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What Is Your Worst Business Investment And How Much Did You Lose? - Business (25) - Nairaland

Nairaland Forum / Nairaland / General / Business / What Is Your Worst Business Investment And How Much Did You Lose? (42068 Views)

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by 1Ronaldo(m): 5:45pm On Dec 03
Tonyferrad:
bro can I HV ur wttsapp digit?

Sorry I can't bro.
It won't change much oh..
Have been on a losing streak lately maybe cos I was so busy with work related issues..
Re: What Is Your Worst Business Investment And How Much Did You Lose? by YoungestM700(m): 5:56pm On Dec 03
starting a business you know nothing about!
Re: What Is Your Worst Business Investment And How Much Did You Lose? by damtan(m): 9:11pm On Dec 03
I want to start a mini export business of African produce such as bitter kola, kolanut, locust beans, ginger, garlic etc but the challenge is getting a market. I've made use of several online platform to search for market (s) but it's been futile. Does anyone know how I can go about getting a market?? A would so love suggestions.
Thanks
Re: What Is Your Worst Business Investment And How Much Did You Lose? by sircrabo: 9:54pm On Dec 03
ibori1:





drop ur WhatsApp Number soo i can add u,




hope ur a serious minded person?

0810 three15 nine 444.

Thanks Boss, I am looking forward to having a green Christmas, will appreciate ur help
Re: What Is Your Worst Business Investment And How Much Did You Lose? by connkg(m): 6:03am On Dec 04
[quote author=Kemimarch16 post=73123643][/quote]

How to make tissue paper industrially? I have some experience in that.
You begin from either sorted waste paper (as recycled) or LF/SF (Long Fibre/ Short Fibre) Pulp.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by egojeny1(f): 4:24pm On Dec 04
patrickvince4u:
Wanted to try out Auto Investment and Importation of used vehicles from USA.

Got a good deal to land a 2012 Venza at about 2.9 million excluding clearing costs.

So I contacted a clearing agent and he quoted 1.5M to clear the car. So my Total cost was

2.9M (landing cost) + 1.5M (clearing cost) = 4.4M

I planned on selling the Venza for 5M as it was very clean.

Lo and Behold! The clearing agent absconded with my Money 2 weeks after payment. I went to his house and they told me he is dead.

I got his Father arrested and his family came to bail him out with money and they also came with “proofs” showing their son is dead. An obituary poster, death certificate and picture of him inside coffin.

I’m not a fool, I knew everything was staged and forged.

But with the “documents” they provided, the police told me to forget about the case.

Na so my money enter voice mail.

After police don collect bribe, chop and clean mouth.

The clearing agent now maybe in another state or he might have used my money to travel out, but I believe deep down in my mind that one day, I will catch him again and he would be killed at the spot, since he has already faked his death.

By the way, his number rang few months ago.
Jesu!!!

4 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by dguyindcorner(m): 4:58pm On Dec 04
khassy:
I came across a thread on nL https://www.nairaland.com/4548511/business-start-400k-lagos

Being the entrepreneurship person that I was, I set out to give it a try.

Left my base in Ilorin to try it out.

Long story cut short.. I invested about 160k into it. Lost about 54k

But I'm unbothered tho, I'm still giving it two more shots next month before giving up on it.

I'm attaching a screenshot to summarise everything I spent.

Note I didn't include my transport, cus I was driving my car myself and it was some sort of tourism to me.

Lesson learnt,
Never test a business based on what people say and don't try any business with money you can't comfortably lose (I learnt the last part from cryptocurrency) grin

**MODIFIED**
I see people talking about cryptocurrencies here so I think is should add this

Lost 750k to Ethereum in January
Invested 350k in altcoins in January and had to sell off in September for 46k after HODLing thinking it'll yeast.
Lost another 1.6m to gift cards in September.
Coupled with occasional 100k, 150k, 50k loses throughout the year

All in all, I still don't think I lost anything significant.. I just feel I got more experienced.

For anyone trying to venture into crypto currency is at this time. I advise you just invest your money somewhere else Sha.. the good ol days are over..

Wow! Sorry to hear that. What really happened? I visited the thread and it looked viable for real.

I will mail you.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by sircrabo: 10:14am On Dec 05
ibori1:




drop ur WhatsApp Number soo i can add u,



hope ur a serious minded person?
Yes I am, pls add me : 08103159444
Re: What Is Your Worst Business Investment And How Much Did You Lose? by sircrabo: 10:15am On Dec 05
ibori1:




drop ur WhatsApp Number soo i can add u,



hope ur a serious minded person?
Yes I am, pls add me : 08103159444
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Blaksheep: 1:57pm On Dec 05
Can we work together? We can do this.

ezenwajosh:


Its actually a very tricky business that involves alot of regulations and monitoring.....people pay according to their consumption... Its from 3k a month to 5k... 17,hrs daily.... I bought a device from China that we set after we had checked what you intend to use once you plug more than you paid your light trips off
Re: What Is Your Worst Business Investment And How Much Did You Lose? by ezenwajosh(m): 3:08pm On Dec 05
Blaksheep:
Can we work together? We can do this.

Ok EZENWAJOSH34@GMAIL.COM
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Blaksheep: 4:44pm On Dec 05
Sent u a mail.

ezenwajosh:
Ok EZENWAJOSH34@GMAIL.COM
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Emmanuel602(m): 2:53pm On Dec 06
I'm here to learn
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Adeyemi0(m): 6:28pm On Dec 06
Kutunban:
I've had numerous losses, I'm going to talk about the one I've tried to excel anyway.

I started goat production business 6 years ago with only theory knowledge no experience. I bought 45 red sokoto breed of goats and started feeding them without experience and professional to guide me through, I did online research about goat production business prospect and I got crazy information from online farmers who never owned livestock and couple with the fact I'm an animal scientist which I felt I'm good to go that was the greatest deceit I deed to my self.

To cut the story short I lost all the goats due to wrong management, diseases and worms and lack of good information. I lost over 700k Naira which include goat cost, so called consultant fees, feed and medications.

Note: I now have vast experience in goat farming with over 200+ matured female goats, over 80 bucks and plenty of kids too in my farm. I didn't give up and thank God for the support I got from my wife.

Never venture into a business without practical experience.
Don't be carried away by online bloggers who write crazy stuff about ROI
please, I would like to know more about this goat business. I've had some experiences on livestock farming especially sheep but always have security challenges.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Ibukun06: 8:20pm On Dec 06
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Re: What Is Your Worst Business Investment And How Much Did You Lose? by papadoculus(m): 11:56am On Dec 07
WilliamsNedd:


What kind of loan? Loan from friends or loan from mfb? Because I am about starting a biz now. I can say that 70% of the start up capital ain't mine. It's coming from my friends. What say you my dear friend?

My uncle started is business with a loan of 3million nw he is doinh real wel for himself
Re: What Is Your Worst Business Investment And How Much Did You Lose? by WilliamsNedd: 2:20pm On Dec 07
papadoculus:


My uncle started is business with a loan of 3million nw he is as rick as f**

That's what I'm talking about. Thanks for the encouragement. My biz is about starting now. It's a betting biz.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by newsnjobs(m): 5:21pm On Dec 07
Lost 12k on one of those ponzi scheme then, am still crying cry cry cry till now. Lol

Never really lost any good money on any business as I never really invested any good money on any business.

Except minor losses of 1k, 2k, 3k and even 5k on betting.

Now i want to invest over 1million on one business right now. As I see this thread, fear dey catch me. Baba God na your hand I dey ooh, I don't want to come here and share any lost story, make e end for that my 12k where Marvrodi and his people chop.


Nna so so profit go dey follow me for this business.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Goalnaldo(m): 1:10am On Dec 08
What a wonderful thread!!! As for me I lost 27k buying faked fixed matches between may to July. In September I paid 3k to someone here in NL to Help me build an app for google admob self clicking only for me to be suspended just 6 days using the app. I was finally banned three days after coming from a month long suspension.

Am very passionate about football and I want to own a website or blog in the nearest future.
Any assistance I can get in this forum will be appreciated.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by juliusocean(m): 6:10pm On Dec 08
connkg:


How to make tissue paper industrially? I have some experience in that.
You begin from either sorted waste paper (as recycled) or LF/SF (Long Fibre/ Short Fibre) Pulp.
can u elaborate more on this am on the verge of investing plss
Re: What Is Your Worst Business Investment And How Much Did You Lose? by connkg(m): 10:28pm On Dec 08
@juliusocean
There's nothing about it you can't get online.
Basically, you pulp/shred sorted waste paper or virgin pulp to fibre-in-solution, then de-ink and bleach (waste paper only) by chemical action.
Using a crescent former is now almost standard, with a large diameter dryer.
That's it, basically.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by 14teenK: 10:02am On Dec 09
movetoca:

The business is a blood money business, anything you see you take. I won't leave it no matter what.
Bro let’s talk please, I love your spirit I have sent you an email. One love
Re: What Is Your Worst Business Investment And How Much Did You Lose? by 14teenK: 9:16pm On Dec 10
Pucibit:
Let me add my losses too.

Lost 3000$ to a guy who I gave money to run a promotion for me.

lost a huge amount of money to pepper farming this year... the soil is diseased. pepper were spoiling before harvest.

lost 1200$ when I lost my phone that has my blockchain app which I open only with fingerprint.

Getting back on my feet with crypto trading. I have a whatsapp group where traders discuss and network. the bear market gave me much.
Bro sorry for your loses this so far. I would love to join your crypto group. If it’s open for new members please can I get access to it.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by gowaga68: 9:47pm On Dec 13
Quote me anytime the thread is ready.
collins07:
I think we that does crypto should hang out on a forum to brainstorming and and share idea cuz as for me I love crypto.though have made some lost but,there is always hope of making it big with good strategy and shun greed.u can check my profile for contact.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by EtherealAnn(f): 8:02am On Dec 14
14tenK:

Bro sorry for your loses this so far. I would love to join your crypto group. If it’s open for new members please can I get access to it.

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