Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,488 members, 7,812,511 topics. Date: Monday, 29 April 2024 at 02:35 PM

Travails Of A Businessman - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Travails Of A Businessman (100 Views)

Femi Otedola, Do You Go To Work? Instagram Follower Asks Billionaire Businessman / Successful Businessman Shares His Personal Secret To Success / What Motivates You As A Businessman? (2) (3) (4)

(1) (Reply)

Travails Of A Businessman by kiddkash(m): 11:56am On Feb 07
Hello my good nairaland family. I just wanted to open this thread to voice a little of business frustrations.

Customers come to the market to buy goods, you give them original one at a cost effective price, they will complain that it is too much. They will say they want the one of reduced quality which will be able to match the amount they brought to the market.

When they go into the streets to sell, and people don't like the ones of reduced quality then they will say Igbo people sells fake. They will never say they are the ones that requested for lower quality materials to match their money. It is very frustrating.

Example someone wants iPhone 14 pro max at 80,000 naira. Tell me how that is possible. When you tell Chinese manufacturers that customers complain because of the costs, then they'll produce the ones that can be affordable for the wholesalers/retailers.

Later the same funny people will say you are selling chinko product.


People will say Nigeria should ban second hand clothes. How many people can afford to buy brand new ones. E.g. average Nigerian population take less than ₦30,000 per month.
And if the person has minimum of 3 children, can the person afford to buy brand new top of ₦7,000 and Jean of ₦8,000 for one child?

How many clothes will the person buys and for how many children, before their salary finishes.
Thanks God for second hand/ bend down select that costs about ₦500. Then the person would be able to buy at least moderate amount from their salary for their children.

It is not easy for business people out there. Dollar goes high spoiling profit. People always ask, how does rise in dollars affect cost.
Easy you can't buy more if you don't raise prices.
E.g you sell goods at ₦300 when dollar is $950. When dollar rises to $1450, if you don't raise your prises, you can't buy another because it is not even up to cost price,
Then the goods come to Nigeria, you pay huge amount in import duties and taxes, cost of transportation from Port to your place of business, settling agbero and then people still want you to sell ₦300. How?

More updates loading.....
Re: Travails Of A Businessman by china2okrika: 3:01am On Mar 13
I deeply understand what you said. People may have reservations about second-hand clothes, but when burdened by the heavy weight of life, second-hand clothes are a good way to reduce living costs.
Re: Travails Of A Businessman by china2okrika: 3:05am On Mar 13
I am actually exporting second-hand clothes. Each piece of clothing is disinfected and sorted before being packed, and any item with flaws is destroyed and repurposed into recycled fibers.

(1) (Reply)

The Central Bank Of Nigeria Recent Regulation And Its Impact On Cryptocurrency / Help - Skyewallet Is Holding My Money / This Is The Best Way To Earn In Dollars Daily In 2024

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.