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Nairaland Forum / Nairaland / General / Business / Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It (807 Views)
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Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by CitynewsNG(m): 7:51am On Jul 23, 2023 |
How I made 50k in 12hrs, from Items I bought 36k in Lagos Yeah, You heard me right, as a YouTuber and a content creator, the other good way I choose to make small cool cash in Nigeria is through E-commerce and I don't even do it in a big way unlike many guys making millions in it, who do Facebook ads etc to promote their goods. So How did I make this money in 12hrs? You may wanna ask.. Well, I was online one day when I saw this kids learning gadgets and I got interested. I wanted to buy for my daughter but something told me I could do more than buying just one. I searched for a supplier in Lagos, and got one woman with the cheapest price. She sells at far lesser price that could give you good profit. I later got one item at N3000 and I bought 12 pieces to start with. That's 36k. But not before I run a test on the business through my strategy. I noticed people running Facebook ad for it are selling 10k, to attract price sensitive customers, I put mine at N8000. I went online to get more information about this item and got promotional videos for it. As a content creator online already, I quickly did a voiceover advert on it and shared it on Facebook and Tiktok. I forgot about it and started looking for when my first customer will come and the second day, a lady messaged me through a WhatsApp no I added to the video advert and that was it. She needed 2. But there was a challenge, her place was so far in Ibafo Ogun State that delivery will finish all the money. I asked all riders willing to go there many were saying 10k to deliver. Well I got one that eventually says he will take 7k. If you remove 7k from two items the woman is going to buy at 8k each, that's I will be left with 9k out of 16k. If I remove the cost of the items at 6k for the two, I will be left with just 3k..Not a good gain at all. I then told the woman to sell just two for me first, and bargained with the buyer that her place is far, she should spare 4k for delivery I would pay the rest. She agreed. That's how she paid 20k.. The woman supplied the two pieces at 6k I gave rider 7k and I was left with 7k as a profit. Seeing this gain, I then bought my first order, the big news of this post at 36k. Watch the next of my experience in this YouTube video. https://www.youtube.com/watch?v=CGiJ-jllCsU |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by Prince202020(m): 8:00am On Jul 23, 2023 |
Ok |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by CitynewsNG(m): 8:04am On Jul 23, 2023 |
Prince202020:How I hope you find it helpful |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by amp01(m): 8:43am On Jul 23, 2023 |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by CitynewsNG(m): 9:27am On Jul 23, 2023 |
amp01: Kids learning material |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by amp01(m): 11:48am On Jul 23, 2023 |
CitynewsNG: Which ones? |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by CitynewsNG(m): 3:19pm On Jul 23, 2023 |
amp01: You really want me to tell you? Go and do your research. Or bring 5k, let me tell you and also get you suppliers.. |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by amp01(m): 7:02pm On Jul 23, 2023 |
CitynewsNG: I should pay you 5,000 to tell me about a product u are selling. Guy, go and learn how to present your product. U just lost a customer. There are more than 50 children learning aids. |
Re: Small Business Idea You Can Start With 50k And Make 50k Weekly - How I Did It by CitynewsNG(m): 8:12pm On Jul 23, 2023 |
amp01: I'm not looking for products customers here, rather I created this video to help others who may want to do same business on what hot product to sell and make good gains. I have ways of making my customers already. I'm not telling you any product. Thank you. Go and learn about information marketing. |
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