₦airaland Forum

Geosystem:
Flee stock market, continue in your real estate. I use God beg you.

Ugandatales:
Wow! Thanks for this. I am just starting out as a DJ, and I put myself in the shoes of the barber you wrote about. My equipments (Speakers, DJ Controller, Laptop, Amplifier, etc) are constant...I don't have to buy new product or ingredient every day. And in periods of low patronage, I don't have much to lose.

NiRfreak:
Expatiate more on the number 5.

MMXX:
What's the summary of this book please.

Never gotten around to reading it

Lush100:
Some biz/investment have limit else their risk will be high.
For peace of mind I can't do more than what I have sunk in it,
I wanted to increase this year but I had a rethink when the regularity of pay started reducing.

The other ones with no risk pays very low.

My salary is constant.

Hence I need to be on the lookout for something different.
No gain in resting on your oars coz the biz environment is ever changing.
What sells today may not sell so much tomorrow.
Comprehend?

golamike:
If you need veggies, I'm available.

Yungbliss:
I came in March
Serving in Yabo L.G.A.
I hustling with my onion farm
The street is rough


Why I made mention of rice is that,in Tambuwal L.GA.(close to Yabo),they deal in rice

Lush100:
Dear ma'am,
I have 3 sources of income in all for now.
I'm looking for a number 4.

It's not advisable for me to just go and do distributorship for the sake of it.
I'm out to make money.

If for example,
A new company with a new products that has the potential of selling fast and vast,
Then it makes sense to go for distributorship with them coz your (capital) commitment outlay will be lower since they ( the company) will be executing penetrating strategy.
I will also get value for my money.
I could even apply for exclusive distributorship.
But if it's already saturated, it a waste of investment.
One will be struggling to break even.
I don't want that.
That's the best way to enjoy distributorship biz.
I'm thinking of other line of biz.
But what most biz people are doing now is using the format of ShopRite.
Be a distributor for many fmcg,
Buy at distributorship price and promos
Ans sell as retail instead of to dealer(dealership).
This they can keep therir prices low and have very huge turnover of sales.
The issue here the capital outlay is large.
But some are able to overcome by adding other areas
Check out foodco.
Living spring
Fola Mart.
All using same format.

NB.
I have called/tried some companies
U think about 5
Their available location are outside my catchment areas and already well know company brand have high entry distributorship outlay and skewed terms.

PitexyBaba:
Wow! So nice! What's she into? Ma

PitexyBaba:
Wow! So nice! What's she into? Ma

PitexyBaba:
Wow! So nice! What's she into? Ma

Yungbliss:
Evening bro....
I can be one of the suppliers
Serving in Sokoto
Onion is my basic product
Rice is also to be added
If possible,we can talk more via phone call or whatsaWh....0-8-0-2-3-7-0-7-4-2-3

ebullient19:
I followed through all the comments till page 9 and I must say that I have learnt a lot. I pray God help me to get a job and save at least some capital in order to start my side business

Lush100:
Sir,
I work 8-5.
I have 2 other sources of income.
I want to add a 4th one.
Fmcg is the one I think I can do while still working.
Most fmcg distributor around my location are already saturated or shared.
I'm just searching for info to see it it something I can do.

PitexyBaba:
Nice.
I wish to learn forex too..
The losses people are shouting daily made conclude it's more like gambling....

Elyn22:
With the 3 byke, I was still looking for other sources of income, my 3 kids in School then at pre nursery were always coming up with so many home work at age 2+, they were not picking at all, the way I expected them to pick, I found out I was the one doing most of the teachers work, funny enough the school fee increased, I pleaded with Oga to withdraw them from School, since am not doing anything, I'll be taking them at home, it was another serious battle, neighbors were coming to pokenose why I had to drop my own kids because of little increase in school fee.
I no kuku send them, I pleaded with Oga since the school fee was 20k each making it 60k termly, to be paying 5k each for the 3 of them to enable me buy textbooks and other materials the kids will need, he refused.

I started taking them at home, after a week, 3 family joined in, Oga warned me seriously never to use his room for any form of lesson, he never knew he was helping me climbed, so the lesson was outside the house.
Before the end if that term I was already counting 15 pupils.
I taught of upgrading myself since am into teaching, I had to enroll in Nigeria teachers institution (NTI). It's a four years weekend program, I paid myschool fee from the money parents were paying as lesson fee.

I was in this lesson for like 3years, my population did not exceed more than 25 foe this four years, I had to roof a space around my place to avoid rain and sun beating my pupils.

I had to vacate my area because of low patronage, before vacating my area I don't have a dime on me when this idea came up, I had to sell to of my new bike at the rate of 80k each, went to rent 3 rooms in a place very far from mine, my people, it wasn't easy at all but God saw me through, whenever I remember what I pass through that year, I always shed uncontrollably tears even as am typing.
To God be all Glory, that term of relocating I was counting 60 pupils, the 3 rooms was too small for us, after one session I add to relocate.
My husband has a land a stone throw from the school, so I pleaded with him that I want to start developing his land instead of paying rent, he accepted, my people Oga is into sales of building materials, but refused to assist me, I never mind because I know the taught of all his act will pull me down.
I was able to build 5 class room the next year and was counting 100 pupils, the next year, I added 3 more classes making 8, now my population is over 150.
Oga started threatening me last year to leave his land, the threat was so much that I had to pack out of the house and rented an apartment somewhere, I stayed there for like 6months, he started coming for apologies, in the cause of my six months outside my family, he had serious accident like 3 times, people were coming to plead on his behalf, I had to accept because of my kids, it was really telling on them. We are settled now by the Grace Of God.
Last year November I bought a land close to the School which is bigger than where I'm using presently, and just last week Thursday God blessed me with a School bus of my own.

I can't thank God enough, he has done so much for me.

The story is more tougher than this but for the sake of writing, I have to shorten it.

Nothing good comes easy, we'll have to strive until something happens.

cayorday89:
Boss, can I message you, I go like learn from you especially on they foodstuff part..

cayorday89:
I did helped her out then, I was like the distributor, I used wheelbarrow to deliver to customers, she stopped the business long time ago cos of travel stress and she is old now, but from the lil experience I can manoveur things through..

Tarabye:
One of the best post I read in this platform
Investing into real estate is top notch made a lot of profit from it this year, I'm considering to invest into stock market soon

Elyn22:
Mine happens like 8 years ago, one thing in life is showing consistency in all we do, got married to a very stingy man that refused to assist me, tried all I could do back then, one thin I promised myself was not to work under anybody, who would want to employ me then with just waec result.
Ventured into selling Ok bags shoes, clothes etc, sold liquid wash and so many petty stuff but the money was not coming in, reason why my OK business did not yield profit was that I started it with a capital of 12k, I was nursing 3 babies at then, when ever I see what will be nice on my kids and even myself, I don't sell, I keep for our usage, the business as at then was somehow stressful, because I don't have a shop, I hawk this clothes mostly couple with my 3 kids, Oga was not ready to give me even ₦20. He sees every reasons not to give me, funny aspect of it was that he doesn't want me to do anything, all he wanted was for me to sit at home 24/7.
It wasn't funny back then,but to God be the Glory my life is a testimony.

Since he asked me to sit at home all through as a good wife, I had to obey and use my brain. I organized monthly contribution of 15k foe 12 people from January to December, I don't have I dime of my own, but I madee sure I picked January, February and March.
I collected forJanuary ,total amount was supposed to be 180k, but picked for 3months and was not having any source, so that made the money 135k.
I went to buy a new bajaj motorcycle, gave it for higher for 130k with a returning fee of 5k weekly, at the end of February, I collected the 2nd bought the 2nd machine and also collected for March and bought the third byke.
My monthly earning from the 3 byke became 60k monthly, by April and the rest of the months, I was able to pay other people collecting and still have extra 15k of my own, that was the beginning of my breakthrough.

If you're following up let me know so I can continue

PitexyBaba:
What type of business and where?
Thinking of starting too ....don't know exact one I can try

Rayo14:
Really! How what was used been on drugs still no improvement and done herbs still same pls can anyone help with what to use thanks

waistbead:
Akuko! Because her matter don enter NL grammer don change to overwhelmed ...@lilsyd let's call a spade a spade TTC is draining enough and not after coughing out such amount for a procedure that wasn't + then d Dr would be giving his/her patient attitude....I believe you're the front desk staff you want to cover up for grabbo.Overwhelmed indeed.

cayorday89:
Thanks for the advice boss, I have lil understanding of these, cos my mum was into the business long time ago and stopped it, and now I have no time to spare to learn cos man Don old with no other source of income..

rotadeco27:
Hmmm. Thank you guys for this insightful write up and comments. I'm a professional with a very busy schedule, has been able to save some cash and considering sending my wife who is highly entrepreneurial ( but I have been on her neck to do her masters programs ) to go learn animal feeds and production so we can put our 5acres of land to profitable use . The write up has gingered me , I have to proceed as planed . Thanks Alterboy

cayorday89:
You are very much on point @OP, this coming year I have decided to go into business after losing my job and I currently have like #800k, I want to go into foodstuffs buying and selling from other places to Lagos.. But the only obstacle I have now is how to get those products from other states at good prices.. Still making my research though and asking people around but only few are cooperating, foodstuffs like yam, rice, beans, garri, plantain, onions, palm oil, groundnut oil etc..

lekonso:
Govt can't ban betting. Betting has been on for many years. It was called pools in those days and it has been on for many years.