₦airaland Forum

The only lala I know is lalasticlala, any other lala is a counterfeit

I dey give my sef brain joor

Biritiko:
You can always open the Stanbic IBTC money market fund anytime any day. Just go to their branch and they’ll help you.
You can also do treasury bill anytime , go to your bank and ask them about it. They’ll tell you.
Federal government savings bond subscription period is every first week of the month, You can follow that thread for update. you’ll need to open a stockbrocking account with a stockbroker for that. I use Stanbic IBTC stockbrokers . But there are a ton of other stock rockers too.

Thanks

Biritiko:
I understand you bro.
The only way you can lose your money in treasury bills or FGN bonds is if Nigeria cease to exist
Do a little research too.
I have more than 80% of all my savings in Federal government of Nigeria savings bond.
The rest in stanbic IBTC Money market fund .
I would have put all my money in bonds , but they’re not as liquid as the MMF . So I just had to put some in there cos there might be an emergency need of money, who knows .
Na only the money I go use chop dy my bank account

Smiles, bro na so o... Thanks, is there any opening at the moment?

Biritiko:
Check these threads to ask all your questions and thank me later.
FGN savings bond https://www.nairaland.com/3658395/fgn-savings-bond
Mutual funds https://www.nairaland.com/1912965/mutual-funds
Treasury bills https://www.nairaland.com/878880/treasury-bills-nigeria#10264445

Thank you, bro hope the risk involve in this kind of investment is not the one that when you invest money in it everything will just go into thing air...
P.S- I know risk is part of life but bro I faced a lot to raise what I have now, that is why I'm extra careful in going into any biz

Op, I learnt the hard way too tho mine was spending unnecessarily on job search...
After NYSC, I spend almost all the money I made(roughly 200k) from NYSC on job search which never yielded the desired result. Yes, you heard that right.



Later, I took up a teaching job and set my targets straight ... in a year I was able to make extraordinary savings from the little salary that I'm earning. You just have to be a hustler bro, take every good opportunity that comes your way.
Check this link for my story...
https://www.nairaland.com/5439138/which-viable-business-start-n150k

It's not about running from women, it's about your decision(determination).
Try to block every channel of unnecessary spending, having a good night understanding gf is an added advantage.
Don't do something that you will regret over later, don't borrow money you know you keep thinking about if it turns to a bad debt, be wise bro

Biritiko:
Consider Federal government bonds and savings bond .
Treasury bills
Mutual funds . ETC

How can I get them please

Nettoyage:
Where do you stay? I can give you a kiosk for free ( has 9 months rent already paid) where you can carry out agency banking transaction..I will put you through for free....if interested WhatsApp 08100524711

Thank you...

I stay in Lagos. Please is it in Lagos?
If yes, which part?

Alright...

Timsilver:
I just sent you a message on WhatsApp.

Correct, you're right...

heryoub22:
try check your pictures. Usually it screen shot most people use for that page.

bamasite:

https://www.youtube.com/watch?v=ydVMpgnJ1Xo

Thank you

kunleweb:
We look forward to seeing your lengthy post about your decision later in the week. Thanks for the initiative behind this thread.

Alright, thank you

kunleweb:
I don't have access to the email linked with this account. In the meantime from all the ideas you've gathered here could you take time to spell out if you've found concrete ideas and interesting conclusions you've arrived at from all the comments posted on your thread.

Yeah sure I have gotten/learnt vital and important things from this post

kunleweb:
Learn how to drive three months you're done. After school you can drive and make money as well as maintaining your teaching job

Start a day care centre or after school lesson I recommend after school lesson with focus on maths and English with a target of 100-200Naira daily per student. Then try to grow your student base to 25 students. 25students x 100 Naira daily is 2500 Daily x 20 days per months equals 50,000 Per month. If alternatively you collect 25Naira per month that's 25,000 Naira per month

Thanks bro

Oktane:
a. It must be a high in demand produc that is used/consumed by the greater percentage of the population.

b. Make sure that the product is also what children and women buy.

c. It must be a product that is consumed one-off thus necessitating repeat purchases.

d. It must be a product that the shelf-life is not too long and also not too short.

e. It must be a product that must be easy to convey around for distribution since you do not have a car YET

f. It must also be a product that you can start the sales with 1/3 of your savings. I will explain this further subsequently.

g. The product must also have the capacity to earn you at least 10 percent profit on every cycle of investment. In other words your 50,000.00 investment must give you at least 5,000 per week and nothing less.

Thank you

Oktane:
I will therefore on the strength of this recommend that you for now retain your job and start a Part time trading business. And why part time you may wish to ask…..This is a very important question. I am suggesting part time for two major reasons;

1. I do not suggest that you leave the job from where you saved your initial capital. I would rather suggest that you consider that whatever business model that will allow you some time to run around to augment your 30k income. Grow the business side by side gradually but steadily.

When the business can earn a monthly profit that is equivalent to your monthly salary you may then commence the disengagement process. Commencing here does not mean immediate resignation. It may just mean increasing your working capital and expanding your reach and of course rejigging your strategy. This should lead you to doubling your profits within 6 months thus setting the tone for resignation into full time business.

2. As simplistic as it may sound, I will advise that you invest in trading. In our current economic reality, the most profitable investment that comes with guaranteed returns is trading especially if you take the time to identify a product that will appeal to the masses.

Several products exist in the FMCG spectrum. If you can start out and stick with packaged edibles within the 50,00 – 100.00 band then you might as well be on the right path. More specifically, I am recommending that you start with a product that is in very high demand for which no one else is distributing in your neighbourhood. The idea is for you to distribute these products either early in the morning before resuming in school or after school hours.

Whatever product you choose must have the following attributes;

Good

Oktane:
h. Finally and this is very laughable but also tested and proven; the product of choice must be something that the Aboki/Mallam Kiosks sell.

Many people have no idea whatsoever of how much opportunity exists in servicing the neigbourhood Aboki kiosks.

Suffice to state here that supplying goods to Aboki is an entire enterprise by itself. If you can grow the number of Aboki clientele to 100 and you service them with goods worth just N1000 per week (and this is a gross underrepresentation) and all you glean from each one is 100.00 that would amount to 10k weekly, 40k monthly and 500k annually.

I have introduced a nairalander to this model and it is working for him like magic. A typical case of hidden treasure.

Very nice

kunleweb:
Let's have a private chat. After we talk you'll find answers. You have my word

I have sent you a dm

Oktane:
I hope this helps. Good luck!

WoW, thank you so much...

I really appreciate, this is very insightful

Oktane:
This may be quite long but if you can read through it you may just benefit from it one way or the other.

Dear OP (and other interested readers who may be in the same circumstances with the OP) I make the following suggestions.

OP please do not even try a business model that you do not understand. This is the first prong of my advice. In coming to seek advice here, I assume that you have not yet zeroed in in what you really should do. Do not blame yourself too much as it is not entirely your fault. Teaching (and indeed other salary paying opportunities) always does that to people. It has a way of sapping you completely of your ingenuity and also instilling significant fear in you but do not worry.

A lot of people will advise you to follow your passion and upgrade this passion into something viable and profitable. I personally do not think that passion is enough. Yes, passion will ignite your enthusiasm but please understand that it cannot go beyond certain borders. In order to excel in any business you embark on, ensure that you know as much as possible about your preferred business.

Thanks so much

kunleweb:
Can I have your undivided attention? It will benefit you if I can have this

Yeah bro, go on

Oktane:
I am impressed by your simplicity.

You have also displayed uncommon patience and tenacity.

May you not lose this money in your quest for business.

I am going to attempt a very sincere response to this request for information.

It will be a three part post.

Pls study it carefully and should it meet your expectations feel free to embark on that mission with the same attributes you exhibited when you started and grew your teaching career.

Thank you bro.
I'm following for your reply for the response...

genaro2000:
Funny enough it was through your trend I got the link to this trrnd

Smiles, that's nice

gideon286:
Oh you came finally and stayed glue to the thread. I bet you've learnt alot ...

Call my line; I'll send you my WhatsApp digits.

I am talking to you already bro

gideon286:
You can call me on this: 0-8-1-0-2-6-3-0-3-7-6

Wow!

I can't believe I read all these 32 pages in a day...

Hi bro, I was the guy who posted a topic seeking for advice or suggestions on which business I should start...

Is this your whatsapp number?

sadguru:
Be careful with all these DM me guys. So your money doesn't disappear

Yeah, thank you...

Smiles, dem no dey tell person...

WestAfrican:
Hi friends,
Sorry I haven't been able to reply youse as a result of been busy.

I just want to set some expectations here. This is what I wanted to discuss with the OP. I was going to see if he would be interested in some of the items I will be sending back to 9ja. They are random items ranging from cars, electronics, house hold items, bric-à-brac. I wanted to see if he would be interested in buying at a reasonable price and reselling to make his profit.

Secondly, if he wasn't interested in that and has an idea on what he feel will sell over in 9ja, I can help him buy them here if he's happy with the price etc.

Lastly, I may be able to suggest a few petty trade he can start up with.

There is nothing exceptional I was going to do except for the aforementioned. If that sound like what you would like to do, I will set up a Facebook page, upload images of some of the items that hasn't been boxed up for youse to see.

In the meanwhile, if you have any idea of something you do like to share, do not hesitate to DM me.

Sorry for the typos, I thought i do write up something here for now.

Alright, I sent you a dm

jagaban002:
I can’t talk what I don’t know but with 150k and a good importer you can start tokunbo tyre busness any where as long as garage is not far from you , just learn about it for like 2 month and I can guarantee you in less than 6month you will quit the teaching job . If you stay around ajah you can contact me I will teach you the most important thing you need to know about tyres

Bro I stay around that side. You can reach me on my WhatsApp number

Eazyme:
Pls bro, I am so interested in the teaching job in case you know of any vacancy.

Thank you.

Alright sis

Torg77:
What's the viable business you were thinking of doing ? The one u said u can't raise capital for right now

Thank you. My planned business is to go into cosmetics, and do business for few years and then move up with my career, i.e dive into producing cosmetics(creams, perfumes, soaps etc), paints and candle later, because by then I would have raised minimum capital needed to set up a small or medium scale manufacturing or producing factory or company...

From the above, the cost of setting up a business premise (i.e a shop or store) will be almost or more than what I have at hand, and in business, when someone is entering a business newly (even if I want to start little) I will need to buy in cash for the first few transactions before my supplier can start giving me credits...

NonFarmPayrol:
drop your number will add you to the group for CFD trading
recommended capital is 500usd Plus

training is free and members will trade under supervision, i can only take 10 students fro now

make sure you have an ID

cc teejegs ajsans jagaban002 passionpolitics babaibo collinsonsky

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