₦airaland Forum

Bionica:
Karin, I am happy about your reviewed stance on micro loans assistance to interested participants who are indigent.

I wish to commit to helping 5 participants with interest free loan not exceeding 20k each, repayable at the end of March 2017.

How this will be disbursed will be entirely at your discretion.

Finally, among the 5 beneficiaries must be lexaydfg. He has demonstrated commitment and tenacity in this project. I await your approval and further instructions.

Thank you.

nutrientrich:
Hi Latestarter,

Presently on my way there from Mowe.

Please call this line when you get there so I'd pick you up. 08093857386.

lexaydfg:
I will love to be there but I don't know the place. I'm new in Lagos and I am familiarizing my self with few places because of job interview.

If someone can give me the description to the place from iyana paja, I am good to go then.

Madam karin001, you see that someone has spoken about that loan, I know you don't want to exchange contact with people but I really need it to venture into this business. Just look at the time I'm still awake thinking of ways to raise money before next week. I even took my laptop to a friend yesterday so I can sell it, he said 12000 naira because the battery and one keypad is bad. Please, look into that loan matter.

Concerning the location, someone should please described the place for me from iyana-paja.

It easy to post pictures nah, though i habe never done it. When you want to post a picture, just click on reply after loading, stroll down you will see choose and pick the picture you want to upload on nairaland and then you submit. Make sure you meet the basic requirement when uploading i.e maximum size: 4MB for pictures.

Thanks

Karin001:
I would really have liked rose75 to bend over backwards even with her rheumatism compounded with arthritis on account of old age to be there too but then old age comes with its own complications. 75 aint easy at all.


b]You're in the spirit Sis.
At least a little sarcasm will do your heart much good.
Even my taste buds are experiencing recession.
[/b]


[b]The others who are interested but far flung will just have to make do with your submissions. This is however just my opinion. i am still open to suggestions.

Karin001:
Nutrientrich has confirmed that 5 pieces are availba

nutrientrich has just been convinced to drop 20 pieces of donoughts tomorrow at SOB ventures Limited by 4.00pm.

Please lets arrange this tasting and conclude tomorrow. We need to gear up for Tuesday.

latestarter:
Karin,


However, don't let him make you re-affirm anonymity which we have affected to a level. i sensed a masked anger in your comment. Though rightly so, if there is no opposition then it might as well not be worth the while. You were considering the probability of personal communication. I'm already in communication with two members here. I can't mention them except they give a nod.

Her position is understandable.
As per her remaining incognito, don't fret about that, in due course the ice will be broken.
If she be spirit, spirit pass spirit.

Also if two won't be a crowd I'll like to join rose75 to taste the sample.

Much appreciated!

If it be of God and your personal conviction nothing can stop the initiative and like I said before, my [b]OUR [/b]testimonies will be posted here.

Karin001:
No bank account publishing and my position to remain incognito is now irreversible.

goldman777:
Well doctored and engineered scam no wonder it took you long to get to the point i like d way you hipnotize your readers to fall for this

AstuteJay:
I will be willing to let go of that territory for latestarter. Though I reside very close to Grammar school but may consider aguda/ogba axis.

Karin001:
rose75 had indicated interest in attending to the following areas;
Ojota Primary School Complex housing:
Ojota Primary School
Emmanuel high School
Estate Primary School

Ojota Senior/ Junior Sec. Schools
Ogudu Senior/ Junior Grammar Schools
Maryland School Complex housing:
Immaculate heart Senior/ Junior Sec. Schls
Mende High School and others
Command Day Sec School Ikeja

I will go beyond these on the long run.

I think that going by the delineation we are doing now, I suggest that you deal with the entire stretch of Ojota–Ogudu Road and then deal Ogudu/Orioke. If you still think that you can go beyond there then we could look at the possibility of a realignment. Maybe we could add Maryland but honestly I thing that Maryland is too expansive even for three people.

Maryland can actually be fed by three people and it may still be difficult to cover. there is the Onigbongbo axis, the Mosimi/Maryland Estate side and the densely populated Mende which includes the Catholic settlement and the schools and offices therein.

Please post and let us know how to proceed therefrom.

latestarter:
Dear All,

Thanks for your frank reactions and advice to my post. I still want to make somethings clearer.

One, white collar job in my sense is decent job with a car and driver allowance not necessarily rich. I have no building of my own but an empty land. So status problem is just education (Bachelors, Post Graduate Diploma & Masters) and other people's perception. And to crown it I'm a part time pastor - so the congregation is also there. I attempted buying a bus on hire purchase to personally operate but was discouraged by my senior pastor on grounds that it was beneath me. Now I'm wiser because nobody is sharing my bills!

So I want to discard all that and start afresh that's why I could say all these here. My initial reaction was to find a way and contact Karin privately but I did not intend to breach her privacy policy she had stated earlier, that's why I came out here.

Karin, you seem economical with your views in that you didn't want to tease my ego. I'm not that egocentric. Those who don't see my inner mind think I'm down to earth because I relate with anyone I want to no matter their station in life.

Presently, there is no money of my own but I can raise up to N600,000 which I had intended to use for the soft loan business club. I have a huge liability already and someone said you must start a business with money you can afford to lose. So I'm not about borrowing to start.

I love rose75: Shit money doesn't have shit odour (my own adaptation). Great quote.

From research I understood that only 2% of Americans can work successfully without any form of supervision. I believe here in Naija it could be 1% or less and I'm thinking that I may belong to the other side. That's why I need someone that I could be accountable to even if anonymously.

Karin, gathering sales boys will take some capital because you'll need to make provision for allowances or salaries for some period before ROI could cater for the allowances.

I'm ready to go along with this model but I needed to be sure of ROI and period of incubation. Also I need to be clear about the source of our goods. Is it going to be centralised? That is sourced from a single company? If we go it individually, securing exclusivity might be a challenge. Already someone in my area has indicated interest now

Once again, I appreciate every comment in reaction to my post and hope that some day I will post a testimony about this. And by the way I wrote a book about myself, Why Success Eluded Me for So Long. It may be helpful to some especially the younger ones. And I intend to write another book, How I Finally Made It. I believe that journey has begun here

latestarter:
Karin,

Thanks for your updates. My internet connection was down for a couple of days so I couldn't follow immediately but I've caught up with all comments.
I want to state that I'm in OJodu-Berger axis and will cover the over 5 grammar schools in the area with the main Berger bus stop. I see prospect in the business but like you commented, I'm a bit skeptical about whether it's beneath me and will yield returns to support my responsibilities.

I'm actually in my middle fifties and have lost a white collar job with three kids about entering into tertiary institutions and I'm wondering if I will meet my responsibilities if I spend my time on this project.

I was actually in the process of forming a business club where I could source money and give soft revolving loans of not not than N30,000 to market women quarterly at 10% interest. There's also the option of snail or piggery farming and I've been attending seminars on this. My head seems to be revving with ideas and I'm asking myself to apply breaks.
However your FMCG is intruding into my subconscious but returns on investment and status as challenges.

Please your comment or any other person's (like rose75) will be welcomed.

Keep up with this great job. I foresee someone contacting you as consultant for an amazing model

Karin001:
You have a good idea here but before you decide what to do or not to do kindly give yourself the benefit of doubt by selling both the doughnut and the chin-chin simultaneously. Be advised however to start them in very small quantities. i think on your first outing you shouldn't buy more than 2 bags each. Drop the chin-chin at home and make sure you sell off the doughnuts immediately. You can even ask the company to pack them for you in smaller (beginner)packs just to ensure that you get feedback and then decide if it is worth your while or not.

From my own experience the doughnut sells faster than the chin-chin and the risk factor while appearing high because of the shelf-life volatility also ensures that you are perpetually on your toes.

In reading your earlier post on how you want to op about it I will advise that you reconsider going into the schools later and actually start marketing the schools immediately. This is a whole market in one location. take the product to them and establish it there in your name.

Finally, whatever you do in this effort, try everything possible to keep fear at bay. Fear of not succeeding has kept many otherwise very potentially successful entrepreneurs from venturing forth.

Plantain chips is also a very good one and very fast moving. You could actually combine them effectively. More on this later.

Karin001:
Thanks, you are a just wonderful. Sometimes I am inclined to think you are actually 75 years old as depicted by your moniker, but that couldn't be true could it?

I just wish to add one important note here; doughnuts do not have a long shelf-life. In the ideal setting, they are produced for immediate consumption and may not last beyond 3 days.

In some climes they can be found in frozen packs in grocery shops and supermarkets and can then be microwaved and eaten.
Whoever adopts this F.M.C.G model must be willing to push hard and sell as many as possible within a short time spell.

It is a selling product if it is well made and packed. It will be difficult to go wrong.

superbouck:
I m thinking of going into partnership with a particular lady that makes dounought not too far from my shop, I want to approach the lady to be giving it to me at the rate of forty naira per unit while I sell it for fifty naira. Ladies and gentle men ur advice is needed

Karin001:
I was expecting that someone on the thread will ask how we need to lock in our hard work in the chosen territories. imagine how painful it can be that after creating a trade nexus in your territory and growing it phenomenally, some smart Alec with some money just invades the territory and takes over using his deep pockets and mouth watering incentives.

I gave it some thought during the week and decided that the preferred company must give us an agreement that gives the individual participants exclusive rights to sales of specific products within that territory at least for specific time frames mutually agreed upon. The exclusivity clause is usually a difficult position and the only way it works is through an understanding.

So, a very important decision that we will take regarding this is that we will confer with the management of the company and ensure that each partaker has rights of exclusivity in his specific territory.

Karin001:
To move us into a higher gear, I will suggest that after getting to this stage those who may be interested in participating in this project should indicate with a post that will just mention their area in Lagos and also describe the market as he/she perceives it be as it relates to this project and the product in question.

We do not need too many people per area. We must provide enough room for each participant to grow his business into profitability.
I suppose we can use this weekend to conclude on the people that will work in the various areas.

Please your comments and opinions are welcome at this stage.

mukhcech:
Is this Rose from Unilorin?

latestarter:
Karin,

Great analyses. I enjoyed your thinking as usual but I expected your recommendation or suggestion to come in as you promised. You said the first will come in by Wednesday and the second Thursday. Please spill it. Many of us are waiting eagerly. I believe you have a product which you may have thought out well. May be when you reveal it, there may be more contributions to fine tune

Karin001:
It will be larger and more encompassing. We may even allow participants from outside Lagos provided we are all sure it will work.

I am working on this plan and hope to post it in two or at most three parts.

mcvincent:
Rose, I think I like your way of approach and also I commend you for your intelligence, you are someone to behold.

egopersonified:
Those who would succeed faster in this project would be those who can convince themselves easily that they are a success with or without their certificate. Do not allow society tell you who you should be, tell them who you are or who you want to be.

Karin001:
This suggestion is exciting me too much.

I am just enlarging the positives that can accrue from a collaboration. I will think about it properly but I will give you a hint; Supposing a new product was launched and rather than allow it follow a traditional distribution channel we had a group /cooperative that has exclusive rights to the product and we represented different towns and cities and gave the producers cash and then retailed it directly using our already developed retail chain.

Just thinking though and I do think a lot.

ollykay619:
What a wonderful and an eye opening thread. Actually I just came across this thread today and I must confess it is the best thread in the business section of NL for the year.
I love the ideas and wonderful contributions from everybody.
But I have some questions to ask
1. Is this project meant for only people that lives in Lagos
2. Can a student participate too, most especially a student in ogun state.
Thanks

dannB:
Between quality and price, which one among it highly determine the demand for FMCG product.
The reasone why I am asking is because I notice emphasis on #100.00 as the maximum price for FMCG product we want to market from Karin001 and Blackie.
Hence, does that means FMCG product of #150.00 price will have low patronage compared to #100.00 price irrespective of its quality.
Expecting response.