Last updated on March 2nd, 2024 at 05:43 pm
Which business can I start with 150k in Nigeria is a common concern among Nigerian people with living standard increasing becoming harder than before. So many Nigerian are looking for various to survive in this hard times. This guide will help you understand which business is good for you to start with 150k in Nigeria.
Which Business Can I Start with 150k In Nigeria
Which business can I start with 150k in Nigeria is a common concern among Nigerian people so we have compile a list of small businesses you can start with 150k in Nigeria.
Also Checkout: Businesses to start with 20k and 30k in Nigeria
1. Copywriting
The market for copywriting is growing rapidly in Nigeria, with businesses and individuals in need of engaging and compelling content. All that’s needed is a computer and internet access. Estimated profits per day range from 5k to 10k Naira. The best location to start is in major cities like Lagos, Abuja, and Port Harcourt. The challenge faced is competition, but the benefits include flexibility and the potential for high earnings.
2. Graphic Design
With the rise of digital media, the demand for graphic designers is increasing in Nigeria. A computer and graphic design software are required. Estimated profits per day range from 5k to 10k Naira. The best location to start is in major cities with a high population of businesses and creatives, like Lagos and Abuja. The challenge faced is competition, but the benefits include high earning potential and the ability to work remotely.
3. Selling of Clothes
The market for selling clothes is vast in Nigeria, with a high demand for affordable and fashionable clothing. All that’s needed is a small shop or market stall and a stock of clothing. Estimated profits per day range from 5k to 20k Naira. The best location to start is in busy marketplaces or shopping areas. The challenge faced is competition, but the benefits include high earning potential and the ability to sell a variety of products
4. Laundry Business
With a capital of 150k, you can start a laundry business in Nigeria. The market for laundry services is vast, and the requirements include a washing machine, detergent, and ironing equipment. You can earn an estimated profit of N4,000 to N8,000 per day. The best location would be close to residential areas. Some challenges include finding skilled workers and the competition from existing laundry businesses. The benefits include low start-up costs and the potential for high profits.
5. Shawarma Selling Business
A capital of 150k can start you a shawarma business in Nigeria. The market for shawarma is vast, and the requirements include a griller, bread, meat, and vegetables. You can earn an estimated profit of N3,000 to N6,000 per day. The best location would be a high-traffic area like a mall or market. Some challenges include finding a good location and sourcing fresh ingredients regularly. The benefits include low start-up costs and the potential for high profits.
6. Phones and Gadgets
With a capital of 150k, you can start a phones and gadgets business in Nigeria. The market for gadgets is vast, and the requirements include sourcing gadgets from suppliers and renting a shop. You can earn an estimated profit of N5,000 to N10,000 per day. The best location would be a high-traffic area like a mall or market. Some challenges include finding reliable suppliers and competition from existing businesses. The benefits include the potential for high profits and a growing market.
Also Checkout: list of businesses to start with 50k
7. Mobile Food Vendor and Delivery Business
With 150k, you can start a mobile food vendor and delivery business in Nigeria. Requirements include a food cart, cooking equipment, and permits. You can expect to earn an estimated profit of 3,000-5,000 naira per day. The best location would be near offices or schools. Challenges faced include competition and obtaining permits. Benefits include low start-up costs and flexible working hours.
8. Data Reselling Business
Start a data reselling business in Nigeria with 150k. Requirements include a laptop and internet connection. You can earn an estimated profit of 1,000-2,000 naira per day. The best location would be an area with a high demand for data services. Challenges faced include competition and finding reliable suppliers. Benefits include low start-up costs and the potential for high returns.
9. Poultry Farming Business
With 150k, you can start a small-scale poultry farming business in Nigeria. Requirements include land, feed, and equipment. You can earn an estimated profit of 5,000-7,000 naira per day. The best location would be in a rural area with access to water and electricity. Challenges faced include disease outbreaks and finding a market for your products. Benefits include a high demand for poultry products and the potential for growth.
10. Selling Animal Feeds
Start selling animal feeds in Nigeria with 150k. Requirements include a small shop and inventory. You can earn an estimated profit of 2,000-3,000 naira per day. The best location would be near farms or markets. Challenges faced include competition and obtaining reliable suppliers. Benefits include low start-up costs and the potential for growth in the agriculture sector.
Did this answer fit your question Which Business Can I Start with 150k In Nigeria?