33 Unpopular Businesses You Can Start with 50k in Nigeria and Become Rich.
Looking for what businesses you can start with 50k in Nigeria?
I have to be honest it’s hard but possible to do business with 50000 in Nigeria.
Starting an online business in Nigeria offers financial independence and flexible work schedules.
This article explores 33 lesser-known online businesses you can start with 50k or less.
Entrepreneurs can start with minimal investment and achieve significant profits by selecting a niche market and using cost-effective marketing strategies.
let’s get down to it.
1. Online Voiceover Artist
Starting an online voiceover artist business in Nigeria with 50k is good due to its low startup costs and high demand.
You can begin offering your services with just a quality microphone, soundproof space, and basic audio editing software.
The growing need for voiceovers in advertisements, audiobooks, and videos creates a steady market.
Voiceover work can be done remotely, providing flexibility and access to international clients.
2. Digital Coupon Creator
Starting a digital coupon creation business in Nigeria with 50k is a good idea due to low startup costs and high demand.
You can use affordable graphic design tools to create attractive coupons for businesses looking to attract customers with promotions.
This service requires minimal overhead and can be managed from home, offering flexibility and scalability.
By helping businesses increase their visibility and sales, you can carve out a profitable niche in the growing digital marketing landscape.
3. YouTube Creator
Starting a YouTube channel is a great business with 50k in Nigeria because it requires minimal initial investment.
With basic equipment like a smartphone, you are good to go.
Over time, monetization through ads, sponsorships, and merchandise can generate significant income.
The platform also offers flexibility in content creation, allowing you to explore various niches.
With creativity and consistency, you can build a loyal subscriber base and achieve long-term success, making it a cost-effective and profitable venture.
4. Online market researcher
Starting an online market research business with 50k in Nigeria is a smart choice due to the low startup costs and high demand for insights into consumer behavior.
With just a computer and internet connection, you can conduct surveys, analyze data, and provide valuable market insights to businesses.
The flexibility of working online allows you to reach a wide range of clients, both locally and internationally.
Your analytical skills and ability to deliver actionable insights can make this a profitable and scalable venture.
Read also: Top 27 Profitable Businesses to Start with ₦900,000 in Nigeria
5. Graphic Design Services
Graphic design services are in high demand in Nigeria as businesses seek to create visually appealing and professional branding materials.
With a starting capital of 50k, one can start a graphic design business by investing in a good computer, and design software, and marketing their services on social media platforms.
Offering a wide range of services such as logo design, business cards, flyers, and brochures can help attract clients.
6. SEO Consulting
With the increasing importance of online presence for businesses, SEO consulting services are in high demand.
Starting an SEO consulting business requires expertise in digital marketing, keyword research, and website optimization.
With a capital of 50k, one can invest in online courses and tools to enhance their knowledge and skills and offer services to businesses looking to improve their online visibility.
7. Virtual Assistance
Virtual assistance services are becoming increasingly popular as businesses seek to outsource administrative tasks to remote workers.
With a starting capital of 50k, one can invest in a good computer, internet connection, and software to offer services such as email management, scheduling, data entry, and customer support.
Marketing services on freelancing platforms and social media can help attract clients.
8. Content Writing Services
Content writing services are in high demand as businesses seek to create engaging and informative content for their websites and social media platforms.
With a starting capital of 50k, one can invest in online courses and tools to enhance their writing skills and offer services such as blog writing, copywriting, and article writing.
Marketing services on freelancing platforms and social media can help attract clients.
9. Social Media Management
Social media management is a lucrative business in Nigeria due to its low startup costs and high demand.
With 50k, you can invest in basic tools and marketing efforts to manage social media accounts for businesses, helping them enhance their online presence and engage with customers effectively.
The rapid growth of social media usage across demographics makes this service essential for businesses aiming to reach a broader audience and increase sales.
As businesses increasingly prioritize digital marketing, offering social media management services can provide steady income and opportunities for expansion in Nigeria’s evolving market landscape.
Read also: Start These 31 Businesses in Nigeria With 150K-Make 2M Under 6 Months
10. E-Tutoring
E-tutoring is a great online business idea that requires little capital to start.
With just 50k, one can start an online tutoring business that provides educational support to students in various subjects.
The business can be run from home, and the tutor can use various online platforms such as Skype, Zoom, or Google Meet to deliver lessons.
E-tutoring is a flexible business that allows the tutor to work at their own pace and schedule, making it a perfect fit for those who want to work from home.
11. Online Courses Creation
Online course creation is another great online business idea that requires little capital to start.
With just 50k, one can create and sell online courses on various topics such as digital marketing, coding, graphic design, and more.
The courses can be sold on various online platforms such as Udemy, Skillshare, and Teachable.
Online course creation is a profitable business that can generate passive income for the business owner.
12. Career Coaching
Career coaching is a lucrative online business that requires little capital to start.
With just 50k, one can start a career coaching business that provides guidance and support to individuals looking to advance their careers.
The business can be run from home, and the coach can use various online platforms such as Skype, Zoom, or Google Meet to deliver coaching sessions.
Career coaching is a flexible business that allows the coach to work at their own pace and schedule, making it a perfect fit for those who want to work from home.
13. Affiliate Marketing
Affiliate marketing is a type of online business that involves promoting other people’s products or services and earning a commission for each sale made through your unique affiliate link.
It is a popular way to make money online, and it requires minimal investment to get started.
To start affiliate marketing, one needs to sign up for an affiliate program that is relevant to their niche.
There are various affiliate programs available in Nigeria, such as Jumia Affiliate, Konga Affiliate, and Amazon Affiliate.
Once registered, affiliates will receive a unique affiliate link that they can promote on their website, blog, or social media platforms.
14. App Development
App development is a highly lucrative business in Nigeria. With the increasing demand for mobile applications, app developers are in high demand.
The good news is that with just N50,000, you can start an app development business.
All you need is a laptop, an internet connection, and a good understanding of programming languages such as Java, Swift, and Kotlin.
To succeed in this business, you need to be able to develop apps that meet the needs of your clients.
15. Web Development
Web development is another tech-driven service that you can start with N50,000 in Nigeria.
With the increasing demand for websites, web developers are in high demand.
Starting a web development business requires a laptop, internet access, and proficiency in HTML, CSS, and JavaScript programming languages.
To succeed, build a portfolio showcasing your work on LinkedIn and Twitter to attract clients
16. Tech Support Services
Tech support services are essential for businesses that rely on technology to operate.
As a tech support service provider, you will be responsible for providing technical support to clients who are experiencing problems with their computers, software, or other electronic devices.
To start a tech support services business, you need a laptop, an internet connection, and knowledge of computer hardware and software.
You can offer your services on a freelance basis, or you can start a company and hire other tech support professionals.
17. Sell Digital Products
Selling digital products is a lucrative business in Nigeria with a startup cost of 50k due to its low overhead and scalable nature.
You can create and sell e-books, online courses, software, or digital art from anywhere with internet access.
There’s a growing demand for digital content globally, and platforms like social media and online marketplaces make it easy to reach a wide audience.
With minimal production costs and no inventory issues, you can maximize profit margins.
18. E-Books
E-books are a popular digital product that one can create and sell.
With a budget of 50k, one can create an e-book on a topic they are knowledgeable about and sell it on platforms like Amazon Kindle, Kobo, or Google Play Books.
E-books can be written on a wide range of topics, from self-help to fiction.
19. Sell Stock Photos
Stock photos and videos are in high demand in today’s digital world.
With a budget of 50k, one can invest in a good camera and create high-quality stock photos and videos that can be sold on platforms like Shutterstock, iStock, or Adobe Stock.
This is a great option for those who are passionate about photography and videography.
20. Mobile Apps
Mobile apps are a great option for those who have some knowledge of app development.
With a budget of 50k, one can create a simple mobile app and sell it on platforms like Google Play or the App Store.
Mobile apps can be created on a wide range of topics, from gaming to productivity.
Creating and selling digital products is a great option for those who want to start an online business with a low budget.
With a little creativity and effort, one can create and sell digital products that people will love and generate a steady stream of income.
21. Subscription-Based Services
Subscription-based services offer a reliable stream of recurring revenue for online businesses.
With an initial investment of 50k in Nigeria, you can tap into various sectors such as entertainment, education, and more.
Consider starting a subscription service for streaming content, educational courses, software tools, or curated product boxes.
These models capitalize on customer loyalty and predictable income, facilitated by digital platforms and payment gateways.
22. Online Fitness Consultant
Starting an Online Fitness Consultant business in Nigeria with 50k is hard but possible.
You can offer personalized workout plans, nutritional advice, and virtual training sessions to clients nationwide.
With increasing health consciousness and the convenience of online platforms, you can reach a wide audience seeking fitness solutions.
Minimal investment in digital tools and marketing can establish your brand effectively.
Flexible scheduling and scalable services allow for growth and client retention.
23. Online Event Planning
Online event planning is a lucrative venture in Nigeria with 50k due to its low overhead costs and wide market reach.
You can leverage virtual platforms to organize and coordinate events such as webinars, workshops, and virtual conferences.
The demand for online gatherings is rising, driven by businesses, educational institutions, and individuals seeking efficient and engaging ways to connect remotely.
With creativity, organizational skills, and effective online marketing, you can establish a profitable event-planning business.
24. Remote Proofreading
As a remote proofreader, you review and correct documents for grammatical, typographical, and formatting errors.
This job involves working with a variety of content, including articles, websites, academic papers, and business documents.
With 50k, you can invest in training and software tools to enhance your skills.
Platforms like Upwork and Fiverr offer freelance proofreading gigs, making it easy to find clients and build a portfolio.
25. Virtual Bookkeeping
Virtual bookkeepers manage financial records for small businesses remotely.
This job involves tasks like recording transactions, reconciling accounts, and preparing financial statements.
With 50k, you can take online courses in bookkeeping and invest in accounting software like QuickBooks.
You can find clients through freelance websites or local business networks, offering your services to entrepreneurs who need help managing their finances.
26. Online Surveys
Participating in online surveys is a straightforward way to earn money.
Companies pay for consumer opinions on products and services.
You sign up with survey platforms, fill out profiles, and start taking surveys.
Each completed survey earns you a small fee, which can add up over time. With 50k, you can access reliable internet and sign up for multiple reputable survey sites to maximize your earnings.
27. Content Editing
Content editors review and refine written material to improve clarity, coherence, and overall quality.
This job can include editing blog posts, articles, e-books, and marketing content.
With 50k, you can invest in courses to improve your editing skills and subscribe to editing tools like Grammarly.
Freelance platforms provide opportunities to find clients and build a reputation as a reliable editor.
28. Data Entry
Data entry involves inputting information into databases or spreadsheets.
It requires attention to detail and accuracy.
With 50k, you can set up a comfortable workspace and ensure a stable internet connection.
Many businesses outsource data entry tasks, and you can find opportunities on freelance websites. This job is straightforward and can be done with minimal training.
29. Online Language Tutoring
If you’re proficient in a language, you can offer tutoring services online.
This job involves teaching language skills to students through video calls.
With 50k, you can invest in a good webcam, microphone, and online language teaching resources.
Platforms like iTalki and Preply connect tutors with students worldwide, allowing you to set your rates and schedule.
30. Remote Customer Service
Remote customer service representatives handle inquiries and provide support to customers via phone, email, or chat.
This job requires good communication skills and a customer-centric attitude.
With 50k, you can equip yourself with a reliable headset and internet connection.
Many companies hire remote customer service agents, and you can find opportunities on job boards and company websites.
31. Social Media Moderation
Social media moderators manage and monitor online communities, ensuring that conversations stay respectful and on-topic.
This job involves reviewing posts, comments, and messages, and enforcing community guidelines.
With 50k, you can get the necessary tools and training to moderate effectively.
Platforms like ModSquad and Upwork offer freelance moderation gigs.
32. Digital Product Reviews
Writing reviews for digital products, software, and apps involves testing these products and sharing your honest opinions.
This job requires attention to detail and good writing skills.
With 50k, you can set up a website or blog to publish your reviews and invest in marketing to attract readers.
Companies may pay for detailed reviews or offer affiliate commissions for products sold through your recommendations.
33. Transcription Services:
Transcriptionists convert audio and video recordings into written text.
This job requires good listening skills and attention to detail. With 50k, you can invest in transcription software and training to improve your speed and accuracy.
Freelance websites and transcription companies offer opportunities to find work, making it easy to start earning from home.
