I hope the moderators here will be magnanimous enough to forward this piece to a larger audience.

Over the years on Nairaland I've come across several people seeking for ideas (financial) on what business to do with certain amount, how to go about certain businesses, how to raise funds and so on...

For those who don't like reading lengthy post, this might be a very beneficial one to you.
If you think it's a Nigeria thing to endlessly seek for job after school or to take up a job unrelated to your decipline, it's not.
Most of us are only inclined to practice and copy what others are already doing with zero to very little level of ingenuity of our own.

Today I'll be sharing a particular business practice with you. Irrespective of your location, you can pattern your business after this model.

Using a compound profit method, let's see what one hundred thousand naira can give you in less than one year.

Commodity to sell ( any food item less than N30,000) to start
Items like onions, tomatoes, fish, garri, etc

Who to sell:
Seek for competent hands to sell the food items. There're lots of people willing and seeking a biz startup fund of as little as N20,000.

Agreement:
Enter into a documented agreement with the sellers plus their two guarantors. The sellers stops working for you at the expiration date of either 3 or 6 months.

Business Model:
Give the cash equivalent or Buy the desired food item for the seller to sell for a period of six or three months depending on the sellers ability to make a daily payment of either N1000 or N2000 respectively.

Your Duties:
Sponsor the business
Monitor the business
Collect your revenue on daily or weekly basis.

Breakdown:
Total capital = N100,000
Remember compound profit.

Three sellers @ N30,000 each
(daily remittance of N1000 = 6months Or N2000 = 3months)

*1st month revenue = N90,000
Three more sellers @ N30,000 each.

*2nd month revenue = N180,000
Six more sellers @ N30,000 each

*3rd month revenue = N360,000
N100,000 (your profit)
N260,000 (reinvestment)
Eight more sellers @ N30,000 each

*4th month revenue = N500,000
N100,000 (your profit)
N400,000 (reinvestment)
Thirteen more sellers @ N30,000 each

*5th month revenue = N890,000
N100,000 (your profit)
N790,000 (reinvestment)
Twenty-six more sellers @ N30,000 each

*6th month revenue = N1,580,000
Note; the first three sellers haven fulfilled their part will cease to remit payment to you henceforth.
N100,000 (your profit)
N1,480,000 (reinvestment)
Fifty more sellers @ N30,000 each

*7th month revenue = N3,080,000
Note; six more sellers will stop their payment to you henceforth.
N300,000 (your profit)
N2,780,000 (reinvestment)

And it goes on and on in same progression

The sellers: these could be actual food commodity selling, grinding machine operating, Will barrow pushing etc any biz that can generate a daily income but under N30,000 to initiate.

Why l chose this biz model is not only for it's massive profit potential but, because of the possibility to empower lots of people within a short period.
Imagine with a startup capital of just N100,000 over one hundred people can be effectively empowered within a year

Should you choose to invest your monthly gross revenue into something else, you'll still continue to receive payment for the next few months.

I calculated for the N1000 daily remittance
Should you go for the three months agreement, you stand a chance of doubling the above figure.

Most people want to but lack the know how which is the goal getting formula.
With as little as N35,000 one can easily surpass a N2,000,000 monthly goal within a year.


"No one ever is defeated until defeat has been accepted as a reality.”

“There is a difference between wishing for a thing and being ready to receive it. You are never ready for a thing until you believe you can acquire it.”

“No more effort is required to aim high in life, to demand abundance and prosperity, than is required to accept misery and poverty.”

“Nothing is impossible to the person who backs desire with enduring faith.”

“All achievement, no matter what may be its nature or its purpose, must begin with an intense, burning desire for something definite.”

God bless.