₦airaland Forum

brandsoncharlie:
All lies, inflation and taxes will not allow him to achieve that and Nigeria economy is very unstable.
You're not even sure, if he can find - lol.
People are even liking his comment.

some people will always be mediocre and will always struggle. there will always be poor peopl, mediocre people, successful peopl and people always complaing. What seperates them is their mindset. Where you end up in life is determined by your mindset. some people will always be poor even if they are handing out free money and some will always be rich and make more money no matter how difficult the economy is.

AllDModsAreMaad:
You are just foaming in the mouth.

See this idi#t telling me people like me never make it in business as if you can do half of what I half done with respect to business.

Aside my formal education and my own business.
I started managing my dad's business from young age, and yes I managed it well. I was the reason(marketing aspect) someone close to me is a major distributor for a top cement brand in my city.

To be honest, if not for Nairaland, I wont sit and discuss with an idi#t like you.

Which business have you ever managed in your life, have you ever started a new business and make it a known(established) business that is known all over the city that even gives distributors in the town concern to the point of sending their workers to come and do underground findings on your business?

I started my business about 3 years ago, my first stock was around #600,000 plus. As of today, my business is worth millions of naira.

I know what I did to get it where it is today, I won't mention it here because it is not part of the discussion.

My point is, how does the 3% monthly and 42% yearly profit you stated correlate with the over 300% profit in a year the first person claimed someone will get with 10 million naira?
How does it justify making 30 million naira profit from a capital of 10 million naira under a year?
Is 30 million naira 42% of 10 million naira?

Do you even know the point/genesis of the argument between me and the first person I quoted?

I don't blame you but myself, idi#t.

you are clearly an idiot. I said if your profit margin is 10% a month, you end up with 300m after 3 years but even if all you are making is as low as 3% a month you will end up with 42% p.a. I am the person you quoted, nowhere did i say 300% in a year, I said 300m after 3 years at 10% per month. you clearly cannot read and lacl the ability to understand.

you are also clearly a fantasist because if you truly were that successful in business i wouldn't need to explain these things to you.

again you dont have what it takes because success begins in the head...your head is mediocre!!! Sometimes you only need to engage someone for a few minutes to know they are clueless.

zanebaddo:
Someone like me who doesn't understand finance made a little analysis given the Nigerian context. However, I'm not ashamed to learn. I would appreciate if you could give an example of such investment with guaranteed 120% yearly interest in Nigeria since you had to school and understood finance.

I will be waiting.

To begin with NOTHING in life is guaranteed. There is no guarantee you will get a decent job even if you japa.

Like I said earlier, if you want to succeed in business and you are waiting for someone to tell you what to do you are not cut out for business. It means you don’t have an entrepreneurial spirit and lack the ability to think for yourself. A skill that is a basic requirement in business.

That said, look around you, the guy selling bottled water gets his bottled water from somewhere, the yams/ tomato in the market come from somewhere, the Dangote cement in the building material store comes from somewhere. These people have probably never seen the factory of the farms where these products were made and the farmers or manufacturers don’t even know about the people who are the final link in the chain in the process of getting these products from farm/factory to market, these products would have changed hands many times. Everybody along the chain making his own money.

If you take the case of yams/tomatoes for instance, there is someone in xyz local govt in the north as an example whose probably a local person and whose business is to buy from the local farmers and sell to a local bulk purchaser. This bulk purchaser has bulk customers in Lagos, port harcourt , Benin or Ibadan etc. who buy from him in bulk. These bulk customers in turn have distributors whose job is to sell these products to the retailers. Everybody along the chain is making money. You plug yourself along the chain according to your capital base and ability for risk etc etc.

The guy who buys 10m Naira worth of yams from from the bulk seller in the north already knows who will buy the products the minute they land in Lagos. He has made his profit no matter how small and proceeds to turn over his capital for the next trip.

There are thousands of products like that maybe all you make is 2% per trip as a bulk purchaser/ seller but if you can do 4 turnarounds in a month, that is 10% a month. There are thousands of fast moving products. After a while once you are established and you are known in the industry, you don’t even need to travel. You conduct business via phone, I need 4 trucks of XYZ, your boys go and collect by the time they have arrived you already have a buyer and your cash.

But if you are waiting for me or anyone to tell you exactly what product or business to get into, then you are not serious!!!

FMCG is one of the few areas you will see foreign investment in Nigeria….why? because 200m Nigerians must eat and consume the basics of life no matter how poor. The margins may small but there are margins and most importantly they are fast moving and that’s the whole point……quick turnover!!!!. You have N5000, you plug yourself at the street trader level, You have 10m? You plug yourself at the N10m level, whatever that may be! But everyone on the chain from manufacturer to street vendor is making money!!!

Kingpele:
I don't want to be reading this kind of nonsense here this year bikuno..I doubt if u have up to 500k ,a man can't work so hard to make 10million and is still confused about life goals,

Well said! Thank you jare!!!

AllDModsAreMaad:
LOL, for your mind now you know more than me?

Listen, if a product moves fast, it means the profit is minimal, get that clear...

And for your info, in business, you can't sell all your stock at once, e no possible. Even companies, industries, factories etc, sell in batches and so on.

So what are you saying?

If you restock weekly i.e for a business with good sales record, there will be stocks in your shop/store/warehouse as you get new ones.
Are you now saying, you are also calculating the 10% on it(goods that have not been sold) every week/month?

Your calculation is not realistic Mr man.

Like I said people like you never make it in business. If all you make is 3% and it moves fast you are still compounding. If every month all you make is 3% you are still making 42% per year!!

Many of the richest people in Nigeria never went to university but they understand business. With all your education you don’t!!!! You were clearly educated to be a slave to the system.

That’s the problem with western education in Nigeria it educates you not to think and to be dependent on the system. The system collapses and you collapse!!!

AllDModsAreMaad:
LOL, for your mind now you know more than me?

Listen, if a product moves fast, it means the profit is minimal, get that clear...

And for your info, in business, you can't sell all your stock at once, e no possible. Even companies, industries, factories etc, sell in batches and so on.

So what are you saying?

If you restock weekly i.e for a business with good sales record, there will be stocks in your shop/store/warehouse as you get new ones.
Are you now saying, you are also calculating the 10% on it(goods that have not been sold) every week/month?

Your calculation is not realistic Mr man.

Like I said people like you never make it in business. If all you make is 3% and it moves fast you are still compounding. If every month all you make is 3% you are still making 42% per year!!

Many of the richest people in Nigeria never went to university but they understand business. With all your education you don’t!!!! You were clearly educated to be a slave to the system.

bonnyhope:
You know it is easy to say go and start a business

But no one ever pointed out any business

Bankers/doctors who have moved out of this country with families spent over N20m to achieve that.

This young man have only N10m

O already gave you an example just to show there are tons of things you can do.

Do you want a manual on how to kiss a woman or how to aim your dick while urinating too? You want everything handed down to you. What the fork is wrong with you people??

Like I said if you have 10m and you can’t find a way to make money, your problem Is not Nigeria! The problem for most people is they don’t have capital.

You people want to be successful but dont want to engage your brains.

You even have the audacity to say only N10m!!!! People like you will not succeed even if they had N100m

Makes no difference to Tinubu, if anything it helps him. These are voters that were never going to vote for him and would have voted for Atiku.

oluwaseyi0:
You clearly do not understand business

Infact you understand nothing

See how you serially compound the interest like a ____

Make I no yab person for this new year
Even kidnapping business won't earn you this with same capital

How do you think all these legitimate Ibo business men start from rags to riches? The problem with you people is you wants things handed to you, you even want me to tell you what business to do, yet you don’t understand business!!!! If I turn my money over 50 times in a year (once a week) at 5% profit each time, I will make more than TEN times the profit of the man who sold his products once in a year and made 100% profit.


You don’t understand business!!!

The guy on the street selling bottled water makes 10% a day but he remains poor because he has no capital and has to spend his profits to eat. You have N10m. Go to the north or the east and buy agric products once a month you can sell in the SW, you will make 10%. Reinvest every month and in 36 months you have 300m. That’s just one example.

After a while you don’t even need to travel, you have your contacts, you are making money without even using your own money but you sit down there waiting for manna to fall from heaven. Nonsense

oluwaseyi0:
You clearly do not understand business

Infact you understand nothing

The problem is you don’t understand business. Business is about turnover and how quickly you can turnover. If you buy N100 worth of Tom Tom and sell it for 110 every day and reinvest your profit for 30 days at the end of the month you will have N1700.

AllDModsAreMaad:
You guys and dishing out unrealistic figures ehn...

Mention just one business that will give 10% profit in a month.

Had it been you said 50% to 100% of the capital as profit in a year, I will understand but 300% of 10 million naira as profit in a year.
Na kidnapping abi drug you dey do?

Cc: @oluwaseyi0

Below is 36 months of compounding at 10% per month. Find something that’s moves fast and you can sell within a month. So long as it moves fast even if your profit is 5%, you will end up with 18m in 1st year and 67m in yr 3

zanebaddo:
Bros nawa for una ooo 10 million naira to make 10% every month that's 12million a year, about 120% interest eh? What kind of investment in Nigeria guarantees one 120% interest a year eh?

All these coMments show how we go through the educational system and come out with very little understanding of finance. Ironically the Ibo trader who didn’t go to school understands this more than you do.

AllDModsAreMaad:
You guys and dishing out unrealistic figures ehn...

Mention just one business that will give 10% profit in a month.

Had it been you said 50% to 100% of the capital as profit in a year, I will understand but 300% of 10 million naira as profit in a year.
Na kidnapping abi drug you dey do?

It’s for you to find something that moves fast and can get you 10%. You don’t even have to make 10% and it doesn’t have to be over 1 month. The point was to show you the power of turnover and compounding.

Even the guy on the street that sells bottled water is making more than 10%, you claim to be educated, so find something.

oluwaseyi0:
Haba, small small with your calculations na

10 percent of 10 million to give 30 million in 12 month, and 300m in 36months

Are you calculating using exponential

You clearly do not understand compounding

Niwdog:
but plateau state supported Apc what has changed now cause last time I check the current govt in plateau is Apc

Of what relevance is what you posted to what I posted?

FelaSkye:
Is 10 million enough to leave Nigeria, people are saying it’s better to invest the money but the market is too risky. Is 10 million enough for Japa and which country can that get me into?

Thank you!

If you have 10m Naira you have no business leaving Nigeria. Edit: at least not for economic reasons. If you cannot find a business to turnaround and compound that capital, then your problem is not Nigeria but you.

If you can find a business that can generate 10% a month, in 12 months you will have 30m, in 2 years, N100m and in 3 years, N300m. You will never achieve that kind of success abroad.

Davepal:
This is scaring. But then and again, we don't know Obidients here.

In 2015, I supported GEJ, He lost.
In 2019, I supported ATIKU, He lost.
In 2023, I am Supporting TINUBU.

You don’t fool anyone, we are not stupid! The kind of people who supported GEJ in 2015 AND Atiku in 2019 can never support Tinubu. They are either Atiku supporters or Obidients. They are either hardcore PDP people or Ibos. Your vote was not missed in 2015 and 2019 by APC and they won’t miss your vote for Obi or Atiku in 2023 that you have split your base.

both are clearly irresponsible parents....in equal measure!!! i would not want to have a father or a mother like that or for my daughter to marry a child from that home.

Sunnyja:
The ones in bullion vans were stolen from where?

But we all know they are thieves. You are the ones claiming to be different. You can’t claim to be different and when we point out you aren’t, you then say but the others are thieves!

Address the issue, I said they all all from PDP the biggest treasury looters in Nigerian history!!!

Obi, Datti, Okupe,
Osuntokun….what do they all have in common?

They are all ex PDP members!! The biggest looters of the treasury since Abacha!! Keep deceiving yourselves that they represent a new Nigeria.

They are not in power and some of them are already embezzling campaign funds.

Have you had a look at LP party members? They look hungry and ready to steal.

Obi, Datti, Okupe,
Osuntokun….what do they all have in common?

They are all ex PDP members!! Keep deceiving yourselves that they represent a new Nigeria.

kanupapilo:
Who do you think is the best Nigerian musical artist talentwise?

I am not talking of commercial success the likes of Davido,Rema and Burnaboy have enjoyed. I am talking about raw and natural musical talent that hardly misses with the tracks they release.

My top 5 in order of talent and who create consistently good songs:

1) Fireboy DML
2) Wizkid
3) Reekado Banks
4) Idabanton
5)Omah Lay

Fela Kuti…..the beginning and the end!

This quack professor has come again. I though he said he is an intellectual, what happened to his intellect?

CoronaVirusRelo:
When you get to the top of the pyramid, it will dawn on you that, it was not really worth it.

That’s not the point though. We pray for old age but it gets lonely when all your contemporaries are dead.

bennybuhari:
They packaged the whole thing to favour Atiku

Same way Obidients have been packaging their online polls. The person wey go win no dey bother show poll.

The old adage is If you know you are ahead, you don’t need to make noise. People make noise about what they don’t have. Wealthy men and beautiful women don’t tell the world they are wealthy or beautiful. If you have to, it’s a sign you are not sure of yourself!!!

Who directed MD of fidelity bank to collect Dasuki money from Diezani?

Jokers! Obi is part of the establishment.


https://ynaija.com/efcc-set-arrest-peter-obi-115-million-fidelity-bank-election-scandal/

What has copying the west done for Africa?

nairalee:
What pains me the most is that if these trigger happy policemen see/hear the coming of Boko Haram they will run and hide inside bush. It's in presence of harmless civilians they start forming terminator

Ordinary small IPOB noisemakers, they run

Gerrard59:
While discussing with some buddies yesterday, we touched on the topic “moving back to Nigeria”. I argued that Nigeria is not safe. Sure, there are places that are pretty “safe”. However, my notion of safety is when other people elsewhere can go about their normal activities without fear. For instance, I don’t consider a place safe if one part of the area keeps suffering repeated attacks from Fulani herdsmen (like Southern Kaduna and Plateau). I don’t have to be the affected party, but others who go about their normal activities should feel safe doing them. The other guy countered that, with money, one could enjoy Nigeria. “Live in Maitama, run Lister generator and live quietly.” Also, you get to be in a place where almost everyone looks like you.

Upon hearing “…with money, one can enjoy Nigeria”, I asked him to list five things/ways one can enjoy Nigeria as long as the person has money. Surprisingly, he could not mention one thing/way. I thought it wise to throw it to the house, especially for those who are anti-Japa or those who have stayed abroad for a long time and currently reside in Nigeria.

As someone with money, what exactly does the person enjoy in Nigeria? What are the differences compared to his/her counterpart in say, Namibia or Canada/UK that also has money? How do you enjoy Nigeria provided the money is available?

P.S. I understand that the notion of “enjoyment” is largely subjective. Some enjoy going to parties, while others enjoy travelling around or even reading a book while in a park. But I believe there are some universal notions of enjoyment.

The main advantage of being in Nigeria has little to do with money and only those who have lived abroad can understand. It is the feeling of being home, being somebody, having an identity, being at peace. I know those who think Nigeria is hell cannot relate.

As far as money goes, your money goes a longer way in Nigeria than it will do for you as a Nigerian elsewhere. You don’t drive, cook, wash or need to do anything for yourself….even your bank manager comes to meet you anywhere you want. There are a lot of advantages but the biggest advantage is you can jet out when you want.

Ofcourse there are many disadvantages of Nigeria money or no money, it’s no doubt a shithole but it is a shithole that can work for you and having lived abroad for many yrs and with a passport that can take me to any country I want mostly without a visa, there is probably no better place to be as a rich man than Nigeria.

As a rich man in Nigeria, you are a law unto yourself. Yes that is exactly what makes Nigeria a shithole but that’s the reality. It’s probably the only country as a Nigerian you can get away with anything!!!
Plus the rich don’t pay taxes!!!!

This Ohaneze sef!!! Where they not the ones rallying (and still rallying) behind IPOB and Kanu?

@oracle009 and other mentally enslaved western larkeys

The problem with Nigerians is they don’t read. Their “education” ends when they leave the walls of their pro-west educational institutions.

For those who want to read:


http://african-research.com/research/pan-africanism/the-real-reasons-why-muammar-gaddafi-was-killed/

And for the Africa magic generation for whom reading requires panadol and find it easier to watch films: The same NATO you are supporting is the same NATO that invaded Libya and is responsible for the proliferation of AK47s amongst herdsmen terrorizing Nigeria today.


https://www.youtube.com/watch?v=2PuzshMWGcU


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


https://www.youtube.com/watch?v=YuFwX4-G-iM

oracle009:
I see Now I know you are a wanna be >:

Can you show yours? slowpoke