please fellow Nairalanders, I want to know the average profit one can get in any business setting before one can call it a success. I mean everyday. Thanks

Depending on the business involved.

It's relative.

If you're selling chewing stick and you make N2,000 daily that's success.

If you own a standard boutique and you make N2,000 daily then your village people, your neighbors and your ex-girlfriend have kept you in a calabash and tied it with red bandana.

naijacutee:
It depends on your field.

In my day job, I make around N110k before taxes. My side hustles make an average of N5,500 consistently each day. I'm trying to break this glass ceiling.

I find this openness refreshing.

Cheers

@tallfish145

It depends on your personal goals. Note: if you allow supposed "standard profits" guide you, greed could easily creep in and make you lose focus.

No, it's not a sermon. You can check up one of Jim Collins' books (I think it was "Good to Great" )

There he showed - with data - that companies with modest STRATEGIC growth plans almost always trumped the guys who kept setting unrealistically high goals.

Focussed growth will always beat erratic "profits" pursued just for the heck of it.

It could sound a bit old school but the slow, focussed tortoise will win the race, eventually.

Ur success in business is partially based on your spending habit

If you make 1000 per day & spend 1,500 per day compare to some1 who makes 500 per day and spends 300 per day

Financial success is not a factor of how much u make but how much u can keep and reinvest after making it

What's your side hustle?

naijacutee:
It depends on your field.

In my day job, I make around N110k before taxes. My side hustles make an average of N5,500 consistently each day. I'm trying to break this glass ceiling.

Teach me
[quote author=naijacutee post=55195007][color=#000099]I have 4 blogs. 1 of them makes around N700 a day through Adsense and the remaining N4800 through affiliate marketing.

Except this week. This week, I made N11,428 a day via affiliate marketing. I don't know - one of my links seemed to have converted like crazy last week. I wasn't sure if the phantom clickers would buy but they seemed to!

.