Nairaland Forum

Below are some of the best small businesses in Nigeria that any aspiring Entrepreneur can start with N50,000 or less and make substantial profit in it.

1. Plantain Chips Making - Move around the street and you will see different brands of Plantain chips on sale and it sells very very fast. People just like chewing stuffs and there is no end to it, so if you can engage in the business of producing and supplying it, you will be making good money on daily basis.

All what you needed are: Big Frying Pan (N3,000) Small Sealing Machine (N15,000) The Nylons and Labels (N2,000) Other Utensils (N5,000) The rest N30,000 goes into buying of Plantains and logistics. Supply to the shops and to hawkers and you will be making your money.

2. Tokunbo Shoes - I like quality leather materials and that's why until recently, all my shoes and bags are bought from the used shoes and bag sellers. I used to get some top class shoes for N3,000 by the roadside back in those days when I can't really afford high quality designer shoes that cost N50,000 or more.

Many people out there are just like me -- Instead of patronizing those fake China shoes and bags, they prefer to buy high quality fairly used ones which last longer and confer you with more respect.

Get a nice place where you will be displaying your goods like in front on shopping malls. Go to Fairly used market (Katangowa or Aswani in Lagos) you may go to Seme Border or Kotonou. Select quality fairly used shoes, look for designs that are close to the latest fashion. N40,000 can get you up to 40 pairs of shoes. Sometimes you make profit of up to N3,000 from a single sell.

3. Used Books - You used to see them by the roadsides and you're wondering if the seller are making money from it? Try it and see! You will be surprised at the profit margin, and you will be amazed at the rate at which Nigerians buy different books.

Follow the same process as it is with the used shoes but you buy at different markets. Used books are sold in importers warehouses, locate one and go there to select nice used books, Children books, Professional books, Hand craft books, etc etc. These types of books sells very fast with high profit margin. N50,000 is more than enough for a starter.

4. Office Supply - People who works in offices finds it difficult to go out to the market to buy certain things like Wrist Watches, Shirts, Ties, and Perfumes. Help them do the shopping and charge moderately, don't be greedy like other suppliers who buys fake things for N1000 and wants to sell for N10,000 in the name of office.

If you are honest with your business and charge reasonably, you may even get huge supply contract form some of the people you will meet in those offices. N50,000 will do good in these type of small business in Nigeria and you will smile at the brisk business you will be making.

5. Road Side Foods Vending - If you are the hard working type, this small business in Nigeria may be for you. I've seen people buy cars and build house from this business. It's one of the few businesses that guarantees steady flow of profit no matter the weather, no matter the economic situation.

Specialize in cooking Jollof Rice and Beans, Moi moi, Fried Plantain, Custards, and Fried Eggs. You will be friend of the people and the people will be your friend! Look for a hot spot, like the bus stop, near Motor and Okada parks or busy shopping malls.

Thirty Thousand Naira (N30,000) will get you all the utensils and small tables and chairs. While N20,000 goes for food items and settlements

This thread is so hillarious, I used to think that bread crumbs was gotten from garri and Egusi seed(melon) was gotten from d seeds of watermelon. I was also scared of all kinds of birds cos I thought they picked humans and eat them (imagination from the movie full moon) and I thought coconut water will make you dull

Don't even Laugh....

Folake came to Benin on a visit.
She asked me for tђε 10k I promised her. I then told her that I was on my way to Abuja, that she should take my ATM card &withdraw all she wants.
(Knowing fully well that I had less than 3k in d account)
As soon as she kissed me & left, I quickly left tђε house knowing she will come crying back to me.
As I got to my junction Sonuga-Sonex, 'Deji my friend,called me on phone saying "Kola, thanks a lot I've paid tђε 80k back into uя account".
Mheeeen, see sweat!
Tried calling folake's phone, switched off.
Next thing, debit alerts: 40k, 40k, even 2k.
Next thing I knew, I found myself on hospital bed. Now they are asking me what happened? But what will I say

Don't even Laugh....

Folake came to Benin on a visit.
She asked me for tђε 10k I promised her. I then told her that I was on my way to Abuja, that she should take my ATM card &withdraw all she wants.
(Knowing fully well that I had less than 3k in d account)
As soon as she kissed me & left, I quickly left tђε house knowing she will come crying back to me.
As I got to my junction Sonuga-Sonex, 'Deji my friend,called me on phone saying "Kola, thanks a lot I've paid tђε 80k back into uя account".
Mheeeen, see sweat!
Tried calling folake's phone, switched off.
Next thing, debit alerts: 40k, 40k, even 2k.
Next thing I knew, I found myself on hospital bed. Now they are asking me what happened? But what will I say

Please what is the procedure for registeration for the lagos state alawee, I just got redeployed from KT, tnx

Please can someone tell me what state in Nigeria victor moses comes from, tnx

this sand castle is so cool

Tnx, really aprec8

I just made a commitment in church to provide supplies for the children dept in church, but I don't know where I can get any. This supplies include children's devotional, bible, books, cds nd dvds, arts & crats, etc. Pls y'all help me. I reside in Lagos, tnk u

What is the age difference btw us

Ms' crowns event is a growing event company and need your support to expand. Pls ff @mscrowns on twitter, she shares useful event tips and entertainment gist. Tnk U

Holding a leadership position is not so rosy as it seems. I was d president of my faculty association in university, and nothing I did pleased the students. Faced harsh words, tough times and destructive n constructive Criticisms. However it helped me grow and made me become a better leader. because of my experience, I always make sure I take my time to study a leader b4 passing judgement

Ms'Crown Events
Provide all kinds of services, ushering, catering, decorations, etc and help you plan your event from start to finish at your budget.
Cal 08075745984, bb pin 27936F7D
Or visit us at 20 Osunyemi close mafoluku oshodi

Ms'Crown Events help u plan ur event whether its a birthday, graduation, wedding,funeral, etc on a reasonable budget suitable for u.
We'll help u plan ur event from start to finish, we provide services ranging from hall venues, catering, decoration, souvenir and lots more. Visit us today @ No 20 Osunyemi Close Mafoluku Oshodi or call 08075745984. BB Pin 27936F7D.

See tuface then

Two mad men organised to run away from the mental Hospital, they started planing and agreed that they will go 2 d gate, beat up the watchman then open the gate n run away.... When they reached the Gate, the watchman wasn't there and the gate was wide open...they said ''poo our plan has failed lets go back we'll try again 2morrow

From 2k to 5k now 13k, its madness. I just left d phcn office nd i was told to apply for d prepaid meter because dats d kinda bill i will b getyn henceforth and ders notyn dey can do abt it cos it frm d headquaters. Whereas my neighbour dont even pay a dime,if their electricity is cut off, dey call on local electricians to fix it back. I tink dats exactly wat i will b doing, NO MORE gud citizen

Plsssssss I need y'all to tell me where I can get those old captivating nollywood movies shot in the 90's. I crave to see movies like Rattle snake, true confession, deadly affair, domitilla, glamour girls, rituals, blood money, Nneka the pretty serpent, living in bondage, taboo, Evil men, and so many good old movies. Whateva hapend to d igbo movie industry, there were soooo damn good then. Pls I wud really appreciate it if u can help me out. Tnx,Hugs

Funny

Ekaitte went to the store to buy a parrot trained in the USA and asks
the sales person;
"What's so special about this parrot ?"
Sales person says:
"This parrot is a genius and can answer any question"
Ekaitte asks the parrot;
"How do I look?"
The parrot replies;
"You look like a fuckin slut?"
Ekaitte gets pissed off and tells the sales person that its a very rude
parrot and she cannot buy it despite it was trained in the USA.
The sales person tells Ekaitte to wait for 2 mins...
The sales person takes the parrot to the back of the store and
shoves the parrot into a bucket of water and when he pulls the
parrot out he says;
"if you disrespect the lady out there again i'll soak you back in water"
and takes the parrot back to the store.
Th sales person apologized to Ekaitte and says she can ask the
parrot another question.
Ekaitte: "If I come home with one man what would you think?"
Parrot: "He's your husband"
Ekaitte: "Two men?"
Parrot: "Your husband and his brother"
Ekaitte: "Three men?"
Parrot: "Your husband, his brother and your brother"
Ekaitte: "Four men?"
At this time the Parrot turns to the Sales person and says:
"Bring back the bleeping bucket of water I already told you she's a
slut!!!"
LOBATAN!!

Pls any ideas on how I can get a cd copy of d ibo ent movie Rattle Snake? Feel lyk seeing it again

Pls I need ideas on creating my own blog

THIEF AND MAD MAN. A thief broke into a mad man's house and stole a TV. He took off and started running. The mad man also ran after him. The faster he ran, the faster the mad man also ran after him. Finally he got tired and stopped, the mad man also stopped. In a provoking manner, the thief asked '' EHEN, WETIN HAPPEN? ''. . . . . . . . . . The mad man replied '' TAKE.NA THE REMOTE BE THIS

Dis dude tho