Business

5 Lucrative Businesses You Can Start With N50,000 Or Less In Nigeria

Published

3 years ago

Apr 20, 2022.

EDITOR’S PICK:

The thought of starting your own Lucrative business can be overwhelming, but it doesn’t have to be! Your business must not be the biggest in town, you don’t need up to N500,000 or a million before you develop a business and start making a living.

In this article on EKO HOT BLOG, we would be looking at some lucrative businesses you can start in Nigeria, with just N50,000 or even less.

5 Lucrative Businesses You Can Start With N50,000 Or Less In Nigeria

1. Baking

There’s nothing like a sweet treat to lift your spirits and there’s no better time to bake than when you’re down in spirit. Baking is a way of combining lots of different ingredients into something delicious and thoughtful that your friends and family will enjoy eating.

The truth is, cake is needed for almost every occasion, weddings, birthdays, anniversaries, mention them. You don’t need more than N50,000 to start one of these lucrative businesses. All you have to do is get your equipment ready, tell your few friends and you are good to go.

2. Catering Services

Another of these lucrative businesses is catering. It is an excellent small business idea that can be done with limited financial resources. Slightly similar to baking, but this is much wider.

If you are good at making snacks, or excellent at the good, that skill is enough to start this business. You don’t need a big shop or massive hall to occupy customers. You can easily make these snacks or even food, find people that can help you sell, and that’s it you make your money.

3. Graphic Design

This is a skill that can make you a lot of money if only you can master it. These days, graphic design is needed in almost everything, from book covers to product branding, banners, fliers and so on.

Aside from a laptop, you don’t need much to start this business, N50,000 would go a very long way.

4. Freelancing

Freelancing is one of the lucrative businesses. It is another great way you can make money, without spending so much. First, you must have digital skills, which you can offer to clients online.

Graphic design, writing stories, reporting news, writing books, just to mention a few. All you need to do is get a stable internet connection, there are so many opportunities on the web.

FURTHER READING

5. Jewellery Design

If you can make a fashionable and attractive bracelet, then you can build a business around it, and make a lot of money.

People will buy your jewellery if it is new and different from what they see in stores. The best part about starting an online jewellery business is that you don’t need much money to get started! All you need is some tools and supplies to work with, N50,000 would go a long way.

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