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Which Business Can I Start with 200k In Nigeria

Which Business Can I Start with 200k In Nigeria

Which business can I start with 200k 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 200k in Nigeria.

Which business can I start with 200k In Nigeria?

Which business can I start with 200k in Nigeria is a common concern among Nigerian people so we have compile a list of small businesses you can with 200k in Nigeria.

1. POS business

With the increasing cashless policy, starting a POS business in Nigeria requires a smartphone and a minimum of N200k. The estimated profit per day is N2,000 – N5,000. The best locations are high-traffic areas like markets and busy streets. Challenges include technical issues and fraud. Benefits include low start-up costs and flexibility.

2. Sport viewing Centre business

Starting a sports viewing center requires a large-screen TV, cable subscription, seating arrangement and a minimum of N200k. The estimated profit per day is N5,000 – N10,000. The best locations are in densely populated areas. Challenges include power supply and TV subscription costs. Benefits include a potential for high returns during major sporting events.

Also Checkout: Businesses to start with 250k in Nigeria

3. Poultry farming Business

Starting a poultry farm requires a piece of land, equipment, and a minimum of N200k. The estimated profit per day is N10,000 – N20,000. The best locations are rural areas with adequate land and access to clean water. Challenges include disease outbreaks and high feed costs. Benefits include a high demand for poultry products in Nigeria.

4. Bakery

Starting a bakery requires an oven, baking equipment, and a minimum of N200k. The estimated profit per day is N5,000 – N15,000. The best locations are high-traffic areas such as markets and busy streets. Challenges include high competition and power supply issues. Benefits include a potential for high returns during festive periods.

5. Sales of Phones Accessories

Starting a phone accessory business requires a minimum of N200k to purchase stock. The estimated profit per day is N3,000 – N7,000. The best locations are high-traffic areas like markets and busy streets. Challenges include counterfeit products and competition. Benefits include a high demand for phone accessories in Nigeria.

6. Popcorn Business

Starting a popcorn business requires a popcorn machine, packaging materials and a minimum of N200k. The estimated profit per day is N3,000 – N7,000. The best locations are high-traffic areas such as markets and busy streets. Challenges include power supply and competition. Benefits include low start-up costs and potential for high returns during festive periods.

7. Barbershop Salon

Starting a barbershop requires equipment, rent, and a minimum of N200k. The estimated profit per day is N5,000 – N15,000. The best locations are densely populated areas. Challenges include high competition and rent costs. Benefits include a high demand for barbershop services in Nigeria.

8. Mini Importation Business

Starting a mini importation business requires a minimum of N200k to purchase stock. The estimated profit per day is N5,000 – N10,000. The best locations are areas with a high demand for imported goods. Challenges include customs clearance and competition. Benefits include the potential for high profits with low start-up costs.

9. Start a Solar Business

Starting a solar business requires solar panels, batteries, and a minimum of N200k. The estimated profit per day is N3,000 – N10,000. The best locations are rural areas with limited access to electricity. Challenges include technical issues and competition. Benefits include the potential for high profits with low competition.

Also Checkout: Businesses to start with 1k,2k,3k and 5k

10. Open a Mobile Agent Business

Starting a mobile agent business requires registration with a mobile money operator and a minimum of N200k. The estimated profit per day is N3,000 – N7,000. The best locations are high-traffic areas like markets and busy streets. Challenges include technical issues and fraud. Benefits include low start-up costs and flexibility.

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