It's free. Join us, If you care enough to read the content, post news, stories, add or answer questions on Everyknows.



Log in or Sign Up with your EveryKnows account
By continuing you indicate that you have read and agree to Everyknows
Terms of Use and Privacy Policy.

© EveryKnows Inc 2018

Welcome to Every Knows

Join the conversation... let's make the world more open and connected.

There's more to discover

"If we would have a new knowledge, we must get a whole world of new questions."
See the best answers from Every Knows..

Hi Guest!! What's on your mind?
Which lucrative business can someone do with #400,000 in Nigeria?

Upvote
0
Downvote
0 0 1

Answered: Mirian Alexandra 9 days ago

With 400k one can startup a small boutique business. You can look for a small shop in the city where monthly rate is 10k. beg the landlord/landlady or caretaker to collect a year rate.  If agreed, mathematically it means you will be spending 120k out of the 400k. Then you can use 80k to furnished the area and use the remaining money to get some beautiful clothes in Aba or Onitsha. atleast for men's boutique, the remaining 200k can be used to purchase 10 jeans, 10 Polo, 5  office T shirts.

After purchasing, put them in you newly rented shop to let people know that you are selling. Once you  sold half of it, go back to Onitsha/Aba and purchase another one. continue like that until the business grows. 

Upvote
1
Downvote
1 0 share
Enter your answer below

Anonymous Mode: No Yes

Discover New People * People You May Like To Follow


Question You May Like to Answer

Question Added . Family
What are some of things new fathers can do to help their wives when they have a baby?
Add answer 3 answers -
Answer added . Business and trade
Is Dangote the richest man in nigeria?
Answered by Emmanuel Ikechukwu 3 months ago
. Interested in Health


No Dangote is not the richest man in Nigeria rather He's  legally the richest man in Nigeria.The richest men in Nigeria are the Politicians but we ...... (More)
Add your answer
Post created . Entertainments
Gangnam
Valexone
Published 14 May

Click here to watch... (More)
Open in Link Ask Question

Question You May Like to Answer

Question Added . Information technology
Is Facebook monopolizing the social media world
Add answer 2 answers -
Answer added . Business and trade
Is furniture making business lucrative in Nigeria?
Answered by Ugonna Ezelie 4 months ago


Yes, the business is very lucrative. Before you start, these are what you need to know:Pick A NicheJust like other businesses that require you focusing ...... (More)
Add your answer
Answer added . Business and trade
What sort of business should a graduate be involve in while still searching for job
Answered by Wilson Michael 4 months ago
entrepreneur . Interested in politics,education,business,art,fashion.


you can go into cloth business,shoe/footwear buisness,gambling/gaming center,selling of make-up kits, cream,perfume etc. you can buy okrika cloth,footwe...... (More)
Add your answer