The fact, that you have 200k is not a guarantee of what will make your business successful even if is a lucrative business, however, there are certain factors that you need to consider before investing in any business opportunities such as:
• Your passion
• Your environment
• Strategic plan or Focus on long term plan
• Marketing skills whether for products or services
• Risk taker
1. Exercise book production and printing
Oh! During my visit to Abuja in 2020 last quarter, I visited Area 2 where I studied the printing and publishing business; I met a printer that is now my friend with 10 youths that he was training on exercise book production and 5 more on printing job (tempted to call name).
It was then he mentioned to me that he started the business with nothing while emphasising that any youth can start this business with less than 200k.
He gave me reasons why is a good investment opportunities because people print on a daily basis.
For example, schools, bookshops, host of different occasions like birthdays and burials produce exercise books.
If I’m to start this business, I will train with him due to his patience in training the youth while revealing all the tips/tricks in the business for them to be successful.
2. Barbing salon.
You need a business plan with this one for Abuja resident, I was in Abuja so had the need to cut my noodle’s hair while I casually ran into one barbing salon thinking it will be around the neighbourhood of N500 only for me to be charged freaking N2,000.
Following this, I decided to study the barbing salon business and interview some of the barbers in Abuja.
It will interest you to know what I found out, please fasten your seat belt for this ride:
• There was no degree qualification skills needed but spent 3 Months to learn,
• All class of people visit the salon for nothing but haircut to enhance their looks (the cute nippers, the big men and the mighty women) due to the location,
• They all have the same equipments like sterilisers, clippers while some people still visit with their own clippers and hey, they sell clippers
• Other things like hair treatments and dyes as well.
As you may have noticed barbing salon isn’t only for male folks whereas women folks even children do visit barber’s shop.
• They charge different prices depending on your location and shop setting
Barbing salon is a lucrative business to start with 200k in Abuja and that of successful businesses in Nigeria.
3. Football viewing center
Sometimes we wonder especially non-football lovers; why people gather in a match viewing centre to watch football when they have televisions at home.
It is clearly because they enjoy it on a larger screen, argue with follow fans, drinks and eat. That is why match viewing centre is a business to start in Abuja.
You can start with any amount 200k, 300k, 500k even 1million Naira but the key is that you must position your centre in a strategic location, attach other related business to the match viewing centre or outsource it for it to be profitable and yield high revenue.
There are so many lucrative businesses to start with 200k that can be incorporated such as selling drinks, African cuisine kitchen and mini bar
4. Mobile phone and mobile phone accessory business
Similar to that of phone repair, mobile phone and phone accessories are lucrative businesses to start with 200k in Abuja. These business ideas is a lucrative and successful business one can start in Nigeria given that many Nigerian love phones and move with more than one phone.
As there are a lot of phones in circulation same is applicable to the demand for phone accessory business.
You don’t need any college qualification to start this business but you can acquire the skill from successful established mobile phone and mobile phone accessory business person.
There are mobile phone accessories that you can start with such as ear piece, charger, pouch and screen guard maybe in the long run; you can stock up some expensive mobile phone accessories like screens and power bank.
One other thing, if you are to start mobile phone and mobile phone accessories business, you will need a very business location and consider sourcing for your products from China as other business people do.
Additionally, you can attach some related phone business like phone repairs and that will be a good combination while you continue with your phone accessories business.
In fact, Food or mini restaurant business is profitable business to start in Abuja but in Mini form due to capital of 200k.
Many people cannot afford to have their meals in a standard restaurant in Abuja due to their prices, so you will be willing to serve this class of people or market, if you set up this business with your little capital.
You need a good location while serving profitable food to your customers. Location can be a very busy area; the structure can be open space or kiosk.
By the way, mini restaurant is a lucrative business with small capital of 200k. Some mini restaurants serve their foods with complementary pure water or bottled water but creatively build the cost in the food.
Meanwhile, in the long run when is very profitable you can move to a higher structure then have the habit of saving and reinvesting your profits.
6. Laundry and dry cleaning
Again, is a business that is gaining attention right now because people don’t have time to wash their clothes anymore as well as cleaning their homes.
As a matter of fact, I always tell people who wants to venture into this lucrative business to make their own detergent as detergent forms heavy overhead cost.
As you can see is a lucrative idea to start in Abuja for less than 200 thousand Naira. You can start dry cleaning business at a busy residential area with open space that you can spread clothes.
That is to say if you reduce cost your revenue will go up but don’t forget to maintain your quality.
7. Car wash
Surely, you will agree with me that most people don’t have time to cook or clean their homes then how do you think they will have time to wash in and out of their vehicle. People who can’t do the basic can’t wash their cars either. There are lot of cars on the roads on a daily basis.
As you can see, it’s obvious that car wash business is one of the lucrative business ideas that you can start in Nigeria with 200k.
Similar to that of dry cleaning service requirements, you will need a good location with water supply, then add up some small business as side attraction like that of football viewing centre but in this case lot of people will relax there while waiting for their car to be washed.
In short, in the future you can expand to selling car accessories even other moveable engines and is a profitable business to start in Nigeria with little capital.
8. Home-based business
You need to identify small business idea from the list below, you need to incorporate the company with appropriate bodies like CAC, NAFDAC and so on then create business bank account, market the business offline and online.
One of the easy side or hobby or hustle small businesses one can start at home for 200k. There are a lot of home based business ideas you can start today, it can be product or service based.
Moreover, check out home based businesses you can start with very little capital 200k in Abuja such small businesses are:
• Teach online classes
• Online services
• Dropshipping store
• Sell homemade products
• Buy bulk products at cheaper rate and sell online
You need to combine your skills and talents to be successful in starting a home based business as well as having a business plan.
9. Importation of second hand or Fairly used products
Needless to say, that Nigerian economy is hard and unfavourable to some people given the GDP.
The population of the people below average poverty is above 50% so those are the people that practically patronise fairly used goods so you can target that number and the population keep growing rapidly.
Subsequently, if you are looking for small business ideas with low capital of 200k but high profits to start them invest in this thriving business idea, because you buy very cheap and sell at your chosen price due to no controlled or regulatory price.
As a matter of fact, farming business is a very profitable business in Nigeria now due to the prices of produce. There are so many farming business ideas for young entrepreneurs to start such as, livestock farming, poultry farming, plantain farming, snail farming, cassava farming, rice farming, vegetable farming, pepper farming, tomato farming, fish farming and so on.
For example, if you want go into livestock farming, you need to identify which livestock farming that you have the knowledge and interested, as well as identifying its problems in Abuja before venturing into any of livestock farming business.
If I remember rightly, there are some small funding options and business grants for business people in this sector from the government which you can access.
I dare to say that Abuja residents consume a lots of meat or meaty treats such as Asun, Nkwobi, ponmo, suya, shawarma, fried beef and chicken then milk and eggs are not left out on a daily basis.
Therefore, starting livestock farming or farm animals for the purpose of obtaining the meats and its produce as well as selling the breed to breeders will be a successful business.
11. Fumigation Business
Another profitable businesses that requires minimum starting capital of few thousand Naira.
You need to acquire the basic knowledge and determine the type of fumigation business service that you will render. Starting this business in Abuja even Lagos will be a thriving business idea given its population and environment.
This business is booming as many startup are coming up as companies, factories, farmers while some homes need fumigation services; most factories or production businesses need the certificate to document for environmental and health agencies
12. Social media manager
Sure, you can become a social media manager if you have the skill otherwise you can acquire the skills. Is no longer News that companies concentrate on marketing their products and services online through social media.
The problem with companies managing their social media is that it waste time while they concentrate on it against focusing on their core strength.
Now, companies decides to outsource it to as a social media manager to manage for them by offering social media strategy from creating amazing contents to engaging their audience and converting the engagement to sales.
You have to be familiar with popular social media accounts such as Facebook, Instagram, Youtube, Twitter, Pinterest and so on for digital marketing.
Another way to these business ideas with small capital is it requires your time and patience by posting contents on your personal page that can engage people
13. Catering services
In fact, if you have any cooking skill then catering services are lucrative businesses to start in Abuja even in other cities in Nigeria.
There are ways of running catering services either you listing the ingredients needed for your client and charging your labour fees or charge everything to provide the food following the guest numbers per plate.
And also, you choose location where to prepare the meal maybe your location then delivered to the customer or prepared at customers location.
14. Daycare center or crèche
There is no doubt that you won’t make decent money from day care.
For example, my sister was surfing for the day care where she will register her 5 months old baby to my greatest surprise she was handed over a sheet of paper with the fees, daycare 300k and 5k for registration, behold someone came to pay for her two kids.
For this reason, if you like children you can start this business from your home with 200k in Abuja. Business people and corporate workers will patronise you.
15. Rental service
No doubt that rental services will make the list of those businesses that you can start in Nigeria with 200k.
Most people that attend whether invited or uninvited guests are looking for a way to shed off stress by meeting new or old friends, eating, laughing and dancing.
Generally speaking, Nigerians like parties (indoor and outdoor parties) and entertainments.
On the whole, if the business is thriving and sustained then include cooling van and other things.
You can start with 200k and invest in things that you need presently for rental services such as ice block container or supplying of ice block, tables, canopies, cooking utensils, serving plates, decoration accessories, chairs, plates, cartoon characters and cutleries.
For this reason, you can network your business to through social media. Is a business you can do as part-time or full-time.
16. Cleaning business
There are many other lucrative businesses to start under cleaning business in Abuja. Many people are working class and are tired of the nanny or house help arrangement so they decided to outsource their home cleaning and corporate cleaning to agency.
If you don’t have the skill you can acquire it and market it to your network.
One of those businesses in Nigeria that you can start with less than 200k so you can acquire home and office cleaning equipments such as cleaning detergent that forms the major cost
In the long run, you can employ staff but make sure you carry out security check on them to avoid losing your goodwill because of stealing. You can extend your corporate cleaning business to event centres, schools and hotels.
17. Web design services
We are in the era of having beautiful and functional website. This includes WordPress website and ecommerce solution.
Therefore, it becomes very vital for modern web design which is more involved that creating attractive website.
There are modest design tools for website design and development that you can use to make your work look like a professional website
If you are starting this business in Abuja, you need to consider user experience and search engine optimization.
By the way, if you need a website, I can make one for you
18. Affiliate marketing
Affiliate marketing is when you use your affiliate links to promote companies or individual products through social media or website; it is lucrative small business that you can start in Abuja with 200k.
As an affiliate marketer you need bear in mind not to market products that you are not sure because you want to earn income within that period and dent your reputation in the long run.
Abuja has lots of small businesses that you can promote their products online through online affiliate marketing.
19. Clothing business
Clothing production business is booming right now in Nigeria with aseobis and owambes. There is always one function to the other as usual or one activity to another, you name it.
If you know how to sew professionally, lucky you but you can still acquire the skill if you are interested and passionate about making clothes as a fashion designer.
You can start clothing business in Abuja with less than 200k capital because people must cloth themselves and equally be trendy.
If you decide to start this profitable business consider niche market unless you have little money then look into reselling other brands while looking out for small funding options or available business grants to apply for as well as saving and reinvesting your profits from the resell until you launch your own brand.
20. Importation business
Oh yes, you don’t need to have all the monies in the world to fill up a container or start importation in Abuja, just start with 200k that’s why I can call it mini importation.
God bless you if you have followers engagement on social media before you start this business, so is easy for you to use for advertising and disposing your products.
Importation of wears is a very lucrative business but you need to consider importing trending clothes, exchange rate and clearing fees to know your landing or selling price.
For instance, I send goods to Nigeria from China on a daily basis, lot of people including young businesspersons like you start importation business with practical nothing and make millions within a short while.
Abuja people like buying and placing orders as quickly as possible same with Lagos residence that means they are selling due to high demand.
In addition, you need to import products that people need; you can check trending products online so you can be guided as well as their prices and related products.
Believe it or not, people start this business with less than 100k, 200k, 300k, 400k and some even start with 500k then make huge profits given the inflation in Nigeria is not limiting them.
21. Natural Honey
Natural honey is one of the businesses in Nigeria that one can retail or export or wholesale. Similar to that of palm oil
Starting this business with two hundred thousand Naira is enough unless the raw honey business idea is the one where you want more money by adding value.
Additionally, you need to source your original honey from bee keepers to avoid selling adulterated honey. The demand of honey for various needs made it easy for you to make money
22. Cosmetics production and sales
Cosmetic production and sales are lucrative businesses to start in Abuja. Many people are using cosmetics to enhance their beauty including the men.
You can start formulating organic cosmetic as its trending right now but you need to have the skill and it’s a good profitable investment as people must always use cosmetics or retail some good cosmetics from other brands.
Not to mention this, people believe that if you are not fair then you are not beautiful, so many people are bleaching their skins to be fair. You see this belief even in Lagos.
Starting this business with 200k in Abuja will be very profitable as you will recoup your money in a short while.
23. Event planning
Abuja is another activity filled place likewise Lagos and Port Harcourt in Nigeria.
Looking to start one of the best businesses in Nigeria with low capital, then check event planning especially in major cities for 200k.
You need organisational and good planning skill to sustain this business as well as other vendors contact to outsource such aspect of the event like DJ, caterer, Baker, fashion designer, retailers for drinks, pure water and bottle water supply and not limited to other request by the host.
You will involve in event planner services like ranging from fundraising, house warming, child dedications, naming ceremony, birthday, burials, weddings and other parties.
When it comes to planning an event in Abuja, You charge any amount and make lots of money as Abuja people don’t mind provided you can deliver an outstanding event same with Lagos.
24. Retailing business
First of all, I need to remind you that Nigerians depend on retail business rather than manufacturing business.
Also, since the arrival of E-commerce in Nigeria. Many people have continued to patronise retailing business ever than before so you can start your own retailing business.
It can be online or offline by supplying any product that you can obtain from the manufactures or suppliers and adding value to it by packaging.
You can retail any products; it can be edible or non-edible but not limited to food stuffs like rice, indomie noodles and grocery
25. Graphics design
Just like that of web design service, it follows the same pattern of web design where you as a professional create visual content to communicate the ideas through imagery.
There is huge market for you in Abuja as many companies and SMEs need graphic design.
26. Fashion design
Another creative business that you can start with low investment. Fashion in Nigeria is growing on a daily basis and Abuja is a fashion hub.
However, fashion design has different aspect that you can go into such as ready to wear, kids clothing and female clothing.
Fashion design is a business you can invest in within Abuja but you need to be creative that will allow you charge any kind of fee because you are the creator so creativity is the watchword.
27. Perfume business
You can’t sell fragrance everywhere so you need a planned location where the targeted people that like to smell good are.
Perfume business is a business opportunities that you can start with 200k in Abuja.
Meanwhile, you can decide to make your own fragrance business and brand it but you need to acquire the skill from a successful person in the business.
With this in mind, if you have to produce your own fragrance even oil, you need a catchy attractive packaging and create a business plan.
Here are some interesting lucrative profitable businesses in Nigeria that you can start with 200k and be successful within a short while:
28. Luxury hair extension and wig
29. Business centre
30. Corporate gift items
31. Keke Napep
32. Makeup Studio
33. Book shop
34. POS services (Mobile agent)
In conclusion, if you are to start any of the business ideas with 200k in Abuja Nigeria featured in this post.
First of all, check out our previous article on 60 Lucrative Successful Business to start with 100k in Nigeria 2021, so that you can be guided properly.
Have any business ideas of your own? Share them with us in the comment section below.
If you enjoyed this article, share it with your friends and colleagues!