Do you know that if you can make N400K monthly in 2024, you will be a millionaire by the end of the year?
In just a few days now, we will be in the year 2024. While some achieved greatly in the year 2023, there are many that couldn’t meet up with their expectations.
As it is always said, he who fails to plan, plans to fail. And an earlier preparation prevents poor performance. How your 2024 would be lies in your hand, the best time to start the preparation is now!
Many people have already started planning for 2024, hope you are not still sleeping?
In the course of preparing for the year 2024, a Facebook user has asked a very insightful question which we found worthy to share with you, and we believe it would really help to make 2024 a great year.
As posted on facebook by Chioma Ifeanyi-Eze, the user asked “How can we make N400k monthly in 2024”
While there are people that make a whole lot more than this amount, there are still people that don’t think it’s possible for them to make such an amount on a monthly basis.
However, the truth is that making such an amount monthly is basically simple, if you have anything you are doing and you applied the right strategy.
How Can I Make N400k Monthly in 2024?
In that particular insightful post, there is a strategic formula that was generated which if you apply it in 2024, you will definitely be making N400k monthly. Below is the strategy:
N1000 profit on each item Sold to 20 people daily For at least 20 days in a month. = N1000 x 20 x 20 = N400k profit per month
The formula above simply means that if you can sell a product or a service to at least 20 persons daily and make at least N1000 profit on each sale, for at least 20 days in a month, you will definitely be making at least N400k monthly.
What Business Can I Do to Make this N400k Monthly in 2024?
While there are people that are already in one business or the other, there are still some that are not yet into any business. Such people may really be wondering what type of business they can go into for them to be able to make such an amount in a month. Don’t worry, this post is packed with value that will help you make the best business decision of your life.
In the comment section of that post, many business people have suggested several types of businesses that are giving them such an amount of money on a monthly basis. These business ideas are born out of experience, as they were all suggested by people that are already into the business. This means that if you can just replicate the strategies, you will definitely see the same positive result.
Let’s now have a highlight of some of the suggested businesses:
NOTE that discussions below are people’s comments on the said post; comments from people that are already into the business. So some of the sentences may be represented the way they said it on the post.
1. Wig laundry and Revamp
According to a user’s comment, Wig laundry and revamp can do 20k profit daily. If you are located in a busy place, you can do Braids Where u charge 10k – 15k For one Hair Then have 2 apprentices to make work faster If u have 2 customers per day that can give u such amount.
2. Furniture
Furniture can give you more than this in one sale. If you then sell in quantity you see yourself making millions in a day. (it doesn’t happen everyday anyways but you’re sure of something huge at the end of every month).
You must not have a furniture shop to do it . Just look for anyone that has a furniture shop, take pictures,add your gain on each price they’ll give you and sell online using various platforms and return the capital to them.
Most furniture shop owners are looking for people to help them sell since business is moving away from analogue to digital now.
3. Egg Supply
Supplying eggs in crates can give you that. I am an eggs supplier, I supply more than 50 crates a day.
4. Shawarma
Shawarma in a University area
5. fried Akara, Potato, Yam
If you fry akara, potato, yam, peppered sauce and sell very early in the morning at a strategic junction you’ll make over 20k. Do this in the evening till night and you’ll make 50k. I’m not joking.
Also, plantain. I sell plantains whenever I’m broke. I go to Arena Oshodi and buy a dozen or half a dozen. I take them home and package them N1000, N500 and N200. On Sunday morning I pack them in my car booth, take them to a church with a big crowd, either Redeem or Winners or Christ Embassy. I display them on the roof of my car or on a table (that’s if a seller gives me).
My plantain finishes in 1st service alone. I’ll go home and pack another set and it finishes. Just that Sunday alone I sold a dozen of plantain. I make over 70k . You’ll be shocked to read this but this is what I do “codedly”.
Another business is selling condemned plastics from factories. I don’t have energy to explain but money dey. You see charcoal? There’s mad money in it oh and it sells daily. Baking things. You see eggs and flour have mad money too. It’s a daily sale. Body creams. Especially soaps and creams that have whitening written on it. Bad product but good money. Boxers, Small chops, buns, puff puff, doughnut if you target a big school you’ll make crazy sales. I know how much my students spend on rubbish outside the school.
6. Adire Fabrics
Yes, it’s possible. I did more than 600k in 15 days during an adire festival in June. Though I broke down after the sale. It was worth all the aggressive marketing .
Profit was between 500- 800 per item and I sold almost 1k pieces of Adire fabrics in 15 days. All organic sales I didn’t run sponsored ads but my friends were angels they helped advertise.
Fabrics (adire) can give you this. Beddings can get you this. In fact with beddings You will make more than 400k.
You don’t even need 20 people per day, you can create a bundle. Normally on sheets you can make up to 3k or more profit on each. So you can bundle it up, let’s say. 3 for 15k instead of 18k
So instead of 20 you can look for 7 people per day To buy your bundle. You can do this with literally any product. Just learn how to generate quality leads, nature and convert them.
Check back later for more ideas….
