10 Businesses You Can Start With 50K In Nigeria

When people talk about businesses you can start with 50K in Nigeria, I smile—because I know it’s possible. Back in 2015, I started writing and sharing business knowledge from my bedroom. I didn’t have a big budget or a team–just a laptop, an internet connection, and the desire to help people turn ideas into income.

That content platform became ReDahlia, and later grew into what is now Entrepreneurs.ng—a thriving ecosystem of business resources, media, and support for millions of African entrepreneurs and across the globe. And yes, it all started with less than ₦50,000.

So when people ask, “What business can I start with ₦50K or less in Nigeria?”, I don’t respond with theory. I answer from experience. We’ve not only walked the path, but through our Entrepreneurs’ Success Blueprint Program, we’ve seen many others walk it, too.

We’ve helped bakers, tailors, designers, tech freelancers, and cooks launch from scratch and grow into sustainable ventures. This guide was written for that same reason—to show that it is still possible. With creativity, consistency, and the right support, small beginnings can lead to remarkable outcomes.

In this article, I’ll be sharing 10 businesses you can start with 50K in Nigeria, even if you’re starting from zero:

1. Noodle Stand Business
2. Perfume Oil Sales
3. Thrift (Okrika) Fashion Resale
4. WhatsApp TV Content Monetisation
5. Homemade Snacks Production
6. Digital Skill Microservices
7. VTU (Virtual Top-Up) Services
8. Wig or Bead Making
9. Phone Accessories Reselling
10. Cook-On-Demand Food Services

For each business, I’ll walk you through what it takes to start, realistic costs based on today’s economy, how to find customers, and the potential profit margins.

Recommendation Before You Start Your Business

One thing I strongly recommend, aside from having startup capital, is that you register your business with the CAC. It gives your business legal recognition, builds credibility, and opens doors to funding opportunities—and yes, we can handle that for you through our Business Registration Services. Reach out on WhatsApp- 08188122223.

So take a deep breath, settle in, and read this with hope. You don’t need millions to start, you just need to start. And that journey might begin with this very page.

Key Takeaways

1. You can realistically start and grow a profitable business in Nigeria with ₦50,000 or less by focusing on simple, low-capital ideas like food vending, reselling, digital services, and handmade products.
2. The success of these businesses depends more on consistency, smart marketing, customer trust, and reinvesting profits than the capital you start with.
3. Starting lean is smart, but registering your business with the CAC early adds credibility, helps you access funding, and positions you for long-term growth.
4. At Entrepreneurs.ng, we offer all the tools you need—from business registration, training and business plans to marketing support and consulting—to help you start, structure, and scale your business confidently.

Businesses You Can Start With 50K in Nigeria

Let’s look at the businesses you can start with 50K in detail

1. Noodle Stand Business

The noodle stand business is one of the simplest and most profitable small businesses you can start with 50K in Nigeria. It thrives in busy locations and offers hot, quick meals to everyday Nigerians, especially students, workers, and commuters.

Despite rising food prices, noodles remain a cost-effective meal option for both vendors and customers. The flexibility of this business, paired with its low overhead and fast turnover, makes it perfect for aspiring entrepreneurs with little capital.

Steps to Start a Noodle Stand Business in Nigeria

1. Pick a High-Traffic Location

The success of your noodle stand depends largely on where you set up. Look for areas like:

• School gates or hostels
• Motor parks and bus stops
• Night markets
• Construction or industrial zones
• Around bars or nightclubs (late-night hunger zones)

Make sure your chosen spot is legal to operate from. Speak to community heads or landlords to rent space if needed.

2. Buy Your Basic Equipment

You don’t need a fancy setup to get started. You only need basic cooking and serving tools like:

• A gas burner and a small cylinder (or kerosene stove if gas is expensive in your area)
• Cooking pots, frying pans, spoons, knives, and bowls
• Plates (plastic or stainless), forks, and cups
• A plastic table and 4–5 chairs
• Cooler or basket for storing fresh items like vegetables and eggs

Make sure everything is clean and easy to transport in case you need to pack up quickly.

3. Stock Up on Ingredients

This is where you must be strategic. Start with simple but high-demand combos like:

• Noodles + egg
• Noodles + sausage
• Noodles + sardine

You can increase variety over time as you grow. Ingredients include:

• 2 cartons of noodles (brand of choice)
• Crate of eggs
• Onion, pepper, and seasoning cubes
• Cooking oil and salt
• Add-ons: sausages, sardines, vegetables (optional but appealing)

4. Create a Clean and Friendly Vibe

In food business, presentation and hygiene are non-negotiable. Wear an apron. Keep your station tidy. Smile. Say “thank you.” These small gestures bring customers back.

If possible, brand your stand with a name or banner. Print a simple flyer or handbill with your contact details—people may want home delivery or referrals.

5. Set Smart Prices and Track Profit

A standard noodle and egg combo sells for ₦1,300 to ₦1,500 in most Nigerian cities. If your cost per plate is between ₦900 and ₦1,100, you’re making a profit of ₦200 to ₦600 per sale.

Selling 25 plates daily gives you ₦32,500 to ₦37,500 in revenue, with a potential profit of ₦5,000 to ₦10,000—depending on your ingredient costs, pricing, and upselling options like sausage or drinks.

How to Grow The Noodle Business

Once your daily operations become steady and you begin to build a base of regular customers, it’s time to start thinking about growth. One of the first ways to expand is by offering delivery services.

You can either handle deliveries yourself within a short radius or partner with local dispatch riders for quick and reliable service. This will allow you to reach office workers or hostel residents who may not have the time to come to your stand but still crave a hot plate of noodles.

In addition, consider integrating your business with food delivery platforms such as Chowdeck or Bolt Food. These apps give you exposure to a wider audience and make it easier for people to find and order from you. It may take a little time to get listed and learn the process, but it’s worth the visibility and convenience it brings to your operations.

Another effective growth strategy is catering for events, particularly late-night hangouts, small birthday parties, or student hostel gatherings. Offering customised packages or combo deals (such as noodles with sausage and a cold drink) can increase your average sale value and introduce your brand to new customers. As your customer base grows, reinvest some of your profit into upgrading your setup or expanding to a second location.

See Also: Business To Start With 50k In Nigeria – Your Ultimate Guide

2. Perfume Oil Sales Business

If you are searching for low-risk businesses, you can start with 50K in Nigeria that yield high margins. Selling perfume oils is an ideal choice. With minimal capital, no need for a shop space, and the potential to sell both online and offline, this business has become increasingly popular among students, stay-at-home mums, and side hustlers.

Perfume oil sales appeal to Nigerians who want luxury scents without paying designer prices. These concentrated oils are long-lasting, affordable, and profitable when bought in bulk and sold in smaller retail portions. The market is wide, with men and women across all income levels constantly seeking affordable and lasting fragrances.

Steps to Start a Perfume Oil Business in Nigeria

1. Understand the Product and Market

Before jumping in, take a little time to understand how the perfume oil market works. Learn about fragrance families (e.g., floral, oud, fruity, spicy), how long oils last on the skin, and what your potential customers prefer.

There’s a growing appetite for both Western scents (e.g., Dior Sauvage, Tom Ford) and Arabian oils (e.g., Oud, Musk, Bakhoor). Some sellers even mix custom blends.

Also, identify your target audience. Are you selling to students? Corporate workers? Brides and grooms? Your packaging, pricing, and marketing will depend on your audience.

2. Source Your Perfume Oils

Your success begins with your supplier. Buy concentrated perfume oils in bulk from verified wholesalers in Lagos (such as Ojota, Balogun, or Trade Fair), Abuja, or Kano. Some resellers also get their stock from Dubai or Egypt, but to start small, local sourcing is best. Always ask for samples before placing a big order.

You can begin with just 2–3 bestselling scents—popular choices include Baccarat Rouge 540, Creed Aventus, Oud Wood, and Chanel No. 5.

3. Buy Bottles and Packaging Materials

Once you have your oil, you’ll need bottles to resell them in small quantities. The most common sizes are 1ml, 3ml, 5ml, and 10ml roll-on bottles. Buy bottles in packs of 50–100 for wholesale prices. Also, consider buying small pouches or branded stickers if you want to add a professional touch.

For example, you can buy:

• 1ml bottles at ₦50 each (50 pieces = ₦2,500)
• 3ml bottles at ₦100 each
• Simple, transparent pouches for packaging

Don’t forget a plastic funnel and gloves to help you refill cleanly.

4. Brand and Market Your Business

Branding doesn’t have to be complicated. Choose a business name and create a simple logo using Canva or hire someone on Fiverr. Then, create a dedicated WhatsApp Business account and Instagram page. Use clear photos, short videos of packaging or deliveries, and customer reviews to build trust.

Start promoting to your close circle—friends, church members, colleagues. Offer testers or discount bundles to first-time buyers. If you have a bit of a budget, run Instagram or WhatsApp TV ads for greater reach.

You can also market physically at salons, campuses, markets, or offices. With your oils neatly displayed in a pouch or case, you can start selling instantly.

5. Set Prices and Manage Profits

Let’s say you buy 100ml of a perfume oil at ₦15,000. You can sell it in 1ml bottles for ₦800–₦1,000 each. That’s ₦80,000 – ₦100,000 in sales from a single ₦15,000 investment.

Even after deducting ₦2,500–₦5,000 for bottles and packaging, you’re left with over ₦60,000 profit. That’s a 300% return.

Be honest about your pricing and always measure accurately to maintain customer trust. Over time, you can offer VIP packages, monthly scent subscriptions, or customised blends.

You can start lean with ₦20K and grow gradually. As demand increases, reinvest profits to restock and introduce new scents or packaging options.

How to Grow the Perfume Oil Business

To expand your perfume oil business, focus first on developing a loyal customer base. This begins by offering excellent customer service, maintaining consistent scent quality, and following up after every sale.

Encourage satisfied customers to refer others by offering referral discounts or freebies. You can also upsell by offering combo packs, larger bottles at discounted rates, or customised gift boxes for birthdays, weddings, or corporate events.

With time, you can scale the business by opening a small kiosk, selling in bulk to resellers, or even launching your own private-label brand. Some perfume oil sellers go on to create branded signature scents or enter international markets. Regardless of your long-term goal, start small, be consistent, and let your product and service speak for you.

See Also: How to start a diesel supply business in Nigeria.

3. Thrift (Okrika) Business

The thrift business, popularly known as okrika in Nigeria is one of the most profitable businesses you can start with 50K in Nigeria. With the fashion needs of Nigerians constantly evolving, and the high cost of brand-new clothing, thrift wear has carved out a significant place in the fashion economy.

Thrift clothes are pre-owned or surplus items imported mainly from the UK, US, or Europe. They are often high-quality items that can be cleaned, rebranded, and sold at affordable prices, yet still offer substantial profit margins.

You don’t need a shop or warehouse to get started. All you need is a good eye, basic cleaning and packaging supplies, and a social media presence.

Steps to Start a Profitable Thrift Business in Nigeria

1. Research the Market and Choose a Niche

To succeed in the thrift business, it’s important to narrow your focus. There are many categories: women’s fashion, men’s wear, kids’ clothes, corporate wear, vintage, sportswear, or even thrift bags and shoes.

Ask yourself: Who am I selling to? Are they students? Working-class professionals? Young mums? Choosing a niche makes it easier to know what to buy and how to market it.

2. Source Your Thrift Clothes

Once you’ve defined your niche, the next step is to find your supply source. In Lagos, popular markets like Yaba, Katangua (Abule Egba), Oshodi, and Aswani are gold mines for thrift items. Outside Lagos, you can also explore second-hand markets in Kano, Onitsha, Aba, or Abuja.

To get the best items:

• Visit early in the morning when new bales are opened.
• Build relationships with trusted sellers for first-choice access.
• Buy in “select” (hand-picked quality) or “quarter bales” based on your budget.

For example, you can buy 20–30 premium tops at ₦500 each and resell for ₦1,000 to ₦5,000 depending on quality and branding.

3. Wash, Package, and Rebrand

Cleanliness and presentation can set you apart in the thrift market. Once you return from the market, wash the clothes thoroughly using quality detergents and fabric conditioners to eliminate any odours. Dry and iron them properly.

Packaging also matters. Use transparent nylons, tags, or branded paper bags if you’re selling offline. If selling online, invest in clear, wrinkle-free photos, preferably worn on a mannequin or modelled.

You don’t need a photo studio. A smartphone, natural lighting, and a clean background work well. A basic ring light (₦10,000 – ₦15,000) can be added later to improve content quality.

4. Set Up a Simple Online Storefront

To reach buyers, create a free Instagram business page or use Facebook Marketplace. WhatsApp Business is also essential, it lets you list items with descriptions, set automatic replies, and track orders.

Name your store something memorable and fashion-related. Post consistently and tell the story behind each item. For example:

“Premium Zara blazer, perfect for that interview or date night. Size 10. Just ₦3,000—less than a movie night!”

That kind of storytelling sells more than just clothing; it sells an experience.

5. Host Regular “Thrift Drops” to Drive Sales

Create buzz by announcing new stock in advance. Use your WhatsApp status, stories, or countdown timers to build anticipation. Host “thrift drops” weekly or bi-weekly where you upload 10–20 new items at once. Offer early access to loyal customers and use urgency (e.g. “Only 1 piece available!”) to drive quick decisions.

As your page grows, you can introduce styling tips, giveaways, or styling services for weddings and photoshoots.

You can start small with as little as ₦20,000 and scale as you make a profit. Reinventing each sale back into fresh stock is the key to consistent growth.

How to Grow a Thriving Thrift Brand

Growth in the thrift business is driven by consistency, customer experience, and content. Always communicate professionally; respond to DMs quickly, follow up on orders, and package products neatly.

Encourage customer feedback and post photos of buyers wearing your items (with permission). This creates trust and social proof.

As your brand gains attention, you can collaborate with micro-influencers, offer styling consultations, or launch your own fashion label mixing thrift with new items. Eventually, you might move into wholesale, personal shopping, or even exporting curated Nigerian thrift styles to buyers abroad.

In essence, what begins as a small hustle can evolve into a recognised online fashion brand with the right vision, branding, and reinvestment.

See Also: How to make money on Facebook with your business.

4. WhatsApp TV Business

The WhatsApp TV business is one of the most dynamic and modern businesses you can start with 50K in Nigeria, often with no upfront capital at all. This business taps directly into Nigeria’s obsession with digital content, gossip, trends, and micro-entertainment.

If you have a smartphone, internet connection, and the ability to build an audience, you already have most of what you need to succeed in this space.

WhatsApp TV is essentially a content channel built around your WhatsApp status. By posting engaging content consistently, you attract viewers who check your status daily. Once you’ve grown a sizeable and loyal audience, you can begin monetising it by running paid adverts, promoting affiliate products, or even selling your own offerings.

Steps to Start a WhatsApp TV Business in Nigeria

1. Choose a Content Niche That Attracts Attention

The first step is to define what kind of content you’ll be known for. Popular niches include:

• Entertainment news and gossip
• Viral videos and memes
• Motivational quotes and business tips
• Job alerts and scholarship updates
• Relationship advice
• Political commentary
• Local market deals or fashion finds

Choose a niche that you personally enjoy and can keep up with. Consistency is key, and it’s easier to stay consistent with content you actually care about.

2. Optimise Your WhatsApp for Business

Set up a dedicated WhatsApp Business account (free on Google Play or App Store). It allows you to create a business profile with a name, description, and automated welcome message. You can also create product or service catalogues if you want to promote things directly.

Save your audience’s numbers in organised contact lists, and always label people by category (e.g. “Audience – Job Tips” or “Audience – Fashion Deals”) to keep things structured as you grow.

3. Start Growing Your Contact List

You need viewers before you can monetise your status. The easiest way to grow is to ask friends and family to save your number and check your status daily. Then, move on to promoting your TV on Telegram groups, Facebook forums, Twitter, and WhatsApp group chats.

You can also exchange contact saves with other WhatsApp TV owners or influencers in your niche. In other words, they post your number to their audience, and you do the same. These “cross-promotions” help both parties grow.

Additionally, offering freebies—like airtime giveaways or juicy content drops—can attract new viewers. Just ask them to save your number and send a quick message to confirm.

4. Post Consistent and Engaging Content

To build loyalty and increase viewer retention, your content must be regular and engaging. Aim to post updates at least 2–3 times a day during peak hours (early morning, afternoon break, and evening).

Use a mix of text updates, images, short videos, and screen recordings. Use apps like CapCut or InShot to edit if necessary. Your goal is to make people WANT to check your status every day.

Over time, experiment with polls, feedback stickers, and mini-surveys to learn what your audience enjoys most.

5. Start Monetising Your Audience

Once you’ve built a strong following (typically 500–1,000 daily views), you can begin charging for ad slots. Many small business owners, content creators, and brands are constantly looking for new audiences to reach.

You can offer:

• Sponsored posts: Businesses pay you to promote their product or services.
• Affiliate marketing: You promote a product and earn a commission for each sale through your referral; that what affiliate marketing is about.
• Your own products: Sell eBooks, digital templates, or even physical items like perfume oils or thrift clothes.

Initially, offer free ad slots to build trust and demonstrate value. Share feedback or proof of reach (like status view screenshots) to future advertisers.

You can scale with just your smartphone and ₦3,000 worth of data and basic ads. As your viewership grows, reinvest a small portion of your earnings into ads or content tools.

How to Grow and Sustain Your WhatsApp TV Brand

Growing your WhatsApp TV business goes beyond just posting viral content. You need to turn your platform into a personal brand that people trust. This means being consistent, interactive, and professional. Respond to DMs promptly, respect people’s privacy, and avoid spamming your audience.

As you grow, consider creating sub-TV channels for different niches or cities (e.g. “Lagos Deals TV” or “Naija Job Tips TV”). You can also partner with other creators for content swaps, or even run your own promotions like “Shout-out Sundays” or “Advert Bonanza Weeks.”

Eventually, you can monetise further by launching a paid broadcast list, selling promotional slots to brands, or even managing WhatsApp ads for small businesses who want your reach but don’t know how to handle content. The possibilities are endless once you have a loyal and active audience.

See Also: Business to Start With 700K in Nigeria- Your Ultimate Guide

5. Homemade Snacks Business

The homemade snacks business remains one of the most sustainable and affordable businesses you can start with 50K in Nigeria. Nigerians love snacks— chin chin, puff puff, plantain chips, buns, or akara; these treats are enjoyed at home, during work breaks, in traffic, and at events. This consistent demand makes snacks a profitable venture with low entry requirements and scalable income potential.

With access to basic cooking utensils, local ingredients, and a little creativity, you can launch this business from your own kitchen and start selling to neighbours, offices, supermarkets, and school canteens. If done right, your small snack hustle could evolve into a trusted local brand.

See also: Street food business ideas you can start now

Steps to Start a Homemade Snacks Business in Nigeria

1. Decide on Your Snack Type and Test Recipes

Before investing any money, decide what type of snack you want to start with. Focus on 1 or 2 items that are easy to make and widely accepted. Good options include:

• Chin chin
• Plantain chips
• Puff puff
• Buns
• Akara
• Coconut candy
• Cookies

Start with a snack you’re confident making, then test your recipe at home. Share samples with friends or family and request honest feedback. Adjust your flavour, texture, or sweetness level based on responses. A delicious, well-tested snack is your best marketing tool.

2. Purchase Basic Equipment and Ingredients

You don’t need an industrial kitchen to begin. Your home kitchen is enough for the first stage. Equipment you’ll need may include:

• Mixing bowl, measuring cups, and wooden spoons
• Frying pan or deep fryer
• Baking tray (if making cookies or roasted snacks)
• Gas or kerosene stove
• Strainer or oil sieve
• Clean storage containers

Ingredients will depend on the snack, but generally include:

• Flour
• Sugar
• Eggs (for chin chin and cakes)
• Plantain (for chips)
• Groundnut oil
• Salt, pepper, or spices (nutmeg, cinnamon, etc.)

Most ingredients can be sourced from your local market in small, affordable quantities. Begin with small batches and gradually scale as demand increases.

3. Brand and Package Your Products Professionally

One major key to standing out in the snack business is packaging. Customers are drawn to snacks that look clean, fresh, and professionally packaged. Use transparent nylons or resealable pouches, and label them with your brand name, contact information, production date, and expiration date.

You can print simple stickers from a local printer or design them yourself using Canva. Even with a small budget, attractive branding gives your product credibility and makes it easier to gain entry into offices or retail outlets.

Hygiene is crucial. Wear gloves or use clean tools when packaging. A clean appearance and well-sealed snack bag will help you gain customer trust from the start.

4. Create Sales Channels and Promote Your Snacks

Once your snacks are ready, it’s time to sell. Start with your inner circle—friends, neighbours, church members, colleagues. From there, explore the following distribution channels:

• School canteens or creches
• Office break rooms and lunch spots
• Roadside sellers
• Mini-marts and supermarket shelves
• Events (e.g. birthdays, naming ceremonies, bridal showers)

Promotion is key. Share photos of your products on WhatsApp status, Instagram, or Facebook. Join community WhatsApp groups or parenting forums where snack buying is common. You can also run simple promos like “Buy 5 packs, get 1 free” or offer free samples with your contact card attached.

Don’t forget to ask customers for feedback—what they like, what could be better, and what flavours they’d love to try next.

If you already have basic utensils and cooking gas, your cost could be as low as ₦15,000–₦20,000. Start lean, reinvest profit, and expand gradually.

How to Grow Your Homemade Snacks Business

As your customer base grows, look for ways to optimise your production and expand your reach. Consider developing a product line—for example, regular chin chin, coconut chin chin, and spicy chin chin. You can also explore seasonal offerings like Valentine’s gift packs or party snack combos.

To increase production, you may hire help for frying, packaging, or delivery as orders increase. You can also approach larger supermarkets or delivery platforms to stock your snacks or list them online.

Some entrepreneurs take it further by launching a food blog, TikTok channel, or WhatsApp TV to promote their snack journey and build a wider audience. With consistency and creativity, your small kitchen business can grow into a respected household brand.

See Also: 50 American Small-Town Business Ideas To Start in 2025 – A Comprehensive Guide

6. Digital Skill Microservices

If you have a smartphone, some internet access, and a willingness to learn, digital microservices offer one of the smartest businesses you can start with 50K in Nigeria. You don’t need to be a software developer or coding expert to enter the digital economy. With beginner-friendly tools like Canva, Grammarly, ChatGPT, and Microsoft Word, you can start offering valuable services today—and get paid for them.

Digital microservices are bite-sized freelance tasks delivered remotely to clients or businesses. These include services such as document typing, CV writing, PowerPoint design, transcription, logo creation, flyer design, voice-over scripts, product descriptions, and more.

Most of these tasks require little to no prior experience and can be mastered quickly through online tutorials.

Steps to Start a Digital Skill Microservices Business in Nigeria

1. Choose One Digital Skill to Focus On

It’s tempting to try everything, but the best way to start is by focusing on one digital skill you can quickly learn and deliver well. Some of the most beginner-friendly and in-demand microservices include:

• CV and cover letter writing
• Typing services for students or churches
• Logo or flyer design using Canva
• PowerPoint slide creation
• Transcription services (audio to text)
• Basic content writing for blogs or social media
• Simple data entry using Excel or Google Sheets

If you’re unsure where to begin, pick the one that feels easiest and start learning through free tutorials on YouTube or short courses on Coursera, Udemy, or YouTube channels like “Skillshare Nigeria” or “Tech With Tim”.

2. Learn and Practise the Skill

Dedicate one to two weeks to learn and practice your chosen skill. For example, if you choose Canva design, learn how to design flyers, Instagram posts, logos, and basic business cards. Practise by recreating sample work you see online.

For CV writing, download templates, study job descriptions, and practise reformatting or improving real-life CVs. You can offer to improve a friend’s CV for free just to gain experience and testimonials.

Many digital tools like Canva, Grammarly, and ChatGPT offer free versions to help you deliver professional work without spending money upfront.

3. Create a Simple Portfolio

Before you start approaching clients, build a basic portfolio that showcases what you can do. You can use:

• Google Drive or Dropbox to store samples
• A dedicated WhatsApp Business account with a catalogue
• A free Canva link with your work displayed
• A personal Instagram or Twitter page where you post design samples or tips

Your portfolio doesn’t have to be elaborate, it just needs to clearly show your ability. Most clients don’t care about degrees; they want results.

4. Start Marketing Your Services

Start by offering your services to people in your network—friends, family, church groups, and WhatsApp contacts. Offer discounted rates at first, or even do a few jobs for free in exchange for testimonials and referrals.

Next, move to broader platforms:

• Join freelance job groups on Telegram and Facebook
• Sign up on Fiverr or Upwork (you’ll need time to build your profile, but it pays off)
• Offer your services on Twitter by sharing before-and-after samples of your work
• Partner with printing shops, business centres, or job coaches who can refer clients your way

The key is visibility and reliability. The more you show up consistently, the more people trust you to deliver.

5. Deliver Quality Work and Build Your Reputation

Every job, no matter how small is an opportunity to impress a client and earn a future referral. Deliver your work on time, communicate clearly, and always leave a professional impression. Ask happy clients to send you a review or refer someone to you.

Over time, this reputation becomes your most powerful marketing tool.

You can start even leaner if you already have a smartphone or laptop and use free tools. As your business grows, reinvest in premium tools, better internet, and possibly paid ads to expand your reach.

How to Grow Your Digital Service Business Over Time

As you build confidence and gather more testimonials, consider expanding your offerings or specialising in a niche. For example, you could become the go-to CV writer for nurses and health workers or specialise in real estate flyer design.

Create packages (e.g. “CV + Cover Letter + LinkedIn Profile for ₦30,000”) or monthly retainers for content creation. You can also collaborate with coaches, small businesses, or NGOs that need regular digital help.

Eventually, you might build a team and offer agency-style services, hire interns, or teach your skills to others as an additional income stream.

See also: How to start a profitable laundry business in Nigeria.

7. VTU (Virtual Top-Up) Business

As Nigeria continues to move towards a fully digital economy, the VTU business—short for Virtual Top-Up has become one of the most relevant and sustainable businesses you can start with 50K in Nigeria.

It allows you to earn a steady income by reselling essential digital services such as airtime, data bundles, electricity tokens, cable TV subscriptions, and exam pins (e.g., WAEC or JAMB).

The best part? You don’t need an office, inventory, or even a printer. All transactions happen online through VTU platforms using your smartphone. With a small customer base and a little consistency, this business can generate passive income daily.

Steps to Start a VTU Business in Nigeria

1. Choose a Reliable VTU Platform

The first and most important step is to register with a trusted VTU service provider. These platforms allow you to fund your account, resell services to others, and earn commissions per transaction.

Some of the most popular platforms in Nigeria include:

• JumiaPay
• VTU.ng
• Clubkonnect
• Recharge2Cash
• Eyowo
• Aimtoget

Make sure the platform you choose has a smooth user interface, timely transactions, customer support, and good commission rates. Most platforms are free to register, but some may require a token fee (e.g. ₦1,000) for premium reseller access.

2. Fund Your VTU Wallet

Once you’ve registered, the next step is to fund your wallet. This money is what you’ll use to purchase services on behalf of your customers. You can start small, between ₦5,000 to ₦10,000 is enough to get going.

You’ll buy airtime or data at a discounted rate and sell it at standard market price. For example:

• Buy ₦1,000 airtime for ₦980
• Sell to your customer for ₦1,000
• Your profit: ₦20

It may seem modest, but if you handle 20–30 transactions daily, your earnings compound quickly.

3. Promote Your Services Within Your Network

You don’t need a shop or website to find customers. Your existing contacts on WhatsApp, Telegram, Facebook, and even in your physical community are enough to start with.

Design a simple flyer using Canva and post it on your WhatsApp status or in group chats. You can say something like:

“Need Airtime, Data, or NEPA Token? Fast delivery, same price. Save my number & chat me now.”

Offer a small bonus or free data top-up for referrals to encourage word-of-mouth promotion. You can also print a few complimentary cards and share them at your church, school, workplace, or among neighbours.

4. Maintain Reliable and Quick Service

The biggest selling point in this business is speed and trust. If someone sends you ₦2,000 for a GOTV renewal, they expect it done in minutes. Always confirm payments quickly and execute transactions without delay.

Use automation where possible—most VTU platforms now allow you to complete transactions with just a few taps. Keep your wallet funded to avoid delays, and be transparent about commissions or charges (if any).

You’ll build a loyal client base when people see that you’re dependable and available.

The great thing is that most of this cost goes directly into funding your wallet—your trading capital. You don’t need inventory, rent, or equipment. As profits come in, reinvest to grow your wallet and serve more customers.

How to Grow a Profitable VTU Business

To scale your VTU business, you must treat it like a real digital enterprise. Keep proper records of your transactions, profits, and customer requests. Over time, offer loyalty packages or discounts for bulk purchases. You can also train others to start their own VTU platforms under you and earn referral bonuses.

Another growth strategy is to integrate your VTU business with other digital services. For example, if you offer CV writing, mini importation, or content creation, you can cross-sell these services to your VTU clients. You can also create a WhatsApp TV and promote your VTU services to a broader audience.

Eventually, you could develop a branded mobile app or become a local “bill payment expert” in your area. The more trusted and available you are, the more transactions you’ll handle—and the more money you’ll make.

See Also: Hidden Business Opportunities in Nigeria- A Guide For Entrepreneurs

8. Wig or Bead Making Business

Wig and bead making remain among the most lucrative creative businesses you can start with 50K in Nigeria. These skills offer a unique blend of artistry and entrepreneurship, especially for young women and stay-at-home mums looking to generate income with minimal capital.

With fashion and beauty deeply ingrained in Nigerian culture, there’s always a demand for affordable, custom-made wigs and beaded accessories.

It could be a sleek human hair wig, a bridal hairpiece, or a traditional beaded necklace, customers are drawn to handmade products that reflect quality, personal style, and local craftsmanship. With basic training, the right tools, and a touch of creativity, you can build a thriving business from your bedroom or home studio.

Steps to Start a Wig or Bead Making Business in Nigeria

1. Choose Your Area of Specialisation

While some people do both, it’s wise to begin with one niche—either wig making or bead work, depending on your interest and skill level.

• Wig Making: Involves constructing full wigs, closure wigs, frontal wigs, ponytails, or braided wigs using synthetic or human hair.
• Bead Making: This involves creating earrings, necklaces, bracelets, bridal bead sets, or waist beads using thread and decorative beads.

Start with one product type, master it, and expand your range over time. This allows you to build expertise and consistency in quality.

2. Get Proper Training (Online or Physical)

Training is essential if you’re just starting. Fortunately, there are many affordable options.

• YouTube Tutorials: Channels like “Hair by Jenny” or “Oge Beads” offer free beginner-friendly content.
• Instagram or TikTok Live Sessions: Many Nigerian stylists and artisans offer short, hands-on sessions online.
• Physical Apprenticeship: You can pay between ₦10,000 and ₦20,000 to learn from a local wig stylist or bead maker within two to four weeks.

Ensure your training covers knotting, measuring, styling, and finishing techniques, as well as material selection and pricing strategies.

3. Buy the Essential Tools and Materials

You don’t need industrial tools to begin. The most basic items you’ll require include:

For Wig Making:

• Canvas mannequin head or dummy (₦4,000 – ₦10,000)
• Hair needle and thread
• Wig cap (₦500 – ₦1500 per piece)
• Closure or frontal (₦5,000 – ₦15,000 depending on type)
• Hair bundle (start with synthetic or blended options to reduce cost)
• Scissors, combs, clips, and styling brush

For Bead Making:

• Assorted beads (₦2,000 – ₦5,000 for starter pack)
• Nylon thread, fishing line, or elastic string
• Clasps, hooks, and stoppers
• Beading needles
• Storage case or tray

You can source these materials from local beauty supply stores, Lagos Island markets, or online marketplaces like Jumia and Konga.

4. Start Practising and Build Sample Products

Once you’ve gathered your tools and completed basic training, practise by creating samples. These should be treated as portfolio pieces. Photograph your finished products under natural light using your phone. Clean presentation is key, use a wig stand, mannequin, or white background for photos.

If you’re making beads, arrange them neatly on a display board or fabric. Post your samples on WhatsApp status, Instagram, and Facebook. Don’t wait for perfection. Start small and improve as you go.

You can reduce costs further if you already own some of the equipment or get free training online. As orders come in, reinvest your profits into better materials and more inventory.

How to Grow a Successful Wig or Bead Making Business

To build a sustainable brand, visibility is everything. Share your work consistently on WhatsApp, Instagram, and Facebook. Use before-and-after visuals, client feedback, or tutorials to show value. Offer discounts to your first five customers in exchange for reviews or referrals. Tag clients in their orders so their friends can see your work.

Partnering with hairstylists or salons can bring in steady wig-making gigs. You can also collaborate with bridal vendors for beaded accessories. Attend small vendor fairs or fashion exhibitions in your area, even if only to network and showcase your work.

Eventually, you can offer private training, start a YouTube channel, or launch your own branded product line. Your skills are your capital; nurture them, refine them, and let them open doors.

9. Phone Accessories Reselling Business

A Phone accessories reselling business is one of the most consistent and high-demand businesses you can start with 50K in Nigeria. With over 120 million mobile phone users across the country and a growing number of smartphone upgrades yearly, the need for accessories such as chargers, earphones, USB cables, power banks, and protective gear is endless.

This business requires no formal training or special technical skills. With a good sense of trending products, the ability to negotiate prices, and the hustle to market your stock, you can build a solid stream of daily income. It’s fast-moving, scalable, and ideal for students, young professionals, stay-at-home parents, or anyone looking for a flexible hustle.

Steps to Start a Phone Accessories Business in Nigeria

1. Identify Fast-Moving Accessories

To succeed in this business, begin by selling products that are high in demand and easy to move. These include:

• USB cables (fast-charging preferred)
• Earphones and Bluetooth earpieces
• Phone cases and screen protectors
• Phone holders and tripods
• Mini ring lights (especially popular among content creators)
• Power banks (especially during power shortages)
• OTG connectors, memory cards, charging docks

Start with a small variety of 4–5 items that are affordable and always in use. Over time, you can add higher-end products like wireless chargers or smartwatches based on demand.

2. Source Quality Stock from Trusted Suppliers

The best places to buy wholesale phone accessories in Nigeria are physical markets such as Computer Village (Ikeja), Alaba International Market, or Trade Fair in Lagos. If you’re not based in Lagos, you can also order online from platforms like Jumia, Konga, or verified WhatsApp vendors who deal in bulk.

Here’s a rough pricing estimate from Lagos wholesale sources (as of 2025):

• USB cable: ₦300 – ₦500
• Power bank (10,000mAh): ₦4,000 – ₦6,000
• Phone holder: ₦700 – ₦1,200
• Earphones: ₦400 – ₦700
• Mini ring light: ₦1,500 – ₦2,500

Make sure to verify product quality before purchasing. Buy from reliable vendors and always test items if possible to avoid returns or bad reviews from customers.

3. Package, Price and Create a Sales Strategy

Once you have your stock, decide whether you’ll sell individually, in bundles, or through promotions. Packaging is less important in this business. What matters is functionality, price, and accessibility.

Create pricing that gives you a reasonable profit margin while still being competitive. You could also offer bundle deals like “USB + Phone Case + Earphones = ₦3,000” to move multiple items in one sale.

Ensure your items are neatly displayed and easy to showcase when marketing. A photo lightbox or simple background setup can make your products pop.

4. Sell Online, in Your Neighbourhood, or on the Move

Selling phone accessories doesn’t require a shop. In fact, you can operate entirely online. Platforms to consider include:

• WhatsApp Status or WhatsApp TV
• Instagram and Facebook Marketplace
• Jiji.ng and OList
• Twitter/X, Telegram groups, and TikTok reels

Alternatively, you can also sell within your physical environment—on campus, in offices, at salons or barbershops, and even to boutique owners or roadside traders who need supplies.

Always have a small product pouch or backpack with a few items on you—you never know when a sale might pop up.

You can scale down if needed and start with just ₦20,000–₦25,000 by focusing on smaller items like USB cables, earphones, and phone holders.

How to Grow a Profitable Accessories Business

To scale this business, focus on consistency, marketing, and customer retention. Post daily on your WhatsApp status or Instagram stories. Create engaging short-form videos (unboxing, demos, testimonials) using your phone camera and free editing apps like CapCut or InShot.

You can also partner with student influencers, local shops, or barbershops to help sell your items. Offering a ₦200 commission per item can be a great incentive for them to push your stock.

As your income grows, reinvest into higher-end accessories, buy larger quantities for lower wholesale prices, and eventually expand into dropshipping or mini-importation. With time, you can register a business name and even develop your own accessory brand.

10. Cook-On-Demand Services

Cook-on-demand services are quickly becoming one of the most personal and profitable businesses you can start with 50K in Nigeria. In today’s fast-paced lifestyle, more people are outsourcing meal preparation— for convenience, health reasons, special events, or simply to save time.

If you have strong cooking skills, a flair for presentation, and know how to manage time efficiently, this business can earn you a consistent income.

From soups, stews, and local delicacies to full meals and weekly meal prep, cook-on-demand is a flexible service-based venture. It requires low overhead, and once you satisfy your first few clients, referrals can multiply your bookings in no time.

Steps to Start a Cook-On-Demand Business in Nigeria

1. Decide What Type of Cooking Services You Will Offer

You need to be clear about what your business offers from the start. Popular cook-on-demand formats include:

• Batch Cooking – Prepare soups, stews, and sauces in bulk for busy professionals or families.
• Weekly Meal Prep – Plan, cook, and portion meals for clients to reheat during the week.
• Event-Based Cooking – Cook for birthdays, naming ceremonies, bridal showers, and small parties.
• Traditional Food Services – Focus on local dishes like egusi, ogbono, okra soup, jollof rice, moi moi, and native rice.

Start with what you’re best at. If you make unbeatable egusi soup or jollof rice, make it your signature dish. Build your brand around it and expand as your customer base grows.

2. Get Your Basic Tools and Cooking Utensils Ready

You don’t need industrial equipment to get started, your home kitchen will serve you just fine. What matters most is cleanliness, speed, and packaging.

You will need:

• Pots, pans, chopping board, knives, and cooking spoons
• Cooler(s) or food warmer for delivery
• Clean plastic containers for packaging meals
• Serving spoons and ladles
• Portable stove or gas cooker (if you cook on-site for clients)

If you’re offering home services, you may also need disposable aprons, gloves, and foil containers. As your services expand, consider getting branded packaging or stickers to build recognition.

3. Create a Basic Menu and Pricing Guide

Your menu doesn’t have to be extensive. Start with a few staple meals and assign prices based on ingredient cost, portion size, and time required. For example:

• 3 litres of egusi soup: ₦8,000
• Pot of jollof rice for 5 people: ₦6,500
• Weekly meal prep (5 dishes, 10 portions): ₦25,000
• Cook-and-go services: ₦5,000 service charge + cost of food items

Ensure your pricing covers both ingredients and your labour. Leave room for delivery or logistics costs where necessary.

Once your menu is ready, convert it to a digital flyer using Canva or post it on your WhatsApp Business catalogue. This helps potential customers quickly understand what you offer and how to place orders.

4. Market Your Business and Take Orders

Start with your immediate network—friends, colleagues, neighbours, and church members. Let them know what you do and share samples where possible.

Then move online:

• WhatsApp: Use status updates to post cooking videos, testimonials, or daily specials.
• Instagram: Share beautiful pictures and videos of your food. Consistency is key.
• Facebook and Twitter: Use your personal page or join local food groups and community platforms.
• Vendor Platforms: Register on food marketplaces like Chowdeck, Eden, or Glovo if available in your area.

Your food presentation, customer service, and response time will help convert viewers into paying customers. Always follow up after a completed order to encourage feedback and referrals.

If you already own cooking utensils and only focus on online meal prep, you could start with ₦15,000 – ₦20,000. As your orders increase, reinvest to upgrade packaging, increase ingredient quantity, and promote your services.

How to Grow Your Cook-On-Demand Business

The best way to grow in this business is through word of mouth and repeat customers. Always deliver meals on time, follow hygiene best practices, and ensure your food tastes consistently great. Encourage satisfied customers to post a review or share your number with others.

You can also introduce loyalty programmes such as a free dish after five orders or offer discounts for referrals. As your reputation builds, you can specialise in serving niche audiences, such as fitness clients (fit-fam meals), corporate clients (lunch packs), or mothers (baby-friendly foods).

Eventually, you may expand into catering, launch a meal subscription service, or create an Instagram food brand. What starts in your kitchen can grow into a full-time culinary venture.

See Also: 20 Profitable Businesses You Can Start With 100,000 Naira- Your Ultimate Guide

Conclusion

Nigeria may be challenging, but with creativity, persistence, and the right strategy, you can build something meaningful even with limited capital. The ten businesses we’ve explored are all practical, scalable, and realistic businesses you can start with 50K in Nigeria. What they require most is your consistency, smart marketing, customer focus, and a willingness to learn and adapt.

You may choose to cook from home, sell online, resell phone accessories, or build a digital service portfolio, there’s a path here that matches your strengths. Don’t wait for perfect conditions. Start where you are, with what you have, and grow from there.

At Entrepreneurs.ng, we’re here to help you make your entrepreneurial journey smoother, smarter, and more successful. Here’s how we can support you:

• Register your business today with Entrepreneurs.ng’s Business Registration Services.
• Tell Your Brand Story on Entrepreneurs.ng, let’s showcase your brand to our global audience.
• Need help with your marketing strategy? Get a Comprehensive Marketing and Sales Plan here.
• Sign up for our Entrepreneurs Success Blueprint Programme to learn how to start and scale your business in just 30 days.
• Book our one-on-one consulting and speak to an expert about structuring and growing your business.
• Visit our shop for business plan templates and other valuable resources to guide you.
• Get our Employee-Employer Super Bundle NDA templates to legally protect your business and workforce.
• Join over 21,000 entrepreneurs by signing up for our newsletter and receiving valuable business insights.

With the right tools and guidance, there’s no limit to how far you can go.

Frequently Asked Questions (FAQs)

1. Can I really start a business in Nigeria with just ₦50,000 or less?

Yes, absolutely. While ₦50,000 may seem small, it is enough to start several micro and service-based businesses in Nigeria, especially those that do not require rent, heavy equipment, or large inventory. The key is to start lean, keep overhead costs low, and reinvest profits gradually.

2. Which business is the most profitable among these 10?

Profitability depends on your location, skill set, and how well you execute. However, businesses like Cook-On-Demand, Perfume Oil Sales, Thrift (Okrika) Resale, and Digital Skill Microservices tend to have high margins and flexible scalability. Focus on a business that matches your strengths and passion.

3. What’s the easiest business to start with ₦50,000 if I have no skills?

If you don’t have a specific skill yet, Reselling Phone Accessories, Perfume Oil Sales, or starting a VTU Business are great entry points. They require little to no technical expertise and can be learned quickly through practice and online tutorials.

4. Do I need to register my business before I start?

For credibility and growth (especially if you want to supply shops, sell online, or receive payments through a business account), it’s advisable to register your business. You can use our Business Registration Services to do this professionally.

5. How do I market my business without spending too much?

Marketing doesn’t have to be expensive. You can start by leveraging:

• WhatsApp status and broadcast lists
• Instagram and Facebook Marketplace
• Word of mouth through satisfied customers
• Free tools like Canva to create promotional materials

We also recommend getting the marketing and sales plan template from our Shop for strategies tailored for Nigerian entrepreneurs.

6. Can I combine two of these businesses at once?

Yes, if your time and resources allow. For instance, you can combine Perfume Oil Sales with Thrift Fashion, or Wig Making with Bead Work, since they often target the same audience. However, we suggest focusing on one business first, building a strong foundation, and then diversifying.

7. How do I know if the business will work in my area?

Before launching, do a simple market survey:

• Ask neighbours or community members if they would buy the product or service.
• Check if similar businesses exist and are thriving.
• Visit local markets or social media platforms to gauge demand.

Remember, success depends on location, target audience, and pricing.

8. I want to learn a skill first. Where can I get affordable training?

You can start with free or low-cost options:

• YouTube for tutorials on wig making, snacks, or digital design
• Instagram Live and Telegram groups offering mini-classes
• Or enrol in structured programmes like our Entrepreneurs Success Blueprint Program for step-by-step guidance.

9. What are the biggest mistakes people make when starting with a small capital?

Some common mistakes include:

• Spending too much on packaging or branding before testing the market
• Not tracking expenses or profits
• Failing to reinvest profits into the business
• Ignoring customer feedback or market trends

Start small, stay focused, and grow strategically.

10. Where can I get a business plan or structure for any of these ideas?

We offer easy-to-use Business Plan Templates designed for Nigerian entrepreneurs. Each template walks you through what you need to launch, market, and grow your business, even if you have zero prior experience. Get them from our shop.

11. How can I access delivery or logistics support for my business?

You can partner with local logistics companies such as:

• Gokada
• Kwik Delivery
• inDrive (formerly inDriver)
• ShapShap

For low-scale businesses, hiring local bike men or using Bolt and Uber package delivery features also work well.

12. Is it possible to start these businesses as a student or with a full-time job?

Absolutely. Many of these businesses—such as WhatsApp TV, Digital Services, or Perfume Sale can be run part-time and scaled slowly. You can work evenings, weekends or outsource parts of the business as you grow.

13. How do I price my products or services properly?

Consider the following:

• Cost of materials
• Labour (even if it’s just your time)
• Profit margin (typically 30%–100% depending on the product)
• Market rate and competitor pricing

14. What are some digital tools I can use to grow my business?

Some helpful tools include:

• Canva (designs)
• CapCut (video editing)
• Google Sheets (record keeping)
• WhatsApp Business (customer management)
• Instagram and Facebook Insights (analytics)
• Paystack or Flutterwave (payment collection)

15. Where can I get updates on new business ideas and opportunities?

You can subscribe to our newsletter to receive curated business ideas, funding alerts, expert advice, and startup resources directly in your inbox every week.