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Can 500k Start This Business? - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessCan 500k Start This Business? (38720 Views)

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Re: Can 500k Start This Business? by prophetfire: 7:36am On Dec 15, 2024
Sirchiboy:
Please can 500k start this business in PH
It won't even be enough for shop and shelfs.
Why not learn a skill. To repair gadgets and then start repairing gadgets and gradually you start putting small small gadgets to sell too?
Gadgets like electrical or electronics or phone etc.
Re: Can 500k Start This Business? by bjtinz: 7:40am On Dec 15, 2024
From my interactions with such owners, the profit margin is not too great, the of course you have to consider competition.

Unless it's just a side hustle for cash flow, but the again you need to carefully select your inventory so you don't tie money down.

In all, I won't say it's bad, but do your due diligence first. Survey the market, consider your supplier, assess relative cost of utilities in the areas,etc.
Re: Can 500k Start This Business? by rapheal5(m): 7:49am On Dec 15, 2024
Jerryg56:
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 🍻
That free mentorship na lie, Forex and IT guys on NL all lie about free mentorship but ask for 50 to 100k one time fee...
How do you expect people who find it difficult to feed their self to send you 50k....
Re: Can 500k Start This Business? by werisetogether(m): 7:52am On Dec 15, 2024
Sirchiboy:
Please can 500k start this business in PH
Thanks for sharing

Maybe you could prayerfully consider doing your research in PH. Starting with people you know who could know anyone already in the business

That way, you could find options on the best ways to ensure you get back your investment

Fact is: a lot of trade secrets are not available online. Only the true players can help you avoid getting your fingers burnt.

All the best
Re: Can 500k Start This Business? by Sirchiboy(op): 7:59am On Dec 15, 2024
gaddafe:
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.
.
what business I can do to see atleast 5k daily
Re: Can 500k Start This Business? by vicfajeze: 8:00am On Dec 15, 2024
durentboi:
Why you wan do this kinda yeye business. E no beta make u carry taxi dey drive?
Uber?
Re: Can 500k Start This Business? by Offpoint1: 8:02am On Dec 15, 2024
Sirchiboy:
..
Which place.
Uber only favor those in Lagos
Na only Lagos or Abuja you fit make money for Uber, the other states na f9
Re: Can 500k Start This Business? by Sirchiboy(op): 8:13am On Dec 15, 2024
Offpoint1:
Na only Lagos or Abuja you fit make money for Uber, the other states na f9
.
No wonder bro.
Did uber in PH for 10 months couldn't achieve anything.
My car got spoiled and repair it with my feeding and savings.
Ended up selling.
That is why I am looking for business to do
Re: Can 500k Start This Business? by Sirchiboy(op): 8:13am On Dec 15, 2024
Offpoint1:
Na only Lagos or Abuja you fit make money for Uber, the other states na f9
.
No wonder bro.
Did uber in PH for 10 months couldn't achieve anything.
My car got spoiled and repair it with my feeding and savings.
Ended up selling.
That is why I am looking for business to do
Re: Can 500k Start This Business? by Edipet(m): 8:18am On Dec 15, 2024
Jerryg56:
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 🍻
please no vex can you teach me for completely free, secondly please, can you help me with data let me download YouTube videos
Re: Can 500k Start This Business? by franugo(m): 8:18am 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.
People wey no get sense for this NL plenty I swear
Re: Can 500k Start This Business? by cybriz82(m): 8:51am On Dec 15, 2024
durentboi:
Why you wan do this kinda yeye business. E no beta make u carry taxi dey drive?
Ur brain need more oil 😂 500k to buy taxi or y mean bicycle?
Re: Can 500k Start This Business? by ufdfashion: 8:54am On Dec 15, 2024
SQLmastar:
Hell No! It cannot. Have you checked the prizes of beverages and FMCG lately? Add that to the exorbitant shop rents in PH. 500k is just a fraction of the opening costs.
To open the business above, you need a minimum of 3M.
However, if 500k is the only fund currently available, I can help you manage it until it reaches about 3.5M within 2-3 months.
How are you doing this bro?
Re: Can 500k Start This Business? by newoffer: 8:58am On Dec 15, 2024
I know someone who does repairs of rechargeable gadgets. Man just finish his building. Stupid things gives money.
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
Re: Can 500k Start This Business? by Yippeedaniel(m): 9:02am On Dec 15, 2024
You can't. I'm into this business, only shop and shelf Don swallow ur money finish. Then those little goods u see dia cost alot. Common tin milk na 700 for on one tin,
Re: Can 500k Start This Business? by Dshocker(m): 9:10am On Dec 15, 2024
JapaToDNext:
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
Guy calm down, my friend's father made so much billions from walk in super market with different branches.
Re: Can 500k Start This Business? by ufdfashion: 9:11am 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.
Like how much?
Re: Can 500k Start This Business? by sheriffman(f): 9:33am On Dec 15, 2024
No
Not Advisable
Go into selling raw foodstuffs ,its better than this
Re: Can 500k Start This Business? by Offpoint1: 9:48am On Dec 15, 2024
Sirchiboy:
.
No wonder bro.
Did uber in PH for 10 months couldn't achieve anything.
My car got spoiled and repair it with my feeding and savings.
Ended up selling.
That is why I am looking for business to do
I don't your base, I have business idea you can try. You may not even need all the money... Might not be instant million, but with consistency you can built a strong customer base.
Re: Can 500k Start This Business? by tojahh(m): 10:01am On Dec 15, 2024
This your 5m don dey finish o. E enter 4m, enter 2m now na 500k e dey.
Re: Can 500k Start This Business? by Sirchiboy(op): 10:11am On Dec 15, 2024
Offpoint1:
I don't your base, I have business idea you can try. You may not even need all the money... Might not be instant million, but with consistency you can built a strong customer base.
.
Name of businessbro
Re: Can 500k Start This Business? by Sirchiboy(op): 10:11am On Dec 15, 2024
tojahh:
This your 5m don dey finish o. E enter 4m, enter 2m now na 500k e dey.
.
U sabi me
Re: Can 500k Start This Business? by Elidrisy20: 10:34am On Dec 15, 2024
Invest in farming
Re: Can 500k Start This Business? by Bigii(m): 11:13am On Dec 15, 2024
Sirchiboy:
Please can 500k start this business in PH
Tied down kinda business😏
Re: Can 500k Start This Business? by Offpoint1: 11:22am On Dec 15, 2024
Sirchiboy:
.
Name of businessbro
Sorting products/items and reselling them online.
Re: Can 500k Start This Business? by jmichael259(m): 11:37am On Dec 15, 2024
Sirchiboy:
I don do uber e no fav our me.
Anything transport I don leave
Phone charging joined with barbing and/or Laundry (lotto, POS umbrella by the side)
Depending on space, location and available workers, you can also add phone repair, phone and electronic accessories.

Say no to petty provision business. It's only profitable if you have backup job or if you know the business very well and capable to invest heavily into it. Right now, starting provision (shop+goods) is a 2.5m venture. Anything less is just siddon dey look.
Re: Can 500k Start This Business? by Sonofgod1990(m): 11:49am On Dec 15, 2024
At the op. If seriously you want to startup a business and you Don't have the capital. Drop me your account so I can help you with 500k so you can add it up making 1 million so you can start up a business. Remain blessed
Re: Can 500k Start This Business? by serengetifarms:
.
Re: Can 500k Start This Business? by Juniorangel(m): 11:58am On Dec 15, 2024
There is nothing wrong with this business, this is one of the business I run, just try dey do turnover and don't employ anybody even your wife sef should not be near the shop or else. Run the business on your own add POS and try rent shop for busy area you go dey cash out steady.
Re: Can 500k Start This Business? by Emeskhalifa(m): 12:06pm On Dec 15, 2024
Use am do POS and thank me later
Re: Can 500k Start This Business? by cutedharmee: 12:06pm On Dec 15, 2024
Pls use that money to buy grain from the North e.g buy bag of maize, okpa, rice, bean, onion, dry chilli pepper 🌶, palmoil and resell per mudu in your area then thank me later. Don't give your money to anyone to invest for you abeg. People are wicked
Re: Can 500k Start This Business? by Tenplet(m): 12:12pm On Dec 15, 2024
Pipsmarshall1:
Forex Trading any day
bro teach me na
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