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What Lead To The Collapse Of Your First Business? - Business (13) - Nairaland

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Re: What Lead To The Collapse Of Your First Business? by Lanjonath(m): 8:27am On Nov 17, 2019
Noel1:

Yea. I've fixed my earlier post so not to mislead people. Tnx 4 d correction bro.

You're welcome sir, May God bless us in all our endeavors.

1 Like

Re: What Lead To The Collapse Of Your First Business? by Nobody: 8:43am On Nov 17, 2019
africanman85:
how much do you buy old Facebook account and were can I buy one ?
From nairalanders.
Re: What Lead To The Collapse Of Your First Business? by alphabbey1(m): 9:35am On Nov 17, 2019
ThisisIkemefuna:


Hmmmm. Interesting line of thought
There's nothing interesting in that thought. Things become difficult when you don't have the right information...

1 Like 1 Share

Re: What Lead To The Collapse Of Your First Business? by Mujtahida: 9:58am On Nov 17, 2019
somehow:


Where are you based bro?
Abuja bro
Re: What Lead To The Collapse Of Your First Business? by sinaj(f): 10:12am On Nov 17, 2019
bestmutiu2019:
hello ma are you into the business if yes please how can I contact you
you can send your no via pm.
Re: What Lead To The Collapse Of Your First Business? by Harbeeorlar(m): 10:39am On Nov 17, 2019
They asked for my first business. This happened 2015/2016. I have moved on, i have overcome the loss, i am now a fashion designer
Larriekay:
i know one that will pay you. Bestbet360.

1 Like

Re: What Lead To The Collapse Of Your First Business? by thatebonyiboy(m): 10:52am On Nov 17, 2019
hustlelegit:
All those shouting mini-importation blah blah, mini -importation is 100% a profitable business depending on how vast your knowledge is on the field. Most of you venture into mini-importation with no knowledge on digital marketing or social media marketing, and you keep advising people not to start and blah blah. Mtcheww. I ventured into mini importation,print on demand and drop shipping at the same time and my business was booming but I stopped cos facebook deactivated my facebook account and I had a balance of 100k in my ads account, so I just decided to put it at hold since I can't create facebook ads and instagram ads, google ads dey expensive and twitter so I ignore those two. Am still pleading facebook till dey open am back.
Don't mislead people, learn digital marketing and you will be able to sell things easily, Invest and learn. I bought courses and learnt alot, so even if you have 100k start importing and put aside 20k for advertising and learn social media ads, if you no get money to learn am, find person to help you run am. Use gig logistics for your local delivery and u go Dec enjoy ur business.
Once facebook activates my account, I will start a subscription platform and my main target will be USA, Europe ,Canada and Australia cos those countres can invest in anything. No money is small to start a business bro

Hello bro, can I get your WhatsApp digit?? I'd like to talk with you please. Thanks

1 Like 1 Share

Re: What Lead To The Collapse Of Your First Business? by Greenleaf247: 10:55am On Nov 17, 2019
In 2015 I bought a Pentium 4 laptop for personal use then, got it 10k from ladipo market, after 2 weeks use I got a proposal from a church that is ready to pay 22k for laptop, omo see business I Sharply come back to Lagos and get 4 pieces with help of a computer guy that have shop that help me to do most of the marketing. In 2 months time business I start with 50k I have 200k in my account already. Betting is my side hustling then. One faithful day I come across fixed match. I try to give a try pay 50$ to get it, dollars was around 198/$ then. Luckily for for me I won the game but stake low. Contact the guy again this time he charges me 250$. I pay the money through Western Union (Macedonia). After 90 minutes it was lost games, that is how 250$ plus10k stake enter red sea. Within few weeks time I have already lost all the money in my account because I try other sources too. That is how lure 2 customers that want to get a laptop from me that if they could pay 20k each I will get the laptop for them instead of 22k that is how I invest and lost the Money again. I have to sell my phone and find my way out of the state. I have learnt my lesson

12 Likes

Re: What Lead To The Collapse Of Your First Business? by Thane(m): 10:56am On Nov 17, 2019
AwkaetitiBabe:
I can't help u there. It lies in your ability to sell. You need to believe you can sell and you will.

the issue is not to sell, its in buying. Just help me point me to d right direction of the right way to buy it

1 Like

Re: What Lead To The Collapse Of Your First Business? by Phil124: 11:08am On Nov 17, 2019
Greenleaf247:
In 2015 I bought a Pentium 4 laptop for personal use then, got it 10k from ladipo market, after 2 weeks use I got a proposal from a church that is ready to pay 22k for laptop, omo see business I Sharply come back to Lagos and get 4 pieces with help of a computer guy that have shop that help me to do most of the marketing. In 2 months time business I start with 50k I have 200k in my account already. Betting is my side hustling then. One faithful day I come across fixed match. I try to give a try pay 50$ to get it, dollars was around 198/$ then. Luckily for for me I won the game but stake low. Contact the guy again this time he charges me 250$. I pay the money through Western Union (Macedonia). After 90 minutes it was lost games, that is how 250$ and 10k enter red sea. Within few weeks time I have already lost all the money in my account because I try other sources too. That is how lure 2 customers that want to get a laptop from me that if they could pay 20k each I will get the laptop for them instead of 22k that is how I invest and lost the Money again. I have to sell my phone and find my way out of the state. I have learnt my lesson
so sorry bro, from experience I learnt theres nothing like fixed game..am really sorry

1 Like

Re: What Lead To The Collapse Of Your First Business? by Ofejiro20: 11:19am On Nov 17, 2019
Resurgent2016:


No bank can offer 48%+ interest pa. The best he can get is probably about 16% (tb rate) from wallet operators n mfbs
wallet operators? pls kindly explain this one bro

1 Like 1 Share

Re: What Lead To The Collapse Of Your First Business? by 4godsake: 12:00pm On Nov 17, 2019
jclassiq:


And you can find someone honest enough to keep to their own part of the bargain and actually deliver?

Yes,though there may be occasional delay in payment but ur money will surely be paid fully.

1 Like

Re: What Lead To The Collapse Of Your First Business? by somehow: 1:08pm On Nov 17, 2019
Mujtahida:
Abuja bro
Road far
Re: What Lead To The Collapse Of Your First Business? by ArticleBeast: 1:19pm On Nov 17, 2019
AwkaetitiBabe:
Simply go register on Aliexpress.com and search for intimacy gadgets, pay and wait for your products. I advertise on jiji.com and Facebook.
How do you advertise intimacy gadgets using Facebook ads without getting blocked?

2 Likes

Re: What Lead To The Collapse Of Your First Business? by Duggedised12(f): 1:54pm On Nov 17, 2019
remigreat:
Business survival in Nigeria is an herculean task especially when does not have an additional stable income. Natural disaster like flooding and water pollution affected our fish farming coupled with underpricing from fish buyers.
The business didn't see the light of the day after three fishing year due to the above mentioned points. We had to divert into another farming area.
which area are you now into?
Re: What Lead To The Collapse Of Your First Business? by prince049(m): 1:55pm On Nov 17, 2019
hustlelegit:


Naso bro, the greatest success tool in life is investment, even amazon spends millions of dollars on ads every month and they are making their money back in ten folds same as other companies. Every business needs awareness, you can't just buy a product or start a business and expect customer to be coming na. Learn digital marketing and apply it to your business and watch it grow.
That's why I said I will never target Nigerians for any subscription stuff, it's only the western countries I will target cos of their investment ability.
Pls pardon me asking...how do you attract western countries to invest in your business
Re: What Lead To The Collapse Of Your First Business? by Duggedised12(f): 1:59pm On Nov 17, 2019
somehow:
It is hightime Nigerian business men and women moved into hiring freelancers for their businesses

if you are not a standard firm or stable yet with steady customers and clients, you have no business employing full time workers

Start outsourcing jobs and tasks to freelancers or at most part time staff. It will surely help you cut down overhead cost and in the process bring experts your way

Whether your staff make mistakes or not or slow to deliver, you're expected to pay him or her every month.

Whether there is sales or not, you must pay him or her monthly

You will in some cases train him or her too for free and they may likely leave you just after training

Employing freelancers save you from all these and you also have option to reject what is below standard from them without a cost

Chat me up for more information or how to hire competent freelancers for your business needs
why not drop the information here?

1 Like

Re: What Lead To The Collapse Of Your First Business? by Duggedised12(f): 2:02pm On Nov 17, 2019
nkemjacob2:
I entered into agriculture without adequate knowledge and improper planing. It cost me hell
care to share the type of agriculture?
Re: What Lead To The Collapse Of Your First Business? by PhatBG(m): 2:49pm On Nov 17, 2019
A305:
Nigeria is a jungle. It's tough for start up here in Nigeria. Even tougher if you don't have a skill. Any business that survives the very first 3 years in Nigeria and still flourish is worth investing more into. However, I can beat my chest and say, aside the harsh business climate in Nigeria, Majority of business failure in Nigeria is lack or poor MANAGEMENT.

In the ehailing thread, one man in the monker of Dru23 will continue to be a hero for turning his business around and giving hope to other investors in the ehailing thread, All what he hammers on is management and maintenance period.

By the way I still have my CHEAP SIENNA available down my sig

Please, can I get a link to the ehailing thread?

2 Likes 1 Share

Re: What Lead To The Collapse Of Your First Business? by Resurgent2016: 3:09pm On Nov 17, 2019
Ofejiro20:
wallet operators? pls kindly explain this one bro

Paylater, fairmoney e.t.c very few physical outlets, just online app that allow users save and spend. Such companies can afford to pay high interest rates because of their low operating cost and high interest charge on loans they disburse (60% or more pa)

2 Likes 1 Share

Re: What Lead To The Collapse Of Your First Business? by somehow: 3:12pm On Nov 17, 2019
Duggedised12:
why not drop the information here?
Which information?
Re: What Lead To The Collapse Of Your First Business? by Duggedised12(f): 3:17pm On Nov 17, 2019
somehow:
Which information?
how to hire freelancers.
Re: What Lead To The Collapse Of Your First Business? by ArticleBeast: 3:18pm On Nov 17, 2019
AwkaetitiBabe:
Lol. I've casted all my family members ad accounts. I buy from people now. They flag but I try to sell out products before they start their wahala.
Wow that one hell of an adventure o... Have you tried IG influencers? It is a pity naija influencers tend to feel like a mini god...

1 Like

Re: What Lead To The Collapse Of Your First Business? by ArticleBeast: 3:20pm On Nov 17, 2019
Thane:


I tried to order but i don't want to make d mistake of buying wat I can't sell as my capital is small, pls help put me through biko, i will appreciate. Maybe drop a mail where i can reach u
Lolz you can always sell intimacy gadgets
Re: What Lead To The Collapse Of Your First Business? by A305: 3:21pm On Nov 17, 2019
Re: What Lead To The Collapse Of Your First Business? by somehow: 3:24pm On Nov 17, 2019
Duggedised12:
how to hire freelancers.

Just post on Nairaland for the needed type of job
go visit jiji and co

where you are located maters too

And the kind of job you want done

I have clients I work with on this level that I met online and via recommendations
Re: What Lead To The Collapse Of Your First Business? by Thane(m): 3:25pm On Nov 17, 2019
ArticleBeast:
Lolz you can always sell intimacy gadgets
I know, my issue is buying d toys that are fast moving

1 Like

Re: What Lead To The Collapse Of Your First Business? by Duggedised12(f): 3:28pm On Nov 17, 2019
somehow:


Just post on Nairaland for the needed type of job
go visit jiji and co

where you are located maters too

And the kind of job you want done

I have clients I work with on this level that I met online and via recommendations
alright ,thanks.
Re: What Lead To The Collapse Of Your First Business? by Nobody: 3:53pm On Nov 17, 2019
ArticleBeast:

How do you advertise intimacy gadgets using Facebook ads without getting blocked?
I get blocked but I simply persist. You gotta try to outsmart Facebook.
Re: What Lead To The Collapse Of Your First Business? by ArticleBeast: 3:59pm On Nov 17, 2019
Thane:


I know, my issue is buying d toys that are fast moving
Lolz when people dey in the mood to lash, them no dey reason that one o... As long as it if do the job. Anyway you can test run in the comment section. If people react badly towards it, order for it. Nigerians are pretenders in things like this
Re: What Lead To The Collapse Of Your First Business? by zeelux97(m): 4:16pm On Nov 17, 2019
Bahamas95:
Jesu! Are you advicing someone to buy fairly used bike for business? When the bike start to give am problem ready to give am money to dey repair am everyday.


I don talk my own finish

Lolls
I mean no disrespect, but are you an employee or own a business of your own?
Re: What Lead To The Collapse Of Your First Business? by somehow: 4:31pm On Nov 17, 2019
Duggedised12:
alright ,thanks.
Do you need any and for what?

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