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20 businesses you can start with 20,000 naira that will be giving you 100,000 naira monthly


There are companies that you can start with as little as N20,000, but if you have no idea what to do with 20k, you will surely think that starting a small business is the hardest thing to do.

No need to think like that,

Olanrewaju Salu, a Lagos-based real estate agent and entrepreneur, recently shared some great business tips on Twitter and many praised him for sharing such amazing business ideas.

So if you’ve always thought about having a small business, money and ideas shouldn’t be your problem again. Just check your bank account, if you find N20k that you will not be able to use soon, you can start a profitable business that will give you real financial freedom. Here we come.

1. Production of sheets / beds

Take a visit to Lagos Island, or Oshodi, where they sell material in bulk, choose good models and tell you that those guys who will sew it for you are in the Market itself. You can start to increase less than 100 kilometers and diligently increase your money.

2. T-shirt production

A good side rush. There are tailors on the island of Lagos or better yet learn the skills that will save all your imaginative hearts. Taiwo Road, Lagos Island, is where you need to be. Materials ranging from 700 to 1k per garden, sew 1500 / 2k, are sold between 5-7k.

3. Sale of men's boxers

Plan a trip to the Aba market, the cost of producing boxers, you can get one for as little as N300, all you need is to pack it in 3 years, and show these babies how to properly order your friend excited for RT, we buy 3 packs boxers for 1500-2500 sells his for 1200 gradually increase.

4. Payments with E-and POS Business

You can get a POS machine from your bank and activate online banking: if you live in a country where banks are not so much, you can manage electronic payments for people and make your small change. I paid someone N200 to withdraw 10k to Ikorodu. The ATM queue was crazy.

5. Mobile and electronic accessories

Mobile and electronic accessories, such as cassettes, chargers, USB cables, HDMI cables, headphones and more, can be used with Alibaba, Ali Express, Deal Extreme and more. The more you buy, the lower the price. And they are lightweight, so transportation won’t be a burden. Sold here or Friday and together.

6. Popcorn

We all know this guy! We buy every time. Corn Bag - Mile 12, brand of nylon, sugar, salt and butter. The beauty of this is that when done correctly, its aroma will attract its customers. Manual signature machine -7 / 9k. The popcorn machine is 65k on Jumia. Popcorn popcorn can be served anywhere.

7. Sales and customizing of the football team

Football team fans always want to show how much is rooting in a team. Check out my sister @The_Ronke. It will show you how well you survived the business. She is also happy to train him.

8. Snail farming

Snail farming in Nigeria is even more popular due to its relatively cheap initial cost and If you trade your products well, your business will prosper. This is a business you can start from your backyard. At best, snails take almost a year to ripen for Patience to be the key!

9. Goods used correctly

Use products such as jeans, T-shirts, T-shirts, shoes, etc. They can be purchased in Badagry, even in Cotonou. 100k can’t get you a ball, but you can grab them and shuffle them. Wash and pack perfectly. Marketing is all you need, you will sell and you will see your money multiply.

10. Cleaning services

Some people have trouble cleaning their apartments as they are busy Monday to Friday and on Saturday they are engaged and on Sunday they just want to rest. Your tools will not cost up to 30 km and you will be able to clean 6 apartments on weekends.

11. Cooking and home delivery

You can cook a variety of meals and apply customer service. People will pay good money for your services. You can direct them from home, oSoup_A_Market and arrMarrgarritah are more than capable when it comes to your training on how to get started.

12. Digital marketing

The success of any business lies in its ability to effectively reach its slow customers and this is achieved through effective marketing: Get a used laptop and a smartphone, temporarily your smartphone will be can double as your Sustainability and Passion Hotspot is Keyelësi.

13. cakes and pies

This is a business that always comes into play, people celebrate, and the oven is always advised. Ask my chef here @mycreamydelight Get the skill you need, a good oven, passion and customer service! You will grow! They are also open to training.

14. Aso-Oke beading and stones

Cutting and stoning Aso-Oke is all the rage now, and this is another sweet business that can start with 100k. Just learn how to shave and unlock your creative mind. Ask my question @ wuragold2 Girl also Oke. She testified from the confines of her home to IB.

15. Bead making

I’m not sure there’s much to say here. All you need is training, passion, creativity, unique models and styles, and then proper marketing. You absolutely don’t need 100k to get started.

16. Home service hairdresser

This is another lucrative business. The nice thing about this is that you bring your services to your customers to get an extra poster on a regular basis. Initial capital to get the equipment and I’m sure we know we have rechargeable clamps.

17. Lessons

Regardless of your age, this is another job that pays well, either part-time or full-time. Many families are willing to spend what they need for the success of their children and there is an issue for which you are very capable. Just close the gap, satisfy your need to pay.

18. Internet services

Forget about the extensive internet coverage and the fact that people can rate it on their phones. Do you know how much applicants pay just to complete Jamb’s online applications? You need a good system, printer and ISP. People pay up to 1 thousand per application.

19. Production of Zobo, smoothies, cocktails, small pieces, cupcakes and chinchin!

You would understand the importance of this combo which cannot be ruled out. You can do these services with 100k start-up capital + proper marketing, branding and packaging. @aisinshugga ojaDoCulinary can train you.

20. Manufacture of handmade cards

You knew people pay good money for these paper and strawberry things. This is a business you can start with less than 100k. My friend raftCraftsVillageNG started from her bedroom! And his cards went far.