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Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1824806 Views)
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Re: EPL Chatroom - All Discussions by iamoyindamola(m): 1:07pm On Dec 11, 2023 |
OkpaNsukkaisBae:These guys are legends that deserves better recognition but Nigeria happened to them They faded as they retired 1 Like |
Re: EPL Chatroom - All Discussions by obainojazz(m): 1:11pm On Dec 11, 2023 |
iamoyindamola:35 Years of service and she probably didn’t earn much but someone is telling me you can earn 20million in salary in less than 10years. Same Naija I know ![]() 2 Likes |
Re: EPL Chatroom - All Discussions by DissTroy(m): 1:12pm On Dec 11, 2023 |
chidekings: Like I stated, you are lying. You can hide under the vagueness and evasiveness of "Go find out in the streets" to mask your initial lie, but no Nigerian business has done 200,000% rise in 8 years from scratch, especially not since the Buhari era. I've cited examples of the fastest-growing startups and businesses in Nigeria and the world within that period, and none did half of the rapid valuation within the stated period. #200 thousand to #20 million in 8 years? Yes. #200 thousand to #400 million? Outright lie. 1 Like 1 Share |
Re: EPL Chatroom - All Discussions by BlueRayDick: 1:16pm On Dec 11, 2023 |
chidekings: Are u sure the N200k u quoted as his start-up capital is correct or he just gave a figure that came to his mind when he was asked? Also, does he still own the business 100% or he has brought in investors who now co-own the business with him? I know there are people who start busineses small, then when the business starts growing investors see potentials in it , pump money into it and turn it to a multi-million joint venture. I find it difficult to actually believe he grew N200k to N400m in 8 years all by himself. I mean 8 years that has seen naira lose massively in its fight against the dollar and it is a business that requires him to use naira to buy dollars before importing. |
Re: EPL Chatroom - All Discussions by Theflint1(m): 1:18pm On Dec 11, 2023 |
DissTroy:It's 2400% increase, which gives an average increase of 400%, year on year. Let's say the seventh and eight-year percentage growth dropped as low as 50% and 30% respectively, Oasis's guy would have grown that initial capital of 2 million to 97.5m by the 8th year. It's not quite 400m, and for obvious reasons (I dropped growth rate steeply), but a pattern is emerging. Let's say again that Oasis's guy continued to grow at the average rate from the previous 6 years (400% ![]() 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:24pm On Dec 11, 2023 |
chidekings: With 200k did this include cost of renting shop, paying utilities, transportation, staff cost and buying the laptops. What will be the cost price per laptop around 2015 1 Like |
Re: EPL Chatroom - All Discussions by Itsrm(m): 1:25pm On Dec 11, 2023 |
Theflint1: Interesting ![]() |
Re: EPL Chatroom - All Discussions by BlueRayDick: 1:26pm On Dec 11, 2023 |
raumdeuter: I bought one 14'' Acer laptop for N135k in December 2015 |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 1:28pm On Dec 11, 2023 |
obainojazz:I am interested in the kind of business that will make such money |
Re: EPL Chatroom - All Discussions by Theflint1(m): 1:29pm On Dec 11, 2023 |
raumdeuter:What is he renting shop for when he can sell most of the laptops even before arrival, and the rest he keeps in a small part of his 2-bedroom flat? ![]() Utilities are his browsing data, less than some guys spend streaming 1hr of porn on a daily Transportation/Shipping already factored in purchase cost and profit per laptop anywhere from between 30-120%. Before business spoilt, 100% straight profit was pretty common. I'm talking too much already. ![]() Doing phones is slightly easier as they're faster moving, and require less space to store them. Shipping is on average 10 days...burn the midnight candle shopping for deals and he does at least 30 rounds of business across a year and in 8 years, 240 rounds. The above is for a business I know, and I'm sure the scenario would play out for a lot other businesses, differently...as long as they have a competitive advantage. 1 Like |
Re: EPL Chatroom - All Discussions by chidekings(m): 1:32pm On Dec 11, 2023 |
raumdeuter:i think the best is not to labour the point.when u start such business with little,u don't start with shop immediately,your good name and referrals is how u sell.he got a shop in 2018 and thats when the business started its massive growth,this arguments amaze me,because their are many that has done way more than him that i know.maybe we all see the world and Nigeria specifically with different eyes. |
Re: EPL Chatroom - All Discussions by chidekings(m): 1:35pm On Dec 11, 2023 |
Theflint1:you my friend,practically knows how it goes. lets leave the back and forth,many in other businesses are making way more that most people can imagine. 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:37pm On Dec 11, 2023 |
chidekings: I will like to know the numbers how much he spent on initial stock and setting up and how he was able to make the business work 200k was not big money in 2015, it's what many spend in a club one night but 400m is a huge amount and to have turned it around within 8yrs is quite impressive and needs to be taught in business schools |
Re: EPL Chatroom - All Discussions by Ballzproblem2: 1:37pm On Dec 11, 2023 |
#20m to 400m in 8 is plausible Sha. I know one alhaji he started with one kiosk ,then sold the kiosk to buy cow. bred the cow with a bull from his relative that's how he went from one cow to having lots of cattles. man is getting contract from top men ,I even heard obi cubana patronized him during his mama burial. #aspire to magwaya ![]() 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:38pm On Dec 11, 2023 |
Theflint1: So like how many laptops do you think he could have bought from source plus shipping and clearing cost with 200k in 2015. That will be about $1,000 going by the exchange rates then |
Re: EPL Chatroom - All Discussions by Theflint1(m): 1:40pm On Dec 11, 2023 |
raumdeuter:Bros no be today people begin do business, it's the nature of zero to semi-medium scale. 3 Likes |
Re: EPL Chatroom - All Discussions by nihilistjnr: 1:40pm On Dec 11, 2023 |
chidekings: Bro, we know there's a lot of drug money in computer village and oshodi. Niggas using electronics consignment to move dope from Guangzhou etc. My Dad opened a construction supplies store in 2017 and shut it down in 2018 because dopeboys from China were flooding tbe market with massively undercut prices on tiling, roof shingles etc. You're not turning 200k to 400m in 8 years in the laptop business that has ridiculous amounts of competition in CV. Let's stop the cap. If you said a service-based business, or a tech startup that was bought out, I would agree. Even Jay-Z's famous 92 bricks did not generate such phenomenal revenue. 9 Likes |
Re: EPL Chatroom - All Discussions by Theflint1(m): 1:45pm On Dec 11, 2023 |
raumdeuter:If you're among like the top 2-3% of guys doing the business, as per work rate, you can move as much as 150 PCs per month on the average...of course that's not what he'd start with, but remember I said he'd sell a lot before arrival, so based on relationship, the items gets picked, and sometimes, even before it's picked sef, you don collect money from person wey go buy, put your profit for one corner, waiting to release cost price upon pickup. There's a lot of guts and risk taking too, there's single deals of up to 150 laptops, and you luck on a supplier that can supply as much as 150 units twice a month...if you're getting them at a very good price, computer village don swallow am even before pickup. Imagine profit of 20K per laptop on 300 laptops. |
Re: EPL Chatroom - All Discussions by Amigoss: 1:45pm On Dec 11, 2023 |
Make una sofri dey drop... The funny thing most of these businesses wey una talk so with high profit margins and revenues are saturated and not monopolistic kind of 5 Likes
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Re: EPL Chatroom - All Discussions by BlueRayDick: 1:46pm On Dec 11, 2023 |
Theflint1: This maths is not adding up one bit ! U are not even talking about a business in which he’s one of the pioneers/early entrants . U are talking about sale of phones and laptops that is a highly competitive market and u are telling us it’s possible to grow 200k to 400m ? How ? Did he kill all his competitors and stole their market share ? 3 Likes |
Re: EPL Chatroom - All Discussions by DissTroy(m): 1:47pm On Dec 11, 2023 |
Theflint1: This is exactly what a lot of Nigerian fintechs do - cook the books. Do colourful pitch decks with massive growth numbers which are unverifiable. VCs get hooked, they raise $3 million in Seed A round, and 2 years later, they are insolvent or closing up shop while the founder has exited long ago with investor funds. These numbers are only glowing on paper. Not in the Nigerian ecosystem. Are you sure you didn't cook the financials for Payday? Confess now. 6 Likes |
Re: EPL Chatroom - All Discussions by nihilistjnr: 1:47pm On Dec 11, 2023 |
Theflint1: With 200k? That's the price of a single laptop. You're talking about deals of 300 laptops a month. You're saying your boy sold one laptop and became the Tony Montana of computer Village. ![]() 7 Likes |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:48pm On Dec 11, 2023 |
Theflint1: If you discover a novel idea then it's possible. It's not like laptops were new things in Nigeria by 2015. There were at thousands of laptop sellers in Nigeria at that time that can match him price for price Unless if it's a totally new technology I know a girl that around 2009 when the first set of iPad came out she would buy from US and fly to Nigeria over the weekend to deliver to individuals she could make a reasonable profit because there were people who wanted a new tech and gadget But laptop in 2015 in Naija? |
Re: EPL Chatroom - All Discussions by Theflint1(m): 1:49pm On Dec 11, 2023 |
BlueRayDick:Phone/Laptop business are plug-based businesses, if you have a plug or access to plugs that you can control (these bastards never stay loyal for too long sha, but some can stay loyal for as long as a year ![]() |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:51pm On Dec 11, 2023 |
Theflint1: How many laptops do you think 200k which is $1k buy from source in the country it's coming from around 2015 before we add Shipping Unless you are saying $1000 will buy 100 laptops that is at the rate of $10 per 1 |
Re: EPL Chatroom - All Discussions by afrodoc2: 1:51pm On Dec 11, 2023 |
BlueRayDick: 5 Likes 1 Share
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Re: EPL Chatroom - All Discussions by Theflint1(m): 1:52pm On Dec 11, 2023 |
DissTroy:This question should be directed at Oasis. I ask again, what's the nature of businesses growing from zero to blowing, is it by accumulating 20% year on year? ![]() Answer that question, and you find your anwser. |
Re: EPL Chatroom - All Discussions by chidekings(m): 1:52pm On Dec 11, 2023 |
nihilistjnr:this is not blood money,if not for respecting people's privacy,many guys on this nairaland has done more than that and they are normal people.when we say nairaland has helped us,this is what we mean.and as theflint said their is alot of risk taking.its not all rosy. |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:52pm On Dec 11, 2023 |
Theflint1: How many laptops will $1k buy in 2015 |
Re: EPL Chatroom - All Discussions by nihilistjnr: 1:53pm On Dec 11, 2023 |
BlueRayDick: Computer village in the early 2000s was tiny. My brother would park on medical road, and we would have to really walk for maybe 10 minutes to get to our guy that sold game CDs and floppies. Maybe in that era, this guy could have done it....because that's what SLOT did. But flipping one laptop to 400m in 2015 is an Adeboye-esque story. 8 Likes |
Re: EPL Chatroom - All Discussions by chidekings(m): 1:55pm On Dec 11, 2023 |
nihilistjnr:in 2015,you can get very good laptops at 50k each,thats 4 laptops for 200k,and you grew from there.when u get a bit big,u can now do many numbers and due to good name built over the years,people trust and do business with u without even seeing the laptops.you can even use their money to buy the laptops and take your profit. |
Re: EPL Chatroom - All Discussions by raumdeuter: 1:55pm On Dec 11, 2023 |
chidekings: I'll like if they share their numbers and let's reason it together We have over 50 to 100 guys reading this thread Has anyone done a successful business to share his model and the numbers One guy did, one guy did. Chairman no be everyone go tell you wetin dem dey really do Do you also believe Shina Peller just does night club business? Or emoney just dey do clearing and forwarding or Obi Cubana just dey do hotels or Tacha just dey sell cream for IG 3 Likes |
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