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Can 1.5 Million start up a phone accessories business - Business (2) - Nairaland

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Re: Can 1.5 Million start up a phone accessories business by tunjijones(m): 4:52pm On Mar 16
Yes
Re: Can 1.5 Million start up a phone accessories business by PulaPower: 4:53pm On Mar 16
Moyinoluwa35:
Please nairalander, I have a secondary school class mate , we where very close then but after school we part way, alone the line, last week I met him at a park, we exchange number, only for the guy to tell me how life have messed him up and he is married with a child, I wish it was before this airforce short service form is online, but it's close and I can't help Cos most of my life and time I spend in the military, please if you have any link to any state government work in the west state, please I need any link I will pay pls
Where you at?

1 Like

Re: Can 1.5 Million start up a phone accessories business by Fxwarrior: 4:57pm On Mar 16
ecomalchemistt:
Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc)

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!

Remove itel and oraimo from your list.
Re: Can 1.5 Million start up a phone accessories business by Successdude(m): 4:57pm On Mar 16
raphemmanuel:
My good people of nairaland good morning to you all. Hope you have a wonderful night rest.

After so much pondering and fear of starting a business due to fear of the business collapsing because of our current economy crisis since early last year, I have decide to venture into phone accessories business.

The reason why I always resort to nairaland each time I want to take some certain decisions is because there are people with like-mind and are willing to give out tangible advise.

I have a budget of 1.5 million naira to start the business (shop rent and shop beautification included on the amount).

Please my good people, is it still advisable to venture into this business without regret, is the business viable?
What particular phone accessories device has much demand.

My location is Aba, Abia state. Any location or place I can buy this accessories in bulk at cheaper price.
You can buy in bulk from Lagos.
However I'm'm in Abia. I can supply you too.

1 Like

Re: Can 1.5 Million start up a phone accessories business by Sirseedorf(m): 5:00pm On Mar 16
Please can i start the phone accessories with 150,000 or 200,000, with shop excluded.





My location is nearer to Alaba market, should it be wholesale or retail?
Your advice please..

1 Like

Re: Can 1.5 Million start up a phone accessories business by sheflat: 5:01pm On Mar 16
Yes, your budget will start, Alaba international or computer village in ikeja
raphemmanuel:
My good people of nairaland good morning to you all. Hope you have a wonderful night rest.

After so much pondering and fear of starting a business due to fear of the business collapsing because of our current economy crisis since early last year, I have decide to venture into phone accessories business.

The reason why I always resort to nairaland each time I want to take some certain decisions is because there are people with like-mind and are willing to give out tangible advise.

I have a budget of 1.5 million naira to start the business (shop rent and shop beautification included on the amount).

Please my good people, is it still advisable to venture into this business without regret, is the business viable?
What particular phone accessories device has much demand.

My location is Aba, Abia state. Any location or place I can buy this accessories in bulk at cheaper price.

1 Like

Re: Can 1.5 Million start up a phone accessories business by Mozegee: 5:05pm On Mar 16
ecomalchemistt:
Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc) You are such a good mind. Keep it up

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!
Re: Can 1.5 Million start up a phone accessories business by id4sho(m): 5:08pm On Mar 16
Moyinoluwa35:
Please nairalander, I have a secondary school class mate , we where very close then but after school we part way, alone the line, last week I met him at a park, we exchange number, only for the guy to tell me how life have messed him up and he is married with a child, I wish it was before this airforce short service form is online, but it's close and I can't help Cos most of my life and time I spend in the military, please if you have any link to any state government work in the west state, please I need any link I will pay pls
Job scam is rampant

2 Likes

Re: Can 1.5 Million start up a phone accessories business by Abrahamm(m): 5:08pm On Mar 16
It's lucrative business, if your shop not in market square, make sure your shop located at the busy road close to school, offices, motor pack and ensure such business are not close to your location,
If you're planning to add phone's charging to it I will advise you to start with good generator later you make switch to solar
For items you can go with complete chargers, cables, earpod, ear piece, JBL, batteries, Mp3 bluetooth
Pouch, glass not advice for now

1 Like

Re: Can 1.5 Million start up a phone accessories business by eedimo(m): 5:08pm On Mar 16
ecomalchemistt:
Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc)

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!
All this for free
You should become a business consultant. You will certainly do well.

11 Likes 3 Shares

Re: Can 1.5 Million start up a phone accessories business by porthouse7(f): 5:09pm On Mar 16
Yes… with used phones
Re: Can 1.5 Million start up a phone accessories business by Iceberg3: 5:16pm On Mar 16
ecomalchemistt:
Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc)

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!

5 Likes 3 Shares

Re: Can 1.5 Million start up a phone accessories business by Treasure17(m): 5:23pm On Mar 16
This business will require you learning from someone cause the risk and disadvantages involved are preponderance cause how do you deal with fake products.

3 Likes

Re: Can 1.5 Million start up a phone accessories business by mayorkent(m): 5:26pm On Mar 16
Find a good location, and don't use all the funds you have immediately... start with like 35 - 40% and add systematically when you see improvements ... also note that there's a gestation period for every business .... get a mentor that would tell you the truth ..
Re: Can 1.5 Million start up a phone accessories business by silibaba: 5:32pm On Mar 16
jasent:

How do one start in Benin republic please? I'm in interested in this

Get your supplier (importer that will sell to you at wholesale price)at alaba first.

Go to benin republic get a kiost and start making money in CFA which is better off than naira till TINUBU will leave office.

Am not joking. You will make it faster in Benin republic than in Nigeria.

5 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by Mirasteel: 5:33pm On Mar 16
Yes you can start small.
Re: Can 1.5 Million start up a phone accessories business by Newyorkitis(m): 5:43pm On Mar 16
Fxwarrior:


Remove itel and oraimo from your list.

Brotherly, Itel yes.
Oraimo, no.

Believe you me, you might have had a bad experience with the oraimo product you purchased, but word on the street is Oraimo is King!

The shop owner should watch out for fake Oraimo products and he/she will be fine.
Re: Can 1.5 Million start up a phone accessories business by chidiokay: 5:44pm On Mar 16
Bullfallo:
Small scale. There is risk factor with the business which means if you don’t sell fast the goods will be outdated and result to loses.

E.g new phones and accessories comes out every day. The dynamic keep charging. If you buy bulk and clear it fast dont buy that same again. Buy the latest. If you didn’t finish the old bulk that means loses



New phones come out everyday agreed ! even new accessories come out everyday but accessories are not easily outdated ... despite technology advancement Memory, type A cord and plug in ear piece are still up with time

when it comes to accessories & charger people just want what will serve them, not tew much attachment or taste .. just have known brands

3 Likes

Re: Can 1.5 Million start up a phone accessories business by emeraldlife: 5:44pm On Mar 16
ecomalchemistt:
Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc)

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!


Thank you for this piece.

3 Likes 2 Shares

Re: Can 1.5 Million start up a phone accessories business by Drone95(m): 5:48pm On Mar 16
A very good business, my uncle started with 50k back then, buying from lagos and retailing around a busy border area
Re: Can 1.5 Million start up a phone accessories business by Bullfallo(m): 5:53pm On Mar 16
chidiokay:




New phones come out everyday agreed ! even new accessories come out everyday but accessories are not easily outdated ... despite technology advancement Memory, type A cord and plug in ear piece are still up with time

when it comes to accessories & charger people just want what will serve them, not tew much attachment or taste .. just have known brands
who is talking about phone charger? Charger is not a market because it doesn’t sell.

Screen guide, phone case, earpods are the major market. Buy outdated earpod, mp3, phone case come back and talk to me
Re: Can 1.5 Million start up a phone accessories business by PropertyBuying(f): 5:53pm On Mar 16
It's a good business.
Re: Can 1.5 Million start up a phone accessories business by jubrilELsudan: 5:57pm On Mar 16
Moyinoluwa35:
Please nairalander, I have a secondary school class mate , we where very close then but after school we part way, alone the line, last week I met him at a park, we exchange number, only for the guy to tell me how life have messed him up and he is married with a child, I wish it was before this airforce short service form is online, but it's close and I can't help Cos most of my life and time I spend in the military, please if you have any link to any state government work in the west state, please I need any link I will pay pls

HI SWEETIE YOU BEAUTIFUL AND I WISH TO BE YOUR FRIEND

Re: Can 1.5 Million start up a phone accessories business by TRIXIA: 5:58pm On Mar 16
edungene7:
Do yr visibility studies very well Phone is now a necessity so it is fast lane just be sure you are sited in a place that is easily accessible like a bus 🛑

feasibility
Re: Can 1.5 Million start up a phone accessories business by Newyorkitis(m): 6:00pm On Mar 16
raphemmanuel:
My good people of nairaland good morning to you all. Hope you have a wonderful night rest.

After so much pondering and fear of starting a business due to fear of the business collapsing because of our current economy crisis since early last year, I have decide to venture into phone accessories business.

The reason why I always resort to nairaland each time I want to take some certain decisions is because there are people with like-mind and are willing to give out tangible advise.

I have a budget of 1.5 million naira to start the business (shop rent and shop beautification included on the amount)
Please my good people, is it still advisable to venture into this business without regret, is the business viable?
What particular phone accessories device has much demand.

My location is Aba, Abia state. Any location or place I can buy this accessories in bulk at cheaper price.


It should be enough. Part of what you need to do is to check what the people around you prefer. For instance, some people would prefer flashy products which most times does not last long compared to products that are not flashy. (This applies to chargers most especially) for example there's this Amazon charger called 360 because it rotates round and people like it due to this feature. This particular charger is very fast but not rugged. Which means power surge can just take it out and the person will say you sold a fake charger to him/her
So you should put more effort to know the difference.


Just try to engage your customers more and they'll be happy to come back and even if there's any issue at the long run, it'll be on record that you told them. I'm writing this because some customers will come without having any knowledge of what they need and they see you as the expert.

Another method to know this things is that you MUST use it!
Imagine if I come to buy a blue tooth and I ask you how many meters can it connect and you say you don't have an idea.

In addition, don't buy fake memory cards.
Buy stuff like Chupez memory cards because it is compatible with many phones.

New age is arguably the best when it comes to desktop chargers. They are the 2nd or 3rd for chargers and cords (my experience)

Try and do your market survey as well. This will help you to know how much the items in your shop are sold for in that neighborhood.
You can reduce the price with #50-#100 naira depending on the price.

1 Like 1 Share

Re: Can 1.5 Million start up a phone accessories business by VeryGoodBadtGuy(m): 6:00pm On Mar 16
OP if you need where to buy I can link you up.
Best sites to buy is Temu, SHEIN. And if you want to brand it to have your brand name then Alibaba is your best.
Re: Can 1.5 Million start up a phone accessories business by evanvick: 6:03pm On Mar 16
I am a phone repairer , the problem with that business is the return of products that are mostly fake. Inshort that business is a wahala business. Most of the accessories shipped into Nigeria are fake. Concentrate on selling infinix, itel, and tecno battery directing from their offices. You can add power banks and Bluetooth speakers. Once your customers knows you better, you won't regret it.

3 Likes

Re: Can 1.5 Million start up a phone accessories business by Evans41: 6:06pm On Mar 16
It is my business. Come to 30 St. Mecheals Road ABA or whatsapp the number 07035685641
Re: Can 1.5 Million start up a phone accessories business by NaijaCover(m): 6:07pm On Mar 16
Make A Try
Re: Can 1.5 Million start up a phone accessories business by do4luv14(m): 6:12pm On Mar 16
raphemmanuel:
I have not started.
Please do you have any information you can share with me.


That money is even too much sef, me am planning to start with 50k, no need for rush,

Sit down and plan well, as someone said combine with with recharge and POS,

secret tip, look for Solar chargers and power banks too, then you are good to go
Re: Can 1.5 Million start up a phone accessories business by tuzle(m): 6:12pm On Mar 16
Surprisingly I just thought of doing this business today and someone in first page gave u the same idea I thought of. The charging and the pos plus selling phone accessories. I swear u will surely see ur profit and that amount u mentioned is enough to at least start it and stock ur shop if u are going to be renting a place.
Re: Can 1.5 Million start up a phone accessories business by hopexter(m): 6:19pm On Mar 16
raphemmanuel:

I need suggestions on this please

Use the 1.5million to upgrade yourself on cybersecurity courses or software testing course or programming and leave that dirty business that will keep you in sun all day.

1 Like

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