Here is a list of the top 20 businesses you can start with 50k or less:

1. Fashion Boutique
2. Jewelry Store
3. Footwear Store
4. Secondhand Clothing Shop
5. Handmade Crafts Store
6. Mobile Accessories Shop
7. Vintage Clothing Store
8. Niche Beauty Products
9. Customized Merchandise Store
10. African Fashion Boutique
11. Home Decor Store
12. Pet Supplies Shop
13. Stationery and Office Supplies Store
14. Fitness and Activewear Store
15. Electronic Gadgets and Accessories Shop
16. Books and E-books Store
17. Organic and Health Food Products Store
18. Gardening and Plant Nursery products
19. Home Appliance Store
20. Specialty Tea or slim tea

To start a boutique with less than 50,000 naira all you need to do is to partner with a boutique owner or various boutique owners to resell their products.

Get their products and prices first, then add your price or cost before finalising on your selling price. This means, your selling price (SP) is the amount you are selling each product minus the boutique’s original cost.

Before you ask, we know it seems impossible, but hold on. 

The first step is to identify the boutique you want to partner with. The idea is that you can help them resell their products by adding an extra price on the original price. 

What makes this business idea unique is that you don’t need to have a physical store to create one. You can have a digital boutique where you sell clothes and accessories to customers online and get paid effortlessly. 

There are lots of platforms that make it easy for you to sell your products online. But Cusecho is an all-in-one business tool that makes it easy for you to manage your entire business operations without the need for another tool. So it makes the entire process easier. 

With Cusecho, you can create an online store, upload all your products, and even enjoy free marketing. Visit Cusecho to sign up and create your free online store. 

For extra help, 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. This helps to make you look more credible. 

With this, your fashion business has kicked off and you spend less than 50,000 Naira to set it up.

Following the same pattern for the boutique business, all you need to do is locate jewelry dealers who sell at a rate you can offer to your target market.

Why do you need to be concerned about their price offering?

There are various levels when it comes to jewelry business. Some are premium, mid-level or affordable. So you want to buy jewelry based on the target market you are advertising to. For example, working class people who can’t afford to go to jewelry stores on a weekend but have an Owambe on saturday or they are planning ahead for an event, date, or even a conference!

Your products can be mid-priced. 

Remember your budget for this business is just 50k! So, how do you utilize 50k for a jewelry business?

First, source for dealers who can work with you with good pricing. Then, get their catalogs and clear product pictures.

Second thing is, get proper branding. By branding, we mean a premium logo and brand color that tunes with the jewelry business.

To save your money on this, you can join the Cusecho community where we offer training and guidance for this here >> Join

Now that you have your logo and branding done for ₦0.00 via our community guidance, the next thing is setting up your online store.

You can set up your online store on Cusecho for free and customize it as you’d like. 

And just like that, your jewelry business is live. And you can make your 50k back in just one sale depending on the type of jewelry you opt for.

Footwear business is the easiest to start with 50k due to its versatility. You can operate in many lanes such as bespoke, leather, classic or even work with both footwear brands and boutiques.

Like other businesses, the same strategy applies to this one. Source for direct line suppliers who you can partner with to create stunning footwear designs. Then, fix a price that suits your business and partners. 

Afterward, set up an online store with Cusecho to showcase your designs to the world and get paid for it.

This business idea is highly underestimated. But if done well, it can bring in lots of money. 

The primary issue here is that lots of people don’t know how to digitalize this business. It doesn’t end at posting pictures on Instagram, there’s more. 

Unlike other businesses, you don’t need to partner with anyone. You can totally start and run the business by yourself. You just need to always be at the market to select the types of products you want to sell. 

Then take pictures of it and upload on your store. Have a delivery plan in place as many customers prefer their items to be delivered to them. 

Remember, they know it is thrift, they are likely not expecting anything special. But when you take your time to make it special, you will win their heart.

Do you make knitted clothes, bags, or do you make wigs and other crafts? Are you a painter or an artiste looking for a medium to sell more online? 

You can turn that into a full fledged business by creating an online store so you can truly sell to anyone anywhere. 

Since you make your products yourself, the only thing you need is marketing and promotions, and Cusecho helps you to do both. So get on board.

Mobile accessories business is not new. But this is more complex as every random mobile accessories or gadget dealer can’t be your go-to source for products.

So what do you do?

A quick case study is Lagos State. If you stay in Lagos then, this should directly guide you.

In Lagos the major gadget market is Ikeja Computer village as this location is the connecting point between all axis of Lagos and the major tech hub.

Visit computer village and liaise with direct accessories dealers for a reseller bargain. This is a lot better and safer. 

Once you are done agreeing terms of trading. Set up your online store and proceed to get branded nylons or whatever pack you would be using to deliver your mobile accessories.

HINT: Don’t use Nylon to deliver a new iphone 12 and above. 

Once these parameters are in place, then launch and scale on Cusecho.com!

If you need help on selling more or branding your business, then join our vendors community here >>> HERE

Conclusion

You may not need up to 50,000 naira to start any of these businesses at all. You only need transport fare to wherever you’d get direct suppliers for yourself, branded packaging props, and Cusecho. 

If you want to scale and grow fast, you can take the 5k or 10k package on Cusecho to add automated customer support and AI-powered feedback management to your business. 

We’re rooting for you.