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Nairaland Forum / Nairaland / General / Business / What Would You Do With One Million Naira? (34606 Views)
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Re: What Would You Do With One Million Naira? by Kokaine(m): 6:49pm On Jun 15, 2018 |
nuelzy:agriculture is a wide name you know? |
Re: What Would You Do With One Million Naira? by Kokaine(m): 6:57pm On Jun 15, 2018 |
mideactive:that plan is good but complex. I work in a financial institution. Trust me a lot of banks fear to give loans for agriculture business because of the high risks and uncertainty involved. Many agricultural borrowers program and interventions have emerged and collapsed due to inability of loan contractors to service their loans. Before you go planting, you need to have an off taker with a signed tripartite agreement to buy your product at a price that won't be determined by the market forces during harvest time. Agricultural business is good, but there the need to fix the broken chain in the business. I like your idea bro. 2 Likes |
Re: What Would You Do With One Million Naira? by Kokaine(m): 7:12pm On Jun 15, 2018 |
Lets talk more Aare2050: |
Re: What Would You Do With One Million Naira? by Kokaine(m): 7:17pm On Jun 15, 2018 |
omafazie:can we talk privately. Give me a run down of the economics of production, your market and projected turnover period |
Re: What Would You Do With One Million Naira? by Kokaine(m): 7:19pm On Jun 15, 2018 |
Joe50:lol. Everybody is transport and betting shop |
Re: What Would You Do With One Million Naira? by Kokaine(m): 7:23pm On Jun 15, 2018 |
This block industry is another good one. Depending on location. fajinmi2: |
Re: What Would You Do With One Million Naira? by Kokaine(m): 7:57pm On Jun 15, 2018 |
Are you serious about this? Tchai Na wa oh. Make man dey thank God. Ugosample: |
Re: What Would You Do With One Million Naira? by Kokaine(m): 8:00pm On Jun 15, 2018 |
Iseoluwani:what's the market for rabbit |
Re: What Would You Do With One Million Naira? by Kokaine(m): 8:08pm On Jun 15, 2018 |
Lool @25k balance. DeWorlex45: |
Re: What Would You Do With One Million Naira? by Kokaine(m): 8:11pm On Jun 15, 2018 |
smeag0l:you are correct about dishonesty as a problem for someone who really wouldn't have the time to manage the business himself. |
Re: What Would You Do With One Million Naira? by Kokaine(m): 8:19pm On Jun 15, 2018 |
Tradefairlagos:trust me USE is the worst place to go on earth with 1m |
Re: What Would You Do With One Million Naira? by Ugosample(m): 8:24pm On Jun 15, 2018 |
Kokaine: I'm telling you the gospel truth Forget the fake life and all these people who appear rich All na wash Deep within, nothing dey. |
Re: What Would You Do With One Million Naira? by Kokaine(m): 8:25pm On Jun 15, 2018 |
Jigawa. Why? bethnals: |
Re: What Would You Do With One Million Naira? by DeWorlex45(m): 8:36pm On Jun 15, 2018 |
Kokaine:Sir, na so i see am o, this thread wan just make us think say #1m na one big money, whereas; though e fit relieve some stress a bit for some people in some situations, but e get limit to how far e can go, depending on one's location. #1m no even reach to pay some people 1yr ''House rent'' in some parts of Lagos, PH, & Abuja. No matter d bizness u think u can start with #1m in Nigeria today without any other source of income for d upkeep of both U & ur family, bros na long thing o, someone will just realise dt na only #25,500 balance remain, & many things will still be needed. Some people's access to reasonable amount as a startup capital is what makes them d millionaire or billionaire they are today, not actually their hardwork or wisdom. Because when u have d money, then u can employ d proper hands to handle what is to be done for d growth & success of ur new bizness. Infact, some bizness needs extra finance to sustain it before earning d desired profits. How much is #1m self? It is poverty that will make one think say #1m na big money. |
Re: What Would You Do With One Million Naira? by omafazie(f): 8:59pm On Jun 15, 2018 |
Kokaine: Thanks for responding to my biz idea. You can add me up on whatsapp lets talk more, 08159458998. |
Re: What Would You Do With One Million Naira? by mideactive: 9:54pm On Jun 15, 2018 |
Kokaine: U'r right about uncertainties,this year planting season is a prove that you can never be too sure when it's comes to agriculture.I see lots of large scale corn farmers crying cus,there is very little rain this season.we had issues of pest attack last season,I thing all this can be controlled though,it depends on how experienced a farmer is. But crops like cassava are very rugged n has various uses. It's a product that 'll always av a ready market, u can sell it off without processing but,u make much more when u process. The thing about cassava is timing,always target the off season,then u av lesser cassava in the market.my brother,@times like this cassava is gold.we still plant far lesser cassava than required in Nigeria.don't forget our population is increasing. I hate taking loans,if I ever have to, I can do it for cassava .we have other wonderful crops like that too. 1 Like |
Re: What Would You Do With One Million Naira? by bethnals: 9:56pm On Jun 15, 2018 |
Kokaine: if you were based in abuja i would have introduced you to my business. But the market is not in Jigawa ![]() |
Re: What Would You Do With One Million Naira? by nuelzy: 10:53pm On Jun 15, 2018 |
Kokaine:yes. I will base on... Poultry.. Fishery.. And 'Goatry' ![]() |
Re: What Would You Do With One Million Naira? by Kokaine(m): 1:55am On Jun 16, 2018 |
nuelzy:lol. looks like cassava has a great prospect down south. who are the major offtakers ? or you sell directly to the market ? whats your profit from one hecter of land ? |
Re: What Would You Do With One Million Naira? by Kokaine(m): 2:05am On Jun 16, 2018 |
mideactive:what state do you have your farm. have you ever heard of NIRSAL ? read about NIRSAL on google and reach me via mail if you need answers to any question. do you process cassava or have business ideas about machines that process cassava ? (there are models for machines that process cassava online but i have never really considered the viability of cassava business until now that you explained this) where does cassava grow very well ? like i said, read about NIRSAL, and see how you can access government aid to bolster the development of your ideas. contact me by mail if you need clarification. |
Re: What Would You Do With One Million Naira? by greatestbe: 5:37am On Jun 16, 2018 |
kokaine, what if we work out a plan of expanding your alternative energy biz to other locations. let's discuss Greatestbenforever@yahoo.com |
Re: What Would You Do With One Million Naira? by Kokaine(m): 6:15am On Jun 16, 2018 |
greatestbe:okay |
Re: What Would You Do With One Million Naira? by mideactive: 9:22am On Jun 16, 2018 |
Kokaine: I have a farm in Ondo State,cassaver will do well anywhere in the south west,it depends of your method of planting.Some lands had been over used n need to be rested for awhile,to help it regain it's nutrients. In most cases,u need to plant instantly after harvesting, the output is usually very massive. Processing is abit expensive to set up ,though we now fabricators,they help reduce the prices of machines Greatly. I have a fabricator friend though but,I cannot afford his machines. To set up a mini factory, u need at list two garry fryers,a puller,a grander n a presser. You can also make cassaver flower with, the aid of the flash dryer machine.we still av products like 'pupuru",animal feeds,industrial starch etc.u can deside to only grow n sell,it depends on how u want it.Agriculture is one massive industry the govt.must take seriously. Thanks for the NIRSAL info,I'll check it out. |
Re: What Would You Do With One Million Naira? by nuelzy: 10:21am On Jun 16, 2018 |
Kokaine:i can sell directly to the market.. Or point to point distribution pending when i gained grounds... I will then start supplying from my farm.. The profit cant be estimated as it has no stable price... |
Re: What Would You Do With One Million Naira? by mideactive: 10:20am On Jun 30, 2018 |
mideactive: |
Re: What Would You Do With One Million Naira? by Jethrolite(m): 11:36pm On Jun 30, 2018 |
Ramos16:Keke hire purchase is very lucrative, people are just too lazy to do their homework. Draw up conditions that must be met and backed by 2 guarantors. Even if a huge expense comes up, the driver will borrow money to balance that day so as to avoid terminating the contract and losing initial 15% upfront paid. |
Re: What Would You Do With One Million Naira? by Jethrolite(m): 11:42pm On Jun 30, 2018 |
Tradefairlagos:Do not argue your opinion with anyone. Every reasonable person has a plan for their life and plans differ. That said, I want to let you know that there are raw money making opportunities in this country. Start by looking at sectors that affect the life of every Nigerian daily. You will be amazed. The Nigerian economy is so informal and unbanked that the over $500bn valuation is wrong. Nigeria is a $1trn economy. I can not explain it for you until you are able to see for yourself. |
Re: What Would You Do With One Million Naira? by Everest1989(m): 7:23am On Jul 01, 2018 |
Tradefairlagos:Please let chat, add me on WhatsApp via my signature, thanks. |
Re: What Would You Do With One Million Naira? by kfrosh: 10:58am On Jul 01, 2018 |
Please get your facts right and stop misleading gullible people. Ahh ahn, fear God nau. Tradefairlagos: |
Re: What Would You Do With One Million Naira? by engrkunlex: 11:30am On Jul 01, 2018 |
The business concept, many employer wont share with you Let’s me introduce myself to you, in order to lets you know am not here to scam anyone rather to break you from Financial hardship, Am here to strictly give information not advert or profile selling, am (Andrew O.K a.k.a engrkunlexy4u, am from Ibadan but base in Aba), I started the business during my service year in Aba, and today the rest is good story to tell. Before I continue to explain, try to answer this question if you can, and also know some facts. 1. The largest selling of textile materials in Nigeria is which state? 2. Electronics container from oversea is entering lagos as Number 1 importer , while Textile,Okirika (Buskoro) is entering which state as Number 1 importer? 3. 70% of the shirts, pants trousers we used in Nigeria, is made from where (you will never know this, if you are not from Onitcha or Aba)? Lets me share these amazing facts with you? 70% of boxers used in Nigeria is made from Aba (anybody with contrary evidence should quote me wrong), shirt they sell and jeans is directly made from Aba. The question is, are they Aba made? Nope and yes, what we called Aba made is simply lack of packaging and that is why someone like I and you is going to invest into all this area. Later, I will still share amazing things about Aba peoples you need to know. Introduction into the business (Boxers) Boxer is made of different materials, we have close to 7 materials, but the common type of materials in making boxer is majorly two in Nigeria today, check this link for the facts: http://dudeundies.com/news/7-mustknow-mens-underwear-fabric-types/ (Cotton and Bed sheets material), lets me explain to you, original Boxers materials is made using Cotton material (Shirt Material) because the texture is of high quality and it does not wash nor change the color after entering water, most packing shirt material we used are made of Cotton materials, it also does not absorb heat and the washing is very simple, you get this type of boxer in supermarket and good store. Lets me share of other the materials with you, called bed sheet material, go and look for a bed sheet material that brings color and remove hair after washing and you will understand what I want to explain, note: we have some bed sheet material that are costly but am sure they will never use that to produce boxer, only a big company use it, Bed sheets material is very cheap to get and most people get their profit from using that in producing boxer, as per say Nigeria like cheap things, Bed sheet materials has less (good) and thick textile texture, this is the type of boxer you wear and 2nd day your yarns and this stuff will begin to ask for fresh air (you get that line), where can I get that? Some fake supermarket store, aboki for road, omo igbo for road side, infact they can sell it for you at 150 to 200, they have already make their profit. It is left for you to choose what you want as a visionary business person. Why you need to do the business Do you know that 50% of ladies now wear boxer? Do you know that 10% of women (our Mother) also wear boxer? Do you also know that 80% of our papas now wear boxer and lastly do you know that 95% of grown up guys have nothing less than 3 boxers in their wardrobe? All this estimate was not so in the year past. Before our own generations wear pants, am still a young guy, our ladies don’t even wear boxers before, our mother don’t try it, while our father only wears pants or none. This facts should make you know that the paradigm of fashion is shifting and its for the best brain that will grab this profitable future opportunity and make it a reality. Another reason why you should do this business is, do you know that most people used to overlook the production of boxer and very few peoples knows how to sew boxer well, ask anybody in the North and western part of the country where they are producing boxer, they will tell you from yanki(abroad) or those guy that don’t have what to do. The marketing strategies I will like to explain from what worked for me during my service year and now I can be proud of it. Then we used to pick it at the rate of 200 naira and packed it into 3 in a good nylon for just 1000, the nylon at times attract peoples, people talk about Aba made, Simple definition of Aba made is what simply lack packaging and lack of well arrangement, though I know some people sew bad material for boxers and still sells. We give out to our fellow friends and also go to nearby store, banks and offices to deliver to them, some get attracted with the nylon and the color packed inside. Also, know that if people love you, even if they have 10 boxers at home, they will still buy from you, mostly, ladies sell faster than we guys you understand better. How do I make my own profit? The profit is very simple; first, ensure you are getting a good material from your supplier, because this will make your business sustainable for long. Imagine you are getting at 200 per one and you are packing it into 3 per 1 as in you pack 3 boxers inside one nylon for just start of 1000, mathematically, you gain 400 on it, which means 100+ on one boxers, may be after expenses of buying nylon and may be you want sticker to the nylon, you later make 100 on each boxer, I believe that is enough for anybody. Secondly, you can target supplying it out to people close to you, I have a guy who always acts as a middlemen for the boxer, he gets it and supply out to his people for sell, he made faster money than we do then. Making your profit depends on how you can think deep on it. Risk attached to this Business I believe there is no business without risk, any business that poses without risk must not be a genuine business. Number one risk is frustration? What do I mean, if you ever buy boxers from an untrusted person, and your customer started condemning your goods, you notice that frustration is the first thing that will come to you, advice, don’t go for anybody you cant trust in supplying you the boxer, and no matter what, never allow your customer to select boxer and that is why we packed it in a nylon, because all colour can never be so attracting, they compensate each other. Secondly, if you fail to establish market or target a market, you may be disappointed that it is easy to establish with mind but execution is a challenge, my advice for you is to talk about it to friends and family even your enemy and lets them comments about it. Lastly, You are the last risk, don’t join because I said its profitable, simply follow your dream and lets be fits into making it before you start, I started with my mind fits in making it, and today, after my NYSC, I stayed back in producing my own boxers and also work as an IT executive for one popular radio station in the city. NOTE: The business is sweet, but if you don’t have right mind of making it, don’t start it. Today, am supplying to different state today simply because I started the business from my mind after gathering all the facts needed and I develop a right attitude towards it. I started producing my own with less than 200, 000 today, though I invested more than that into it now. If you will like me to supply you anywhere you are in the country, I can incur the cost of sending it but it will be (a pack) which is 25 pieces inside a pack nylon at N5,000 for now, I will pack 3 in 1 boxer separately from your 25 pieces as a sample for you, you pay after receiving it, you pay to the person that will give to you or from where you will get it from after bargain on sending it, I will only incur the cost of transporting it for the first time and subsequently you pay for the transportation on your own, all is to clear your doubt about it. :If you have interest on how to make your own boxer with less than 200, 000, just drop your mail on this forum, I will mail you. Note: I dont sell a fancy Boxer,i only produce what will last long for the consumer, so dont be disappointed getting my boxer and not seeing oyo-yo,and also i dont come here to advertize, only to sensitized. We can only promise you the best Note: If you are in Lagos or Abuja and you are ready to invest in Bulk supply or partner kindly send a text or call: 08038662353. 1 Like |
Re: What Would You Do With One Million Naira? by jolyment: 5:17pm On Jul 08, 2018 |
Birchi33: Which game? |
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