10 unique profit-making businesses 100k can handle...
Many businesses in Nigeria began small and developed to become what they are now, necessitating the creation of a list of ten unique profit-making businesses that 100k can handle in Nigeria.
#1. Popcorn delivery
The popcorn industry is one of those that has yet to be fully exploited. When consistency and effort are applied to the popcorn business, it can make someone wealthy over time.
Popcorn is a food made by the popping of maize on a hot surface.
Because so many people enjoy popcorn, you can't go wrong with this business venture.
The popcorn business is not demanding, and it does not waste time. You can start with a little amount of money and build then run it on your own from the comfort of your own home.
You should offer homemade popcorn to supermarkets, schools, canteens, hotels, businesses, cafés, and markets, among other places.
It's also a good idea to put your popcorn machine near a busy road, market, or high-traffic location to increase sales.
Ingredients for popcorn business
Essential items needed for the popcorn business
The profit margin extracted from popcorn business can be up to 80% - 90% of the capital. That's why it is one of the most profit-making businesses 100k can handle in Nigeria and it will explode!
#2. POS business
The POS (point of sale) business is a lucrative cash-generating venture that has grown in popularity.
Some people despise waiting in lines at banks to withdraw money; instead, they prefer to use a POS that is even closer to them, despite the fact that they will be charged a transaction fee.
You can become a banking agent and own an E-Payment station for 100,000 naira. The bank is where you can obtain your POS.
To become an agent, you must first visit the bank of your choice and complete the relevant paperwork. After completing the registration process, you will be handed a point-of-sale machine.
Banks provide free POS, although there are some restrictions. Furthermore, banks charge you a percentage for each transaction you make. Learn how to open a point-of-sale (POS) business in Nigeria.
Financial institutions provide free POS, although there are some restrictions. Furthermore, banks charge you a percentage for each transaction you make.
List of banks that give POS machines in Nigeria
#3. Mini Importation
Mini importation is one of the most profit-making businesses 100k can handle in Nigeria and succeed.
People make money by importing inexpensive commodities from other nations and selling them for a high price in Nigeria.
If you want to succeed in business, all you have to do is conduct your marketing correctly.
You'll need someone to guide you before you start your tiny importation business, and you should start with the things that people buy the most. Before ordering any goods, you should conduct a market survey.
Depending on what you wish to market, you can import from China or any other country. Find out how to start a small importation company in Nigeria.
#4. Provisions and food stuff
Everyone needs food live and remain alive. This makes the food item business one of the most profit-making businesses 100k can handle in Nigeria and succeed.
Foods sell well due to their fundamental importance in human life. You can start a food company anywhere there are individuals with ₦100,000 naira only.
Furthermore, before starting a food business, you must first determine the type of raw foodstuffs you want to sell, after which you must seek out farmers as suppliers.
You can sell them both online and offline, depending on the transportation arrangements you've established.
#5. Cooked food delivery
Perhaps, it didn't occur to you that there are lot who would pay anything to have cooked food delivered at their door steps.
It's not like they can't cook or they don't cook. Many Nigerians are busy to the neck. They barely have time for themselves.
Think about it. If you could have lunch and dinner delivered to you, doesn't it saves you valuable time to give to family?
As long as the food is delicious and it's worth the money they pay for, even the road side mechanic won't mind your deliveries.
The passion for cooking would give you edge in this business. The amazing part of these profit-making businesses 100k can handle in Nigeria is that you don't even need a shop to start. From your house kitchen you can delivery food to customers in their homes and offices.
Targeted customers for food delivery business in Nigeria
Many individuals nowadays do not have time to wash their cars, some are anxious after a long day at work, and some are unable to wash their automobiles properly, leaving them with little choice but to take it to a car wash.
Car washes are a business that may be started anyplace there are a lot of automobiles and enough water.
In Nigeria, the car washing business thrives in every season—rainy and dry—so you won't have any challenges when running it.
Furthermore, if you want to establish a car wash service, you'll need a decent site. You must choose a location that is easily visible to everyone.
If you can't find a room to rent, you can wash automobiles for folks from house to house. The flexibility of this hustle makes us classify it as one of the most profit-making businesses 100k handle in Nigeria.
All you need to start this business
#7. Used goods
Selling fairly used goods or clothes popularly known as "Okrika" or "bend-down-select" in the streets of Nigeria is one of the amazing profit-making businesses 100k can handle in Nigeria.
The majority of Nigerians purchase gently used items such as electronics, clothing, shoes, and household items.
You can buy and sell these items both online and offline.
Again, with 100,000 naira, you can start selling okrika, or thrift clothing.
Many people would rather buy Okrika than brand new clothing.
Places in Lagos you can find fairly used clothes in bulk
#8. Palm oil business
Palm oil is an essential composition in the Nigerian diet. You find it in every household. In Nigeria, you get the best product from the southern region.
So most people buy in bulk from these regions and sell in retail prices to consumers in other part of the country.
Most Nigerians prefer palm oil products processed in the south because of its smell, thickness and texture.
It's worth noting, however, that palm oil has a season. The months of January to May are the busiest. As a result, during the off-season, which runs from July to December, you may not make as much money.
So a lot of entrepreneurs buy and stock in bulk. Then sell during scarcity.
Places to get the best palm oil in Nigeria
Laundry business is also one of the extremely profit-making businesses 100k can handle in Nigeria that is also quite simple to start. People nowadays are so busy that washing clothing is not on their to-do list, which has resulted in work opportunities.
Your laundry business will benefit from a suitable location. It's best to look for sites in open areas with less competition where people can easily see you.
Residential regions, estates, or high-income neighbourhoods, as well as a site with easy access to clean water, should all be considered.