I want to invest the sum of N4million by setting up a business for my brother. At the moment, most business ideas we came up with didn't go down well after we carried out our feasibility. So I need advice/ideas from nairalanders on the appropriate business to venture into with the above sum.
If you have any good business idea, that you think will be good, please do share.

Thanks

no replies? People come on, this is a business forum na.

DukeNija:
I want to invest the sum of N4million by setting up a business for my brother. At the moment, most business ideas we came up with didn't go down well after we carried out our feasibility. So I need advice/ideas from nairalanders on the appropriate business to venture into with the above sum.
If you have any good business idea, that you think will be good, please do share.

Thanks

What are the businesses you came up with? So that we won't keep repeating the same thing here. Thanks.

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OCTAVO:

What are the businesses you came up with? So that we won't keep repeating the same thing here. Thanks.

We thought about importation, but I personally think the capital won't be sufficient. Also, he said something about agriculture, which I'm quite interested in but it will entail buying a plot of land but since we reside in Lagos, that won't be possible.
But I'm still keen on importation, but need ideas on what to import.

DukeNija:


We thought about importation, but I personally think the capital won't be sufficient. Also, he said something about agriculture, which I'm quite interested in but it will entail buying a plot of land but since we reside in Lagos, that won't be possible.
But I'm still keen on importation, but need ideas on what to import.

with 4m in importation, u will make 10m+ profit within a year if u import the products in high demand. Agriculture/Poultry farming was also good but requires know how & good training. If u choose importation at d end, & you include IT gadget in what you import, let me know so that I will do business with you. I also import some stuffs. Gud luck

DukeNija:


We thought about importation, but I personally think the capital won't be sufficient. Also, he said something about agriculture, which I'm quite interested in but it will entail buying a plot of land but since we reside in Lagos, that won't be possible.
But I'm still keen on importation, but need ideas on what to import.

Import what you won't have difficulty in selling. Focus more on what you think people in your location will likely need. Do not import items that will tie your money down. I will advise you to first try with 10% of that money.

iykepromotions:
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Thanks for the response. I will check it out

OCTAVO:

Import what you won't have difficulty in selling. Focus more on what you think people in your location will likely need. Do not import items that will tie your money down. I will advise you to first try with 10% of that money.

Thnx Octavo, I was also thinking in this line because selling the items is another task entirely. Because some people might have monopoly over somme goods here in 9ja, I've seen it happen b4. Also, no one would want money to be tied down.

Invest in manufacturing, theirs no business as profitable as manufacturing, especially if you manufacture what people need always. Food processing is a good place to start.

godoluwa:
with 4m in importation, u will make 10m+ profit within a year if u import the products in high demand. Agriculture/Poultry farming was also good but requires know how & good training. If u choose importation at d end, & you include IT gadget in what you import, let me know so that I will do business with you. I also import some stuffs. Gud luck

Thanks man, for more info, i'll send you a pm.

TheLight001:
Invest in manufacturing, theirs no business as profitable as manufacturing, especially if you manufacture what people need always. Food processing is a good place to start.

Agreed, but don't you think manufacturing will be too capital intensive? Pls give suggestions regarding the area of manufacturing/food processing. Thanks

DukeNija:


Agreed, but don't you think manufacturing will be too capital intensive? Pls give suggestions regarding the area of manufacturing/food processing. Thanks

Small scale manufacturing isn't capital intensive.

With 4m, you can invest in soyabean processing, to produce refined soya-oil and saya cake.

Ofcos the market for the products is enormous, and the biz is preety profitable. RIO is less than 12months.

DukeNija:
I want to invest the sum of N4million by setting up a business for my brother. At the moment, most business ideas we came up with didn't go down well after we carried out our feasibility. So I need advice/ideas from nairalanders on the appropriate business to venture into with the above sum.
If you have any good business idea, that you think will be good, please do share.

Thanks

if that sum can buy land somewhere(perhaps badagry side) and can build maybe two 2bedrooms flats for rentage then do it . It doesn't depreciate bro . Or go into important of designer jeans n sell in whole n retail prices. Goodluck in wateva u guys chosed.

real estate sire...real estate

TheLight001:


Small scale manufacturing isn't capital intensive.

With 4m, you can invest in soyabean processing, to produce refined soya-oil and saya cake.

Ofcos the market for the products is enormous, and the biz is preety profitable. RIO is less than 12months.

Hmmnnn you just gave me an idea. Thanks I appreciate

TheLight001:


Small scale manufacturing isn't capital intensive.

With 4m, you can invest in soyabean processing, to produce refined soya-oil and saya cake.

Ofcos the market for the products is enormous, and the biz is preety profitable. RIO is less than 12months.

Sorry, I mean crude soya-oil. You sell the crude oil to edible oil refiners (the biggest one was recently launched in Ibadan) and the cake to feed millers. Both products are in high demand.

DukeNija:



Hmmnnn you just gave me an idea. Thanks I appreciate

You are welcome

Thanks to everyone who contributed, I really appreciate ur suggestions. I will make a decision, meanwhile, more contributions are welcomed.

I currently have the sum of 5m naira and need a business partner willing to invest another 5m naira into the music entertainment business I have secured.

Im working with a well known music company that has shown great Returns in the last 18 months and are ready to take it up a norch.

Millions are made monthly and bank statements will be made available to show you how serious this business is in terms of profit. Plus I will show you the ROI, business plan and swot analysis.

P.s: I will not post the name of this company here, neither will I give out to much details/info here. You can call me 08186009600 lets meet up and discuss on how to maximise capital and ROI. Cheers