I would have posted this thread on my local board (Nigerian local board) but I didn't because both Nigerians and other countries can still benefit from this little business idea.
The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).
this information shows how the demands of the graundnut oil is in my country today is.
You can also watch a little on how to
manufacture the graundnut oil, I can even invest more if I have this business and start making more money, so what are your takes in this idea?
If you do not have huge capital, please don't go into this business, the profit margin is small. I have first-hand information, I am into farming, over 50 acres of land under cultivation and do plant groundnut and I understand the economics. Agriculture in Nigeria is a very difficult space to operate and if you are used to free money from Crypto, you are just waiting your time, so many factors contributed to these, the one hurting farmers most is the cost of the inputs (Herbicides price has increased over 100% within a year) how can you have a profitable business when the rate of inflation is so high, it eats into your profit margin