Do you have dreams of being a business owner, and you are looking for one that requires little capital? Do you have ₦50,000 and you are wondering what business to start?
If you answered Yes to any of these questions, then this article is just right for you.
Starting most businesses would require a substantial amount of money, but some businesses do not require much capital.
Best business ideas to start with ₦50k
In case you are wondering, here are ten businesses you can start with just ₦50,000;
1. POS vendor
A good business idea to start with ₦50,000 is a Point of Sale (POS) business. It is no longer news that more Nigerians now prefer to use POS vendors for their financial transactions rather than going to queue up at the bank for hours. Hence, a POS vendor is always in high demand.
This business idea is also cheap to start as all you will need is a table, chair and the POS machine itself, all of which will cost less than ₦50,000.
2. Content creator
If you are looking for a business to start with ₦50k, then content creator is just the right fit for you. This is one business idea that has grown over the years to become a blossoming industry. As a content creator, you post different content on social media such as videos, pictures or any other content people will be interested in seeing to build a massive following. If you can get to this point, the money starts coming in.
On X, formerly known as Twitter, content creators can earn money by just posting content. You can also earn money by partnering with different brands, advertising different products to your large audience or via affiliate marketing.
Most people already own a smartphone, hence the only things you might need to become a content creator is data on your phone and maybe a ring light with a stand which costs less than ₦30,000 if you are going to be uploading video content.
