15 Small Businesses You can Start with Less Than 200k

Through TTE social media channels, we have been receiving messages from our followers requesting information on any small business they can start with Two Hundred Thousand Naira (N200,000).

These requests from our analysis came from mainly undergraduates, Corp members and young Nigerians that are struggling through life to make ends meet.

I and my colleague have been giving feedback based on our little knowledge on starting a new business in Nigeria.

Today, I have decided to list 15 small businesses any interested startupper can venture into and if such an individual will give the listed businesses due diligence and commitment, s/he will smile to the bank every month.

This post will be as brief as possible but before I list these small businesses for young individuals in Nigeria, I want us to note that I don’t advice my readers to start any type of business simply because the funds are available. There are few things I will like you to consider before starting any business.

1. You must consider first what you love doing i.e. what you have passion for that come rain or sunshine you will stick to, nurture carefully and watch it grow. You know in business, there are ups time and downs time, passion will help you persevere. In other words, list you interest, skills and access you personality.

2. Your environment: Is that business going to sell in your planned location of establishment? This also matters a lot as what will sell in location A might not be a good choice for location B.

3. What will be your plan for the business? Do you have a goal to achieve?

Will you like it to be incorporated? Do you intend to sustain the business or just need a business that will be sustaining you until you get a pay job?

4. Ask yourself, can I sell? If you can’t, you need to learn how to because business is about selling (Be it a product or service).

5. Now, you should also determine how much risk you can take.

Until you answer these questions, you will be closer to knowing what business you can do.

Listed below are profitable small businesses you can start with 200k that are thriving in Nigeria today.

  1. Open a Restaurant.
  2. Start a Fumigation Business.
  3. Laundry and dry cleaning services.
  4. Starting your own home services.
  5. Importation of wears.
  6. Livestock farming.
  7. Car wash center.
  8. Corporate cleaning services.
  9. Event planning.
  10. Barbing salon.
  11. Web design Services, graphics design and social media branding (If you are IT inclined).
  12. Fashion, cosmetics and fragrance business. (You can own a shop and distribute for companies like FM or Oriflame).
  13. Online affiliate marketing.
  14. Daycare center.
  15. Retailing business (like Rice or Indomie whole-selling).

Now I do not know what you love but I know it may not go beyond these few listed business opportunities.

If you need further explanation on any of the above listed small businesses, advice on how to start or a business plan, kindly message us.

I have also included below this post an Infographic of the 15 Small Businesses you can Start with Less Than 200k. You can download for easy access to this article anytime using your mobile.

Remember, you can set up any of these businesses and employ other experienced individual to do the work while you manage and supervise CLOSELY.

If you’re looking for small business grants, check out this article for some funding options available for you.

Here are some tips on how to raise startup capital for your small business.

As a small business owner, the best way to scale your business is through saving and re-investing your profit. I have carefully selected some top online savings platforms that pay you high interest better than the banks and you can access your money in a short period for your business. Check them out.

Infographic on small businesses you can start with less than 200k

 

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Francis Nwokike

Francis is a Social Entrepreneur. Love discussing new business trends and Marketing tips. A Startup consultant. Will help you grow your business online.

78 Responses

  1. Tony says:

    How do I buy the e-book and guide for mini Importation?

  2. Chris says:

    How can one get the eBook on mini importation business.How can you be contacted personally?

  3. Enahoro Joy says:

    Hi, Pls what kind of biz can I start with 200k

  4. Prosper says:

    Please i want to start Mimi importation i have just 200k

    • Hi Prosper, mini importation is a viable business opportunity if you understand the secrets of the business. You can contact us if you’re looking for advise on how to start or how to select products. We can link you up with mini importation gurus but note they charge for that service.

      Regards

  5. Chioma says:

    Please make una help am out am still confused,i don’t know wat type of business to start wit 50k pls i need advice 0810538**** my WhatsApp number

  6. Gift says:

    Good day…. Pls am interested in the mini importation of wears… How do I get started

  7. Kingsley says:

    I have read all of your guide and counselling. I think mine will also be given attention. I am in Ghana and have been for thinking alot on wat business to go into. Though to come back to naija is not in mind for now. Although i went into transportation business in Lagos but it collapsed because of poor management by my family. Although I studied IT/laptop repairs, graphics design and have thought to open a computer training center with training,typesetting and photocopying. but the problem., I do not want to stay in a particular place and want to engage in other business in the future (poultry). Does it mean every business you are to establish you must be there to watch over it. From the experience about my past business I write you. I need your guide. All the best

    • Hello Kingsley, it is always advised to be around to nurture a new business. There are many factors to this, the main one being human behaviour towards other people’s business especially when there is no eye.

      If you set up a business and manage it for a while and in different season, you should be able to deduce what materials is needed for a period, revenue that should be expected and so on. That way, you will not be easily cheated.

      It is also very wise to have multiple streams of income.

      All the best.

  8. Kate Samson says:

    Hello. Please how can I start up a day care with #200,000 thousand naira. Give me some ideas. Thanks

  9. Olagoke Bimbo says:

    Good day sir,I have a clothing business in Ibadan but is no moving at all. But currently am looking for a shop to rent in my area where I stays to make it another alternative way to make money but there are lots of people selling daily needs and foodstuffs around there do I’m confused I don’t know what to sell

  10. Beauty says:

    I want to start a shallow business but don’t know how to go about it

  11. Franky says:

    how much will it cost me to start the production of nylon for selling and tying of goods?

  12. Henrietta says:

    I will like the whole sale of rice and income. Can you explain further.

  13. Pius says:

    Please can you say more about this two;
    1. Online affiliate marketing and
    2. Retailing business.
    I have interest in this two business.
    Thanks

  14. Nwanne says:

    please how do i start a distributorship business though i have indomie in mind but i don’t mind suggestions from you on other products

  15. Opeyemi says:

    I want to go into mini importation and I don’t know how to go about it

  16. Udoh Enobong Christopher says:

    Hi..want to go into office supply business…need ur advice

  17. Rev Ellis Agulefo says:

    I presently have a Shop along Idimu Ikotun road by Governor’s road junction in shopping mall. I importation and distributorship whole sale guides

  18. Bliss says:

    Am already in the fashion business, but needs invitation on how to get a trusted agent to help ship products from China, am sourcing goods from alibaba

  19. Adeshina says:

    I would advice people who don’t get discourage easily to go into mini importation business, It’s a very lucrative business if you know the right products to import and how to market your product. That is what I do and I’m enjoying it, although I failed when I started but I don’t give up, now I smiled to the bank.

  20. John Ben says:

    I love that importation of wears but don’t have any connection or anyone that does it to let me know how it’s done

  21. Hello Ayomide, thanks for the compliment. If you have the budget, kindly contact us using the contact us button for more details.

  22. Eleanol victor uwa says:

    I’m 23. What kind of business can I start with 500k? Please I need guidance too.

  23. Olatunde says:

    Hello, m glad to be here, pls I need information on distributorship business and food stuff business., pls its very urgent

  24. Ruky says:

    Am glad to reach here today

  25. Golden son says:

    Please i’m from Nigeria Benin city but currently in Ghana, I’m planing to open up a business in Benin city employ a worker to run for me while i return back to Ghana can anybody help me on a business i can put in someones hand without panicking

    • Hi Golden son, if you have enough funds, I advice you enter into distributorship business. This kinds of business are easier to manage.

      For example, if you’re a distributor for a noodle company, when you make payment for 1000 cartons, you are supplied the goods and it’s stocked in your shop, the sales person cannot tell you stories on why they can’t account for the 1000 cartons except it expires.

      You can also be controlling this kind of business from wherever you are.

      All the best.

    • Adesuwa says:

      Hey bro, I know you have a good dream, but trust me, it’s too difficult to hand over your business in some1’s hand, pls don’t try it, your presence is the key bro

  26. Amanda says:

    I’m totally confused as to what to do but I want to definitely do something

  27. Paul says:

    Pls sir I ve plan of going into foodstuff bussiness or into wears but I felt people can’t do without food daily but some can stay for some period of time without buying wears pls sir I need your advice on each of the two sir.

    • The two options are great, people also wear clothes everyday, but to be honest with you, foodstuff business is more profitable if you can be serious, have the right source for the items and enough customers. You can also go into home delivery for big buyers, that way, you reduce their stress as well as keep them from shopping elsewhere. All the best.

  28. moses says:

    Francis how much is 30 or 25ltrs of palm oil at enugu or imo. I’m in Lagos.

  29. David says:

    And again. I have interest in importation of wears…how can I get the source.

  30. David says:

    I have want to start palm oil business. Buying from South and selling in the north.
    I reside in Kano state.

  31. Jany View says:

    What biz can I do with 500k that wil yield a good profit?

  32. Abbahmosesadoyi says:

    Please how much do I need to have before starting raw grain food business, like bags of rice, beans, garri, maize groundnut etc?

  33. Aina Emmanuel says:

    Please Uncle Francis I want to start a kerosene business in Ogun state and I don’t know what to do I need some advice please sir I will be happy if I hear from you this is my contact number My Whatsapp number 09025439251

  34. Bright Saviour says:

    Please I want to go in retailing business like rice and indomie. Please I really need ur advice on this.

  35. Emmanuel Elame says:

    I want to go into retailing business like indomie and rice supply. Please I need expert advice and coaching. Thanks!

  36. ADENOLA says:

    I have interest in online affiliate marketing and importation of wears. Please how do I go about it?

  37. Berry says:

    I want to start a Fashion boutique how can I start it

    • Hello Berry, fashion is a good idea. If you need proper consultation on how to start a boutique business, kindly message us. You may also wish to visit a boutique in your neighborhood, meet the owner and request face to face counseling.

  38. segun says:

    I am planning of opening mini restaurant for eating… especially take away food… any enlightenment

    • Hello Segun, good to hear that. Assimilate this content very well, when you’re done, kindly shoot us a message for proper consultation. You may also wish to visit mini restaurants in your neighborhood, meet the owners and request counseling.

  39. Agbaeze Johnysky says:

    Great piece once again. Mini importation business is what I’m planning to go into.

    Thanks

  40. Amao olusheye says:

    I have interest in food stuff whole sales.

  41. Mr vector says:

    I can help you through

  42. UDOH NANCY says:

    GOOD DAY,PLSS AM INTERESTED IN IMPORTATION OF WEARS, HOW DO I GET THE RIGHT CONTACTS

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