Following

Yoighaman:


You need to be clear please 3% per annum or 3% per month?

I might not have asked all d questions I should have asked.

Based on all d mentions I'm getting, I'm beginning to think d 3% is per annum o

I'm just so sorry I might have misled some folks.

I'll correct it. Tnks

9ja083:


You are right. Am confused right now. This is my 1st importation business. I was told that buyers are there at the wolf. And immediately u clear ur goods from the custom, buyers will like to buy it immediately. And now this?

what is the goods? Maybe we can buy

Noel1:


A customer support agent in a top Nigerian bank actually told me they give 3% rate for fixing N100,000 for 30 days.

That means they can give over 30% per annum...and you are saying that if you are fixing higher amount you can negotiate a higher rate?? I believe the agent you spoke to didn't understand your question fully or you didn't understand her fully, don't know which one it is but I'm pretty sure there was a misunderstanding somewhere.. Either that or the agent no just know anything

Noel1:


I might not have asked all d questions I should have asked.

Based on all d mentions I'm getting, I'm beginning to think d 3% is per annum o

I'm just so sorry I might have misled some folks.

I'll correct it. Tnks

Lol...I don't think 3% P.A exists anywhere tho, zenith bank has one of the lowest interest rates but they still no dey do dt kain low rate...probably the agent was not giving you correct details cause GTB has a higher rate than zenith bank for sure

franugo:


That means they can give over 30% per annum...and you are saying that if you are fixing higher amount you can negotiate a higher rate?? I believe the agent you spoke to didn't understand your question fully or you didn't understand her fully, don't know which one it is but I'm pretty sure there was a misunderstanding somewhere.. Either that or the agent no just know anything

I've corrected it sir. I'm sorry 4 d mix up.

franugo:

Lol...I don't think 3% P.A exists anywhere tho, zenith bank has one of the lowest interest rates but they still no dey do dt kain low rate...probably the agent was not giving you correct details cause GTB has a higher rate than zenith bank for sure

She said there interest rate is not fixed. in DAT it depends on d amount u want to fix and d duration, with N100,000 being d least for 3% rate.

What about accessories business, is it profitable and less problem?

I want to start a mini accessories business, though I have about 100000k but I don't really know much about it.

I'm looking for where to get the goods but a friend of my ask me to go to Alaba international market that I will see an accessories distributor there. how safe is Alaba international for thus kind of business.

I'm afraid to lose the business in a short time or no profit acquired...

Sirseedorf:
What about accessories business, is it profitable and less problem?

I want to start a mini accessories business, though I have about 100000k but I don't really know much about it.

I'm looking for where to get the goods but a friend of my ask me to go to Alaba international market that I will see an accessories distributor there. how safe is Alaba international for thus kind of business.

I'm afraid to lose the business in a short time or no profit acquired...

What's your location?

Noel1:

She said there interest rate is not fixed. in DAT it depends on d amount u want to fix and d duration, with N100,000 being d least for 3% rate.

Actually rates are fixed...there's a rate for a range ...for example, 5-10million might have a rate of 6.7%P.A...if the person is fixing a reasonable amount, the RSM for that customer might apply for a concessionary rate for the customer, meaning that the bank might give the person higher rate because they really don't want to lose that Fixed deposit...

NGRsenate:


All of you looking for fixed deposits and treasury bills should better get the idea out of your minds.

If you’re looking for where to put money, open a domiciliary account and buy dollars.

Who knows, with this border closure, the naira will dip before it goes up.

Infact always keep your money in dollars.

pls i like to get a domicillary account, can u put me through, Ketikubamidele1985@gmail.com /whatsapp 08064357013. Pls

bestmutiu2019:
with all this comment fear Don they catch me plz help me I wanted to start okrika business,pls help a brother anyone that is into the business or got contact of someone in the business should pls quote me

You have nothing to fear when it comes to this business especially if you have a shop/boutique.

Just invest in marketing and stick to quality stuffs.

But there are more to it if you want to buy in bales tho.

Lagos




@ThisisIkemefuna

This is serious

abdeiz:



I totally agree with you and recently learnt mine the hard way. All these people clamouring mini importation training won't tell you this. All they want is your 5k for the training fee and members who would import with them so they can be used to offset their shipping and clearance fees. Basically they use others to meet MOQ for their preferred goods use others to clear their own goods for them.

After waiting months for my goods to arrive, the clearance fee was half the amount I paid for my goods.. Then sending them over to me was another issue. They have the advantage especially if they are far from you as they tend to provoke you into abandoning your goods with them. A win win situation for them... Nigerians... We go dey alright Las Las

mrgoodd:
Mine was importation, The mistake I made was not handling the business myself and I have no physical outlet, I rely on online market to sell those goods , The money was tied down for like 7months then I take the goods to computer village where Igbo boys started giving price that’s not up to 5 percent of the amount I buy the product, Atlast I stop importing and divited into something else.

Mine was around 2006 or 2007. I was working in a financial institution and nursed the idea of running a laundry business as a side gig due to an opportunity I saw. Prior to that time, there was a lady in the area I resided then, she worked at a business where I usually patronize, I observed she was a very good, decent and diligent lady, so I 'toasted' her (trust boys nau) but she was foot-dragging about my advances, so I decided to back- track.

Months later, we spoke and she informed me she longer worked there, I was happy and she asked me why, I immediately told her my plans and offered her an opportunity to manage the new business I was about to set up to which she agreed. We launched the business, a sizeable one and I did a lot of marketing, so customers started pouring in, including my friends and church members.

The business went on very well for about 2 years and I was making money so comfortably that I wasn't really touching my salary where I worked except for the loan I took to start up, the lady didn't steal my money and even if she did, I didn't really care because I was happy with what she remitted, besides, I trusted her so much.

Then trouble started, she started giving me 'attitude', I was confused because we maintained a good working relationship, so on a fateful weekend, I took her out to have a discussion and the outcome shocked me!- She had been properly managing the business in my absence ( I only went there occassionally after I close from work in the evenings) because she saw it as 'our' business, that she's been waiting for me to follow up on my earlier advances and start thinking of settling down with her, I was speechless.

To cut the long story short, she eventually left when she saw I was more interested in growing the business than having a relationship with her. Every manager afterwards was a sorry story, they stole so much that I wanted to close down the business, sadly, I encountered an unprecedented financial challenge at the time and sought investors, funny thing is that I even posted it here on Nairaland, that I was looking for investors....lol.........I eventually closed down the business and that experience remains one of the most painful in my life.

Conclusively, I'd say Human Resources was my bane. Without good and sincere people especially Managers, your business is likely to suffer.

Yoighaman:


Please tell us the bank that pays 4.5% monthly interest on a savings account, that's 54% per annum. So the bank would mobilize deposits at 54% and lend it out at between 15-23%? Always reflect on what you are about to type.

Kindly read before replying... I corrected same notion you're informing me about.

Got me laughing

henrixx:
bro i stopped taking those motivationals serious. They could be misleading. Yeah theyre beautiful on the eye but realistically one shouldnt apply them in life.

Follow your heart and follow situations the way they come.

Nothing like 5 things to do to become rich or 10 things successful people do blah blah

Yoighaman:


Mine was around 2006 or 2007. I was working in a financial institution and nursed the idea of running a laundry business as a side gig due to an opportunity I saw. Prior to that time, there was a lady in the area I resided then, she worked at a business where I usually patronize, I observed she was a very good, decent and diligence lady, so I 'toasted' her (trust boys nau) but she was foot-dragging about my advances, so I decided to back- track.

Months later we spoke and she informed me she longer worked there, I was happy and she asked me why, I immediately told her my plans and offered her an opportunity to manage the new business I was about to set up to which she agreed. We launched the business, a sizeable one and I did a lot of marketing, so customers started pouring in, including my friends and church members.

The business went on very well for about 2 years and I was making money so comfortably that I wasn't really touching my salary where I worked except for the loan I took to start up, the lady didn't steal my money and even if she did, I didn't really care because I was happy with what she remitted, besides I trusted her so much.

Then trouble started, she started giving me 'attitude', I was confused because we maintained a good working relationship, so on a fateful weekend, I took her out to have a discussion and the outcome shocked me!- She had been managing the business properly in my absence ( I only went there occassionally after I close from work in the evening) because she saw it as 'our' business, that she's been waiting for me to follow up on my earlier advances and start thinking of settling down with her, I was speechless.

To cut the long story short, she eventually left when she saw I was more interested in growing the business than having a relationship with her. Every manager afterwards was a sorry story, they stole so much that I wanted to close down the business, sadly, I encountered an unprecedented financial challenge at the time and sought investors, funny thing is that I even posted it on Nairaland, that I was looking for investors....lol.........I eventually closed down the business and that experience remains one of the most painful in my life.

Conclusively, I'd say Human Resources was my bane. Without good and sincere people especially Managers, your business is likely to suffer.

Are you now married?

Why did you start what you can't finish?

UndauntedYOCA:
I was too kind, I was in school, teaching part-time , learning furniture making and also going to Lagos almost every week to buy female cloths, I was doing well, at least I could fend for myself etc. Anyway, I was always lending people money, I felt that if I had it then I should be able to help people cuz I might die anytime, moreover I hate to see people suffer and not do anything about it, well, that's how business ended oooo, people no gree pay me back, over 100k I had saved that I'd invest during service year, anyways I thank God because He put me back on my feet.
In short now I sell yams, crayfish and locally grown rice (very good and stone free rice o), make una come buy biko, na beg I dey beg o.

Do you sell the crayfish in large quantity? I heard people import from cotonu to Lagos

UndauntedYOCA:
I was too kind, I was in school, teaching part-time , learning furniture making and also going to Lagos almost every week to buy female cloths, I was doing well, at least I could fend for myself etc. Anyway, I was always lending people money, I felt that if I had it then I should be able to help people cuz I might die anytime, moreover I hate to see people suffer and not do anything about it, well, that's how business ended oooo, people no gree pay me back, over 100k I had saved that I'd invest during service year, anyways I thank God because He put me back on my feet.
In short now I sell yams, crayfish and locally grown rice (very good and stone free rice o), make una come buy biko, na beg I dey beg o.

What is the brand of your Nigerian rice and price?

emmanuelewumi:



Are you now married?

Why did you start what you can't finish?

I'm not married yet o...do you want to marry me ni? (smiles).

Started what I couldn't finish? Well, I took a shot and she didn't respond positively, so I decided to let go, only for me to realize later she was madly in love with me and I never knew.... but why the shakara in the first place?.... women sha, you folks are an encyclopedia...lol

Sorry, I just assume you are a woman for no cogent reason.

Happy reading but i go talk my own story later

Angelacruz:
Got me laughing

lol

Yoighaman:


Mine was around 2006 or 2007. I was working in a financial institution and nursed the idea of running a laundry business as a side gig due to an opportunity I saw. Prior to that time, there was a lady in the area I resided then, she worked at a business where I usually patronize, I observed she was a very good, decent and diligence lady, so I 'toasted' her (trust boys nau) but she was foot-dragging about my advances, so I decided to back- track.

Months later we spoke and she informed me she longer worked there, I was happy and she asked me why, I immediately told her my plans and offered her an opportunity to manage the new business I was about to set up to which she agreed. We launched the business, a sizeable one and I did a lot of marketing, so customers started pouring in, including my friends and church members.

The business went on very well for about 2 years and I was making money so comfortably that I wasn't really touching my salary where I worked except for the loan I took to start up, the lady didn't steal my money and even if she did, I didn't really care because I was happy with what she remitted, besides, I trusted her so much.

Then trouble started, she started giving me 'attitude', I was confused because we maintained a good working relationship, so on a fateful weekend, I took her out to have a discussion and the outcome shocked me!- She had been managing the business properly in my absence ( I only went there occassionally after I close from work in the evening) because she saw it as 'our' business, that she's been waiting for me to follow up on my earlier advances and start thinking of settling down with her, I was speechless.

To cut the long story short, she eventually left when she saw I was more interested in growing the business than having a relationship with her. Every manager afterwards was a sorry story, they stole so much that I wanted to close down the business, sadly, I encountered an unprecedented financial challenge at the time and sought investors, funny thing is that I even posted it here on Nairaland, that I was looking for investors....lol.........I eventually closed down the business and that experience remains one of the most painful in my life.

Conclusively, I'd say Human Resources was my bane. Without good and sincere people especially Managers, your business is likely to suffer.

Painful

you could have talked her into becoming a share holder

like an active partner

getting committed staff not easy in this country o

Yoighaman:


I'm not married yet o...do you want to marry me ni? (smiles).

Started what I couldn't finish? Well, I took a shot and she didn't respond positively, so I decided to let go, only for me to realize later she was madly in love with me and I never knew.... but why the shakara in the first place?.... women sha, you folks are an encyclopedia...lol

Sorry, I just assume you are a woman for no cogent reason.

Imagine how you would have flourished with her...
Very rare to find a good manager

ThisisIkemefuna:


Do you sell the crayfish in large quantity? I heard people import from cotonu to Lagos

Sure! Let's talk through email so we can exchange contacts. I'll show you pictures. I also have yams at very, very reasonable price o. Are you in Lagos?

Mine was around 2006 or 2007. I was working in a financial institution and nursed the idea of running a laundry business as a side gig due to an opportunity I saw. Prior to that time, there was a lady in the area I resided then, she worked at a business where I usually patronize, I observed she was a very good, decent and diligent lady, so I 'toasted' her (trust boys nau) but she was foot-dragging about my advances, so I decided to back- track.

Months later we spoke and she informed me she longer worked there, I was happy and she asked me why, I immediately told her my plans and offered her an opportunity to manage the new business I was about to set up to which she agreed. We launched the business, a sizeable one and I did a lot of marketing, so customers started pouring in, including my friends and church members.

The business went on very well for about 2 years and I was making money so comfortably that I wasn't really touching my salary where I worked except for the loan I took to start up, the lady didn't steal my money and even if she did, I didn't really care because I was happy with what she remitted, besides, I trusted her so much.

Then trouble started, she started giving me 'attitude', I was confused because we maintained a good working relationship, so on a fateful weekend, I took her out to have a discussion and the outcome shocked me!- She had been managing the business properly in my absence ( I only went there occassionally after I close from work in the evening) because she saw it as 'our' business, that she's been waiting for me to follow up on my earlier advances and start thinking of settling down with her, I was speechless.

To cut the long story short, she eventually left when she saw I was more interested in growing the business than having a relationship with her. Every manager afterwards was a sorry story, they stole so much that I wanted to close down the business, sadly, I encountered an unprecedented financial challenge at the time and sought investors, funny thing is that I even posted it here on Nairaland, that I was looking for investors....lol.........I eventually closed down the business and that experience remains one of the most painful in my life.

Conclusively, I'd say Human Resources was my bane. Without good and sincere people especially Managers, your business is likely to suffer.



If she’s not married yet, Just try to get her and later you will marry another small girl on top her maybe after ten years, By that time you will have know how far and she would have add a lot to your wallet, It’s a win win for you sir, Forget my religion won’t allow me marry two wives, Only if you re sure your religion will feed you after you retire from your white collar job, It’s not easy to see someone that’s that loyal even if she will mess up you will not have the problem of feeding the kids and paying school fees, You will just be battling with your head while the proceed from the business will be used to support your kids, Na one by one shit they gather.

dancok:
what is the goods? Maybe we can buy

Rav.4, biscyle, mixer machine etc

Yoighaman:


Mine was around 2006 or 2007. I was working in a financial institution and nursed the idea of running a laundry business as a side gig due to an opportunity I saw. Prior to that time, there was a lady in the area I resided then, she worked at a business where I usually patronize, I observed she was a very good, decent and diligent lady, so I 'toasted' her (trust boys nau) but she was foot-dragging about my advances, so I decided to back- track.

Months later we spoke and she informed me she longer worked there, I was happy and she asked me why, I immediately told her my plans and offered her an opportunity to manage the new business I was about to set up to which she agreed. We launched the business, a sizeable one and I did a lot of marketing, so customers started pouring in, including my friends and church members.

The business went on very well for about 2 years and I was making money so comfortably that I wasn't really touching my salary where I worked except for the loan I took to start up, the lady didn't steal my money and even if she did, I didn't really care because I was happy with what she remitted, besides, I trusted her so much.

Then trouble started, she started giving me 'attitude', I was confused because we maintained a good working relationship, so on a fateful weekend, I took her out to have a discussion and the outcome shocked me!- She had been managing the business properly in my absence ( I only went there occassionally after I close from work in the evening) because she saw it as 'our' business, that she's been waiting for me to follow up on my earlier advances and start thinking of settling down with her, I was speechless.

To cut the long story short, she eventually left when she saw I was more interested in growing the business than having a relationship with her. Every manager afterwards was a sorry story, they stole so much that I wanted to close down the business, sadly, I encountered an unprecedented financial challenge at the time and sought investors, funny thing is that I even posted it here on Nairaland, that I was looking for investors....lol.........I eventually closed down the business and that experience remains one of the most painful in my life.

Conclusively, I'd say Human Resources was my bane. Without good and sincere people especially Managers, your business is likely to suffer.

f she’s not married yet, Just try to get her and later you will marry another small girl on top her maybe after ten years, By that time you will have know how far and she would have add a lot to your wallet, It’s a win win for you sir, Forget my religion won’t allow me marry two wives, Only if you re sure your religion will feed you after you retire from your white collar job, It’s not easy to see someone that’s that loyal even if she will mess up you will not have the problem of feeding the kids and paying school fees, You will just be battling with your head while the proceed from the business will be used to support your kids, Na one by one shit they gather.

mrgoodd:

Use the money to buy bike and give it out they will be paying you 2k daily

Lol..

Nnemuka:

Imagine how you would have flourished with her...
Very rare to find a good manager

Yeah, I know but better to let go than deceive her.

mrgoodd:




f she’s not married yet, Just try to get her and later you will marry another small girl on top her maybe after ten years, By that time you will have know how far and she would have add a lot to your wallet, It’s a win win for you sir, Forget my religion won’t allow me marry two wives, Only if you re sure your religion will feed you after you retire from your white collar job, It’s not easy to see someone that’s that loyal even if she will mess up you will not have the problem of feeding the kids and paying school fees, You will just be battling with your head while the proceed from the business will be used to support your kids, Na one by one shit they gather.

Someone advised me to do all I could to get her back, establish a romantic relationship, use her to stabilize & grow the business and then stylishly break up with her but I said NO, I am not wired that way, I have a conscience and wouldn't allow that happen to any of my loved ones, the females especially.

Now I'm a full-time entrepreneur, I run my businesses myself and God has blessed me with good managers, perhaps because of my sincere motives towards her. I was also a very hard-working and diligent manager where I worked before I resigned, I had always believed we reap what we sow, I still do.