₦airaland Forum

Olaide1295:
You get mind o. Buying at 100+

toms55:
Link wey sure no be cho cho cho 😁

Fahvvy:
ThiagoKid
The way I see it, if you start any business now, you prolly will fail ...

This is not a prophecy, it's a fact! ...
You don't just wake up one morning and start up a business, you do your market survey (SWOT analysis) first to see what product are in demand and see how you can meet them ...

See eh, every business idea that has been listed up there has the capacity to make you mahd profits, but it'll be dependent on the demand and supply ratio of that business in your environment ...

Lemme give you an example...
If you set up a POS business near a bank that always have cash to dispense to customers, that business will crash! ...

Why? Because the demand for a POS service will be at an all time low! I mean, why should I pay to use a POS when I can just go to the bank and get my cash for "free" ...

But if you take that same POS business to places where accessing cash is difficult, that business will boom ...

In summary...
Go around the market or a place you have in mind to start up a business, see what they need and then supply it ...

Orrrrrr...
If you already have a business in mind, go around and see what place the demand for your business is high, but there's low competition and then set up your business there ...

I wish you good luck!

HellVictorinho6:
I advised someone on 2.5m


Got nothing after everything






Cuz theres no god 2 judge




4get my brain

It has badluck on tinz like dis

At the end, u will abandon me.

Thugnificent:
Distance is never a barrier bro.

You are most welcome.

Also this is not just food business but agriculture in general.

Where is my 5k?

DonPablo9511:
You are surprised?

You no know who you quote like that.. FatherChristmas the popular nairalander known for his unconventional way of scamming through almanjiri

he has ambushed this thread with over 6 alternate monikers hoping to be lucky

he just used his main to provoke you into doing it fast before others discover the thread

missidy:
Start a business around something you know very well or have learnt. Also ask God for guidance.

damosade:
So he should open an account first before the idea?...... Weldone business analyst

Sucre6:
N500,000 is a decent amount to start a small business in Nigeria. Here are some business ideas that can be kick-started with N500,000 or thereabouts:

1.

2. *Food Business*: Start a small-scale food business like baking, catering, or selling snacks in a local market or online.

3. *Retail Trade*: Invest in a small retail store or become a distributor for a specific product, like cosmetics, household items, or phone accessories.

4.

11. *Small-Scale Agriculture*: Invest in a small-scale farming or gardening project, selling produce in local markets or online.

12. *Home-Based Services*: Offer services like hairdressing, tailoring, or home cleaning and organization.

Remember, these ideas require dedication, hard work, and a willingness to learn and adapt. It's essential to conduct thorough market research and create a solid business plan before starting any venture.

Which business idea resonates with you, or do you have a specific interest or skill you'd like to monetize? I'm here to help you brainstorm and provide guidance!

Thugnificent:
Buying and selling of essential goods never goes wrong. What are the primary hierarchy of needs of man according to Abraham Maslow?

Food, clothing, shelter.

Investing on any of the above is a cash cow and cannot go wrong with proper planning and foresight. Now that there is threats of food security presently in the country, you could take advantage of the forex and bulk buy foodstuffs from the north and re sell in the south south and south east. I am Presently in Ebonyi state and rice is the cheapest here compared to other states as we are the number one mass producers of the grain nation wide. You could take advantage of that too. I also have a farm and we are aiming to be the mass producers of strictly organic crops as there is a GMO scare presently. Don't just take my words for it, make your research too 😉

You can also follow my farming journey here 👇

https://www.nairaland.com/8087087/farming-journey

And my call for investors here 👇

https://www.nairaland.com/8087908/please-how-access-loans-proposed

God's blessings always 🙏

Johnson225:
Cool.

With 500k you can begin food business.
Buy raw food stuffs from villages and sell in town (people can't live without food)

Alternatively, get a trustworthy sales gal. pos isn't a bad option too. It gives good returns so long you in a strategic location.

Thirdly, if you have a piece of land lying idle somewhere. Invest that money into buying seedlings and pay labourers to ridge your farm ( farming pays good bro)

I also thought of fish farming. But a 500k wont be enough to set up a mini-pond and to procure fish feeds especially

Opening a low-budget hair-salon is also very feasible. You get someone to help you run the shop and make returns. You gradually upgrade the shop from the returns .

Getting a bike and placing on higher purchase?( Depends if bikes still operate in your state).
You can at least get a 10k weekly returns from this

This is all I can think of for now. I will possibly be hoping I get rewarded. Cos I so much need it at the moment

Goodlyhrt:
Go to the north, purchase food to resell in the south

SavageResponse:
Egugun be careful, na express you dey go so

ProjectsCityNG:
Think about it carefully. I am in Oyo, you can come for an inspection visit first. Meanwhile chat me up on WhatsApp so I fill you in on the details

0 9 0 4 8 9 2 0 6 6 5

Davico:
Buy used mobile phones from eBay.com and resell in Nigeria. You can make 50k to 70k per phone

Ynix:
Forget about the ideas first, take like 40 to 50k first and register a company first, open a bank account for the company. Then start thinking of ideas you can work with that can generate cash flow even if you don't have any money. I can help you with a few depending on your skill capacity, steps you should take before burning the remaining of 500k.

Take note I won't be putting that here. If you feel it's worth it send me a mail at ajideayodeji@gmail.com or chat me via 08089456258.

And anyone who is shallow to think everyone online trying to help others is fraud I will just say what Jesus said you don't put your priceless pearls on pigs and don't expect them to be deformed

Jashub:
Just start a laundry business. It requires low capital and the return on investment is high...especially if you're in a state like FCT(aka Abuja)where everyone is busy from Monday through Saturday.

FatherCHRISTMAS:
You've done this before severally harvesting people's ideas without fulfilling

ProjectsCityNG:
Concerning a business you can start, would you be interested in being an investor in an already established farm that is seeking to expand !?

chatinent:
Mine..