Most people still confuse earning money by making money. If you work for a company or for someone, you earn money. That means there is a limit to the amount of money you can earn in a month or a year. But, if you own a business, you make money and there is no limit to the amount of money you can make. In addition, you are in total control of your time because you are your own boss.
The best way to be, and stay rich is by both earning and making money. Did you know that you don’t actually need a lot of money to start making money? Do you know that you can start your business with just 50,000 naira only? If you already have a business idea in mind, bring it to life. If you don’t have any business in mind, here is a list of businesses you can start with just 50,000 naira.
Fast food business
Food is among the most important things for humans. Everyone needs food to survive and that is why a food business will always thrive. You can open a small restaurant where people can come to eat. You can also deliver food to people or companies. And with the help of social media, you can advertise your services to a larger audience.
Dry cleaning business
This is another business that few people know about. You can start it from anywhere, even your home. All you need is to get a second-hand washing machine (15000), a generator and few hands that will help with the pressing.
If you are still in college, this may be the best business for you. You can tutor you junior ones or join any online tutoring platform like tuteria or prepclass. You can easily sign up from your home and connect with different students and parents. Apart from private tutoring, you can also set up online courses where people can come and learn a particular subject. All you have to do is upload on a website like Udemy and get paid whenever someone signs up to attend your course.
Soap production is another business you can start with 50000 naira and the business is highly lucrative. You can venture into the business, make sure your products are well branded and start distributing it to various supermarkets.
Social media management and promotions
This is meant for those who are constantly online. You may not have a large number of followers but you should have what it takes to connect with your audience. If you have social media management skills, you can advertise your services to large companies. You can also write proposals to small businesses to manage their social media accounts for a monthly fee.
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