MMM Nigeria (www.nigeria-mmm.net) & 30% monthly interest palava explained

Updated; 29th December, 2016: The latest information/updates about MMM in Nigeria are;

  • MMM Nigeria is resuming  on/before January 14, 2017.
  • change of Guider are now available on participant’s PO. Participant can now change his/her Guider by clicking on my page and then  change Guider once he/she have the new guider’s email address.
  • MMM Call centre representative’s number is now available. Participant can now call if need be.
  • PROMO task button is now available. Participants can now promote MMM in many ways.

MMM Nigeria is taking a new dimension in 2017.  Participants are advised to disregard any information not seen on his/her PO.

About  MMM Nigeria; WHAT IS MMM?

The abbreviation MMM was believed to be coined from the names of the 3 founders of MMM Global; Sergei Mavrodi, his brother Vyacheslav Mavrodi, and Olga Melnikova.

MMM is an acronym which means Mavrodi Mondial Movement .

MMM Nigeria

MMM Nigeria is a ‘subsidiary’ of MMM Global. The Main official MMM Nigeria website is www.nigeria-mmm.net.  A fake or cloned MMM Nigeria site which is www.mmm-nigeria.net; registered by one ERNEST MBANEFO in South Africa now exist.

MMM Nigeria took full effect in Nigeria, October last year. Despite, its wide bad publicity and criticism; MMM Nigeria have continue to thrive well in Nigeria with over 600, 000 registered members.

How does MMM Nigeria work?

How MMM Nigeria worksParticipant provides Money & Participant gets Money in MMM Nigeria (Win-win)

MMM is not a bank.  MMM does not collect anybody’s money.  MMM is not an online business, HYIP, investment or MLM program. MMM Nigeria is NOT even a ponzi scheme as described in Wikipedia  and wrongly explain by the guy in Nairaland. At least, I can say that MMM Nigeria does not work on initially principle of MMM. MMM is a community where people help each other. MMM gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE. All transferred funds to another participant are your help given by your own good will to another one, absolutely gratis. All funds received on get help from another participant are the benefits of your good will. In MMM you don’t have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help — another one helps

Who provides help or pledge? PARTICIPANT!

Who then gets help with Interest? PARTICIPANT!

Does it mean that MMM does business with participant’s money to pay them interest at the end of the month? No!

Who provide the 30% monthly interest and all the bonuses received by participant/members who provide help? PARTICIPANT!!! How?

How does the 30% Monthly Interest and all Bonuses received by Participant come about?

The 30% monthly interest received by participant in MMM who had provided help comes from another participant who wants to provide help.

Still not understood, Ummm?

A simple illustration of what happens is this;

Participant A provide help of N100, 000 to Participant B, Participant B provide help of  N169,000 to Participant  C, Participant C now Provide help of N130, 000 to Participant A.

You will simply see in summary that what really happened is that Participant A has gained an interest of N30, 000.

By means of referrals and registering of new participants/members who provide help regularly; the interest of N30000 and all other bonuses is maintained. The system is sustained via this means.

This is how it works on the site: you declare the willingness to “Provide Help”; you click on provide help, after which your account will be rewarded with mavro (internal “currency”/scores of the System). Mavros will start growing from the moment of offering the contribution at the rate of 30% per month. The sum in Mavro shows how much you can get as help for yourself, so you click get help.

Let say you provided help of N10, 000; you will be rewarded in your personal office with 10, 000 mavro. And they will immediately start growing! A month later, these N10, 000 will become 13, 000 mavro. Accordingly, you will be able to get help of N13, 000.

You may not really need to wait for a month. Help can be requested at any time, but this is only after confirmation of your mavro (i.e. after you actually provided help to another participant.

Remember, the provision of help is based on trust and honest by the members. You ask for financial help when you need it, you give financial help when you are able to do it

WARNING AND RISK: This system is regulated by MMM in such a way that they will be no flaws but it belongs to the people. But, it is likely bound to collapse one day.

That is why there are these warnings on the website;

  1. “There are no guarantees and promises! Neither explicit nor implicit.
  2. There are neither investments nor business! Participants help each other, sending each other money directly and without intermediaries. That’s all! There’s nothing more.
  3. There are no securities transactions, no relationship with the professional participants of the securities market; you do not acquire any securities. (Do you need them? :-))
  4. There are no rules. In principle! The only rule is no rules. At all! Even if you follow all of the instructions, you still may “lose”. “Win” might not be paid. Without any reasons or explanations.
  5. And in general, you can lose all your money. Always remember about this and participate only with spare money. Or do not participate at all! Amen. :-))”

Are you an ordinary participant or guider in MMM Nigeria, Let’s know your experiences so far.

If you have any question or comment, you can use the comment box below.

You can also register through this site; nigeria-mmm.net, but before you register make sure you call us  on this phone number 2348099493028 or send an email to us that we can guide you through. We are committed and ready to attend to you 24/7

 

50 Successful Small Businesses in Nigeria with less capital startup

Updated; 26th December 2016. Additional successful profitable businesses to start in Nigeria 2017 and beyond are;

  • Sackets and bottle water packaging and selling business (the capital input might be a bit high)
  • Importation /Mini-importation business (seriously affected by exchange rate )
  • Product sales and distribution (the capital input might be high)
  • Mobile phone accessory business (though no longer as lucrative as in 2015)

Rome wasn’t built in a day. It takes time — sometimes years — to master a skill, craft, or habit. And while it’s good to keep perspective on your dreams, I think it’s better to remember the other side of this story”

Ask how any multi- national company or big corporation began, you will discover that they all started from nothing. Becoming successful in any small business in Nigeria is a difficult task; it requires serious dedication, hard work, having the right mindset and taking the right steps. I have earlier discussed some of the right steps you can take to begin a profitable small business in Nigeria.

Are you a Nigerian looking for small business that you can start with little or no money money.  Are you an entrepreneur searching for small business to invest on? Do you have small amount of money but you don’t have any business idea. There are lots of small business opportunities in Nigeria. Here are list of most Successful Small Business in Nigeria with little capital investment and some with no money startup.

If you are dedicated with this business, you won’t mind putting up extra hours into it and definitely you will succeed. Be passionate about your business and you succeed. Try to visit other people who are in the same business with you, share ideas with them so that you can be updated on the current trend in the business. These are secret of any successful business.

Below are Successful Small Businesses in Nigeria you can start in 2017 and beyond; I have group these businesses into sector by sector for easy comprehension.

SMALL PROFITABLE AGRICULTURAL BUSINESS-Small Agricultural businesses are the most successful small business in Nigeria that requires little capital start up. Most of the major inputs are space (land), water and the viable breeds (crops and animals). The businesses can be started as a sole-proprietor and then grown to Limited Liability Company.

Here are small lucrative Agricultural Businesses
1. Poultry farming business
2. Fishery Business (catfish and Tilapia Rearing)
3. Snail Rearing Business
4. Piggery Business
5. Dog Rearing and Breeding Business
6. Livestock feed production
7. Floral business (Growing flower )– the best floral money-makers, include:
• Cut flowers
• Everlastings
• Woody Ornamentals
• Flower bulbs
8. Maize processing Business
9. Rice Milling Business
10. Cassava processing Business
11. Palm oil Processing Business

LUCRATIVE SPECIAL BUSINESS SERVICES-The major inputs or materials for this type of business include: canopies, chairs, tables, stools, table dress cloth, big cooking utensils, and ribbons for hiring and manpower. These types of businesses are not difficult to start. It will best suit women than men but anybody can start the business.
12. Rental Service Business
13. Event Management business
14. Party Planner and Event Planner Business
15. Bakery confectioneries

Ambulance service business

SUCCESSFUL EDUCATIONAL SECTOR BUSINESS-The major inputs in these businesses are computer, manpower and space.
16. Home tutoring and Coaching Business
17. Tutorial and Lesson centre Business
18. Catering centre and Catering school business
19. Nanny Service and Day care centre
20. Self empowerment centre and Workshop centre
21. Computer and business school

COMPUTER AND TECHNOLOGY SERVICES BUSINESS-The major materials needed are computer or laptop, sets of screw drivers and testers, printing machine, phones and mobile phones, internet connection and manpower.
22. Computer repair and services Business
23. Mobile phone repairs Business
24. Mobile apps development
25. Games development
26. Graphic Designer and Printing business
27. Directory Publisher
28. Mobile money agents business

PROFITABLE SPECIAL PRODUCTION BUSINESS
29. Liquid soap production business
30. Perfume, and body ornamental production business

INTERNET BASED SERVICES BUSINESS
I have written a post on 20 Ways of Making Cash Online in Nigeria; these are all internet based Businesses and they are specified means of making money online in Nigeria. These internet based businesses may require little or no capital to start them up. You can actually make money online by those ways if you are dedicated and hardworking. There is no hard and fast rule about making money online.

In conclusion, I believe that what you have read above will be resourceful to you.
There are other lucrative and successful small businesses in Nigeria which any serious minded entrepreneur can do. All that are needed are diligent and hard work.

I wish you good luck as you set to start up any of the above successful small business in Nigeria.

N.B: I will keep this article updated yearly.