Businesses You Can Start With 5,000 Naira or No Money at all

I hear people everywhere say times are hard and you reading this post may have joined them in confessing that. I said it before too until I ...

I hear people everywhere say times are hard and you reading this post may have joined them in confessing that. I said it before too until I realize I'm doing more harm to my self confessing the negative. That being said, I'm not writing to preach to you but to show you what you can do with as low as 5,000 Naira or maybe nothing at all and make some money on the side if you have a job or not.

Most of these will work if you own a house or a rented apartment or if you live with someone who can allow you use an extra space.

To begin, ask yourself what can 5,000 really do for you at this time that purchasing power has dropped drastically? 5,000 may take you for a week as a family of four that is if you fast most of the days in the week and two weeks if you live alone; that is if we remove transportation cost from the 5,000. It gets worse if you live and work in a cities like Abuja, Port-Harcourt or Lagos where cost of living is high.

Down to the business. We all can attest to the fact that 5,000 is rather small compared to your needs but it can be a source of empowerment: a source of extra cash if you diligently put it to proper use.

#1. Sachet Water Dealer

Top on the list of what you can do with 5,000 as I compiled it is be a sachet water distributor or seller. Sachet water popularly known in Nigeria as pure water is in high demand, most people can afford to buy as it's cheap and accessible.Yes, you can do it! If you have a house with a front yard or veranda you can do it. You don't have to pay for transporting the product or sweat to get the product. You only have to

  • go to a sachet water company close to you, 
  • register as a dealer, 
  • give them directions to your location, 
  • get their contact, 
  • receive your first order, 
  • tell your neighbors you now sell water and 
  • begin to make money. 

A bag of pure water now sells for about 70-80 Naira from the company which they will deliver to you without any cost of transportation from you. You sell a bag to consumer at 100 Naira flat or 200 Naira if you sell refrigerated in bits. 5,000 will buy you 50 bags for a start. You may not buy up to 50 bags if you are scared of leakages or not having enough storage space.

if you do this well, you can make your 5,000 back in less than 2 weeks.

#2. Buy and Sell Mobile Recharge Vouchers

There's no doubt mobile phone use has sky-rocketed in the last few years and the trend seems to be increasing with more and more people getting technologically inclined and mobile network companies offering cheaper services. You can buy recharge cards or vouchers in bulk and sell in pieces. A little sign in front of your house saying recharge cards available here. You can start with as much as you can afford.

You can start with as little as 5,000 or more if you can. In order to make this work you have to be disciplined. Make sure you don't load the cards for use on your phone, don't touch the money you get from sales except if you want to buy more cards, don't sell cards on credit as the profit is not much. If you follow this principles you will realize significant profit and possibly expand your business.

#3. Laundry Services

This very one is a nice one that any young man who really wants to earn a living can do. Walk up to working class guys around that you know may not have time to wash their own clothes due to busy schedule or don't just like washing, introduce yourself convincingly (no one wants give their nice clothes to someone to mess them up), get their clothes and wash. You may invest little money in getting coal iron in case you don't have steady electricity supply in your area. I have a guy like that in my area, now he gets more clothes than he can wash, he no has boys working for him to wash, iron and package finished jobs; he even got a washing machine all within a very short period. He washes shirts and trousers at 150 Naira each including starching an ironing, native wears from 200 upward. He may deliver to you or you pickup yourself depending on the agreement you made.

It is a very nice business with no investment other than bar soaps and detergent, water and iron. You may also need to get plastic buckets and containers for washing. These listed above wont cost you much and you can make serious money from it and grow.

#4. Start a Home Lesson

Home lesson is a money making activity without investing any money per se. I know you have invested in getting education that is about the only investment you have to make for your education to start paying you back. I see lots of graduates out there jobless and are doing all they could to secure a job but wait a minute, why not channel all that energy at doing something for yourself while you wait for a call from the prospective employers you've applied to?!

Starting a home lesson can be as simple as just make yourself known. Parents want extra tuition for their kids but most times think about the cost and just settle for all they get at school. You may just be the end to their trouble. Offer home lessons for a very affordable amount per day, week or month as you think ok for you. All you need is location and hey, you have a veranda or an open space in your compound that you can use, problem solved. You don't have to invest much capital except maybe a white or black board and markers or chalk as the case maybe.

I hope someone out there is a little inspired or motivated by this little piece.

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Benjamin Olajide's Blog: Businesses You Can Start With 5,000 Naira or No Money at all
Businesses You Can Start With 5,000 Naira or No Money at all
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Benjamin Olajide's Blog
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