Business & Investment

20 Businesses You Can Start With N30,000 In Nigeria

You no longer have to wait until you possess millions or hundreds of thousands in your account before thinking of any business to go into.

Nothing is too little to start up with. There some businesses which require little or no capital at all while there are some which require tens of thousands.

Although the amount of capital one has in possession determines how big the business establishment would be; large scale business establishment requires more capital than the small or medium scale. If you are the type who is looking for something to start with, then this article will be of great use to you.

Read More: 20 Business Ideas You Can Start Without Capital

20 Businesses You Can Start With N30,000 In Nigeria
Business Ideas in Nigeria – Photo Source: http://maison.com.ng

There are a few business which you can kick start with just N30,000 only. Their profitability is great and depends on management and marketing. Those that require preparation or production have readily available and cheap materials too.

Below is the list of businesses you can start with just N30,000 only

20 Business You Can Start With N30,000 in Nigeria:

  1. Noodles cooking business
  2. Shampoo production and sale
  3. Yoghurt business
  4. Popcorn business
  5. Chin chin business
  6. Fast food business
  7. Paint production business
  8. Phone accessories business
  9. Electronics repair business
  10. Sale of fairly used clothes, shoes and handbags
  11. Soap making business
  12. Laundry dry-cleaning
  13. Cake making
  14. Car wash business
  15. Shoe making/selling
  16. Decoration business
  17. Sales of used books
  18. Snail rearing
  19. Website designing
  20. Snacks baking business

Read More: How to Start Recharge Card Selling Business in Nigeria

1. Noodles Cooking Business

This is a very lucrative, easy and cheap fast food business. Noodles can be sold to children, teenagers and adults of any gender. Setting up a stand close to a school, university, hospital or high populated area would be a wise move in this case.

Most students in the university especially those staying in the hostel depend on fast foods for breakfast, lunch and dinner since cooking is not allowed in the hostel as is the case with university of uyo, akwa Ibom state.

Starting up a noodles cooking business with these students as your primary targets will earn you huge profits. To start a noodles cooking business, you need a stove or any cooker, a suitable location, table and chairs etc.

2. Shampoo Production and Sales

There are enormous numbers of hairdressing salons at various locations in the country. These salons require the service of a shampoo in order to deliver the job paid for by their clients.

Shampoo production is a fast selling business and N30, 000 is enough to start a small scale shampoo production business.

The materials for shampoo are readily available, you don’t need any machinery or costly and sophisticated equipment for small scale production. All it requires is the manual mixing of the ingredients with hands or any other aid.

Shampoo can be supplied to local salons and shops or even supermarkets.

3. Yoghurt Business

You can either be a yoghurt supplier, seller or producer. Of all the three options, yoghurt production seems to be the most profitable one. If you are considering going into yoghurt production, N30,000 can only afford a small scale production which is expandable with time and accumulated profit.

Yoghurt will require refrigeration or freezing. All you need do is procure the ingredients, mix them according to your recipe, freeze and package them and up you go.

4. Popcorn Business

Popcorn is a well sort after snack. If you’ve been to a cinema before, you will find out how much patronage popcorn receives. Popcorn production is not difficult or that costly either. If you are going into small scale production and sales, you will need a popcorn machine.

If you don’t have the capital to get a brand new machine, you can make do with a fairly used one. You can search for a fairly used popcorn machine on jiji.ng or on olx.com.ng. For a new popcorn machine, you can check jumia, konga or any offline stores too.

5. Chin Chin Business

Chin chin is made by frying and frying requires oil. The materials for chin chin production are cheap, easily affordable and readily available. The ingredients can be found in the market, supermarket or local stores.

The produced chin chin can be packaged with or without a printed label. It can also be contained in a bottle and supplied to school canteens, supermarkets, and shops or sold personally.

Read More: How to start a Fishery Business in Nigeria

6. Fast Food Business

N30,000 naira is enough to start a fast food business. All you need is a suitable location or stand. Food preparation can be done at home and then transported to the point of sale.

Travelers often stop by to eat, those who can’t afford the luxury of patronizing a classy eatery will stop by at your place. Also, the people around that area will also patronize you too. One feature that must be maintained above every others is cleanliness.

Your place must be clean and flies-free as possible.

7. Paint Production

Small scale paint production involves mixing the compositions of a paint together in a bucket with the aid of a stick and packaging it in an existing bucket for sale.

The ingredients for paints are accessible in chemical shops. You don’t have to produce your own container, you just have to mix and pour into another paint’s container and up you go.

8. Phone Accessories Business

These kind of business is common among young guys but anybody can do it. Almost all Nigerians have mobile phones and the need for repairs and replacement of phone parts is unavoidable. Phone accessories business involves the sale of accessories like chargers, earpiece, memory cards, phone casings and others.

It is a very lucrative business and the goods are readily available too.

9. Electronics Repair Business

This business requires ability and skills. If you are good in repairing electronics like tv, radios, refrigerators etc. all you need is get the tools and location and up you go. One essential thing you will need in order to progress in this business aside from skills and ability is good reputation. You have to watch out and protect your reputation.

If can’t repair the spoilt device, tell your client it’s beyond your ability rather than keeping it or telling them it can never be repaired again. Once you say it can’t be repaired again and they end up getting it repaired somewhere else, that’s a big blow to your reputation.

10. Sale of Fairly Used Clothes, Shoes and Handbags (Okrika)

This is a trending business too and is easy to start up and progress, all you need to do is procure a bale and display them on open places for sales.

11. Soap Making

It is near to impossible for a day to go by without the use of soaps whether during bathing, plate washing, car washing or dry-cleaning. Both solid and liquid soaps are easy to make and sell. The ingredients are easily available and after soap production, they can be sold to restaurants for cleaning jobs, markets and shops etc.

Read More: 10 Ways to Promote Your Business in Nigeria

12. Dry-Cleaning Business

You can make money by washing and ironing for the busy people. Dry-cleaning job has high profitability and is not seasonal.

13. Cake Making Business

You can start your own cake making business with just N30,000 naira. You can either prepare them for sale or based on demand.

14. Car Wash Business

This involves the washing of cars and getting paid for it. You will need the appropriate soaps, water, brush and location for this business.

15. Shoe Making/Selling

Shoe making can be very lucrative if you have the skills. Every sensible Nigerian wears shoes, it could be to work, school, church or at home so the need for shoes is a given. Shoe making business can be started with N30, 000 naira only

16. Decoration Business

People seek for hall decoration during wedding, birthday party or conference and other social or business gathering. Delving into this business will be a good choice.

17. Sales of Used Books

People opt for fairly used books when the brand new one is too costly for them to afford. Selling used books is a lucrative business idea to consider, they are cheap to afford.

18. Snail Rearing

Snail farming is a business which is overlooked by many Nigerians. At least I have been opportune to witness a snail farmer selling his snails and the price for a bucket of those snails were no joke. Going into snail farming is a lucrative business. Snails are readily available, easy to rear and the competition level is low.

19. Website Designing

With your laptop, you can make up to 300k with just website creation and designs. This requires little or no capital at all. All you need is the knowledge and skills and maybe your laptop.

Read More: How to Start Garri Processing Business in Nigeria

20. Snacks Baking Business

Snacks such as chin chin, fish roll, buns, meat pie etc. can earn you a lot of money if you take it serious and market them strategically.

 

 

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Patrick Okon

Patrick Okon is a content developer at InfoGuideNigeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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