Being a student in Nigeria does not preclude you from pursuing entrepreneurial opportunities. In fact, with a budget of 20,000 Naira, you can start many businesses right now. These endeavors not only give you actual experience but also allow you to earn some extra money. This blog post will look at six business ideas you can start with 20k as a Nigerian student.
1. Tutoring Services
Tutoring services might be lucrative if you excel in a subject or have knowledge in a particular area. You can help fellow students or even younger pupils in your neighborhood by conducting one-on-one or group tutoring sessions. Concentrate on mathematics, English, and science disciplines, or teach music or art.
Then, spread the news by word of mouth, social media platforms, or by distributing fliers across your school and town. So, the only things you'll need to spend money on are the fliers!
2. Graphic Design Services
If you have a creative streak and access to a computer, beginning a graphic design service might be a lucrative business. Many individuals and businesses need logos, flyers, social media graphics, and other design items.
Use free design software and web platforms to exhibit your work and attract clients.
Then, create a portfolio by offering your services at a discount to build experience and positive feedback.
3. Mobile Phone Accessories
Another business to start with 20k as a student in Nigeria is selling mobile phone accessories. The rise of smartphones creates a substantial opportunity in the market for mobile phone accessories. You can start a business selling phone cases, screen protectors, chargers, or earphones for 20,000 Naira.
To maximize your budget, look for vendors who offer wholesale prices. Promote your products on social media channels, local online marketplaces, or by collaborating with existing retailers.
4. Snack Vending
A small snack vending cart or kiosk near your school or a popular area might be a profitable investment. Invest your money in popular snacks, candies, or beverages among students and professionals. Ensure that you have all the essential permits and authorization to operate legally.
To attract consumers during breaks or after school hours, advertise your vending services inside your school and on social media sites.
5. Laundry Service
Another business to start with 20k as a Nigerian student is laundry service. With students' and professionals' hectic schedules, laundry service is constantly in high demand. So, offering to wash and iron your classmates' or neighbors' clothes is a good idea.
Begin by investing in basic laundry supplies such as detergent and ironing tools. Then, promote your services at your school, hostels, or social media groups.
Consider expanding your services to include pickup and delivery alternatives as your company expands.
Starting a business as a student in Nigeria on a shoestring budget is a thrilling and empowering experience. You can gain financial independence and valuable entrepreneurial experience with these business ideas. However, commitment, hard work, and smart marketing methods are essential for success. Best wishes on your entrepreneurial venture!