Often times we hear motivational speakers say that money is not important in starting a business.
If you have ever heard that and wondered what Daily income Business in Nigeria with 50k then this article is for you.
Also Read: How To Make 50k in a Day
True, money is not so important when starting your small business, but without the proper funding, you’d soon experience business failure.
With this article, I will take a quick deep dive into businesses that you can start with as little as 50k and yet earn daily income in Nigeria.
Contents
Categories Of Daily Income Business To Start In Nigeria With 50k
I am an entrepreneur with several wins and fails to my experience.
From my experience, I can tell you that starting a business is not truly the hard part; the hard part is getting a business idea that is innovative enough, that needs very little capital, guarantees some form of regular or daily income, yet within the performance window of the entrepreneur.
I have therefore tried to help Nigerians out by curating a list of small daily income businesses in Nigeria; businesses like an online business that pays daily, to business in Nigeria to start with 50k.
I have chosen to put them in categories. Please click here for a richer list of other business ideas that you can earn big from.
1. Food Business
Food is one business you can start with any amount, especially with an amount as low as 50k. N50,000 is good enough to start a business in Nigeria. Food such as snacks, fast food, etc., can be ordered from you via your social media page, your Whatsapp, or even a dedicated sales website.
With the right amount of deligence and attention to pleasing your clients, you could grow your business in no time and become a known brand.
Food business is one of such businesses that can guarantee you daily income if done right.
2. Education as a Business in Nigeria
Growing up, I recall enrolling as teachers to community after schools traning centres. We call them “Lesson” while growing up. You could end up with as many as 100 students if you are able to deliver on the expectations of your clients.
Good education is expensive in Nigeria with good schools going for as high as N150,000 per term, and mostly they are privately owned schools.
You do not need to have much to start your school, all you need is to have a location near your home and you could be on your way to making millions if you are able to do things the right way.
3. Marketing As a 50k Business in Nigeria
As an entrepreneur, I can easily tell you that most business owners in Nigeria would happily give anything to hire the services of an independent marketer to help sell their goods and services.
This type of business falls under the category of a 50k business in Nigeria. You do not need much to start this also. All you need is to start selling yourself as a marker; with technology, you do not need to rent an office space; this can be done right from your home – a laptop would be an excellent resource for this business.
4. Logistics A Good Daily Income 50k Business in Nigeria
Logistics business is one of the thriving business in Nigeria currently. Learn how to start a logistics business in Nigeria by clicking here.
With a lot of people working from home and having the Internet and social media as their sales location, most of them work without the luxury of employing their own staff so that leaves them with the option of having to hire independent service delivery agents; one of the services in high demand is logistics. It is highly outsourced.
The logistics business cuts across a lot of sectors and services; from handling (warehousing) to delivery and other specialized services.
5. Digital Marketing, Daily income Business in Nigeria with 50k
If you want to start Daily income Business in Nigeria with About 50k yet make millions doing so, then digital marketing is one of the businesses that you can learn and go into full-time.
Digital marketing has evolved over time, and it is highly profitable if you can put in the time and work.
Mailchimp describes digital marketing as the promotion of brands to connect with potential customers using the internet and other forms of digital communication. This includes not only email, social media, and web-based advertising, but also text and multimedia messages as a marketing channel.
6. Affiliate Marketing
Affiliate marketing is today, one of such businesses that can guarantee you millions in dail income. In Nigeria, there are affiliate sites that can help you with your dream of making millions through affiliate marketing.
Expertnaire is one of such sites for Nigerians, it is suited to the Nigerian environment and the usual limitations that you face as Nigerian on other such sites have been relaxed.
Click here to learn about affiliate marketing as a profitable business in Nigeria and how you as a profitable business in Nigeria, and how you, too, can get started.
7. Knowledge Selling
Forbes put it this way – Your knowledge can very easily be turned into an actual online business: from selling e-books to building online courses and membership sites, there are numerous ways that you can use your knowledge about a specific niche to build your own business.
Trust me, there are a lot of things you know that others are willing to pay to learn from you.
Chioma Ifeanyi-Eze, is one Facebook influencer that I follow for her many money-making write-ups. You should follow her too.
8. POS Business – A Profitable 50K Business in Nigeria
The POS business in Nigeria has come to stay. Sometimes we had to wait in very long queues to withdraw money.
The POS business has lifted many youths that would normally had seen themselves as unemployable, out of the poverty spectrum.
The POS Business is one of those profitable daily income businesses in NIgeria that you can start with as little as N30,000. It requires that you are verified by your bank though, and it requires you to have at least a registered business name with the CAC, a bank account, and a small place to start with.
Some of the things that you need to start and effectively run a POS business in Nigeria are:
Below are some of the requirements to start a POS Business:
- Valid means of identification like National ID Card, Voter’s ID Card, etc.
- Passport photographs
- A valid current account with a bank in Nigeria
- Bank Verification Number (BVN)
- Current Account references
- Evidence of business registration (CAC Certificate)
- Start-up funds/ capital minimum of NGN50,000
- Tax Identification Number (TIN)
9. Domain Name Flipping
Domain flipping is buying a domain name as cheaply as possible. Then, without doing anything with the domain, you’ll sell the domain to an interested party for more than you initially purchased.
You really can start this business with as little amount as possible, even for as low as N5,000.
Here are the 10 most expensive domain names publicly reported by Godaddy.com
- CarInsurance.com — $49.7 million
- Insurance.com — $35.6 million
- VacationRentals.com — $35 million
- PrivateJet.com — $30.18 million
- Voice.com — $30 million
- Internet.com — $18 million
- 360.com — $17 million
- Insure.com — $16 million
- Fund.com — £9.99 million
- Sex.com — $14 million
You too can make millions in dollars flipping domain names.
10. Cleaning
Business in Nigeria with 50k list would not be complete without adding the cleaning business. This is one business that you could literarily start with no capital.
Cleaning is a service that can be rendered to a diverse category of clients. From cleaning on regular basis, to cleaning offices as contracts and even cleaning houses post fumigation or even houses after a renovation or contruction project, cleaning would always be a service that most people would always have in demand.
Put in the work, market your services via several available sources and you are sure to make the expected daily income from cleaning.
11. Recharge Cards
Selling recharge cards is one lucrative business that has taken a lot of Nigerians off the poverty spectrum. This service is so lucrative that even banks with their wealth, still engage in the sales of recharge cards.
You can learn all about the recharge card business here.
12. Baking
Baking is another business in Nigeria that is highly profitable.
A major strategy to make it big in this industry and become a brand within a very short period is to identify a niche and become a master at it.
The baking industry is vast with several value chains along the line. You could choose to learn how to decorate baked cakes, you could also niche out and bake only art cakes or traditional cakes that are in very high demand.
13. Juice Making Business
Juice making is a very lucrative business that is very diverse and in high demand. You could do fresh juice making as a business, go a little into the alcoholic mix, and also go into packaging juice for long term sale.
There are a lot of schools that you could learn juice making from, one of such schools is the Federal Institute of Industrial Research, where you could learn Zobo production, several cocktails, and even palmwine bottling and preservation, to mention but a few.
You could actually start a juice making business with as little as N50k.
14. Synthetic Hair
The video below teaches how to sell hair, moreso, you could transition from selling human hair to having you own hair salon business.
Conclusion
Making money is easy, yet a lot of people run away from making money because they find it difficult to put in the required work.
The title of this article reads – 20 Guaranteed Profitable Daily income Businesses in Nigeria with 50k, so I’ll find time to complete the article by writing on the list below as soon as I can.
That being said, learn to advertise online, open a small online presence by building your website; there are a lot of tools available online to help you with your website setup, and save you some money.
15. Phone Repairs and Sales of Phone Accessories
16. Plaintain Chips
17. Groundnut Chips
18. Pure Water
19. Gardening Business
20. Start a Personal Shopping Business
It helped alot
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