Starting a business does not always require a large capital investment; you can easily launch your own firm with as little as $100 and potentially transform it into a flourishing enterprise”
You are not alone if you desire to be your own boss or are concerned about the costs of starting your own business.
Many people believe that beginning a business requires a large investment; however this is not always the case.
Starting a business does not always require a large capital investment; you can easily launch your own firm with as little as N100,000 and potentially transform it into a flourishing enterprise.
In this article, we will walk you through several intriguing business ideas that are not only inexpensive to start but also have the potential to generate substantial profits
- Cooking gas
Cooking gas demand in Nigeria has continuously increased due to its convenience and environmental benefits. Starting a cooking gas distribution company might be a profitable endeavor. You can buy and establish a gas cylinder refilling station in a strategic place with your N100k money.
Begin by researching safety standards, locating a suitable location, purchasing equipment, and developing partnerships with gas providers. Invest in security measures as well, and advertise your company through local advertising and online channels.
- Phone accessories
Phone accessories such as chargers, cases, screen protectors, and earphones are in high demand in the smartphone business. By purchasing products from wholesalers or manufacturers, you can start a phone accessory retail business with as little as N100,000.
Set up a small kiosk or an online store to reach a larger audience. Offering one-of-a-kind, high-quality accessories as well as exceptional customer service will help you stand out in this crowded market.
Entrepreneurs can make and sell handcrafted soaps, bath bombs, and skincare items in the beauty and personal care industry.
With a N100,000 budget, you can start this business from home by purchasing bulk goods and packaging materials.
Once you’ve learned enough, you can experiment with different recipes to develop one-of-a-kind products that appeal to diverse skin types and preferences. Building an online presence through social media and e-commerce platforms is critical since it allows you to reach a larger audience.
3. Real estate agent
In Nigeria, real estate is a thriving industry, and becoming a real estate agent is a feasible business option. You can use N100,000 to purchase important marketing materials such as business cards, flyers, and a website to promote your services.
Building a network of contacts in the real estate sector and focusing on a specific expertise, such as residential or commercial properties, can assist you in finding clients and earning commissions on successful sales.
- Soap Making
Entrepreneurs can make and sell handcrafted soaps, bath bombs, and skincare items in the beauty and personal care industry. With a N100,000 budget, you can start this business from home by purchasing bulk goods and packaging materials.
Once you’ve learned enough, you can experiment with different recipes to develop one-of-a-kind products that appeal to diverse skin types and preferences. Building an online presence through social media and e-commerce platforms is critical since it allows you to reach a larger audience.
- Foodstuff
The food industry is a consistently profitable industry, and selling food can be a profitable business with a cheap initial cost. With N100,000, you can buy large quantities of popular foods such as rice, beans, spices, and cooking oil. Set up a small retail business in your neighborhood, or try delivering food to customers’ doors. Investigate local food demand, form supplier relationships, choose a retail or delivery model, devise a competitive pricing plan, and build trust via consistent quality and customer service.
