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Nairaland Forum / Nairaland / General / Business / Is 500k Okay For Setting Up A Phone And Accessories Shop (1495 Views)
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Is 500k Okay For Setting Up A Phone And Accessories Shop by Smartlife(m): 9:40pm On Sep 08, 2016 |
Hi business minders... I know quite well that this phone business is very profitable but looking at the dollar rate syndrome in a business, can this amount act as a start up capital for shop rent, decorations, security and phone goods. Will this amount go well in starting up this business. My target are school areas. Humble advice please. |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by 9ja4show: 8:54am On Sep 09, 2016 |
Start selling online instead 1 Like |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by Smartlife(m): 9:06am On Sep 09, 2016 |
9ja4show: I know but it's physical not good enough. I would like it on the means I start physical first, then expand it online too. Base on the amount of this capital am looking at how far I can go. |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by 9ja4show: 10:23am On Sep 09, 2016 |
Smartlife: 500k cannot even get you a shop if you live in lagos or ph and plan to have good sales; i will advice you to start with cheap phones from 20k 2 Likes |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by Smartlife(m): 10:47am On Sep 09, 2016 |
9ja4show: Remember my target are school areas in east side... Am sure a good shop of 100k can be gotten. |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by webnerd(m): 11:29pm On Sep 09, 2016 |
500k will do but is largely dependent on location & the kind of phones you will stock.i deal with pc solutions & i went the online way because of the cost of rent & products.so i just have some manageable cash & when orders come i simply supply 1 Like |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by BobUg28(m): 1:33am On Sep 10, 2016 |
Yeah, depending on where you secured a shop. 1 Like |
Re: Is 500k Okay For Setting Up A Phone And Accessories Shop by Smartlife(m): 5:11pm On Sep 10, 2016 |
webnerd: Good to hear from you. The online way is good but indeed I would like to start on the physical level, promote it around the area before going as far as launching the online platform. I just want to be sure how that amount will do for me. |
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