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How Were You Able To Start & Grow Your Business To Profitability? - Business (2) - Nairaland

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Re: How Were You Able To Start & Grow Your Business To Profitability? by SirJerrie(m): 11:36am On Dec 22, 2020
Make we give space for people wey actually get business

5 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by faithfull18(f): 11:36am On Dec 22, 2020
Space booked.
Re: How Were You Able To Start & Grow Your Business To Profitability? by obonujoker(m): 11:36am On Dec 22, 2020
ehinmowo:


Good one. I am starting a business by March. I am resigning my 8-5 job.

I am praying I make success of it along the line.

Better sir... More grace to your endeavors, although I won't support resignation except you aren't well paid
Re: How Were You Able To Start & Grow Your Business To Profitability? by ecomalchemist(m): 11:37am On Dec 22, 2020
Started importing high end tech gadgets and selling in Nigeria for profit.

I invested in facebook, Instagram and WhatsApp ads.

Occasionally I use Nairaland for free traffic.

Advertising is the life blood of any business.

19 Likes 2 Shares

Re: How Were You Able To Start & Grow Your Business To Profitability? by nams77: 11:37am On Dec 22, 2020
Nice

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by cicikhemy(f): 11:38am On Dec 22, 2020
jaelz:
Sup guys.

So I decided to share with you how I started my shoe business and how I was able to grow it to profitability, so I started out in 2016 by hiring a shoe maker and renting a shop, then I started engaging massively in social media marketing in 2017 and that was when the big break came for me. As we speak have sold over 1,700 pairs of shoes and the proceeds is what has been keeping me.

So guys lets help others know how we started and grew our business to profitability.


Please, kindly give me your contact. I will like to have some convos with you.

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by wisdomiskey(m): 11:38am On Dec 22, 2020
I'm yet to see any useful tips undecided
People are generally greedy when it comes to sharing their secrets of success.

34 Likes 2 Shares

Re: How Were You Able To Start & Grow Your Business To Profitability? by neighbourhud: 11:39am On Dec 22, 2020
ehinmowo:


Good one. I am starting a business by March. I am resigning my 8-5 job.

I am praying I make success of it along the line.

Amen
Re: How Were You Able To Start & Grow Your Business To Profitability? by Trustme2(m): 11:41am On Dec 22, 2020
wisdomiskey:
I'm yet to see any useful tips undecided
People are generally greedy when it comes to sharing their secrets of success.
That's if they have any. Most people can't share their experiences with people cos they don't have anything to share. They can't tell you this was how they went from point A-B.

13 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by bouncin04(m): 11:41am On Dec 22, 2020
Omo.. na so country take hard ?

So like ten people no fit come up with good or legit business plans ? Na so so yahoo , skull mining , cocaine swallowing , olosho , politics and terrorism , this country na wa o.

5 Likes 1 Share

Re: How Were You Able To Start & Grow Your Business To Profitability? by seanwilliam(m): 11:41am On Dec 22, 2020
Lol.. if you like go resign when you’re not sure of business you’re going into. What’s wrong In running the two simultaneously? Everyone can’t be a business man remember o.. or else na express u Dey go .


Op how much is the average price of your shoes

4 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by PotatoSalad(m): 11:42am On Dec 22, 2020
I used to believe that if I ask I shall receive. Kinda a saying for a lazy man. Didn't put much effort into my business. Had just a business plan. Needed 6m capital. Visited about 10 very rich men (Exercise in futility). Maybe cos I didn't visit them with media crew for publicity. Besides I was just a young lad with a plan.
After all my efforts yielded no water, I went back to the table with one thing in mind (work harder, smarter and Bleep everyone). Moved to a new city and kept applying new techniques everyday till it paid off.
I don't know how that happened but it took years.

11 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by 2Odds101(f): 11:42am On Dec 22, 2020
ehinmowo:


Good one. I am starting a business by March. I am resigning from my 8-5 job.

I am praying I make a success of it along the line.
God will help us all gee...I'm Planning on resigning by April...but also starting a business by march...Success awaits us in JESUS NAME......brother. ..

5 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by ecomalchemist(m): 11:42am On Dec 22, 2020
after brainstorming for 20 minutes.

Remember that the goal is to make daily income / passive income #NOSALARYGANG.

As time goes on i'd be sharing other business ventures I'm into, you can start something from here and build it up. You don't need anything fancy, you are in a 3rd world country...always remember that.

So let's get to it.

Keep that money.....refer to number 5, then pay your tithe to me later


1. Pure water business
get a shop with 2 solid dressers, Go to the factory and buy @ the rate of N70. Resell at the rate of 120 - 150 per bag. Supply to schools, churches, individuals...if you sell 200 bags a day, do the math.

2. POS business, (operate in a busy area but close early, e get why). This can be successfully combined with number 1. Contact baxibox.com and surepaddy (providus bank), they will put you through and supply you with the necessary hardware you need for the business... If you are starting out, you necessarily do not need a shop per se...just talk to your local carpenter to construct a small kiosk in a busy environment.

3. Biscuit business (no matter how economy be, people go chop biscuit)

4. Condom business (supply hotels and guest house across the federation)..as religious as we are as a nation we fucc like no mans business, the population keeps SOARING...

5. Local arbitrage (enter eko, look for fast moving products.strike a deal with the seller that you want to be a dropshipper..invest in a good camera phone and apps like lightroom and snapseed, join facebook 'buy and sell groups' facebook has 22M nigerians, just fucking sell something.. create fb / ig / whatsapp business / twitter / nairaland and advertise like your life depends on it).if you want to make 100k daily you need to learn facebook and instagram marketing..LOW RISK

Go here to learn Facebook marketing > trafficmastery ng. Work smart, not hard !

3. Resturant / bar & bushmeat join...during my nysc there's this joint I usually visited to drink mmanya (palmwine) or whatever its called. I spend at least 1k drinking palmy and bushmeat.

4. Foodstuff business (buy from the north, sell in the west)

5. Small chops / akara / yam / potatoes...mama chinedu don build 2 houses, she's on the third one as we speak.

6. Mini importation, this is very tricky due to the forex rate and all the bottlenecks but i will teach you how you can pass this hurdle in my next posts.

7. importation of gadgets / Phone accessories / used items... WhatsApp me for the free guide..

8. Data vending business...goto https://mobilenig.com/?ref=97 get cheap dirt data, pay bills and airtime. This business can be combined with Number 1 & 2...all you need is a mobile phone and internet connection, ATM card (GTB..most preferrable for this jab). Use jBL speakers, just dey play latest gbedu dey go..people will come around to patronize you..
I made over 300k doing this, I still dey do am sha..lol

If you want to take it online...get a good graphics designer to design something like 'BUHARI DATA SERVICES' with data prices and services u render ...lmao..u get my drift sha...then come online and start bombing...facebook...instagram...twitter..nairaland...telegram...

9. Selling of used items on jiji, nairaland, facebook market place and Olist...that your neighbour has items he has not been using for sometime...use style and ask him....take clear pictures in a nice background and upload it, out your price...your phone would start beeping from phone calls

10. DROPSHIPPING (millionaire's paradise)

Please comment and share, thank you.

ALWAYS REMEMBER THAT THE FIGHT IS AGAINST POVERTY.
#JEKINGBADUNLOMAGBADUN#

42 Likes 6 Shares

Re: How Were You Able To Start & Grow Your Business To Profitability? by Pimine: 11:43am On Dec 22, 2020
ehinmowo:


Sorry jawe! I was carried away ni. Yes. And I am throwing myself into it 100%.

Aswearugaaad

Na so people dey take fail exam ni o. Nicca ask one thing, you reply with anoda thing. Hmm undecided
Re: How Were You Able To Start & Grow Your Business To Profitability? by MiztaSpark(m): 11:44am On Dec 22, 2020
Good thread

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by Babzrockman: 11:44am On Dec 22, 2020
wisdomiskey:
I'm yet to see any useful tips undecided
People are generally greedy when it comes to sharing their secrets of success.

I'm with you bro. Even the op didn't state his capital.
Re: How Were You Able To Start & Grow Your Business To Profitability? by DisGuy: 11:45am On Dec 22, 2020
janedonez:
Inspiring

Sorry, which part is inspiring....not seen anything on here...
Re: How Were You Able To Start & Grow Your Business To Profitability? by smsinnigeria(m): 11:46am On Dec 22, 2020
Hard work pays.

Re: How Were You Able To Start & Grow Your Business To Profitability? by 2Odds101(f): 11:46am On Dec 22, 2020
ehinmowo:


If your question is an attempt to decide whether resigning would be good idea or bad one, forget it. My letter is ready.

Even if the business doesn't come out as expected, may God never make me see things that would make me go back to 8-5
God will bless you bro...working for somebody is hell...

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by NarnieAceTech: 11:47am On Dec 22, 2020
Since the day I needed to do some graphics design work, I decided to do it to my taste instead of sourcing outside hands. That's how my journey into graphics designs started.
While in school and during service, I started branding and customizing T-shirts, Jerseys for students, age grades, events and many more. Now I'm done with service, I decided to use the allowee money I saved to buy all my tools from Aliexpress. Still waiting for my packages to arrive.

Twitter and Instagram used to be a no-no for me but since my sister started using it to advertise her clothing wears, it's been sales upon sales. So I'm going to open both accounts and showcase my skills. Never underestimate the power of social media.

I'm into web design and development as well but I feel I'm not ready to take it to the next stage (freelancing on Fiverr and Upwork) or even searching for jobs online.
One thing I'm 100% about is that I am going all out next year to make my name and brand known. Watch out for NarnieAce

For your T-shirt branding and customization, I'm your best bet. My prints are crisp and clear.

P.S I recently (4 days ago) lost all my files due to virus from an external corrupt system. I don't have any work to show for now. Biggest mistake I made was to not back it up.

9 Likes 1 Share

Re: How Were You Able To Start & Grow Your Business To Profitability? by Abbeyrazaq20(m): 11:47am On Dec 22, 2020
BlessedNuel:


Be real and transparent in your doings....heaven will surely come thru for you.

Please can u make ur number available? I really want to start honey business.

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by ecomalchemist(m): 11:47am On Dec 22, 2020
ehinmowo:


Good one. I am starting a business by March. I am resigning my 8-5 job.

I am praying I make success of it along the line.

Do you have the requisite skills to run the proposed business ?

Have you tried to combine 8 - 5 with the proposed business ?

Have you interned with someone that has experience doing the business ?

Do you have enough saved up capital to kickstart the business ?

Have you factored your operating cost ?

Take out time to answer all these questions.

Wish you all the best in your business endeavours.

Cheers !!

6 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by Nobody: 11:49am On Dec 22, 2020
well let me answer this.

Had a relation who was so much into sports betting, lost so much, he was a *siful safant*...

as soon as his salary drops, uncle has a sure game already...

before you know, few days after salary, he quarreling with his family and every one, due to frustration from loosing his bet, he was almost always bitter.

Along the line he met a guy in a viewing center around GRA ph. they got talking and got acquainted and that was it.

Guy was a full time into sports and making good off it.

Carried uncle siful safant along and with time, there was changes.

soon Uncle wasn't bitter anymore and everyone was happy with his new self.

I met him in 2015 to show me the way, and he kept me hanging till 2016.

2016 January I almost killed him with disturbance because it wasn't easy for me then.

uncle told me what's up, ask for a 100k capital which I provided and that was it.

along 2017, a strategy was discovered, which we imputed into the system and today we are making more.


so 3 years down the line by Devine grace I'm now contented.

so it hasn't been easy but there's certainly no regrets today.

PS.

Im not promoting this because it can be huge loss when you don't know what you doing.

this has now been a full time business to me and our small circle.

2 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by neighbourhud: 11:49am On Dec 22, 2020
ehinmowo:


If your question is an attempt to decide whether resigning would be good idea or bad one, forget it. My letter is ready.

Even if the business doesn't come out as expected, may God never make me see things that would make me go back to 8-5

Amen...prayer and determination is the key
Re: How Were You Able To Start & Grow Your Business To Profitability? by Nobody: 11:51am On Dec 22, 2020
ehinmowo:


If your question is an attempt to decide whether resigning would be good idea or bad one, forget it. My letter is ready.

Even if the business doesn't come out as expected, may God never make me see things that would make me go back to 8-5

I highly doubt this.

Remember the story of the warrior king who, after landing on enemy soil with his men, promptly asked that their ships be burnt. He said to his men:

“See our ships going up in flames? That means we must defeat the enemy or we perish. Either ways, we can’t go back”

They won!

23 Likes 2 Shares

Re: How Were You Able To Start & Grow Your Business To Profitability? by xtervaganza(m): 11:57am On Dec 22, 2020
ehinmowo:


If your question is an attempt to decide whether resigning would be good idea or bad one, forget it. My letter is ready.

Even if the business doesn't come out as expected, may God never make me see things that would make me go back to 8-5
amen

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by Nobody: 11:58am On Dec 22, 2020
what business can i venture into to be earning 300k monthly from a capital of 3million naira
i have been buying real estates land and i’m down to my last 4million

6 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by 400billionman: 12:01pm On Dec 22, 2020
ehinmowo:


If your question is an attempt to decide whether resigning would be good idea or bad one, forget it. My letter is ready.

Even if the business doesn't come out as expected, may God never make me see things that would make me go back to 8-5

grin

More like 7-6 job.

8-5 is nice job.

9-4, more like government job is bliss..

We ran from 7-6 but it's not easy in business.

3 Likes

Re: How Were You Able To Start & Grow Your Business To Profitability? by Onyxunlimited(f): 12:03pm On Dec 22, 2020
BlessedNuel:
Thanks for sharing bro....the bigger you I pray.

Am a student and also a honey bee farmer.

Learnt the skills from my dad....he is a bee farmer too but as the firstborn and first son...I dey very close to him...we go to the farm together,that time...bees dey yakpa me but I didn't give up.

I learnt so many things from dad which I am using to manage my own farm currently.

Talking about the sales....it was something else..(being a mechanical engineering student and my school UNN wey be "No - Nonsense kinda institution"wink when I started, people didn't trust me much then...Waybills was war for me...I do travel back home more often to check on my farm......but with time,I built strong buyer-seller relationship with many people.

One thing you all should know is this...there is no shortcut to heaven.

Nothing good comes easy....no be say I dey hardworking pass but nature always give us unlimited opportunities which are invariably limited to an extent.

Anything that you are doing in this life,keep your hands clean...don't cheat people no matter what,what goes around comes around.

Be real and transparent in your doings....heaven will surely come thru for you.
Bless you. I want to learn bee farming, how can I go about it?

1 Like

Re: How Were You Able To Start & Grow Your Business To Profitability? by quadraheem(m): 12:04pm On Dec 22, 2020
I sell Solar Street lights with motion sensors that can light up your Compounds, streets, gardens, Farms etc. It also serves as a security measure with the motion detector. Kindly patronize as we deliver nationwide. 080-2735-6122

1 Like

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