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.
Conclusion
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!
