Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,675 members, 7,862,116 topics. Date: Sunday, 16 June 2024 at 08:56 AM

Why The Foreigners Continue To Prosper In Nigeria - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Why The Foreigners Continue To Prosper In Nigeria (479 Views)

You Will Remain Poor Forever If You Continue Doing These 8 Things / Ghanaian Traders Lock Shops Belonging To Nigerians & Other Foreigners / Economic Recession: Nigerian Banks Prosper While Nigerians Groan (2) (3) (4)

(1) (Reply)

Why The Foreigners Continue To Prosper In Nigeria by seguntijan(m): 8:32am On Jul 05, 2017
I got this from my professional group on whatsapp and thought it was so apt and on point I just had to repost it to other Nigerians still shouting about famine or forex or economic downturn...

"Recently I was telling a friend that Cool FM, Wazobia FM, Nigeria Info, Wazobia TV, Cool Link, Chocolate Royal etc, is owned by an individual. The guy shouted that is not true! When I further told him that it was owned by a Lebanese, the guy almost punched my fine face (make I show myself small. LolZ).

Most Nigerians currently feel like hanging Mr. President. Particularly the importers due to the dollar rise. I've been feeling the same way too until I had an encounter with a Chinese guy, and I've tagged my feelings as stupidity.

This Chinese guy has a factory where he manufactures furnitures here in Nigeria. One of his raw material is wood, which he source from Nigeria because Nigerian wood is cheap and of the best quality. But he has to import other accessories. But one of the amazing thing is, since the rise of the dollar the guy has been importing accessories, yet he has not increased the price of his products. So how come?

This guy put his wife in charge of the factory, while he spends most of his time at Shagamu buying timber and exporting to China. The money from the exported timber that was suppose to be transferred back to him here in Nigeria, is been used to buy the furniture accessories he uses for production. By so doing he doesn't need to buy dollar.

So he said, Emmanuel, I don't have problem with dollar rising to N500 against the naira...because I don't need it for anything.

He said his Indian friend does the same thing with ginger export. While the only thing we Nigerian's do is exporting our complain on social media.

So the Indians and the Chinese are busy coming up with strategy that has defiled the dollar challenge, we Nigerians are shouting dollar is high. "

Again it is all about taking advantage of the situation to move ahead stead of just wailing on social media. Let's all start THINKING AND DOING even as we criticize govt policies we don't like!

God Bless The Federal Republic of Nigeria.
Good morning
Re: Why The Foreigners Continue To Prosper In Nigeria by mendelsmattress: 10:18am On Jul 05, 2017
HOW TO MAKE N150,000 MONTHLY RESELLING QUALITY FASHIONABLE rubber MEN SUEDE shoe
This cute, lightweight and stylish Men rubber Suede shoe is a must have for Men this. They are excellent for leisure, casual and official outings
Features
Bronze belt tendon detailing
Durable and comfortable
Shock-absorbent and skid-resistant
Men get that elegant and stylish look
Material: 100% Suede coated rubber
Sole Type: Suede Coat
size available: 40, 41, 42, 43, 44 & 45
COLOURS: BLACK, BLUE, RED
HOW DO I START?
Bulk Wholesaler/Reseller
You can start with little capital, no stringent condition to get started. You have good profit margin (the difference between the wholesale prices and the recommended unit prices) Because the product is HOT SELLING , you do not have stiff competition. You enjoy the monopoly of selling the product in your location. You don’t need an office space to get started; you can operate from the comfort of your home and deliver to the customers that want to buy.
As a reseller the minimum you can start with is N30,000 (1 CARTON- 30PCS)
Let us do some calculation:
Reseller buy 1 CARTON(30pcs) @ N30,000 which is N1,000 each and sell for N2,000/pc
If u can sell 5 CARTON in a MONTH your profit - 5 cartons (150 pcs) x N1000 profit margin each = N150,000
Wow! What a lucrative business!
Become a distributor, buy in bulk and sell to resellers or use marketers
SO, IF YOU COULD MAKE N150,000 MONTHLY SELLING BY YOURSELF THAT MEANS YOU CAN MAKE MORE BY LEVERAGING ON THE EFFORT OF OTHER PEOPLE.
I KNOW YOU WANT TO HEAR THIS
This is what is called the POWER of leverage: ie by leveraging on other people effort.
Get sales agents
You buy the item for N1000; you give the marketers @ N1,500 while they sell @ N2,000
Let us assume you have 10 marketers that sell 5 carton each in a month.
Let us do the calculation
10 (marketer) x 5 carton (rubber suede shoe)= 50 carton
50 carton( 1500 pcs (total the marketer sold) x N500(profit each) =N750, 000-
ie you will be making N750,000 MONTHLY
Oh my GOD!
Wow! What a lucrative business!
To become a RESELLER/DISTRIBUTOR CALL:08033264815, BETHELMENDELS INT'L LTD
27 Atunike Olabanji Street, Off John Olugbo street, Off Balogun Bus stop, Obafemi Awolowo Way, Ikeja, Lagos
www.bethelmendels.com.ng

(1) (Reply)

Do You Have Items You Want To Sell Online? Grad This / I Redeem Itunes Gift Card...instant Cash!!!! / Want To Work At Facebook? How To Get Hired & Succeed!!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 20
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.