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How To Use 300,000 Naira To Build A House Worth 5,000,000 - Career - Nairaland

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How To Use 300,000 Naira To Build A House Worth 5,000,000 by Oibrahim: 10:44am On Feb 16, 2017
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Yes i will show you exactly how you can end up using your 300,000 to build a

House worth up to 5,000,000 naira in this same nigeria..

I know majority of you must have been wondering how this is possible and some

Might have been expecting me to disapoint them as well.

Anyway since what we are looking at is building a house worth 5 million then we

Would be concentrating on making that 5 million first because without it it is

Impossible to build a house with just 300,000.

So now let me disapoint you a bitand then i put you on course. Its impossible

For you to build a house of 5,000,000 with 300,000 naira here in nigeria, but do

You know that this is not all, this is only impossible if you are just looking

At using the 300,000 to build a 5,000,000 naira house just like that.

Now how then can you do this. Yes i will show you how you can make up to

5,000,000 with just a capital of 300,000 naira before the ending of 2017.

So i will be writing about more than one way through which you can actualize

This and you will have the option to choose the suitable ways you can go with.

One thing you should know is that it is impossible to use 300,000 to build a

5,000,000 house without first putting that 300,000 to work. So, how you will put

That 300,000 to work is what i will be showing youbelow
So here are the chillies.
J,j

Mini importation: yes i will talk about mini importation business and i will not

Me telling you about what other people have been telling you, rather i will be

Telling you about the sure fire way to do it and how to do it the metilelu way.

Forget about all those trash of buying products and then trying so hard to sell

Them online. Selling itself is a problem if you dont know. So here i will rather

Focus on you researching on a very specific product that can either do any of

The following

Solve a problem
Saves time
Saves energy
Reduce stress

And even if the product you find matches any of the following , another thing

You must make sure it satify is that it must be needed by a very large segment

Of people not just a few.you can buy any product of your choice but if you want

To sell over and over again then your product must satisfy any of the following

Criteria.

So lets get down to a practical example on a product that satify one or more of

This criteria. Let us look at car fault detector for instance.
This particulat product satisfy all the criteria listed above which is :

!. It can solve a proble
2. It can saves you and time
3. It can save you energy
4. It can also reduce stress
4. It is needed by almost all the car users in the country today

So this particular product will be one that can pump you so much money if

Marketed with the right chanel and in the right way.

So how can you get this product for so cheap? The method i used for getting

Product for dead cheap, is to simply look for the product on aliexpress and get

The picture as well as the name of the product and then i will forward it to my

Logistic agent in china , my own is not always Nigerian, i prefer Chinese agent

So i will give them the name and the image and ask them to help me find the

Cheapest possible on 1688 and they surely will.

So if i get a unit of this product for say 7$, thn i can order for 50 pieces of

It which will then amount to a total of 350$ and say a shipping to the agent

For 15$. And if we add all other fees like paypal fees and bank charge it will

Be about 390$.

So now putting in mind the 300 ,000 naira capital we have. We bought a product

For 390x500 for 195,000 naira and the shipping and clearing should be at about

40,000 and total is now about 235000.

So now we will look for the best possible way to promote this product. And if we

Look at it it will be best to promote it with a video ads, which mean we will

Need a promo video for this. Then you can search youtube for promotional video

Of the product or u can create one yourself by using it on your car. This is

Even better .

Then we then use the left over say 50,000 for advertising, lets use facebook. So

We use 30,000 naira to run a facebook advert for this product. And the rest will

Be for logistic.even thou this is a left over of 25000 naira, you can use that

To take care of the order that came in and then use money made from the sales to

Cover more logistic charges or simply make the customer pay for it .

Before this we must have calculated the selling price of the product after

Putting everything togetrher. Lets do that.

Buying price+shipping and clearing+advert cost+logistic
195000+50,000+30,000+25000

Am not saying 30,000 will cover the cost of selling all thye 50 pieces but if you target the right people then it will do.also note that there might be other expense like transportation etc

So to calculate the selling price we will divide the above by 50 and then add our desired profit to it

So we have 300,000/50 which is 6000, so if we want to make a profit of say 10,000 on each product we can then add 10,000 to the cost of a unit of the product and the selling price will be 16,000 naira.

So selling 50, pieces at 16,000 naira will giv us 800,000. 800,000 naira so lt us remove expenses from this which is 300,000+50,000 expenses

800,000-350,000 is 450,000 profit, let me say we make 300,000 naira profit.

Now if you target right you can sell 50 pieces of this itm two times in a month which is 100 pieces a month. Which means you will be making 600,000 monthly with a good marketing.

So if you can be making 600,000 naira profit monthly then in 12 months you can make 7,200,000 which is even more than the 5000,000 to build you a house.

This is how you can use importation to achieve this goal of building a house of 5,000,000 with 300,000 naira only.

Watch out on how to use other business model aside mini importation to also build a house of 5000,000.

You can leave a comment to criticize this or ask question, boths are welcome

(1) (Reply)

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