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Nairaland Forum / Nairaland / General / Business / What Business Can I Start With 500k In Dis Harsh Economy (542 Views)
How Do Business People Cope In This Harsh Economy? / 51 Businesses To Start With 100k-500k In Nigeria (2023 Updated) / Which Lucrative Business Can I Start With 500k In This 2019 (2) (3) (4)
What Business Can I Start With 500k In Dis Harsh Economy by JamOSneh: 1:31pm On Sep 01, 2021 |
I will like to hear Advice from people here what business can I start with 500k and I won't regret in investing it , my location is ilorin |
Re: What Business Can I Start With 500k In Dis Harsh Economy by opeyemhy02(m): 2:33pm On Sep 01, 2021 |
Source for cheap food commodities in remote area, preferably maize which can serve as human and animal food,search for company or feed Mill that require maize for it's production 2_3 buyers is enough |
Re: What Business Can I Start With 500k In Dis Harsh Economy by JamOSneh: 3:07pm On Sep 01, 2021 |
Can you enlighten me more on GtB investment I can't find anything about it online Harbidexy5: |
Re: What Business Can I Start With 500k In Dis Harsh Economy by Teetee777: 3:58pm On Sep 01, 2021 |
Let me give you some options; 1. We are now in rice season, buy paddy rice, process it and sell to wholesalers and make your profit Example: Paddy rice is 15k now but it will reduce more than that before October Process of 100kg rice is 2500 per bag with branded bag, with some miscellaneous 1000 . Paddy rice 15,000 Processing. 2200 Branded bag 300 Other expenses 1000 All total is #18500 Your 500k will make 27 bags of local rice The local rice in market now is 21,000 Assuming you sell a bag for 20,000 20,000 * 27 bags = 540k You make 40k profit on your 500k 2. We are now in maize season, just look for buyers where you can supply maize, if it is 1k profit on a bag, it is something. Bag of maize is 15k for 125kg in adamawa state, 14k/ 95kg in taraba, , 15k/100kg in kastina etc 3. Mellon storage, use the money to buy Mellon and store it like 3month or 4month and sell them, you will make your profit also. NB; stay away from greedy, if it's 500 on a bag is okay, don't think you'll make 200k profit for 500k capital If you have CUSTOMERS for all those Agro-produces, I can supply you from northern state. 2 Likes |
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