8 business ideas that you can start with 200,000 Naira

Do you have a “little guard” and are dying to be your own boss? Here are some ideas to help you achieve your dream. Many of us dream of starting our own business, but sometimes we lack inspiration or we lack money and we end up not doing it. If you lack business ideas, I have gathered some for you!

To help you remove those hurdles, I have grouped together some low-cost business ideas that have been pitched, ideas you can do full-time, and ideas part-time. Check if one inspires you and get to work!

1. Become A Driver on Bolt or Uber:

Driving on your own time sounds like a great way to make extra money, and of course, it can be- even if it is hard work. According to Nerd Wallet, “to have an annual income of $ 50,000, an average Uber driver in the United States needs to make an average of 60.21 weekly trips, and those who work for Lyft need to collect about 83.76 trips a week, while those who They are in Sidecar they need 70.03 ”.

In Nigeria, Uber and Bolt are the most popular ride-hailing companies, so we would have to guide ourselves with the Uber numbers and Bolt numbers, but here we detail some of the costs that you should consider for this type of work:
The point is, it’s certainly a great way to make money, but your success and your earnings will largely depend on where you are and your ability to stay active.

According to Bolt, If you’re one of the top drivers in Lagos, you could make NGN 350,000 at the end of the month. If you’re in Abuja, you’d make NGN 280,000!

2. Become a Virtual Assistant

To become a successful virtual assistant, all you need to know is how to get things done. In the United States, there is Horkey Handbook , a site dedicated to educating and connecting virtual assistants, and they list the “best” categories for Virtual assistants: customer service, web design, agenda management and travel, keyword search, video, and photo editing and much more.

3. Start a Nursery School

The number of children born in Nigeria is ever increasing. Therefore, many parents are always searching for schools to enroll their children in every year. Some parents prefer schools in the neighborhood they live in, while others prefer schools that have prestigious names and reputations. School business is very lucrative in Nigeria.

And it’s like that all over the world. The rules on how to get registered differ, depending on what country you are based in. But if you have the hands and pockets, you can definitely set up a nursery school and make money, because, children will keep coming.

4. Invest In Real Estate

Although costs can vary depending on where you live, with a minimal investment you can start making a profit in the world of real estate. You may not start at the level of the agents you see on TV adverts, but they didn’t start that way either! CBC, for example (here in Lagos), has been selling private hostels to investors who will make fantastic returns after a period of time.

200,000 won’t get you an apartment at CBC. But you can start from down the ladder because the value for land will always increase!

5. Become a Shopper

Do you love to go shopping? This may be the perfect business for you. The clientele for this type of service is usually between wealthy people who do not have time, or companies that hire personal shoppers to buy gifts for their clients, prospects, partners, investors, employees, and managers. If you want to get started, we recommend reading this useful manual: Learn and Understand What Affiliate marketing means

6. Baking, or Cooking. Make Food

Among the growing allergies and the desire to consume surprising products, cakes, cupcakes, and cookies are in great demand. If you love to cook and have a good honor, you can start a business from your kitchen. Or you can rent a commercial kitchen if you want a slightly larger business. But with minimal investment and a little advertising, you will generate good profits- if they taste reakky good.

7. Teach Music

Here’s something that will be music to your ears: your musical talent can earn you up to N200,000 naira a month. You can give private lessons, either at your client’s homes or at your own, depending on the instrument you are going to teach. Advertising can be done through social networks, flyers, and word of mouth. I also highly recommend that you visit local schools and make a deal with them.

8. Monetize Your Social Media Knowledge

Small business owners who are great at baking cakes may not be so good at taking pictures of them or writing beautiful and engaging content on their social media. Or they may not be able to analyze the algorithms of Facebook and Instagram. And that’s where you come in. If you practically live online, there are things that come naturally to you that others don’t do as well, and those people need your help.
To promote yourself as a social media guru, you need to show that you can deliver results. Build yourself an amazing digital presence and help out some friends for free. Build a reputation by word of mouth and in no time you’ll have a lot of customers knocking on your door for you to help them grow their business on social media. Besides using what’s left you know, there are many free courses you can take online to learn new tricks and trends.

Also Read: Online Business Ideas For You