Best 31 Businesses in Nigeria With 150K-Make 2M Under 6 Months

Start These 31 Businesses in Nigeria With 150K-Make 2M Under 6 Months.

As I write this down the current exchange rate is $1~1675. It will rise to 1800 by Christmas if it doesn’t exceed.

which means the value of the Nigerian currency will still drop.

What would 150k get you?

I left my job in September 2022, and I’ve been making money online ever since.

I have learned a lot via trial and error, I will only reveal the things that work.

Business Planning and Strategy

A solid plan and strategy are crucial to starting a business with 150k in Nigeria.

First things first what do you want?

What are your goals and what are the things you have to do to get there?

Regularly reviewing and adjusting plans based on these factors can significantly increase your chances of success.

31 Best Businesses You can start with 150k in Nigeria.

Starting a business in Nigeria can be a daunting task, especially when you have limited funds.

However, with the right business idea and strategy, you can start a profitable business with just 150k.

Here are some profitable business ideas that you can start with 150k in Nigeria

1. Business of Investing in Yourself

Investing in yourself is one of the best choices you will make.

First, you need skills. Builds your confidence, opening up more opportunities.

When you keep learning, you stay flexible in a fast-changing world, making you more valuable at work or as a business owner.

This will lead to better decisions and new ideas, increasing your chances of earning more.

Personal growth also helps you handle challenges better.

Focusing on your development builds a strong foundation for long-term success, preparing you to seize opportunities and tackle challenges in life and work.

2. Graphic Design

Graphic design is a good business to start with 150k in Nigeria because it requires minimal startup costs. Buy a laptop

With a computer, you will create logos, marketing materials, and social media content for businesses.

The growing need for digital marketing and branding services in Nigeria provides a steady stream of potential clients.

Graphic design offers remote work opportunities, cutting down on costs.

3. Computer Programming

Starting a computer programming business with 150k in Nigeria is good. Buy a course and learn the skill.

With minimal investment in equipment and software, you can offer services like app development, web design, and software solutions.

The growing digital economy in Nigeria and the increasing need for businesses to establish an online presence create numerous opportunities.

Remote work expands client reach beyond local markets, helping programming businesses profit through effective marketing.

4. Video Editing

Video editing is a great business. There is a huge demand for video content.

Many businesses and individuals need high-quality video content for marketing, YouTube.

With relatively low startup costs for essential equipment and software, you can quickly establish a video editing service.

Online platforms widen your global reach, attracting clients worldwide. Video content’s popularity ensures steady demand, promising profitable growth.

5. Email Copywriting

Starting an email copywriting business with 150k in Nigeria is great.

Fine, what do I do?

Get a good phone purchase enough data and start writing online.

As an email copywriter, you can offer valuable services to businesses looking to enhance their marketing efforts at a relatively low cost.

By networking strategically and delivering quality content, you can build a client base swiftly and scale profitably in the Nigerian market.

6. Article Writing

Article writing is a lucrative business to start with 150k in Nigeria due to minimal startup costs and high demand.

With a laptop and internet connection, one can provide content creation services to businesses, websites, and publications locally and internationally.

Nigeria’s growing digital economy and the need for online content across various industries create ample opportunities.

Freelance platforms and content agencies provide consistent work opportunities.

7. Mobile App Development

Mobile app development is a promising business in Nigeria with 150k due to its high demand and scalability.

Nigeria has a growing mobile user base and increasing internet penetration, creating a fertile market for mobile apps.

Furthermore, offering app development services can generate recurring revenue through maintenance and updates.

This sector’s growth potential and adaptability to local market needs make it a lucrative choice for aspiring entrepreneurs in Nigeria.

8. Online Tutor

Starting an online tutoring business with 150k in Nigeria is a good idea due to the low startup costs and high demand for education.

With this capital, you can invest in essential tools like a reliable internet connection, a computer, and marketing.

Online tutoring eliminates the need for physical space, reducing overhead costs.

The growing internet penetration and the increasing value placed on education create a vast market.

9. Social Media Management

Social media management is a good business to start with 150k in Nigeria because it requires low startup capital and offers high demand.

Many businesses seek to enhance their online presence and engage with customers but lack the expertise.

With minimal investment in tools and training, you can offer valuable services like content creation, scheduling, and analytics.

The growing digital landscape in Nigeria means more businesses are moving online, creating a consistent client base.

10. Photography service

Starting a photography service in Nigeria with 150k is advantageous due to low startup costs for essential equipment.

High demand exists for events like weddings and corporate functions. Effective marketing and a strong portfolio attract clients, ensuring steady income.

Social media’s rise increases demand for professional photos, providing growth opportunities.

With creativity and skill, you can establish a profitable photography business in Nigeria.

11. SEO Service

Starting an SEO service with 150k in Nigeria is a smart choice because of the low startup costs and high demand for digital marketing.

Businesses are increasingly moving online and need SEO to improve their visibility and attract customers.

With minimal equipment and overhead, you can offer valuable services like keyword research, content optimization, and link building.

The increasing presence of small businesses in Nigeria creates a large client pool.

Ongoing SEO contracts offer recurring revenue, making it a sustainable and profitable business opportunity.

12. Voice Over Artist

Starting a voice-over service with 150k in Nigeria is good.

Get a good microphone

The market for voice-overs spans various industries, including advertising, e-learning, and entertainment, providing diverse opportunities.

The rise of digital content creation increases the need for professional voice-over services.

With the right skills and marketing, you can attract local and international clients, ensuring a steady income stream.

This business requires minimal overhead, making it a viable and profitable venture.

13. Flipping Domains

Flipping domains in Nigeria with 150k is a smart choice due to its low startup costs and high profitability.

You purchase undervalued domain names and sell them at a higher price.

The domain market is expansive, attracting businesses and individuals seeking memorable or relevant web addresses.

This business operates with minimal overhead and can be managed online, offering flexibility and scalability.

14. Resume Writing

Starting a resume writing business in Nigeria with 150k is wise due to the high demand in a competitive job market.

Minimal overhead allows for online service delivery to a wide audience. The initial investment covers tools, marketing, and training.

Rising job competition ensures a steady client base seeking polished resumes.

Offering LinkedIn profile optimization can increase earnings.

This business harnesses your skills for a valuable service with strong growth prospects.

15. Language Tutoring

With globalization, many Nigerians seek language skills for better job opportunities and education abroad.

The startup costs are low, mainly requiring marketing, materials, and possibly renting a small space.

With online learning on the rise, offering virtual classes reduces overhead costs.

The flexibility of tutoring enables easy scalability as demand grows, making language tutoring a profitable and sustainable venture in Nigeria.

16. Ebook Publishing

Purchase an Amazon KDP course.

Ebook publishing is a great business to start with 150k in Nigeria due to low initial costs and high demand for digital content.

You can get on Facebook and run ads for your ebook. All you need is to create one.

With affordable internet access and widespread smartphone use, ebooks are easily accessible to a large audience.

The costs of production and distribution are minimal compared to traditional publishing.

17. Selling Online Courses

Selling online courses is a great business opportunity in Nigeria! With just 150k, you can start running ads to promote your courses.

This approach lets you reach many people, not just those nearby. There’s a high demand for skills development and education right now, making this a smart move.

You can use social media and online learning platforms to keep your marketing costs low while increasing your chances of earning more.

As more Nigerians become digitally savvy and gain better internet access, the market for online education is expanding.

18. Etsy Shop

Starting an Etsy shop in Nigeria with 150k is beneficial. It taps into local craftsmanship and creativity, setting products apart globally.

Etsy’s platform connects you to a large customer base worldwide, reducing marketing costs.

The initial investment can enhance product quality and design while ensuring competitive pricing.

Etsy supports small businesses, aiding growth and visibility. This makes an Etsy shop a compelling choice for a profitable handmade crafts business in Nigeria.

19. Transcription Service

Starting a transcription service with 150k has many benefits. Yes, you can start a transcription business with 150K all you need is to get the transcription skill.

That’s where you purchase a course.

Global demand for accurate documentation in healthcare, legal, and media sectors is increasing.

With the right skills and marketing, a transcription business can quickly attract clients and scale.

20. Trading on Facebook

Buying and selling on Facebook is a promising business in Nigeria with 150k due to its extensive reach and low entry barriers.

Facebook’s platform allows for direct engagement with a large audience, facilitating quick sales and customer interaction.

With minimal overhead costs, such as rent or utilities, and the ability to start small, entrepreneurs can effectively manage their investments.

Read also: 25 Best Apps to Make Money Online in Nigeria-Top Picks for 2024

21. Mobile Phone Repair

Mobile phone repair is lucrative in Nigeria. With 150k, you can start fixing common issues like screen replacements or battery problems.

Get the basic skillset and tools and you are good to go.

Demand is high with rapid mobile phone ownership growth.

Repair services are cost-effective, and appealing to budget-conscious consumers.

The business has a low overhead and can be started small, making it accessible for entrepreneurs.

These factors combine to make mobile phone repair a promising venture in Nigeria.

22. Forex Trading

Forex trading can be a promising business with 150k in Nigeria due to its accessibility and potential for high returns.

With this amount, traders can access the Forex market and leverage fluctuations in currency prices to profit.

The market operates 24/7, allowing flexibility, and offers various trading tools and platforms.

Forex trading is accessible with basic infrastructure like a computer and internet.

Success depends on deep market knowledge, effective risk management, and disciplined trading strategies to handle market volatility.

23. Trading Signals

Trading signals can be a beneficial business to pursue with a 150k investment for several reasons.

First, they have a low entry cost, making it accessible to many.

Following accurate signals will lead to potential profits by capitalizing on market movements.

They provide valuable learning opportunities, helping you enhance your trading skills.

The flexibility of remote trading allows you to manage your investments from anywhere.

24. Mobile Food Vendor

A mobile food business is a great opportunity for cooking enthusiasts looking to profit from their passion.

With an investment of around 150,000, you can start a food truck or cart to serve delicious meals in busy areas like markets, parks, and events.

You can customize your menu to fit your target market, offering snacks, drinks, or full meals based on customer preferences.

Flexibility allows you to adapt to trends, and lower overhead costs, combined with direct customer engagement, foster loyalty and a unique brand experience.

25. Automated Trading

Automated trading uses computer programs to buy and sell assets in the financial markets without needing a person to do it manually.

Traders set specific rules based on market data, allowing them to take advantage of opportunities quickly.

This method reduces emotional decision-making and can execute trades faster than a human.

It’s suitable for various markets, including stocks, forex, and cryptocurrencies, making it accessible for both experienced and new traders.

It’s important to monitor it closely and manage risks, as market conditions can change quickly.

26. Soap Making

Soap-making is a profitable business that requires minimal startup capital, making it accessible for many entrepreneurs.

With an investment of around 150,000, you can purchase essential materials and equipment to produce high-quality soap.

You can create a variety of products, such as natural, scented, or specialty soaps, catering to different customer preferences.

This versatility allows you to market your soap to individuals, retail outlets, and events, providing multiple avenues for sales.

27. Poultry Farming

Poultry farming is a profitable business opportunity that can be started with a capital of 150k in Nigeria.

It involves raising domesticated birds such as chickens, turkeys, ducks, and geese for their meat and eggs.

To start a poultry farm, one needs to construct a poultry house, purchase birds, and provide them with adequate feed and water.

The demand for poultry products in Nigeria is high, making it a lucrative business.

The entrepreneur can sell the birds and their products to local markets, supermarkets, and restaurants.

28. Fruit and Vegetable Retailing

Fruit and vegetable retailing is a business opportunity that involves selling fresh fruits and vegetables to consumers.

It requires a stall or shop, a reliable source of fruits and vegetables, and proper storage facilities.

The entrepreneur can sell the fruits and vegetables to local markets, supermarkets, and restaurants.

It is important to note that the entrepreneur must ensure that the fruits and vegetables are fresh and of high quality.

29. Cleaning Service

You can start a cleaning service in Nigeria with 150k, offering cleaning for homes, offices, and schools with services like dusting, sweeping, and deep cleaning.

Services like carpet and window cleaning can attract more customers, along with discounts for referrals.

Use flyers, posters, and social media to market your business effectively.

30. Mobile Accessories Sales

Starting a mobile accessories sales business can be a lucrative venture with 150k in Nigeria.

This business involves selling accessories like phone cases, chargers, earphones, and screen protectors.

To start this business, one needs to identify a suitable location with high foot traffic such as a busy street or shopping mall.

It is essential to provide a variety of accessories to cater to the diverse needs of customers.

31. Fruit Juice Business

Starting a fruit juice business with 150k in Nigeria can be lucrative due to several factors.

First, there’s a growing demand for healthy beverage options among the health-conscious population.

Secondly, Nigeria’s climate supports the cultivation of a wide variety of fruits year-round, ensuring a steady and affordable supply.

The startup costs for equipment and ingredients are relatively manageable, making it accessible for entrepreneurs with limited capital.

Read Also:

• 33 unpopular businesses you can start with 50k in Nigeria and become rich
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• 45 Best Business to Start with 300k in Nigeria.
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•  41 Best Hidden Online Businesses to Start with 200k in Nigeria
• 27 Best Businesses to Start With 900K in Nigeria and Grow It to 10MILLION