₦airaland Forum

ishowdotgmail:
Come help me out with my restructuring sir. Your email?

Priceless200:
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!!!

1Ronaldo:
.Won't really call it business sha and also, am not d business kinda person...
I already contriburlted in the other thread.
And the lost wasn't too big cos I could do without it then...
Lost 50,000 naira from my account on betting on 2 odds... Over 1.5 man u vs sevilla first leg...
Next one was losing 40k last two weeks atletico Madrid vs Dortmund (gave Dortmund 2ahead)... This one was actually a rollover kinda money so wasn't as painful as d other one...

Tried selling my lenovo laptop to a friend for 80k.. He said he was gonna pay me in a weeks time but that I should first give him d system... Baba said system was stolen. Mum n dad said I should just leave him.


Modified: how can I forget Hernandez gaisha that duped me of 125,000 thousand last two months on fixed games.

hahn:
Bait?

Izabel:
was able to save 50k from a part time ushering job ,
Got robbed of it months back.

Ourown:
I was freelancing on fiverr for over 3 years and I saved around #3m. I invested and loss #2m to Forex trading.... I nearly run mad.


God has been faithful Sha. Adupe

zicoraads:
I met this guy while I was serving. We became pretty close because we had a lot of things in common. And we were staying in the same room and finished from the same school. He told me about a business he started while in school, but due to some family issues, had to make use of the money earned and all. It sounded good, because before now, I had heard about people buying yams from Niger and Benue states and selling them off in places like the South South region at huge profits.

The fact that I was familiar with how costly and cheap yams are in these places made it seem like a very good ides to follow.

Long story short: I collected 200k from my sister and put in 300k of mine. Traveled to Niger and bought yams from a village along Lapai road. We traveled with the truck and met a guy in Effurun, whom he said was the person he always sold it to. Spent about a week in Delta state and sold everything, with the profits coming being about 200k, after expenses and whatnot. Got 300k and added to everything we had and came back to Niger to buy more.

Couldn't follow them back due to other factors that were beyond my control. Lost about 1.3 million altogether on his way back. He said he was robbed. But up till now, the news and the numbness of it never made me ask follow-up questions to the bloody pictures I saw.

I didn't quite recover from that for a long time.

grossintel:
Cryptocurrency, it's not easy holding anything right now oh, I'm still buying more crypto assets even as it's all red . But my Biggest loss in business was 4.2m when I bought one usless ico Mtchewwwww.

Then oil, 1.4m when I bought dpk and lost.

Onyejemechimere:
What do you intend doing with it, say I send it back?

ShenTeh:
Between my wife and I, lost over 12m in MMM.

Say what you like, but I have learnt my lessons.

2. My friend and I wanted to build a mini estate on a 6 full plot of land, based on speculation. Gave 2/3 the money for the purchase of the land to my friend. He was expected to add the 3rd and pay up. Kept in touch, did several trips, saw the land, secured it and had the plans drawn.

Two years later, the land was gone! Selling family told me, my friend payed for only ONE plot and never showed up with the balance. So, they have sold the land to someone else! We could come back by next week for the money we deposited!

My friend was there and sweating under a/c. Me, I couldn't breath properly. The land was already selling 3x the price we bought it 2 years ago.

We are still friends, but I am wiser.

hamrad:
Please can you teach and give me mentorship? if yes lets go private

Dollypizzle13:
wawuu. I'm a newbie in cryptocurrency and I learnt that you can never lose your money and that if you do you'd still gain the amount back if not double. Is that true? And have you earned your money back?

maiyee:
please I need guidance on treasury bills investment,and the best bank to buy from.

Ibrahim505:
There is thread for Tbills here in NL. You can go and scroll down the entire postings for your benefit. Or simply download the iinvest app to start investing from your comfort zone.

Purplekush:
Yes you're right. I do weight loss and beauty. But then it's not much about the niche, its what you do in the niche market that counts. I have lots of friends in the health niche who don't see a dime. Have others doing 6-7 figures monthly in it too. I really don't do trainings anymore.

I need to hit my first 100m per annum before I open this my mouth and tell someone "here is how to make money online" again.

seegi:
wow. what a nice thread. am here to Learn cuz am an aspire Entpreneur(Netpreneur tn b precise). as a struggling student i do many sort of business (hustling).
but a business i always do is buying and selling of phone. but i go bankrupt recently after i buy a phone then it was stolen anoda one is buying a phone wit d hope of selling it get some cash to survive as usual but d phone get fault bynd repair. even am typing dis message with a JAVA Phone am left wit cuz i loose all my money on dat phone i still owe some people moni.

So plz i don't mind if any one can volunteer to mentor me on all dis online buz(dropshipping and co) and my major challenges on pursuing dat dream are no adequate knowledge, and i dont ave d required gadget (Phone and Laptop) i dnt mind help from any one. thanks

ibori1:
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

nextstep:
This is a repost from one of my projects, back in 2016. I was building a 100% solar-powered hostel for students, because we wanted to show that it could be done. It was experimental, but and at one stage the problems and money lost to many factors was about 2.8M. https://www.nairaland.com/2583312/building-solar-powered-hostel-learning-experience/4#47018143

In summary, we dealt with people vandalizing and breaking buildings, wasted materials, omoniles, paying twice for land, police taking money but not doing anything, LGA people stopping work, I got a cutlass on my arm (thank God it wasn't too bad), and so much more. The most memorable that I lost money was for:

1800k - land (paying twice)
400k - police issues/security
200k - misc mistakes by personnel
150k - roofing mistakes
240k - 2nd payment to LGA (didn't get a receipt the 1st time)

So, in addition to the reasonable costs of building (which includes land, tax, youths, materials, labour, transport), the overruns caused by all our issues is about 2.8M

That 2016 I really suffered enh... my life savings gone, with no sign of relief. I could not continue anything for over 1 year, but thankfully, things are looking up, and we're building out the estate this year and next. I don't consider it a whole loss, but a temporary setback.

I also got into a mini-importation business with a reputable Nairalander... I would import small electronics for hobbyists (Arduino, circuit boards, multimeters), and they would store in their warehouse. Customers would order from my website, and they would use their logistics to send to the customer. We made a few sales, but things were slow and didn't really pick up. About N700,000 worth of materials remains in their custody, but that person is no longer returning my calls or emails. I didn't even see the money from the few sales we had, and I have to write off that loss.

On two occasions, I lent 500k each to two different ladies, one to start provisions store, and another to be selling drinks. These were honest young ladies that people could vouch for, so I did my homework. Unfortunately due to personal circumstances, they had to use their profits for personal matters (hospital, helping their mother, etc). 2 years later, I'm still waiting for the loans to be repaid. I'm still hopeful, but this is yet another loss.

To total these major investment losses: 2.8 + .7 + .5 + .5 = 4.5M not counting other smaller business attempts that failed.

LoJ:
Wow.

I have never met a great entrepreneur that never made a bad investment. You must be very wise... Or very lucky.

maiyee:
please I need guidance on treasury bills investment,and the best bank to buy from.

spiritedtete:
Trusting and investing in people and their businesses

Lost 1 m USD
80m naira
30m
16m ... And the least goes on and on down to even 150k.

Never will I trust anyone with my money Never not even my Father (even when I know his is a good man)

This thread just brought the anger in me.

Awon oloriburuku!!!

Quorax:
lol, I am that kind. I only invest what I can afford to loss at first, then I increase the money gradually...

People talk about losing money to contract, I would never loss cos I don't intend to do business with government, at least not now and if I am gonna do business with them, they have to pay upfront...50-70% before we proceed such that the upfront fees will cover capital needed to execute...

spiritedtete:
Trusting and investing in people and their businesses

Lost 1 m USD
80m naira
30m
16m ... And the least goes on and on down to even 150k.

Never will I trust anyone with my money Never not even my Father (even when I know his is a good man)

This thread just brought the anger in me.

Awon oloriburuku!!!

twlover:
Poultry Farming.

I invested approximately N12m in building a poultry for layers. Mistake I made was I buying 1 Acre of land which cost me N4M to fence, built Pen house with N3.5M,built a 5 bedroom farm house with about N3m, constructed a concrete scaffolding (with 2 standard rooms, one as store the other as Gen. House) to mount the water tanks for N1.5m

Having done all these, I struggled to get 600 layers, the rest is history.

I have put that property up for sale

Interested buyers are free to send me PM

spiritedtete:
No matter how your study.. when you do it with people you will end up regretting... My lesson so far... "Be in control"

LoJ:
If indeed you are a great entrepreneur and never failed in any endeavors, then it's admirable and receive my congratulations.

However you seem to imply that failure is always th result of a mistake or lack of diligence. Which is untrue. The world of business is constantly changing and sometimes so unpredictable that you can do everything right and still have a failure.

Failure is not the opposite of success like people think. It is actually a huge part of it. Most great business men you can think of, failed at some point in their journey.

But like I said if you truly do business at considerable level and never failed then it's good for you and I applaud your wisdom and foreknowledge.

sekundosekundo:
A friend begged me to allow my shipper add some of his goods in a 40ft container.....it turned out that the items they added were all country Bound,.....container seized.....me arrested.....#10.3m down the drain.


I have never been shocked in my entire life than that period.