This article covers the top lucrative yet Profitable “Benue business idea” you can start with 20,000-50,000 Naira and make a good amount of money from if done properly. According to information-hood research, these businesses are so profitable and worth given a try.
Nigeria is a well strong economical country, poorly managed by our government, yet people are becoming millionaires every day from their personal businesses. Benue State is not an exception in this case. Most of the millionaires (Big brand) like; “Tito Yoghurt, OG Winners” and the rest of them in Benue today started with the small amount of money and today they are the big names you all hear every second. You too can start something now, remember they said a journey of a thousand miles began with a step.
Hey? There is a rule of starting small………
……. keep improving, yeah you heard right
Scaling the above with the current financial situation in Benue, as worker salaries are now a prayer point for every believer in whatever faith, you will agree with me a million percent that personal business (entrepreneurship) is more comfortable and profitable as a means of survival at least while we hope for improvement as each day slide….
…. sadly, as it sounds ….
The current situation of the country has prompt many Nigerians to start their own business. Many people question is that what business can one start with this small amount? If this question rings any bell in your head, then; you are in the right place.
Yes, it all about what you can do, some people will finish reading this post and still can’t find any business they can start, rightly so, Its normal…
…so it all depends on what one can do to earn a living.
16 Profitable Benue Business Idea to Start with 20000, 30000, 40000, 50000 Naira
1. Sale of bottled drink or bottled water
selling of bottled drinks and water is a lucrative business, because it everyday consumption product (especially with Makurdi hash weather) if you are in a very busy area like Wurukun, BSU-Gate for example, you will be sure of making something reasonable. You can start this business with 20,000 and less, all you need is get a space on a busy road, buy a big cooler, an umbrella, ice block, a small signboard to write buy minerals and code water here. You can even include recharge card sales to it, the 20k is sure of covering both.
Let do small analogy for a second;
1 pact of bottle water …. N700 (12 bottles)
1 pack of Mineral …. N1500 (12 bottles)
What this means is;
1(one) bottle of water cost you N58 (on average)
1(one) of mineral cost you N125 (on average)
Therefore, if you are water & mineral @ N100 and N200 respectively you will be making…
Mineral…200x 12= N2,400
For water; 1200-600= 600
Total profit ….900 + 600 = 1500 (only on two packs)
What if you are able to sell 12 packs each in a day
….1500×12=18,000 (equivalent to minimum wage) in a day
Then; in a month you will be making
…. N216,000 cool right; how many paid job can give you this in a month?
2. Popcorn Production Business
People buy snacks every now and then, and popcorn is one of the most selling snacks, because people eat it in their home, along with the road, in their shops, vehicle and even in the cinemas. Staring popcorn business doesn’t require a shop to get started, in most cases, it only required an exposed environment. Popcorn business has no gender discrimination and if you get the right tools for popcorn, the business is totally stressed free, also you can be making a good amount of money daily if you are in a busy location.
The requirements to start popcorn business are popcorn machine, kernel (corn), butter, groundnut oil, sugar, salt, flavor nylon, a busy road or market. You don’t need to rent a shop, you can partner with someone in his/her shop since you won’t be disturbing them or you can get an umbrella, clean up any free space in a busy area and start your business. In some cases, you may be required to pay some token amount to the local government council to start your business there. It not more than 2k.
How do I prepare a popcorn?
To prepare popcorn, take 3 tablespoons oil, ½ teaspoon salt, ½ cup popping corn, 3 tablespoons butter melted in a large, heavy-bottomed saucepan, add the oil, salt or sugar and popping corn. Turn the heat to medium, cover the pot with a lid left slightly ajar, and shake once or twice. The corn kernels will begin to pop within a minute or two. Once the popping slows to an almost stop, remove the pot from the heat. Transfer the popcorn to a large serving bowl and drizzle with melted butter, tossing well to combine. Add more butter or salt, if preferred.
You can carry out this as a practice at home before moving into the business so you can get mastered to it very well.
- Sales of CD/DVD’S Business
If you don’t like Nigeria movies I am Pretty sure you like American movies, how about India, Chinese and Philippines movies? Uhumm…. see you nodding right?
This is a money splitting business but some people thought there is nothing there. Do you know how much those movies you buy for 150 nairas are been sold to the retailers? in case you don’t know, their counting price is 30 Naira each in Alaba market. Now those guys sell these movies for 150 to us, definitely making 120 nairas from every sale.
Let us assume he was able to sell to 35 people daily,
That is 120×35 = 4200 Naira.
Realistically guys that sell CDs/DVDs make N4300 Daily
In 30days (a Month) ….
He makes N109,200 Naira wondering how he can achieve selling up to 30 in a day?
…… Now let me explain to you how.
Do you know that those movies have season 1 season 2 season 3 even season 4? one particular person buys from 1 to 6 if it up to because no one likes to watch a seasonal movie half way.
This means one person can spend up to 1000 buying from season 1 to season 4. Interestingly that same person might see another interesting movie and decide to include it.
Now if the seller is a very busy place luck showered him more than 20 customers daily and sell more than 50 cd’s daily.
…. Punch your calculator and know the rest
Having a shop or just an open permanent space along a very busy road this business is good to go, your customers will always come to you for new interesting movies especially if you are kind to them. This is a very lucrative business and it doesn’t require a huge startup capital, with even 10,000 you can start this business.
- Flashing/Downloading of Music/Games to Phones Business
Do you have a laptop? Now its time to make good use of it. people want to have the latest music audio or video on their phones
Did somebody say they can do the download themselves?
Well lemme shock you, recent research shows over 67% (percent) of Nigeria population are not internet users, outside downloading, phones get infected with viruses every day, there is no way a virus-infected phone owner would not want to flash the phone in other to work well again, this is where you come in, you can do phone flashing, music and games downloading, and app downloading also together at the same time and this business doesn’t require a shop.
You can start this right in the front of your house by bringing your table, chair and your laptop, get two speakers and connect them to your laptop, get a plain board and write” Download Music, Games, Bible, Quran, & Flash Your Phone Here”. Just watch how people will be waking you up in the morning with their phones. The business is always a moving train in no matter what location you are because the phone is being used everywhere.
With fewer competitions in your location, you can be charging 2,500 for just phone flashing and 500 Naira and more for games, music, Bible, and Quran downloading. This business doesn’t require you to buy or resell anything, you are just making the money to yourself without buying anything. If you don’t have a laptop then you can get one from our warehouse for as low as 19k – 40,
- Benue Business Idea: Phones Sales Business
People buy a phone every day and will still buy tomorrow and will still continue to buy, With N50,000 you can start phone business in Makurdi. A typical example is places like; Tito-Gate, K/Ala Street and many other.
You can start this business right from the front of your home or at any busy road. Just get a table and a carton to arrange them on just as those guy in Ikeja, and you can start your business, sell them for any amount you wish, but I advise considerable price because turn-over is the key.
- Phone Accessories Business
This is so lucrative more than u can ever imagine. Phone accessories are phone stuff like phone chargers, ear-piece, USB memory card etc. people have issues with their phone accessories every day mostly chargers. This business is very lucrative if you are in a busy location. starting this business is not costly, you can start this business with 20,000 nairas. You must have bought a charger or ear pies before, this is to say people are buying it always due poorly quality largely circulating Nigeria market, people run into one problem or the other with their chargers, and required them to get new because they can’t throw their phone away.
If you are ready for this business you can partner in a shop with anybody that cell phones.
My recent survey shows those guys make close to 400% on each of those accessories.
- Benue Business Idea: Fast Food Business
Food is an essential commodity. But do you know it not all the time we feel like cooking or even have the time to? Even if you prepare your breakfast by yourself, how about the launch? will you go with your cooking stuff to the office? This is why restaurant and fast food joints will never run down. I read a story recently published on Cast Nigeria about that delivers food on byke in makurdi I was so impressed.
….cool right? he will surely be making a lot of money if he knows what he is doing
You can set up a mini restaurant with 20k to 50k and start making money from it. You can even deliver to companies at the break time in saving them the stress and time going out to look for food by bringing it to them at the office, they will so much appreciate you while you make your money.
- Benue Business Idea:Dry Cleaning Business
Ironing has never being a good experience for me I’av always hated it from day one, oh my, till I Launch dry-cleaning services my self.
You can start this business right from your home with no capital to 50k. If you don’t have money then use your hand for the washing and iron them, I am sure you have an iron already. If you have money to invest, then you can get a washing machine and start doing it right in your home till you are able to raise cash for store rent.
- Benue Business Idea: Fish Fingerlings Production Business
Have you seen catfish before? the baby of catfish is called fingerlings. If you are a person that like agriculture such as farming, then you can venture into this business as it very lucrative but it required some skills. There are places to acquire the skill in most cases it cost you nothing. The process of producing fingerlings is easy, the only important thing is getting buyers ready before production.
This business is lucrative, you can make up to N50,000 in your first production that cost just N4,000. fingerlings farming is very lucrative.
- Benue Business Idea: Recharge Card Distribution Business
Even without money, you can start this business if you have a bulk seller that trust you. This business is the act of buying and distributing recharge cards from producers to retailers, you are the middleman here. You can start this business with 50k if you don’t have a recharge card producer that can give you to supply and payback after supply. You will need at least a bicycle for movement in other to be saving transportation cost.
- Benue Business Idea: Shawarma/Barbecue Business
This is another business you can start with small amount and be making some cool cash from daily, shawarma is consumable daily. Some people like eating barbecue or shawarma while drinking in a beer parlor and also like buying for their family. The right place for this business is a front of bear parlor or club.
You can start shawarma or barbecue business with as low as 20k.
- Live Stock Poultry Business
Agriculture product is expensive in Nigeria because businessmen don’t face it. You can do poultry farming right in your backyard. You can buy a big cage that can contain up to 2 chickens, and in just 4 months you can start selling them for N3,000 each especially in a season of celebration. with N30,000 you can start this business comfortably and there is no too much stress on it.
- Mini Importation Business
Nigeria depends on importation, it a shucking thing that Nigeria import matches and toothpicks, but we can’t do without them so since we are not ready to produce them we have to keep importing this stuff. There are so many items out there to import that will interest Nigerians. On an interview with a Nigeria importer, he stated that importation business is lucrative and every Nigerian who know how to go about it is sure of bee a millionaire in nearest future.
According to him, he noted that importation business can be started with 20000 to 50000 naira and be sure of making 150,000 Naira monthly if importing the right products. You can start importation business while you are in Nigeria, Makurdi is also cool for this business, go on aliexpress and search for a cheap item of $2 – $3 and import 10 pies of it. Hiding camera,s fancy phone cases, Bluetooth speakers and some other stuff like this are best for mini importation. You can meet with retailers to supply them at a wholesale price when they arrived, or sell them online on olx, jumia, konga or jiji.
- Plantain Chips Business
Most people this when traveling, chips are common everywhere.You can start this business as a company by packaging it in advance way and putting a label on it just as the one you see in Lagos. If doing it the right way you will get retailers coming to buy from you every day to sell. According to my research, I find out that a dozen of those in Lagos cost 6k. You can start producing your own and sell to those guys selling along express and people selling in the shop. You can start this business with 50k
- Ice Block Production Business
Nigeria electricity condition is getting worse every day and people need cold drinks water etc, you can be of help and make money with this. If you already have a freezer you can start producing ice block and sell to people who are selling drinks and water. The only important thing this business required is a freezer and Better generator with water.
- Benue Business Idea: Production Of Candle Business
I don’t know more about this but my research shows it a lucrative business that has no stress, and with 50k you can start this business comfortably. With erratic power supply in the country, there is no doubt that production of the candlestick is still a money-spinner. A sizable group of Nigerians relies solely on a candle to battle the erratic power supply. With #10,000 Naira you can have a candle mold, which produces 16 candlesticks at a time and goes about 50 times a day translating into 800 per day. This is a situation when you are starting with #20,000 to #25,000 Naira.
According to research to produce 16 pieces of the candle does not take more than 10 minutes, all you need to do melt the wax, put in your mold, in 5 minutes after, put in another wax, which you must have melted, while the previous one congeals and you go on and on.
the requirements to start this business are Wax #1,000 Naira, mold cost #30,000 Naira, Thread #1,000 Naira, Packaging Nylons N1,500 Naira, heat source N600 Naira, Bowl, Ceiling Machine N2,000, and logistics.
This is the profitable business to start with 20000 – 50000 naira in Nigeria
Most Nigerians are scared to start a business but the fact remains, the set of people who want to set up something for their selves are more than those who want to work with someone till their old age. So if you are someone like me who love having his/her own business then this article is for you, just think of which to implement carefully if you encounter any issue, feel free to use the comment box I will sure be willing to assist in my little way.
Thanks for reading……….