₦airaland Forum

Forget that thing.

Am speaking from experience.

I have worked with many of dem!

winj3:
It is about the person running the business, NOT the Business!
Speak for your own abilities, not everyone!

Love800:
You are a clown!

Lol!

Is it not from small that you will start before you eventually turn big!

How many people will endure before they eventually scale up!

Guy, be like you nor even know drycleaning business. Even the secretary, people will still owe him/her.

Actually, its the big men that is usually the suspect in this. A very rich client can be owing you money almost everytime, and you will never have the guts to question him or her!

In very dark man's voice u gonna learn bro, u gon learn the hard way.... continue playing with ur business. Ever heard the saying business grows when brothers pay?
U dey form family with ur daily bread, u go soon carry client go court. E say big man? U nah small man u be?
Wish u were in lagos I for like dey drop my clothes for ur shop make u help me dey wash am..... we go pay when able

binary123:
With 500.000 I don't care the nature of the business, provided I can make 20.000 daily profit from it, with my capital still intact.any such business ideas please share.

All ideas are welcome.

Lol. Even we with over 30m investment, how much are we making as profit daily?

binary123:
if you think the 20k daily
profit for 500k investment is much.what will you have to say with some people with zero capital investment yet take home more than 20k daily for daily mineal jobs ?

Menial job can't give you 20k everyday in Nigeria. Where is even that job? That can only be once in a while thing

maasoap:
Menial job can't give you 20k everyday in Nigeria. Where is even that job? That can only be once in a while thing

But u agree with me that it is there ?
Wether once in a while or not ..... a plumber, carpenter, iron bender etc can get that from u with ease ..... if u like call it contract if u do the right math u will see that those guysake money wether they know it or not

Asebaba1:
Distribution of bread from bakery to sellers (serve as retailer) can give you such profit with minimal risk. Distribution of drinks too can give you such amount on daily bases.

Yes, she can make reasonable amount of profit from it daily but She will still need patience to grow customers base.

maasoap:
Lol. Even we with over 30m investment, how much are we making as profit daily?

What or where did u invest 30m into that's would be so poor, cos even nah tbill u would still have a smile

So you are richer than all your clients abi!

You are far from reality!

RockyEyo:
In very dark man's voice u gonna learn bro, u gon learn the hard way.... continue playing with ur business. Ever heard the saying business grows when brothers pay?
U dey form family with ur daily bread, u go soon carry client go court. E say big man? U nah small man u be?
Wish u were in lagos I for like dey drop my clothes for ur shop make u help me dey wash am..... we go pay when able

Unless I want to deal on illicit drugs
So don't act dump. If you need business ideas you talk

Stephen0mozzy:
Well, it's not too much, but the fact is that if you're expecting that kind of profit, the business you'll want to start should be a buy-and-sell operation. Something where you can place orders and resell at a profit margin, you understand?

For example, you could order something from the village market during peak market days, bring it to the city, and sell it there. That way you're guaranteed to make profit from whatever you've spent that day.

But if you're hoping to start any business that involves renting a shop or buying shop items to set up the business, then by the time you handle the business setup, you're already eating deep into your capital.

[b]So what I'd advise is to keep pushing whatever brought you that ₦500k [/b]and then start doing Local "dropshipping". You can reach out to people selling gadgets, phones, laptops, and stuff, then start advertising on your WhatsApp status. If you're already getting traction, you can also run ads and post on sites like Facebook Marketplace and Groups, jiji. Post the items you have available, then when people want to buy, the capital that would have gone into setting up a physical shop and premises can instead go directly into getting the goods you'll be selling.

E git be say na church donate am to him, if not that thing that brought that money to him, will continue to bring it with proper discipline.

Traffic brings the income na!

Know which client!
Is it everybody you will be studying!
Is it just for from physical looks you will know which client is able and which is not!

You will need to try and test the client first and see if you will gain positive outcomes.
You can't tell a laundry man who is just starting to be rejecting customers!
So you nor want make he chop!

RockyEyo:
I'll ask u this few questions;
1. Is it about the traffic or ur income?
2. If u operate from home u reduce so much cost... ren, premises etc
3. U can charge more and deal with less work...

So my barber charges 2k5h per cut and another guy down same street charges 800h and hence gets more traffic but let's say in a day my barber gets 10 clients only that 25k yeah?
The other guy will need 2x plus that number to meet up.
See ehn just kw ur clients.
I've run a laundry before but other things have taken over now.... I used to have clients that gave me 60k n above per month ain't kidding, used to do pick up and drop off, had hotels as clients and even had some ajebuter private schools... Still think I'm kidding then u never see.
See ehn with the right approach nah u go run when u see clients only that for effectiveness u may need to own a mini bus

silibaba:
E git be say na church donate am to him, if not that thing that brought that money to him, will continue to bring it with proper discipline.

Lol.... Why you go talk like that na 😂😂. Me dey fins that kain church o.

Na impatience wey go make am lose all the money him dey pursue.

Stephen0mozzy:
500k business capital with 20k DAILY profit. Interesting dream.

Following

, you make me laugh this morning.

binary123:
Forex trading and betting are not business.pls I don't need such business ideas,
I cherish my money. I beg.

While you think of a business convert that 500k to dollar. So inflation won't mess it up for you

Love800:
Traffic brings the income na!

Know which client!
Is it everybody you will be studying!
Is it just for from physical looks you will know which client is able and which is not!

You will need to try and test the client first and see if you will gain positive outcomes.
You can't tell a laundry man who is just starting to be rejecting customers!
So you nor want make he chop!

Bro all I'm saying is work less for more.... work on ur packaging, work on ur delivery speed, work on ur clients satisfaction ie. Make sure to give them the best output.....
Secret to get good client I started in the church
So I use to worship in a really large congregation where we have big guys.... I'm an usher so I started with just one person then got two n before u kW it through word of mouth and reference my client base increased not to talk too much I gained confidence and the rest was history. NB never be afraid of rejection

Love800:
So, is it the garri he will start selling to make profits?

How and who is he going to sell the garri to?

See wetin you dey ask 😂. Garri is one of the most popular food in this country nah.
If he bags the garri, he can sell to traders in the market or sell to consumers directly. He will sell faster to market traders. They can buy as many bags as long as price is good.
As for storage, he can store in his house

Love800:
So you are richer than all your clients abi!

You are far from reality!

Grow ur mind my brother..... stop thinking in this fashion I'm not ur enemy, we are only seeking a common solution I only offered my own brain to be picked.
I don't kw what informed u of the fact that I'm bigger than my clients but if u read well u will see that I only said chose ur client don't let the client chose u.... don't be too ordinary..... if u still don't get it then ......

Stephen0mozzy:
Lol.... Why you go talk like that na 😂😂. Me dey fins that kain church o.

Na impatience wey go make am lose all the money him dey pursue.

Na money wey you get free dey shack person.

If you make money with better hustling, you go dey relaxed coz you are such of making more.

But if you no get and dem come give you, your bodi go dey totori you too much, and by so doing, you lose everything.

There are businesses you can do with the 500k but you would need to use part of the 500k to get started.

First, POS hawking as I like to call it.
I have an in-law who told me she makes over N150,000 from every 600k cash. The trick is the more cashpoint you have, the faster you make your profile.
Using myself as an example, I withdraw N30,000 about 6 times every week paying between N300 and N400 each time, that's about N1800 charges every week. Now imagine having 10 regular customers giving you N1700 4 times in a month, thats roughly N170,000. Then other random customers who pay N100 for every N5000, thats more income. If you subtract the bank charges, no way you wont make minimum N200,000 profit after paying your workers.

Reselling of digital products.
I wont be specific on this and wont entertain any questions but there are products that are highly demanded but there are few people with the product which are also limited. I personally make between 70k every 2 days from one of my local customers and between $40 and $250 per transaction from different marketplace.

Finally, your skill/knowledge
A man's skill/knowledge would always make a way for him. If as a Nigerian you have no bankable skill, knowledge or experience from childhood till now, if you're given N5billion you'd use it to buy McLaren

RockyEyo:
What or where did u invest 30m into that's would be so poor, cos even nah tbill u would still have a smile

I guess you didn't understand my comment. She wants 600k monthly on investment of 500k. I didn't say 30m naira doesn't bring 20k daily. But I did say how much does 30m naira investment bring daily.
Tbill rarely give above 10parsent annually. What's 10parsent of 500k? 50k naira in one yeah that's less than 5k a month.
What is 10parsent of 30m? 3m naira yeahly. That's less 300k a month. Does that compare to 20k daily on 500k investment? No. That's what I meant

RockyEyo:
But u agree with me that it is there ?
Wether once in a while or not ..... a plumber, carpenter, iron bender etc can get that from u with ease ..... if u like call it contract if u do the right math u will see that those guysake money wether they know it or not

Not consistent like what Op wants, that's the point. If it is consistent, all of them would be living like a king instead of struggling everyday like the rest of the population. And any good income that's not consistent is not something really great

There are businesses you can do with the 500k but you would need to use part of the 500k to get started.

First, POS hawking as I like to call it.
I have an in-law who told me she makes over N150,000 from every 600k cash. The trick is the more cashpoint you have, the faster you make your profile.
Using myself as an example, I withdraw N30,000 about 6 times every week paying between N300 and N400 each time, that's about N1800 charges every week. Now imagine having 10 regular customers giving you N1700 4 times in a month, thats roughly N170,000. Then other random customers who pay N100 for every N5000, thats more income. If you subtract the bank charges, no way you wont make minimum N200,000 profit after paying your workers.

Reselling of digital products.
I wont be specific on this and wont entertain any questions... There are digital products that are highly demanded worldwide but there are few people with the products which are also limited. I personally make N70k every 2 days from one of my local customers and between $40 and $250 per transaction from different marketplace online.

Finally, your skill/knowledge
A man's skill/knowledge would always make a way for him. If as a Nigerian you have no bankable skill, knowledge or experience from childhood till now, if you're given N5billion you'd use it to buy McLaren Senna. Think about an experience you had while growing up and find a way to make money from it.
You can always delegate/employ someone with better knowledge to do the job and pay them from what you charge your customers.

Thank you.

Lastly, what do you mean by empty space?

And, is making and selling snacks(pastries) better than selling cooked meals?

koladata:
ofcourse there's money in food business, if you find a good location and your food is good. An average plate of swallow is 1,500 naira with two meat. No matter how high the inflation is , you will atleast make 500 naira per plate , if you sell to 40 people per day , that's already 20k

Nice writings!

Okay.

I appreciate your response.

RockyEyo:
Bro all I'm saying is work less for more.... work on ur packaging, work on ur delivery speed, work on ur clients satisfaction ie. Make sure to give them the best output.....
Secret to get good client I started in the church
So I use to worship in a really large congregation where we have big guys.... I'm an usher so I started with just one person then got two n before u kW it through word of mouth and reference my client base increased not to talk too much I gained confidence and the rest was history. NB never be afraid of rejection

Wow, i appreciate.

Lastly, how will he see and contact this village people to come process the cassava?
That means he will be doing this business in the village and not inside town?

gammarays:
See wetin you dey ask 😂. Garri is one of the most popular food in this country nah.
If he bags the garri, he can sell to traders in the market or sell to consumers directly. He will sell faster to market traders. They can buy as many bags as long as price is good.
As for storage, he can store in his house

Okay.

Good response.

I appreciate alot!

RockyEyo:
Grow ur mind my brother..... stop thinking in this fashion I'm not ur enemy, we are only seeking a common solution I only offered my own brain to be picked.
I don't kw what informed u of the fact that I'm bigger than my clients but if u read well u will see that I only said chose ur client don't let the client chose u.... don't be too ordinary..... if u still don't get it then ......

Its only that FOREX that you are running from that can give you that consistently. The issue is; do you have the right skill, and are you discplined ? If no, try doing POS in a very busy area but dont expect that much return in a day.

Love800:
How professionally do you want to handle it!

In laundry business, your customers always turn to close friends. There is no way you will be rude or sound harsh to dem.

From there, you start allowing dem to owe you.
I know what am saying.

Its not all customers you will tell to drop half of the money before you collect their clothes.
The close ones who you have already generated emotions with(male or female), will never drop deposit. Its after you finish with the clothes, then they pay you half or full money!

That's where the problem is, you're still looking at it from a small business point of view

Every business person have close friends too, but any friend that can put your business at risk of closing up is never your friend

Whatever business you later decide to venture into, don't mix your business with pleasure

If at all you want to be succeed in it

spiSeyi:
Let me correct your motive on sport betting and FX.
Arbitrage betting ( DYR on this bro) can guarantee you stable 5% ROI daily, and let me correct your motive of FX Forex trading makes sense for professionals and not the greedy guys. So with disciplined trading mindset FX will guarantee you 3-4% daily profit man.
Read this book "Trading in the zone & Discipline trader" by Michael Douglas. 😎 To secure your investment diversify your portfolio and invest in Palm Oil business you can even start with 5 gallons and resell. So your 20k daily on 500k is achievable with 6 wks if you follow up.
Diversified portfolio
10% of 500k in to Arbitrage
20% into FX
70% into Palm Oil business will secure you 20k daily
This portfolio is well diversified for a start with minimal risk
within 6 wks.
PS: No business is without risk even food business, real estate or whatever. The best means to limit or eliminate risk is to diversify your portfolio and hustle smart. Don't put all your eggs money in one basket business
Nothing is impossible or never enough if you plan enough

Even if he trades FOREX, he will likely looses because his expectations are high. 20k per day that's more than 100%. And I'm sure he lost money in the past trading that way

maasoap:
Not consistent like what Op wants, that's the point. If it is consistent, all of them would be living like a king instead of struggling everyday like the rest of the population. And any good income that's not consistent is not something really great

Yea op may need orientation business will give u 20k sometime 10k another time 50k etc the important thing is in the overall average not falling below expectations n then experience breeds growth

winj3:
Unless you have visited every single inch of the country then you can speak with authority about it.
Nigerians like complain and arm chair opinions, laziness and lack of confidence is no excuse. It is a country where people prefare pastor and God to fix their money problem (shortcut) instead of hard work.

I understand you, I only airing my thoughts in regards to the particular amount OP needs as profit per day. But for others who don't mind any particular profits, it's visible for them. Fortune favours the bold.