Hi everyone,

Happy New Year!!

Okay so we all know starting a business isn't easy especially when it comes to raising the right amount of capital. For someone who has very little savings and is not particularly interested in taking out a loan, what are other ways of securing this capital within a year for a small business?

I know investing is one, which leads to my other question. What are some short to long term investments one can make in Nigeria?

Any ideas??

Egba girl: Hi everyone,

Happy New Year!!

Okay so we all know starting a business isn't easy especially when it comes to raising the right amount of capital. For someone who has very little savings and is not particularly interested in taking out a loan, what are other ways of securing this capital within a year for a small business

I know investing is one, which leads to my other question. What are some short to long term investments one can make in Nigeria?

Any ideas??

Short term investments include, fixed deposit, treasury bills, etc long term bonds, stocks, real estate.

Hmmm...interesting, I must say.

I think there's a lot of cash flowing in the naija and I believe with little or no capital you can still get something going. How about starting an online drop shipping company from America to Nigeria? I know that's easier to do from America and the buyers have to pay upfront, to avoid fraud. You can also look towards china, for things like wigs and weaves (they're extremely over there) and get them to naija, since a lot of girls are crazy about weaves these days. Tons of people do that in London and they make a lot of money off it.

From what I've seen and with the cashless thing that's growing in naija - online business has a future there. You can start with the little you've got and watch it grow in no time. I'm looking into it as well, and I might get a few things going before the first half of this year, just to test the market. Mine is just going to be more IT based.

shymexx: Hmmm...interesting, I must say.

I think there's a lot of cash flowing in the naija and I believe with little or no capital you can still get something going. How about starting an online drop shipping company from America to Nigeria? I know that's easier to do from America and the buyers have to pay upfront, to avoid fraud. You can also look towards china, for things like wigs and weaves (they're extremely over there) and get them to naija, since a lot of girls are crazy about weaves these days. Tons of people do that in London and they make a lot of money off it.

From what I've seen and with the cashless thing that's growing in naija - online business has a future there. You can start with the little you've got and watch it grow in no time. I'm looking into it as well, and I might get a few things going before the first half of this year, just to test the market. Mine is just going to be more IT based.

There is definitely a lot of money in Naij and that's one of the reasons for my interest. I'll look into the online drop shipping thing. I have other things in mind that I want to do but then the online drop shipping thing might just help me raise the capital I need.

purplecircle:

Short term investments include, fixed deposit, treasury bills, etc long term bonds, stocks, real estate.

I've thought of shares and real estate and I'm looking into that. Don't know how I feel about fixed dep etc

@Egbagal,short term investments include treasury bills which can give you upto 10% interest p.a,paid upfront.there is the bonds too.Real estate and stocks are long term investment vehicles.
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