What business can I start with 150k in Nigeria

October 26 2023

8 MINS READ READ

Sales and Marketing Lead

Inegben Stanley

What business can I start with 150k in nigeria right now? A simple but yet complex question as many of us are caught up in the euphoria of the unstable economy in Nigeria.

However, the only way to mitigate the effects of the economy is to have multiple sources of income, most of which you don’t need heavy capital to start. And for this article, we are focusing on businesses you can start with 150,000 Naira.

However, we must forge on and keep cash flow on a steady drive via a multi-channel source of income so as to stand at a comfortable spending position regardless of the exchange rate. Right?

Consequently, the need for investing in low-capital driven businesses arises. And as we all would agree, the highest capital we are looking at committing to any idea right now is a maximum of 150,000 naira. Correct us if we are wrong in the comment section.

What if we told you that 150,000 naira is more than enough to launch a profitable business here in Nigeria! Would you believe us?

Oh! You had better believe because you are about to find the best ideas and best strategies which 150k can help launch, scale, and grow!

Meanwhile, just before you continue, if your budget is just 50,000 naira and you want to know “what business you can start with 50k” then we’d advise you to read our previous blog on “what business can I start with 50k?” here >>> READ NOW!

Okay! Let’s move on…

First things first. What is your current business building experience?

We are going to list 30 businesses you can start with just 150k or below 150k. But we need to know your prior experience with building a business.

Are you really ready to start a business?

A few questions to know if you are ready to really build a business:

Have ever read a book on building and scaling a business?
Have you taken a free online course to understand how to keep your books (necessary for accounting and growth measurement)?
Have you sold online before?
Do you know how to market your business?
What do you understand about branding?
How about external factors like tax, logistics, and packaging?

Hold on… We are not trying to scare you or deter your desire to own and run a profitable business, rather, we are only helping you set up a strong foot in your foundation so you don’t end up burning your business profits to mend what you could have structured before launching out due to lack of knowledge of these basic business concepts and elements.

Now, having established the fact that desire to start a business is not just enough but knowledge to start, run, sustain, and scale your business is of extreme importance, let’s begin to dissect our motives and then we move into the top 30 businesses you can start with just 150k in Nigeria during these trying times.

Motives for starting a business can be better described as the major determining factor of how long your business will eventually last and if it can stand the test of time.

How? Or What do we mean?

Simple… If you start a business without doing thorough research and identify a continuous problem which a product or service that serves as a solution is in demand and how the end consumers of that product or service wants it delivered or serviced (market research is important here), you are likely going to end up closing your business before 5 years (that’s if you were even lucky enough to last a year in business.)

Before starting your business or picking from any of our selected ideas of which you can launch a business with 150,000 naira from, kindly do a motive check.

Here are a few question to help you check your motive:

Is profit my only drive?
Did I actually identify a problem from the idea I selected here?
How long will the demand for my product in this selected market be for?
Do I have mapped our value innovation strategy for my target market?
What would be my core value proposition?

We believe those pointers should help you Identify what your real motive is.

Now, moving on to unveiling the top 30 businesses you can start with just less 150k or less in Nigeria.

What business can I start with 150k in Nigeria?

In Nigeria, there are lots of businesses you can start with 150,000 naira or less. However, we’d be listing the top 30 you can start now while we explain the first five.

If you need help with the remaining 25 join our business owners and vendor community here >>> JOIN NOW <<<

Okay! Let’s find out which business you can commit your 150k to today in Nigeria!

Best 30 business to start with 150k in Nigeria

Here’s a list of businesses you can start with 150k in Ngeria:

Fashion Boutique
Jewelry Store
Footwear Store
Secondhand Clothing Shop
Handmade Crafts Store
Mobile Accessories Shop
Vintage Clothing Store
Niche Beauty Products
Customized Merchandise Store
African Fashion Boutique
Home Decor Store
Pet Supplies Shop
Stationery and Office Supplies Store
Fitness and Activewear Store
Electronic Gadgets and Accessories Shop
Books and E-books Store
Organic and Health Food Products Store
Gardening and Plant Nursery products
Home Appliance Store
Specialty Tea or slim tea
Eco-friendly and Sustainable Products Store
Handbag and Accessories Boutique
Kids' Toys and Games Shop
Art Supplies Store
Car Accessories and Parts Shop
Vintage Vinyl Records Store
Craft Supplies and DIY Kits Store
Sports Equipment and Gear Shop
Bed and Bath Linens Store
Specialty Snacks and Treats Shop

The first 6 has been explained here >>> Cusecho Small business idea

Consequently, since we have already explained the first six posts here, we’d be continuing from number 7 and stopping at 11.

Start a Vintage Clothing Business with less than 150k

Vintage clothing is a high flex for the Gen-Z and it has been on the high market demand since 2019 and growing more in 2022 according to a report by Vogue.

Now, Nigerians like to style and be the life of the party! What do you do here?

Okay… You don’t need to own any vintage clothes or collections to sell vintage clothes. All you need is to research and map out top vintage sellers and suppliers in your state or market.

Liaise with them to resell their stock at a fixed agreed price.

What next?

Head on to get a proper brand identity as a premium vintage clothing brand. Then, let your branding and logo speak for themselves.

Next, is to visit Cusecho to create a FREE website for your online store. Then, proceed to upload all the pictures you have from your dealers and add your own prices.

NOTE: You have not spent a dime from your capital yet. To keep it that way and even get free branding, join our community here >>> JOIN

Now, you have a full online store with a proper brand and you’re ready to start taking orders. Right?

Hold on…

Take out 30k and go and print branded paper bags to deliver your orders!

Now, take another 20k and go to Facebook Ads manager to run Ads on these products to drive thousands of people to your store.

NOTE: To run ads, you need to have an instagram and facebook page for your business.

Finally, get set to start receiving unlimited orders!

The most juicy part of this is that, if your store does up to 50k, Cusecho will automatically start marketing your products for you via our Adzone.

Take advantage of this deal now.

Less than 70k and you have a full fleshed business with 80k capital in your reserve. Don’t we deserve a free share from you.

Oya, share this post to your social media and let people know about Cusecho!

Next…

Start A Niche Beauty Products Business with 150k

First thing you need to do here is to gather beauty and skin care knowledge by taking a course online to understand these products, how they work, and how they are made. This gives you an idea of what can cause harm to people, so you can avoid it and protect your brand image. so as to know what can cause harm to people which in turn would help you avoid that dead end.

Once you are done gathering knowledge, you can then proceed to search for beauty and wellness products manufacturers who sell wholesale and offer a reseller deal with them.

Now, get your business branded and positioned to stick in your target market’s mind.

Having done this, move on to Cusecho.com to set up a FREE online store where people can order your products.

Design and customize the store to your taste following the guide below…

Here’s a detailed guide to setting up your own website for free with Cusecho and to help you customize your Cusecho online store.

To access the vendors community, Click here to join >>> JOIN

Once you’re done setting up your online store with Cusecho, find out the prices of Nylons and gift cards to be used to package and ship customer goods.

Moving on to…

Start A Customized Merchandise Business with 150k or less

This business perhaps is the easiest and cheapest to start and also one of the most lucrative business ideas on our list.

Why?

You don’t need to own or make a product yourself. All you need to have is a network of bespoke merchandise manufacturers or better known as printers in Nigeria.

But you will position your business as a Branding and Custom Merch agency. With this positioning you can set yourself to get contracts from various organizations worth millions of naira!

Once you set up your store on Cusecho.com, get images of top merch or pay a designer to create mock merchs for you and upload them to your store with the price.

Set out 30k to run Ads across Facebook and Instagram. Drive traffic to your store and convert both individual orders and bulk printing gigs.

There you have it…Less than 70k and you have a full printing agency in Nigeria! With 80k capital reserve minimum!

Now… to the next!

Start An African Fashion Business with just 150,000 naira

Traditional African attires are still in high demand! Especially among the elites in our community. By default they want to preserve heritage and some stylist are just creatively inclined that they recreate our attires with a matching modern fashion pattern

Take for example, men who wear ankara suits!

How does this come in handy as a business idea?

Simple… Research the top designers or available bespoke designers in this niche and have an agreement with them.

Get your fashion brand fully branded as an Afro-centric fashion hub with a vast digital presence to serve national demand.

Then, move on to scouring delivery packs in which your attires will be delivered.

Don’t forget to go to Cusecho.com to set up a FREE website for your business! The best part is Cusecho offers you FREE 12 Months of marketing. So get on to Cusecho if you haven’t.

To ensure you’re not leaving any money on the table, set apart 40-50k for advert so as to drive traffic from your end to your online store where your target market can place orders for your design.

There you have it! Your full Afro-centric fashion business is ready and live…

Finally…

Start a Home Decor Business

This business is strictly targeted to the middle-income earners to the ultra rich. Because “Na person wey don chop go decorate house”. You get that. Right?

To effectively run this business with a 150k budget, it’s as easy as following the same process alighted above for the previous business ideas.

But this time, you are likely going to have to partner with home decor manufacturers or distributors with a good reputation who can always deliver upon the agreed terms.

Similar to the printing business you will run like an agency and also as a personalised brand.

What this means is that you will sell individual decoration units and also render full decoration service. But, it’s entirely up to you.

Once you’ve settled that, proceed to Cusecho.com to set up your product and services online via our FREE Website feature.

And there you have it, you’re good to go!

Now you know how your 150k can be put to use, alongside an automated scaling advantage which Cusecho presents to you. Is there anything that would be holding you back from getting started as soon as possible?

If you need more insights or a community of business owners in Nigeria, kindly use this link to join our ever-growing business community where we teach practicals and help businesses and their owners grow exponentially >>> JOIN HERE

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