Business51 Comments

Some of the business I am going to list here are common businesses that people tends to neglect still they have all the potential to make someone rich. Starting a small business in Nigeria has never been easy at any time considering what you’d have to go through to raise capital towards setting up any business. Basically, it’s all about money money money! No Bank in Nigeria is willing to help small scale entrepreneurs and Government seems to have plans only on paper for the large number of jobless citizens in the country.

Therefore, if you are contemplating any business, you are on your own if you don’t have enough money to finance it. The worst part of it is that most potentially profitable small businesses in Nigeria need much amount of money to get it started due government huddles and their bureaucratic bottle necks. Most times, the money required to start small business in Nigeria is far much beyond what average Nigerian entrepreneurs can afford.

Have you ever conceived a business idea so bright that it was just a matter of getting it started and the money starts rolling in, only to see the idea die because no money to kick start the business? That’s what 70 percent of Nigeria Entrepreneurs experience on regular basis.

Sometimes, the little money you have can’t just be enough to start anything reasonable no matter how hard you tried. Because of these, many people are finding it difficult to figure out any business they can start with small amount of money and make reasonable profit. This post will take the burdens off you as I have taken time to come up with lists of small businesses with good ROI

Below are some of the best small businesses in Nigeria that any aspiring entrepreneur can start with N50,000 or less and make substantial profit in no time.

1. Plantain Chips Making – Move around the street and you will see different brands of Plantain chips on sale and it sells very very fast. People like chewing stuffs like plantain chips and there is no end to it, so if you can engage in the business of producing and supplying it to retailers and hawkers, you will be making good money on daily basis.

All what you needed are: Big Frying Pan (N3,000) Small Sealing Machine (N15,000) The Nylons and Labels (N2,000) Other Utensils (N5,000) The rest N30,000 goes into buying of Plantains and logistics. Supply to the shops and to hawkers and make regular money on regular basis.

2. Tokunbo Shoes – I like quality leather materials and that’s why until recently all my shoes and bags are bought from the tokunbo shoes and bag sellers. I used to get some top class shoes for about N3,000 by the roadsides back in those days when I can’t really afford high quality designer shoes that cost N50,000 or more.

There are many people out there who are just like me. Instead of patronizing those fake China shoes and bags, they prefer to buy high quality fairly used ones which last longer and confer you with more respect.

Get a nice place where you can be displaying your goods such as in front of shopping malls. Go to any fairly used products market (Katangowa or Aswani in Lagos) you may go to Seme Border or Kotonou. Select quality fairly used shoes, look for designs that are close to the latest fashion. N40,000 can get you up to 40 pairs of shoes. Sometimes you make profit of up to N3,000 from a single sell.

3. Used Books – You usually see them by the roadsides and you’re wondering if the sellers are making money from those books on display? Try it and see! You will be surprised at the profit margin, and you will be amazed at the rate at which Nigerians buy different kinds of books.

Follow the same process as with the used shoes but you buy at different markets. Used books are sold mainly in importers warehouses, locate one and go there to select nice used books, Children books, Professional books, Hand craft books, etc. These types of books sells very fast with high profit margin. N50,000 is more than enough for a starter.

4. Office Supply – People who works in the offices finds it difficult to go out to the market to buy certain things like Wrist Watches, Shirts, Ties, and Perfumes. Help them do the shopping and charge moderately, don’t be greedy like other suppliers who buys fake things for N1,000 and wants to sell for N10,000 in the name of office supply. Some of them even use to lie that they bought the products from oversea (while in reality they bought it from Idumota) just to sell it at unacceptable price

If you are honest with your business and charge reasonably, you may even get huge supply contract form some of the people you will meet in the offices. N50,000 will do good in this type of small business in Nigeria and you are going to be glad at the brisk business you will be making.

5. Road Side Foods Vending – If you are the hard working type, this small business in Nigeria may be for you. I’ve seen people buy cars and build houses from this business. It’s one of the few businesses that guarantees steady flow of income no matter the weather and no matter the economic situation.

Specialize in cooking Jollof Rice and Beans, Moi moi, Fried Plantain, Custards, and Fried Eggs. You will be come the best friend of the people and the people will be your friend! Look for a hot spot, like the bus stop, near Motor and Okada parks or busy shopping malls.

Thirty Thousand Naira (N30,000) will get you all the utensils and small tables and chairs. While N20,000 goes for food items and settlements.

Business-Tips

Please if you know any other profitable small businesses in Nigeria that one can start with N50,000 or less, write about it in the comment box below and let’s get the business started! Don’t just mention the name, write brief detail about the business for people to have an idea of what it takes to start it.

It is my humble wish that Nigeria will become a place of enjoyment where everyone is gainfully employed by doing jobs and businesses they loves.
 

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51 Comments

  • Anonymous August 26, 2013

    bro, Good write up

    Reply

  • elipec October 11, 2013

    Perfect, u r d best keep it up

    Reply

  • Anonymous October 15, 2013

    well-done, God bless you

    Reply

  • Anonymous October 15, 2013

    Laundary biz

    Reply

  • Tongkwap M November 27, 2013

    I wonder why I have not seen your site all this while, very honest and reasonable guy. Keep it up!!!

    Reply

    • Darlinton Omeh November 27, 2013

      Thank you very much… nice to have people like you who appreciates.

      Reply

      • Unknown December 6, 2013

        Darlington, you may not know it but you are doing a great job for the country. There is hardly any search on google on entrepreneurship without your page coming up. Your contents are vast and straight to the point. Keep up the good work

        Reply

        • Darlinton Omeh December 6, 2013

          Thank you very much for your kind words. I also want you to assist Google by writing about us and linking back to us on other websites and Facebook

          Reply

  • Anonymous December 31, 2013

    Thanks alot Sir, am so happy to see this article and get to read it.Hopefully i will try my hands on one of these ideas this new year. Thanks again.

    Reply

  • Anonymous January 11, 2014

    Thanks a lot u are eradicating poverty from the society

    Reply

  • nextacy007 January 16, 2014

    i have taken time to view the site and really, you have done more than the university walls could ever offer most. thank you.

    Reply

  • oluwaseun Ariyibi January 19, 2014

    Good enuf,u r one of the few minds with the self dependent spirit,I like that…i've been considering the cotonou trade but the issue with custom is a threatening challenge according to reports of goods worth hundreds of thousands allegedly seized. It's a posing threat…..any idea on how to do a smooth "Custom free" trade?

    Reply

    • Darlinton Omeh January 19, 2014

      The solution is to settle the custom properly in advance, people's goods get impounded because they try to take escape routes. If you're coming from Cotonou, to through the customs and settle with them properly, you wouldn't have a problem

      Reply

  • kentob January 22, 2014

    i think okada/cyclist surpposed to be amongst the list but i dont really know the Price of motor cycle

    Reply

    • Darlinton Omeh January 22, 2014

      I don't think that can be considered a profitable business in Nigeria right now going by the way most states are banning okada riding. Besides, motorbike is well over N50,000

      Reply

  • Anonymous January 31, 2014

    Nice post bro…u really help lives.

    Reply

  • Anonymous March 27, 2014

    Good write up. The food vending business cant be over emphasized, i see lots of road side "indomie" stands and really impressed. People could also look towards more bean cake/akara joints complete with custard/pap availability.
    The little biz which i just started is spice/food packaging, presently have it in sachets and and plastic bottles, just added ijebu garri to it and about to start beans packaging , and i started it all with about 20,000, if u remove the fact that i already had a generator to carry the sealing machine, but anyone starting would have to manage and work fast with the little time nepa gives. At a stage when my gen was bad, i did the packing early in the day and covered them up, and when i returned back from work in the evenings and there is light i seal what i could..you have to study the nepa schedule in your area, it normally has a pattern.

    Reply

    • Darlinton Omeh March 27, 2014

      Thanks for the great insight into food packaging business. I hope it will benefit a lot of people here

      Reply

    • amyzee July 13, 2015

      Well done Mr Darlington, this is indeed an eye opener. I have a POS, I bought it to start a credit card printing business. The server agent assigned to it says they are now into credit transfers and not the paper recharge cards. My question is, wat other business can I do through the use of the POS? I've also been thinking of office cleaning services? Wat do u think? Thanks alot.

      Reply

    • Neny September 13, 2017

      Hi. I like your comment. Am trying to start a food packaging business but I don’t know how to go about it. Especially with the equipment needed. Am hoping you will put me through. Thanks

      Reply

  • Anonymous June 19, 2014

    This is what we are talking about, this are strong willing people writing!, Brother thank you so much for given us dis. I want to suggest Laundry too. Its cheap to start u can start it without shop,u can write a sign post in front of ur resident buy big basins, table and iron, i knew PHCN will be the main challenges but with time u will make money and buy generator and move to a good shop.

    Reply

  • Anonymous August 13, 2014

    Pls am trying to get into d cab business, who knows whr i can get a clean golf of 400 thousand naira pls. Someone showed me one but it had a bad engine. Plss

    Reply

  • Darlinton Omeh August 14, 2014

    Go to Mile2 area, Around those FESTAC area, you will see golfs for sale. I'm not 100% sure but I think.

    Reply

  • Anonymous August 27, 2014

    All for free. Thank you Sir.

    Reply

  • Somtochukwu Ani January 18, 2015

    Great

    Reply

  • somtoani January 18, 2015

    Really great

    Reply

  • eku bona February 27, 2016

    I had bin on net trying on how to guided on soapmaking biz.but luckly for me I had just dizcova it now …thank s alot …
    Ur really helping my future…….God will bless u more ..
    ………do u knw any custard production company I can go for site seeing in Enugu state?…am so interested in de biz….

    Reply

  • Linus April 29, 2016

    One can also start a doughnut business, with even less the 50k,all you need is a show glass,wheelbarrow,flour, sugar,salt,milk,frying pan, and groundnut oil,and off you go on your mobile business. being your boss!!

    Reply

  • sundaysoba May 14, 2016

    another business u can start wt less dn 50,000 is 1, u can sale breads, all u need is integrity, d baker ill supply u in d morning and collect money in d evening. I call it OPM/OPR strategy, others people money, others people resources. it also apply in recharge card business, co-venture to others successful business person around u. trust must exist. u must known how to sales, another one is sales of cement like dangote and elephant just get money to rent a shop , dealer will supply u and u will pay back after sale’s, u can sale concrete blocks without u have factory. u need applied knowledge to make money in Nigeria economy. my advice is that go and read books writing by entrepreneurs not ur theory professor that don’t known practical aspects of business, I am OK, and even build my first house before finished NYSC. u to can succeed without white collar job follow man like owner of this site.

    Reply

    • Mayowa June 23, 2018

      Thanks so much for dis advice, pls about the cement biz, which dangote or elephant cement company can I visit and will they give the goods to me without paying any money? So that wen I finish selling I can pay back and remove the interest on it? Pls enlight me more on dis… Thanks so much

      Reply

  • Musa Aliu May 21, 2016

    Thanks Mr Darlington. I found this post inspiring, I wish many Nigerian could be like you where selfless service will be there watch word. God bless you and your family. Please,I’m interested in that “selling of Tokunbo shoes” pls.which of the above listed markets do you think will be the best for a beginer like me?

    Reply

  • SUSAN June 8, 2016

    and tokunbo cloths too.
    And where to by packing shirts for men at cheap price in lagos.

    Reply

  • flemmy June 14, 2016

    Thanks so much Mr Darlinton , I am very greatful and you seems to be very different from others but Please i really need your Advice so much and i will be glad if i can have a way of communication Sir , I am highly interested in Learning the Soap Making and others of your Products too . I believed that i’m Highly Loaded with Business Strategies but you seems to be a very good man and Will go extra miles to make you my Perfect MENTOR SIR , Please i already write you up before but didnt have any replied , Please sir Kindly reply me , God bless you sir .

    Reply

    • enkay June 21, 2016

      You can also start ok cloths bail business with 50k

      Reply

  • Esther July 16, 2016

    Tank u so much sir. Where can i get wholesales packing shirts to buy n sell

    Reply

  • patrick damian May 18, 2017

    Nice job sir, thanks for this beautiful write up, pls keep it up..

    Reply

  • Eco Freeman August 30, 2017

    so inspiring. I’m grateful

    Reply

  • Michael Austine August 31, 2017

    Thanks for Helping people make progress financially. Teaching us to be independence. You re bless beyond Measures. I also love to help people make progress like u. pls I need ur advice on how much it cost to start up a blog, so I can help people too.
    Thanks

    Reply

    • Darlinton Omeh August 31, 2017

      Thank you for appreciating. You don’t need to start a blog to help people because running one is certainly not easy. You can help people by contributing your knowledge here. Write articles and send to us, join in the question and answer on the home page. Help people by answering their questions.

      Reply

  • Amadiegwu japhet September 17, 2017

    wao so happy,it really help.it’s a nice one

    Reply

  • Lilian November 22, 2017

    Wow! that’s interesting I mean i drive more Joy when i go through this an I found out that there are so many things to do that can fetch one money…Thank you for showing me this ways..keep it up an God will continue to Bless you.

    Reply

  • kunle December 13, 2017

    Good work sir, I am just going through net to see what kind of business l can lay my hand on this coming year. I like to go into export our local foods. Sir, Weldon for this you are doing a good job keep it up.

    Reply

  • Zeal K. Zeal. January 12, 2018

    Sincerely this boost my moral. I’m full of business ideals but how to start is my problem, what do I do.

    Reply

  • Daniel Sunday February 10, 2018

    All I have to say is a very gigantic THANK YOU!!

    Reply

  • Chinenye okoro February 14, 2018

    Nice one bro….. I heart you brotherly

    Reply

  • IBRAHIM M GOMBE March 25, 2018

    WHAT OF DETERGENT MARKETING?

    Reply

  • Yemi March 30, 2018

    Please I want to know what to sell. Am still working and I don’t come back until 5pm. I have a shop in front of my house.

    Reply

  • Thanks! but how about making perfume and detergents?

    Reply

  • Stelly July 26, 2018

    Your fountain of wisdom, knowledge, and blessings will never get dry. God bless you

    Reply

  • Chuks September 12, 2018

    Waooo, tnkz sir, i realy learnt. God bless.

    Reply

  • Janiyifarm September 28, 2018

    Where to get farmland for leasing in Abeokuta

    Reply

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