1 Million Naira A Day Business

Make Money Doing Business

Sure you were attracted to the concept of a  Million naira per day business and you ask yourself if this was really possible. Well, I am just about to share a thought with you and to be candid, it has been in my head for a long time now. Before I go into the details with you, let me share a thought about a book I read some time ago about the making of millionaires. The main concept of the book is that it is very easy to become a millionaire if you can solve the so called million naira question: What do people need so badly and consistently that they won't mind paying anything for?

I am not trying to get you to the typical rhetoric you read about in get rich quick literature because I have studied quite a few of them and the concepts they share are usually very vague and you practically difficult to implement because they don't discuss the HOW! 

The question I am about to help you track is a tough one but if and when you are able to answer it, you may just be on your way to wealth. As difficult as this may seem, the answer is not far fetched, it lies in just a simple principle......Learn to consciously find a minimum of Ten problems in your environment on daily basis that require economic solutions, that is where the million naira a day business lies. As I walk through the roads of my city every day, I see a multitude of issues, some are pretty direct and solutions to them may not confer on me any economic benefit, for those ones, I just try to practice the solution principle by trying to see if I can think of an immediate solution that can help out in such situations.

The million naira a day problem seems to be everywhere although at the beginning it looks like too little to give us that amount of money. In this case, let's look at a case study. For those of us very familiar with Lagos, you will know it is a very big city with millions of people in it. Every day, people eat.......and you can imagine how much people consume when you take a trip to a market like Mile 12 in the morning, you see the number of trucks bringing in food from all over the country and by evening, the whole place is deserted just for you to resume the following morning and then the cycle begins all over again. The question is....What happened to the truck load of food stuffs that was brought to the market yesterday? Well the answer is not far fetched, after all you eat yourself yesterday!

Now to the economics, if you imagine that you can sell something a million people need pa day with just one naira profit margin daily, then you already have 1 million naira daily business. Well maybe you can't reach a million people daily, what if you are able to sell what 100,000 people need a day? With a profit margin of 10 naira daily, you will make a million dollars.... You can break this further down the line and see the world of possibilities in looking for an economic problem you can solve which can bring you money daily.

I am not saying you have to start with making 1 Million naira daily, what I am saying is that the day you find an economic problem and people are willing to buy your solution, that is the beginning of your journey to the million naira a day profit. I have made it sound pretty simple so that we can embrace the concept of wealth generation and see the possibility of it happening. Once the mind is able to conceive it, then all we need is the courage to make it happen. 

The other part to this is that, it does not require so much sophistication, all you need is to start it small and scale it up gradually. Stories of people like Ndidi Nwuleli attests to this possibility. I was listening to her story on Fidelity SME forum of how she saw a high need for spices in the country. We all eat one for of spice or the other. She and her Husband started from a garage in Ota, Ogun State and gradually they scaled up to what we know as AACE food today.