22 Profitable Business to Start with 20k in Nigeria to make 100k or above monthly

Starting a business in Nigeria with 20k can be a daunting task, but it is not impossible. With the right mindset, dedication, and creativity, you can start a profitable business with just 20k. In this blog post, we will explore the business ideas that you can start with 20k in Nigeria.

List of business to start with 20k in Nigeria to make 100k monthly

Okrika Business

With N20,000, you can start an okrika business. Simply research the most cost-effective and high-quality clothing markets for resale.

In Lagos, popular options include Yaba Market, Balogun Market, Oshodi Market, Aswani Market, Katanga Market, and more. Keep an eye out for special discount days in some of these markets to maximise your savings.

Popcorn Production

Popcorn production is a profitable business that requires little capital to start. With N20,000, you can buy a popcorn machine, corn, sugar, salt, and other ingredients. You can sell your popcorn at events, schools, cinemas, and other places where people gather.

Phone Accessories Business

The phone accessories business is a lucrative business that requires little capital to start. With N20,000, you can buy phone cases, chargers, earphones, and other accessories. You can definitely sell your products online or offline.

Recharge Card Selling

Recharge card selling is a profitable business that requires little capital to start. With N20,000, you can buy recharge cards from different networks and start selling. You can sell your recharge cards online or offline.

Perfume Oil Business

The perfume oil business is a profitable business that requires little capital to start. With N20,000, you can buy perfume oils, bottles, and other materials. You can sell your perfume oils online or offline.

Native Clothes Selling

Native clothes selling is a profitable business that requires little capital to start. With N20,000, you can buy native clothes and start selling. You can sell your native clothes online or offline.

Affiliate Marketing

Affiliate marketing is a business model in which you promote products created by others and earn a commission for each sale generated through your marketing efforts.. With N20,000, you can start an affiliate marketing business. You can promote products on social media, blogs, and other platforms.

Digital Marketing

Digital marketing is a business that involves promoting products and services using digital channels such as social media, email, and search engines. With N20,000, you can start a digital marketing business. You can provide services like social media management, email marketing, and search engine optimization to clients or businesses.

Video Blogging

Video blogging, commonly known as vlogging, is a business venture that revolves around producing and sharing videos on platforms like YouTube. The exciting part? You can kickstart your video blogging journey with just N20,000.

With this modest investment, you have the creative freedom to produce engaging video content on a wide array of topics. From fashion and beauty to lifestyle and more, the possibilities are endless. Ready to become a video content creator and share your passion with the world? This cost-effective business idea might be your perfect start!

Water Selling

Water selling is a business that involves selling bottled water. With N20,000, you can start a water selling business. You can buy bottled water in bulk and sell it at events, schools, and other places where people gather.

Home Cooking and Delivery

Home cooking and delivery is a business that involves cooking and delivering food to customers. With N20,000, you can start a home cooking and delivery business. You can offer services such as meal prep, catering, and food delivery.

Liquid Soap Productions

Liquid soap production is a business that involves producing liquid soap. With N20,000, you can start a liquid soap production business. You can sell your liquid soap to individuals and businesses.

Baking

Baking is a business that involves baking and selling cakes, pastries, and other baked goods. With N20,000, you can start a baking business. You can sell your baked goods online or offline.

Cleaning Services

Cleaning services is a business that involves cleaning homes, offices, and other spaces. With N20,000, you can start a cleaning services business. You can offer services such as home cleaning, office cleaning, and post-construction cleaning.

Tutorial Classes and Home Lessons

Tutorial classes and home lessons is a business that involves teaching students. With N20,000, you can start tutorial classes and home lessons business. You can offer services such as home tutoring, online tutoring, and group tutoring.

Bedsheet Production

Bedsheet production is a business that involves producing bedsheets. With N20,000, you can start a bedsheets production business. You can sell your bedsheets online or offline.

Agricultural Products – Snail and Rabbit

Agricultural products – snail and rabbit is a business that involves breeding and selling snails and rabbits. With N20,000, you can start an agricultural products – snail and rabbit business. You can sell your snails and rabbits to individuals and businesses.

Shirt Products

Shirt products is a business that involves producing and selling shirts. With N20,000, you can start a shirt products business. You can sell your shirts online or offline.

Sales of Men’s Underwear

Sales of men’s underwear is a business that involves selling men’s underwear. With N20,000, you can start a sales of men’s underwear business. You can sell your men’s underwear online or offline.

Sales of Customised Football Team Jersey

Sales of customised football team jerseys is a business that involves selling customised football team jerseys. With N20,000, you can start a sales of customised football team jersey business. You can sell your customised football team jerseys online or offline.

Beads and Bangle Making

Beads and bangle making is a business that involves making and selling beads and bangles. With N20,000, you can start a beads and bangle making business. You can sell your beads and bangles online or offline.

POS/ Agency Banking

In Lagos, there are several banks that offer agency banking services. You can become an agent for as low as N20,000.

As an agent, you’ll be able to offer banking services such as account opening, cash deposit, cash withdrawal, and bills payment. You’ll earn a commission on every transaction you carry out.

Conclusion

Starting a business in Nigeria with a mere 20k Naira is indeed feasible. You can select any of the previously mentioned business ideas to embark on your entrepreneurial adventure. Keep in mind that triumph in business demands diligence, commitment, and ingenuity. Your determination and resourcefulness can lead you to success.