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Please Suggest A Business I Can Start With Five Hundred Thousand Naira - Business (6) - Nairaland

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What Business Can I Start With Eighty Thousand Naira Please! / POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira / Business I Can Start With 400k In Lagos (2) (3) (4)

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Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Obagoal4u(m): 8:46pm On May 18, 2021
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Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by NovusHomo(m): 8:47pm On May 18, 2021
LOVEGINO:
very correct. If dem finally legalise am, e go sure ooooooo

Not really. You see, value comes from scarcity. When it becomes legal, it will become cheap. That is because it will be common.

4 Likes

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by EduBrazil1991(m): 8:47pm On May 18, 2021
Invest that money into Chinmark group and watch your money grow like Grass.
100% trusted

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Ttooyy12345: 8:48pm On May 18, 2021
Try crypto trading. It is legitimate, risky and rewarding. people are cashing out big time. I was introduce to it january ending, i put in 500k and today my money has gone up to #1.44million.
This month i am averaging 20k a day
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by fijabs(m): 8:48pm On May 18, 2021
jmichael259:


Ojey1234 said most of it. But my observation is that barbing and betshop will not work for you. Most importantly, you need your wife's participating as the operator or caretaker of whatever hustle you choose to start because of your transport business. OVERALL, you will need to think outside of the city you live in.

You can fix your money on landed property.
Or take any advice of
Restaurant, drink supply, Phone gadgets, vehicle maintenance accessories, animal feeds, Poultry, fishery, sales and supply of nylon/polythene etc.

Don't buy another (vehicle) liability with the hope of getting a trustworthy operator. Don't go into forex or crypto if you didn't already know about it. Lemme stop here for now.
thank you sir, i really appreciate your advice.

2 Likes

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by ecomalchemist(m): 8:49pm On May 18, 2021
bless up


I'd be right back.


Overtime a lot of Nairalanders have been asking for business ideas and i thought to put this down after brainstorming for 20 minutes.

Remember that the goal is to make daily income / passive income #NOSALARYGANG.

As time goes on i'd be sharing other business ventures I'm into, you can start something from here and build it up. You don't need anything fancy, you are in a 3rd world country...always remember that.

So let's get to it.

Keep that money.....refer to number 5, then pay your tithe to me later


1. Pure water business
get a shop with 2 solid dressers, Go to the factory and buy @ the rate of N70. Resell at the rate of 120 - 150 per bag. Supply to schools, churches, individuals...if you sell 200 bags a day, do the math.

2. POS business, (operate in a busy area but close early, e get why). This can be successfully combined with number 1. Contact baxibox.com and surepaddy (providus bank), they will put you through and supply you with the necessary hardware you need for the business... If you are starting out, you necessarily do not need a shop per se...just talk to your local carpenter to construct a small kiosk in a busy environment.

3. Biscuit business (no matter how economy be, people go chop biscuit)

4. Condom business (supply hotels and guest house across the federation)..as religious as we are as a nation we fucc like no mans business, the population keeps SOARING...

5. Local arbitrage (enter eko, look for fast moving products.strike a deal with the seller that you want to be a dropshipper..invest in a good camera phone and apps like lightroom and snapseed, join facebook 'buy and sell groups' facebook has 22M nigerians, just fucking sell something.. create fb / ig / whatsapp business / twitter / nairaland and advertise like your life depends on it).if you want to make 100k daily you need to learn facebook and instagram marketing..LOW RISK

Go here to learn Facebook marketing > trafficmastery ng. Work smart, not hard !

3. Resturant / bar & bushmeat join...during my nysc there's this joint I usually visited to drink mmanya (palmwine) or whatever its called. I spend at least 1k drinking palmy and bushmeat.

4. Foodstuff business (buy from the north, sell in the west)

5. Small chops / akara / yam / potatoes...mama chinedu don build 2 houses, she's on the third one as we speak.

6. Mini importation, this is very tricky due to the forex rate and all the bottlenecks but i will teach you how you can pass this hurdle in my next posts.

7. importation of gadgets / Phone accessories / used items... WhatsApp me for the free guide..

8. Data vending business...goto https://mobilenig.com/?ref=97 get cheap dirt data, pay bills and airtime. This business can be combined with Number 1 & 2...all you need is a mobile phone and internet connection, ATM card (GTB..most preferrable for this jab). Use jBL speakers, just dey play latest gbedu dey go..people will come around to patronize you..
I made over 300k doing this, I still dey do am sha..lol

If you want to take it online...get a good graphics designer to design something like 'BUHARI DATA SERVICES' with data prices and services u render ...lmao..u get my drift sha...then come online and start bombing...facebook...instagram...twitter..nairaland...telegram...

9. Selling of used items on jiji, nairaland, facebook market place and Olist...that your neighbour has items he has not been using for sometime...use style and ask him....take clear pictures in a nice background and upload it, out your price...your phone would start beeping from phone calls

10. DROPSHIPPING (millionaire's paradise)

8 Likes

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Skyfly007: 8:52pm On May 18, 2021
onufidel:
Personally though. I'd advise you get Keke. In this area, Keke remits N20,000 weekly (hire purchase). You can get a used Keke for 300k and an Okada for 200k (brand new). Okada remits about 8k to 10k weekly. Just make sure you give it to a reasonable person to handle.
which area pls.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by ecomalchemist(m): 8:52pm On May 18, 2021
stay tuned


Good one brother, what you should work on is having other streams of income.

Money works with speed, once you understand that phenomenon, you can't go broke.


Naija hard, you need to go out there and make a living.


Let me give you a brotherly advice, and I hope you work on it...
First of all I counsel people and I have done that on nairaland for a while... I have met great and good guys...
I dropped a story about my experience teaching in two schools as a corper and would not mind partnering with schools in abuja, but some accused me of looking for teaching job... Never ever mind what people say...
Back to the matter...
As a graduate, teaching and earning 15k, e no bad... But once you have a good (android) phone, go to any car stand of your choice around your area... Listen well, any good car stand and ask to see the manager... Tell him you want to help him market his cars and get good buyers... 90% of car stand managers will sign u on... Tel him you will be paid a small commission after sales...
Pick up your phone, snap as many cars as your phone memory can take, open a dedicated twitter ac, IG ac, Facebook ac, WhatsApp ac, ac etc... Take out time to post this cars, make sure you have the actual prices of this cars... You can add as much as #250k on it... Bring down the negotiations to as low as making #50k if need be just so I can sell. Set your monthly target... I assure you, if you get I client in a month, u make around #100,000k once you start growing, you can get as much as 5-10 client from all over the country and that hits you over #1m for just helping others sell their cars, Note all you invested was your time, energy, phone and data... No big financial capital...
Do not restrict yourself to cars, go for industrial machines as well, caterpillars, mikano gens, any thing, then you look for those big companies that need them and try to call their attention to it or market it to them... You may not sell in 3 months but when you manage to get a client to buy just 1 caterpillars, my brother you will instantly forget that u suffered before...
A friend of mine was marketing a silo for a local wielder, he received a call all the way from kebbi state, the purchase was made in Ilorin, he made #1.8 mil from buyers and #400k from seller... He still got a referral from that deal. Wake up bro...
Within a month or two, come and pay (tite).
I drive uber/bolt in abuja, market cars, sell commodities such as beans, maize, wheat, ginger,onions, name it... In bags and tonnes
And I make nothing less than half a mil monthly...

14 Likes

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by SweetDipBenny(m): 8:53pm On May 18, 2021
Ice block business

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by BabaIbo: 8:55pm On May 18, 2021
Elock1:
you must not attack my opinion.
And for the cement he must not buy a full trailer

Do you know cement has much gain, ask questions.. They are ways of running it too without much money man


I understand everything you are saying.

Infact, I know the system well. I have been there.

I want you to consider something.

1. Will he be buying from direct source?
2.Has he been in the business to know the a-z of it?
3. With that amount, you can only buy from a distributor which in turn will affect the profit which all of you are looking at.
4. Cement profit is seasonal, most of you don't know this.
5. Sometimes if not most times cement profit is as low as 50-100 naira.
6. Are their major distributors around him, who will surely affect his sales?

And so on.

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by tayewinner(m): 8:56pm On May 18, 2021
If you can go into farming, here in Oyo you will see 1acre of land for as low as 100k depends on the location and if you invest in cassavas farming you will never regret it

2 Likes

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by RIVENDEL(m): 8:57pm On May 18, 2021
Come join me do palm oil business
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Drsnives(m): 8:58pm On May 18, 2021
Ladyoflight:
If you can buy okada.
Omoh my okada just dea give me money para para

1 Like 1 Share

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Patrickilogu(m): 8:59pm On May 18, 2021
It depends on your location.... let’s say you are in the north. Sell drinks e.g minerals, carbonated drinks, in wholesale, also get a fridge and be doing retail, but you will have to manage the business yourself. For every 100 crates u sell u are sure of making 15k.. just an advice sha
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Saibukkii1: 8:59pm On May 18, 2021
Productions of fingerlings fish... You can private chat for more details 07032275711
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by johndho(m): 9:00pm On May 18, 2021
You have a car already. So the best side hustle you can create and make good money are online businesses. All you need is to save a little money for promotion. And boom, you go blow. Car business and real estate na good business too. You just need to make your research, go to the location and then take a picture. Upload the pictures with good write up and start receiving plenty business calls.

The world is changing and technology is here to stay.

Think about it, though online marketing na serious work ooo. Your brain no go get rest until you sleep but it pays well if it don click

But with 5k, you can buy sub of 2k and start working immediately.

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by yahmohy27: 9:00pm On May 18, 2021
Ademola47:
Firstly, please stay away from pyramid/shady businesses like Forex, ponzi, Crypto etc

That said, do you have prior business acumen? How orientated are you when it comes to managing business?

If you a stable location, exercise book production won't be bad. With time, you'll get your own machines and start printing jotters, calanders, fliers etc

If you are the type that like academic, a primary school establishment won't be bad.

If your wife is not fully employed, or can resign, a joint restaurant will be the best option. You'll rent one shop (with like 120k) and use zinc to extend it forward. Then use like 70k to furnish it. Get 30k pots and utensils. Then get like 80k plastic chair and table. Also, try and get a TERMINAL shop so that you can cook and wash plates at the edge.

Better still, you can start importing bale of second hand clothes and sell it to retailer.

weldone sir
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Elock1: 9:02pm On May 18, 2021
BabaIbo:


I understand everything you are saying.

Infact, I know the system well. I have been there.

I want you to consider something.

1. Will he be buying from direct source?
2.Has he been in the business to know the a-z of it?
3. With that amount, you can only buy from a distributor which in turn will affect the profit which all of you are looking at.
4. Cement profit is seasonal, most of you don't know this.
5. Sometimes if not most times cement profit is as low as 50-100 naira.
6. Are their major distributors around him, who will surely affect his sales?

And so on.
well he can make findings for others
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by AyarmBoye(m): 9:02pm On May 18, 2021
Livingstone124:
Start up bet9ja shop and thank me later
good idea but it’s add to get account in Lagos state .... I wish I can get one
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Vaughanlanrewaj: 9:04pm On May 18, 2021
fijabs:
Good evening, please i want you guys to suggest a business I can start with five hundred thousand naira, presently I do e hailing business with my car but the income is no more enough after getting married, my wife is still in school and my baby has started creche, besides I thought about my old age, I can't continue driving for a living, please help your brother.
Get this book online from FreeStuffsNG.com for free and read https://freestuffsng.com/portfolio/1000-practical-business-ideas-fund-sources/

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Herdeynikeh95(f): 9:05pm On May 18, 2021
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Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by leunseyis(m): 9:08pm On May 18, 2021
POS business call me about it or send email
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Beface(m): 9:08pm On May 18, 2021
BabaIbo:
Start a food stuff business, that is the line yiu can start with such amount and be sure of steady sales.

Can you dm me, I have a very good idea to give you on that.

Trust me, it is a viable one and you already have an advantage in having a car.

Do that asap
What kind of business do you want to suggest to him that you cannot tell him in the open.

2 Likes

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Sicilyjoe: 9:10pm On May 18, 2021
emmanok24:
This is a very healthy business route.

I’m currently into the business and can give some quick quote that can be of valuable help.

Again, the business is a goldmine for the patient.


Am interested in the business, can u talk more about it
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Sicilyjoe: 9:12pm On May 18, 2021
annford:




Money-lending business. That business would make you a multimillionaire in no time.

How ? the one they will seize ur money with stories
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Icesnow(f): 9:13pm On May 18, 2021
emmanok24:
This is a very healthy business route.

I’m currently into the business and can give some quick quote that can be of valuable help.

Again, the business is a goldmine for the patient.

Can you elaborate more on this? or send me your email. Thanks
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by goodman3(m): 9:15pm On May 18, 2021
Fund a Forex account in your name, I will trade for you and we share the profits. Fair enough?

If you're interested, text me on WhatsApp. 08032299277.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Heybeedee(m): 9:16pm On May 18, 2021
Pls sir i advice you save your monies but not in Naira...get it converted to dollars...if you were digital enough i would hv suggested btc for you
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by AvalonSpace(m): 9:16pm On May 18, 2021
emmabest2000:
Cow business
make him go dey sleep inside bush abi?

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by ecomalchemist(m): 9:18pm On May 18, 2021
tafat:
You can start a gadget and phone accessories business. With the increase rate of production of phones, there's also rise in need for phone parts and accessories. A friend of mine misplaced his earpiece yesterday and by today I saw him with new Oraimo headpods, that's how much he can't do without music, this is just earpods, imagine the need for powerbanks, phone pouches, other phone parts etc.


Absolutely on point with this post, more wins.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by torera12345678: 9:19pm On May 18, 2021
Be selling charcoal, it's lucrative

1 Like

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