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Can You Start A Business With N50,000? Prove It! - Business - Nairaland

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Can You Start A Business With N50,000? Prove It! by V7place(m): 12:39pm On Sep 29, 2020
Bishop Oyedepo once said something . I cant remember the exact words, but it was something like “ Give one man N20,000 and in 10 years he’s turned it into a billion naira business. Give another man N20,000 and he’s broke before the end of the day”.

I heard a story that in 1990, both Sir Shina Peters and Jim Ovia made and spent N10 million ; one built a manson which is still standing in Lagos today; the other started a bank in his siting room, the name of the bank Zenith!

So are you a Nigerian living in Nigeria and a member of Nairaland? Can you start a business with N50,000 or transform an existing one? What business is that?

If you think you do, then V7Place.com has 50k for you!

Simply do the following:

1) Briefly state
(a) What the business is.
( b) How you intend to use the 50k
(c) How you expect to make the money back. Make It simple without divulging your “trade secrets”.
Post it here on Nairaland and v7place.com. We suggest not more than 5 paragraphs or 150 words.

2) Requirements:
(a) You must have been a member of Nairaland for at least 30 days and must have had at least 1 post.
(b) The winner consents to having their online username, name and picture publicly announced on the forums.

3) We will follow up to see if you did what you said you would and If you did, there's a prize for you.

On October 30th the winner will be announced.
Re: Can You Start A Business With N50,000? Prove It! by blizard44: 12:57pm On Sep 29, 2020
on, expansion would see a lot added. :

1 Like

Re: Can You Start A Business With N50,000? Prove It! by obilokechukwu(m): 1:36pm On Sep 29, 2020
yes i can prove it on forex and i will be pay you 10000 every month
Re: Can You Start A Business With N50,000? Prove It! by ola20: 2:38pm On Sep 29, 2020
Yes, I can prove it, with that money 50k,I will use it on Binance and before close of work on that day I will make profit of 15k, it is 100% legitimate business
Re: Can You Start A Business With N50,000? Prove It! by Akalia(m): 2:39pm On Sep 29, 2020
Give it to me and I will stake it on sports bet with sure odds. Watch the seed capital you gave me double real fast. Cheers!

3 Likes

Re: Can You Start A Business With N50,000? Prove It! by ately1(m): 2:39pm On Sep 29, 2020
Plantain Chips Making;
My wife's aunty has a plantain chip business in ajabadi ( DE BEST PLANTAIN CHIPS) very popular chips on our Lagos road. she planned to open her own branch In Badagry ..


 People like chewing stuffs like plantain chips and there is no end to it, so if she engage in the business of producing and supplying it to retailers (shops, marts and school) she will be making good money on daily basis.

she can render these services with the following financial plan

       I.            Big Frying Pan: N4, 000

     II.            Small Sealing Machine: N12, 000

  III.            The Nylons and Labels: N5, 000

  IV.            Other Utensils: N5, 000

    V.            Cost of Plantains and logistics: N24, 000


help her win this money thanks.

5 Likes

Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 6:22pm On Sep 29, 2020
Thanks all. Please dont forget to post here and on v7place.com
Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 6:23pm On Sep 29, 2020
ately1:
Plantain Chips Making;
My wife's aunty has a plantain chip business in ajabadi ( DE BEST PLANTAIN CHIPS) very popular chips on our Lagos road. she planned to open her own branch In Badagry ..


 People like chewing stuffs like plantain chips and there is no end to it, so if she engage in the business of producing and supplying it to retailers (shops, marts and school) she will be making good money on daily basis.

she can render these services with the following financial plan

       I.            Big Frying Pan: N4, 000

     II.            Small Sealing Machine: N12, 000

  III.            The Nylons and Labels: N5, 000

  IV.            Other Utensils: N5, 000

    V.            Cost of Plantains and logistics: N24, 000


help her win this money thanks.

Is your Aunt on Nairaland? She has to post herself!

1 Like

Re: Can You Start A Business With N50,000? Prove It! by Higgies: 6:38pm On Sep 29, 2020
50,000 is more than enough!

About half of it is all I need to start my business.

I'm based in IJEBU, so I want to be buying bags of garri from villages here and then take to Lagos to sell.
I've got people in Lagos already that are already ready and waiting to buy from me for reselling.
I plan to start with like 15bags every other day.
On each bag I get nothing less than #2000 profit.

3 Likes

Re: Can You Start A Business With N50,000? Prove It! by Emmaxy9(m): 7:10pm On Sep 29, 2020
You want business ideas, lol

4 Likes 1 Share

Re: Can You Start A Business With N50,000? Prove It! by ilebaye2017: 7:29pm On Sep 29, 2020
Higgies:
50,000 is more than enough!

About half of it is all I need to start my business.

I'm based in IJEBU, so I want to be buying bags of garri from villages here and then take to Lagos to sell.
I've got people in Lagos already that are already ready and waiting to buy from me for reselling.
I plan to start with like 15bags every other day.
On each bag I get nothing less than #2000 profit.
With due respect are you saying that 25000 would buy you 15 bags of garri at Ijebu village?

1 Like

Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 9:45pm On Sep 29, 2020
Higgies:
50,000 is more than enough!

About half of it is all I need to start my business.

I'm based in IJEBU, so I want to be buying bags of garri from villages here and then take to Lagos to sell.
I've got people in Lagos already that are already ready and waiting to buy from me for reselling.
I plan to start with like 15bags every other day.
On each bag I get nothing less than #2000 profit.

Interesting!

1 Like

Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 9:47pm On Sep 29, 2020
Akalia:
Give it to me and I will stake it on sports bet with sure odds. Watch the seed capital you gave me double real fast. Cheers!

Sports Bet ? As in start your own sports betting business or make bets for yourself?
Sure Odss? Meaning you cant loose?

1 Like

Re: Can You Start A Business With N50,000? Prove It! by bukhety(f): 9:52pm On Sep 29, 2020
With that money I can use it to sell baby things and supply to women who came for antenatal at general and private hospitals. A pregnant woman would prefer getting things at their comfort especially when they are getting it at the same price they will get it in the market.

2 Likes

Re: Can You Start A Business With N50,000? Prove It! by Macjeph: 9:54pm On Sep 29, 2020
V7place:


Interesting!
with 50k you can start a mini importation hub of some fitnes items or any other niche of your choice https:///CZ182SmXxbrDU4quEpNfma
Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 10:20pm On Sep 29, 2020
My people, thanks for the contributions so far: to qualify please don't forget to:
State how you intend to use the 50k
How you expect to make the money back showing profit of course (time frame etc)
Post this on both Nairaland and v7placec.com

1 Like

Re: Can You Start A Business With N50,000? Prove It! by Akalia(m): 10:36pm On Sep 29, 2020
V7place:


Sports Bet ? As in start your own sports betting business or make bets for yourself?
Sure Odss? Meaning you cant loose?
I will stake the money. I sure will not loose. There's a winning strategy in place that has being working for a team of gamblers of which I belong to.
Re: Can You Start A Business With N50,000? Prove It! by dearygally: 10:45pm On Sep 29, 2020
V7place:
Bishop Oyedepo once said something . I cant remember the exact words, but it was something like “ Give one man N20,000 and in 10 years he’s turned it into a billion naira business. Give another man N20,000 and he’s broke before the end of the day”.

I heard a story that in 1990, both Sir Shina Peters and Jim Ovia made and spent N10 million ; one built a manson which is still standing in Lagos today; the other started a bank in his siting room, the name of the bank Zenith!

So are you a Nigerian living in Nigeria and a member of Nairaland? Can you start a business with N50,000 or transform an existing one? What business is that?

If you think you do, then V7Place.com has 50k for you!

Simply do the following:

1) Briefly state
(a) What the business is.
( b) How you intend to use the 50k
(c) How you expect to make the money back. Make It simple without divulging your “trade secrets”.
Post it here on Nairaland and v7place.com. We suggest not more than 5 paragraphs or 150 words.

2) Requirements:
(a) You must have been a member of Nairaland for at least 30 days and must have had at least 1 post.
(b) The winner consents to having their online username, name and picture publicly announced on the forums.

3) We will follow up to see if you did what you said you would and If you did, there's a prize for you.

On November 30th the winner will be announced.
The business is Thrifts
I have access to a lot of organizations that auctions things, from house and office furniture to electronics to kitchen wares and a lot more(it ranges according to what organization is auctioning ).
For example; chairs can come in for as low as 1k/2k and can be resold for 3k /4k or set of pots and kettles for 3000 and be resold for 5k /6k.
It's an already existing business..I sell from home and also arrange delivery for those who can not come pick up.I have a thread here on Nairaland and also a whatsapp group and of course my clients in different markets in Lagos. There are always relevant and quality wares as niaralanders that are my customers can testify to.Let me stop here as I don't intend to divulge much.
There's usually a surge in auctions and purchase towards the end of the year and begining of a new year so its a perfect timing.

3 Likes

Re: Can You Start A Business With N50,000? Prove It! by uthlaw(m): 11:37pm On Sep 29, 2020
1.i stay in kaduna state.
2.maize and soya for feed milling.
3.buy 5bags of soya at #4300 each,transport each one at #200,total #4500 and resell for #6000 on daily basis.buy 3bags of maize at #9000 each and resell at 11000 on daily basis.
note:you buy from village one hour journey to main town.

5 Likes

Re: Can You Start A Business With N50,000? Prove It! by babzo(m): 1:23am On Sep 30, 2020
uthlaw:
1.i stay in kaduna state.
2.maize and soya for feed milling.
3.buy 5bags of soya at #4300 each,transport each one at #200,total #4500 and resell for #6000 on daily basis.buy 3bags of maize at #9000 each and resell at 11000 on daily basis.
note:you buy from village one hour journey to main town.

Is it still safe on the road to the village? As in bandits? Are there security roadblocks you have to pay money?

1 Like

Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 7:01am On Sep 30, 2020
Still Collating!
Re: Can You Start A Business With N50,000? Prove It! by ately1(m): 7:04am On Sep 30, 2020
[quote author=V7place post=94443152]

Is your Aunt on Nairaland? She has to post herself![/quote


my wife wants to open a branch in Badagry.. she wants to help expand the business.. I am speaking on her behalf.. she is not on nairaland. would love to do the business my self. as you can see I'm a car agent .. if you want proof you can come down to badagry and see for your self. or drop your WhatsApp number. ..

1 Like

Re: Can You Start A Business With N50,000? Prove It! by WaterPurifier: 7:17am On Sep 30, 2020
50k na small change to do business jare.

The business I spent 120k on sef only small profit was there... Nigeria Naira has no value

2 Likes

Re: Can You Start A Business With N50,000? Prove It! by PrudencyFeats: 7:58am On Sep 30, 2020
V7place:
Bishop Oyedepo once said something . I cant remember the exact words, but it was something like “ Give one man N20,000 and in 10 years he’s turned it into a billion naira business. Give another man N20,000 and he’s broke before the end of the day”.

I heard a story that in 1990, both Sir Shina Peters and Jim Ovia made and spent N10 million ; one built a manson which is still standing in Lagos today; the other started a bank in his siting room, the name of the bank Zenith!

So are you a Nigerian living in Nigeria and a member of Nairaland? Can you start a business with N50,000 or transform an existing one? What business is that?

If you think you do, then V7Place.com has 50k for you!

Simply do the following:

1) Briefly state
(a) What the business is.
( b) How you intend to use the 50k
(c) How you expect to make the money back. Make It simple without divulging your “trade secrets”.
Post it here on Nairaland and v7place.com. We suggest not more than 5 paragraphs or 150 words.

2) Requirements:
(a) You must have been a member of Nairaland for at least 30 days and must have had at least 1 post.
(b) The winner consents to having their online username, name and picture publicly announced on the forums.

3) We will follow up to see if you did what you said you would and If you did, there's a prize for you.

On November 30th the winner will be announced.

It was a comparison between Shins Peters and Jim Ovia. While Shina built a house worth 20 million naira in 1990 Jim secured a banking license with same amount in 1990 named Zenith bank - the largest bank in Nigeria today.

Its good to be educated for knowledge on how to invest.

1 Like

Re: Can You Start A Business With N50,000? Prove It! by uthlaw(m): 8:12am On Sep 30, 2020
babzo:


Is it still safe on the road to the village? As in bandits? Are there security roadblocks you have to pay money?
is not everyplace you see bandits,I only heard,the way you heard on news forum!

2 Likes

Re: Can You Start A Business With N50,000? Prove It! by fazbuk(m): 8:15am On Sep 30, 2020
Please link me up!!!






Higgies:
50,000 is more than enough!

About half of it is all I need to start my business.

I'm based in IJEBU, so I want to be buying bags of garri from villages here and then take to Lagos to sell.
I've got people in Lagos already that are already ready and waiting to buy from me for reselling.
I plan to start with like 15bags every other day.
On each bag I get nothing less than #2000 profit.
Re: Can You Start A Business With N50,000? Prove It! by V7place(m): 8:17am On Sep 30, 2020
WaterPurifier:
50k na small change to do business jare.

The business I spent 120k on sef only small profit was there... Nigeria Naira has no value

Interesting Perspective!
Re: Can You Start A Business With N50,000? Prove It! by Nobody: 9:34am On Sep 30, 2020
V7place:
Still Collating!
(a)fashion business. (b)use 30k to get goods, from the remaining money pay for space at vesper. (c) then sell every monday,Wednesday and fridays, by the end of 3rd week not matter as market bad reach i must have sold all.
Re: Can You Start A Business With N50,000? Prove It! by PrudencyFeats: 9:43am On Sep 30, 2020
WaterPurifier:
50k na small change to do business jare.

The business I spent 120k on sef only small profit was there... Nigeria Naira has no value

Very true. Hardly any trade or production with 50k would last. You may start up with it but when you consider expenses in your business and personal expenses, you will run down in a short run.

Doing online business with it just the best option because 50k is about $100 which is enough to risk online and thier are tendencies to make $10 per day which is about 5k.

1 Like 1 Share

Re: Can You Start A Business With N50,000? Prove It! by WaterPurifier: 10:04am On Sep 30, 2020
PrudencyFeats:


Very true. Hardly any trade or production with 50k would last. You may start up with it but when you consider expenses in your business and personal expenses, you will run down in a short run.

Doing online business with it just the best option because 50k is about $100 which is enough to risk online and thier are tendencies to make $10 per day which is about 5k.

You grab

Online business model is what I'll advice any youth to start first. No time for running expenses and personal expenses like offline biz.

Most people in business you see are in debt but they wouldn't tell you.

2 Likes

Re: Can You Start A Business With N50,000? Prove It! by dearygally: 10:19am On Sep 30, 2020
Both offline and online businesses are profitable..Most times its not about the business but about the individual behind the business...Any amount can start a business but greed kills us in Nigeria,we want to go from 10k to 100k in a week..if i buy something at 1k and sell at 2k the same day isn't it more reasonable than waiting a longer time to sell it for 2500..
It's all in perception..Business is not for every one..business is consistentency and growth..offline business also help you build your social network and opens you to more opportunities.

2 Likes

Re: Can You Start A Business With N50,000? Prove It! by PrudencyFeats: 10:21am On Sep 30, 2020
WaterPurifier:


You grab

Online business model is what I'll advice any youth to start first. No time for running expenses and personal expenses like offline biz.

Most people in business you see are in debt but they wouldn't tell you.


Sure. They will explain A B and C on how to run the business, but they don't understand that unforseen circumstances can occur, like giving you a wrong quality, rains can have effect on offline business, what about expenses and costs of running the business, you will still have to take care of yourself. They forget that offline business is not constant.

I'm not discouraging anyone venturing into offline business, but don't try it with 50k...you’ll sink it.

Online business is better with that 50k.

1 Like

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