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

Have you considered starting an online business? I know you’re probably thinking about an offline business like fashion designing, farming, buying and selling, etc. However, you’ll likely need a huge amount of money to start some of those.

If you go for something like blogging, you may not need to spend as much as that. You should just have it at the back of your mind that you may not immediately make huge profits. I can definitely put you through how to go about it.

Blogging offers you many opportunities to make money. You may use ad services like Google AdSense or even sell your own ad spaces. But that may not be a good idea if you don’t have enough traffic yet.

Setting up a basic blog for a start, you may not even need to spend up to N50,000 for a standard website. Eventually you’ll have to renew it but if you’re consistent, you’ll make way more money that your investment.

If you are an “internet” person with specific skills, you may also consider:
> writing
> transcription
> copywriting

You don’t even need to spend N100,000 to start these. But they all need you to be consistent and to always give value. You’ll get new clients from referrals.

Beginner Answered on June 9, 2020.
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