₦airaland Forum

ruffhandu:
You are right. But also, one can get investment from an investor with very large risk apetite.

Yes. But most investors with large risk appetite always require startups to have an element of social change in their product.

That is, they'll be more willing to provide angel capital if the startup product has the potential to bring large scale change to a local community, cultural group, or country.

So, ask yourself if your startup idea focuses on community impact and if your business mission is strong enough to inspire angel investors to rally around your company.

Some social startup focus areas:
- climate change
- regenerative medicine
- policy making
- social / economic equality

ruffhandu:
Some ideas need money to take off bro. If the founder cannot bootstrap, then he needs some sort of support. It may be in the form of early co-founder who has no interest in the product. But, there still exist some agencies that give founders pre-funding financial support to build MVPs, either government or NGOs, they exist.

That's why I said what you may need is a grant rather than an investment.

Ikeoriko:
Yes it is a lucrative business.
As for payment, it is pay before delivery, because I source from the market women and not vendors.

And as for containers, nobody sells oil with container. It is either you waybill your container to me or you send me money to buy for you.

How much is the cost of 25 liters oil together with the container cost? And what is your minimum purchase order? Also, how do you handle customer trust issue since you prefer getting paid before delivery?

ruffhandu:
Yeah, the idea has not taken off yet so MVP is not ready (funding is needed to handle that). Most of them need numbers to look at, the only number they can get now are assumed numbers.

No serious investor will invest in a startup idea that has not been validated. Just try and build the simplest version of the product (even if it's on wordpress or WhatsApp) and market it to target customers. If you can get at least 1000 people to pay you, then you'll have an investable business.

Otherwise, what you may need is a grant not a startup investment.

Ikeoriko:
One day I was in bed and my phone rang. It was my brother living in Abuja. He called to tell me to inquire how much 25 litres of palm oil is in Enugu Ezike located in Enugu state.

There is a popular market for selling palm oil there called EKE OZZI. That very day was Eke day, because the market opens only in Eke day.

So I rolled out of bed and went to the market to enquire about the price. That day 25 litres of palm oil was 50 thousand naira. But while I was moving round the market to enquire about price, an idea struck me:"why not take a picture of the palm oil and the people at the market. And I took pictures.

When I came back home I called my brother and told him the price. He said I will buy it for him the next Eke Ozzi market. So I ended the call.

But later that evening, I decided to post those pictures on Facebook. I wrote about how I went to the market and how much palm oil cost. And boom that was how the magic started. I received countless messages asking me if I can supply palm oil in so so and so places.

That was how I thought of starting a Palm oil dropshipping business. It wasn't the initial plan but fate has a way of directing ones footsteps. I would say I have made it big time, but I must say I am grateful with the level of achievement I have made so far.

I give glory to God that I do receive orders time to time and I am happy for it. This is how insignificant act can bring someone an open door. And I will say I am a living example.

Is this business lucrative?

Also, how do you handle payments? Is it pay on delivery or payment before delivery?

And do buyers pay for the containers the oil come with? Or they buy them together with the containers?

ruffhandu:
Hello,
Is there anyone here who has had experience securing funding for a startup? Whether from Nigeria or from abroad, whether in Nigeria or abroad?
Please let me know. i really need to get some info.

Try pitching your startup to Microtraction. They invest in new startups that have validated their ideas in the market and has at least an MVP. You can Google the name and then take it from there.

Other notable mentions:
- EchoVC
- Tekedia Capital

The rainy season in Nigeria is upon us, but this is not the time to cuddle up and relax but to put on your thinking cap and do business.

There are some businesses that thrive during the rainy season, and many savvy business people are running these businesses and secretly cashing out.

Here are some of them.

Sweaters & Hoodies Fashion

Unisex Head Warmers

Shower Caps for Women

Trampoline Covers

Rubber Shoes

Irrigation & Farming Tools

Hot Drinks

Canopy Rentals


For more business ideas, check the source below:

Copyright: moneyboom.com.ng

....

binary123:
With 500.000 I don't care the nature of the business, provided I can make 20.000 daily profit from it, with my capital still intact.any such business ideas please share.
Legal or illegal.dirty or clean all ideas are welcome.

Start a barbing salon in a residential area if you have the skill or hire a barber and share revenue.

Another good business is fuel black market. Most of them sell for 1,200 per liter, which is a 25% profit. So, you can make 25k from reselling fuel of 100k.

To be successful in any of these businesses, you must locate them in busy areas with good foot traffic or reasonable commercial activity.

jomarq:
Please naira landers, I saw this coins 3 pieces in ok clothes.
How much is it please
This is the flip side of the coins

Don't rush to sell it.

Find a professional goldsmith to appraise it for you. Many of these older coins carry significant constituents of gold and silver, which means that sometimes the intrinsic value of the coin might be higher than the numerical value written on it.

More so, most U.S millionaires hold these kinds of coins for their intrinsic value.

Batman2412:
Is it alright to play with Fairmoney MFB @ 26% while running mmf/tbills?

Fairmoney is good to go. You can also try piggyvest. They pay interest upfront, which can be reinvested for more profit.

Home Decor

Painting

Social Blogging

Events Management

Creche School

Home Tutor

Snacks Production

Chef-on-Demand

Mobile Laundry

Hair Stylist

Makeup Artist

Foodstuff Distribution

Mini Guest Home

Fashion Design

Car Wash

Mascot Services

Errand Services

Snail Farming

Social Media Management

Home Podcast

Shoe Making

Pawn Services

Rental Services

For more business ideas, check the source below:

Copyright: moneyboom.com.ng

....

The CEDF funding programme will be closing soon. 3 days to go...

The Federal Government of Nigeria through the Federal Executive Council (FEC) has launched the Creative Economy Development Fund (CEDF), an initiative designed to provide sustainable funding to budding companies and organizations in the creative economy, in line with the government's bid to stimulate the economy via job creation, innovation, and economic diversification.

Steps in Making a Strong CEDF Application

Step 1: Update your Business Registration

Step 2: File your Tax Returns

Step 3: Prepare all Supporting Documents

Step 4: Register with the Creative Leap (CLAP)

Step 5: Create a Compelling Business Presentation


Application Deadline
The first phase (Phase 1) of the programme opened on the 28th of April 2025 and will close on the 30th of May 2025.

The second phase (Phase 2) of the programme is scheduled to open on the 4th of August, 2025.

For more details about the required business case document and how to prepare them, simply click on the link below.

Copyright: moneyboom.com.ng

...

Richnero2:
How much? Contact?

Phone number redacted. Simply reply my earlier post or check my signature for contact.

haggai247:
Is it 🪪 Id verified account?

Hope it's with the payment received account?

Not with the payoneer account.

firstprojectrun:
I'm interested to buy KDP account.

I have one for sale. 2 ebooks and 3 paperbacks , 5 years old account with payment received.

cc: Roarke

jocelynor:
Preferable dot com domain
Older and already indexing on google

I have 2 blogs for sale. Both over 6 months old.

https://www.lovestatus.xyz
https://www.moneyboom.com.ng

Let me know if you're interested.

I have a YouTube channel that is almost ready for monetization with 100% original content. It has over 1k Subs. You could complete the 4,000 watch hours and get it monetized.

Here are the details of the asset:

✓ YouTube Channel + Associated Gmail acct
✓ 1,300 subscribers
✓ 1500 watch time hours
✓ Niche: Business/Investment/Crypto
✓ Very engaging audience
X Not monetized yet
✓ Organic Subscribers & views
X No strikes, no copyright

Interested?

Today, there are many niches where you could publish low content books on Amazon kdp and make money online. In this video, I’m going to show you a few ideas to help you launch your low content book publishing business on Amazon kdp and start making money ASAP. These low content niches are easy to replicate and start creating books for Amazon kdp in no time.


https://www.youtube.com/watch?v=JZcDBvY7uLU

Trying to log in to Binance right now, but the website is not loading. Anybody having the same issues?

bablojnr:
For sure.

Nice. Traveling with a small group will make it more interesting and safer, and there will be more hands for any missionary or community work.

bablojnr:
https://independent.ng/guinness-world-records-nigerian-traveler-sets-to-tour-54-african-countries-by-road-sea/

https://allure.vanguardngr.com/2024/02/ileri-babalobi/


My name is Ileri Babalobi and I am trying to become the 1st African to visit all 54 African countries without using a plane. In the process,I plan to set 2 Guinness world records and Raise money for the Nigerian Red Cross. I expect to take about 6months. Here's why I'm doing this

I've been backpacking for nearly 10 years now. I have been to all 36 states of Nigeria, and when I lived in Ghana, all the 16 regions there as well as over a dozen African countries. i've been trying to visit all African countries for a long time and I'm finally close to doing it

On the trip I'll be exploring the culture and visiting the Tourist Areas of each place I visit and stream it on YouTube here https://youtube.com/@africatours . I've always been interested in how people in other cultures and places live. Which brings me to why I'm making this trip . ..

1) Im very Pro Nigerian and without being facetious, I've always wanted to do something for her Gratis . I hope to raise a lot of money for the Nigerian Red Cross. The official name of the attempt is Naija to the World and at each Border I'll take a picture with the Nigerian flag.

2 I want to show how people in other countries live
3 I would be promoting the Borderless Africa campaign by Africans Rising, which seeks to remove barriers to migration ( such as expensive visas) among African Nations.
4) it's a Chance to fulfill a life long personal dream .

I'll leave from Lagos in March and I plan to do a daily summary here on nairaland everyday , as well as two YouTube videos of the days adventures.
Advice and tips are welcome

@

This is really interesting. Are you open to other people joining you on this trip?

If you’re looking to start making money without risk or without putting up any capital, then dropshipping is the right business for you. With local dropshipping, you can be making at least a 100k per month selling other people's products online. This video explains the whole process of doing local dropshipping in Nigeria and making money as quickly as possible. Watch & enjoy!


https://www.youtube.com/watch?v=FZUJRbbgM88

In this video, we’ll look at five reasons why affiliate marketing isn’t good for you and how to make adjustments. Or better still, reasons why you are not going to make any money from affiliate marketing, and what to do instead.


https://www.youtube.com/watch?v=Vz8XPxFyMOE

Investing and making money doesn't have to be complicated, you don't have to go the extreme to make a profitable investment. Here are 6 types of investments that will make you lose money. In this video, you'll see reasons why you should avoid them and what to do instead.


https://www.youtube.com/watch?v=nyrmFdU2M-4

https://www.youtube.com/watch?v=ox2Cu6umWak

In this video, I show you how to use AI to find and start the most profitable businesses in Nigeria in 2024. This is the simplest way to find a great business idea for your next business in this new year. If you have capital, but lack business ideas, then this is the easiest way to kickstart a profitable business this year.