20 Business Ideas You Can Start With N100k

Some of you have little cash with you but lack business ideas on what to do with the cash and how to grow the cash but this business ideas will guide you through on which of the businesses you can start.

1. Bedsheet/Beddings Production. Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and there are guys who will sew it for you within the same market. You can start with less than 100K and diligently grow your money.

2. Shirt Production: A sweet side hustles. There are tailors in Lagos Island or environs or you can 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 N700 – N1000 per yard, sew for N1500/2k and sell for N5000 – N7000

3. Aba Market: 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 these babies properly or better still beg your friends on twitter for RTs, we men buy 3s pack boxers for N1500-N2500… You can sell yours little lower than that and gradually grow your profit.

4. E-Payment and POS Business: You can get a 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 as Pouches, Chargers, USB cables HDMI cables, earphones and more can be sourced from Alibaba, AliExpress, Deal Extreme etc.  The more you buy the lower the price. And they are lite so shipping won’t be a burden. You can sell it on Jumia or Instagram etc.

6. POP Corn: We all know this guy, we buy every time… Bags of corn, branded Nylon, sugar, salt and butter. The beauty of this is when properly made, the aroma will attract its customers. Wole and Edward of Federal University of Agriculture are into this kind of business.

Manual sealing machine is sold for 7/9k, popcorn machine on Jumia is sold for 65k and remember that everybody likes popcorn.

7. Snail Farming: In Nigeria, snail farming is more popular due to its relatively cheap cost of startup and if you market your products well, your business will thrive. This is a business you can start from your backyard, they millions of eggs but patience is required as it can take almost a year to mature. I can link you with someone who can guide you through in this if you are interested.

8. Fairly Used Clothes: Such as Jeans, Tops, t-shirts, shoes etc. They could be sourced at Badagry, even Cotonou. 100K can’t get you a bale but you can select and mix them. Wash them and package neatly. Good packaging will bring you more customers… hence you’ll see your money multiply.

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