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What Business Can I Start With 500k In Dis Harsh Economy - Business - Nairaland

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What Business Can I Start With 500k In Dis Harsh Economy by JamOSneh: 1:31pm On Sep 01, 2021
I will like to hear Advice from people here what business can I start with 500k and I won't regret in investing it , my location is ilorin
Re: What Business Can I Start With 500k In Dis Harsh Economy by opeyemhy02(m): 2:33pm On Sep 01, 2021
Source for cheap food commodities in remote area, preferably maize which can serve as human and animal food,search for company or feed Mill that require maize for it's production
2_3 buyers is enough
Re: What Business Can I Start With 500k In Dis Harsh Economy by JamOSneh: 3:07pm On Sep 01, 2021
Can you enlighten me more on GtB investment I can't find anything about it online
Harbidexy5:


GTB investment pay 150ROI which span over 6 months it's not a multilevel or a referral based...
You invest in gold and silver...
You can search on it yourself. You can also invest in stock if you are not a crypto lover. Even tho I would advice you learn to invest and HOLD a crypto asset not asking you to trade crypto oo. The real morning is HODLING a good projet.
Re: What Business Can I Start With 500k In Dis Harsh Economy by Teetee777: 3:58pm On Sep 01, 2021
Let me give you some options;
1. We are now in rice season, buy paddy rice, process it and sell to wholesalers and make your profit
Example:
Paddy rice is 15k now but it will reduce more than that before October
Process of 100kg rice is 2500 per bag with branded bag, with some miscellaneous 1000 .

Paddy rice 15,000
Processing. 2200
Branded bag 300
Other expenses 1000
All total is #18500

Your 500k will make 27 bags of local rice
The local rice in market now is 21,000
Assuming you sell a bag for 20,000
20,000 * 27 bags = 540k
You make 40k profit on your 500k

2. We are now in maize season, just look for buyers where you can supply maize, if it is 1k profit on a bag, it is something. Bag of maize is 15k for 125kg in adamawa state, 14k/ 95kg in taraba, , 15k/100kg in kastina etc

3. Mellon storage, use the money to buy Mellon and store it like 3month or 4month and sell them, you will make your profit also.

NB; stay away from greedy, if it's 500 on a bag is okay, don't think you'll make 200k profit for 500k capital

If you have CUSTOMERS for all those Agro-produces, I can supply you from northern state.

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