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Top 50 Businesses I Can Start With 50k Naira

Top 50 Businesses I Can Start With 50k Naira

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There is a famous saying around the world; ‘Ideas rule the world.’ That means knowledge is the power to rule the world. But what is ruling the world to a person who is broke and distraught, right? A person who has not eaten, and who does not have a source of income should not be talking about ruling the world. But why is the person in question broke and distraught? Lack of money is usually the excuse many people give, but the underlying cause is the lack of ideas. Think about it- if you have a good idea you could make something out of nothing. As a matter of fact, you could quickly turn a few pennies into a business which if you do not become distracted, you could grow into a venture as big as your imagination.

There are quite a few businesses that you can venture into with as little as N20,000, 30k, 40000 or 50k naira starting capital, but if you have no idea of what to do with 50,000 Naira, you’ll probably think that such a small sum of money has no value.

For the benefit of those of our readers who have that entrepreneurial spirit in them, we have in this post compiled a list of businesses that you can start from between 20 thousand Naira to 50,000 naira, and also highlighted how to go into them so as to at least spark off the creative side of you our readers.

Admittedly, some of the businesses highlighted below are more technically demanding than others- by which we mean they will actually require you have some knowledge and experience about what you are doing, and so you may actually need to first spend some time learning the trade or business before committing your funds, so that you do not just throw away your money.

Without any further ado, let us now proceed to check out some of the businesses that you can start with 50k Naira.

What Businesses Can I Start With 50k Naira?

Top 50 Businesses You Can Start With 50k Naira

  • 1. E-Payments and POS Business Agent

This is another business that is increasing in popularity every day. You can a get POS machine from your Bank, and activate online banking: the key to this business is the location, however, if the location is too close to a place where there are many banks, there may not be much business left for the small businessman. But put it in a good location and people will not want to travel far to use an ATM, or to deposit money to their accounts or the accounts of other people. They would rather pay your commission than travel far to a bank only to meet a queue.

  • 2. Bedsheet/ Foam Cover/ Beddings Production

As you may already know, there is a thriving market in Lagos Island where they sell bulk materials of all textures, and for all purposes. You just need to pick good designs, preferably of cotton materials and then find guys who will sew it for.  You may even find them there within the same Market, but it is very important to negotiate with them very well because you have to make a profit after purchasing the materials and then working on them.

  • 3. Manufacture of Men’s Underwear

Somehow this has become the domain of Aba market in Abia state of Nigeria. As you probably know, male underwear, known as boxers don’t need to be fancy at all. Most men prefer that they must be durable and made of tough materials. That you can easily assure by ensuring that the materials you purchase for production are quality materials. After making the boxers, there is the matter of selling them. That can be done by approaching shop owners who deal with clothing, showing them samples, and negotiating price with them. There are some markets where such items are sold, and you can actually approach the sellers there so that you can supply them with the product.

  • 4. Shirt Production

This business has produced millionaires so I might want to sit up and pay attention. Shirt production is good business! Although men do not know so much about fashion, but somehow their clothing are typically more expensive than those of women. If you know how how to fashionably design male shirts you are poised to make a good living.

Many good looking guys you see on the streets of Lagos wearing fine shirts are not actually wearing foreign made clothing. Some of the packet shirts and designer shirts are actually made here in Lagos by sharp guy tailors.

If you already have experience in tailoring this may be especially viable for you, and even if you are not a tailor, you can go to Lagos Island and team up with a good tailor there. You just give him the specifications you want, he gives you his price, you negotiate, and then fill your first order. Selling the product depends on you; some put the shirts in nylon packets and then market them from office to office, while others sell them in their own shops and boutiques.

  • 5. Bead Making

Maybe there are a few gifted geniuses who don’t need any training at all before venturing into a business like this, but if you a regular person, what you need is some training, as well as passion, creativity, an eye for making unique designs and styles, then adequate marketing of your creations. Let us leave the estimate at 20k to start this, but it seems very possible that you can start this business with even less than 20k.

  • 6. Production of Greeting Cards/ Crafts

Greeting cards for each occasion, and also just to express love or appreciation are there to bring money into the pocket of the craftsman. There are also crafts like hand made portraits and pictures that can be used to decorate the house or office. People pay good money for these things, and they are basically made from cardboard paper and colour. Selling them is a matter of touring the local bookshops are showing samples to the shop-owners.

  • 7. Tutorial Classes

If you a Scholarly person, this may be a good business for you, no matter your age. Tutorials is another potentially well-paying business, either as a part-time or full-time business. The potential returns of this business may also depend largely on the place you are located though, there is a huge disparity in the earnings of a tutor in Lekki area, compared to that who operates in the Okoko area, even though both locations are within Lagos state.

  • 8. Mobile and Electronic Accessories

Mobile phone Accessories such as Pouches, Chargers, USB cables, and earphones are items that people just have to buy from time to time because they tend to get lost or misplaced, or just damaged. Therefore, there is a steady demand. Apparently, these items can be sourced online, although you can just go to the Alaba International market and make your bulk purchases.

  • 9. Customizing of Football Shirts

This has little to do with fashion, and everything to do with football fans always wanting to show how much they’re rooting for a team. If you have a background in printing, then this is something you can just stroll into without any problems. If you don’t know anything about printing, you can still venture into this, but first must go under some training.

  • 10. Snail farming

In this particular business, the biggest thing is to build the enclosure for the snails. You can spend maybe a thousand naira to buy the snails, and then feed them with vegetation, and corn waste. Just be patient, the snails will multiply exponentially, and make you some cool cash. This business is best done near your residence, maybe at your backyard.

  • 11. Cleaning Services

Professional cleaning services have for a long time existed in more developed countries. All they do is clean, because some people find it hard to clean their apartments, and because some would rather contract an external body to clean there offices than to employ cleaning staff. Getting clients however depends on your ability to market your business properly.

  • 12. Home Service Barber

This is another profitable small scale business. You need to have a background in barbing, however, because you cannot just go about giving people bad haircuts, otherwise, the business will end before it even starts. The beautiful thing about this is you bring your services to your clients, and even charge them extra for it. You will have to do some publicity, however, so that you can get clients. The capital should be invested in purchasing tools such as clippers and mirrors.

  • 13. Production Of Zobo/ snacks

You have to first have some background in catering for you to make good snacks, and you can learn how to make zobo drinks. You then have to market the products by introducing yourself to shop owners to start with, and then supermarkets. People like homemade snacks and many people are starting to realize the benefits of natural drinks like Zobo.

  • Detergent Powder Manufacturing
  • Tissue Paper Manufacturing
  • Freelance Writers
  • Freelance Editor
  • Affiliate Marketing
  • Webdesigner
  • Managing Social Media Account
  • E-commerce platform
  • Robber Toy Making
  • Nylon Making
  • Sharwama and Barbecue Business
  • Popcorn Production
  • Gaming Centre
  • Phone Accessories Business
  • Fast Food
  • Fish Fingerlings Breeding
  • Mini-Importation
  • Dry Cleaning
  • Soap Production
  • Makeup Artistry
  • Security Firm
  • Ice-Cream Making
  • Slippers Manufacturing
  • Car Wash Business
  • Sales Of Okrika, Second Hand Bags and Shoes
  • Pure Water {Bottle & Sachet}
  • Plantain Chips Making
  • Rental Services
  • Coaching Businesses
  • Fashion Designing
  • Catering Services
  • App Production
  • Bakery Business
  • Haulage Business
  • Blog Set-Up and Customization
  • Home Cooking and Delivery

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Tag: What Businesses Can I Start With 50k Naira, Top 100 Businesses I Can Start With

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