@OP, this right here is the advice you NEED

ecomalchemistt:
1.5 wetin… e too much sef…any business wey Dey fetch you 20 - 30k daily , take am serious like your life depends on it !!!

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 !!!

2. Enter NYSC camp for that Umunna bendel, rent space , if you sabi wetin you Dey do, within 3 weeks.. e go be like say na juju you do… na where I serve be that. Set up charging point, buy 30 Powerbanks you can rent out (1k) daily… (you go collect 15k as insurance fee Incase dem run with the powerbank).. u gatts reason like street man with Orientation !… still rugged am with your POS (Moniepoint) for hand..you must have cash at all times !!!

Wo, hand Dey pain me… when you done make money come pay tithe abeg 💰

FuckingNaira:

Wahalax3 in portable voice
No throw your life savings into crypto

Read my signature

Good topic.

Bro this write up Dey burst my brain …… Dugbe is a good location even inside the nipost compound, that’s where I do buy phone accessories…. Those guys are making money daily , abeg when are you starting oooo so I can come get hint about one or two things …..

ecomalchemistt:
1.5 wetin… e too much sef…any business wey Dey fetch you 20 - 30k daily , take am serious like your life depends on it !!!

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 !!!

2. Enter NYSC camp for that Umunna bendel, rent space , if you sabi wetin you Dey do, within 3 weeks.. e go be like say na juju you do… na where I serve be that. Set up charging point, buy 30 Powerbanks you can rent out (1k) daily… (you go collect 15k as insurance fee Incase dem run with the powerbank).. u gatts reason like street man with Orientation !… still rugged am with your POS (Moniepoint) for hand..you must have cash at all times !!!

Wo, hand Dey pain me… when you done make money come pay tithe abeg 💰

Well said/typed 👏

This is a practical advice.

Use ur money to japa from this country

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 don't even have an idea of the business you want to venture into.

Kilanee:

Why pouch and glass not now pls?

because pouch are not move market at all, glass fear a bit but those two can tight capital down or not come up well

princely009:
@OP, this right here is the advice you NEED

i believe 1.5 million can, just begin with affordable phones, the likes of Infinix, Tecno and the rest, then with time you will add other brands so your customers can have varieties

jasent:

Since you supply I think will can do business. Can I have your price list?

Go to alaba and get your supply from an importer. That's the only way you make more profits. Some overtime will be supplying to you on credit if you prove yourself.

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

No. this is not true my husband is into the business. The risk factors are only on pouch, pouch business is a very bad investment, cos new phones are released everyday with new camera and shape, so if u don't sell it pouch on time, results to loses, every thing else is good to go. Chargers don't spoil, nor cords, nor mp3s nor powerbank, the price only keeps skyrocketing which is to your advantage if you have money to buy in huge quantity.

I doff my hat for you, thank you very much for sharing this valuable info. Sincerely, you're right. I know some people who run this business, it's always transform their life within few months. Once again, thank you so much for sharing beneficial business tips

ecomalchemistt:
1.5 wetin… e too much sef…any business wey Dey fetch you 20 - 30k daily , take am serious like your life depends on it !!!

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 !!!

2. Enter NYSC camp for that Umunna bendel, rent space , if you sabi wetin you Dey do, within 3 weeks.. e go be like say na juju you do… na where I serve be that. Set up charging point, buy 30 Powerbanks you can rent out (1k) daily… (you go collect 15k as insurance fee Incase dem run with the powerbank).. u gatts reason like street man with Orientation !… still rugged am with your POS (Moniepoint) for hand..you must have cash at all times !!!

Wo, hand Dey pain me… when you done make money come pay tithe abeg 💰

seanwilliam:
maybe i exaggerated with the two months , but trust me it’s a super lucrative business. When I started , I monitored it myself for the first 6 months, there was one Sunday like that I sold iPhone chargers worth 70k. My gain was 45k or there about that day .. bought the charger 4k ( 35watt) sold it 15k sold two. That same day I sold that same charger for 12k and 10k for another customers. Depends on the bargaining power of the customers.. I made 8k gain the very first day I started the business , .. I realized 300k the first month .. cos I was writing it down … along the line I added pos and charging of phone with it … u see that charging ? Bro omg money Dey there die. Especially if the area has poor power supply and you’re using solar inverter … at some point I was making 12k on charging of phones alone per day. It dropped to like 5k daily now add it to phone accessories gains and pos and data reselling lol. There were months I made over 500k profits and there were months I made 300.. but there have never been months I made less down 250k gains and never a day I made less down 10k afterward.

Bro these are the secrets no one is willing to share, dem go dey package am lol.
I have two shops now wey I employ people .. if I’m bored at home I go just go there go play.. I’m into so many things these days so I’ve not been giving it adequate monitoring like before. Na big big money I Dey find now lol



The most important is LOCATION and monitoring … with location , 25k daily profit is realistic .. I’m willing to prove anyone wrong here

Phone charging now is a bad business o, unlike before, all thanks to tinubu and subsidy removal.

You're right but what about language barrier!

People of Benin Republic speak only French language

silibaba:


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.

silibaba:


Go to alaba and get your supply from an importer. That's the only way you make more profits. Some overtime will be supplying to you on credit if you prove yourself.

How much will it take be importing them myself?

It's a good business. Listen to the first guy who told u to get a show glass if you find a busy place in a big market. From there u can get a shop and boom

jasent:
How much will it take be importing them myself?

It all depends on how you want to start.

There was a time I was buying flash drive worth 5million naira(before COVID-19). Carry it inside bag for back and cross boarder. Once I get there, I start supplying, recover my money and return back to naija.

First, get there get a kiost. Get your supplier (importers). Then sell in retail. Look out for indigenes doing same business, make them friends. Let them know you can be supplying them. If you are consistent for a year. You will be a supplier and not a retailer.

You just bring back the fun memories I had at GH those times I visited the place. Achimota, Mokola...

Kudos to you

silibaba:


Just get a good location.

Till date I still supply memory cards etc to my customers in cape coast, Accra, achimota, kasoa, university of Ghana etc, but I make more supplying to Benin republic customers.

silibaba:


It all depends on how you want to start.

There was a time I was buying flash drive worth 5million naira(before COVID-19). Carry it inside bag for back and cross boarder. Once I get there, I start supplying, recover my money and return back to naija.

First, get there get a kiost. Get your supplier (importers). Then sell in retail. Look out for indigenes doing same business, make them friends. Let them know you can be supplying them. If you are consistent for a year. You will be a supplier and not a retailer.

Thanks for you detailed explanation. I was actually talking about importing from china . Can 12 to 15M be Enough to start?

jasent:

Thanks for you detailed explanation. I was actually talking about importing from china . Can 12 to 15M be Enough to start?

Don't import yourself.

Go to alaba and buy(wetin you no know pass you). Learn the basics. Even if you have N120m but have little or no knowledge about products or processes, you might regret it.(some of them don't even buy dollar from aboki or banks) they have there link outside countries. That's why I said you must understand how the big dogs does theirs.

If you import, it might still be expensive for you to sell. Most of these ibo guys can import 4 40feets of containers and na only flashdrive dey inside. You can win them until you roll with them for sometime.

Learn from those who have been importing for over a decade. At some point, they will surely link you up.

Even if you have all the money, start small and grow. You can't just to becoming an importer when you have not sell at retail level(pay your dues).

All these businesses you see is like going to school to learn a course for 4-5years. It takes time to blend and understand them.

I would have recommended you to some big boys at alaba, but I want to stay neutral.

silibaba:


Don't import yourself.

Go to alaba and buy(wetin you no know pass you). Learn the basics. Even if you have N120m but have little or no knowledge about products or processes, you might regret it.(some of them don't even buy dollar from aboki or banks) they have there link outside countries. That's why I said you must understand how the big dogs does theirs.

If you import, it might still be expensive for you to sell. Most of these ibo guys can import 4 40feets of containers and na only flashdrive dey inside. You can win them until you roll with them for sometime.

Learn from those who have been importing for over a decade. At some point, they will surely link you up.

Even if you have all the money, start small and grow. You can't just to becoming an importer when you have not sell at retail level(pay your dues).

All these businesses you see is like going to school to learn a course for 4-5years. It takes time to blend and understand them.

I would have recommended you to some big boys at alaba, but I want to stay neutral.

God bless you boss. I love people like you with open heart. You explained everything to my understanding as if I paid you for it. Once again God bless you. I will try visit Alibaba market next week. Thanks once again

gucci20:


Yeah! It can if you already have a shop, then look for the cheapest market that sells original accessories. Or you venture into Tomato production. Bcoz, that tomato pays like cocaine.

I don't get you bro. Is it farming or processing of tomatoes?

post=128961274:


We Cover Everything In Nigeria Via Naija'Cover

Just Visit Our Website And See Our Number.

You mean you do other things? I thought you were only into Bad news business.

PROPEACE:

You mean you do other things? I thought you were only into Bad news business.

Na Where, Oga Dey Work, Na There Him Dey See Him Own Food Take Chop, My Brother.

post=128981815:


Na Where, Oga Dey Work, Na There Him Dey See Him Own Food Take Chop, My Brother.

jasent:

God bless you boss. I love people like you with open heart. You explained everything to my understanding as if I paid you for it. Once again God bless you. I will try visit Alibaba market next week. Thanks once again

Most welcome.

PulaPower:

Where you at?

port Harcourt

Good biz

Abrahamm:
because pouch are not move market at all, glass fear a bit but those two can tight capital down or not come up well

Okay I grabbed.

Bro this write up Dey burst my brain …… Dugbe is a good location even inside the nipost compound, that’s where I do buy phone accessories…. Those guys are making money daily , abeg when are you starting oooo so I can come get hint about one or two things …..

Britishcoins:

Bro everything you said is pure truth, I stay with someone who is into the business at Dugbe Ibadan just Opp cocoa house, men, those guys are making profits... This tread is for me, I have a good location plus capital and connections and I was busy wasting those precious years in boutique business... But not too late... I am starting by May with 4m but I need to marry first, those sales boys can wreck someone.

seanwilliam:
before I started the business, I Dey do big boy , me wey no dey comot for house, when I begin go shop, I go Dey shy based on say I dey do fresh boy after a month and I saw what’s coming from there , baba I change techniques, I familiarized myself with people around , now dem dey use my shop as bustop name funnily enough at first I wanted to go into boutique or drinks cos na posh business , but I just table the matter for one area friend wey dey run the biz, naso e put me through …bro my only regrets is not starting earlier..



I’m just praying to pick up Wella for this bull run , I one become phone accessories importer in large scale ..

My crypto man, u don reach here ?