Profitable Businesses To Start With 300k In Nigeria
This content may contain affiliate links. If you purchase through these links I may receive a commission at no extra cost to you. However, I only recommend useful and helpful products or services that I genuinely like and trust.
There are so many profitable businesses that you can start with 300k and make money fast in Nigeria.
Some will pay you in naira, while some will pay you in dollars.
So, if you have been looking for a profitable business to start with 300k in Nigeria, today is your lucky day.
You are about to discover 20 profitable businesses to start with 300k in Nigeria.
So, are you interested to know these powerful business ideas that you can start today and begin to laugh to the bank every single day of the week?
Sha just hold your 300k and be prepared to be blow away by the bumper information that you will discover on this page.
Without wasting time, let’s get into it right away!
In This Article
Profitable Businesses To Start With 300k In Nigeria
The Profitable businesses to start with 300k in Nigeria can be broken down into two broad categories as follows:
- Profitable Businesses That Will Pay You In Dollars
- Profitable Businesses That Will Pay You In Naira
We will now consider profitable businesses to start with 300k in Nigeria that will pay you in dollars.
After that, we will then go on to look at profitable businesses to start with 300k in Nigeria that will pay you in naira.
Profitable Businesses That Will Pay You In Dollars
With the exchange rate at 850 naira to one dollar, it is certainly very important and worth our time to consider profitable businesses that will pay you in dollars.
This is because given the sum of 300k and the same amount of available time, earning 1,000 dollars on our 300k in one month is far better than earning 200k or 300k on our 300k in one month.
1,000 dollars equals 850k and 850k is far higher than 300k!
Some of the profitable businesses that will pay you in dollars are as follows:
- Start Freelance Marketing
- Launch A Digital Publication
- Do Affiliate Marketing
- Start a Dropshipping Business
- Start a YouTube Channel
- Plug Into Google AdSense
- Start Forex Trading
- Sign Up for Amazon KDP
- Sell Graphics Designs Online
- Start Domain and Website Flipping
Profitable Businesses That Will Pay You In Dollars #1: Start Freelance Marketing
One of the profitable businesses that will pay you in dollars is freelance marketing.
Freelance marketing, as the name suggests, has to do with the selling of your products, skills and services for money.
Honestly speaking, freelance marketing is a perfect way to earn extra money on the internet. It also enables you to improve and sharpen your creative skills, and make valuable connections and networks worldwide.
The best part is that companies are in constant need of great freelance marketers on a daily basis.
One great skill you might consider selling to companies right away is helping them leverage on social media websites like Facebook, Instagram and Twitter for their marketing purposes.
The advantages of freelance marketing are numerous. Some of them are as follows:
1. You can make unlimited amount of money from freelance marketing.
2. You are your own boss, set your own working hours and remuneration.
3. You do not require to be knowledgeable about the skills or services you are selling. You can always engage other people to do the work for you and you profit from their labour. Just like that!
4. You do not need anyone’s permission to do anything.
5. You can combine freelance marketing with your regular job or have multiple jobs.
6. You can do it from any part of the globe.
7. You have more time to spend with family and friends.
8. You do not need an office space to do freelance marketing.
9. Running costs of the business is next to zero.
Some websites where you can post your products and services to get paid in dollars include Upwork, Truelancer, Craigslist, Inc., 99designs, Peopleperhour, Freelancer, Guru, Project4hire, College Recruiter, Freelance Writing Gigs, SEOClerks and Fiverr.
To learn more about how to get paid in dollars through the freelance marketing platform, click ===>>> HERE.
Profitable Businesses That Will Pay You In Dollars #2: Launch a Digital Publication
Digital publishing is another one of the profitable businesses that will pay you in dollars.
By the way, a digital publication is another name for electronic or online publishing.
Electronic or online publishing has to do with the process through which documents like newspapers, magazines, journals and Books are distributed via various online formats.
Other forms of content that a publisher can share through digital publishing include videos, podcasts, infographics, and digital animations.
Frankly speaking, digital publication is one of the most profitable businesses to start with 300k in Nigeria.
All you need to succeed with digital publishing is to start a keyword-focused content pages on a blog hosted on your own domain name.
There are so many ways that you can make money with digital publishing on your blog or vlog.
One of them is advertising. Another is by writing a book and selling it on your blog.
Similarly, you can also join affiliate marketing companies as well as network marketing companies and promote their products and services on your blog for an affiliate commission or bonus.
Some of these affiliate marketing companies and network marketing companies will pay you in dollars, namely Commission Junction, Commission Gorilla, ClickBank, as well as Dynace Global.
Starting a blog and vlog costs little to nothing. All you need to succeed is to create great content in a niche that is in demand with lots of people.
To show you just how profitable digital publishing is, a young man named Eniola Samuel Oluwadare Made Over ₦8,150,000 ($10,000) in Just 16 Days Living in Nigeria without spending a dime on advertisements!
Eniola Samuel Oluwadare has created a short 8mins video where he explains point by point how he did it.
If you would love to see how Eniola Samuel Oluwadare made made over ₦8,150,000 ($10,000) in just 16 days with affiliate marketing from his home in Nigeria without spending a dime on advertisements, then watch this short 8mins video right away.
Profitable Businesses That Will Pay You In Dollars #3: Do Affiliate Marketing
Another one of the profitable businesses that will pay you in dollars is affiliate marketing.
What is affiliate marketing and how does it work?
Affiliate marketing has to do with the promotion of other people’s products and services through any means possible. But, people need to buy the products and services through your affiliate link before you can get paid.
So, here is how affiliate marketing works in 3 simple steps.
Step One: Join an Affiliate Marketing Company
The first step to becoming an affiliate marketer is to join affiliate marketing companies.
You can either join the local affiliate marketing companies or join the international ones. If you would love to get paid in dollars, you should join the international ones.
Some of the international affiliate marketing companies that will pay you in dollars include ClickBank, Commission Junction, Commission Gorilla and Shopify.
Step Two: Begin Promoting
The second step in the affiliate marketing business is promotion. This is the most crucial stage of your affiliate marketing business because how you handle this stage will determine whether you make money or do not make any money from the business.
Step Three: Earn Money
The final and most interesting stage of the affiliate marketing business is the earning stage. Once you have made money for the affiliate marketing companies using your unique affiliate url or link, you will get paid your commissions.
If you would love to learn more about the affiliate marketing business and start making money immediately, click HERE.
Profitable Businesses That Will Pay You In Dollars #4: Start a Dropshipping Business
The fourth one of the profitable businesses that will pay you in dollars is dropshipping.
Dropshipping is a retail business model whereby a third party known as a dropshipper displays and lists products for sale on ecommerce websites.
When customers orders and makes payment for any of those products, the dropshipper go on to order the products on behalf of those customers from a wholesaler or retailer using the names and delivery addresses of those customers.
Thereafter, the wholesaler or retailer will subsequently have the products delivered directly to the customers without the dropshipper seeing them.
Dropshipping is a great retail business models for the following 2 reasons:
- The dropshipper does not handle the products and, as such, does need large warehousing space.
- The dropshipper is not saddled with logistics and delivering of the products to the customers.
Therefore, there is no need for retailers to lease warehouse space, juggle supply chains, and manage inventory.
All they need to do is simply to adopt the dropshipping model and partner with a reliable and trustworthy wholesaler or retailer who can deliver ordered products within stipulated time to the customers.
If you would love to learn more about the dropshopping business in Nigeria…
Then get the powerful course by Mbonu Paschal right away by clicking HERE.
Profitable Businesses That Will Pay You In Dollars #5: Start a YouTube Channel
Starting a YouTube Channel is another online business that will pay you in dollars.
All that is involved in starting a YouTube Channel is the ability to create video content as frequently as possible.
Though creating a YouTube channel is a very profitable business, but take note!
It will not make you a millionaire overnight.
As a matter of fact, having a YouTube channel is one of those businesses that require time and patience to see results.
The simple reasons is that you are starting with zero followers and zero views at the beginning.
Meanwhile, you need a large following in order for you to be able to start earning in dollars with YouTube.
For your information, those who are making a killing with their YouTube channel have a following of over one million followers and subscribers.
Also take note that you will need at least 3 to 5 years or even more – depending on how dedicated and committed you are – before you can have that kind of followership and subscribers.
So, if you cannot wait for a minimum of 3 years before you can start making money with YouTube, please stay away from this business.
The good thing about this business though is that it is not capital intensive. Additionally, it is not too stressful.
With 300k and your ability to create one to two videos per week in a popular niche consistently for 3 years is all you need to succeed with the business.
It is also recommended that you have your own self-hosted domain name (not abcdomainname.blogspot.com or abcdomainname.wordpress.com) where you can create content that is in tandem with your chosen niche.
That way, people will be able to take you seriously and you will benefit from those who search for information through the Google search engine as well as those who are looking for video content.
Profitable Businesses That Will Pay You In Dollars #6: Plug Into Google AdSense
A major advantage of starting an online Business is because it gives you an opportunity to earn in dollars from the Google AdSense program.
What exactly is Google AdSense?
Simply defined, Google AdSense is a program which allows website publishers to display advert text, images, video, or interactive media advertisements that are related to the site content and audience.
The AdSense program is a program introduced and operated by Google Inc which enables website publishers monetize or make money from their websites.
Exactly how do you make money through Google AdSense?
If you have a website with some reasonable amount of content pages or posts on the site, you can apply to Google to be included in the program.
When your application is approved, you can begin to display third party advertisements by Google on your website.
Those advertisements which are solely administered, sorted, and maintained by Google, are based on either a per-click or per-impression.
So, when visitors to your website click on those advertisements, you get paid per click or per impression.
Payment to your account is made in dollars and you can withdraw your earnings after hitting your payment threshold, which in most cases is $100 – unless you decide to set it to a higher amount.
According to the information posted on Wikipedia, “in Q1 2014, Google earned US$3.4 billion ($13.6 billion annualized), or 22% of total revenue, through Google AdSense”.
You could have earned some of those money if you owned a website and had been a participant in the Google AdSense program back in 2014.
That is another strong reason why you should have a website without delay.
If you would love to know how to start your own website for the purpose of being able to plug in wonderful programs like Google AdSense on your website, click HERE.
Profitable Businesses That Will Pay You In Dollars #7: Start Forex Trading
Forex trading is another one of the businesses that you can start with 300k in Nigeria and will pay you in dollars.
By the way, forex means foreign exchange. So, trading forex involves trading or buying and selling foreign currencies for the purpose of making a profit.
The beauty of this business, as with other online businesses, is that you can do it from anywhere in the world.
Another great thing about forex trading is that you do not need millions of naira to get started.
You only need as little as 300k or even less to get started
The best part is that you can start the business today and begin to earn in dollars right away.
WARNING!!! Do not rush off to start trading forex because you heard that it is a very profitable business.
While it is true that forex trading is a very profitable business and can make you a millionaire very quickly, you can easily lose all your money without proper guidance within SECONDS through forex.
That is why you need the step by step guidance and mentorship of an expert in the business for you to succeed quickly.
Profitable Businesses That Will Pay You In Dollars #8: Sign Up for Amazon KDP
Eighth on our list of the top, best, most profitable businesses that will pay you in dollars is Amazon KDP.
Amazon KDP is the term for Amazon Kindle Publishing.
It is a platform owned by Amazon for publishing soft cover books, hard cover books, ebooks, as well as audio version of books through Audible.
Amazon is owned by Jeff Bezos and the Kindle platform generates billions of dollars for the company every year.
Some of those dollars can find their way into your bank account if you start a KDP business without delay.
Amazon KDP is another strongly recommended businesses that you can use to earn dollars in Nigeria.
But, take note, however, that, like every other business, you cannot hope to succeed quickly with this business without proper guidance.
Would you love to be held by the hand as you start a wildly profitable Amazon KDP business?
Profitable Businesses That Will Pay You In Dollars #9: Sell Graphics Designs Online
Another powerful business that you can start with 300k in Nigeria is selling graphics designs on the internet.
This business is super easy to start and operate.
You do not need a college degree or any special knowledge to get started.
You do not need to order any special equipment to get started.
All the tools you need to be successful with the business are all available on the internet.
The best part is that it is a business that you can start with as little as 300k or even less.
And it will begin paying you in dollars as soon as this week.
To get started, simply sign up for membership of the premium print on demand platforms on the internet.
Once your membership is approved, the next thing to do is upload your graphics designs and sell them on the sites.
Those are the kind of designs that you usually see on t-shirts, phone cases, caps, banners, flyers, business cards, mugs, stickers, and so on.
Many of them are from print on demand platforms on the internet.
But, take note that your designs have to be catchy and attractive to appeal to people who wish to buy them.
Consequently, the more attractive and appealing your designs are, the more money you will make.
One of the basic tools that you can use for your designs is Canva and it is free to use unless you want to pay for the premium version.
The premium version of Canva gives you access to advanced features, templates and beautiful images.
Premium membership will cost you less than 36,000 naira annually.
Armed with the premium version, you can come up with amazing and stunning designs, then upload them to POD sites and start making money.
Most of these sites don’t require any upfront fee, as the revenue generated will be split between you and them after making sales.
You also have access to the design areas of the top print-on-demand websites where you can design and sell your graphics online.
Some of these companies are Teespring, Redbubble, Zazzle, and others. On these sites, you can get paid in dollars, as they mainly get US buyers.
10. Start Flipping Domains and Websites
Domain and Website Flipping which has to do with trading in (that is, buying and selling) domains and websites is another one on our list of the most profitable businesses that you can start with 300k as a student, woman or lady, in Lagos, PH, Abuja or anywhere else in Nigeria.
Honestly, buying and selling websites and domains is a very profitable online business that pays daily in Nigeria if done the right way.
Aside from being simple to start and operate, you can do it from anywhere in the world.
Additionally, it does not require a huge capital outlay to get started.
300k is just enough to start and begin making money with it.
You can buy domains and websites with great potential for as low as $10 prices and sell them for several hundreds and even thousands of dollars within a few years.
Some of the sites where you can sell your domain names and websites include Flippa, Empireflipper, Sedo, and Godaddy Auction.
Honestly, you can make tens of thousands of dollars from this business every single month.
But, take note that it is not all domains that are profitable.
The domain names have to be premium Top Level Domain names. That means domains that are hot in demands like dot coms and dot nets as well as niche specific.
Example of such domain names are forextrading.com and ecomprofits.com.
If you search for domain names, you will discover that those domain names have long been taken and not available. That means some smart fellow has already acquired the ownership of them.
Would you love to start earning in dollars from the domains and websites flipping business?
If so, click HERE to get started without delay.
Profitable Businesses That Will Pay You In Naira
There are so many businesses that you can start with 300k in Nigeria that will pay you in naira.
While 300k is not enough to start many offline businesses, you can use 300k to start a lot of online businesses and get paid in naira.
Some of these businesses that you can start with 300k in Nigeria and will pay you in naira are as follows:
1. Start an Ecommerce / Mini Importation Website
2. Start a Brick and Mortar Business
Start an eCommerce / Mini Importation Website
One Wildly profitable business that you can start with 300k in Nigeria that will pay you in naira every single day of the year is eCommerce.
eCommerce is the short form of electronic commerce.
As it is with traditional commerce, eCommerce has to do with trading or buying and selling.
Where the difference lies is that traditional commerce involves having a physical store and displaying goods for sale to customers on one-on-one basis.
On the other hand, doing business on an eCommerce website is the direct opposite of that of an offline business.
Unlike an offline business, everything about the business of an eCommerce website – from display of goods for sale to order placement and onward to making payment – is done on the internet.
The advantages of creating an eCommerce website are numerous. It comprises all the benefits or advantages of having a website.
If you are not tech-savvy, you can hire an expert to create a great e-commerce website for you at around 200k.
With that amount of money, your tech support can include the integration of payment collection gateways like Paystack and Flutterwave in your eCommerce website or online store.
Once that is done, your eCommerce website is ready for the collection of payments on your behalf.
Or, you can even use Facebook / Instagram and WhatsApp if you just want to sell strictly using social media.
After haven received some consignments of your imported products such as wrist watches and phone accessories, you can then display them for sale in your eCommerce website.
Display of goods on eCommerce website ready? ✅
Payment collection system in place? ✅
Some consignments of goods received? ✅
So, what next?
The next thing to do is to partner with logistics companies in Nigeria to have the products delivered to your customers wherever they may be in the country.
Aside from wrist watches and phone accessories, other products that you can display on your online store include new and used fashion items, books, or any other products you believe people will desire to buy online.
Take note that there is no limit to what you can sell on your eCommerce website. You can sell virtually anything you already sell offline via your online store on the internet.
You may find it difficult to believe, but a mini importer imported a funny-looking tooth cleaning paste and made millions from it. As a matter of fact, he made over 7.2million naira from the sale of just that tooth cleaning paste within a period of 8 weeks.
Another mini importer, a student of mine, imported wrist watches with as low as 2,000 naira per piece and sold them for 15,000 naira to 20,000 naira per piece.
He ended up making millions from the importation and sales of wrist watches alone – without a store, spending any money on advertising or incurring any expenses on powering a generator.
And he did not even go into the importation of used phones and their accessories like batteries, chargers, cases, earpiece, headphones, power banks, selfie sticks and so on.
If he had gone into the importation of those additional items, he would have tripled the money he made from his mini importation business.
Some of the places where you can order products online from China include Aliexpress, Alibaba, 1688, and others. Thereafter, you will get your items shipped to your delivery address in Nigeria where you can then sell them at windfall profit.
If creating an eCommerce website appeals to you and you would love to have more information about the business, click HERE.
2. Start a Brick and Mortar Business
Another business that you can start with 300k in Nigeria and will pay you in naira are brick and mortar businesses.
Brick and mortar is a term that is used to describe businesses that are done offline.
Though the offline businesses that you can start with 300k are not many, there are still businesses which you can start with that amount of money.
Some of these businesses are as follows:
1. Open a Mini Barbing Salon
2. Open a Mini Beauty Salon
3. Open a Mama Put (Restaurant) Business
4. Start Trading in Used Clothes and Shoes
5. Become a POS Agent
6. Get a Table and Display Engine Oil for Sale
7. Open a Cosmetics Shop
8. Open a Jewelry Store
9. Open a Betting Business
10. Start the Production and sales of Ice Blocks
11. Open a Gaming Shop
12. Open a Raw Food Stuff Shop
13. Start the Production and Sales of Oven Dried Fish
14. Become a Recharge Card Distributor
15. Start the Sale of Honey Business
16. Begin Selling Hair Extensions
17. Open a Mother Care Store
18. Become a Dispatch Rider
19. Become a DJ
20. Open a Barbeque & Shawarma Joint
Summary and Conclusion
From the foregoing, it is crystal clear that there are so many businesses that you can start with 300k in Nigeria.
Some of these businesses will pay you in dollars while others will pay you in naira.
Many of the businesses that will pay you in dollars are internet-based.
With the exchange rate at 850 naira to one dollar in Nigeria, these internet-based businesses are certainly worth giving serious consideration.
Some of the top paying ones include forex trading, freelance marketing, affiliate marketing and selling graphic designs on the internet.
You have seen that the advantages of operating an internet-based business are just too numerous.
Therefore, ensure that whichever business you decide to go for has the capacity of being connected to an eCommerce website or an online store.
There you have it.
Those are the top most paying businesses that you can start with 300k in Nigeria and begin earning real money right away.
So, go ahead and choose one and get to work immediately.