Starting a business can be tough when you do not have too much capital to spare to start your dream business. 80k may not be a lot of money but it can get you started with a business that will be a stepping stone to building other businesses of your dreams.
Ever wondered what business you can start with 80,000, here are some businesses which you can start with that little amount of money.
- Mini Importation Business
- Liquid Soap and Perfume Business
- Garri Business
- Small Scale Snail Farming Business
- Egg Distribution Business
- Car Wash Business
- Tailing and Fashion Business
- Direct Affiliate Business
- Digital Content and Book Creation Business
- Fruit Juice Making Business
Among several other businesses one can start with 80k in Nigeria, the ones listed above are the business in which we have done surveys ask questions and even done some of them ourselves to confirm that 80,000 can really start that kind of business.
There are rules ones must follow in order to start this kind of business. Ignoring those rules will bring downfall to any business from the startup.
10 Business You Can Start With 80,000
These are some businesses you can start with just having 80,000 as your capital. Before you start venturing into this business, understand that you are starting with low capital so you will have to do what others are not willing to do which is, walking a far distance and having to do all the work yourself.
You will not be able to employ anyone, you cant be able to afford specific things and you will be required to do almost everything yourself.
These is the sacrifices one must go do to enable you to reach your goals and save up more money to invest in your business.
READ ALSO: Untapped Business In NIgeria
1. Mini Importation Business
Mini importation is all about buying from outside the country where it goods are sold cheap and then reselling them in your country.
Let us take for an example where you have chosen to be importing children feeding bottles from China. These products are sold very cheaply over there.
When you import it into the country, you will need to make realize your capital as well as the money you spent transporting the goods to the country and also make gain after everything.
This simply means that you will have to be calculative on how much you will be selling this product, find out how much it is been sold in the market already then make sell cheaper in order to sell faster and import another set of goods.
To start mini importation you will need a logistic person or company who will help you transport the goods to into the country.
The money you will be spending on logistics should be minimal, you should find someone who can send the goods to you at a very cheap price and also someone that won’t cheat you at the end of the deal.
You can also use Aliba, find a seller under Alibaba, discuss with the person and then pay through Alibaba escrow to make sure that your goods get to you.
If you are wondering the kind of goods you can start importing. We have made a list of the 5 best Goods that you can start as a mini importer.
- Water Bottle
- Electric Watter Bottle
- Babies Feeding Bottle
- Children clothes
- Phone packs
These products are very cheap to buy on Alibaba and will not cost you so much to transport them into Nigeria or any other country you may find yourself in.
2. Liquid Soap and Perfume Business
The cost of liquid soap in the market is very high and at this point in the world, the economy is really shaking. People are now looking for cheaper options for anything they are buying.
If you can produce liquid soap or any detergent that is effective, you need to start producing them right now because the majority can not afford to buy from the market again.
Buying the chemicals needed to produce 50 liters of liquid soap should not cost up to 80k since you are buying them at the raw state.
When buying any of the chemicals, always cross-check that you are buying the right one to avoid making mistakes that will cost you more money.
For those who do not know how to make liquid soap, I have found a video that taught me exactly the steps I should follow in other to make a very powerful liquid soup that I can be selling on the market.
3. Garri Business
Some time ago we discussed how one can start garri business in Nigeria which was a very detailed guide on how anyone who is interested in starting that can business learns from and starts doing it.
Many people who enjoyed the guide that was given out there were able to start their own garri business. Some of them have contacted me to thank me for giving them detailed directions on how to start their business in the garri industry. If you have missed that post, click here.
Other things we would love to add to that guide is that, with 80k, you can start your garri business. To do so follow the below bullet points.
- Buy already processed garri from remote areas
- Transport it to your base or to the town where people will be needing it can easily locate you
- Bag the garri with a neat bag (If possible label the bag)
- Get customers by advertising your business to people around
- Sell cheaper than others to enable you to sell out quick.
- Be nice to your customer, treat them like they matter
4. Small Scale Snail Farming Business
If you know how to handle snails, you should consider starting a snail farming business. Snails are not complicated as many may think.
We have actually made a very detailed post on what snails eat and how to find their food. If for any reason you have missed the post, here it is, you will learn a lot about snails and their eating habit.
Having understood the feeding habit of snails, you should know that snails are very simple animals, they do not require too many medications or too much attention while meeting or laying eggs.
But you need to pay very close attention to them to avoid them eating each other, also pay attention to their eggs so they can hatch healthier snails that will help you continue doing your snail business.
5. Egg Distribution Business
If you know anyone who owns a poetry farm, you can start buying eggs from them in large quantities and then have them distributed to consumers or sellers.
The egg distribution business has been around for as long as I can remember. You can also choose to start supplying your legs to families who love consuming eggs a lot.
80k is enough to start the egg distribution business. Buy the egg in crates and since you are buying them in large quantity, you should e giving enough discount.
6. Car Wash Business
Even now, there are not enough car washes around, starting a car wash business will be a very good idea if you really want to make enough money.
The car wash business could be easy for you to start, you need a location and adequate space where cars will be packed. There are some tools which you will be needing in so as to make washing of cars easy for you.
- Pressure Wash
- Overhead tank or any water source
- Brush and mops
- Towel and foams
7. Tailoring and Fashion Business
Tailoring is a very nice business that anyone can start, for a start you need to understand the basics of tailoring and how to sew clothes.
You will be needing a sewing machine to start your tailoring business, when starting your tailoring business, you should get a location where people can easily locate you.
8. Direct Affiliate Business
Direct affiliate marketing business simply means registering with affiliate websites like ClickBank and expertniar.
When you register with them, you can start making participating in their affiliate program where you will be giving products for sale and in turn giving a commission per sale.
If you wish to start affiliate marketing, you can contact me through our newsletter or visit our contact page where you will see my phone number and email address.
9. Digital Content and Book Creation Business
Digital contents are content which can be sold digitally without physically touching it. Things like PDF and pictures are considered digital files.’
You can start selling digital files in order to make money. Selling digital books will not cost you up to 80,000 to start.
You will always make sales as far as your book is always available for people to buy at any time. You can use Amazon KDP to sell your digital books.
10. Fruit Juice Making Business
You can start making fruit juice for people around you. You must not own a shop to start this business considering the fact that people will always buy from you as far as you are making a very good fruit juice.
You will be needing a Juicer Machines which will enable you to make a very good and clean juice for people to consume. HERE is the link to where I bought my own juicer machine, i have been using the machine for 1 year plus now without having any issues whatsoever.
These are businesses which i consider very fitting to start with 80,000 naira, you should start any of the business’s mansions here in order not to let your 80k to waste.
If you have any questions, be free to drop a comment using the comment section and I will gladly answer you. We will be adding more business ideas to start with 80k as we test more new businesses.