dearygally:
Both offline and online businesses are profitable..Most times its not about the business but about the individual behind the business...Any amount can start a business but greed kills us in Nigeria,we want to go from 10k to 100k in a week..if i buy something at 1k and sell at 2k the same day isn't it more reasonable than waiting a longer time to sell it for 2500..
It's all in perception..Business is not for every one..business is consistentency and growth..offline business also help you build your social network and opens you to more opportunities.

Wisdom!

PrudencyFeats:


Very true. Hardly any trade or production with 50k would last. You may start up with it but when you consider expenses in your business and personal expenses, you will run down in a short run.

Doing online business with it just the best option because 50k is about $100 which is enough to risk online and thier are tendencies to make $10 per day which is about 5k.

But dont many Nigerians with no option, no bank loan and no job start businesses with whatever they have? Whether its a web designer who only has 20k or pure water seller who only has 5k?

That’s quite interesting! Kindly add me on your Watsapp group or provide your details.

dearygally:

The business is Thrifts
I have access to a lot of organizations that auctions things, from house and office furniture to electronics to kitchen wares and a lot more(it ranges according to what organization is auctioning ).
For example; chairs can come in for as low as 1k/2k and can be resold for 3k /4k or set of pots and kettles for 3000 and be resold for 5k /6k.
It's an already existing business..I sell from home and also arrange delivery for those who can not come pick up.I have a thread here on Nairaland and also a whatsapp group and of course my clients in different markets in Lagos. There are always relevant and quality wares as niaralanders that are my customers can testify to.Let me stop here as I don't intend to divulge much.
There's usually a surge in auctions and purchase towards the end of the year and begining of a new year so its a perfect timing.

I was once opportuned to have a brief chat with the woman that roasts corn and yam down my street and to cut the story short she started with 7k and today after almost a year its unbelievable..she is doing really well and she has a reasonable savings.(contribution of 1k everyday)
she even added beans to the roasted yam recently and forget oo she did delivery during this lock down sef

V7place:


But dont many Nigerians with no option, no bank loan and no job start businesses with whatever they have? Whether its a web designer who only has 20k or pure water seller who only has 5k?

For sure, people can start up business with even 5k. I've given out 10k and 5k separately to different people on thier demand. The first was to start moi moi business and be hawking it while the other started frying potatoes with ponmo in front of the house.

But here we should be looking beyond just getting something to do but rather something to rely upon to take you to your planned dreams. Where you can save to achieve your dreams. Sustainability is not easy when it comes to this type of business.

PrudencyFeats:


For sure, people can start up business with even 5k. I've given out 10k and 5k separately to different people on thier demand. The first was to start moi moi business and be hawking it while the other started frying potatoes with ponmo in front of the house.

But here we should be looking beyond just getting something to do but rather something to rely upon to take you to your planned dreams. Where you can save to achieve your dreams. Sustainability is not easy when it comes to this type of business.

Growth is the key in business..
Dream big but start small
Even Jim didn't start Zenith with 2 branches

PrudencyFeats:


For sure, people can start up business with even 5k. I've given out 10k and 5k separately to different people on thier demand. The first was to start moi moi business and be hawking it while the other started frying potatoes with ponmo in front of the house.

But here we should be looking beyond just getting something to do but rather something to rely upon to take you to your planned dreams. Where you can save to achieve your dreams. Sustainability is not easy when it comes to this type of business.

But one can only start with what they have? Whether its nothing, 5k, their salary or 1 million naira. Imagine Facebook started by a guy with one computer and small allowance from his fellow student, and now 16 years later worth more money than ANY State Government in Nigeria has if not all the State governments combined!
And multiple examples abound here in Naija. If you have access to millions, good for you, don't waste it and start something good and if all you have is N1000, do something with it and turn it to 2k.

fazbuk:
Please link me up!!!

Alright

babzo:


But one can only start with what they have? Whether its nothing, 5k, their salary or 1 million naira. Imagine Facebook started by a guy with one computer and small allowance from his fellow student, and now 16 years later worth more money than ANY State Government in Nigeria has if not all the State governments combined!
And multiple examples abound here in Naija. If you have access to millions, good for you, don't waste it and start something good and if all you have is N1000, do something with it and turn it to 2k.

Nice

With 50k I will invest in Forex trading and get paid 20% every month, with the capital still intact.

50k? mehn. When some ppl stared with just 10k, and today they are counting in hundreds

Still collating!

dearygally:
Both offline and online businesses are profitable..Most times its not about the business but about the individual behind the business...Any amount can start a business but greed kills us in Nigeria,we want to go from 10k to 100k in a week..if i buy something at 1k and sell at 2k the same day isn't it more reasonable than waiting a longer time to sell it for 2500..
It's all in perception..Business is not for every one..business is consistentency and growth..offline business also help you build your social network and opens you to more opportunities.

Thanks for this write-up, God bless you.

Pa3cia:

Thanks for this write-up, God bless you.

Amen and Amen..Thank you ma'am.

Happy Birthday Nigeria!

ola20:
Yes, I can prove it, with that money 50k,I will use it on Binance and before close of work on that day I will make profit of 15k, it is 100% legitimate business

Can you please teach me??

OlawaleBammie:
Can you please teach me??

15% profit in one day! For real?

ogbeslim:
With 50k I will invest in Forex trading and get paid 20% every month, with the capital still intact.

. Easy to say when it's not your money you're putting into it. You will go and collect 50k loan and next thing u'll think of is forex !!!

alphabbey1:
. Easy to say when it's not your money you're putting into it. You will go and collect 50k loan and next thing u'll think of is forex !!!

Hmmmm

ogbeslim:
With 50k I will invest in Forex trading and get paid 20% every month, with the capital still intact.

Do you get paid or earn the profits yourself?

Any More?

OlawaleBammie:
Can you please teach me??

check my signature and send WhatsApp message to me

I dey come

Chigorkizz:
I dey come

Ok, Please do quick.

V7place:
Any More?

Hope its not audio.

Chimpretty:
Hope its not audio.

Haaaa...@Chimpretty ..who Audio help? We are for real.
In just a few hours we are fulfilling our other promise for Nigeria's Independence Day and a Nairalander is getting paid!

This one is for real too!

Still Collating

V7place:


Haaaa...@Chimpretty ..who Audio help? We are for real.
In just a few hours we are fulfilling our other promise for Nigeria's Independence Day and a Nairalander is getting paid!

This one is for real too!

ok, hope you have seen my own.

PrudencyFeats:


Sure. They will explain A B and C on how to run the business, but they don't understand that unforseen circumstances can occur, like giving you a wrong quality, rains can have effect on offline business, what about expenses and costs of running the business, you will still have to take care of yourself. They forget that offline business is not constant.

I'm not discouraging anyone venturing into offline business, but don't try it with 50k...you’ll sink it.

Online business is better with that 50k.

bros, pls which type of online business?

V7place:
Still Collating

a. A business is an organisation/economic system where goods&services are exchanged for one another or for money.
b. I intend to invest the 50k into my already existing mobile business of buying&selling of ladies wears, under wears and fashion accessories. I call it mobile because my business follows me everywhere I go, this is because I am an under graduate who schools in a state different from where I live.
48 to 49k would go directly into buying the wears while the remaining 1 or 2k would be for tfare depending on my location as at the time of the carrying out the business. No need of space
c. I expect to make the money back within a month if I run within my residential area or within 2weaks if I run it from my school hostel as customer base is higher there.
A little breakdown
1dozenpack of pant(s size) cost 1000, 1piece sells at 200x12=2400
That's profit of 1400 for just a pack

50k to start a business

After much brainstorming, I came up with the idea of starting a POS business.....at least, it is a sole business that doesn't require a shop unless u are buoyant, financially enough to construct one, but pos don't necessarily need a shop

After requesting and getting your pos from your preferred bank, you can recover ur initial capital from the charges you collect from people you are doing transactions for......

If you are making 5k everyday from the charges u are collecting from ur customers, then calculate watch u will be getting in a month