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What Profitable Business Can 10million Naira Power (1138 Views)
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leonn(m): 3:15pm On Apr 22 |
Hello great investors and business experts in the house. A friend of mine just relocated to Nigeria š³š¬ from USA, and wishes to set up a profitable business with 10million naira, he wants ideas on the type of business that will give good return on investment... |
sunnymighty(m): 4:35pm On Apr 22 |
[quote author=leonn post=135083333]Hello great investors and business experts in the house. A friend of mine just relocated to Nigeria š³š¬ from USA, and wishes to set up a profitable business with 10million naira, he wants ideas on the type of business that will give good return on investment... [/quote Cooking gas filling depot at a very good location. Note that your friend might need more than 10m to set this up if there is no space already. |
leonn(m): 6:18am On Apr 23 |
Thank you @ sunny mighty for your great input šļø, I will add it as one of the list of suggestion[. quote author=sunnymighty post=135084191][/quote]
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ITSOtech: 7:36am On Apr 23 |
leonn: Food business, open a restaurant in a busy neighborhood or business environment. 1 Like |
Ollyb2020(m): 10:07am On Apr 23 |
leonn: will like to share a unique, profitable business idea that hasnāt been mentioned yet. Executive car rentals, specifically focused on high-end SUVs like the Toyota Land Cruiser Prado and Toyota Land Cruiser. This is a business Iāve been involved in for a while now, and itās proven to be both lucrative and sustainable, especially when targeted at corporate clients, VIPs, and high-net-worth individuals who require top-tier concierge services. WHY THIS WORKS: Thereās high demand for clean, luxury SUVs among embassies, oil & gas firms, executives, and top-tier event organizers. These cars are not just vehicles theyāre income generating assets that can be hired out for ā¦100,000āā¦150,000 per day depending on the vehicle and occasion, Unlike ride-hailing (Uber/Bolt), this is corporate-focused fewer rides, higher value, and more control. Vehicles like the Land Cruiser hold resale value exceptionally well in Nigeriaās market, meaning if it doesnāt meet expectations, resale in 6 - 12 months can still recover a good portion of the investment. The vehicle can double as a personal car when not on duty, unlike traditional retail businesses that tie down inventory. NOW HERE IS THE TWIST THAT MAKES THIS INVESTMENT MORE EFFICIENT: Instead of purchasing brand-new or locally used vehicles which can be extremely expensive weād acquire older models of these cars and upgrade them to the latest versions. I have a trusted link to a reputable company that specializes in professional car upgrades and bodywork conversions. The result is a high-end executive vehicle that looks and feels like new but at a fraction of the cost. If it works well, we can scale from there. Iād be happy to provide more details and even show you a sample upgraded vehicle if you're interested. |
leonn(m): 10:26pm On Apr 26 |
Ollyb2020 thank you for your input, but can 10m achieve this. Getting the vehicles, breaking through the market etcetera, make this guy no go think say I plan to sink his money. He is desperate to be on his feet, you know now pressure here and there why did you come back headache.
Ollyb2020: 1 Like 1 Share |
SavageResponse(m): 4:30am On Apr 27 |
leonn: I think a person who just relocated to Nigerian from an advanced country first needs to settle down and understand how things work in this country before talking of opening a new business. Also any new business he plans to open should be along the lines of whatever training he already has and his skillset 1 Like |
Ollyb2020(m): 3:18pm On Apr 27 |
leonn: I completely understand where youāre coming from. Honestly, if I was in your shoes, Iād be asking the same tough questions, nobody wants to throw money into vibes and prayers. ā¦10M can definitely start smart in this space, but itās important to manage expectations upfront. We wouldnāt be buying brand-new Land Cruisers straight out of the showroom the strategy is about acquiring clean older models, professionally upgrading them to executive standard, and targeting clients who value the service and the brand image, not just the year of the car. The real advantage here is how the business is structured: low daily mileage, high daily returns, strong resale fallback if needed. I also already have connections for the car sourcing, upgrades, and client marketing ā so you wouldnāt be entering blind. Itās not zero-risk , but itās smart, asset-backed, and scalable. If youād like, I can privately show you a sample vehicle + a more detailed rollout plan (not for public sharing) so you can see whatās realistic in black and white. Zero pressure from my side ā Iām building this with or without investors. But I believe you deserve to be on the winning side if youāre ready. Let me know if you want me to send you more details privately." |
leonn(m): 1:12pm On Apr 29 |
@ ollyb2020 I sincerely appreciate your input thus far am also thinking alongside. Kindly send on WhatsApp +2347062025171
Ollyb2020: 1 Like |
Procashtips(m): 9:57pm On May 08 |
ā¦10m to start an executive car hire business? Except you only want to invest into an existing one which isn't a business in the first place but more of investment, I doubt this should be the option. |
Procashtips(m): 10:11pm On May 08 |
Let him think of any low barrier business he can do but must be the type he's skilled in or know someone who's skilled at it
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Tohsynetita1: 3:18pm On May 09 |
leonn:Let him go into importation of goods, he doesnāt need up to 2 million to make millions in months |
Bizmind95: 6:28am On May 10 |
leonn:Order sacks of foodstuffs from the North and sell in the East or West. You can start with Beans and Melon. A 100kg bag of lron beans from the North will cost you not more than 110k for everything including transport. You can then sell between 125 to 135k depending on your customer base. You can sell both to wholesalers and retailers. Food business is first among equals cus Nigerians must eat food first before any other thing...indicate if you're interested so we can discuss further. Shalom. |
mainpesin: 6:43am On May 10 |
Tohsynetita1 tell us more, how do you mean,when you say importation?
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Tohsynetita1: 8:04am On May 10 |
mainpesin:You import goods into Nigeria and sell at the price they sell it here or a bit lesser. You import from China, bring it to Nigeria, and sell, you can make millions in a month of this small business idea. For example, if you buy sweet, chewing gum, chocolate, and other varieties of cheap edible goods from China, you buy at a very cheap price there, you bring it into Nigeria and sell at a price they sell itās type here or sell at a price little lesser to attract customers and sell faster. You just need to know the wants in your target environment. You donāt need more than that. Let me give you an example. You buy an eraser at 65 naira, and you bought 25000 pieces, 25000 times 65 naira is 1.6 million naira, 1 cbm is around 600k for sea shipping, 1 cbm is 1000 litre, half cbm will accommodate 25000 pieces of eraser, that will be 300k, 1.6 plus 300k is 2 million naira approximately, thatās for buying and logistics to Nigeria on sea. Here in Nigeria, that eraser could be sold at 400 naira each, thatās 10 million, you can lessen it and sell at 300 naira each, thatās 7.5 million, you gain 5.5 million in 2 months. Run social media ads, meet physical stores and discuss with them. Analysis of the measurement An eraser here is 3cm by 1.4cm by 0.5cm , multiply together toget volume. Thatās 2.1cm cube, convert it to liter will be 0.0021 litre. If you divide 500 liter by this , you will have like 200k pieces. Which means if you have 500litre which is half cbm, you will be having like 200k pieces of eraser, so, we need something lesser, which I think 250 litre will be okay, if you use 250 litre, it will cater for everything and cost will be reduced by 150k . Mind you, you can import any type of goods, I just use this as example. And if you canāt afford like 2 million, you can try try lesser amount like 500k. You will still have your gain So, you can see you donāt need much to spend, and it doesnāt take your time to do other things. 2 Likes |
Ollyb2020(m): 8:49am On May 10 |
Procashtips: Hey boss, I totally get where youāre coming fromāon the surface, ā¦10M might seem steep for a car hire venture. But I can assure you, this isnāt your typical 'drop-and-drive' rental gig. Weāre talking high-end service, luxury vehicle upgrades, VIP clientele, and monthly income that rivals many small businesses. Itās not just about owning a car, itās about positioningāquality, access, and consistency. That said, I donāt expect everyone to understand it just from a few tweets. If you're genuinely curious, Iād be happy to share my full proposal with you privately. You might be surprised how structured, scalable, and investor-safe it really is. And who knowsāyou just might see the whole industry a little differently after that. Thanks for keeping the conversation realāI'm always down to share ideas with open-minded folks. |
Procashtips(m): 9:09am On May 10 |
Ollyb2020: Yes I don't mind you sharing your proposal on how 10m can start a luxury car rental business. |
Ollyb2020(m): 9:26am On May 10 |
Procashtips: Hey bro, thanks for sharing your honest thoughtsāI actually respect it. I totally get where you're coming from, and that's exactly why I put together a short proposal to break things down clearly. It shows the structure, numbers, and why this model actually worksāespecially when handled by someone who understands the game from the inside. Iām sending it your way just so you can take a look. No pressure at allājust figured it might offer a new angle. If after reading it, you still feel itās not for you, Iāll respect that 100%. Either way, I appreciate you keeping it real. |
Procashtips(m): 1:40pm On May 10 |
Ollyb2020: How long have you been into this business or you're just setting out? |
Ollyb2020(m): 2:09pm On May 10 |
Procashtips: Great question,thanks for asking. Iām just officially setting out on my own, but Iāve been deep in this business for a while. I worked within the executive car rental space under an established company in lagos , In that time, I didnāt just learn how the business runs, I built real, revenue-driving client relationships and insider knowledge of what works. Iāve served elite clients, secured corporate deals, and most importantly, I now supply bookings to others as an agent. Thatās a network you canāt buy itās earned in the field.Now, Iām building out my own operation based on that background with one vehicle to start, and scaling from there.So Iām not just experimenting Iām replicating a model I already understand inside out. Another i will like you to know is that this business model Iām starting with is intentionally lean. No rented office, no unnecessary costs. Our operations plug directly into high-traffic luxury hotel hubs like Eko Hotel, the same way even big players in the game operate. Iāll be ing with the top car rental associations that work directly with these hotels access that opens doors to daily clients. |
Emmizofficial: 7:09pm On May 10 |
Find money add to am and japa you will not regret it
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Procashtips(m): 9:24pm On May 10 |
Ollyb2020: Ok, so it's more of an experience from afar thing and not what you have experienced in personal practicals. |
Ollyb2020(m): 11:28pm On May 10 |
Procashtips: My guy, respectfully if you think this is āexperience from afar,ā you clearly didnāt read with sense. Iāve lived this business from the backend, built networks, and managed real clients. Not having a vehicle yet doesnāt mean I donāt know the engine inside out. Some of us move smart, not loud. Donāt downplay what you donāt understand. |
Procashtips(m): 8:03am On May 11 |
Ollyb2020: Really? You needed to insult me for asking serious questions people that worked hard for their monies should be asking before putting it into what they don't understand? I should stop here Good luck |
Ollyb2020(m): 11:07am On May 11 |
Procashtips: Nah, I didn't insult you, unless being direct and calling out short-sighted thinking now counts as an insult. But let me be clear Iām not here to babysit grown men with shallow takes. Iām building a real business, not looking for underage minds in adult bodies who panic at the sound of innovation. If you canāt grasp a well-explained model with transparency, structure, and upside potential, thatās your P to carry. Iām focused on working with mature thinkers, not keyboard analysts who mistake every new opportunity for a scam. So yeah, you can stop here. Good luck to you too. |
Jiola(m): 11:37am On May 11 |
ITSOtech:very very good idea. Op u better take note of this |
Lanjonath(m): 1:41pm On May 11 |
I've sent an email request. I want to send across a lucrative proposal that I feel you'll be interested in. leonn: |
sunlink2244: 6:21pm On May 11 |
Please can you shade more light about the importation business. If possible let me get your . Thank you Tohsynetita1: |
Tohsynetita1: 8:44pm On May 11 |
sunlink2244:Check this thread on first page, itās there. |
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