You may be asking this questions severally in your mind that how can you start a business with 20k and make huge profit out of it? well its possible, in this article, am going to tell you 10 good businesses you can start with just 20k in this present situation of lock down. There are businesses you can start with as little as #20,000 and make huge profit from it. If you have no idea of what to do with 20k, am going to tell you 10 businesses you can do with the money and if you've always thought of having a small scale business, money and idea shouldn't be your problem again, all you need to do is just to check your bank account, if you find 20k, you are not going to lack money again, you can consider a profitable business that will give genuine financial freedom.
Starting up a business in this present situation of lockdown issue is very good, when you start one of these businesses, you will always smile to the bank, you will always be happy because you are going to make huge profit from the business when you start it appropriately.
Here Are The 10 Businesses You Need To Know
You can start one of these businesses with just 20k
Here are the businesses;
1. Snail Farming
Snail farming is one of the businesses you can start with just 20k, snail farming in Nigeria is even more popular due to its relatively cheap cost of start up and if you market your products well, your business will be big. It is a business you can start from your backyard, the only problem is that snail takes almost a year to mature but if you can be patient, you will overcome it and you will smile at last because snail has a huge profits.
2. Poultry Farming Business
I have someone that start up this Poultry Farming business with just #11,500, though he started it from his compound but now he has started making huge amount from it especially from the products which is their eggs. Poultry Farming is one of the businesses you can start with a little capital, when the chicken started producing eggs, you will be surprised because you will be making a lot of profit from it, you can even be an wholesalers for the big restaurants and those who sells eggs in retails. So Poultry Farming business is one of the businesses you can start up.
3. Home Cooking And Delivery
If you can cook a variety of meals very well, you can apply customer service, people will be paying good money for your services. You can look for who were into this business so that you can get proper training and how to start up the business from them. Get proper training before you can start up this business.
4. Bead Making Business
Before you can start up this business, all you need more is training, get trained from an experienced bead maker so that you can be put through into this business. You all need training, passion, creativity, unique designs, styles and then adequate marketing. So you have to get a bead making consultant in order to put you through.
5. Tutorial Classes
We all know that in this type of pandemic issue, schools were shut down, so you can start up a tutorial classes. No matter your age, this is another well paying job all what you need is to focus, almost all parents want a coaching class for their children especially in this time around, you can just advertise yourself by writing some quote in front of your house that "there is a coaching class here", am very sure almost every parents will be willingly to get a coaching class for their children.
6. Production Of Zobo, Chinchin, Cupcakes, Cookies and so many other flour products
You can start up this business, you may get a training or better still you can watch it on YouTube, you may not spend all 20k on this business, you may start producing it from your home and start selling it, you may even be an wholesaler of the business, the business has a good profits.
7. Cleaning Services
Some people find it hard to clean their apartments just because they are busy, all you have to do is to get a cleaning tool and start the cleaning services which will fetch you more money and you will smile to your bank when you have more money in your bank account.
8. Mobile And Electronic Accessories
The mobile and electronic accessories such as Pouches, Charger, USB cables, earphones and so on brings more profit when you start selling it. You can start the accessories business with just 20k and you will be surprised when you are making huge money from it.
9. E-Payments and POS Business
You can easily get POS machine from your bank and activate online banking, assuming, you are living in a place where banks are not much, you can handle e-payments for people and make your small charge. If someone want to withdraw 10k from POS, you are going to charge him/her #200, this business is very good where people are many e.g ikorodu Lagos.
10. Popcorn Business
Popcorn machine is very easy to buy, this popcorn aroma will attract its cuitomers, you can easily start up popcorn business with low capital and makes huge money out of it
With all these steps, I hope I have been able to convinced you that you can start up a business with just 20k and you will make huge profit from it..
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