What kind of business can one start with N100,000 in Lagos?
- Snack and bakery.
- Beverage (wholesale and retail)
- Hair styling (dreadlocks)
Starting a business with ₦100,000 in Lagos State requires creativity and careful planning. Here are some viable options:
### 1. **Food and Beverage Business**
– **Small-scale catering**: Specialize in local dishes, snacks, or pastries. You can start small and gradually expand.
– **Mobile food vendor**: Sell prepared meals in high-traffic areas, like office complexes or bus stops.
– **Smoothies or juice bar**: Fresh fruit juice and smoothies are popular, especially in health-conscious areas.
### 2. **Retail and Distribution**
– **Reselling fashion items**: Purchase clothes, shoes, or accessories in bulk from markets like Balogun and sell them online or at a small stand.
– **Provision store**: A small provision shop offering daily necessities like toiletries, snacks, and beverages can thrive in a residential area.
– **Phone accessories**: Selling phone cases, chargers, and other accessories in a busy area is low cost and profitable.
### 3. **Services**
– **Freelance writing or social media management**: If you have a laptop and internet connection, you can offer writing or digital marketing services.
– **Laundry service**: You can start by offering washing, drying, and ironing services within your neighborhood.
– **Event planning**: Specialize in small events like birthday parties or community gatherings.
### 4. **Tech or Online-Based Business**
– **Drop-shipping**: With a good internet connection, you can start a drop-shipping business with little capital.
– **Mini-importation**: Purchase goods from online marketplaces like Alibaba and resell them in Nigeria.
– **Blogging/Vlogging**: Focus on a niche, like lifestyle or fashion, and monetize through ads or affiliate marketing.
### 5. **Agriculture**
– **Poultry farming**: You can start with a small number of birds, particularly layers or broilers, and sell the eggs or meat.
– **Vegetable farming**: If you have access to a small piece of land, growing fast-yielding vegetables like tomatoes or peppers can be lucrative.
### 6. **Beauty and Personal Care**
– **Hairdressing or barbering**: Set up a small hair salon or barbershop, or offer home services.
– **Mobile makeup artist**: Purchase a basic makeup kit and offer your services for events or personal appointments.
– **Skincare products**: Produce and sell homemade skincare products like black soap, shea butter, or body oils.
These businesses require careful budgeting and the ability to scale up over time. Marketing, consistency, and good customer service will be key to success.
