Turning 100K into a goldmine feels impossible, right?Â
Wrong!
I’ll show you brilliant business ideas that sprout from a small investment and blossom into big profits.
Let’s turn your pocket change into a business powerhouse!
Let’s get started!
10 Business Ideas You Can Invest 100K in Nigeria
Here are 10 business ideas that you can start with 100K in Nigeria:
- POS Business (Agent Banking)
- Mobile Food Vendor
- Phone Repair Services
- Freelancing (Content Writing, Virtual Assistant)
- Event Planning/Decoration
- Home-Based Salon Services
- Thrifting and Reselling
- Handmade Crafts (Jewelry, Accessories)
- Pre-packaged food (snacks, baked goods)
- Fitness Training
POS Business (Agent Banking)
As a POS agent banker, you serve the community like a small bank. Using a POS machine, you offer services like withdrawing cash, making transfers, paying bills, and topping up airtime.
People want this service a lot, especially in places where banks are hard to get to or are always full and it doesn’t cost much to get started because POS machines are cheap to buy or rent.Â
A small fee is added to each transaction done on the POS machine, which helps the business make money.
Tip – Good customer service and the right position can help you build a steady stream of clients and a steady income.
For more information on POS business, check out my guides:
How To Get a POS Machine For Your Business
How To Start a POS Business Successfully in Nigeria
Mobile Food Vendor
You can consider being a mobile food vendor and can start by selling snacks, meals, and drinks from a cart, truck, or temporary set-up.Â
Additionally, people are interested in this business because it has low operating costs, you don’t have to rent a big store to start, a cart or a small stall will do.Â
The important thing is to put it somewhere where a lot of people walk by, like near schools, businesses, or markets.
Being mobile lets you go to different places based on demand and the time of day, which can help you make more sales.
Phone Repair Services
As the number of smartphone users grows, so does the need for phone repair services.
You could start this business out of a small spot at home, fixing things like cracked screens, dead batteries, and software issues.
An easy way to set yourself up for success in this business is to get some training and simple repair tools.Â
Customers will stick with you and tell their friends about your business if you offer fast, reliable, and cheap services.
Freelancing (Content Writing, Virtual Assistant)
If you become a freelance content writer or virtual assistant, you can work from anywhere with an internet link.
Many websites help freelancers find clients who need their skills and starting up doesn’t cost much; all you need is a computer and a connection to the internet.
Tip – Freelancing can be a good way to make money if you are good at writing, graphic design, or office work.Â
Event Planning/Decoration
Event planning and design include setting up and decorating places for events like weddings, birthday parties, and business meetings.
You can start this business with little money if you come up with creative and cheap ways to decorate.
Tip – Making connections with event sites and suppliers can help you cut costs and make more money. To be successful in this line of work, you need to be creative, organized, and able to make places unique.
Home-Based Salon Services
If you want to start a profitable salon business from home, you can give hair styling, manicures, and pedicures.
To do these beauty services, you’ll need some simple tools and equipment, and specializing in certain services can help your business stand out and bring in customers who are looking for those treatments.
Tip – Building a loyal customer base can be done by giving great service and a comfortable home setting.
Thrifting and Reselling
In the thrifting and reselling business, you buy used clothes, accessories, or furniture at low prices and then sell them for a profit.
More and more people are interested in eco-friendly and cheap fashion, which is helping this business grow.
Tip – You can buy things at yard sales, thrift stores, or online markets and then sell them on social media, in your store, or at pop-up shops.Â
Handmade Crafts (Jewelry, Accessories)
Making and selling jewelry, accessories, or home art that you made yourself can be a fun and profitable business.
You can make one-of-a-kind items that people who want personalized or handcrafted items will love with cheap materials and your imagination.
With this business, you can reach a lot of people by selling in online markets, art fairs, or small shops in your area.
Pre-packaged food (snacks, baked goods)
More and more people want ready-to-eat foods that are easy to get and don’t take much time.
This makes it possible to make and sell pre-packaged snacks, baked goods, or meals as a business.
You can make these things in your kitchen, which keeps the start-up costs low.
Tip – Making sure your food is safe and of good quality, along with good marketing and packing, can help build a loyal customer base.
Fitness Training
Becoming a personal trainer can be a rewarding job if you know a lot about fitness and love it.
With very little gear, you can hold training classes in people’s homes, parks, or community centers and build a good image by making workout plans unique for each client and paying close attention to what they need.Â
Personal fitness training is becoming more and more popular as people become more health aware and you should key into it!
You can check out my guide on Businesses You Can Start With 50K
In Conclusion,
Starting a business in Nigeria that makes money with 100K is very possible in many areas.
From the ease of use and accessibility of a point-of-sale (POS) business to the creativity and adaptability of mobile food selling, there are many chances for entrepreneurs to succeed.
These business ideas can turn a small investment into a thriving business with the right approach, study, and hard work.
They can help you make more money and help Nigeria’s economy grow as a whole.