Kutunban:
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

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

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.

Avedonn:


Please I would like to ask some few questions regarding this business if you don't mind.

santakris:


You know it's illegal and government frown at it.

SFSNIPER:
How Do You Meet Such People? I Need Something To Keep Me Busy And Learning.

HardMirror:
This is in response to this wonderful thread https://www.nairaland.com/4852491/how-old-when-made-first

After going through the thread i realized that many had made money but lost all or a good chunk.

This is my own story.

Abattoir Investment

As a student in Futa, i usually patronized a butcher called Nurai at the abattoir behind Chicken Republic at FUTA Junction. The guy was very nice to us and always gave us extra meat to what we bought. When i had my first major breakthrough, this guy was the first person that came to my mind.

I gave Mr. Nurai 500,000 naira as investment into the business. The man lost all the money within a few months. I still like him and i know he did not do it intentionally but it was a big blow to my finances when i needed a backup source of income.

business agreement with a nairalander i wont mention his name, but i had an agreement with a nairalander, but i suspect he diverted the money into mmm. Long story short he still owes me 400k after refunding about 600k to me.

Ministry of works contract
Never take a contract during elections. Goodluck Jonathan awarded lots of contracts a few months to the 2015 elections. I got several road furnishing contracts November 2014. Unfortunately we had to borrow money to do the Job. Lost about N7million there. Government still owing us 54million (i did it in partnership with another company in Abuja) it was a massive blow and my worst mistake in life not just business.

What is your own story? Be honest and detailed so we can learn from each other.

akpumpy:
My Conclusions having read all the posts is that:
Once it is business, Trust no one !!!!!

movetoca:

Are you from Bonny Island like me or anyother riverine part of N.D?. If no Then you won't understand.

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

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.

gift01:
how profitable is the poultry biz

IamaNigerianGuy:


Evidently you like living dangerously and fyi none of these are investments; all are speculation and gambling. Good for you it turned out well in the end.

Wiinnd:
Baba, how you take win that bet9ja money? How much u take play am? Show me the way?

Leo10000:


Is quite profitable if you know how to cross your t's and dot your i's well
it's a biz u can double ur input within 2 months,dat is for broiler birds tho
still perfecting my skills in layers,not into that just yet

santakris:

South Westerner.

comedynaija:


Yes I can. send me your whatsapp number.

oghenerunoh:
bro pls share the link

Naijazure:
Hi bro,
I think I'm somewhat interested in your offer Whatsapp number 09021911394

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

Purplekush:


Which one you wan learn? Seey previous replies though

ezenwajosh:
Well earlier this year lost mine to BUHARIA AND BAD CORRUPT GOVERNMENT, CORRUPT JUDICIAL SYSTEM AND A PROVE TO ME THEY DELIBERATELY DON'T WANT NIGERIA TO MOVE FORWARD

I INVESTED IN ELECTRICITY GENERATION....

BOUGHT ENOUGH GENERATOR AND SOLAR PANEL TO POWER @LEAST A COMMUNITY AND GIVE THEM 17HRS ELECTRICITY A DAY.... I went to NERC(NATIONAL ELECTRICITY REGULATORY COMMISSION) got a permit and started generating just after a month EEDC lost that community to my own electricity... The next thing same NERC that gave me permit now came am ask me to get a LICENSE INSTEAD but their rule said u can only be given a license if you're generating enough power to serve a STATE but anything below that is ordinary PERMIT from them....I went to court nothing came out of it....and the LICENSE IS ABOUT #200,000 000

MY INVESTMENT WAS ABOUT #17MILLION

FROM THAT DAY I KNEW FOR SURE NIGERIA WAS NEVER DESIGNED TO PROGRESS.... ITS NOT ABOUT CANDIDATES OR PARTY its about the FOUNDATION ON WHICH NIGERIA WAS FORGED. I sold all my machinary, wires, poles and solar panels... And went back to CIVILIZATION and I will never step foot in Nigeria again till we get BIAFRA

WHEN KANU SHOUTS NO VOTING IT SEEMS ITS ALL ABOUT BIAFRA HE'S ACTUALLY TRYING TO GIVE YOU PEOPLE YOUR POWER BACK.... BECAUSE ALL THE POLITICIANS ARE THE SAME....ALL THEY CARE IS GET YOUR PVC... GET YOUR PVC LETS VOTE HIM OUT AND VOTE THE OTHER IN, AT THE END OF THE DAY.... THEY WILL ALL MOVE IN TO RULING PARTY AND RECONTEST... AM SORRY AM SOUNDING POLITICAL BUT ITS THE CAUSE 90% OF BUSINESSES HAS FAILED

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

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.

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

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.

maybachmusic:
Lost 15k$ to lending in crypto Also made more though

Thank God for forex trading

Issa $ life

seunlayi:

I just finished too, you first me to finish reading it all.

Purplekush:


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

seunlayi:
sure. I only read fp on nairaland but on this thread and the other million.... Thread. I read all

Amiblaize77:


I tell you but have recovered from the loss, Already making preparations for another

ibori1:




I'm done reading this share with me d other million thread plssss

chimoskyg:
Why my thought was I have been a bad loser. Seeing people sharing lots of experience made feel like I was a mere loser. So my first was 850k lost to some Fadama scheme in JOS just when I got admitted to Unijos. It was hell though, but I tried to go over it still hope it the pastor might one day pay back.
Second was, i try to gather a little during my 300L to open a barbing saloon which I updated here on Nairaland for the joy of having something, but it never achieved the aim because giving people your business to manage is way wrong in this part of the World . I learnt never to give a business for someone to manage.
So I have to sell it as low as 45k to encourage the guy who has been staying in the shop due to his status and his Mum want him engaged. The truth is I only got just 25k. Left all for for Godswill.
I delve into blogging it never sees the light of the day and I am so surprised seeing people sharing how much they made in a day in this same thread.

Finished service last year, still in the state I served. I have to get something doing, can’t afford going back knowing how hard it will be. So I am an agent to Bet9ja. Please good investor here I need a good and serious business to invest on.
I hope my little cent encourage someone out there especially those passing out of NYSC.

Pls a good genuine online buz, am interested.