I Need Help With A Million Naira Business Idea

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Dear Aunty Eya,
Thank you for the good work you are doing on your blog…. God bless.  
Aunty, please I would like you to post this email on your blog because I need input on an urgent and pressing issue.

I returned from the UK about a year ago (I studied there) I was hoping I would get

a job almost as soon as I get back but I haven’t been able to get one so far. I am not relenting in my efforts as I’m still applying. For now I want to start a business pending when I get a paid employment, if that doesn’t happen then I’ll continue with my business. 


The problem now is I don’t know the type of business to go into on a 1million Naira budget. Please my fellow Wivesconnection readers I would like to hear your views/ideas on this because I was away for 7 years and I don’t know what really works here.
 Btw I live in Lagos.
Kind regards and thanks for your responses which I’m looking forward to.
Barbara

67 thoughts on “I Need Help With A Million Naira Business Idea”

  1. Hi Brenda, have you thought about gold? You can buy cheap from places like Kano and sell at the South or Eastern Nigeria.
    I don't know if gold is really selling now sha.
    Don't worry sis, getting a Government job in Nigeria can be very frustrating. Hopefully other great Businessmen and women on this blog will help with better ideas.

    Reply

  2. I live in another state but I believe anything can sell in lagos but it depends on your zeal + determination too.

    Reply

  4. Well,my own opinion about it is for you to sell what brings in money and profit on a daily basis.How about selling Foodstuff in bags and cartons and drinks too.all this are consumed by people everyday,with God on your side you make your money quickly rather than things that will tie your money down,especially the one that people will buy on credit and won't pay you back on time or some migth not even pay back.

    Reply

  5. hi please am interested in this business idea i am always online also like 24/7. can i email you too and do i need so much capital to start up?

    Reply

  7. Adhaisy can you kindly share the business idea here so it can profit more people. There are a lot of housewives and singles that are bored and need help. Thank you.

    Reply

  9. What of fish farming! I know lots of fish farmers in the north that make up to 5times the capital in 4months, donno how duh! Anyone that knows how to start a fish pond n get profits can help!

    Reply

  10. I really thought of doing that but with recent developments, I have learnt my lesson. So, anyone who is interested should e-mail me. I am more than willing to even meet up with you if I can to help you. It's a good thing but if I post it here, some people might come from no where and trash it to hell. I'm sorry. 🙁

    Reply

  11. Biz ideas, esp profitable ones are dear to d heart.

    Maybe she can add her email for any1 that wants to contact her. I would love to know some details b4 I spill my idea.

    Luchi

    Reply

  12. Don't be bothered abt people trashing it out, Please share it on the blog or on urs atleast u know in ur heart u're jst trying to help 🙂

    Reply

  13. Ada, I am also interested in this online business as I have access to the Internet and presently I'm a SAHM. Can I send you a mail too?
    …pj

    Reply

  14. This is actually a good idea. The only problem I have with selling gold is that people are fond of buying on credit. It would be very difficult to make profit from this business if people don't pay up. My aunt used to travel to Italy and Dubai when she used to do this, but she eventually stopped because either they just 'disappear' without paying up, or they wear it to parties etc. and then return it saying that they don't like it anymore. I haven't got a suggestion just yet, but I just felt I should point out a serious con of selling gold.

    Reply

  15. Wateva u do dear,I prefer service based business 2anything.go learn a trade,or handwork n den open ur own centre.it fetches money!bt by all means mail ahdaisy,I trust she must av sumthin concrete

    Reply

  16. Thanks éveryone for ur contributions, I really appreciate it. I don't want to go into buying and selling because I have learnt the hard way. I have a lot of money tied down because people bought stuffs I brought on credit and as we speak they're still owing. The most appealing business idea to me right now apart from the internet based business Adhaisy suggested is a service based business. Which I'm seriously considering……Ahdaisy, I've sent u an e-mail, still waiting for ur response. Thanks again guys. a

    Reply

  19. i hav been trying to send u a mail but its not going tru do u hav another mail address i can send a message to?

    Reply

  20. Ahdaisy sent you a mail but no response up till now.
    Start it with Hi, from wives connection. Abi u dey select pple for ur biz??LOL

    Reply

  22. Can you pls explain better cos i no too go school and am interested in what you are pointing out. I will appreciate examples of these service based business. Is opening a boutique an example pls?

    Reply

  25. Nne, no vex, I have been responding to mails all day na im I say make I do something else before I continue. I mustav replied you but if you dint see it, check ur spam folder. If it's still not there, tell me. I'll resend the reply.

    Reply

  26. For me, if u want to start any business, pls start that business with 500k and put the rest in a FD as fall back mny, don't put all u have in a business.
    To do business, u have to be passionate about business first, then u need to know what u interested in, is it catering, clothes, food, jewelries, whot are u passionate about, that's the only thing u can sell and sell well.
    U can actually try supplies, register a company and look for offices, hotels or banks to supply as lil as tissues or stationaries or as big as vehicles, look the sky is the limit to things u can do, if I sit down, can give u more than 20businesses u can do. Look @ ur friends , family members n look for the services they lack, every business starts with an idea, u can start a neighborhood drycleaning business, u can do small chops for parties, u can package ofada rice n moi moi n take to banks, plenty things u can do, do the pple around u love shoes, u can start a shoe business, clothes, u can sit in ur room, order them n even sell them in ur room n pple credit u. Just find ur passion first, bcos is the passion that will keep u going even when things are rough

    Reply

  27. Ada, wld love to hear ur online business, I first invested in an online business when I was 19, did not work for me, but I know there is a lot of mny to be made online, in ur spare time kindly send me a mail, wld be glad to allow u tutor me, lamidealeem@yahoo.com

    Reply

  28. Ada, u need to realize that diff pple will have diff opinons, sme pple will trash it, while sme pple will listen for the sense in ur business ideas, pls don't let it eva bother u, I believe God has made diff businesses for diff pple becos we all have diff destinies, I know soo many pple that invested in Forever living products n did not make a dime, but I also know pple that just started investing in it and have gotten a car from the proceeds.

    Reply

  29. Like Jayde said, if you are really interested in the business, email her. People can really be nasty with their comments. Just sacrifice the mailing time.

    Reply

  35. Thanks Iamz, this is very insightful, especially the part about keeping some money in FD….i'll really hold on to that! God bless.

    Reply

  36. @ Anonymous April 22, 9:38pm

    A boutique business is not service based, it is buying and selling. A service based business is a kind of business you render services and you get paid for the services., examples of service based business are any type of consulting job, barbing saloon, hair dressing saloon, sewing, dry cleaning. Basically, u dont sell tangible goods but services.

    I hope this answers your question?

    Reply

  39. Service based business is any business that provides a service to people. For instance, catering, cleaning houses, laundry, selling foodstuff, supermarkets, tailoring and so on. It is basically meeting the immediate or basic needs of people.

    That's what I think it is anyway.

    Reply

  57. I'll be listing hot business ideas you can roll with in 2013 without you robbing the bank….remember you don't have to choose a business part because you see your friend or someone else making the Benjamins (money) in a particular business.

    My dear ,follow your passion and monetize it and be determined to make it through determination, though you start some businesses and mehn! they just don't work out relax, as long as you're still living you have a thousand things you can do but what ever business idea you have make sure you nurture and get full information about it like the challenges, your clientele , a good location and a great team to work with..

    Remember to choose a business you love because when you start a business you don't expect to make all the money back immediately .. So take a good look at the list below and tell me what you think….

    1. laundry and dry cleaning

    2.Photography and video

    3. Make up art and sales of product

    4. Catering (cakes, food e.t.c)

    5.Interior decor /event decoration

    6.Craft ( Bead making, hat making,sewing,bag and shoe making e.t.c)

    7.Farming( fishery ,piggery , poultry,grass cutter , vegetables e.t.c )

    8.Car wash

    9.Private home tutor

    10.Business center

    11.Event planner

    12.Finger food ( small chops, barbecue,)

    13.Cocktail drinks

    14.Security service

    15.Nanny

    16.foot ball viewing center

    17. Hair technician

    18.Trading

    19.Rental business( chairs,canopies,cooling van e.t.c.)

    20.Graphic designer and printing

    Reply

  59. I have a boutique based(mainly female clothing) in delta state, ogwashi uku to be precise.All my stock have been been sourced from UK.I want to liquidate my business! Hence I'm looking for someone whose interested in buying at my stock at a discounted rate.Serious people please contact me via my email.jeffdagreat@mtnnigeria.blackberry.com

    Reply

  62. It's really good to read the listing from Barbara B. Newton and some other people. If you have any business idea, why don't you share it here? Why do you want to send people a private mail? It's not the best, if I must say. Lots of things are happening on the internet today, so, I think it 'll be better when you share your business idea here and let people learn from you, if truly you want to share something.

    Reply

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