7 Small Businesses you can Start with ₦5000 Nigeria Now

 

Nigeria is a great country lacking good leaders that terminate youth financial empowerment completely while there are no good-paying jobs powered by government, this has lifted poverty in the country by 20%.

We have noticed about 70% of Nigerians want to start their own business due to lack of jobs and youth empowerment, that’s why we put together this article of business to start in Nigeria with #5,000 or #10,000 Naira.

One thing you must know is that No matter how small you think a business can is if you apply the right and revealed principles of marketing, I assure you it’ll grow and start generating millions for you.

This list of business will help you to get started to the extent of standing big in the industry of entrepreneurs.

All the business ideas listed on this post are businesses that someone can easily start with 5000 Naira to 10000 Naira, so its nothing to fear cause it won’t break the bank.

8 Small Businesses to Start in Nigeria with 5000 or 10,000 Naira

1. London Used Cloths (OKRIKA)

 

Okrika is cloths that are been used outside the country that was imported into Nigeria by some importers. About 48% of Nigerians wore Okrika but you won’t know because they are first-class Okrika.

The facts are that you won’t be able to differentiate Okrika and ready-made if joined together. Many boutiques in Nigeria stock their shop with Okrika and sell them at a higher price.

Starting this business is a good idea for Abuja residents and some popular places residents.

This is the most currently moving business in Abuja which the young youth venture into, and it yields a good amount of money.

This business doesn’t require the shop to start with if you don’t have the cash, no worries.

If you have been to Abuja or live in Abuja then you should understand better why you don’t need a shop to start Okrika business.

The people in this business are merely found in popular areas of Abuja such as roadside and under bridges, All they do is arrange the cloths on top of wide nylon or table.

This business doesn’t even require a full day and won’t disturb you from your other daily activities.

The main appropriate time for this business to start is during the evening when workers are returning from work at (4:30 pm-7:30 pm).

Buying Okreika cloths set, cost from #10,000 to #20,000 and you could find more than 200 pieces of cloths inside a complete set.

The people selling these cloths sell them from the rage of #500 to #1200.

Now if you have a set of clothes bought for #10,000 and find 200 cloths worth of #500 each,

How much will be your profit?

if we should calculate it 500 x 200 = #100,000 – #10,000 which you bought it = #90,000 – #4,000 for transportation = #86,000 wow definitely you will make #85,000 profit in less than two weeks if you are smart and God is in your side.

2. Pure water/bottled water business

If you are living in a popular location such as Abuja then pure water business could be a very good option, this business doesn’t require a lot of start-up capital.

You can start with just #3000 to #5000 you can start this business in a stable way.

You don’t have to hawk yourself.

All you have to do is meet with those people selling pure water/table water along the road and tell them that you are willing to sell to them at a lower rate from the normal price they are buying.

Even you can get those jobless beggars in your area to hawk this sachet pure water for you and on every bag sold they get N50 naira on it while you keep the rest.

Afford their lunch, and try to be kind to them, get them a hocking bowl.

You can include table waters and canned drinks such as malt drink etc. those people hocking sell more than 20 bags of pure water daily if God is for you.

You can get as much as hawkers up to 10 or 15 of them to be selling for you on different location in Abuja, you will be making up to #3000 from this business daily, it highly better than begging or being jobless.

The cost of pure water at wholesales is currently #80 naira per bag.

3. Buying And Reselling.

This is one of the business many people don’t know much about in Nigeria, There are only a few people in this business and they are really making it.

This business is profitable more than you can ever think and the good part of it is that you don’t have to undergo factory working stress.

No shop is needed, this business requires a start-up capital of up to #10000 naira or above depending on the item you will be dealing with.

How is it done?

This business is the act of sorting for items to buy online and sell them again online.

The profitable side of this business is buying already used properties that you can resell and make good money. Phones and computers are the main target items of this business if would like to make a good amount of profit.

The secret is that, so many reasons prompt people to sell their current mobiles or laptops, some reason is because of urgent needs for money to solve other issues that is more vital to them than their property.

Therefore they will put that property for a very cheap price to be able to get a buyer faster.

All you have to do is meet with the seller and confirm that the item is working 100% perfectly and also be sure the property belonging to him/her.

Buy items and re-post it for a higher amount of #10000 naira more profit.

The best place to do this business is Olx.com,

jiji.com and you will be able to sell that item as fast as even that the same day or the next day.

Keep repeating this until you could be able to rent your own shop.

It a cool business and some wise entrepreneurs are really making it great with this business now because it is still very new in Nigeria.

4. Noodles preparation business

This business doesn’t require much money to start, you can start with a small amount as #2000 to #5000 depending on how you want it to look like.

This is an act of preparing noodles, using bread and egg, it doesn’t have to look like that of local once the Hausa guys in your area do.

You can make a neat place for it, build it around with planks or plastics cover then wrap the body up with wrappers, ta-poling or what so ever that will make it acceptable and very neat.

You can be doing this business in an advance way whereas using take away parks.

You can also be supplying to office workers of that company in your area at their break time.

In a short while, you will have their contact and they will be calling you to bring for them.

This business is at a medium level lucrative if you give it time and try to do it in a modem way, you can be earning #4000 to #5000 daily from it.

5. Mini meat pie production.

This business required #10000 naira and above if you don’t have it requirements yet.

The requirement to start the business are

1. Oven

2. Pot or Frypan

3. Flower

4. Sugar

5. moiling board

6. Rolling wood

7. Stove or electronic cooker or gas cooker

Most of these requirements listed above are not cost to get, the only expensive item there is the oven.

The good thing is there is now a mini oven you can get as low as #3000 and it very perfect for a start.

You can start this business right from your home without a need for a shop, all you need to do is meet with fast foods and those people selling meat pie and egg rolls along the road.

Offer to be delivering your product to them at a cheaper rate of #20 Naira from the normal price they use to buy, treat them very well and hold the customers.

Collect their number and always call them to know when they will be needing meat pies.

I know of a lot of people who started this business with this method, they now have a bakery of their own and buses which they use for delivery now.

6. Liquid soap production.

Today many people now venture into liquid soap production business because of it easy and selling faster, people use soap every day, and there is this nameless new popular liquid soap with green color mostly.

This soap is produced locally and doesn’t require much start-up capital, it is very possible to start this business with just #5000 Naira.

Before you start this business firstly it recommended that you meet with your neighbors and tell them about your new idea and when you will be starting production.

Tell them you will be supplying them at a low rate from the normal price they use to buy.

If you are making #50 Naira from each soap you sell and you are able to sell 20pcs of soap daily then you will be making 1000 Daily, you can also inform some retailers to be patronizing you.

This could not be a source of good living but you can be able to gather some good amount to start a better business from it.

And it much better than begging or stealing.

7. Daycare center business

Nigerian needs for good managing childcare service is increasing.

Though there are many daycare centers out there, If you can come into the field with exceptional service and creativity, you will surely be making money from this business.

You don’t have to start with setting up a daycare service, you can easily start this business right from your home.

Those who lack the capital and experience to set up a full-scale childcare center can still make a profit of this area of business by starting a small scale Nanny agency or babysitting service.

Some other small businesses to start in Nigeria are ;

•Real Estate Agency.

•Proposal writing.

•Information Marketing.

•Selling Fruits.

•Web publishing.

•Selling honey.

•Freelance marketing.

•Home tutoring.

•Freelance writing.

•Affiliate marketing.

•E-books publishing.

•Crafts business.

•Bead making.

•Exercise Instructor.

•Business plan writer.

•Carpet Cleaning and car washing.

•Aerobics Classes.

•Corporate Cleaning Services.

•Dance Instructor.

•Computer instructor.

•Graphic Designer.

•Mobile Phone Repairs.

•Web designer.

•Charging of car and phone batteries.

•Cooking service.

•Time management consultant.

•Cosmetic sales.

•Event Management.

•Employment Agency.

•Event Planner.

•Hair Stylist.

•Facialist.

•Freelance photographer.

•Make-up Artistry.

•Food Delivery service.

•Greetings card.

•Information broker.

•Interpreter/translator.

•Mailing list service.

•Foreign Language Teacher.

•Music lessons and so much more…