CONTEST!!! TITTLE[INVESTMENT WITH MY STEEM]

INTRODUCTION

Hi amazing people in the steem4nigeria community how are you all doing today I hope all is well, today I will be taking part in an amazing contest organised by @richy20 with the theme "INVESTMENT WITH MY STEEM"

In our today's world everyone is very much interested in investing in something that will yield out lots of interest which the process gives room for scammers on social medias.

• WHAT DO YOU UNDERSTAND BY THE WORD INVESTMENT

According to my own understanding of the word investment, it is not a process rather it refers to the activities or an act which involves investing of money or assets for the purpose of gaining interest from it.

It can also be further defined as an act of investing money in a business in other to make profit. And investment can be done in many ways people can choose to invest their money on any kind of business which there are sure it will yield interest to them.

• WHAT INVESTMENT DO YOU THINK YOUR STEEM CAN HELP YOU ACHIEVE?

The kind of investment that I think my steem can help me to achieve is a POS business, I've always wanted to start a POS (money point agent) business but the only problem I have been having is lack of capital.

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And I am very much sure that my steem account will help me to achieve this without having to beg anybody for help or for loan, in other to start the business I will need a minimum of 150,000 which is approximately 1500 steem incase people wants to withdraw huge amount of money so that I won't be going to the bank everyday for withdraw.

• DISCUSS BRIEFLY ABOUT THE INVESTMENT/ BUSINESS AND HOW DOES IT WORK

The business which I wish to start is all about becoming a money point or bank agent which you can help people in your environment to be able to withdraw money from their bank accounts with little charges without having to pay transport to go to the bank.

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I really like how the business usually works because all you need to do is to go to the bank and withdraw large amounts of money and hold then when people wants to withdraw their money there will come to you and slot in their ATM card then transfer the money to you then you will give them cash and remove your service charge.

• WHAT ARE THE BENEFITS AND ANTICIPATED PROFITS FROM THE INVESTMENT

The anticipated profit expected from this business is always very big depending on the location you wish to stand the business, especially if you are running the business in a busy environment or close to university environments.

For example is you withdraw a physical cash of about 150,000 naira then after might have finished withdrawing the money from you by transfering it to you then you give them cash, by the end you can make a profit of about 9000 to 13,000 naira which is equivalent to 130 steem.

And depending on the location of the business people can redraw the money and finished in less than 3-5 days.

• ARE THERE ANY POTENTIAL CHALLENGES IN INVESTMENT IDEA?

Yes!! There are lots of potential challenges in the execution of the business and there are;

• Network issues
• Arm robbers

NETWORK ISSUES

The problems of network issues can greatly contribute to being a challenge in this business because when doing a transaction for a customer and the money got hang by network, for some customers that lacks patience there can abuse and harass you and you will be spending extra transport in going to the bank to resolve the issue.

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ARM ROBBERS

This is the major challenge in the business because since you as a money agent will always be with money incase customers wants to make a redraw you can be easily get rob by arm robbers.

CONCLUSION

I really do hope that in no time I will be able to grow my steemit account to the standard that will help me start my own personal business and become independent. Thank you all for reading my post I really appreciate your time thanks and God bless.

I'm inviting
@mressien39
@prime33
@edidiongeffiong