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After NYSC What With #500,000 In My Account? - Business (3) - Nairaland

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FCMB Has Refused To Lift Restrictions On My Account After Doing KYC / What Business Can I Start With 500,000 That Guarantee 8percent Interest Monthly / Lady Saves N64,000 In 4 Months, Shows It Off (Photos) (2) (3) (4)

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Re: After NYSC What With #500,000 In My Account? by yetunsbay(m): 2:16pm On Jul 26
azadus18:
..if u get strong connection..500k can buy u a good federal job...
I need this

2 Likes

Re: After NYSC What With #500,000 In My Account? by sunbreaker: 2:17pm On Jul 26
Use it to buy goat in the north and sell in the south

6 Likes

Re: After NYSC What With #500,000 In My Account? by Diveystore2017(f): 2:18pm On Jul 26
Please just go into trading. It will pay your better. Especially, children wears (clothes and shoes) if your consistent, within 5years u will be building a house and living a good life.

10 Likes

Re: After NYSC What With #500,000 In My Account? by Sweetdeji6(f): 2:18pm On Jul 26
Start POS Business(Cash withdrawal, Deposit, Transfer, Bill Payment etc)

9 Likes

Re: After NYSC What With #500,000 In My Account? by Saao(m): 2:18pm On Jul 26
azadus18:
..if u get strong connection..500k can buy u a good federal job...
u have connections?

1 Like

Re: After NYSC What With #500,000 In My Account? by Evii: 2:20pm On Jul 26
Bro, I advised you go into piggery business. It's a win win situation for you

2 Likes

Re: After NYSC What With #500,000 In My Account? by weIMPORT: 2:20pm On Jul 26
Re: After NYSC What With #500,000 In My Account? by ArticleBeast: 2:20pm On Jul 26
Cof1ex:
how real is it... I need something i can hustle for, not online stuff
Flee from any nairaland invest nonsense. Start that poultry or piggery. You fit split the money 3 ways.

6 Likes

Re: After NYSC What With #500,000 In My Account? by OgogoroFreak(m): 2:21pm On Jul 26
Go clubbing, Carry oloshos, Eat big roasted fish and chips, drink enough bear. Life is too short.

8 Likes 2 Shares

Re: After NYSC What With #500,000 In My Account? by vickydevoka(m): 2:21pm On Jul 26
Cof1ex:
how real is it... I need something i can hustle for, not online stuff
U get Sense

2 Likes

Re: After NYSC What With #500,000 In My Account? by DARLINGTON869: 2:21pm On Jul 26
Bro, I would advice you sit your ass down, pray to God to open your eyes and mind to see a business opportunity that pass many by. Also think deeply about a venture you feel you are passionate about. Research and get adequate knowledge about it before committing 1 Kobo into.
Mark my words, many all in d name of investing in the reigning businesses such as bitcoin,
restaurant, even agric, have sank millions and recovered haved nothing.
That's not to say that the businesses stated above are not lucrative, however, you have to find the one that interests you. Good luck.

T.O Darling

1 Like

Re: After NYSC What With #500,000 In My Account? by gunners160(m): 2:23pm On Jul 26
Cof1ex:
thanks Sir, I really appreciate.... I can paint, and I wanted to learn how to produce paint but had some medical complications then that made me change my mind and hustle... and no one does that in my area. my area is not all that populated like sango otta here but it's not shanty either, it's comparable to some places in Umuahia...
. Looking at what u have written about ur area, it shows that competition is on a low key and that is a plus one for you and as a young entrepreneur. Avoiding competition at all cost is good for business.
Look around and choose which of them is best for u by also looking at the wants of the community (Major thing to put into consideration).
Some of the business ideas I can suggest for you are:
1. DRY clearing and hair saloon
2. Football viewing centre
3. sales of laptop and accessories ( Laptop charger,ram, hard drive, computer screen etc)
4. Laptop repairs
4. Sales of phone accessories ( wat u need to focus more on are phone parts such as screen , battery charger, condom case etc )
5. You can also go into phone repairs
6. Book shop ( Please don't look down on this because I male transaction with this people)
7. Sales of accessories ( Mp3, television, ear piece, Bluetooth speaker)
8.>Sales of electrical appliances
9. Frozen foods
10.You can go into tricycle business( Anything transport)
11 You can also go into pos services and charging of
phones

1. For now please avoid anything that has to do with agriculture or buying food stuffs from one locality to another.

2.Avoid anything that has to do with online business because you can loss your hard earned money if you known nothing about it. They will tell u it is paying because they made it but its possible u might not.

3. Go for anything realistic

4./Travel , travel and travel!! go to east, see what they do there and bring it to ur locality. Go to town and c what they do there and start it in ur locality.
For now, all best.....

16 Likes 2 Shares

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:24pm On Jul 26
Ibfpleasant:
Go and buy iPhone 11 Pro Max.
I dey road de go their shop, but traffic jam too much

8 Likes

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:24pm On Jul 26
AFONJAPIG:
Play bet 9ja Man United straight win with all the money
sure, thanks..
Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:25pm On Jul 26
temptnow:


Quickly go and play Mancity to draw with Norwich today and thank me later
OK... thanks
Re: After NYSC What With #500,000 In My Account? by Exmilitant(m): 2:27pm On Jul 26
Cof1ex:
Lala abeg naaa help me, i know their are people out there with answers to my question. Please move to front page... Ejoor, biko, abeg, please..
Op, invest in agriculture. Go into palm if you can acquire the land. I have a palm estate at Akampka in Crossriver State that i rent out on a yearly bases. Takes 3years befor harvesting. Since you don't have a side hustle for now, you could use 100k and start a mushroom farm while waiting for your palms. Mushroom takes 21 days to sprout, doesn't require land or much space, the market is ever ready. 500 bags of mushroom gets you 5 large basket twice every week. Think nothing else other than farming!

2 Likes 1 Share

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:27pm On Jul 26
ednut1:
Okada or keke napep
please I don't understand...

1 Like

Re: After NYSC What With #500,000 In My Account? by GerraMeh74(m): 2:27pm On Jul 26
maximus2:
Split your cash into 2(50/50 or 60/40).
Save 40%, use the other percent to do the following.

1.) Learn a marketable skill or skills
Why: because skill is the only thing you can use to raise capital for business when the chips are down.. marketable skills gives you something to fall back on...if you take it seriously you'll be fine financially in some months time .. Web design,digital marketing,graphic design etc...
Focus on 1 to 3 and learn the business of your skill too..
There are many skilled people who are not rightly positioned because they do not understand the business of their skill. One good project will recoup your investment in acquiring new skills(there's Fiverr and freelancing too),get a mentor on this

2.) Look for an offline business with low capital demands but reasonable ROI.. my suggestion is you learn the silver extraction business, it's very lucrative and the cost of starting compared to profit realised is low but you have to work hard as you'll do for any other business. You can learn importation too, not all these ones teaching you how to get products from China,then sell to imaginary customers... Get a real successful mentor to show you the ropes... especially with Facebook ads and pay on delivery.... The importation game has changed.(search for adesanya Sunday abiodun aka importation chief priest on Facebook,he has an office in Lagos and does one on one training, he's good at what he does)

3.) Set your sights on foreign exchange or crypto or both after the first 2 have been realized, don't be dumb enough to say forex or crypto is scam, the rate at which the country is going your 500k may lose value in the coming months . Find a way to earn money in foreign currency that way your are balanced. Crypto currency is really broad but we are about to have a repeat of the 2017/2018 bull run. As for forex,you can learn to trade,though that is a longer and more rewarding journey or you can look for a consistently profitable signal provider... And test the waters with your demo account for a week before risking your cash .. the same goes for crypto.

Pls don't be fooled by people posting screenshots of how much they've made from trading, most of them are after your money .. never ever give anyone money to trade for you.

Lastly combine option one with either option 2 or 3. Don't do both at the same time

Don't be ignorant of online businesses

There's a domain name business thread by Iykepromotions here on nairaland... Learn the ropes of that business,the ROI to cost is really good.

Before you do anything pls take out time to pray, this is your life we are talking about here,you've worked hard,you have the seed now,you just need to know the right ground to sow...

Before attempting any business or opportunity please take time to thoroughly do your research and investigations.

Remember this, a fool is easily parted with his money,so please be very wise and patient. Do not rush into anything so you'll not rush out in tears.

Thanks
Senior Man... E be like say you sabi oh.... I will like us to talk better

1 Like

Re: After NYSC What With #500,000 In My Account? by DontBullshitMe: 2:27pm On Jul 26
Respect to you mahn!!

According to you, you made an average of 50k per month when you drove okada. Why can't you return to that?

There is NO SHAME in legit hustle.

What did you study in school too?

1 Like

Re: After NYSC What With #500,000 In My Account? by RIVENDEL(m): 2:27pm On Jul 26
Come and trade in palm oil

2 Likes

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:28pm On Jul 26
AFONJAPIG:
if u are around east I will connect u with a friend , just start selling clothes in bail u will make it, the guy is making it big
I will be coming to east tomorrow...

1 Like

Re: After NYSC What With #500,000 In My Account? by DexterousOne(m): 2:28pm On Jul 26
Cof1ex:
Am really going to be straight here. I was able to save #200,000 through a side hustle (riding okada) early last year (jan-may) while awaiting service and up to another 100k i used for service.

I abandoned the money in a fixed deposit account and moved on for nysc... During my nysc, i found my way to the secretariat which gave me chance to do small hustle. I got a factory work which was paying me 25-35k (with loads of stress and i was settling them at the secretariate with 7k). With that, i was able to save all my allowee(#310,250) except the first that was paid in camp cash.

I traveled home during the early corona virus lock down as corpers were advised to go home or any safe place and my factory work was back sliding as materials were costly in the market. >>>

Currently am done with nysc and left my work before the lock down, critically thinking of what next to do with my life. Contemplating on staying back at ogun (sango otta) where i served or going back to abia (my state) and start up fishery or piggery, or poultry, or computer center, or dry cleaning. Just lost in thought. I know how hard i worked to gather this money, i starved myself and deprived myself enjoyment, and the shame of a graduate riding okada (as my dad was financially ok before he died 2k17). I just don't want to carry two legs put for river talk say na testing..

Please help!!!! Lala abeg push to fp

Whatever you do

Please please and pls

Do not
I repeat
Do not part with your money with anyone here in this forum

Keep your money saved for some time
While you figure things out....
Impulsive decisions always end in tears

5 Likes

Re: After NYSC What With #500,000 In My Account? by yetunsbay(m): 2:29pm On Jul 26
ChybuzzDD:


And then become a poor salary earner for life??
says who ? Job security + financial discipline with side hussle

6 Likes

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:29pm On Jul 26
loneprof:


Since you've been into transportation business (okada) before, I'd advise you use the money to get a nice and well maintained japanese car like Toyota. You can use the car for Taxi/Cab business. Transportation is very lucrative, especially in a city like Lagos... And the car would also double as a means of transportation for you.
can the amount I have get me such?

1 Like

Re: After NYSC What With #500,000 In My Account? by LegitDeals247: 2:30pm On Jul 26
maximus2:
Split your cash into 2(50/50 or 60/40).
Save 40%, use the other percent to do the following.

1.) Learn a marketable skill or skills
Why: because skill is the only thing you can use to raise capital for business when the chips are down.. marketable skills gives you something to fall back on...if you take it seriously you'll be fine financially in some months time .. Web design,digital marketing,graphic design etc...
Focus on 1 to 3 and learn the business of your skill too..
There are many skilled people who are not rightly positioned because they do not understand the business of their skill. One good project will recoup your investment in acquiring new skills(there's Fiverr and freelancing too),get a mentor on this

2.) Look for an offline business with low capital demands but reasonable ROI.. my suggestion is you learn the silver extraction business, it's very lucrative and the cost of starting compared to profit realised is low but you have to work hard as you'll do for any other business. You can learn importation too, not all these ones teaching you how to get products from China,then sell to imaginary customers... Get a real successful mentor to show you the ropes... especially with Facebook ads and pay on delivery.... The importation game has changed.(search for adesanya Sunday abiodun aka importation chief priest on Facebook,he has an office in Lagos and does one on one training, he's good at what he does)

3.) Set your sights on foreign exchange or crypto or both after the first 2 have been realized, don't be dumb enough to say forex or crypto is scam, the rate at which the country is going your 500k may lose value in the coming months . Find a way to earn money in foreign currency that way your are balanced. Crypto currency is really broad but we are about to have a repeat of the 2017/2018 bull run. As for forex,you can learn to trade,though that is a longer and more rewarding journey or you can look for a consistently profitable signal provider... And test the waters with your demo account for a week before risking your cash .. the same goes for crypto.

Pls don't be fooled by people posting screenshots of how much they've made from trading, most of them are after your money .. never ever give anyone money to trade for you.

Lastly combine option one with either option 2 or 3. Don't do both at the same time

Don't be ignorant of online businesses

There's a domain name business thread by Iykepromotions here on nairaland... Learn the ropes of that business,the ROI to cost is really good.

Before you do anything pls take out time to pray, this is your life we are talking about here,you've worked hard,you have the seed now,you just need to know the right ground to sow...

Before attempting any business or opportunity please take time to thoroughly do your research and investigations.

Remember this, a fool is easily parted with his money,so please be very wise and patient. Do not rush into anything so you'll not rush out in tears.

Thanks


I weak

1 Like

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:31pm On Jul 26
Diveystore2017:
Please just go into trading. It will pay your better. Especially, children wears (clothes and shoes) if your consistent, within 5years u will be building a house and living a good life.
thanks
Re: After NYSC What With #500,000 In My Account? by UDOKABESTLUV(m): 2:31pm On Jul 26
Start Blogging Business bro

3 Likes

Re: After NYSC What With #500,000 In My Account? by ednut1(m): 2:31pm On Jul 26
Cof1ex:
please I don't understand...
buy extra bike or keke give someone to drive

2 Likes

Re: After NYSC What With #500,000 In My Account? by Emperorx: 2:31pm On Jul 26
This is a good idea but he can be duped of that money unless he has a good link
azadus18:
buy FG job

6 Likes

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:32pm On Jul 26
ArticleBeast:

Flee from any nairaland invest nonsense. Start that poultry or piggery. You fit split the money 3 ways.
exactly
Re: After NYSC What With #500,000 In My Account? by Farki: 2:32pm On Jul 26
Jerusalem1:
Sir be warned don’t contact anyone on this forum regards to business. You’re not the only on such boat lots of Nigeria youths have money but scared to start business, the truth is business not easy right now in Nigeria you need lots of money to even think of good gains


I’ll advise you even if you want to start any business don’t use all the money keep some.



The only good answer so far, many people saying start a business don't even consider the business climate OP is in.

Personally I'm saving as much as possible and using it for stock trading. I know someone with experience and we are working together on it.

1 Like

Re: After NYSC What With #500,000 In My Account? by Cof1ex(m): 2:33pm On Jul 26
DARLINGTON869:
Bro, I would advice you sit your ass down, pray to God to open your eyes and mind to see a business opportunity that pass many by. Also think deeply about a venture you feel you are passionate about. Research and get adequate knowledge about it before committing 1 Kobo into.
Mark my words, many all in d name of investing in the reigning businesses such as bitcoin,
restaurant, even agric, have sank millions and recovered haved nothing.
That's not to say that the businesses stated above are not lucrative, however, you have to find the one that interests you. Good luck.

T.O Darling
thanks plenty, I really appreciate

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