25 Businesses You Can Start with ₦10,000 in Nigeria As a Student

If you are a Nigerian student who has only ₦10,000 to start a business, don’t worry, I’ve got some amazing business ideas for you.

With your startup capital of ₦10,000, am going to show you some profitable businesses you can do in school and make money.

Just pay close attention to this article because what am about to teach you will really go a long way for you as a student in Nigeria.

I was once a student like you looking for businesses to do to earn money while in school.

So I know what works and what does not work.

As a student, you don’t have to keep bothering your parents all the time for financial support.

You can engage in some small but lucrative businesses that can help you generate some income.

So in this blog post, I want to show you 25 businesses you can start with ₦10,000 in Nigeria as a student and make a good profit in no distant time.

Ready? Let’s go!

Also Read: 15 Businesses You Can Start with ₦20,000 in Nigeria As a Student

Table of Contents

25 Businesses You Can Start with ₦10,000 in Nigeria As a Student

Yes, you can actually start your own business as a student even if all you have got is ₦10,000.

In this section, I want to show you some creative business ideas you should consider.

1. Selling of Airtime and Data

This is a simple and profitable business that requires very little capital.

You can buy airtime and data bundles in bulk from network providers and sell them at a profit.

This business is particularly lucrative in areas where there is poor network coverage or a high demand for data.

2. Selling Clothes and Accessories

With ₦10,000, you can start selling clothes and accessories.

You can buy clothes in bulk from markets and resell them for a profit.

To make your business stand out, you can focus on a particular niche, such as children’s clothes or office wear.

3. Production and Sales of Liquid Soap

Liquid soap is a product that is always in demand.

You can easily learn how to make liquid soap and start selling it.

With just ₦10,000, you can buy the necessary raw materials and packaging materials.

4. Home Cleaning Services

Many people are willing to pay for home cleaning services.

You can start a home cleaning service with just a few cleaning supplies and a willingness to work hard.

You can advertise your services on social media and offer your services at a competitive rate.

5. Graphic Designing Services

If you have a talent for graphic design, you can start offering your services to clients.

You can create logos, flyers, and other designs for businesses and individuals.

You can start with basic graphic design software and work your way up as your business grows.

Also Read: 25 Best Side Hustles for Nigerian Students

6. Web Designing Services

Similarly, if you have a talent for web design, you can start offering your services to clients.

Many businesses are in need of websites, and you can create websites for them using website builders or programming languages like HTML and CSS.

7. Blogging

Blogging is a great way to earn money while sharing your passions and interests with the world.

You can start a blog on any topic and monetize it through advertising, sponsored posts, and affiliate marketing.

With just ₦10,000, you can purchase a domain name and hosting for your blog.

8. Affiliate Marketing

Affiliate marketing is a business model in which you earn a commission for promoting other people’s products.

You can start promoting products on social media or your blog and earn a commission for every sale made through your unique affiliate link.

9. Social Media Management Services

Many businesses struggle with managing their social media accounts.

You can offer social media management services and help businesses increase their social media presence.

You can create and post content, engage with followers, and track metrics to measure success.

10. Freelance Writing Services

If you have a talent for writing, you can start offering your services to clients.

You can write blog posts, articles, and other content for businesses and individuals.

You can start with basic word processing software and work your way up as your business grows.

Also Read: What Are Good Foods To Eat As a Nigerian Student?

11. Tutoring Services

If you are knowledgeable in a particular subject, you can offer tutoring services to students.

You can offer your services in person or online, and you can set your own rates.

12. Photography Services

If you have a talent for photography, you can start offering your services to clients.

You can take photos of events, businesses, or individuals.

You can start with a basic camera and work your way up as your business grows.

13. Catering Services

If you have a talent for cooking, you can start offering catering services to clients.

You can cater events such as weddings, parties, and business meetings.

You can start with basic cooking supplies and work your way up as your business grows.

14. Event Planning Services

Event planning is a great business to start if you have strong organizational skills.

You can plan events such as weddings, birthdays, and corporate events.

You can start with a basic understanding of event planning and work your way up as your business grows.

15. Car Wash Services

Car wash services are always in demand.

You can start a car wash service with just a few cleaning supplies and a willingness to work hard.

You can advertise your services on social media and offer your services at a competitive rate.

Also Read: Food Timetable for Nigerian Students on a Tight Budget

16. Sales of Snacks and Drinks

Selling snacks and drinks is a simple and profitable business.

You can buy snacks and drinks in bulk from wholesalers and sell them at a profit.

This business is particularly lucrative in areas with high foot traffic, such as universities or markets.

17. Phone Repairs Services

Many people are in need of phone repair services.

You can start offering phone repair services to clients.

You can start with basic phone repair tools and work your way up as your business grows.

18. Laundry and Dry Cleaning Services

Laundry and dry cleaning services are always in demand.

You can start a laundry and dry cleaning service with just a few cleaning supplies and a willingness to work hard.

You can advertise your services on social media and offer your services at a competitive rate.

19. Shoe and Bag Repair Services

Shoe and bag repair services are always in demand.

You can start offering shoe and bag repair services to clients.

You can start with basic repair tools and work your way up as your business grows.

20. Dropshipping Business

Dropshipping is a business model in which you sell products without holding inventory.

You can start a dropshipping business by finding a supplier, creating a website or social media account, and promoting your products.

Also Read: What Problems Do University Students Face in Nigeria?

21. Fish Farming

Fish farming is a profitable business that requires relatively little capital.

You can start a fish farm with just a few fish tanks and a willingness to work hard.

You can sell your fish to local markets or directly to customers.

22. Poultry Farming

Poultry farming is another profitable business that requires relatively little capital.

You can start a poultry farm with just a few chickens and a willingness to work hard.

You can sell your chickens and eggs to local markets or directly to customers.

23. Palm Oil Production

Palm oil production is a profitable business that is in high demand.

You can start palm oil production with just a few palm trees and a willingness to work hard.

You can sell your palm oil to local markets or directly to customers.

24. Fruit Juice Production and Sales

Fruit juice production and sales is a profitable business that requires relatively little capital.

You can start fruit juice production with just a few fruits and a willingness to work hard.

You can sell your fruit juice to local markets or directly to customers.

25. Online Course Creation

If you have expertise in a particular subject, you can create an online course and sell it to students.

You can create courses on platforms like Udemy or Teachable and earn money from course sales.

Starting a business with ₦10,000 as a student in Nigeria is possible if you are willing to work hard and think creatively.

Choose a business that aligns with your interests and skills, and make sure to do thorough research and planning before starting.

Also Read: How Do I Make a Food Timetable As a Student in Nigeria?

Challenges of Starting a Business As a Student in Nigeria

Are you thinking about starting a business as a student in Nigeria? It’s a great idea!

Starting your own business can be incredibly rewarding and give you valuable experience that can help you in your future career.

However, it’s important to be aware of the challenges you may face along the way.

First up, limited capital. Let’s face it, most students don’t have a lot of money to invest in their businesses.

But don’t let that discourage you!

There are plenty of businesses you can start with a small amount of capital.

You just need to be smart about your spending and make sure you invest in the right areas of your business.

Another challenge you might face is a lack of business experience.

This is totally understandable since you’re still a student!

However, you can overcome this by doing your research, reading books on entrepreneurship, attending workshops, and seeking advice from experienced entrepreneurs.

Don’t be afraid to ask for help and learn from others who have been there before.

Now, let’s talk about time constraints.

As a student, you already have a lot on your plate with classes, assignments, and exams.

Starting a business can seem overwhelming, but it’s important to manage your time wisely.

Schedule your time effectively, and try to find ways to integrate your business into your studies.

For example, if you’re studying marketing, use your business as a case study to apply what you’re learning in class.

Limited resources can also be a challenge for students starting a business in Nigeria.

You may not have access to the same resources as established entrepreneurs, but that doesn’t mean you can’t succeed.

You can start by leveraging the resources you do have, such as your network of friends and family.

Additionally, there are plenty of online resources available that can help you build your business from scratch.

Lack of support is another common challenge for students starting a business.

However, there are many ways to get support and guidance.

Look for mentorship programs or seek out successful entrepreneurs who are willing to share their knowledge and experience.

You can also join business clubs and associations that provide support and networking opportunities.

Finally, navigating Nigeria’s regulatory environment can be tough for new businesses.

But don’t let that discourage you!

There are resources available to help you understand and comply with the regulations.

Just make sure to do your due diligence and seek advice from experts when necessary.

To summarize, starting a business as a student in Nigeria is challenging, but with the right mindset, preparation, and support, you can overcome these challenges and build a successful business.

So go ahead, take the leap, and start your entrepreneurial journey today!

Also Read: What Can I Cook As a Student in Nigeria?

How to Run a Successful Business As a Student in Nigeria

Starting a successful business as a student in Nigeria can be challenging, but it’s definitely possible.

Here are some tips that can help you run a successful business while still excelling in your academics.

1. Have a Clear Vision and Set Goals

To start a successful business, you need to have a clear vision and set goals that align with your vision.

What is your business all about? What are you trying to achieve with your business?

Having a clear vision will help you stay focused on what matters most, and it will make it easier for you to make decisions that align with your goals.

Make sure your goals are SMART (specific, measurable, achievable, relevant, and time-bound).

2. Manage Your Time Effectively

Time management is one of the most critical skills you need as a student entrepreneur.

You need to find a way to balance your academic work with your business responsibilities.

Create a schedule that allows you to manage your time effectively.

Block out time for academic work, time for your business, and time for relaxation.

This will help you avoid burnout and ensure you’re able to give both your business and academics the attention they deserve.

3. Build a Reliable Team

Building a reliable team is critical to the success of your business.

Even if you don’t have a lot of capital, you can still build a reliable team by leveraging your network of friends and family.

Identify people who share your passion and vision for your business and who have skills that complement yours.

Assign specific roles and responsibilities to each team member and establish clear lines of communication.

With a reliable team, you can delegate tasks and focus on the big picture.

4. Leverage Social Media

Social media is a powerful tool for marketing and reaching a wider audience.

Choose the social media platforms that align with your business and create engaging content that showcases your products or services.

Use hashtags and other strategies to increase your visibility and reach.

With social media, you can build brand awareness, connect with potential customers, and grow your business.

5. Focus on Customer Service

Customer satisfaction is crucial to the success of any business.

As a student entrepreneur, you have the advantage of being able to offer personalized service to your customers.

Make sure to respond promptly to inquiries, address complaints, and go the extra mile to exceed your customers’ expectations.

Happy customers are more likely to recommend your business to others and become repeat customers.

6. Stay up-to-date with Industry Trends

The business landscape is constantly evolving, and staying up-to-date with industry trends can give you a competitive edge.

Attend industry events, read relevant blogs, and network with other entrepreneurs to stay informed and learn from others.

With knowledge of industry trends, you can identify new opportunities, stay ahead of the competition, and make informed decisions.

7. Seek Out Mentorship and Guidance

Finally, don’t be afraid to seek out mentorship and guidance from experienced entrepreneurs or professionals in your field.

Join business clubs, attend workshops, and seek advice from mentors who can provide valuable insights and help you navigate the challenges of entrepreneurship.

With mentorship and guidance, you can learn from others’ experiences and avoid common pitfalls.

To summarize, running a successful business as a student in Nigeria requires hard work, dedication, and the right strategies.

By having a clear vision and setting goals, managing your time effectively, building a reliable team, leveraging social media, focusing on customer service, staying up-to-date with industry trends, and seeking mentorship and guidance, you can build a thriving business while still excelling in your academics.

Also Read: List of Food Provisions for Boarding School in Nigeria

How to Properly Utilize the Income from Your Business As a Student

After you launch your business and start making money, it’s important to manage your income effectively to ensure your business thrives and you’re able to achieve your personal financial goals.

Let’s take a closer look at some tips on how to properly utilize the income from your business as a student in Nigeria.

1. Separate Your Business and Personal Finances

When you’re running a business as a student, it’s easy for personal and business finances to become intertwined.

However, separating your business and personal finances is essential for keeping accurate records and ensuring you’re able to manage your finances effectively.

By opening a separate bank account for your business and keeping accurate records of your transactions, you can track your income and expenses, file your taxes, and make informed decisions about the future of your business.

2. Reinvest in Your Business

If you want your business to grow, you need to reinvest in it.

This means putting a portion of your profits back into your business to fuel growth and sustainability.

Consider investing in marketing, product development, or upgrading your equipment or technology.

By reinvesting in your business, you can attract more customers, increase your revenue, and position your business for success.

3. Pay Yourself a Reasonable Salary

As a student entrepreneur, it’s easy to want to take all of the profits from your business and use them for personal expenses.

However, it’s important to pay yourself a reasonable salary and ensure your personal expenses are separate from your business expenses.

This will help you manage your personal finances effectively and ensure your business remains profitable.

4. Save for Emergencies and Future Goals

As a business owner, you need to be prepared for unexpected expenses or opportunities that may arise.

That’s why it’s essential to set aside some of your business income for emergencies and future goals.

This can be in the form of an emergency fund, savings for a future business expansion, or personal savings for long-term financial goals.

By saving regularly, you can ensure you’re prepared for any unexpected expenses that may come up.

5. Seek Out Professional Financial Advice

If you’re unsure about how to manage your business income or achieve your personal financial goals, consider seeking out professional financial advice.

A financial planner or accountant can help you develop a financial plan that aligns with your goals and helps you make the most of your business income.

To summarize, managing your business income as a student entrepreneur in Nigeria requires discipline, planning, and the right strategies.

By separating your business and personal finances, reinvesting in your business, paying yourself a reasonable salary, saving for emergencies and future goals, and seeking out professional financial advice, you can manage your business income effectively and ensure your business and personal finances thrive.

Also Read: List of Food Provisions to Take to University in Nigeria

Frequently Asked Questions (FAQ)

Can You Open a Business with ₦10,000 in Nigeria?

Are you thinking of starting a business in Nigeria with just ₦10,000? Well, it’s possible!

You could start a small retail business like selling snacks or phone accessories, or provide services like laundry or cleaning.

But keep in mind, it may take time to grow your business.

Do some research on the market and make a clear plan.

Remember, it’s not about how much you start with, it’s about the determination to succeed!

What Is the Cheapest and Most Profitable Business to Start in Nigeria?

Are you looking for the cheapest and most profitable business to start in Nigeria?

Well, the answer varies depending on market demand and your interests.

However, you could try starting an online business like blogging or freelance writing, small-scale farming, or selling fast-moving consumer goods like snacks or beverages.

Providing services like laundry or cleaning is also an option.

Note, research the market and make a clear plan.

Success is all about determination, so go for it!

Which Business Is Easy to Start in Nigeria?

Are you thinking about starting a business in Nigeria, but not sure where to start?

There are many easy options depending on your interests and market demand.

You could sell fast-moving consumer goods like snacks or beverages, provide services like laundry or cleaning, or start a small retail business.

Online businesses like blogging or freelance writing are also great choices.

Just keep in mind, do your research, and create a solid plan.

With a little determination, you’ll be on your way to success in no time!

Which Business Can I Start from Zero in Nigeria?

Are you ready to start a business from scratch in Nigeria but not sure where to begin? Don’t worry!

You can provide services like laundry or cleaning, sell fast-moving consumer goods like snacks or beverages, or start a small retail business with zero starting capital.

Online businesses like blogging or freelance writing are also a great option.

Just keep in mind, do your research, make a plan, and have the drive to succeed.

How Do I Start a Business in Nigeria When I Am Broke?

Are you dreaming of starting a business in Nigeria but feeling broke? No problem!

You can start with little to no capital.

Consider providing services like laundry or cleaning, selling fast-moving consumer goods like snacks or beverages, or starting a small retail business.

Look into grants or loans from government or non-governmental organizations.

Note, research the market, create a plan, and never give up on your dreams.

Also Read: How to Pack for University in Nigeria (Best Tips)

Conclusion

Starting a business as a student in Nigeria will do you a lot of good.

From your business profits, you can be able to cater for some of your academic expenses like buying textbooks and manuals or even paying your school fees.

But besides that, starting a business as a student can also impact you the spirit of being self-employed, such that even if you are not able to get a good job after you graduate from school, you can be able to leverage your experience and start up a business while waiting to get a good job.

I can go on and on if I wish to. The benefits of starting a business as a student cannot be over-emphasized.

So I want to encourage you, if you don’t have any business you are doing while schooling, I advise that you start up one immediately.

Mind you, it mustn’t be a physical business.

There are also several profitable online businesses you can start as a student and I made mention of some of them in this article.

Even if you are not interested in the money, the experience you will gain can help prepare you for your future career.

So you have nothing to lose at the end of the day.

If you have any questions or inquiries, kindly drop them in the comment section and I will respond promptly.

Best of luck on your entrepreneurial journey!

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