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Nairaland Forum / Nairaland / General / Business / SPONSORED: 7 Businesses You Can Start For Under N150, 000 (1202 Views)
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SPONSORED: 7 Businesses You Can Start For Under N150, 000 by Punctual(m): 3:41pm On Apr 04, 2017 |
N150k? No way! People erroneously think
they need to spend, borrow or raise a lot
of money to start running their own
business. False! There are several
underserved needs around you that can
be tapped into without much capital on
your end but skill, planning, and access to
the right source for materials. The
economy may be facing dark days but
there is no reason you can’t thrive.
So whether you want to run a side hustle
or immerse yourself fully in becoming
your own entrepreneur, here are 7
businesses you can start for N150k and
enjoy profitability almost immediately.
1. Cake / Pancake / Cupcake baking and
decorating: Baking can earn you a lot of
money and if you already know how to
bake, it is a great business to start. What
you need to give you differentiation is
proper flour mixes, creative decorations,
cake molds and toppers. “I buy gold dust
supplies and themed cupcake holders that
I use for birthdays, bridal showers and
you those events people like to be
creative. Things I can buy for under
N1000 for a dozen on Ebay via the
MallforAfrica App, goes for N3000 in the
local market, that’s if I find it” Hassan,
Frosts and Froths.
2. Custom Wig Making and Hair Retailing:
This is a very rewarding business with a
recurring customer base. Starting with
N100k, you can earn returns of up to 4x
your initial investment. The main
requirement for success is being able to
source unique and high quality supplies
for wig making at low cost. If reselling is
what you are after, you can get ready
made wigs, natural hair products and
other hair pieces. One of our long
standing customers Mide of Mide’s Hair Ng
gets her supplies from the US via us. She
makes custom wigs and weaves as well as
serves the natural hair market with highly
sought after products like Shea Moisture,
Cantu etc. on Ebony Line Hair Store, and
Ebay, which she buys for a 3rd of the price
and sells for lower than big super markets
and local online retailers.
3. Party Planning and Decorating: “My
business picked up when I discovered
Party City on the MallforAfrica App. I went
from having the same old things that
every other party planner and caterer gets
from Okearin, to becoming the person to
meet in my area, if you wanted a
distinctive party theme. I used to admire
big planners thinking these things were
expensive, until I was introduced to the
store and wow! With N65k I decorated
two bridal showers and made a lot more
than I imagined! I’m now my own boss,
quit my 9-5 for this. My best find was
customizable mason jars at N200 each,
which were the rave of the moment”
Uche, Partipaks Showers. Who doesn’t love
a good party? Especially Nigerians! Party
planning can be overwhelming and this
need is business for you to exploit. This is
one venture that pays for itself without
upfront capital from you, get the customer
and pass the cost to them only your
creativity is needed. However, you can buy
sample products to showcase your
capability and attract clients. Instagram is
a good place to showcase your business,
remember the most inimitable it is, the
better an audience you will get.
4. Make Up Artists/ Cosmetics Reselling:
Cosmetics is a virtually recession-proof
business because it’s an inexpensive way
for people to feel good about themselves.
You can take your love and knowledge of
cosmetics from enthusiast to
entrepreneur in many ways. For one in
addition to being a makeup artist you can
become a blogger and influencer for
brands, as well as reselling make up.
MallforAfrica gives you access to top
brands/stores including Fashion Fair, Ulta
Beauty, Sephora, NYX, Becca, Smashbox,
Anastasia Beverly Hills etc.
5. Corporate Branding / Gift Hampers:
This is a great business that can be your
side hustle, the best part is you don’t
necessarily need to keep inventory but
buy when your customer needs. The
MallforAfrica advantage is giving you
direct access to top wholesale retailers of
promotional items for brands and even
unique wedding favours /souvenirs. You
can get cups, tshirts, key rings, tumblers
for as low as N20 depending on product
and quantity.
6. Soap Making and Spa Products: People
value handmade items like these especially
as they are customizable and make great
gift items. Soap making items like essential
oils, soap molds in various distinctive
designs, perfumes, and packages are
available for cheap on MallforAfrica stores
such eBay, Overstock and Amazon. You
can also place specialized orders on
various stores using the custom order
feature that is available on
MallforAfrica.com “I started making soaps
as a necessity after the birth of my son
who had certain allergies and needed
special organic products 2 Likes |
Re: SPONSORED: 7 Businesses You Can Start For Under N150, 000 by mascotblaze(m): 6:48pm On Apr 04, 2017 |
Amazing piece ...... |
Re: SPONSORED: 7 Businesses You Can Start For Under N150, 000 by eezeribe(m): 8:05pm On Apr 04, 2017 |
OK |
Re: SPONSORED: 7 Businesses You Can Start For Under N150, 000 by letitrainnow(m): 10:27pm On May 20, 2022 |
Great |
(1) (Reply)
I Need A Sample Business Plan Of An Author/ Writer. / Invest In A Shoemaking Factory / "
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