8 Ideas For Business You Can Start With 20000 Naira

The idea of starting your own business comes to most of us sooner or later, but not everyone has the capital for becoming a businessman. Everyone wants to know about business ideas in Nigeria with low capital, and here are the best of them. Find the business you can start with 20000 naira right now!

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1. Baking

One of the best small capital business at home in Nigeria today is baking. If you’re wondering: “What business can I start with 5000 naira?“, the answer is baking cakes and other sweet treats for money. Advertise your services online, take orders for wedding and birthday cakes, invest in better equipment, and soon you’ll have a blooming home bakery that requires virtually no starting capital.

2. Selling goods online

This is one of the most sure-fire ways to become a successful businessman these days. It’s the answer to the question: “How can I make money online working from home?” Buy products like clothes, jewelry, makeup, mobile phone accessories, small gadgets, or baby products, and sell them to hundreds of thousands of Nigerian buyers on Jiji.

3. Beauty services

Even in tough times everyone wants to look good, and you can use it to build your new career. If you enjoy styling hair, doing manicures, applying makeup, or providing grooming services to men, then being a beautician at home is your best option when you’re wondering “What business can I start with 10000 naira?” You can do it at home, and your only investment to start is beauty products and tools.

4. Newspaper sales

You may think that most people prefer to get their news from the internet, but the truth is that newspapers and magazines are still big in Nigeria. Build your profitable business in Nigeria with little capital by buying newspapers in bulk and selling them in places like markets and busy streets. Soon you can have your own little newspaper shop, but you can do it even from the front of your own home.

5. Selling your old stuff

If the idea of selling stuff online seems attractive to you but you only have money for the minimal starting capital, check out the next business with low capital and high profit – selling the things you no longer use. You can sell old clothes and shoes, furniture and home appliances, mobile phones and electronic, and even cars – you will easily find the buyers when you sell on Jiji.

6. Grocery business

Opening a grocery store will take much more than 20,000 naira, but you can start your career in the food industry by buying just one certain food product in bulk and reselling it for a profit. You can choose from rice, beans, oil, eggs, flour, sugar, and dozens of other food groups and sell in the market, in your own neighborhood, or online to other Nigerian buyers.

7. Farming

In case you’ve saved some money for finally launching your own business and are now wondering: “What kind of business can I start with 50000 naira?“, the answer is farming. The good news is that you can farm nearly everything depending on your budget and location: from snails to poultry, from tomatoes to pineapples, and from fish to pigs.

8. Catering

If you love cooking and clearly have a talent for preparing delicious and appetizing meals, your best option for starting a business is launching a career in catering. At first, you can do the cooking at your home and be your own manager, cook, and waiter. You’ll need to invest in equipment for cooking and transporting food to the customer’s location.

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My name is Inna. I am a content writer with an English and literature background. As a mother of a 3-year old son, I love learning about children’s health and development, as well as finding new interesting toys and activities for my little one. I am also in love with all things tech and always keep my finger on the pulse of new smartphone and gadget releases. Another big passion of mine is beauty and makeup – every day I read about new trends in skin care and makeup and always look forward to trying them. Plus, I love pop culture, travelling, crafts, and anything that can make our daily life more thrilling!