20 Businesses You Can Start With 20k in College Life - Jobidea24

Lack of money is a common excuse many people give for not starting a business, but a lack of ideas is a worse problem you must consider.

There are businesses you can start with as little as 20,000, but if you have yet to learn what to do with 20,000, you may find creating a small business the most complex.

So, if you've always thought about starting a small business, money and ideas shouldn't be your problem again. Just check your bank account. If you get N20k you are not spending now, you can start a profitable business that will give you accurate financial freedom.

1. Bed/bed production

Go to Lagos Island or Oshodi, where they sell the material in bulk. Choose a good design, and I tell you the people who will sew it for you are in that market. You can start with less than 100k and grow your money diligently.

2. Shirt production

This is a sweet side hustle. Having a tailor in Lagos Island or learning better skills will save you all the heartache you can imagine. Taiwo Street in Lagos Island is where you need to be. Materials cost 700 - 1k per form, sewing costs 1500/2k, and selling costs 5-7k.

3. Sale of men's underwear

Plan a trip to the Abba market. The production cost of boxers is low, so you can get one for less than N300. All you need to do is pack it in 3s and market these babies the right way on Twitter. Ask a friend for RTs; we buy 3s. Pack boxers for 1500-2500. Sell them to you for 1200. Increase slowly.

4. E-Payments and POS Business

You can get a POS machine from your bank and enable online banking. If you live where there aren't many banks, you can handle e-payments for people and make your own change. Am I paying someone N200 to withdraw 10k in Ikorodu? The ATM queue was insane.

5. Mobile and electronic accessories

Mobile and electronic accessories, such as bags, chargers, USB cables, HDMI cables, earphones, and many more, can be bought on Alibaba, Ali Express, Dell Extreme, etc. They are light, so shipping will not be a burden.

6. Popcorn machine

We all know this guy! We buy every time. Bags of corn—mile 12, labelled nylon, sugar, salt, and butter. The beauty of it is that when it's done right, its aroma will attract customers. Manual Sealing Machine -7/9k. Popcorn Machine—65k on Jumia. Popcorn can be served anywhere.

7. Sale and adaptation of football teams

Football team supporters always want to show how much they support a team. Contact my sister @The_Ronke. She will show you how well you survive in business. He is more than happy to train you, too.

8. Snail breeding

Snail farming in Nigeria is even more popular because of its relatively cheap start-up costs. If you market your product well, your business will grow. This is a business that you can start from your own backyard. The best part is that snails take about a year to mature, so patience is key!

9. Substantially used goods

Reasonably used items like jeans, tops, t-shirts, shoes, etc. They can be bought from Badagry, even Cotonou. 100k, you can't get a bale, but you can pick and mix them. Then, wash and pack neatly. That's all there is to marketing; you want to sell and watch your money grow.

10. Cleaning

Some people find it difficult to clean their apartments because they are busy from Monday to Friday, have commitments on Saturday, and just want to relax on Sunday. Your tool will cost you less than 30,000, and you can clean six apartments in a weekend.

11. Homemade food and delivery

You can cook a variety of meals well and employ customer service. People will pay good money for your services, and you can run this from home. @Soup_A_Market and @Marrgarritah are more than capable of training you on how to start up.

12. Digital marketing

The success of any business lies in its ability to effectively reach out to its teeming customers, which is achieved through effective marketing: Get a used laptop and smartphone; temporarily, your smartphone can double as your hotspot. Persistence and passion are critical.

13. Cakes and confectionery

This is a company that always comes to play, people celebrate, and bakers are always consulted. Ask my boss here, @mycreamydelight. Get the necessary skills, a decent oven, passion, and customer service! You will grow! They are also open to training.

14. Aso-Oke beading and stoning

Aso-Oke Beading and Stitching have sometimes become fashionable now, and this is another cute business you can start with 100k. You just need to learn how to bead and unlock your creative mind. Ask my PADI @wuragold2, The Also Oke Girl. She spoke from the confines of her home in IB.

15. Pearl production

There's not much to say here. You only need training, passion, creativity, unique designs and styles, and appropriate marketing. You definitely don't need 100k to start this.

16. Home service Hairdresser

This is another profitable small business. The beauty of this is that you offer your services to your customers for an additional token above the normal. The seed capital is needed to get the equipment, and I'm sure you know we have rechargeable clippers.

17. Tutorial Classes

Regardless of your age, this is another well-paying, part-time or full-time job. Many families are willing to spend whatever it takes for their children's success, and there is one subject you are well-versed in. Just plug the gap and meet their needs for a fee.

18. Internet Services

Forget the vast coverage of the internet and the fact that people can rate it on their phones. How much do applicants pay to fill out Jamb applications online? You need a sound system, printer, and internet provider. People pay as much as 1000 per application.

19. Production of Zobo, Smoothies, & small chops, cupcakes

You will realize that the importance of this combination cannot be discounted. You can provide these services with 100,000 seed capital + proper marketing, branding, and packaging. @aisinshugga @DojaCulinary can train you.

20. Making handmade cards

Do you know that people pay good money for these things made of paper and straw boards? You can start this business with less than 100k. My friend @CraftsVillageNG started from her bedroom! And his cards went a long way.