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Nairaland Forum / Nairaland / General / Business / Help Needed! What Business Can I Set Up With 5m Naira (8868 Views)
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Re: Help Needed! What Business Can I Set Up With 5m Naira by donttouch: 2:58am On May 22, 2017 |
kanzjude: Can I know about it? |
Re: Help Needed! What Business Can I Set Up With 5m Naira by solreb: 8:49am On May 27, 2017 |
Your analysis is off. It shows that you are not in that business. You get 40% oil per ton of pkn. It means you make N124k per ton if you sell Pko at N310k per ton. You get about 55-57% of pkc per ton of pkn.. It means you earn about N14 k on pkc. About 3-5% sludge will earn you only about N2k on a ton of pkc. So you will earn about N140k from all the sales and you buy pkn for N130k your gross profit is N10k per ton and not N80750 claimed by "secure". The truth is you have to sell your pko for N380k and pkc for N38k or more which are the ongoing market rate. It is a good business.Typically you get 20-30% profit margin if you are able to get Pkn. I just pointed out the error in the post just for you to wary of "consultants" out there who will use your funds to get experience. Watch out for them in any biz you finally decide for. Good luck Kindly contact me on this number 07033881710 , calls and WhatsApp [/quote] quote author=secure post=56528507] Investing in Palm kernel oil extraction would be the best for you at the moment because it guarantee a monthly return on investment of about 30-40%. The business of palm kernel oil extracting has never been so good since the era of President Obasanjo's regime. The present policy of President Buhari is definitely favouring the sector as it is no more easy for people to import cheap refined vegetable oil from Malaysia and Singapore. With today's price of the raw material (palm kernel nuts) going for Ñ130,000 per ton at Edom, Ondo and the finished product (PKO) selling for N310,000 per ton and (PKC) selling for N25,000 per ton, operators are looking at a gross margin of not less than N80,750 for every ton of PKO processed. Kindly contact me on this number 07033881710 , calls and WhatsApp [/quote] |
Re: Help Needed! What Business Can I Set Up With 5m Naira by ijeshaboy: 12:31pm On May 27, 2017 |
tugrow:08060435205 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by secure: 3:45pm On May 27, 2017 |
@solreb I only quoted the price of PKO/ton as at the day of posting and not the price of quantityof PKO you get from one ton of PKN. and perhaps when forcasting for an investor you should paint the picture of the worst case to be able to see how viable the business is and not the best cases. Thank you. |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Koval12(m): 10:35am On Jun 01, 2017 |
cifo1145:I will do that now |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Agrozenith: 10:48am On Jun 01, 2017 |
U can invest in livestock farming, if u are interested call. 07059331714 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Koval12(m): 12:05pm On Jun 01, 2017 |
It's well |
Re: Help Needed! What Business Can I Set Up With 5m Naira by zinosleek(m): 12:12pm On Jun 01, 2017 |
anyone can succeed online http://dayhub..com.ng/2017/05/how-to-make-money-online-doing-anything.html |
Re: Help Needed! What Business Can I Set Up With 5m Naira by kayla12(f): 12:35pm On Jun 01, 2017 |
Have you thought about investing into property? If you are based in Lagos, you will know that property appreciates regularly. So think of buying properties leave it for a period to appreciate then resell. Thank me later |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Olatunde26: 12:41pm On Jun 01, 2017 |
Koval12: Investing in tree crops will not be a bad idea to. We have crops like plantain and oil palm. For instance, 1m will be sufficient to set up a plantain farm including farmland purchase, clearing, planting and cost of management. ROI is within a year. |
Re: Help Needed! What Business Can I Set Up With 5m Naira by osita123(m): 5:54pm On Jun 01, 2017 |
[color=#006600] tugrow:[/color] Please add me to the whatsapp group 08088996351 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by chaloner(m): 6:34pm On Jun 01, 2017 |
Koval12:have an investment that will b giving u BTW 125k to 130k weekly if u can invest 3,200 000. U can WhatsApp or call o7o37706852 for more info |
Re: Help Needed! What Business Can I Set Up With 5m Naira by KingOfThePay(m): 7:27pm On Jun 01, 2017 |
5m to setup a business that you can be making how much from.? Why now! First, what you need is resourceful knowledge and information Keep your 4.5m aside. Less than 500k is enough.... Whats the difference between a business you can start with 150k to 300k and made 10m yearly and a business you started with 5m and still made 10m yearly. You dont need up to a quater of that amount to set up a business that will be making you 500k-1m monthly. Business : Importation Buy things at extremely cheap prices and sell to make over 200% profit. Not any kind of products. High in demand products. This is 2017 not 2005. 5m to start a business say wetin You can pm me for contact. However, dont start asking me "how stuff works via mail" |
Re: Help Needed! What Business Can I Set Up With 5m Naira by emmybiz(m): 9:25pm On Jun 01, 2017 |
Hello nairaland. I am a graduate in my mid twenties. I recently resigned from my place of work after saving up some money to start up a business. The big dilemma here is the business to venture into. I honestly don't know any business that can guarantee me about 100k monthly. I have been able to save up over 5m. I need your sincere advice. Help a friend please. Thanks. Castor plant "the new oil on tree " it's been discovered that Nigeria has the best land to grow castor in the world, yet this product is imported, about N26billion worth of castor oil is imported yearly and yet it's not enough? because of its enormous benefits and importance in almost all industries and also used as a basic thing in our everyday lives. Castor bean is so important that we don't even know. *The reason why your paints glossy is castor* Its a basic thing in our life. *Woman in labor need castor oil*. *Even the cars we drive glows, thanks to castor( talking about the paint)* *The shinny woodwork and furniture in you house. Castor is d secret*. *Anything you see that is shinny has Castor oil in it*. Do you know that *Electricity generating Companies need castor oil....unfortunately Power Holdings in Nigeria import castor oil for the transformers*. *The money in castor is even more in production of its oil*. *With a small machine. A castor oil producer can make 1 billion naira in a year* Crude castor oil could be sold to *electricity company, textile industries, paint industries, Aviation industries*. Pharmaceutical and cosmetics industries to mention few . All this industries needs castor oil and presently they import the oil from India and china . *Pharmaceutical industries need organic castor bean oil to produce pain killers* *The world consumption is high and production is too low* Castor is very rich in protein, but also very poisonous, because of the high Rasin content. Though the rasin can be removed. *Facts that will marvel you* *Castor is a 7 year plant*. This means that one time investment will last for 7 good years....to me this is incredible. *A ton of castor bean sells for $1,500 USD as at now* If you plant castor on 2� acres of land (1 hectare). *You get 1 ton every 5 months for 7 years* This means you will harvest for about 15 times. *It starts producing as from d 5month after planting*. *It only need 4 rain, or watering to survive*. *And that makes you a silent millionaire* because people don't even know it when they see it. *The whites come to us to look for it* We don't have good castor seed in Nigeria but we have the best land for castor plant. Selling your castors after harvest wouldn't be a problem because the demand is really high,Right now,there's this agro company which will provide you with cheap farmland ,manage the castor farm and also buy all the harvest .You can have your castors farm fully manage for you by this company Monrole global.They will provide you with cheap land to cultivate your castor and also sell it for you after harvest. You can contact me on whatsapp for more on how to be part of Monrole global. 1 Like |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Nobody: 2:00am On Jun 02, 2017 |
dennisworld1: I ended up hitting the like button on your comment...but lemme ask you, do you really have to go this far just to convince him to use the money open a bet9ja business?? Bet9ja isn't feasible. It doesn't stand the test of time. It's not a sustainable income-bringing investment. Fades with the trends. 1 Like |
Re: Help Needed! What Business Can I Set Up With 5m Naira by fannybaby(f): 2:14am On Jun 02, 2017 |
dennisworld1:. This is great |
Re: Help Needed! What Business Can I Set Up With 5m Naira by agbus: 10:43am On Jun 03, 2017 |
Plz add me Im interested in the garri processing. 08035060204 Thanks |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Koval12(m): 5:26pm On Jun 03, 2017 |
Bobugee:Exactly my fear. Do you have a better alternative? Am just taking my time not to rush into any business. From what I have heard, even Uber isn't that lucrative again. 1 Like |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Koval12(m): 5:30pm On Jun 03, 2017 |
KingOfThePay:why not drop your whatsapp number sir. I will chat with you up |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Nobody: 6:50pm On Jun 03, 2017 |
KingOfThePay: I will like to speak with you please |
Re: Help Needed! What Business Can I Set Up With 5m Naira by solomon4all: 7:59pm On Jun 03, 2017 |
With such an amount, i will give you 150k every month but you have to be actively participating in the business. Its an engine oil business for vehicles and its moving. Contact me on 07030166728. Regards. |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Nobody: 12:38am On Jun 04, 2017 |
Koval12: With the amount of cash you currently have in your possession, it can help hoist you a mini supermarket somewhere in the city. But you need to learn all the nitty gritty in the business before you invest any money. |
Re: Help Needed! What Business Can I Set Up With 5m Naira by DrUche3(m): 1:08am On Jun 04, 2017 |
tugrow:Tell me more sir. |
Re: Help Needed! What Business Can I Set Up With 5m Naira by DrUche3(m): 1:16am On Jun 04, 2017 |
tugrow:08069225995 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by DrUche3(m): 1:41am On Jun 04, 2017 |
Koval12:OP, I'm an Entrepreneur and won't deceive you. Simple advise "not all that glitters is gold" Some ideas may sound very great but in actual practice may not be the same. 1. Think 2. Consult 3. Think 4. Ponder 5. Think 6. Imagine 7. Think 8. Meditate 9. Think 10. Smile and finally give it a shot! Warning: Don't plunge into a single investment; Create multiple streams of income! 1 Like |
Re: Help Needed! What Business Can I Set Up With 5m Naira by lukaf17(m): 6:31am On Jun 04, 2017 |
tugrow: Add me 08153014698 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by ladydeb: 1:55am On Jun 05, 2017 |
Tugrow pls add for the garri processing 08097546220 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by destiny25(m): 12:29pm On Jun 05, 2017 |
Tugrow, please add me for the garri processing. 08030995159 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by KingOfThePay(m): 3:43pm On Jun 05, 2017 |
jomonic: Alright. You should check ech your pm |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Mastamind88: 4:59pm On Jun 05, 2017 |
tugrow:add 08075663963 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Phancyorganic10(f): 5:12pm On Jun 05, 2017 |
Koval12: Hello, am a skincare cream producer, and am also looking to growing a firm, i have a mini factory that goes with nafdac requirement but no money fir registration yet. You can be partner with me and with #500,000 we can build a firm together, cream business is a very profiting business and with the right advertisements it would grow very big in no time. You can invest in other business too, but i wont advise you to invest all your money in one place, every business has its time when tinx are up and down, having multiple investments would give you peace of mind, if you are interested please contact me on whatsapp 08166450456 |
Re: Help Needed! What Business Can I Set Up With 5m Naira by Forex4u(m): 5:31pm On Jun 05, 2017 |
IPO shares is the only guaranteed way to earn your money, safe yourself the stress of starting any business now in Nigeria, think well before you act, mind you that there are good business but a lot of bad managers, people will tell you that and in reality it is this, do your research well, how many wealthy men do you still see investing in Nigeria, or do you not know that your country do not have a good economy, my kind of advice are normally ignored because it does not entice gullible minds but only wise and smart investors, take your time, this is Nigeria, and be mindful of persons here dropping phone numbers and email address that you may contact them, many here do not have financial education but still pose as the greatest consultant, I don talk my own. 2 Likes |
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