Considering capital, starting up a business can be confusing sometimes. Some require capital up to millions, some hundred of thousands. You don’t always need billions and millions to start up a profitable business. In this post, we have highlighted 7 profitable businesses you can start with 20K in Nigeria
1. Shawarma/Barbecue Business
Shawarma is consumed daily. Many persons like eating barbecue or shawarma while drinking in a beer parlour and also like buying for their family. The right place for this business is a front of a beer parlour or club. It takes only learning the right skill and some little equipment to start the business
You can start a shawarma or barbecue business with as low as 20k.
2. Fish farming
You can start with a plastic pond of about one hundred litres. You can venture into a hatchery whereby you only sell fingerlings (baby fishes).
Fish farming is not hard as it doesn’t take much of your time. The fish market is readily available. This business is very lucrative. With as low as #10,000 you can make up to 50,000 Naira in your first production.
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3. Sales of poultry products:
Sales of poultry products is lucrative because the market is very much available. You can go into sales of poultry products. You can buy and sell chicks, chicken, and/or eggs. With as low as 20k, you can become a supplier of poultry products to restaurants, schools, and organizations that business poultry products.
However, if you are interested in producing your own poultry products, you can find out how to start a poultry business in Nigeria
4. Car wash
Many filling stations are looking for an individual to make use of their carwash. You don’t have to pay for this space which sometimes comes with necessary tools and machines peculiar to a car wash.
All you have to do is to remit a certain percentage you both agree on. Some car markets also offer this same deals to hardworking individual
5. Dry cleaning services
We cant mention profitable businesses you can start in Nigeria, without including Dry cleaning services. This is a very lucrative job that is not capital intensive. You can start this business right from your home with little capital. If you don’t have money for a washing machine, use your hand for the washing and iron them.
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6. House Agent
People change apartments every now and then. For diverse reasons, new tenant would be coming in, as old ones are leaving. You can capitalize on this sure phenomenon to start a profitable business. All you need are just a mobile phone and an ID card and less than 10k, to acquire contacts of various landlords.
7. Plantain Chips Business
People enjoy eating plantain chips, people eat this every day, it a chip that is common everywhere. This simply means, there is a market waiting for you if you start this business. You can start this business as a company by packaging it in an advanced way and putting labels on it.
If you do it right, retailers will keep coming to buy from you every day to resell. You can start this business with as low as 10k and good plantain frying skills.