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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 (https://www.business-standard.com/article/companies/groundnut-oil-bullish-but-other-edibles-slip-in-absence-of-support-experts-123020500100_1.html) 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 (https://www.facebook.com/100075900130898/videos/1348773322475745/?mibextid=rS40aB7S9Ucbxw6v), I can even invest more if I have this business and start making more money, so what are your takes in this idea?

The fact that you didn't post it on your local board means you are gatekeeping this possible business, and you should have not because there might be some people in your country who want to join this venture with you.

Well for me, this is a good business to start as soon as possible since it is bullish, but I'm not sure how long would it still be in demand since your country is using many types of edible oil. I see your point here, you want to take advantage of growing demand of this graundnut oil which is good, but posting it here would be difficult to attract some investors. I mean you can try there is no problem with that and it's worth trying I believe.

What you are trying to say is unlikely to be an economic base or a business idea, as the forum is multinational and some countries are not agricultural, as in my country we export oil and there are rarely agricultural projects with good returns.
If the peanut oil industry is profitable, the biggest problem is the export restrictions, as being limited to the local market will not achieve good profits.
In my country, sunflower oil and olive oil are the most used, while peanut oil is rarely used.

Wow, what a nice business idea. I love the fact that you posted it here for others to be aware of it and not only Nigerians. This business idea is something that we should take advantage of. I have already opened the link and I watched the video of how the man produced the granut oil. Like in the video, the woman makes a comment and she says that after removing the granut oil from the grounded groundnut,
 the other parts are still for good use, which means that double profits are involved in this groundnut oil factory.
With your comments, I can conclude that you are even planning to get started on your own. However, it will help you get more money that you can use to invest in Bitcoin.

The business sound lucrative and bullish as there are not many people that are into the groundnut oil business at the moment, and I will like any investor that will want to buy into the idea of investing in the groundnut oil business to not just do so because of the bullish market status quo  as it's obvious the bullish price won't last for long when more investors start moving into the line of business making supply higher than demand, would you still continue or exit the business. Set your goals right ahead before trying to take the advantage from the start. My fvckin opinion though!

I just heard about this, but I also want to declare that in my country I don't have much enthusiasts about peanut oil, even though in my country I have fertile land, but here there are more who ask for coconut oil and palm oil. The average peanut is used for snacks and seasonings only.
In other words, if I start this business, I need a sustainable marketing because there is almost no enthusiasts at all.

But maybe if you think about it, regarding the superiority of kerosene and also the percentage of oil content in peanuts is more good than, palm or coconut every kilo, I am interested in doing so, but I still doubt the results, this is quite risky because it is not there the market. The price of peanuts is also quite expensive so this is quite confusing if there is no knowledge in managing its manufacturing materials in order to benefit.

Well no doubt that there is demand for graundnut oil in Nigeria because it is really needed. But what makes the business more lucrative and profitable is what I can not really put my fingers on. It is not that their are additional delicacies that has been added to Nigerian meals to say that the demand is higher than what it was before except that probably the population of Nigeria has increased and that could be proportional to it use.

Having said that, I think the other reason I can adduce to it profitability is probably the high inflation level in the country that has also caused multiple increase in price of goods. So the profit margin for business people is really high because there is no price control mechanism making any business person to sell with whatever price they so desire. The price of graundnut oil and palm oil have really skyrocketted.

First, this is a very poor article and does not provide any precise details about consumption and needs based on which some kind of conclusion can be drawn. What I concluded from that, is the big demand for oil is due to the lack of raw materials. What will happen next year when production increases and the quantity of raw materials is ten times greater?

Assessment of profitability in agriculture is not done only based on one year. I believe that it can be a profitable business if you look at it in the long term, especially if you grow your peanuts


Looking at this, I would suggest that if you are already thinking about production, try to raise it to a higher level. More modern production with much higher hygiene standards.

It will not be as easy as it sounds because of even after you start manufacturing, you will need to have some kind of registration or approval from the government to start marketing your products else the business you hope to start will close up faster than you expect. You will also need to invest in packaging because it is necessary to have better sales unless you only want to remain local. You will also need to invest in marketing of your produce. All those things will cost money.

Having a personal business to create a start up always have capital intensive because you will need money to make up every necessary set ups needed, that is why it is mostly advised that we should first learn to earn money enough before starting our own venture because of the capital demand, we also have to create a perfect work schedule as plan for how the work operations is going to be carried out, this will help towards archeiving a proper a proper business management.

There is no doubt that the cost of groundnut oil is high and would be very profitable for whoever venture into the business presently. It is not as easy as we say it, because for anyone that start up a business that he has plans for, he must know the in and out of that business so that he doesn't end up on a great loss at the long run.

Getting the capital to get started and how to know the exact market strategy is what should be put into consideration, I know that whoever starts this business will make good profit because Nigerians uses more of peanut oil than other source of oil no matter how expensive it is. It is only palm oil that is highly used by everyone. The business is a lucrative one since you can also use the by-prodouct for other purpose. You don't consider only having the capital bit you should also have some reserve funds for other unforeseen challenges in the business.

Kudos on sharing this information globally since this new to me because palm oil is the most popular oil production here in my country. There’s no demand for this kind of oil since this is new and I’m not aware that peanut can be use as an alternative oil.

I believe it will be helpful if you can provide details in the post about the advantage of this oil compared to other oil industry especially on country that already have mass production of different oil such as palm oil.

i’ve never heard of this oil so it must be safe to say that it’s not something very common in my country

first of all it’s good that you have an idea on what business you want to take on and it seems like you’ve really thought about what product would be in demand my suggestion is to make an outline

first calculate how much you will be needing to get this project off the ground, consider all factors needed in producing and selling, estimate how long will you get back the money you used to start this off or when will you be starting to see profit and how much you are expecting and have plans on standby when expectations are not met

it’s important to plan meticulously because starting a business is always a risk but if you truly see potential in this one then i say go for it

Groundnut oil production is capital-intensive and requires some basic skills. This means it is important to check if you have the finances to establish and run the business. From your article the business is lucrative but they also failed to inform us of how they came up with such a conclusion. The research also didn't tell us a case study of study so that we can compare it with the situation in our country. Anyway, anyone who intends to engage in this business should do a lot of research because there are so many hurdles to surmount.

Groundnut seeds are scarce and very expensive in my location. So I have to consider if my selling price will be competitive based on the price in the international market. There is also a need to check the agricultural policies of the your country because since groundnut is scarce the government can place export restrictions on the product. Thank you, OP for sharing this business opinion.

You good bro? He literally shared it with everyone so as to not gatekeep it. Why would it be the other way around if more people are able to see and understand what this little business idea of his entails? That doesn't make sense does it?

Edible oil's the market to go if you want something that doesn't saturate as well. Just go and take a look at your local grocery and see how many types of cooking oil there are, pretty sure there's no reason for him to fear not getting the proper audience for this since, granted there's health benefits, people will be more than happy to try out new types of oil. Olive and Virgin Coconut's been in the market quite recently and it boomed cause people are health-conscious, I'm pretty confident in the health perks of this groundnut oil he's talking about so with that we can safely assume this business's bound to boom.

Demand for oil is in every country and our country is no exception but the demand of Chinese groundnut oil is very less in our country, there is considerable demand of other edible oils including soybean oil and sunflower oil in our country. So if we think about groundnut oil business in our country then I am sure people of our country will not be successful from this business. If this business is a popular business in your country and if you think people of your country can earn profit by doing this kind of business then you and people of your country can do this business if they want. We also think about business but it is a different business. I like your business idea, maybe that idea will be useful for our other business.

This is another business strategy, but I don't think if this will be beneficial to many people here because it not for everyone. here is a multinational platform. I think you would have taken it to your local board because more people will be interested about it more in your local board, compeard to people here.

But nevertheless I think some people would still be interested though.groundnut oil business is a lucurative business and profitable.

Groundnut oil production might work as a business idea in some parts of the world, but you gotta think about a few things first.  Whether you can actually get the peanuts to make the oil in the first place.  Peanuts grow okay in different climates, but I think they like warm, tropical regions the most. So it can get tricky finding enough raw peanuts in places where they aren't grown much.  Not to mention more expensive.  But where peanuts are all over the place already the business could make good money.

So while making groundnut oil could maybe work out, you really gotta check if the climate and weather conditions, and thus the availability of peanuts raw material, where you live make sense before jumping in.

OP misspelled the term groundnut by writing it graundnut and he did it 2 or more times but I was ok with that, I thought it might be a writing problem or OP might be reading it graundnut instead of groundnut, but when I read your writing groundnut I got confused and started to search if there is any term graundnut or is there any oil named as graundnut but I don't found any. So both of you please clear up that confusion that we are talking about GROUNDNUT which is also known as peanut oil.

Besides all that, I think it would be a good investment as according to the news you provided the sales are getting lower due to the demand problem but rather than selling it to the international market, we can get good demand at the local market. I don't know the demand for it in my place I don't even use it we have two types of oil here and almost everyone uses them. This oil has a lot of benefits for us, I like the idea but still DYOR before making any investments.

This business idea might be beneficial for your country but this is a global board and we have people from all over the world here. This is the first time I have heard of this product you are talking about. Do you know why? Because this is not available in my region so how i will be able to benefit from this business idea of yours? I think this business idea is based on your country so it should have been within your local board.

Just because it is not available in a country or people from that country haven't heard of it doesn't mean that they can't benefit from this business. Business runs on demand and supply. The more the demand the more you can sell to grow your business. There's always the option to export it outside a country to earn foreign money. Or maybe there's a chance that it being unique could blow up and people will buy it instead of other oils and you could benefit from it.

Then again, it is a risk that one should take in order to grow the business. It's a good idea for business because food items are always needed in order to survive. Anything related to food will do a great job becoming it successful business. But as I have mentioned the risk, that is something which is involved in any kind of investment.

If one have the ability to do take the risk and have the financial ability to start the business then this should be a good idea but if you want to stay on the safe side, then it is always a good idea to go for dry food item which can be stored for a longer period of time. Other than that, this idea doesn't feel like it won't work.

That is actually a good business idea as you focus on the demand for the product in your country, as I observed, it seems like you don't want to share it in your local board due to some people might take this idea and you would have a competition with others. In business having competitors could be beneficial for you as well, as long as you make quality and have a trademark where most people would prefer the product you make. Imagine you are the first one to make this and people would acknowledge you as the OG groundnut oil maker.

Building a business might sound easy from our plan and thinking, you would also need to consider the manpower, equipment, and the source of groundnut. Plus the fact that you need to be checked for quality control and the safeness of your business if it same to be consumed and the cleanliness of the environment and the permits. I think it would be better if you share this with your local board for your fellow citizen to have discussion as they might help you with your plan as well, cause I think its not applicable to some of the countries as they have enough supplies from the product that you are proposing, but it's actually a good business plan.

ok now i get it after reading your post. i was also confused about the graundnut he's talking about because i never heard of it. and now, it makes sense to me because high likely that he is talking about groundnut here.
what the OP can do is try this business on his own and see what will come out of it. not many people have the passion to venture on this business. but if will find success on this path, why not?
if he has the land and other resources, he can start planting it or if he doesn't have the land, he can buy cheap from the farmers and make this oil. as he said, the demand is quite great in his country. so he already has the market in case he will push thru this project.

It is a good business idea because you live in a groundnut producing country and you will not have a problem providing the raw material for oil production. But I do not understand why you titled your topic as a new business idea because the idea is being implemented by investors in your country or in any country that produces groundnut.
According to the article in the quote, this sector suffers from a lack of expertise, and therefore there is a lack of investments. This is reason enough to encourage young people to focus their specializations in this field because even if they are not able to launch a business, they will have opportunities to join an active business.

The following is an excerpt from the news:
This is just a problem of uneven allocation of groundnut supply. Now with oil demand soaring, it is possible that profitability is slowly decreasing overtime because however all the farmers there see this as an opportunity and they just have to switch to the consumer market. While you see that this trend will last longer, it is better for you to start this business immediately.

A business that sounds quite interesting and profitable. Because the demand for peanut oil is not only for cooking purposes, but it is also very much needed in the medical world. and if you look at competitors, it doesn't seem like there are too many entrepreneurs involved in this business so the opportunity to dominate the market exists.

And if you believe in this business, then immediately start this business now. Because if you just tell stories without any effort, then this business idea will just be in vain. Start now before people who are greater than you start this business. so that eventually this person will become your toughest competition in building this business.

Since we are on a crypto forum, I can recommend a variant, which was used by one agricultural company in my country (Ukraine). This is a private agroholding, which has agricultural land, and the owners of the land have decided to develop several agricultural areas.
Most likely you will need to customize the idea to suit your own specifics, but the general idea is as follows:
- The company has issued its tokens, in limited volume. The volume of tokens and initial value was calculated as Estimated value of company assets (market valuation of land value) / 1,000,000,000,000 tokens.
- The company then began selling these tokens for USDT.
- Each token is essentially an "electronic share" on which quarterly dividends are accrued and paid (in USDT).
- Accrual scheme: (Net profit received / 100%). Owners take 25%, investors get 75% of net profit, proportional to the number of tokens each token owner has.
- The token price correlates with the capitalization of the business. For example - adding 1 industrial greenhouse (it is 10*100 m, with heating, ventilation, heating,...) gives additional capitalization of about 100.000 dollars (market price of erecting and putting into operation such a greenhouse).

Most likely you will change the scheme of distribution and accrual of profit, but the model itself is quite workable and for 2 years, quarterly payments are made to token holders.

In any case - you get an inflow of investments for business development, investors get income, everyone benefits !

You can read more:
- on the project page: https://agroglorytime.io/#crowdsale
- in the topic here on bitcointalk: https://bitcointalk.org/index.php?topic=5441294.0 (google translate will help you)

I believe what you meant is groundnut oil or peanut oil? Please correct me if I'm wrong.
Well, peanut oil is 3rd or 2nd to coconut oil in terms of demands in the market here in my country, but it's not a bad business idea though. However, I'm a bit confused when you said, one can even start with little money. I went to check on how it's being manufactured and I've seen 5-6 equipments to use in extracting an oil out of the peanut, and I'm pretty sure each and every one those equipments are quite expensive.
There could be another way of extracting it which will not require to use an expensive equipment, but your market competitors are using top of the line equipments, so I guess it's hard to compete in the said industry atleast here in my country.

Your groundnut oil business idea shows how simple, demand-driven initiatives can boost one's income. I value opportunities that dont discriminate based on degree or skill level

Buying the correct production equipment is crucial. Not simply possessing equipment, but using it to fulfill strong demand. Business model must be scalable and sustainable. One must prepare for reinvestment and growth after starting with minimal money.

I advise everyone entering this business to consider ethics. More than making money, its about helping the economy and producing superior goods. The company should produce well and create local jobs. This builds heritage, not simply a corporation.

Business is always an investment, but what makes a profitable investment is how it is managed, expanded, and made dominant. Some people can start very small businesses, and before you know it, they have already started a company. Before you know it, they are preparing to retire and hand the management to someone else while they stay at home to reap the profit of their labor.

This idea is good, but one thing I can say is that, even after acquiring the equipment and machine to make the oil, how do you purify the oil and get a registration number that can enable you to sell your product in all markets? Like you said, one can start with small capital, but there aren't many people who might want to buy and consume some locally made oil that is not well purified to remove some trace of other compounds that could be harmful to their health.

We can still use rudimentary equipment to create peanut oil, but the quality will certainly not be equal to facilities using more advanced equipment. My family also makes peanut oil but only for family use, not for business, and it can be said that it is very good for health. In terms of business, it is like any other business idea, there is no bad business idea. The important thing is how we execute and our plan, whether it is profitable or not is completely up to us.

Thanks for sharing this idea. BTW, about 5 years ago I used to struggle a lot with finding business ideas because I didn't know what kind of business to start. But I made a lot of mistakes when I started a business based on someone else's recommendation, and I had no knowledge about that field at all. You might say that the business is easy, but that's from your perspective. I might not see it the same as you see or feel.

Finding a business idea can be tough, and when you discover it from someone else's perspective, it feels strange to venture into a field you know nothing about. You might see great potential in this peanut oil business, but I don't. That's why some people might not be quick to trust you. Why not do it yourself when you know the chances of success are high and keep it secret?

So, if I adopt someone else's business idea, it means I have to start from scratch and learn everything from the beginning... it's different from applying a business idea I already have, as I have a foundation to build upon, and I might just need some additional knowledge to improve the business's growth.

The quality produced with simple tools will certainly be different from the results produced with sophisticated tools, but in my opinion, if we only produce it for personal needs, of course we will do it well, even though the results are different, it will certainly be more satisfying because we can take care of it ourselves at the moment of course this processing will really satisfy us.

You are right, everyone who knows how to run their business well will of course get good results from the business they run, but if we don't understand well the business we run, it's better to learn first well so we don't get into trouble while running the business.

A seemingly simple, yet lucrative business idea. Because currently, the demand for peanuts continues to increase and so does the market price. I am quite interested in starting this business but the availability of raw materials for making peanut oil in my country is not as great as in your country (Nigeria) and if I have to rely on imports from abroad to meet the availability of raw materials it seems that this is not possible because it requires considerable costs.

Nigeria is one of the largest groundnut producing countries in the world and ranks third after China and India. So this business is very suitable to be posted and discussed in your local forum (Local Council of Nigeria). In building this business, besides you are required to have good knowledge, skills, business management, marketing and financial management, but you are also required to have products that have good quality and quantity and can also guarantee the authenticity of the peanut oil. Because at this time along with the increasing demand, many peanut oil producers behave fraudulently by mixing it with other types of oil. so this is a challenge in building this type of business, because you have to compete with competitors who behave fraudulently.

The important of people to start venturing into this business is interest people can make it as a choice to choose between which business to start provided they are comfortable with the business, there are people who doesn't like stress maybe due to the nature of the job for like lady's as I am now I may not have that chance to venture into this business because I can see it as something that may likely consume my time and energy. Lots of business are there but is just for people to bring their mind to learn and show interest to start working towards it because what you see as something that could fetch you money is not that kind of amount of money someone else could be looking at whereby may want to go for something more lucrative.

It's not a new business idea, it's just one of thousands of other business ideas and this is what many people have been doing in my country. In general, you can implement any business idea you have, the important thing is that you need to assess the demand in the area where you live. You don't need to imitate anyone's business model because the needs are different in each place. The demand for peanut oil in my country is not great, but some people still like to use it because it is healthier than some other cooking oils on the market. But the price can be a barrier for many people because it is more expensive than some other types.

The business idea you share is very profitable for those who live in areas with high demand for peanut oil. In several different countries, they don't really use peanut oil, such as in Asia, most people consume palm oil, coconut oil and there is also a lot of demand for olive oil in the market. I think this business idea will be profitable in the area where you live, but you need to expand marketing to increase the amount of profit, especially since the peanut oil market is bullish. It should be underlined that the upward trend in peanut oil prices will not last as long as currently traded. When the supply of peanuts increases or is unlimited, the price of kerosene will fall again.

You can't expect a business that is profitable in your region to be profitable for everyone around the globe as well because some things might be in demand in certain regions only and there will be no demand for it in other regions and someone starting that business will only waste their money. So, I know that your thought process was just to provide a business idea to people so that it may help someone start a business that is both profitable and doesn't require a lot of skills, but that isn't going to work for everyone.

A person who wants to start a business in their locality will need to evaluate their environment and see what products are in demand around the place where they are planning to start their business, and they should do some research about that product and do all the planning and everything and then they should think of starting it.

Any business concept that provides something that people can't live without is constantly in high demand. For example, humans require food to survive and cannot go a day without it. Thus, everything you produce or sell to them that will enable them to prepare meals for their families and themselves will be in high demand every day, which will also bring in money for you.

Thus, producing groundnut oil or any other edible product will generate money for someone looking to start their own business in the field.

Aside from producing groundnut oil, Nigeria has several other profitable businesses. For instance, red oil production, vegetable, cassava production(garri), and maize production

You are right because the demand of groundnut oil in Nigeria is very high now. Their are different types of cooking oil Nigerians use today in cooking but the two major ones are the groundnut oil and palm oil, which the groundnut oil is of higher demand than the palm oil today because of the many applications it has in cooking and catering than palm oil, so the price is relatively higher than that of the palm oil. Setting up a groundnut oil business is not an easy one unless you are dedicated and ready to break the obstacles that comes with doing a business in Nigeria.

There is ease of business there, but other factors contribute to making it unease and only the patient and dedicated one can scale through. This is a good business idea for those wanting to start something small before expanding. By bringing the topic here, you can also share in the Naija local board too since the location of the business and the place you know it is of high demand is Nigeria, you can also share there for Nigerians to know about it.

I have no idea what graundnut is but after searching, it's peanut. Is this right? If so, then there certainly a lot of things you can do with it and usually if it's not the product itself but I didn't know that you can make oil from it. Although I have seen its finish product and texture with peanut butter having that oily base, this isn't a new idea after all. But I don't think that you should say that someone don't have a skill and noneducated can do this, when you actually start to product oil from it, then you are technically skilled already.

It might be lucrative though but was expecting it was going to be something untried or basically an unpopular format one can make unique differences by revealing a form of potentials

In business, finding new ideas is not easy, and it also does not guarantee that it will be successful. In my opinion, the important thing in business is strategy, knowledge and understanding of the business field we are participating in and what we will have to face and solve. Don't run after and look for new ideas when we don't understand anything about business. That is why there are many people selling the same product but there are also many people who cannot sell the product but there are also some people who do business very smoothly.

They will get a lot of buyers by selling their same products but with different or unique marketing methods, that way they can attract more people's attention because of the different and unique marketing, if to find new things or ideas for it is not easy as you said. Not to mention the other things that must be prepared if there is a new idea for selling a product.

Even though the products they sell are the same, it doesn't matter because everyone has their own portion, but they must know how to market their products differently from others in order to attract more people to visit their shop and buy them, and there is nothing wrong with trying this. I think this is worth it for them to do and try it. Because it is impossible for them to just stand around waiting for buyers to come, if it continues like that there will be no progress. So they have to move to market their products.

The business idea you have given may be fine but I can give you a new business idea. If you are financially sound then you can start a filling station business. I have seen many people I know succeed in this business. As the price of fuel increases, people will need it and no matter how many filling stations there are in your area, you will have customers at every filling station, so if a company wants to employ you as a dealer, you can take this business.

I have this kind of business plan from long time but I don't have enough money that's why I can't start this business. I will definitely start a filling station business when I have enough money to do this business.

I just gave you this business idea considering the context of your country if you think this business can bring you profit then you can do this business.

If we try to find business ideas in specific niches, like oil, detergent, flour, etc.
This type of businesses are less likely to fail, and are easy to start with low investment.
It is important to target specific region where demand is high.

But the problem is that even though demand is high for graundnuts, people who want to start a business in this sector do not get adequate access to collectors or financing from banks. These are 2 problems faced by people when they want to start a business. Moreover, for those who are abroad and want to try exporting, it is much more difficult, apart from needing money, they need connections to collectors in their destination country and government regulations that must be met. Complicated things like this make this business not as easy as you say.

The business is excellent; I know this because, in Nigeria, when groundnut oil is extracted, we still have what is known as groundnut cake (kuli kuli). Since groundnut cake is one of the products made from groundnuts, I think you should see it sold and profit from it as well. The best businesspeople in Nigeria operate that kind of business, particularly in cities like Lagos, Ibadan, and Illorin. These cities are home to companies that used to manufacture groundnut oil, which they sold all over the nation so that people could learn about them and appreciate the type of product they produced.

This is not just a naija board thread; this is the right place for it because a lot of people will benefit from it, as well as those who have no idea but will learn about it and have the ability to launch the kind of business in their nation. Business is not limited to one nation as long as the other nations can also cultivate groundnuts. I think they can also take use of this chance to make groundnut oil, and who knows, maybe they'll have more equipment than the nation that even came up with the original concept.

The hardest part of starting a business is how to have the money to start it. Most prospective entrepreneurs, small and large, are hampered by financial problems and even if they can start with minimal capital, it will be difficult to develop their business. This is where it is important to find investors who invest their capital to develop their business.

But @OP can invest more to own this business, @OP can start it whenever he is ready. He doesn't need to wait for someone else to start it because if not, he could lose a business opportunity that might be difficult to compete with if a large company directly invests with large capital.

I made a search about it to see how much profit there actually is (in my country, India), came across this quora Answer [1] — to make 1 KG of pure groundnut oil you require 2.5-3 KGS of groundnuts (180*3= 540 Rupee cost) while groundnut oil that gets sold in market is for same price of 1 KG peanuts, so they must be adulterating it.

There is no point in opening such unethical business, and most people gonna buy what's cheap.

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[1] https://www.quora.com/How-profitable-is-groundnut-oil-mill-business

it will be less profitable to start with groundnut oil business, instead starting a edible oil business is profitable compared to groundnut oil.
here you can read this article for more knowledge (https://okcredit.in/blog/tips-to-start-cooking-oil-business/).
and there is many other options available to start a small business, read my post. (https://bitcointalk.org/index.php?topic=5473057.msg63122684#msg63122684)

Same reasoning applies to any other edible oil business. If you wanna make 100% pure, you will have to make it expensive to cover the costs or adulterate it and sell it cheap as other hundred brands.

In first scenario, there will be buyers but far less, as most people prefer cheaper option. In later, it's unethical but depends on individual.


Idk about investment, but if any business develops product that's helpful to the masses, it'll succeed. All successful businesses boil down to this only.

Have you ever sold peanut oil? Why can you be sure that it won't be more profitable than the cooking oil business? Or did you just randomly read some articles and confirmed that this idea is not very profitable? Any business model has the potential and ability to bring very high profits, and high or low profits do not completely depend on the field in which you do business. Much will depend on your abilities. Don't blame the business model when you fail or your business fails.

It's the first time to see something like that, and I think you're also quite dedicated to what you're doing. I just want to ask you: do many of your countrymen use it in your country? Also, does your government in Nigeria support the groundnut oil you are talking about? I mean, is that the factory or manufacturer?

then why don't I seem to see this often in the news, articles, and other social media platforms? Or maybe I'm the only one who doesn't know about it; am I late to this matter?

In my opinion this is only a local scale business and not all countries have the same opportunities as what happens in your country. But the positive value is that you have to take this opportunity if after analyzing the peanut oil business has good prospects in your country. Now it depends on where you want to start and whether this opportunity will be a motivation for you to continue and start or just a wish that is not implemented in reality.

In my area, businesses like this are done at home or with another name, home industry, but the nature may not be the same for peanut oil as in your country. For us, any opportunity must be taken advantage of because the current economic conditions are very difficult and many people have difficulty finding work to make money.

It is difficult to choose the right business nowadays. As the prices of all products are increasing, neither the businessmen are profiting nor the customers are able to buy any products comfortably. No matter how much the price of daily essentials increases, people must buy more or less of essentials. Various syndicates know that it is impossible to live without daily necessities, that's why they increase the prices of various products without hesitation. We can do new business ideas but I think our business style should be different considering the context of the country. A business that is more likely to be successful in your country may be less likely to be successful in the same business in my country, so that business should be done in the country where the product is in high demand. I am not planning any business right now but I will definitely plan business in future and I will try to trade the thing which will be more popular in the market at that future time.

It is a very good idea for your country if peanuts can produce oil. However, this business idea is not suitable for implementation in my country because my country produces oil from palm oil, and indeed the palm oil business has good prospects for the future in my country because apart from the fertile land, the land is also large. Many are successful in the palm oil business because this business is the most popular among entrepreneurs and ordinary farmers looking for income and the demand is also high.

Even in my country the palm oil industry is the main competitor to the sunflower oil industry, which is mostly produced in Europe.

This kind of business will only work if you are living in a country that is rich in manufacturing groundnut oil like China, India, Nigeria and Myanmar but if your country is not into it, then that kind of business will obviously not work. Your business idea is nice but the profitability is only limited to certain countries and that some countries may not actually aware that its also a good form of business.

One thing is certain with any form of investment, you need to take risk and that you also need to consider if your location is currently getting high demand on it. Otherwise, you will be wasting your money because to some other countries, this is a big business or investment already but for your own country, its just an ordinary business that is only getting minimal profits. So do your own due diligence to research first before risking your investment capital.

I'm from Nigeria, and I know that groundnut oil and palm oil are abundant in the county, so if a person wants to go into the businesses, they'll be very profitable. But i know that a crop that can grow in one region will not grow in another, so in countries that groundnut can not grow has to rely on importation to be able to process the oil. Another factor to consider is if the business will be lucrative in other countries as it is is Nigeria, because every household in Nigeria, uses palm oil and groundnut oil to cook, also industries use it them as raw materials to manufacture things like soap. In countries that have their own means of cooking oil, investors their might not be interested in the business.

All the same it's a good business opportunity especially for those of us that are from Nigeria, and neighbouring counties. I believe that the investment will be more profitable in our region.

If you have an idea about starting a business and you're doing some groundwork on it and doing a little bit more research on it, then you will find it a great choice to do the business, so go for it. Every business is started by people who cherish doing business. I couldn't have any idea how much you could gain from this business or if it was really successful in Nigeria, but I can assure you that it's a really good idea that you posted this idea on this platform. There are two benefits: people have a new idea to start a business and can clear their doubts and get some advice about it. So clear the doubts, take some advice, and go for it, fighting.

To choose a business is not that difficult; sometimes we are the ones to choose the one that will suit our capital. You also need to have a budget for everything written down. If you don't have enough money, you should definitely not go for something that is high in price, but you should make sure that what you are about to sell people will demand such things so that you won’t come and buy them and keep them in store. As a businessperson, you also need a good location to sell something. You can’t go where they are selling something that people don’t need in such an area, so in short, for me, businesses just need a good location and funds to fund the business.


Normally, you can’t sell what people don’t need where you are. As a businessman or woman, you must sell something that people will buy in the location where you found yourself and to be sure that there is high demand for your product. However, for me, I don’t think it is necessary to sell what will be useful in the future and not in the current situation. I believe that if you do business, you will be able to see what they require at the time, and then when the time comes, you will be able to switch. Although I don’t know for sure, maybe that is really what you want.

In other words, building a business is not easy if someone does not have capital and skills, this is where equipment is needed to build it and if one of the things needed is not there then it is impossible to run it. Accuracy in building a business must be based on community needs which are the main priority and if we are unable to see these needs it will be difficult to develop the business we run. It is better to prioritize businesses that meet the needs of the community because they will be easy to develop because they will always buy these necessities even though their financial condition is less stable due to inflation or recession.

Building a business requires research about the needs, location and number of consumers. When we can master this, the business we develop can develop well. Therefore, business people usually conduct a survey of the location, needs and income levels of the people around the business that we are developing before starting it. By knowing consumer needs, it will be easier for them to develop a particular business because the market will still need buyers and that is the foresight that business people need to see.

Money isn't easy to come by. It takes money to set up something and the person going into it may not have that capital to start it up. From that video I watched, I'm sure that old man didn't set that stuff up for free.

Groundnut business is time consuming. Some people may not like such a business that takes their time and away from the comfort of their beds. Have you ever considered how comfortable it's to make money by just sitting in your living/bedroom? The ease of such is more likely to scare anyone who has the ability and set skills to indulge online business going into what you're advocating.

That woman's voice was really annoying...❌

She kept shouting money money and how easy it was to make it in groundnut business. The funny thing about life is that we see and believe that the grass is greener on the other side until we cross over. Let her get involved in such a business and she will start singing a different song of how not so lucrative it's.

BTW, this is for my Nigerian brethren as this is more relatable to them, do you know that the thing called Ororo isn't in anyway from groundnut, even though the market people call it groundnut oil? Yes, that's a fact. Ororo is made from palm kernel, not groundnut.

What you said reminds me of a famous saying in business: "We should sell what customers need, not what we have." That is a saying that carries a lot of meaning and I think business people should remember this saying.

In addition to knowledge and capital to start a business, it is even more important that we clearly know the customers we are targeting and what their needs are. From there we can provide what they really need. We do not need to sell expensive, luxury items in areas where people have average incomes and vice versa...When talking about business, we have thousands of things that need to be discussed carefully before proceeding.

You're right, doing business sounds easy but when we start doing it, things will not be as we imagined.

It sounds so interesting and seems like a business that will be lucrative but I feel going into a business like this getting equipment in which the oil can be extracted from the groundnut, but if thier is an easy way which the oil can be extracted it will be good idea, I think this oil can be useful in beverages and other foods . It is very hard to see people who are into this business in a small way. Groundnut oil business will be a reasonable investment because this is a product that is needed in most of the food we eat daily.  It won't be a bad business idea.

Its good ideas with your business about graundnut oil making if you share in your local board because easily to get partner or investor want to be part in your business, another thing to make it interest or looks excited with your graundnut oil making business you can put picture or proof about process of this business working.  I don't familiar with this kinds of business because in my environment its not really popular despite more excited in your Country Nigeria, beside looking for partner or investor want to join with your business you can take loan in the bank and looks how capacity with your business will growing up in the future.

I don't think bad ideas if you submission loan in the bank and looking for lower loan interested to make your business running well without need to get trust reputation due not all people easily to get close deal in this forum although you are from the same country.

Chosing a business to start especially for the first time is one hell of a difficult task to do, chosen the wrong business can be frustrating due to how the choice you make will determine the funds you will be needing to erect such business thereafter arrives the trouble of chosing a location for it which has to do with chosing the right market for your business. What can help a businessperson chose the right type of business that he will make profit from is the location, what is lacking and in serious demand in that location is what makes a business good business. You can move same business to another location and wouldn't make  sales because it's  where that business services/products ain't needed In high demand, so location counts when chosing a business line.

If the business idea is not bad, I think it is worth trying because I personally have never tried it and have never even seen anyone implementing such a business in the past. So this needs to be tried if it looks good and can also be very profitable and I also very rarely hear that the peanut oil business can be a very good investment for all people. That's why new things like this need to be tried to see the results, whether they are really profitable, or just ordinary level profits because profits are usually born from the large number of people interested in a product, even if it is a new product.

Actually, you brought a good business, which is also a significant profit if you have adequate funds, because capital is very necessary to consider before starting any business. However, this type of graundnut oil business requires a good location where everyone will like to patronize your business center, because some people will just go and struggle for capital and start businesses, and if there aren't enough consumers in that community at the end of the day, you will lose all of your capital.

Furthermore, this form of business may also require an educated individual because there are several methods in which we must utilize our common sense, which is knowledge, to build a company without a someone help.

The other is also correct, the one that what we have, because how can you sell if you don't have any products with you? Or why will you still look for other when you already have something? The goal in business is to sell more products or services so that we can earn more.

So, I don't think it's about targeting a specific customer only. Each people are the same. They need food and other basic things. We can start here, so that we are sure that we will never ran out of customers. Indeed, business is hard. This is what other people didn't realize. They only rush on starting a business with a limited knowledge on their head. No wonder why they didn't succeed.

If they don't have skills they have to look for them by learning something that can generate a profit, otherwise they can work, even if they can't there will certainly be someone who teaches it and they must also have the nature of the desire to learn by themselves or what is called self-taught. because in my opinion the main skill if for capital can borrow first, there will be risks but if with confidence maybe it doesn't matter as long as you run it well. But I myself also do not recommend borrowing capital, I myself will work with the skills I have if there are any new things that must be learned then I will do it, and if I can or until I am proficient I can generate income and it can be saved so that one day it can be used to start the business I want.

Everything you said is right, it needs research for various things such as capital, place, and concept. Because that will determine the future, by looking at what is developing at the moment they can follow it, but there will be competition. But if they use an idea that is unique and different from others, I think it will be successful because it is different from others, whether in terms of marketing or others. Apart from that, as you said, business people usually look or survey the place to start their business, because I also think like that, we have to monitor the place for us to open a business so that we can decide in the future, because by choosing a strategic place it will also affect the business that is run.

They're mostly high in countries that don't care much about their health like the third world countries like Nigeria that'll eat anything they see because nobody cares as the economy of the nation isn't favoring the masses to provide job for them to get income that they can use to buy basic food needs for survival. I don't recommended groundnut oil because of the fatty acids (cholesterol) in the oil and it isn't a good oil to be used for cooking. Oils like olive oil are one of the best (especially from my experiences of using them to cook and have eaten food made with them). Groundnut oil business is in demand because it's cheap to make and things that are cheap aren't of the best quality. Our health is our wealth so we should always take good care of our health.

A new business idea I'll recommend is teaching your locality the importance of using oil with less or no cholesterol as they're a danger to the human body. You can then sell them good cooking oils to use and generate profits while you're helpings your people to stay healthy. Making a profit at the expense of people's health isn't a good business strategy even though it's what is becoming a normal practice in the business world. We can make a difference as change begins with us. If you didn't know about this, I hope you have gained something from this reply and you'll use it to good use. Oils high in cholesterol are harmfulness to the body like groundnut oil.

This is a good idea but will not work for worldwide market because groundnut oil is not used throughout the world, even within a country groundnut oil is used based on regions, for example in India it's used in southern part of India wherein north, west and east have there own staple and they prefer different oils like mustard oil and all. Most commonly used oil is sunflower oil as it's used throughout the world wherein organic groundnut oil is more expensive than sunflower oil but it has its own health benefits so it can be advertised and sold for health conscious customers but I the problem is the people will go for the one which is more cost effective unless they are from first world countries.

I have been to the groundnut manufacturing plants and it requires lot of efforts and proper procurement of raw materials, I would suggest you try at smaller scale but it involves a hefty machine costs, we can give a try at small scale after going through proper training not just by going through a random YouTube videos.

Just a suggestion from my end, try utilizing dry vegetable power business as wel it's not as difficult as groundnut oil but profit yield is more

Peanut oil is not more popular than sunflower oil or some other oils because it is more expensive , but that does not mean its business will be difficult. In my country, only people with a good income or rich people use this type of cooking oil, so there are still some people selling this product and they have many advantages in business. Although customers are quite picky, in return they do not face too much competition so they still bring in a decent income. Don't think that if the product is not popular, it will be difficult to do business, because a successful business requires many factors, not just the product .

Not only cooking oil business but any business field needs a market and we need to conduct a thorough survey before opening a business. OP just gives an idea, you are the one to judge whether the product is suitable for your area or not. OP doesn't live in your country, he can't know what the demand is there.

How are you so sure that this graundnut oil is in demand in a lot of countries? There should be some statistics on that to help support your claim plus, I've been watching a lot of Business Insider lately about different products that are expensive or in demand and so far I haven't seen a video about this one and I'm not even familiar with the nut so I don't know if it's a real stuff. My advice to you OP is to pitch this business idea like Shark Tank or Dragon's Den, you need proof of concept, proof that there's demand and proof that you can sell it on a city scale at the least because I assume that the manufacturing equipment isn't going to be cheap so go back to the drawing board and learn how to sell your product in the forum, other people in the forum can help you create a better post so people won't be put off by a wall of text.

Your groundnut oil business idea is great – it's accessible, requiring only equipment and not specialized skills. The high demand in your country makes it promising, and starting small before scaling up is a smart move. Your willingness to invest more shows confidence. It's a viable venture with potential for individual income and possible growth into a larger enterprise. Definitely worth exploring!

It is the key to pursuing success business and there are many people who do not know the strategies and patterns of business that is true, so that even though they have developed some businesses they still have difficulty getting success. I was born into a family of business people and my parents always teach something as we are talking about, when intending to develop a business so look at what needs are needed in that place.

Capital and knowledge are important as a condition for someone to build a business and can be ascertained if someone does not have capital, the business that is run will never happen. There are some people trying to find loans in building a business and they are really determined to run it even though there is a big risk in it. But one thing that I think they need to consider, which is to see opportunities for the business that is run and if they master it taking a loan is not a problem in my opinion.

Running a business is not easy because someone needs capital to run it, especially if they don't know how to develop it and some know how to develop but do not have capital. When they want to be combined, capital, knowledge and ability to see opportunities are three things that are needed when people run a business and without skills to see this it will be difficult for them to achieve success in business.

Those who choose to take out loans to run the businesses they build will certainly make us even more enthusiastic about running the businesses we build, because we have an obligation to be able to pay off the loans we take and this will enable the businesses we own to develop well.

Being able to take advantage of opportunities will also make it easier for us to run the business that we are going to build because if we choose the wrong type of business that we are going to build, it will certainly be very difficult to be able to develop the business that we are building and it will be even worse that the business that we are building will not be able to run smoothly good and also we experience losses from this business.

Are you joking here? How easy and cost do you think it is to start up this business? Let me do small work here for you. Starting a fuelling station can be a complex and time consuming process and in fact the process can take several months or even years depending on how buoyant you are financially. This is never an average person business especially in the country the Op is residing. Remember that fuelling station is not just ordinary business and you'll need to do some market research to determine if there's a need for a new station in the proposed area. You'll also need to create a business plan and secure financing. Then, you'll need to purchase the land, get the necessary permits and licenses, and start construction. It's a very costly and expensive business to think of as struggling person. The costs include the cost of the land, the cost of the pumps and tanks, the cost of permits and licenses, and the cost of insurance. We are talking about small scale businesses here.

Well, this also includes what the OP said, if in his country peanuts can be made into oil, then this business needs to be developed because there will definitely be a lot of demand or need. I think it's true that running a business is what is needed, such as starting a business in the field of food security and furniture and household equipment.

Of course the theory of business is easy but if you put it into practice it will be difficult but the most important thing is to try or put it into practice straight away. There is a little addition regarding the operational part. In my opinion, before we develop a business, we first need to know the business we are running. If we already know, we will definitely know the details so that when we switch to "autopilot", we can know what needs to be improved in our business (it can also be a standard and evaluation for the people we employ). That's why you need to use the remaining 20% of the time for operations.

I agree, the fuelling station business is not considered a small business and it is really not as simple as what Patrol69 said, it is more complicated and bigger than the peanut oil business as OP mentioned. Furthermore, both are not new business ideas, both fields already exist in every country and there are many people doing business. When talking about business, we should not assume that one area will be profitable and another will not. The important thing is what the demand is in the area where you want to do business, so you need to survey to know what their needs are before starting your business.

OP, you have given very nice business idea, I like your business idea. But OP this almond oil is not in demand in all countries. For example, there is no demand for groundnut oil in my country. Especially since I haven't seen almond oil yet. If I want to do groundnut oil business in my country then the cost will be high in my country, but not much profit can be made. There may also be problems in various ways, such as the oil cannot be stored for a long time, there may be problems in selling it. OP, if this business is profitable in your country then you can do this business.

I really agree with your statement, starting a business is not an easy thing, it requires thorough preparation starting from the capital we have, field surveys, what the people around you need, the right selling price according to the income of the surrounding community and most importantly competitive techniques. healthy one. everything needs to be designed well. We also need to look into the future, how the future will affect the business we start. Prepare for the situation when we lose, what should we do? No need to focus on one business field, look at other business opportunities.

It is necessary to learn a lot and understand things related to the business that we will run, because everyone basically does not want to experience losses in his business. it's no joke to open a business because all people want the business they run to grow big, including me who want to have a growing and big business. Therefore it is necessary to learn from the beginning to understand everything related to what business we want to open, for the beginning just pursue one business do not simultaneously open more than one business because if you are not experienced it will create more problems.

But if you are experienced, you can open more than one business because you are familiar with the risks and already know how to deal with the risks or problems that will come. I have also heard the saying "make your business a chair" meaning don't just have one business, because suppose one business goes bankrupt most likely it will die, but if you have another business when one business is destroyed then there is still another business to run, so consider the four legs of the chair as the businesses you have, because if it is broken one chair can still stand and not fall. the same thing with business.

Ground nut oil making in 2023 is too local, not saying it might not bring something but the world is advancing into a more safety space where people prefer to use vegetable oil than G nut oil because studies have shown that they contained high number of cholesterol and that is dangerous for your heart, it increases the rate of heart failures.

If I'm to..encourage him, it's better to go into a business that will not bring side talk and should have general acceptability from people, the one that wen people want to criticize, it should come from your performance which you can easily adjust and not healthy wise because you cannot do anything about that and you don't want to start a rethink of another business when you are finally happy of having something good.


It is even better if he can apply for grants and other entrepreneurship program to boost local business, if he comes from a good country that doesn't joke with Msme, they will support it without thinking of how to pay back on time because right now. I doubt if there is a long term interest loan that any micro banks and commercial banks want to give you without a high interest.

This is actually a good idea op, we all know how demanding groundnut oil is in the market, and even at our region, most especially seasons like this where we cook and share our food with others to demonstrate love and to keep a good friendly relationship. This period groundnut oil business experience more sales and the price also increase drastically, so  people into the business now will surely experience high profit return as scarcity hits the product, talk more of those who are producers of this product. Taking this manufacturing as an investment outside of Bitcoin could be a way e can actually achieve our DCA target when we start receiving profits.

I share this here because I now how important it is but I didn't post it in the Nigerian local board because I want other Africans to see it too
However that for the compliment, as this is the last month of the year and there will be a lot of people that will request for this groundnut oil and there will be a lot of sales.

My feeling is that you are very familiar and very clear about the psychology of workers, machinery to produce graundnut oil and the actual, long-term needs and essential sustainable use of graundnut oil. Personally, I think this is a great business idea that you can pursue, it will solve many employment problems and positive thinking so that each person can freely own their own production facilities, something that stimulates each person's hard work and working ability to create more productivity and income.

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

If sales of groundnut oil have increased and there is also a shortage in most areas in your area, this should be quite a good opportunity for those of you there or for business people who used to often sell groundnut oil. Because when an item or material such as peanut oil becomes scarce, the thing that has quite an effect on peanut oil is the price increase so that this will be a golden opportunity for business people who know how to make peanut oil.

Maybe many people already know its benefits so its sales will continue to be abundant in your area and this can also create a special incentive for business people to sell it more expensively. Because when an item has more useful properties, it will always be more sought after by everyone, both direct users and other sellers who want to make more profit from the peanut oil.

You are right, and it is a basic requirement that the land value must match the capital. Where I plant rice for just 1 ha, it requires $100 in cash. it does sound cheap and the result if you cash in all $400 is a profit at a glance and most of all complain about the high cost of fertilizer.

The business idea is great for people in countries where groundnut oil is needed for food processing; fries and stew making. Although people focus on oil with low cholesterol. As most of the groundnut oil available in the market today, consist of high cholesterol, and not preferable for consumers. High cholesterol causes different form of sickness to the body. The type I love to buy are mainly from companies, a bit expensive, but, nice health wise. Starting the business wouldn't be much problem, yet we require more visibility and audience to sell enough oil, that can fetch us good profits as OP promised. I understand, whenever we have a product needed by people, we'll definitely make wealth. The major issue is the market competition. So, even if we don't need huge capital to begin, it's necessary to have lots of capital to reach out to potential customers, could be the retailers and distributors. As these people who make up the production chain, are difficult to convince. They need to compare the already existing groundnut oil sold in their shops with the one we offer to sell. Even at a cheaper rate, it still take longer period of consistent marketing to buy the hearts of retailers and distributors.

My first thought is if you ever put up that business do you already have a target buyer? The idea is good and I would say it is in demand but this depends on the region you are located in, because there are times that there are no big buyers there and you need to transport it to other regions like in my area where I haven't heard anyone buying near my place only in those capital cities, and it's very far unless so you'll need to transport it and it cost a lot

Yes that's right. Not every business in a particular country can be applied to all countries. This is the same as in my country there is no oil processing from peanuts so there is not much demand for peanuts for oil and peanuts in my country are cheap while production costs are expensive so there is no significant profit if it is turned into a business. In my country, oil processing is mostly from palm oil, and my country is one of the second largest exporters of palm oil in the world after Malaysia.

So the peanut oil business is not suitable in my country because it is more suitable to do business in palm oil because the demand is greater and this is quite a promising business in my country if you have tens of hectares of oil palm plantations.

Your idea is great and I am no against with it. But that kind of investment only appears highly profitable to those countries who have bigger demands on groundnut oil, and I can see that in my country, that kind of investment may seem ordinary and there are already a lot of small scale investors who are into that, so I think that won't give me the profits I am looking for.

However, for some countries, that might seem profitable to invest. My suggestion is, once you have made significant profits from that investment, then try to start another investment that seems guaranteed and profitable. When you have multiple source of profits, you will not worry anymore if one of your investments will lose its trend or simply it's time is already over.

Nigerians are blessed with natural resources and very good fertile soil for agricultural purposes. These are what most countries are looking for and her wishing they have because of the business ideas they have. Groundnut oil serves many purpose and is making good sales in the market. Going into this festive period where enough meals will be prepared every home must patronize anyone into this kind of business.

The groundnut oil is now made in two ways; Industrial by well refined companies and locally. The ones made locally can be said to contain more cholesterol that can be harmful but in the aspect of the industrial company made groundnut oil It can be advisable for consumption as many improvements are going on to make it well refined for proper consumption. I believe as the world is trying to entertain safety so is the Nigerian companies to blend in and make what we consume very well refined so as not to cause damages and loss of lives

Often these things are more reliable and acceptable in those countries which do not have all the functions like you said about the oil from those peanuts. Then the users if they do this business in these countries which are in need of these oil and also in these countries the demand will also be on peak then we can see them their business would be on the front line. As in my country I didn't see this type of business yet in also rural areas although that was a good idea from your side to apply it wherever in the countries we want to start  business.

Groundnut oil is very good business idea but it may be popular in your country Nigeria and it's has huge demand, if there is a high demand for it then surely it can be profitable business for you. But in my country little demand for it and i think it will cost too much to produce this oil so it won't be successful business.

This idea is very popular as you know, oil is one of the essentials to every people, especially in their country that this is one of the most used oil and nigeria is one of the most largest country produce this product. Planning to do it as a business will surely become profitable. OP posted it here instead in their local forum shows that he wants to gatekeep this idea because it will give a hint to some nigerians to do this as their business.

I think the ideas you share are very helpful, it's just that there are people who don't want to use it as an income, perhaps due to several factors including:
1. People who are afraid of failure in undertaking a business
2. Traumatized by business events that have occurred
3. Difficult promotion to sell
and this has probably been experienced by everyone who starts a business, because independent business is full of ups and downs at the start and difficulties faced, especially for those whose mentality is not yet at the entrepreneurial level.
However, this can be minimized by making efforts to correct past mistakes and being determined to achieve results from your efforts. The point is to learn and continue learning in developing the business you are running.

Yes, there is some truth in that, even though the peanut oil content is superior, if the marketing is lacking, in my opinion it will be less effective. And you need to remember that if peanuts are only harvested once then it requires more capital and the production costs of farming are quite difficult, especially when managing the land you have to be a real expert in that field. If the harvest fails, the risk is extraordinary.

This is not a marketing problem, but we also need to look at market conditions, because there are many other alternatives, in my country palm oil and coconut oil are still relatively cheap, so the opportunity is quite small for peanut oil to become an alternative choice for the community to fulfill their needs, except that the price offered can be 50% much cheaper than ordinary oil consumed by the community.

In business governance, building it is much more difficult, especially for people who have never known it, it is relatively more ignored in the issue of consumptive products, the thing that needs to be considered for an entrepreneur is, what the community needs, and we can provide it much more and faster for the development of the market, so as not to incur large costs for marketing.

Yes we need to have time to do experiments if we want to try it and some stages I have to go through, but unfortunately at this age I don't think I have time to do business experiments like that, even though I found a video tutorial about this business, it will be much different when I start with Zero knowledge about the care and path of this new business, and capital also needs to be large after I think about it several times. anyway it's better to trade than farming. ;D

It's actually the same for the other products. If there's a lack of marketing and branding, it's not going to be recognized easily.
But in a country where there is a huge competition and it's tighter. There's a need for every step to get recognized where you are marketing that product. It's a good idea though.

I guess this is the first time I am hearing about groundnut oil business being something that could be done by the average person. I know red oil and kernel oil business is one of the most popular cooking oil businesses but I use to think that to go into the ground oil business you need to be registered with the government or something because most of the groundnut oil I do see around are mostly packaged in such a way that they appear mostly very sophisticated but I guess I need to do a bit of my personal research to know how easy it is to locally go into the groundnut oil business.

Peanuts to be made into oil may be an alternative if there is a shortage of oil but it will not be a promising business, especially in my country. Because in my opinion, to produce oil, oil palm plantations are more efficient and productive compared to peanuts as an oil producing plant. According to research, one hectare of oil palm land can produce several tonnes of palm oil each year. This amount is more than one hectare of peanut plantations producing less oil from peanuts.

Apart from that, oil palm does not require large areas of land to produce palm oil in large quantities, and of course the maintenance costs are also small compared to caring for peanuts. Indeed, the quality is good, but as you said, the risks are big.

The groundnut oil company is a profitable operation that does not need a high degree of formality. It's a fantastic chance for people who have low means but a strong entrepreneurial spirit. While some firms may use fancy packaging, entering the local market with a great product might still have an impact. It's critical to investigate local legislation and quality requirements, but the business's accessibility makes it a realistic alternative for many.

We come from the same country, sir, so for people in our country it is quite difficult, if you start a business with the development of oil from peanuts, I am has mentioned the reasons why this is not effective in our countries.

And indeed when compared to palm oil and peanut oil, it is clear that the long -term palm oil is much better and does not require excessive maintenance costs, it's just that the constraints are the area of the soil and the distance until the palm tree can bear fruit it requires a long term, while the peanuts Every time the harvest we need to plant it again and require a lot of other needs so that the planting peanuts can provide good results.

I admit that it is a very good idea to develop, but I think the sales targeting should be among the middle to upper level, and it would be more effective if the promotion was to those with high incomes, and usually they will consider the quality of food/drinks including raw materials such as OP said that the oil is made from peanuts which are superior in terms of quality.

Indeed, this idea is very interesting to do if it suits marketing targeting, and I will try to provide several ingredients in peanut oil that might be considered.
Including:
https://drlogy.com/assets/uploads/img/admin/food_editor_img/3d9563aebac4b0763a65f816597f89d1.jpeg
Source:Health Benefits & Nutrition Facts - Drlogy (https://drlogy.com/assets/uploads/img/admin/food_editor_img/3d9563aebac4b0763a65f816597f89d1.jpeg)

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Maybe this will make it easier to deliver promotions, especially to people who are aware of a healthy lifestyle, of course they will definitely consider all that, and decide to try consuming it and if it is proven to be as beneficial as what OP shared, they will splurge on peanut oil products.

Depending on who are your target market, that's on you and how you're going to execute your plans coming from the marketing and to sales.
Well, nothing is impossible if you're determined in doing these things whether you have experience or none as long as you're pursuing it and you think that you can overcome the challenges in doing this business, that's what's the important matter is.

Based on its term, I think I already saw this in my local. And take note, the people here are only average. It is actually more common to them than those who take it on the next level. You know, build a formal company and mainly use an equipment to produce it. There is already a groundnut oil business even before, and I think they are mainly use in the hair or hair products.

If you are a guy and less concerned about your hair, well you will rarely notice them. We think other types of oils are more common because they don't depend on gender. All types of business must be registered to the government. Not only they can now run at peace, it also gives a good impression to your customers.

Although oil palm is a high-yield crop, its development often deforests, affecting biodiversity and climate change. Moving on to peanuts. Though less efficient per hectare, their production is less invasive and can be integrated into crop rotations to improve soil health. Isn't sustainability important in modern agribusiness?

Peanut oil has potential, especially in specialized markets. Quality matters, as you said. If we want a sustainable and diverse agricultural sector, shouldn't we try everything, even if it's less profitable? Any business model relies on diversification to reduce risk. Shouldn't we examine the long-term environmental and economic benefits of adding peanuts to our agricultural portfolio?

Marketing and sales targets must actually be carried out evenly, although business people must also consider certain groups for this. Because buyers from the lower class also want to buy goods or food of good quality even though this is only done occasionally in their lives. This means that business people must not forget about any circles that can be used as sales targets because business will also develop more when there are more buyers from all circles for certain products.

In addition the menace of Fulani herdsman who in there usual characteristics use their cattle to feed on farms illegally is another big challenge, I read stories of deadly clashes between family and herdsmen with makes family to be very risky and government isn't helping matter, though the groundnut output from such a massive cultivation really worth it subject to a fertile land plus herbicide and fertilizer the demand for oil is increasing rapidly it is almost used by food industries, household etc I think it's a good suggestion and idea for any interested farmer to take up the idea.

OP, this is a good business idea. I think it will be of greater good you share the process or things that are involved in starting such a business. So that anyone who is interested and would love to go into this business in their respective country will know what he/she wants and hot to get those tools and materials necessary for the business.

Also, i would love to know, how can we plan for packaging in this groundnut oil business. Because i know there are lots of competition since there are companies who specialized in the mass production of groundnut oil and they are already recognized. In my country do many individuals prefers goods that are identified by the government and is registered in a government agencies. Because of that so many mini business are being affected and are forced to stop because of no reputable government association backing them.

why are you posting here, wouldn't it be easier if you posted in your own area, it's true that nowadays investors can come from far away but in my opinion things like that only apply to large companies,not an individual effort like this.

There are so many investors we could think of in the system, we have both those investors that buys everything without any persuasion and we have the stubborn investors that have to wait and thoroughly go through any of the proejces he's interested in and he makes sure he's earning quite gigantic from his own part of the deal. Talking about the top whales, their visits seems life threatening, Posting for clarification and it does seems to be spreading legit or illegitimate informations concerning the projects that's generated in the system.

There are 8 billion people in the world and 8 billion business ideas at least, probably more. It's not that it is impossible to find a business idea, everyone can find one, it's that not everyone do end up getting the same result, it should be important to notice that you are not going to end up with anything crazy. I get that it may not be all that crazy right now, but it's definitely a crazy good situation without a doubt. So all in all, I would suggest that people could look into these deals by understanding what they could do about it.

I personally try my best as much as possible, and that means we need to not look at every idea like they are great, we need to be careful with each idea that we get and maybe we could be wrong. I believe that it's going to end up being a little different and difficult, so it is not going to be all that easy. I understand it's tough to break into a new industry, and you need to learn so many things and even if you do, you will learn even more while doing it.

Very good thought.  I applaud your idea.  The idea of seed oil production is very good. I hope you can make a lot of profit from it. But I don't think you can start this business alone.  It should be initiated as a joint venture.  Look around you to see if anyone agrees with your opinion.  By producing grain oil you can earn double profit.  You can do something else with the remaining nuts. With the money you earn from here, you can invest in Bitcoin.

It's true that the new business idea that OP explained is good, however i agree about export restrictions. This can indeed be a big challenge in optimizing potential in the industry. Moreover, if peanut oil is rarely used and the local market will certainly be limited. Maybe I think this requires a strategy to look for export opportunities to international markets.

I think this is also an important thing. Where a business that is run must be marketed properly, I mean not only in the designation, but must be tried for all kalahan in order to reap more profits. If it is only intended for certain people, in my opinion, it is not good because not everyone can buy what is in business and it should be done evenly so that many people or everyone can buy it.
 
This needs to be considered well, because this can include benefits later in the business being run, and also by marketing it evenly it can bring positive things to the business being run, it is likely that it will also be a faster development.

This "business idea" for me is good but this does not work in some other countries like mine. Though still worth a try but yeah corruptions here in my place might end up the business. People here are very good at starting the business but lacks consistency in the long run. We've been offered by some of the government agencies livelihood programs but ends up no success. The government is willing to help but the people itself are not worthy for the help.

I agree with what you said; I think most countries will not have interest there. Unless they make a good strategy to give attention or interest to other countries so they can enjoy the products they have in their country,.

Right now, it seems like they will have a hard time because they still lack the materials needed for their business. Maybe they should have innovation first and be able to follow the technology that we have today.

I am not come from with the same country with OP and seems difficult to give opinion are worth with business graundnut oil making or not? you need to researching about marketing and graundnut oil more needed in your environment country? Better try to make little survey in your local board and looking for their respond how excited with graundnut oil for their daily activities. Usually in my country have business with the same ideas like OP but product is not from graundbut but also from coconut.

First needed when build up some business need to get survey and respond from citizen are interested with your product and how their respond with graundnut oil are most important needed in your country?

Starting the business using the capital was the easiest one,but the first important thing in the business is the person who start the business should know more about the business.Because many people had quit their business after the loss from the beginning of the business.Before starting the business the person should build their skills to that business.The business learning takes time,he should ready to spend the same time to build their skills.If the person want to start the textile,he should learn to fix the price for the shirt from the base price.Because many business was get into the end stage because of random fixing of the product price with less skills towards the business.

That's true, marketing is very important, you need to figure out very early on what your demographic is, like when you build a product, who buys it? And after figuring out who buys it, then you need to figure out who likes to do something about it. I get that not a lot of people would end up marketing that well, but if you can arrange that somehow then you can grow, doesn't matter what kind of investment you make or doesn't even matter what business you are in, as long as you can figure out who buys your product and market it to those people very well then you are going to get rich.

If you can do that, I agree that faster development is possible, when you make 100 products a day and sell only 20, that's terrible, but if you do marketing well enough, you can make 100 and sell all 100 and be sold out and people would wait in lines to get more.

I have been trying to find some field of activity for myself in the future to open my own business.

Every idea is always valid and can be inspiring, but I ask the OP, what would this walnut oil be and its use? What makes it, in your opinion, a good product?

Of course that has to be done at the start, before they start implementing their idea into a business of course they have to know many things related to their idea or business, because if they start a business without sufficient knowledge it will only make them lose money. because without sufficient knowledge, the business they run may not run well. So as much as possible, if they want to start a new business, they have to understand many aspects about the business, the risks, marketing, expenses, even running it, because if they have a lot of knowledge about the business, it is possible that they can reduce the percentage of losses that will occur later.

manage everything well, from income, expenses and pricing. because that's what they have to do if they want to start a business, where they have to manage everything well because a business must of course be profitable so they should manage everything as well as possible.

Yes,that's right those who open a business have to market it well and think of something they can do so that lots of people can buy their products, such as unique marketing or low prices. They can do that as long as it doesn't harm other people. They can do it, especially in marketing, of course they have to be good at speaking so they can attract the interest of many people.  by making 100 products and thinking about  how to sell 100 products in just a day, that's what they have to think about, they have to be able to sell 100 products a day to attract more people's interest, how, as I said, they can do it with a good marketing method unique, that's one of them, or by lowering the  price slightly to make it cheaper than others if their product is the same as others. because I myself have a principle it doesn't matter if the profit is a little, as long as the sales go well it's not a problem.

So in my opinion, they should be able to carry out what they started as well as possible, don't take too big a profit because that could make it difficult for their own sales.

It is best since you have taken the initiative to do a business. Because you can make this business based on the needs of the people of your country. It would be best if you build this business with a few friends based on the daily needs of people. Because affiliate programs are always evolving, you can provide more people to promote your business. And you need more people to fund your business so you should build this business together.

from the article i read that the demand for graundnut oil in your country has increased compared to other types of edible oil, but you cannot compare your country with other countries, each country may have a different demand for this graundnut oil, for example in in my country, the demand for graundnut oil is not that high, because people are more interested in consuming palm oil and graundnut oil is more expensive, so people are not interested in consuming it.

though export opportunities are wide open, because in other countries the demand for grunanut oil may be quite high, but not everyone has the ability to export it to other countries. the process is quite complicated and the capital for it is quite large. so this grapenut oil business opportunity is not very attractive.

I was hoping to get the full gist from this thread, that is, the business idea - this you stated to be production of groundnut oil.
However, I was also expecting that you will state also the requirement needed to go into the business, like you mentioned the processing machines, you should have stated the machines here, possibly take the pictures of machines and post them here, also mention places to buy or order the machines from.

And as well, guide us through the entire production process, that is, starting with the raw material and coming up with or to the finish or final product.

This is how to write a well detailed post, and I guess you would have been appreciated more if you had done it this way, rather than redirect us to a different place entirely, not every one here Iike leaving the forum in the quest of learning something new, whatever is shared out there can still be shared here, all you have to do is state the source of the information shared.

The idea is not bad, if some will starts this he will make a huge profit but this business is not as successful as we think because this business is seasonal the harvest occurs only once a year so what will he do for the rest of time? also, this business requires a piece of knowledge about the market and many other things, and you said that this business does not require any education, but without education how they can run this business? This idea is very good for those people who have some other Bussines as well but if you are recommending this to those who are new and have no other business then this will not help them a lot. I think they can go for a better option.

In building a business you have to start with a small business first so that you can get creative ideas so that in order to run a large business you can make a more focused plan, especially to build a business you must use capital which is sometimes quite a bit. Imagine if there was bankruptcy what attitude we should take and the product. what we produce must have better quality than other people's products and many people when they are successful in the business world like Indonesia they will leave government employees because if the business is successful it earns tens of times more than employees in government

The idea is good if your oil have a lot of sources right there the concern here is why don't you just share in your local it's a good idea, are you afraid that someone will dominate this kind of idea of course in your local? you already shared here so still have the chance they will see this. As long as the product or services become in demand they will surely become a big growing business and possibly succeed. Entrepreneurs find a solution to the community's needs and wants so they can bring this and serve a good product reason why they become instant millionaire because of their ideas and marketing strategy.

If you have the capabilities why not take a risk with this business you are proposing.

The main aim of everyone here is to learn new things and also share our own ideas, you can't just condemned the idea even though you are not using it in your country, and by now you will have know groundnuts oil and you see how it been produced, so now if you have been given the assignment to get them a groundnuts oil, assuming you don't have any idea on how it look like definitely you will be discouraged but since you have found a place at least getting it will be easy and also know that no knowledge is waste. And I think this ldea is for everybody not only Nigeria.

This one you are saying is everywhere people take government opportunity for granted but I think this is not from government, you can develop this skills on your own and then look for assist from government to support, if you are luck they will look into it and from there you will be growing bigger.


Making survey is the best thing to do but before that you have to take risk of producing little for samples because you can just go and convince people to buy your product with empty handed, no one will pick interest in it because they don't know how it look like, if eventually you are lucky and the response in a positive way then the sky is your limit.

It's those type of people that you need to employ, that's why all those SEO people and Marketing people are getting all that much money, the yare the difference maker. It's the same in the crypto world as well, you can create the greatest token ever seen and wonder why nobody invested, and then something like "shibapepe" end up getting 12 million dollars in funding and you wonder how they did that.

They didn't had a great token, that wasn't the trick, they had some great marketing people who managed to convince enough people to hype it. That's the power of marketing, if you can do that, I guarantee you that you can sell plates and make tens of millions of dollars, I had a friend who did 3d printing, and he sold millions of dollars worth of stuff thanks to that, not because he built anything special, he built absolutely garbage, but he did marketing very well and now he owns a large workshop for his product. It's all about marketing, nothing more, that's all that matters.

Before starting a business, what you must instill in yourself is to have a strong intention and determination to advance your business consistently. And apart from that, you also have to have a good strategy to be able to compete and you also have to have good quality goods and good marketing and affordable prices.
And most successful business people must be able to get through the first 3-5 years of struggle to start their business until it becomes big or advanced, and this must be thought about first. Especially capital, and other problems that will be faced and so on, you have to think about it and be ready to take risks not to give up.

Exactly. I have seen people come up with revolutionary products and business models only to fail so horribly because they can't back it up with proper determination and heart. The product's not gonna sell itself for a couple of years, maybe even decades let's be real here, so as the business owner you are held responsible for making sure that no matter what happens, long as you really believe in this idea of yours, you're not gonna quit it. I think OP's got the makings of a fine businessman, and if things go well he might even make it big. Don't let capital or whatever the fuck break you from this dream, cause if there's a will, there's always a way. Hoping to hear more about this amazing product idea you've put out OP.

The point is that everyone who wants to enter and compete in the business world then obviously the first thing they have to prepare and the most important thing is to have a strong mentality, good planning and good management, you will never know that there will always be competitors who are much stronger and who have more preparation than you, so of course they must have the things I mentioned and you mentioned too before finally getting involved in the business world. For the capital problem I think it is now less of a problem because obviously there are enough loan services that can provide you with capital as long as you are really very confident in the plan and the business you are going to build, but on the other hand I admit that it is better to use personal money because then you will not feel much pressure from the money you use.

True, although it looks long enough but I think it doesn't matter because it's a process to achieve success and success in running your business, there are always failures along the way but that's natural because you are undergoing a process, usually people will really fail when they are unable to withstand or face all the difficult processes in the business they build, and that is why some fail and some succeed, success is only for those who really want to struggle and try hard at all costs.

It is indeed not easy to build a business whose orientation is to seek as much profit as possible, because, as you said, every system that will be implemented should start with a small situation first to study and see the response that will occur from the business. which can be carried out, but it is also possible to carry out large amounts directly as long as the funds used are sufficient. However, with everything, there are always risks that may occur, and it will not always be successful in every first step. That's why it is wiser to use small funds so that if it goes wrong, there will be losses. If this happens, it will not make you despair, which is something that must be avoided at every step in business because it will make you not want to take another step.There are indeed many aspects that must be carefully prepared for each step of the business that will be carried out, and there is no need to be embarrassed to learn from those who have already succeeded.I agree with you that if you have studied business well, then doing other work certainly won't be too tempting, let alone working in government, which has to be bound by rules.​

To run a business, you must first understand the demand for the product you want to do business. It may be that the product you are trying to manufacture is a new product that is not in demand, but if you can give customers a good idea of your product and if it is really good quality, then you will be more likely to be profitable in that business. There will definitely be risks in business, but if you start, it is possible to get either positive or negative results. There are risks in business but once established there is a chance to be profitable for life. It will depend on the attitude of the entrepreneur. In my opinion you can start the business with a well researched. At first you won't get profit but as your business gets promoted and expanded there will definitely be opportunities to make profits.

This is what a businessman should do, they must have their own skills or they can recruit people who are good at marketing, because it can help the development of their business quickly. the business that is run must be successfully run to make a profit so that it can make us happy. the marketing that is done must be maximized so that it can generate profits and also make developments in the business that is run.

Your story is proof of good marketing, where your friend can recycle from used goods into a work of art that generates profit, also with the support of good marketing makes your friend have a workshop to produce what he does, and of course he needs other people in this case, no matter how great someone with his business must have employees who help their work.

Maybe what you mean is that before someone starts a business they must first do market research which means finding out about what products now have a high level of demand from most of the community, of course that is one of the important actions that must be taken before someone starts running their business, starting from knowing what products have great potential in public demand and after that building plans and strategies carefully and preparing capital that is able to sustain the course of the business by also preparing mentally and strong patience then I think they will be able to run it smoothly even though any difficulties are still not avoidable.

We must understand that the business world is very tight especially along with the development of increasingly modern or sophisticated times, this makes it possible for competitors to make many advantages with something more that they have and of course we don't have, and that is one of the risks that will very likely occur. Anyone will never know if they will succeed and get success from the business they run but what is certain is that if we really want to try and work hard then I think nothing is impossible.

The business is not the easy one,we should increase our skill towards that business.If the business is based on the service oriented the business can be teach by some private sector,So you should join such things and update your skills in that business.After you learned,you can start the business with the less capital.Incase you had loss the less capital means,it won’t affect your business and the financial situation.Learning needs some dollars to earn some skills.The risk was the common one in the business,if you had earned some knowledge it help you to stay away from the loss.


The business first needed the disciplined person for the successful career.Because the business need of regular money for the rotating,until you live the discipline life you can’t save the money for the business.This was reason for business man to make yearly one vacation as compared to others.

To start any business ,we can't say it will be successful in future. Business success mostly depends on luck,luck plays important role in every success.I see many people at the peak and at the ground.I see Many who invested on Russian Salid business ,but he didn't successful in this business and after in the same area, another person started the same business ,he invested a little amount of money but he is successful in my area and he is respected by a lot of people. In my opinion,luck plays vital role in every field of life.First person invested a lot but he didn't see the need and choice of people,he cannot get success but after little investment gave a unique taste to people and get became successful.

Thank you for sharing this good business idea, but in my country I doubt this business will be a big success because there is no market demand for it yet. I also still really remember what my lecturer said, the business with the best profits is the business from nature (gardening - raising livestock - farming)
btw, any business will be a big success if you are consistent in it and also work hard to grow it. Apart from that, good market demand also influences the success of the business you are building.
In my country, people are still busy looking at the palm oil business, they are willing to work hard for it even though the EU embargo on palm oil from Indonesia continues to be implemented.

Do you think someone who runs a business and its success only depends on luck? even if they do their best for their business, does it only depend on luck?
I think not, because in my opinion someone who runs a business of course they must want success, and success depends on how they manage their business, if they manage their business well, chances are they will be successful, because as far as I know success is in people who want to try and struggle and work hard, not with success in favor of those who are lucky. if success sides with those who are lucky, it will make them have the principle of "no need to work hard, because if we are lucky we will be successful", is that appropriate to sound?

I don't think so my friend, luck does not have a big role in terms of success, someone who wants to be successful of course they have to go through various processes, it's impossible for him to just stand still and because of luck he becomes successful, it's very beyond reason.

Every business development idea that we have must be seen to see the extent of its potential for success and this is more about developing promising local businesses and however, there must be a way for its development to be broader and not just limited to a small scale If you think this idea has good prospects in the long term, maybe you need to think about how to fund the business so that it develops further and it is entirely your responsibility to find capital.

I like people who have ideas for developing a business because actually developing a business will be quite fun and we can open up jobs for other people. I quite support business development efforts because the more small businesses that develop, the more people will be helped to find work and you have to work on making the business bigger.

  Agriculture impacts society in many ways, including: supporting livelihoods through food, habitat, and jobs; providing raw materials for food and other products.
Groundnut oil production business is a profitable one to startup,its health benefits and packed nutrients makes its demand high in Nigeria and Africa continent.
 Ensure that you have conducted a proper research over the business you intend to start,considering the pitfalls and hazards involved in the business sector.

Sometimes luck is the collaborator in achievement, is it not? The influence of other forces, which are frequently out of our control, cannot be denied. For example, customer preferences or market trends - are these not purely random factors? Indeed, diligent labor and wise planning are essential. Could we, however, contend that opportunity and preparedness typically come together at this point, with luck possibly tipping the scales?

Conversely, believing that luck is the only factor in success compromises the tenacity and acumen needed in the commercial world. Success, as you correctly stated, is the result of continuous progress and work. Isn't the key to long-term success one's capacity for innovation, adaptation, and learning from mistakes? While chance may create opportunities, our abilities and perseverance allow us to pass through them and succeed, don't you think?

I think everyone has different business ideas depending on the skills they have, even if there are people who have the same idea, it's even better because there will be competition between the two. There is no guarantee that no one in the area where you live is working on the same business, there is very often competition between business people that is more than you ever imagined. There needs to be competition in business because it will help consumers in terms of price and quality. You need to develop your business with additional ideas so that consumers prefer to buy goods from you because the price is affordable and the quality is good.

Even  though in business on which those common factors is something that should really be that causes for your business to succeed on which it is really that being the standard thing that someone should be followed but i do agree into those points that you would really be need up some mix of luck on which there are really instances and situations on which there's no way that it could be influenced on which it might really be that affecting in overall success rate of a particular business that you are dealing with. When making a new business then we do know on what are the steps and things to be considered. Everything should come in plan but just
like on what i have said earlier that there are factors on which it isnt something that you could be able to get a hold with.

Ex. Demand and recognition.. These things arent something that you could be able to assure with. There's no way that you could be able to determine on what are the things that would
happen ahead. This is why you should really be that snappy in terms to those times or moments on which direct adjustments is ndeed.

Not just about the skills but also the location where you are at. Like the businesses that require planting and you're also in the production of it, that's what is important with that business. The type of land you are and the climate in that area affect that type of business. That's why if you're a genius on doing business and it's all about the idea that you see the potential of it, don't mind the competition because if you truly believe of what you're doing is going to make you profit, go for it and never be bothered by these factors.

Of course, everyone cannot avoid competition, and I can agree that ignoring it should actually provide more motivation to be able to appear confident that what we do will be better than existing competitors. So the same idea will not necessarily mean that the presentation of the final result will be the same. There will always be differences in many aspects that can occur, and that will encourage us to make a different appearance.

Doing any business always has to be seen from the many issues that we are going to face, not only qualified skills and, of course, sufficient funds, but also finding a location in accordance with the environmental situation that can accept it and be able to develop in the future. All aspects must also be considered carefully. mature before the determination becomes the final result that becomes decisive.But I agree that self-motivation must be maintained so that there is a desire to perform well and provide benefits when the time comes.

Yeah, all of those aspects are essential when building this the same idea or any other ideas that you think that will help you to thrive in life. There will be a lot of tests and experiments that will be made upon doing any business and it's fine because that's all part of the process.

If that helps you out to build the business or the idea to become a business then you must just stick to it and make the most out of it for your own productivity.

Actually, you came up with a good idea of starting a business, but there is something that I think you are trying to miss because you start having an interest in joining the business when the demand for the product is high, which is good. I think you are trying to miss something, which is research based on the business itself, because if you have conducted accurate research and make sure you have known both the positive and negative sides of the business before you can even start doing business so that when the demand for the product gets low, you will understand that it self because you have conducted accurate research and you will know some strategies that will help you to increase your own demand. Knowing about business before starting it really helps a lot because you will end up regranting when ever the market demand is low.

And again, if you are trying to share the idea of the business with others, you need to provide adequate information about the business, not only the high rate of demand and equipment needed to start the business but real information like the amount you need to start investing, the time it will take to get a profit, the number of employees needed, and other various information aspects of the business. This will show that you are really interested in sharing the business idea with others.

If the demand in your country is large, there is no harm in starting this business. Because this is a good step in starting a business because we already know the market is big and there are always improvements. Starting a business must be seen from a strategic location and high consumer demand. If these two elements are met, then your choice to invest in the red bean oil making business is quite promising in the future because red beans also have other benefits, not just the oil.

Apart from having a new business and being able to make a profit, at least you have helped people in your environment to work, so that unemployment can be reduced with your business, isn't that good? So continue with your business idea, because this is a brilliant idea.

When it comes to business, we have to thoroughly discuss all aspects related to business, from capital to the place that we will make as our business place, in any business. Capital is the first thing on our minds when talking about business, capital becomes the outline only and it will be more conical about what we have to think about running the business we plan. We cannot forget any of the factors related to the business that we will run, if we forget it then most likely our business will not run smoothly.
Sometimes we always forget things that we consider small and simple, even though it also affects and greatly determines the journey of our business.

That's why I admire those businessmen who have started with little to no capital. Some might ask if it's actually possible to start with zero as capital, I'd say yes that it's really possible but you have to start somewhere to make the business bloom and you're going to make efforts, and when we say efforts, not just efforts that you're going to do but a lot of things. The grit that these businessmen did before they're experiencing the success of their lives now have come from something and even to nothing.

The business idea is fantastic and it will be lucrative.

But there are lapses in your content which does not take account into licensing by Nafdac as the body in charge of food and drug registration.

Your content did not state the start up capital and the cost of the equipment under the current exchange rate. The type of raw materials needed in producing the groundnut oil was not also stated.

Please address these issues because I am very much interested in this business.

Every businessman starts his first career as a worker in a company or other business, they are not just looking for capital to launch a personal business in the future but they want to increase their knowledge for business management and make their business in the future better than the business they have previously worked in, they must set targets for starting a new career to launch a personal business and maybe the target of working for up to 5 years is enough to collect savings to create a new business.

Many successful businessmen followed this method to start their careers as workers and they have now become businessmen with millionaire assets which are divided into several companies, so there is nothing impossible to become a successful businessman in the future if you try hard with all your efforts to make your dreams come true.

It is posible to start a busines without capital, but it will require even more effort, because we are required to do something without spending capital.
Reselers may be one example of a business without capital, but usually it will be more difficult to get customers. The price we receive from sellers may be slightly cheaper than the market price, but if we sell the same as the market price the profit we get may not be much, we must be prepared to accept profits that are not in accordance with what we do. But if we sell more expensive than the market price, of course, buyers will prefer to buy directly from the seller.

I think the business will bring good profits at the end but to get all those equipment to manufacture the groundnut oil, it will be difficult to people like us because you have to demand for the equipment from other countries that are into those equipment manufacturing before they can bring them to your country to establish the groundnut oil company. And for you to fix those equipment you need to purchase a land that will allow you to map the equipment before you can start production and, land is very expensive in my country which will make me not to go into such business.

I came to discovered that many people prefer our local red oil than groundnut oil because they are use to local food in the society based on they are the ones that produced them and they know some of the things they used to manufacture them for consumption purpose.

I agree with your idea, because starting businesses have to think about financial management, both outgoing and incoming finances, because if management is not right then everything will be chaotic, the most important thing is management, how do we organize our finances, for new business people, learn from the results. At the very least, don't dream too much about earning lots and lots of money, the important thing is that the goods we have turn around quickly even though the profits are still small, over time we increase it little by little, don't be greedy for the profits of being a reliable businessman, because there are still many The obstacle for us as business people who are just starting out, is to study the market first and then play for a long time. The most important thing is that good management will make our business good and grow.

businesses also look at the place and what factors make the goods sell, so if you see someone's business is successful it means he has predicted what will sell there, for example people will not buy ice cream in snowy/cold weather.

If someone wants to start a business, of course they have to have a good plan and also capital that they can use to build their business and they also have to be able to manage their finances while the business is running so that the business they have just built will not be able to run well. due to errors in financial management in their business.

Every new business we start, of course we have to be patient and have to go through every existing process so that the business we build can make a profit, because it is very unlikely that if we build a business we can make a profit quickly if we don't go through every existing process so that we become successful in the business that we build.

I appreciate your enthusiasm for the groundnut oil business idea, but I have some concerns. While I agree it could potentially help individuals with limited skills or education, I'm not sure it entirely eliminates the need for some resources and expertise. Remember, you mentioned needing money and equipment, which may require acquiring funding. Finding investors often involves strong communication skills, and market research demands a certain level of knowledge. Additionally, managing finances, sales, and other aspects of the business requires specific skillsets.

However, I agree that groundnut oil has potential. Since palm oil is more common in my country, thorough market research is crucial to understand its viability. Perhaps we can explore options that minimize initial investment and leverage existing skills while addressing the skill gaps through training or partnerships

Any business idea is appriciated to everyone if have the significant.
As your Idea graundnut oil making business maybe carry your positive destination. Any business rise depend on place where you live how many people are there and how much demand. From the small situation create a large position for this need a proper planing.

So many people will be hate about idea but no need to look others and should be taken initiative action for business. We must remember that if you want to be big, be small.

The price of peanuts is expensive so this is quite confusing if there is no knowledge in manufacturing the materials in order to benefit. Regarding to your thinking have no any doubt.

This is a nice business! You truly made an effort by telling others about this business so that anyone who might be interested might afford it. As you previously stated, you were meant to publish this business concept on a local board, but you want as many others to try the venture as possible so that they can gain from it as well. The groundnut oil industry is a wonderful venture that benefits all people, particularly the less educated. All they need to do is hunt for funding to get started, and since everything is handled gradually, they may even start with a little sum amount of money.

From there, it will begin to generate a small profit, which may drive him to develop a large firm where he may employ personnel. From there, he also assists those who have graduated but haven't found employment for a long.

Whatever business we are going to do, it will be adjusted to the situation and environment where we are going to do business, because the environment will always have the main influence on all elements of running the business. After that, it is clear what funds must be prepared.I agree. If you do business with basic necessities, there may not be a problem because it is a primary need, but if you trade in other things, then you have to adapt it to the environment to see if it is acceptable. If it is acceptable, then it will be successful.It is indeed not easy to carry out because all aspects must be considered carefully so as not to be disappointed.

That makes sense, because there is indeed a match that must be considered, such as opening a food business that is better opened on the edge of the city street or on a road that is really an active road every day many people pass by, not opening a food business in the middle of a quiet place because it will not generate profits even those who will buy it may not exist. Just adjust if indeed the business that is owned or run requires a dirty kitchen then it doesn't matter if you open the dirty kitchen in a quiet place and there is a place that is owned in a strategic place for marketing.

With the current time in my opinion many people are competing to open a business, I am happy to see this because with this people become excited indeed with the fact that we have to survive, yes doing business that will generate profits is one way to survive because basic needs must of course be fulfilled. But before starting a business we must be able to pay attention to related aspects, including the knowledge and skills we have. We must have good knowledge and good skills also with the business being run because it can determine the business that will be run can run well or not.

Having an environmental location that is suitable for the business we are going to run will of course be able to make the business run well and this will enable us to easily develop the business we are going to run, because if we choose the wrong type of business we are going to run then It will be very difficult to be able to develop this business and we cannot run the existing business well and before we build this type of business we must have preparation and also have to see whether the business idea that we are going to run has potential in the environment where we are going to build the business that or not.

That's the correct way to go about it for most people, especially for those who are not financially stable or have a good financial background which means that if they want to start their business, they will first need to work on building their capital that they will use to start the business and they will also need some experience that they will need to run the business, and to achieve that, they will need to work for other businesses first to earn some money and to gain some experience as well.

Once such a person has accumulated enough money and experience, they can go ahead and start their business, but it is better if they don't stop working just yet because they are not sure if their business is going to work or not, and once they see that their business is already earning them revenue, that's when they can stop working for other businesses and companies and have all their focus on their business.

The business sector should never underestimate the fact that a business is a person's key. If such an oil business can be built, then it is definitely possible to earn a lot of money from it and move forward in the future. You must invest your money in the business that will benefit you in the future. If you don't invest somewhere you will never get profit and money from it so you need to be financially sound first then start business. Understand your financial position and find the business from where you can gradually move to a higher position. Start with a small business. Of course, just as your small investment can pay big money, a small business can turn into a big factory, so you should not give up but keep moving forward, you will surely succeed.

A person needs to do their homework before they start a business, it's not as easy as saying 1 2 3. The first thing is to have a proper business plan, have the budget ready, brainstorm everything, and plan your steps one by one, among one step should be to choose the best location based on your business. The location you choose must be a location where there isn't much competition and there is enough demand for the business you are going to start so that your business runs well and you don't have a lot of hurdles in its way.

When your business starts running very well and you see that the demand is increasing over time, you can go ahead and look for other locations where you can open more branches of your business.