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Nairaland Forum / Nairaland / General / Business / A Good Business Idea One Can Start For Say N1.5 To N2.5 (2309 Views)
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A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 4:27pm On Oct 13, 2018 |
Hello folks, any one knows a good business idea that one can engage in for a capital of 1.5M to 2.5M for a start preferably commodities /FMCG. wholesale etc. will appreciate genuine advice. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by tripplephi: 4:56pm On Oct 13, 2018 |
importation of goods making school uniforms and bedsheets school furniture too never gets old UBER taxify investing in cryptocurrency etc |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Alexious(m): 7:17pm On Oct 13, 2018 |
Good evening, I have Transportation business idea and project that is lucrative and good venture. Its an innovative idea designed for Abuja and can be replicated in other cities. I can send u a copy of the business plan and financial projection. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 7:31pm On Oct 13, 2018 |
Alexious: thanks. problem with transport business is having truthful/reliable/responsible drivers. they could wreck ones business aground with the owner making huge loss. maybe its different from what I know. pm me maybe I can take a look again |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Alexious(m): 7:57pm On Oct 13, 2018 |
Sorry to say, but transportation is not all about drivers. Its about putting in a system that works coupled with adequate follow up. The idea am proposing is a transit business. I'll send u an email. You don't need to put in all your money though. 1 Like |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 3:59am On Oct 14, 2018 |
Alexious: msil 1 Like |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Mr7gWIRELESS: 5:37am On Oct 14, 2018 |
Lush100:find a good location and set up an eatry also you can set up a phone accessory shop with 400k and if you know how to repair phones you can make more than 400k withing 4 months |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by ExplicitConect: 7:09am On Oct 14, 2018 |
It's easy to start all the businesses listed on here by people (They are coming, just wait) but what's not easy is sustaining these businesses. So if the capital owner really wants to start a business he/she should research on the cost and benefit of the business and most importantly the cost of building a customer base or reaching target market, Also, an intense research on market competition to verify the level of competition where the buzness will be located, no one wants to start a business with product or service that are not patronized. Lastly my advice to you is start a business that solves a need within its located area and make sure the number of people solving that need are not too much already if not you will struggle for market standings 5 Likes 1 Share |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Ifylicious: 7:28am On Oct 14, 2018 |
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Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Ifylicious: 7:29am On Oct 14, 2018 |
Alexious: I sent you a pm |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by AfriSurvey: 9:39am On Oct 14, 2018 |
Hello, good morning. I invite you to partner with Afrisurvey as we are offering 5% return on investment per month. Check the link below for more details https://www.nairaland.com/4758865/opportunity-invest-promising-tech-start-up#72036950 |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Alexious(m): 10:10am On Oct 14, 2018 |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Alexious(m): 10:15am On Oct 14, 2018 |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Blackpromise(m): 12:23pm On Oct 14, 2018 |
ExplicitConect:You just nailed it.. So on point. 2 Likes |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 1:31pm On Oct 14, 2018 |
Alexious:will study it and get back to u . |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by JonnyConnection: 12:48pm On Oct 17, 2018 |
ExplicitConect: 1 Like |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by ONNYX: 3:25pm On Oct 18, 2018 |
Lush100: You have already chosen he best model. F.M.C.G Sales/Distributions is definitely the way to go any time, any day. Just chose an emerging company with a good product and then get in gear. Your location is unclear; Lagos. Abuja, Calabar, Ibadan........ |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Proselling: 3:29pm On Oct 18, 2018 |
I think you are on the right path already. Your preferred sectors are an indication of the fact that you have a fair understanding of this economy. Wholesale of any FMCG product would be your best bet. A number of reasons can be adduced for this including but not limited to the following; 1. The lack of long training/orientation. 2. the very low risk potential of the business (if approached very carefully and strategically). 3. The fact that in the majority of cases you can pull out all your investment within a very short time frame. 4. The consistency in the profit schedule of this business(Daily earnings/profitability). 5. Territorial Exclusivity. If you get the distributorship for a reasonably sized company you could pull through with a territorial monopoly. This would give you exclusive rights to selling and distribution rights of the company's products in a particular location thus warding off any competition. The key for you is to seek out a small to medium sized company and negotiate for exclusive territorial rights in your preferred area and then hit the ground running. many of such businesses have been mentioned here in Nairaland. Need I say that you need to do your due diligence before choosing what is best for you under the present circumstances? I could have advised more if I knew your exact geographical bearing. But I suppose you will get a lot of tips here. Wishing you the very best of luck. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 8:41pm On Oct 18, 2018 |
ONNYX:. thanks. preferably Lagos . Ibadan, Ogun state also within my catchment area. been looking for an emerging product. a friend offline also hinted I go into export of agricultural product. ( i really like the prospect but I have a little reservation because I will likely need a middle man and dishonesty and connivance very common in naija. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 8:42pm On Oct 18, 2018 |
Proselling: thanks. preferably Lagos . Ibadan, Ogun state also within my catchment area. been looking for an emerging product. a friend offline also hinted I go into export of agricultural product. ( i really like the prospect but I have a little reservation because I will likely need a middle man and dishonesty and connivance very common in naija. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Oktane: 11:15pm On Oct 18, 2018 |
Proselling: Best advice ever! I feel you bro. No smear smear! Oga, could you expand on this suggestion in greater detail? Could you recommend some products/company for me? I am very interested. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by kayceeking: 12:00am On Oct 19, 2018 |
I will advice you to go into nylon waste recycling. You will need two machines - wet grinding machine and palletizing machine. These are money making machines. The good thing about this business is that you can start with just one of them. You will both do your own work and also work for customers who will bring their products to your factory to process for a very good fee. The demand is so high that your factory will have to operate 24h. Sourcing of raw materials and sales of finished products are all very easy. I have several years experience managing one of these factories. I already have a good business plan on it and if you are interested you can send me an email on kayceekings@gmail.com |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 7:30am On Oct 19, 2018 |
kayceeking: "nylon waste recycling" is it production of nylon or what? the term is not very clear to me. i am really interested if i understand the business dynamics including prospective buyers |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 8:15am On Oct 19, 2018 |
Alexious: replied. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by HappyScent: 12:29pm On Oct 21, 2018 |
My brother,invest on what enter the mouth in sacket in provisions.get a good location on a busy juction in a crowned area.get a car also to do street sales to inform the people around.u are sure of steady return daily 2 Likes |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Oktane: 2:22pm On Oct 21, 2018 |
HappyScent: OP I hope you are following the trend. Sales of FMCG is the fastest way to go. I suggest you prevail on Proselling and HappyScent to suggest what you will be profitable to you. May I add that I disagree with the fixed location approach. I am more inclined to a mobile distribution service with a car and attending to the demands of a particular neighbourhood for which you already have exclusive rights for the manufacturing/importing company. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Olurinade10(m): 2:26pm On Oct 21, 2018 |
Alexious: Please send the plan to me adewumiolurinade@gmail.com |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 3:47pm On Oct 21, 2018 |
Oktane: hi sir, please can u paraphrase and or expand on this "May I add that I disagree with the fixed location approach. I am not einclined to a mobile distribution service with a car and attending to the demands of a particular neighbourhood for which you already have exclusive rights for the manufacturing/importing company" as I am not clear on what u mean? or how does one go about distribution without some form of marketing? sir, ur suggestion on FMCG is well taken, I am working hard to secure something on that front |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Lush100(m): 3:56pm On Oct 21, 2018 |
Proselling: Sir ur advice u stated below is well taken and is my focus " Territorial Exclusivity. If you get the distributorship for a reasonably sized company you could pull through with a territorial monopoly. This would give you exclusive rights to selling and distribution rights of the company's products in a particular location thus warding off any competition. The key for you is to seek out a small to medium sized company and negotiate for exclusive territorial rights in your preferred area and then hit the ground running. many of such businesses have been mentioned here in Nairaland" how does one "hit the ground running"? |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Oktane: 4:06pm On Oct 21, 2018 |
Lush100: That was a typo. I actually wanted to type that I am more inclined to a mobile distribution service which makes use of a car rather than a shop. Forgive me. My experience shows that a a shop may just be an unnecessary appendage for a new starter in business. Many retailers are serviced daily without moving an inch from their locations. I think they actually prefer this model. Examples abound where various distributors for Noodles and other products service the demand of their customers without owning a shop. This is why I had in mind. Proselling wrote something like this somewhere and used the cigarette censoring system as an example. I am also privy to the fact that a lot of distribution takes place using this model. So the money you would have used for the renting of a shop can be deployed as working capital and used to buy more goods this expanding your profit potential especially considering that for the majority of FMCG manufacturers the higher the volume of purchas the higher the discount you can attract. Please keep looking at the FMCG sector and try not to concentrate on the 'big ones'. Seek out the smaller and medium sized ones who are barely known and try to use your large capital as a leverage. A shop will naturally come at the right time. For me the first step is for you to turn around your money 'daily' if possible. 2 Likes |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Oktane: 4:11pm On Oct 21, 2018 |
Lush100: I never said there would be no marketing. I only suggest that with an exclusive distribitorship arrangement one can market less. Of course the product must be something in high demand in that neighbourhood. Believe me there are products with this characteristics; utilitarian, affordability and regularity of use. If you now are able to negotiate for exclusivity rights then GBAM, you re on course. |
Re: A Good Business Idea One Can Start For Say N1.5 To N2.5 by Ochux01: 4:25pm On Oct 21, 2018 |
Alexious: Send to me pls! click2ny@gmail.com |
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