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20 Businesses You Can Start With 100k

Coming today from out Twitter Planet is a thread that is priceless and can benefit anyone who decides to take up anyone business idea that is captured. 20 businesses you can start N100,000 is a thread by @boda_lanre on Twitter and we (Eureka Magazine) give full credit to him. Find Thread Below’

Disclaimer: In business, you need the right attitude unless, you’ll sink. Ensure friends and family pay for goods sold. If you feel you’re too big for a certain kind of business, then you’ll sink. There’s something we Yorubas call “Afarawe” Copying others lifestyle, don’t do it!

  1. Bedsheet/Beddings Production. Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and I tell you they guys who will sew it for you are just within the same Market. You can start will less that 100k and diligently grow your money.

Shirt Production: A sweet side hustle. There are tailors in Lagos Island or better learn the skill it will save you all the heartbreaks imaginable. Taiwo Street in Lagos Island is where you should be. Materials ranging from 700 – 1k per yard, sew for 1500/2k, Sell for 5-7k

Schedule a trip to Aba Market, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly beg your friend on twitter for RTs, we buy 3s pack boxers for 1500-2500 sell yours for 1200 gradually grow.

E-Payments and POS Business: You can a get POS machine from your Bank, and activate online banking: If you live in a place where banks aren’t much you can handle e payments for people and make your small change. I paid someone N200 to withdraw 10k in Ikorodu. ATM queue was crazy.

Mobile and electronic Accessories such Pouches, Chargers, USB cables, HDMI cables, earphones and more, can be sourced on Alibaba, Ali Express, Deal Extreme, etc. The more you buy the lower the price. And they are light so shipping won’t be a burden. Sell on here or jumia and co.

Cleaning Services: Some people find it hard to clean their apartments cos they’re busy from Monday to Friday and Saturday the have engagement and on Sunday all they wanna do is rest. Your tools won’t cost you up to 30k and you can clean 6 apartments a weekend.

Bead Making: I’m not sure there’s really much to say here. All you need is training, passion, creativity, unique designs and styles, then adequate marketing. You absolutely don’t need 100k to start this.

Home Service Barber: This is another profitable small-scale business. The beautiful thing about this is you bring your services to your clients for an extra token above regular. The starting capital to get the equipment and I’m sure you know we have rechargeable clippers.

 

Find other Twitter Threads HERE

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