10 Business Ideas You can Launch with 20k in Nigeria Today

10 Business Ideas You Can Launch with 20k in Nigeria Today

It’s amazing to see people becoming successful with a business started with just 20,000 Nigerian naira. These people wouldn’t have surely achieved this if not for their positive thoughts towards the business.

Therefore, if you are a young entrepreneur looking for fantastic business ideas that won’t break the bank?

Look no further! I’ve actually got some amazing suggestions for you as I have provided you a list of 10 Business Ideas You Can Launch with 20k in Nigeria Today.

Are you ready to explore the list of top 10 Business Ideas You Can Launch with 20k in Nigeria Today? If you affirm yes then let’s get going!

10 Business Ideas You can Launch with 20k in Nigeria Today

Here are the top 10 Business Ideas You Can Launch with 20k in Nigeria Today that you need to explore this year:

Recharge Card Business

The first on the list of 10 Business Ideas You Can Launch with 20k in Nigeria Today is the recharge card business.

The recharge card business is a popular and profitable business venture.

You can start by purchasing recharge cards in bulk from retailers at a discounted price.

Once you have your stock, find a strategic location like a busy marketplace or near schools to sell the recharge cards.

People will come to you to top up their mobile phones, and you’ll earn a profit from each sale.

Just ensure you keep your inventory up to date and offer excellent customer service which is much more important in every business.

Selling Men’s Underwear

Selling men’s underwear is a great idea because it’s a product that people need every day.

To start, buy different styles and sizes of underwear from retailers.

You can find suppliers at local markets majorly in Lagos and Ibadan or online.

Then, set up a small shop or stall in your community to display and sell the products.

Make sure to maintain cleanliness and provide excellent customer support to keep your customers coming back for more. This is the second of the top 10 Business Ideas You can Launch with 20k in Nigeria Today.

Mobile Food Vending

If you enjoy cooking and preparing delicious food, mobile food vending is an excellent choice.

Invest in simple cooking equipment like a gas stove and pots.

Then, create a menu with tasty snacks or meals that are popular in your area.

Find busy spots like markets, parks, or near schools to set up your food stall. People will be drawn to the aroma of your food, and you’ll make money while doing what you love.

Perfume Oil Business

The perfume oil business is unique and can be quite profitable.

With your 20k budget, you can buy different scents in bulk and small bottles for packaging.

Perfume oils are more affordable than traditional perfumes, making them attractive to customers who are on a budget.

You can sell your perfume oils in local shops, online platforms, or even door-to-door.

Phone Accessories

In this modern age, almost everyone owns a smartphone, making phone accessories a hot commodity.

Use your 20k to purchase a variety of accessories like phone cases, screen protectors, chargers, and earphones.

Start by selling these accessories to your friends, family, and every individual.

As word spreads about your business, you can expand by setting up a small kiosk or online store to reach more customers.

It is one of the top 10 Business Ideas You can Launch with 20k in Nigeria Today.

Blogging

Blogging is an exciting and creative business idea.

Choose a topic you are passionate about, like fashion, sports, or travel, and start writing engaging articles.

You can create a free blog on platforms like WordPress or Blogger to get started. As your blog gains readers and followers, you can earn money through advertisements and sponsored content.

Selling Fingerling Catfish

Fish farming is a lucrative venture in Nigeria, and selling fingerling catfish is a smart entry point.

With your 20k, you can purchase fingerling catfish from fish farmers and sell them to other farmers or individuals looking to start their fish ponds.

Make sure to take good care of the fingerlings to ensure their health and attract more customers. It is an essential way to quickly grow wealth today.

Egg Distribution

Egg distribution is a simple yet essential business.

Buy eggs in bulk from local farmers and supply them to small shops, markets, or households in your community.

Eggs are in demand daily, so you’ll always have customers. Make sure to handle the eggs with care to avoid breakages during transportation.

Soap Production

Soap production is an excellent business idea that requires minimal investment.

You can start by making simple soap bars using ingredients like oils, lye, and fragrances.

Research different soap recipes and experiment with various scents and shapes.

Package your soaps attractively, and sell them to your friends, family, and neighbors.

You can also explore selling them at local markets or stores.

Dry Cleaning Business

Dry cleaning business is also not excluded as one of the top 10 Business Ideas You can Launch with 20k in Nigeria Today.

Starting a dry cleaning business can be profitable if done right.

You can begin by washing with your bare hand and offering laundry services to people who don’t have time to wash their clothes or prefer professional cleaning.

Advertise your services in your neighborhood and provide excellent customer service to build a loyal client base.

FAQs On 10 Business Ideas You can Launch with 20k in Nigeria Today

Here are some frequently asked questions on the top 10 Business Ideas You can Launch with 20k in Nigeria Today with answers:

What business can I start with 15k in Nigeria?

With 15,000 Naira, you can consider starting small-scale businesses like selling snacks, bottled water, or phone accessories.

You could also venture into services like laundry, cleaning, or graphic design.

What business can I start with 30k as a student?

As a student with 30,000 Naira, you can explore businesses like tutoring, freelance writing, graphic design, or small-scale fashion retailing. These businesses can be managed alongside your studies.

Which business can give me fast money?

Businesses like mobile food vending, event planning, and online freelancing can provide relatively fast cash flow, as they have lower barriers to entry and may generate quick sales or service fees.

What is the cheapest, most profitable business to start?

Some low-cost, high-profit businesses include online selling (e.g., dropshipping), digital products (ebooks, courses), content creation (blogging, YouTube), and affiliate marketing.

These businesses can yield profits with minimal upfront investment.

How to make 10k daily in Nigeria?

Earning 10,000 Naira daily may require a combination of income streams.

You could consider starting a high-demand business, such as food catering or event planning, or exploring online opportunities like e-commerce, digital marketing, or freelance services.

What can I invest with 10,000 naira?

With 10,000 Naira, you can consider investing in agricultural schemes on cowrywise, mutual funds, or stocks on the Nigerian Stock Exchange.

Additionally, you can explore small-scale retailing or buy inventory for a profitable business idea mentioned earlier.

Always conduct thorough research before investing to minimize risks.