10 Business To Start With ₦50,000 in Nigeria 2024

If you have ₦50,000 in Nigeria and you are looking for a profitable business to start with that amount, then you are in the right place. In this article, we will provide you with a list of businesses that can be started with ₦50,000 in Nigeria in 2024. Despite the poor state of the economy and the devaluation of the Naira, these businesses can earn you a good amount of profit within a short period.

We won’t just list these businesses, but we will also give you some information on how to start them and the exact capital required to start them. However, it is important to note that some of these businesses may depend on location, especially the second business on our list, which is the POS business.

So, let’s get into the list of businesses that can be started with ₦50,000 in Nigeria:

10 Business To start with ₦50,00/ in Nigeria 2024

1. VTU Business

One of the businesses you can start with ₦50,000 in Nigeria is the VTU Business. It involves selling recharge cards and data either by printing cards or through top-ups.

This business is one of the most profitable businesses in Nigeria. You can start this business by visiting the website Vtuwallet.com.ng and creating an account. Once you fund your wallet, you can start selling recharge cards and data. If you want to have your website or app like vtuwallet.com.ng, you can message us on WhatsApp at 09064817277, and we will guide you through the process.

The cost of starting a VTU business in Nigeria is between ₦30,000 to ₦50,000.

2. POS Business

Another profitable business you can start with ₦50,000 in Nigeria is the POS Business. However, this business’s success depends on your location, and you can start it if you live in a rural area and build trust with your customers.

POS Business is a place where a retail transaction takes place, and you can help people withdraw money and deposit money. To start, you need a POS Terminal or Machine and a location. With ₦50,000, you can get a POS Terminal of ₦20,000 and use the remaining ₦30,000 as your starting capital.

You can start your business by placing a chair at your house or nearby public places and advertising your business. In no time, you will start getting customers. Always remember to take a record of your transactions and ask questions if you are not sure of what you are doing.

3. Blogging

Blogging is another profitable business you can start with less than ₦50,000 in Nigeria and earn good money without stress. Blogging is a long-term business that requires patience and effort. It involves sharing information with readers and earning money from affiliate marketing, advertisements, ads on blogs, and guest posts.

You can start blogging on Facebook, Twitter, and Instagram or create your website. If you are interested in learning blogging, you can contact us, and we will guide you through the process.

The starting cost of blogging is between ₦15,000 to ₦50,000.

4. Vlogging

Vlogging is another profitable business you can start with ₦50,000 in Nigeria. However, it also requires effort and patience to succeed.

Vlogging involves sharing information with your audience in video formats on platforms like Instagram, TikTok, Facebook, and YouTube. You can earn money through affiliate marketing, in-stream ads, or direct sponsored ads.

The starting cost of vlogging is ₦50,000.

5. CPA Marketing

CPA Marketing is another profitable business you can start with less than ₦50,000. CPA Marketing means Cost Per Action. It is a simple business to start. Choose a CPA marketing online, create an account, and get offers. You will get paid for each action you refer people to perform.

6. Affiliate Marketing

Affiliate Marketing is a profitable business you can start with ₦50,000. It involves being a middleman between the owner of the products and the customer. You earn a commission for each successful sale you make. There are several affiliate marketing programs in Nigeria that you can check out and start making money.

7. E-commerce Business

One of business the es you can start with ₦50,000 is E-commerce. Although it depends on the type of products you want to start selling, E-commerce involves buying products from one market at a cheap price and selling them at another market at a higher price. With step-by-step guidance, you can start a successful E-commerce business in Nigeria with a starting cost of ₦25,000 to ₦50,000.

8. Dropshipping

Another profitable business you can start with ₦50,000 is Dropshipping. This business model does not require you to keep an inventory but rather collaborate with suppliers, who will ship the products directly to your customers. With a starting cost of ₦50,000, you can earn money with Dropshipping.

9. Amazon KDP

Amazon KDP is also a profitable business you can start with less than ₦50,000 and earn money online. This business involves writing an ebook and selling it on Amazon. You can find several videos on YouTube to help you get started or leave a comment if you would like me to write articles about it.

10. Arbitrage

Lastly, Arbitrage is another profitable business you can start in Nigeria with just ₦50,000. This business involves buying products at a low price and selling them at a higher price.

There are several arbitrage opportunities available, including dollar arbitrage, crypto arbitrage, and e-commerce arbitrage. You can subscribe to my newsletter or bookmark my website to receive notifications about these opportunities.