Joadre

5 businesses to start with less than 100K in Nigeria. Plan for it!

Very Often we are not satisfied with our 9 to 5 jobs because we know that we have more potential and probably the job environment will not allow us Develop and grow this potential  also, the pay might not actually be sufficient to cover our expenses. Or you might be craving for new challenges. These might be some reasons why you will begin to ponder with the idea to become an entrepreneur  I get you! But now, what exactly can you start with very little funds? I have dedicated my entrepreneurship program  “Creators Lab” to help African entrepreneurs develop their ideas into a business venture. In this blog, I have listed and shortly explained 5 different businesses you can start in any African country with less than 100K Naira. 100K is equivalent to about 250 dollars, which is basically not a very high financial capital to start. Her eis the list that you might consider when looking for a business to start. 

  1. Soap making business.
  2. Supply service business.
  3. Affiliate marketing or direct sales business.
  4. Perfume production business. 
  5. Fashion production and retail.

Now let me expand on these ideas, but if you want to keep updated and get new ideas, then i suggest you download my Joadre creators lab app from google play store. I release multiple blogs every week about starting, building and growing your business in Africa. Also I am currently adding new features to my app that will allow you grow your business. Features will include match-making to get investors, founders and business retail partners. Good, so let’s dive into these businesses.

Soap making

I am not talking about some kind of no-fragrance soap, I am talking about luxury soap with a yummy appearance – just you cannot eat it:-). The equipments, work tools and materials for making a soap are not so expensive. The first thing you will need to do here is to educate yourself further about soap making, create a business plan and decide if you which niche you want to serve. In soap making, you can strictly decide to serve cooperate clients like hotels and restaurants or you develop a retail brand of soap you sell strictly to smaller retailers. You can decide to go into direct to customer selling which is very time intensive. I will expand on these selling strategies in future blogs posted in my app. 

Supply service business

Delivering major raw materials and ingredients for cooperate clients is becoming the new lucrative business now. As the big cities in African become more industrialised and populated, it will become more difficult to access real high quality materials which are concentrated in the rural areas. Now, you can create an effective logistic plan and launch a supply business. I actually have a full tutorial on this business and how to go about it coming up in my training videos in my app. 

Affiliate marketing or direct sales business.

 The concept of direct selling is not new to African sat all. Actually it is laid in our DNA. Remember those ladies selling clothe son campus? Or that your mums friend selling Ankara fabric to her friends, including your mother? But global brands like Tupperware and Avon have long mastered this business and are multi dollar companies. They offer customers the opportunity to build a network and sell the products. But wait, you are building someone else brand by joining their affiliate program. The advantage here is that you are showered with amazing tools and selling techniques. The cost to start is very little. But you are on out of their thousands of sales agents or consultants like they call it. On the other hand, if you intend  to use this direct selling techniques to retail a product you create, then you have total control and can actually build your own brand. In the coming weeks, I would create blog articles and learning tutorial videos on how to start off with this business. Which is by selling existing products. With some great communication skills you can select a good number of unique products to sell to your network.  If you intend to explore or learn more about this business, then be sure to download my app and also subscribe to my creators lab program using the form beneath. 

Perfume production business

This business requires basic chemistry knowledge though but  with a capital of less than 100K naira, you are good to go. If you do your homework, meaning educate yourself more about the art and chemistry of perfume making and you have the right product and packaging, you can target high class professionals like bankers, marketers and other service professional, because they just “need” to smell good, right?

Fashion production and retail business

Ok, this is a business where I have 100% experience as I launched my own fashion production and retail business in 2014. In this sector, you have so many option and mind you, Africa is a massive market. When I view fashion as a business, I am in no way referring to high-end fashion or what they call Haute Couture. No way. It is amazing how people who learn how to sew believe that they are fashion designers and want to create Haute Couture brands. Haute Couture fashion is art and a prestige luxury industry sector. That is not where the big money is. Look at brands like Zara, H&M, Mango, Asos and such. Although I do not recommend their some of their business ethics, it is clear that these retail houses are leading when it comes to fashion and you know why? Because they discovered and focused on the mass market. So you as an aspiring entrepreneur in Africa, where the mass market is massive like hell, I wonder why we do not have real big or multiple mass fashion retail brands. There is a way to start off your retails brand and grow it into a chain with very little cash. You might not believe me, but I have series of concept of how this can work. I have tried it myself in form of pop-ups and know it is possible in Africa. This is one business idea, i will spend 2019, developing strategies on how to start and I will create multiple videos showing you how to go about it step-by-step.

Well, the ideas is not exhausted. I want to safer more but at the same time, i do not want this blog to be too long. Anyway, if you have questions, remember you can follow me on instagram @joadreapp and DM directly. Also, I would be hosting workshops in Lagos and benin city this year in Nigeria, so I recommend you join my creators lab program to get updates about the planned events. I would be honoured to have you as a student in my app and  help you discover new business ideas you might love. Get my app to learn daily about new ideas and innovative business actions. Thank you so much for reading and if you feel that you know anyone in your network that needs to read this blog article, please kindly use the same buttons beneath to share it on your social network. 

Take care and cheers, 

Joana

Creators lab sign up. Its free, join to grow!

Join me create 1 million entrepreneurs in Africa. Subscribe to get information and update about how you can get involved or become a student. Programme Launch is intended for 1st quarter of 2019.

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