Post
Topic
Board Economics
Re: New business idea.
by
Fortify
on 08/05/2025, 18:56:06 UTC
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?

The way you wrote all this and embedded a link to Facebook looks suspiciously like self promotion, but let's go with the idea it is not. I've never heard of this particular type of nut before, is it a type of food or is the oil from it used in other industries? The way you describe it just sounds like harvesting any number of other products like rapeseed or palm oil, they already have pre-existing markets that are quite good at pricing thing effectively. Unless you have found some special new property that can be exploited, then I'm not sure any extra supply would be warranted. You completely skip over the basic logistics as well.. that people need farm land in order to be able to harvest it and that is usually a huge barrier for getting into any kind of production and harvesting, regardless of the plant - land is very expensive.