So a few weeks ago we spoke about businesses you can start with less than #50K. Today we are expanding the budget with business ideas that require a little more capital. But let’s be real: starting small is still starting. And though times are tough, Nigerians are tougher! You don’t need millions in the bank to launch something impactful. Whether you’re a student, a 9–5er, or just tired of “waiting” for a job, there are smart ways to start small and grow big.
Here’s a practical guide to help you choose a business that fits your current budget — whether you’ve got ₦200K, ₦500K, or ₦1M.
Businesses You Can Start Under ₦200,000
You might not afford an office yet, but with consistency, you can grow. Here are realistic options:
1. Thrift Fashion (Okrika or Vintage Curation)
Buy Grade A thrift clothes or shoes in bulk and resell online via Instagram or WhatsApp. Nigerians love good deals, and fashion never goes out of style.
Startup cost: ₦100K–₦150K
Tip: Use reels and styled photos to market your pieces.
2. Snack or Food Tray Business
If you can cook or plate snacks beautifully, start offering birthday, office, or “just because” snack trays.
Startup cost: ₦150K–₦200K
Bonus: Perfect for festive seasons or Valentine’s Day.
3. Digital Skills & Freelancing
Learn design, social media management, or writing — then offer your services online.
Startup cost: ₦50K–₦100K (for data, laptop setup, courses)
Earning potential: Limitless, depending on consistency.
💵 Businesses You Can Start Under ₦500,000
Here’s where you can start playing in mid-range fields with higher profit margins.
1. Mini Food Mart / Provision Store
People buy essentials daily — this business thrives even in slow economies.
Startup cost: ₦400K–₦500K
Tip: Start from your home or a kiosk to cut rent costs.
2. Mobile Smoothie / Juice Bar
Health-conscious Nigerians are increasing daily. With a blender, branding, and packaging, you can start small.
Startup cost: ₦300K–₦450K
Tip: Set up near gyms, schools, or offices.
3. Perfume Oil / Body Care Line
This is trending big on Instagram. Source quality fragrance oils, brand nicely, and sell retail or wholesale.
Startup cost: ₦250K–₦400K
Tip: Focus on branding and scent uniqueness.
💸 Businesses You Can Start With ₦1 Million
Now we’re talking growth! These are ventures that can create full-time income and expand quickly with structure.
1. Shortlet Apartment or Airbnb Setup
You can rent and furnish a mini flat in a strategic area, or start with your extra room.
Startup cost: ₦800K–₦1M (depending on furnishing and location)
Bonus: Add concierge services like airport pickup or breakfast trays to stand out.
2. Boutique or Ready-to-Wear Brand
Source clothes locally or import small batches. You can also work with local tailors to create original designs.
Startup cost: ₦700K–₦1M
Tip: Create an online presence before opening a physical space.
3. Food Delivery or Small Eatery
If you’re good in the kitchen or know someone who is, this is a goldmine. Nigerians eat out A LOT!
Startup cost: ₦700K–₦1M
Tip: Focus on hygiene, packaging, and delivery reliability.
💼 Final Thoughts
You don’t have to wait till you “blow” before you begin. Start with what’s in your hand, learn as you go, and stay consistent. Remember — God blesses diligence, not delay.
“Though your beginning was small, yet your latter end would greatly increase.” — Job 8:7
📣 Call to Action
What business idea are you thinking of starting this year? Drop it in the comments — let’s discuss strategies and possible collaborations!
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