Here to learn.

Lost $720 in ForEx due to negligence and account management issues in 2006. Some dollars in HYIPs too. It took me years before picking myself back up. Fortunately, the major financier just overlooked the loss.
I've learnt some lessons since then;
the trend is your friend, and that there's devil in details

Following. ..............

khassy:
I came across a thread on nL https://www.nairaland.com/4548511/business-start-400k-lagos

Being the entrepreneurship person that I was, I set out to give it a try.

Left my base in Ilorin to try it out.

Long story cut short.. I invested about 160k into it. Lost about 54k

But I'm unbothered tho, I'm still giving it two more shots next month before giving up on it.

I'm attaching a screenshot to summarise everything I spent.

Note I didn't include my transport, cus I was driving my car myself and it was some sort of tourism to me.

Lesson learnt,
Never test a business based on what people say and don't try any business with money you can't comfortably lose (I learnt the last part from cryptocurrency)

We crypto guys right now

Transportation business. I lost over #6m because of those who managed it. Don't trust any driver. Those guys are crooks. I'm sure there are still exemption though.

N150,000 on GNLD MLM.


#CheckMyProfile

homirefacuny:


We crypto guys right now

Crypto is actually doing fine.
I will dance and give thanks to God if Cardano falls to 800sats, right now its in 1000sat.

LoJ:

Wow.

I have never met a great entrepreneur that never made a bad investment. You must be very wise... Or very lucky.

or never made any investment at all

HardMirror:
This is in response to this wonderful thread https://www.nairaland.com/4852491/how-old-when-made-first

After going through the thread i realized that many had made money but lost all or a good chunk.

This is my own story.


business agreement with a nairalander i wont mention his name, but i had an agreement with a nairalander, but i suspect he diverted the money into MMM. Long story short he still owes me 400k after refunding about 600k to me.

@coloured

egwekwe:
MMM - over 2m even though I started with 150k...

Cryptocurrency - currently loosing millions but I have I've also gained millions there too.

Land scammer : paid for a land with eventually turned to scam


Farming : invested 100k+ in rice, millet, beans and maize ...lost everything to flood and Fulani herdsmen

Zainab's big yanch : This girl is the king of manipulation. She was highly religious that I thought she can't scam me. She manipulated me very well and scammed me of over 250k from so called dating and felt no remorse when the bubble burst .she was so good at it that devil gave her a medal.

That's sadly the definition of majority girls in Nigeria now.... Very selfish , self centered and manipulative.


Funny enough, am just 23 with already bountiful of experience and am sure the future
holds something great for me

I'm a newbie in cryptocurrency. I need help. Could I contact you?

ChildOfDoom:
Easy pick. Bet9ja Virtual. I used all i got and sold most of my belongings to invest in its imaginary profit. It recked me and pushed me 6 years backwards. Worst decision i ever made

Baby onike(plastic)
Dem no born me make I near am again.. Demonic game

movetoca:
Oil Bunkering...I lost over 12m in one day. I will try again by the grace of God.

Wow.. I love your spirit but approach with caution.

Mrblaster:
Your moniker says it all.

O su mi o... How did he come about that. Chai people dey Sha

Biingoo:
mmm and get help worldwide. lost almost 10mil naira

Shit!!!! Dat loss was massive... I feel ur pain

How can I contact you legend

hahn:
What happened to me this year sef just get as e be.

So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.

The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.

You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.

Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.

Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.

I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.

By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down

Dollypizzle13:

I'm a newbie in cryptocurrency. I need help. Could I contact you?

As the market is going, na only God and whale get sure contact

You're free to contact me tho

JBmarz:


Shit!!!! Dat loss was massive... I feel ur pain

I almost committed suicide last year

clems88:
Crypto and PayPal biz. Idiot duped me a large sum on Friday . till trying to recover from the sickness of that loss . na when the idiot dupe me my eye come open.

My brothers n sisters , friends n enermies , boys n gels I'm here to tell you that jazz is real.

Dead

homirefacuny:


Wow.. I love your spirit but approach with caution.

The business is a blood money business, anything you see you take. I won't leave it no matter what.

hahn:
What happened to me this year sef just get as e be.

So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.

The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.

You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.

Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.

Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.

I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.

By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down

'man never backs down', I like that.


So this boy, who's my brother, is a talented fashion designer, far beyond his pairs, but, he works for some greedy bloke who paid him peanut change. So I decided to bankroll him, get him a shop, buy a generator and three embroider machine, with one sowing machine. That way he'd sponsor his education in the University and add to the family net worth. Long story short: he dropped out of school, doesn't save a dime. He abandoned The purpose of starting the business while he makes cool cash and spend it on himself alone.

I threw over 900k in that investment. I actually went broke after the incidence.it hurt because I was doing it for the family.

Amiblaize77:
So I was told by a friend to lend a farm land to plant potatoes, unfortunately after clearing and planting with over months of mantainance fee paid monthly. fastforward 2weeks to harvest its was cleaned clear by thieves, only to be left with tiny pieces. That was quiet painful but lesson learnt

Blood, tears, and sweat.
All for nothing..
Take heart

Forex trading.... I nearly run mad.

movetoca:
Oil Bunkering...I lost over 12m in one day. I will try again by the grace of God.

Are you for real?

hahn:
What happened to me this year sef just get as e be.

So I was finally making N25k daily from my website and saved more than N1m and decided to hire a professional SEO company to handle my seo so that I can rank for more keywords and make more money. My target is to make 100k+ daily which is actually what my competition make.

The SEO company charged N150k per month and on the first month we found out that Google had penalized my site because of a Yoast plugin issue. With the Yoast plugin new update they was an option which was usually turned off by default but was on with the new update and thus pages were created automatically using images and no content. Coincidentally Google's new algo or whatever just came out and in it included a rule against pages with only images. And thus I was bleeped.

You can read more about the Yoast issue here https://charlesfloate.co.uk/yoast-mess-up. Many people were affected by this issue. If you go through the comments you will see one guy complaining about how he went from $1,000 per month to $100 because of his drop in traffic.

Also the seo company discovered that for some reason my backlinks created to my website were being removed so now I had to pay for on-site seo and also backlinks. To cut the long story short I spent all my savings trying to resolve this issue and I am still working on building more backlinks.

Daily income has gone down to N5k-N10k daily and yes I am royally bleeped because I have to fuel my gen and run it for 24 hours as we barely have power here. Nepa did not even blink the light throughout the weekend and as I write this the generator is on and making noise. Data, feeding, diapers, baby food etc sef dey there but we are managing.

I don't even know what to call this one. Whether bad investment or simply bad luck but thought to share.

By the way, based on the kind of person I am due to the low traffic I was getting and free time I got I used that spare time to build 3 new websites and now I am working on building them to profitability. Man never back down

This one na pure bad luck.

santakris:


Are you for real?

I'm confused, for real in what sense?
Is it the 12m or the try again part?

...

I have carefully gone through your posts. Really touching and informative. I hope we learn from our mistakes.

Meanwhile I also have my own story. Last yr I invested over 5million naira in establishing a new record company. Avalon okpe shot the video of our Artist, spent over 1.5 m in equipping our music studio to world class standard. After all said and done, Artist no blow, record label studio turned commercial studio did not even pay from Artist recording.
It was a big mistake, huge loss and regret.

I am an IT guru and computer programmer. My regret is not investing in my field of specialization. I invested in music biz bcus of someone close whom I felt could handle and manage it well but did not.

My lesson learnt is to invest my money is a business that is related to my profession or area of specialization. This way you will be able to handle your business personally and effectively. Only you can do it better.

Follow our cryptocurrency news channel on Instagram @cryptonews9ja

Catfish business
Brought the business idea
My mom invested about 1.5 million
Lost the fish and the money
My dad was the manager
Can't still forgive him up till now

santakris:


Are you for real?

Do I sound like a clown?. It's part of the business and you must have the stomach to Bear the risks including prison.

spiritedtete:


My brother... We are all equal forget about money now... My mentality and approach to money is different... I am not disperate too... The only thing that bit me everyday is how to better the people around me... This is my only worry and fear in life.

Otherwise personally there is nothing absolutely nothing in this world

On the 1m usd it was suppose to be a loan/share to a friend building a refinery... Which was supposedly a processing fee to secure bank guarantee from a foreign bank. But at last it was yahoo boys that was manipulating him...

Gboys?

These guys are wrecking relationships and families.

Thank God you have overcome it. You are really brave

Gaspardd:


Crypto is actually doing fine.
I will dance and give thanks to God if Cardano falls to 800sats, right now its in 1000sat.

I major in btc since most coins went mad I can't come and go and kill myself. Ripple almost sent me back to the village