10 Business Ideas You Can Launch With 20k Today

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Starting your own business can be a hard task, but it doesn’t have to be expensive. There are many businesses that you can launch with 20k or less. In this blog post, we will share 10 business ideas that you can launch with 20k today.

These business ideas are low-cost and easy to start, but they can be very profitable if you are willing to put in the hard work. Whether you are looking for a full-time business or a side hustle, there is a business idea on this list that is right for you.

In this blog post, we will explore 10 unique and profitable business ideas that you can start with a budget of 20k. Whether you’re a budding entrepreneur or simply looking for a side hustle, these ideas are sure to inspire and guide you toward success. So let’s dive in and discover the endless possibilities of starting a business with just 20k!

Phone Accessories Business 

If you’re passionate about technology and love staying up-to-date with the latest gadgets, starting a phone accessories business could be a lucrative venture for you. With just 20k, you can source and sell high-quality phone cases, screen protectors, chargers, and other accessories that customers are constantly in need of. 

By offering a wide range of options for various phone models, targeting both online and offline customers, and providing excellent customer service, you can carve out a successful niche in this ever-growing market. So grab your entrepreneurial spirit and get ready to tap into the booming phone accessories industry!

Printing and photocopying business 

If you have a knack for organization and enjoy working with paper, starting a printing and photocopying business could be the perfect fit for you. With just 20k, you can invest in high-quality printers and photocopy machines to offer fast and reliable services to customers in your community. 

From printing flyers and brochures for local businesses to photocopying important documents for individuals, there is always a demand for these services. By providing top-notch customer service, quick turnaround times, and competitive pricing, you can establish yourself as the go-to printing and photocopying solution in your area. So, why not turn your passion for paper into a profitable business venture today?

Food Vending 

Food vending is a fantastic business idea that you can launch with just 20k. With the rise in popularity of street food and the demand for convenient and tasty meals, starting a food vending business can be a profitable venture. 

You can specialize in a particular cuisine, such as tacos or sandwiches, or offer a variety of options to cater to different tastes. With a mobile food truck or a food cart, you can easily set up shop at local events, parks, or busy street corners to attract hungry customers. So if you have a passion for food and want to bring delicious meals to the masses, consider starting a food vending business today!

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Tutorial Services 

With just 20k, you can offer personalized lessons and tutoring sessions to students of all ages. Whether it’s academic subjects, music lessons, or even teaching a new language, there is always a demand for quality tutorial services. 

With flexible hours and the ability to choose your clients, you can create a fulfilling and profitable business. So, take advantage of your expertise and help others succeed while making a living doing what you love!

Car Wash 

Car Wash is an excellent business idea that you can start with just 20k. With the constant need for car cleaning and maintenance, opening a car wash can be a profitable venture. Invest in high-quality cleaning equipment, hire reliable staff, and provide top-notch customer service to attract a loyal clientele. 

Whether it’s a self-service car wash or a full-service operation, you can tap into the lucrative automotive industry and offer convenience and cleanliness to busy car owners. So get ready to make some serious profits by launching a car wash business today!

Freelance Writing Business 

Do you have passion for writing? Then starting a freelance writing business could be the perfect fit for you. With just 20k, you can invest in essential tools such as a reliable computer, writing software, and a website to showcase your work. 

From creating content for websites and blogs to writing marketing materials and social media posts, there is a constant demand for talented writers. With the flexibility to work from anywhere and choose your own clients, you can turn your love for writing into a profitable business venture. So, grab your pen and let your words bring you success!

Event Planning Business 

Planning and organizing events can be an exciting and fulfilling business opportunity that you can start with just 20k. Whether it’s weddings, corporate functions, or parties, people are always in need of skilled event planners to bring their visions to life. 

With a knack for details, strong organizational skills, and a creative eye, you can offer personalized and unforgettable experiences to clients. By networking with vendors, building a strong portfolio, and providing exceptional customer service, you can establish yourself as a go-to event planner in your area. So, let your passion for celebrations and parties lead you to a successful event-planning business today!

Hairdressing Business 

If you have a passion for hairstyling and making people look their best, starting a hairdressing business can be a fantastic option with just 20k. With the right tools and equipment, you can create a stylish and inviting salon space to attract customers.

From haircuts and coloring to styling and treatments, there is always a demand for skilled hairstylists. With your creativity and expertise, you can provide personalized and professional services to your clients. So why not turn your love for hair into a profitable business venture today? Let your scissors and brushes lead you to success!

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Fitness Instructor 

If you have a passion for fitness and enjoy helping others achieve their health goals, becoming a fitness instructor can be a fantastic business idea to launch with just 20k. With this budget, you can invest in certifications, equipment, and even rent a studio space if needed. 

By offering a variety of fitness classes, such as yoga, Zumba, or HIIT workouts, you can attract a wide range of clients. With dedication and hard work, you can build a loyal customer base and create a thriving fitness community. So put on your workout gear and get ready to turn your passion for fitness into a successful business venture!

Freelancing Business  

Looking for a business idea that gives you the freedom to work on your own terms? Starting a freelancing business with just 20k is a great option. With a wide range of skills and services to offer, you can find your niche in fields like graphic design, web development, writing, or marketing. 

With the flexibility to choose your clients and work from anywhere, freelancing allows you to be your own boss. Invest in the right equipment, create a professional portfolio, and market your services to attract clients. With determination and hard work, you can turn your freelancing business into a successful venture. So why wait? Take the leap into the world of freelancing and watch your business grow!


What kind of business can 20k start?

With 20,000 Naira, you can explore businesses like selling fashion accessories, such as wristwatches, necklaces, or phone accessories. You could also venture into small-scale food sales, such as snacks or homemade pastries.

What kind of business can I start with 30,000 Naira?

If you have 30,000 Naira, you can consider starting a small retail business, like selling clothing, shoes, or electronics accessories. Alternatively, you could offer a service-based business like graphic design, content writing, or small-scale catering.

What business can I start with 15k in Nigeria?

With 15,000 Naira, you might opt for businesses like selling recharge cards, small-scale poultry farming, or providing mobile phone repair services. These ventures require relatively low initial investments.

What business can bring money fast?

Businesses that can generate quick income include fast-food stalls, dropshipping, and ride-hailing services like bike or car taxi. These businesses often cater to daily needs and can start generating income relatively swiftly.

What is the easiest business to get?

 E-commerce businesses, especially dropshipping, are considered some of the easiest to set up, as they don’t require physical inventory. Other straightforward businesses include freelance services like content writing, graphic design, or social media management. Consulting or coaching services can also be established without substantial initial investments.


In conclusion, starting a business with a limited budget of 20,000 Naira is entirely possible. It all begins with identifying your strengths, interests, and local market needs. 

The ten business ideas we’ve discussed provide a diverse range of opportunities, from selling products to offering services. By taking the time to plan, market, and manage your venture effectively, you can gradually grow your business and generate income.

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