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5 businesses you can start in Lagos with less than 200k capital (II)

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Last week, we brought some business ideas to you last week, these businesses can be started will less than N200,000 in Lagos.

These businesses include car wash business, POS business, production and sales of organic skincare, digital marketing business and perfume business.

Here are 5 additional businesses you can start with less than 200 thousand nairas, in Lagos:

1. Foodstuff business

The foodstuff business can be done with any amount of money, you don’t necessarily need up to N200,000, and the good thing is that this business can be done at any location, as long as there are human beings living in that place.

It is a daily income business in Nigeria and you will make money daily.

How to start a foodstuff business in Nigeria is easy, the things you need to start a foodstuff business are capital of any amount, where to buy raw foodstuff from suppliers or producers, a shop and an online store.

Going further, before starting this business you must know the type of raw foodstuff that you want to sell because there are so many foodstuffs. You need to connect to local farmers for supplies at a lower rate than you sell with a margin or market price depending on your location.

This business is significant because people must feed, irrespective of their positions or class in society.

2. Clothing business

The clothing production business is another lucrative business one can venture into. This business is at its peak right now because of aso-ebis and owambes happening in Lagos. Funny, right, but the truth is that there is always one function or another to attend in Lagos.

If you know how to make dresses professionally, this is a very big advantage, as you can get people to buy materials from you, and sew for them, thereby eliminating the stress of finding a good fashion designer. This prospect, although profitable, can also be very demanding.

However, you can in no particular order decide your niche market, get a creative space or sew in your home for the meantime, set your business plan, create your designs plus brand it; then after that, you can produce and test your products.

3. Soap making business

Soap production is another best business idea to start with N200,000 or less. Although, you need to acquire the skill to make washing soaps and bath soaps.

The soap-making business has different niches, so you can choose your niche whether you are to make organic or ordinary soaps rather than identify your ideal target customers.

If you want to succeed in the soap making business, you have to be ready to market and promote your products on social media.

4. Data and recharge card business

Are you still asking what business to start with N200,000 in Lagos or other states? Ask no more, just start data bundle, VTU business and printing recharge card in wholesale by using your smartphone or laptop.

The high rise in the consumption of data and recharge cards is astronomical because we need airtime or data; a reason banks are equally selling them in order to have a cut of the market share.

If you want to start a business with little capital in Nigeria then recharge card is one of those you can start with a high return on capital, especially if you are selling in volumes daily because the profit margin on each is small.

Thus, quantity is the key to making a good profit.

5. Shoemaking business

The shoemaking business is actually a very lucrative business. It is even more interesting to note that with less than N200,000 naira. You can start this business.

To start this business, you have to learn how to make shoes.

Conclusively, business requires passion, commitment and dedication to work should not be ignored too as they play a major role in ensuring efficiency, consistency and productivity. With these in mind, starting a business with less than N200,000 in Lagos is achievable, profitable and sustainable.

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