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What business can I start with 50 000 naira in Nigeria?
20 Businesses You Can Start With 50,000 Naira in Nigeria
- Baking Business. Baking is a thriving business in Nigeria.
- Fast food Business. The importance of food can never be overemphasized.
- Plantain Chips Business.
- Selling Drinks and Water.
- Small Scale Farming.
- Smoked Fish Business.
- Soap Production.
- Home and Beauty Products.
What does it cost to start a POS?
The main cost that you’ll require for starting a POS business in Nigeria is the cash at hand you’ll need to make withdrawals possible. This can range from ₦250,000 to ₦150,000. Getting a new POS machine/terminal from some banks or fintech companies in Nigeria can cost between N85,000 and N100,000 only.
Is 50k enough to start a business?
50k is definitely enough to start turning a profit or prove your concept to raise more money. Here are some ideas: Consulting: Choose a niche, and make people pay for your expertise. Areas of expertise could include strategy, acquisitions, software, and business model development.
Can I start POS business with 20k?
Many people have wondered if one can really start up a business in Nigeria with such amount of money? The answer is YES you can.
How to start a fashion business with n50k?
With as little as N50,000 saved using a platform like PiggyVest, you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e. by carrying your products to places they are needed. In this case, you have to first identify your market and feed them with their needs.
Fitness has always been a source of concern, and Nigerians have also caught the bug. This is because of the high rate of cancer that continues to ravage people. If you are a fitness and health enthusiast, then you can look towards starting a gym-related business in Nigeria.
How can I make money online in Nigeria?
If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to make money online in Nigeria. All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.
How do I start an online importation business in Lagos?
You can get supplies from Computer Village (Lagos) or online stores. Phone Accessories business is one sure way of getting into online importation. Also, you could make your business stand out by venturing into mobile phone insurance.