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What Is Your Worst Business Investment And How Much Did You Lose? - Business (11) - Nairaland

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How Much Did You Lose Trying To Return The Old Naira Notes To Banks? / Share Your Worst Business Experience / Share Your Worst Broke Moments Experiences In Life (2) (3) (4)

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 10:14pm On Nov 19, 2018
Ocon:
Bro, you mind sharing the videos with me or prolly guide me through.
I am about finishing NYSC service with nothing to fall back on.
Thanks

Hey man. Thumbs up on your service coming to an end. TIP: Save up the last 2 months Allowee. Don't touch it. Use it for business, bro.

You should see this post I made here when I still did blogging. the original site is down as I left it. as for the videos, I will send it to you in a flash drive. You only have to foot the shipping fee and the cost of the flash.

Kindly see this post I made once >>> https://www.nairaland.com/4431525/10-best-selling-most-popular-niches

2 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by gentlegenius(m): 10:14pm On Nov 19, 2018
noble71:


The image below is an example of stamped concrete.
I thought this is tiles.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 10:21pm On Nov 19, 2018
smiliyB:
pls can you put me through with the blogging business. I already have in mind a niche I'm interested in. thanks.

hi what's good? what niche do you have in mind? and pls see this post >>> https://www.nairaland.com/4431525/10-best-selling-most-popular-niches
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 10:26pm On Nov 19, 2018
Paulpaulpaul:



I'm ready to learn something that will change my financial status. I read from page 1-20 yesterday on that millionaire thread and got challenged. I believe the failures are mere clog

I read everything too as I always look out for the bad deals to avoid. Well, the first step is to have a laptop and an internet enabled phone. If you have those 2 down, you should be then start looking at the startup capital which should be anywhere around 50 to 150k. Not much when compared to the tradition brick and motar biz models.

Get these down and then we can talk more. today alone I got like 11 orders of a 21k product. And I'm still a learner in my niche

20 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by TechCapon(m): 10:26pm On Nov 19, 2018
hahn:








Wow. I was not even expecting hardmirror's thread to get to fp and I didn't anticipate so many people would be interested in my story.

You can add me up on whatsapp @ 08092960741 and I will create a whatsapp group and we can all help each other out.





I believe I told you before that I am not into blogging. I manage websites. You can contact me on whatsapp too make we rub mind.

You know I actually created a thread addressing SEO VS Paid ads but anything I add my website link I get banned undecided
I'll add you up. You're a good guy

2 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by doggedfighter(f): 10:28pm On Nov 19, 2018
Paulpaulpaul:
Bit more than I could chew in 2014. Just graduated, waiting for NYSC mobilisation and I borrowed money to set up a block industry in Abuja. The demands to pay back, my brother-friend lifesaving on the line and some other factors I still don't understand crumbled the business. I lost about 350k. I still live with the pain of losing someone's money.

Bought a commercial vehicle in Lagos in 2015/16 while serving but wicked drivers and personal carelessness cost me that too. Now in a private school doing A for Apple, B for Ball till I get enough capital to venture into another business. God help me

Hahahahah. Nobi small A is for apple.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 10:29pm On Nov 19, 2018
You see this guys, chrisvicmall (see pic attached), them done help boys life well well when it comes to importing stuffs from China. I hail una. Make I leak secret for una. Go and learn internet business if you no get money to start BIG BUSINESS

11 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by blackjack21(m): 10:29pm On Nov 19, 2018
hahn:


Chai. Absolutely terrible.

Like BIG said "Keep your family and business completely seperated. Money and blood don't mix like two dicks" grin

Sometimes it does; look at the Rothschild family for example.
only you have to recognize the ambitious people in your family.
I won't make the same mistake again

13 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Kutunban: 10:30pm On Nov 19, 2018
I've had numerous losses, I'm going to talk about the one I've tried to excel anyway.

I started goat production business 6 years ago with only theory knowledge no experience. I bought 45 red sokoto breed of goats and started feeding them without experience and professional to guide me through, I did online research about goat production business prospect and I got crazy information from online farmers who never owned livestock and couple with the fact I'm an animal scientist which I felt I'm good to go that was the greatest deceit I deed to my self.

To cut the story short I lost all the goats due to wrong management, diseases and worms and lack of good information. I lost over 700k Naira which include goat cost, so called consultant fees, feed and medications.

Note: I now have vast experience in goat farming with over 200+ matured female goats, over 80 bucks and plenty of kids too in my farm. I didn't give up and thank God for the support I got from my wife.

Never venture into a business without practical experience.
Don't be carried away by online bloggers who write crazy stuff about ROI

54 Likes 7 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by ibori1(m): 10:32pm On Nov 19, 2018
sircrabo:



Let me try your 2 odds broda, I had stopped anything Bet but I will like to give 2 odds a try. send number pls
swaggerguru u can add me on Facebook u will all smile few can testify on that


a topic was created abt a person begging for 2odds which I dropped 2odds for 2days and both enter for sure u can search for dt topic itself. skylane was d 1 who created d topic,search for ursef
Re: What Is Your Worst Business Investment And How Much Did You Lose? by makkosky(m): 10:34pm On Nov 19, 2018
embarassed

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 10:35pm On Nov 19, 2018
First of all, I started MMM around june/july 2016 with 20k....made profit, got some hooked on the system during the December break.. When it resumed by February 2017, I started again.. Made some profits and when the final crash happened, though I lost, it didn't pain me much because I made almost all of it through the system and not by my sweat.
Note: I bought lots and lots of cloths, accessories, finance my studies, spend lots of money on food and drink because It was more like a free money (Though I was/still working but MMM paid me more then). I don't know if I should count it as a loss or gain sef...

2 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by timkuro(m): 10:36pm On Nov 19, 2018
HenryDion:


I'm inspired by your story and trust me, you'll bounce back. The richest of a man is not in the amount of gold he has, but the richest in his mind.

I'm also running a site and i was doing so great until google new alogrithm hit me. I'm working more to bounce back to my feet.

Recently, I'm seeing great and fast improvement

Do you mind me contacting you?
Can I contact you too
Re: What Is Your Worst Business Investment And How Much Did You Lose? by ibori1(m): 10:39pm On Nov 19, 2018
oghenerunoh:
how can i get ur 2odd everyday


quote]swaggerguru u can add me on Facebook u will all smile few can testify on that


a topic was created abt a person begging for 2odds which I dropped 2odds for 2days and both enter for sure u can search for dt topic itself. skylane was d 1 who created d topic,search for ursef
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Ocon: 10:40pm On Nov 19, 2018
Purplekush:


Hey man. Thumbs up on your service coming to an end. TIP: Save up the last 2 months Allowee. Don't touch it. Use it for business, bro.

You should see this post I made here when I still did blogging. the original site is down as I left it. as for the videos, I will send it to you in a flash drive. You only have to foot the shipping fee and the cost of the flash.

Kindly see this post I made once >>> https://www.nairaland.com/4431525/10-best-selling-most-popular-niches
Thank you very much. I'll mention you when I'm ready to get d flash (allawee never enter cheesy)

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Theophinio(m): 10:43pm On Nov 19, 2018
Mtchew
I still regret mine til tomorrow
February 2016 we borrowed #850 which we gave to Folabi a football agent based in the UK on the ground that he would secure a football trial in Turkey for me.
He was introduced to us by a fellow player who plays in Cyprus after he came to Nigeria for holidays to watch my team play.
He then told me about the Agent Folabi who was with him in on ground to watch my team play
To cut the story short we were about 7 players he collected that amount from and brought Armenian Visa to us with invitation from a club called Ulisses who was heavily in financial crisis at that time. We goggled the team and found at their predicament, we queried the agent about taking us to a team in great financial problem, but he told us that was why they needed cheap players from Africa
Before we knew what was happening the club mailed us that we wouldn't be coming over again that they have fold up
Within a week the agent moved back to the UK promising to secure another club for us. When he came back from the UK 2017 without any invitation he promised to pay us back ll
We later used police force on him and also planned on using EFCC. He disappeared back to the UK

13 Likes 3 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by noble71(m): 10:44pm On Nov 19, 2018
gentlegenius:

I thought this is tiles.
no bro. It's stamped concrete.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by t0bbY(m): 10:53pm On Nov 19, 2018
Purplekush:
as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.

Then I started trying out new investments...

LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.

The painful part was not the 6 months of no income but the bad timing.

because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.

I was TOTALLY SCREWED!

I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her smiley

But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.

By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.

Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.

WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!

I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money.

I don't mind getting this video courses..pls I will really appreciate it if u can help me anyway.. let me know how best to contact you sir.thanks in advance
Re: What Is Your Worst Business Investment And How Much Did You Lose? by TeaY2(m): 11:04pm On Nov 19, 2018
Purplekush:
as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.

Then I started trying out new investments...

LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.

The painful part was not the 6 months of no income but the bad timing.

because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.

I was TOTALLY SCREWED!

I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her smiley

But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.

By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.

Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.

WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!

I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money.

I will be grateful if you can put me through your online business. Please give the the link where I can download those videos.
Email: teay361@gmail.com
Thanks
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 11:06pm On Nov 19, 2018
t0bbY:


I don't mind getting this video courses..pls I will really appreciate it if u can help me anyway.. let me know how best to contact you sir.thanks in advance

Hey t0bbY, email me. I don't do trainings again as it takes a toll on me. But I will see what I can do about the videos. I could send them over in a flash. and have it delivered to your addy using FedEx. But you have to foot the bills. Both the cost of shipping and that of the flash drive.

My area of focus is Digital marketing and importation
Re: What Is Your Worst Business Investment And How Much Did You Lose? by doggedfighter(f): 11:11pm On Nov 19, 2018
Purplekush:
You see this guys, chrisvicmall (see pic attached), them done help boys life well well when it comes to importing stuffs from China. I hail una. Make I leak secret for una. Go and learn internet business if you no get money to start BIG BUSINESS

Teach me abeg

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by nymphomaniac(m): 11:11pm On Nov 19, 2018
Hmmmmmmm....

Couple of tips:
1. Never use borrowed money to start a biz. NEVER! I USED MY SAVED ALAWEE MONEY TO START MY SIDE HUSTLE.

2. DELVE INTO A BUSINESS YOU ARE KNOWLEDGEABLE ABOUT. Although I am a lawyer, I have always been tech savvy and that's what inspired my side hustle. It's almost as if that's what I studied in school because I know a lot about it.

3. Invest what you can lose...I bet alot and I have lost about 50k in 2yrs on betting and I bet every weekend after forecasting for hours. What saved me? I disciplined myself and max I bet with it 50 naira...use 100/200/500 sparingly. It's what I can afford to lose and not feel too bad.

4. Patience/timing/luck can be the key sometimes. There is a high chance I may make a loss of 80k soon but I am being patient in the hope that fortune smiles on me. As a business man, u must be able to glean when to take a loss for the greater good or be patient and see if things turn for the better.

14 Likes 3 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 11:12pm On Nov 19, 2018
TeaY2:


I will be grateful if you can put me through your online business. Please give the the link where I can download those videos.
Email: teay361@gmail.com
Thanks

i already took down the download link and the site, as it was too expensive to keep it up and running. but then the videos could be sent to you in a flash drive. You just have to foot the shipping fee and the cost of the flash drive.

Meanwhile, see the post I made with my former moniker and get an idea of what I do here >>> https://www.nairaland.com/4431525/10-best-selling-most-popular-niches

The original blog post got over 90 organic shares in less than 48hrs
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 11:25pm On Nov 19, 2018
doggedfighter:


Teach me abeg

Which one you wan learn? Seey previous replies though
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 11:36pm On Nov 19, 2018
Great thread
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Priceless200(f): 11:38pm On Nov 19, 2018
My worst business loss is Alliance in Motion Global. AIM GLOBAL.. And of course PONZI.

Wasted money and time, even introduced to fam members who didn't make a penny. That's the worst part for me. Anyway, for me. Anything MLM, PONZI.. Never again. Never!!!

13 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by linearity: 11:41pm On Nov 19, 2018
yettymuse:
I've never made a bad investment. I'm always hesitant in trying my cash on new business.. It's safe to say I'm not a risk taker lipsrsealed

Nothing ventures, nothing wins....the old saying goes.

If you not in it, you can't win it.......and that is how life goes.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by mazizitonene(m): 11:43pm On Nov 19, 2018
Okay.....garrit wink
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Iyajison: 11:55pm On Nov 19, 2018
Ponzi scheme
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Izabel(f): 12:08am On Nov 20, 2018
was able to save 50k from a part time ushering job ,
Got robbed of it months back.

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