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Top 10 Profitable Businesses To Start With N100,000 Or Less In Nigeria (2023)

Top 10 Profitable Businesses To Start With N100,000 Or Less In Nigeria (2023)

Top 10 Profitable Businesses To Start With N100,000 Or Less In Nigeria (2023)

Top 10 Profitable Businesses To Start With N100,000 Or Less In Nigeria(2023)

It takes a lot to run a business, especially in the current economic climate. Starting cash, a suitable location, and a strong customer base are just a few examples of the challenges that can arise. The right idea’s conception is the defining moment in any firm, though. Many companies are launched with sufficient funding and in prime locations, yet fail because their ideas are flawed for some reason

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. We have also come to the conclusion that one of the main reasons firms fail is not that they are bad business concepts in and of themselves, but rather that the owners did not invest as much in the actual business to be pursued.

Most business owners simply want to run a profitable enterprise. Only a small portion of people consider precisely what business would be most successful at the time they plan to launch it. This is the reason we chose this least. You’re undoubtedly prepared to start your own company, have secured funding, and are simply searching for the ideal industry to enter. Consider some of the recommendations on our list.

Top 10 Profitable Businesses To Start With N100,000 Or Less In Nigeria (2023)

1. Catering Service

 This is one business that can thrive in Nigeria because we there are so many delicacies and options to choose from. With your capital, you can acquire the basic things that you require to start a catering business. Another reason why this business is so good is that you don’t have to struggle so much to make a daily turnover.

Catering Service

All you need to do is make sure your ingredients are ready, make nice meals and deliver them off to customers. You can take this business online as well. We have countless food caterers online who don’t have physical stores or restaurants.

2. Laundry Service

This business does not require so much besides basic tools. To get started, just get yourself a washing machine (not compulsory) and an iron, and you are set! One good thing about this business is that you can work right from your home.

Laundry Service

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3. Foodstuff Transport Business

 This business is a very profitable one because you don’t need to have fixed capital to start. All you need to do is find vendors in a designated part of the country, buy foodstuff from them, and transport them to other parts of the country.

Foodstuff Transport Business

To make your business easier and more productive, you can have traders who are ready to buy your goods off your hands the minute they land. All you need for this one is a good means of transport and the ability to bargain.

Top 10 Profitable Businesses To Start With N100,000 Or Less In Nigeria(2023)

4. Cryptocurrency Trade

This is one of the least physically demanding businesses on our list. You can completely work from the comfort of your own home. Cryptocurrency has become so widely popular and is still getting more traction. Many big companies and key players are now taking their pay in these alternative coins.

Cryptocurrency Trade

There are so many coins one can invest in; from bitcoin to dodge coin etc. So, invest first in a particular coin, wait for it to rise by monitoring the market, and sell at the right time.

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5. Small-scale Importation Service

 These days, people are important several small products from other countries into Nigeria. In source countries, these traders get the products at fair prices and sell them at costly rates.

Small-scale Importation Service

The trick here is to know exactly what to import; what people are likely to purchase. The easiest way to do this is by going for basic products and daily use. Products like clothes, phone devices, small electronic devices, toys, jewelry, etc.

6. Popcorn Business

 This business is one of the easiest on our list. If you want to make a lot of profit, find ways to make your popcorn taste sweeter than the regular. You can incorporate various other flavors, or add milk to your recipe. Another thing is location.

Popcorn Business

For a physical location, find a place that is close to constant activity, like a church or a school. You can take this online with very attractive packaging ideas.

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Top 10 Lucrative Businesses To Start With N100,000 Or Less In Nigeria (2023)

7. Cake/Pastries Making

Another business to start with 100k and make lots of profit is the baking business. You can cater for events such as weddings, anniversaries, and birthdays, with your nicely baked pastries. You can also take this business online; delivering up orders for cake, cupcakes, fish rolls, etc.

Cake/Pastries Making

Please remember that this is one of those businesses that you cannot excel in if you lack the required skill. This means that the first thing you have to check off your list is great baking.

8. Haircutting

Cutting hair is another business that would require a skill first. Before starting this business, you should learn the `art‘ of barbing first. Find a good barber and work under him for a while or as soon as you learn this skill.

Haircutting

The next step is finding an easily accessible salon, then tools for work. A list of tools you’d need includes;

Clippers

Aftershave creams

Hair creams/lotions

Hair Dye

Disinfectant

Brushes

Powder, etc.

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9. Fruit Drink Business

 You’d need a store, blending tools, and fancy cups/packages. This business entails the making of drinks from fresh fruits. It would help if you have a refrigerator, as many customers like their drinks chilled.

Fruit Drink Business

10. P.O.S Service

 This one requires the least capital on our list of ventures. Point of Sale (P.O.S) services is carried out by external bank agents, who aren’t direct bankers with financial institutions but have the fiat to carry out some mobile transactions like credit or withdrawals.

P.O.S Service

Here, customers do not always have to use physical banks or ATMs to access or pay in cash. If you want to start this business, you’d need to find a bank that supports external agents like them, acquire a P.O.S machine and invest your starting capital into the assigned account. After this, you can start your business in a location where you have access to persons who are more likely to need financial transactions.

In conclusion, these businesses made our list for best ventures in 2022 because, after the lockdown, you’d find that the most profitable businesses are alternatives. People are looking for other means of making money; investing in e-naira and online stock. With 100k and enough commitment, you are looking at a great return by the end of next year!


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