By Fatimah Idera
In a country where economic hardship and general unemployment have become the order of the day, conceptualizing business ideas in Nigeria and subsequently starting same can only provide a lasting relief for people towards a better livelihood.
Given the dire economic situation, Nigerians have turned to more desperate means of keeping body and soul together by venturing into businesses like sports betting, an inconsistent yet hopeful way of making regular income
With everything getting more expensive and jobs becoming less stable, having more than one way to make money is smart and encouraging for individuals in the country.
So, here are businesses you can set up with just 100k and you will make profit wisely;
POS/E-Payment Business:
It offers payment services, like cash withdrawals, transfers and bill payments. With just 100k, you can acquire a POS machine from reputable providers like FirstMonie, Kuda, or Opay and set up a shop in a bustling area or new site.
Throughout the day, people can come to you to withdraw cash, transfer funds, or pay bills, and every transaction earns you a commission, adding up to a tidy sum by the end of the day. After covering the initial setup fees, you’re all set to start earning.
Mobile Phone Accessories business:
Sell phone cases, screen protectors and other accessories.Although, Smartphones are everywhere, and so are the accessories that go with them.Having 100k, you can dive into the lucrative world of mobile phone accessories. Imagine stocking your shelves with trendy phone cases, fast chargers, and sleek screen protectors.
Whether you choose to sell online or set up a physical store, the profit potential is immense. With the right mix of quality products and savvy marketing, you’ll have customers lining up to access their devices.
Baking/Catering business:
Investing in a small scale or snack production.Baking and catering as a business idea in Nigeria is lucrative with little capital. The aroma of freshly baked bread wafting through your kitchen as you prepare delicious treats for your customers.
With just 100k, you can turn your passion for baking into a profitable business. Imagine crafting custom cakes for birthdays, weddings, and special occasions, or serving up mouthwatering dishes at events and gatherings. With the right ingredients, equipment, and marketing strategy, your baking/catering business can become a household name in your community.
Makeup Artist Business idea in Nigeria:
Beauty is big business, and with 100k, you can carve out your own niche in the lucrative world of makeup artistry. Imagine wielding your brushes and palettes to create stunning looks for weddings, photo shoots, and special events.
With the right training, products, and marketing strategy, your makeup artist business can become a sought-after service in your community, helping people look and feel their best on their most important occasions.
However, if you’ve been contemplating starting your own venture but felt limited by budget constraints, let these business ideas in Nigeria inspire you to take the leap. With 100k and a whole lot of determination, the possibilities are endless.
About The Author
