₦airaland Forum

sholex020:
Hello ymodulus, I want to buy a second hand keke nepep, do u knw where I can get it in lagos. Hope to hear frm u. My email is raheem.akeem01@gmail.com

braindee:
@Ymodulus, can we discuss the Keke Napep importation please. I sent you a mail. Thanks

braindee:
Thanks for this information. I want to bring in some tricycles. How can we partner? Thanks

Charis15:
Y modulus please am interested in the second hand keke please I need your contact. You can contact me at thekingsdaughter86@gmail.com

I'm trying to quote all those in favor of the Keke business which i'll also love to be a part of.
Don't you think we could all come together and make arrangements for one group shipping.
We could make OP reference/contact point in handling this while we hustle for funding based on agreed arrangement by all concerned.

CC:
Sincere9jerian, naughtysite, tugrow, olaide721, icekeeng, oshikes, gap2020, topsnet, lymelyte, millionboi, ymodulus,

Ymodulus:
List of Business
1. Mai Shayi Business ( Indomie Joint )
2. Mai Koko / Kosai Koko (hausa ) Akamu (Yoruba ) Pap (English )
Kosai ( Hausa ) Akara ( Yoruba ) Beans cake ( English
3. Importation contract Business ( Political contracts - my experience )
4. Yam Business
5. Keke Napep Business
6. Transport Business
7. Currency Business
8. Questions and Answers

please can i have your phone number please

Ymodulus:
no challenge bof suchm

Truck drivers do the transporting.

Wat abt d marketing sir

Kajiang02:
I'm trying to quote all those in favor of the Keke business which i'll also love to be a part of.
Don't you think we could all come together and make arrangements for one group shipping.
We could make OP reference/contact point in handling this while we hustle for funding based on agreed arrangement by all concerned.

CC:
Sincere9jerian, naughtysite, tugrow, olaide721, icekeeng, oshikes, gap2020, topsnet, lymelyte, millionboi, ymodulus,

Good idea

Thread of the year!

CC: Seun Lalasticlala Obinoscopy Mynd44 Mukina2.

Kajiang02:
I'm trying to quote all those in favor of the Keke business which i'll also love to be a part of.
Don't you think we could all come together and make arrangements for one group shipping.
We could make OP reference/contact point in handling this while we hustle for funding based on agreed arrangement by all concerned.

CC:
Sincere9jerian, naughtysite, tugrow, olaide721, icekeeng, oshikes, gap2020, topsnet, lymelyte, millionboi, ymodulus,

Also interested in getting two second hand keke napep, so pls add me to d list...and how do we intend going about it?

Rooneyboy:
Hi bro , tried communicating with u , funny enough I've misplaced ur nub , I used to have it back then when u were in that data sales bizz , I bought airtime from u on some occasions......

I look forward to doing bizz with u "currency bizz" , where do I come in

Finance shouldn't be my problem, clients also, "atleast from Nigeria" shouldn't be a problem I've got loads of contacts in alaba international mkt and trade fair respectively, these guys import goods every other month.

My only fear is in the area of trust , "trusting ur chinese client 100 percent" cld be risky.

What if one sends in cash to ur chinese partener for a trailer load of goods and ur chinese partner disappoints (disappears).

.... We need to talk man

Nice work Mr Young, my biz mentor

Mr rooneyboy, I'm in lagos trying to locate trade fair, but a friend of mine told me he was only aware of the first Friday of November trade fair. but i heard there is a trade fair in Ikeja or thereabout that operates everyday where one can get goods even cheaper than cost of shopping from China.
Can u give me the description in locating the trade fair?

Ymodulus:
[size=18pt]The Currency Business[/size]

The currency business, is the best business I have runned till date. And still running. In the currency business. It's the best thing ever to happen to my life.

Story
When I first start the currency Business I lost 1,126,000 and had to settle back using my savings.

The Idea

Funny the best business ideas I worked on, where all gotten when when driving. I started the currency business last year around September.

I noticed then that, a lot of Chinese importers pay as high as 245 naira per dollar to import goods or send money to china. This is the black market rate of the dollar.

Failure
I thought to myself why can't I generate a way to send the dollars to china at a very cheap rate? Then I tried and I and a nairalander who schools in china TdayoF we both agreed to send money via money gram. It backfired. I did another it backfired I lost heavily I ended up using the returns from my car to settle up my Chinese clients. I lost N1,126,000 approximately.


Some days later I heard on Nairaland from a close nairaland friend who I introduced into the importation business ( Jeff1506 ). I heard from him that a bank by name stanbic bank charges N199 / $1 to pay online. Then I quickly contacted my friend shinaf ( my business partner. Trusted, even though we have never seen till date ).

Aliexpress Platform
We contacted a Chinese friend , who is a Chinese. We told him then that we will pay for items on his store using our Naira Master Card. And that if we pay for an item, we will confirm the order and he uses the money to pay into any Chinese local account.

Note! Aliexpress requires 15 days after which orders are confirmed for seller to get his money. But we wanted the payment to be daily and so we needed someone who can trust us and will use his money pending the end of 15days.

Our seller was the right guy. He is very rich, as he has done official jersey and contract deal for Barcelona Fc , Under 23 Argentine football club, he runs other business.

Mathematical Breakdown
If we pay for an item of $1000 on aliexpress this is how the payment goes.

Chinese local Account = $1000
+
Aliexpress 5% = $50. ( those who are familiar with aliexpress knows that aliexpress takes 5% of any payment as profit. So I and my partner catered for it )

+

Chinese partner 1.5% = $15.

Total = $1065

Now when we want to pay into any Chinese account the sum of $1000 we will pay online $1065.

Now

$1065 * 199 ( stanbic rate for dollars as at then ) = N211935 / $1000= N211.935 / $1 ( exchange rate).

This means the rate at which the dollars gets to Chinese local account after all addictions and all expenses is N211.935 per dollar

Selling the Dollar

Now as at that time the Dollar in black Market is N245 / $1. And 98% of importers use black market rate.

In Lagos if you want to send $1000 for example and the rate is 245 per Dollar. The sending company charges you N3 per each dollar as sending fees. This means you are actually sending at N248 per Dollar.

Innovation
I and my partner sold ours at N235 / $1 . lol! We crashed the market and this got our phones buzzing.

Who were our clients?
When we started my partner shinaf ask us to focus on Nairaland Business. I refused, we even had misunderstanding over this. I told him that I want our customers to be the rich. Then he called me over ambitious fellow. So I made sure I handled marketing of the dollars. I used my connection with owners of big shipping companies in Nigeria and told them what I do. That way we sell to them N235 and they sell to end users 248. We build up our clients base.
Some of our clients include.


***** Redacted ******


Issues
* Every Stanbic card then had a limit of $5000 per card per day. And we always needed to pay up to $20,000 a day. We had to contact some nairalanders, and use up their limit for that day. If we contact a holder of stanbic and uses up his card limit for that day we give him 2Naira on every $1.

This means we pay the nairalander N10,000 just to load his account and make payment online. Our trusted fellows were jeff1206 and one other nairalander.

We had 4 Cards Every day we pay $20,000 online.

Now profit.

For every $1000 we send to china we gain this.

Our selling price = $1000 * 235= N235, 000
-
Our getting price= $1065 * 199= N211,935
=
Gain. = N23, 065

We gained N23,065 per every $1000. And the lowest money we send a day is $3,500.

Note at worst, when we say we there is no market for that day we send $3,500.

So we continued like this in a day we made roughly N60,000 worst case scenario.

Funding
We started with N734,000. All Investors were nairalanders who I have done business with on close level.
We gave them 10% of their income at end of month. We never got to month end. At 3rd weeks we refunded all their moneys. And interest.

Sad Storie

Banks began misbehaving with the cars daily limit been $300 per day and rate going so high with black market rate. There was no way we could keep up. We withdrew and relax.


[size=18pt]Currency Business part 2[/size]

During December, we got a means where by we can send Dollars at a very cheap rate to china, the dollars arrived china at a rate which gave us a margin profit of *** Naira

We made use of the opportunity and continued sending. We still made sure our clients were the rich and big guys. We still sell more.


In currency business 2. Some nairalanders where part. I employed some on contract basis of N4,000 a day. Also thanks to my close Banker friend who is also a nairalander. Thanks for your daily assistance. He gave us all necessary help and if I am to say he has like 30% of the business .

In currency business 2, we are making far far more than pattern 1.


[size=18pt]January 2016 and new way of currency Business[/size]

Due to the cbn regulations, my partner and I got to search for new ways of sending and we didbgot one.

We got a company in Chicago and new York that sends money for Nigerians to Nigeria. But they had a fault. When Nigerians goes to pick their money they get paid at bank rate of N198 / $1.

We cashed in on this contacted the company through someone I know ( its like person connect us to the oga at the top ). We told the company we can pay them at higher rate. They agreed.

So if they are to send $10,000 today........ ***Redacted ***

Now all we require from them is to send our money directly to china. We cater for charges and all and our Chinese agent picks the money and keeps in his account for us.

This company now use us very well. And we do at least $2000 every day from them. And we make going to N80,000 from the deal.



Competitors and Progress
At this point in time. I am now the official money transfer agent for 3 companies.

*****redacted ******

Success

My rate still outshines all. I play and underground facilitator while they shout to take the credit. But am happy as long as I make money and they make money.



***Photos***
I sent my seller $3749 on Dec 30 via our new way Currency 2.0

***second screenshot today: I sent our seller in china 983 from the united States of America.

His gain is $15. See him doing subtraction. We sold the $983 this afternoon around 1pm. Our gain is around N46k to be shared by my partner and I.


[size=14pt]Sorry I had to ensure that I don't release sensitive informations about this business, so I couldn't go into details about means and how I sent them. It's best it remains this way.[/size]

Bros, we need to talk, I am based in Kano. We think and act alike, I am into large scale importation and equally building a new factory in Kano. We will be importing tons of raw materials in the next few months. Send me just your mobile no. to nnanna33@gmail.com, we can pick the rest from there. Thanks

falansa:
Nice work Mr Young, my biz mentor

Mr rooneyboy, I'm in lagos trying to locate trade fair, but a friend of mine told me he was only aware of the first Friday of November trade fair. but i heard there is a trade fair in Ikeja or thereabout that operates everyday where one can get goods even cheaper than cost of shopping from China.
Can u give me the description in locating the trade fair?

Trade fair is along badagry express way ,

After mile 2

Ymodulus:
Sent to your diamond.

Bye

please is dere a particular way I can reach u.. I would love to discuss d prospect of buying stuffs from you. u can send me ur pin or no to benny.edun@gmail.com

Ymodulus:
**** edited ******

Bros kindly send me your contact.I need to speak with you. iamjaido@gmail.com. thanks

Rooneyboy:
Trade fair is along badagry express way ,
After mile 2

Thanks... well check them out.
So there is no trade fair that operate everyday in Ikeja?

falansa:
Thanks... well check them out.

So there is no trade fair that operate everyday in Ikeja?

My friend, dem don tell you say trade fair dey for Lag-Badagry, after Abule Ado bus stop heading to Iyana Oba area. Which one you dey ask again?

falansa:
Thanks... well check them out.
So there is no trade fair that operate everyday in Ikeja?

No sir, there's no such thing.

please i'm also interested, how do i join or go about it, here are my details abiolaajibike@gmail.com mobile no:08037630018

Ymodulus:
1. Aliexpress owned by AliGroup charges 5% of every transaction on its website. A break down if the 5% shows that 1.2% Goes as tax to Chinese Government and 1.5% goes to Hong Kong Government and the left over to their purse as source of revenue.

So that burden is placed on any buyer. However with new Hongkong laws the tax will be slashed this year, if the company adjust its 5% that is left for the company to decide.


2. The American Case: A simplified version of how it works. Americans want to send money to Nigeria, if they do, the Nigerian recipient gets 196/$1. But we cash in on the opportunity and say, don't send to Nigeria. Send the money to china. And we will pay your Nigerian clients.

I.e

America ( company ) send to China.
Nigeria pays The intended recipient.

So all transactions between the law.

Another way, we buy a well known oil coy. And they send over there. This some Nigerians do.

Thanks bye

pls i sent u request on bbm. i really need to talk to you. my pin is 7FD04164 pls kindly help a brother.

Ymodulus:
Lol. Hahahahaha.

You are so funny. Lwkmd. Crazy dude

Ymodulus, greetings, sent you a PM Request and also had you on BBM recently buh your no longer on ma contact list. My BB ID is 5C32928F, you can add me up. We were talking in the past, if you can remember the dude that was working at Federal Polytechnic, Bida. It would be a pleasure

pls i would love to get in touch with u Ymodulus
im very much interested in getting to know you
these are my contacts 08077163379 awaikos@yahoo.com
thanks

Kajiang02:
I'm trying to quote all those in favor of the Keke business which i'll also love to be a part of.
Don't you think we could all come together and make arrangements for one group shipping.
We could make OP reference/contact point in handling this while we hustle for funding based on agreed arrangement by all concerned.

CC:
Sincere9jerian, naughtysite, tugrow, olaide721, icekeeng, oshikes, gap2020, topsnet, lymelyte, millionboi, ymodulus,

I'm in.

falansa:
Nice work Mr Young, my biz mentor

Mr rooneyboy, I'm in lagos trying to locate trade fair, but a friend of mine told me he was only aware of the first Friday of November trade fair. but i heard there is a trade fair in Ikeja or thereabout that operates everyday where one can get goods even cheaper than cost of shopping from China.
Can u give me the description in locating the trade fair?

The place is called computer village.

yusufobinna1, i completely understand your reasons to resign, but i would advice your to get at least 2 other stable source of income before you do, note that most if not all of the businesses the op stated did not require him being there 247, you can continue your job and manage some other businesses then when your are solid (financially) you can resign and then venture even into more businesses.

yusufobinna1:
@ euromilion I love your spirit,just that things are so hard in d country and d best way to survive is to be self employed I.e when u float ur business there is more to it than to work under anoda person for life without achieving.
I hve always wanted to be my own boss from my university days but u must work for others b4 u can work 4 urself,the main problem is capital issue there r many bis to run.

Ymodulus:
[size=18pt]The MTN DATA BIZ.[/size]



I did this business, I started with a mairalander MarcJoe and later we went our ways. It made us even more successful individually.

The Data Biz is very profitable. I do get a 75Gig of Data then for N52,000

I then sell 1 Gig for N1,000. I sold on nairaland. I slashed my price. I always finish N75Gig in two days. This means a profit of roughly N23,700 - N25,000 ( excluding all phone calls and personal gifts and data's. ).


I later stopped the business when Mtb limited the Number of Shares to 10.

I sold my data on Nairaland and several people here know that


Now the Data Biz is not a crowded market. Too many sellers.

However it does not mean you can survive. April this year if all things goes through I will be selling data via a special USSDN. Everything still 40% on way.

Now to invest in the data biz today requires N10,000 and you get to sale for N1,200 and get a profit of N2,000. If you fast you can sell 3 Batches of 19Gig making 6,000 a day.



Cc: MarcJoe ( my elder man ) , Octavo ( Boss / Papa ), IzikJohn ( Supplier ).

I have gone through your works and am really impressed regarding the sale of Gigs on social networks how do u get your cash?Is it usually pay b4 service or vice versa.

Ymodulus:
I don't have an eBook. And don't see a reason to create one

Good day bro,
Please do you have any idea on agric produce exportation or export brokerage? if yes, please reach me on cyreischrists@gmail.com
Thanks in anticipation for response.

Funny... You are happy with your salary

euromilion:
My friend pls do not quit your job just by reading success story o,remember this entrepreneurs are born,not made.everyone can't be entrepreneur o.

Can anyone send me d bbm, number or email of ymodulus. Thanks

Hi modulus I need up to 10000 USD urgently and have been searching inland for your contact. Call or flash me let's do this transaction and talk about other opportunities. Am based in Onitsha and have talked to some persons about you. Call or flash me its urgent
08064369693

Ymodulus:
Hmmmm

Boss kindly drop a means by which I can reach you, I really need to talk to you bout something asap concerning tat yam business
Call/whatsapp or igbalisamuel@gmail.com anticipating ur possible and earliest reply.

@Ymodulus. At what Exchange rate do u sell for a $20,000 payment to China.

hardeywhale2 get in here

How do we go about this?

Kajiang02:
I'm trying to quote all those in favor of the Keke business which i'll also love to be a part of.
Don't you think we could all come together and make arrangements for one group shipping.
We could make OP reference/contact point in handling this while we hustle for funding based on agreed arrangement by all concerned.

CC:
Sincere9jerian, naughtysite, tugrow, olaide721, icekeeng, oshikes, gap2020, topsnet, lymelyte, millionboi, ymodulus,

@Ymodulus. Did you send me a mail? I saw a notification about an email you sent to me. But i'm suspicious of how ur name was written(ymOdulus) and not enough content/topics to verify ur persona. So i decide to enquire if you're really the one.