Wodu89:
So many pos centres scattered across different locations

mickoe0102:
what will it cost to set up one location

mickoe0102:
What business can be done with five million naira (5,000,000) that will start yielding return immediately after set-up. By this I mean one does not have to wait for some period before expecting return, e.g pig farming you have to keep spending for like 9months to a year before expecting any return

mickoe0102:
What business can be done with five million naira (5,000,000) that will start yielding return immediately after set-up. By this I mean one does not have to wait for some period before expecting return, e.g pig farming you have to keep spending for like 9months to a year before expecting any return

mickoe0102:
what will it cost to set up one location

Pennywise2:
simple, buy a business already making 200k per month minimum. Then reap onwards

mickoe0102:

Which business is already making that per month and why would the owner want to sell?

Tohsynetita1:
if I mean Farming, I mean crops, their are 1, 2, 3 month crops,

mickoe0102:

I am already into farming, looking for other line of business

mickoe0102:
What business can be done with five million naira (5,000,000) that will start yielding return immediately after set-up. By this I mean one does not have to wait for some period before expecting return, e.g pig farming you have to keep spending for like 9months to a year before expecting any return

Robertgreene1:
start selling rice...

Pennywise2:
simple, buy a business already making 200k per month minimum. Then reap onwards

mickoe0102:

By selling rice, do you mean smuggling?

Robertgreene1:
smuggling ke? Open shop anywhere dey sell quality stone free polished local rice na..l can help you establish the biz.. l've been into rice supply since 2019...

Robertgreene1:
smuggling ke? Open shop anywhere dey sell quality stone free polished local rice na..l can help you establish the biz.. l've been into rice supply since 2019...

gratefulheart:
The best business returns now is buy and selling and it must be something that every household need daily and be ready to manage it yourself or else...OYO

Oil dey your head.

It even gets better if you look in the direction where the high and mighty money-bags are not looking.

If you are outside Lagos but within the West and you have just 1 Million you could become an exclusive distributor in your town/City with an ROI of nothing less than 5 per cent weekly. But it will be very hard work initially. look well, be circumspect and tread carefully.

Wodu89:



FCMG is also fantastic. Foods. I repeat foods.

Ceasarceasar:




Will u sell in bags or modu?

mickoe0102:
What business can be done with five million naira (5,000,000) that will start yielding return immediately after set-up. By this I mean one does not have to wait for some period before expecting return, e.g pig farming you have to keep spending for like 9months to a year before expecting any return

Blueace247:
Go and sell alcoholic drinks...thank me later

Robertgreene1:
both

mickoe0102:

Where do you get your stock from?

mickoe0102:
What business can be done with five million naira (5,000,000) that will start yielding return immediately after set-up. By this I mean one does not have to wait for some period before expecting return, e.g pig farming you have to keep spending for like 9months to a year before expecting any return

Egelife:

If you were in the Eastern part of Nigeria, or have any trusted ally here, I would have advised you to go into storage of seasonal food stuffs, as food is very essential and regardless of the bad shape of Nigeria's economy, food is quite indispensable and must be bought. This is what I do and I am in Enugu state Nigeria. With that said you can make triple of that amount with less stress, supervision and risk depending on the amount of capital you are willing to trade with. You don't even have to worry about transportation or availability of buyers as buyers would always beg you to sell at these peak seasons.
These are few commodities which can be stored and sold at their peak season: Palm Oil, egusi, dried melon, Kolanut, bitter kola, cashew nuts, tomatoes (though I wouldn't advise a starter to venture into this due to its delicate and perishable nature) etc.
For instance, right now egusi are being stored and they are bagged in two sizes,the farmer's bag and small bag which are currently sold for #110,000 and #70,000 naira respectively. They are sold at peak season which should be in 3-5 months time between #150,000- #170,000 for the farmer's bag (taking a cue from this previous peak season).

Lets get practical-
1. If I am to buy 20 bags of farmers bag at #110,000 = #2.2M

2. I store in a warehouse right inside the market at #200 per bag for a month (some warehouses store for #100). Lets say I will store for 5 months (200 x 20 x 5) = #20,000

3. Lets say in 5 months time which is expected to be a peak season, I decide to sell at #160,000 with the help of a middle man in the market whose job is to inform me of the variables and disparities of prices at each point in time (160000 x 20) = #3.2M.
Buyers will have to head to the warehouse to transport the goods themselves after I must have informed the warehouse manager to release the goods to the buyers after payments must have been made.

Breakdown of cost:
Capital: #2.2M
Warehousing: #20,000
Logistics/phone calls/tips for warehouse manager and middle man: #50,000
(3.2M - 2.2M - 20k- 50k) = a total profit of #930,000.

4. I divert to another food stuff which can be easily sourced at this time and that will likey be the palm oil.