Manjapa:
What business can I use my one million naira for please.
Very urgent

richmond500:
Food business is good if u have time to do it but if you don't, have four different POS stands in a good location and allow people run them for u.

INTEGRITYA1:


Please replace the run with ruin

Like allow people to ruin it for u like you wrote up there.

richmond500:
it depends on the people u employ.
I did the same business too

Esude007:
I will advice u go into agriculture, cassava farming to be precise.

Get a land, run the soil test to know the nutritional information of the soil then start.

Start with just 1 hectare.

If u use 0.9m by 0.9m spacing configuration, 12300 heaps can seat on 1 hectare. Cost of 1 heap in my location ( kogi state) is #30. That's #369,000

Get your stem from disease free farm at #500 per bundle,u need 60 bundle for 1 hectare that's #30,000 and the Keke that will bring the stems should be pegged at #7000.. total #37,000

U need 6 litres of glyphosate at pre planting stage and a litre is #4000 that's #20,000

Labour for planting plus their feeding should be pegged at #50,000

For pre emergence herbicide, u need 4 litres of paraquat and 3kg of atrazin at #6000 and #8000 respectively... #48,000

Labour for herbicide application should be pegged at #20,000

Cassava requires 135kg of nitrogen, 40kg of phosphorus and same amount of potasium 8 weeks after planting, so 4 bags of Npk fertilizer at #40,000 per bag... #160,000


Bringing total expenditure to #708,000

If u follow the above Agronomic practices, u can get 2.5kg per heap.

That is 2.5kg * 12,300 heaps which is 30,750kg

1 tin is 1000kg which means u can get 30.75 ton.

A ton is #110,000 in the local market now.

Don't forget u will still inter crop this cassava with sweet maize probably sc510 by seedco which is a 82 days variety.

A cob in my place from road side vendor is #200, and u will sell at wholesale at 5 for #600

Which means from your 12,300 heaps u are sure of 12,300 cobs.

Let's say u got 11,000 big cobs, sell at 5 cobs for #600 means u will get #1,320,000

Cassava inter cropped with maize I just like using 1 stone to kill two birds.

But cassava takes maximum 8 months bfor hervest.

And don't forget, u will engage 1 security to be viewing the farm for u.

Where can someone sell the cassava to?

suckprick:
The same business that gave you the 1m. Abi you be kidnapper?

SilentEmma:


Food business
Fruits business

Anything that people consume daily ...

MONEY247:
Food and business....
Buy in bulk and resell...

It gives higher returns than stocks...
Christmas is coming...
Just buy rice and garri...

Resell at higher price....
As for garri it increases in price every January...

osayuwamwen:
Go into poultry business if u have small space at home, u can start small, buy a day old chicken for 75k a carton(100 chick) and feed them for 1month and resell 3500 each, a bag of fowl feed is less than 20k and u won't spend more than 4 bag for the 100 chick in a month, do the math's it a very lucrative side hustle

Mayor21:
In my town, POS business
100k goes for 2k

MONEY247:
Food and business....
Buy in bulk and resell...

It gives higher returns than stocks...
Christmas is coming...
Just buy rice and garri...

Resell at higher price....
As for garri it increases in price every January...

CoronaVirusPro:


He asked you a critical question.

Whatever you did that gave you that one million should be done again with much bigger investment.

You shouldn’t be thinking of diversification with 1m. You should be re-investing since it’s a working plan.

post=132566922:
The same business that gave you the 1m. Abi you be kidnapper?

damble:
May God open your eyes to see the right business... That your 1 million naira in this Tinubu regime is like 100k

online4business:
"Diversified portfolio is for fools"warren buffet business partner charlie munger to investors.

Invest the money where you get 1m.

A new business requires you learning new things everyday and most people are lazy to learn.

They may say they are not but it's face saving.

Stick to a tried and true business that got you the money provided it's not betting or fraud money.

If it's any of these it'll go the way it came from

osayuwamwen:
Go into poultry business if u have small space at home, u can start small, buy a day old chicken for 75k a carton(100 chick) and feed them for 1month and resell 3500 each, a bag of fowl feed is less than 20k and u won't spend more than 4 bag for the 100 chick in a month, do the math's it a very lucrative side hustle

suckprick:
The same business that gave you the 1m. Abi you be kidnapper?

Hotspurs:
can you do a wider breakdown...what is the chances of rabbit,snake or hawk attacking the chicks

suckprick:
The same business that gave you the 1m. Abi you be kidnapper?

iykepromotions:
Invest in expired domain names. You can buy an expired domain name for less than $10 and resell it above $100.

Below is one of my sales. Bought the domain for $8 then resold it after sometime.

I currently do it full time and you can check out this free awareness thread; https://www.nairaland.com/3430037/what-make-money-online

Or Google Iykepromotions

Onyiridike:
If you don't have a skill in any business, invest the money in money market fund. Go for Stanbic IBTC or FBNQUEST. The return is about 20% per annum. Therefore, you stand to make ₦200,000 annually or ₦16,600 monthly.
This is better than risking your money in the hand of of today's get-rich-quick youths. They will run your money aground. Please, avoid the story that touches.

7arrows:


For food and fruits you must be very careful. Try to understand the business a bit before you venture. Before your products expire or spoil for your hand.

Fearurcreeator:

Shutup , mumuni

millionboi2:
Thy fit die na