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What Business Can I Set Up With N600k? - Business (7) - Nairaland

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Woman Creates A Scene In A Bank After N600k In Her Account Disappeared (Video) / I Started My Business With N600k. Here's the story. / A GTB Employee Helped Bank Customer Set Up Her App, Then ‘Stole’ Her N600k - FIJ (2) (3) (4)

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Re: What Business Can I Set Up With N600k? by proprince(m): 10:28pm On Nov 13, 2019
MLM business.

Why MLM business? Coz it gives you the opportunity to leverage and make money from people you dnt even k ow.

Again the opportunity in MLM gives you room to make money from different countries of the world.

The best MLM business today is AIM GLOBAL.

REACH ME ON 08067960792 if you are serious.
Re: What Business Can I Set Up With N600k? by eyinola: 10:29pm On Nov 13, 2019
emperorblog21:



rent a shop where there is no previous betking shop to avoid competition make sure bet9ja or oda shop is nlt nearer.


apply for an agent on der site with less dan 25k dey will give u vitsual decoder u buy system,connection TV and paint ur shop.-.

u can decide to show football match to customer on DSTV u will be responsible for dat,



u will be xollecting commision every monday.
chat me up
Re: What Business Can I Set Up With N600k? by paix(m): 10:33pm On Nov 13, 2019
invigilator:


Obviously... But I had to let go of something that nearly took away my ability to focus
Congratulations. Welcome back. Good luck.
Re: What Business Can I Set Up With N600k? by Nobody: 10:36pm On Nov 13, 2019
eyinola:
chat me up 08121680787
ok,check
Re: What Business Can I Set Up With N600k? by Klington: 10:40pm On Nov 13, 2019
i will advice you to go on YouTube and watch videos on e-commerce business.
It's a kind Of online store business you can set up and run while maintaining your 9-5.
You won't spend much on it.
Re: What Business Can I Set Up With N600k? by Globalistic(f): 10:46pm On Nov 13, 2019
Come let me give you 1.80 odds and you invest the #600k into it. Surely, you will thank me later.
Re: What Business Can I Set Up With N600k? by Muscholes(f): 11:12pm On Nov 13, 2019
Have you considered mobile banking (cash back), it's quite lucrative... most especially in areas where there are no banks!!!

1 Like

Re: What Business Can I Set Up With N600k? by SendAbroad: 11:13pm On Nov 13, 2019
nextstep:
Buy tbills. 600k x 12% annually is 72k without any further work, every year, and that 600k will remain there as principal. No business risk, no omonile, no story with hire purchase, no fuel shortage, no herdsmen, no bad harvest, etc to affect this income stream.

Now go and keep working/hustling to get another 600k.

How does one go about it! Which reliable brokers to buy from?
Re: What Business Can I Set Up With N600k? by SendAbroad: 11:15pm On Nov 13, 2019
ornicus:


For 600k yes. You have to decide on your risk appetite. An aunt just lost her entire gratuity to scammers. Over 20m. She could have been getting 2m per year from that money. Now it’s all gone. sad.

Pls how did she lose the 20m .can you shed more lights on what the scammers did. So that one can be forewarned
Re: What Business Can I Set Up With N600k? by ecclize: 11:16pm On Nov 13, 2019
invigilator:

Okay I get your point now, the op stated that he's working so he may likely not have the opportunity to be in charge of the business. And since this is a saving booster to help him raise funds for a more profitable business, enrolling a trusted person is okay. 10k is small yes, that's cos the shop is new, subsequently he will make reasonably consideration about the salary when the shop has more customers. If he dishes out huge meals at the beginning, he may end up starving later.

i can't agree less but only a secondary school graduate will take such pay
Re: What Business Can I Set Up With N600k? by Marley147: 11:20pm On Nov 13, 2019
eagleeye2:
Make it up to 700k and get yourself a Keke Napep. When you close from work, you ride it for about 2hours and weekends also.
Do not quit your job.
I think this is one of the best advice rather look for a good wife & marry. From the next savings that will be coming from the keke biz then you can open a shop for her. & still tell her what to be delivering from it to you every month
Re: What Business Can I Set Up With N600k? by munachiso58(m): 11:21pm On Nov 13, 2019
good day all.
After reading the whole comments of a truth ideas has been given but at the same time no idea was given.
bro i will advice you to go and fix your money in the bank,,,,dont ever try and go into any business you will not be around to monitor and dont say i will give it to my your brother to manage in my absence such thing no longer exists no matter the level of trust.

fix your money for a year or so and save up more and marry..(provabs 18:22) you will obtain "more" add it to the scripture.

believe me your wife can manage a business of 50k for you and ur family.

pls take my advice dont risk your money and job.

thanks.

3 Likes

Re: What Business Can I Set Up With N600k? by Nobody: 11:40pm On Nov 13, 2019
ORJINTAIYKE:
I was not able to go through all the comments. But I have to advise you . First, don’t leave your job for a business yuh are about to start. Secondly: divide ur whole money into three, and go into any business with one third, shits can happen. Thirdly: yuh need an internet based business with that capital. Affiliate marketing, importation , drop-shipping, can help . Go and acquire the skills and go into them .
can u teach me affiliate marketing?
Re: What Business Can I Set Up With N600k? by kayprinz(m): 11:44pm On Nov 13, 2019
Davico:
Mini importation,ecommerce and fx trading
Contact me for details
message me I'm interested 09039322774
Re: What Business Can I Set Up With N600k? by chrisxxx(m): 11:57pm On Nov 13, 2019
Samuel4689:
Good question, me and you dey the same page!!!

Wow first to comment!

I dedicate this space to all my

Ikwerre people of Rivers State,

Niger Delta

Nigeria!!!
Nwo nda meka. Dimkpa nu ogirinya bu yhi bu.
Re: What Business Can I Set Up With N600k? by bekpo(m): 11:57pm On Nov 13, 2019
YorubaPrince:
Don't quit your job.... cool

I won't advice you to concentrate all your capital on one venture. Try and diversify (several petty businesses like mini kiosk, Re-selling recharge cards, get a used okada and give to some to ride on ur behalf while they make daily / weekly deliveries, Bet9ja etc... ). This helps you to spread your risks and, try to focus more on the venture with the highest ROI. cool

That's not a good idea, don't even try it!
Re: What Business Can I Set Up With N600k? by Guestuser: 12:03am On Nov 14, 2019
tosyne2much:
Treasury will only give a little ROI. It's not worth it
Little ROI with peace of mind.
It’s very very worth it.

1 Like

Re: What Business Can I Set Up With N600k? by Prince4mic: 12:03am On Nov 14, 2019
Samuel4689:
Good question, me and you dey the same page!!!

Wow first to comment!

I dedicate this space to all my

Ikwerre people of Rivers State,

Niger Delta

Nigeria!!!

meka su wene
Re: What Business Can I Set Up With N600k? by libertyfather(m): 12:29am On Nov 14, 2019
Oracle55:
My fellow nairalanders I am here to seek your advice, I am presently working as an administrative assistant and my salary is fifty thousand naira only (50,000) but as it is now the standard of living in Lagos is very high, I can't get married and build a family with 50,000.

I have saved up 600,000, please what business can I start up in lagos with that amount?

A friend suggested opening a Bet 9ja betting centre that he makes up to 100k weekly, please I need more suggestions please.

Mod, help and push to front page for more suggestions thanks

Bet business is no no, this is an experience from a failed investor....reason expenses is killing especially a place with no much electricity and again betshoo is new buglar target many more to it.... Pls use ur money for something else

2 Likes

Re: What Business Can I Set Up With N600k? by Gucciboy1(m): 12:31am On Nov 14, 2019
Oracle55:
My fellow nairalanders I am here to seek your advice, I am presently working as an administrative assistant and my salary is fifty thousand naira only (50,000) but as it is now the standard of living in Lagos is very high, I can't get married and build a family with 50,000.

I have saved up 600,000, please what business can I start up in lagos with that amount?

A friend suggested opening a Bet 9ja betting centre that he makes up to 100k weekly, please I need more suggestions please.

Mod, help and push to front page for more suggestions thanks

Buy a cheap plot of land and start farming on it. Agro, livestock, fish farm or poultry

2 Likes

Re: What Business Can I Set Up With N600k? by snowking: 12:32am On Nov 14, 2019
If you were in PH i would have advice you visit MBA Forex, invest 500k and earn 75k monthly returns and after 6 months you get your capital of 500k back.

1 Like

Re: What Business Can I Set Up With N600k? by Gucciboy1(m): 12:35am On Nov 14, 2019
ZACHIE:

Hmm.
So, we should become nerds for you merely because you have a little above 1m in your account?
Bobo, chill.
That 1m is weekend bubbly expense

But, if you are pretty sincere about knowing what to do with your 1m+, get off social media and walk around your community to see what needs exist.
Supplying water may be all you need to do. Draining water may be the other way around.

Swallow your huge pride on your little money and learn from yourself.

"weekend bubbly expense" oshey...awon eyan mompha

2 Likes

Re: What Business Can I Set Up With N600k? by Nobody: 12:40am On Nov 14, 2019
Alvin212:
Can you bomb
Yes i can
Abeg show me the way
Before hunger kill me ooo
Re: What Business Can I Set Up With N600k? by nextstep(m): 12:57am On Nov 14, 2019
SendAbroad:


How does one go about it! Which reliable brokers to buy from?

Talk to your bank. To be clear, banks can broker tbills for you (not talking about fixed deposits). I would suggest going through them first so you gain experience with it before going with a broker.

There are many threads on here about treasury bills.
Re: What Business Can I Set Up With N600k? by 0neal(m): 1:06am On Nov 14, 2019
nextstep:
Buy tbills. 600k x 12% annually is 72k without any further work, every year, and that 600k will remain there as principal. No business risk, no omonile, no story with hire purchase, no fuel shortage, no herdsmen, no bad harvest, etc to affect this income stream.

Now go and keep working/hustling to get another 600k.

Listen to this guy

1 Like

Re: What Business Can I Set Up With N600k? by DexterousOne(m): 1:09am On Nov 14, 2019
abescom:
I dont he meant it the way you have put it. Context.

For instance I came on this thread because I have also been thinking of what I can invest 6 million on that can yield me 300k a month from the 4th month of starting and when I saw this thread first thing that came to my mind is - unserious people will be plenty here. The truth is nairaland is full of kids.


I'll tell you the honezt TRUTH

Your projections are not realistic (I.e 300k every month from month 4 from the first year)

Except you have the mind to enter the stock market and make good picks

There is no way you can make 2.4m NET (not gross o) in your first year

But when you have built your business to a certain level
You can even do N500k NET every month

I play in the stock market and I know how much I made (and lost too)
But I cannot recommend such for you because I believe I was just lucky with the stock picks I made

So what will I advice you?

Just fix a part of your fund in a good mutual fund.
Then research in a business you want to do, and learn as much as you can
Then take a portion of the 6m (say 15% of it) and try your luck

All the best

1 Like

Re: What Business Can I Set Up With N600k? by DexterousOne(m): 1:14am On Nov 14, 2019
ornicus:


For 600k yes. You have to decide on your risk appetite. An aunt just lost her entire gratuity to scammers. Over 20m. She could have been getting 2m per year from that money. Now it’s all gone. sad.

Jeez lipsrsealed

How did this happen?
Re: What Business Can I Set Up With N600k? by komodapson(m): 1:16am On Nov 14, 2019
Why not try & open a small Church... Is anyone here dey reason wetin I dey reason

4 Likes

Re: What Business Can I Set Up With N600k? by Rolly22(m): 1:31am On Nov 14, 2019
snowking:
If you were in PH i would have advice you visit MBA Forex, invest 500k and earn 75k monthly returns and after 6 months you get your capital of 500k back.

My sister invested 300k in this particular Forex Scheme and they were paying her 10% of it every week, but now story Don enter am say EFCC cams for the owner this and that, her remaining money is still Hanging.
Re: What Business Can I Set Up With N600k? by Rolly22(m): 1:34am On Nov 14, 2019
I have been thinking of investing 1 million Naira in Mini Bus transportation business, but I need those in the field to enlighten me more about it.
Re: What Business Can I Set Up With N600k? by Rolly22(m): 1:36am On Nov 14, 2019
A305:
Invest in Treasury bills or mutual funds while planning what to invest it in. It's only the bank that is profiting from that money in your savings.


What is this treasury bills all about?

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