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10 Business Ideas To Start With 100K In Nigeria That Will Make You Millions

Business Ideas

It is common for people to ask me for business ideas they can start with 100k or less because I work in an entrepreneurship support organisation. Because of the frequency of this question, I figured that a thousand others with little savings or funding may also have the same challenge.

See Also: 60 Online Businesses You Can Start From Home And Become Rich

35 Booming Business Ideas
Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

As a result, I decided to put together 10 business ideas you can bring to life with just 100,000 Naira. If you are focused, diligent, hardworking, honest, consistent with good customer relationship skills, in no time, you will turn your 100,000 Naira to millions.

Share these business ideas with your friend and do well to add to the list in the comment session.

Watch the full video on the different business ideas you can start with N100K or less here. Also, subscribe to our channel to get more business ideas and insights.

10 Business Ideas To Start With 100k Or Less

Organic Drink Production And Sales

People are becoming increasingly aware of the health implication of processed food and soda because of the high rise of stroke, diabetes, and high blood pressure. This has caused a constant drift from soft drinks to naturally made drinks and fruit juices, without sugar, and additives.

So, anyone who goes into production and sales of naturally made drinks now is in to make lots of profit. Some examples of naturally made drinks are smoothies, fura da nunu, tiger nut drink, and freshly made fruit juice.

All you need to transform this business idea into a profitable venture is a blender, desired fruits, and ingredients, plastic bottles, and a refrigerator.

See Also: 100 profitable business ideas to start now for aspiring business owners.

Business Ideas

Phone Charging Business

It is no longer news that having stable and constant power supply is a challenge in Nigeria. Your target audience for this business are not people who have alternative source of power supply but those who don’t. So, this should be considered when deciding a location for your business.

All you need for this business is a power source, and a large wooden board with lots of switches, to accommodate lots of phones.

NYSC camp is a very good location for this business idea, as corpers have nowhere to charge their phones, and would pay any amount to charge their phones. Rural areas are feasible locations for this business as well.

See Also: Service-based business to start now for aspiring entrepreneurs

Business Ideas
Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

Production Of Organic Skincare Products

Recently, there has been this rave for organic skincare products. Everyone wants to go organic, as there has been more sensitization on the harmful effects of inorganic chemicals in skincare products.

Starting a skincare business is very affordable, as all you need are your materials and containers. Containers can be gotten from Ojota market, for those that are based in Lagos.

From your first production and sales of handmade bathing soap, body cream, body scrub, etc. you start making a profit, as organic skincare products are usually fast-moving consumer goods. You can watch tutorials on how to make these products on YouTube or Instagram.

See Also: 9 funding opportunities for women-owned businesses in Nigeria

Business Ideas

Production And Sales Of Bedsheet And Pillowcase

Ideally, every home owns at least a bedsheet or two, while some families own more than five bedsheets, depending on the family’s size.

So, there is no way one would go into this business without making waves. What do you need to start? You need to buy quality materials in bulk, then give them to a good tailor who sews the materials into bedsheet and pillowcase. After that, you can sell away through social media or your business website.

See Also: Learn the qualities that would help you create wealth

Laundry/Dry Cleaning Services

The stress from the 9 to 5 job or for the entrepreneur running around to ensure the business is running smoothly is enough to wear out the body. Weekends are for spending time with family and relaxing for the next week’s hustle. With this kind of busy schedule, most people will not mind paying for this service.

To start, reach out to families who need this service and you can service as many families as possible. You can get paid between N3000 to N10,000 by each family depending on how you package yourself.

All you need to start a dry cleaning business is a small washing machine and an iron. You can start small, then expand as the business grows.

See Also: The things nobody tells you about entrepreneurship that will surprise you.

Business Ideas

E-payments/POS Business (Agent Banking)

Do you know that some people just don’t like going to either an ATM or the bank? To them, it just feels like a big punishment. They prefer to walk into a nearby e-payment outlet for their banking transactions even though they are charged a transaction fee.

You can become a banking agent and own an e-payment outlet. To become an agent, go to any bank of your choice, and register to become one of the bank’s agents. After registration, you would be given a POS machine. While some banks give their POS for free, some charge a small fee for it.

See Also: 10 practical ways to reduce business expenses for your small business.

Grilling Business

Suya – locally grilled cow meat, majorly made by the Hausa’s has been an all-time favourite, for as long as I have known my name. To date, children and adults alike still crave this delicious treat.

Yes, Suya is baba in this game but we must also acknowledge that grilled fish, chicken (barbeque), goat meat (asun), etc. are gaining ground in the market.

The best part; grilling any of these ‘protein‘ is not peculiar to only mallams (like suya), as anyone can go into the business of grilling and selling these delicacies to customers.

Asides having a permanent stand, you can go to grill at parties, dinners, birthdays, etc. and make some cool cash. All you need for this business is a griller, desired ‘protein‘ and spices.

See Also: Business plan sample for small business owners

Business Ideas

Barber’s Shop

It is a necessity for males and females on low cut to trim or get a hair cut regularly. The point is, people always visit a barber’s shop to either have a hair cut or shave their beards. There is a ready market for this business therefore, you cannot go wrong with this business idea.

All you need to start the business is a store, clippers, small combs, sterilizers, generator etc. These won’t cost up to 100,000 Naira depending on the location.

See Also: Reasons why you need a business plan for your small business.

Pop Corn Production And Sales

Popcorn is one of the many treats I am grateful for in this life. It is loved by almost everyone, young and old, male and female. Popcorn is also a good companion for the movies.

Therefore, you can’t go wrong exploring this business idea. All you need to start this business on a small scale is fresh and moist corn, popcorn machine, sugar, salt, butter, and any other flavour you would like to add.

See Also: Different classes of a trademark in Nigeria because you need to trademark your brand.

Football Viewing Centre

Football fans can go to any length to ensure they watch their club, country, or favourite player on the field. Therefore, this business idea is going to be a profitable venture, as the fan base of the football sport is numerous worldwide.

To start a football viewing centre business, all you will need is a good location, generator, a flat-screen television of at least 32”, and a Dstv or Gotv decoder. You can as well sell chilled drinks, and grilled ‘protein‘ in your viewing centre to make extra cash.

These business ideas listed above can be started with 100K or less. Ideas are everywhere, the challenge always is execution. You can talk to us on business@entrepreneurs.ng if you need to develop a business model for any of these ideas.

35 Booming Business Ideas

Let’s create visibility for your business by putting you on the world map. This will increase your sales and revenue. Contact us today to start.

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32 thoughts on “10 Business Ideas To Start With 100K In Nigeria That Will Make You Millions”

  1. Francis ifeanyi

    I love all these ideas but I prefer banking agent and charging of phones,
    I pray it works for me. tanks

  2. onche samson

    Thanks for reaching out to us you’ve done great. I want to start a football-watching center business as we speak.

      1. Christabel ehibor

        Thanks for the business ideas. I will like to start a pop corn making. How much will it cost to get what i need?

        1. Thank you Christable for reaching out to us.

          If you will like us to do that research for you, please reach us on WhatsApp- at 08038874148.

          Thank you.

    1. Hello Lifted.

      You’re welcomed. You can reserve us for a consulting session to look at your business needs. Also, we have a plug and play business book that contains 35 Booming Business Ideas you can start now in Nigeria. It’s a crash course and contains all the steps and the exact amount you need to start the most profitable businesses in Nigeria. You can get it here: https://www.entrepreneurs.ng/35-business-ideas/

      Thank you.

  3. Praise John

    am glad to have read through this piece. please permit me to ask a question; is it advisable for one to pay someone to run a barbing saloon for them? or is it safer to do it yourself to avoid being cheated even when you don’t know how to barb yet? thanks.

    1. Hello Praise,

      Thank you for reaching out to us.

      You can always get trained. So, look for a reputable barbing salon and get trained with them. Also we have a comprehensive analysis of 35 profitable business ideas and step-by-step guides to start them. You will find other business ideas options that you can start.

      Get it here:
      https://www.entrepreneurs.ng/35-business-ideas/

      Thank you.

  4. charles OBIOMA

    I want to thank you for this business idea, I have with me now the right information. I say to myself, I will start up a business now. In fact, you are a good businesswoman.

    Thank u so much.

    1. Thank you, Charles.

      We have a more comprehensive guide that’s coming out soon that contains investment cost and marketing strategies to start many businesses. Please, keep tabs on Entrepreneurs.ng because we will make the announcement once it’s launched.

      Thank you.

    1. Yes, you’re right. We have a comprehensive guide on how to start the POS business.

      Also, we have a comprehensive guide coming out soon that contains the investment cost and marketing strategies for starting the POS business and other business ideas.

  5. Thank you for this… Infact, you really pointed out major things I didn’t expect… When I saw the titled, I first asked myself if there is any job one can do in Nigeria of today with 100k but after reading this post… I give you big kudos…

    1. Hello Kelvin,

      Yes, we agree. You can start the production and sales of bedsheets and pillowcases with less than N100,000.

      Thank you for contributing.

    1. My friend and I want to startup a profitable business together with 100k but we have no idea the business that has a lot of turnover in Nigeria

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