3 Businesses You Can Start With 5000 or Less
The major problem when it comes to establishing a business is startup capital. This has discouraged a lot of people with visions and aspirations of becoming an entrepreneur. When the idea is there but the startup capital is not available, it ends up becoming another dead idea or dream.
In this article, I want to show you 3 different businesses you can start with 5000 Naira or less in Nigeria. If you work on these business ideas, you can build an empire that will make you passive income in the long run.
Capital is not always the problem, it is the wisdom, zeal, commitment that makes a business successful. Someone can be given 10 million Naira, at the end of the day, he or she will have nothing to show for that money just because of lack of wisdom. As an entrepreneur, you don't really need millions before you can start a business of your own. Why not start something with the little you have. Dedicate your time and resources to that business and watch how it grows.
Without wasting much time let us go straight into the 5 different business ideas you can start with 5000 Naira or less.
1. Sell digital products (Books, Audios and Videos)
Before you start this business, you need to ensure that your content is rich and it is solving a problem.
Let me give you an example;
You can record with your phone, PC webcam or digital camera, then upload it to a place like youtube.com.
Make sure that the content is not available for the general audience, only on invitation. After doing that, then you can now go ahead and run a Facebook advert with your 5000 Naira.
- Have a creative skill (Something people will want to pay for).
- Create a video, audio or eBook of that skill.
- Upload it to video streaming websites like YouTube.
- Run paid ads on Facebook to get clients.
- Run more ads with money from your sales until you make your first million.
2. Sachet Water Business
Sachet water is one of the fastest moving businesses in places like Lagos where you see heavy traffic or holdups in the city.Sachet water has proven to be one of the cheapest products you can see on the street. With the hot temperature in Lagos people always buy sachet water.
The question is, how do you leverage this business with just 5000 Naira?
This is simple, just continue reading to find out how you can take advantage of this business opportunity and make passive income.
At the time of writing this post, sachet water is 150 naira for a bag, so let us do the math. If a bag is 150 Naira, this means that you can buy 33 bags of sachet water. So if you sell each sachet of the water for 10 Naira, you should be making 200 Naira per bag, so by the time you multiply your 50 naira profit from each bag, you'll be making N1,650.
One interesting thing about this business is the fact that you can actually sell the water in just one day. If you have a fridge, that will be a plus for you because people love it when the water is chilly, especially during hot weather.