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How To Make N50,000 - N200,000 Monthly, Using Only Your Phone - Business - Nairaland

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How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Dfrenzy(m): 6:30pm On Dec 26, 2021
Do you know that you can buy dollars at N480, and sell at N560, using only your phone? So, imagine buying $100 at the rate of N48,000, and selling at the rate of N56,000. That will be cool N8,000 made, in a space of 30 minutes. Plus, you can do it with $200, $500, and $1,000.

WhatsApp: 07018130222

2022 is almost here, we shall be exploring the very amazing means of earning good side income through the means of a smart phone.

1 Like 1 Share

Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by VlamesIffect(f): 9:29pm On Dec 26, 2021
If this works you would have kept it to yourself. Make the millions first before giving us.

6 Likes

Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Dfrenzy(m): 7:56am On Dec 27, 2021
You may be wondering...

What is "Dollar Trading Income Model"?

How does it work?

How do I get started?

How much can I make monthly?

What are the risks involved? If any?

By the end of this class, you will get all your answers.

And most Importantly...

The reason why you're here

Make 50k, 100k or even 200k monthly doing this Dollar Trading Income Model.


Let's go...

What's Dollar Trading Income Model?

It involves the exploitation of the differences in currency.

Put simply...

It's buying dollars for cheap and selling for higher price (Black Market rate).

So what this means is...

This business isn't just limited to "DOLLARS".

That means if you understand the model very well...

And you notice a big loophole in other currency...

You can buy it and sell for higher price.

In other words...

There can be Euro Trading Business Model...

And even...

Pounds Trading Business Model.

But for this class...


Our scope will be limited to DOLLARS.


Why?

Because, in Nigeria...

People buy DOLLARS alot.

That means the market is HUGE for us to tap into.

Now...

*Let me explain how this business works.*

So in this Dollar Trading Income Model...


You'll be buying and selling dollars to make profits...


For example...

2 different banks (Zenith bank and UBA bank) offer quotes for the US/NGN currency pair.


Say...

*Zenith Bank sets the rate at $1 per N450...*


*And UBA sets its rate at $1 per N500*


In Dollar Trading Income Model...


The trader would take buy dollars in Zenith bank at the rate of 450..

Send the dollar to UBA bank and convert it to Naira at 560 and withdraw it.

Do you see that for every transaction the trader makes 110?

*Let me paint a better example.*

Let's assume...

Zenith sells dollars at 450 per $1.

And UBA sells at 560 per $1



As a trader, you buy $100:

At 450 X $100 = N45k.

So you're trading with 45k.


Once you use the 45k to buy $100 at Zenith bank...

You transfer the dollars to your UBA bank.


*Remember: $1 = 560 at UBA.*

So you quickly sell off te $100 at UBA for the rate of...

$100 X 560 = 56k.

And then, you withdraw it and drink malt. �


Now let's do the profit maths.

You started with 45k.

Now you have 56k.


That's 50k-45k = 11k profit.


So if you trade $200...
That would be 22k profit


If you trade $500...
That would be 55k

*The good part?*

All these can be done within 30 minutes as a beginner...

And as time goes on, you'll be able to do it in *5 minutes or even less.*

*Another best part is that...*

You don't have to go to any bank to execute these transactions.

You can even sit in your bedroom, and carry out the trade.

Isn't it fantastic?

What do you guys think about this business model?�

Now before I continue to teach you the practicals...


So that you can start profiting from tomorrow.


If you have some concerns about the Dollar Trading Business Model...


State it...

So I'll answer it before we dive into the practicals.


Shall we?
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Yomit71(m): 8:07am On Dec 27, 2021
weldone OP
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Yomit71(m): 8:08am On Dec 27, 2021
The practical
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by OlawaleBammie: 9:53am On Dec 27, 2021
Lol, wait ooh, so how many dorm account one has to open?? grin
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by VlamesIffect(f): 6:32am On Dec 28, 2021
Very very IMPRACTICAL.


I Bet it sounds good on paper? When you did the maths you already Calculated how much to buy lexus next year right? grin

You don't even know what black market means if you are saying buying from uba & selling at first Bank or whatever bank.

And there's something called spread.

There's no way in hell that there will be a #50 spread between two banks buying & selling dollars at the OFFICIAL OVER THE COUNTER MARKET (that is if the bank sef is willing to sell you dollars)

All of them offer buying & selling prices within the same exchange rate & very tight spread for you to even make money after transaction costs ( again you don't know what black market is)

I will give you a better alternative. People have thought & attenpted this your BRILLIANT BUSINESS IDEA. it doesn't work like that.

Banks wey dey find foreign exchange na him go sell you dollars? if i hear.


But NICE ONE . NIGERIA NEEDS GREAT THINKERS LIKE YOU.

2 Likes

Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Dfrenzy(m): 2:13pm On Dec 29, 2021
Dollar Trading Income Model is like those Aboki guys that buy and sell dollars at various banks.

That means the business is here to stay for a long time.

It's not a trend that pump and burst like a birthday balloon!



But...

Unlike the Aboki guys...

- You don't have to hustle for sellers and buyers of your dollars.

- You don't have to go under the sun to shout "dollar dollar".


- You don't have to leave your house


- You don't need any bank connection to do this business


- You don't need plenty money to buy dollars.

- And your profit is way bigger than the one they make.
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by tafiya: 2:55pm On Dec 29, 2021
Following
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by destiny32(m): 3:29pm On Dec 29, 2021
Following..
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Omuuvwie(m): 3:47pm On Dec 29, 2021
Following
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Micelles: 4:18pm On Dec 29, 2021
Looks like dollar arbitrage to me




Dfrenzy
post=108845249:

You may be wondering...

What is "Dollar Trading Income Model"?

How does it work?

How do I get started?

How much can I make monthly?

What are the risks involved? If any?

By the end of this class, you will get all your answers.

And most Importantly...

The reason why you're here

Make 50k, 100k or even 200k monthly doing this Dollar Trading Income Model.


Let's go...

What's Dollar Trading Income Model?

It involves the exploitation of the differences in currency.

Put simply...

It's buying dollars for cheap and selling for higher price (Black Market rate).

So what this means is...

This business isn't just limited to "DOLLARS".

That means if you understand the model very well...

And you notice a big loophole in other currency...

You can buy it and sell for higher price.

In other words...

There can be Euro Trading Business Model...

And even...

Pounds Trading Business Model.

But for this class...


Our scope will be limited to DOLLARS.


Why?

Because, in Nigeria...

People buy DOLLARS alot.

That means the market is HUGE for us to tap into.

Now...

*Let me explain how this business works.*

So in this Dollar Trading Income Model...


You'll be buying and selling dollars to make profits...


For example...

2 different banks (Zenith bank and UBA bank) offer quotes for the US/NGN currency pair.


Say...

*Zenith Bank sets the rate at $1 per N450...*


*And UBA sets its rate at $1 per N500*


In Dollar Trading Income Model...


The trader would take buy dollars in Zenith bank at the rate of 450..

Send the dollar to UBA bank and convert it to Naira at 560 and withdraw it.

Do you see that for every transaction the trader makes 110?

*Let me paint a better example.*

Let's assume...

Zenith sells dollars at 450 per $1.

And UBA sells at 560 per $1



As a trader, you buy $100:

At 450 X $100 = N45k.

So you're trading with 45k.


Once you use the 45k to buy $100 at Zenith bank...

You transfer the dollars to your UBA bank.


*Remember: $1 = 560 at UBA.*

So you quickly sell off te $100 at UBA for the rate of...

$100 X 560 = 56k.

And then, you withdraw it and drink malt. �


Now let's do the profit maths.

You started with 45k.

Now you have 56k.


That's 50k-45k = 11k profit.


So if you trade $200...
That would be 22k profit


If you trade $500...
That would be 55k

*The good part?*

All these can be done within 30 minutes as a beginner...

And as time goes on, you'll be able to do it in *5 minutes or even less.*

*Another best part is that...*

You don't have to go to any bank to execute these transactions.

You can even sit in your bedroom, and carry out the trade.

Isn't it fantastic?

What do you guys think about this business model?�

Now before I continue to teach you the practicals...


So that you can start profiting from tomorrow.


If you have some concerns about the Dollar Trading Business Model...


State it...

So I'll answer it before we dive into the practicals.


Shall we?
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by destiny32(m): 10:54pm On Dec 29, 2021
Is actually possible to buy dollar from the bank and also sell to another bank
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Dfrenzy(m): 5:24pm On Jan 02, 2022
I know 50k, 100k is not much money to some people.

I also know 50k and 100k is a lot of money to most people.

If you start making 50k or even 100k by just pressing your smartphone...

How do you think life would be for you?

As you're entering the new year....2022


*What will an extra 50k or 100k income do to you?*

Fund your business?

Support your present job?

Grow your existing business?

Or flexing funds?

A whole lot of things can be sorted out.

The bottom line...

Your life would be much better.


Now before I introduce to the practicals...

It's better I tell you what this business isn't about.


1. This is NOT a Get-Rich-Quick scheme: it won't make you rich overnight.

It's why I said 50k to 100k monthly.


2. This isn't Forex. No need to fear. We're not using any bot that will tear down your money.


Although the business has a disadvantage.

You know every LEGIT thing in life comes with a bad side.

Even money rituals, I heard there's a consequence.

For the Dollar Arbitrage,

The only downside is if Naira rate rise.


For example,

If we wake up tomorrow and realize that $1 = N1....

Then our business have casted.

But you self...

Check am out!

With the way Buhari Government is going...


With the way Nigeria collects loan every 3 months,

Do you think N1 will equal $1 anytime soon?

You say No?

Then, we have a business for a long term.


And if you're thinking this is some techie stuff...


Well, I'm sorry to burst your bubble...

As long as you can do bank transfer

As long as you can use ATM card to buy something online.

As long as you can easily download Apps on Playstore...


Then you have all the tech skills required to start and run this business consistently.
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by sizzoo(m): 12:55pm On Jan 03, 2022
We are still waiting to see how it works
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by ilebaye2017(m): 2:04pm On Jan 03, 2022
Go on with the full lecture sir. We are waiting
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Dfrenzy(m): 3:38pm On Jan 13, 2022
And I'll clearly state it here that this isn't a Get Rich Quick scheme.


I won't sugarcoat it that there's no risk.

Because there is.


The risks are:

1. Using someone's card to buy dollar on the secret websites and Apps can make you lose your money permanently. So you want to be careful.


2. If Police catch you on the road and see the Apps, you might be in for a long one...
Because some of the Apps are used by Crypto boys.


And the biggest way to loss in this business.


3. If you wake up tomorrow and Buhari announced that $1 = N 1

Ha! That means our business is gone forever.

But think about it...

Will Naira ever reach dollars?
Re: How To Make N50,000 - N200,000 Monthly, Using Only Your Phone by Donkenz: 5:09pm On May 19, 2022
Up till now we have not seen the app nor the practical ��

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