• About Us
  • Terms and Conditions
  • Login
  • Register
Motimagz Magazine
  • Personal Development
  • Motivation
  • Business
  • Entrepreneurship
    • Agri-Preneurship
  • Diaspora
  • Success Stories
    • #StudentShine
  • Interviews
  • How To
  • PDF Magazine
  • Opportunities
  • Personal Development
  • Motivation
  • Business
  • Entrepreneurship
    • Agri-Preneurship
  • Diaspora
  • Success Stories
    • #StudentShine
  • Interviews
  • How To
  • PDF Magazine
  • Opportunities
Motimagz Magazine
No Result
View All Result
Home Business

How to start a business with $250 and turn it into a big business

Motimagz by Motimagz
March 14, 2023
in Business
0
starting a business
9
SHARES
116
VIEWS
Share on FacebookShare on Twitter

You don’t need everything to start, just a working brain. Why most people may doubt this, here is how I explained it to a friend. I had a business conversation with a friend last week. This my friend is an entrepreneur and he is smart. He was seeking my opinion on the best way to start a business.

He added …without starting it big. I responded with these lines of thought. Which niche is most suitable to get started from? I think it is selling digital devices. I explained with some data and facts. In 2021 Statista reported that about 77.53m people use the internet in Nigeria. That goes to inform you that this people use digital devices.

You might also likeour posts

Important business lessons that you can copy from your day job

10 Profitable Business Ideas to Try In 2023

Egyptian Startup Blnk Raises USD$32M In Funding

How I Started & Advice On Investing On The ZSE

Load More

How would they access social media, YouTube and TikTok? They need phones and laptop to do that. So, you can now agree with me that the demand of digital devices will keep growing?

He said yes. That has been established. Let’s now start the business. Are you with me? You have a capital of $250 to start a business. Source for a good laptop. If you are in Lagos, you could get it from a big dealer. Or you could import it from China

Here is the point. Ensure the buying price is low and the quality of the laptop is high. Say you buy the laptop for $200. You now have a product right.

He said yes. The next very important thing is to try to sell ASAP. So, you can buy another one . We are now in the marketing stage.

Choose a name. Such as Techstar. Then design a flier. The flier should contain the laptop you sell and the benefits. Then, you can go ahead and start using your social media to market it. You don’t need a shop at this time. Because you don’t have the money. And even if you do you don’t start a business with big capital without testing.

A second marketing strategy is to visit where they sell laptop. Learn from them how they market. In Nigeria, you could sell on Jiji By this time, Facebook ad is not needed. If you do this well, in 1 weeks’ time, you will sell your laptop. With a good margin.

If you sell for $300, you had made like $100 gross profit.

Repeat it with 2 laptops.

Repeat it with 3 laptops.

With patience you will be selling 100 laptops.

I think this will help you to start a business online.

Your favorite friend.

Progress Ibrahim
Entrepreneur & Blockchain Expert | Founder @ expaat.co| Inspires through Storytelling

Tags: businessStarting A Business
Share4Tweet2Send
Previous Post

Try Again: #Poem

Next Post

One on One with Ignite Youth Organization Founder: Tadzie Madzima

Motimagz

Motimagz

Motimagz is a wealth hub of business and personal development information, resources, real & practical advice, stories, and the beautiful face of Africa. We inspire and motivate Africans by sharing different success stories, knowledge, tips, interviews, and features across personal and business development.

RelatedPosts

Side Hustle
Business

Important business lessons that you can copy from your day job

February 23, 2023
164
Profitable business
Business

10 Profitable Business Ideas to Try In 2023

January 23, 2023
141
blnk
Business

Egyptian Startup Blnk Raises USD$32M In Funding

November 14, 2022
66
H1 ZSE Motimagz Magazine
Business

How I Started & Advice On Investing On The ZSE

November 1, 2022
105
Next Post
One on One with Ignite Youth Organization Founder: Tadzie Madzima

One on One with Ignite Youth Organization Founder: Tadzie Madzima

Search

No Result
View All Result

Follow Us

  • LinkedIn
  • Twitter
  • Instagram
  • Facebook

Browse by Category

  • #StudentShine
  • Agri-Preneurship
  • Business
  • Community Projects
  • Creativity
  • Diaspora
  • Digital Marketing
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Health
  • How To
  • Interviews
  • Lifestyle
  • Motivation
  • Opportunities
  • PDF Magazines
  • Personal Development
  • Relationships
  • Short Stories
  • Startups
  • Success Stories
  • Uncategorized
  • Women Talk

Motimagz Magazine

One on One with Ignite Youth Organization Founder: Tadzie Madzima

How to start a business with $250 and turn it into a big business

Try Again: #Poem

Identity Crisis: Definition, Signs, and link with Mental Health

Struck Down But Not Destroyed

Important Links

  • About Us
  • Terms and Conditions
Facebook Twitter Instagram Youtube

Recent Posts: Motimagz Magazine

One on One with Ignite Youth Organization Founder: Tadzie Madzima

How to start a business with $250 and turn it into a big business

Try Again: #Poem

Recent Posts

  • One on One with Ignite Youth Organization Founder: Tadzie Madzima
  • How to start a business with $250 and turn it into a big business
  • Try Again: #Poem
No Result
View All Result
  • Personal Development
  • Motivation
  • Business
  • Entrepreneurship
    • Agri-Preneurship
  • Diaspora
  • Success Stories
    • #StudentShine
  • Interviews
  • How To
  • PDF Magazine
  • Opportunities

Motimagz Magazine © 2022

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Free Newsletter Signup

Subscribe to our PDF Magazine below and never miss a copy.

Name
Enter your email address
Country

Thanks, I’m not interested

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.