If you are looking to start a business in Nigeria with 150k, you will need to carefully consider a few factors before making your decision. The most important factor is to choose a business that is within your budget and has the potential to make a good return on investment.
There are many businesses that you can start with 150k in Nigeria, but not all of them will be equally successful.
In this article, we will discuss a few businesses that you can start with 150k in Nigeria. We will also provide some tips on how to choose a business that has the potential to be successful.
With a growing economy and a population of over 200 million people, Nigeria is a country with vast business opportunities. However, starting a business can be a daunting task, especially if you don’t have a lot of capital.
If you’re looking to start a business in Nigeria with a limited budget of N150k, there are several options available to you. From food and beverage businesses to e-commerce and retail.
What Business Can I Start With 150k In Nigeria
The answer to the question of the type of business that you can start with 150k in Nigeria depends on some factors such as your business goals, the type of business you want to start, the industry you want to operate in, your target market, and your personal preferences.
Some businesses require more capital than others to get started. For example, if you want to start a business that requires you to lease office space, purchase expensive equipment, or hire several employees, you will need more than 150k.
10 Lucrative Businesses You Can Start In Nigeria With 150,000 Naira
Without wasting much of your time, Below is the list of businesses you can start with 150k in Nigeria. This list contains both online and offline businesses so endeavor to read till the end.
- POS/E-Payment Business
- Mobile Device Charging Business
- Food Business
- Phone Accessories Business
- Blogging Business
- Catering Business
- Jewelry Business
- Landry Business
- Gaming Shop
The above is the list of lucrative businesses you can start with 150k, I’ll try to highlight more on each and if properly implemented, the return on investment will be mind-blowing.
POS Business
POS Business is one of the businesses you can start with 150k in Nigeria, this business is no longer new to the public, nearly everybody patronizes the services of POS agents daily since it’s more stress-free than visiting the banking hall to make transactions.
In fact, the risk of meeting with (Fine boys) armed robbers in the Bank has made a lot of people including myself use the services of POS Business daily. The charges are not anything compared to the risk of going to the bank.
How To Start POS Business?
To start POS Business you’ll need the terminal machine which cost between 20k to 25k depending on your location.
The next thing to do when you are done purchasing the terminal machine is to look for a comfortable environment where you can site the business, preferably around student areas or close to the market where business activities are not seasonal.
Mobile Device Charging
This business is very lucrative, especially in rural areas where electric light is their number 1 problem. I know a lot of people in the business who are making cool money from it.
Nearly everybody now own a mobile phone and since there is no constant light in some part of the country, this should be an opportunity to establish a business by helping people to charge their appliances for a fee.
This business doesn’t require much capital. With 150k you can start it and be making cool cash daily. Just get a Generator or collaborate with a fueling station to be supplying you with light for a small fee.
Get as many chargers as possible and a Charging spot that will contain a good number of chargers at a particular time.
You may want to include a recharge card in the business, in the long run, to help increase the profit of the business.
Food Business
The food business is another lucrative business you start with little capital. The demand for cooked food has increased in recent times.
Nearly everybody is busy with one thing or the other and won’t mind buying cooked food to save time. Your responsibility as a business person is to provide a solution to their problem by establishing a business around the problem.
With 150k, you are establishing a mini restaurant in a good working or business environment and making money from it.
Phone Accessories Business
The phone accessories business has been around since the invention of mobile phones. This business is very popular and it’s a business that will not die for as long as mobile phones exist.
A lot of people visit phone accessories stores daily to replace one or two of their mobile devices. Taking the opportunity to establish a business to help solve the problem is a smart move.
Sometimes this business brings about a 50% return on investment, this is because those accessories are very cheap when buying them at wholesale prices.
If you want to enjoy the phone accessories business, I’ll advise you to take a week out to learn how to replace most of the accessories but most of your customers would need you to Help replace the damaged ones with the new ones. A week should be enough to cover everything.
Blogging Business
Blogging is one of the booming online businesses in Nigeria at the moment. You can become a millionaire without leaving the comfort of your house.
This business doesn’t require much capital, if you can buy a host and domain then you are good to go. You’ll only spend more if you don’t have the basic knowledge about it. You can arm yourself with the knowledge available on Google and YouTube.
As a blogger, you can earn as much as possible for individuals or companies that want to showcase their products to your audience. All you need to do is to work on getting traffic to the blog and you are good to go.
If you are interested in learning the basics from me, drop your comment in the comment section including your email address. I’ll contact you for the way forward.
Catering Business
The next business on the list of businesses you can start with 150k in Nigeria is the catering Business. With Events happening daily, as a caterer, you can never be out of business.
With this business, you can make as much as 500k per event depending on the client and your packaging.
You can leverage the social media platform to reach out to your potential client and create a customer relationship from there.
Jewelry Business
Jewelry Business is another lucrative business you can start with 150k in Nigeria and be making steady profits. You can decide to sell jewelry like earrings, necklaces, Rings, wrist braces, wristwatches, and more.
This business requires you to be mobile if you want to make it big. Just look at a wholesale market and buy your goods at a relatively cheap price and resell them with additional 5%-10% profits.
You could just be moving around to meet your customers instead of limiting yourself to one place called a shop without customers coming to patronize you.
This business has been sustaining both young and average women in the past few years. So venturing into this business is a very good decision.
Landry Business
If you are among those asking what business to start with 150k in Nigeria, then you should try Landry Business. Landry Business can be very lucrative if properly managed.
Nearly everybody especially the working class men and women hardly have time to wash their clothes, and most resolved to employ the service of Landry man or woman to help do their Landry.
You take advantage of this opportunity to build a business a Landry services where people will pay you 1500-2000 per clothing just to have it washed and ironed.
If you want to start this business on small scale then less than 150k will be enough to get it started.
All you need to do is to get your washing machine and pressing iron and you are good to go. You can even decide to Wash the clothes using hand washing to minimize cost.
Gaming Shop
A lot of people like playing games in their leisure time and wouldn’t mind paying as high as N100 per game. This business could earn you more than 5k daily is located in strategic places.
This business requires you to have a generator, widescreen tv, and some other necessary gadget that make it work smoothly.
This business is better Managed with a football viewing center, so if you have enough budget, you can run both businesses together and make lots of profits from it.
Conclusion
In conclusion, there are many businesses that can be started with 150k in Nigeria. Some of the businesses include farming, starting a Graphic design, or starting a small business.
With the right planning and execution, any of these businesses can be successful. To learn more about starting a business in Nigeria, subscribe to the notification for more.