Okay

promiseniqqa:
bloda...just use that your shop for barbing...you will never regret it........thank me later

One barber spotted!

Angelb4:
It depends on the area. Go to Ijeododo

Inside village

freemanbubble:

Concerning that of sales boy and girl
My dear na where them for dey work na im them dey chop

That is why it is called workshop

Your type is the root of Nigeria's problems.

promiseniqqa:
bloda...just use that your shop for barbing...you will never regret it........thank me later

Things are not like. Before bro

PrinceOgun:
....Physical shops are no longer a feasible and reasonable way of marketing goods in Nigeria, its Online Business , that make all the money this days , When I mean online I mean Websites, make use of the social groups at your disposal , I remember when I had an IT shop selling gadgets and smartwatches in Opebi my business packed up within a year, I was downcasted a bit then I thought of the enormous potential of Nigeria's population , I mean 60% percent of Nigerians now browse the internet that's like 17 billion people easily, I started with paying some admins on Facebook with large groups so I can post my merchandize after a month I made over 200% profit , then I invested on a website and also bought 5 large Facebook groups of my own , now all my selling is done on those groups with ease of mind and major profits all round and I even rent out advertisement spaces to upcoming marketers and they too have been thanking me that they have never had it so good!

Move your business online while you still can .....

what kinda business do you do?

bravesoul247:
what kinda business do you do?

Importing from overseas and selling here via social media (Facebook)

When am paying 12k/year for my shop and 12k5 for my single room d type we call face me i slap you in Lagos, here in the north. It is well o

Totowu will be best for him

ksstroud:


You no nice...
That place is a forgotten zone....

Ikem11:
Ordinary 18k? Na tomatoes and crayfish u dey sell? Sorry am asking o

that’s a day profit some times

PrinceOgun:
....Physical shops are no longer a feasible and reasonable way of marketing goods in Nigeria, its Online Business , that make all the money this days , When I mean online I mean Websites, make use of the social groups at your disposal , I remember when I had an IT shop selling gadgets and smartwatches in Opebi my business packed up within a year, I was downcasted a bit then I thought of the enormous potential of Nigeria's population , I mean 60% percent of Nigerians now browse the internet that's like 17 billion people easily, I started with paying some admins on Facebook with large groups so I can post my merchandize after a month I made over 200% profit , then I invested , I levereged on my Web design and IT skills so i created a top notch E-Commerce website like jumia and also bought 5 large Facebook groups of my own , now all my selling is done on those groups with ease of mind and major profits all round and I even rent out advertisement spaces to upcoming marketers and they too have been thanking me that they have never had it so good!

Move your business online while you still can .....

Lol, 17 billion Nigerians? Anyway, I know what you mean.

MrMcJay:


There is a payment startup that clocked 1Billion Naira worth of payments processed last year. As at when they clocked a billion Naira, they didn't rent an office, they were working online and from a virtual office.

In this Lagos, except you have compelling reasons to open an offline store, it is better to stay online and advertise vigorously. If you have orders, use delivery bikes. If you have meetings, use taxify.

nice

Ikem11:
Ordinary 18k? Na tomatoes and crayfish u dey sell? Sorry am asking o

you say ordinary?

can you afford to give even 5 times that money to to anyone without wincing? 18k multiplied by 12(months)

if you don't have any advice to give go mop sea.

kennygee:
No wonder some things are expensive in Lagos.

For example, food items.

Last time I was in Lagos, I went to the market and felt like I was being robbed.

Semo of 350 per 1kg in Abuja is sold for 400 in Lagos.

With 500 in Abuja, I can buy shoko for 100 naira, pepper, 50 naira, small Titus fish, 250 naira and kpomo 100.

In Lagos, that money na just for shoko and kpomo.

Lol, Thank the abokis for low cost of food stuffs up there in the north. It has nothing to do with Lagos but nearness to farmers. I know most women here go to markets around Ikorodu, Agege where northerners dwell to buy cheaper items.

maybachmusic:



Lots of shops In the 100k to 200 region per annum

fair enough

freemanbubble:

Concerning that of sales boy and girl
My dear na where them for dey work na im them dey chop

That is why it is called workshop

Lool, WorkChop you mean to say? Una funny.

MrMcJay:


There is a payment startup that clocked 1Billion Naira worth of payments processed last year. As at when they clocked a billion Naira, they didn't rent an office, they were working online and from a virtual office.

In this Lagos, except you have compelling reasons to open an offline store, it is better to stay online and advertise vigorously. If you have orders, use delivery bikes. If you have meetings, use taxify.

To start a payment integrator or a FinTech company, the fintech firm needs a license from CBN and partnership with all banks. Which serious bank will give you that partnership without a physical location? So when did the bold ever happen?

Just2endowed2:


What the rent like

1500 per month for the smallest shop around here . Wish I could just bring my business down Ibadan ASAP. Lagos be taxing brothers to death. It's little wonder business owners are migrating in their droves down to neighbouring Ogun State on the daily.

MrMcJay:
This calculation shows the person doesn't know how to run a business.

Deduct Transportation cost of 5k, it shouldn't be added to your shop costs.
Deduct 5k for Shop permit. Divide 5k by 12, that's 416.6 Naira per month.

Your costs are still very very reasonable in a city like Lagos. If it's too much, consider switching to a food or food-related business. Food business is lucrative in Lagos. 20M hungry people is a market you should look at.

Over do. You go de fail exam well well oo
Wrong theories and assumptions you introduced here.
Also who told you 20 million people don't cook at home

kennygee:
No wonder some things are expensive in Lagos.

For example, food items.

Last time I was in Lagos, I went to the market and felt like I was being robbed.

Semo of 350 per 1kg in Abuja is sold for 400 in Lagos.

With 500 in Abuja, I can buy shoko for 100 naira, pepper, 50 naira, small Titus fish, 250 naira and kpomo 100.

In Lagos, that money na just for shoko and kpomo.

But accommodation in abuja is expensive. So give and take, Lagos is still a city to be when compared to abj

This reminds me of about 5years ago when I was trying to get a shop as office for my furniture biz around iyanapaja-egbeda, the minimum I got was 250k, I had to remain online using eateries as meeting points but the problem was that majority of those clients wants to know my office before dealing. I had to beg a guy doing a related biz to be using his shop to receive my clients, he is an illiterate, and I tried everything possible to come down to his level. not long he accused me of flourishing more than him, he became intimidated and started doing things that will get me discouraged to stay further like bringing Alfas and be doing turari, laslas he fought me that I was snatching his customers, I had to tell myself it was high time I got my own office. I stopped going there. Started praying for miracle, A month later i decided to register for one free summer training program in furniture designs which I saw online in v.i during the training a client contacted me from the north and asked for my office address, no where to take him, so I just gave the address of my training place. The day he came, I lied that I do my work there, I took him to the small lobby leading to the workshop(because he can't go inside the workshop), i told our trainers he was my brother. I got him a cup of tea from the kitchen. I was just praying inside of me that the boss should not come out and also praying that some of my busy body trainee colleagues will not come and mess me up. So he was able to peep into the workshop, when he saw the sophisticated machines there, he said no doubt I can do the job, he brought out his cheque book and gave me 900k cheque. I never got lump sum as high as that in my life. I the first thing I did was to get my own workshop for 250k, put my few equiments and made sure I delivered on time to collect my 400k balance. Although he is still owing me 90k till today, I never bothered. I forgave him because God used him turn my life around. E no easy to survive in Lagos as a starter.

PrinceOgun:
....Physical shops are no longer a feasible and reasonable way of marketing goods in Nigeria, its Online Business , that make all the money this days , When I mean online I mean Websites, make use of the social groups at your disposal , I remember when I had an IT shop selling gadgets and smartwatches in Opebi my business packed up within a year, I was downcasted a bit then I thought of the enormous potential of Nigeria's population , I mean 60% percent of Nigerians now browse the internet that's like 17 billion people easily, I started with paying some admins on Facebook with large groups so I can post my merchandize after a month I made over 200% profit , then I invested , I levereged on my Web design and IT skills so i created a top notch E-Commerce website like jumia and also bought 5 large Facebook groups of my own , now all my selling is done on those groups with ease of mind and major profits all round and I even rent out advertisement spaces to upcoming marketers and they too have been thanking me that they have never had it so good!

Move your business online while you still can .....

Sir please can you teach me? I sell online but not breaking even yet

essenceplus:
Because Lagos runs an extortionist system. Simple

Unnecessary and multiple taxation

Gerrard59:

To start a payment integrator or a FinTech company, the fintech firm needs a license from CBN and partnership with all banks. Which serious bank will give you that partnership without a physical location? So when did the bold ever happen?

I have forgotten the name of that particular startup but I remember it handles payroll for companies. Crossed a billion Naira processed last year and that's when I heard about it.

Let me give you another example that clears your doubts.
Payant crossed 1 Billion in payments being processed and they work out of a virtual office in Kaduna.

Bro, i advise tech companies and there's an easy and faster way my clients comply with the requirements in your opening paragraph. I won't state that here.

when I tell them that what they're living in Lagos isn't life but suffering, they come for my head...Lagosians are so used to poverty eeh, infact they love it, even proud of suffering...kai

[quote author=PrinceOgun post=79448753]....Physical shops are no longer a feasible and reasonable way of marketing goods in Nigeria, its Online Business , that make all the money this days , When I mean online I mean Websites, make use of the social groups at your disposal , I remember when I had an IT shop selling gadgets and smartwatches in Opebi my business packed up within a year, I was downcasted a bit then I thought of the enormous potential of Nigeria's population , I mean 60% percent of Nigerians now browse the internet that's like 17 billion people easily, I started with paying some admins on Facebook with large groups so I can post my merchandize after a month I made over 200% profit , then I invested , I levereged on my Web design and IT skills so i created a top notch E-Commerce website like jumia and also bought 5 large Facebook groups of my own , now all my selling is done on those groups with ease of mind and major profits all round and I even rent out advertisement spaces to upcoming marketers and they too have been thanking me that they have never had it so good!

Move your business online while you still can .....[/quote

Theory. Go and buy pepper online

Keep complaining when you come to calabar you go believe . you will pay tax sote you will bex close your shop

tomdon:

Over do. You go de fail exam well well oo
Wrong theories and assumptions you introduced here.
Also who told you 20 million people don't cook at home

I doubt if you've ever run a single profitable enterprise in your life.

All the top eateries and fast foods businesses in Nigeria today started from Lagos.

Fan milk is in Ibadan, their largest market is in Lagos. Gala by Uac foods sells more in Lagos than the other 35 states combined.

So, you'll cook breakfast and lunch at home before leaving by 5am for work and carry 2 lunchboxes to work?

No person living in Lagos would make the ignorant statement you just made. Sit at home and be cooking beans while others are in VI, Apapa, Ikoyi, Ikeja making money.

dominique:
Sometimes I wonder how these shop owners break even talkless of making profits. As if the shop rents are not expensive enough, state will want to tax you, local government will want to levy you, even area boys will come for their share. As if those are not bad enough, customers will be haggling your goods at ridiculous prices (some will even pilfer right beneath your nose), your sales boy/girl will be looking for ways to steal from you without getting caught. Shop owners are trying biko, it takes a lot of discipline and shrewdness to maintain a shop in Lagos.

The worst extortion is that of the sales boy or girl. Those ones will just crumble ur biz in a blink of an eye

jeff1607:


you say ordinary?

can you afford to give even 5 times that money to to anyone without wincing? 18k multiplied by 12(months)

if you don't have any advice to give go mop sea.

My sister no vex but d money na ordinary... Check the kind of business u do with 2 shops that can't comfortably pay 18k a month for u. Change line of business and seek person person wey sabi business

polimaf:
that’s a day profit some times

That's why advice her to check the kind of business she is doing...

Imagine having 2 shops for just 18k and she is complaining