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You Can Start This Business With Just N5000 And Earn Over N10,000 Weekly

Nigeria Student Forum / General Discussion / You Can Start This Business With Just N5000 And Earn Over N10,000 Weekly

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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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This business is real, but the problem is if some people could
actually do it. Yes you can start with just N5000 and earn over
N10,000 on a weekly basis. And the business is like the most
popular one in Lagos. That’s the waste paper recycling
business.
Many people may have heard about it, but some people feel
so scared venturing into it. I have actually done it before and it
paid so much, although you need to out in a little stress and
time.
All you have to do is get cartons that are ni longer in use.
Some you buy, while some you see for free. Whichever way.
Your job is to act like a middle man between those who throw
them away and those recycling companies. The only
instrument you would need is a weighing scale.
How do you go about it, it’s very easy! First make sure you tell
people about how much you’d be buying the carton from
them, that is those people who own stores and they sell good
which are being packaged in cartons. The buying and selling is
often in kilograms. So you pay according to he weight of all
the carton selected.
The normal price range should be between N30 to N40 per
kilogram of carton weighed. And then when you sell to the
recycling Companies, those people buy between the range of
N50 to N65 o’er kilogram of carton. So that means per
kilogram of carton, you can get over N20 or N25 as gain/
profit.
So if you can get 100 kg of carton, multiply the profit by 100
and that is like N2500 profit. And if you can get 1000kg of
carton, that would be N25 X 1000 which is N25000 per profit.
So all you need is to get more customers that can sell cartons
for you.
Let’s say you have N5000. You can buy about 150kg of carton
at the price of N30. You can even collect the cartons on credit
if the people you’re collecting from are familiar with you and
can trust you. So when you sell at N60 per kg to those
companies, your gain would be N30 per kg. Multiply it by
150kg, that would be N4500 for one carriage. And if you go
like three times in a week, that’s like good bucks for you.
Well you can use a truck or a Tricycle (Napep), to move your
goods depending on the weight involved. For a start I would
recommend that you use a truck and call an aboki to push it
for you or a tricycle and you pay the driver afterwards. Then
as you grow in business, you can start using vans or danfo
buses or even bigger ones.
Now a lot of shops selling cartons for you are so smart that
they also wanna make excess gains. So you have to
understand how much their previous customers were buying
from them and see how you can come in. You can add
incentive packages to make yours look better than others who
buy from them.
Now where can you find these waste paper recycling
companies? Very easy, there is one warehouse at Doyin, Orile
axis and also another at Cele Bus stop, where you can sell
these to. Good luck in your business.

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