19+ Business Ideas You Can Start With N1000 In Nigeria

Table of Contents Hide

Benefits of Starting a Personal Business
List Of 1000 Naira Business Ideas In Nigeria 2023
What Business Can I Start with Low Capital in Nigeria?
Which Business Can I Start with 2k in Nigeria?
Can I Start POS Business with 100000?
What Business Makes the Least Money?
What Business Can I Do with 5000 Naira?
Conclusion
Related Articles
References

In 2021, 32.5% of Nigerians were unemployed, and the unemployment rate was 33% in 2022; who knows what it will be in 2023? People no longer wait impatiently for funds to start a business. Those days when people waited until they had hundreds of millions of Naira before they went into business no longer exist. In this article, you will learn about top profitable small business ideas that you can start with just 1000 naira in Nigeria.

40% of enterprises currently do not require considerable cash to get started, unless there are compelling reasons not to. Nowadays, you can start a business with or without prior experience. You may start your business with as little as N0 and as much as 1000 naira by watching a few videos online. Let us go to work on what has to be done.

Benefits of Starting a Personal Business

Starting a personal business from a different business perspective has several advantages, in addition to providing a gateway to self-employment and helping to terminate the job search.

#1. Unlimited freedom

Unlike working for someone or in a team, when your boss/boss dictates how and when you will work, self-employment allows you to work at your own pace and in a straightforward manner. This is appropriate for folks who may not have what it takes to work for the organization owing to factors such as age, health issues, limited time, and so on.

#2. Fulfillment of dreams and aspirations

Getting a job is one thing; getting the job of your dreams is quite another. While the former can be difficult to locate, the latter is nearly impossible. We live in a country where the majority of people work jobs they don’t particularly enjoy or because they don’t have any other options. However, with the appropriate business idea and mindset, a person can achieve his or her life aspirations by launching a business that corresponds to those dreams.

#3. Financial Independence

Another key consideration when beginning a personal business is financial benefits. It is no longer news that many Nigerian employers give their employees pitiful wages. Goods prices are high, while employees’ incomes are insufficient to cover their basic necessities. A solid business idea, once implemented, can improve the situation and provide financial freedom to the novice.

Based on the foregoing, it is clear that having a business idea and making it stand out is critical for anyone willing to give it a shot. Although there are numerous barriers to beginning a personal business, start-up funding remains a significant one. Most of your concerns will be addressed in this post.

List Of 1000 Naira Business Ideas In Nigeria 2023

1000 business ideas are not restricted to online businesses; there are also offline business ideas in Nigeria that you may start with 1000 naira. As a result, we will discuss these business ideas in two categories, both online and offline:

#1. Freelance Writing

Freelance writing entails just creating articles for payment to be published on websites, blogs, newspapers, magazines, or anywhere else. For the past few months, I’ve been making money through freelance writing. It is simple to get started and takes little or no capital. You can earn any amount you want as long as you have the right tools and skills.

#2. Tutoring

Many children, teenagers, and even adults require academic assistance, and lots of parents are eager to provide their children with a private tutor to help them improve their school performance. Many students return home from school bewildered by what they have learned, and they require the assistance of a private instructor at this time.

Being a private tutor just necessitates you incurring transportation fees to the student’s residence, such as the capital city. It is also necessary to understand the subjects the kid is struggling with.

#3. Affiliate Marketing

Affiliate marketing is one of the most inexpensive methods to generate money online. It is all about assisting an entrepreneur or seller in selling their goods while earning a commission on each product sold.

For example, if you sign up as an affiliate client for Jumia or Konga, you will be compensated for every Jumia or Konga goods that you help sell, such as an Android phone. You can earn N500 or more for assisting in the sale of an N50,000 Android phone.

#4. Event Planning

Event planning is one of the business ideas in Nigeria that you may start with 1000 naira. Every day in Nigeria, weddings, conferences, seminars, and birthday celebrations are hosted in various states. With this simple fact established, you can proceed to use it to your advantage. As the name implies, event planning entails preparing and overseeing the success of an event. You can request portion payments in advance and set up whatever you like.

#5. Mobile Application Developer

If you invest wisely in Android app development, you will be well on your way to becoming wealthy. Many businesses, banks, hotels, websites, blogs, and other organizations now rely on Android applications.

You can assist them in developing these apps while earning a good living.

#6. Website Developer

You can earn money as an app developer by creating and managing websites for corporations, individuals, and organizations. It does not require more than N1000 if you have the necessary expertise and tools.

#7. A Translator

You can make a lot of money as a translator in a short period of time. You can earn money as a translator from one language to another if you are a polyglot. The amount you receive is determined by the company for which you work, but the salary is always competitive.

#8. VTU Business

Data and airtime sales are two enterprises that can be started with as little as N1,000. In Nigeria, 170 million people own smartphones. Many Nigerians want to recharge their phones and subscribe to data plans in order to stay in touch with pals.

The good news is that you don’t need any special skills to start this business; all you need is your smartphone and the same data subscription you use to interact with your pals.

#9. Liquid Soap Production

Many households, particularly those with children, are forced to use liquid soaps instead of detergents and bar soaps. This is why youngsters tend to use soaps in the manner in which they see them and liquid soap came to the rescue because it is less expensive and can last longer than other soaps.

Liquid soap production is not expensive; with your 1000, you may make liquid soap that costs between 2000 and 3000.

#10. Snacks Making

Many folks who work 8-hour shifts every day hardly have time to make their meals. They buy food to keep themselves busy. Snack manufacturing is one of the business ideas in Nigeria that you may start with 1000 naira and still earn from. If you know enough about snack creation, you are one step closer to earning money for yourself. If you don’t, there are a number of free YouTube tutorials you may watch to get started.

#11. Pure Water Business

I once discovered that people can die from a lack of water rather than a lack of food. Consider how many people drink water on a regular basis in Nigeria, where there is no reliable water supply system. Many people turn to consuming “pure water” sachet water.

Aside from the fact that you may start with a minimal amount, there is always a place for you to start your business and still make your own money, no matter how many people are currently in it. You don’t have to hawk it while strolling in the sun; people will always patronize you if they know you sell sachet water.

#12. Popcorn making

Another of the 1000 business ideas in Nigeria is popcorn production.

Have you ever wondered why individuals chose to box popcorn for sale? The popcorn business does not require a large investment and is profitable. You can start this business with N1,000 and see it grow into a multi-million dollar enterprise.

#13. Tester or Reviewer

It’s similar to affiliate marketing in that both feature written reviews. Unlike affiliate marketing, you are not required to assist them in selling things; instead, your role is to assist them in writing reviews and maybe gaining recognition. Some businesses pay consumers to create product reviews and promote their items. You can, for example, write a refrigerator review and post it on your website or social media account.

#14. Graphics Designing

Church programs require newsletters and banners, and as a photographer, your duty is to assist companies who send out newsletters and banners in designing newsletters and banners while you pay for them.

#15. Personal Chef

As a chef, your goal is to arrange and prepare your customers’ food while collecting payment. Some clients can offer accommodations, while others cannot.

#16. Mobile Application Developer

You can assist them in developing these apps while earning a good living.

#17. Web Developer

#18. A Translator

#19. Event Hosting

You must have been to weddings, birthday parties, or other social occasions. You must have witnessed this man or lady who gave the introductory address and so charmed the audience. Some refer to them as Emcees or MCs. You can pick a job as a performer or MC if you are an excellent public speaker, a comedian or an actress, or simply someone who knows how to speak well and entertain others. This is one of the business ideas in Nigeria that you may start with 1000 naira.

#20. Computer Training

This is normally part of the training; if you are strong with computers, you may teach people who need it and get paid for it.

#21. Laundry Business

Another profitable business in Nigeria that is often ignored is laundry. Many people are too busy with work to find time to wash their clothes; this is where a laundry manager comes in. One advantage of starting a business is that you can work from the comfort of your own home without the requirement for a shop or personal space.

What Business Can I Start with Low Capital in Nigeria?

Some enterprises that can be started with little money include:

Quail bird farming
Mobile food vending
Catering services (indoor/ outdoor)
Mobile phones sales and repairs
Rental services
Food processing
Frozen food sales
Poultry farming.

Which Business Can I Start with 2k in Nigeria?

Easy 2k Business Ideas in Nigeria include:

Snacks Distribution
Mobile Recycling
Radio Ad Selling
Twitter Luxury Marketer
Handkerchief Production
Bills Payment Vendor
Pillow Making
CV & Cover Letter Writing.

Can I Start POS Business with 100000?

For obvious reasons, POS (point of sales) is at the top of the list of business ideas in Nigeria and you may start with 100,000 naira. The company is one of those firms that has been around for a long time.

What Business Makes the Least Money?

Some well-known low-margin firms are:

Assisted Living and Retirement Homes
Travel and Accommodations
Recreation Services
Home Healthcare Services
Real Estate Services
Medical Supply and Equipment Manufacturing
Gas and Oil Extraction Services

What Business Can I Do with 5000 Naira?

The Internet, social media, and social networking sites are the greatest companies to start with N5,000 for a Nigerian student. Because of its simplicity, the Internet provides an open marketing environment that allows the promotion of a wide range of commodities and new ideas for young people.

Conclusion

With the current state of affairs in Nigeria, you don’t have to wait till you have millions of naira to your name before starting a business. There are countless small business ideas that can be launched with as little as N1,000.

In Nigeria, 1000 naira business ideas are not restricted to offline businesses; you may also establish online businesses with little or no cash. Best wishes on your new business endeavor!