Top 10 Best profitable businesses to start with 100k in 2022 in Nigeria can be accessed below.
You’ll agree that your monthly salary is never enough to get you by. You carefully plan your budget, but then something unexpected occurs, forcing you to spend outside of your budget, further reducing your salary.
Every day, we see how the cost of goods and services is rising. This is a good time to think about starting a business. We all know that doing business in Nigeria can be difficult, but there are a few businesses that can pay you more than you earn in a month on a daily basis.
Although your profits will be largely determined by the amount of money you are willing to invest, I will share some great business ideas that you can start right away and earn a consistent $10,000 per day.
What Business Should I Start with 100k in 2022? and Profitable Business To Start In Nigeria as graduate?
The top 10 best profitable businesses to start with 500k, 200k 100k and 50k 2022 in Nigeria with a detailed guide on each of the businesses has been obtained compiled by Ejes Gist News
This online news platform recognises that the year 2022 is just getting started, and many of our Nigerian readers are considering starting a new business as a main or side business. So keep reading to learn about some Verified ideas that will lead you to financial freedom in 2022.
With the country’s current hardships, there are a plethora of businesses that you can start with ₦100,000 in Nigeria and be successful, but you may find it difficult to come up with such ideas, resulting in you investing your money in the wrong venture.
If you are among those who are confused over the nature or kind of profitable business to start in Nigeria, trust me, you have come to the right place. This post will guide you on how to start your business with as little as ₦100,000 and succeed in Nigeria.
Here are the top 10 best profitable businesses to start with 100k in 2022 in Nigeria
Please keep in mind that many businesses in Nigeria began small and then grew to become what they are today. As a result, Ejes Gist News compiled a list of the top ten most profitable businesses to start with ₦100,000 in Nigeria in 2022.
1. Food Stuff Business
Food is one of the basic needs of human beings, and so one cannot survive without it. This makes the food business one of the best businesses to start with 100k in Nigeria and be successful.
Foodstuffs sell very well because of their gross importance in human life. With 100,000 naira, you can start a food business at any location where there are people.
Furthermore, before starting a food business, you must know the type of raw foodstuffs you want to sell and then source them from suppliers who are farmers.
You can sell them both online and offline, depending on the provisions you’ve made for transportation.
Examples of foodstuffs to sell are:
- Flours, etc.
QST : What Business Should I Start with 50k
Foodstuffs is one of best Profitable Business To Start with 50k in Nigeria
2. Cooking of Food And Delivery Business
Cooking and delivery is one of the best businesses to start with 100k in Nigeria. Everybody likes food, but not everybody can cook tasty or sweet food.
Due to busy schedules, it is becoming very difficult for people to cook these days. Most families depend on processed food and roadside food vendors.
Nigerian can easily start this business with less than N50,000 if you have cooking skills and a passion for cooking.
You do not even need to rent a shop for this business. Cook in your house and deliver it to customers in their homes and offices. You can also cook and sell at a busy junction.
The basic things you need to purchase when starting your cooking and delivery business are:
- A gas cooker
- Plates of different types and sizes
- Grinder/blender ( You can pay to blend your items )
- Coolers/stock pots
- Spoons and forks of different sizes
It’s not necessary to buy everything at once. Buy what your money can afford, and then, when you start making profits, buy the remaining items
3. Car Washing Business
In this century, the car wash business is among the most lucrative businesses that any male or female can start with just 100,000 naira.
Nowadays many people do not have the time to wash their cars, some are stressed after the day’s work and some cannot wash their cars well and the only option they have is to take it to the car wash.
Car wash is a business you can start anywhere there are many cars and adequate water supply.
The car wash business thrives in every season in Nigeria. As a result, you will have no disadvantages while running the business.
Moreover, a good location is essential for starting a car wash business. You need to choose a place that is visible to everybody.
If you cannot rent a place, you can go from house to house to wash cars for people. No doubt car wash is a great business to start with 100k in Nigeria and be successfully.
Tools You Need To Start Your Car Wash Business
- Car wash machine
- Water supply
- Storage tank
- Generator set
- Bucket, soap/detergent
- Brushes for tyres
- Towels, etc.
You can also start the business without a car wash machine… You can wash cars manually.
4. Selling Of Fairly Used Goods Or Clothes or Okrika Business
Another business idea you can start with 100,000 naira is selling fairly used goods and clothes.
Most Nigerians buy fairly used items like gadgets, clothes, shoes, household items, etc. You can purchase these items and sell them both online and offline.
Again, with 100,000 naira, you can start selling thrift wear, popularly known as okrika. Plenty of people prefer buying Okrika to brand new clothes.
Moreover, the poor economy of the country has made people buy what they can afford and not what they wish to buy.
You can buy Okrika Clothes In Lagos, Ontisha Market and Aba Market
Where To Buy Okrika Clothes In Lagos,
- Balogun Market
- Yaba market
- Aswani market
- Oshodi market
- Katangua market
- Badagry market, etc.
5. Laundry Business
This is a very profitable business idea that is also very simple to start. People nowadays are so busy that washing clothes is not on their to-do list, which has resulted in job opportunities.
Your laundry business will benefit from a good location. It’s best to look for locations in open areas with little competition where people can easily see you.
Residential areas, estates, or high-income neighborhoods, as well as a location with easy access to clean water, should all be considered.
Materials Needed To Start A Laundry Business
- Laundry detergents/soaps
- Pressing Iron
- Ironing board
- Garment conveyor
- Nylon and tags
- Power generator
6. Palm Oil Business
If the business ideas I’ve mentioned so far haven’t satisfied you, you should look into the palm oil industry.
Because of its many uses, the palm oil business is one of the most profitable businesses anyone can start in this era.
Almost everyone uses palm oil in their cooking, and you can even decide to export it to other countries for a profit.
Furthermore, palm oil’s price fluctuates; you can buy and store it when it’s cheap and sell it when it’s expensive.
What to Think About When Starting a Palm Oil Business
The following are the most important factors to consider when starting a palm oil business.
Choose a palm oil business model that works for you.
Obtain your storage space as well as your storage tanks.
Get your rubber boots ready.
Make arrangements with suppliers.
Choose a mode of transportation.
Sell and market your palm oil.
7. Fruit Drink Production And Sales
This is yet another profitable business in Nigeria that can be started with only $100,000. Freshly squeezed juice without coloring, flavors, or preservatives is becoming increasingly popular.
Furthermore, as people become more aware of the negative health effects of processed foods and beverages, they are switching from soft drinks to naturally made fruit drinks, creating a lucrative business opportunity.
There are a few things to do to get this business off the ground, and you’ll also need a great location to boost sales. There are several locations where you can sell your fruit drinks:
A roadside stand
You can sell it in bulk to supermarkets and restaurants. Furthermore, you will need to purchase manufacturing equipment to begin this business. The following are examples of basic manufacturing equipment:
Fruit elevator , Juice extractor, Fruit washer
Fruit crusher , Pre-heat machine
8. e-payment /POS Business
POS (point of sale) business is a cash-making business that has gained serious popularity. Read : How To Become A First Bank POS Agent
Some people hate queueing in banks to withdraw money, they prefer using POS that is even closer to them even though they are charged a transaction fee.
With 100,000 naira, you can become a banking agent and own an E-Payment outlet. The bank is where you can get your POS.
To become an agent, you would need to go to the bank of your choice and do the necessary registration. After the registration, you would be given a POS machine.
Banks provide free POS, but there are some restrictions. Furthermore, banks charge you a percentage for each transaction you make. Learn how to start a POS business in Nigeria.
Banks To Get The POS Machines
Below is a list of some of the banks that gives POS machines in Nigeria.
Diamond bank, etc.
Each bank operates in a different manner; all you have to do is go to the bank and inquire about the requirements for obtaining a POS machine.
9. Popcorn Business
The popcorn industry is one of those that has yet to be fully exploited. Popcorn business is self-sustaining, and with consistency and dedication, it can make someone wealthy over time.
Popcorn is a snack made from corn that has been popped on a hot surface.
Because so many people enjoy popcorn, you can’t go wrong with this business idea.
The business is not stressful or time-consuming, and you can start with a small sum of money and grow and manage it from the comfort of your own home.
You should sell your popcorn to supermarkets, schools, canteens, hotels, stores, eateries, and markets, among other places.
It’s also a good idea to put your popcorn machine near a busy road, market, or high-traffic area to increase sales.
Ingredient Needed For Popcorn
The following ingredients are what you should have to make Popcorn.
Items Needed For Popcorn Business
10. Mini Importation and Sales of phone accessories Business
One of the most profitable businesses to start with $100,000 in Nigeria is a mini importation business.
People make money by importing low-cost goods from other countries and reselling them at a premium in Nigeria.
If you want to succeed in business, you simply need to do your marketing right.
You’ll need someone to guide you before you start a mini importation business, and you should start with the most popular products. Before ordering any goods, you must conduct a market research.
Depending on what you’re selling, you can import from China or any other country. Find out how to start a small import business in Nigeria.
Things You Can Import Are:
Portable USB best lamp
Wireless phone chargers, etc.