26 Businesses You Can Start With N1000 In Nigeria

 

In a country where poverty and unemployment have become the order of the day, the concept of business ideas in Nigeria and its next startup can be compared to a gold mine that allows people to have a good life.

According to Statista.com, a total of 32.5% of Nigerians are unemployed in 2021, and the unemployment rate is expected to be 33% in 2022. In addition to being a gateway to self-employment and helping to end the job search, starting a personal business from a different business perspective also comes with many benefits, including:

 Unlimited freedom

Unlike working under someone or a team, where your boss/boss decides how you will work and work, self-employment allows you to work at your own pace and in a simple way. This is suitable for those who may not have what it takes to work for the company due to certain conditions such as old age, health problems, short time, etc.

 Fulfillment of dreams and aspirations

Getting a job is one thing, getting a dream job is another? While the former can be a little tricky, the latter is almost impossible to find. We live in a country where the majority of people work jobs they don't really want or because they have nothing else to do. But with the right business idea and mindset, a person can fulfill his life dreams by starting a business that matches such dreams.

 Financial Independence

Financial rewards are another important factor in starting a personal business. It is no longer news that many Nigerian employers pay their workers peanuts. The prices of goods are high and the wages paid to workers are not enough to meet their daily needs. A good business idea, once implemented, can change the situation and give the beginner financial freedom.

From the above, it can be found that having a business idea and making it stand out is very important to anyone who finds it good to give it a chance.

Although there are many barriers to starting a personal business, start-up capital is still a big hurdle.

In this article, you will learn about 26 profitable small businesses that you can start with just 1000 naira.

A time when people wait until they have hundreds or even millions of naira in their accounts before starting a business. At this time, with the acquired skills, you can start your business without anything. Having a laptop or desktop computer makes it easy to earn money. With your laptop and knowing how to work and use the necessary tools, you can earn a decent amount of money.

 

List of 26 Business Ideas That You Can Start With N1000

1. Freelance writing

2. Tutoring

3. Event planning

4. Event hosting

5. Affiliate marketing

6. Tester or reviewer

7. Application developer

8. Website developer

9. Internet security consultant

10. Graphics designing

11. Business plan designer

12. Informational product creator

13. Resume writer

14. Translator

15. Editorial services

16. Online photo selling

17. Call center representative

18. Travel planning

19. Computer training

20. Personal chef

 21. Laundry business

22. Shawarma selling business

23. Declutter agents business

24. Selling of clothes

25. Phones and other gadgets charging

26. POS / Electronic Payment

Let's study it carefully

 

1. Freelance Writing

Freelance writing involves simply writing articles for publication on websites, blogs, newspapers, magazines, or anything else for a fee. Personally, freelance writing has been making money for me for a few months now. It is easy to start and requires little money and no capital. As long as you have the necessary tools and skills, you can earn any amount.

There are many websites that want freelance writers, you can search for them online, sign up for one, and start making money. Personal essays require a laptop or desktop computer and an internet connection.

Having a laptop is not necessary; you can use the cybercafé to create your stories. Writing a new article in an internet cafe takes time and requires preparation and motivation.

There are some Android apps like Microsoft Word, WPS Office, etc. which you can use to write your articles so that when you arrive at the internet cafe you will make a few corrections, if any, and upload them. These android apps can be found on Google Play store.

 

2. Tutoring

There are many children, teenagers and even adults who need help with their studies, there are thousands of parents who are willing to give their child a private tutor to help them improve their school performance. Many students come home from school confused about everything that has been taught, and the intervention of a private teacher is what they need at this time.

Being a private tutor only requires your transportation costs to the student's place of residence such as the capital city. It also requires you to know what subjects the student is struggling with.

Personal training has the added benefit of allowing you to run your regular business. This can be done three to four times a week for three hours.

You can continue to expand it if you have a room or have the capital to rent one, that way, you won't have to go anywhere else, and you will have more students and - give advice. If you don't have a room, stick to the classroom after all, Rome was built in a day.

 

3. Affiliate Marketing

Affiliate marketing is one of the cheapest ways to make easy money online. It is about helping an entrepreneur or seller to sell their product while you get commission for every product sold.

For example, if you sign up as an affiliate customer for jumia or konga, any jumia or konga product that you help sell, e.g. Android phone, you will be paid to help them sell it. If a N50,000 Android phone is sold, you can get N500 or more for helping them sell it. 

When you sign up for an affiliate marketing service, you are given a unique ID and URL that is linked to the main website (ie jumia or konga). All you have to do is go to the jumia website, select the product of your choice, maybe the Samsung Galaxy S8, and write a complete and honest review on it, add your link that customers can click to buy and post your review on it. Website, blog or social media such as Face book, Twitter, Instagram, etc.

Anyone who clicks on your link and buys a Samsung Galaxy S8 will earn you a commission.

 

4. Event Planning

In Nigeria, weddings, conferences, seminars and birthday celebrations are held every day in different states of the country. With the establishment of this obvious fact, you can proceed to use it to your advantage. Event planning, as the name suggests, is all about planning and overseeing the success of the event.

As an event planner, your job is to find suppliers of various items needed for the event. These can include: places, dining areas, curtains and chairs, decorations, security guards, etc. You will be paid for these things by the host, your only responsibility is to organize things and make sure the event goes well.

 

5. Mobile Application Developer

If you invest your money well in Android app development, you are well on your way to becoming rich. Many companies, banks, hotels, websites, blogs and many other organizations now need the services of Android applications.

You can help them develop these apps and get paid well for it.

 

6. Website Developer

As an app developer, you can build and manage websites for businesses, individuals, organizations and get paid for it. It does not require more than N1000 as long as you have knowledge and tools.

7. A Translator

As a translator, you can earn a lot of money in a short time. If you are a polyglot, you can make money by being a translator from one language to another. How much you earn depends on the company you work for, but the pay is always good.

 

8. Event Hosting

You must have attended weddings, birthdays, or other gatherings. You must have seen this man or this woman who made the speech, the opening speech, and therefore entertained the audience. Some call them emcee or MC. If you are a good public speaker, a comedian or an actor or just someone who knows how to speak well and entertain people, you can choose the career of a performing or MC. With N1000, you can do this job.

 

9. Tester or Reviewer

It's like affiliate marketing and both include written reviews. Unlike affiliate marketing, you do not have to help them sell products, your job is only to help write reviews and maybe get some exposure for them. Some companies pay people to write reviews of their products and help promote them. You can write a review on a refrigerator, for example, and post it on your website or social media account.

 

10. Internet Security Consultant

If you are familiar with programming and related issues, you can help protect your company's database or system from hacking, data leakage, viruses and more and pay for it.

 

11. Business Plan Designer

It involves creating a good business plan, which can work and sell them or get paid to do it.

 

12. Graphics Designing

Church programs need newsletters and banners, and companies that send out newsletters and such, as a photographer, your job is to help them design newsletters and banners while you pay for it.

 

13. Resume Writer

As the name suggests, it's just about helping someone write a resume while you're getting paid to do it.

 

14. Editorial Services

You can earn money by providing editorial services such as copywriting, ghostwriting, editing, newspaper and magazine article writing, web content writing, editing, subscriptions and book writing. You'll just get customers and you'll be gone.

 

15. Informational Product Creator

If you are good at writing, inspirational, motivational, or educational, you can create them as an eBook and sell them online.

 

16. Call Centre Representative

As a call center agent, you can work from home. All you need is a computer and a phone line. Your job is to respond to customer complaints or direct them to the appropriate staff.

 

17. Personal Chef

Your job as a chef is to plan and prepare your customer's food while paying for it. Some clients can provide accommodation, some cannot.

18. Online Photo Selling

This includes selling your photos online. If you're a photographer, you can take great photos of nature, landscapes, tourist spots, and more and sell them online at Gettyimages.com or Flickr.com.

 

19. Computer Training

This is usually part of the course, if you are good at using computers, you can transfer your knowledge to those who need it and get paid for it.

 

20. Travel Planning

As an event planner, your job is to make sure the trip runs smoothly. You plan their accommodation, meals, transportation, tours and other activities and pay for it. For example, when company employees travel.

 

21. Laundry Business

Laundry is another lucrative business in Nigeria that is often overlooked. Because many people are busy with work, it is difficult to find time to wash clothes; this is where a laundry manager comes in. What you need to start one good thing about a business is that you can work from the comfort of your home without having a shop or personal space. 

All that is needed to make a business idea come true are basic equipment such as a washing machine, iron and generator if the power is not strong. Laundry, like many other businesses, requires you to be honest. As a laundry manager, you must always fulfill your commitments by making sure that your customers' clothes are ready when the time comes. It is also important to have a good relationship with your customers to improve the chances of referrals to other customers.

 

22. Shawarma Selling Business

Shawarma is a dish made with beef or chicken. It has become for many years one of people's favorite snacks, especially young people. This lucrative business idea can be done with as little as 100,000 Naira and less.  What you need to get started Before entering the shawarma field, you must first teach yourself how to make shawarma. You don't want to start your business without fully understanding how to do it and start selling bad shawarma to your customers. It will kill your business before it starts. After training, the next thing is to find a good place where you can organize your business. 

Ideally, it is good to find your shawarma place in the countryside where you can easily meet your audience. Places like student areas, shopping malls, entrances, bars, restaurants and T-junctions are some of the best places where you can find your shawarma business to do business. Get high profits and return to business investment. Some of the equipment needed for the business is a shawarma toaster, display glasses, pots/utensils, sproons and fly repellent.

  

23. Declutter Agents Business

The advent of social media has been a blessing to mankind not only by providing a way to make friends and stay in touch with family, but it has also continued to provide a livelihood for some of its users. Hacking is one of the fastest ways to earn financial freedom on Instagram. As a declutterer you make your money simply by helping sellers display their products for potential buyers to see if they are happy with the product the buyer pays for Pay and get your own percentage on the success of the sale. Your role is that of an intermediary connecting the buyer and the seller. There is nothing that cannot be sold through declutterers.

Products such as: furniture, mattresses, generators, TVs, fans are some examples of the different types of things that can be sold and bought through the decluttering platform. What you need to start this business does not need to be found in one place. It is an outdoor activity that can be done from the comfort of your home. What you will need for business is your popularity, your Instagram account, your data plan and a sufficient power supply. Having more followers on Instagram is also an added advantage.

The more followers you have, the more likely you are to buy and sell through your platform and the more money you make from that business. It is also important to have a good online reputation, as it will improve people's trust in you and their chances of doing business and buying from your platform.

 

24. Selling of Clothes

The importance of clothing cannot be overstated. Clothing is one of the three basic human needs, the others being food and shelter. Therefore, it is one of the most profitable business ideas in Nigeria that can be started with a small capital of 100,000 Naira. What you need to start, when you start your business, having a store should not be necessary from the beginning, because you can buy clothes and deliver them to the door of your customers. 

One of the most important qualities you must have in order to be successful in business is the ability to convince your customers of the need to buy your product. Without adequate support, your customers may not see the need to support a particular outfit, as many other needs are competing for your customer capital. Similarly, it is also important to communicate well with people and maintain a good relationship with your customers which in turn can help you refer other potential clients.

 

 25. Phones and other Gadgets Charging

Recharging mobile phones and accessories is another business idea in Nigeria that can be done with as little as 100,000. It is no longer good news that electricity in many states of the country is unstable and unreliable, which makes changing the phone very interesting to get into a small amount of money.

In addition, the cost of fuel for generators that would have worked as another source of electricity became expensive and insurmountable. Therefore, most of the low-income and middle-class citizens who cannot afford electricity often resort to mobile phone payment vendors, paying a minimum of 100 naira to charge the phone with other applications.

When starting a mobile phone and device charging business, conditions must be considered. It's best to locate your business in a poor electrical service area. This will make it inevitable for people to support your business.

As a phone charger salesperson, you will also need to develop a good personality that will allow your customers to communicate freely with you, as you interact with different types of people every day. Some of the things that you will need to start the business are a container/space, a covered or shaded store, a small generator for electricity, fuel to power the generator, a house charger and a seat, and an electric panel with many electrical companies for charging.

 

26. POS / Electronic Payment

POS (point of sale) top business idea list in Nigeria, you can start with 100,000 naira for sure. The company was one of those companies that came and stayed for a long time. Financial transactions are an important part of human life and the banking sector is not meeting people's expectations in this regard. POS serves as a smart way for banking transactions and saves people from wasting their valuable time which could be used more productively in the banking line due to basic financial transactions. Financial transactions such as transferring and withdrawing money, paying bills (DSTV, GOTV, and PHCN), wireless charging and data sales, among others, can be supported by POS. When you start a business, one of the most important things to consider is where you want to locate the business. The nature of your business can make or break your POS business idea. When deciding on a venue, some things you should consider are:  GSM/ Internet Network

This is an important thing to consider before choosing any place. You need to make sure that your POS business is located in an area with a good GSM network, to ensure successful business transactions.  Proximity to the bank

Another important factor that you should consider before choosing where to locate your POS business is how close the area is to the banking area. Finding a place to sell near the banking area may take a lot of effort and may not produce the expected return on investment. In fact, many people prefer to go to the bank for their business because it is close.

Security, when you are looking for a place for a foreclosure sale, you need to make sure that the place is safe and has a low crime history. This is because you have to deal with money every day, which makes you vulnerable and easy for criminals if the place is not safe.

 What you need to start, some of the things you will need to start the business are business capital, a space/store or container, a banner and most importantly a POS machine for the operation of the business. You can get your POS machine from banks like GTB, UBA, Zenith, First Bank, Access Bank, Polaris Bank and many more.

 

Final Word

Finally, there are many business ideas in Nigeria that you can start with as little as 100,000 naira. The most important thing is your ability to look deep and analyze the category that you fit best. 

Also, it is important to be patient, because the first part of the personal activity may be frustrating and may not pay as much as expected, but with dedication and hard work, it It will be just a few steps before you release your financial freedom. and business.