Is engine oil business profitable in Nigeria. I am based in Ekiti. Somebody advised me to do it. But I need more advice. The person said I will buy the drum and get empty coke bottles to be selling. He said I can make more than 50k on a drum. I am a graduate that have not secured any job apart from private school teaching jobs since graduation. Please advise me honestly. Is oil business profitable. Some body is planing to help me with a million naira. Please be sincere with me on your advice.

Mod please help me

lonikit:
Is engine oil business profitable in Nigeria. I am based in Ekiti. Somebody advised me to do it. But I need more advice. The person said I will buy the drum and get empty coke bottles to be selling. He said I can make more than 50k on a drum. I am a graduate that have not secured any job apart from private school teaching jobs since graduation. Please advise me honestly. Is oil business profitable. Some body is planing to help me with a million naira. Please be sincere with me on your advice.

Mod please help me

If you have a million naira, engine oil business should not be your way

dawnomike:
If you have a million naira, engine oil business should not be your way

Then suggest something better na

It is good if you have a good location like bus stop, motor park with proximity to mechanic work shop
Pls do Ur research very well before you jump into it
U can try it with less than 50k if it turns out profitable then you can invest more imoney into iit

It sells, your location matters too.

There is no business that is not profitable, it all boils down to the location.
Engine oil business is a profitable business only in the long run. If you don't have any other areas where you can be getting financial support in helping yourself it will be very difficult to break even cos of the profit margin. That is the area location matters, because if you are getting lot of customers who patronize it will be far better than been in a location where you cant even make up to 2000 profit a day .

stocktaker:
It is good if you have a good location like bus stop, motor park with proximity to mechanic work shop
Pls do Ur research very well before you jump into it
U can try it with less than 50k if it turns out profitable then you can invest more imoney into iit

Thank you so much

Cassandraloius:
It sells, your location matters too.

Ok sir. Thank you so much

Derende:
There is no business that is not profitable, it all boils down to the location.
Engine oil business is a profitable business only in the long run. If you don't have any other areas where you can be getting financial support in helping yourself it will be very difficult to break even cos of the profit margin. That is the area location matters, because if you are getting lot of customers who patronize it will be far better than been in a location where you cant even make up to 2000 profit a day .

I am grateful. Thanks for your input.

If you can honestly answer this question, then you have the answer you need.

If you want to start a buying and selling business, who do you consult?
1. Aboki & ibo boys who run similar hustle.
2. Anonymous, random source online.
3. Class room professors

lonikit:
Is engine oil business profitable in Nigeria. I am based in Ekiti. Somebody advised me to do it. But I need more advice. The person said I will buy the drum and get empty coke bottles to be selling. He said I can make more than 50k on a drum. I am a graduate that have not secured any job apart from private school teaching jobs since graduation. Please advise me honestly. Is oil business profitable. Some body is planing to help me with a million naira. Please be sincere with me on your advice.

Mod please help me