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10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 - Business - Nairaland

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10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 12:51pm On Mar 20, 2016
Hello aspiring and existing young entrepreneurs, I hope life is treating you guys good? I do believe it is despite the present tight economy, which should also give you more zeal to start up a thriving business now.

Today, I want to share with you, some business ideas you can startup from your home, school or office with anything between ₦20,000 - ₦100,000 ($100 - $500).

The ideas I am about to share with you is mainly for small scale startups with Nigeria as the business environment, and it is mainly for people with little or no startup capital, but willing to succeed in small scale business venture.

First, let me share my own personal experience with you to encourage and inspire you to start up a business today.



I have always loved to do business even while I was still in the higher institution studying.

I would buy things in Lagos and resell in my campus and make good profit margin that helped sustain me in school.

Immediately after my graduation in 2008, I started another business; computer game center with football viewing section, which earned me very good money that I also used to sustain myself and prepare for my NYSC.

I made an average of ₦2000 - ₦3,500 everyday on this business, and it was a partnership business. I didn't have enough money to start the business alone, so I convinced a family member and partnered with him to startup the business, so we shared the profit according to our contribution, strictly business terms no bringing in family sympathy.

Shortly after my NYSC, I ventured into another business because the other business shutdown due to poor management by the people I handed it over to while going for my NYSC.

So I relocated to Lagos after my NYSC and started another business in partnership with a secondary school classmate I reconnected with at a Church service in Lagos.

This time, it was diesel supply business. I used this to keep myself busy while applying for jobs and attending interviews.

From there, I saved up some capital too before I got a small job and quit the business- my mistake number 1! Don't quit your business for any job that pays less than ₦150,000 as at today.

Consistency is the key to success in business and entrepreneurship; be consistent in one business and let people know you with that one business, and you will sure become a success with time; I applied this principle in my business life, and today, it has paid me hugely.

Now, let. Me spare you guys the long stories...

Haven been active in business for some years now, I can boldly tell you that there are still businesses you can start from your home or office with anything between ₦20,000 to ₦100,000 and still make profit, and they include:

1. Sales of Mobile Phone Accessories
No doubt, gadgets and phones are one of the hottest products to sell in Nigeria today; this owe tribute to the increasing demand of modern communication amongst young and old Nigerians.

With just ₦30,000, you can start a phone accessory sales business.

You can contact me for details of how to buy phone accessories at cheap wholesale price.

My E-mail is: frankywealth@outlook.com


2. Bean Cake Frying
If you want to be rich or financially successful in life, you must take away shyness and pride.

Bean cake, also known as 'akara' is no doubt a fast moving consumer item that sell well in any part of Nigeria. If you want to make big money from this, then locate a business area, market or office environment with many offices or companies and set up your bean cake frying business and watch out the result.

Note: package yourself well, be neat, keep your frying pan, fire, etc clean and modern, and watch people beg to give you their hard earned money.

Add something like: fried chicken, gizzard, potato, etc to it and see what happens.


3. ‎Mobile Mini Restaurant:
Everybody loves to eat, we all are working to eat and live longer....so no matter your class or status in life, you must eat.

Now, you need to cash in on this secret to make some cool cash for yourself and possibly turn it into a big restaurant brand, it's very possible, all you need is dream, strategies, start and expand!

Wondering how to start this business? You don't need heaven and earth to start it, just start with your existing cooking utensils; wash them clean, get a gas stove....wake up early, go to market, buy the ingredients, cook, package in a cooler, get your neat and stylish plates and spoons ready, get take away packs in case....buy a wooden bench, like 2 or 3 for a start, now find an office environment where there are companies or corporate offices and go find a corner with your umbrela.

If you can't cook, partner with a lady or guy that knows how to cook because being able to cook good and tasty food (rice, beans, fried plantain or dodo, vegetable soup, afang soup, egusi soup, etc) is the key to growing fast in this business.

For details contact me.


4. Mobile Mini Snack Bar or Spot:

This is similar to the business explained above. The only difference is that you won't be cooking but rather will rely on snacks; doughnut, meat pie, buttered bread, toasted bread (buy a toaster, get egg mixer too, so u can toast bread for customers on request), get a cooler, ice block, soft drinks (coca cola, sprite, pepsi, malt, viju milk, etc).

This is advanced Mai Shai.


5. Food Stuff Sales:
Like I said earlier, remove shyness and pride if truly you want to make it financially big in life. Most shy and proud people end up broke and needy, if you doubt me, check around you...all those guys and ladies that don't send anybody and do crazy things to survive always end up popular, influential and of course rich, while the shy ones beg to feed

Back to the topic....food stuff sales...focus on stock fish, dried fish, beans in large scale/small scale depending on your startup capital.

If you do this well, you may end up establishing big food stuff store than you ever imagined....i know people who started small in this but now big and living luxury life like those in entertainment industry.


6. Hair Salon - ladies and gents:

This business has made so many broke guys and ladies financially independent and still making more.

The most thriving is women salon....if you are a guy and you can lower your pride to learn how to make and fix women's hair, then you are on your way to stardom and no more spending to get a girlfriend if you are single...lol....because ladies, I mean super pretty ladies will be flocking around you like bees flock around nectar.

All you need is a good location, know your job...be jovial and free, and money will chase after you.

One secret to making money is doing the opposite of what others are doing....break the tradition....defile the rule, how? for instance, if you are a guy, instead of going to learn how to barb and opening a male barber salon, learn how to fix women's hair and open women hair salon instead‎.

Add manicure and pedicure ‎to this and you are made!

Also....think of adding makeup section....to be handled by guys...


Same way, if you are a lady, instead of learning how to fix women's hair, go for male barber salon and watch all the guys run to your barber shop just to feel your hands on their big head lol.

But please, make sure you know your job....learn to do a very distinct and lovely job.


7. Start a Marketing Company:

Marketing and sales are the heart of every business or company....so anybody that can help business and company owners sell their products and services will sure be rich!

This is exactly what Facebook, Twitter, etc are doing to make money....they established a platform where people gather to socialize and catch fun...and they monetized their platform by using it to market businesses and companies....hence, driving sales for their products and services.

Now, you don't have a popular website or social media platform like Facebook, Twitter, Instagram, etc...but you have skill....you have time....and you know people too.

Now, think, you have some unemployed friends, classmates, paddies, etc....coordinate them and build an independent marketing company that will focus on helping different business and company owners sell their products and services on commission base.

Do you know why business and company owners will accept working with you? Because they don't need to pay you monthly salary whether you bring in sales or not....so they will only pay you when you make sales for them, hence you have helped them to cut down cost and maximize profit.

What products to market?

Phones....cleaning services....audio visuals....fuel, gadgets....wedding event solutions....party event solutions....flight tickets....hotel reservation....insurance plans (don't fear this, people are making huge money from this), cars, lands, properties, clearing and forwarding services, web design solutions, social media solutions, etc.

Now, to add value to your customers and to attract them, you will need to strike a special deal with the businesses and companies you want to market their products and services to get discount on sales....so that people will see an advantage buying from you than buying directly from the main business owner or company.

Form a group of say 5 ambitious and focused people; best practice is 3 pretty ladies, 2 guys....


8. Blogging and Internet Marketing:

This is self explained....you don't need much money to start this....don't take it as a hobby....take it as your business....handle it the way business owners handle their business and success will be yours.

If you need more info on how to get started....kindly contact me or simply get my ebook bundle for a detailed guide.


9. Mini Importation:

This topic has been over-emphasized....find time to search and read through different articles on this topic....or get my ebook bundle for eye-opening step-by-step guide.


10. Transport Business Management:

Transportation business is a very lucrative business in Nigeria if not for bad drivers!

Many people have passive capital they would have loved to invest in transport business, but with the stories of how drivers (bus, taxi, keke, okada) swindle owners who spent their hard earned money to acquire the car, bus, keke, or bike they are driving is enough to discourage people from investing in this business.

Now, every problem in the society creates an avenue to become rich for smart thinkers in that society.

So to cash in on this problem of bad drivers, you can liaise with your church pastor or imam to set up a transport management business, targeting your church members as first clients.

With your pastors or imam's good reputation, members will most likely invest.

Now, you will need to find a way of hiring only credible drivers with traceable personal information....in case he decides to misbehave.

I will also suggest you recruit drivers from your Church or Mosque....shame won't let them mess up.

Follow them up on hourly basis....morning, mid-day and evening to ensure all is well with the asset (vehicle, bike or keke).

How you will make money from this?

You will charge every transporter a monthly management fee....the driver will pay to you, and you remit back to the owner of the car, keke or bike, after deducting your own agreed monthly management fee.

Someone I know charge ₦20,000 for keke‎, ₦30,000 for bus (danfo), ₦50,000 for LT bus.

I will suggest that you also insure the asset.

The game here is to get as many vehicles and tricycles (keke) as possible to manage.

I will be dropping my pen here for now....if you have any question or need any info, don't hesitate to contact me and I will be glad to assist you.

18 Likes 3 Shares

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ashatoda: 1:21pm On Mar 20, 2016
following
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Paulpaulpaul(m): 1:27pm On Mar 20, 2016
@op, you forgot prayer and deliverance centre.
Trust me it cost less than 10k

6 Likes

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 2:45pm On Mar 20, 2016
Paulpaulpaul:
@op, you forgot prayer and deliverance centre.

Trust me it cost less than 10k
lol, that will fit you o, your name alone (Prophet Paul Paul Paul grin) will drive customers cheesy

2 Likes

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Paulpaulpaul(m): 5:24pm On Mar 20, 2016
ourchoice:
lol, that will fit you o, your name alone (Prophet Paul Paul Paul grin) will drive customers cheesy


OK, let's collaborate
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Booty4me: 5:56pm On Mar 20, 2016
cool
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by folak48(f): 7:03pm On Mar 20, 2016
This is awesome, welldone @OP
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 8:29pm On Mar 20, 2016
Paulpaulpaul:



OK, let's collaborate
I will interview you o...and one criteria to pass the interview is that you must perform a miracle....I will get someone for you to heal or sth to show me you can perform if we collabo grin grin

3 Likes

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 8:30pm On Mar 20, 2016
folak48:
This is awesome, welldone @OP
welcome Fola...you can always visit frankwealth.com for more tips on how to make money online and offline
Booty4me:
cool
wink
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by seoxpert(m): 9:21pm On Mar 20, 2016
Nice one
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Nobody: 11:43pm On Mar 20, 2016
You try OP, good one.

1 Like

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by pointstores(m): 12:42am On Mar 21, 2016
great

1 Like

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Valwezzy(m): 1:03am On Mar 21, 2016
Nice one @Op
I'm very much interested in the transportation biz..
I need more guild lines abeg..
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by babadem2much(m): 7:39am On Mar 21, 2016
Indomie n mai shayi spot be d koko.

as man must wack early momo or any time of the day to keep body n soul

OP You refuse to mention. begging I mean coperate grin grin
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 8:43am On Mar 21, 2016
Valwezzy:
Nice one @Op
I'm very much interested in the transportation biz..
I need more guild lines abeg..
Its a very thriving business.

Steps to take:

1. Meet your local pastor (new generation churches work best) and discuss this with him convincely. Make him understand how profitable transportation business is if not for bad management and driver wahala.

The tell him your plan to solve it and partner with him to start the business of transport management for people, starting with members

Pastor knows how to get people to buy keke, bus, taxi, etc

Also, there are several micro finance banks giving loans for keke purchase.....visit any MFB near you for details on that

2. If you have an office, that's great....if you don't have, rent one, a small office space....that's after you have discussed with your pastor and he buys the idea and promises to convince members to invest or to bring their existing keke, buses, taxis for you guys to manage

You will get clients faster if you have driven keke, bus, taxi before....you leverage on your experience of the industry, nevertheless, you can still start afresh....put up a small advert on local newspaper....it doesn't cost much

3. Furnish your office to look neat and serious....or use any space you have presently, it doesn't matter but make sure you have a place your clients can comfortably come to see you for business chats

4. Register a company name.....that's when every other thing have been set

5. Get a sign post if necessary

6. Keep telling people what you do...and tell friends to tell their friends too...you can create flyers

7. Design an Excel sheet for your cost and charges....I can help you when you are ready to start

8. Design sticker and stick on some buses, keke back....etc.....most drivers won't agree, talk to them and convince them

9. A radio jingle will be fine if you can afford it, but that's after you have started having clients

10. You need a legal backing....

Start first and let me know....will help you with more details as soon as you get started....its a very lovely business with great potential...all you need is to win people's trust and please never fail them.

2 Likes

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 8:50am On Mar 21, 2016
babadem2much:
Indomie n mai shayi spot be d koko.

as man must wack early momo or any time of the day to keep body n soul

OP You refuse to mention. begging I mean coperate grin grin
lol...don't underrate these business ideas....they are for broke startup entrepreneurs but they have great potential of turning a serious person into a millionaire with time and dedication....I have testifiers


Do you know "Make Me"? I know him and know when and how he started....today, rich, classy ladies fly down all the way from Abuja, PH, etc just to make their hair at "Make Me".


There is one Calabar guy who used to be broke and homeless but realized how to use his potential to make money without shame....he opened a small restaurant....today, his restaurant at Ajah is a place for the rich class only....a plate cost as much as 750 and above....and guess what? He drives a Range Rover now....and still cooking....but have many workers too.

So in life, if you want to make money to become rich in future, you must apply these principles:

1. Be bold and don't be shy
2. Remove shame
3. Do the opposite of what others are doing more creatively
4. Plan to expand
5. Be consistent; don't start bean cake frying today, and after a month, you abandon it and start riding keke, and then bus, and then hair making, you will never make money...you will keep running around
6. Appreciate, admire and celebrate successful people wholeheartedly
7. Don't envy

13 Likes

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 8:51am On Mar 21, 2016
seoxpert:
Nice one
pointstores:
great
wahabian:
You try OP, good one.
Thanks guys smiley

1 Like

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Valwezzy(m): 9:14am On Mar 21, 2016
ourchoice:
Its a very thriving business.

Steps to take:

1. Meet your local pastor (new generation churches work best) and discuss this with him convincely. Make him understand how profitable transportation business is if not for bad management and driver wahala.

The tell him your plan to solve it and partner with him to start the business of transport management for people, starting with members

Pastor knows how to get people to buy keke, bus, taxi, etc

Also, there are several micro finance banks giving loans for keke purchase.....visit any MFB near you for details on that

2. If you have an office, that's great....if you don't have, rent one, a small office space....that's after you have discussed with your pastor and he buys the idea and promises to convince members to invest or to bring their existing keke, buses, taxis for you guys to manage

You will get clients faster if you have driven keke, bus, taxi before....you leverage on your experience of the industry, nevertheless, you can still start afresh....put up a small advert on local newspaper....it doesn't cost much

3. Furnish your office to look neat and serious....or use any space you have presently, it doesn't matter but make sure you have a place your clients can comfortably come to see you for business chats

4. Register a company name.....that's when every other thing have been set

5. Get a sign post if necessary

6. Keep telling people what you do...and tell friends to tell their friends too...you can create flyers

7. Design an Excel sheet for your cost and charges....I can help you when you are ready to start

8. Design sticker and stick on some buses, keke back....etc.....most drivers won't agree, talk to them and convince them

9. A radio jingle will be fine if you can afford it, but that's after you have started having clients

10. You need a legal backing....

Start first and let me know....will help you with more details as soon as you get started....its a very lovely business with great potential...all you need is to win people's trust and please never fail them.



Thanks a lot bro.. I really appreciate.

By the way, you seem to know much about online businesses too.
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 9:17am On Mar 21, 2016
Valwezzy:


Thanks a lot bro.. I really appreciate.

By the way, you seem to know much about online businesses too.
Yeah I do....you are so welcome smiley
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by red19: 11:51am On Mar 21, 2016
Do u have idea about provision biz?
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by red19: 11:51am On Mar 21, 2016
I want to know if its lucrative?
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 2:19pm On Mar 21, 2016
red19:
Do u have idea about provision biz?
Very lucrative, I intentionally omitted it because it requires more than 100k startup capital if u want to establish it well.

If u set it up properly, with time, u won't invest money again stocking grocery items to sell because people will be supplying u items on credit, u pay them on intervals; weekly, semi-monthly, etc depending on how fast their product sells.

I endorse it!
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Faith111: 3:07pm On Mar 21, 2016
You listed a point ive made real money from. NOT just hundreds of thousands but some good money.
Graduated with a 2.1 at a good age...
Never failed any aptitude test, i mean good coys...
Well i'll share my success story one day when i become a celeb...
My advice to young graduates is Scratch your brain and get ideas and start off, it may not pay off initially but will definitely pay off on the long run.
I know how frustrating Jobhunting could be. People like Lero15, Singlefade and many more on Job section definitely attest to my hustle if i use my other Username.
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by bolaji73(m): 3:17pm On Mar 21, 2016
ourchoice:
Yeah I do....you are so welcome smiley
please, drop your whatsapp contact. We need to talk on the phone accessories business.
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 3:19pm On Mar 21, 2016
bolaji73:
please, drop your whatsapp contact. We need to talk on the phone accessories business.
Send me a mail, I gave u my E-mail, I can't drop my no here
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by ourchoice(m): 3:25pm On Mar 21, 2016
Faith111:
You listed a point ive made real money from. NOT just hundreds of thousands but some good money.
Graduated with a 2.1 at a good age...
Never failed any aptitude test, i mean good coys...
Well i'll share my success story one day when i become a celeb...
My advice to young graduates is Scratch your brain and get ideas and start off, it may not pay off initially but will definitely pay off on the long run.
I know how frustrating Jobhunting could be. People like Lero15, Singlefade and many more on Job section definitely attest to my hustle if i use my other Username.
Glad to read from someone with practical experience. You can as well shed more light on it to encourage and enlighten others more.

I know people doing very well in most of the businesses I mentioned here, reason for my mentioning the ideas.

May u continue to rise in your endeavors

1 Like

Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by folak48(f): 3:51pm On Mar 21, 2016
For the transport biz dont you think it will be appropriate to liase with a law enforcement agent, make legal contract documents have personal mechanic etc to curtail the excesses of drivers.
2. How does one deal with the vehicle maintainance, is it frm the proceeds or who bears it? Thanks
@Faith111 pls lets know the biz in particular to help in bailing us out of the shacles of poverty thanks.
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Faith111: 5:57pm On Mar 21, 2016
Double post
Re: 10 Hot Profitable Business Ideas You Can Start From Home With ₦20,000 by Faith111: 6:31pm On Mar 21, 2016
folak48:

@Faith111 pls lets know the biz in particular to help in bailing us out of the shacles of poverty thanks.

ourchoice:
Glad to read from someone with practical experience. You can as well shed more light on it to encourage and enlighten others more.
I know people doing very well in most of the businesses I mentioned here, reason for my mentioning the ideas.
May u continue to rise in your endeavors

The secret for ME is number 7: Marketing and Sales...I'm grudgingly exposing my secret.

Its simple. Go to companies that make products or render services and tell them that you want to market their products and ask what your commission will be.
I dont mean GNLD or other suffer head products o. I mean products or services that already have a market.
e.g It could be as simple as partnering with different good schools or Creche centres in your area on commission basis and refering parents to the different schools depending on their pocket size. Just exchange their contacts or give a referral note or take them there yourself.
Remember no one wants to do biz with an hungryman so package yourself and have good knowledge of whatever sector you decide to go into so your client can trust your recommendation. Sectors to market may include Education, Fashion, Health, Construction, Food e.t.c. You don't really need startup capital.
Note: You can work with competitors in same sector so you don't lose your Client in anyway due to price or quality. Afterall, you are not on anyone's payroll n youre not answerable to any1.

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