Re: What Is Your Worst Business Investment And How Much Did You Lose? by stanvesco(m): 11:12am On Jan 26, 2019 |
Which would you prefer:
1. Become the messenger and make a fraction of what you should be earning or....
2. GET RIGHT INTO THE GAME... and earn as much as you want to?
Hmmmmmmmmmm, deep sighs! |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by bobojoshua(m): 11:47am On Jan 26, 2019 |
Purplekush:
Stanvesco, na you be Chairman o.
And bro, I really don't do beginner tutorials again because of the stress involved. But then you can buy any of those "ebooks" or "do-it-yourself" videos offered by other Internet Marketers and learn from them.
Trust me, if you are one of those "guys" who always complain about Internet Marketing 'Gurus' offering you an eBook or paid course in other to show you "how to earn a living online..." then you may really not learn ANYTHING about making money online.
It's not worth it, expect I decide to do it for FUN. And to be honest, I really don't have that time right now.
I'm so immersed in this process becos I have hit ROCK BOTTOM and I'm in my growht process as we speak.
And as we all know, everything has a growth curve.
A learning stage,an accerelation phase and a plateau phase.... then unavoidably, the decline phase.
I no gat time for that shit again.
Let me ask you a question...
Which would you prefer:
1. Become the messenger and make a fraction of what you should be earning or....
2. GET RIGHT INTO THE GAME... and earn as much as you want to??
And even if I ever had a second thought about tutoring beginners about Earning A Living Online BY Selling Stuffs, I won't focus on rookies... becasue they usually don't have the money to pay for my services... so what's the point wasting all those time, broo?
As we are speaking, I have my modem on a low batt and I'd rather use this time I took to reply you to fund my Advert Accounts and reply to customer msgs before my modem goes dead totally.
Gee, time no dey to teach people especially beginners. I wish I'll make out time to create an A - Z course again but bros, na time be wahala. I'm in my early 30s and statiscally, I have spent a 3rd of my life on earth (following the UN life expectancy of an African) Boss, your reply up there is about 300words. You can please summarize your online business with less than 300words. The non-rookies will get the message while the rookies can read more on it on Google. Please, assist your brothers from another mother. we are not after spoonfeeding. Just give us the basic guide. Thanks. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by whitering: 10:13pm On Jan 29, 2019 |
WilliamsNedd:
What kind of loan? Loan from friends or loan from mfb? Because I am about starting a biz now. I can say that 70% of the start up capital ain't mine. It's coming from my friends. What say you my dear friend? If it is a soft loan, go ahead. God help you. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by SmartMindsFx: 10:21pm On Jan 29, 2019 |
Olalekank: I've never made any bad investment. Highest I got was 50k from UNILAG endowment.
Never really had the cash to put in any investments but one thing I wish I realized earlier was that no matter the amount you're receiving, if you can't save from it then when money bigger than that comes, you'd hardly save from that bigger money.
I'm still a student and really interested in mentorship from everyone here. I really need these advice. It might seem like there's time but there's actually no time anywhere. HardMirror Are you interested in trading? |
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Re: What Is Your Worst Business Investment And How Much Did You Lose? by bouncin04(m): 3:58pm On Feb 22, 2019 |
And then .... I lost 1m to sporty live betting this Sunday .... Worst day of my life ... And I hope it ends there ... Still battling with my self ... Thanks 5 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by JhyMedex: 11:18pm On Feb 25, 2019 |
gbosah91: Invested over one million in transport business... Lost everything so sad what caused the loss Sir?.. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by JhyMedex: 11:25pm On Feb 25, 2019 |
agarawu23: I lost heavily in transportation business In 2013. Lost over 2.3m cos I wasn't available to monitor the business myself. Total remitted was below my investment and I sold the buses at a loss.
Don't get it twisted, I started the business again while I am around and it's going smoothly. Drivers are crazy......so u need to come down to their level and kick their ass. ![cool](https://www.nairaland.com/faces/cool.png) if u want sth done properly..do it ursef eh?.. What did u do differently Sir...? . How many buses did u start with? How much do u make per day on an avg? What are the challenges u av faced thus far..and how did u overcome or limit dem?.. Please do respond Boss.. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by gbosah91(m): 12:54am On Feb 26, 2019 |
Poor management from the driver an am far away from the business JhyMedex:
what caused the loss Sir?.. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by JhyMedex: 1:13am On Feb 26, 2019 |
gbosah91: Poor management from the driver an am far away from the business Aight Sir...Are u still in the transportation business? |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by JoeOdion(m): 1:20am On Feb 26, 2019 |
egwekwe:
As the market is going, na only God and whale get sure contact ![grin](https://www.nairaland.com/faces/grin.png)
You're free to contact me tho ![sad](https://www.nairaland.com/faces/sad.png) Bro can you help me with info on this crypto business thing. I want to go into it and I really need guidance. Thanks. God will increase you in your business like never before this year ijn...Amen! |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Frankicent(m): 1:25am On Feb 26, 2019 |
HardMirror: This is in response to this wonderful thread https://www.nairaland.com/4852491/how-old-when-made-first
After going through the thread i realized that many had made money but lost all or a good chunk.
This is my own story.
Abattoir Investment
As a student in Futa, i usually patronized a butcher called Nurai at the abattoir behind Chicken Republic at FUTA Junction. The guy was very nice to us and always gave us extra meat to what we bought. When i had my first major breakthrough, this guy was the first person that came to my mind.
I gave Mr. Nurai 500,000 naira as investment into the business. The man lost all the money within a few months. I still like him and i know he did not do it intentionally but it was a big blow to my finances when i needed a backup source of income.
business agreement with a nairalander i wont mention his name, but i had an agreement with a nairalander, but i suspect he diverted the money into mmm. Long story short he still owes me 400k after refunding about 600k to me.
Ministry of works contract Never take a contract during elections. Goodluck Jonathan awarded lots of contracts a few months to the 2015 elections. I got several road furnishing contracts November 2014. Unfortunately we had to borrow money to do the Job. Lost about N7million there. Government still owing us 54million (i did it in partnership with another company in Abuja) it was a massive blow and my worst mistake in life not just business.
What is your own story? Be honest and detailed so we can learn from each other. nawa am a futarian baba let's be business partner. We can meet in person if you agree... no time to waste money. Have got the idea. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by JoeOdion(m): 1:49am On Feb 26, 2019 |
Purplekush: as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.
Then I started trying out new investments...
LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.
The painful part was not the 6 months of no income but the bad timing.
because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.
I was TOTALLY SCREWED!
I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her ![smiley](https://www.nairaland.com/faces/smiley.png)
But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.
By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.
Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.
WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!
I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money. Bro I would really love to learn from you through your courses. I am not just financially buoyant for the course. Just been trusting God for a way for months now as my freelance business hasn't been great. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by harlee(m): 7:47am On Feb 26, 2019 |
A friend called in from ghana and we were talking business, he said clothing business is booming there,I requested for a loan,bought items sent to him..months gone by.no cash he's complaining of no sales,now I am paying back the loan with interest for a business that I didn't make even the capital. Moral: never trust anyone to handle ur business if not you. 5 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Frankicent(m): 8:55am On Feb 26, 2019 |
spiritedtete: Trusting and investing in people and their businesses
Lost 1 m USD 80m naira 30m 16m ... And the least goes on and on down to even 150k.
Never will I trust anyone with my money Never not even my Father (even when I know his is a good man)
This thread just brought the anger in me.
Awon oloriburuku!!! you invested in the wrong person's |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Frankicent(m): 9:15am On Feb 26, 2019 |
Phyde: Credited a bitcoin dealer bank account of 23k and failed to credited my wallet. Lose 40k to one online forum called esteemtraders. Lose 135k to winthrills. Gained 15k from Xpressinvestment before it crashed and Final Bet9ja put a smile on my face with 1.158m recently. nawa oo baba show me the way na |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by bonnyz: 3:28pm On Feb 26, 2019 |
I work with this fund managing company. That is our investment packages. We give you a postdated cheque to cover your investment for the 60days period depending on the package while your weekly profit will be transferred to your account every Friday of the week.
09035385767 Boniface
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Re: What Is Your Worst Business Investment And How Much Did You Lose? by KrisCoDesign(m): 10:41am On Feb 28, 2019 |
Wow just finished reading from page one. I must say, this is one of the most educative thread on Nairaland for entrepreneurs.
Lesson of the day:
1.Trust no man when doing business 2.Do not invest in a new business with a loan 3.Start small, Invert more when you start making profits 4.Do not invest in a business you can not manage or supervise yourself 5.Do not invest in a business if you have little or no knowledge about it 6.finally only invest money you can afford to lose. 6 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by machizzy: 1:37pm On Feb 28, 2019 |
How do you know factory unlocked phone |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by gbosah91(m): 8:19pm On Mar 05, 2019 |
No the story too much i have to quit JhyMedex:
Aight Sir...Are u still in the transportation business? |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by JhyMedex: 10:11pm On Mar 05, 2019 |
gbosah91: No the story too much i have to quit Aight..u learned valuable lessons tho..Wish u d best In ur future pursuit |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by gbosah91(m): 10:49pm On Mar 05, 2019 |
Thanks JhyMedex:
Aight..u learned valuable lessons tho..Wish u d best In ur future pursuit |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by SaintChukz(m): 11:39pm On Mar 08, 2019 |
hahn: What happened to me this year sef just get as e be.
So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.
The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.
You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.
Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.
Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.
I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.
By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down ![cool](https://www.nairaland.com/faces/cool.png) What kind of websites do you build? |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by hahn(m): 12:25am On Mar 09, 2019 |
SaintChukz:
What kind of websites do you build? I prefer sites with subscriptions or digital products but I can build almost any kind of site |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by luvluvluv: 7:35am On Mar 09, 2019 |
Wow!Wow!Wow!
To An extent I feel relieved reading about others. Early this year, I took a loan of 500k and wanted to invest in my crypto busines. Sent money to some random btc dealers and my wallet never got funded. Am currently repaying for loan I never used. Baby things, family upkeep etc dey there too.
I hope I get back up pretty soon coz av been very terrible.. 1 Like |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by olanewton(m): 8:44pm On Mar 11, 2019 |
I'm interested. Please be my tutor.olanewton01@gmail.com |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Princejebs(m): 9:23pm On Mar 11, 2019 |
luvluvluv: Wow!Wow!Wow!
To An extent I feel relieved reading about others. Early this year, I took a loan of 500k and wanted to invest in my crypto busines. Sent money to some random btc dealers and my wallet never got funded. Am currently repaying for loan I never used. Baby things, family upkeep etc dey there too.
I hope I get back up pretty soon coz av been very terrible.. Same thing happened to me on the 2nd of this month when I sent my $150 btc and never funded my money. Money meant for my room payment. I was depressed and by force sick. Scammers will never make heaven by God grace. Take heart bro. 8 Likes |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by olanewton(m): 11:23pm On Mar 11, 2019 |
connkg:
How to make tissue paper industrially? I have some experience in that. You begin from either sorted waste paper (as recycled) or LF/SF (Long Fibre/ Short Fibre) Pulp. I am interested bro. Please chart me up on 08037697862. Thanks |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by connkg(m): 10:55am On Mar 12, 2019 |
olanewton:
I am interested bro. Please chart me up on 08037697862. Thanks I'd rather drop it here. First, you shear the stock in a Pulper. The stock is either used paper or virgin pulp from trees. In solution, there is requisite separation from staples, dirt and ink (for used paper only). Stock is then bleached. After bleaching, stock is heavily diluted, cleaned by density separators (usually cyclones) and sent to a Fourdrinier or Crescent former (you can check pictures online). Then dried, reeled and rewound. |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Deadmonkey: 9:57am On Mar 25, 2019 |
zicoraads: I met this guy while I was serving. We became pretty close because we had a lot of things in common. And we were staying in the same room and finished from the same school. He told me about a business he started while in school, but due to some family issues, had to make use of the money earned and all. It sounded good, because before now, I had heard about people buying yams from Niger and Benue states and selling them off in places like the South South region at huge profits.
The fact that I was familiar with how costly and cheap yams are in these places made it seem like a very good ides to follow.
Long story short: I collected 200k from my sister and put in 300k of mine. Traveled to Niger and bought yams from a village along Lapai road. We traveled with the truck and met a guy in Effurun, whom he said was the person he always sold it to. Spent about a week in Delta state and sold everything, with the profits coming being about 200k, after expenses and whatnot. Got 300k and added to everything we had and came back to Niger to buy more.
Couldn't follow them back due to other factors that were beyond my control. Lost about 1.3 million altogether on his way back. He said he was robbed. But up till now, the news and the numbness of it never made me ask follow-up questions to the bloody pictures I saw.
I didn't quite recover from that for a long time. pls I wan contact u. My number on my signature. Thanks 1 Like 1 Share |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Slayar: 8:15pm On Mar 26, 2019 |
luvluvluv: Wow!Wow!Wow!
To An extent I feel relieved reading about others. Early this year, I took a loan of 500k and wanted to invest in my crypto busines. Sent money to some random btc dealers and my wallet never got funded. Am currently repaying for loan I never used. Baby things, family upkeep etc dey there too.
I hope I get back up pretty soon coz av been very terrible.. sorry man,I'd advice you use Luno .with your debit card you can buy Eth and Btc from Luno |
Re: What Is Your Worst Business Investment And How Much Did You Lose? by ChijyWills(m): 8:55pm On Mar 26, 2019 |
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