₦airaland Forum

TheOldGods:
are you a child? Maybe you need to learn more. You're comparing a billionaire dollar company to a start-up. Can you compete with cardbury with 6 million naira? You won't last 6 months and you're down to 0. That's why all of you fail in business, people go into business without doing proper evaluation. No, go and compete with indomie, after all they sell their noodles 200 naira, that's cheap right, let me see if you can stay 3months. Only cost of registration and payment of tax will gup half of that money. We are not even talking about running ads and bringing products into market

Go and sit down. I've setup over 20 productive and profitable enterprises lazy Nigerians


Why you're in Nigeria you.blame and whine

When you're abroad you're forced to work.

Mentally lazy people

TheOldGods:
lol. Low priced business sell most in China, what's the cost of living in China?what's Thier minimum wage? When people are crying to enter bus fares that was increased with just 100 naira extra, people are trekking and you're here talking. You think business is to look for cheap products and sell, lol. Ask yourselves why popular brands are living Nigeria to open business in Ghana. How many homes in Nigeria eat chicken every Sunday or even chicken every week, I'm sure you hardly do that. Try buying full chicken every week and eat first

Lagos state looks colorful today thanks to the accumulation of very low funds put together. If Cadbury can produce sweets and sell for 25 Naira, Unilever tea bags for 20 Naira, Bama satchet mayonnaise for 100 Naira. Then who are you to claim you're above. Just suit yourself IJN. Keep your perspectives off my mentions


Mr. Posh. Clear off my mentions.

TheOldGods:
people funny, pos centres, viewing centres,

People shaa have poverty my mindset.

And that's why you invest in big businesses and cry for low patronage till you close up

Go to Chinese websites from Alibaba to Ali express. It's low priced products that sell the most. Nigerians and condemnation behavior.


I've lived from Abuja to finesse areas on the island. What I do to make money isn't my person. Now get lost

Toor

Karleb:
Bros, you said Seyi is using tax from okada and maruwa to pay teacher's salary?

So what about the monthly allocation the state receives from FG? Where does that one goes?

Abeg educate me o because that claim is outrageous!

---

Business dey sweet when you dey run am for mouth sha.

I pray to all who are involved that Nigeria will not happen to your business plans!🙏

Smiles. Please yourself. Gotta work

Ezemann:
Do you reside in Akwa Ibom?

Nah. Setting up a biz elsewhere in SW

bdon123:
Call it watever.This is a faceless forum,therefore giving money to someone u met here is a nono.I have lost money patronising a fake digital gallery guy here on nairaland.

I don't curse people. I'll just avoid you.

MarketDispatch:
It's not about setting up...it's about the staff and scammers that are ready and waiting to finish off the business for you without caring of it's growth and for this Tinubu's period, the finishing is better imagined

True

online4business:
Stop peddling these half baked ideas. Viewing centres convinent stores pepper soup joint will
Fold in less than a year.

Do you know how much it takes to pay workers or buy fuel?

You probably haven't run a successful business before you sound like professors who knows all the theory but can't practice or produce anything tangible.


Reason why businesses fail is employee and management.


You want to make profits as a business man what do you think your employee want to do?


Anyone that wants to succeed in the present day Nigeria must accept total control of their business

Control=responsibility.

Don't expect money from people because you gave them advice if them no give you it's YOUR FAULT.

you're supposed to charge for your services if there's no agreement then you don't have a case.

It seems that should not be the case but it's human nature...You don see thirsty goat wey drink water belle full still stand for river?

No they turn their back at the river and walk.

This is life eat or get eaten.

If you've idea put it to use angel investors no dey Nigeria... Them don die na shylock dey.

I'm number one shylock we buy assets that people want to sell cheap because we have cash.

Cash is king.

Here they come. I don't have your time.continue Nigeria is evil nothing works. Good luck with your thoughts

bdon123:
U are asking for investors.anybody wey follow nairaland person go do business is asking for premium tears

Here they come. Nuisance.

Hundreds of businesses avails itself in Nigeria. If we talk about the sophisticated ones, we may appear as liars. So let's pitch the very dirty low-key businesses

IhateRetards:
Mad lowkey seeing some golden ideas to play with from here.

I dey come..I'm.about.to scatter the thread with some Jagbajantis

Olumighty123:
Okay then, fine!!!

As I respect mehn like you and Mr pascal who are positively charged and minded allow me share a few ideas


There's a few reasons many big mehn in Nigeria fail in business and when they fail they begin to broadcast their failures discouraging other people.

Permit me to share some business views


One. A bug man would invest say 20M in a business, make it elaborate then most of the services or goods in that case would retail anywhere between 1M to 10M etc. This is far away from what 80% of consumers would be able to buy. Meaning it's beyond the league of so many people. What this means in the reverse is that the business owner is also deprived of ptsronage of atleast 80% of possible humans it can come.in contact with


To then do.business, the Chinese principle.of.modern.day business success applies. Which is invest very large funds in business to.produce extremely low priced items in such a way that it can be produced in bulk as bulk goods sold on a massive scale and bring daily earnings

Unlike the big man worried about cements, rods, factory, diesel costs,.engine costs, repairs. This business man doesn't struggle with all these inhibitions. He has the entire country as his potential client because the patronage costs is very cheap.

Follow my train of thought


So,.when the average Nigerian elite does business, he's thinking big posh and looking up. Because he assumes business is about good looks, the apperanace of being big and big mannism.


The other business guy that succeeds looks downwards instead. I.e what can I supply to get so and so that when multiplied across bulk numbers would give me big figures.


So, understanding the masses, purchasing power, buyers need, market forces, it's better to go for businesses that offers low priced.items.i.e 100 Naira and then sell so fat in such a way that hundreds of thousands cam be sold than for me to import a nuisance car to sell and make 800,000 Naira profit.


So I will never.import equipment cars build big buildings to look big but rather look for how to grab the 100 Naira from the masses and collect it in vast amounts. How do you think Lagos generated IGR and the whole country copied the model


As of this year, Seyi Makinde has been collecting 200-400 Naira per day from okada to tricycle. It's what it used in paying salaries of teachers and co in Oyo state. Go and find out


So, the key to business is first sustainability before profitability. Many car companies have cars who's colors have tainted because it's not regular. But not for the 100-500 Naira businesses. So with all these I can do these things with 6 Million Naira.



1. Garri Pocessing Mill


Wit a garri processing mill, let the farmers do the labour and hard work. I'll just share my contact.once they have for sale I buy. If I'm.crasy enough I can buy at a particular time and leave for two months to increase its size and earn more.income.


Now the golden key is not the business but the strategy. I'll simply get sealed.nylons and package the garri in 100 Naira units. If I multiple it in per the quantity I can get per ton. I can scaleup increase my marketing base get Korope to get a marketing team to supply tons of supermarkets, abokis, convenience stores.


And with multiplier effects I can take in atleast 20-25 M per annum with the just 6M.investment



I've managed businesses for people who kept using me till I stopped so I know my gun



2. Plantain and Potatop chips

I can setup automatic deep fryers in an open space. Again get sealable nylons for 100 Naira units and begin to source for.plaints across the entire country. From akwaibom to Bayelsa to Port Harcourt to Edo. I'll buy, the machine washes,peels l, fry's and seals.


Simple. I supply aboki.


People use fried plantains to replace meats. Go to the trenches.and find out. I've done this before and was raking 10k per day



3. Hibiscus


I can bulk buy zobo leaves in bulk per.ton from the north. Setup processing units that will boil, cool, mix and bottle. With preservatives thesedays zobo cam stay up to 20 days supooy across various supermarkets and I make my money



4. Ice block

Ice block.consumes diesel but with proper planning there's high prospects for profits. I simply buy a chilling truck produce in large quantities and my driver's drives through cities supplying. The chilling truck preserves it's temperature and as a result, one can be supplying blocks for hours and it won't melt.




5. Drink depot is there

This one doesn't need stress
Just enter into dealership with beverages companies. They load and.i sell to make 50-100 Naira profits. I buy in mad quantities and make profits


I can setup viewing centres with chilling bar and car wash. Entertainers, comedians etc come and I play music use to sell beer pepper soup and boom business is moving.

For.goodness sakes.lets.stop.disvrediting this country for heaven sakes. I don't ask for investment

I am building myself. But I hate when we critique the country to death

Olumighty123:
Ok fine, share the one you gave to the foreign based whoever, abi

I don't help again. Make we.all dey wicked dey go. Me sef too nor find help here

ednut1:
you dont know how to read . Keep doing your inspire to aspire

Boss. You're in Canada. Speak Canadian happenings. But don't speak with absolution about things outside your orbits. People are doing business here. From Abuja to Island in Lagos, people are building all sorts of projects. Businesses will fail massively but some won't. But don't pitch an idea that businesses could never be profitable in Nigeria

ednut1:
they are mostly inspire to aspire people looking for who to scam or who will give them money for business. A relative that is into a side of real estate don dey cash out tey tey. Don dey complain. Iron rod expensive, cement. Sales don drop too. Completed projects dey ground no buyers. Before people dey rush am .

Na so

Canada but talking as if you're in Nigeria.

ednut1:
i’m doing business in Nigeria. Some you lose . Some you gain. At least in my case i have salary to fall back on. I wont now come here to tell people who have nothing to fall back on to gamble all their money in business they dont even know well

You're doing business in Nigeria and you're telling the whole people who care to listen to you that nothing works in Nigeria. Is it fair to lead astray this way ?

cocoined:
Maintain contact how?

Keep in touch

ednut1:
if you are not business oriented you will lose that money. My best friends dad has a nylon making factory. No think say na novice we be here.

What's our problem with your friends failure. You're in Canada you're judging Nigeria. Peddlers of bad news. I won't argue with you about Canada but you've got nothing to talk about doing business profitably in Nigeria.

cocoined:
You are giving me some hopes. How about I join them?

I can't because my attention to first training is very low. I don't have that mental strength. I'm stretched offline. If you maintain contact over the months I can hire you to work as one of my virtual assistants over the next two years

cocoined:
I have laptop. But don't know how to make money with it. I am tired of my life.

I have almost eight young dudes on this forum I pay monthly to work for me. In the right hands, you'll see that life is worth it

cocoined:
I am gainfully employed. But haven't been paid for over 4 months. Since 10th of July to now I haven't gone to school. Family and friends that promised to help with some token are just ignoring me.. life is wicked

Next time don't work for anyone beyond one month before being paid

Do you have a laptop. Why haven't you taken an online work that can give you like 15-20k per month ?

Go and apply for cleaner work in school or POS agent you'll get atleast 25000 Naira monthly

id4sho:
Motivational speaker

As expected. When you live online and don't work don't read don't apply don't produce don't improve. Ofcourse you'll be mediocre. I no kukula ask for investments of DMs

Babaken:
motivational speakers don finish this one head.

Na so. Na you dey run the businesses I dey run for me.

ednut1:
inspire to aspire. Multiple multiple. Where the staff will steal your money and assets. Like we never do business before or have people doing business

Typical Nigerian condemnation behavior. Do you know the number of Nigerians who buy polythene wholesale put it in their bus and move shop to shop supplying them. No intermediaries and making profits ?


Condemnation of everything leads people astray. Let's speak positively that makes pathways clearer not darker for people.

Palm oil. Lease palm oil plantations in akwa ibom. Have it processed and supply to cities. It is seasonal and as such doesn't necesiate your fulltime presence


Charcoal sourcing and supply.

ajumsy1:
I am a microbiology graduate. I am very hardworking and in intelligent. I need a job. It can be labour intensive but as far as I will be paid. I can wash and iron very well.

Post your email contact

ednut1:
If you are not business inclined or have run a business before you will surely fail and your 6m will vanish. Your will then go back to square one. People are talking about business person with 6m self dey talk 🤣

Even the 6m cant take you to any better country with the exchange rate.

Don't downgrade 6M. I'm sure you can't gift it out. With investment of 6M in ordinary polythene (nylon) retailing, after a year one would have made 300-500% ROI. The issues is people with capacity think some businesses are too dirty and do not think in the direction at all


6M can establish multiple pos centres


6M will setup multiple viewing centres


Drink depot's


Wholesale distributorship


Food joints or canteens


Pepper soup relaxation joint


Convenient stores

Etc

pascal558:
You speaking in parables sir and it's wrong generalising with everyone.

Okay

pascal558:
Wait, if you share am him to affect your profit?

Ok

attat:
Even though am not in support of war, don't get it twisted, Nigeria along can finish Niger.

Russia had such thoughts too. It's called wishful thinking