10 Profitable Businesses Nigerian Students Can Start With 10k, 20k, Or 30k In 2024

Starting a business as a student in Nigeria can be a fantastic way to gain financial independence and develop entrepreneurial skills.....CONTINUE READING THE ARTICLE FROM THE SOURCE

With as little as 10,000 Naira, 20,000 Naira, or 30,000 Naira, you can launch a profitable business. Here are some business ideas tailored to secondary school and university students:

1. Selling Snacks (10k Naira)

Snacks like peanuts, cashew nuts, buns, and other small edibles are always in demand. Whether you’re in secondary school or university, you can start a snack-selling business with just 10,000 Naira.

Purchase Ingredients: Buy ingredients in bulk to save money.
Prepare at Home: Make the snacks at home to reduce costs.
Sell to Peers: Sell them to your classmates during breaks or at events.

2. Reselling Textbooks (20k Naira)

Textbooks are essential for university students, and there’s always a demand for them. With 20,000 Naira, you can start a textbook reselling business.

Bulk Purchase: Buy textbooks in bulk from university bookshops.
Resell to Students: Sell them at a slight markup.
Used Textbooks: Source used textbooks from graduating students to resell.

This business is especially viable at the start of a new academic session.

3. Selling Cosmetics and Deodorants (10k – 30k Naira)

Cosmetics and personal care products are always in demand. With 10,000 to 30,000 Naira, you can start a small-scale business selling items like deodorants, lotions, and makeup.

Wholesale Purchase: Buy products from wholesale markets.
Sell to Friends: Offer them to your classmates and friends.
Online Presence: Create a presence on social media to reach a wider audience and take orders online.

4 Airtime and Data Selling

With the increasing use of smartphones, selling airtime and data can be a lucrative business. Start with 10,000 Naira by purchasing airtime vouchers from telecom providers at a discount and reselling them at the standard price.

Airtime Vouchers: Purchase airtime vouchers at a discount.
Data Bundles: Offer data bundle services.
Simple Business: This business is straightforward and can be run alongside your studies.

5. Thrift Clothing (20k – 30k Naira)

Thrift clothing, also known as “okrika,” is a popular business among students. With 20,000 to 30,000 Naira, you can purchase second-hand clothes in bulk and resell them to your peers.

Bulk Purchase: Buy second-hand clothes in bulk from markets.
Trendy Items: Focus on trendy and high-quality items.
Social Media: Utilize social media platforms to showcase your products and take orders.

6. Mobile Phone Accessories (20k Naira)

Selling mobile phone accessories like chargers, earphones, phone cases, and screen protectors can be a profitable venture. With 20,000 Naira, you can buy these accessories in bulk and resell them at a profit.

Bulk Purchase: Buy accessories from wholesalers.
Target Market: Cater to the tech-savvy student population.
Online Sales: Expand your reach by selling online.

7. Printing and Photocopying Services (30k Naira)

Offering printing and photocopying services can be a great business, especially on university campuses. With 30,000 Naira, you can purchase a small printer and a photocopy machine.

Buy Equipment: Purchase a printer and photocopy machine.
Campus Location: Set up a small shop near your campus or operate from your hostel.
Constant Demand: Students constantly need to print assignments, projects, and lecture notes, making this a steady income stream.

8. Event Planning and Decoration (20k – 30k Naira)

If you have a knack for organizing and decorating, starting an event planning and decoration business can be very rewarding. With 20,000 to 30,000 Naira, you can buy essential decoration materials and start offering your services.

Decoration Materials: Buy essential items for decorating events.
Offer Services: Provide services for birthdays, parties, and other student events.
Word-of-Mouth: Grow your client base through word-of-mouth and social media.

9. Hairdressing and Barbing Services (10k – 20k Naira)

If you have skills in hairdressing or barbering, you can start offering your services to fellow students. With 10,000 to 20,000 Naira, you can buy basic tools and supplies.

Buy Tools: Purchase essential tools and supplies.
Offer Services: Provide home services or set up a small salon in your hostel.
Referrals: Grow your business quickly through referrals and satisfied customers.

10. Digital Services (10k – 30k Naira)

In today’s digital age, offering services like graphic design, social media management, or freelance writing can be highly profitable. With a laptop and an internet connection, you can start offering these services with minimal capital.

Laptop and Internet: Ensure you have a laptop and reliable internet connection.
Offer Services: Provide digital services such as graphic design, social media management, or freelance writing.

Find Clients: Use platforms like Fiverr, Upwork, and social media to find clients and build your portfolio.

Conclusion

Starting a business as a student in Nigeria doesn’t require a huge investment. With 10,000 to 30,000 Naira, you can launch a variety of businesses that cater to the needs of your peers and local community.

Choose a business idea that aligns with your interests and skills, and take the first step towards financial independence and entrepreneurial success. Good luck!