7 Businesses You Can Start With N20,000 And Earn N50,000 Monthly
Do you have a capital of 20,000 Naira and plan to start a business in Nigeria? Today I will go over 7 companies that you can start with just 20,000 Naira.
If you are like me who likes to try business before you start, this article will guide and inspire you a lot.
Here are the businesses you can start with 20,000 Naira
1. Wholesale SMS business
The SMS wholesale business is a company that does not require much effort or capital to start, in a day you can earn somewhere from N2000 – N4000 when you start.
This business is so easy to start that even with 20000 Naira, you can get many customers and earn revenue.
There are many Bulk Sms sites online, but I recommend BULKSMSNIGERIA because they are the best in terms of bulk SMS service.
Just visit their site and sign up, use your 10000 Naira to fund your SMS account and that’s it.
Once you’ve funded your account, all you need to do is make the churches in your area aware of your services. Reduce the fees for them and you will earn money for life.
You can expand this business over time, but with N10000 you can start and succeed.
2. Business Okrika
Yes, with 20000 Naira you can only start selling Okrika in Nigeria. It is guaranteed to be one of the most lucrative businesses you can start in Nigeria.
With just 20,000 Naira, you can buy 1 Bale Okrika from a reputable supplier.
3. Business blocks
The blogging business is very profitable, but it’s just not a fast-paced business.
With Naira’s 20000, you can create a professional website.
4. Dropshipping business
This is another business model where you sell what you don’t have in your online store. Although it requires some knowledge.
5. Activity for telephone accessories
This business involves the sale of mobile phone accessories such as headphones, chargers, earphones, USB connectors, etc.
With just 20,000 Naira, you can buy additional phone accessories (phone chargers, USB cables, headphones, etc.) from stores like Aliexpress / Chinabrands.
it is very cheap when you buy in bulk, 10000 Naira can get you more than 70 – 80 units.
Once you’ve accessed the Imported phone accessories, you can sell them to your friends or find stores where you can supply them.
You can also target college students who are looking for telephone equipment.
6. The sale of widely used books
Selling used books is very rewarding if you find the right audience, visit several stores in your local market, and find that no one buys their books.
This makes them cheaper to buy and sell.
To start this business, all you have to do is find a used bookstore near you, and then buy wholesale books (with N10000) popular books that you think will sell.
This company depends on enough knowledge of book readers who may be interested, it is not for everyone.
7. Fruit juice activity
If there is more than one type of cuisine and with only 20000 Naira you can start a fruit juice business, it becomes easy and the profit is high (juice worth up to N10000 when sold can return up to 30,000 Naira if marketed in this way).
One thing I would suggest when you start this business is to think about Branding and Packaging as it will allow you to make your sales easier and more reliable.