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Nairaland Forum / Nairaland / General / Business / Okada Or POS Business, Which One Is Better? (1940 Views)
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 7:48pm On Jul 11, 2023 |
Please I need more suggestions |
Re: Okada Or POS Business, Which One Is Better? by Selfless1: 9:43pm On Jul 12, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 11:30pm On Jul 16, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 9:17pm On Jul 17, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 2:27pm On Jul 23, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 9:25pm On Jul 23, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by eastgates1: 4:40am On Jul 24, 2023 |
If you have that much money rent ground and sell building blocks the money you will make monthly will amaze you and that without stress of okada or pos. |
Re: Okada Or POS Business, Which One Is Better? by Selfless1: 9:02pm On Jul 24, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Investmentwaka: 6:47am On Jul 25, 2023 |
helIo, although you didnt give enough specific information about your own particular condition, i can still provide you with some considerations to help you make an informed decision. Ultimately, the "best" business to do in Nigeria depends on various factors, including your interests, skills, location, market demand, and available capital. Both the POS (Point of Sale) and bike business (okada) have their advantages and challenges. Let's explore each one: 1. POS (Point of Sale) Business: Advantages: - Growing demand for cashless transactions in Nigeria. - Potential for steady income through transaction commissions. - Contributes to financial inclusion and promotes electronic payments. Challenges: - Initial setup and equipment costs. - Competition from other POS operators and financial institutions. - Dependency on stable internet connectivity and power supply. 2. Bike Business (Okada): Advantages: - High demand for transportation services in urban and rural areas. - Can be a source of immediate income with relatively low startup costs. - Flexibility in working hours and potential to expand into delivery services. Challenges: - Safety concerns and possible regulatory restrictions in certain areas. - Dependent on fuel prices and ongoing maintenance costs. - Market saturation in some locations may lead to intense competition. When deciding between these businesses, consider the following steps: 1. Market Research: Analyze the demand for both services in your target area. Consider factors like population density, competition, and consumer preferences. 2. Skills and Interests: Assess your own skills, experience, and interests. Determine which business aligns better with your capabilities and passion. 3. Resources: Evaluate your available capital, as different businesses have varying startup and operational costs. 4. Regulation: Investigate the local regulations and requirements for operating both businesses, as some regions might have specific restrictions. 5. Risk Tolerance: Consider the risks associated with each business, such as safety concerns, market fluctuations, and regulatory changes. 6. Long-Term Viability: Assess the potential for growth and sustainability of each business over the long run. Ultimately, the "best" business for you in Nigeria will depend on a careful analysis of these factors. Whichever option you choose, it's crucial to have a well-thought-out business plan, focus on quality service, and adapt to the dynamic business environment in Nigeria. Additionally, seeking advice from local entrepreneurs and professionals can be valuable in making your decision. |
Re: Okada Or POS Business, Which One Is Better? by richie10k: 7:33am On Jul 25, 2023 |
coputa:Nigeria as a country has already diminished it's citizens' confidence and self worth bro |
Re: Okada Or POS Business, Which One Is Better? by Alberttahir: 7:42am On Jul 25, 2023 |
If you have access to nearby farm land, invest that money in farming (crop production) and continue your teaching job. |
Re: Okada Or POS Business, Which One Is Better? by coputa(m): 8:01am On Jul 25, 2023 |
richie10k:I agree it's not easy,no job and business opportunities but one can still try to chat a new course for himself, instead of sliding down the gallows the country created. |
Re: Okada Or POS Business, Which One Is Better? by Selfless1: 10:54pm On Aug 03, 2023 |
Investmentwaka: Thanks |
Re: Okada Or POS Business, Which One Is Better? by Selfless1: 12:26pm On Aug 04, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 4:41pm On Aug 05, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by iwillnevergiveup: 5:35pm On Aug 05, 2023 |
To me POS business is the better option for you. You have more room for development than okada riding. |
Re: Okada Or POS Business, Which One Is Better? by iwillnevergiveup: 5:41pm On Aug 05, 2023 |
Investmentwaka: Great insight and wonderful input sir |
Re: Okada Or POS Business, Which One Is Better? by Selfless1: 5:38pm On Aug 09, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Selfless1: 10:55am On Aug 17, 2023 |
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Re: Okada Or POS Business, Which One Is Better? by Tijani009: 4:53pm On Dec 10, 2023 |
sonssyo:How much will the 200k make per day for pos business |
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