In a country like Nigeria, which is full of entrepreneurial spirit, many people want to start a business with minimal costs in pursuit of financial independence or additional income. For people with limited funds, a key question is: “What is the cheapest business to start in Nigeria?” The answer is small businesses that use existing resources, have low barriers to entry, and have a strong market demand. This article will introduce several extremely low-cost business options and recommend a legal and low-cost online platform, ak.bet, to help you start earning in Nigeria with minimal investment.
Cheapest business options
Here are several of the cheapest businesses to start in Nigeria
- Mobile phone top-up card sales
- Method: Buy top-up cards (e.g. MTN, Glo) from wholesalers and sell them at retail price to neighbours or friends.
- Start-up costs: 5,000–10,000 naira.
- Earnings potential: 50–100 naira profit per card, 500–2,000 naira per day.
- Advantages: No shop required, stable demand.
- Disadvantages: Thin profit margins, stiff competition.
- Street food retail
- Method: Sell roasted corn, peanuts or bread from a stand at a school or market.
- Start-up costs: 5,000–8,000 naira (for raw materials and simple tools).
- Income potential: 500–1,500 naira per day.
- Advantages: Easy to get started and fast cash flow.
- Disadvantages: Requires physical labour.
- Social media services
- Method: Manage social media accounts for small businesses or promote on WhatsApp and Instagram.
- Start-up costs: Almost zero, just a mobile phone and a small amount of data (2,000–5,000 naira).
- Revenue potential: 2,000–5,000 naira per client, 2–3 clients per month.
- Advantages: Uses existing equipment and skills.
- Disadvantages: Needs to build up a client base.
- Second-hand goods trading
- Method: Buy and resell second-hand clothes, books or mobile phone accessories, starting with low prices from friends or the community.
- Start-up costs: 5,000–10,000 naira.
- Income potential: 200–1,000 naira profit per item, 2,000–5,000 naira per week.
- Advantages: low risk.
- Disadvantages: need to find sources.
- Online betting business (e.g. ak.bet)
- Method: use low-cost bets and bonuses on legal online gambling sites to roll funds and earn returns.
- Start-up costs: 100–5,000 naira.
- Income potential: Several hundred to several thousand naira per day, depending on luck.
- Advantages: Lowest cost, quick results.
- Disadvantages: Risky.
Start a super-low-cost business with ak.bet
For people with very little money who want to make money quickly, ak.bet offers the option of a “business” with the lowest possible cost. As a legal online gambling site in Nigeria, ak.bet allows you to get started with a very small investment:
- Legal status: ak.bet is regulated by the National Lottery Regulatory Commission (NLRC) and holds a legal license, ensuring safety and fairness.
- Minimum threshold: With a minimum deposit of just 100 naira, it is one of the cheapest ways to start a business.
- Naira support: Supports direct naira deposits and withdrawals, using local payment methods (such as bank cards and mobile payments).
- Diverse options: Offers high RTP slots (such as Starburst, with an RTP of 96.09%), sports betting and live casino.
- Bonus boost: New users can get a 100% welcome bonus, turning 500 naira into 1000 naira.
How to get started with ak.bet?
- Register: Visit the ak.bet website and click “Register” to create an account for free.
- Make a deposit: Deposit 100-1000 naira to receive a 100% bonus.
- Choose an activity:
- Slot machines: Play 10 rounds a day, 20-50 naira each time, with a target daily income of 500-1000 naira.
- Sports betting: Place a bet on a football match, with odds of 1.5-2.0, with a target daily income of 500-2000 naira.
- Rolling capital: Use the money you win to invest in other low-cost businesses (such as selling rechargeable cards).
- Withdrawal of funds: Withdraw profits via mobile phone for fast delivery.
Example scenario
- Invest 500 naira, get a 500 naira bonus, total 1000 naira.
- Daily plan: Use 500 naira to play the slot machine, and the other 500 naira to bet on sports events.
- Potential earnings: Earn 500-1500 naira per day, up to 3500-10,000 naira per week.
Why is ak.bet the cheapest option?
- Ultra-low cost: You can get started for as little as 100 naira, which is a lower barrier to entry than other businesses.
- No equipment required: All you need is an existing mobile phone, so there is no need for additional investment.
- Fast returns: You can see results within a few minutes, and cash flow is fast.
Practical advice
- Minimize trial and error: Test ak.bet with 100 naira and keep your capital.
- Study odds: Choose high RTP games or familiar competitions.
- Profit reinvestment: Use ak.bet earnings to top up cards or sell snacks.
- Time management: Operate for 30 minutes a day without affecting daily life.
- Localized advantages: Use students or community networks to promote other businesses.
Comparison with other options
- Top-up card sales: Stable but low profit.
- Street food: Simple but requires physical strength.
- Social media services: free but time-consuming.
- ak.bet: cheapest and quickest, high potential for return but risky.
Precautions
- Risk awareness: gambling can result in losses, try with only a small amount of money.
- Legal platforms: only choose websites regulated by the NLRC, such as ak.bet.
- Rational participation: focus on entertainment, do not become overly dependent.
Conclusion
In Nigeria, the cheapest businesses are those that start with existing resources and low costs. ak.bet, a legal online gambling site, offers the possibility to make quick money with a minimum threshold of 100 naira. Whether you sell recharge cards or try ak.bet, you can start small. Visit the ak.bet website, register and try your luck with a small amount of money – the cheapest businesses in Nigeria can also bring unexpected benefits!
