Profitable Business to Start With 500K or Less in Nigeria…
Are you still wondering about the kind of business you should venture into with that 500K in Nigeria? or maybe you don’t have up to 500 thousand nairas and you still want a business module that you can start with that money in your hand/account and earn more income daily? Then, this guide is all you need.
Starting up a very profitable business with 500k or less with the ideas in this post will be very easy. Most of these businesses require no experience when starting up. Some of them can be operated as a side hustle or part-time.
Yes, It is possible.
N500k is a splendid capital to start a business with. If backed up with genuine commitment and hard work, then in no time, a lot of profits will seep into the business. This post will explore some of the most profitable businesses to start up with N500k or less.
Below are the list of Businesses you can to Start With N500K or Less
Car wash business is one which you can start with N500K or less and is sure of giving you a considerable amount of profit. It is considered to be among the most attractive businesses to entrepreneurs. Every car owner needs to clean their cars, as it is a highly valued asset and a source of pride to Nigerians.
According to reports, there were about 17 million cars in Nigeria in 2018. This shows the highly profitable nature of this business. Car wash business owners could earn as high as 10 million Naira a year by modest calculations.
The perks about this business are that not much experience is needed, and the business equipment is easy to procure at an affordable rate.
2. Football Viewing Centre Business
Football viewing centre business is one of the businesses you can start with N500K or less. In a country like ours, where every adult male, even children, are football fans.
Then, the business already has a robust potential customer base. Football is inspiring when watched in a group, so profiteering on the raw football passion of Nigerians is a great business prospect.
No experience is needed. The business requires space, a backup generator, fan, TV satellite, and seats. A good sense of accounting is required to balance the expenses.
If you live in an urban area, then this is a great business you can start with N500K or less. Students and business professionals well patronize laundry service.
It is a business known for its high return on investment. It is flexible and easy to establish. You can even start the business in your house before you expand to somewhere more prominent.
If you are passionate about sharing knowledge, then starting a bookshop business with 500k or less, is a beautiful idea. It is a business centered around students and other professionals.
Selling books to students alone will guarantee you high earning. It will give you the independence and personal satisfaction you need. It requires no experience.
Poultry Farming business is known for its high profitability. It is a business where too much capital is not required, and a lot of space is also not needed to kick off the business. You don’t have to wait too long to profit from rearing chicken, as chicks take a short while before maturation.
The business is also known for its low maintenance cost, and in Nigeria, chicken meat is always in high demand.
It is a great business to start with 500k or less.
6. Fish Farming
Fish farming business is a great way to make a profit. Nigeria is among the world’s highest consumers of fish. It requires experience and more managerial abilities. It is not risky and profits can be generated in less than six months.
Fish ponds, excellent water facility and quality fish are what is required for the business. The demand for fish is considerably on high. It is a business to kick start with 500k or less.
Yes, that’s it, Now If you have any questions on this, feel free to drop it at the comment section below and do well to share this using any of our share buttons – Facebook, Twitter, Whatsapp or Google+