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)

Selling digital products is one of the businesses you can start with 5000 Naira or less. In this type of business, you don't need more than 5000 Naira to kick start. All that is required is creative writing skills.

I have seen people making a lot of sales by selling their digital materials such as books (Pdf), audio and video materials.

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;

If you have a skill like Webdesign, Animation, Catering or any skill that you know people will love to learn, all you need to do is to create a training course in the form of a video, audio or an ebook. 

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.


People will start clicking the ads and most of them will surely buy from you. By the time you are making more sales, you can still roll over the money and put some percentage into ads until you make your first million.

Here is the step by step explanation on how to create your first digital product

  • 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.

When you look at the steps above and the explanation, you will discover that with just 5000 Naira, you can make up to a million naira



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.

Freelancing(Article Writing)

If you think you're a good writer, then you can make a lot of money from this. With companies like Upwork, Freelancer or Fiverr, you can present yourself as a professional content writer and make money from your skills.

With your 5000 Naira, you can pay someone to create a professional writer profile, when I say professional, I mean an irresistible profile that clients will love to work with.

By the time people start ordering for your services, you can make a lot of money from that.

Conclusion

if you have any questions, you can drop them in the comment section, we will reply as soon as we can.

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