Recently updated on September 15th, 2023 at 09:42 am
Last Updated on September 15, 2023
I realized that I needed to step up my financial game soon after the global avian influenza 19 pandemic recovery because my monthly wages would only be able to pay off my mounting debts. To that end, I researched a profitable business to start with 100K in Nigeria that I could launch.
Many of these businesses I researched would need significant capital, but the lucrative ones that required minimal money to start were the ones that piqued my curiosity the most. They were businesses that provided a daily income and could guarantee their owner a profit each and every day as long as the business was active and well-operated.
In Nigeria’s challenging economic climate, the dream of starting a business can often feel out of reach, especially when you’re working with a tight budget. However, the good news is that there are numerous lucrative business opportunities that require as little as ₦100,000 to get started.
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Check out our list of best businesses to start with 100K in Nigeria you can start right now are listed below. They are divided into Physical (online) and Online business to reduce your stress.
List of Top Business to Start with 100k in Nigeria 2023
Whether you’re a budding entrepreneur or someone looking to supplement their income, this list of top business to start with 100k in Nigeria can pave the way to financial success.
Here is the list of the best profitable business to start with 100K in Nigeria:
1. Car Wash Business
If you have the required talents, you may launch this well-known daily income business. It doesn’t take much to start a car washing business, other than finding a location.
People would want to wash their vehicles every day, so if you have everything you need, you can start an extremely lucrative daily income company.
You might acquire advice from those who have already carried out comparable tasks to assist you in successfully launching your own daily income business.
This is definitely a good business to start with 100k in Nigeria.
Everyone needs a hairstylist at some point, therefore the industry is in high demand. This is true for both male and female hairstylists, and no one has to be told how well this business makes cash every day since you are one of the people who need this service.
It is reasonable to say that anybody who wants to start a hairdressing business in Nigeria would be successful if they have the required skills as the country’s population rises.
Now all you need to do is create a bar and start bringing in regular clients.
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3. POS Business
Considering that all business owners utilise it to make money every day, this is one of the most popular businesses in Nigeria right now.
Simply visit any bank of your choice or any POS service and ask for a POS machine to get started.
Once all necessary fees have been paid to the POS company and you have become an agent with a POS machine, your POS business will help other people perform financial transactions while you get paid for each of them.
4. Laundry Business
Since many huge men and women don’t have enough time to wash their clothing and would rather pay someone to do it for them, this is one of the most lucrative enterprises in Nigeria.
If you are good at washing, you should enter this rewarding industry right now.
In order to start this business and ensure its long-term success, you must buy a washing machine, set up an office, and begin operations.
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5. Restaurant Business
Without mentioning the restaurant sector, which is always in demand, this list would be lacking.
Most guys no longer prepare supper at home; they really prefer to go out.
If you’re a talented cook, I advise you to launch this eatery. Men who can cook may start this company as well, so it is not only for women.
At your restaurant, you may also provide fast meals, cold drinks, and water, all of which can increase your revenue.
6. Sports Betting Shop
People of all ages are often interested in sports, which are highly popular. As long as you know how to run sports betting business, you can not only make a lot of money in the sports betting market, but you can also keep a steady flow of income coming in.
All that is needed to get started is to choose a location and buy computers and other essentials.
You may anticipate starting to make money every day once your sports betting business is operational.
7. Trading Business
Trading is defined as the act of buying and selling, therefore all you need to do is buy cheap things in large quantities and set up a site to sell them as a manufacturer or shop.
People will always have needs, therefore if you can fill those needs in exchange for money, you are a successful daily income trader. This is also one of Nigeria’s fastest-growing daily income enterprises.
8. Fitness Trainer
Another really good business to start with 100k in Nigeria is a fitness trainer business. There are a lot of people who want to get fit and a gym isn’t very suitable for them. A fitness trainer is a wonderful business idea that can earn you a lot of money.
While it can be difficult to launch a fitness trainer business in Nigeria, if you don’t have the means to own and run a gym, then go to gyms around you where you can meet customers who are seeking your service.
Remember the saying “health is wealth,” and because of this belief, many people will want to enrol in fitness and bodybuilding programmes.
This business is a great one to start since it attracts a lot of customers and does not just cater to wealthy ones.
9. Mobile Phone Repairer
This is another top business you can start with 100k in Nigeria. However, you need to know how to repair phones or phone accessories. People often have phone issues and need to get them resolved, so there’s enough demand. You just need to be located in the right place.
This is an underrated offline business in Nigeria.
If you are interested in this daily income business, then you should definitely learn how to repair gadgets and phones if you don know how already.
Another option is to employ somebody who can make repairs, however, you need to have a full grasp of the phone market, how to source for parts, etc.
10. Tailoring & Fashion Design
Some people are wealthy and make their living in the fashion sector. Naturally, we also have regular tailors who sew and modify our clothing on a daily basis.
This is a fantastic business opportunity for anybody with tailoring expertise. You can always find a way to acquire the new skills you’ll need to launch this business, but make sure you do since nobody will approach you until you do.
11. Soap Making
Soap making is a simple yet profitable business idea. You can learn the craft online and purchase the necessary ingredients and moulds with your ₦100,000 budget. Handmade soaps are in demand due to their natural ingredients and unique designs.
12. Event Planning
Event planning is a thriving industry in Nigeria. Use your ₦100,000 to register your business, create a portfolio, and market your services. With creativity and excellent organization, you can excel in this field.
13. Plantain Chips Production
Plantain chips are a popular snack in Nigeria. With your ₦100,000 budget, you can acquire the needed equipment and ingredients for production. The simplicity of the process makes it an ideal choice for beginners.
14. Fruit Juice Production
As health consciousness rises, so does the demand for fresh fruit juices. Your ₦100,000 can cover equipment and ingredients for small-scale production. Experiment with various flavours to stand out.
15. Snail Farming
Snail farming is a low-capital venture with high demand. Snails are considered a delicacy, and their market value continues to rise. Start small, learn about snail care, and gradually expand your farm.
Best Online Business You Can Start With 100K in Nigeria
Here are the best online business you can start with 100k in Nigeria:
16. YouTube Channel
Starting a YouTube channel requires minimal investment. Use your ₦100,000 to purchase a good camera, microphone, and lighting equipment. Create engaging content, and as your channel grows, you can earn through ads and sponsorships. Learn how to make money on Youtube in Nigeria.
17. Web Development
A lot of Nigerian businesses are looking to grow their online presence rapidly. Learning web development between 3 to 6 months with 100lk can open doors to a profitable career. Invest in online courses and tools to kickstart your web development journey.
18. Photography Business
If you own a camera and have photography skills, consider starting a photography business. You can invest 100k into promoting your business. You can specialize in events, portraits, or product photography. Quality work will attract clients.
19. Graphic Design
With a good enough graphic design skills, you can launch a graphic design business. Small businesses and entrepreneurs often require design services for logos, marketing materials, and websites.
20. SEO Service
Do you have expertise in search engine optimization? If the answer is yes, you may earn a consistent income by offering your SEO services to those who are in dire need of them.
In Nigeria, providing SEO services is a profitable and legal daily income business.
As an SEO expert, you must be able to create excellent content that appeals to both search engines and readers as well as create excellent links that will advance the rating of your client’s websites.
This business is one of the legal ways to start earning money in Nigeria since the bulk of your clients will be from other countries.
Most of the cost of his business will go into buying courses and tools.
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If you are good at it, you may be able to make money editing and proofreading other people’s articles.
Many companies are looking for workers with editing and proofreading skills who can help them with their paperwork.
In Nigeria, proofreading is more than just a common side job; it’s also one of the most profitable skills that might make you a multi-billionaire.
As a proofreader, you must possess technical knowledge of how to correct typographical errors, spelling errors, grammatical errors, and punctuation errors using the Grammarly app and Microsoft Word.
Visit proofreadanywhere.com to start your proofreading journey
22. Online Training
If you excel at something, you may start paying people to learn it from you. You may begin by inviting people to join a lesson you are holding on WhatsApp, Facebook, or Telegram.
You can create market-specific courses for people using text or video content, and you can even upload some of them to a platform like Udemy.
If you are teaching what others need, you may also make yourself available for tutoring or put up an online class and expect people to attend.
Are you among the many Nigerians who are sick of racing to work at 8 a.m. and leaving at 5 p.m. without any extra money?
If you’re sick of being bossed about and want to be your own boss, there are a variety of daily income businesses to look into.
The goal of this post is to give you ideas on the small businesses that will unquestionably leave money on the table every day. It attempts to help you get a basic grasp of the nature of the business.
You may launch this firm for an estimated N10,000, perhaps for advertising.
Many people choose to blog, but it is challenging to get started and it takes time for your site to begin making money.
There are many ways to make money from your blog every day, but setting up your site and building a following of followers comes first. You will be well on your way to generating a reliable daily passive income if your website receives a significant amount of daily visitors.
You may launch this online business in Nigeria for at least N60,000 Naira. Learn how to start a blog in Nigeria.
24. Affiliate Marketing
Another lucrative internet business that you may launch in Nigeria is this one. These companies conduct their operations clearly.
You join affiliate programs and get paid for each referral you make. In other words, your task will be to recommend that friends or anybody else utilise any internet services offered by respectable businesses or persons, and if you are successful in doing so, you will get compensated per referral.
There are various ways to find a lot of people who have been suggested to you, even strangers.
25. Social Media Communities
Are you a social media junkie like I am? You may be able to make a lot of money if you turn your pastime into a career.
You might begin creating active social media sites and groups on websites like Facebook and Telegram.
People will start to ask whether the group or pages are for sale if you make them extremely busy in any industry (entertainment, fashion, education).
Numerous firms, affiliate marketers, and bloggers will be willing to pay anything for it.
You may make at least N100,000 a week with this business, which I often advocate for young people.
With an expected cost of 6,000 per month for a data subscription, you may start this lucrative business in Nigeria.
26. Domain Flipping
Another term for this sort of online business is “domain flipping.” It comprises buying domain names and then offering them for sale to individuals or organisations that may need them in the future.
If you are creative enough, you can always brainstorm and come up with beautiful and amazing domain names that many people would adore.
Few people are aware of domain flipping, one of Nigeria’s most lucrative untapped industries.
One of the easiest to start daily income online companies in Nigeria is this one. You might start by buying and selling top-notch domain names from web hosts like Namecheap, Domainking, and others.
You might be surprised by the number of money people offer to buy your great domain names when they find them while searching for them.
27. Trade Cryptocurrencies
Cryptocurrency is a kind of online payment method that employs encryption to purchase goods and services.
Many Nigerians use cryptocurrency trading as their main source of income, demonstrating how successful it can be as a daily business.
You may turn your understanding of cryptocurrency into a daily income store and start trading for a livelihood with only a small bit of knowledge.
There are many ways to profit from cryptocurrency because of how profitable the sector is.
Trading or buying them for less, holding them, and then selling them for more may also be profitable strategies.
Also See: Top Crypto Exchanges in Nigeria
28. Amazon KDP Publishing
An excellent strategy to increase your daily income in Nigeria as an author is to publish your eBook on Amazon’s KDP (Kindle Publishing).
Due to a lack of funds, most writers find it challenging to print a physical copy of their book; this is particularly true for beginners who have never written a book before.
To be able to make some money for your daily expenses or to make plans for your future book that you need to print in hard copy, you must first convert your book to PDF and self-publish it on Amazon Kindle.
One of the most widely used online venues for publishing eBooks is Amazon Kindle, which is reputable and easy to use.
Your potential earnings on each sale made on the website range from 40 to 60%, depending on the cost of your eBook.
You may launch this enterprise for around N20,000 in total.
20. Digital Marketing
People with marketing expertise who wish to use their skills in the digital world might consider a career in digital marketing.
Businesses will pay you for your assistance with promoting their products or services if you just help them out.
There are a lot of people to advertise to online, and there are also a lot of venues to employ to reach those individuals, making this a fascinating business. Once you learn how to get going, you’ll soon be making some serious money every day or whatever the opportunity presents itself.
The expected cost to launch this business on te smallest scale is 150,000.
29. Online Retail Business
The digital age has ushered in a wealth of opportunities for online entrepreneurs. With ₦100,000, you can kickstart your online retail business. Identify a niche, source your products, and set up an online store.
Selling items online not only requires minimal capital but also offers the flexibility of working from home. Learn how to start an e-commerce business in Nigeria.
Moving Forward with a Business You Can Start with 100K in Nigeria
Being paid every day may seem unattainable if you don’t know where to begin. Many people don’t know much about what kind of daily business they may establish and start paying out every day.
Some individuals are still unsure about whether to focus on a daily business or payments that are due every week or month.
Traditional businesses may pay weekly, bimonthly, or even monthly due to payroll restrictions and limitations, but there are still daily company ideas that pay daily, and here are a few reasons to look into daily income business ideas in Nigeria.
One benefit of beginning a daily business is that they are often simple to launch, both online and offline.
Anyone with a fundamental comprehension may launch a daily company; they don’t require remarkable qualities.
Let’s be honest, however. Due to the fact that the activity is often simple, fast to accomplish, or requires little effort to set up, many everyday businesses both online and offline provide little compensation.
Some commonplace company concepts, like internet business concepts, may be carried out from the comfort of your house.
Daily business, depending on the kind of occupation and activity, is pretty perfect for students.
You often don’t need any money or resources to start a daily income business.
Everyone wants to be able to produce money rapidly since so many individuals have recurring demands or crises.
When they have urgent financial demands, the majority of individuals wind up becoming borrowers since not everyone has the patience to wait a week or a month.
This is why many individuals, including yourself, decide to run a regular company that brings in a continuous stream of money.
You may need to work every day if you want to engage in some internet enterprises that pay daily since you may need to set up an arrangement in advance.
Let’s say you develop a popular software, release it, and set up subscriptions or sales of digital goods so that you may make money every day while you sleep.
We’ve put together a list of 20 trustworthy daily income enterprises in Nigeria that, if you give them a try, may help you make money!
What Business Can you Start with 100k in Nigeria
Some of the businesses you can start with 100k in Nigeria are POS Businesses, Car wash, Hair Salon Business, e-commerce businesses, Bet Shops, Laundry Businesses, Blogging and digital marketing or even a startup.