Can 500k Start This Business? - Business (3)

Can 500k Start This Business? - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Can 500k Start This Business? (38724 Views)

Re: Can 500k Start This Business? by trumpcoat(m): 12:04am On Dec 15, 2024

Location matter where such business is too close to proposed shop, apart from shop rent and furniture 500k can start the business

Re: Can 500k Start This Business? by Rhassidy360: 12:08am On Dec 15, 2024

JapaToDNext:
go and learn a hand skill (learn how to repair things like home gadgets, fans, e.t.c)

After learning, go and open a repair shop

Then attach the above to any other online skill you have

At the end you manage your time yourself and still make money

u serious at all

Re: Can 500k Start This Business? by emmyN(m): 12:31am On Dec 15, 2024

Sirchiboy:
Please can 500k start this business in PH

Why do you want to do that business? Do you want to fill today's needs or you have long term projections?

Re: Can 500k Start This Business? by travelzcruix: 12:34am On Dec 15, 2024

500k no be 500k again.

Re: Can 500k Start This Business? by PARADIZEPRIEST: 12:41am On Dec 15, 2024

Very interesting,everybody with their own advice shocked

Re: Can 500k Start This Business? by mukthar2000(m): 12:55am On Dec 15, 2024

Only aboki guys can handle this kind business becos they are not too flashy in spending or party type like some regions when its come to this shaggo business.

Op If u are going into this business , some conditions attached to it to enable u grow faster becos the gain come in #1, #2, #5,#10, #20" hadly b4 u can make a gain of #200 on a particular items, and don't forget if u married the kids and wife most eat from the store as well.

Go into food stuff business or chacole business.

2 Likes

Re: Can 500k Start This Business? by Jerryg56(m): 1:42am On Dec 15, 2024

Carry that 500k invest for forex. No be everything ooo
Buy PC, get small Solar or inverter for constant light small.
Learn forex, you fit come DM me for FREE mentorship..
Buy $10k prop firm instant account, start to trade and withdraw steadily..infact you don't have to trade yourself, just plug into signal providers on CT

No be dream, na real business idea I give you soo, your way to mega millions 🍻

1 Like 1 Share

Re: Can 500k Start This Business? by pius4luv(m): 1:46am On Dec 15, 2024

If you can try and add some money to the money and buy a keke truck and start buying bulk pure water from pure water factory and start selling it out to the market women's That's selling provision store but u will need to learn how to ride the keke truck first but if u know how to ride a bike before it would be easy for u to ride the keke truck, back on the pure water business, the pure water factory will be giving u #180 per bag and you will be selling it out #250 or #300 per bag to people and it's very lucrative and you will sell them out on time.

Re: Can 500k Start This Business? by haybhi1(m): 1:49am On Dec 15, 2024

Taba21:
Hope you're not Igbo cos hand will soon start reaching all of you,one by one since you guys are terrorist.

This kain statement no make any sense na

2 Likes

Re: Can 500k Start This Business? by Laturuturu: 3:26am On Dec 15, 2024

He will be small in life with this advize

Re: Can 500k Start This Business? by Chicagograduate(m): 3:41am On Dec 15, 2024

durentboi:
Why you wan do this kinda yeye business. E no beta make u carry taxi dey drive?

Spare parts nko?

Re: Can 500k Start This Business? by holysaint1(m): 4:01am On Dec 15, 2024

pius4luv:
If you can try and add some money to the money and buy a keke truck and start buying bulk pure water from pure water factory and start selling it out to the market women's That's selling provision store but u will need to learn how to ride the keke truck first but if u know how to ride a bike before it would be easy for u to ride the keke truck, back on the pure water business, the pure water factory will be giving u #180 per bag and you will be selling it out #250 or #300 per bag to people and it's very lucrative and you will sell them out on time.

which state are you located ?

Re: Can 500k Start This Business? by omojeesu(m): 4:02am On Dec 15, 2024

Sirchiboy:
Please can 500k start this business in PH

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Re: Can 500k Start This Business? by Juliearth(f): 4:12am On Dec 15, 2024

Sirchiboy:
Please can 500k start this business in PH

Yes! This is how it would work. Instead of renting a shop, you would use the front of your house as a stall. Get a local carpenter to fabricate a cheap cabinet. Stock up on high-demand goods in reasonable quantity. Reinvest all your profit into expansion. Continue doing so until you are able to stock goods as much as what is seen up there and maybe rent a shop.

Another alternative is to sign an agreement with a distributing warehouse so goods are supplied to you on credit and you remit after sales. This is almost unheard of in Nigeria, however.

Re: Can 500k Start This Business? by Juliearth(f): 4:14am On Dec 15, 2024

tobby20:
Serious but my guy dey make money with him Camry o 4get

What works for mister A may not work for Mister B.

Re: Can 500k Start This Business? by Flakky26(f): 4:14am On Dec 15, 2024

Mini market is not just what you can start like that, you have to go and learn the trade secret from someone who is ready established. in eery business, there is a trade secret you must learn, the igbo boys have mastered this and thats why they dont fail in any business

Sirchiboy:
So that mini super market no dey move market

Re: Can 500k Start This Business? by Dshocker(m): 4:20am On Dec 15, 2024

Sirchiboy:
Please can 500k start this business in PH

500k can only build the shelf.

Re: Can 500k Start This Business? by makaveli902: 4:24am On Dec 15, 2024

Sirchiboy:
..
Which place.
Uber only favor those in Lagos

And Abuja.

Re: Can 500k Start This Business? by Dshocker(m): 4:24am On Dec 15, 2024

JapaToDNext:
money no too dey provision business

Dey play, na wetin dem tell you, until you you start the business.

Provisions store na blood money business.

Re: Can 500k Start This Business? by Judolisco(m): 5:47am On Dec 15, 2024

tobby20:
Serious but my guy dey make money with him Camry o 4get

depends on where he is doing it.... If na lagos, it's good... Abuja uber na rubbish

1 Like

Re: Can 500k Start This Business? by Judolisco(m): 5:47am On Dec 15, 2024

Sirchiboy:
..
Which place.
Uber only favor those in Lagos

exactly

Re: Can 500k Start This Business? by OgaRico(m): 6:23am On Dec 15, 2024

How about buying and storing of palm oil to be sold later on?
In the part of Kogi State where I am, sometime July this year, 20 litres keg of palm oil was sold for 22/23k but as I am writing this now, same Palm oil keg is sold for 40k upward.

500k ÷ 23k for each keg=21 kegs.
If one keg is sold for 40k, minus 23k (40k-23k) =17k.
Multiply 17k interest by your 21 kegs= 357k profit. Mind you, your original 500k is still there o.

With the little I know about PH or Rivers State, you can't get palm oil there; so you will need to go outside the State for the purchase and that means you might use part of the fund for fare to and back.

Hit your calculator and do the math let see, that's if you buy into the suggestion.
All the best though.

Sirchiboy:
Please can 500k start this business in PH

1 Like

Re: Can 500k Start This Business? by LOVEGINO(m): 6:25am On Dec 15, 2024

durentboi:
Why you wan do this kinda yeye business. E no beta make u carry taxi dey drive?

u just won d most senseless post of the year. Weldone sir.

Re: Can 500k Start This Business? by Jeffy1206(m): 6:28am On Dec 15, 2024

Go into selling of food stuffs instead. No nobody buys these things again from small shops. They buy from big supermarkets and shop rites and alike...

Re: Can 500k Start This Business? by jimmynauty: 6:37am On Dec 15, 2024

Sirchiboy:
Please can 500k start this business in PH

Gimme 100k I will give you 500k in 8wk
Punting d pay

Re: Can 500k Start This Business? by Empresa: 6:51am On Dec 15, 2024

Sirchiboy:
Service like what?

concentrate on what your environment or community is lacking. Also make sure you have a good knowledge of the services you choose to invest on

Re: Can 500k Start This Business? by EBUBECHISOM(m): 6:54am On Dec 15, 2024

jimmynauty:
Gimme 100k I will give you 500k in 8wk
Punting d pay

If you are serious, I'll give you the 100k

Re: Can 500k Start This Business? by JapaToDNext: 6:57am On Dec 15, 2024

Dshocker:
Dey play, na wetin dem tell you, until you you start the business.

Provisions store na blood money business.

the profit in provision business is not encouraging at all

Most times, the owner might end up eating most of the things in his/her shop, thereby eating along the gains or profit in the business

1 Like

Re: Can 500k Start This Business? by arantess: 7:07am On Dec 15, 2024

thesicilian:
Personally I don't think 500k is enough to start this, except you remove the cost of shop rent and furnishings.

BTW, OP's question was, can 500k start this business? Yet people are suggesting their one business. Some that may even come online tomorrow to beg with different usernames are still insulting the business on top.

1 Like

Re: Can 500k Start This Business? by blackmantis: 7:25am On Dec 15, 2024

Capital No

Re: Can 500k Start This Business? by gaddafe(m): 7:29am On Dec 15, 2024

Sirchiboy:
So that mini super market no dey move market

It's not that it does not move but the profit you make is too low. It's almost like you are just buying and selling back to consumers at almost thesame price the producer sold it. You will make profit but very little. I have personally never seen a more useless business that it.

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