In Nigeria, people believe that being the owner of a business is more lucrative more than working and being paid through salaries. Well, there are businesses you can start with less than 30k in Nigeria which has a high probability of multiplying and lucrative irrespective of the location of the business.
Why Location Matters When Starting Up A Business In Nigeria
Location matters when it comes to business establishments, when business is established in an area where few people are located or where people are not always around (Travelers neighborhood), there are higher probability that the business will have less customer, though through convincing advertisements, customers may come from other areas to patronize the business because of their quality or their exposure.
When a business is established in a very busy area, where a lot of people are located, their are high probability that the business can be a bit lucrative in some aspect because lot people tends to know about the business either by passing, friends’ information and so on. The business will be lucrative especially when there is a way where people pass maybe to other places, area or work place.
What you need to know before choosing business location in Nigeria
- Don’t establish your business in Nigeria in any area where recent robbery or frequent robbery usually happen to avoid loss of property or even investments.
- Don’t establish your Business in Nigeria in an area where there is too much dust i.e untied road where there is a lot of dust which can possibly damage some of your products in some aspects.
- Don’t use soft security doors or windows in your shop if available to avoid easy access for robbers in your absence.
Here are some Businesses You Can Start With Less Than 30k In Nigeria
1. Canteen Business
In Nigeria , people tends to be lazy some times to cook their own food which means there are probability that people will patronize your business if establish them in an area you know people will need a fast food to eat instead of them cooking their own, you just make sure you are neat so that people can’t have excuse for not eating or patronizing you.
2. Fish Production
Fish business in nigeria can in some ways be very lucrative because fish has their vital own nutrients which makes people love them so much. and keep note that if you want to start a fish production business, do establish it in an area which can harm your fish or kill them
3. P.O.S Business
With 30k, you can start a POS business, all you need is to use the money to get the POS machine from bank and then look for a spot to start the business and start sending and transferring money for people.
4. Soap Production
You can start producing soap in nigeria with just 30k and it will be very lucrative, you just make sure you ae serious and dedicated to your business and also make sure you provide quality production.
5. Cream Business
You can start up a cream business in nigeria and make money. all you need is to get your ingredients for the production for mixing them up, but don’t forget to have the knowledge of the production and also find a way to advertise it to people so that people can know about you.
6. Gold and Jewelry Business
This business is very fragile, because people can plan theft for you just to get away with your jewelries .
7. Dry Cleaning Service Business
You may not need a washing machine to start this business, you can make use of your hand to wash clothes or you may even include house cleaning with your services to make it more lucrative.
8. Printing Of Recharge Card
This business may not be much lucrative because network providers don’t make additional earnings available for people who sell recharge cards, the only amount you can earn may be just 2 Naira or even less per recharge card.
Conclusion
There are lot of businesses which may be lucrative in nigeria and a lot of businesses you can start with less than 30k in Nigeria, all you need to do is for you to look for the one that fits you and the ones you know can be the best for you to run them. Don’t forget to include prayers in it.
