Own A Business: Top 10 Businesses You Can Start With N100,000 In Nigeria

Advertisement

With the current economic hardship biting hard in the country, you will agree with that having one source of income is not the best. People are really diversifying, going into business, seeking other avenues to make extra money to augment what they have or earn at the end of the month.

You will also agree with me that it is also unwise to just leave your money lying dormant in your account or investing it in a Ponzi scheme which may collapse anytime. It is wise to properly invest your money in something that will bring in extra income with little or no risk at all.

Also See: Is MMM Nigeria Coming Back? Popular Ponzi Scheme Lifts All Limits

As little as N100,000 is in the current economic condition of the country can go a long in helping you achieve your dream business and put extra money in your pocket.

There are lots of fast moving items you can import into Nigeria with N100,000. These items are sought after almost every day and have a high rate of turnover.

BEADS/JEWELRY

Beauty accessories sell hot in Nigeria and Beads are one of them. The price of beads in China is ridiculous. Believe me when I say ridiculous. You can start importing beads with just $100.00 that’s 50,000 Naira.

Pearls,jewelry, precious treasure accessories

GRADE TWO BAGS/SHOES

This is a very lucrative business. Not every lady can afford the original Chanel, D&G, GUCCI etc designers because they are very expensive but these designers are sold in China at a very low price. Grade 2 designers are designers without the original brand tag numbers. Call it Chinese Copies! Copies in China are in grades.

luxury handbags

They have grade 1-3. So, if you’re targeting elite spenders in Nigeria importing grade 2 will boost your bank account.

USED COMPUTER PARTS/ACCESSORIES

Old Hard Drives, CPUS, Motherboards etc are hot computer accessories you can import. They are sold in batches at giveaway prices in USA and China.  Visit Computer Village and see what guys are doing with old computer parts. It’s a boom!

SECOND-HAND LAPTOPS

This should be rated second on this list. Second-hand laptops are popular among students and yahoo boys! In fact, you can make a fortune sending your laptops to the North, where DELL D600 still sales for N40, 000 Naira. The cost of second laptops is very low in the USA. Dell –D600 goes for 10USD or less depending on the City you are buying from.

SUITS AND SHIRTS

A pair of Suit in China is $10 but sold for N15, 000 in Nigeria. Though there are varieties of suits according to class. Selling the affordable types to our Bankers and Corporate Workers will do you good. You can make a fortune importing suits only.

USED TOYS

A Bundle of over 100 Baby Books and Toys are sold for $10 USD. Kids bicycles are sold for $5 in many thrift shops in the USA and they are sold for higher prices in Nigeria. Importing Used Toys are good business though you’ll need to clean and replace batteries in most cases.

SECOND-HAND CLOTHES (OKRIKA)

Everyone knows how hot good second-hand clothes are in Nigeria. Affordable jeans, t-shirts and polo shirts are sought after like water.

voanews.com
voanews.com

The demand is so high because fashion is an everyday thing. Getting second-hand clothes from China, Europe and USA cost very cheap. A bail of about Two hundred second clothes cost 80USD in the USA and In some places, they are free.

HAIR WIGS, EXTENSIONS, ATTACHMENT

Ladies must look good and they have the purchasing power. So, importing beauty accessories will definitely change your bank account for good. The price for a good quality hair wig ranges from 0.5 USD above.

Wigs business

You can decide to import the less expensive ones for students in colleges. After you’ve done a good turnover, get varieties.

MOBILE PHONE ACCESSORIES

Mobile phone accessory is another lucrative business that can be started with #10,000 because pimping phone with the latest accessories in town is what I love about Nigerians.  You can check out latest accessories on Amazon, Ebay, Alibaba.

Also See: Reckitt Benckiser: Maker Of Durex Condoms Now To Make Baby Formula Brand

USED PHONES, a.k.a LONDON USED

These categories of phones are very cheap in China, Hongkong, and the USA. You’ll not believe me but second hand iPhone 4 and 4s are sold for less them 15USD in Hongkong. Westerners don’t use old phones. They will always go for the latest phones in vogue. So, getting old phones into Nigeria is a good business. Our Hausas/Fulani  brothers buys these phones a lot