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Nairaland Forum / Nairaland / General / Jobs/Vacancies / Business Idea For A Budget Of 500k (26975 Views)
Is This A Good Idea For Interview Abroad. / Is A Nigerian Salary Earner Of 500k Per Month Considered Rich? / Any Business Idea I Can Start With 500k? (2) (3) (4)
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Re: Business Idea For A Budget Of 500k by Misternas89(m): 8:19pm On Dec 14, 2021 |
Sheriman:Yea thanks my brother. Would work on learning those skills by God’s grace any moment. Though my laptop has been faulty for now with a bad screen, and I was told having a personal computer is just the very first step in learning digital/ tech skills. I stand to be corrected tho. |
Re: Business Idea For A Budget Of 500k by Nobody: 8:28pm On Dec 14, 2021 |
Ungodly: Drop shopping is a method of e-commerce where you sell products without keeping an inventory, your role is to promote the product like you own it, then once there is an order, alert the manufacturer to ship it on your behalf. You can also engage in print on demand, which involves creating designs for different products, then once there is an order, you notify the manufacturers, they will print the design on your behalf and ship it. You can source products from aliexpress.com and display them on your site. The products from China are way cheaper, but they are also not always of good quality and take time to ship to other countries. There are other options, one is spocket, which helps you outsource product from the USA suppliers, and ship it at a faster rate too, and printful, which is a print on demand platform. The profit margin is less here, but it adds credibility to your business, due to the quality of the product and faster shipping rate. The process can be set up to run automatically on Shopify or woo commerce, although it will cost some money, the hard part is marketing, eCommerce is highly competitive, therefore you need to be innovative. It is also recommended to stick to one product that you have a good knowledge of, this adds authority to your site, for SEO. 1 Like |
Re: Business Idea For A Budget Of 500k by Sundaycomputer: 8:28pm On Dec 14, 2021 |
Play bet |
Re: Business Idea For A Budget Of 500k by RussellRutherfo: 8:34pm On Dec 14, 2021 |
wisz1: I laugh when they keep suggesting a Barber Shop and hand it over to another to run. Disaster.. This was how in the past. I took some money I saved and gave a family member who in turn didn't have the experience and gave another person. Till business packed up and money invested gone. 1 Like |
Re: Business Idea For A Budget Of 500k by RussellRutherfo: 8:36pm On Dec 14, 2021 |
Brexxit: How much of that Shiba did you buy? I bought some but it's been losses. |
Re: Business Idea For A Budget Of 500k by Jilingori: 8:39pm On Dec 14, 2021 |
Invest your money in wpp WPP Group is the world's largest and most advanced advertising media group. The company was founded in 1971 and is headquartered in London, England, with 3,000 offices in 110 countries and more than 162,000 employees. WPP Group has more than 60 subsidiaries, mainly serving local, multinational and global customers, providing services such as advertising, media investment management, information consulting, public affairs and public relations, brand building and corporate image building, medical and pharmaceutical professional communication. WPP APP is a product of WPP Group. WPP APP is a promotion platform with more than 500 employees and more than 10,000 cooperative merchants from Facebook, YouTube and Tiktok. The company is currently recruiting formal members in the Nigerian market to help businesses and influencers on social platforms such as Facebook, YouTube, and Tiktok like or follow their short videos. Every time you help a merchant to add a like and follow task, the platform will charge a service fee to the merchant or internet celebrity, and the platform will use most of the money as a commission to the members who complete the task. This has also solved the employment problem of many people. |
Re: Business Idea For A Budget Of 500k by RussellRutherfo: 8:44pm On Dec 14, 2021 |
Re: Business Idea For A Budget Of 500k by abah001: 9:01pm On Dec 14, 2021 |
seyicodes: How can someone go about it |
Re: Business Idea For A Budget Of 500k by BabaIbo: 9:06pm On Dec 14, 2021 |
HenryDion: You don't know anything about business Mr man. No reasonable amount is too small in a business... Generally, those who started small and grow with time by investing more tends to outlive those who started big. 1 Like |
Re: Business Idea For A Budget Of 500k by BabaIbo: 9:13pm On Dec 14, 2021 |
OP be mindful of all these advice flying up and down and again all these chat me privately people, please. It is for your own good o... Another thing is it is not advisable to employ someone to manage a business you don't know the in and out of it. Before you employ someone, you should have managed it for sometimes to know the flow of the business for easy calculation, stocking etc. That will be a stupid risk unless you deal in goods that are easy to calculate OR count, e.g cement, cartons goods etc. These days pos owners that are novice in that line dey run loss sef, for you to know the kind of workers out there. |
Re: Business Idea For A Budget Of 500k by InoGetJoy: 9:19pm On Dec 14, 2021 |
RussellRutherfo:You'll see |
Re: Business Idea For A Budget Of 500k by RussellRutherfo: 9:21pm On Dec 14, 2021 |
Re: Business Idea For A Budget Of 500k by Ungodly: 9:23pm On Dec 14, 2021 |
Adakintroy:scam is written all over this… mad person 1 Like |
Re: Business Idea For A Budget Of 500k by Adakintroy: 9:32pm On Dec 14, 2021 |
Ungodly: Most times I wear bathroom slippers with worn out clothes like a mad person and tell people I a have millions in my acct. Premonitonally I take it they won't believe. And they usually don't Humans are strange They don't investigate much they are lazy that way. They judge by site or perceive pre existing conceptions. Dont worry about the money. I can give you even more than that. Money is nothing to make in Lagos. Just to think you know much that's all. Investigate proper. But with a free mind. |
Re: Business Idea For A Budget Of 500k by InoGetJoy: 9:36pm On Dec 14, 2021 |
RussellRutherfo:Hahahahahahahahahahahahajajahahahahahahah.... honestly, I don't have strength to explain but BTC will drop to around our below $20k and it'll take up to 2 years to rise to current price |
Re: Business Idea For A Budget Of 500k by damosky12(m): 9:45pm On Dec 14, 2021 |
HenryDion: Like how much is the minimum you think will suffice? |
Re: Business Idea For A Budget Of 500k by Ungodly: 9:51pm On Dec 14, 2021 |
Adakintroy:oshey shalaye fc… the guy no dey message you privately sha, anything wey you wan yarn for am put am here make we see… 4 Likes |
Re: Business Idea For A Budget Of 500k by Yomit71(m): 10:12pm On Dec 14, 2021 |
Misternas89:shit ain't funny! I hate school |
Re: Business Idea For A Budget Of 500k by Oyinlomobambam(m): 10:54pm On Dec 14, 2021 |
AdeOri99: How do I set up this with 500k? Please share more knowledge |
Re: Business Idea For A Budget Of 500k by Nobody: 10:56pm On Dec 14, 2021 |
KingAfo:pls pass me d lady's number... 1 Like |
Re: Business Idea For A Budget Of 500k by SavageResponse(m): 11:41pm On Dec 14, 2021 |
Adakintroy: Abeg keep quiet na so una go dey lie! If you really knew an easy way to make money in Lagos and have actually been making money you won't be here contesting for capital of 500K 3 Likes |
Re: Business Idea For A Budget Of 500k by RussellRutherfo: 11:46pm On Dec 14, 2021 |
InoGetJoy: I reject it brother. You wan make people commit suicide? |
Re: Business Idea For A Budget Of 500k by Hdanny(m): 12:47am On Dec 15, 2021 |
AdeOri99:That's cool Do you know how to do a thorough product research? I mean winning product that will sell fast |
Re: Business Idea For A Budget Of 500k by calcal: 1:04am On Dec 15, 2021 |
FKMagazine: Scammer |
Re: Business Idea For A Budget Of 500k by 360command: 3:09am On Dec 15, 2021 |
Misternas89:go into research. Sell your research, you can also go into environmental consultancy or you write a book .. |
Re: Business Idea For A Budget Of 500k by tabontabon: 5:37am On Dec 15, 2021 |
Good morning, thanks for sharing this. Please, how can one go about selling beers of different breweries at wholesale to retailers. For example,selling brands of NB, International Breweries etc. And how does one get good prices from the various distributor as a first time buyer. adonainana: |
Re: Business Idea For A Budget Of 500k by Themi06: 5:55am On Dec 15, 2021 |
adonainana:I like your idea, can we get to the specifics? |
Re: Business Idea For A Budget Of 500k by adonainana: 5:56am On Dec 15, 2021 |
tabontabon: Could you rephrase your question Also there aren’t different breweries to be specific . There are mainly two of them Nigerian breweries and International breewirirs NB produces Goldberg, star radler etc whilst international breweries produces trophy, Budweiser, hero, trophy stout, beta malt grand ...... 1 Like |
Re: Business Idea For A Budget Of 500k by adonainana: 6:02am On Dec 15, 2021 |
Themi06: Check out this two quotation The first is from the brewery themselves a crate of trophy costs 2170 naira second picture is from the retailer that supplies our hotel her own price is 2700 per crate So much difference How money you have in investing into this business proposal would determine how much money you will make Also this business is like no other business because the products are sold even before they arrive Beer is not like any other commodity in this Nigeria like cars or cement or iron rods or clothes 2 Likes |
Re: Business Idea For A Budget Of 500k by TinubuGoQuench(f): 6:04am On Dec 15, 2021 |
FKMagazine: Na scam you be. Scammer!!! |
Re: Business Idea For A Budget Of 500k by Themi06: 6:26am On Dec 15, 2021 |
adonainana:So what are the these you need apart from the capital. From what you're saying you have the space, transportation vehicle, some supply route.... |
Re: Business Idea For A Budget Of 500k by tabontabon: 6:34am On Dec 15, 2021 |
My questions are: 1: In the absence of large capital to buy directly from the two major breweries, how can one negotiate good prices with their dealers(major distributors) such that one can also sell at reasonable wholesale prices to retailers (buyers of few crates like 1,3,5 crates etc). 2: (assuming one is able to raise capital to buy directly from just one brewery), Is it advisable to start off with the products of a single brewery as a distributor. adonainana: |
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