Inflation is on the rise, and the economy is increasingly unfavorable. However, despite the current state of affairs, you don’t have to break the bank to start a business.
With just 100,000 Naira, or even less, you can launch a profitable venture in 2025. Here are five ideas to inspire you.
1. Thrifting
The thrift market, popularly called “Okrika,” is thriving, especially as inflation pushes people to seek affordable alternatives to new clothing. While you can deal in all kinds of thrift wear, focusing on a specific category helps you stand out and build a loyal customer base. For example, you could specialize in denim or gowns for slim ladies. Niching down gives you an edge as customers begin to see you as the go-to expert for that specific category.
Having an online thrift store, rather than just a physical one, is very important as it enhances your accessibility and professionalism. Just because it’s a thrift store doesn’t mean it should appear shabby. Even people with higher incomes often shop at thrift stores, so presentation matters.
Take high-quality photos of your items, use props to enhance their appeal, and post consistently. Offer excellent customer service, stay active on social media, and build a reputation for quality and reliability. With time, referrals will come pouring in, and your business will flourish.
2. Fruit Juice Business
Starting a fruit juice business is one of the simplest and most profitable ventures you can explore. The juice industry in Nigeria is on the rise, with projections indicating significant growth in the coming years.
According to Statista, Nigeria’s juice market is projected to grow by 14.01% from 2025 to 2029, reaching a market volume of $8.38 billion by 2029. Starting small, you only need a juicer, a blender, and a freezer. If you don’t own a freezer, you can use ice blocks or store your juices in a trusted friend’s freezer until you can afford one. Choose a cost-effective location, such as your home, to keep startup costs low.
One of the main determinants of how successful your fruit juice business will be is how thoroughly you research and prepare before starting.
Research where to source fresh fruits, how to preserve them, how to package your juices to attract customers, etc. Neatness is non-negotiable as poor hygiene can ruin your reputation, so prioritize cleanliness at every step. Also, a strong online presence and attractive packaging will help you stand out in the competitive market.
3. Cleaning Services
With busy schedules, many high-income individuals are willing to pay for reliable cleaning services. To attract such clients, professionalism is key. Start by creating a business card and setting up a professional Instagram account. This way, potential clients see you as trustworthy and capable.
Go to affluent neighborhoods and introduce your services. This door-to-door marketing approach works, but a strong social media presence is even more effective. You can post testimonials, before-and-after cleaning pictures, and updates about your services to build trust and attract clients.
Networking can also go a long way in boosting your cleaning business. Hand out business cards during face-to-face interactions to leave a lasting impression. Once you gain a few high-paying clients, referrals will follow, and your cleaning business can become a steady source of income for you and your family.
4. POS Business
With limited access to banks and ATMs in some areas, more and more people rely heavily on POS agents for cash withdrawals, transfers, and bill payments. Depending on your location and the volume of transactions, you can make anywhere from 3,000 to 10,000 Naira daily.
To start a POS business, you’ll need a POS machine, which can be rented or purchased from banks or fintech companies, and a small setup; either a container or even just an umbrella and table. You may also need a banner to advertise your services.
The beauty of the POS business is that it’s open to everyone, whether young or old. It requires minimal skills and can be managed alongside other ventures.
With low startup costs and a growing customer base, it’s a stable and easy-to-manage source of income. Plus, you provide a valuable service to your community, which builds trust and loyalty.
5. Dropshipping
Dropshipping is a great option if you want to sell products without handling inventory. Here’s how it works:
Imagine you have an online store that sells T-shirts. Instead of buying and storing 100 T-shirts in your house, you find a supplier. When a customer orders a T-shirt, you forward the order to the supplier, who ships it directly to the customer. You only pay the supplier after receiving payment from the customer. Your profit is the amount left after covering the supplier’s cost.
This business model allows you to sell products without inventory. While it usually requires some investment, there are free tools and platforms to help reduce startup costs. It’s an easy business to start, with plenty of online tutorials to guide you. Dropshipping is ideal for those who want to earn money without handling the products themselves.
With consistent effort, dropshipping can be a reliable way to make money without the hassle of managing inventory.
These five business ideas are proof that starting with a modest budget of 100,000 Naira or less is achievable in 2025. With careful planning, creativity, and dedication, you can create a profitable venture that grows over time.
