₦airaland Forum

nedekid:
30k? That much? Are you sure. When I collect 10k they charge N200, how many 200 will they have to collect to get 30k ie 1.5m @2% charges.
Anyway, guess it must be profitable if not people wount do it.

Kobicove:
To make 30K the person would have to make at least 150 such transactions at a commission of 200Naira for each transaction

Yorubastardz:
Rent out a house and turn it into a Brothel.
Make money and collect rent daily

Breaker001:
Are you for real?
Is it compulsory to comment on a post you have nothing good to contribute?

razzydoo:
Buy Mutual funds on your Palmpay app. Use 50% of it for that. Use the rest to do POS.

Tonystory:
Please I need an advise, a honest one, a good one, which business can I do with 1 million naira I'm Ogun state area. Please help me that's all I have and I am not ready to waste it

nedekid:
Yeah, a good washing machine and by that I mean LG from fouani with 1 year warranty cost 390k, 12kg capacity. Avoid any other brand eg hisense, century etc. Last toks industrial iron we got for our laundry dept was 15-20k. Shelfs etc will be basic so will be ironing tables etc.
Truth of the matter is that someone that has his eyes set high, eg a brother friend or someone you want to assist will see the amount as too small, they will want even AC, special cabinets, perfumes etc for the shop to start. They will even want to tile the floor lol. The reason I gave an example of that young struggling lady is that she is an example of one with the experience but no financial power, even if she sees less than that 1m (which is an unheard of amount to her) she will start the business and have left over as running capital till the business stabilises. Bros we are talking of a lady that is paid 30k monthly as salary and the boss delays the payment, meanwhile he only appears there once in a while. She washes, irons, drys and even does some deliveries with an infant child tied to her back. Young lady of about 26-27.
Don't forget she also has an established customer base that will move with her to her own laundry business.
My point is that if you already know the business, a little ie the basics is what you need to start with.

GodLifted:
Please can u recomend a walk in store to get the lg 12kg capacity in lagos

Tonystory:
Please I need an advise, a honest one, a good one, which business can I do with 1 million naira I'm Ogun state area. Please help me that's all I have and I am not ready to waste it

bet9ja:
Bad governance of Tinubu economy demeanor is killing everyone. 1 million can start Okirika business if you can pay someone who is into it a token to mentor you. You may not even use the 1m.

Tonystory:
Please I need an advise, a honest one, a good one, which business can I do with 1 million naira I'm Ogun state area. Please help me that's all I have and I am not ready to waste it

Henix:
I don't exchange words with touts. If you are not a tout or a village champion, you ought to know the impact of dollar rate on Nigeria economy, as a country that imports almost everything

Meanwhile, 11yrs ago, the one million naira would have been able to buy him 117 bags of 50kg foreign rice. But today, the same 1M can only buy him about 10 to 12 bags of the same rice.

I understand that you are a bitter soul, that’s why no good thing is coming your way, ozuor, we are spending naira here and yes I quote you will you like to use the lagoon?.

Meaning that if he was to go into rice business with that one million naira 11 years ago, he would have been able to start with not less than 117 bags, unlike today that the same one million can barely buy ordinary 12 bags.

The same one million naira would have been able to buy him 2 units of brand new keke tricycle 11 years ago for transport business, but that one million naira can't even be able buy him ordinary okada today.

Pls don't quote me again

Tohsynetita1:
You can do business that can give you times 5 of capital with that one million or less.
Imagine buying yam from north and selling in Lagos, that can give you times ten of your capital, you just have to love the stress and the risk.
You can buy yam flour in saki, sell it in Lagos, Ogun etc.
buy plantain in Edo, Ondo, Ekiti, sell in Lagos.
Buy cheap solar panel from china or Lagos, sell it to those villages where there’s no energy source.
Buy Garri from villages, bring it to Lagos or southwest
Buy potatoes from north , bring it to southwest
You can also do onion storages and sell at scarce time.


You can also go into wifi community service.
Get starlink or any of its equivalent that render unlimited data service.
Go to crowd prone areas like market, get environment where people can come to chill, charge, play games watch movies and watch ball, you go see customers tire. Just make sure it has good internet service