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Business I Can Start With 20k
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20 Small Business Ideas You Can Start With $20,000 Or Less And Make Big Profits!!! by girlfromafrica at 1:39 pm on August 19, 2016
There are hundreds of small businesses that are thriving in Nigerian society today. Some of these small businesses are already giving hundreds of thousands of naira to your neighbors and colleagues.
Time to wake up and smell the coffee! Instead of waiting all year for a white-collar appointment that might never even come, here are 20 small businesses you could start with little capital while you wait for your dream job. You can start all these businesses with 20,000 naira (about $70) or less.
The recharge card you use is mostly not printed by the big telecom giants you subscribe to. They are printed by everyday people like you. If you do your research right, you can start this business with as little as 20,000.
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A large number of Nigerians cannot afford to buy new computers, laptops or televisions. You could open a shop that collects used laptops and TVs and then sell them at a higher price, after refurbishing them. Don’t see it as difficult, many people are already doing it. The first step is to get a shop or space, the rest comes with diligence.
Like the small business above #2, this one involves little or no skill. Anyone can participate, including students. Return on investment is almost guaranteed. Again, diligence is key. However, I advise you to do a thorough research on how to tell the “good market” from the “bad market”.
The internet cafe has gone out of style, it’s true. But students still need to register for JAMB, WAEC, NECO, post-UTME etc. People who are not digitally literate also have to register for various things online including the all important national passport. This is where you come in. This small business can be started in the corner of your house.
During the harvest season in Nigeria, foods such as beans become very cheap. You can take advantage of this and buy, store and preserve them to sell during the planting season. First you need to have space for storage.
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Rice, especially local rice and garri, is cheaper in some states of the country than others. You could start a business buying and selling these foods with as little as #20,000. However, you have to commit to making it work as it requires a lot of logistics.
Small-scale fish farming is easy to start and requires low capital. You can start it right in your backyard with a large basin, few fry that can fit in it and food for the fish. However, I advise you to do some in-depth research first.
Like fish farming, small-scale snail farming is also lucrative. However, it requires you to take your time to understand how it is done first.
This one requires some skill, but also promises a high return on investment. You can start this with a few chicks and a makeshift cage in your backyard.
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“My best advice to entrepreneurs is this; forget about making mistakes, just do it.” – Ajaero Tony Martins
#Tip: These small business ideas require planning and a lot of patience to turn into profitable businesses. Don’t be afraid to fail, do it!
No matter how many dry cleaners there are, more are still needed. You can start with dry cleaning at home for the neighbors. Get a business card and hand it out. Start with hand washing if you don’t have a washing machine; no one cares as long as their clothes are clean, ironed and smelling good. Make your business stand out and you’ll stand out.
Re: 20 Small Business Ideas You Can Start With 20,000 Or Less And Make Big Profits!!! by ReneeNuttall(f): 2:09 pm on August 19, 2016
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Re: 20 Small Business Ideas You Can Start With 20,000 Or Less And Make Big Profits!!! by Nobody: 17:59 on August 19, 2016
Re: 20 Small Business Ideas You Can Start With 20,000 Or Less And Make Big Profits!!! by MrBlazy(m) at 9:29 pm on August 19, 2016
Rent a shop with the number 20,000 and start selling very used TVs? Op, please go back and do your homework properly.
Re: 20 Small Business Ideas You Can Start With 20,000 Or Less And Make Big Profits!!! by girlfromafrica: 9:35 pm on August 20, 2016
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: Rent a shop with #20,000 and start selling very used TVs? Op, please go back and do your homework properly.
You can sell in an online store or rent an open space. The last time I tried to rent an open space in Lagos the charge was a little over 1k per month
Re: 20 Small Business Ideas You Can Start With 20,000 Or Less And Make Big Profits!!! by winnah(m): 8:41 am on August 21, 2016
: There are hundreds of small businesses that are thriving in Nigerian society today. Some of these small businesses are already giving hundreds of thousands of naira to your neighbors and colleagues. Time to wake up and smell the coffee! Instead of waiting all year for a white-collar appointment that might never even come, here are 20 small businesses you could start with little capital while you wait for your dream job. You can start all these businesses with 20,000 naira (about $70) or less. Technology companies no. 1 Recharge Card Printing The recharge card you use is mostly not printed by the big telecom giants you are subscribed to. They are printed by everyday people like you. If you do your research right, you can start this business with as little as 20,000. #2 Selling Fairly Used Computers and TVs A lot of Nigerians cannot afford to buy new computers, laptops or TVs. You could open a shop that collects used laptops and TVs and then sell them at a higher price, after refurbishing them. Don’t see it as difficult, many people are already doing it. The first step is to get a shop or space, the rest comes with diligence. #3 Sell Fairly Used Phones Like the previous small business in #2, this one involves little to no skill. Anyone can participate, including students. Return on investment is almost guaranteed. Again, diligence is key. However, I advise you to do a thorough research on how to tell the “good market” from the “bad market”. The mini internet cafe number 4 The internet cafe has gone out of style, it’s true. But students still need to register for JAMB, WAEC, NECO, post-UTME etc. People who are not digitally literate also have to register for various things online including the all important national passport. This is where you come in. This small business can be started in the corner of your house. Food companies no. 5 Storing and Selling Beans During the harvest season in Nigeria, foods such as beans become very cheap. You can take advantage of this and buy, store and preserve them to sell during the planting season. First you need to have space for storage. #6 Buying and Reselling Rice or Garri Rice, especially local rice and garri, is cheaper in some states of the country than others. You could start a business buying and selling these foods with as little as #20,000. However, you have to commit to making it work as it requires a lot of logistics. Livestock #7 Fish farming Small scale fish farming is easy to start and requires low capital. You can start it right in your backyard with a large basin, few fry that can fit in it and food for the fish. However, I advise you to do some in-depth research first. #8 Snail Farming Like fish farming, small-scale snail farming is also lucrative. However, it requires you to take your time to understand how it is done first. #9 Poultry This one requires some skill, but also promises a high return on investment. You can start this with a few chicks and a makeshift cage in your backyard. “My best advice to entrepreneurs is this; forget making mistakes, just do it.” – Ajaero Tony Martins #Tip: These small business ideas take planning and a lot of patience to turn into profitable businesses. Don’t be afraid to fail, do it! Service Businesses #10 Dry Cleaning No matter how many dry cleaning shops there are, more are still needed. You can start with home dry cleaning for neighbors. Get a business card and pass it out. Start with hand washing if you don’t have a washing machine ;
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