Ever wondered what business you can start with 50000 or less? I have been in your shoes! you see starting a business is one easy thing to do because with just 10K you will always see something you can buy and resale for a higher price but the problem is sustaining that particular business and turning it into a value stable income.
On that note, I will show you the exact 15 businesses you can start right now with just 50k in your account. Nothing more Nothing less, with the 50,000 Nigeria naira, you can start building this businesses, but its progress and growth depend on the dedication you put to it.
There are several businesses you can actually start with 50k but we will only talk about the most lucrative ones. We will also talk about many other business areas that you can venture into with your 50k as such that you will you will be a proud business owner.
Lets us face the reality nobody would tell us, there is some business that we can t call a business looking at the long time benefit.
There are some things we may choose to start selling knowing fully that we have no feature in this business but the choice to stick with it because we feel we have no choice but to stick with it.
I am going to take you through how I started my own business some years back with little money and how I was able to sustain the business till it gets to the stage It is right now which I am currently enjoying.
The number thing you do when you have started your business is first to acknowledge that it won’t be easy. Doing that will set your emotions to pass through any difficulties you may face because you actually know where you are driving to and know the destination you will eventually arrive at.
Before we go into the main matter, you should understand the limits you have with your 50k. There are businesses you can start with that amount of money and there are ones you cant start. For example, you can start hair business with 50k in Nigeria be it in abuja, Lagos, Calabar.
Another idea that will realy do great justice to your finance is by making good use of your 50k. You can start palm oil business with 50k and yes it is very lucrative if its done write.
Now talking about businesses you can not start with 50k. As there are businesses the amount will help us startup si there are limitations to it. 50k is not a great amount looking at the state of our economy. For example, you can not start a provision business with 50k because you will need lots of goods to stock up your shop and 50k will not give you that maximum amount of goods you need.
With this being said, lets now go ahead and see the most profitable businesses to start with 50k. Yes 50k will be enough to start this following businesses.
15 Business You Can Start With 50000
Expounding the business you can start with 50000 you will get the complete guide on starting your business with 50000 naira in Nigeria.
In the end, if this article I will show you exactly how to earn at least the 50,000 you would be starting your business with, so pay attention and make sure you do not miss any part.
Read also: 10 businesses you can start with 80k
1. Plantain Chips Business
Everybody loves eating plantain chips that are well prepared. I myself love eating them but always seek out the best among the numerous ones see around.
In our first list of business you can start with 50000, you should consider starting your own plantain chips business where you serve your customers delicious and well prepared plantain chips,.
Some think plantain chips can not give them the money they want, they do not really invest time in making good and sweet plantain chips.
Here you come in, if you are good at making delicious meals or snacks, plantain chips will be a good avenue for you to start making money.
Am not telling you to start hawking them but to start making them in large quantities where sellers can easily come and buy from you.
I understand that the cost of living today is high. applying for hard work and smartness will help you get a good deal on buying raw plantain.
Here is what you should do. Contact anybody you know that has a plantain far and offer to be buying in large quantities.
These people want to sell their product and won’t refuse your offer so this way you won’t have to buy from those reselling the plantain since you are sourcing it out from the original seller.
This way it will be cheap for you and also you will be able to get fresh and healthy plantain that you will use in making your plantain chips for your customers.
2. Soap, Body wash and Scrub Production
The world of beauty and skincare has been a lucrative business right time. Beautify business is one of the world’s most lucrative businesses one can ever think of.
The problem is that some people who are into this business can not really come up with a formula that works for people and solve the problem that has purchased it for, while some of those that work have a large negative effect on the user.
So how do you solve this problem? Based on the fact that today’s men have gone into taking care of their skin and beauty, what was usually thought to be a woman thing.
Meaning you have more potential customers who can patronize your business which in turn means more money in your account.
Now considering this thing your mind should tell you that investing time into making a thing that works really with it.
Had it been some beauty product you use doesn’t work, you wouldn’t be using it after the first purchase, now put yourself into the shoes of your potential customers, will they return to buy from you if your product never gave them the reason to come back for the second time?
You may be asking how you can find out the formula that works, it is easy. The study of chemical that is offered in almost every school can help you or you can read books on how chemicals works and the formula that can give you any result you want without having any negative effect on the user.
You shouldn’t be looking for formulas that have zero negative effect as you will not be able to find it, your focus should’ve ones that the effect is less and may not be noticeable.
3. Fashion Designing
Men and women will keep on taking care of their outfits and you know what that means? More money to fashion designers.
You can tap into this business knowing that it is a long time something that will always put money into your pocket, with 50000 you can start this business just that you have to first acquire the skill which should cost you about 15k to 20k for someone to teach you.
After learning these skills, you should be able to buy a manual sewing machine for 30k to 40k, then proceed in making clothes for people.
To learn these skills requires dedication and planning, you can be in action in acquiring the knowledge if you do, you are falling and won’t be able to make out any reasonable thing from it.
4. Small Scale Organic Farming
Farming business is another thing that can give you the value life you want. Many who do not understand how lucrative farming is will always underestimate the worth of making them lose out on the kind of things they would have benefited from it.
Having a small piece of land is a very big blessing because with it you can start your organic farming with some artificial resources like electric bulbs and natural manure.
Organic farmers produce their farm products all year round which means they are not bothered whether we are in training or dry season since they do depend on the change of whether to produce any of the things they sell.
To start organic farming, you should have a kind of container where you will set up farms of different crops and have a source of watering and electricity to enable you to make good use of your time in growing your crops.
5. Hair Making Barbing Salon
You can start hair making and barbing salons with 50K anywhere, you just need to buy some simple equipment that needs to start up with then when you start making some money you can now upgrade to buying other things that will make your work easy.
6. Affiliate Marketing
When I started my online business career, the affiliate was the first thing I tried which initially did not work for me but I never gave up instead I channel that energy to learning how the affiliate thing works and how to make the most out of it.
Learning that helped me start making money by promoting people’s products and by making sure that I have all it takes to make sales.
From there I started promoting my own products which I buy from China. This business became a very lucrative one for me.
Now affiliate making has been made easier because with just your phone you can join one or two platforms where you will be making money.
One of these kinds of platforms is known as Expertnaire, with 50000 you can join them and start making money.
The platform pays users every Friday and is sure it won’t be bad if you start making your own money using the same data you use in streaming TikTok videos that won’t make you a dime.
7. Popcorn Business
The popcorn business is a nice one to start since everyone loves eating popcorn, you do not need many things to start this business.
If you can provide your gas, or electric cooker, port and some money to buy the popcorn, milk and sugar, you are good to go.
There is a popcorn lady near my house that makes mad sales every day she comes out, the money keep coming to her as she is dedicated to building it.
With 50k you can start your own popcorn business and make a cool amount of money. So when next you want to know a business you can start with 50000, remember popcorn business is there to serve you.
8. Raw Food Vending
Selling raw food items like tomatoes, yam, rice and other items is another business that you can start with that 50,000 you want to out to good use.
You should buy from those that produce it from their farm and then resell them in the market. This will make you travel far places like remote sites to get it cheaper so that when you sell them, you can be able to make some gain
9. Palm Oil Business
The palm oil business can give you the benefits of having 50000 in your account. You may have seen people doing this business and have been wondering if it is really with it. Yes it does and you can start Yours with just 50k, you can buy from that selling in large quantities and resell it of a higher price.
This business I stressful as you may have to travel far distances but it will really give you the freedom you want in your financial state.
10. Small Scale Gas Refilling Business
Have you ever needed to fill your gas cylinder urgently and the only option is the roadside gas vendors? Ys that’s how important those people are, you can become important to others by starting your own small-scale gas refilling business near residential areas.
You can buy from a gas station then add some money per cylinder and resell it to people around your vicinity. 50k can take through setting up the business from scratch since it requires little amount of money to do.
11. Egg Distribution
Eggs are one of the most sort after food people use in preparing food, selling out eggs will not be a problem once you can get them.
Comparing the cost of egg in the market, as the price increases so do the gain. Having 50000 to start a business, consider starting your own egg business where you sell to people both far and within.
12. Ice Cream Making Business
Everybody loves taking the ice, you should be able to make a good amount when you produce quality ice cream for people to buy.
To start this business you need an ice cream-making machine. You can purchase the second hand if your money will not be able to buy the new one then proceed in making ice cream for people around you.
To maintain this business, you need to make quality and testy ice cream, there is no point trying to make something no one will buy from you.
Since the test of ice cream is the reason people buy it, there is no need to make something you know you won’t like to eat talk more about people buying it.
13. Organic Drinks Production Business
Making an organic drink is another way to utilize your 50k, these drinks are not really that hard to produce, by watching some YouTube videos will give you a head start on how t go on making good drinks for people.
In order to be on the after side, follow the laydown rules o the consumable items procedure in your country so that you won’t get in trouble.
14. Mini Importation Business
Mini importation is the act of importing small-scale goods from another country for the purpose of reselling them. This business has been on for many years and has seen huge growth since China started producing in mass.
Starting this business is very simple and 50k can get you goods that will end up making you 100k, to start this business, you need to get a place where you can buy from them from there get them to ship it into the country.
Alibaba is one of the places you can get cheap goods to buy and have them get to you anywhere you are. Start with smaller goods then expound as your money grows.
15. Diaper and Woman Beauty Kit Business
Every month there is at least 20 babies are born in every area around the world, and selling babies’ diapers will really fetch you money.
Women’s beauty kits also can help you make good of your 50k, you should buy and sell good beauty kits that help women look beautiful as they use them.
How To Make 50000 At Home
If you are yet to make your 50k which you will use in starting your business, that shouldn’t be much of a problem since you can join the N-Power program where you will be paid.
You can also read our article on making 10k daily with your phone, this article will teach you things you should do in order to make up that 10k daily, doing that can help you come up with the 50,000 and more which you will in turn use in starting a stable business.
In addition, there are a few things you can do to make money online with just your computer which includes just doing the basic things.
1. Blogging
Blogging is one of the ways money can be made online with the minimum work when you have done the work needed for you too.
It is easy to start blogging in this age where everything has been made cheap. Things like hosting and domain is now cheaper to buy due to some competition.
2. Sale homemade soap
You can start making soap in your home, staying at home should be a blessing and not just your comfort zone as everyone sees it to be.
You may be wondering where you can learn to make soap, there are hundreds of videos on YouTube that teaches that for free.
Conclusion
Starting a business should be one of our top most priority as you can be able to have more control in your life. There are things that are needed to start up this business which I have covered in this article.
So utilize that 50k in your bank account in starting a profitable business that will pay the bills for you. You should be able to see positive outcomes within your first month of starting the business with 50000, make sure you are up and doing.
You need to work hard in order to build that business and also you need to always come back here to get more of our detailed info on how to start a business and build your brand.
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