I recently received money from my uncle who lives in Lagos which I was surprised cos he has never given me money be for . he said I should use it to support my self due to the covid 19 lockdown in Lagos so I have decided to start up a business with the money I need advise on which business to start. the money amount to #60k but I added my little saving to it which bring it to a total of # 75k

you can start with frozen foods. It cost you about #70000 to start a small scale frozen food store

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Use 50k from the money rent hotel, drink beer and carry olosho. Use the rest and carry 2 odds. Thank me later.

fergieboy:
Use 50k from the money rent hotel, drink beer and carry olosho. Use the rest and carry 2 odds. Thank me later.

Am sure ur parent most still be feeding you

For anyone that has #75k like Op I'll suggest you get involved with consumables.
Better still you can invest in these business which can still strive in these pandemic times.

Get a good online product for kids or students then make your advert online and through word of mouth
Create a clientele of customers through effective after service customer care relationship ....remember to get involved with some other online hustlles that require not much fees.

Best Wishes.

If your place is not very close to a filling station buy two gallon of fuel and start selling in terms of litres. If you are lucky you will be making more than a thousand naira daily especially if light is scarce in ur area. the cost is not more than 20k

start a popcorn business with the local pot. cost is about 75k though with rent involved. I can easily teach u how to make it. The downside of this business however is the cost of milk which is a major factor in most areas. Milk is so cost right now that fuel business may be a more sensible investment than this one despite its much lesser startup cost.

buy second hand phones from reputable people and hopefully sell for a higher price. It's risky though as you may end up purchasing a stolen phone.

I have more suggestions though but this is the ones that I have testproof. I won't tell you to go into things I have not tried myself.

Also I would like to ask you a question, do you want to go into business because of the prevailing circumstances caused by the pandemic or it is because you have a passion for it.

iamDreem8:
you can start with frozen foods. It cost you about #70000 to start a small scale frozen food store

Tell us more please

fergieboy:
Use 50k from the money rent hotel, drink beer and carry olosho. Use the rest and carry 2 odds. Thank me later.

Hmmmm

Talking rubbish in the nonsense

alwayssparkling:
If your place is not very close to a filling station buy two gallon of fuel and start selling in terms of litres. If you are lucky you will be making more than a thousand naira daily especially if light is scarce in ur area. the cost is not more than 20k

start a popcorn business with the local pot. cost is about 75k though with rent involved. I can easily teach u how to make it. The downside of this business however is the cost of milk which is a major factor in most areas. Milk is so cost right now that fuel business may be a more sensible investment than this one despite its much lesser startup cost.

buy second hand phones from reputable people and hopefully sell for a higher price. It's risky though as you may end up purchasing a stolen phone.

I have more suggestions though but this is the ones that I have testproof. I won't tell you to go into things I have not tried myself.

Also I would like to ask you a question, do you want to go into business because of the prevailing circumstances caused by the pandemic or it is because you have a passion for it.

I have a work I am doing but it is not always available so I just need something to do while I am not working

https://www.youtube.com/watch?v=mNxcl_DFwbQ

That'd depend on your location bro.

My dear, the world has gone pass the dispensation wherein we set up enterprises that has geographical constraints. I will advise you use part of the money to acquire fairly used PC, then equip yourself with it.. Especially on ADOBE or PROGRAMMING.

The benefit may not come instantly but in the long run, you're good to go.

The PC and internet has opened us up to a world of unlimited possibilities... More, you can offer your service(s) to the global village from the comfort of your home.

Remain Bless....