Since Ages, we have heard different successful stories of investors who invested heavily on both online and offline product.
As we all know, Investing in a business is one of the best ways to create wealth and generate a passive income stream. However, not all businesses have high ROI (return of investment).
In this article, we will discuss seven creative businesses that you can invest 1 million naira in for a 500% monthly return on investment. So take your time to read to the very end.
Let’s dive in.
If you want to invest your 1 million Naira today in other to have at least 500% or more return of investment monthly, consider the following businesses
Online Retail Business
Food Processing Business
Real Estate Investment
Renewable Energy Business
Logistics and Delivery Business
Beauty and Personal Care Products
Let’s pick these businesses one after the other.
1. Online Retail Business
The first on my list is Online retail business. This is one of the most lucrative businesses to invest in. With the growth of e-commerce, more and more people are shopping online, which presents a huge opportunity for investors. You can invest 1 million nairas in an online retail business that specializes in a particular niche or product line.
For example, you can invest in a company that sells clothing or accessories online such as Jumia. With proper marketing and a good website, an online retail business can generate high amounts of profits with time. You can also take advantage of social media platforms to promote the business and drive traffic to the website and that will also help to increase sales.
Check this out: Work From Home Business Ideas to Start & Make Money
2. Food Processing Business
The food processing industry is another profitable business in that you can invest your 1 million Naira to get higher OI if you live in Nigeria and most especially in urban areas such as Lagos, port Harcourt, and some areas in Ogun. You can invest in a company that processes food items such as fruits, vegetables, and grains. These processed foods can then be sold to supermarkets and grocery stores.
The key to success in this business is to ensure that the food items are of high quality and meet the standards set by regulatory bodies. You can also consider adding value to the products by creating unique recipes or flavors. Let’s move on.
3. Real Estate Investment
I have tried real estate and I can testify that Investing in real estate is a true method of generating passive income. You can invest in real estate by purchasing a property and renting it out. The rental income will then provide a steady stream of passive income while the property appreciates over time.
If you’re curious about your return investment, you can also look toward investing in real estate investment trusts (REITs) or real estate mutual funds. These types of investments allow you to invest in different properties without the hassle of managing these businesses yourself.
4. Renewable Energy Business
Renewable energy is an emerging industry that presents a huge opportunity for investors. You can invest 1 million naira in a renewable energy business that specializes in solar, wind, or hydroelectric power.
Due to the emission of smoke, from machines, cars, and industries, the demand for renewable energy is gaining popularity, especially in Asia countries such as China, the USA, Uk and lots more.
This business generates electricity from renewable sources and sells it to the grid or directly to consumers.
Kindly note that the renewable energy industry is growing rapidly as more countries look to reduce their carbon emissions and transition to clean energy sources.
Investing in a renewable energy business is provide high returns while also contributing to a sustainable future.
5. Logistics and Delivery Business
With the rise of e-commerce, logistics, and delivery businesses have become increasingly important.
You can invest any amount of money in a logistics and delivery business that specializes in last-mile delivery services.
These businesses work with e-commerce companies to deliver products directly to customers’ doors. Some of the companies that currently operate this type of business in Nigeria include
The key to success in this business is to have a strong network of delivery partners and a streamlined delivery process.
With the right strategy, a logistics and delivery business can generate significant profits and provide a valuable service to consumers.
As we all know, Agriculture is a prominent economic sector in many countries of the world. Some of these countries include the United States of America, Brazil, Mexico, and a host of others.
You can invest 1 million naira in an agriculture business that specializes in a particular crop or livestock.
These businesses can sell their products to local markets or export them to international markets.
Also read: How to buy USA stocks in Nigeria
One approach to agriculture investment is to consider investing in greenhouse farming.
Greenhouse farming provides a controlled environment for growing crops, which can lead to higher yields and better-quality produce.
You can also consider investing in a poultry or livestock farm, where you can sell eggs, meat, and dairy products to local markets or processors.
7. Beauty and Personal Care Products
The beauty and personal care industry is another profitable business to invest in. You can invest 1 million naira in a beauty and personal care product company that specializes in a particular niche or product line. These businesses can sell their products online, through retail stores, or through direct sales channels.
The key to success in this business is to have a unique product offering that appeals to consumers. You can also consider investing in a company that uses natural and organic ingredients, which is now a growing trend in the industry.
Thanks for reading to this great end.
It’s now audible to the deaf and visible to the blind that Investing in a business can provide a great opportunity to create wealth and generate a passive income stream.
In conclusion, by investing 1 million nairas in one of these creative businesses, you can potentially earn a 500% monthly return on investment. Once again, thanks for reading