What Business Ideas can I start with Six Hundred Thousand Naira (600k)?

Monday, September 24, 2018

/ by Apeh Ikechukwu

If you have six hundred thousand naira that you wish to invest but don’t know which business to venture into, then look no further because you have come to the right place. It is often a difficult thing to decide on a business to go into, maybe because of the uncertainties or because you don’t have enough information about any business at all.

In this post, I will be discussing the different business ideas you can venture into with 600 thousand naira. They are verified businesses and I bet that by the time you go through this post, you’ll choose one or two of them.

Just grab a cup of coffee or better still, a packet of popcorn as I take you through these businesses.

Businesses that can be done with six hundred thousand naira (600k naira)

With 600 thousand naira, you can start a betting shop: With the increase in the number of people that bet different types of sports, you can start a bet shop in a strategic location and rake in lots of money within a short period of time.

The beauty of this business is that you may not be the one to operate the shop. You can get a guy or a lady to manage it for you while you do your daily business. You can register as an agent for any of the betting sites like Bet9ja, Merrybet, Nairabet or any other one you choose.

If your shop is located in a very nice place, you will be making not less than 30,000 naira every week. You might have to learn how it is done before you start up one or you employ someone that is experienced to handle it for you. You can easily get someone that is experienced from your neighborhood or just by visiting any bet shop near you.

With 600 thousand naira, you can start a boutique: humans cannot possibly live without wearing clothes and other accessories- especially women. With 600k, you can rent a shop and start selling clothes, shoes, and other clothing accessories and before you know it, you will be making lots of money from it.

Like the fore mentioned business, you have to rent a shop in a strategic place. You can also employ someone to look after the business while you act as the manager. By this, you will have time for yourself. It is advised that you monitor the business so as to avoid falling for your sales agents.

Also, you can get clothes for sale by picking grade 1 OK clothes, wash, iron and packet them and then, sell them at very high prices. You can leverage on social media sites for marketing and targeting your potential customers and before you know it, you’ll rake in lots of money.

With 600 thousand naira, you can start up a male beauty salon: yes! Barbing salon as they are popularly called is a very lucrative business that most people tend to neglect. Check this, in some streets, these hair stylists charge as high as 300 naira per cut while in some areas in Lagos, they charge over 3000 naira for it.

You can open one in a busy place, employ a professional stylist and boom! You’re ready for business. With this, you are assured of daily income and within a short period of time, you are already making gains from your investment.

You can as well start a female beauty shop, equip it with state-of-the-art facilities, employ professional stylists, nail experts and that’s it! You are good to go. You can add selling clothes or wigs as well.

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  1. My name is Kieran Perry and I work with Business Owners, Directors, and Managers providing a range of services that help develop business, grow sales and increase profit. 
    business expert


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