10 Fast Moving Businesses To Start With 200k In Nigeria (2023)
This article is a guide to show you the 10 fast-moving businesses to start with 200k in Nigeria.
Although, starting a business with just 200k (two hundred thousand) in Nigeria is indeed a fair amount, especially during this period when Nigeria is experiencing a severe setback in the growth of her economy.
Yet, you can easily and conveniently start some kind of profitable business in Nigeria without much effects of the economic setback.
If you’re truly a business-minded fellow then definitely any of these 10 Fast moving businesses to start with 200k in Nigeria is likely to turn your life around just within a short period of time.
So without taking your time, let’s dive into knowing the 10 Fast moving businesses to start with 200k in Nigeria today.
10 Fast Moving Businesses To Start With 200k In Nigeria (2023)
The list of top 10 Fast moving businesses to start with 200k in Nigeria today has been carefully analyzed for you below:
1. POS Business
POS is an acronym for POINT OF SALE. It is now popular and one of the top trending business ideas in Nigeria today.
Even, it’s considered one of the recent job opportunities for individuals both employed and unemployed.
With 200k or less, you can start a POS business in Nigeria without stress.
The capital needed to start this business is less than 200k.
Related: How To Start A Salon Business That Makes 1 Million Monthly
You don’t necessarily need to open a shop but if you’re located in a busy environment, you may need to get yourself a business location, get a small kiosk which may be less than 30k, chairs and other necessary items.
To acquire a POS machine, you may spend 30k or more depending on the company you purchased from.
However, one of the companies that offer affordable POS terminals is MoniePoint. Their POS terminal isn’t just affordable but offers great customer service.
2. Open A Sports Viewing Center
Operating a sports viewing center is a great business idea basically for men and also not for all men but for only those who enjoy football gaming activities.
Note: When it comes to gaming, I’m not a fan but because it’s profitable, it has to be included to help others.
Related: 7 Ways To Invest Online & Double Your Money Within 1 Year
Raising 200k for your football viewing center business is neither too small nor too much.
With just 200k, you can set up a football gaming viewing center.
The Requirements for a football viewing center include the following:
- GOTV or DStv console
- Timely subscription
- Rent or build yourself a center probably with wood
- Get your business wooden chairs (best for a start up)
- Advertise with the word of mouth.
With everything that required funds in the listed requirements, they aren’t up to 200k except you’re buying new and more than one TV.
3. Poultry Farming
This has to do with you rearing poultry birds for human use and consumption.
Poultry farming is a lucrative business included in the list of top 10 Fast moving businesses to start with 200k in Nigeria.
Fortunately, despite being lucrative and profitable, little numbers of people had ventured into this business and this is an opportunity for you to sell faster if you opt in.
The cost of starting a poultry farming business in Nigeria may vary by your location, the cost of purchasing birds, their food, the cost of a bed pen, the size of the business, and other factors.
But notwithstanding, if your aim is to start small, then 200k is enough to get started.
When it comes to snacks, popcorn is arguably the best and fastest-moving business.
If you’re planning to start a small-scale business you can venture into this business.
A modest of just 200k is enough for purchasing all the required equipment, ingredients, etc.
To start making the fastest sales, your popcorn business has to be located in busy areas e.g roadside, market, school, etc.
5. Salon Business
The 5th amongst the list of top 10 Fast moving businesses to start with 200k in Nigeria today is starting a salon business.
The cost of starting a salon business is much, yet, it depends on your pocket.
Even with less than 100k, you can start a profitable salon business.
The sum of 100k is enough to get the basic tools needed in the business.
But can one really make up to one million naira monthly from a salon business?
Yes, and absolutely.
In my previous article, I shared how one can truly make up to the sum of 1 million naira monthly from the salon business, you may check here to read.
6. Mini Importation Business
Mini Importation is the act of purchasing goods in small quantities from abroad down to your own country.
According to goinvestagric.com.ng, you can start a Mini Importation business in Nigeria with as little as N30,000, and starting with 200k will bring even more profits.
However, you must understand you need to be extra careful while trying to import goods from abroad not to fall victim to fraudsters, you can see the guidelines in the goinvestagric agric link provided above.
7. Exportation Business
The exportation business is more like the Importation business explained above and was also included in the list of top 10 Fast moving businesses to start with 200k in Nigeria.
I have extensively explained how to get started here on this website, you can see full details via this link.
8. Phone Accessories Business
I’m certain you’re not going to argue why the phone accessories business is included in the top 10 Fast moving businesses to start with 200k in Nigeria.
Read: How To Start Mini Exportation Trade Business In Nigeria and Make Money In 2023
We all know this is a very fast-moving business and starting with a capital of 200k will bring in resourceful income daily.
9. Start A Micro Provision Business
Without a doubt, selling provision is one the fastest-moving businesses in Nigeria but the major disadvantage of starting a provision business is competition.
Frankly speaking, the provision business is very profitable and you may experience competition more than in some other businesses, yet, you will win and gain more customers daily with the aid of a good business strategy.
10. Recharge Card Business
The recharge card business will be the last on the list of top 10 Fast moving businesses to start with 200k in Nigeria.
We all know recharge card sells like sachet water, and venturing into this business will surely bring no regret.
It doesn’t require huge capital, rather, you can start with less than 200k
Frequently Asked Questions On The Top 10 Fast Moving Businesses To Start With 200k In Nigeria
The following are related frequently asked questions you may want to know about:
Does Starting Any Of This Business Guarantee Success In the Future?
Yes. All these 10 fast-moving businesses to start with 200k in Nigeria guarantee success, however, it will matter if you are truly a business-minded fellow.
Can I Borrow Money To Start Any Of These Businesses?
No, getting a loan is never guaranteed for any of these businesses.
Not just this business alone but almost all kinds of business.
What Causes Bankruptcy In Most Businesses?
The lack of rightful knowledge is needed to kickstart. That’s why I would always want you to have a deeper knowledge of any type of business you may want to venture into.