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Allison
Poll
AllisonKnowledge Seeker
Asked: August 14, 2023In:

Sometimes money is not always a problem, but how to use the money wisely is always a big deal for most people. That’s exactly what I’m facing right now. My hit a soft contract worth 3million naira, i don’t want ...Read more

Sometimes money is not always a problem, but how to use the money wisely is always a big deal for most people. That’s exactly what I’m facing right now. My hit a soft contract worth 3million naira, i don’t want to go broke again, so I’m suggesting or thinking of a reasonable business to do or any profitable investment. Should i use the money and buy a car and start bolt driving? Should i use the money for cryptocurrency investment? What do you think?

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Poll Results

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drivinginvestment
  1. Crystal
    Best Answer
    Crystal Knowledge Seeker Experience on Blockchain technologies.

    With 3 million naira I will advise you to plan a good business, that can help you now and also help you in the future. Such business can include the following. Car Rental: Investing in a few vehicles and offering car rental services could be a steady source of income, especially in areas with high tRead more

    With 3 million naira I will advise you to plan a good business, that can help you now and also help you in the future.
    Such business can include the following.

    Car Rental: Investing in a few vehicles and offering car rental services could be a steady source of income, especially in areas with high tourist traffic.

    Organic Farming: Start a small-scale organic farm, focusing on producing fresh fruits, vegetables, or herbs for local markets and restaurants.

    Laundry Dry Cleaning: A laundry or dry cleaning service could be in demand, especially in urban areas where people have busy lives and less time for household chores.

    Real Estate Agency: With a good understanding of the local real estate market, you could start a real estate agency, helping buyers and sellers navigate property transactions.

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Light
LightTrusted Adviser
Asked: August 25, 2023In:

There are a few steps to choose the correct business as a newbie. Think first about your areas of expertise or interest. When you enjoy your work, success comes more naturally. Find out if there is a market for your ...Read more

There are a few steps to choose the correct business as a newbie. Think first about your areas of expertise or interest. When you enjoy your work, success comes more naturally. Find out if there is a market for your product or service by conducting market research. Consider your competitors and target market. Before going all in, start small and test your concept.

Make a sound company strategy with precise financial and objective allocations. Consult mentors or authorities in the field of interest for advice. Regarding your time and resource commitment, be practical. Always keep in mind that beginning a business requires work, so pick an endeavor that plays to both your abilities and the demands of the market.

 

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businessinvestment
  1. Mika
    Mika Expert Mind

    There are a lot of factors to consider while choosing a business. Some of the important factors are: Your skills, knowledge, and expertise Your interest and passion Money you have for the business The team you set up for the business. YOu will have to consider the aforementioned things before startiRead more

    There are a lot of factors to consider while choosing a business. Some of the important factors are:
    Your skills, knowledge, and expertise
    Your interest and passion
    Money you have for the business
    The team you set up for the business.
    YOu will have to consider the aforementioned things before starting a business. You also need to have patience because it is quite i,m[possoible to make your business successful overnight.

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JAHDO1
JAHDO1Newcomer
Asked: August 29, 2023In:

How can I start real estate business? I think real estate business is very profitable business especially for person like me living in rural area. But how can I start?

How can I start real estate business?

I think real estate business is very profitable business especially for person like me living in rural area.

But how can I start?

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businessinvestment
  1. Slaky12
    Best Answer
    Slaky12 Knowledge Seeker Cryptocurrency Engineering

    There many ways to start estate business but I will like to show you just 3 important steps including, Funding: Determine how you'll fund your real estate business. This could involve personal savings, loans, or partnerships. Having a clear financial plan is essential. Location and Office Setup: DecRead more

    There many ways to start estate business but I will like to show you just 3 important steps including,

    1. Funding: Determine how you’ll fund your real estate business. This could involve personal savings, loans, or partnerships. Having a clear financial plan is essential.
    2. Location and Office Setup: Decide whether you’ll operate from a physical office or work remotely. Create a professional workspace that reflects your brand.
    3. Networking: Build a strong network within the real estate industry. Attend local events, join real estate associations, and connect with professionals like agents, brokers, contractors, and lenders.
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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: April 6, 2024In:

have seen a lot of people talked about MLM companies as scams and I also want to confirm if it’s true. I want to know if they are actually scams or not. Your contribution is highly appreciated.

have seen a lot of people talked about MLM companies as scams and I also want to confirm if it’s true. I want to know if they are actually scams or not. Your contribution is highly appreciated.

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businessinvestmentmarketing
  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering

    In my own understand network marketing is a legitimate business model where products or services are sold through a network of distributors. However, some MLM companies may focus more on recruiting new members than selling actual products, leading to unsustainable business practices and potential scRead more

    In my own understand network marketing is a legitimate business model where products or services are sold through a network of distributors. However, some MLM companies may focus more on recruiting new members than selling actual products, leading to unsustainable business practices and potential scams. It’s essential for individuals considering joining an MLM to carefully evaluate the company, its products, compensation plan, and overall reputation before committing time and money.

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Light
LightTrusted Adviser
Asked: July 20, 2024In:

When you want to make reasonable money online you need to invest. Even if you want to try drop shipping, you have to pay at some point so you will need capital.

When you want to make reasonable money online you need to invest. Even if you want to try drop shipping, you have to pay at some point so you will need capital.

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businessinvestmentmoney
  1. Abigael
    Abigael Trusted Adviser Abigael

    There are ways you can make money online without needing capital. Of course you will still need some money to buy data subscription or buy a good Device, but beyond that you just need to earn. This is through selling your skills in freelancing platforms and anywhere else you can get clients. Think oRead more

    There are ways you can make money online without needing capital. Of course you will still need some money to buy data subscription or buy a good Device, but beyond that you just need to earn. This is through selling your skills in freelancing platforms and anywhere else you can get clients. Think of doing writing jobs, transcription or doing some translation jobs. You just need the skills and a way to attract clients and you are good to start earning.

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Mika
MikaExpert Mind
Asked: September 10, 2023In:

Is it possible to become rich through small investments in the long run? How likely is someone to to become very rich through small investment in a long run?

Is it possible to become rich through small investments in the long run? How likely is someone to to become very rich through small investment in a long run?

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become richinvestment
  1. Augusta
    Augusta Enlightened Mentor

    Yes I believe that small investment can make one rich over a long period of time since it isn't a one run off thing. So it is possible to get rich. The thing is that as day passes by the investment Is also growing They are some small investment that comes with compound interest which one cab accumulRead more

    Yes I believe that small investment can make one rich over a long period of time since it isn’t a one run off thing. So it is possible to get rich. The thing is that as day passes by the investment Is also growing They are some small investment that comes with compound interest which one cab accumulate more money over time so you need to keep up with the investment to realize this
    Even if the reward for the investment is small you can still become rich over time as you would still accumulate the profit into the future to make a whole lot of profit provided the investment scheme ls legit

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Slaky12
Slaky12Knowledge Seeker
Asked: September 14, 2023In:

What Are the Best Cryptocurrency Investment Strategies for Profit? How can you get the best cryptocurrency investment strategy for profit.

What Are the Best Cryptocurrency Investment Strategies for Profit?

How can you get the best cryptocurrency investment strategy for profit.

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best cryptocurrencyinvestment
  1. De Mogul
    De Mogul Expert Mind A student

    There are a lot of which that one can make profit in the world of cryptocurrency but you have to be very careful and also know when to take your profit , no matter how little you think it is because at the end of the day no one ever gets poor taking profit.   The best way to invest into cryptocRead more

    There are a lot of which that one can make profit in the world of cryptocurrency but you have to be very careful and also know when to take your profit , no matter how little you think it is because at the end of the day no one ever gets poor taking profit.

     

    The best way to invest into cryptocurrency is by using the DCA method which means dollar cost average where you buy tokens bit by bit waiting to see how the market goes.

    I want you to buy tokens cheaper so that when you said you will have a lot of money

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Abbylove
AbbyloveActive Contributor
Asked: August 29, 2023In:

Understanding your investments is essential for making informed decisions and managing your financial portfolio effectively. Here’s a step-by-step guide to help you gain a better understanding of your investments: Identify Your Investments: Make a list of all the investments you currently ...Read more

Understanding your investments is essential for making informed decisions and managing your financial portfolio effectively. Here’s a step-by-step guide to help you gain a better understanding of your investments:

Identify Your Investments: Make a list of all the investments you currently have. This could include stocks, bonds, mutual funds, ETFs, real estate, cryptocurrencies, and any other assets you might own.

Research Each Investment: For each investment, research the following:

Type of Investment: Understand the nature of the investment. Is it a stock, a bond, a mutual fund, etc.?

Company or Asset: If you’re investing in a company, learn about its business model, products/services, financial performance, and industry trends. For other assets, understand their underlying value and potential for growth.

Historical Performance: Look at how the investment has performed over the years. Compare its performance to relevant benchmarks.

Risk Factors: Identify the risks associated with the investment. Every investment carries some level of risk; understanding these risks is crucial.

Read Financial Statements: For stocks and companies, read their financial statements. Key documents include the balance sheet, income statement, and cash flow statement. These statements provide insights into the financial health and performance of the company.

Understand Fees and Costs: Be aware of any fees, commissions, or expenses associated with your investments. These costs can impact your overall returns.

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investmentunderstanding
  1. Augusta
    Augusta Enlightened Mentor

    Investing is just allowing your money "to work for you," another way to think of investing is when you put your money at risk. You buy an investment like a stock or bond with the hope that its value will increase over time. Investing needs Consistency - Regular additions to your portfolio CommitmentRead more

    Investing is just allowing your money “to work for you,” another way to think of investing is when you put your money at risk. You buy an investment like a stock or bond with the hope that its value will increase over time.

    Investing needs Consistency – Regular additions to your portfolio Commitment and focusing on the long term goals.  Compounding – Put time on your side . Always remember to work with your financial advisor to create a personalized investment plan that will definitely work.

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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: September 15, 2023In:

Saving money everyday is one of the things that we must put into consideration. To build wealth, we need to learn how to save. What is your opinion?

Saving money everyday is one of the things that we must put into consideration. To build wealth, we need to learn how to save. What is your opinion?

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businessinvestmentsavings
  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering

    Saving money everyday day is actually a nice idea in case of an emergency, it not actually good to spend money always without having saved of money, you can save money on transportation costs by walking, biking, or using public transportation instead of driving everywhere. Compare prices at differenRead more

    Saving money everyday day is actually a nice idea in case of an emergency, it not actually good to spend money always without having saved of money, you can save money on transportation costs by walking, biking, or using public transportation instead of driving everywhere.
    Compare prices at different stores or online before making a purchase to ensure you’re getting the best deal.

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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: June 30, 2024In:

a business goes down in terms of sales and other things. What are the neccesary things to put in place to revive it?

a business goes down in terms of sales and other things. What are the neccesary things to put in place to revive it?

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businessinvestmentmoney
  1. spencer
    spencer Enlightened Mentor

    You revive your business by studying what actually went wrong and then try to correct it, most people call it quits after they make a loss in their business but the truth is you need grit to be able to succeed. Failure should be a feedback for you that whatever it is you're doing is not working andRead more

    You revive your business by studying what actually went wrong and then try to correct it, most people call it quits after they make a loss in their business but the truth is you need grit to be able to succeed.

    Failure should be a feedback for you that whatever it is you’re doing is not working and you’ll have to change your strategy to be able to win in business.

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