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What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly - Business (2) - Nairaland

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Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by divineappo(m): 2:03am On Mar 20, 2018
Akalia:
Sure. The logistics should include the following:

(1) A rented space (since you don't have the capital to buy your own land and erect a building; rented space is even relatively cost effective, for a starter).

(2)interior fittings- air conditioning system, televisions, tables, chairs, ground tiles, wash hand sinks, lavatory e.t.c

(3) Kitchen utensils, cutlery, refrigerator, plates e.t.c

(4) A strategic location- somewhere that will be very open to prospective customers.

(5) Reserve at least a four month salary in advance for your employees (say two to three employees)

There are more to the logistics than what I wrote above, just run a feasibility study and market survey. A friend of mine started his with less than 300k, and the venture is booming.
Lol
u are funny, very funny

3 Likes 1 Share

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Nobody: 3:17am On Mar 20, 2018
@Mr OP, I sincerely appreciate your courage and determination on your quest to find a credible, legitimate and viable business model to invest your money.(500k)


The truth is that, it's always good to make an extensive research like you are doing before embarking on any project as this, either online or offline.

For the fact that you sought for advice on this forums and obviously stay glued to this thread, replying and responding to messages, mentions and feedbacks show how rigidly determined you are to start this your business.


To be honest with you, the mortality rate of infant business in Nigeria now is very high, extremely very high. Most especially in this Buhari regime. I can't recall how many of my clients' shops, stores and restaurants that have closed down for the past two years and they keep calling us to either help sell off their wares or take over the management of their business and balance them the principal capital later.


Starting up a new business doesnt always go the way we planned from the outset, it used to come with 50-50 chance. So sometimes, the budget we scaled to establish a new business will either go high or low.

For this reason, this is why I always encourage anyone who is planning to venture newly into a start-up business to take things easy, slow down but keep it steady. Invest and watch, then invest again.

My advice is this.... Whatever business model you finally resolved to invest the money, you should properly scrutinize it, carry out a survey and conduct a proper feasibility study. If it's viable, then invest 2/3 of the total amount you have with you and watch it for a while...

With this, you will get to know if the business can succeed/survive within some spate of time. Do not be deceived with the status quo of 'the more money you invest, the more profit/sale you will make'

You will get to know just as you begin to thrive.


On the contrary, why not study how Nigeria Stock Exchange (NSE), Share, Bond and the rest work? A greater understanding of Stock market may spur you to invest there while you make chase for another money, till you garner up some substantial amount that will give you the option of choosing among several other options of business.

Or consider buying a cheap land on a remote area. You can always resell your land and get back your money with some mouth watering margin?


Ruminate over this and get back to me.

Cheers!

5 Likes 1 Share

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 4:50am On Mar 20, 2018
EsteemedB:


I will suggest you learn the skill first. Alot of persons are in a haste to start a business and make profit without learning the skill properly.
I intend to start mine in the compound where I will be living. And am looking @80k - 100k. When I start will come and do testimony on your wall.lol.
All the best.
Trust me boss, have been in catfiorearing along time ago. It's over rated though. I wish you the best. Waiting for ur testimony aoon

1 Like

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 4:51am On Mar 20, 2018
3xQIm9F:
What are you good at ?
What problems can you solve in ur environment ?
What do you have passion for ?
I have passion in construction and supplying goods.
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 4:56am On Mar 20, 2018
Bobugee:
@Mr OP, I sincerely appreciate your courage and determination on your quest to find a credible, legitimate and viable business model to invest your money.(500k)


The truth is that, it's always good to make an extensive research like you are doing before embarking on any project as this, either online or offline.

For the fact that you sought for advice on this forums and obviously stay glued to this thread, replying and responding to messages, mentions and feedbacks show how rigidly determined you are to start this your business.


To be honest with you, the mortality rate of infant business in Nigeria now is very high, extremely very high. Most especially in this Buhari regime. I can't recall how many of my clients' shops, stores and restaurants that have closed down for the past two years and they keep calling us to either help sell off their wares or take over the management of their business and balance them the principal capital later.


Starting up a new business doesnt always go the way we planned from the outset, it used to come with 50-50 chance. So sometimes, the budget we scaled to establish a new business will either go high or low.

For this reason, this is why I always encourage anyone who is planning to venture newly into a start-up business to take things easy, slow down but keep it steady. Invest and watch, then invest again.

My advice is this.... Whatever business model you finally resolved to invest the money, you should properly scrutinize it, carry out a survey and conduct a proper feasibility study. If it's viable, then invest 2/3 of the total amount you have with you and watch it for a while...

With this, you will get to know if the business can succeed/survive within some spate of time. Do not be deceived with the status quo of 'the more money you invest, the more profit/sale you will make'

You will get to know just as you begin to thrive.


On the contrary, why not study how Nigeria Stock Exchange (NSE), Share, Bond and the rest work? A greater understanding of Stock market may spur you to invest there while you make chase for another money, till you garner up some substantial amount that will give you the option of choosing among several other options of business.

Or consider buying a cheap land on a remote area. You can always resell your land and get back your money with some mouth watering margin?


Ruminate over this and get back to me.

Cheers!
God bless you bro. I'm gonna write down this advice you gave me in a sheet of paper, paste it on my wardrobe so anytime I need to go out I would read and never forget.it made a lot of sense, concerning the stock exchange I'm going to make my research on them.

1 Like

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 5:02am On Mar 20, 2018
I appreciate all your ideas. I promise to make reference to them and utilize when necessary.seems the only good people in Nigeria are on nairaland. Awaiting more ideas, it's certain I'm not the only one benefiting from this ideas been shared here.
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by anitasoll(f): 7:01am On Mar 20, 2018
I suggest starting your own online business. You won't need this much capital to start. You just need time and hard work to make it work and succeed.
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 7:15am On Mar 20, 2018
anitasoll:
I suggest starting your own online business. You won't need this much capital to start. You just need time and hard work to make it work and succeed.
How do I go about it ma, my time are flexible

1 Like

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Nobody: 7:16am On Mar 20, 2018
Tlontin:

God bless you bro. I'm gonna write down this advice you gave me in a sheet of paper, paste it on my wardrobe so anytime I need to go out I would read and never forget.it made a lot of sense, concerning the stock exchange I'm going to make my research on them.

Cheers!

1 Like

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 7:17am On Mar 20, 2018
I want you all to know that you're not wasting your mb and typing for nothing. I'm reading all the comments keenly.God bless

2 Likes

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by zarutello: 8:35am On Mar 20, 2018
EsteemedB:


Wow. This is an interesting idea. The boxers and the beauty/care products sounds cool. Will like to contact you once am ready.


Anytime, i would be glad to explain better

visit our mart @ https://www.facebook.com/beautyMartNigeria/

You would forever be Happy
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 9:03am On Mar 20, 2018
zarutello:



Anytime, i would be glad to explain better

visit our mart @ https://www.facebook.com/beautyMartNigeria/

You would forever be Happy
I will
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by JustCalMeDBoss(m): 10:35am On Mar 20, 2018
I can introduce to to a multi level company where you can earn as high as 1% of ur capital every week day. meaning if u invest just 200k taken into consideration 22 week days in a month. u would be making 44k every month without stress ur money works for u while u watch. if interested contact me at 07068456953
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 8:50pm On Mar 20, 2018
JustCalMeDBoss:
I can introduce to to a multi level company where you can earn as high as 1% of ur capital every week day. meaning if u invest just 200k taken into consideration 22 week days in a month. u would be making 44k every month without stress ur money works for u while u watch. if interested contact me at 07068456953
What's is the name of the company sir, so I can do my research on it.thanks
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by SandB2017: 9:18pm On Mar 20, 2018
Take your time brother.
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Akalia(m): 9:18pm On Mar 20, 2018
divineappo:
Lol
u are funny, very funny
mtcheew
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by snakebeat: 9:49pm On Mar 20, 2018
anitasoll:
I suggest starting your own online business. You won't need this much capital to start. You just need time and hard work to make it work and succeed.
Do u mind sharing the kind of business one can start online?
Capital & time is not an issue
I need to invest before i squander the money i was also able to save.
I will really appreciate a detailed response.
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by dengepo: 12:03am On Mar 21, 2018
Tlontin:

Thanks for taking your time but Do you think the amount is going to cover all the logistics involved sir?

Do not be deceived, #500,000 can't set up a standard restaurant.

You can consider a mini supermarket items

1 Like

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Nobody: 1:56am On Mar 21, 2018
Uncle, any business that comes without stress is not business.

The ROI is always equal to nothing. Stop misleading people and take your time do better thing.


JustCalMeDBoss:
I can introduce to to a multi level company where you can earn as high as 1% of ur capital every week day. meaning if u invest just 200k taken into consideration 22 week days in a month. u would be making 44k evermonth without stress ur money works for u while u watch. if interested contact me at 07068456953
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 3:02am On Mar 21, 2018
dengepo:


Do not be deceived, #500,000 can't set up a standard restaurant.

You can consider a mini supermarket items
Thanks
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 3:03am On Mar 21, 2018
Bobugee:
Uncle, any business that comes without stress is not business.

The ROI is always equal to nothing. Stop misleading people and take your time do better thing.


Word!!!
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Nobody: 3:11am On Mar 21, 2018
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 3:20am On Mar 21, 2018
Bobugee:


Follow this...

It may help..


https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick
Thanks boss, going through it already
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by fermlad: 5:41am On Mar 21, 2018
Tlontin:

I have tried that before, I'm not thinking of going into agriculture for now. Thank you very much for the time. God bless you sir
Do you mind sharing your experience. What discouraged you in the cucumber biz
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Emusan(m): 8:22am On Mar 21, 2018
Tlontin:
Hello friends, so I just completed a project and was able to save a sum of 500,000 naira. Due to the nature of my profession, you can't tell when another contract would come by.
My question is what business can I start with 500,000 naira that will guarantee me an income of 40k monthly.thanks in advance

N.B: In as much as ideas cant be given for free, it's time to help a brother with all sincerity. No scam ideas, no ebooks, I don't want bring your money let us trade with it for you. If 40k is too much s profit on 500,000. I could stil cope with something below.

What I first noticed is the income you wanted to start generating even when you don't know the business to venture into, which isn't a good idea for a start up business.

I guess you're an Engineer, what happened to doing a research on how to replace or cost reduction of construction materials?

Somebody started hollow sand-crete block and people accepted it, what if you come up with an idea that can replace hollow sand-crete block?

Why did you study engineering if you can't use it to effect change in society?

My brother, keep your money for a while and start to think about idea you can initiate in your field.

Stop looking for quick money, idea rules the world.

2 Likes

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by dkconcept: 8:45am On Mar 21, 2018
The business concept, many employer wont share with you
Let’s me introduce myself to you, in order to lets you know am not here to scam anyone rather to break you from Financial hardship, Am here to strictly give information not advert or profile selling, am (Andrew O.K a.k.a engrkunlexy4u, am from Ibadan but base in Aba), I started the business during my service year in Aba, and today the rest is good story to tell.
Before I continue to explain, try to answer this question if you can, and also know some facts.
1. The largest selling of textile materials in Nigeria is which state?
2. Electronics container from oversea is entering lagos as Number 1 importer , while Textile,Okirika (Buskoro) is entering which state as Number 1 importer?
3. 70% of the shirts, pants trousers we used in Nigeria, is made from where (you will never know this, if you are not from Onitcha or Aba)?
Lets me share these amazing facts with you?

70% of boxers used in Nigeria is made from Aba (anybody with contrary evidence should quote me wrong), shirt they sell and jeans is directly made from Aba. The question is, are they Aba made? Nope and yes, what we called Aba made is simply lack of packaging and that is why someone like I and you is going to invest into all this area. Later, I will still share amazing things about Aba peoples you need to know.

Introduction into the business (Boxers)
Boxer is made of different materials, we have close to 7 materials, but the common type of materials in making boxer is majorly two in Nigeria today, check this link for the facts: http://dudeundies.com/news/7-mustknow-mens-underwear-fabric-types/ (Cotton and Bed sheets material), lets me explain to you, original Boxers materials is made using Cotton material (Shirt Material) because the texture is of high quality and it does not wash nor change the color after entering water, most packing shirt material we used are made of Cotton materials, it also does not absorb heat and the washing is very simple, you get this type of boxer in supermarket and good store. Lets me share of other the materials with you, called bed sheet material, go and look for a bed sheet material that brings color and remove hair after washing and you will understand what I want to explain, note: we have some bed sheet material that are costly but am sure they will never use that to produce boxer, only a big company use it, Bed sheets material is very cheap to get and most people get their profit from using that in producing boxer, as per say Nigeria like cheap things, Bed sheet materials has less (good) and thick textile texture, this is the type of boxer you wear and 2nd day your yarns and this stuff will begin to ask for fresh air (you get that line), where can I get that? Some fake supermarket store, aboki for road, omo igbo for road side, infact they can sell it for you at 150 to 200, they have already make their profit. It is left for you to choose what you want as a visionary business person.

Why you need to do the business
Do you know that 50% of ladies now wear boxer? Do you know that 10% of women (our Mother) also wear boxer? Do you also know that 80% of our papas now wear boxer and lastly do you know that 95% of grown up guys have nothing less than 3 boxers in their wardrobe? All this estimate was not so in the year past. Before our own generations wear pants, am still a young guy, our ladies don’t even wear boxers before, our mother don’t try it, while our father only wears pants or none. This facts should make you know that the paradigm of fashion is shifting and its for the best brain that will grab this profitable future opportunity and make it a reality. Another reason why you should do this business is, do you know that most people used to overlook the production of boxer and very few peoples knows how to sew boxer well, ask anybody in the North and western part of the country where they are producing boxer, they will tell you from yanki(abroad) or those guy that don’t have what to do.

The marketing strategies
I will like to explain from what worked for me during my service year and now I can be proud of it. Then we used to pick it at the rate of 200 naira and packed it into 3 in a good nylon for just 1000, the nylon at times attract peoples, people talk about Aba made, Simple definition of Aba made is what simply lack packaging and lack of well arrangement, though I know some people sew bad material for boxers and still sells. We give out to our fellow friends and also go to nearby store, banks and offices to deliver to them, some get attracted with the nylon and the color packed inside. Also, know that if people love you, even if they have 10 boxers at home, they will still buy from you, mostly, ladies sell faster than we guys you understand better.

How do I make my own profit?
The profit is very simple; first, ensure you are getting a good material from your supplier, because this will make your business sustainable for long. Imagine you are getting at 200 per one and you are packing it into 3 per 1 as in you pack 3 boxers inside one nylon for just start of 1000, mathematically, you gain 400 on it, which means 100+ on one boxers, may be after expenses of buying nylon and may be you want sticker to the nylon, you later make 100 on each boxer, I believe that is enough for anybody. Secondly, you can target supplying it out to people close to you, I have a guy who always acts as a middlemen for the boxer, he gets it and supply out to his people for sell, he made faster money than we do then. Making your profit depends on how you can think deep on it.

Risk attached to this Business
I believe there is no business without risk, any business that poses without risk must not be a genuine business. Number one risk is frustration? What do I mean, if you ever buy boxers from an untrusted person, and your customer started condemning your goods, you notice that frustration is the first thing that will come to you, advice, don’t go for anybody you cant trust in supplying you the boxer, and no matter what, never allow your customer to select boxer and that is why we packed it in a nylon, because all colour can never be so attracting, they compensate each other. Secondly, if you fail to establish market or target a market, you may be disappointed that it is easy to establish with mind but execution is a challenge, my advice for you is to talk about it to friends and family even your enemy and lets them comments about it. Lastly, You are the last risk, don’t join because I said its profitable, simply follow your dream and lets be fits into making it before you start, I started with my mind fits in making it, and today, after my NYSC, I stayed back in producing my own boxers and also work as an IT executive for one popular radio station in the city.


NOTE:
The business is sweet, but if you don’t have right mind of making it, don’t start it. Today, am supplying to different state today simply because I started the business from my mind after gathering all the facts needed and I develop a right attitude towards it. I started producing my own with less than 200, 000 today, though I invested more than that into it now.
If you will like me to supply you anywhere you are in the country, I can incur the cost of sending it but it will be (a pack) which is 25 pieces inside a pack nylon at N5,000 for now, I will pack 3 in 1 boxer separately from your 25 pieces as a sample for you, you pay after receiving it, you pay to the person that will give to you or from where you will get it from after bargain on sending it, I will only incur the cost of transporting it for the first time and subsequently you pay for the transportation on your own, all is to clear your doubt about it.

:If you have interest on how to make your own boxer with less than 200, 000, just drop your mail on this forum, I will mail you.
Note: I dont sell a fancy Boxer,i only produce what will last long for the consumer, so dont be disappointed getting my boxer and not seeing oyo-yo,and also i dont come here to advertize, only to sensitized. We can only promise you the best

Note: If you are in Lagos or Abuja and you are ready to invest in Bulk supply or partner kindly send a text or call: 08038662353.
Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by Tlontin(m): 10:32am On Mar 21, 2018
fermlad:

Do you mind sharing your experience. What discouraged you in the cucumber biz
Talking about agriculture generally.

1 Like

Re: What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly by rexandyke(m): 11:48am On Mar 21, 2018
Great! Here are virgin business ideas that you can start as soon as possible. visit this link

http://www.andyke.com/2017/08/business-to-start-with-less-than-two-hundred-thousand-naira.html

Thank me later as usual

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