68 Businesses You Can Start With 100k, 200k, 500k, 1M

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Written By Godfrey

 

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Starting a business in Nigeria is no small fit. Raising money to start a business in Nigeria is even more difficult than finding the business to start. That is why in this article, we have crafted practical business ideas you can start with as low as 100k to 1m naira in Nigeria.

Without wasting any more of your precious time, let’s look at Businesses You Can Start With 100k, 200k, 500k, 1M.

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Note: To Check section one L; refer here: Businesses you can start with 50k or less. You can open it in a new tab.

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Businesses You Can Start with 100k

1. Paint production: paint production is the production of paint for various use such as the painting of houses, offices, painting of furniture, metal surfaces, etc.

How To Start Quality Paint Production In Nigeria with 100k

The demand for paint is high and therefore makes the business a lucrative one you can start this business with as little as 100k.

2. Logistics:  Logistics business involves planning, implementing, and controlling the movement and storage of goods and services within points of origin (factory)and consumption and this feature delivering, packaging, storing, distribution, and information processing. With a Minimum of 100k, you can start a courier service, get a bike, locate a brand that needs a courier service, volunteer to help them deliver while you charge them token.

3. Food business: with 100k you can start a food business and make cools profits. (Check section 1a above for more information)

4. Popcorn business: you can also start a popcorn business with 100k. You can get a popcorn making machine at a low price instead of the manual method with pot. (Check section 1c above for more information).

5. Sales of mobile accessories: with 100k,  you can start buying and selling mobile accessories on a medium scale. (Check section 1e above for more information).

6. Sales of perfume and other cosmetics: with 100k you can also start buying perfume and cosmetics to sell for cool profits. (Check section 1g above for more information)

7. Hair/Barbing saloon: you can as well start a barbing/hair saloon with 100k (Check section 1h for more information).

8. Mini importation: with 100k you can start a mini importation business to make cool profits. (Check section 1J above for more information).

9. POS business: with 100k, you can start and manage a POS shop, help people carry out transactions while you get paid for it. (For more information, check section 1K above)

10. Jewelry business: with 100k, you can start a jewel sales business. (Check “section 1 L” for more information).

11. Forex trading: with 100k you can start trading forex. (Check “section 1 n” for more information).

12. Smoked fish business: with 100k you can start smoking fish for sales. (Check “section 1 o” for more information).

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13. Tailoring/fashion design: (Check section 1p for more information)

14. Bag making business: (Check section 1q for more information)

15. Dry cleaning clean service: with 100k you can start a dry cleaning business and make cool money. (Check section 1r for more information).

16. Recharge card printing business: with 100k, you can start a recharge card printing business. (Check section 1s for more information).

17. Agriculture: with 100k you can start a business in any sector in agriculture. Either in small or medium scale, depending on the sector you chose. (Check section 1t for more information)

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For a more detailed insight on businesses to start with 100k, read this article.

Business You can Start with 200k

1. Bakery: you can set up a local bakery business with a minimum of 200k  naira. It is one of the fastest-growing businesses in Nigeria in addition to the fact that it a lucrative business. One of the advantages of running a bakery business is that you are not limited to only one type of product, you are opened to different varieties to produce like, pies, cakes, pastries, etc. And you can also decide to specialize in a particular product.

bakery shop can be started with 200k

2. Sales of mobile phones: in this technological age, every Nigerian to own a phone for many purposes. Ranging from accessing the internet, making and receiving phone calls to entertainment, etc. the demand for a mobile phone is always on the increase with the mobile phone producers releasing a new and better version of phones frequently. Some people will buy it because they want to flow with the rends etc

You can start this business with 200k and make a cool profit.

3. Paint production: with 200k you can start a paint production business. (Check Businesses you can start with 100ka for more information).

4. Logistics:  you can also start a logistics business with 200k, depending on the resources available. (Check Businesses you can start with 100kb for more information)

5. Food business: with 200k you can start a food business and make cools profits. (Check section 1a above for more information)

6. Popcorn business: you can also start a popcorn business with 200k. You can get a popcorn making machine of good quality and price instead of the manual method with pot. (Check section 1c above for more information).

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7. Sales of mobile accessories: with 200k,  you can start buying and selling mobile accessories on a medium scale. (Check section 1e above for more information).

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8. Sales of perfume and other cosmetics: with 200k you can also start buying perfume and cosmetics to sell for cool profits. (Check section 1g above for more information)

9. Hair/Barbing saloon: you can as well start a barbing/hair saloon with 200k (Check section 1h for more information).

10. Mini importation: with 200k you can start a mini importation business to make cool profits. (Check section 1J above for more information).

11. POS business: with 200k, you can start and manage a POS shop, help people carry out transactions while you get paid for it. (For more information, check section 1K above)

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12. Jewelry business: with 200k, you can start a jewel sales business. (Check “section 1 L” for more information).

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13. Forex trading: with 200k you can start trading forex. (Check “section 1 n” for more information).

14. Smoked fish business: with 200k you can start smoking fish for sales. (Check “section 1 o” for more information).

15. Tailoring/fashion design: (Check section 1p for more information)

16. Bag making business: (Check section 1q for more information)

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17. Dry cleaning clean service: with 200k you can start a dry cleaning business and make cool money. (Check section 1r for more information).

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18. Recharge card printing business: with 200k, you can start a recharge card printing business. (Check section 1s for more information).

19. Agriculture: with 200k you can start a business in any sector in agriculture. Either in small or medium scale, depending on the sector you chose. (Check section 1t for more information)

20. Real Estate business:  this involved buying and selling of land and landed properties. Land is an asset with low risks, except for issues with seizing & thefts.

Land and landed properties in value and it is very profitable. You can start this business with 200k to 1M.

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Whichever land of landed property your buy can be resold after owning it for a while, it could be a short time or long time that depends on you and how long you can wait.

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But the longer it stays, the higher the value, especially for lands. Some landed properties could become old-fashioned or experience wear and tear if it stays too long and it will depreciate after it reaches its maximum yield level.

Land & landed properties appreciate; you can buy and resell in a few days or immediately.

Buy a house or any other property, refurbish it, lease it out or sell it, you would be making your money and it attracts more profit for you when it increases in value.

21. Computer business center: starting a computer business involves rendering services such as internet registration, printing, photocopy, scanning, and other computer-related services. With a minimum of 200k and up to 1M Naira, you can set up a computer center, locate your shop in a strategic location, offer your services and you are good to go.

Business You can Start with 500k

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1. Bakery: you can set up a standard bakery business with a minimum of ₦500,000. It is one of the fastest-growing businesses in Nigeria in addition to the fact that it’s a lucrative business. One of the advantages of running a bakery business is that you are not limited to only one type of product. You are opened to different varieties to produce like pies, cakes, pastries, etc. And you can also decide to specialize in a particular product.

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2. Production of bricks:  This is another industry to invest in with 500k naira or as much as 1M, you can start a brick production company in Nigeria.

With so many construction sites around and houses being built, there is a lot of money to be made in this industry. It is a very nice way to keep the money rolling in.

All you need in this lucrative business is; land, machines for molding the blocks, and a person who has technical know-how on how to operate the machine.

The machines are usually not difficult to operate, so the cost of labor is not so high.

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You can rent land preferably in an area with a lot of construction sites.

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With all these in, you’re ready to go.

All you need to keep the business running is consistency, proper marketing skills, and ensure you are giving out quality bricks for proper recommendation by those that have patronized you before

There are different types of bricks, you can add a section where you will be producing interlock bricks, which is also quite profitable.

3. Sales of mobile phones: You can also start this business with 500k and make a cool profit. (Check Businesses you can start with 200k..b for more information)

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4. Paint production: with 500k you can start a paint production business. (Check Businesses you can start with 100ka for more information).

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5. Logistics:  you can also start a logistics business with 500k, depending on the resources available. (Check Businesses you can start with 100kb for more information)

6. Food business: with 500k you can start a food business (a standard restaurant) and make cools profits. (Check section 1a above for more information)

7. Popcorn business: you can also start a popcorn business with 500k. You can get a popcorn making machine of good quality and price instead of the manual method with pot. (Check section 1c above for more information).

8. Sales of mobile accessories: with 500k,  you can start buying and selling mobile accessories on a medium scale. (Check section 1e above for more information).

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9. Sales of perfume and other cosmetics: with 500k you can also start buying perfume and cosmetics to sell for cool profits. (Check section 1g above for more information)

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10. Hair/Barbing saloon: you can as well start a barbing/hair saloon with 500k (Check section 1h for more information).

11. Mini importation: with 500k you can start a mini importation business to make cool profits. (Check section 1J above for more information).

12. POS business: with 500k, you can start and manage a POS shop, help people carry out transactions while you get paid for it. (For more information, check section 1K above)

13. Jewelry business: with 500k, you can start a jewel sales business. (Check “section 1 L” for more information).

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14. Forex trading: with 500k you can start trading forex. (Check “section 1 n” for more information).

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15. Smoked fish business: with 500k you can start smoking fish for sales. (Check “section 1 o” for more information).

16. Tailoring/fashion design: (Check section 1p for more information)

17. Bag making business: (Check section 1q for more information)

18. Dry cleaning service: with 500k you can start a dry cleaning business and make cool money. (Check section 1r for more information).

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19. Recharge card printing business: with 500k, you can start a recharge card printing business. (Check section 1s for more information).

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20. Agriculture: with 500k you can start a business in any sector in agriculture. Either in small or medium scale, depending on the sector you chose. (Check section 1t for more information)

21. Real Estate business:  You can also start a real estate business with 500k, depending on the property available to start with and its condition. (Check Businesses you can start with 200k..t above for more information)

22. Computer business center: you can start a computer business center with 500k. (Check Businesses you can start with 200k..u above for more information)

Businesses You can Start with 1M

1. Bakery: you can set up a standard bakery business with ₦1M.  (Check section 4a above for more information).

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2. Gas plant: with 1M Naira, you can start a gas plant in Nigeria. Most kitchens in Nigerian homes and restaurants now depend on cooking gas. So it is a very lucrative business, and with less competition at the moment. Most people may have to drive or walk some distance before they get to buy gas to fill their cylinders. You can leverage this to set up a gas plant close to the people.

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3. Sales of mobile phones: You can also start this business with 1M Naira and make a cool profit. (Check Businesses you can start with 200k..b for more information)

4. Jewelry business: with 1M, you can start a jewel sales business. (Check “section 1 L” for more information).

5. Forex trading: with 1M, you can start trading forex. (Check “section 1 n” for more information).

6. Agriculture: with 1M you can start a business in any sector in agriculture. Either in small or medium scale, depending on the sector you chose. (Check section 1t for more information)

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7. Real Estate business:  You can also start a real estate business with 1M, depending on the property available to start with and its condition. (Check Businesses you can start with 200k..t above for more information)

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8. Computer business center: you can start a computer business center with 1M. (Check Businesses you can start with 200k..u above for more information)

Conclusion

In conclusion, businesses you can start with these amounts are not limited to what is stated above but this list will give you a sure guide to choosing and starting one to begin your journey to financial freedom.


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