7 Lucrative Businesses To Invest 1 Million Naira For 500% Monthly Return On Investment
Nothing seems better than having enough capital needed to start a business alongside the right knowledge needed to keep it moving. When these two things (capital & knowledge) of the particular business you want are available, believe me sincerely the hardest problem of the business has been solved. Without having to take much of your time in the introduction, let’s dive into the main topic- 7 creative businesses to invest 1 million naira for a 500% monthly return on investment.
In this article, you shall come across the top 7 creative businesses to invest 1 million naira for a 500% monthly return on investment in Nigeria this year.
Let’s dive in!
7 Creative Businesses To Invest 1 Million Naira For 500% Monthly Return On Investment
Below are the top 7 creative businesses to invest 1 million naira for a 500% monthly return on investment in Nigeria this year (2023):
1. Security Dog Importation
If you are still on the lookout for a business idea to start with a million naira then venturing into “Security Dog Importation”, might be one of your top picks.
Security dog Importation is not just a profitable business that makes money but will bring at least a 500% monthly return on your investment.
However, starting a dog Importation business is not what you should rush into as if it’s a sachet water business you need to learn the intricacies of importing animal breeds from abroad.
We know that breed and imported dogs are well trained mostly on security and protection.
Many homes need it to ensure their homes are safe from attack. Also, having a security dog around will easily make intruders detectable.
There are different types of security dogs, two of the strongest are Pitbull and Bulldogs.
Depending on the size and size an average security dog may cost nothing less than 100k in Nigeria.
With that being said, it’s important you do your findings before choosing this kind of business idea.
The second on the list of 7 creative businesses to invest 1 million naira for a 500% monthly return on investment is “Agribusiness”.
Agriculture is a vital sector of the economy, and investing in agribusinesses such as commercial farming, food processing, or the exportation of agricultural products could provide a healthy return on investment.
Note: Investing in Agriculture will not give you quick riches, it is a gradual process, you can invest 1 million naira in farming, this could be poultry farming, pig farming (hot), goat farming, or some top agro-businesses.
3. Renewable Energy
Renewable energy sources like solar, wind, and hydro are rapidly gaining popularity as the world transitions to a more sustainable future.
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Investing in renewable energy infrastructure or projects could offer good returns and help address climate change.
Some renewable energy stocks you can invest in are the following:
Ormat Technologies etc.
Those are just the top 10 renewable energy stocks you can invest in.
E-commerce has witnessed significant growth in recent years, with online shopping becoming increasingly popular.
Investing in an e-commerce platform or online retail store could yield good returns.
There are two major reasons why you may need to invest in eCommerce business, they’re the following; higher returns, and no requirements for physical stores.
With this type of business investment idea, there’s a high potential to get higher returns of 500% investment every month.
5. Real Estate
The 5th on the list of 7 creative businesses to invest 1 million naira for a 500% monthly return on investment is “Real Estate”.
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Real estate is a tried-and-true investment, with returns coming from rental income, property appreciation, or capital gains.
Investing in real estate development, construction, or property management could be a smart move.
It is a very profitable business with a high potential for huge and resourceful income.
6. Start Palm Oil Trading Business
The last on the list of 7 creative businesses to invest 1 million naira for a 500% monthly return on investment you may desire to start is the palm oil trading business.
One of the always trending business ideas that can be started with as low as 100k to millions of Naira in Nigeria is palm Oil trading.
This has to do with you buying directly from sellers in gallons, stocking it, and selling whenever you desire especially when the price is high.
Starting this business requires having some experience and you’ll need to learn from experienced traders.
Frequently Asked Questions On 7 Lucrative Businesses To Invest 1 Million Naira For 500% Monthly Return On Investment
A few of the related questions I’ve provided answers to are the following:
What are some factors to consider before investing in a creative business?
Some factors to consider before investing in a creative business include the market size and potential growth, competition, the regulatory environment, the experience and track record of the management team, and the financial stability of the company.
What are some risks associated with investing in creative businesses?
Risks associated with investing in creative businesses could include market volatility, technological disruption, regulatory changes, competition, financial mismanagement, and unforeseen events such as natural disasters or global pandemics.
Should I invest all my money in one creative business?
No, I can’t advise anyone to invest all his or her money in one creative business.
Diversifying your portfolio by investing in different industries and asset classes can help manage risk and maximize returns. It is also important to consult with a financial advisor before making any investment decisions.