justlikedat:

Another nice idea. I know about garri production but i have very little or no experience about goat/meat production. Thanks.

pafo:
You could open a main agent betting shop and partner with a good bookmaker directly if you are not too religious.

You could buy a 2003 Sienna and do interstate transport business(yourself or someone trustworthy).

You could buy a good tok car and do uber with it if you can drive yourself if you are in Lagos/Abuja or give someone trustworthy on rentals for 30-35k per week.

You could go into perfume business(those cele perfumes o) in cartons and sell to retailers, but you must have a big space in case the producers want to give you goods on credit. I hear this one moves well too.

justlikedat:

I fear transport business cos av done it like 2 times before but i got myself in the hands of bad drivers and mechanic. Altho, i like the uber idea, thanks.

justlikedat:
Please i need an idea of a business i can venture with having N2M. Thanks.

dru23:
.

Not only bad drivers or mechanic, what about managers

justlikedat:

You are very correct.

justlikedat:

You are very correct.

justlikedat:


Where did you get the data you are browsing with?

I need mature people on NL to advise me, not a js3 student on holiday.

justlikedat:

I fear transport business cos av done it like 2 times before but i got myself in the hands of bad drivers and mechanic. Altho, i like the uber idea, thanks.

EgunMogaji:


Haaa.. Una dey fight before?

I'm also subbing to the topic.

Thanks for asking the question.

TheCar:
People have shared some good and ugly business idea here already.

Another factor, I considered important is your environment/location.

Are you Lagos based?

justlikedat:


if you have an idea of those good business, kindly share it here or give a link to it.
Am in Ibadan.
Thanks.

justlikedat:
Please i need an idea of a business i can venture with having N2M. Thanks.

khalazi:

Details:
For palm Oil: You can source good Palm oil from places and supply to the mkt places over there in Ibadan.
Doubt: There are suppliers already!
Solution: Find a way to overtake them. E. g Most Palm oil suppliers supply only oil and collect galons. The retailers then Buy small bottles(Usually these swan 75cl bottles) and turn them into it and sell. I think this is the trend everywhere.
Now what you do is this, Supply in the bottles. By the time retailers see you supply in bottles for the same rate your counterpart sell oil only, you won't need much advertisement. This is because you've saved them cost and time and stress in filling the bottles.
Don't say the profit will be small cos u re going in big. Then u ll realise the power of turn over. Pple grow businesses and personally I've done the cost analysis and discovered there isn't much difference in terms of profit compared to the mkt u win.
Before your competitors join the tide, You don sweep mkt.

justlikedat:

Dont mind the poor boy, he wanted to derail the thread. "Ko mo age mi" ni.
Keep following Bros. Am also learning here.
Thanks.

TheCar:


Thanks.

I would suggest the distributorship thing. Food and Drink industry is a good option in Ibadan.

Transportation in Ibadan I don't know much or how profitable Micra is in Ibadan but Egun.Mogaji and you can exchange ideas on that.

Nothing too risky. No HYIP. No bring 20k make 50k profit in 3days.

Farming too can be a good option.

I wish you success in your chosen venture sir.

khalazi:

Details:
For palm Oil: You can source good Palm oil from places and supply to the mkt places over there in Ibadan.
Doubt: There are suppliers already!
Solution: Find a way to overtake them. E. g Most Palm oil suppliers supply only oil and collect galons. The retailers then Buy small bottles(Usually these swan 75cl bottles) and turn them into it and sell. I think this is the trend everywhere.
Now what you do is this, Supply in the bottles. By the time retailers see you supply in bottles for the same rate your counterpart sell oil only, you won't need much advertisement. This is because you've saved them cost and time and stress in filling the bottles.
Don't say the profit will be small cos u re going in big. Then u ll realise the power of turn over. Pple grow businesses and personally I've done the cost analysis and discovered there isn't much difference in terms of profit compared to the mkt u win.
Before your competitors join the tide, You don sweep mkt.

justlikedat:

The idea of distributorship is what i have also given a thought to but Transportation business in ibadan is not meant for gentlemen like you and i, only if you have enough fund for a fleet of cars, managers, parking space etc, i have done it before on a small scale and i assure its for the wild ones.

Ademat7:

While u've not decide what to invest into let the fund be invested in mutual fund,Google search "mutual fund thread on Nairaland" at least ur money will b getting daily interest pending when u conclude on what to do.
By the way invest in the biz area u know like the back of your hand.
Rentals is not bad
Sell what pple need in your area not what u think they should need( do a survey of ur environment)
++++++++Books to read+++++++++
*Richest man in Babylon
*Small money big business by Akin Alabi
*Richdad poordad by Robert kiyosaki
*$100 dollar startup( highly recommended) I can send u pdf version of it

Ademat7:

While u've not decide what to invest into let the fund be invested in mutual fund,Google search "mutual fund thread on Nairaland" at least ur money will b getting daily interest pending when u conclude on what to do.
By the way invest in the biz area u know like the back of your hand.
Rentals is not bad
Sell what pple need in your area not what u think they should need( do a survey of ur environment)
++++++++Books to read+++++++++
*Richest man in Babylon
*Small money big business by Akin Alabi
*Richdad poordad by Robert kiyosaki
*$100 dollar startup( highly recommended) I can send u pdf version of it

justlikedat:

I have thot along this line but i dont know how to go by it. Can you shed more light for me pls especially golden penny.?

JoyceMeyersFan:

https://www.nairaland.com/1384430/golden-penny-distributorship-enquries-customers

kismo:
Dear Op, congratulations for being able to have 2m naira as a retiree. It is not easy. However, l must be sincere with you, to run a successful business after retirement without being swindled, is not easy.
I will suggest you go into something you have passion for. All the suggested businesses are not as easy as they sound.
If you don't mind, l can come to your place so that we can reason together. I also base in Ibadan. I have my office at Sabo, Mokola, Ibadan. You can as well visit me. I wish you best of luck.

bouncin04:
If only I had 400k...out of ur 2m.. I wld invest in a video game house... and handle it ma self.... ah swear ..u gonna get double of ur investment in six months time... thank me lera... and If u wish to continue... Its ur choice ... video game business is very lucrative... just dat people in this part of the world consider it childish... which even makes it bera for us ( less competitors)