10 Businesses you can start with 200k in Nigeria
A good number of Nigerians are willing to start a small-scale business but the only problem they may be facing now is the lack of capital.
Starting a small business in Nigeria is a gradual process, that requires some preparation and arrangement. You don’t rush into it, as it requires some strategic planning and proper financing.
Related; Most profitable business in nigeria with low capital
That doesn’t mean you need lots of money to start a small-scale business, with as little as 150 to 200k you are good. In this post, we will help you choose from our list of 10 Businesses you can start with 200k in Nigeria.
Before you can think of starting a business, you should consider this;
- The business ideals
- Planning
- Finance ( Capitals)
- Executing
Once you have taken care of that, then you are good to go.
And that is true as you need capital to start any business venture you have in mind. But the fact is that you don’t need much capital to be able to start a small business in nigeria.
You can easily start one of the most profitable businesses in nigeria with just only 200K. 200k may seem like a small sum of money to some people, but in this post, we will help you discover the 10 Businesses you can start with 200k in Nigeria.
Nigeria as the most populated country in Africa with over 200 million citizens is home to many business options and opportunities. Many of these businesses are so profitable that they can pay you more than what your 9 to 5 jobs are paying.
This post will show you how to start a small lucrative business in Nigeria with just 200k or less. You can easily start one of them and become your boss.
10 Businesses you can start with 200k in Nigeria
There are lots of business options and opportunities you can start in Nigeria with just 200k or less. So why stay idle when you can make good use of your time and knowledge to start a small-scale business?
Some of the business ideals that will be listed here can be started with only 200k or less. So why not start a small-scale business?
1. POS / E- payment business
Pos business is one of the businesses you can start with less than 200k in Nigeria. It is less stressful and easy to commence.
The POS business is very lucrative in Nigeria as you can be making up to 10k daily by withdrawing and depositing money for other people.
Starting a POS business is quite easy and simple. You should apply for the POS machine from your bank. Or better still buy from someone else who has a fairly used one. But be careful of who you buy from.
To make lots of money from your POS business you should be in a strategic position,
2. Recharge card printing business
Recharge card printing is one of the 10 Businesses you can start with 200k in Nigeria. Printing and selling of recharge cards are one of the most profitable businesses in Nigeria reason being that it’s an everyday business.
With as low as 200k you can start a recharge card printing business in Nigeria. Selling it to all phone users either retail or wholesale.
To start printing recharge cards you need to apply to any big recharge card printing company. and once you are been verified then you can start printing a recharge card for sale to other phone users.
3. Production and sales of Ice block
Many small business owners can’t afford to buy a refrigerator or even those who have the fridge have no access to electricity
This business is quite lucrative and requires little or no capital to start, all you need is a deep freezer, electricity and clean water.
If you are planning to start this business, it’s good you create awareness so that people can relate to you.
4. Poultry farming
Starting a poultry farm in Nigeria does not require lots of capital, as you can start with as little as 20k. That will be enough to buy a few chickens and some bags of feed.
The poultry business is easy and economical, as you don’t do much work, unlike other businesses. For the feed, you can source for local feeds, such as leftover foods, and even raw Garri.
5. Supplying Eggs
This is one of the best 10 Businesses you can start with 200k in Nigeria, it’s better if you have a poultry farm.
As eggs are now in demand, you can supply the eggs to different households and even to many hotels. With this, you can be making some cool cash for yourself.
5. Hair salon
If you are good at plaiting and shaving people’s hair, then you should consider starting a hair salon in your area.
The hair salon is one of the most lucrative businesses in Nigeria at the moment. Once you know how to either plait hair or even to barb because everybody wants to look neat and attractive.
To make money you should be in an open place where people can easily find you.
6. Dry cleaning services
People are more busy with work and other things that they may need someone to do the washing for them.
This is where you come in because not everyone has the time to do their laundry. They prefer to take it to the laundry man.
Starting a dey cleaning company is quite profitable and easy to start. You don’t need high appliances to start. You can wash with your hands and hand brushes at the moment. When you have made enough money then you can buy a washing machine.
7 Photography
Photography is one of the most profitable 10 Businesses you can start with 200k in Nigeria. Every week many events take place, so you can’t be out of work.
Just like we have promised you don’t need much to start this business. With a small amount, you can get your camera for taking pictures and a laptop for editing.
8. Food stuff Retailing
We can’t list the 10 Businesses you can start with 200k in Nigeria without mentioning the food business.
Food is an essential commodity because no matter the weather or condition you must eat. Making this business a daily business that doesn’t have any season.
Selling foodstuffs such as Rice, Garri and other household food materials at a retail price is another profitable business you can start in Nigeria. Whether you are a man or woman it suits everybody.
To start you must, first of all, rent a shop, to keep your foodstuff safe.
9. Start a football viewing centre
Football is one of the most watched sports in the world. Not everybody can buy a DSTV, so they will watch all the live matches.
With 200k or less you can start a viewing centre where people can pay you to watch live matches.
On weekend you can make up to 10k per day as some places in Nigeria now charges N100 per match in the viewing centre.
To start this business you should rent a hall with long benches, and make sure you install a large screen plasma for easy view. Once this is done, you should start advertising by writing the matches out so that people can see them.
10. Mobile Charging Business
In Nigeria we don’t have constant electricity, so opening a mobile charging centre is a very lucrative business which you can start with less than 200k in Nigeria.
Due to the poor nature of electricity in the country, many people are always looking for means to power their phones. You can start the mobile charging centre in your house or even rent a small kiosk.
Many people will pay to charge their phones and torch. This is not only available in rural areas, many people in the city are doing it
Conclusion
You don’t need to have up to 1 million nairas before you can start a business in Nigeria. With as little as 200k you can start a small-scale business which can later fro into an empire.
This post covers 10 Businesses you can start with 200k in Nigeria, and the details on how to go about them.
We have saved you time by giving you the list of profitable 10 Businesses you can start with 200k in Nigeria.
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