Almost a year ago, I taught my premium students different business to start with under N100k. Lately, my team compiled the progress. Thirteen students have earned seven figure profits, six have grossed over half a million in net revenue and well, two are still dancing shaku-shaku. So, the 90.5% success actually inspired this post using same business analysis tools.
You don't just jump and start living your passion, you need money to fuel it. So, this list would help if; (1) you need to fuel your passion or create another stream of income, (2) you're fed up with your current business model, (3) you need business ideas for your friends and loved ones. Also, I went through the stress of contacting the best trainers in each bsiness model at the end of the post.
1. GENERAL BRANDING and SHIRT CUSTOMIZATION:
People would always need customized shirts to celebrate birthdays, weddings, burials, concerts, etc. Organisations would always need branded souvenirs, stickers, furnitures, wears etc. Team supporters also need it to show off thier team (let's exclude Barca fans for now.lol). Jude made N1.5m profits few months back from customizing Black Panther Tee-shirts. In my early hustle days, I suggested to my Youth fellowship to get new shirts, running it made me extra N250k profits. The average profit is 90%. You may choose to play middle man in this business and make good profits or actually learn the simple branding skill and make mega profits.
2. LIVESTOCK FARMING:
I usually do not advice poultry, birds are delicate and require attention. My two top livestock in terms of low startup capital, less attention and little tecnical know-how are: (1) Snail farming; just get tyres for their housing and plantains peels for their feeding, finish, the rest is light weekly maintenance. The market is always there because of scarcity. 30k can even get you started. (2) Rabbit farming; they can even play in the living room. Very cute creatures ehn. Some would even buy from you as pets. Also, they can give birth to so many just like Mama Nkechi.
3. TUTORING:
Yeah, you read correctly. Home lesson, exam training, campus tutorials, WhatsApp seminar etc. People like Helen would chant " Coach, I don't know how to teach oh". My reply to her was "Very few people are born excellent tutors, most are self made! Take teaching like you're gisting and it would flow naturally. Don't try to "act" a standard teacher". Well, that same Helen just bought a Pathfinder Jeep from running home lessons for clients. Friends, you're definitely good at a subject, and even if you're Head-of-Olodos, you can handle primary school subjects. Do fliers, banners and some branding with your capital. No matter your age, this is another well-paying job, either as part-time or full-time. It's mostly in the evenings, so expect serious flexibility. It musnt neccesarily be home lesson, it can be WhatsApp seminars or something. Just improvise. Trust me, people are willing to pay!
4. BED SHEET/BEDDING PRODUCTION:
Every major state have a huge market to get materials in bulk. Go to Oshodi if you're around Lagos. Pick awesome materials. You'll find tailors to work on it in that same market. Don't limit yourself to just bed sheet. There's table cloth, handkerchiefs, boxers etc. Please never make the mistake of producing alot of products then become stucked without selling. Always create a market demand before mass production.
5. DIGITAL MARKETING:
I wish you know the desperation of thousands of business looking for more sales. Without sales, there's no business. That's where digital marketers come in handy. A review said 50% of the world sale would be performed online by 2020. So there's a pressing need for this skill! N30k can buy a digital marketing basics course. My company offers this service. N15k to register business name for better packaging. Our course covers that also. That's it, you're already in business. Also, make sure any digital marketing course you pay for contains templates of proposal letters to organisations.
6. MINI IMPORTATION BUSINESS:
This is my personal favorites. I've watched broke dudes turn millionaires with this model. My student sold a John Foster shoe to me for N45k. I pondered how he made profits as that amount seemed to be lower than other shoe stores in Abuja. However, I stumbled on his laptop one afternoon to see a Chinese wholesale website selling it for $55 (N22k). That's over 100% profits! The accessories you buy for N5k can be gotten for $6 (2k). Items like phones, electronics, wears, etc. The list is endless. With less than N50k, dear you're good to go!
7. SNACKS and DRINKS:
The production skills are pretty easy to learn. What should distinct you in this business is your packaging and smart marketing strategy. Always value customer service. You may not need a shop for a start. Just have a good supply chain and show-glass if need be. You’ll grow! Production of Smoothies, cocktail, sausage, small chops, cupcakes, chinchin etc. Always research for the perfect snack and drink combination. If you like sell zobo and shawarma. OYO.
8. FAIRLY USED WEARS:
"Me I cannot sell fairly used wears oh". Wee yhu kip kwayet?! Those in Abuja should know a dope building beside Orji Uzor House, Wuse. The major business of the man who resides there's is bulk sales of fairly used wears! Wait, when I say "fairly used wears" I'm not talking about the heavily degraded ones you see in the market. Most wealthy people don't wear cloths repeatedly. So what happens to those cloths? Bros, if Bill Gates decides to give away his cloths, I'll bottle my pride, throw inside Lagos lagoon, collect them, and upload selfie. My point is fairly used cloths are of different grades and you can access them with less than N50k.
9. FRUITS AND GRILLS:
Grills and fruits are eatables that people usually buy on impulse. The amount of money grilled meat sellers have collected from me, it can build three bedroom flat and small swimming pool. Fruits and Grills business just need a "strategic location". After studying fruit business for a while, I wanted to stop going to office and just become a professional fruit seller. Make your research, it's super lucrative.
10. PARTNERSHIP:
Entrepreneurship is not for everybody. Yeah, some are just meant to do the 9-5 behind the desk job. We all have that one person around us we know is very good with business. Invest with him or her. Learn to leverage the power of partnership. It's a soft way to get passive income.
If you have a strong will to "hustle" N50k isn't really challenging to raise. Also, the more money you invest, the easier it is to create a system for more profits.
PS: To avoid unnecessary losses, don't go into any of this businesses without a "guide" from an expert in the field.
Go to https://m.me/thebusinesslegends , click "Get Started" and my Facebook Messenger robot would connect you to the best coach in this profitable business at almost no cost.
Resteem Post to Offer your Readers Vital Information that May Help Them.
My name is Lovemore Leonard and I just want to build financially free people.
Liked it? Upvote.
Think others will? Resteem.
Want more? Follow. I would be delighted to follow back.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://elitethrive.com/profitable-business-lovemore-leonard/
Yeah Cheetah, Check the article author, my name is stated there. My article have been trending on major African blogs for a weeks now. I just decided to post on Steemit.
The coach nailed!!! 🍷🍷🍷
My favorite is also mini importation. I know a little about all these businesses you just talked about except Snail farming and I agree that 50k is enough.
Well done dear
Thanks Doc. I cannot stress how thrilled I am when I see you combine entrepreneurship and medicine. I'm single oh. Lol
Starting a profitable business with a low budget requires cost-effective solutions, you can try a PO Box because it offers an affordable way to establish a professional image, manage correspondence securely, and protect your home address. This small investment enhances credibility, helping your business grow efficiently within your budget.