WHAT DO I DO WITH 5MILLION NAIRA THAT WILL CREATE FAVOURABLE PROFIT MARGIN

You can go into farming business.. Or if you want to invest it you can call me 08121340143, 08165009221 and let discuss

I will first ask you to list what businesses you have in mind base on your strength and weaknesses.

Secondly, are you looking for quick ROI or long term ROI?

Thirdly, where do you stay?

akwa ibom, never done biz

Hello Poster


These are my suggestions:

1. CLOTHING: Everybody wears clothes and its accessories. You can start with a little amount of about N200,000. You can buy bales of shirts, jean trousers, T-shirts, etc and distribute them to Retailers. You can also sell them in units.

Clothing items are not perishable compared to food items. It's not time consuming as you can also engage in other activities. You can also make use of some of your clothing items. This is a way of advertising your products indirectly.


2. DIESEL SUPPLY: You can supply to Banks, Schools, Eateries, Hotels, etc. You have to buy from the source (example: NNPC Depot) at a reduced rate and sell them to these places i've mentioned.

These places have to keep their generators running at all times, hence a high demand for your products.


3. BEAUTY SALOON: You can set up a male and female section and employ someone to manage it for you.

The male section will handle barbing of hairs and other related services. The female section will offer services like: Plaiting, Manicure/Pedicure, Sales of weavons, etc

You know women always want to look very beautiful, so you have to capitalise on this.

Make sure your business premises is very neat and organised such that while some Customers are waiting to be attended to, they could be watching some interesting programmes from DSTV on your flat screen TV, Nollywood movies, football, etc. You can keep so many magazines so that some people can read while waiting for their turn to be attended to.


4. EATERY: Everybody needs food to survive. You simply employ a very good Cook and some other hands to help her out.

Again, your place has to be neatly arranged. Some items you'll need in your Eatery may include: Referigerator, Television, Air Conditioner, Generator, etc.

Make sure your meals are very tasty and are served under highly hygienic conditions. There is a place at Aka road, Uyo i ate White soup. Oh my world! That white soup been make brains o with lots of obstacles (meats).

Make sure your drinks are always cold. The prices of food have to be affordable to all classes of people - low, middle, high class.


5. PHOTOCOPYING, TYPING, PRINTING, LAMINATING, SPIRAL BINDING, GRAPHICAL DESIGNING SERVICES: These type of services have a daily demand.

You simply purchase these equipents and employ capable hands to manage them for you. There is no day people don't photocopy their documents. Students will always type and print their assignments, projects, etc.


6. PROVISION SHOP: Once you've gotten a shop, you can stock your shop with higly demanded products. Food items (Beverages, Rice, Beans, Garri, Snacks, etc), Toileteries (Creams, Soap, Perfumes, Detergents, etc), Books, Drinks (Wines, Soft drinks, Water, etc).

There has to be a Generator and Refrigerator so that drinks will be served very cold at all times.

You'll need someone to look after the shop for you. Ensure your shop is always very neat and organised.



N/B: You have to research a bit more on these ones i've mentioned so you can get a clearer picture of things. I gave these examples based on their high demand. They are a bit easy to set up.

Ensure that whoever you employ treats your Customers with respect. Failure to do this will make you lose so many Customers. This will make your business to fail.

He/she has to be very sincere. I don't need to say much on this. These are all for now.

Good luck brother!

GOOD ONE BUT WAS TALKING OF 5M

You can open a restaurant, or be different and open a pizza/Shawarma/froyo joint and maybe add a calabar kitchen to it, it depends on your environment tho...I stay in Abuja where such things sell but I don't know how Akwa Ibom is. I've had this restaurant idea for a while now but no money...remember food is an essential commodity and man must chop. But u have to be interested in any business u want to do...if u have no interest in this kinda biz then don't do it.

Goodluck

CALABAR KITCHEN, MAKES SENSE BUT ONE NEEDS LOCAL TUTORIAL ON THE COOKING METHODS

You don't need to invest all the N5,000,000 you have in a business you've not carefully researched on. Try and start small and you'll make some profits.

I suggested these ones because you can set them up with atleast N100,000 - N500,000. As time goes on you can expand your business.

If the services you're offering are top notch, i bet you that you'll have so many customers. Each customer will automatically recommend you to other people. This way, your profit margin will increase.

So you have to think of making a mark then all other things will follow