It's every entrepreneur's dream to start their own business and be successful. But starting a business involves a considerable financial investment. Also, it's easy to develop the required capital. These challenges have left everyone wondering, 'what business can I start with 50k without a shop?'
You no longer have to invest large amounts of money into physical shop space and location rent. This is due to the increase in businesses operating online on digital platforms. Plus, many people look for convenient, hassle-free ways to buy goods without visiting a physical store.
If you are looking for what business to start with 50k without a shop, you've come to the right place! Keep following!
1. Dry Cleaning
Dry cleaning is one of the most famous businesses to start with 50k without a shop, as you begin from the comfort of your home. With the right equipment, you can provide valuable customer service and make a good profit.
The initial investment is relatively low, as you can always buy a second-hand washing machine or use your hands for a while. You'll also need detergents and other supplies to help you get started.
Once you have the necessary equipment, you can start washing and ironing clothing at home. Though you will need to transport the items to your customers, this should be easy if you can access reliable transportation.
Also, you could offer pick-up and delivery services for an extra fee. This would allow your customers more convenience and could increase your profits. You could easily turn this into a successful business venture with hard work and dedication!
2. Cap Washing and Starching
In Nigeria, the laundry services business is booming. This is due to the high demand for laundry services and the need for more reliable and affordable laundry service providers.
One of the most in-demand laundry services is cap washing and starching. Businesses and individuals who always need to have their caps cleaned and starched often use this service.
Since you can't afford to rent a space with your 50k capital, you can start from your home. Once that is settled, proceed to buy the necessary equipment. These include some bowls, starch, iron, and soap.
What next?! Start marketing your business to potential customers. There are many ways to do this, including posting on all your social media accounts.
If you can provide quality cap washing and starching services at a reasonable price, you'll make it big!
3. Social Media Marketing Agency
A social media marketing agency is one of the amazing businesses to start with 50k without a shop. The right strategy can be a great way to help companies reach their goals and build their presence on social media. However, you need to take certain steps to ensure success.
The first step is to create a business plan that outlines your objectives and strategies. This should include an analysis of the market, your target audience, and how you plan to reach them. You'll also need to decide which social media platforms to focus on and develop a content strategy to engage your followers.
Once you've established these basics, you can start creating campaigns and engaging with potential customers. Note that it's important to track your progress so that you can adjust your strategies as needed.
4. Cleaning Service
Cleaning services are always in demand, and you can start one with 50k without a shop. Yet, you'll need to purchase the necessary cleaning supplies, such as mops, brooms, vacuums, and cleaning solutions. You can also invest in equipment like pressure washers and steam cleaners if you plan to offer specialized services.
Once you have the necessary supplies, you can start marketing your services to potential customers. You can advertise on social media, create flyers, or even offer discounts to get the word out.
You should also consider joining a professional cleaning association to stay up-to-date on industry trends and gain access to resources that will help you succeed.
5. Dropshipping Services
Dropshipping is a great business to start with 50k without a shop. It involves selling products online without storing or shipping them yourself. Instead, you partner with a dropshipping supplier who handles your inventory and shipping.
You'll need to create an e-commerce website and find reliable suppliers to get started. You can then list the products on your site and start marketing them to potential customers.
It's important to note that dropshipping can be a competitive business, so you must always find ways to stand out from the competition. You can do this by offering unique products, excellent customer service, and competitive prices.
6. Supplying Eggs to Fast Food Vendors
Most fast food vendors in Nigeria cook eggs; it would be alright to be a supplier. You can start this business with 50k without a shop. You only need to purchase the eggs and transport them to the vendors. Also, you must find reliable suppliers, negotiate a good price for the eggs, and offer discounts or special deals to attract more customers.
It's important to ensure that you always deliver fresh eggs on time, as this will help you build a good reputation in the industry.
7. Freelance Copywriting
Freelance copywriting is another great business to start with 50k without a shop. You can offer your services to companies that need help creating content for their websites, blogs, and other marketing materials.
You'll need to create a portfolio of your work and market yourself on social media or job boards. You can also join freelance networks to find more clients.
However, copywriting is a competitive field, so you must always stay up-to-date on the latest trends and hone your writing skills to stand out.
8. Backyard Poultry Business
Another business we can't overlook is the backyard poultry business. You can start this business with 50k without a shop. But you must purchase the necessary equipment, such as feeders and drinkers, and find reliable suppliers for the chicks and feed.
You'll also need to create a secure space for the birds, such as a coop or pen, and ensure they have access to clean water and food.
Once everything is in place, you can start selling the eggs to local restaurants and grocery stores. And when it's the festive season, you can also sell the chickens.
9. Iced Block Business
The ice block business is a great opportunity for entrepreneurs in Nigeria and Africa to make a lucrative income. With the increase of fast-food chains across the globe, the demand for ice blocks has grown significantly. Research has revealed that one can earn between N250,000 to N300, 000 monthly from making ice blocks. This makes it an attractive option for those looking to start their own business.
Starting an ice block business requires initial investment and market knowledge. It would be best if you had a good marketing strategy to reach potential customers. Once these steps are taken care of, you can begin producing and selling your ice blocks at a profit.
10. Generator Repair and Servicing
Generator repair and servicing is a great business to start with 50k without a shop. With the increasing demand for electricity in Nigeria, there is also an increased need for generator repair and servicing.
You can start this business by learning generator repair and servicing skills. Then, you can buy the necessary tools and equipment and offer your services from home.
You can also advertise your services on social media to reach more customers.
11. Personalized Gift Shop
Starting a personalized gift shop with 50k is viable with careful spending. First, spend money on gadgets like a pc, printer, and heat press system. These tools will allow you to create custom designs on mugs, T-shirts, and extra.
Next, allocate money for the best printing materials and customizing blank merchandise. Search for dependable suppliers to get accurate deals on those objects. Even you can prioritize buying materials based on customer demand to ensure wise spending.
To attract clients, set apart a little money for advertising and marketing. Use social media to exhibit your personalized presents and reach potential shoppers. Engaging posts and phrase-of-mouth can work wonders in spreading the word near your reach.
With everything, ensure to watch your expenses to track your progress. You can keep reinvesting income to amplify your product variety and improve advertising efforts.
Starting small with 50k, you can gradually grow your personalized gift shop into a thriving business with dedication and creativity.
12. Mobile Car Wash
Another business you can start with 50K in Nigeria is a mobile car wash business. Yet, it calls for careful spending to make certain success. First, put money into essential cleaning items like vehicle shampoo, microfiber towels, and a transportable pressure washing machine. These items are crucial for turning in excellent service.
Then, allocate some budget for advertising materials like flyers and business cards. Promote your services inside the local community to attract clients. Also, use some cash to shop for a basic toolkit for minor vehicle detailing obligations. This could impress clients and add value to your services.
Set apart some cash for transportation fees, which include gas and upkeep for your car. Finally, spend money on a dependable mobile cellphone with internet access to handle client inquiries and appointments.
Consider starting small and reinvesting earnings to develop your enterprise gradually. With willpower and great service, your mobile car wash can thrive and extend over the years.
13. Online Tutoring
To start online tutoring with 50k, follow these steps accurately. Buy a very good-first-class webcam and microphone for clear conversation with college students. Secondly, create a simple internet site or use Zoom or Skype to conduct lessons. To avoid disruptions throughout classes, spend some money on a reliable net connection.
Next, use free tools and low-fee resources to create study materials and resources for your topics. Use social media and phrase-of-mouth to market your tutoring services without spending a lot of cash on advertisements.
Allocate a part of your price range for ongoing professional development to improve your coaching capabilities and stay current with instructional trends.
Ultimately, use a part of your investment to provide free trial classes to draw potential college students and build your recognition. As your tutoring enterprise grows, reinvest the earnings to enlarge your offerings and reach a wider target market. Starting with 50k can be sufficient if you spend wisely and focus on starting small for a start.
14. Events Planning
An event planning service might seem impossible to start with just 50k in Nigeria. However, if you follow these few steps, you can kick things with that amount. Since most things are now digital, it's best to follow that route too.
First, open a blogger website, which costs you zero naira, except for your domain name. Since the goal is to attract clients, you must run a few advertisements. Invest in social media advertising and marketing to meet a broader target market. Also, save money to buy workplace supplies, like a planner and stationery, to stay prepared.
Next, invest in appealing business cards and flyers to promote your business regionally. Use some part of the budget to attend networking activities and establish connections with potential clients and providers. Further, invest in a professional e-mail address and phone number to appear more credible.
With cautious spending and clever advertising, you could kickstart your event planning business with 50k and attract clients quickly.
15. Mobile Phone Repair
Another business you can start with 50k in Nigeria is to offer mobile phone repair services. This service, however, requires some skills, so you must have finished learning from your boss before considering it. Once that’s settled, let’s discuss your 50k investment in your new business.
First, allocate some budget to shop for vital tools and substitute components for common phone issues. These tools comprise screwdrivers, tweezers, spudgers, and display screen separators.
Buy good quality and dependable alternative parts for various telephone models. Then, set aside some money for advertising and marketing materials, which includes business cards and flyers, to promote your services. If you want to go digital and advanced, create an easy internet site or social media page to showcase your know-how and attract clients.
Also, invest in a reliable cellphone repair guide or online tutorials to enhance your skills. With cautious spending and focusing on offering exquisite service, you may set up a successful cell phone repair business and build a devoted customer base.
16. Online Reselling
To start online reselling with 50k, you could accurately allocate your money for essential needs. First, invest in product sourcing through shopping items at wholesale costs. Focus on a particular area of interest, which include fashion or electronics, to target a particular target audience.
Then, create an internet shop or use present e-commerce systems like eBay, Amazon, or social media marketplaces. Spend a portion of your budget on putting in an attractive and user-pleasant internet site. Use the rest of the price range for marketing and advertising to attain potential clients.
Social media ads and influencer collaborations may be effective methods to sell your products.
Additionally, allocate cash for shipping and packaging items to ensure smooth order fulfillment. Remember to keep track of your expenses and income to watch your business's progress. With cautious planning and budgeting, you could kickstart your online reselling venture efficiently.
17. Pet-Sitting Business
The pet-sitting business is another business to start with 50k in Nigeria without a shop. Yet, it calls for careful spending to maximize your finances. Since you don't have much and want to start small, you can create a little space in your home.
First, invest in basic pet care supplies like food, bowls, leashes, and toys. Those necessities will help you cope with the pets without difficulty. Create easy flyers and commercial enterprise playing cards to sell your offerings locally, and use social media to reach more pet owners. Offer competitive costs to draw clients, and use a little cash to print informative brochures about your services. Then, keep a budget for transportation to go to customers' homes or take their pets for walks.
Consider setting apart a small portion for insurance, ensuring you are covered in case of injuries. Focus on providing wonderful service to build a devoted client base and get word-of-mouth referrals. As your enterprise grows, you could reinvest in greater advertising and extend your offerings. With cautious making plans, your pet-sitting business can flourish within your budget.
18. Graphics Design
A graphic design business with 50k capital without a store can be performed from home. But the good thing is if you've got a computer system already. With a computer in sight already, you can manage the 50k for other things.
Invest in graphic design software programs and critical equipment in your work. Allocate some finances for a dependable internet connection to speak with customers and download design resources. Then, create a professional portfolio website to show off your work and appeal to potential customers.
Use social media to sell your services and meet a wider target audience. Spend a little money on marketing materials like commercial enterprise playing cards and flyers. To enhance your skills, remember to invest in online design guides or attend workshops.
Finally, save some money for emergencies or sudden prices. Via spending accurately and focusing on building a sturdy online presence, you could kickstart your graphic design business with 50k and flip it into a successful mission.
19. Online Fitness Coaching
If you’re a fitness enthusiast with little money, you can start an online fitness coaching business with 50k in Nigeria. You can wisely spend the money on essential tools and advertising and marketing. First, invest in a terrific exceptional webcam and microphone for clear communication during online classes. Next, create a professional website to exhibit your services and attract clients.
Use a part of the budget to enroll in online fitness platforms or social media networks to meet a wider audience. Create enticing content, like exercise videos and tips, to establish your expertise. Allocate funds for online advertising and marketing to promote your coaching services correctly.
With the remaining money, offer a free trial or discounted classes to lure potential customers. Focus on constructing a sturdy online presence through regular social media updates and blog posts.
By wisely spending the 50k on the proper equipment and powerful advertising, you could launch your online fitness training business successfully and begin helping people achieve their fitness dreams.
20. Handmade Crafts
If you love creating things with your hands, you can take it to the next level by starting a handmade craft. Don't worry if you can only raise 50k for this business, as it's okay. All you have to do is spend money on crucial crafting materials like beads, fabrics, and tools.
Spend wisely on quality materials to ensure exceptional output. Next, create an easy online presence, like a social media page or website, to exhibit your crafts. Use the remaining finances to promote your products and meet potential clients via centered advertisements or local craft markets.
Focus on making unique items to stand out from the others in the field.
As you begin selling, reinvest earnings to shop for more materials and increase your offerings. Remember, starting small and developing progressively is prime to achievement. Stay passionate, engage with clients, and supply top-notch crafts to build a loyal following and a thriving handmade crafts business.
21. Home-Based Bakery
The last on our list of the businesses to start with 50k without a shop is a home-based bakery. With clever money management, starting a home-primarily based bakery business with 50k without a shop may be plausible. First, invest in vital baking equipment like an oven, mixing bowls, measuring tools, and baking pans. Allocate finances for first-rate ingredients, which include flour, sugar, butter, and flavors.
Then, spend wisely on packaging materials to give your products a professional touch. Create an appealing brand emblem and packaging design using affordable image design tools.
Next, set aside cash for advertising efforts, including social media promotions and flyers, to reach potential customers. Use your network to unfold the word about your bakery. Moreover, create an easy website or social media to show off your merchandise and take orders online.
Remember to prioritize hygiene and get important permits for operating a home-based food business. Finally, keep unique financial information to monitor expenses and earnings successfully.
With careful planning and clever spending, your private home-based bakery can thrive, delighting customers with delicious treats from the comfort of your kitchen.
We hope you enjoyed this article on what business you can start with 50k without a shop. There are many great opportunities, and with the right knowledge and dedication, you can make your dreams of becoming an entrepreneur come true. Good luck!