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What Is Your Worst Business Investment And How Much Did You Lose? - Business (22) - Nairaland

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by timsucess(m): 6:45pm On Nov 22, 2018
Toks2008:

Honestly I am not the right person to ask cos I failed in it.
It doesn't mean you won't succeed but do your due diligence very well.


I understand but you can still guide me you have better experience tell me where u failed and I will avoid such mistake thanks
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Ademat7(m): 8:09pm On Nov 22, 2018
ezenwajosh:


Its actually a very tricky business that involves alot of regulations and monitoring.....people pay according to their consumption... Its from 3k a month to 5k... 17,hrs daily.... I bought a device from China that we set after we had checked what you intend to use once you plug more than you paid your light trips off
this is innovation at best. I feel like crying after hearing what u've faced
What a country!
Re: What Is Your Worst Business Investment And How Much Did You Lose? by whitering: 8:25pm On Nov 22, 2018
First in history I have followed a thread till the end. Kudos to everyone who made out time to narrate their different ordeals.
Never start any biz with a loan. Trust no man in business. I repeat trust No man. Not even your parents nor siblings. I lost 300,000thousand naira in 2006 in a wonder bank. Courtesy, a family member. Anytime I see the receipt among my documents, I get electric shock all over my body. From experience, the only sure investment is to buy any genuine landed property .

26 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by whitering: 9:40pm On Nov 22, 2018
sad
Re: What Is Your Worst Business Investment And How Much Did You Lose? by WilliamsNedd: 9:49pm On Nov 22, 2018
whitering:
First in history I have followed a thread till the end. Kudos to everyone who made out time to narrate their different ordeals.
Never start any biz with a loan. Trust no man in business. I repeat trust No man. Not even your parents nor siblings. I lost 300,000thousand naira in 2006 in a wonder bank. Courtesy, a family member. Anytime I see the receipt among my documents, I get electric shock all over my body. From experience, the only sure investment is to buy any genuine landed property .

What kind of loan? Loan from friends or loan from mfb? Because I am about starting a biz now. I can say that 70% of the start up capital ain't mine. It's coming from my friends. What say you my dear friend?
Re: What Is Your Worst Business Investment And How Much Did You Lose? by NaughtyNavami(f): 3:12am On Nov 23, 2018
grin grin Hello everyone
Let me too share my small story on bad investment.


So early last year, when I was in 100L my small 18 years old self heard about naija taxi, and how you can make 15k every month if u put some small thousands of naira ��

And my aunty just sent me 10k., naso I put 5k into naija taxi, before one month reach, naija taxi closed down oo.

I did not see my 5k again ��.
Wo hunger flog sense into me for the next three weeks, to make matters worst my mates con dey laugh me �� because I told them that I would soon gain financial freedom.
Well I did learn two valuable lessons
1) Never invest in a business u know nothing about.
2) Don't count your chicks before they hatch.

God bless us all oo

26 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by 00Ademi(m): 7:18am On Nov 23, 2018
Pucibit:
Let me add my losses too.

Lost 3000$ to a guy who I gave money to run a promotion for me.

lost a huge amount of money to pepper farming this year... the soil is diseased. pepper were spoiling before harvest.

lost 1200$ when I lost my phone that has my blockchain app which I open only with fingerprint.

Getting back on my feet with crypto trading. I have a whatsapp group where traders discuss and network. the bear market gave me much.
can you pls add me to the group
Re: What Is Your Worst Business Investment And How Much Did You Lose? by lemmyBE: 12:01pm On Nov 23, 2018
muntaree:
Hi everyone

I lost over 1mil in Cryptocurrency trading when I was a noob in the game.

I have gained over x6 of the lost now.

A word of advise for Crypto guys here:

Learn the basic TA such as Bollinger band, RSI and MACD.



Learn Price actions, resistance and support strategies.

Don't be greedy, always take profit no matter how small..

Don't contact anybody here, the YouTube is there for you to learn.

I wish you all the best.


Anybody dabbling into cryptocurrency trading should just follow this advice. I'm always disturbed when people say they loose money. One thing I know is you loose when you can't hodl anymore and sell below your entry point. Oh, well, except you bought into some shady lending, betting ICO last year grin

Investing in YouTube tutorials is good. A 1 gig sub will get anyone started with some videos on anything they want to know.

Thank you for this, bros.

4 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by apureclient(m): 10:10pm On Nov 23, 2018
[quote author=Generalkorex post=73104192]I made money from redesigning blogger blog for people, I charge very low compared to what those big names charge, plus the one I made from my saving then,I was working as a teacher and do extra lesson too.l invested in liberty reserve earning Small Small from buying at I the rate of 160 and sell for 165/dollars.It was going smoothly,then a friend introduced me to a platform where you can transfer liberty reserve fund to payza acount and earn profit.it was making sense at first until i transfered 3k liberty reserve. and feu the company disappeared.the guy i was buying the liberty reserve from his hand said he saw it coming but his selfishness to sell his fund didnt allow him to caution me.My money, My brother's money all gone.



While I was still trying to track the website liberty reserve closed down cry

--------------------------------------------------------++++++
I bounced back made some money from Mtn magic sim then. I was selling magic Sims and also selling the guide.I was only 18 years then.I want to study abroad, I sold the blog for almost 100k,add some money from my savings to it only to lose d money to travel agent. The greatest mistake I made was selling my blog and some domain name.I almost cried writing this. Never made such money since then.I pray I bounce back. I have learned a lot sha.experience they say is the best teacher[/bros be strong karma will finish dem]

2 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by apureclient(m): 11:02pm On Nov 23, 2018
Lost 5k to voguemansion an instagram service you guys should be careful they are scam
Re: What Is Your Worst Business Investment And How Much Did You Lose? by apureclient(m): 11:14pm On Nov 23, 2018
Pls have been reading comments on how people have been loosing loosing loosing me that have not seen 1million naira in my life and someone is loosing 12million ah ah you people should. Come and invest in my fashion brand pls check it on instagram its called paulclaimer

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by apureclient(m): 12:23am On Nov 24, 2018
Some Nigerians are useless people o..after dey will say their is no job .. have been reading post since and I saw the one that the man said he bought vehicles for some people to do balance and take and till today the drivers could not give good accounts and they just jeopardize this mans investment.. the idiots now Will be shouting their is no job ..going from church to church. Its karma that Will finish all of them awon oloriburuku that will not allow rich people to invest in we that have passion. Rubbish!!!! Sir God will bless you again .. he always does . I would have quote your comments but am still learning how to use nairaland tools. God bless Nigeria

13 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by sirdwhy: 10:02am On Nov 24, 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 am really hoping to find something i can do online and won’t mind learning from you. You mind sending me your number?
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Purplekush(m): 12:50pm On Nov 24, 2018
Gmajor:

I'm interested in the video. Why don't you upload it on a cloud like mega or Google drive and then people who are interested can pay for it?
How large is the file?

It's more than 5 Gig. I'm trying to compress them. I should put up a post today on how to get the videos. To be notified kindly follow my moniker, bro

1 Like 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by seegi(m): 9:32pm On Nov 24, 2018
HELLO. Please am using this opportunity to inform the Masters in the house that deal with mini-importation or any other job that have to do with delivering of product to your customers Nationwide am bringing it to your notice that i can serve as your AGENT in helping you to deliver your product to your customers in Ilorin and Kwara state at large bcus thats where i base, am looking forward in having a positive result here, THANKS.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by vecman22(m): 11:38pm On Nov 24, 2018
karferguso:
I had a mild loss this year
I imported some iPhones earlier this year to reselll but mumu me did not do due diligence on their unlock status. I ended up buying 3 locked phones spent like 60k+ to unlock 2 of them. I sold the last one like that. All in all, I made loss of around 20k and that’s because I bought very cheap if not, I for hear am. But I understand that was a learning curve. Hopefully, I won’t make that kind of mistake again

Bro please I would love to this cheap iPhone too..please can you show me how..please
Re: What Is Your Worst Business Investment And How Much Did You Lose? by vecman22(m): 12:10am On Nov 25, 2018
Connoisseur:
2014: Lost 4m in fast food business
Feb 2016: Lost 1m in the cashew business.

Sept 2016: Lost $43,500 at the heat of the dollar crisis
I exported containers of garlic through a contact from Nairaland, buyer refused to pay. The containers still sit at the port of Karachi as at this time.

Feb 2018: Lost about 8m in the lead ore business from another guy here on Nairaland. Story for another day.

It might seem like I am careless, maybe I am. I make it as fast as I lose it. As long as my head remains above my shoulders, I will keep moving.
Stumble, rise #keepwalking

Bro please can I get your contact I would like to ask you some few question about exportation
Re: What Is Your Worst Business Investment And How Much Did You Lose? by vecman22(m): 12:55am On Nov 25, 2018
ibori1:



hope u do stake high



2odds. 12258999 merrybet


d last I will drop here,all I will mid from did game it's just airtime .
bcus I stake it too




sure and safe u can never loss ur money few can testify

Bro can you add me up on what's app..08137409145
Re: What Is Your Worst Business Investment And How Much Did You Lose? by vecman22(m): 1:05am On Nov 25, 2018
Krak:


For your info I play my own games thoroughly researched by me and I have been smiling. The winning rate of the best punters in the world is not up to 70 percent. What makes the difference is proper money management.

Take your games away no one needs them here. Bye Bye.

Bro please do you have any pattern that works for you in betting?
Re: What Is Your Worst Business Investment And How Much Did You Lose? by vecman22(m): 1:06am On Nov 25, 2018
paullo240:


I have some iPhones to sell

Where did you buy from
Re: What Is Your Worst Business Investment And How Much Did You Lose? by QDubz(m): 7:08am On Nov 25, 2018
This thread is the best thing that has happened to me in 2018.
Now am wiser, 22page of how to be a successful enterpreneur,

4 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by lele007: 7:42am On Nov 25, 2018
Thane:



I am really interested bros, pls I won't dissapoint you. I have been hearing about freelancing, monetizing blogs, diff online biz here since 2015 but I have not seen any reasonable course to teach me. Pls share with me. I saw on your profile that your location is Enugu, I am just close by Onitsha. I can come and take the videos from you. thanedominic@gmail.com, 07032909591. I am a fresh graduate

I dunno why I pity you but let me just help your life.

2 kinds of people make money thru "online business"
1. a website or blog that is POPULAR, tens of thousands of viewers everyday, and
2. people who sell the dream of making money online, like the ones you are begging here.

don't waste time or money on no. 2. if they really are good, they would be too busy being no. 1. They need suckers like you to feed.

I've said enough.

26 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by WilliamsNedd: 8:32am On Nov 25, 2018
lele007:


I dunno why I pity you but let me just help your life.

2 kinds of people make money thru "online business"
1. a website or blog that is POPULAR, tens of thousands of viewers everyday, and
2. people who sell the dream of making money online, like the ones you are begging here.

don't waste time or money on no. 2. if they really are good, they would be too busy being no. 1. They need suckers like you to feed.

I've said enough.

You have said it all. So many rippers on this thread.

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Connoisseur(m): 10:58am On Nov 25, 2018
vecman22:


Bro please can I get your contact I would like to ask you some few question about exportation

Ask here it send a pm
Re: What Is Your Worst Business Investment And How Much Did You Lose? by malachytochukwu(m): 12:03pm On Nov 25, 2018
I have lost quite some money.

I met this guy that claims he trades forex and makes millions... I wanted to see him make the millions in my presence so I could learn. Then I was a corper. We met on some occasions and being on weekends he couldn't show me live trades. Weekdays he sends screenshots of how much he made. Then he would show "genuine " concern concerning my finances as a corper.

Later he asked me to bring just 20k to grow it for me.... He complained that he couldn't make enough money because of the size of the fund..... Later I put in 500k....in three days the money was gone.... Called him till he changed sim card entirely.
It was painful to loose such amount as a corper.

However, I was struck again and that one was terrible...
Met someone else who claimed he was great in forex trading... Told him to go to hell.... He was persistent and pleaded that I should give him a trial...

I decided to try him with just $100.
He managed to move the $100 to $800
After three weeks of monitoring him I decided that he was good..... Then I put in over a million....

Within two days he did well and boom all accounts got blown the next day..... He blamed whatever and pleaded that I give him $200 to recover all.... I deleted his number.


Bottom line.... DONT EVER GIVE YOUR HARD EARNED CASH TO ONE "PROFESSIONAL" FOREX TRADER TO MESS WITH.

22 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by ibori1(m): 12:13pm On Nov 25, 2018
vecman22:


Bro can you add me up on what's app..08137409145



did u stake my games yesterday?

answer me so I can add u up
Re: What Is Your Worst Business Investment And How Much Did You Lose? by dokyOloye: 12:44pm On Nov 25, 2018
ibori1:




did u stake my games yesterday?

answer me so I can add u up
Oga,there's a betting thread here on this same nairaland.
Thanks

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by ibori1(m): 12:57pm On Nov 25, 2018
dokyOloye:
Oga,there's a betting thread here on this same nairaland. Thanks
and so .
did I tell u dt der is no betting thread here

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Paulpaulpaul(m): 1:48pm On Nov 25, 2018
Purplekush:


It's more than 5 Gig. I'm trying to compress them. I should put up a post today on how to get the videos. To be notified kindly follow my moniker, bro

waiting for it bro
Re: What Is Your Worst Business Investment And How Much Did You Lose? by vecman22(m): 2:20pm On Nov 25, 2018
ibori1:




did u stake my games yesterday?

answer me so I can add u up

No I didn't.. Came across that thread late at note.and I lost 10k yesterday.. Please add me up

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