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'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusiness'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) (20840 Views)

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Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by oyeb15: 1:19am On Jul 07
She want to trend.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Alliswell248: 1:20am On Jul 07
happney65:
When are you going to start frying Agbado too so that you can make 2.5 Million monthly

When abeg?
.

Noisemaker
Bitter people
Keep wasting your time online

Spit.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by NwaliE01: 1:32am On Jul 07
Looking at her face, does she look like someone that have seen such amount in year.

She would have employed someone if she's truly earning that much.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by eepeepook: 1:33am On Jul 07
If I’m to choose, I don’t. It doesn’t make my comment a lie.

Dshocker:
Please don't tell me you believed this rubbish
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by lionofafrica12: 1:40am On Jul 07
Most of the respondents are ignorant. There is no lie in what she is saying. Mathematically it is possible and beyond. She may even be reducing her actual take home. People said that she looks wretched though making 2.5million . This is is why most people cannot build wealth as they go about buying Land Rovers, Range Rovers , Mercedes Benz( showmanship ) and they don't have any savings or investment .
Take for instance I invested $1000 in Costco shares( stocks) in 2015( it is now worth 1.5M) and my Apple stock $2000( 2005 ) is now worth 3.5M. I could have spent the money buying rubbish. Please Invest and save.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by iykololo(m): 1:48am On Jul 07
Prestar:
Propaganda
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by gabbytabby: 1:58am On Jul 07
Years ago I am talking like 35 plus years ago an orange seller said how much she was making from selling oranges which they buy from their villages and sell mainly wholesale in the market and it was unbelievable so don’t knock it until you research and try it.

Also I have witnessed a woman build house from the profit of selling yam, oil, garri, elubo etc that she and two other women jointly go to buy in ondo Akure. I respect those women.

A lot of people just waist their life sitting around and complaining that there is no job not knowing that they just need to open their eyes and the opportunity is around them. Oga de carry 4 runner all over the place begging wife and friends to buy petrol for them while they are too big to do the bolt that the friends they are begging money from is doing.

It’s about making money especially when you have children to feed. Don’t knock an honest day’s work.

Most people when they travel abroad, the initial job na factory, cleaning, shop assistant, food restaurant, care and the like if one is lucky until you make progress if you make progress.

Prestar:
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Adakintroy: 2:08am On Jul 07
Mariangeles:
Do you dispatch yourself alone, or you have people working for you?

What mode of transportation do you use?
I do it myself alone. And I used motocycle
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by oscar52: 2:14am On Jul 07
I stayed in an Airbnb in VI once and the roadside suya guy makes N3m a month profit after cost.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by gentlekeny(m): 2:48am On Jul 07
eepeepook:
People are making wealth in the real world. Broke people online are making noise. I will always respect the white man for monetizing ignorance. The door automatically became wide open for anyone to become a millionaire off others’ willful idiocy.
Thanks for the motigbetional speech
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by apesinola001: 3:02am On Jul 07
BIG LIE of the century.
LIE LIE like APC
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by shortgun(m): 3:07am On Jul 07
To make that amount in profit she'll have to sell 5,000 corns @700 naira with a generous overhead+ direct cost@200 naira. That's impossible
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by colizee(m): 3:13am On Jul 07
This woman wants to put corn sellers in trouble.

Honestly ot is possible to make as much as that amount if she is in a busy location, corn is quite expensive these days. She could be making atleast 50k if she sells from morning till night.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by starpower(m): 3:30am On Jul 07
Gbadugbakun:
‎Many of the people calling her a liar may not fully understand how small businesses work.

‎A bag of corn currently costs around ₦45,000 and typically contains 50–60 ears, depending on their size. If she's buying directly from farmers or wholesalers on the outskirts of Lagos, her cost price could be even more competitive.

‎Let's do a simple calculation. If a bag contains 60 ears and each one sells for ₦500, that's ₦30,000 in revenue from the corn alone. She could also generate additional income by selling complementary items like ube and coconut, which usually carry healthy profit margins.

‎In a high-traffic location, offering both boiled and roasted corn alongside ube and coconut could significantly increase sales volume. If, for example, she sells three bags' worth of corn in a day, that's about ₦90,000 in daily revenue from corn sales alone. Over 25 working days (excluding Sundays), that amounts to approximately ₦2.25 million in gross revenue, and that's before factoring in the extra income from ube and coconut.

‎Of course, gross revenue is not the same as profit. Expenses such as purchasing stock, transportation, charcoal or cooking fuel, labour, rent (if applicable), and other operating costs would need to be deducted. However, the main point remains: with the right location, consistent customer traffic, and good business management, it's entirely possible for a corn-selling business to generate up to ₦2 million or more in monthly revenue.
you are correct, it revenue not net profit.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by epainos: 3:38am On Jul 07
I just smiled when people were insulting Remi. You see, you all dont know how the Nigerian market system has been framed.

Retailers are kings. Thats just it. And you dont still get it. Remi Tinubu is talking from what he has seen Tinubu pumped out of tax collection. Those Agbero in parks and markets, the road sellers, market women and men, etc. If they arent making money why would Lagos State create so many agencies to milk them, yet they keep multiplying. So, dey there.

When I import supplements and I see what these sellers list on Jumia, konga, and jiji, I always call them thieves. Ha ba! When you know the amount main distributor and retailers make on food compared to what faemers make, you will shout.

Gues what I told my network to downsize and we transform to B-C - direct sales to consumers. What you gain from farming 1,000 ha...just do 5 ha and you will make times 2, but sell directly to consumers.

This framework is not sustainable, its what Nigerians have embraced. And it didnt start today. It was first noticed in the 70s when retailers just created artificial high prices of meat and fish. Gen Obasanjo ordered ship of fish from Norway and crashed the prices. Still those retailers made good profit. But why did they increased their profit exponentially before? Thats just the Nigerian thing that want to make too much from anything. And its why they form associations for their dirty fights. This same issue affects oil and forex.

Bola Tinubu understood this, and he pitched his tent there.

Well, solution is on the way. We will soon see. Lol.

Goodlyck to you all.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by palsenator(m): 4:06am On Jul 07
eepeepook:
People are making wealth in the real world. Broke people online are making noise. I will always respect the white man for monetizing ignorance. The door automatically became wide open for anyone to become a millionaire off others’ willful idiocy.
You dey speak grammar... Speak on this 2.5 million first
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by palsenator(m): 4:07am On Jul 07
colizee:
This woman wants to put corn sellers in trouble.

Honestly ot is possible to make as much as that amount if she is in a busy location, corn is quite expensive these days. She could be making atleast 50k if she sells from morning till night.
Everything she displayed sef no reach 50k.... Make una try dey use brain and not anus to think nah
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by palsenator(m): 4:08am On Jul 07
ImoleNaija:
Even if she dey stay Lekki, she no fit make am.
I wonder ooo. Does she even look 2.5? Everything she is selling no reach 50k
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by ElevationD: 4:21am On Jul 07
Gbadugbakun:
‎Many of the people calling her a liar may not fully understand how small businesses work.

‎A bag of corn currently costs around ₦45,000 and typically contains 50–60 ears, depending on their size. If she's buying directly from farmers or wholesalers on the outskirts of Lagos, her cost price could be even more competitive.

‎Let's do a simple calculation. If a bag contains 60 ears and each one sells for ₦500, that's ₦30,000 in revenue from the corn alone. She could also generate additional income by selling complementary items like ube and coconut, which usually carry healthy profit margins.

‎In a high-traffic location, offering both boiled and roasted corn alongside ube and coconut could significantly increase sales volume. If, for example, she sells three bags' worth of corn in a day, that's about ₦90,000 in daily revenue from corn sales alone. Over 25 working days (excluding Sundays), that amounts to approximately ₦2.25 million in gross revenue, and that's before factoring in the extra income from ube and coconut.

‎Of course, gross revenue is not the same as profit. Expenses such as purchasing stock, transportation, charcoal or cooking fuel, labour, rent (if applicable), and other operating costs would need to be deducted. However, the main point remains: with the right location, consistent customer traffic, and good business management, it's entirely possible for a corn-selling business to generate up to ₦2 million or more in monthly revenue.
Motivational speaker thank you very much.

So the cost of production is not factored into your calculation right? She gets the corn, Ube and coconut for free from the farm right? What about the charcoal used for production? What about the cost of transportation? So all of them for free?

Each finished product does not carry a fixed price of N500, do you know?

Look at your warped calculation. A bag of corn costs 45,000 and it contains 50 - 60 ears. She sells at 500 each and arrives at 30,000. The difference negatively is 15,000. Is that not a loss already from your calculation? If she sell three bags a day, is that not a further loss of 45,000?

Na so APC go dey confuse una.

The same Tinubu’s wife called youths lazy and you all accepted it.

Except that woman has other branches and aggregates all the income from those sources, she deceived you all.

For your information, I am very certain that a bag of corn does not cost 45,000. You can go to Ketu, Abule egba or visit any farmer to check how much a bag is sold. A bag typically bag can have up to 100 pieces depending on the sizes. Is she sells 100 pieces at 500, that’s 50k. You remove her costs, i.e, purchase price, transport, charcoal and decide her profit for the day, which typically does not exceed 8 - 10, depending on the location. If she is able to manage with the fire from her charcoal to sell, she can make more. By the way, sales also fluctuate. Somedays sales can be tasking and you find the corn seller praying hard and almost begging customers.

Make una dey follow Tinubu wife play. Tinubu himself promised agbado and that is what the wife emphasized. By the way, when corn is out of season, what will you do? Face akara right?

The woman’s idea is not bad in all, but most people feel insulted seeing how they live luxurious lives and telling them to do businesses that they see as demeaning, which should not be.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by zinaunreal(m): 4:36am On Jul 07
Tinubu agent
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Ahmeduana(m): 4:43am On Jul 07
LabStores:
Dey play.

She claims she makes ₦2.5 million every month from roasting corn by the roadside. If that's true, how many mansions has she built already?
Let her show us where she lives. Yeye

I used to think people became more honest as they grew older, NOT IN THIS SHAMELESS GENERATION...

Give this same woman ₦10,000 today and she'll pray for you from morning till night.
Maybe she dey hire gun or they sell cocaine join am
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Tingotoe: 5:01am On Jul 07
eepeepook:
People are making wealth in the real world. Broke people online are making noise. I will always respect the white man for monetizing ignorance. The door automatically became wide open for anyone to become a millionaire off others’ willful idiocy.
And isn't it ironic that you haven't walked through that door?
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Oscapvex2022: 5:12am On Jul 07
She doesn't need help, she ishe is not saying the truth.
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Oakenshield: 5:21am On Jul 07
eepeepook:
People are making wealth in the real world. Broke people online are making noise. I will always respect the white man for monetizing ignorance. The door automatically became wide open for anyone to become a millionaire off others’ willful idiocy.
she can never make that amount in a month because how much is crn abi she dey sell 20 bags of roasted corn every day. This na pure propaganda see her stall and environment
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by lildush(m): 5:27am On Jul 07
If she sells 1 piece for 10k or 20k that may be possible...
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by chidiokay: 5:35am On Jul 07
eepeepook:
People are making wealth in the real world. Broke people online are making noise. I will always respect the white man for monetizing ignorance. The door automatically became wide open for anyone to become a millionaire off others’ willful idiocy.
yes, people are making wealth is the real world, buh wealth is attribuateable to multli rich which reflects a very few population of thecnation
i doubt you know wealthy is different from bring rich,
lastly what does the stat say, people are making money ofcus, the rich are getting richer while the poor are getting poorer no thanks to Govt
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by femi4: 5:57am On Jul 07
Lies

Yet you cannot afford a decent house
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by simpleseyi: 6:02am On Jul 07
happney65:
When are you going to start frying Agbado too so that you can make 2.5 Million monthly

When abeg?
.
Go and start selling Kulikuli so that you will stop begging for food
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by expert234: 6:05am On Jul 07
datola:
Once you start making small money na house abi mansion you go build to announce your arrival so that the business will die in no time.
With 2.5 million monthly earning, owning a house shouldn't be a problem.

Owning a house doesn't kill a business since it is a form of investment.

Please, reason sensibly like someone who went to school!
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by engrchykae(m): 6:06am On Jul 07
The Tinubus knows something about Corn that the rest of Nigeria will never know.
The family is always talking about corn
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Allthingswork:
While I'm happy for her, however, I must add that she is not wise in coming on camera to disclose this. This " socio media " ehn... What it will cause to people in this generation...🤦
You don't like how you've been quietly profiting from your trade and going home with peace, innit? You know, or, have you forgotten how dangerous and volatile the country is at the moment? 🤦

It seems to me that this lady is setting herself up for a courtesy call/visit from kidnappers. Maybe even bandit-level kidnappers.
Even her fellow market colleagues may now envy her.

In all thy getting, get wisdom. Money isn't everything. It won't guarantee you safety in many situations that wisdom would. 🙂
Re: 'I Make N2.5million Monthly': Corn Seller Sparks Social Media Debate(video) by Allthingswork: 6:14am On Jul 07
simpleseyi:
.
Go and start selling Kulikuli so that you will stop begging for food
Can I beg you for food this morning?

Seyi Tinubu. Ejor nau
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