RE: What business can I start with ₦100,000 in Nigeria?

I currently have ₦100,000 that I am ready to invest in a business in Nigeria. Can anyone suggest what business I can successfully start with that amount? Highlighting how I will be able to achieve it will also be of much help.

Temitope Beginner Asked on June 8, 2020 in General.
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3 Answers

Thanks to the pandemic plaguing the world right now and the new reality we all have to face, the best business to start up right now must be something that would require your coming in less physical contact and having to hold less physical interactions with clients, while still putting your capital to good use.
A lucrative business you should consider with this amount is Dropshipping, which, simply put is the setting up of an online ‘shop’ where people can make orders and pay for products which would be delivered to their locations courtesy of any trusted logistics company.
The good news, like I said, is that, this business requires little of physical contacts as you can setup everything online but you must ensure you do your due diligence in both the companies you order your products from and the logistics company you entrust your customer’s products with.
You can set up a shop where people can order for phone accessories, bags, shirts, footwears, house utensils, computer accessories, electronic gadgets and many more. But with your capital, it is advisable you stock up your virtual shop with fast moving and cheap items like bags, accessories, wears and shoes.
What you’ll need is a lot of publicity and adverts which you can either do yourself on social media or pay for ads on sites to reach a wider number of potential clients.

Another business you can start with this capital is buying and selling of Domain names.

Beginner Answered on June 16, 2020.

Peters, if you don’t mind me asking, how can I start that dropshipping business? Also, what would I have to spend the ₦100,000 on? I mean, if I want to start the dropshipping business now, what exactly do I need?

on June 19, 2020.
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