5 Businesses Under N20k that Can Make Million in 2023

Making millions in 2023 is the dream of every young entrepreneur. The great news is you don’t need millions to make millions this year. With 20k or less, you can make your first million this year. 

As the world tilts towards technology, it’s time for you to jump on the avalanche of opportunities available in this sector. We will give you a rundown of some business ideas that will help you achieve your million dreams with 20k.

Start a blog

This business would not cost you more than 20k to get started. First, Identify your niche. What do you want to specialise in? Once that is done, choose a blogging platform, that is, a content management system. Once that is done, pick a hosting platform. This is important too! After that, select a descriptive blog name and domain. Getting a domain name shouldn’t cost up to 20k. 

Proceed to set up and design your blog. Also, think of blog topics. Topics that can bring traffic. Then, get started with your first blog post. Don’t forget to use catchy titles for your stories. Promote your blogging and monetize it.

Start a YouTube 

On youtube, you can do a lot of things. You can make comedy skits, music and dance videos, cooking or recipe tutorial, product tutorial,  tour videos, DIY etc. This doesn’t require up to 20k as all you will need is data. First, create a channel, and promote your channel by releasing engaging content. Join the YouTube Partner Program (YPP) 

Joining this program helps you monetize your channel. To get started sign in to your YouTube account, and click the icon for your account in the top right corner. After that locate the YouTube Studio icon and click on it. In the left menu, select Other Features > Monetization. Endeavour to read and agree to the YouTuber Partner Program terms and eligibility requirements.

Proceed with the creation of a new Google AdSense account or connect an existing one to your channel. You will need one to receive payment. You can sit in the corner of your room and make millions. All you need is to get started.

Start a podcast

Another way to make millions in 2023 is podcasting. To start a podcast you must define your niche. This will help you define your audience. After that build your brand and online presence. Choose a very interesting name, create a website or RSS Feed, and social media profiles, and set up a podcast platform. You could use Spotify, Google Podcasts,  Audible, AnchorFm etc. Having done that it’s time to record your first podcast and publish it. We know you are asking: how do I make money? Here’s it. Sponsored ads are an easy way to make money. Others are promoting your service or products through podcasts, consulting or coaching, accepting donations and tips, create additional episodes that sit behind a paywall. You can also utilise your podcast advertising network. They have connections with brands and can give opportunities you may not have otherwise come across on your own. 

E-commerce

You can sell clothes, furniture, laptops, TVs and phones online. There are hundreds of online selling sites, that specialise in different niches. These sites have varying commission fees. Some of which include eBay, Facebook Marketplace, Shopify etc. All you need do is identify a local garage that you can patronize or buy online from sites like AliExpress.

Publish a book on Amazon

This is really simple and straightforward. You could write a book with your phone. All you need do is identify the topic that interests you. Write on it. Design a cover that reflects the details of your book and piques your readers’ interests. Get registered on Amazon KDP and publish your book. Once your book is well-branded, it can generate sales that will roll thousands of naira into your pocket. The beautiful thing is while you are making sales from a book, you can keep writing more books. Also, you could run help authors promote their books on the platform and launch ads as KDP authors.

2023 is gradually ticking away! The chapter of January 2023 will be closed today. Get started now!!!

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