newinventions:


Nah, it's the best advice I can give to a fellow brother. Better still let him learn how to trade forex and trade all by himself.

If I have 3m that I can invest in forex trading then my generation to the 10th level will never be poor again.

If you are reading this and you don't know how to trade forex then you are missing a lot. If you want to be free financially then learn how to trade forex. Your life and the way you think will never remain the same.

You have the world at the palm of your hand if you know how to trade forex.

roniex2:


Wow thanks for listing all these out for me, I really appreciate it

emmajodeci:
Considering the three options you are looking at I will suggest a classic restaurant is best.

People eat food everyday even if the country is collapsing they must eat and as long as there is life people must eat out. This will go a long way and serves for sustainablility

Its also recession proof, na person wey get food for Belle dey wear cloth oo, be it good or bad people must eat.

-Profitability( Which one is the most profitable, to me I think it’s not possible to eat 25k food and do 25k hair but you can order expensive clothes if you can afford it and if it’s totally worth it)
You can't compare clothes to food because you see that cloth, that person will wear it say 6months to a year and it's old and you think of replacing it but you that 25k food, 1 week the person Don chop am finish come for another one.
As long as you have a good cook, food is top notch and your relationship with ur customers are good you have your profits rolling in. I've seen bad cooks but good customer relationships stand the test of time. A lot of people don't eat for the taste but to be satisfied bit of you can offer both I see no reason why you won't double ur investment in a few months.

Las Las my dear na food win am. Restaurants stands tall

emmajodeci:
Considering the three options you are looking at I will suggest a classic restaurant is best.

People eat food everyday even if the country is collapsing they must eat and as long as there is life people must eat out. This will go a long way and serves for sustainablility

Its also recession proof, na person wey get food for Belle dey wear cloth oo, be it good or bad people must eat.

-Profitability( Which one is the most profitable, to me I think it’s not possible to eat 25k food and do 25k hair but you can order expensive clothes if you can afford it and if it’s totally worth it)
You can't compare clothes to food because you see that cloth, that person will wear it say 6months to a year and it's old and you think of replacing it but you that 25k food, 1 week the person Don chop am finish come for another one.
As long as you have a good cook, food is top notch and your relationship with ur customers are good you have your profits rolling in. I've seen bad cooks but good customer relationships stand the test of time. A lot of people don't eat for the taste but to be satisfied bit of you can offer both I see no reason why you won't double ur investment in a few months.

Las Las my dear na food win am. Restaurants stands tall

newinventions:
All you need is put N500,000 in a forex account. We manage the account for you and will make 3m profit in six months. Keep the remaining 250k in your bank account and see how the 500k grow. You don't need to stress yourself in this 21st century.

If you interested check my signature.

LikeAking:
I will give you the best advice no body in Nigeria will give to you for free,because I love to see people progress.

I am advising based on my sweat/bitter experiences in life.

Listen carefully so that you won't regret later.

I will advise you to pause all your current plans for the business you mentioned for some time.

Before you go into any risky business, make sure you have invested on land/landed properties. These options will give you a lift when other options disappoint you.

I will advice you to be very patient, look for a good agent you can buy land through. Make sure the agent is legit,meet those that have bought land to link you up with their agent (Best option).Don't meet any agent by your self/directly to avoid been duped.

If you can see legit land of 500k/per plot in a good location buy like 4/5.

If you see land at 1mil buy 2/3.


After buying the land,start any business you like on that land,except the likes of fish farming and co.

Don't forget to also build a small house for your self on that land.

You can start a day care/nursery school.
Pure water
Manufacturing
Food Processing
Poultry
Etc.

Raise another money through this small business on your land and finance your dream biz.

You can also plant food for yourself.

The benefits of buying plots of land.
You are very sure you won't loose all your investment and go broke.

You won't pay house rent again.

You will sell it and make money in the future, etc.

After you have acquired land,you can venture into any wild business, because you landed properties will act as a spring board during though times.

Don't be crazy after quick riches.

Ikjosh04:


At the bolded i thought you are about to say something reasonable and sound but after reading through you end up spitting gibberish.
The part that even blew me away was at the second bolded. Jeez!! It shows your level of reasoning is not in terms with the present realities in Nigeria.
As for fish farming, poultry, manufacturing and co that you mentioned. For any one to excel in any of those biz, the person need 95% knowledge of the day to day running of the biz.

@op i suggest you invest 70% of that money in money market instrument like mmf, bond and co then use the 30% to test the waters of any business you decide to go into. Also don't leave/abandon the source of income that gave you the 3 million savings.

roniex2:
Good evening

Thank you

Ikjosh04:


At the bolded i thought you are about to say something reasonable and sound but after reading through you end up spitting gibberish.
The part that even blew me away was at the second bolded. Jeez!! It shows your level of reasoning is not in terms with the present realities in Nigeria.
As for fish farming, poultry, manufacturing and co that you mentioned. For any one to excel in any of those biz, the person need 95% knowledge of the day to day running of the biz.

@op i suggest you invest 70% of that money in money market instrument like mmf, bond and co then use the 30% to test the waters of any business you decide to go into. Also don't leave/abandon the source of income that gave you the 3 million savings.

LikeAking:


You are a very very foolish person.

I discouraged fish farming in my post.

You are just a small boy without any experience in life and you are also a scammer .

Look at this low life insulting, you are nothing both a big fool.

Let the crow judge who has a better advice between me and you.

[/b]What do you even know about the Nigerian money market It's the worst place to invest your money fool.[b]

The best way to invest is to invest in your own business.

Invest in land and housing first before diving deeper.

Stupid small boy with poverty mentality take note.

Don't go about insulting people online.

Ikjosh04:



Well, this is huge. I mean every sentence you wrote reeks of in-maturity and emotion imbalance. The bolded really pissed me off but as someone who's more mature than you brainwise I'll let it go. For the second bolded, i can see you don't know or understand the terrain of Nigeria Economy (The physical consumer market and the money market). So many things to say but let me just end it.

Btw i think I'm commenting too much on nairaland these days so I'll refrain from that and mind my business.


modified
I can see you modified your post. For landed properties, the real estate business here in Nigeria is over priced. The probability of buying a land of 500k or 1million now to sell in the next 5yrs to make profit of above 10% is very low. I'm simply saying the painful truth.

egojeny1:
Anything FOOD is the koko.
Haven't you seen how those selling food and food products are cashing out big time since this lockdown?

For me that is no. 1

Ikjosh04:



Well, this is huge. I mean every sentence you wrote reeks of in-maturity and emotion imbalance. The bolded really pissed me off but as someone who's more mature than you brainwise I'll let it go. For the second bolded, i can see you don't know or understand the terrain of Nigeria Economy (The physical consumer market and the money market). So many things to say but let me just end it.

Btw i think I'm commenting too much on nairaland these days so I'll refrain from that and mind my business.


modified
I can see you modified your post. For landed properties, the real estate business here in Nigeria is over priced. The probability of buying a land of 500k or 1million now to sell in the next 5yrs to make profit of above 10% is very low. I'm simply saying the painful truth.

roniex2:
Good evening everyone, I have saved about 3M naira and I have narrowed all my business ideas down to:

Salon
Female apparel boutique (Online + Brick & mortar store)
Restaurant

I love the three equally but I would like to know which one wins in terms of

-Stability(Which one of the three is most stable and the easiest to run with peace of mind)

-Highest rate of failure (Which one of them has the highest failure rate)

-Recession proof( I know people eat all the time but I did my research and even in this whole pandemic, people are still making their hair and ordering clothes online)

-Profitability( Which one is the most profitable, to me I think it’s not possible to eat 25k food and do 25k hair but you can order expensive clothes if you can afford it and if it’s totally worth it)

-Sustainability: Which is sustainable for the longest period of time? I would like my business to be around for a long long time and even grow into franchising

-Finally, which can be easily crippled by economic meltdown and decline.

Personally, I am leaning towards boutique because I love fashion and I don’t think it’s that hard for real, plus you are not limited to people in your area, people in different states and countries can still buy from you BUT I don’t want my love for the fashion industry to cloud my judgement, I would love to be slapped with the truth and reality.

Thank you

LikeAking:


Point of correction I didn't modify my post.

The owner of land can get up to 500% profit on their land,pls stop been naughty.

The most important thing is for an investor to protect their money from big losses at this stage.

So they should start with landed properties.

Ask the wise elders about buying landed properties as your fist investment and see if they will tell you it's wrong.It's the best move.

Those old wisemen are very wise with money

When it comes to finance I have an astute financial background,you can check my post about some deep financial advice.

I will advise you to read the richest man in Babylon before you start embarrassing your self financially.



The first rule of money is to protect it from thieves/loss.


Never put your money in the Nigerian money market because inflation will wipe away the value of your money.Let me teach you about money for free.


You insulted me first.

You could have dropped your advice without quoting mine.

Stop fighting against a higher knowledge you don't understand.

Be humble.
Sit down.

Ikjosh04:
Ok sir, I've read and properly digested all the contents in the book you mentioned and many other financial books. In our country land is over priced, if anyone want to use 500k or 1m to buy a land with the aim of making 30%profit in the next 5yrs and you ask me, I'll simply say the person is not informed.
The best way to protect one's money especially when the money is not huge to buy a land in a good location that has the tendency to appreciate in the next 5yrs is to invest in money market. Presently the rates are low but one can still get a profit of above 5% per annum(as high as 11.2%)for doing nothing and your money is well protected.
Permit me to end by saying any wise elder that refused to change with the changing and dynamic economy will become redundant.
Gone are the days, of using the first few savings/money (which is not huge) to buy a land or build a house with the hope of 50% appreciation in the next few years.

Ikjosh04:
Ok sir, I've read and properly digested all the contents in the book you mentioned and many other financial books. I also have a mini Mba from a well-renowned institute. In our country land is over priced, if anyone want to use 500k or 1m to buy a land with the aim of making 30%profit in the next 5yrs and you ask me, I'll simply say the person is not informed.
The best way to protect one's money especially when the money is not huge to buy a land in a good location that has the tendency to appreciate in the next 5yrs is to invest in money market. Presently the rates are low but one can still get a profit of above 5% per annum(as high as 11.2%)for doing nothing and your money is well protected.
Permit me to end by saying any wise elder that refused to change with the changing and dynamic economy will become redundant.
Gone are the days, of using the first few savings/money (which is not huge) to buy a land or build a house with the hope of 50% appreciation in the next few years.

LikeAking:


The rates of land are not small, it all depends on the owner of the land and location. One of my village man sold a plotland he bought for 500k,for 5mill ten year later.

The most important thing is to invest your money where you are very very sure you won't loose it.

After having lots of investment that are not very risky,then you can start chasing after big/fast money.

FIY:Knowledge about money doesn't change from generation to generation, pls don't look down on the wise old men.

I think you should re-read the richest man in Babylon.

Never lust after quick money.
Protect your money from loses.
Invest slowly

prosperioh:

How can i learn and how long does it take to learn

newinventions:
All you need is put N500,000 in a forex account. We manage the account for you and will make 3m profit in six months. Keep the remaining 250k in your bank account and see how the 500k grow. You don't need to stress yourself in this 21st century.

If you interested check my signature.

roniex2:
Good evening everyone, I have saved about 3M naira and I have narrowed all my business ideas down to:

Salon
Female apparel boutique (Online + Brick & mortar store)
Restaurant

I love the three equally but I would like to know which one wins in terms of

-Stability(Which one of the three is most stable and the easiest to run with peace of mind)

-Highest rate of failure (Which one of them has the highest failure rate)

-Recession proof( I know people eat all the time but I did my research and even in this whole pandemic, people are still making their hair and ordering clothes online)

-Profitability( Which one is the most profitable, to me I think it’s not possible to eat 25k food and do 25k hair but you can order expensive clothes if you can afford it and if it’s totally worth it)

-Sustainability: Which is sustainable for the longest period of time? I would like my business to be around for a long long time and even grow into franchising

-Finally, which can be easily crippled by economic meltdown and decline.

Personally, I am leaning towards boutique because I love fashion and I don’t think it’s that hard for real, plus you are not limited to people in your area, people in different states and countries can still buy from you BUT I don’t want my love for the fashion industry to cloud my judgement, I would love to be slapped with the truth and reality.

Thank you

kizwid:
i will list it for you in order of importance,

1.. Restaurant ( consider this 10 times before the other)

2... Salon (find a good location, do your marketing well, and you shall be happy)

3... boutiques ( well, how many cloth have you buy this year?)

cremeandchic:
These business are already oversaturated in the Nigerian market. Why not look for a service-based business idea?

newinventions:
All you need is put N500,000 in a forex account. We manage the account for you and will make 3m profit in six months. Keep the remaining 250k in your bank account and see how the 500k grow. You don't need to stress yourself in this 21st century.

If you interested check my signature.