Hello Nairalander,

I have been offered an advance Loan of =N=1m at 19%P.A interest. What kind of business do you think i can invest into?

Professinal advice needed.

darellone:

Hello Nairalander,

I have been offered an advance Loan of =N=1m  at 19%P.A interest. What kind of business do you think i can invest into?

Professinal advice needed.

Fixed deposit.

@ Sauron,

Banks are offering me 12.5% P.a and the loan is secured @ 19% P.a, Definately out of it.

Anyway, thanks for your response.

Professional advise still needed.

darellone:

@ Sauron,

Banks are offering me 12.5% P.a and the loan is secured @ 19% P.a, Definately out of it.

Anyway, thanks for your response.

Professional advise still needed.

I don't really know too much about the Naija market but with 1 million bucks. . .U can't go wrong!!!

I feel you should look at the area of buying and selling of stuff that people are really in need, you may not venture into any business that will require constant electricity, so that you will not be frustrated.
Good luck!!!

Sirdayor:

I feel you should look at the area of buying and selling of stuff that people are really in need, you may not venture into any business that will require constant electricity, so that you will not be frustrated.
Good luck!!!

If you gonna look into that, you need to make sure that its something that will move very quickly cos you will need to have a price markup of about 30% to be able to make a profit. Cos you are getting the loan at 19%. Your markup should be higher than your loan rate plus other expenses of getting the product like transportation, bribery oga police  , storage/storekeeper etc.

That is on the assumption that you have one turnover per year. However, lets say you plan in having the money yield about 50% per year and you can turn around a particular product 4 times a year, that will break down to about 12.5% per trip. So you might markup to 20% to cater for all the business spending like we talked. Take away the 19% (totals almost 80% per year) and that is when you can make a living and save a little for u.

Just make sure u buy things that move. You can definately do better than the fixed deposit. A lot of ppl in Naija are armchair investors who wanna be successful with little effort but you can do better.

Good luck to you.

@ Sirdayor

I really appreciate your suggestion.

@ Kunle-A,

You must be a good business analyst. Your suggestion, comments and recommendations are higly welcome.

Start a business that guarantees constant/daily inflows.

I suggest transport because a bus in lagos gets atleast 5k every day.

Check d Rate of returns yourself. A bus cost aroung 800k, so you can use the remaining 150k for another small business.

God will multiply the little in your hands, Amen!!!

@ Donsilas,

That was quite impressive, I really appreciate your contributions: most especially the analysis.

found out u r online. my yahoo id is- silas2000ks. add me so we can chat

Take N100k from that amount and i will show you an investment that pays you N23,400 every day monday to friday except weekends and public holidays. Holla fundsforbiz@gmail.com

@babaearly
I will greatly appreciate if you forward me same.
thanks

babaearly:

Take N100k from that amount and i will show you an investment that pays you N23,400 every day monday to friday except weekends and public holidays. Holla fundsforbiz@gmail.com

Share the investment plan with me on raymondedeh@gmail.com.

pls send me details @ moroz4real@yahoo.co.uk thanks,

babaearly:

Take N100k from that amount and i will show you an investment that pays you N23,400 every day monday to friday except weekends and public holidays. Holla fundsforbiz@gmail.com

Pls send me the details also = sonety2k@yahoo.com

dare,honestly you need to consider joining a cooperative society

You did not mention wether u want passive income (if you are presently actively engaged on some other things) or you want to be actively involved in turning the money around, also your passion or knowledge base is not mentioned.
However, Telecoms, Transport, Finance & Food are top areas where that kind of money can fetch up to 100% pa, you may also cautiously diversify, each of these fields have their areas of frustrations, that's what you should watch out for & invest in, i.e areas of great societal needs.
Telecoms in particular is an hot cake now & can give 3-5% weekly presently. I am quite familiar with this if u think u need my assistance.
Best of luck

Chairman abeg still forward d 23k per day biz to my email- kris4excellence@gmail.com, thanks.

babaearly:

Take N100k from that amount and i will show you an investment that pays you N23,400 every day monday to friday except weekends and public holidays. Holla fundsforbiz@gmail.com

Pls send details to jemby4u@yahoo.com

bros i m highly interested in the deal.
pls notify me wt the details .
austin2all@yahoo.com

Pls Newdawn Send details to sea2aquarium@yahoo.com

CAPITAL is not the first thing to look for when set to start a business,  the following wil help u in ur business venture

1.have a passion
2.conceptualise a business idea
3.carry out ur SWOT ANALYSIS(STRENGHTS,WEAKNESSES,OPPORTUNITIES & THREAT)
4.identify a strategic location for ur business
5.identify ur market( i.e those whom u r to sell ur services and goods to)
6.identify those who would be ur stiff competitors
7.do a market analysis