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Top 6 businesses in Nigeria 🇳🇬 you can launch with ₦1M or less,
Count down 👇
6️⃣ Mobile Laundry
How :You can Start from home.
Market the business on social media’s
You can Offer free pickup for clients
• ₦1M Breakdown:
•₦350k: 8kg washing machine
•₦200k: Generator set
•₦100k: Iron/table
•₦200k: Packaging/logistics
•₦150k: Ads and Miscellaneous
5️⃣ Cosmetics Reselling
How :Find viral skincare/perfume oil trends on social media like X and other platforms
Bulk buy from wholesalers in big popular markets
• ₦1M Breakdown:
•₦600k: Stock
•₦150k: Packaging
•₦150k Ads on x or other platform’s
•₦100k: Ring light/and other tools
4️⃣ Mini Importation
• How: Source lightweight gadgets in demands on 1688/Alibaba and some other , Use a local shipping agent
• ₦1M Breakdown:
•₦500k: Sourcing
•₦250k: Shipping/customs
•₦150k: Video ads
•₦100k: Delivery deposits
3️⃣ Mobile Accessories
With 100M+ active lines in Nigeria chargers and power banks are non-negotiable utilities.
• How: Set up a glass kiosk near a busy supermarket. Source from Computer Village in Lagos or big wholesalers in your state or big markets
• ₦1M Breakdown:
•₦550k: Fast stock
•₦250k: Kiosk
•₦100k: Permits
•₦100k: Banner/promo
2️⃣ Foodstuff Repackaging
A lot of families in Nigeria don’t buy foodstuffs in bulk, you can buy bulk and repackaged in smaller portions
• How: Buy rice, beans, and oil and other foodstuffs items in bulk from major hubs. Repackage into clean, transparent micro-sizes.
• ₦1M Breakdown:
•₦650k: Bulk food
•₦100k: Scale/sealer
•₦150k: Space lease or rent
•₦100k: Bags
1️⃣ Agency Banking / POS
• How: Secure a spot near a transport garage , market , university or very busy Areas, Get a terminal from fintech POS providers like Moniepoint. Palmpay or others .
Many consumers love bypassing ATM machines and banks .
• ₦1M Breakdown
•₦80k: POS/Reg
•₦120k: Kiosk
•₦750k: Float cash
•₦50k: Data/banners
Other cheaper ones you can start is selling thrift (used cloths) popularly called okrika in Nigeria 🇳🇬.
Buy girls bays or season demand bays like summer dress or cold jackets or other type of bay . Way less than 1million naira. You can even hulk them around
The Reality Check:
For physical shops, street task forces can kill profits. Visit your Local Govt Council on Day 1. Pay the official annual trading permit and get a receipt to stop harassment.
Don’t keep that money , startup one of this today .
Which one will you likely try out ?
#BusinessTips #business #Nigeria