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Top Business You Can Start with Less than 200000 Naira ($550)

Sunday, August 06, 2017

/ by Apeh Ikechukwu

And so you have saved up to two hundred thousand Naira and the issue now is that you don’t know what business to venture into with the money. This often happens because you didn’t have any idea at first or just because there are so many ideas in your head and you don’t know which one to take.



 It is important that you carefully go through all the details about a business so as to be on a safer side and to avoid wasting your hard-earned money. In this article, we would be looking at the various businesses you can start with three million Naira and get a high return on investment within the shortest possible time.


The truth is that the ideas we will share in this post are not the usual ideas you see all over the internet. We hand-picked these ones and they are the ones with ready markets waiting for them. Sit back and grab a packet of popcorn as we take you through these mind-blowing business ideas.


Top businesses you can start with less than three million Naira in Nigeria

A4 paper business: as strange as this business idea might sound, it is a profitable business with a very large market. Think of it, in all offices and schools (universities, secondary schools), churches and indeed all business centers, A4 papers are used to a large extent.

This business has a great potential and all you have to do is to import this very cheap from China or just buy directly from importers who import them and then store them in your warehouse or house or anywhere. You can employ delivery agents who will help you deliver them to your customers. They could also be the ones to get potential customers for you.

All you have to do is to answer phone calls, check on customers and ask them if they want A4 papers and making your money in a cool way.

You can search online for importers who deal on A4 papers and you will be glad you did.


Uberpreneurship: This word is not an English word and you might be asking what it means. This simply means being an uber entrepreneur. You buy a car and get a driver who will enroll to Uber (Uber is an American technology company that operates the Uber car transportation and food delivery business in about 633 cities worldwide). They also operate in Nigeria. You can get some second-hand cars and employ drivers to drive for you.

Read more about how to enroll to Uber and know if it is good for you.


Fish farming: so many people tend to neglect agriculture because they think it is not profitable but the truth remains that agriculture is very profitable. Fish is an alternative to red meat and other types of meat and also have some medicinal and nutritional values. In addition, it requires little capital, is a great source of protein and you get to enjoy government support.

All you need to do is to learn the business and tap from the market that cannot be saturated anytime soon. You have to get a site, build a pond and make sure you have a storage facility, source of good water supply, proper drainage system and feed for the fish.

Your direct market could be hotels, event centers, wholesalers and the general public. I bet you that if you learn the art of fish farming and invest in it, you will enjoy it.


Safety tips in going into any business

If you wish to start any other business, it is important that you know some certain things so as to stay safe and maximize profit. These tips include;

Do not ever invest in any online money making scheme: to avoid falling victim of scammers and the rest, we advise that you avoid online investments no matter how lucrative they may sound. Even if you must invest, try legit businesses like Bitcoin, etc.

Never try to invest in betting, HYIPs, Ponzi schemes, etc. because they are all full of deceit and are not true.

Never borrow to start a new business: although so many people borrow and become successful, we advise that you save up the money if you can. If you can’t, then you can get loans from anywhere.
Try as much as possible not to give your money to anyone to do the business for you. 
Even if you have to learn how to do it, then do. If you can’t learn the business, then you must have a very good agreement with anyone that will run the business on your behalf.

Do not use 100% of your money for a business: You should keep a little as a fallback peradventure the business fails.

Conclusion

having discussed our three top businesses you can start in Nigeria with less than 200,000 Naira, we would like to hear from you. Do you think other ones should be added to the list, let us know through the comment section and we will update the list. 


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  1. Interesting but i still need other option if possible thanks

    ReplyDelete
    Replies
    1. Other options? Okay, what are you passionate about? What do you love doing? If you provide me these answers, I will research Virgin business ideas for you.

      Anticipating your reply

      Delete
  2. Replies
    1. Thanks for your reply friend... Would like to know what you need from us. We are here to serve you better. Let us know

      Delete
  3. I don't really know how to get the companies cos I don't like online search. Can you help out?
    08067991593

    ReplyDelete
    Replies
    1. Okay, I would be glad to help you but, I need to know which of the businesses you wish to go into..

      Cheers!

      Delete
  4. Hello I want to start a beauty and spa center. Do you write business plans? I need a business plan for prospective investors. If you do please contact me 08096472117.
    Thank you

    ReplyDelete
    Replies
    1. Yes I do.... Send me a mail at ikechukwuapeh@gmail.com and let's discuss? I would like to know some certain things first...

      Waiting for your mail

      Delete
  5. Uber? I want more explanation on that please. Where do I buy a car for 200k, or what's the logic around that.

    ReplyDelete
    Replies
    1. A careful search around your locale will help you sir. Ask around and you'll find some cars which may be 200000 naira or a little above it.


      Regards!

      Delete
  6. what do you think about forex trading analyses ?

    ReplyDelete
    Replies
    1. it would be wonderful if you can find an expert to either train you or trade for you.

      Delete
  7. am good in hand work and business , currently am working photocopy machine while my profession is electrical electronics engineer.

    I need to fully enter into business please i need business idea. inbox me on vifeanach@gmail.com

    ReplyDelete
    Replies
    1. Hello, we can help you with a viable business idea. All you need to do is to send us an email at andykenigeria@gmail.com. We will continue the conversation from there.

      Regards!

      Delete
  8. Hello. You said businesses one can

    start with #200000 and on your page I'm seeing businesses of less than #3000000 . pls specify ?

    ReplyDelete
    Replies
    1. the businesses at the time of writing this post can be started with 200000 naira, but we all know things change fast in Nigeria. It can still be done but depends on your location. Let's hear from you soon.

      Regards!

      Delete
  9. It was a good one,i needed to hear the remaining business idea, though i have been planning on fish farming.

    ReplyDelete
  10. Nice write up there
    I am contemplating on which business to go into but no clear idea yet as I don't want to go into business I know nothing about. I am passionate in helping people and giving them advise. I also enjoy trading. How can you help me?

    ReplyDelete
    Replies
    1. okay, Good to know... Send us an email at andykenigeria@gmail.com

      Delete

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