300,000 Naira may seem small, but with proper management skills and adequate knowledge of finance, it is enough to start and run a successful business here in Nigeria.
So now that you have got that amount of money saved, the next thing you should consider is the type of business to start that has a high success rate and will yield good profits.
However, since you’re here, you don’t have to worry about knowing the most profitable business because this guide has all you need. We will discuss seven lucrative businesses you can start in Nigeria with 300k, so keep reading to get all the information you need.
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Cooking Gas Business
Gone are the days when many households in Nigeria relied on different means of cooking; these days, cooking gas has become an essential part of every home. This is because cooking gas is cheaper than kerosene or firewood; it is also faster and less stressful.
It costs less to start a cooking gas business in Nigeria than most other small businesses; you might even end up not spending up to 300k. In addition, it is undoubtedly very lucrative, so you can give it a try.
POS Business
Point-of-sales machines have made so many things easier for us all in Nigeria. No more long queues in banks to get cash, theft has reduced drastically, and transactions have become faster and more secure.
While many businesses have their own POS machines, there are still full-time POS vendors in the country who are making it big, and you can be one of them.
Getting a POS machine is easy since there are many POS machine providers, and the machines are also very affordable. So, all you have to do is to choose the best provider in Nigeria and buy a machine from them, then kick start your POS business at your preferred location.
Sales of Mobile Accessories
There is no way to use a mobile device without additional accessories, and even though these accessories come with new mobile devices, at some point, you will feel the need to replace them when they get bad or old.
However, we know it will be expensive to start selling mobile devices. That is why it is recommended to sell mobile accessories. You can start with less than 300k because you only need to buy as much as you can sell and then set up a small store where people can access your products.
Recharge Card Business
You may not have considered this, but recharge cards are one of the things that people cannot do without in Nigeria. On a daily basis, people need airtime for several reasons, and without it, many things, including businesses, will not function well.
So if you decide to sell recharge cards, you will make a lot of profit, and with 300k, you do not need to buy and resell recharge cards; you can print your own recharge cards and supply them to other dealers.
Boutique Business
Nigerians, from rich to middle-class, love to look good 24/7, so if you have 300k to start a business right now, helping people look good is an excellent idea.
You don’t have to sell expensive clothes, and you don’t have to sell clothes for everybody; your target customers can be children, women or men. Just sell what you can afford to sell for now, and the people that love what you sell will definitely locate you.
Weight Loss Consultancy
It is a known fact that weight loss is challenging, especially when people do not know what they are supposed to do. A lot of people are struggling with obesity and being overweight, but they can’t lose weight on their own because they usually need some external motivation to stay consistent; that is why a weight loss consultancy will be a very lucrative business in Nigeria.
However, before you venture into this business, you need to do proper research and practicals to find out what works and how best to go about a healthy weight loss journey. Then your job will be to guide people through their weight loss process and sell the products they need to make the process faster and more effective.
Content Creation
Let’s be honest; social media will be boring without content, and platforms like YouTube will be rendered useless without content, so while so many people are already making money from content creation, you can join them and make it big in no time.
There are so many YouTube content ideas you can explore, and you can also use platforms like Facebook, Tiktok, and Instagram to share your content and create an online presence for yourself.
Read also: The Key Benefits of Influencer Marketing for your Business
The business ideas on this list are easy to start, require low capital, and are very easy to manage. However, you will do better if you acquire some knowledge from other successful entrepreneurs.
Also, remember that good marketing strategies will go a long way to help define the success of your business and drive quick sales. So overall, ensure you are adequately prepared before starting any business and do not go into a business solely to make money; ensure you do what you love so you will stay consistent and happy as you grow your business gradually.
