Business

20 BUSINESS YOU CAN DO WITH NGN50,000

Posted 9 months ago

20 easy to start and quick earning business for startups or as a side hustle.

In business, you need the right attitude, else you'll sink.

Ensure friends and family pay for goods sold.

If you feel you're too big for a certain kind of business, then you'll sink.


1. Bedsheet/Beddings Production.

Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and I tell you the guys who will sew it for you are just within the same Market.

2.Shirt Production: A sweet side hustle. There are tailors in Lagos Island or better learn the skill it will save you all the heartbreaks imaginable. Taiwo Street in Lagos Island is where you should be. Materials ranging from 700 - 1k per yard, sew for 1500/2k, Sell for 5-7k

3. Schedule a trip to Aba Market: The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s and market. A pack of boxers goes for 1500-2500 sell yours for 1200 gradually grow.


  4. E-Payments and POS Business: You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren't much you can handle e-payments for people and make your small change. I paid someone N200 to withdraw 10k in Ikorodu. ATM queue was crazy.


5.Mobile and electronic Accessories such Pouches, Chargers, USB cables, HDMI cables, earphones and more, can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price. And they are light so shipping won't be a burden. Sell online or jumia and co.


6.We all know this guy! We buy everytime (POPCORN).

The beauty of this is when properly made, its aroma will attract it's customers.

Popcorn can be served anywhere.


7.Sales and Customizing of Football Team. Football team supporters always want to show how much they're rooting for a team.


8.Fairly Used Goods such as Jeans, Tops, t-shirts, shoes etc. They could be sourced at Badagry, even Cotonou. 50k-100k can't get you a bale but you can select and mix them. Wash then and pack neatly. Marketing is all it takes, you'll Sell and see your money multiply.


9.Cleaning Services: Some people find it hard to clean their apartments because they're busy from Monday to Friday and Saturday the have engagement and on Sunday all they wanna do is rest. Your tools won't cost you up to 30k and you can clean 6 apartments a weekend.


10.Home Cooking and Delivery: You can cook a variety of meals well and apply customer service, People will pay good money for your services, You can run this from home 


11.Digital Marketing: The success of any business is in its ability to effectively reach its teeming customers and this is achieved by effective marketing:Get a Used Laptop and Smartphone, temporarily your smartphone can double as your hotspot   Persistence and Passion is Key


12.Cakes and Confectionery: This is one business that always comes to play, people celebrate, and bakers are always consulted. Get the required skill, a decent oven, passion and customer service! You'll grow!


13.Aso-Oke Beading and Stoning has become sometimes in vogue now, and this is another sweet business one can start with 50k. You just have to learn how to bead and unlock your creative mind.


14.Bead Making: I'm not sure there's really much to say here. All you need is training, passion, creativity, unique designs and styles, then adequate marketing. You absolutely don't need 50k to start this.


15.Home Service Barber:This is another profitable small scale business. The beautiful thing about this is you bring your services to your clients for an extra token above regular. The starting capital to get the equipments and I'm sure you know we have rechargable clippers.


16.Tutorial Classes: No matter your age, this is another well paying job, either as part-time or full-time. Many families are willing to spend what it takes for their children’s success and there's one subject you're well versed at. Just close the gap, meet their need for a fee.


17.Internet Services: Forget the extensive coverage of internet and the fact that people can assess it on their phones, Do you know how much applicants pay just to have Jamb applications filled online? You need a good system, printer & ISP.People pay as much as 1k per application


18.Production Of Zobo, Smoothies, cocktail, small chops, cupcakes and chinchin! You'd realise the importance of this combo cant be ruled out. You can render these services with 50k startup capital + proper marketing, branding and packaging.

19.Jewelry- Jewelry is never out of vogue, you can go to the market and get beautiful yet simple jewelry and market it. You’ll definitely get a buyer.


20.Re-Invest Your seed Capital in an existing business. Not everyone has the head for business but they can sniff opportunities. You can always sow your money as operating capital and draft an agreement on profit sharing.


You can at least support your investment by bringing customers so the business can thrive. Market it on all your social media pages and who knows. 50k can solve a lot!!!!


Truth is there so much one can do with very little, it takes persistence, focus, interest and above all hardwork. We can't all be rich but we all shouldn't be poor. 


Thanks for reading , please don’t forget to hit the like and subscribe button!!


Precious Nwachukwu

Precious Nwachukwu
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I’m PLUCKY. Ethical Accountant,Project Manager, Customer Relationship Manager ,Google / IAB Certified Digital Marketer.

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