Thanks so much. I really appreciate your advice and suggestion. Happy new year!
quote author=careerpluzz post=63766785]

I am a youngman of 32, an architect; I was doing pretty well in my profession and I blessed God for that but the economic situation of the country at the moment is really affecting me because jobs (projects) aren’t coming as it were. I have a loan assistance of 6milion Naira at 5% interest rate per annum for the span of 4 years to be paid annually. I want suggestion of the kind of business I can do with 6million naira that I will gain pretty good. Thanks. Please kindly notify me after posting.


Hello OP, your post made an impressive read.

On that score I am going to attempt an objective response to your inquiry. Whatever I post here is nothing more than a suggestion which is what you request for.

First of all, you are in a wonderful profession and I would first of opine that the apparent pall hanging above the real estate segment of the economy now is only there for a while as it will soon blow over. You must be thankful for this recent recession that has retooled your focus to the much talked about multiple streams of income possibilities.

As a direct response to your inquiry, I will state the following;

Please do not invest in any form of crypto currency, forex, online or lottery business unless of course you have a firm understanding of how it works. I do not as of yet have an understanding of the nature of the workings of those lines of business.
I would also like to advise that you be wary of models that promise you high yields. Any sustainable business especially those of the traditional garb will start out with minimal returns and will then build up to very significant returns on investment.

Fortunately your interest payment is very fair. I will advise that you project from a conservative pedestal which should ensure that at the end of 4 years that your loan amount of 6 Million Naira would have generated a minimum of 12 Million Naira in terms of profit; after paying off all the interest and of course returning the capital.

This may not appear very attractive but this is a sure bet with minimal risk and a consistent geometrical growth plan.

I will advise that you invest in a traditional business and learn from it as you grow in the business. I assume that being a professional in the building sector your understanding of trading will be quite limited. Your better bet therefore is to engage in large scale F.M.C.G sales which is more commonly known as distributorship. You can never go wrong here. Seek out a reliable company, negotiate to become a distributor in a specific territory, insist on exclusive territorial rights, haggle and get the best possible price regimen, get support (both strategic and promotional) from the company and launch out massively.

The beautiful thing about this model is that depending on the product, company policy and amount of investment, you just become a financial partner while the system is on auto run.

This is a fail proof model and is adoptable even by those who have zilch sales or trading experience. A great number of articles and threads exist here on Nairaland concerning the distributorship business. Research and find them as they may hold the key you so desperately need.

Good luck!
[/quote]

Thanks so much!

I am a youngman of 32, an architect; I was doing pretty well in my profession and I blessed God for that but the economic situation of the country at the moment is really affecting me because jobs (projects) aren’t coming as it were. I have a loan assistance of 6milion Naira at 5% interest rate per annum for the span of 4 years to be paid annually. I want suggestion of the kind of business I can do with 6million naira that I will gain pretty good. Thanks. Please kindly notify me after posting.

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