Are you dreaming of breaking free from the 9-5 work routine and becoming your own boss? You are not alone. Many Nigerians are interested in exploring ways to make money online and create businesses with potential. However, where do you begin with limited capital?
Don’t worry! With just 50,000 Naira, you can launch a fulfilling and profitable business venture in Nigeria, whether it’s online or offline.
So if you have 50K and are wondering “What business can I start with 50K?” then continue reading! I will be revealing 11 legitimate businesses that you can start with just the 50K you have right now, including both online and offline ideas!
Online Business Ideas To Start With Just 50K
What are some of the online businesses you can start with just 50K?
1. Content Creation: Ghostwriting!
Remember that essay you aced in high school? Turns out, that skill can pay bills (and not just the boring kind!). Unleash your inner wordsmith and become a freelance writer. Craft captivating blog posts, write stories that sell, or create website copy that makes customers click “Buy Now” faster than ever.
You can write for people and they will pay you. You can even write books and almost anything you can imagine. Most people want to hire your talent to write a book, a blog post, or even their sales copies that will make their customers convert into buying customers. That is what is referred to as Ghostwriting.
Platforms like and Fiverr are your virtual treasure Troves, connecting you with clients across the globe. Imagine waking up on your terms, sipping coffee while writing about topics that spark your passion, and seeing your words make a real impact. Sounds pretty sweet, right?
2. Social Media Manager
In today’s digital age, businesses need someone to hold their hand and navigate the ever-changing world of social media. There you come in as the social media superhero!
You can help businesses build their online platforms with engaging content, eye-catching Instagram grids, and Facebook ad campaigns that make business boom for them!
Think of yourself as the cheerleader who gets everyone excited about the brand. You’ll be crafting witty tweets, scheduling posts like a pro, and analyzing data like a digital detective. The best part? It’s a skill that’s always in demand – businesses are constantly looking for social media gurus to amplify their online voices.
3. E-commerce Storefront: Your Virtual Shopping Mall
Remember those trendy earrings you whipped up, or the mouthwatering pepper sauce your grandma’s recipe perfected? Well, guess what? You can turn your passions into profit with an online shop! Platforms like Selar, Shopify, and Jumia make it easier than ever to set up your own virtual storefront, showcasing your unique products to the world.
Think of it like your own personal online mall, except you don’t need to pay exorbitant rent or deal with grumpy landlords.
You can sell anything from handcrafted jewelry and trendy clothes to digital products like printables and e-books. Imagine waking up to orders rolling in from across Nigeria (or even the world!), all thanks to your online hustle!
Bonus Tip: Don’t just throw your products up online and hope for the best. Invest in high-quality photos, craft catchy descriptions, and learn the art of online marketing(Both paid and free). Remember, your online shop is your window to the world – make sure it shines!
4. Online Tutoring: Share Your Knowledge, Spark Young Minds
Do you have a knack for explaining things in a way that makes even the most complex topics seem like a walk in the park? Then online tutoring might be your calling! Platforms like Preply and Superprof connect you with students across the globe, eager to learn from your expertise in subjects like math, science, or even languages.
Think of yourself as a virtual knowledge warrior, armed with a whiteboard and your infectious enthusiasm. You’ll be helping young minds unlock their potential, all from the comfort of your own home. Imagine the satisfaction of seeing a student’s “aha!” moment, knowing you played a part in their educational journey. Plus, the flexibility and potential income are pretty darn sweet too!
Bonus Tip: Don’t just rely on your textbook knowledge. Make your tutoring sessions interactive, use engaging visuals, and tailor your approach to each student’s learning style. Remember, you’re not just teaching facts; you’re igniting a passion for learning!
5. Affiliate Marketing:
Although some affiliate marketing programs here in Nigeria are paid ones. Only a few are free to join. But don’t worry in the following sections I will highlight both the free and paid ones to decide which one you can join.
So what is affiliate marketing and why is it a great choice when you ask yourself the question What business can I start with 50k?
Affiliate marketing in a layman’s understanding involves the process by which you recommend someone else’s product to someone who already is interested in the product. When they buy the product, you earn a commission.
The result is a win-win. Why? Because you just solve someone’s problem by bringing them a solution that they are searching for. They are happy they found a solution and you are happy you providing the solution, and make money while doing that!
How do you get started with affiliate marketing?
To get started you can register on sites like Stakecut and Expertnaire (Which is a paid site).
After registering then how do you make sure you pick the right product to promote? and how do you promote the product.
The good thing about affiliate marketing is that you can set everything on autopilot and make money even when you sleep.
6. Cryptocurrency Investment
You remember that time when crypto was a new thing and only a few people had faith in it. They were investing in it, until 2017 when Bitcoin price was $20,000, and we saw the rise of young millionaires here in Nigeria.
In fact I personally young guys today who are millionaires today just investing in Cryptocurrency.
But hold on! I am not saying you should blindly invest your money in Crypto without knowing the fundamentals or not knowing what you are doing.
You need to learn the basics of Cryptocurrency before you can venture into this kind of business.
Offline Businesses:
We have talked about some of the online businesses you can start with 50K, so now let us dive into the businesses you can run offline that don’t require to be online.
7. Recharge Card Business
With as little as N10,000, you can start a recharge card business.
Recharge cards are one of the things in Nigeria that of high demand. This kind of business is easy to start and you don’t have to be looking for customers.
You just have to inform people that you sell recharge cards, and notice as orders start to pour in!
8. Start POS Business
We need no one to tell us how lucrative it is to do this can of business. POS business is very lucrative here in Nigeria, especially in the remote areas with little or no ATM Machines or any banking services.
To begin this kind of business, you just need to apply for a POS to any of your official banks. Or apply for these mobile banking service providers like Opay, and mobile money POS.
After obtaining your POS, the next thing is to set up your stand in an area where there are few or no ATM machines or a very remote area where you know people travel some distance just to access their money.
9. Phone Accessaries Business
When you ask yourself the question “What business can I start with 50?” Then phone accessory is your best bet.
Nigerians use phones and we all cherish our phones so dearly.
You buy pouches to protect your phone from getting scratched, and you also buy screen protectors to prevent direct breakage of your screen.
Our phones are our second life as we often joked. And it is true because we can spend anything just to make sure our phones are protected and in good shape.
To start this business, observe your community, and the kind of phones people are using. Observe the accessories with popular demand and that people are spending any amount to obtain and stock up those things in a show glass by the street side with your stand and you are in business for life.
10. Event Planning
Ever dreamt of turning weddings into a nice experience for both the celebrants and the visitors? birthdays into bashes of pure joy, and corporate events into celebrations so epic they deserve their own hashtag? Then, my friend, event planning is your calling!
Think of yourself as a fairy godmother (or godfather, no discrimination here!), who provides people with a nice experience after having attended a wedding party or a birthday party.
Now, this business might seem like all glitz and glam, but there’s more to it than meets the eye. It involves meticulous planning, vendor wrangling, and budget juggling. You’ll be a master of timelines, a negotiator extraordinaire, and a problem-solver.
But oh, the rewards! Witnessing the joy on your clients’ faces as their dream event unfolds is pure magic. The grateful tears, the thunderous applause, the satisfied sighs as guests whisper, “This is the best party ever!” – that’s the fuel that keeps your event planning engine roaring.
Starting small is key. Build a portfolio by offering your services for friends and family events. Master the art of decoration, learn the catering lingo, and network like a pro with vendors and venues. Remember, every satisfied client is a potential walking billboard for your business.
Bonus Tip: Embrace technology! Use event management apps, online booking platforms, and social media to showcase your skills and reach a wider audience.
11. Laundry Service:
Offer laundry services to busy working-class people, who are so busy working and have no time to do their own laundry.
The beauty of this business? Minimal investment, maximum satisfaction. A good washing machine, some sturdy baskets, and your own two strong arms – that’s your arsenal. Start small, offering your services to neighbors, friends, and busy professionals.
With just 50K you can venture into this type of business.
We have just discovered 10 legit and lucrative businesses you can start with just 50K when you begin to ask yourself what business can I start with 50K?
I hope the blog post answered your quest and I hope you have found a business idea you can start with just the 50K in your hands?
Let me know in the comments section below, the business idea you decided to go for.
If you find this post helpful, please don’t forget to share.
Originally posted on: eCraftHub