What business can one start with 500k?

What business can 500k start in Nigeria?

Business you can start with 500k

Bakery: you can set up a standard bakery business with a minimum of 500k Nairas. It is one of the fastest-growing businesses in Nigeria in addition to the fact that it a lucrative business.

What is the most profitable business in Nigeria?

Here are the most lucrative businesses in Nigeria:

  1. Oil and Gas business. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. …
  2. Agriculture business. …
  3. Food business. …
  4. Blogging Business. …
  5. Real Estate business. …
  6. Furniture business. …
  7. Hotel business. …
  8. Transportation business.

What business can I start with 5 lakhs?

20 ventures you can start with Rs 5 lakh!

Business Skills needed Amount you need to start (Rs)
Food delivery Marketing and sales 15,000
Uniform making Man management 20,000
Property management Marketing and sales 50,000
Telecom Business Consultantcy Networking 50,000

What business can I start with 700k in Nigeria?

You can buy wearables, gadgets and the likes from Lagos and sell in other towns. You can start small firm in your niche, at least 700k can cover for your rent, marketing and paying your secretary for the first few months when you will make negative profit given that you know what you are doing.

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What can I do with 500K?

15 Ways to Invest 500K Safely

  • Pay off your debt. The easiest way to invest your money is by paying off debt. …
  • Real estate. …
  • Index funds. …
  • Start a business. …
  • High-yield savings account. …
  • Invest using a robo advisor. …
  • Invest in yourself. …
  • Annuities.

Which business can I start with 2million naira?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

What Nigerians buy most?

Top 15 High Demand And Fast Selling Products in 2020

  • Electronic Goods. …
  • Fashion Items. …
  • Cosmetic Product. …
  • Health And Wellness Products. …
  • Hair Wig And Extensions. …
  • Baby Accessories. …
  • Food And Groceries. …
  • Phones And Accessories.

What are the top 5 most profitable businesses?

Most profitable small businesses

  • Shared home improvement equipment. …
  • Academics courses. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

How can I become a millionaire in Nigeria?

How to Be a Millionaire in Nigeria

  1. Never despise small beginning. …
  2. Be innovative. …
  3. Cut on spending. …
  4. Investment. …
  5. Spend less than you earn. …
  6. Make money everyday. …
  7. Diversify. …
  8. Set realistic goals.

What kind of business can I start with 1000000?

21 Businesses you can start with one million naira today.

  • 1) Operating a restaurant. One business you can start with one million naira today is a restaurant business. …
  • 2) Poultry farming. …
  • 3) Fitness centers and gymnasium. …
  • 4) Bridal shop. …
  • 5) Frozen foods. …
  • 6) Boutique/thrift shop business. …
  • 7) Bakery/Bakeshop. …
  • 8) Importation.
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What can I do with 10000 rs?

Here are some of the smartest ways to use that money:

  1. BUY A SUITABLE TERM PLAN. If you have not yet got a life cover, purchase a suitable term plan. …
  2. BUY HEALTH INSURANCE. …
  3. INVEST IN EQUITY MUTUAL FUND. …
  4. INVEST IN EQUITY MARKET. …
  5. BUY GOLD. …
  6. GET DISCOUNTS AND DEALS ON E-WALLETS. …
  7. BE TRADITIONAL: SAVE IT IN A BANK FIXED DEPOSIT.

Which business can I start with 1million naira?

Eatery/Restaurant Business: Eatery or restaurant is an eating establishment where people purchase and eat food. This is a very lucrative business in Nigeria, although not without challenges. With one million naira, one can secure or rent a place and get it properly equipped for restaurant business.

What small business can I start with 10k?

Businesses You Can Start with 10k in Nigeria

  • Social Media Marketing. …
  • Dropshipping. …
  • Mini Importation. …
  • Agriculture Business. …
  • Blogging. …
  • Laundry Services. …
  • Cryptocurrency Trading. …
  • Phone Repair Business.

What business can you start with 250000?

Business opportunities available for $250,000 and less:

  • Time To Eat Delivery. For $55,000 you can have your own corporate grocery and restaurant delivery business. …
  • Commercial Capital Training Group. …
  • Healthy YOU Vending. …
  • Sure Step. …
  • Solar Grids. …
  • Turf Distributors. …
  • The Lending Network. …
  • Sam The Concrete Man.