With 500k, Which Business Can Guarantee 20k Daily - Business (3)

With 500k, Which Business Can Guarantee 20k Daily - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › With 500k, Which Business Can Guarantee 20k Daily (36195 Views)

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Re: With 500k, Which Business Can Guarantee 20k Daily by Grace201010(f): 4:49pm On Jun 16, 2025

It's in another local government different from the state capital

1 Like 1 Share

Re: With 500k, Which Business Can Guarantee 20k Daily by ambale(m): 4:49pm On Jun 16, 2025

Find a good spot and start shawarma business, or dry cleaning

Add Chapman and some other stuff to it

1 Like

Re: With 500k, Which Business Can Guarantee 20k Daily by bigpicture001: 4:51pm On Jun 16, 2025

Peddling drugs in on the street.... That is the fastest ways to ma. Big Money

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Re: With 500k, Which Business Can Guarantee 20k Daily by Nobody: 4:52pm On Jun 16, 2025

20k daily would mean 100% ROI monthly. Every business man would tell you that's not possible. At least not on a daily basis.

Re: With 500k, Which Business Can Guarantee 20k Daily by gammarays(m): 4:53pm On Jun 16, 2025

Add 5k to that 20k and it'll be 5% return daily. It may be unrealistic and put you in pressure. It's risky too.
Whatever you need to do, make sure your capital is safe.
I better plan on getting X2 or X3 of that in a year than taking risk.
Look at food storage especially palm oil if you're in the South south or south east.
If you have secured land, plant cassava and plantain.
Target yearly profit and go for capital security

3 Likes

Re: With 500k, Which Business Can Guarantee 20k Daily by STYCNig(m): 4:54pm On Jun 16, 2025

1. Learn Goat business, if you kill 5units of goat per day, you may earn not less than that.
2. Go to bush market, buy foodstuff in large qty and resell to retailers. You have to check one of the fast moving foodstuff in your locality.
Note: the 20k is very achievable daily. That's just 4% profit margin of your 500k capital. If inflation is between 23/25%, then you're very considerate and moderate in your profit gap.

Go for a fast moving foodstuff in your area.

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Re: With 500k, Which Business Can Guarantee 20k Daily by oche2020: 4:55pm On Jun 16, 2025

With that amount I will advise you get a good spot, probably closer to where there are estates, get a pressure machine, and open a good car wash spot, washing of cars is good business, if you wash one engine a day you are sure of 5-7k depending on how your charge, and on an average you can was 15-20 cars a day @ 1500 or 2k depending on how your charge that's at 1500 for 15 cars that's a total of 22,500 Naira and at 20 cars at 2k that's 40k so the choice is yours, you can consult me for further information and other business ideas with small money sha.

8 Likes 1 Share

Re: With 500k, Which Business Can Guarantee 20k Daily by koladata(m): 4:56pm On Jun 16, 2025

Start selling cooked rice or swallow that's enough to do that business . Do it on an empty space

1 Like

Re: With 500k, Which Business Can Guarantee 20k Daily by hartson: 4:58pm On Jun 16, 2025

Are you base in PH truely?I will like to show you where you will be buying edible raw seafood at the creeks then sell to big hotels and eatries in Ph and make pass 20k daily

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Re: With 500k, Which Business Can Guarantee 20k Daily by Bamss1(m): 4:59pm On Jun 16, 2025

You want to surely recoup your capital in less than a month..
Maybe Ponzi

Re: With 500k, Which Business Can Guarantee 20k Daily by sammirano: 4:59pm On Jun 16, 2025

Business is more wholistic than this your expectation. Its not your daily regular income but summation of income from a period say weekly or monthly.

Re: With 500k, Which Business Can Guarantee 20k Daily by kedeojo(m): 5:00pm On Jun 16, 2025

I tire for the guy. Many pos merchant don't make that daily with even 500k capital. Na illegal business like hard drugs can guarantee that daily. If the OP get daily profit of 5k with exclusion of Sundays, it can amount to atleast 100k a month. That is a good turnover.

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Re: With 500k, Which Business Can Guarantee 20k Daily by OredoPikin: 5:00pm On Jun 16, 2025

Lol
U are funny

U want to make ur capital in a month.
There is no such business unless u want to take a risk with betting or forex and that will cripple u.

Just start
U can at least be making 2k daily after all expenses

Re: With 500k, Which Business Can Guarantee 20k Daily by 080bjaked(m): 5:00pm On Jun 16, 2025

You are looking for 1,460% interest per annum.
Weh done Sir.

Re: With 500k, Which Business Can Guarantee 20k Daily by PEXBlog: 5:02pm On Jun 16, 2025

I have this but I'm sorry, I won't be giving it out for free.

Re: With 500k, Which Business Can Guarantee 20k Daily by winj3: 5:03pm On Jun 16, 2025

1. POS (Agent Banking) Business
Startup Capital Needed: ₦200k–₦500k
Daily Profit Potential: ₦5k–₦25k (location-dependent)
Why It Works: Nigeria’s cash-based economy still heavily relies on POS agents for withdrawals, transfers, and airtime/data top-ups.
Tips: Choose a high-traffic area with low competition (markets, junctions, rural areas). Have a backup power source.

2. Mini Foodstuff & Provision Store
Startup Capital: ₦400k–₦500k
Daily Profit: ₦10k–₦25k depending on location
Hot Products: Rice, beans, garri, oil, noodles, spices, bread, milk, soap, and recharge cards.
Tip: Start small in a busy area. Package in smaller quantities (₦100, ₦200 packs) to attract daily earners.

3. Mobile Food Vendor (Amala, Rice, Jollof, Snacks)
Capital: ₦150k–₦300k
Daily Profit: ₦10k–₦30k (lunch rush hours)
How: Set up near offices, motor parks, construction sites, or campuses. Focus on delicious, affordable meals.
Bonus: Combine with drinks/snacks for extra margin.

4. Used Clothes (Okrika) Sales
Capital: ₦100k–₦300k
Profit: ₦5k–₦20k daily if positioned well
Target: Youths and low-income earners. Sell via market stalls or Instagram/WhatsApp.

5. Recharge Card + Data Reseller Business
Capital: ₦50k–₦200k
Profit: ₦3k–₦15k daily
Best When: Combined with POS or small shop
Tools: Buy in bulk and sell electronically via VTU platforms.

6. Phone Accessories Sales
Capital: ₦200k–₦500k
Profit: ₦5k–₦25k daily in busy locations
Products: Chargers, earphones, cases, screen guards
Location Tip: Bus stops, campuses, tech markets

7. Shawarma or BBQ Spot
Capital: ₦300k–₦500k
Profit: ₦10k–₦30k daily in urban nightlife areas
Needs: Grill, small kiosk or open space, steady power
Tip: Focus on hygiene, good packaging, and taste.

8. Laundry & Ironing Business
Capital: ₦200k–₦400k (with generator)
Profit: ₦5k–₦20k per day
Add-ons: Pickup and delivery for higher-income clients

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Re: With 500k, Which Business Can Guarantee 20k Daily by IJAYA001(m): 5:03pm On Jun 16, 2025

My GOD , see our future leader looking for armed robbery profit. My brother unless you do illegal business. IRE O

Re: With 500k, Which Business Can Guarantee 20k Daily by victme1(m): 5:05pm On Jun 16, 2025

You can acquire wheelbarrows and rent out to cart-pushers at major markets, garages with high human traffic.

You can buy stocks of soft drinks, energy drinks, chill the drinks and get runners to sell such in high human traffic areas, market, vehicular traffic etc.

Know your runners and cart-pushers sha!
Success!

3 Likes 1 Share

Re: With 500k, Which Business Can Guarantee 20k Daily by MartinsD12(m): 5:06pm On Jun 16, 2025

Very unrealistic expectations business of 500k daily 20k profit you wan thief abi even Keke of 2.5 million no fit give you 20k daily everyday

1 Like

Re: With 500k, Which Business Can Guarantee 20k Daily by obembet(f): 5:08pm On Jun 16, 2025

And u want 20k daily with just 500k... U are too GREEDY o... Why can't u go for cbex then since u are looking at 120% returns in Just 30 days.

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Re: With 500k, Which Business Can Guarantee 20k Daily by PEXBlog: 5:09pm On Jun 16, 2025

E dey well well. He doesn’t even need to spend half of the money self. I'm telling you. Real legit, cool business dey for Nigeria.

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Re: With 500k, Which Business Can Guarantee 20k Daily by STYCNig(m): 5:09pm On Jun 16, 2025

Look for a strategic location and do evening fries with roasted goat meat, pork, fish chicken etc garnish with salad and vegetables.... build it up with yummy taste for 3months, you can see not less than 30-50k profit daily.

Think creatively and go for something that doesn't have a fix price range.

4 Likes

Re: With 500k, Which Business Can Guarantee 20k Daily by Difrent: 5:11pm On Jun 16, 2025

Try selling drugs, you will surly .ale more than that daily

But also know its highly risky and you risk using all your profits to settle police and NDLEA.

1 Like

Re: With 500k, Which Business Can Guarantee 20k Daily by laivwire(m): 5:11pm On Jun 16, 2025

80% profit per month. Isn't that money doubling.

When it's not cbex or some other fraud scheme. Unrealistic.

You need to carry an automatic rifle for this kind of business but you life may be cut short sooner than expected sha.

Re: With 500k, Which Business Can Guarantee 20k Daily by steeltrust: 5:12pm On Jun 16, 2025

For me I’ll suggest you go into agricultural consumable goods here’s how I’ll do it if I were you

First, let’s handle the legal side. You’ll want to register your business with the **Corporate Affairs Commission (CAC)**—that’ll cost you around ₦30,000 to ₦50,000, depending on how fast you want it done. Once that’s sorted, open a **business bank account**—some banks charge as low as ₦5,000 for this, while others might go up to ₦20,000. Having a separate account keeps your business money organized and makes you look more professional.

Next, the most important part—**stocking up on products**. Since you’re focusing on palm oil or other farm goods especially palm oil, you’ll need to find a reliable supplier. With about ₦200,000 to ₦250,000, you can buy in bulk, which usually gets you better prices. Don’t forget to factor in transportation costs—moving goods from the factory to your storage might take another ₦20,000 to ₦50,000, depending on distance.

Now, let’s get your business online. You’ll need a **simple website** where people can see your products and order. If you’re not tech-savvy, you can hire a freelancer for around ₦100,000 to ₦150,000. But if you want to save money, you can actually build one yourself using platforms like **Wix or Carrd**—there are tons of YouTube tutorials to guide you.

To accept payments online, set up a **Paystack or Flutterwave account**—they’re easy to use and won’t cost much to start. Then, create social media pages (**Instagram, Facebook, TikTok, Twitter**) to promote your business. You don’t need to spend much here at first—just start posting regularly. If you want faster growth, you can put aside ₦20,000 to ₦50,000 for ads to reach more people.

For branding, spend about ₦30,000 to ₦50,000 on **packaging and labels**—this makes your products look more professional and trustworthy. A nice logo and neatly packaged goods go a long way in convincing customers to buy from you.

Finally, keep at least ₦50,000 aside for **unexpected expenses**—maybe extra delivery costs, sudden price changes, or small emergencies.

**The key here is consistency.** You might not make huge profits on day one, but if you keep at it—posting daily, engaging customers, and restocking smartly—you could easily start making **₦10,000 to ₦50,000 daily** within a few months. Reinvest your profits to grow bigger, and soon, you’ll be glad you started!

5 Likes 1 Share

Re: With 500k, Which Business Can Guarantee 20k Daily by princejones(m): 5:13pm On Jun 16, 2025

I don't know about your location but l have a guy here who goes into villages to buy palm oil and bring it to turn and sell everyday though he has been long in the business and has a bike for transit.He make up to that amount daily

1 Like

Re: With 500k, Which Business Can Guarantee 20k Daily by moneyissweet(m): 5:13pm On Jun 16, 2025

And one day bandits, herdsmen or ritualists will kidnapped and kill him in the bush and that will be the end..

How una dey manage dey safe for those villages sef??

Re: With 500k, Which Business Can Guarantee 20k Daily by OredoPikin: 5:14pm On Jun 16, 2025

Please share with us
Aside betting and forex cos i done lost over a million on forex and betting this year alone

1 Like

Re: With 500k, Which Business Can Guarantee 20k Daily by kpankpangolo: 5:17pm On Jun 16, 2025

Money doesn’t work like that. Those who make the amount you claim from menial labour put in energy for their wage. If they run out of energy, they don’t make anything for the day. I don’t believe one can consistently make two thousand Naira daily from setting up a business. There are peak times and low times for every organization. Let’s assume there is a business which makes twenty thousand Naira daily. There will be days when thirty or forty thousand, even sixty thousand Naira will be made. There will also be days that rounding up to five thousand Naira from activities will be difficult.

Trying to get rich quick is setting yourself up to get scammed.

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Re: With 500k, Which Business Can Guarantee 20k Daily by CodeTemplarr: 5:17pm On Jun 16, 2025

Only food i can think of. Wishing you the best.

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