Posted by Business ideas you can start with NGN5000 in Nigeria – Over the years, we noticed that starting a business does not mean that you need to have a million naira before you can start thinking on businesses to venture into.
There are quite a good number of business ideas you can start with NGN5000 in Nigeria.
Although these businesses sound or look so small, if you put much effort in pushing the business, you’ll surely make cool profit from it.
While we have your attention here, we will detail top 7 business ideas you can start with NGN5000 in Nigeria.
Top 7 Business Ideas You Can Start With NGN5000 in Nigeria
Starting a business with a limited budget is challenging, but it’s not impossible. From our experience and careful research, we were able to find out top 7 business ideas you can start with NGN5000 in Nigeria.
Here are some businesses you can start with NGN5000 in Nigeria:
#1. Phone Accessories Sales
Start selling phone accessories like screen protectors, phone cases, and chargers.
These goods are in high demand and can be acquired in quantity at a reasonable cost, allowing you to earn handsomely.
You don’t even need to rent a shop before you can start selling these accessories.
#2. Popcorn Business – Business ideas you can start with NGN5000 in Nigeria
Popcorn is a popular snack in Nigeria, and a popcorn company may be started with as little as NGN5000.
Popcorn can be made at home and sold at schools, gatherings, or on the street.
As long as you have means of preparing your corn, with NGN5000, you can set up a quality source of income through Popcorn.
#3. Data Reselling
Since everyone access the internet almost on daily basis, the demand for data in all the major networks in Nigeria is quite high.
You may begin reselling data for famous Nigerian networks including MTN, Glo, Airtel, and 9mobile.
In this case, one may buy data bundles in bulk and resell them to consumers for a profit.
#4. Cleaning Business – Business ideas you can start with NGN5000 in Nigeria
Don’t need much advert before you can start informing people that you run a cleaning business.
You can even use your WhatsApp status to announce to your friends that you are doing a cleaning business.
Hereunder, you may start a cleaning business by cleaning homes, workplaces, or schools.
Cleaning goods, such as detergent, mops, and buckets, may be purchased for NGN5000.
#5. Tailoring Services
If you have a sewing machine, you may start selling tailoring services such as mending, altering, or producing new items.
You may start this company from home and offer your services on social media sites.
#6. Snacks Sales – Business ideas you can start with NGN5000 in Nigeria
Even if you’re using a wheel barrow to carry your goods, start selling snacks such as chin chin, plantain chips, or biscuits.
You can make these snacks at home and sell them at events, schools, or on the street.
#7. Shoe Repair Services
In Nigeria, shoe repair is a successful industry. You’ll need shoe repair supplies like thread, glue, and needles, which you can get for NGN5000.
Our Verdict – Business ideas you can start with NGN5000 in Nigeria
Starting a business with NGN5000 requires careful planning and management.
However, with hard work and persistence, you can grow your business and increase your profitability over time.