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businesses that you can Start with 300k in 2023

 In Nigeria, there are 4 types of businesses that you can launch with 300k in 2023.

Are you looking for a business to start or invest in in 2023? If so, here are the best 4 enterprises in Nigeria that you can launch with 300,000 and little to no expertise. The types of businesses to start and ways to do it are listed below.

What kind of business in Nigeria can you Start with 300k?

phone accessory industry.

With 300,000, you may launch a business selling phone accessories and see a profit. If you live in Lagos, Alaba International Market is the finest spot to purchase these goods because it offers wholesale. You need a real storefront in a busy location to launch your business. Ideally, a main road. With a $300,000 budget, getting a tiny container is the greatest choice as opposed to building a shop. The following step is to purchase accessories at Alaba after this is completed. Always start with a product that moves more quickly, such as (an iPhone accessories charger, USB cord, and power bank)

Pet Drink Company.

Pet beverages, which come in single-use plastic bottles, are another very profitable and low-risk enterprise. You must first acquire a storefront or a spot for a container before looking for a nearby depository or sellers who are willing to sell at full price. You should still have 200k after purchasing a shop, and if you already have one, you may spend the 300k to stock it with goods to launch your business.

selling water in sachets.

Reselling sachet water is a tremendously lucrative business, especially when you have your target consumers, but very few people are aware of it. Find a factory that produces pure or sachet water before you may launch this business. When they are finished generating, you can purchase the water from them here and pay a lower sum in cash. It is also advantageous if you own a car. For instance, a bag of water can be sold to you for 100 Naira, while you resale it for 150, and the shopkeeper sells it to the ultimate consumer for 200.

Recharge Card and Pos.

With 300k, you can profitably launch both a pos business and a recharge card business. To learn more about pos businesses, go here.

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