₦airaland Forum

Amigoss:
Who be all this wans

they are nairaland resident beggers

raumdeuter:
I knew him as a faculty colleague not close friend between 1998 and say 2001. He has always been socially awkward even when he was flooring all of us in the faculty and was runaway best student before he voluntarily dropped out when he got bored of competing average students and discovered the wonders of the internet

He was roomate with one of my friend in a hostel room of like 9. That was the closest I got to know him. He was a geek and born again. He was about the youngest too. The closest encounter with him was when I went to visit my friend in his room and room was congested so some of us sat on Seuns bed. He came to the room he obviously wanted to rest but he was so shy to tell anyone to stand up and he was parading around the room for hours.

The other time I saw him speak up and heard his voice was when he was arguing religion with another guy like him Lateef who was a tebliq.

For people like Seun the internet was a savior as he didn't have much social skills to make real world friends and lasting relationships. He will need someone who really understands him. That's why he had problems with many of the mods and most of them quit or were fired

He is the type of person who will be married to his tech job in NASA. Highly functional probably on the spectrum savant

with all this revelations,he will really need a very very understanding woman,cus it won't be easy for any woman to deal with such social behavior.

DissTroy:
It was hilarious reading from those having withdrawal symptoms for days on Facebook and Twitter.

Turns out those who belittle Nairaland's importance on Twitter and Facebook prior are actually its more ardent users, albeit in seeming anonymous mode.
---

Also interesting to read from young people who want Nairaland taken down forever to "teach Séun a lesson". What sort of cruelty would want one to see another young person's legacy fail so badly?

many people that visit this site daily are really addicted to it unknowingly including me.

nairaland is really addictive.

Ibime:
I actually know someone with same trajectory, started with laptops but ended with money exchange and crypto

However I don't believe in selling false dreams because it's very rare. In Nigeria we tend to hold up one guy, a 0.1% occurrence that hammered and the other 99% will rush in and get themselves wrecked chasing that one example, when they had other options with more certainty but less upside

A good example was in the late 2000s, one of our seniors (Keniebi Okoko) went back home and became a billionaire almost overnight thanks to his relationship with GEJ. Many other guys in my circle here in UK who had decent careers rushed home to chase the same goldrush but 80% of them returned with tails tucked, one even lost his house after falling behind on payments. Some carried on chasing the dream till date but are at disadvantage to where they would have been if they just stayed the course.

the whole stuff was taken out of content,the odds of someone with 20m traveling out and making it is higher but for many rubbishing 20m as if its nothing.till now 20m can do a whole lot to someone with dreams and discipline.

BlueRayDick:
The ones I met are normal guys who have normal jobs and also make money buying and selling gadgets on the phone section. I met one in Ajah sometimes around 2017, he drives an EOD.

I met one in 2019, he drives one small SUV. He is an engineer who works a normal job and also imports phones from China and other countries. I think he gone fully into importation of different goods from China.

These guys do not look like potential Chief Ebuka in the next 5 years sef.

I don't doubt the fact that Chief Ebuka may have grown a company that started with hundreds of thousands to a million-venture business, but the figures, line of business, inflation and exchange rate are not adding up in this particular story.

no call am company sef,na the same brick and mortar shop,but with a few branches.most of this shops moves more volume than the popular names u know.

Ibime:
Let's look at it this way

If you wholesale 8,000 laptops at N50k profit a piece, that's your N400m

So the question should be, is it possible for someone to get a plug that would allow them wholesale that over 8 years - average of 1,000 laptops a year? With of course most of the sales weighted toward the later years

I no dey doubt anything again however unrealistic it may be.

My reasoning was that money exchange/crypto would have to be involved in such exponential growth, but few Igbo boys have still done it outside those areas from nothing.

when one keeps their mind open,they will learn more.many are making money.my best friend has flipped 4k dollaes to 38k dollars this year in crypto even before the bull run.he bought some gems of a coin and to him those coins has not even started.but if ur not in the crypto space you won't believe him.many are making legit money and they will never tell you how they do it.who sells his secret.

BlueRayDick:
I also know those who sell gadgets on nairaland phone section/technology market; I've even met 3 of them in the past. Honestly they don't look anything like people who have flipped N500k to N100m sef.

The more anecdotal evidence u bring up, the more the story keeps sounding unbelievable.

if u know the big guns very well,one day ask them how they started.

raumdeuter:
Chairman you sef go know say something about this story sounds like church testimony which in most times made up

All those Na God oh just do am, most times are hiding the real business they are doing

bro like i Said if not for privacy,i for call the person real name,their are people u know 100 percent..theflint is the only one that understands this because he has done the business too.this are normal things that happen.

raumdeuter:
I'll like if they share their numbers and let's reason it together

We have over 50 to 100 guys reading this thread Has anyone done a successful business to share his model and the numbers

One guy did, one guy did. Chairman no be everyone go tell you wetin dem dey really do

Do you also believe Shina Peller just does night club business? Or emoney just dey do clearing and forwarding or Obi Cubana just dey do hotels or Tacha just dey sell cream for IG

many won't and would never say it.if i had known sef i won't have started that discussion.people making serious money will not come out and tell u how they do it,except their is something they want to get from you.

Theflint1:
Phone/Laptop business are plug-based businesses, if you have a plug or access to plugs that you can control (these bastards never stay loyal for too long sha, but some can stay loyal for as long as a year ), that's your monopoly right there.

if not for anominnity,i suppose text you..in all these na just to get better 2-5 plugs and always deliver and your made

nihilistjnr:
With 200k?

That's the price of a single laptop.

You're talking about deals of 300 laptops a month.

You're saying your boy sold one laptop and became the Tony Montana of computer Village.

in 2015,you can get very good laptops at 50k each,thats 4 laptops for 200k,and you grew from there.when u get a bit big,u can now do many numbers and due to good name built over the years,people trust and do business with u without even seeing the laptops.you can even use their money to buy the laptops and take your profit.

nihilistjnr:
Bro, we know there's a lot of drug money in computer village and oshodi. Niggas using electronics consignment to move dope from Guangzhou etc. My Dad opened a construction supplies store in 2017 and shut it down in 2018 because dopeboys from China were flooding tbe market with massively undercut prices on tiling, roof shingles etc.

You're not turning 200k to 400m in 8 years in the laptop business that has ridiculous amounts of competition in CV. Let's stop the cap.

If you said a service-based business, or a tech startup that was bought out, I would agree.

Even Jay-Z's famous 92 bricks did not generate such phenomenal revenue.

this is not blood money,if not for respecting people's privacy,many guys on this nairaland has done more than that and they are normal people.when we say nairaland has helped us,this is what we mean.and as theflint said their is alot of risk taking.its not all rosy.

Theflint1:
What is he renting shop for when he can sell most of the laptops even before arrival, and the rest he keeps in a small part of his 2-bedroom flat?
Utilities are his browsing data, less than some guys spend streaming 1hr of porn on a daily
Transportation/Shipping already factored in purchase cost and profit per laptop anywhere from between 30-120%.

Before business spoilt, 100% straight profit was pretty common. I'm talking too much already.

Doing phones is slightly easier as they're faster moving, and require less space to store them.

The above is for a business I know, and I'm sure the scenario would play out for a lot other businesses, differently...as long as they have the competitive advantage.

Shipping is on the average 10 days...burn the midnight candle shopping for deals and he does at least 30 rounds of business across a year and in 8 years, 240 rounds.

you my friend,practically knows how it goes. lets leave the back and forth,many in other businesses are making way more that most people can imagine.

raumdeuter:
With 200k did this include cost of renting shop, paying utilities, transportation, staff cost and buying the laptops.

What will be the cost price per laptop around 2015

i think the best is not to labour the point.when u start such business with little,u don't start with shop immediately,your good name and referrals is how u sell.he got a shop in 2018 and thats when the business started its massive growth,this arguments amaze me,because their are many that has done way more than him that i know.maybe we all see the world and Nigeria specifically with different eyes.

DissTroy:
#2 million to #50 million is 6 years is plausible and I believe him. That's 2500% increase.

Now compare that with #200 thousand to #400 million in 8 years which is 200,000% increase.

Nobody here is in Kindergarten.

There's a reason the Chide guy is being evasive with how his acquaintance made the assumed money.

oga all u do is just to argue,know what u know and leave what u don't know. never believe u know it all.go out on the streets and asking successful business how it all happened.

Theflint1:
I want to imagine it's them not understanding the context of the discussion sha, cause it seems obvious enough what's being referred to.

the content of the discussion just changed.was trying to highlight that most travel not only because of money but peace of mind and other personal reasons.

BlueRayDick:
I am interested in knowing the business that person invested N200k in 2015 that has now grown to N400m.

gadget sales...laptops specifically.

Theflint1:
I know Chief Ebuka well, those wey know know and I really wish it was hidden cause there's a plethora of examples from other types of businesses, just take a walk down your street FFS

.thank you,it is him am talking about...their are many many who has done way higher than him.how come people don't see this.

Theflint1:
By your logic, any and every business that starts with 200K at startup at 20% year on year should have a maximum growth of no more than 860K by the 8th year

This thing is arithmetic sha, and you don't have to check Y Combinator to see examples, simply ask Mama Nkechi who grew her single hot rice and beans stand to 4 extra stands in your community, and with 8 staffs to help with serving after 4 years what her year on year profit was.

when business men talk it is easier to know.they believed everything is theory.i have seen people do more than that.in Nigeria,their are so many legal and illegal money,one with the right information can make without even making it to the news.

Theflint1:
People can turn their lives dramatically around over a pretty short period. I know some persons who forrayed into the gadgets business with zero capital, stand as middle man, collect small choppings here and there and build capital slowly...some of them have crossed 9 figures in assets, and all of this in a space of 6-7 years, within same Buhari economy.

The above scenario won't be the same for the overwhelming majority of Nigerian businessmen, and even for the guys in the above scenario, things are starting to take a nose-dive with FX rates but that doesn't mean those numbers weren't done and aren't still possible. It's generally easier to scale a business from zero to 10 million than it is to scale from 10 million to 20 million (the more capital you build, the harder it becomes to beat the market significantly, it's why guys like Buffet are seen as geniuses)...don't use growth metrics of already established businesses to judge small businesses.

you got it completely....all this are not hearsay...the gadgets business with the right timing and information...many will make it

DissTroy:
#200K in 2015 to #400 million in 2023. Just 8 years.

That's 2000 times increase or 200,000% rise. It's a lie.

Even PayStack which was the fastest-growing startup in Nigeria and got sold at $200 million had a 200 times yield or 20,000% rise from its initial $1 million seed-raise.

Flutterwave had a similar trajectory, and both are unicorns. None did that multiple increase.

200,000% rise under the Buhari administration in 8 years? Come on!

don't speak with such certainty.just know what you know and leave what you don't know.many has hacked the art of making money in their field, and they protect the secret with all they have.

OasisX:

if ur into business,you won't doubt this....if not for safety, i would have disclosed who the person is.it was all legal buying and selling.when u do business and with many things in life,luck and timing is your greatest friend.

GloriousGbola:
It honestly sounds like some weird fever dream motivational bs.

If he said someone had a pure water factory that sold x bags per day. Or a water treatment facility taht sold water by the truck load. But we have a story where someone allegedly makes millions from selling water to abokis.

Then another bizarre story of someone making millions from phone charging.

their are many stories like that....i have someone very close to me,he started in 2015 with 200k,now his business is worth 400m....and their are countless examples,and this dudes are not even in lagos or abuja.....i beleive japa is never really about the money for most middle and upper class.its all about peace of mind.

Itsrm:
Business in Nigeria is certainly not easy. I'm no longer even seeing the point for now especially for those of us outside Lagos. It's not easy. Most people I know here who really succeed in business get contracts from government officials and their cronies.

you just have to master ur business....businesses makes more profit now,especially if have mastered the art of doing business.

Emaprince:
If you read Isreal post, you will know that guy is genuinely pained.

He honestly spent a lot and used his influence and connection to shoot his wife to the top. He really did well for her. Little did he know what a woman can do. The subsequent woman is whom I pity...cos the guy is not expending his energy or resources turning any woman's life around again.

eventhough he made a mistake.i really feel for him, he never expected that that lady can do that to him.

when a woman wants to leave......she can lay claim to any excuses.

Theflint1:
The roads in Agbor alone are better than the quality of roads in Benin, but yea, Delta is the worst of the South South states.

I'd understand an argument in the lines of compared to what they're getting, they should be doing a lot better, but to say Delta is in a worse condition than states like Edo and Bayelsa na lie.

they are performing below par,thats agreed.apart from rivers and akwa ibom,none others comes close to delta

the guy is you......it is always a hard decision to make.many times its not really about the money,but the peace of mind that comes with it.

iamoyindamola:
https://www.nairaland.com/7903241/kano-hisbah-marry-off-tiktoker

It's official these northerns are MAD
Are we in the 60s or what
These people are becoming something else

did u really read the news.....or you just want to bash them.

Ebukacute:
Thanks to you all.. I have lost close friends ,relatives too including my room mate just a month ago. These ones didn't pain me that much like this one.

untill one losses a father,mother or siblings thats when death really stings....and the pains never goes away.be strong man.

Persephone1:
Mine is :

Mouth odour

Invisible bulge, I hate dots

Excessive display of material things.

Lack of respect and finesse.

Talking too much


I will add more later.

sent you a dm,its business