10 Small Business Ideas You Can Start with Under 40,000 Naira ($25)

10 Small Business Ideas You Can Start with Under 40,000 Naira

Are you looking to turn your entrepreneurial dreams into reality without breaking the bank? Look no further! We've compiled a list of 10 exciting small business ideas that you can start with less than 40,000 Naira. These ideas cater to various interests and skills, so you're sure to find something that suits you.

1. Making Custom Ankara Accessories

Ankara accessories are all the rage due to their cultural significance and vibrant designs. You can tap into this market by creating and selling custom Ankara accessories like:

• Headbands

• Earrings

• Bracelets

Start by purchasing Ankara fabric and letting your creativity flow. There's a huge market both locally and online for these unique pieces.

Estimated Earnings: 60,000 to 120,000 Naira per month

2. Organic Skincare Products

With the growing awareness of natural product benefits, organic skincare is in high demand. You can create and sell products like:

• Shea butter

• Black soap

• Coconut oil mixtures

Source your ingredients locally and package them attractively to stand out in the market.

Estimated Earnings: 80,000 to 150,000 Naira per month

3. Custom T-Shirts with Local Designs

Fashion-conscious youth in Nigeria are embracing local culture and unique designs. Tap into this trend by selling custom t-shirts featuring local designs and slogans. Use platforms like Canva to create eye-catching designs and find local printers to bring your ideas to life.

Estimated Earnings: 2,000 to 5,000 Naira per t-shirt sold

4. Mini Importation

Start a mini-importation business by bringing in small items like phone covers, fashion accessories, or beauty products from China. Use platforms like Alibaba and AliExpress to source products and sell them in Nigeria.

Estimated Earnings: 50,000 to 200,000 Naira per month

5. Event Planning and Decoration

Nigerians love to celebrate, creating a steady demand for event planners and decorators. Use your creativity to design beautiful and memorable events. Start small with birthdays and intimate gatherings, and watch your business grow through word of mouth.

Estimated Earnings: 70,000 to 150,000 Naira per event

6. Mobile Food Vendor

Bring delicious local dishes to busy urban areas by starting a mobile food vending business. Popular options include:

• Jollof rice

• Moi moi

• Puff-puff

Use social media to promote your business and attract more customers.

Estimated Earnings: 80,000 to 120,000 Naira per month

7. Bead Making and Jewelry Design

Create and sell beaded jewelry, a popular craft in Nigeria. Start with minimal investment and let your creativity shine through unique designs. Sell your creations at local markets or online platforms.

Estimated Earnings: 50,000 to 100,000 Naira per month

8. Online Tutoring

If you're knowledgeable in a subject, consider offering online tutoring services. Use platforms like Zoom or Google Meet to conduct your sessions and advertise your services on social media.

Estimated Earnings: 40,000 to 80,000 Naira per month

9. Natural Hair Consultant

With more women opting for their natural hair, becoming a natural hair consultant can be a lucrative business. Offer consultations to help women manage and grow their natural hair, charging a fee for your expertise.

Estimated Earnings: 60,000 to 100,000 Naira per month

10. Fitness Coaching

If you're passionate about fitness and have experience, start a fitness coaching business. Offer both in-person and online sessions to help others achieve their fitness goals. Use social media to attract clients and showcase your expertise.

Estimated Earnings: 50,000 to 150,000 Naira per month

Conclusion

These small business ideas prove that you don't need a large investment to start your entrepreneurial journey. Remember, planning is crucial for success. Use our FREE business planning tool to organize your ideas, set clear goals, and map out your path to success.

Whether you're making custom Ankara accessories or starting a mobile food vending business, a solid plan can make all the difference. So, which of these exciting small business ideas resonates with you? Share your thoughts in the comments below!

Remember, "When you are down to nothing, God is up to something." Your small business journey could be the start of something amazing!