10 business you can start with 100,000 naira
With the current rise in unemployment and lack of job opportunities, there’s been a rise in the thought among individuals to Begin thinking outside the box of getting a regular 8-4 job, now self-employment is key to surviving the current harsh effect of the economy in Nigeria, a common question everyone asks it’s how much is enough for one to kick start his or her own business, the answer is there is no right amount to start a business, once you have the needed amount of money to get you the fundamentals you can kickstart a business of your own choice.
The desire for financial independence, flexibility, and the chance to turn passions into profits has made many people move into the world of business ownership.
Contrary to popular belief, starting a business always requires a large sum of money. There are numerous business ideas that you can start with just 100,000 naira. With as little as you may think 100k is, as an upcoming entrepreneur you can kickstart ventures and gradually scale them up over time. In today’s article, I will share with you 10 businesses you can start with 100k, let’s begin.
1. Event Planning for Small Gatherings:
Whether it’s a birthday party, anniversary celebration, or a small corporate event, people often seek professional assistance to ensure their events are memorable and look eye-catching, currently, there’s a rise in demand for well-executed events, nowadays everyone needs an event planner who can cater for a small gathering. Planning events based on a specific budget can be a very challenging task, but with the right strategies and creativity, it is entirely possible. As an event planner for small gatherings, you need to work closely with clients and pay attention to their vision and budget limitations. By having open and transparent communication, you can identify cost-saving opportunities and alternatives that will align with their expectations. As an event planner focus on the most important aspects of the event that contribute to the overall outcome. Allocate the majority of the budget to important elements, like venue decor, and food, and choose a venue that provides a unique atmosphere and can help reduce venue expenses significantly. In the event planning industry, creativity and attention to detail are important factors in becoming successful. As an event planner for small gatherings, you must think outside the box to deliver unique experiences that leave a lasting impression on clients and their guests. The ability to understand your client’s expectations, work within their budget, and deliver a memorable experience will set your event planning business apart from the competition, and remember you can become an event planner with a start-up capital of 100,000 naira.
2. Online food vendor :
The online food vendor is something you can consider to start with a minimal Capital of 100k, thanks to the presence of social media you can cook from. your kitchen and most online to get potential clients, many people who belong to the working class barely have time to sit down and cook for themselves, so the idea of an online food vendor is rapidly becoming a trend.
While starting an online food vendor business may seem so easy, you must be aware of the legal and safety considerations involved. Make sure the food you comply with health and safety standards to ensure consumer protection. You mostly spend on getting food items and means of delivery to clients, always know that to attract customers you must package your food neatly and have good kitchen hygiene. By capitalizing on the rise in demand for food vendors, your online food vendor business, With minimal capital investment, dedication, and creativity, can become a thriving business.
3. Selling of homemade drinks:
Another business you can consider starting is to begin to make homemade drinks, like fruit juice, tiger nut, and zobo, this kind of business is very seamless and you can start with a Capita of 100,000 nairas, you will need plastic kegs, fruit mixers, and blender for a start, a good advantage is that you can start this business without having a physical shop, you just need to make some samples and display on different social media platforms. Remember hygiene and packaging will help you attract customers better.
4. Footwear selling:
One thing that remains in popular demand is the use of Footwear, footwears are very essential in day-to-day activities for everybody, the footwear industry is big for everyone come and join and start making a profit from it, you can start by re-selling a simple slide-in footwear before expanding to others and a hundred thousand naira can get you started.
Starting to buy from international manufacturers will cost you a lot so preferably work with local footwear designers, go for something solid and trendy, and leverage the advantage of social media to catch customers.
5. Chops and snacks:
Every day people consume snacks like, chin-chin, peanuts, and chops, if know how to make these fries and chops, you can easily start up a venture, considering that you can also use minimal Capital like 100,000 to kickstart it will be nice business for a new entrepreneur. You will need few cooking utensils and make sure to practice good hygiene and excellent packaging to attract customers, you don’t need to have a physical shop as you can take samples to people in the working environment or school environment and gatherings, and you can also display them on social media platforms.
6. Re-selling of jewelry beauty accessories:
Today one business most young people delve into is selling jewelry and other beauty accessories, it is lucrative because most people don’t have the time to go to a shop to purchase these items, due to very tight schedules. You can buy simple jewelry and beauty accessories from wholesalers and place them.on your social media platforms to display to potential customers. You need to be able to identify and purchase durable jewelry and to spice it up you can go for trendy ones. This is a business you can start successfully with 100,000 naira.
7. Online clothing vendor :
The fashion industry is a very big business to start due to its demand rate, everyday someone needs a new dress a new one always looks better than the one they have and they want to buy it immediately, with 100,000 naira you can start selling wear as the tee-shirt night wears, and other simple outfits, you don’t need to go for something really expensive, go for quality wears with a good price to sell out quickly, it’s not compulsory to have a shop as you can take samples to gatherings or show it to friends and love ones must time family are our first customers, you can also market on your different social media platforms.
8.YouTube Channel and Podcast Business:
Starting a YouTube channel or a podcast can be a great way to make money from your knowledge, expertise, and creativity. You can talk about trending topics, and teach people how to do something on YouTube. You can start by Identifying a specific niche or topic that you are passionate about and have a deep knowledge about This will help you stand out in a crowded online space. With 100,000 naira you can get audio or video equipment to produce professional-looking content. Regularly produce high-quality content to maintain viewer or listener engagement. Once you have gained a significant following, monetize your YouTube channel or podcast through various methods such as advertising, brand partnerships, and sponsored content.
9. Dropshipping and E-commerce:
Drop shifting is just another way for reselling items online to start you have to Identify a niche or product category that has a high demand in the market. Research trending products, analyze competition and choose suppliers who offer dropshipping services. Then Create an e-commerce website using platforms like Shopify, WooCommerce, or Etsy. Customize your store to reflect your brand, and optimize it for user experience and conversions you can do better with paid features which can be handled with an available 100k capital. As your dropshipping business grows, consider expanding your product range and establishing your private label.
10. Snail farming:
Another business one can start with 100,000 naira is snail farming. Snail farming is also known as heliciculture. One of the big advantages of snail farming is its low capital requirement. Unlike traditional livestock farming, snail farming does not demand vast expanses of land or expensive infrastructure. The initial investment primarily involves setting up a snailery, which can be as simple as constructing wooden boxes or wire mesh enclosures with loamy soil. This makes it an accessible business opportunity for individuals. Adding to that their feeding is very less expensive they mostly feed on leaves and fiber which you don’t have to spend thousands of naira to purchase, Snails have a relatively slow growth rate, so patience and consistency are key to success in this venture. By understanding the basics of snail farming, selecting good species, and ensuring proper care, one can successfully establish and grow their snail farming business. Remember determination and patience, is the way to financial success.
Starting a business with 100,000 as capital is very possible, also note that Working with social media will help you foster any business you’re planning to go into, I encourage entrepreneurs to always leverage the advantage of social media as a promotion tool to boost their business. Make sure to maintain discipline and avoid greed knowing your capital is minimal go full small or medium scale before expanding to large scale, and before going into any business carry out your research and ask people who are into the same business for some advice this will help to ensure you plan properly and your business goes as planned. With dedication and strategic planning all, these businesses can grow and thrive, offering financial independence and personal fulfillment to those who embark on this each of the business opportunities we discussed in today’s article.