Nigeria is a hard place to live in. With the way, her economy is worsening, one can only wonder if the normal 9-5 jobs that a high percentage of the population have is sustainable. The answer is no. No one is advised to have a single source of income, you should aspire to have multiple streams of income.
It is on that note that we have decided to give you 5 businesses you can start with 100k as a lot of us are thinking of how to supplement our income.
If you go to Balogun market with 50,000 Naira, you will be amazed by the number of bedsheets you buy with it. Bedsheets can never go out of fashion, it is among the basic needs of man. There is no way you will have shelter and you won’t need bedsheets to make your bed look cooler and more presentable. Investing in this business is a big yes.
This is also called Okrika business. There is money in this business. With 50,000 Naira, you can get your package and resell it for a higher price. If you have friends who wear second-hand clothes (a lot of ladies do), you can sell to them. The viability and profitability in this business is the reason why a lot of people venture into it.
This is a thriving business. A lot of ladies do not joke with the kind of weaves they wear on their head. Even team natural at some point get tired of the natural hair. They wear their hair in cornrows and wear a wig. So, hair extensions can never go out of style. With 100k, you will be able to afford a good number of low-cost luxury hair that you can resell for a higher amount and make a profit.
There are fanciful wristwatches which you can get for 700 Naira and sell for 1,500 Naira. Even with the advent of mobile phones, wearing fanciful wristwatches will never go out of fashion. If you have 100,000 Naira that you feel should go into business, buying and reselling luxury wristwatches is very advisable.
This is another cool business. If you got to a place like Ikotun market at night, you will see pretty bags with low prices. These bags go for 500 Naira and above. The amazing fact is that these bags are neatly used and most of them are designer brands. Imagine buying a healthy Chanel bag for 500 Naira and selling it for 3,000 Naira. Try to do the math when you buy in bulk.
There are a lot of businesses one can start with 100,000 Naira, share your ideas in the comment section.