26/04/2021
5 Businesses you can start with 50k or less Capital
Here is our list of businesses you can start with a low capital, as low as fifty thousand naira.
Our recent research shows that these businesses are profitable businesses anyone can venture into and expect good income from it.
If you have a good idea you could make something out of nothing. As a matter of fact, you could quickly turn a few pennies into a business which if you do not become distracted, you could grow into a venture as big as your imagination.
1. FAST FOOD BUSINESS
The importance of food can never be overemphasized. You can use your cooking skills to make good money. All you need is a little stand, cooking materials, and foodstuffs. You can start by finding a very strategic location and start making foods like spaghetti and chicken.
2. MINI IMPORTATION BUSINESS
Nigeria depends on importation. There are so many items out there to import that will interest Nigerians, including basic stuffs like Cream, Perfumes, Clothes, Electronics etc. Importation business can be started with 20000 to 50000 naira and you're sure of making 150000 Naira monthly, if importing the right products. Websites like 1688.com, alibaba.com, aliexpress.com and others can help you started.
3. . SOCIAL MEDIA MANAGEMENT
This business is on the rise today. You just need a little training, and you can become a professional social media manager in days or weeks. You can start up your own social media managing business, present an irresistible portfolio to small or large companies and help them reach their target audience, and get paid a monthly fee.
4. Multilevel Marketing
Multi-level marketing or network marketing is today one of the most adopted business models by both old and modern-day big businesses because of the enormous benefits attached to it for all the participants in the industry (business owners, manufacturers, and consumers). Many Nigerians think network marketing is a scam, and this mindset has prevented us from taking advantage of some of these juicy latest network business opportunities in Nigeria.
Consumers also get to earn daily, weekly, or monthly commissions by simply sharing information about the company’s compensation plan, products, and services. Note, this is basically something we do every single day for free. We often recommend products and services which we use and get satisfaction from to friends and family all the time without getting paid for it. Multi-Level Marketing is simply adding a monetary reward to our daily FREE word of mouth advertisement and with a little capital mostly below
N50,000 you can start your own business with a credible company. All you will have to do is to share the opportunity with others and get them to join your team.
5. Affiliate Marketing
With the right training, affiliate marketing can make you rich. This is simply because there is no limit to how much you can make daily, weekly, or even monthly. Affiliate marketing is the practice of promoting the products or services of another person or company in exchange for a commission on the resulting sale. Affiliate marketing is easy and cheap to start, but it takes dedication and a long-term vision to be successful. Essentially, affiliate marketing involves you promoting other companies' products and services, earning a commission on generated leads. All you need to get started is a blog or website and a specific product or service you would like to promote.
The above business ideas are reliable businesses that are worth investing in. Therefore, do take your time to pick one or two that interest you and take action now.
These ideas are very lucrative and if you know how to grow your business, you will be surprised at how big it will become.
In case you have any questions, need clarifications or you need help in starting your business, please get in touch with us on 08035377198 or on WhatsApp chat: https://wa.link/fs3zxr