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What Business Can I Set Up With N600k? - Business (9) - Nairaland

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Re: What Business Can I Set Up With N600k? by SendAbroad: 6:59am On Nov 14, 2019
Rolly22:
I have been thinking of investing 1 million Naira in Mini Bus transportation business, but I need those in the field to enlighten me more about it.

Rolly22,

The problem with Minibus business is if you can't monitor it, you can never make money. Expect to hear Police catch me today, Tyre repair etc.

So, forget about this Minibus business idea if you are not ready to install Mini CCTV by bus entrance, CCTV inside the bus facing forward to back seat and facing back seat to driver.

Drivers might reject driving your bus because they won't be able to make money.

8 Likes

Re: What Business Can I Set Up With N600k? by Nobody: 7:03am On Nov 14, 2019
unimagin:

Pls who knows about this treasury bills? Enlighten me about it, I have more than 600k

start here

https://nairametrics.com/category/making-money-investing-in-nigeria/treasury-bills-nigeria/
Re: What Business Can I Set Up With N600k? by ShootThemAll(m): 7:10am On Nov 14, 2019
[/i][b][/b][i][color=#990000][/color]
ZACHIE:

Hmm.
So, we should become nerds for you merely because you have a little above 1m in your account?
Bobo, chill.
That 1m is weekend bubbly expense

But, if you are pretty sincere about knowing what to do with your 1m+, get off social media and walk around your community to see what needs exist.
Supplying water may be all you need to do. Draining water may be the other way around.

Swallow your huge pride on your little money and learn from yourself.
Re: What Business Can I Set Up With N600k? by TIGERSKY: 7:15am On Nov 14, 2019
Oracle55:
My fellow nairalanders I am here to seek your advice, I am presently working as an administrative assistant and my salary is fifty thousand naira only (50,000) but as it is now the standard of living in Lagos is very high, I can't get married and build a family with 50,000.

I have saved up 600,000, please what business can I start up in lagos with that amount?

A friend suggested opening a Bet 9ja betting centre that he makes up to 100k weekly, please I need more suggestions please.

Mod, help and push to front page for more suggestions thanks
sent the money to my bank account i will buy rice for you in our village and send it to you in Lagos you will make a huge profit without quiting your job if you're interested call me straight forward 08038030804.this is an opportunity that you can't miss.
Re: What Business Can I Set Up With N600k? by Obas101(m): 7:16am On Nov 14, 2019
Oracle55:
My fellow nairalanders I am here to seek your advice, I am presently working as an administrative assistant and my salary is fifty thousand naira only (50,000) but as it is now the standard of living in Lagos is very high, I can't get married and build a family with 50,000.

I have saved up 600,000, please what business can I start up in lagos with that amount?

A friend suggested opening a Bet 9ja betting centre that he makes up to 100k weekly, please I need more suggestions please.

Mod, help and push to front page for more suggestions thanks
I know you don't have a car. Save some more buy a clean Toyota and engage in taxify and uber as a side hustle. You will make back your money before a year and you will have gotten a new car as well. You can do that alongside your job. Save some more again and buy land or buy into an investment. Try forex. You have to project things one by one. Later on you can go into business BT to grow in it you have to consider it as a brand cos you are going to spend a lot of money

1 Like

Re: What Business Can I Set Up With N600k? by 9tailskid: 7:22am On Nov 14, 2019
Starboyyy:



give me the the 1 million grin


To OP, I think you should just keep saving, when it gets to #1.5 million... settle down WITH A PEACEFUL AND SUPPORTIVE WIFE who you both can build something together, I tell you there is Power in the right woman, never underestimate a good woman, that's why the Bible connects "finding a wife to favor from God ". Sometimes not everything people do should be done also, dont nececessarily start looking for a business to invest in because other people are doing that, all it takes in this life is wisdom... Keep working, keep saving. When it's time to invest in a business you'd know, no one will have to tell you because your 'spirit' will be drawn to it.
Read and pundle on this OP.... Success

NOBODY SHOULD LISTEN OR TAKE THIS GUY SERIOUSLY.

2 Likes 1 Share

Re: What Business Can I Set Up With N600k? by 9tailskid: 7:31am On Nov 14, 2019
LyfeJennings:
Hmmmmm
So my honest advice
Having been in both business and corporate world.
DO NOT INVEST YOUR 500K INTO ANY BUSINESS
Take a part of it say like 200k to try out the business
When U successful, na the profit U go take do turnover
If U use the 500k and U fail, hmmmmmm
Guy, if anything happen
U would have nothing to fall back on....
So use ur sense
I don't have any business I can tell U to do cos no how no how, U must fail at any business initially.
It is a must
Very certain...
Na when U fail and U start again
U go fit master the business
GOOD LUCK

1 Like 1 Share

Re: What Business Can I Set Up With N600k? by Ultimated1(m): 7:40am On Nov 14, 2019
Oracle55:
My fellow nairalanders I am here to seek your advice, I am presently working as an administrative assistant and my salary is fifty thousand naira only (50,000) but as it is now the standard of living in Lagos is very high, I can't get married and build a family with 50,000.

I have saved up 600,000, please what business can I start up in lagos with that amount?

A friend suggested opening a Bet 9ja betting centre that he makes up to 100k weekly, please I need more suggestions please.

Mod, help and push to front page for more suggestions thanks

Good Morning,

My name is Samuel and i am a marketer with UK-Dion investment limited- and our office is at number 81, Adeniyi Jones Avenue, Ikeja, Lagos.
You can invest your funds with us (at an interest rate up to 19% P.A but terms and conditions apply) while you decide on the kind of business you want to venture into. Our tenure ranges from 90days to 5years.
For more information,

you can visit our office at 81, Adeniyi Jones Avenue, Ikeja, Lagos or call/Chat me on +2348065210072.

We look forward to doing business with you.

1 Like 2 Shares

Re: What Business Can I Set Up With N600k? by Adakintroy2: 7:45am On Nov 14, 2019
You don't have to quite your job. 600k. If you smart you can start letting your money work for you.

Buy a delivery bike for me to and manage Full complementary cost. Should be around. 360. 370.

I get to balance you 3k daily. (Mentainance on me).

Months earning amount to 90k. No time effort or your presence required.
Re: What Business Can I Set Up With N600k? by Nobody: 7:54am On Nov 14, 2019
Go and read the book
SMALL BUSINESS BIG MONEY by Akin Alabi.
I am sure you will pick up an idea

5 Likes

Re: What Business Can I Set Up With N600k? by Nobody: 7:58am On Nov 14, 2019
You can start Real Estate Networking business with Zero capital. All you need is to repost my properties and u get 10 to 15% commission on each deal close.

You don't need to stop your present job. Just advertise and refer your leads to me. I will take them for inspection and close the deal for you. You get your full commission.


People earn millions in commission weekly here.

Interested chat me on WhatsApp
08038484069
Re: What Business Can I Set Up With N600k? by WalkerMichael(m): 8:23am On Nov 14, 2019
abescom:
I dont he meant it the way you have put it. Context.

For instance I came on this thread because I have also been thinking of what I can invest 6 million on that can yield me 300k a month from the 4th month of starting and when I saw this thread first thing that came to my mind is - unserious people will be plenty here.

Invest just 1m into mini importation, and receive steady profit of 200-300k every month bro. Just buy 100pcs of a fast selling item, sell with profit margin of just 4k (Christmas season is here already too, the buying frenzy season) . Mini importation is hard work but very profitable, I've been doing it for over a year .

I can handle it for you if you don't mind bro. Can we fix a meet up?


The truth is nairaland is full of kids.

There are exceptions to this though smiley
Re: What Business Can I Set Up With N600k? by Ayoswit(f): 8:28am On Nov 14, 2019
Kalashnikov102:
well said. ..i did same by renting a hotel
kudos bro wink

1 Like

Re: What Business Can I Set Up With N600k? by vkyburnz: 8:39am On Nov 14, 2019
Please can you share a walk through (on the mini importation) if you don't mind. It will be beneficial. Thanks

WalkerMichael:


Invest just 1m into mini importation, and receive steady profit of 200-300k every month bro. Just buy 100pcs of a fast selling item, sell with profit margin of just 4k (Christmas season is here already too, the buying frenzy season) . Mini importation is hard work but very profitable, I've been doing it for over a year .

I can handle it for you if you don't mind bro. Can we fix a meet up?



There are exceptions to this though smiley

1 Like 1 Share

Re: What Business Can I Set Up With N600k? by LyfeJennings(m): 8:49am On Nov 14, 2019
9tailskid:


You're a FAILURE. Everything you just said here is as misguided as can be.

YOUR FATHER IS A FAILURE
YOUR MOTHER IS A FAILURE
EVERYONE IN YOUR FAMILY ARE FAILURES
OLORIBURUKU ALAYE BAJE
MAY THUNDER STRIKE UR FAMILY DEAD
Can't U just post without throwing jabs
If U see me in person
U feel say U go fit tell me this kind nonsense and U no go enter hospital.
Stay off my mention kid

2 Likes

Re: What Business Can I Set Up With N600k? by Geopex(m): 8:59am On Nov 14, 2019
Bro, I currently run bet9ja biz in my town, only making 50k per weeks cuz there's no much sales in my town compare to people in cities that make 500 thousands per week, even one of the agent in PH do makes 1million plus per week. So bro, location is the first tin u must consider in you are going into betting agent stuff, then, ensure deaz no bet9ja shop around the location too, cuz bet9ja will not even approve your shop. And lastly, u must be available to monitor your shop or else the shop may collapse within 2 months if deaz no proper monitoring.
Re: What Business Can I Set Up With N600k? by adonainana: 9:08am On Nov 14, 2019
bravesoul247:
bro, I greet you. Please explain more of this lounge leasing to me

The location is in a busy area in Iyana Ipaja, the premises is located on a busy road, it was badly being runned when i took over and renovated it.
Its being worth every risk. There are more lounges of that sort being put out on lease,

Besides do you live in Lagos plus i can be contacted on 081437533,27
Re: What Business Can I Set Up With N600k? by WalkerMichael(m): 9:14am On Nov 14, 2019
vkyburnz:
Please can you share a walk through (on the mini importation) if you don't mind. It will be beneficial. Thanks


https://www.nairaland.com/5408525/how-ship-goods-1688-nigeriasell

A nairalander has done justice for newbies in the business model. You can follow and read this thread

1 Like

Re: What Business Can I Set Up With N600k? by Nobody: 9:20am On Nov 14, 2019
snowking:
If you were in PH i would have advice you visit MBA Forex, invest 500k and earn 75k monthly returns and after 6 months you get your capital of 500k back.
scam
Re: What Business Can I Set Up With N600k? by vkyburnz: 9:50am On Nov 14, 2019
OK thanks

WalkerMichael:


https://www.nairaland.com/5408525/how-ship-goods-1688-nigeriasell

A nairalander has done justice for newbies in the business model. You can follow and read this thread
Re: What Business Can I Set Up With N600k? by chubbyG(m): 9:55am On Nov 14, 2019
invigilator:
Sincerely Make your savings get to 1 million naira then you can think of something more better.. You can still go ahead with the bet9ja shop roughly that will cost you like 250-300k rent of shop inclusive. Find a young person that's trustworthy and be paying him 10k from your 50k salary...i.e The earning from the shop goes directly to you and it boost your savings.

Does it sound fair to you when you said he should be paying someone 10k?
Re: What Business Can I Set Up With N600k? by SaxadResources: 9:58am On Nov 14, 2019
Starting a business can be tricky.
Ours is an outfit that saves you much of the trouble.
Re: What Business Can I Set Up With N600k? by Duane212(m): 10:01am On Nov 14, 2019
Starz825:

With that 600 bay bro u can become a car dealer.....
Get a car for 450k-600k....then resell within the range of 650-750k ... though it can take some time to resell oo that's the risk (it could take up to 2month..but so sure u will sell it....
I can get you a car within the space of a week....if u are serious....
whick kind car be dat?

1 Like

Re: What Business Can I Set Up With N600k? by tosyne2much(m): 10:03am On Nov 14, 2019
Guestuser:

Little ROI with peace of mind.
It’s very very worth it.
So you advise the OP to actually put the 600k in treasury where he will earn less than N 8,000 per month?
Re: What Business Can I Set Up With N600k? by foyeks2001(f): 10:04am On Nov 14, 2019
nextstep:
Buy tbills. 600k x 12% annually is 72k without any further work, every year, and that 600k will remain there as principal. No business risk, no omonile, no story with hire purchase, no fuel shortage, no herdsmen, no bad harvest, etc to affect this income stream.

Now go and keep working/hustling to get another 600k.
Pls, can you put me thru on this tbills? I have heard a lot abt it but don't know how to go abt it.
Pls, how do I go abt it?
Re: What Business Can I Set Up With N600k? by Funkybabee(f): 10:09am On Nov 14, 2019
note, you are using the 60% of it to start a business. first make some research about ur environmental needs, or go into fishery or any food business and do not forget to ask God for directions.


God bless your business bro
Re: What Business Can I Set Up With N600k? by tosyne2much(m): 10:09am On Nov 14, 2019
nextstep:
Buy tbills. 600k x 12% annually is 72k without any further work, every year, and that 600k will remain there as principal. No business risk, no omonile, no story with hire purchase, no fuel shortage, no herdsmen, no bad harvest, etc to affect this income stream.

Now go and keep working/hustling to get another 600k.
Do you get the ROI monthly or it's only annually?
Re: What Business Can I Set Up With N600k? by Torg77: 10:16am On Nov 14, 2019
invigilator:
Sincerely Make your savings get to 1 million naira then you can think of something more better.. You can still go ahead with the bet9ja shop roughly that will cost you like 250-300k rent of shop inclusive. Find a young person that's trustworthy and be paying him 10k from your 50k salary...i.e The earning from the shop goes directly to you and it boost your savings.

Bad mind..why don't u go and work for the 10k a month.

1 Like

Re: What Business Can I Set Up With N600k? by Ronzy1990(m): 10:20am On Nov 14, 2019
I need Toyota Rav4 2007 to buy at affordable price. Do u have access to any?
Starz825:

With that 600 bay bro u can become a car dealer.....
Get a car for 450k-600k....then resell within the range of 650-750k ... though it can take some time to resell oo that's the risk (it could take up to 2month..but so sure u will sell it....
I can get you a car within the space of a week....if u are serious....
Re: What Business Can I Set Up With N600k? by Duane212(m): 10:24am On Nov 14, 2019
ayo6hammiey:
Why don't you do hire purchase of motorcycle or Marwa? Buy new at the rate of #215/#220k.. Find lawyer to bind the deal between you and the purchaser.. Let's say motorcycle purchaser delivers 2k daily.. That's #14k weekly.. 52 weeks makes a year.. #14K times 52 = #728k... Let's say u spend #100k on repairs which cannot even be up to that, Ur left with #628k.

That's what I do in ibadan, on my third motorcycle now..
I actually thought that, maybe you are buying motorcycle for 220k, the rider are to balance you double the amount like (440k) before fully belonging to them.

1 Like

Re: What Business Can I Set Up With N600k? by richard16(m): 10:24am On Nov 14, 2019
If you like invest in bet9ja biz... Don't try it oo buy a small car and use it for uber...side hustle when you are back from work and on weekends! you'll be fine
Re: What Business Can I Set Up With N600k? by Guestuser: 10:32am On Nov 14, 2019
tosyne2much:
So you advise the OP to actually put the 600k in treasury where he will earn less than N 8,000 per month?
K

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