₦airaland Forum

hungryboy:
My oga,
You no dey play politics?,
You no sabi how politicians dey settle boys?

Oya account details

Lateefah06:
same

Please re-add me.

hungryboy:
oga you just leave thread like dat without to settle boys,
You no try oh ,

But anyways,
i wan be like you when i grow up,

How you want make I settle?

[size=18pt]Conclusions[/size]



Finally, as I leave this thread I want to do the following:

1. Apologise for all typo errors, I just typed straight from my phone no proof- reading of any sort.

2. A big thanks to MizMyColi.


Thanks to you All and Bye.

**** edited ******

[size=18pt]The MTN DATA BIZ.[/size]



I did this business, I started with a mairalander MarcJoe and later we went our ways. It made us even more successful individually.

The Data Biz is very profitable. I do get a 75Gig of Data then for N52,000

I then sell 1 Gig for N1,000. I sold on nairaland. I slashed my price. I always finish N75Gig in two days. This means a profit of roughly N23,700 - N25,000 ( excluding all phone calls and personal gifts and data's. ).


I later stopped the business when Mtb limited the Number of Shares to 10.

I sold my data on Nairaland and several people here know that


Now the Data Biz is not a crowded market. Too many sellers.

However it does not mean you can survive. April this year if all things goes through I will be selling data via a special USSDN. Everything still 40% on way.

Now to invest in the data biz today requires N10,000 and you get to sale for N1,200 and get a profit of N2,000. If you fast you can sell 3 Batches of 19Gig making 6,000 a day.



Cc: MarcJoe ( my elder man ) , Octavo ( Boss / Papa ), IzikJohn ( Supplier ).

ednut1:
Hmmmm. This year i go dey ignore all this kind yeye news. Na how to make money like ymodulus sure pass

Lol! My oga. A little work a little relaxation.

omogetoun1:
Ymodulus, I remembered, I asked for ur help on BBM or whatsapp, can't remember which means cos it's been a while but u didn't respond well. Though I felt bad but guess u just didn't want to help. Any ways keep up d good work

Sorry re-send your invitation again ma

[size=18pt]The Currency Business[/size]

The currency business, is the best business I have runned till date. And still running. In the currency business. It's the best thing ever to happen to my life.

Story
When I first start the currency Business I lost 1,126,000 and had to settle back using my savings.

The Idea

Funny the best business ideas I worked on, where all gotten when when driving. I started the currency business last year around September.

I noticed then that, a lot of Chinese importers pay as high as 245 naira per dollar to import goods or send money to china. This is the black market rate of the dollar.

Failure
I thought to myself why can't I generate a way to send the dollars to china at a very cheap rate? Then I tried and I and a nairalander who schools in china TdayoF we both agreed to send money via money gram. It backfired. I did another it backfired I lost heavily I ended up using the returns from my car to settle up my Chinese clients. I lost N1,126,000 approximately.


Some days later I heard on Nairaland from a close nairaland friend who I introduced into the importation business ( Jeff1506 ). I heard from him that a bank by name stanbic bank charges N199 / $1 to pay online. Then I quickly contacted my friend shinaf ( my business partner. Trusted, even though we have never seen till date ).

Aliexpress Platform
We contacted a Chinese friend , who is a Chinese. We told him then that we will pay for items on his store using our Naira Master Card. And that if we pay for an item, we will confirm the order and he uses the money to pay into any Chinese local account.

Note! Aliexpress requires 15 days after which orders are confirmed for seller to get his money. But we wanted the payment to be daily and so we needed someone who can trust us and will use his money pending the end of 15days.

Our seller was the right guy. He is very rich, as he has done official jersey and contract deal for Barcelona Fc , Under 23 Argentine football club, he runs other business.

Mathematical Breakdown
If we pay for an item of $1000 on aliexpress this is how the payment goes.

Chinese local Account = $1000
+
Aliexpress 5% = $50. ( those who are familiar with aliexpress knows that aliexpress takes 5% of any payment as profit. So I and my partner catered for it )

+

Chinese partner 1.5% = $15.

Total = $1065

Now when we want to pay into any Chinese account the sum of $1000 we will pay online $1065.

Now

$1065 * 199 ( stanbic rate for dollars as at then ) = N211935 / $1000= N211.935 / $1 ( exchange rate).

This means the rate at which the dollars gets to Chinese local account after all addictions and all expenses is N211.935 per dollar

Selling the Dollar

Now as at that time the Dollar in black Market is N245 / $1. And 98% of importers use black market rate.

In Lagos if you want to send $1000 for example and the rate is 245 per Dollar. The sending company charges you N3 per each dollar as sending fees. This means you are actually sending at N248 per Dollar.

Innovation
I and my partner sold ours at N235 / $1 . lol! We crashed the market and this got our phones buzzing.

Who were our clients?
When we started my partner shinaf ask us to focus on Nairaland Business. I refused, we even had misunderstanding over this. I told him that I want our customers to be the rich. Then he called me over ambitious fellow. So I made sure I handled marketing of the dollars. I used my connection with owners of big shipping companies in Nigeria and told them what I do. That way we sell to them N235 and they sell to end users 248. We build up our clients base.
Some of our clients include.


***** Redacted ******


Issues
* Every Stanbic card then had a limit of $5000 per card per day. And we always needed to pay up to $20,000 a day. We had to contact some nairalanders, and use up their limit for that day. If we contact a holder of stanbic and uses up his card limit for that day we give him 2Naira on every $1.

This means we pay the nairalander N10,000 just to load his account and make payment online. Our trusted fellows were jeff1206 and one other nairalander.

We had 4 Cards Every day we pay $20,000 online.

Now profit.

For every $1000 we send to china we gain this.

Our selling price = $1000 * 235= N235, 000
-
Our getting price= $1065 * 199= N211,935
=
Gain. = N23, 065

We gained N23,065 per every $1000. And the lowest money we send a day is $3,500.

Note at worst, when we say we there is no market for that day we send $3,500.

So we continued like this in a day we made roughly N60,000 worst case scenario.

Funding
We started with N734,000. All Investors were nairalanders who I have done business with on close level.
We gave them 10% of their income at end of month. We never got to month end. At 3rd weeks we refunded all their moneys. And interest.

Sad Storie

Banks began misbehaving with the cars daily limit been $300 per day and rate going so high with black market rate. There was no way we could keep up. We withdrew and relax.


[size=18pt]Currency Business part 2[/size]

During December, we got a means where by we can send Dollars at a very cheap rate to china, the dollars arrived china at a rate which gave us a margin profit of *** Naira

We made use of the opportunity and continued sending. We still made sure our clients were the rich and big guys. We still sell more.


In currency business 2. Some nairalanders where part. I employed some on contract basis of N4,000 a day. Also thanks to my close Banker friend who is also a nairalander. Thanks for your daily assistance. He gave us all necessary help and if I am to say he has like 30% of the business .

In currency business 2, we are making far far more than pattern 1.


[size=18pt]January 2016 and new way of currency Business[/size]

Due to the cbn regulations, my partner and I got to search for new ways of sending and we didbgot one.

We got a company in Chicago and new York that sends money for Nigerians to Nigeria. But they had a fault. When Nigerians goes to pick their money they get paid at bank rate of N198 / $1.

We cashed in on this contacted the company through someone I know ( its like person connect us to the oga at the top ). We told the company we can pay them at higher rate. They agreed.

So if they are to send $10,000 today........ ***Redacted ***

Now all we require from them is to send our money directly to china. We cater for charges and all and our Chinese agent picks the money and keeps in his account for us.

This company now use us very well. And we do at least $2000 every day from them. And we make going to N80,000 from the deal.



Competitors and Progress
At this point in time. I am now the official money transfer agent for 3 companies.

*****redacted ******

Success

My rate still outshines all. I play and underground facilitator while they shout to take the credit. But am happy as long as I make money and they make money.



***Photos***
I sent my seller $3749 on Dec 30 via our new way Currency 2.0

***second screenshot today: I sent our seller in china 983 from the united States of America.

His gain is $15. See him doing subtraction. We sold the $983 this afternoon around 1pm. Our gain is around N46k to be shared by my partner and I.


[size=14pt]Sorry I had to ensure that I don't release sensitive informations about this business, so I couldn't go into details about means and how I sent them. It's best it remains this way.[/size]

...

idu1:
Ymodulus, am waiting for explanation on the currency business.

Yes am about doing so.

Am just trying to redact sensitive informations. I still run these business till date and is my main source of income and one of my biggest client in the bank is a member. So I want to strip the information to a skeletal phase yet making it very informative.

How you dei bro? Long time

4nobody4every1:
@Ymodulus,l like your courage & determination, l can relate with the transportation business as l have done it severally in the past on higher purchase basis, [b]but truth must be told, some drivers can kill your entrepreneurial spirit if you are not carefu[/b]l, all you highlighted in the transport business is spot on, some drivers are full of porkies, it is better to go the route of higher purchase and have rest of mind, be that as it may, the business terrain in Nigeria is not for the fainthearted, you must be ready all the time like a lion to overcome the challenges or else the unfavorable business climate both governmental & human can frustrate all your efforts, kudos to you..

Yes. For mebi try to interact with my driver on a close level. For example, currently am managing a friends vehicle for her, she never wanted hire purchase and the driver frustrated her life.

She is a nairalander here.

I then took over management, changed the remittance pattern to hire purchase. I even hanged out with the driver yesterday, I went to the cinema he took me and he was to turn back I asked him to go in with me.

I paid. She was against it. But in all now she asked me why does the guy like me and not her?

So I think been friendly to your subordinate or workers goes a long way.


However never you pick a married man to drive your car or Keke. If not you are a Gunner for life.

Sincere9gerian:
Nice thread. But what is the best way of sourcing good fairly used Keke?

Meet the mechanics.

I have a mechanic friend an elderly man. He knows I can settle him. He tells me the when a good keke is available for sale.
Before we lost the election I introduced him to some officials and note he repairs their vehicles.

I know we all have class, and would like to keep our respect. It also pays to mix up with them once in a time.


If you stay in Kano , Niger. I can give you his contact

madenigga:
Yorubas dont use akamu its the igbos.
the term yorubas use is ogi take note.

Lol. Thanks. Correction noted.

modath:
Ymodulus ,

Learnt a thing or two which I'm 100% sure gonna apply but the part where you quoted for something & supplied something else is not cool .... I'm getting that one can't be truly successful/contented without cutting corners!

This is not about faith or religious grandstanding but it Doesn't speak well..My 2k...

Yes I get you. I don't cut corners in personal job. But when it comes to any political job. You have to play to the tune of your superiors.

Also most items won't be crosschecked. They just pay.

My supervisor special assistant to the aspirant then, wasn't helping matters. He encouraged it.

However I was wrong and will accept I was wrong. It's wrong to cut corners.

Thanks Modath

yusufobinna1:
please ymodulus,please kindly help me with your email so we can talk privately,cos my father is into this business already but I want to help him go into importing directly.thanks very much.And m also thinking of quitting my job as a contact staff in one of the banks.I will appreciate your response.waiting for your reply

Depends on your salary.

Don't just resign with nothing solid to do to get constant income.

If you have at least 3 stable income means. Then you can resign.

francizy:
For the yam business, what were the challenges you experienced transporting them to Lagos, especially at checkpoints?

Thank you.

no challenge bof suchm

Truck drivers do the transporting.

signz:
Exportation is very good. But the know how is where the problem lies.

We've received importation trainings here in NL from people who actually import things. But I'm yet to see a true exporter here or in real life apart from maybe Multi millionaires with huge capital war chest. Just like Ymodulus & Co helped many pple here with import business, we need pple with hands on experience to teach us about export biz and not information marketers/bloggers

Sometime 2015 I read that EU placed a ban on our agro products. Has the ban been lifted?

The problem is that we kill ourselves when you go to export, some fees you pay are not helping matters. Structures on ground are also not encouraging. Though some people still export though.

If you know Jebba - ilorin road close to old Peugeot office ( abandoned now ) those charcoal you see there are all been exported.

I will be traveling next week around that area will stop and make some findings.

[size=18pt] Inter- state Transportation Business[/size].



The transportation business is a very tricky one. One that is for the strong hearted. It's a cool business.

Sometime August, I went to Lagos. Then I drove all the way from Niger to Lagos State with 4 passengers ( Nysc Corpers ). On my way back from Lagos, I picked up 4 passengers. And collected N5000 * 4 = N20,000 each on both trips ( I.e going and coming )

The car was the Honda CrossTour. Though fun. But I nearly escaped death then, an accident around Bida with a Trailer. On getting to home, I began calculating. And deducting money for fuel.

I noticed that I spent around N7,000 to full the fuel tank. And I used 3 quarter fuel tank from Minna to Berger around the bridge close to Total filling station where you take a vehicle to Leventis area Ikeja. There is a Mr Biggs at that station.

Now Deducting N40,000 - N14,000 = N26,000 . That was my profit.
I thought to myself why can't I do this full. The truth is its very stressful to drive a car from Niger to Lagos or vice - versa. It's so soo stressful. I can go Abuja to ilorin or Osun that's okay but Lagos is so stressful.

Then I started making enquires, and I got to know about Sharon Vehicle. That would be my first time I knew the car name is Sharon, I thought the Sharon was just a design

Business in Details
I got the First Ford Sharon for 960K ( I was cheated ), even though technically I won't call it cheating because its business and all based on negotiation. I paid the person who drove it from Lagos to Niger N10,000. As at that time I don't know how to drive Manual Cars. Lol! ( I can drive that now ).

I didn't pay for Plate Number, I used a man I know during my political job in the state. He works with Frsc, before leaving. He arranged everything for me. And never collected a penny till date. He told me then he like when young people do something bla bla bla encouragement and old men talk. You should know old people and how the behave with advices like them alone have seen the world.


Cost Break Down

1 * Cotonu second Hand Ford = N770,000 - N850,000 ( Last time I got was around November, its around N770, 000)

1 * Plate number. Settlement and bribing inclusive for commercial plate number was N53,000 ( I did for a friend December last year )

All registration union and all are settled by drivers. ( I know nothing about how they pay )


Method of Remmitance

There are two methods
1. Daily Balance
2. Hire purchase


I don't do daily balance, as its unprofitable in the direction that the driver begins to tell you all manner of stories like,
* Telling you how Buhari was on the road and he seized the vehicle, so he couldn't work *
* How amaechi love the car and collected it *
* how vio pursued him and all those lies *

Hire Purchase: here you both agree a price which the driver should pay in installments after which the car becomes his.

On my own experience driver and I negotiated, He was to return N1.5m on a N970K investment car.


Mode of Business

1. He runs intra state ( Lagos - Abuja , Lagos - Kwara, Abuja - Kano )/

2. Cargo Business from Lagos - Abuja.


Cargo

For the cargo business, all I do is I contact most shipping companies that are to send goods for their customers down north. When they compile the Goods, which they do every Friday Saturday, I send my driver to go pick them and he begins to drop each goods from Ilorin , Minna , Abuja ( Final spot ).

Anytime I ask my driver to go pick cargo goods, for that day the arrangements of profit is 60% - 40% ( 60 for me and 40% for him). The cargo business, there is much money than even transportation.

For example:
* if a passenger is to pay for a seat from Lagos to Abuja he will pay N5,550 as at then.
*However if I am to collect 10 Phones and place on a seat. I will collect N1000 * 10 = N10,000.

Do you get it? I love doing cargo than running transport.


Improvements on Cargo Business
* I later met with SOJ Cargo in minna, they don't send goods on Saturday and Sunday. I was now the one helping them to do so but at discounted price.

* I helped two boutique Big boutiques in Minna there to move their goods from Lagos to Minna. These guys goes to Togo to buy Nice Prada Shoes and slippers and clothes. So when they do, the oga calls me on charter basis and my driver goes picks them.

Transport Service
* Basically the normal Transport you all know. Its nice but I didn't get much returns from this like from cargo.
Recall when ever I do cargo that day is cancelled and my driver and I share profit strictly.


Issues
* Many complained that I was giving the driver so much freedom and it will hit me back. I was scared but I was successful. It never had a side effect.
* At one point in time , I had to do wheel balancing and alignment of the vehicle. I never wanted to spend money but had to as it broke down around Ogbonoso area.
* I have to shout on driver several times to always wash the vehicle.


Status of Business today
He completed the money, and vehicle now his.BFunny thing I got the vehicle and never drove it , till it became his. As I never knew how to drive a manual car as at then.



Wil I go back to this Business
I just did, recently. I went to fix money at a bank and the interest was nothing to write. Home about, I left.

I always wish I have patience for Treasury Bills. But na them seun get time to do that biz. I like sharp bizness sharp Money.

The Yam Business

I ran this business some time May June this year. I write about my experience on nairaland here. The yam business is a very interesting one.

This business made a lot of family my friends. . I share free yams. Lol!

Below is a guide for those who want to go into the business. I shared it on nairaland here detailed



[size=16pt]Table of Content / Indexing / Reference [/size]

We have some set of people who may want to read this thread but will be discouraged because of comments from various other members. Now this reference guide is who do not want to read the whole thread, Just want the important points follow the links below.


1. Pictures of Yams / Yam market ( Using Garatu as case Study )
https://www.nairaland.com/2273546/it-yourself-yam-business-version#33032568

2. Requirements.
https://www.nairaland.com/2273546/it-yourself-yam-business-version#33033165

3. Business Problem.
https://www.nairaland.com/2273546/it-yourself-yam-business-version#33034191

4. Locations where Yams are/can be sourced from?
https://www.nairaland.com/2273546/it-yourself-yam-business-version#33034507

5. Necessary Logistics when buying Yam
https://www.nairaland.com/2273546/it-yourself-yam-business-version/1#33069202

6. Pictoral Description of Logistics
https://www.nairaland.com/2273546/it-yourself-yam-business-version/1#33070934


www.nairaland.com/attachments/2340504_img20150423181337_jpeg732b048fbe63b370badc3cd2ee341db5

www.nairaland.com/attachments/2340505_img20150423180721_jpegb7fdc18a47f7b50367b800c8b5961b56

www.nairaland.com/attachments/2340506_img20150423180738_jpegc3c969f5be97e0020757a8d43689ce6d

www.nairaland.com/attachments/2344133_img20150424184324_jpega359345ec4edc47bae12356eae08a6ff

www.nairaland.com/attachments/2344134_img20150424184600_jpeg482f24436518344d34959c115b344bd3

www.nairaland.com/attachments/2344135_img20150424184805_jpegda35c10004a1c70474c0bf5b06c290b6

www.nairaland.com/attachments/2344136_img20150424184939_jpeg291cd17cdfe0aa0ffbc8d1544cb5e76f

www.nairaland.com/attachments/2344146_img20150424190227_jpegffa24dc0019ffeee2ac907a6d5efa608

www.nairaland.com/attachments/2344149_img20150424190601_jpegd3ebf9ccbd408b40f90c0828f8a17156

www.nairaland.com/attachments/2344151_img20150424191441_jpega2d6224d303c0c01038561e0e0f47840

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www.nairaland.com/attachments/2344162_img20150424185839_jpeg02115798d3ffcf6f665624764a708e3a


www.nairaland.com/attachments/2393889_img20150509183924_jpeg5ee4cbbea6ef802cd34f96a129fb4856

www.nairaland.com/attachments/2393890_img20150509183227_jpegb1c48eab53a76a37b8e6b8afbca64ba0

www.nairaland.com/attachments/2393892_img20150509184020_jpeg030a666cb75f2ec0a0a2a005cc103017

Importation Contract Version.

I did a detail explanation of this business on this thread. I explained everything.


My experience:

I did souvenirs for the Peoples democratic party Minna Chapter. Governorship Aspirant for 2015 elections.

Alh. Umaru Nasko.

I knew his personal assistant. I also act like a boy boy to them loading recharge card , running errands.

Deals settled for party.


1. Flash Drive

I imported going to 2000 piecs of Flash Drive. The drives were Toshiba chip. They cost around N520 to get in as at that time for 4Gig , 8Gig , 16Gig via expressed


Corruption played

* I told the officials that a flash drive will cost 1000 per piecewe negotiated to around 900 and something I can't recall. However on the receipt I signed that eache flash drive were N1300 / Piece

* We budgeted for 16Gig, the person who gave me the contract ask me to mix 16Gig with 4 Gig and we cut the other money. I had no choice. I even went ahead to make 16Gig only 20Pieces and mix 8 Gig and 4Gig all together.

* I told them Samsung chip glad drive better than Toshiba and expensive than Toshiba by N40Naira. I was paid for Samsung.
But I imported Toshiba and ate the N40 naira each. There was no way of verifying. Don't blame me. Blame the assistant who granted me the Job.

Matches Box
We brought in 10,000pieces customised of Governor's aspirant pictures.
Each match box was 45 Naira a piece. I made sure I added 10 naira of my own gain to it. The matches were distributed to Guni Local Government area. When you going to Kogi from Minna following Laipai area. You will pass this local government.


Hand Bands

Can't recall quantity but I think around 5000. However I can't recall exact quantity. A band goes for N250. They were glow in the dark bands.


Jacquard ( those stuff football fans cross around their neck in times of cold )

On the receipt I wrote 1000pcs of 95% fur jacquard. However I did mix up below par.

In the game of politics, your superiors wants to eat and you too have to play wise and eat too.

Customised Native cloth with Governors Picture
Hahaha. The name of the tailor is even Buhari and we were die hard supporters of the Buhari. However we had to eat our own share of the local cake.
Today we still hangout when am in town.

So sad, while I was an APC - Buhari Die Hard, I wanted Pdp to win in Niger State for personal reasons. .

But Apc ended up winning. Even though I have close ties to both parties state members, I enjoyed that of PdP well.


To have an idea of how to customise and approach organisations, so as to pull things like this read this thread...

https://www.nairaland.com/1990482/it-yourself-contract-version

I posted a detailed tutorial there.



[size=16pt]Table of Content / Indexing / Reference [/size]

We have some set of people who may want to read this thread but will be discouraged because of comments from various other members. Now this reference guide is who do not want to read the whole thread, Just want the important points follow the links below.


1. Introduction
https://www.nairaland.com/1990482/it-yourself-contract-version-phd#27892587

2. Reference / Indexing / Table of Contents
https://www.nairaland.com/1990482/it-yourself-contract-version-phd#27892582

3. Examples of souvenirs, custom items amd services
https://www.nairaland.com/1990482/it-yourself-contract-version#27893514
https://www.nairaland.com/1990482/it-yourself-contract-version#27894025

4. Required Tools / Knowledge
https://www.nairaland.com/1990482/it-yourself-contract-version-phd#27894601

5. Appetizer
https://www.nairaland.com/1990482/it-yourself-contract-version#27894832
https://www.nairaland.com/1990482/it-yourself-contract-version#27895451

6. Problems / Proposal
https://www.nairaland.com/1990482/it-yourself-contract-version/1#27921558
https://www.nairaland.com/1990482/it-yourself-contract-version/2#27927081

7. Encouragement Stories
Story 1: https://www.nairaland.com/1990482/it-yourself-contract-version/2#27927920
story 2: https://www.nairaland.com/1990482/it-yourself-contract-version/2#27928298
Story 4: https://www.nairaland.com/1990482/it-yourself-contract-version/2#27929324
Story 5: https://www.nairaland.com/1990482/it-yourself-contract-version/2#27929644
Story 6: https://www.nairaland.com/1990482/it-yourself-contract-version/2#27930823
https://www.nairaland.com/1990482/it-yourself-contract-version/2#27931426

8. Game ( All work and no Play makes Jack a DULL BOY )
https://www.nairaland.com/1990482/it-yourself-contract-version/5#27974145

9. Writing a Proposal
Proposal Model 1: https://www.nairaland.com/1990482/it-yourself-contract-version/5#27976262
Proposal Model 2: https://www.nairaland.com/1990482/it-yourself-contract-version/5#27976709
DIFFERENCES / SIMILARITIES between PROPOSAL MODEL 1 and PROPOSAL MODEL 2: https://www.nairaland.com/1990482/it-yourself-contract-version/5#27976711

10. Receipts
https://www.nairaland.com/1990482/it-yourself-contract-version/6#28011692

11. Added tips about proposals
https://www.nairaland.com/1990482/it-yourself-contract-version/6#28011859

12. Executing the contract / Customizing Branded Items
https://www.nairaland.com/1990482/it-yourself-contract-version/6#28012230

13. Payment and Funding of Contract
https://www.nairaland.com/1990482/it-yourself-contract-version/6#28012674

14. Conclusions
https://www.nairaland.com/1990482/it-yourself-contract-version/7#28014065

15. Questions and Answers
www.nairaland.com/1990482/it-yourself-contract-version/7#28014065

GAME: https://www.nairaland.com/1990482/it-yourself-contract-version/7#28014563


www.nairaland.com/attachments/1859480_asd_jpeg0c49cdfacac6c059a4fe320b9a38b17f

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waice6571:
I am living witness to the goodness Of God.

Which God?

Your God? If your God then he his a very wicked one as he sent me down, to suffer humiliation.

Seizures and collapse in public that brought shame to me. Regrets to point of dieing.

If there is a God, he is definitely not a good God.

God committed genocide and killed millions in the bible. Yet you tell me he his good?.

He should be tried for genocide. I will personally put otapiapia in his food , that's if he exist

[size=16pt]Mai Shayi Business[/size]


I did this around January, February 2015.

How I got into the business
I and group of mates always visit this mai shayi spot, discussion started between I and the person in charge talked at length in hausa, when he found out my place of birth we became close frnds and more. From him I got to know more about the Business.


The Business in details

Mai Shayi is an hausa term for someone who prepares and sell tea for a living. They also prepare indomie. I believe those in the north will know what I mean.


Location of my mai shayi Joint.
Chanchanga , Minna Niger state close to a COE Minna.

Reason for my location
None per say. I just followed the advice of the huasa guy and his friend.
At times you just have to keep your experience and book aside and listen to those guys on the street. They know a lot of things than you do

Anatomy of Business

I had a batcha set up with iron pole and cellophane covering to prevent winds
Table and got pots ( Can't recall how much I spent on this )
Indomie X 1 Cartons ( 1 small super pack )
Indomie X 2 Cartons ( 2 hungry man size )
Geisha ( 1 Dozen )
Titus. ( 1 Dozen )
2 Dozens Paper Disposable take home plate ( N20 / plate * 24 pieces )
Rubber Ceramic Plates * 12 pieces ( I imported for a clients so I took 12 pieces out )
Spoons.
1 Mini deep freeze Haier Thermcool. ( I was given this, specially for the business. )


In all total amount I used to set up the whole business was N78,940 excluding the some items I never paid for


Daily Renumeration
Mai shayi man gives N1700 / Day.

He doesn't give me money every day pays into my account every 3 days.
Monday - Wednesday paid on Wednesday via Gtbank E-Deposit
Thursday - Friday
Saturday -Monday .


Issues
I didn't really have much issues, aside the fact that I wasn't encouraged to sell bottle drinks. I have to go for plastic drinks, which at first was expensive but later moved well.

Control
I am a firm believer in the principles of managerial exception- A principle where by a boss only talks to his workers when something is wrong aside that he his free to do anything he likes. I learnt this from Warren Buffet.

I only call my boy when it comes to payment or at times I see him when I am around the area.


Status of Business Today

A planned payment package for handover was done. I gave him the business fully on June 2nd.

In all every penny from that business went to a special account I opened for that purpose. I opened the account and placed a PND - Post no debit order ( means I can pay into the account but can't redraw.

Today when ever I visit minna I still go to mai shayi place to eat free indomie and drink free lacasera.

Lol

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[size=17pt]Mai Kosai Joint.[/size]

This was just my own idea to add to the mai shayi business due to the fact that the space was big and no use for it.


BreakDown of expenses

I honestly don't know the cost of everything in this business. I just gave a female friend money after she told me likely cost of frying pan and others and she got everything needed.

1. Yam ( I didn't buy the yam. I always have enough yam due to my yam business I bought yam in bulk from Minna and send to Lagos or Ibadan. So I always have extra yam )

2. Groudnut oil
3. Frying Pan.
4. Other stuff.
5. Cooler
6. Plantain ( only the first plantain I bought . a big bunch )



I don't know anything about the pricing of this business.


Renumeration

Daily Renumeration.

She paid me every day N700naira and make the payment every 3 days. The Mai shayi Guy was the one who get the money from her and pay it together with his into my account.


Reasons I liked the Yam joint Business
I needed a daily means if income which I can use to cater daily expenses and not touch other means of income. The yam and akara business was one that helped me go a long way.

I was always spending 1100 a day on average 800 of which was from the akara business.


Issues

I never had any. Aside a time I paid the woman hospital bill, as she was burnt by fire.

She is an elderly woman and , I so love doing business with elderly people from my experience with her.

Though in some case I wanted to pass strict instructions, I couldn't as I didn't want it to seem like I am rude because I had the business. But she was so caring. She was always calm and quick to explain.

Her loyalty made me hand over the business to her without stress and I got her a gallon of oil and yam as gift when I gave her the biz.


Total cost of setting up the Biz

Apprioximately N19,000.
Note I didn't pay for batcha, because I used the batcha I constructed for the indomie man.


The yam business is one a student with little resources and daily income can go into

[size=18pt]Keke Napep Business[/size]

The first Business I did for the year 2015 was the keke Napep Business.

How I got into this Business

I had this conversation with a keke driver who was complaining that day bitterly of how the union seized his bike and collected N2,000 from him. He accepted he was at fault. Later he was caught again. I know the officer who caught him due to my job as a reporter in one of Nigeria's leading newspapers. I knew some force officers as I interviewed them in some case.

Discussion led to discussion and we started discussing about the keke napep business. He told me all there was to it l. I then replied him that I needed a driver he said he can get one for me.

I got the first Keke Napep from someone closed and hired the same man as my driver. How the business goes.

The Keke Business Proper
This business is an interesting one I must confess. However to go into it there are 3 principles which must be settled.

1. Location
2. Method of Remmitance
3. New or second Hand Keke


1. New or second Hand Keke. Which is best ?
I will advice you that if you want to go into the keke Napep business please get second Hand Keke Napeps not New one. Believe me it's best to buy something new good. But getting a good second Hand Keke Napeps is around 110 - 140k and the person will pay you double.

In Lagos you can easily make your money in 2 months 1week ( exact time frame my friend used to get hers back ).

There are good keke Napeps second hands.
Once more go for good second hand and not new ones. Many may decieve you that new are best, yes they are good am not disputing this. But me and you need sharp good fast money then second hand is the way.


2. Method of Remittance
The period of complete returns on a keke depends on two things :
1. the status of the Keke at time of purchase ( I.e New or second hand )
2. Does your driver work on Saturdays and Sundays ? ( Some people set any return from those days mostly Sunday as maintenance money. Some don't )
3. Agreed fee of return by driver.

There are generally two ways of paying a keke Driver.
1. Hire purchase
2. Daily Balance

I believe the two need no explanation just little extra tips.
I will never advice you to give your keke napep based on returns of Daily Balance. It's a No no. So help you whatever you believe in.

In transportation business drivers can be A pain in the house, don't even trust your brother and Lagos for that reason my brother you have to be wary.
Hire purchase is the best. In the North , Higher Purchase is what is mostly done and in the South East mostly daily Balance.

Daily return vary according to
1. Your state or Location
2. Status of Keke Napepe ( new or old )

In Niger , Katsina for example daily returns are N2000 and N3000 respectively for a new keke napep. And for second hand it is based on negotiation. But in Niger it is roughly N1500-1700/1800.

Note all the price can be subject to negotiation. However am giving you standard normal price.

In Lagos it is N4000 - N4500 ( for those plying Computer Village route ).
Note don't let anyone decieve you for the poster know what he his saying.

Now on the amount to return. There are two ways of paying back Hire Purchase.

1. Negotiated ( you and driver agrees that you bought keke marwa for say N400 and he will pay N700 )
2. Standard ( pay x2 the price. Takes place mostly in North and for second hand marwa ).


Note: payment on hire purchase is all based on negotiations.


3. Brand of Keke Napep to Buy
I can only speak for Kaduna, Kano, Kastina and Niger. TVS keke Napep is the best type, the parts are readily available and cheap. Also cost efficient.

4. Import a New Keke or Buy Here in Nigeria

If you have the know how to import, I will advice you import keke Napeps. Keke napeps are produced in India. But you can get from china wholesalers wholesalers.

Keke Napeps spare parts are produced by Chinese and are more cheaper. Most importers import the spare part from china. In fact All keke spare parts are Chinese, Chinese sell the clone cheap better than India.

22Keke Napep will make 1 20ft Container. It cost approximately 98k to bring in on the average per one ( tax and government expenses + custom clearance + cost of getting form m and all).

Note: there are cheaper ways to bring in keke napep far way cheaper than what Nigerian wholesalers sell.

I can show you ways to bring in keke napeps at flat rate of 35k per piece. It's possible. Everything is legal.

The keke business is a sweet business if you know your way and I advice students to run this type of business.

Below is a second hand keke Napep I got some time back.


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5. Cost of New Keke Napep
1. TVS ( N420,000 ) ** I imported this myself 11pcs but I got it way cheaper and sold back at N375k there around . if you know custom you know your way **
2. Michindra (435,000) as at Last Month November

Note! The above price is obtainable in Niger, Kaduna Kano wholesalers.

In Lagos, TVS is now 440K, Azubike Tricycles ( he sight dollar rate as reason for hike.)



5. Cost of Second Hand Keke Napep
You can get good grade 1 brand at N140,000 or N150,000.
But the general rate is N110-150,000 ( For good ones in good conditions ).




Thanks
Ymodulus

List of Business

1. Mai Shayi Business ( Indomie Joint )

2. Mai Koko / Kosai
Koko (hausa )
Akamu (Yoruba )
Pap (English )

Kosai ( Hausa )
Akara ( Yoruba )
Beans cake ( English

3. Importation contract Business ( Political contracts - my experience )

4. Yam Business

5. Keke Napep Business

6. Transport Business

7. Currency Business

8. Questions and Answers

Last year, 2015 , is a year I won't forget too soon. It's one I in which I took the bold step to leave the importation business into other areas.

I would have loved to share my experience in full ( I.e 1 business per thread ), but won't be doing so as am getting lazy.

However I have decided to give a brief straight to the point summary of all Businesses I ran last year, my strong points and weak points.

I will try my best to ensure, each summary can be of help those intending to go into this business.

OK. Now let's go

rheether:
Euthanasia should be illegal cus am a firm believer of miracle.

And how many people have been healed by miracles?

Yes I support fully.


Euthanasia is advantageous in many more ways than disadvantageous. It can help a patient in numerous ways: it can stop suffering and cause an impending death to come sooner and thus save a lot of heartache and pain. Just barely lingering on the border of life and death one should be able make a decision to slide into eternity with dignity, without pain, with their loved ones present.

As sad as it is, we should not force people to live in misery. It is also a fact that there are many diseases out there that can cause a patient excruciating amount of pain.

For instance, blood cancer can include symptoms such as bone fractures, repeated infections, and persisting bruises. If a patient tries every possible way to fight a disease but hits a dead end, it will simply be better to meet death in a dignified manner than die in a hospital bed not recognizing the person you’ve withered away to

Life is hard to live with any sort of terminal illness, in many cases death may be the better answer.

Its a new series, just started.

Billions.

More of a business kind of movie and wall street things. Geniuses and all that

Steve Jobs.

I hope the movie meets my expectation

MathsChic:
I agree

I never expected a lady to agree with me though.

Nice

djdoxxx:
you are the only person that have made sense while replying Young Modulus' post......others have just been ranting without thinking. If we were all created by god, and we are all in his image, this girl will not be born in such predicament.... Young Modulus wasn't saying she should be killed, but it is better she's laid to rest than suffer daily in her condition. I have seen people in her condition beg for death especially in the developed part of the world. We Africans think too negatively about death. Death is not a bad thing, it is a state of rest, d last function of all living things. There's no point to continue long suffering when there is a natural way out already. And yea, it begs for her permission....isn't it also funny that an imaginary god that created someone like this is still thanked by his deluded followers for him helping out by providing a wheel chair for her? Where are the pastors in the country claiming they perform miracles, let them come and grow back her limbs with the help of their imaginary holy spirit.

Thank you so much.

You understand me well.

I can beat my chest that if my child was born with great deformity I would have given the consent to take her out as a baby.


We have suffered a lot and no God is helping us, no pastor is carrying out his miraculous scam to heal the limb. Why let the poor girl go through suffering?

It is this same country that some will not want to help her because she is Muslim.

I don't know why Nigerians hate to accept facts.

djdoxxx:
quit replying this retard, its new year....it delights em to see you reply them.

I just did. I was even foolish for replying him at first

patrickdarlins:
he is a pathetic fool.. Don't waste your time on him....... I know him way too well...

If you know me too well you wouldn't have bothered quoting me.

Hypocrisy, will kill you. Bloody christian