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Please Suggest A Business I Can Start With Five Hundred Thousand Naira - Business (9) - Nairaland

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Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by ELKHALIFAISIS(m): 12:47am On May 19, 2021
heartbraker:
farming if ur place is save from herdsmen. U can x10 of dat money in 3months if u knw wat u are doing.
how
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by mikendie(m): 12:48am On May 19, 2021
Animal or crop farming?
ghighies:
Agriculture is the new oil money, find a sincere mentor just like I did.

Patiently learn the business, and trust me after a while you'd be glad you're a Nigerian leaving in Nigeria, without the thought of going for greener pastures in a foreign land as gateman etc.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Hindex: 1:02am On May 19, 2021
annford:


Lol. Nope. You'd have to have requirements that people who need a loan from you must meet. I am a loan shack myself and I could put you through if you need my help. Loan business is like oil business. People would always need money

So, how can I get a loan. I need one
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Hindex: 1:06am On May 19, 2021
Sicilyjoe:


Am interested in the business, currently about 2 people I lend money refuse to pay back , even the interest too since last year

I need your attention if you're a money lender.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by OlawaleBammie: 1:20am On May 19, 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.

pls tip me sir, i also want to start
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by CanisMajor707: 1:52am On May 19, 2021
RedChiefPriest:
Supplying ammunitions to Unknown GunMen
Big cash out and Big returns
People are funny in this street
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by PhillyA: 3:23am On May 19, 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 give a detailed business plan? I'm willing to pay for it.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by PhillyA: 3:27am On May 19, 2021
DAVIDMOE:
Start poultry farming. You can combine it with the driving work for now.
You should start small with 50 birds (broiler).
Learn the ropes and expand as you get more experienced.

Raising broilers can give you 45% profit in two months.
But you need a mentor so you don't make dreadful mistakes.

There's a guy in this nairaland that can guide you.

Poultry isn't something people can dabble into without proper training. One misstep can wipe out all your birds without warning.

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Cashalhaji: 3:40am On May 19, 2021
*Animal& or perishable crop farming
*Telecom buz, pos, phone accessories etc.
*Investing more on transportation ( keke, bike or another car)
Real estate .. be buying land and keep.
* Empower ur wife even as a student.

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Sicilyjoe: 4:12am On May 19, 2021
Hindex:


I need your attention if you're a money lender.

It depends and ur location
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by stanley000: 4:21am On May 19, 2021
NovusHomo:


Not really. You see, value comes from scarcity. When it becomes legal, it will become cheap. That is it will be common.
u got it wrong, cigarettes were cheaper until they became legal. I believe u know why that was .
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by tayolak(m): 4:36am On May 19, 2021
[quote author=frozen70 post=101826489]

Do you sell this product or you know more about poultry
am into it, u can contact me on tayolak@gmail.com on it
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by feelings1: 5:45am On May 19, 2021
cletz991:
Oga go into drinks supplying .na blood money.do you know you can make 8h to 1k per carton on alcohol of beverages

Which kind of alcohol exactly?
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Surgoroctor(m): 5:54am On May 19, 2021
Start selling okirika
And
POS

God will bless you ooooooo
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by abbeyfel: 6:11am On May 19, 2021
Enifloxy:


Very difficult to do buisness with 500k in Nigeria now. I would advice you learn something. Don't look at your age or your state of been married, learn something. You can try to be more versatile with the use of your computer, graphics, programming, software development etc. Auto diagnostic is there learn.

Aim is instead of looking for a buisness to do, which is almost impossible, invest in yourself.
Best thing I read here...
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by DAVIDMOE(m): 6:30am On May 19, 2021
PhillyA:


Poultry isn't something people can dabble into without proper training. One misstep can wipe out all your birds without warning.
And that's why I said he needs a mentor.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Ak2fyn(m): 6:30am On May 19, 2021
POS business is the latest
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Swagbuzor1: 6:46am On May 19, 2021
heartbraker:
farming if ur place is save from herdsmen. U can x10 of dat money in 3months if u knw wat u are doing.
how
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by bson52: 6:56am On May 19, 2021
tayolak:
Go into selling of animal feeds like fish nd chicken feeds

How can this work ols
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by eluquenson(m): 7:00am On May 19, 2021
ecomalchemist:


OVERLY SATURATED
That's your opinion, I hope to get more bikes soonest. The beauty of the job is more people are selling online, so many mistakes people do when venturing into a business.
Lack of feasibility studies, a major impediment to any business.

Too many customers demanding our service, it boils down to how to source for clients.

I think I won't write further on this.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Blankstare(m): 7:07am On May 19, 2021
ezenwajosh:
Run to RWANDA and save your sweat


What bussinesses are there to do in Rwanda?
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by cletz991(m): 7:08am On May 19, 2021
Not really he should focus on retail and interior town.thats the niche.the customer sef go thank you for coming into those areas to give them drinks
Kzinne:
he needs a truck to do that
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Mekoss(m): 7:09am On May 19, 2021
Easyincome24:
Someone asked here on Nairaland about a business he could invest around #700k on.

Here is the thread :[url] https://www.nairaland.com/6217467/total-700k-invest-into-business [/url]

As one of the contributors on that thread, I explained how I started my frozen food business.

Here is the analysis should you be interested too.


In my opinion, if you have not tried a business before, you may need to test your feet in a low risk business before drowning the whole cash.

While starting off in 2017, I ventured into FROZEN FOODS.

Here is the breakdown:

1. UK used deep freezer with follow come compressor double door(cos I have knowledge of refrigeration, so I got it at Lawanson, Ijesha Road Lagos) @#105k
2. Transport to my shop @5k
3. Shop rent with all comission paid @ 150k
4. Frozen scale @3k
5. Cutlass and handglove @2k
6.Cutting stool and other furniture @8k
7. Stationery for book keeping etc.@1k
8. Carton of Kote fish @6.5k
9. Half carton of Titus fish @8k
10.Half carton of Sawa fish @5k
11.Carton of 3-5 hake fish @7k
12. Full carton of Turkey @14k
13. Full carton of Chicken laps @11k
14 Full carton of chicken wings @13k
15. Logistics @1k
16. Gen set (I have regular power in my area but in case)@ 75k
17. Shop renovations including wiring, painting etc. #20k

Total:#434,500
Though as things are now costly at present, budget #500,000

Reach me if you are interested for other information regarding this.

I will also add the second business this first one gave birth to here...

Note this important info
When I began in 2017, I didn't know a jack about the business. Fear of failure crowded my mind but I learnt from a church member doing the business(fulcrum of succeeding is to be mentored).

I also ask around from other sellers how they fix their prices, get their supplies etc (secret of succeeding part2)

Today, I have my 9-5 job yet have someone there who manage it (you can't be cheated in what you know too). I balance my account daily after returning from work (book keeping is a way to track your success).

Throughout the lockdown till this moment, people never stopped buying even when I'm at home, they keep calling, I do online delivery too for them. They make transfer, once I get it, I send my logistic guy to deliver to their doorstep ( advantage of integrating tech to your business)

Lastly, the business is expanding as I have added other things like, groundnut oil in gallons, palm oil in gallons, seasoning ingredient in packs, semovita, wheat, rice in bags etc as they complement the biz( search for complementors when the biz is growing, hear feedbacks from customers as they are pointers to your next level)

Please can I get your contact or
Please send hi on 07032615759

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Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by cletz991(m): 7:10am On May 19, 2021
Gordon’s moringa,Origin,four cousins,Eagles and of course IDL products
feelings1:


Which kind of alcohol exactly?
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by emmanok24(m): 7:16am On May 19, 2021
Okay.

Send me your email address.
PhillyA:


Can you give a detailed business plan? I'm willing to pay for it.

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by heartbraker(m): 7:23am On May 19, 2021
Gozychuks:
In 3 months? Which type of farming please?
crop farming ofcourse.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by FKMagazine(m): 7:24am On May 19, 2021
Many businesses.
Just open eyes & heart
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Nobody: 7:39am On May 19, 2021
fortune1968:
You will regret it giving your wife the money to do business with the aim of supporting the family . She will disappoint you . Except you are giving her the money for free . Trust me !
Assuming it was your sister he married, would he regret giving her the money to start a business to support the family?

1 Like

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by sonnie10: 7:40am On May 19, 2021
Litmus:


Start your own line of original tasting bread at home. Use fresh tapped palm-wine for liquid, which will also act as yeast, thank me later.

Start your own aquarium business. The best small businesses are ones offering a new niche. Aquarium business should be rare in Nigeria but may work since Nigerians are big on real estate and many are looking for appealing decorations. You could order fish tanks from china, India or make them yourself - there are many tutorials online. Stock up on local fishes. You may also be able to import exhotic fish eggs. Actually Aquarium accessories are big business on eBay. You could start an EBay side hustle. Hobbyists from all over the world will order stuff like mangrove wood to decorate their aquariums plus rocks and stone. Stones that come from lakes and rivers have specific characteristics that make them fit for aquariums not ordinary stones in your backyard. They will buy shells, corals, etc.

When you said aquarium, some ideas came to mind. Although you were talking about the decoration type but what I am thinking of now is the indoor aquarium with bigger fishes where people pay money to visit. I don’t think they have those in Nigeria.
I know it’s going to cost a lot more to build but I believe people will like it.

1 Like 1 Share

Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by Easyincome24: 7:41am On May 19, 2021
Mekoss:


Please can I get your contact or
Please send hi on 07032615759
Sending a mail is better than dropping your contact here because it is against the rule here and also you are likely a target of scammers.
Re: Please Suggest A Business I Can Start With Five Hundred Thousand Naira by thatsleepboy1: 7:53am On May 19, 2021
Ademola47:

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

Bale of clothes that customs will still seize?

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