Topic: [FIN]I'm Buying Business Ideas- Share a Business Concept-- Win up to $50 in BTC (Read 212 times)

Nice giveaway mate...

Hope next time you will host for little bit longer duration like for a week at least.

Thank you for your kind words.
Sent $50
(tx: 62e0751b79dd2b0d75fd062a326c3542813441ef8e5ee992e992c471694e2895)

here is my btc address.
bc1q42c3epj0pk4p3qkf85lyl40e5qjeu5lrv4zfzx

thank you for the prize, and may you be successful with the business you will run later.

$20 received in btc, thanks for keeping to your words. Hopefully i can also be of help to you in the future.

Thanks for the payment as it has been received in full and I hope to see more of beautiful events and concepts like this.

Cheers 🥂

Congrats to all winners...

I missed this. I guess you would have hosted this in service sub as a contest (no offence, this looks more than a game).

Big thanks to every participant. I was expecting more number of entries, anyhow here are the winners:

1. $50 to Strongkored
2. $30 to Obari
3. $20 to Btcdeybodi

Congratulations to all the winners!

Please share your BTC addy here or in PM.

Youtube channel.

Peace
Please don’t see things that way that I’m trying to counter your opinion but rather we’re rather trying to learn from each other as no one is an island of knowledge.
Typically you’ll understand with me that, the success of a business at the end of the day is how much sales they’ve been able to make and the cost of production most times affect greatly the cost of sales making the cost of sales very high and difficult for the regular Nigerian to afford it
That’s the angle I’m seeing all of these from
Please don’t take it very personal please 🙏

In my country Chinese restaurants are doing well and I read world wide people prefer flavours of Chinese food.

That is why when you want to do a business you first have to do a background check to know if such business will be favorable in your locality. We might be from same country but obviously not from same region so if you think that livestock farming is not lucrative to you it might be simply from your own region because i reside in an oil rich region where company workers always buys chickens and eggs steadily.

It is true that the cost of production is high but after that stage you will eventually start reaping the dividends of your expenditures. Things are very costly everywhere but does it mean we shouldn't do business again? Not at all.

This is a forum that everyone is open to their ideas and opinion so i have no problem with you if you want to counter my opinion but what i have stated here is something i have knowledge of and not just a mere write up.

The truth is that, I think I we’re both from same country and I just say that, of recent, livestock in farming isn’t a very lucrative one in the country considering the cost of production especially for a first time investor as there are cost from structure building to cost of feeds and maintenance and at the end, there are possibilities of people seeking for an alternative increases and let’s take poultry deeming as a case study where for a first time investor, and also paying attention to the high cost of things in the market now, especially the cost of building material and down to the cost of feed, you’ll understand that slot of people who went into poultry this year didn’t make expected profits (atleast in my locality).

I’m not trying to talk down on your idea but I’m trying to say that, poultry farming in my area isn’t that a good one for this season and people went for other sources of protein rather than the regular chicken for this festive season.


It was a very heart breaking experience for me and sincerely I’ve learnt a whole lot of lesson and it has also helped to control my greed level and that’s why I’m working immensely on my contentment level and to appreciate every win as a win regardless of the size of the win.

I don't know the kind of business that are familiar in your country but in my country, Livestock farming is a good business Idea just that it may take some weeks or months before you can start making profits from it so i don't know if you will prefer short term business idea or long term but however, let me lay emphasis on the Livestock farming

BUSINESS IDEA
POULTRY FARMING -
Livestock like raising chickens has been a very lucrative business in my country because you only need to buy either broilers or layers or the both then you are good to go.

1. LAYERS - Layers are chickens that are raised for the purpose of laying eggs which can be sold to make profits. Within 18 to 21 weeks old of the layers, they are ready to start laying eggs and let's assume you have up to 500 layers and they lay 1 or 2 eggs each a day you will be having between 500 to almost 800 or 900 eggs each day which will generate income for you everyday and the consumption of eggs in my region is very high as sometimes you will even find it difficult to get eggs from shops within your residential areas except you go to the main market. A crate of eggs cost $4 and it contains 30 eggs which means if the layers are able to lay up to 900 eggs each day it will be 30 create of egg which will be $4x30 = $120 each day.

2. BROILERS - Broilers are chickens that are mostly raised for meat purposes and they can become ready for sell as early between 6 to 8 weeks. If you have up to 200 broilers, you can also realized good profits from it. Each broiler cost less than $0.1 in my country which means that 200 of it will give you about $20, then the feed is around $10 per bag which means they will require like 36 bags of feeds before they can obtain a considerable weight for marketing which is $10x36 bags =$360 . 2kg of a broiler chicken is sold around at almost $9 while the ones that weighs 3.5kg are sold around $19 in my country. Lets say 150 out of the 200 chickens weighs 2kg which will be $9x150 =$1350 while 50 chickens that weighs 3.5kg will amount to $19x50 =$950.
 
To own a standard poultry farm in my country, both acquiring a land and equipping it will cost around $6k to $7k which if you do not encounter much challenges like death of some chickens, you are likely to make a lot of profits from it even though you will have to pay workers who will take care of the poultry farm on daily basis and other logistics.

Hope you give it a consideration if the demands for Chickens and eggs are high in your country. Though for broilers, the higher demands often happens within festive periods like during Easter celebrations and Christmas seasons but yet it's still profitable.


Sorry about your sad experience, but your losses were just as a result of greed which most traders always falls victims to. I have seen someone who made profits of more than $3000 with just $50 he started the trading with but lost everything within a blink of an eye just because he was greedy and wanted to hit bigger profits. If we remove greed from our lives, we can escape some losses. $2600 is a huge amount of money in my country, you should have just walked away with it but i believe you have also learnt from the experience you had.

Business ideas that I think can be fun hobbies:
Leather crafts:
This business idea does require skills because you must have design skills but this can be learned online.
You can start by making a wallet or tray to put small items, because I think this is simpler and for sales it can be done online in the marketplace, and if you are good enough at making videos then when making them you can record them and put them on YouTube for additional income.

The second business idea is to open a street cafe in front of your house. Cafes like this are the choice of young people to hang out with their friends, the price of all food should be in accordance with the abilities of young people.

The two businesses I mentioned have good potential, because the first one was run by my colleague successfully so that now he already has several employees, while I am hampered by equipment that is quite expensive for my economy, so do it slowly, for the second business idea is trending in my area, because young people like to gather after a tiring day with their activities.

This is a great idea and one of its kind I must say and I will go straight to writing about my ideas



AGRICULTURE

I don’t know if you’ve had the thoughts of agriculture but meh, trust me, it’s a undermined sector of the economy that I don’t think will ever run Dry as much as there are people to consume.
While thinking of agriculture, I will like you to focus more on vegetable production such as lettuce, tomatoes, peppers and the likes since animal farming is becoming very expensive.

If you want to try animal farming, then try pig farming and thank me later

These sectors of agriculture are gold mine as you don’t sort for buyers but buyers sort after you.


Trading
This is already a very risky one but trust me, it’s always worth it if you finally figure out what you’re doing and there is this platform that allows you buy funded account that gives you more advantage to the market as you’re given more money to trade and the broker shares 30% of your profit not a bad idea but first get the right knowledge on the field.


Just wait for the bear market and stock up your coin and portfolio with BTC else just DCA and smile in 5 years if you have the patience.

I don’t know how best to describe this but I think doing supplies to big companies is another big shot and the processes might take some time but if you finally succeed, trust, me it’s a cool way to stay in a steady flow of money.



N/B:. For those who might be wondering if I’ve tried any of these things or just speaking out of assumptions?

I’m an agriculturalist by certification (OND) and I’ve tried several sectors of agriculture and trust me, it’s capital intensive and it works more on the principles of garbage in, garbage out pattern, which means, that your output is dependent on your input.

I was also a trader and I traded synthetic indices back then and I’ve been able to make $2600 in less than 48 hours with a $100 but funny enough I blew the account in less than 2 hours 🤦‍♂️😭

Goodluck man and I hope you try any of these out.

Hello folks,

This is for seeding a business idea for me and for all similar aspirants

How to enter:
Share a business idea, you come across in recent time which seems having potential in your view.

Few guidelines:
1. Even most businesses are geo specific, I do not mind that your idea will suit for my country. I just look for the concept.

2. It can be online or investment based but please do not recommend shady altcoins.

3. You may add some explanation if you prefer to justify your recommendation.

Rules:
1. Newbies are NOT allowed to enter.
2. One entry per account.

Choosing a winner:
By Dec 29th, I will choose an idea that I like and reward $50. Maybe the 2nd best one, may receive $30.

Disclaimer:
I like to reserve all the rights related with this game.