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Two Months Business No Profit, What Is Your Advice?

Discussion in 'General Business' started by Ada, Jul 31, 2018.

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  1. Ada

    Ada Member

    If someone have been doing business for the first two months still no profit, what is your advice? Should I still continue or stop now?.
     
    serome likes this.
  2. Lisa

    Lisa Moderator Staff Member

    Lol can't Nigerians be like white people? Why I make this statement is because the white can use 5years in just research of a business, where is best for it, when to start and when to be expecting profit. If all this ate made before the business kick started you won't be trouble because you haven't seen any profit for just two months of starting a business.

    As for me I would want to tell you to continue because two months or the next six months is too small to tell a future of a business. However you didn't include the type of business you are doing.
     
  3. serome

    serome Administrator Staff Member

    My dear don't leave your business yet. The beginning of every business is always difficult and hard to stand to a profitable state. This is what you need to do, if you have a business plan then go and register your business with CAC depend on the business you are doing. If it's a business you can register then do it, after that then look for a way to promote your business and get many as much customers as you want.

    If your business is something you can promote online then start advertising your business on jiji, olx and proudnaira sales center.
     
  4. DANIEL AUSTIN

    DANIEL AUSTIN New Member

    pastor that started a church it dont expect it to be full in his 2 to 5 services it go further to win souls and pray alot ...........so do more and what will make it grow
     
    Ada likes this.
  5. Ada

    Ada Member

    Lol, I can't stop laughing at your illustration. Thanks so much.
     
  6. Amanda

    Amanda New Member

    My advice is not to stop. Since when I started doing mini-business for myself, it's bets on the sports site https://777score.ph, at first it did not work either, but I did not give up and achieved the result and achieved. Now I have everything Do not ever lower your hands and go to your goal, this is my advice.
     
  7. akeem

    akeem New Member

    They question is
    what is the nature of the business
    Do customers really need the products you see
    Where is your business situated
    How many competitors do you have around you
    How do you relate with your customers.

    The truth is did you make research on the need of people within the environ as to if such a product would sell if eventually you venture
    Into it.secondly,If the product is of high demand within the community but you already have existing competitors it simply means you may have to exercise some patience and always make sure you provide additional service to every customer just to proof you are different from other sellers of similar product.
     
  8. Andretto

    Andretto New Member

    Any companies cannot survive without being properly advertised. So I think you should work in this direction. Try to hire some professionals who can bring new clients for your business. I also have business, it is online pharmacy. For advertising we worked with Light IT company, they provide many modern decisions. Results are great! I recommend to contact them with your problem https://light-it.net/industries/media-and-advertising/#4
     
  9. Sakura123

    Sakura123 Member

    It is not very good....you need to do something with this
     
  10. Marinad

    Marinad New Member

    No profit after two months business? I think, it is not very good. In what area do you have a business? I think if you are doing everything right, you should already get the first income. Though, there are times when people do not get income, even when they do everything right. The problem is that nobody knows about their business. I think the best way to advertise a business is to advertise on social networks. But it takes a lot of time. Fortunately, there are ways to make it easier to run a business page on social networks. Do you know anything about automating a page management in social networks? This is useful when running a business page. You can clearly plan ads, automate posting with social media marketing software source. It is conveniently.
     
  11. Lisa

    Lisa Moderator Staff Member

    sometimes it takes a long time to start getting profit. So don't give up is all i have get to realise.
     
  12. Jide

    Jide New Member

    Is this site a football prediction site or what,pls will like to know more
     
  13. Aaron Efuribe

    Aaron Efuribe New Member

    Hi
    Do you know that Tesla,The 1st Electric car based in the US have not made profit in the last 5 years or thereabout.
    Moreover,before you start this business,did you draft a comprehensive business plan. Do you know that as a business entrepreneur,your sensitivity analysis, should be incorporate 'What if' scenario to you business. 2 months is too small for panicky but you need to realign your strategy and ensure that your business is a viable and profitable businss and ensure that your market strategy is topnotched.
     
  14. crown90

    crown90 New Member

    I believe you need to move forward and make some upgrading to your business. I recommend to take a loan like that https://paydayloan.network/payday-advance.html that can be easy to get and make up your mind for improvements. My ex chief used to say that a successful businessman is the one who always knows the right time for moving forward.
     
  15. Jarel25

    Jarel25 New Member

    I think it is too early to speak about big profit boost after 2 months of business launching.. Anyway, it is too important to make the careful analytics on every stage of your business development. There are a lot of expert companies that provide small businesses with the huge range of business optimization services and monitoring approaches. They also can advice and even develop special apps and software for your business control. Here you can see an example: https://computools.com/optimize/
     
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    Nathaniel New Member

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