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How Were You Able To Start & Grow Your Business To Profitability? - Business (3) - Nairaland

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Re: How Were You Able To Start & Grow Your Business To Profitability? by BlessedNuel: 12:06pm On Dec 22, 2020
Onyxunlimited:

Bless you. I want to learn bee farming, how can I go about it?

Kindly Inbox me on the number on my signature let's talk about it

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by Kalaba(m): 12:07pm On Dec 22, 2020
ecomalchemist:
Started importing high end tech gadgets and selling in Nigeria for profit.

I invested in facebook, Instagram and WhatsApp ads.

Occasionally I use Nairaland for free traffic.

Advertising is the life blood of any business.

Congrats man.
I run Google ads, Facebook, twitter, instagram, LinkedIn and YouTube ads. Please contact me when next you need to run an add or any SEO services on your website
Re: How Were You Able To Start & Grow Your Business To Profitability? by Fantazy(m): 12:07pm On Dec 22, 2020
Timagex:
Well, I started my own photography business a while before I gained admission. it's not easy out there o. But, consistency, hardwork and grace of God kept us going.




I'm a portrait and events photographer. Try me and see. Check my signature and Let's do business. (There is a package for every budget) cool wink.

Let me work with/for you na
I'm a good photo and video editor
Re: How Were You Able To Start & Grow Your Business To Profitability? by Onyxunlimited(f): 12:11pm On Dec 22, 2020
ecomalchemist:
Started importing high end tech gadgets and selling in Nigeria for profit.

I invested in facebook, Instagram and WhatsApp ads.

Occasionally I use Nairaland for free traffic.

Advertising is the life blood of any business.

True that.
Speaking of adverts, I teach digital marketing (Facebook, Instagram, twitter, Email, YouTube etc) there's a free basic class going on right now on WhatsApp https:///KcWdGLRGAAeKj32dAlMN1N

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by wman(m): 12:14pm On Dec 22, 2020
ehinmowo:


Good one. I am starting a business by March. I am resigning my 8-5 job.

I am praying I make success of it along the line.

Can you run the business on the side while you still work on your job? Then resign later.

At least to let the business pick up.

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by nazicartel(m): 12:14pm On Dec 22, 2020
I have been given a family land, in a very good place, the issue is that I want to venture into agriculture especially plantation, but I still don't know how to go about it

2 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by NaijaCover(m): 12:15pm On Dec 22, 2020
HalpyBee:
Know yourself, your true motivational level, the amount of money you can risk, and what you're willing to do to be successful.
Sure, we all want to make millions of naira. But what are you willing to give up to reach that goal? How many hours a week will you work on an ongoing basis? How far out of your comfort zone are you willing to stretch?
To be successful, keep your business plans in line with your personal goals and resources.

Are you a man or woman
Re: How Were You Able To Start & Grow Your Business To Profitability? by ibechris(m): 12:15pm On Dec 22, 2020
Mekudi:
I'm a graphic designer, I used to create whatsapp & telegram group where I teach people how to design and I also make cool money from designing for people
POS & Selling gas ,i stop selling on credit since the day a customer raised her voice on me for asking her about my #600(2kg) that she refused to pay for almost 2 months, she said is it because of #600 I'm sending her kids to remind her of the debt. She still haven't pay me till today and I'm sure she as been using gas to cook ,some will buy gas from me on credit and when it's time for them to pay they'll say the gas doesn't last that1kg supposed to last them for 2weeks but it only last them for 4 days bla bla bla , they'll say na only Noddles they cook , they'll end up not paying or pay reluctantly,they are many like that, when they have cash they go to another shop ,when they want credit , they'll come to my shop
The day I stopped selling on credit , debtor's have stopped coming to my shop and I have been having savings and profit

On my POS ,Some will do fake transfer to my acc, rushing me to give them cash ,I won't release cash untill I confirm the credit on my bank app,some close neighbor will come and drop Thier ATM on my desk that their kid is sick and they needed cash ( 2k-5k) , they'll say their husband have send them money but it hasn't reflect in their acc or they are expecting money from a debtor, family or friends asking me to give them the cash and withdraw it later on their ATM card when money get to the card , I'll reject such, Some people have stopped greeting me cus of that.they said I'm too strict . If my business ruin na them go still mock me behind


Nice one!they want to use ur business to cushion their lack, thereby running urs down just for their greed.

12 Likes 1 Share

Re: How Were You Able To Start & Grow Your Business To Profitability? by michoim(m): 12:17pm On Dec 22, 2020
nanauju:



Hmmm.. Resigning your job to face the business.. Again hmm

Meanwhile let me ask this question though.. for the purpose of learning..
What is funding your business until it gets to profitability
Wise question
Re: How Were You Able To Start & Grow Your Business To Profitability? by 400billionman: 12:19pm On Dec 22, 2020
Paxxcarl:
what business can i venture into to be earning 300k monthly from a capital of 3million naira
i have been buying real estates land and i’m down to my last 4million


Business depends on your location.
Re: How Were You Able To Start & Grow Your Business To Profitability? by 400billionman: 12:21pm On Dec 22, 2020
JayDaily:
well let me answer this.

Had a relation who was so much into sports betting, lost so much, he was a *siful safant*...

as soon as his salary drops, uncle has a sure game already...

before you know, few days after salary, he quarreling with his family and every one, due to frustration, he was almost always bitter.

Along the line he met a guy in a viewing center around GRA ph. they got talking and got acquainted and that was it.

Guy was a full time into sports and making good off it.

Carried uncle siful safant along and with time, there was changes.

soon Uncle wasn't bitter anymore and everyone was happy with his new self.

I met him in 2015 to show me the way, and he kept me hanging till 2016.

2016 January I almost killed him with disturbance because it wasn't easy for me then.

uncle told me what's up, ask for a 100k capital which I provided and that was it.

along the line I discovered a strategy which we imputed into the system and today we are making more.


so 3 years down the line by Devine grace I'm now contented.

so it hasn't been easy but there's certainly no regrets today.

PS.

Im not promoting this because it can be huge loss when you don't know what you doing.

this has now been a full time business to me and our small circle.

Guy, I know this thing has a secret.

Can you let me into it ?

2 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by Asquare84(m): 12:22pm On Dec 22, 2020
Dpharisee:
I am combining my business with 8-5 job and it has not been easy, my staff have made every effort to frustrate me, that's the greatest problem of business in Nigeria (getting trustworthy personally).
I have had to change staff at different times still they are not sincere, they just want to cheat the system even though I don't delay salary by even a day and I can't quit my job now to stay in the shop permanently.
I even engaged my brother to run the business it became worse as he won't give proper record, telling me how he sold on credit to customers and he started living large.

If you are not the one running the business directly day to day or don't have a strict line of control as a medium range organisation it's not very advisable to venture into it.

Keep firing them until you get the best hand
Re: How Were You Able To Start & Grow Your Business To Profitability? by objohn(f): 12:22pm On Dec 22, 2020
Onyxunlimited:

True that.
Speaking of adverts, I teach digital marketing (Facebook, Instagram, twitter, Email, YouTube etc) there's a free basic class going on right now on WhatsApp https:///KcWdGLRGAAeKj32dAlMN1N


the link isn't going
Re: How Were You Able To Start & Grow Your Business To Profitability? by MSA0173(m): 12:25pm On Dec 22, 2020
That's true bro keep good work going.
Re: How Were You Able To Start & Grow Your Business To Profitability? by Spectrum22: 12:27pm On Dec 22, 2020
Dpharisee:
I am combining my business with 8-5 job and it has not been easy, my staff have made every effort to frustrate me, that's the greatest problem of business in Nigeria (getting trustworthy personally).
I have had to change staff at different times still they are not sincere, they just want to cheat the system even though I don't delay salary by even a day and I can't quit my job now to stay in the shop permanently.
I even engaged my brother to run the business it became worse as he won't give proper record, telling me how he sold on credit to customers and he started living large.

If you are not the one running the business directly day to day or don't have a strict line of control as a medium range organisation it's not very advisable to venture into it.

This is the exact problem I've been facing in my business. It seems my workers are hell bent on ruining my business.

I know one day God will give me a solution.

5 Likes 1 Share

Re: How Were You Able To Start & Grow Your Business To Profitability? by Oktane: 12:29pm On Dec 22, 2020
Paxxcarl:
what business can i venture into to be earning 300k monthly from a capital of 3million naira
i have been buying real estates land and i’m down to my last 4million

My post may be a bit long but I hope you learn something from it ....no matter how small.

I think your expectations are a bit too steep for someone who wants to embark on a totally fresh path. You talking 10% monthly reward here. While this isn't impossible it most definitely will be a rare feat.

If on the other hand you are investing in the expansion of an already existing business that is making some form of profit then 10% or even more is very practicable.

My suggestion is that you should use like 500k of that money and create a trading business with particular emphasis on something that sells everyday. Trust me several products abound. Most of these products can give you 10% profit per sale and you can turnaround your capital several tines per week.

Right here on Nairaland there are several accounts of businesses that are doing very well. Most of these businesses are not the type that the typical Nigerian graduate will be proud of....and yet they are money spinners.

Some years ago, I employed an ex-banker in my company and only did this for sentimental reasons. He was a poor fit from day one. So I told him that I will allow him six months after which I will terminate. I then advised that he seek out what he intends to do when he leaves me. The man came up with very utopian and impracticable ideas. I just kept telling him to keep it simple. I nudged him in the direction of eggs distribution and he kept resisting his reason being that it is degrading. I even introduced him to Nairaland where a thread by one Blacky provided a detailed guide on eggs distribution.

To cut the long story short, he was swept off high horse last year and he embarked on eggs sales in December 2019. It's amazing that in just one year he is doing very well with a weekly turnover of 1.5 Million with his net profit being about 5% of that amount. What more could be ask for?

I am not advising you to go into eggs sir. I am however suggesting that you look at different FMCG options and choose one that people must buy everyday. Modify how it is being done by the majority and then begin to smile daily to the bank.

There is one I keep looking at everyday and I am just wondering how I can approach it. It's a simple model, fast moving product, 10% daily profit, minimal risk potential and very importantly it has a very affordable start out requirement. To crown it all I am reading a particular thread about it here on Nairaland and the OP is the best.

16 Likes 2 Shares

Re: How Were You Able To Start & Grow Your Business To Profitability? by Sonnobax15(m): 12:30pm On Dec 22, 2020
JayDaily:
well let me answer this.

Had a relation who was so much into sports betting, lost so much, he was a *siful safant*...

as soon as his salary drops, uncle has a sure game already...

before you know, few days after salary, he quarreling with his family and every one, due to frustration, he was almost always bitter.

Along the line he met a guy in a viewing center around GRA ph. they got talking and got acquainted and that was it.

Guy was a full time into sports and making good off it.

Carried uncle siful safant along and with time, there was changes.

soon Uncle wasn't bitter anymore and everyone was happy with his new self.

I met him in 2015 to show me the way, and he kept me hanging till 2016.

2016 January I almost killed him with disturbance because it wasn't easy for me then.

uncle told me what's up, ask for a 100k capital which I provided and that was it.

along the line I discovered a strategy which we imputed into the system and today we are making more.


so 3 years down the line by Devine grace I'm now contented.

so it hasn't been easy but there's certainly no regrets today.

PS.

Im not promoting this because it can be huge loss when you don't know what you doing.

this has now been a full time business to me and our small circle.
Bro,lemme drop my bag of pride and be loyal for once.
Bros,how you take do am ?

2 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by Thinee(m): 12:36pm On Dec 22, 2020
Please how did you do it boss.... please can you let me into it


JayDaily:
well let me answer this.

Had a relation who was so much into sports betting, lost so much, he was a *siful safant*...

as soon as his salary drops, uncle has a sure game already...

before you know, few days after salary, he quarreling with his family and every one, due to frustration, he was almost always bitter.

Along the line he met a guy in a viewing center around GRA ph. they got talking and got acquainted and that was it.

Guy was a full time into sports and making good off it.

Carried uncle siful safant along and with time, there was changes.

soon Uncle wasn't bitter anymore and everyone was happy with his new self.

I met him in 2015 to show me the way, and he kept me hanging till 2016.

2016 January I almost killed him with disturbance because it wasn't easy for me then.

uncle told me what's up, ask for a 100k capital which I provided and that was it.

along the line I discovered a strategy which we imputed into the system and today we are making more.


so 3 years down the line by Devine grace I'm now contented.

so it hasn't been easy but there's certainly no regrets today.

PS.

Im not promoting this because it can be huge loss when you don't know what you doing.

this has now been a full time business to me and our small circle.
Re: How Were You Able To Start & Grow Your Business To Profitability? by INTEGRITYA1(m): 12:37pm On Dec 22, 2020
Following.
Re: How Were You Able To Start & Grow Your Business To Profitability? by Nobody: 12:39pm On Dec 22, 2020
Thinee:
Please how did you do it boss.... please can you let me into it

if you are serious, yeah I can.
my signature

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by Nobody: 12:39pm On Dec 22, 2020
ecomalchemist:
Started importing high end tech gadgets and selling in Nigeria for profit.

I invested in facebook, Instagram and WhatsApp ads.

Occasionally I use Nairaland for free traffic.

Advertising is the life blood of any business.


Can you put me through as a starter n how much is the capital with the current situation of things?
Re: How Were You Able To Start & Grow Your Business To Profitability? by Escaliburx: 12:47pm On Dec 22, 2020
There is one I keep looking at everyday and I am just wondering how I can approach it. It's a simple model, fast moving product, 10% daily profit, minimal risk potential and very importantly it has a very affordable start out requirement. To crown it all I am reading a particular thread about it here on Nairaland and the OP is the best.[/quote]


What business is that, do you mind sharing?
Re: How Were You Able To Start & Grow Your Business To Profitability? by WalkerMichael(m): 12:48pm On Dec 22, 2020
Oktane:


[i]My post may be a bit long but I hope you learn something from it

you're awesome brother. link to the thread for future reference please. thank you so much
Re: How Were You Able To Start & Grow Your Business To Profitability? by evy1(m): 12:50pm On Dec 22, 2020
I started door to door delivery in 2019 by myself, was able to save up and I have a bike now that runs logistics for me.

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by princessConfy(f): 12:54pm On Dec 22, 2020
ehinmowo:


If your question is an attempt to decide whether resigning would be good idea or bad one, forget it. My letter is ready.

Even if the business doesn't come out as expected, may God never make me see things that would make me go back to 8-5

Amen.
Re: How Were You Able To Start & Grow Your Business To Profitability? by IamHonourable1: 12:55pm On Dec 22, 2020
Mekudi:
I'm a graphic designer, I used to create whatsapp & telegram group where I teach people how to design and I also make cool money from designing for people
POS & Selling gas ,i stop selling on credit since the day a customer raised her voice on me for asking her about my #600(2kg) that she refused to pay for almost 2 months, she said is it because of #600 I'm sending her kids to remind her of the debt. She still haven't pay me till today and I'm sure she as been using gas to cook ,some will buy gas from me on credit and when it's time for them to pay they'll say the gas doesn't last that1kg supposed to last them for 2weeks but it only last them for 4 days bla bla bla , they'll say na only Noddles they cook , they'll end up not paying or pay reluctantly,they are many like that, when they have cash they go to another shop ,when they want credit , they'll come to my shop
The day I stopped selling on credit , debtor's have stopped coming to my shop and I have been having savings and profit

On my POS ,Some will do fake transfer to my acc, rushing me to give them cash ,I won't release cash untill I confirm the credit on my bank app,some close neighbor will come and drop Thier ATM on my desk that their kid is sick and they needed cash ( 2k-5k) , they'll say their husband have send them money but it hasn't reflect in their acc or they are expecting money from a debtor, family or friends asking me to give them the cash and withdraw it later on their ATM card when money get to the card , I'll reject such, Some people have stopped greeting me cus of that.they said I'm too strict . If my business ruin na them go still mock me behind


Anybody that stopped greeting you because you're strict with your business is a useless person.

16 Likes 1 Share

Re: How Were You Able To Start & Grow Your Business To Profitability? by chozzy: 12:57pm On Dec 22, 2020
BlessedNuel:
Thanks for sharing bro....the bigger you I pray.

Am a student and also a honey bee farmer.

Learnt the skills from my dad....he is a bee farmer too but as the firstborn and first son...I dey very close to him...we go to the farm together,that time...bees dey yakpa me but I didn't give up.

I learnt so many things from dad which I am using to manage my own farm currently.

Talking about the sales....it was something else..(being a mechanical engineering student and my school UNN wey be "No - Nonsense kinda institution"wink when I started, people didn't trust me much then...Waybills was war for me...I do travel back home more often to check on my farm......but with time,I built strong buyer-seller relationship with many people.

One thing you all should know is this...there is no shortcut to heaven.

Nothing good comes easy....no be say I dey hardworking pass but nature always give us unlimited opportunities which are invariably limited to an extent.

Anything that you are doing in this life,keep your hands clean...don't cheat people no matter what,what goes around comes around.

Be real and transparent in your doings....heaven will surely come thru for you.

Can I be your distributor in Lagos?
.
Re: How Were You Able To Start & Grow Your Business To Profitability? by chuksjuve(m): 12:58pm On Dec 22, 2020
We are still at the quality service delivery stage..

Contact us for your landscape and gardening services to help elevate us to the business profitability stage ..

cheesy
Re: How Were You Able To Start & Grow Your Business To Profitability? by KingUg(m): 12:59pm On Dec 22, 2020
evy1:
I started door to door delivery in 2019 by myself, was able to save up and I have a bike now that runs logistics for me.
bro how is this logistics business I have that in mind to venture into but how profitable is it? Do you mind if we can chat or something pls your response is highly anticipated

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