5 Profitable Side Hustles To Start With 100k Naira In Nigeria
In Nigeria, many people are turning to side hustles to earn extra income alongside their main jobs. The rising cost of living and the desire for financial independence have led to an increase in side hustles in the country.
List of 5 Profitable Side Hustles To Start With 100k Naira In Nigeria
From freelance writing to social media marketing, there are various opportunities for individuals to explore and make a substantial income on the side. Here are the top 10 most lucrative side hustles in Nigeria:
1. Freelance Writing
Freelance writing is a great way to earn money for those who have a talent for writing. With the flexibility to work for both local and international clients, freelance writers can earn an average annual income of ₦827,473.
2. Social Media Marketing
Social media marketing offers a rewarding side hustle opportunity, with an average annual income of ₦705,485. Businesses are constantly in need of social media managers to boost their online presence.
3. Online Tutoring
Online tutoring allows educators to earn an average annual income of ₦958,647 by teaching various subjects online. It’s a flexible and lucrative side hustle option.
4. Graphic Design
Graphic designers can make an average annual income of ₦698,840 by providing design solutions to businesses. From logos to flyers, there’s a high demand for graphic design services.
5. Event Planning
Event planners in Nigeria can earn up to ₦1,200,000 annually by organizing and managing events for clients. It’s one of the highest-paying side hustles in the country.
FAQs
Can I really start a profitable business in Nigeria with just 100k Naira?
Yes, you can. With proper planning and low-overhead options like mobile food vending, phone accessories retailing, or digital services such as graphic design or social media management, 100k Naira can cover basic startup costs and tools to launch a small-scale but profitable venture.
What are examples of side hustles I can start with 100k Naira?
Some viable side hustles include mini importation of items like fashion accessories, launching a thrift (okrika) clothing business, starting a food delivery service, printing and customizing merchandise, or offering freelance services such as writing or tutoring online.
Which side hustle offers the fastest return on investment (ROI)?
Thrift clothing (okrika) sales and food delivery typically offer faster ROI because they deal in essential items and have high demand. If well-managed with good customer service, you can start seeing profit within the first few weeks.
Do I need a physical shop to succeed with these side hustles?
No, a physical shop is not necessary. Most side hustles can thrive using social media platforms like WhatsApp, Instagram, and Facebook to reach customers and close sales. This helps you reduce costs and operate flexibly from home.
