What Business Can I Start with 150k in Nigeria?

What business can I start with 150k in Nigeria?
What business can I use 100k to start in Nigeria?
What business to do with 50k in Nigeria?
What business can I start with 30000 in Nigeria?

If you’re bothered and asking any of the above questions, well, you’re at the right place. In this detailed article on how to start a business with 150k in Nigeria, you will learn all the necessary business ideas and business guides to get you started.

In 2024, starting either a physical business or an online business in Nigeria can be profitable and lucrative with little to no capital. Therefore, with the right strategy and business opportunities in Nigeria, you can find a lucrative business to start with 150k in Nigeria or even less.

WHAT BUSINESS CAN I START WITH 150K IN NIGERIA?

With 150k, there are tonnes of profitable businesses to start in Nigeria. Hence, this has made me compile a great list of 11 businesses you can start with 150k, 100k, and even 50k in Nigeria.

Now let’s get into the nitty-gritty. What business can I start with 150k in Nigeria? They are:

1. Online Retailing and Wholesaling

Online retailing and wholesaling means selling items like clothes, perfumes, female artificial hairs, gadgets, books, souvenirs, female underwear, and many other items online.

Now the question remains: is online retailing and wholesaling profitable in Nigeria? Yes, and in fact, online retailing and wholesaling give you the opportunity to earn dollars in Nigeria if you sell to global customers.

Online retailing and wholesaling is very profitable, and you can start with 150k in Nigeria. Here are the steps in order to start an online retailing or wholesaling business:

Decide a niche
Create a business page and register a business name
Get products you want to sell in bulk from online shopping platforms like Konga, Aliexpress, Jumia, Jiji, Alibaba.
Set up an online store with either Shopify, Amazon, Bumpa, or an instagram business page to start selling online.

2. POS Business

We are in a cashless society, which is pretty clear, isn’t it? These days, we find a multitude of POS businesses around every nook and cranny of Nigeria, but we never ask ourselves why there are so many.

Did you ever notice that businesses ranging from small kiosks to restaurants and down to even gas stations are making use of POS terminals? why? We are in a digital age and a cashless society.

Hence, starting a POS business is highly profitable, and it is a great business idea to start with 150k in Nigeria. The icing on the cake is that you can start a POS business with just $50,000 in Nigeria.

3. Confectionery Business

When looking for a business to start with 150k in Nigeria, the confectionery business is a route to follow.

Confectionery products like candy, birthday or wedding cakes, pastries, doughnuts, pies, chocolates, and the like can be great business ideas to start with in Nigeria.

These businesses can be done by both genders, but a higher percentage of ladies are into them in Nigeria.

You can sell these confectionery products online, or you can open a small rental space to sell them. Growing this type of business all comes down to location and events. Example: a school area or events like birthdays and wedding ceremonies.

4. Cook-on-demand Food Business

Food is an essential part of human daily needs, and there is no way we don’t eat food every day. Hence, the cook-on-demand or online food business is a very profitable business you can start with 150k in Nigeria.

The cost of starting a physical restaurant might be out of the roof; therefore, starting a cook-on-demand food business is less cost-effective. I’ll help you understand better.

With the help of social media, we all tend to order or purchase food online these days. Having a great food business page that consists of clean and attractive pictures can be your first boost.

However, it is also important to partner with a delivery or logistics service to help with faster delivery to customers. Well, if you have your personal rider, then you’re fine.

Selling cool-on-demand food online without having the capital for a rental space is a very smart idea, and you can start this business with 150k in Nigeria.

5. Barbing Salon Business

Starting a small barbershop is another lucrative business you can start with 150k in Nigeria.

Starting a barbershop business with 150k will require you to take capital management very seriously. Why so? I’ll explain further.

In order to start this business with 150k in Nigeria, many things are involved, like getting a small rental shop, getting clean-cut clippers, and getting hair-cutting accessories. Hence, this will ensure you are managing capital appropriately in order to achieve this.

6. Cleaning Service Business

A cleaning service business is a lucrative business to start with 150k in Nigeria.

There is a high percentage of people looking for cleaners in schools, churches, health centres, event centres, and other facilities.

With a capital of 150k or even less, you can start a cleaning service easily in Nigeria. All that is required is to promote your cleaning business in the right way and get lots of job opportunities where your services are needed.

7. Foodstuffs Business

Foodstuffs is one of the businesses you can start with 150k in Nigeria. This involves the sale of a variety of food products like rice, beans, palm oil, vegetable oils, and more.

With a startup capital of 150k, you can purchase a bag of rice, a full container of palm oil, a bag of beans, or less and start selling at retail prices.

Starting a food business is very lucrative, as agriculture tends to be a main source of income in Nigeria. Entrepreneurs can therefore take advantage of this by starting a small food business with just a capital of 150k.

8. Phone Accessories Business

Phone accessories business is another business you can start with 150k in Nigeria.

Phone accessories are slowly becoming part of our daily needs, and each time we have a faulty one, we tend to buy another.

Selling these phone accessories can range from chargers, earplugs, batteries, phone covers, wireless cords, routers, Mifi and WiFi devices, etc.

A phone accessory business can be done in Nigeria with 150k either by starting online and delivering to customers or by having a physical rental shop to sell these accessories.

9. Laundry Business

Starting a laundry business require the washing and ironing of clothes for potential customers. This is a very good business to start with 150k in Nigeria.

There are small washing machines and ironing machines that are cost-friendly compared to the capital of 150k. You can start with a small space in your home if you don’t have extra money for a rental space or shop. What matters most is the right marketing and your outstanding services to customers.

10. Crochet Business

Crochet businesses are slowing becoming popular in the hemisphere of Nigeria, and this is a business you can start with 150k in Nigeria. This is primarily a business idea for ladies, but experienced men are never excluded from this business idea.

Crochet is a type of needlework technique performed using fibre or other materials to craft dresses, tank tops, crop tops, and bags.

We find crochet wear at beach parties these days, but we never pay attention to the business side of making those dresses. You can make crochet dresses and accessories like crochet bags to sell to models, school students, fashionistas, and more.

11. Bed Linen Business

Bedsheets, or bed linen, is another lucrative business to start with 150k in Nigeria.

Take a look at hotels, hospitals, boarding schools, guest houses, and more. What do they have in common that relates to this business? They all use bed linens and sheets.

Whether you want to start selling sheets, blankets, curtains, towels, and more, Let me tell you the truth: this business is very profitable in Nigeria, and you can start with 150k.

Either you’re selling online or you want to own a store, as time goes by, it is very obvious that people are in need of these bed linens or bedsheets.

BOTTOM LINE

Starting a lucrative business in Nigeria with 150k can be done without any hassle if you access the right business guide in your fingertips. Hence, the objective of this article is to help you discover the various profitable businesses you can start with 150k in Nigeria.

What is more important is to understand that there are more businesses you can start with 150k in Nigeria. Therefore, it is necessary to also understand each of the business ideas highlighted in order to have a full insight into your choice. I wish you luck in your business endeavours.