Businesses To Start With 50k In Nigeria
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Are you looking for the best businesses to start with 50k in Nigeria as a student in Lagos, Kano, Port harcourt, Ibadan or even Abuja? If so, we’ve got you covered!
In this tutorial, we will walk you through 5 top best businesses to start with 50k in Nigeria with the most returns on your investment plus 15 others that you can put in your bucket list . This will save you tons of time and money doing trial and error figuring out which one works and which one doesn’t.
So, if you have 50 thousand naira in your hand or bank account right now…
And you are looking for the best businesses to use to make money fast from home in Nigeria…
You have come to the right place.
Here’s What You Will Learn:
Now, let’s get into it right away!
Top 5 Best Businesses To Start With 50k In Nigeria
Here are the top 5 businesses that will give you the most returns on your investment within the next 90 days.
1. Become a Content Creator on YouTube, Facebook, TikTok and Instagram
One of the easiest businesses to start with 50k in Nigeria today is becoming a content creator on YouTube, Facebook, TikTok and Instagram.
You do not need any expensive equipment or a college degree to get started with the business.
All you need to succeed with content creation on YouTube, Facebook, TikTok and Instagram is a good camera phone, a camera stand and a nice location.
The best part is that it pays in dollars and I believe you already know the exchange rate of the naira to the dollar.
Thus, earning just 1,000 dollars consistently every month is enough to put you on easy street FOR LIFE.
Before now, people do not spend much time watching videos on YouTube, Facebook, TikTok and Instagram.
The fear generally was that their data subscription would burn out very fast.
But all that has changed. These alternative channels of entertainment has soared in popularity within the last couple of years.
All thanks to the frequent blackouts of electricity from the national grid in Nigeria.
To make matters worse, the price of fuel has recently risen by over 300%.
Coupled with the high data subscription rates from Television Network Providers like DSTV and others, this has made it virtually impractical to buy fuel for the purpose of using it to watch TV.
What is more?
The price of data subscription has also been reasonable too and far cheaper than those of Television Network Providers.
Now, if you go on YouTube, Facebook, TikTok and Instagram, you will discover that Nigerians view lots of videos on these platforms.
So, if you key into this awesome way to make money online right away, you can be sure to become financially reliant within a very short time.
Some of the content you can create include dance, music, comedy skits, tutorials in various fields, and so on.
The trick though is knowing what will appeal to majority of people very quickly.
On the other hand, if you are able to post at least 2 to 3 interesting videos every week, you can be sure to get a good followership and subscribers base within a few months’ time.
Video viewing on smartphone is the trend these days in Nigeria and it is fast replacing the traditional TV, CD and video players.
Therefore, content creation with YouTube, Facebook, TikTok and Instagram is one of the most lucrative businesses to start with 50k in Nigeria to make money fast from home.
Some smart Nigerians are already taking advantage of this medium to cash out fast and make money online right from their homes in Nigeria.
You too can do the same if you take action right away.
To get started with Content Creation on YouTube, Facebook, TikTok and Instagram, click HERE to learn more now.
2. Open an eCommerce Store on Selar
Opening an eCommerce store on Selar is another one of the easiest businesses to start with 50k in Nigeria.
The business is super easy to start and operate. As a matter of fact, you can start today even in your pyjamas.
In the first place, you do not need to have a domain name of your own.
All you need to get started is simply to apply for a store on the Selar platform.
Once it is approved, you can then go on to start customizing your store and displaying the items you wish to sell.
Additionally, you do not need any expensive equipment or gadget to get started with this business.
All you need to succeed with your eCommerce or online store on Selar is to display your digital products which a large group of people need at the same time.
Take note that Selar is mainly for digital content, while another ecommerce store like Jumia is for physical products.
The best part is that you can do this business from anywhere across the globe.
Similarly, anyone can order your products too from anywhere across the world.
So, if you key into this awesome way to make money online, you can be sure to become financially free within a very short time.
The only challenge you will encounter is knowing how to configure your Selar account to begin accepting payments online.
If you would love to start an eCommerce or online store and need more info on to go about it…
Click HERE to learn more about this awesome way to make money online in Nigeria without delay.
3. Find Virtual Assistant Jobs
Another high paying business you can start with 50k in Nigeria is virtual assistant jobs.
This is by far the easiest of all jobs that you can do on the internet.
All that a virtual assistant does is help clients with their day-to-day tasks, such as email management, basic administrative work, or social media management.
The best part of this business is that it gives you a chance to earn in dollars from home without travelling abroad.
Frankly, you can earn between 500 to 1,000 dollars as a virtual assistant working from your home in Nigeria.
Another great thing about this business is that you can easily combine it as a side hustle with your present 9 to 5 daytime job or offline business.
And you do not have to be scared of not finding clients to work with because virtual assistants have become high in demand since the first quarter of 2020.
Thanks to the coming of the coronavirus (COVID-19) pandemic and the attendant shutdown of all social and economic activities worldwide.
If you would love to become a virtual assistant as a great way to earn money online in Nigeria while working with clients from all over the world…
4. Social Media Management
A fourth business that you can start with 50k in Nigeria is social media management.
Honestly speaking, social media has gained in popularity within the last few years. These days, people socialize a lot on social media.
Smart business owners who wish to grow their businesses through every means possible are looking for their target audience wherever they may hang out across the world.
And one of those places which people hang out more frequently every day is social media – be it Tiktok, Youtube, Facebook, Instagram, and Twitter.
These companies are in need of individuals who can help them manage their digital presence and thereby attract customers.
So, what can you help them with as a social media manager?
One, you can help these companies manage their social media accounts as an admin – creating simple content and posting them on their page, commenting on posts, responding to inbox messages and engaging with the audience.
Two, you can become an influencer and work with these brands and businesses to promote their products and services on your social media platform.
However, you need to have a large following and subscribers base before any big brand can consider you as a good fit for the purpose of engaging you to work with them.
If you would love to sell your services as a social media manager and need more info on how to go about it…
5. Start an Online Training Center
Another business that you can start with 50k in Nigeria which many people do not know about is creating an online training center.
Everyone knows something of value which they can exchange for money.
Some of them include:
1. Teaching children specific subjects like English language, Mathematics and others online
2. Teaching people how to prepare various Nigerian food online. This is what Hilda Bacci is presently using to cash out in millions from her home in Nigeria right now.
3. Teaching people basic tips and techniques on how to repair their mobile phones.
4. Teaching people how to build mobile apps
5. Teaching people website building and web development skills
6. Teaching people some high income skills like copywriting, freelancing and others.
7. Teaching people about trading cryptocurrency without suffering a lot of losses.
The list is endless.
You can get your creative buds working and ask yourself what you already know that you can sell in exchange for money.
The best part is that you do not need any great skill to start teaching people what you know online.
You just need to think about the problems and challenges that people face on a daily basis and create a course to solve that challenge.
You do not even need to own a domain name and host it online.
All you need to do to get started is join Udemy and Coursera.
Thereafter, you can create your outline and course materials.
Once you are through, you simply go ahead and upload your content on their platform.
After that, you will begin making money once people start to order your courses.
One great benefit of using these well established platforms is that you will benefit from the instant exposure of your courses to wallet-in-hand, ready-to-buy customers who frequent their sites from day one of launching your course.
Additionally, you can also use their platform too to build your online presence for the purpose of marketing your other products and services to buyers on their platforms.
If you would love to learn more about starting an online training center and need more info about it,..
15 Other Businesses To Start With 50k In Nigeria
Below are additional 15 best businesses that you can start with 50k in Nigeria.
1. Start a Dropshopping Business
2. Start a Blog and Plug Into Google AdSense
3. Start a Copywriting Business
4. Become a Content Creator on YouTube, Facebook, TikTok and Instagram
5. Start an Audio / Video Transcription Business
6. Start Frying Akara (Bean flour) for Sale
7. Get a Table and Display Engine Oil for Sale
8. Open a Barbecue and Shawarma Joint
9. Start the Production and sales of Ice Blocks
10. Buy a Wheel Barrow and Start Selling Ogbono and Egusi
11. Start Dried Fish Business
12. Become a Recharge Card Seller
13. Start the Sale of Honey Business
14. Liquid Soap Making
15. Start Egg Distribution Business
So, there you have it.
Those are our top 15 businesses that you can start with 50k in Nigeria today.
As you may have rightly observed, virtually all of them are internet-based businesses.
That is because 50k is a very small amount to use to start a business in Nigeria.
Apart from becoming an artisan and cobbler, there are not many businesses out there that you can start with 50k in Nigeria.
But, that is just one of the many advantages of having an online Business.
Other advantages are as follows:
1. You can operate your business from anywhere in the world
2. All the tools and resources you need to succeed are available on the internet and they are not expensive to acquire.
3. You have unlimited access to diverse clients across the globe.
4. You are able to earn in foreign currency, like Euros, Dollars and Pounds, from your home in Nigeria without travelling abroad.
5. Your can combine your online business with your salary job or other online or even offline businesses.
In conclusion, it makes economic sense to start an online business TODAY.
So, pick one of the various online businesses discussed above which you can do with ease and get started without delay!