Thursday, November 19, 2020

HOW TO START LUCRATIVE BUSINESS YOU CAN CHOOSE TO START WITH N40,000 THAT ARE CAPABLE OF GIVING YOU N100,000 MONTHLY.

 Starting a business in Nigeria can be difficult if there is no capital to start. People are full of wonderful ideas, entrepreneurial spirit and want to start a business here and there. In another effort to get it all started, many people have continued to get the loan, although there is not much source of loan available and if it exists, the interest rate is not favorable.

As an entrepreneur, there are important things to keep in mind before talking about start-up capital. Neglecting the basics can be the same reasons you won't be able to start your own business.


 

What about starting a low capital business without a loan? Many entrepreneurs, possibly most, start with little capital when starting their business. So if you have money to invest, you are at the forefront of the game. Instead of thinking about ideas I don’t have enough money. There are many businesses in Nigeria, with a level as low as 10k, 20k, 30k, 40k, 50k. And of course, you can look for something that needs more money if you can. In this article, I am going to study you through some of these profitable businesses and I think that at the end of the reading, you will find it useful and motivated to find something for yourself.

You can start businesses in Nigeria with 10k 20k 30k

1) Blogs. Blogs is writing a post on a blog. A blog originally comes from the word "weblog" or "weblog". You can think of it as a newspaper or an online newspaper, although blogs, such as online journalism, are now much more widely used.

Blogs are key to marketing a business. A business blog is a marketing channel that helps businesses increase online visibility, promote brand awareness, blog subscribers, and support business growth.

If you are considering a blogging business, this will not be a bad idea, of course. Blogging is a profitable online career. There are many different blogging sites you can use, but the most versatile and easy to use platform is WordPress.

Bloggers make money with Google AdSense. Google AdSense is an opportunity to share opportunities for publishers in the Google Network. Google places ads on goods and services relevant to the content of your website, aimed at people who regularly visit your pages. In turn, you will be paid if your ad is displayed or clicked on your page.

Affiliate marketing is another merit of blogging. This is when you recommend a product or service to your audience using special tracking links, and then you get a referral commission for every time someone buys after you click on your link. When you are ready for this initiative, you will not need more than 35,000: (# 35,000) or less to start a professional blog.

2) Online jewelry business. One of the students at Ibadan University shares her experience in online and potential jewelry business and it would not be a bad idea to share it with you. He said he decided to get involved in the business after noticing how many people saw his status on WhatsApp and how they got involved with his post on Facebook. Still, he started posting some of his jewelry on social media to experiment if anyone would order it. Fortunately, one of her friends became interested and negotiated the item at a good discount to open a good relationship with customers. After a negotiated deal, he went to the market to order the same jewelry and sold it to his friend. Brother and sister. That’s how he started his online business, from one office to another, and by the grace of God, today he had a store for his business. But remember she started online. This is not a big deal; it's about knowing how to industrialize your environment.

How to get started: If you are interested in this type of business, you only need to start 10,000. You can buy your product in Lagos at a cheaper price and sell it at a friendly price in your area. And if you live in Lagos, you can also do business in your area. Business does not require too much stress.

3) Selling cakes online. Coca is one of the most delicious snacks in Nigeria. It is often the choice of dessert on ceremonial occasions such as weddings, birthdays, Christmas, New Year and other festivals. Sometimes a cake is offered as a gift. Demand for cake production in Nigeria is always high on the weekends because many people do their wedding ceremonies.

During the Valentine’s Day season, cake hunting can be overwhelming. Everyone wants to show their loved one that they care about the cake. A birthday party without a cake today is not complete anywhere in the world.

Getting Started: You can learn how to bake cakes online like YouTube or Google. The first step as I said before is to train or get a recipe online. Second step: buy equipment such as cake mixer, scales, cellophane bags and ropes for packaging, pans and muffins. Spatula, spoons and measuring cups, good taste. Step Three: You need to find the point of sale and create awareness.

4) Sale of cold drinks or bottled water: Selling soft drinks and water is a very profitable business because it is a daily consumable product; if you are in a heavily populated area or city, you may want to consider this company. You can start this business with just 10,000 or less.

Getting Started: Look for a space in a busy area like the commercial bus terminal, buy a large refrigerator, an umbrella, a decorated block, a small banner to indicate what you are selling. You can also include top-up card sales.

5) Popcorn business. People eat popcorn and buy sandwiches from time to time, and corn popcorn is one of the snacks sold as people eat it at home, along the road, in their shops, vehicles and even in theaters. Popcorn companies didn’t need to keep a store up and running, but in most cases they just needed an exposed environment. Popcorn companies have no gender discrimination, and if you get the right tools for popcorn, your business is completely stress-free and you can make a lot of money every day if you’re in a busy place.

How to get started: Buy a popcorn machine with corn, wheat, butter, peanut oil, sugar, salt, aromatic nylon, powdered milk and stay on a busy road or commercial market or commercial bus.

You don’t need to rent a store, you can partner with someone in your store because it won’t bother them, or you can get an umbrella, clean up any free space in a busy environment, and start your own business. In some cases, you may be asked to pay a lump sum to the local government board to start your business in some area. It will not exceed ₦ 2000.

6) Business for telephone accessories. Phone accessories are phone materials such as phone chargers, air pads, USB disk, memory card, etc. People have problems with their phone accessories every day, usually chargers. This business is very profitable if you are in a busy place. Starting this business is not expensive; you can start this business with 20,000 naira. You should have bought chargers or top suits, that is, people always buy them now because of the manufacture of improper chargers, people have a problem with the chargers and ask them to get new ones because they can’t throw away the phone .

7) Fast food companies. Everyone eats food, sometimes we cook what we eat ourselves. But, you know it’s not all the time we want to cook or even have time? Even if you are preparing your own breakfast, what would you say to the launch and dinner? Do you go to the office with the kitchen? Therefore, the connections of restaurants and fast food will never end. You can set up a mini restaurant with 20k to 50k and start making money with it. You can even offer time to companies during the break by saving stress and time searching for food by taking it to the office; they will value you so much if you make money.

8) Dry cleaning business. You can start this business from home with a reduced capital like 50k. If you don’t have money, use your hand to wash and iron, I’m sure you have a sewing machine. If you have money to invest, you can get a washing machine and start doing it right away at home until you can earn cash for rent.

9) Fish fingerlings manufacturing business. Have you ever seen catfish? The baby with pine fish is called fingerling. If you are a person who likes agriculture, such as agriculture, you can risk this business because it is very profitable, but it requires some skills. There are places to learn the skill, in most cases it will cost nothing. The finger production process is simple; the only important thing is to get buyers ready for production. This business is profitable; you can earn up to 50,000 Naira in your first production, of which only 4,000 Naira are spent. finger cultivation is very profitable.

10) Recharge card top-up. Even without money, you can start this business if you have a bulk seller you trust. This business consists of buying and purchasing distribution cards from producers to retailers. You are the average man here. You can start this business with 50k if you do not have a top-up card manufacturer that can deliver and return it to you after delivery. You need a bicycle to travel on others to save on transportation costs.

11) Shawarma / Barbecue business. This is another business that can start with a small amount and make money a day, and shawarma is consumed daily. Some people like to eat barbecue or shawarma while drinking in a brewery and also like to buy from their family. The right place for this business is a beer shop or a front club. You can start a shawarma or braai business with less than 20,000.

12) Poultry industry. You can do poultry farming in your backyard. You can buy a large cage that can hold up to ten chickens, and within five months you can sell it for 3,000 naira and above, especially during the holiday season. # 30000 allows you to start this business comfortably and there is not too much stress.

13) Plantain Chips business. Many people enjoy eating regular chips in the office, school, parking lot, market, etc., people eat it every day. You can start this business as a pre-packaged business and label it as you see it. If you do it the right way, your sellers will buy you every day to sell. You can start producing and selling your account to the guys who sell express and the people who sell to the store. You can start this business with 50,000 or less.

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