₦airaland Forum

Haymoskeyto:
Rest on brother.

You have done your part.



I need old Fiverr buyer account.

2011 to 2016

Send me a message through my signature.

Ymodulus:
b. The Form M Way:

I banked my first BULK millions earlier this year from this.

IDEA:

I don’t need to explain what Form M is. You can google it up….. Even though this was one of the best business I did this year, it was a one time thing… However the Returns on Investment was massive and one of the best.

We applied for Form M for purchase of some materials…. This was done by one of our contact in the bank after 11days ( if memory serves me right ), this Form M document was processed and funds were paid into the account of the company the purchase were to be made from. After which the company now withdraws the money from their Chinese account and had them handed over to us at a 10% commission fee.

Mathematical Explanation:

I couldn't think of a way to explain the form m idea better, than to give a mathematical explanation.

Question: If seun, lalasticlala succesfully applied and processed Form M of $100,000 for the purchase of Spare Parts in China. what will be their profit.

Take into considerations the following:
-. Applied Form M of $100,000
-. Rate as at then was N199 Per Dollar.
-. Settlement fee of N24: There is an extra addition of around N23.7naira lets approximate it to N24 as at then. This brings the exchange rate to N223 Per Dollar. This fee was used to appreciate any body who facilitate the processing of this Document swiftly and stress-free.
(Note* I do not bribe, i only appreciate hardwork ).
-. A 10% Settlement commission fee to Chinese account. The Chinese companies deduct this as their commision, since we do not buy goods literally from their company.

Answer

Final Cost of $1 = Official Dollar Rate + Settlement Fee = 199 + 24= N223.

Capital of $100,000= $100,000*223 = N22,300,000
Amount of Dollars available for sale after Chinese deducts commission = $100,000 *0.9 = $90,000
Selling Dollars to Importers @ 375 / $1 = 375*90,000 = 33,750,000
Profit Made = 33,750,000 - 22,300,000 = N11,450,000

**** INFORMATION HERE REDACTED*****

Difficulties encountered and how i solved this:

- When I arched the idea, I had in mind collecting the raw cash from the Nigerian government. But this was not the case. CBN only pays into the account of the company you are purchasing those goods from.

-Trust: Several Nairalanders, will agree with me that sending millions of dollars to a foreign land to complete stranger when the money is not yours can be scary. This now boils down to issue of trust. I have been importing items from companies in china over 2- 3 years. Its evident on several of my previous post on Nairaland here. So for me, getting a company to use their account and have them prepare an invoice for me was not difficult. In summary, Issues of trust was not a problem, I have trusted business clients, both Nigerians and chinese business men in china.


Funding:
Funds needed to run this is capital Intensive. However Raising the funds for several business I dive into has never really been a problem.


Remarks:
Sometime last year, Sanusi Made a statement about a few people with ability to forex making billions. And i went head to head with a nairalander on this, but refused to go into detail. This is just one.
https://www.nairaland.com/3309466/make-billions-via-forex-without/2#48793820


Span of Business: Just a one off deal


Disclaimer*
-All figures quoted here are assumed. None are actual representations of figures.

fromnigeria:
Ataya for our version of christianity.

That two churches can not settle their differences amicably within and between themselves is an indication of how badly we practise christianity here. Imagine Jesus taking the Pharisees to court of law.


May God help us to know what it means to be Christ-like.

cruzita:
the kind of things I would like to do when I finally make it big.nice one Yvonne ,God will replenish your pockets

budav4fem:
DIABETES
FIBROID (without operation)
HIV AND AIDS
CANCER
STROKE
LOW SPERM COUNT
HORMONAL IMBALANCE
WEIGHT CONTROL
EPILEPSY
MALARIA
BARENESS
visit us at universit road tanke ilorin behind ostrich bakery,UNOCLASSIC SUPERMARKET. or 07064664519 or 08066642666

boboLIL:
My nigga nyash naw na bore hole... God save us from police oh...

donwise1:
To put a contact form in a page like the about us page, you will need the html code for a contact form. To put it on a page,go to your blogger dashboard and click on pages
Click add new page
On the blank space to type things, look up and click on html
Now paste the html code for the contact form
Click publish.
Then go to your layout and under pages widget, click edit and you will see contact us as one of the listed pages. Tick it and save.
Reload your blog and you will see contact us as a page on the blog.
When clicked, the designed contact form with blogs will appear.
Happy blogging!

Click SEE HOW IT LOOKS ON MY BLOG

FunadoysKitchen:
I checked your site n the 'read more' link dint direct me to the full post. It jus reloaded the page. #i think you should look into that......n i accessed the site with UC browser on a samsung tab #if that'll be of any help

fleps:
Seems you are not using pictures on some of your posts. No matter what topic you're writing on, there should always be a picture to tell or say more. Besides, it increases engagement

I've got a template that I think you'll like. I'll send it to you with the preview later in the day. With good customization, you're good to go. And you may have to include some pages as well.