In this article, I will present a list of profitable and easy businesses you can start with 30000 Naira. If executed properly, these ventures have the potential to generate a reasonable amount of income.
Based on my recent research, these businesses have proven to be profitable for individuals who have the mentioned capital and can expect a good income from them.
Nigeria is a strong economic country, although it has not been efficiently managed by our government. However, people are still becoming millionaires every day through their personal businesses. Many of today’s Nigerian millionaires began with a small amount of money and have now established themselves as prominent figures in the African business landscape.
By starting something now, you can become a successful businessperson in the future. Remember, every journey starts with a single step.
Personally, I find personal businesses more comfortable and profitable. I’m not exactly sure why, but I simply enjoy being involved in business and being self-employed. Some Nigerians may have reservations about starting their own businesses, but there are more individuals like me who prefer establishing something for ourselves rather than working for someone else until old age. So, if you are someone who shares my desire to have your own business, this article is tailored for you. Please read on attentively as I introduce various types of businesses you can start with ₦30,000. if you are in Zambia, check out What business can I start with k500 in Zambia?
The current state of the country has compelled many Nigerians to venture into their own businesses. People often wonder if it is possible to start a business in Nigeria with such a small amount of money. The answer is YES, you can. However, my question to you is: What can you do?
Indeed, it all depends on your skills and determination. Some individuals may finish reading this post and still struggle to identify a suitable business they can start. Therefore, your success in life largely depends on your abilities and resourcefulness.
See also: 10 Instant Loan without BVN in Nigeria
- 1 1. Akara
- 2 2. Popcorn
- 3 3. Kunu
- 4 4. Shawarma/Barbecue Business
- 5 5. Plantain Chips Business
- 6 6. Arts & Crafts
- 7 7. Fruit Business
- 8 8. Bottled & Sachet Water
- 9 9. Recharge card
- 10 10. Mini Poultry
- 11 11. Snail Farming
- 12 12. DIY Snacks Production
- 13 13. Selling Native Clothes
- 14 14. Home Service Barbing/Hairstylist
- 15 15. Blogging
- 16 FAQs
- 17 Conclusion
Are you in search of a small job that can provide you with some extra money in your account? If so, you might want to consider frying and selling Akara. Even individuals participating in the NYSC program can establish this business using their N33,000 allowance and hire someone to sell it for them while they attend their PPA.
The startup capital required for an akara business is affordable, which is why it is a popular choice for people with limited funds. With as little as N5,000 to N20,000, you can start a successful akara business in Nigeria. The specific amount depends on the equipment you have or plan to purchase, as well as the quantity of akara you intend to produce on a daily or weekly basis.
A lot of people enjoy eating corn and its byproduct, popcorn. That’s why starting a popcorn business can be a good idea. Office workers snack on it, students munch on it at school, and residents often choose it as a pastime snack. So, once you select a strategic location, you can be assured of having customers consistently.
The best part about starting a popcorn business is that it requires low investment. This means you can purchase all the necessary production equipment and ingredients for just N30,000. These include a small popcorn machine, polythene bags, corn kernels, butter, groundnut oil, sugar, salt, and flavourings. The small popcorn machine costs N12,000, an umbrella costs N2,000, and a bag of popcorn costs N7,000. You can sell popcorn from your home, but it’s important to print flyers or posters to inform people about your business. Alternatively, you can set up an umbrella in an open space to attract customers.
Running a kunu business demands careful attention to detail to achieve the desired taste during the processing stage. If you’re considering starting this venture in Nigeria, you can purchase the necessary items for production with an amount ranging from N10,000 to N30,000. This budget will cover equipment such as funnels and cups, a small grinding machine, an ice block cooler, and bowls. Additionally, you can acquire ingredients like millet or sorghum, potatoes, ginger, sugar, cloves (known as konofiri), and either groundnut or dates using a portion of that budget.
4. Shawarma/Barbecue Business
Here’s another business opportunity where you can start with a small amount of money and make a decent daily income. Shawarma, which is consumed on a daily basis, is favoured by many people who enjoy eating it alongside their drinks at beer parlours or purchasing it for their families. The ideal location for this business is in front of a beer parlour or club.
You can kickstart a shawarma or barbecue business with as little as 20k.
5. Plantain Chips Business
This is my favourite snack, especially when I’m travelling. People consume it daily, as it is a widely available and popular chip. You can establish this business as a company by packaging it in a professional manner and adding labels, similar to the ones you see in Lagos. By doing it correctly, you’ll attract retailers who will purchase from you regularly for resale. You can begin producing your own chips and sell them to the individuals selling along the roadside or in shops. With just 30k, you can start this business.
6. Arts & Crafts
If you have a creative side, you can utilize your skilled hands to create beautifully crafted beads, bangles, sculptures, and more. Starting an arts and crafts business may require an investment of approximately N25,000. In order to produce high-quality items, it is advisable to obtain materials from trusted dealers or reputable platforms.
7. Fruit Business
If you want to begin selling fruits on a small scale, you’ll need approximately N15,000, which can vary depending on the specific types of fruits you intend to focus on. Some examples of fruits that you can sell include oranges, pineapple, watermelon, pawpaw, apple, and banana.
8. Bottled & Sachet Water
A lot of individuals are not aware that they can initiate a business selling packaged cold water with a capital of N30,000. What’s important to note is that this opportunity is viable in any part of Nigeria. The essential items you’ll need to start are a large cooler or basin, an umbrella (if you prefer to stay in one place), and ice blocks to keep the drinks chilled.
9. Recharge card
In Nigeria, there are 222 million people who use mobile phones, making the sale of recharge cards a highly profitable business. With just N10,000, you can become a recharge card seller. All you need to do is locate a wholesaler and purchase a range of recharge cards in bulk, considering different networks and prices. You can then resell them to customers.
10. Mini Poultry
If you currently have N30,000, one of the most suitable businesses to start with that amount is bird farming.
During festivals and ceremonies, chicken is often preferred over other types of meat, creating a market opportunity for both small and large poultry businesses.
If you have a spare room in your house or available space in your backyard, you can take your N30,000 capital and purchase day-old to three-day-old broiler chicks. Additionally, you will need to acquire all the necessary materials such as feed pans, feeds, and drugs.
That’s all you need to start this business. Broilers typically take around 2 to 3 months to mature and become ready for sale. At that point, you can aim to sell your birds for a good profit. For example, if you purchase ten three-day-old broilers for N1,200 each, totalling N12,000, and allocate the remaining N18,000 for feeding and medication. If eight of them successfully reach the selling stage, you can sell them for N6,000 each, resulting in a total sales value of N48,000 and a profit of N18,000.
This represents an impressive profit margin for a business that spans 2 to 3 months and started with a capital of only N30,000.
11. Snail Farming
One of the most affordable and thriving businesses that can be initiated with a capital of just 30,000 Naira in Nigeria is snail farming.
Due to the increasing recognition of snails for their health benefits and export opportunities, there has been a significant rise in demand for snails at a favourable rate.
When executed correctly, a small snail farm started with 30K capital can yield a profit of 5 to 10 times the initial investment upon selling.
However, it’s important to note that this business requires a considerable amount of patience and dedication since snails take a year or more to mature and become ready for sale.
Therefore, if you have a long-term business mindset, you can search for snail farming tutorials online, find a suitable space in your backyard, purchase some snails, and start from there.
12. DIY Snacks Production
Snacks such as plantain chips, chin chin, puff puff, doughnuts, peanuts, and more are highly demanded in the country, particularly by office workers, students, and teachers.
With a capital of 30K, you can embark on this business by first learning how to make your favourite snacks through online tutorials. Then, you can proceed to purchase all the necessary materials and begin making snacks on your own.
Once your products are ready, you can start promoting them to your neighbours and friends. Additionally, you can find a space on the street to showcase your snacks and even approach large organizations like banks to generate quick sales.
Moreover, if you’re a student in Nigeria seeking a business to start with 30K, you can bring your snacks to sell at your school, whether it’s a secondary school or a college (university, polytechnic, etc.).
13. Selling Native Clothes
In this country, it is widely known that native dresses are made from Ankara, Lace, and “Cut & Sow” materials. This fact makes selling native clothing a viable business that can be started with 30K in Nigeria.
To initiate this business, simply find a place or market, such as Aba, where native clothes and materials are available at very affordable prices. Purchase a variety of these items and proceed to advertise them to your neighbours.
You can also promote your products online by showcasing them on social media pages, groups, and even running advertisements. If the materials are visually appealing, you should be able to sell all the items within a week or two.
With a business like this, you can expect a return on investment (ROI) ranging from 20% to 70%. Therefore, with a N30,000 investment, you can anticipate a profit of N6,000 to N21,000.
14. Home Service Barbing/Hairstylist
The recent trend of having numerous female barbers in Nigeria who offer home service barbing has led me to include becoming a barber or female hairstylist on my list of businesses to start with 30K in Nigeria.
The reason for this is that you can acquire a clipper and all the necessary materials required to start this business for just 30,000 Naira.
While this business may seem straightforward, it’s essential to learn and develop the skill of barbing or hairdressing. Afterwards, you can obtain your materials and commence your business by catering to the needs of friends and neighbours.
For students in Nigeria, this is an ideal business to start with 30K. During holidays, you can enrol in a barbing or hairdressing tutorial, and within a week or two, you should be capable of performing basic haircuts or hairstyles.
These fundamental styles will enable you to earn some money, starting with friends at school. From there, you can expand your business by offering home service barbing or hairdressing.
Are you among those looking for solutions to the question: What online business can I start with 30K as a student or graduate?
Blogging is undoubtedly the perfect answer because this business has the potential to generate six-figure earnings in Nigerian currency within 12 months, starting with a capital of only N30,000.
Starting a blog is a straightforward process. All you need to do is select a niche, conduct thorough research, purchase a domain name, acquire a hosting service to launch your site, and begin creating content.
Once your website is live and has a substantial amount of published content, you can start earning money from it by applying to ad networks such as Adsense and Ezoic Access Now. These networks allow you to display banner ads on your site and receive payment for them.
What business options are available to me as a student with 30K?
As a student, you can consider starting businesses like cake baking, snacks production and sales, blogging, and affiliate marketing with a budget of 30K.
What type of business can I begin with 30,000 naira?
With 30,000 Naira in Nigeria, you can venture into small-scale poultry farming, snail farming, sales of phone accessories, recharge card business, and more.
How can I utilize 30K?
You can use 30K to invest in various business opportunities such as blogging, selling recharge cards, offering phone accessories, engaging in cake baking, snack production, and more.
Having the funds to initiate a business is one aspect, while discovering suitable business ideas, particularly with limited capital, is another challenge.
I firmly believe that this post provides you with the ideal response to the question: What business can I start with 30K in Nigeria? Additionally, it outlines the options available to you with a budget of 30,000 naira. Now, it’s your turn to take the initiative and embark on one of your preferred choices.