₦airaland Forum

Chiden:
I have a shop somewhere in Jikwoyi, Abuja. I started with selling Attachments and i didn't succeed with it. I had to sell off the attachments to a neighbor at wholesale prices (even lower) on credit too. Shop rent's counting and there's nothing in the shop cry I would want to borrow from Fairmoney or carbon and start up another Business. But this time I would want something that will sell, I'm thinking raw foodstuff but I don't have enough capital for it.


(Moreover, Business in that environment is really slow)

I'll like to know what possible Businesses one can start with 50k or less please

ugnoble:
Your best bet would have been Foodstuffs, as it's what people readily needs.
However, the issue is with the funds you have.

Modified:
You can also see if selling bags of pure water is profitable, if so, you buy and resale on a slightly higher price than wholesale price.
The 50k can go a long way since you already have a shop.

Chiden:
I have a shop somewhere in Jikwoyi, Abuja. I started with selling Attachments and i didn't succeed with it. I had to sell off the attachments to a neighbor at wholesale prices (even lower) on credit too. Shop rent's counting and there's nothing in the shop cry I would want to borrow from Fairmoney or carbon and start up another Business. But this time I would want something that will sell, I'm thinking raw foodstuff but I don't have enough capital for it.


In whatever decision you eventually take, please dont borrow money to start a business. If you do, you will plung yourself into huge debt.

You said business is slow in that area, here is my candid advuce; you dont need a shoo for now.

You can start dropshipping to raise money(you don't need money to start this). Gradually, you will be able to save money to start your business.

If you have the 50k on ground, you can test some product on your whatsapp status, navigate your environment, look for what people want and often buy, you can invest on that and start selling from your room .

(Moreover, Business in that environment is really slow)

I'll like to know what possible Businesses one can start with 50k or less please

buttlover:
nigger, pack up and rent out your shop. use the 50k to eat good food. no business with below 500 k survives in abuja unless you sell like market woman

Chiden:
I have a shop somewhere in Jikwoyi, Abuja. I started with selling Attachments and i didn't succeed with it. I had to sell off the attachments to a neighbor at wholesale prices (even lower) on credit too. Shop rent's counting and there's nothing in the shop cry I would want to borrow from Fairmoney or carbon and start up another Business. But this time I would want something that will sell, I'm thinking raw foodstuff but I don't have enough capital for it.


(Moreover, Business in that environment is really slow)

I'll like to know what possible Businesses one can start with 50k or less please

Chiden:
Just water? Would it really sell? Although I'm surrounded by people who sell drinks and water too

ugnoble:
Sorry I'm replying late, I have been away.

Yes, selling just water can give you profits if people around get to know you're a major dealer and if yours is a bit lower in price.

And just like someone suggested up there, consider Akara and Bread Business too since you're a lady. Just don't frown on it as it also generates good income.