Subscribe Us

Header Ads

How you can grow your 10,000 naira to a million naira

Money comes and money goes and therefore the pursuit of wealth has become even more fierce during this economy. Because the capital you'll got to accomplish you entrepreneurial passion might not be readily available, here are a couple of tips which may assist you grow or multiply your cash at hand.

1. land

Now you recognize you can’t get any ‘Real Estate’ deal for N10,000… or can you? There are very low brow areas where rent payments are made monthly, some weekly and a few even daily. this is often a gentle thanks to grow income. Imagine renting out a neighborhood of your room space (all counting on variable circumstances) on a weekly N10,000 naira to a working-class individual who needs an area on the brink of his office? That’s roughly N250,000 during a few months. Now imagine you had extra rooms…Apart from that, you'll also act as a rookie realtor . Merely linking a buyer with a seller or a landlord with a possible seller can earn you some commission

2. stock exchange Trade

A guy quit his job and sat down in his room for every week with only food and his telephone and laptop. He downloaded an application linked to stock trade. He engaged in buying and selling stocks of companies and during a week earned himself over N100,000. Of course, tons of risk is involved, but smart decisions can lead a sensible person into some smart millions. Guess you recognize you've got to try to to your research well and be prepared to know the market moves and make your own smart moves needed to form a living from this.

3. Participating within the FCMB millionaire promo

First City Monument Bank is currently running a Millionaire Promo. it's been on since March and can continue till October. it's very easy to urge in, all you've got to try to to is save N10,000 (only N10,000!) in your FCMB account for 30 days and 1,000,000 naira might be yours, or save N50,000 for 30 days and you'll win two million. you'll also win other stuff like generator sets, flat screen TVs and other electronics. The dope thing about this is often that it’s on for a short time so you'll still participate. From what I hear, this is often the fourth season of the Promo and much of individuals are very happy from last year’s promo and even those before that. you ought to check it out.

4. Starting a vegetable farm

Food business is usually good business, especially in Nigeria. Vegetables also are widely employed by everyone, regardless of social station . i feel it’s safe to mention vegetable prices triple between once they leave the village and once they arrive their destinations. the foremost successful farmers are those that have farms outside town and convey their produce into town to distribute in markets. consider purchasing some seeds and devour some sort after vegetable to regrow on your small piece of land and start something now. No land? Not a drag there are folks who would gladly lease out their pieces of land for an agreed later date for payment.

5. Loans

We have seen lyceum students buy phones with their hard-earned money. People need cash to run day to day. Weekly loans seem to play an efficient part during this elaborate money doubling scheme but it takes patience, strategic planning and a solid business model. (you can’t afford to stay chasing debtors around the estate block). in fact as some money comes within the loan values increase (span an honest plan over the space of a year, and bam! you’re there)

NOTE: Everything good comes over a course of your time , nothing great is made overnight (Rome can testify to that) so don’t expect overnight successes, there’s nothing like that. Leonardo Di Caprio began doing TV commercials as a toddler , the KFC founder struck gold at 75 (you get the point). All the simplest in your quest!!!