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Nairaland Forum / Nairaland / General / Business / Business Ideas For A 5 Million Naira Capital (45959 Views)
Business Ideas With 30k Naira Capital / Free Info On Lucrative Business To Start With #5000 Naira. Capital or No Capital / Which Business Can A 50,000 Naira Capital Start? (2) (3) (4)
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Re: Business Ideas For A 5 Million Naira Capital by Cashalhaji: 1:02am On Mar 14, 2021 |
PervertProphet: I think computer training center is a beautiful idea if done well, but not for capital of 5m oooo,just about 1m or less if fine for this. |
Re: Business Ideas For A 5 Million Naira Capital by Cashalhaji: 1:22am On Mar 14, 2021 |
Alabaintprice: Yeah, right, isomw business can't go out if fashion not out of profit . In as much as people talk communicate .. phone & accessories must sell So far people eat .. food and agric related Business must sell So far people use shelter .. housing and relatede business must sell So far we move Mobility... Transportation and related must sell So far People Wear .. fashion related must sell So far People educate ... Education related stuffs must always be in line. Etc 4 Likes |
Re: Business Ideas For A 5 Million Naira Capital by uchman(m): 6:12am On Mar 14, 2021 |
[quote author=xfactordv post=99865245][/quote] Ask me question on where you sont understand and i will put you through... |
Re: Business Ideas For A 5 Million Naira Capital by Kaceman(m): 6:21am On Mar 14, 2021 |
Re: Business Ideas For A 5 Million Naira Capital by Alabaintprice(m): 8:08am On Mar 14, 2021 |
Cashalhaji: You get the point. It is a highly profitable business anyone can venture into. The best part of it is that you can decide to run it offline or online. Which ever works for you. I know of a banker that buys trending phone accessories from me and resells to his colleagues with very crazy profits....... He focuses more on iPhone accessories.... That is where the gold is. There is even more gold when you import iPhones from UK and resell in wholesale prices at quantity rate .... 2 Likes |
Re: Business Ideas For A 5 Million Naira Capital by shankara7: 8:39am On Mar 14, 2021 |
Cashalhaji:What's your location? |
Re: Business Ideas For A 5 Million Naira Capital by Mjay111: 1:26pm On Mar 14, 2021 |
MummyD2020:that's the problem, we lack honesty and integrity people in the country |
Re: Business Ideas For A 5 Million Naira Capital by michaelbills(m): 2:12pm On Mar 14, 2021 |
Please elaborate on the pig farming. Thank you. Assurance001: |
Re: Business Ideas For A 5 Million Naira Capital by Ikennali01(m): 7:59pm On Mar 14, 2021 |
Kwara1stson: Hello, I tried sending you a dm. |
Re: Business Ideas For A 5 Million Naira Capital by pricy007(m): 9:07pm On Mar 14, 2021 |
tolguy:I'm thinking of going into building material business, which building material do you actually specify on pls, I mean product do you actually sell? |
Re: Business Ideas For A 5 Million Naira Capital by smokey12345: 11:26pm On Mar 14, 2021 |
SavageResponse: Bro its good to only talk about what you know you dont have to say someone is saying rubbish.... i think we are all mature people okay? check out the buy it now price for those and those are not even on watchlist and if you bid for them it might not even be up to that amount at all all these are Run and Drive trucks check out the attached and rentals from 3 diff company 1 Like 1 Share
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Re: Business Ideas For A 5 Million Naira Capital by Kormex: 11:22am On Mar 15, 2021 |
kokaneprodigy: Where is your location? RC soft drink distribution is a good idea. Let me know if you are interested. |
Re: Business Ideas For A 5 Million Naira Capital by Nobody: 11:29am On Mar 15, 2021 |
Kormex:what is RC |
Re: Business Ideas For A 5 Million Naira Capital by TheGift: 2:00pm On Mar 15, 2021 |
Point noted, and taken. peeps4u: |
Re: Business Ideas For A 5 Million Naira Capital by fidtopade: 2:22pm On Mar 15, 2021 |
This is a very nice idea, the major problem I see here is the third party: that is the person to do the buying and dismantling. He might have finish the profit even touch the capital before the goods arrive Nigeria. That is where trust comes inn. Note: there are many whom are in the same situation as the op, so the contributions are not only for the op. uchman: 1 Like |
Re: Business Ideas For A 5 Million Naira Capital by uchman(m): 3:03pm On Mar 15, 2021 |
fidtopade: You are so right brother but one thing in life is to learn what you are doing and not really talking about the profit... |
Re: Business Ideas For A 5 Million Naira Capital by SavageResponse(m): 3:17pm On Mar 15, 2021 |
smokey12345: You're still talking rubbish! You advised the guy to buy a truck for 5 million and I called you out...now you're showing us pics of Volvo truck heads in the US for about $8,000 Have you ever seen this type of truck on Nigerian roads? How many Nigerian haulage companies even use Volvo trucks to begin with? Will the truck not be transported to Nigeria or do you think they will put it in an envelope and send it by courier to Nigeria? The cost of clearing the truck alone at Apapa Port is about 1million, we have not even included shipping costs What about the bucket for the truck or do you think you will just start carrying stuff without installing a bucket or trailer? I expected you to show us pics of fully kitted trucks in Nigeria that can be purchased for 5million instead you're showing us truck heads that have not even landed in Nigeria (I know this is impossible for you to do) @Kokaneprodigy if you listen to this guy just know you have set fire to the money cos he has absolutely no idea and no experience about haulage business; he's one of those armchair business people who think once you buy a truck you will start packing money with shovels everyday 4 Likes |
Re: Business Ideas For A 5 Million Naira Capital by alexvatt(m): 5:27pm On Mar 15, 2021 |
kokaneprodigy:I will be giving you N250,000 every month with that money. Guarantee. No story. we can run it together. |
Re: Business Ideas For A 5 Million Naira Capital by smokey12345: 7:51pm On Mar 15, 2021 |
I still dont give in to all your insult and i am not asking anyone to bring money to me for anything my know all.. before i forget.. Truck Bucket is not in Use here its Truck Flatbed and its between 140-190k monthly. TRUCK BUCKET is a work truck with an attached aerial lift. They are designed to safely lift people into the air to perform work that can't be easily or safely reached even with a ladder. Another point is that MACK and VOLVO is mostly used. My point is that you cant see beyond where you are sitting... but pls you can just talk politely without insult, we are not fighting here we are just sharing ideas SavageResponse: 1 Like
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Re: Business Ideas For A 5 Million Naira Capital by Theophinio(m): 10:04pm On Mar 15, 2021 |
Guru9ja: İ sent you pm bro |
Re: Business Ideas For A 5 Million Naira Capital by smokey12345: 10:37pm On Mar 15, 2021 |
I am back home now sir, let me do small breakdown for you if you can just sit and learn and you can even confirm it after now.. 1.. $6000 to $7000 will but you either.. MACK, VOLVO, DAF or SCANINA 2005 to 2007 2.. $1500 Freight 3.. #1,200,000 4.. #100,000 Servicing 5.. # 60,000 Truck Registration.. 6.. #198,000 Insurance 7.. # 223,000 GIT (Goods in Transit Insurance) Note: Insurance will reduce if the purchasing price reduce, Hope you know that? SavageResponse: |
Re: Business Ideas For A 5 Million Naira Capital by otikpoko(m): 9:47pm On Mar 16, 2021 |
Network marketing. I started a network marketing business sometime back with about 40k. Gradually, I grew this business and in 2 years, business was paying upto 500k monthly The start is not always easy because the business model is new to a lot of people. I did series of personal development and ruthless application of what I have learnt. 0 over head cost. Did not pay for rent, fuel, salary or even products. I partnered with a company that did all of the management. MI e was to refer people to use the productsame and if they like it, keep re-ordering and I get paid for each re-orders. Any new referral my customers make, I also got paid. I was able to build the business into about 16 countries and 4 continents within 4 years. There is also free travels upon qualifications, scholarships, house funds et al. What I love the most about it is that if I should die tomorrow, my family members will keep enjoying my earnings monthly. The start is not always easy as you will have to learn this business and become a professional in it. You can also look into importation....crazy money there. You should also look for a business that you love know do your research and market survey and start small and then grow big. One wrong move and you will loose that 5m like 50k. started a business and list over 8m last year because I wanted to hit it big So I say do serious research about what you love doing and find ways to monetize it. Don't through all your cash in. You can start with may 500k and gradually grow your business. Look for this books and also read. Rich dad poor dad by Robert kiyosaki. Business of the 21st century by Kiyosaki. The slight edge by Jeff Olson Thsee books will help you greatly. Good luck 2 Likes |
Re: Business Ideas For A 5 Million Naira Capital by fidtopade: 4:57am On Mar 17, 2021 |
You didn't include commission and service charge by the auction company and handler respectively. And you forget to include towing or transporting to the port of departure. These are other cost that are in thousands. For example, there are some lot that you pay more than $2000 commission on a lot that is above $5000. Inland transport to port of departure is not expected to cost less than $1000 and above depending on how close the sublot is to the port of of departure, note that most of these trucks may require the use of low bed to transport them to port. The handler or the bidder (agent) is another fee on its own. It is usually not as simple as you see it on auction site. smokey12345: |
Re: Business Ideas For A 5 Million Naira Capital by maybet081: 6:46am On Mar 17, 2021 |
LagBlogger:only if you are lucky to find a reliable driver. |
Re: Business Ideas For A 5 Million Naira Capital by Guru9ja(m): 9:28pm On Mar 17, 2021 |
Theophinio:Am here sir |
Re: Business Ideas For A 5 Million Naira Capital by Guru9ja(m): 9:48pm On Mar 17, 2021 |
Theophinio:I can't remember the email I used in registering for this account. Kindly message me through my whatsap number below |
Re: Business Ideas For A 5 Million Naira Capital by Theophinio(m): 10:15pm On Mar 17, 2021 |
Guru9ja: Ok sir Will whatsapp you 1 Like |
Re: Business Ideas For A 5 Million Naira Capital by Theophinio(m): 10:30pm On Mar 17, 2021 |
Cashalhaji: Wise Words |
Re: Business Ideas For A 5 Million Naira Capital by RichDaniels: 12:52pm On Mar 18, 2021 |
Hello kokaneprodigy, I hope this message meets you well. You could invest in the ever-growing transport industry. If you get the small bus for a million Naira and place a good rider, he can pay you a certain sum daily till the price with interest annually is fully paid. As a lawyer, I can take the task of drafting all necessary documents as well as follow up and monitoring the business on your behalf, to make sure you have a retained capital and profit at the end. Every business has its challenges, so I would also advise you to diversify your investment, why invest in transport alone, when you can do transport, canteen and others with the same sum. T To do this, we would register a company limited by shares, a start-up with a 5m share capital, have you as a majority shareholder and myself as a minority shareholder. I would run the business and other compliance issues needed while you stay as Chairman to the business. This way you can monitor the income and other finances as the business grows. I am available if you would like to discuss more, you can send a DM for my number or email. My address is at Lekki Phase1, Lagos State. Thank you. Sincerely, RichDaniels. 1 Like |
Re: Business Ideas For A 5 Million Naira Capital by Kwara1stson: 12:56am On Mar 20, 2021 |
Ikennali01:I responded.. |
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