Business Ideas You Can Start With N5000 in Nigeria – How to invest 5,000 Naira capital to get N1 million ROI
Business Ideas You Can invest 5,000 Naira capital to get N1 million ROI
It sounds unrealistic to you when you heard you can use 5,000 naira to make 1 million naira or turn 5,000 to 1 million naira within some months but believe me sincerely it is very possible. There are some kinds of business ideas you can venture into and bring you fortunes just within a short period of time. Starting a business with only 5,000 naira and making up to 1 million naira can be a challenging task, but it is possible with the right approach and determination. However, in this post, I’ll be sharing with you how to invest 5,000 Naira capital to get N1 million ROI in Nigeria in 2023.
Business Ideas to invest 5,000 Naira capital to get N1 million ROI
Everything you need to know on how to invest 5,000 Naira capital to get N1 million ROI in Nigeria in 2023 has been shared below:
1. Freelance Writing
As I do say, not everyone is an enthusiastic writer and researcher but if you’re fortunate to be someone who has the zeal then this is the first you may need to choose in this topic which speaks about how to invest 5,000 Naira capital to get N1 million ROI in Nigeria.
If you have excellent writing skills, you can offer your services as a freelance writer on platforms like Fiverr, and reach out to people or businesses in need of freelance writers.
That aside, you can also search Google and apply for a job as a content writer. Getting hired on a monthly salary of 100k per month by the company would definitely earn you over 1 million naira in less than one year. Isn’t that profitable?
Also, you can start with small writing gigs such as writing blog posts, social media content, and product descriptions, and gradually build your client base.
You can charge between N1,000 to N5,000 naira per project and gradually increase your rates as you gain more experience and clients.
2. Social Media Management
The second way how to invest 5,000 Naira capital to get N1 million ROI in Nigeria is to start a career in social media management.
Read: Lucrative Small Businesses To Start With N20,000 In Nigeria in 2023
Many businesses and individuals need help managing their social media accounts.
If you are good at social media marketing, you can offer your services as a social media manager.
You can start by offering your services to small businesses in your area and gradually expand your reach. You can charge between 50,000 to 100,000 naira per month if you get fully hired for the job or charge 5k to 10k monthly managing different companies’ social media accounts.
If you do the right calculator you will see you’re making more than 1 million within some months.
3. Personal Shopper
Some people don’t like going around to purchase everything they need and that is when a personal shopper comes in.
If you have a good sense of style and love shopping, you can offer your services as a personal shopper.
You can help people choose and buy clothes, accessories, and other items based on their preferences and budget.
You can charge a commission on each purchase or a flat fee for your services.
However, this commission shouldn’t be too low and must target making at least 100k monthly by doing shopping from multiple clients.
4. Graphic Design
If you have skills in graphic design, you can offer your services to businesses and individuals.
You can design logos, flyers, brochures, business cards, and other marketing materials.
You can charge between 1,000 to 10,000 naira per project, depending on the complexity of the project.
However, if you’re just getting started, don’t expect to earn 100k monthly, it is a kind of business investment that grows gradually with consistency.
Starting a blog is an excellent way to showcase your expertise and share your knowledge with others.
You can monetize your blog through ads like AdSense, affiliate marketing, and sponsored content. It may take some time to build an audience, but with patience and consistency, you can make up to 1 million naira from your blog.
Must Have In Mind
Always remember that starting a business requires hard work, dedication, consistency, and patience.
Choose a business that you are passionate about and willing to put in the effort to succeed. Good luck!
Frequently Asked Questions On Business Ideas to Invest 5,000 Naira Capital To Get N1 million ROI In Nigeria
Some of the frequently asked questions related to how to invest 5,000 naira capital to get N1 million ROI in Nigeria are the following:
Is it really possible to start a business with only 5,000 naira and make up to 1 million naira?
Yes, it is possible, but it requires hard work, dedication, and patience. You need to choose a business that has a high demand and a low cost of entry just as those mentioned in this article.
Can I start an online business with 5,000 naira?
Yes, there are many online businesses that you can start with 5,000 naira. Some examples include blogging, freelance writing, social media management, and graphic design explained in this article.
How long does it take to make 1 million naira from a business that started with 5,000 naira?
It depends on the business you choose and your marketing strategy.
Some businesses can start generating income within a few weeks or months, while others may take longer. It also depends on the amount of time and effort you put into your business.
How can I market my business with a limited budget?
There are many cost-effective ways to market your business, such as social media marketing, email marketing, content marketing, and networking. You can also offer discounts or promotions to attract customers.
Conclusion On How To Invest 5,000 Naira Capital To Get N1 million ROI In Nigeria
In conclusion, starting a business with only 5,000 naira and making up to 1 million naira is possible but requires hard work, dedication, and patience.
Read: How To Make Money Fast In Nigeria Without Capital In 2023
You need to choose a business that has a high demand and low cost of entry.
There are many business ideas to explore, including freelance writing, social media management, personal shopping, graphic design, and blogging.
To succeed, it’s essential to plan and budget carefully, market your business effectively, and be prepared to adapt to changing market conditions.
With the right approach and mindset, you can achieve success and financial freedom.