i don't even know if to post this in business section or investment or phone, but im a phone section guy so it just better to feel at home

okay wasting no time

there is a new phone brand in china, so new they have just one brand of phone and and one in works(already announced) and a third rumored phone.

the phone the currently have on sale offer great specifications for such a low price which i'm very convinced would beat competition hands down here in Nigeria. so i thought of buying their phone and reselling here in Nigeria. but i will keep the brand name and pictures to myself because of people ready to plagiarize me.

a round-up of the specs are
- 2gb ram
- 16gb rom
- android 5.1 lollipop
- fingerprint reader
- 5.5 inch 1280*720 pixels HD screen
- 2g/3g dual sim network
- 13mp rear, 5mp front camera with dual tone flash
- mediatek MT6735 64-bit Quad-core proccesor
- Li-Po 2850mAh battery

and the phone looks really really good, its sides took from iPhone 6 and galaxy s6 designs, if you know what i mean...

the phone goes for approximately N33,000 but i wish to resell it at N35,000(just 2k profit on each phone) if i should buy about 30(thirty) phones for a start, it should cost me N1,050,000 in words "one million, fifty thousand naira" and i swear im just another broke student whey no get kobo.

so now i need advice on - does it look like a good business?
. - how do i get capital? funds? money to start?
. - would you buy the phone? (for my phone section guys )
. - any other special advice you can offer

mods please help out here

Why not buy like 8 first? See maybe people would buy. My two cents tho

moubba:
Why not buy like 8 first? See maybe people would buy. My two cents tho

is 8 not too small?

runzlord:

is 8 not too small?

No. For a wise businessman.

I will advise u buy 1 first to have a first hand experience of the phone,create a review about the phone so as to avoid one chance and stimulate consumer prospect interest.
When you have successfully entice and persuade ur targeted market,orders will begin to roll in.

Goodluck.

runzlord:

is 8 not too small?

so what if you buy 30 and pple aint interested? Try 3 first sef

moubba:
so what if you buy 30 and pple aint interested? Try 3 first sef

Infact, he should buy one first. To tell you the truth, China phones are quite largely of "low" quality. If the screen doesn't break, the speaker phone will stop working etc.

The best thing to do is to buy one, make use of it for at least a month and use it quite roughly so as to know if it can last quite well here in Naija.

If it lasts for more than a month, then you can move forward and get any number you'd want to.

I won't want to recall my experience with a China phone...!!

Neduzze5:



Infact, he should buy one first. To tell you the truth, China phones are quite largely of "low" quality. If the screen doesn't break, the speaker phone will stop working etc.

The best thing to do is to buy one, make use of it for at least a month and use it quite roughly so as to know if it can last quite well here in Naija.

If it lasts for more than a month, then you can move forward and get any number you'd want to.

I won't want to recall my experience with a China phone...!!

abi jawe...but why can't he just start the importation business?

Neduzze5:



Infact, he should buy one first. To tell you the truth, China phones are quite largely of "low" quality. If the screen doesn't break, the speaker phone will stop working etc.

The best thing to do is to buy one, make use of it for at least a month and use it quite roughly so as to know if it can last quite well here in Naija.

If it lasts for more than a month, then you can move forward and get any number you'd want to.

I won't want to recall my experience with a China phone...!!

@runzlord

I know the phone you are talking about. I saw the specs and its wow! They have a 7inch tab too. If not that I bought 2 InnJoo ONE in the just concluded Jumia Megathon flash sales, I would have ordered for this phone.

However the post I quoted above is the best advice I can give you. Buy one first and use it. Your experience will ginger you to invest more money, and the advantage is that you can convince buyers based on personal experience.

With you the best.

idokojerry:
I will advise u buy 1 first to have a first hand experience of the phone,create a review about the phone so as to avoid one chance and stimulate consumer prospect interest.
When you have successfully entice and persuade ur targeted market,orders will begin to roll in.
Goodluck.

timbros:


@runzlord

I know the phone you are talking about. I saw the specs and its wow! They have a 7inch tab too. If not that I bought 2 InnJoo ONE in the just concluded Jumia Megathon flash sales, I would have ordered for this phone.

However the post I quoted above is the best advice I can give you. Buy one first and use it. Your experience will ginger you to invest more money, and the advantage is that you can convince buyers based on personal experience.

With you the best.

ive seen the phone review on top popular sites like phonearena so im very sure its quality build

runzlord:



ive seen the phone review on top popular sites like phonearena so im very sure its quality build

Don't be too sure of what you've not personally used. You may take note of other minute details some people didn't even notice. I know what I'm saying.

Dygeasy:
No. For a wise businessman.

Exactly! @OP, you can try with one or two first. In business, you don't test the depth of a river with both feet.
Importing 30pcs may likely be a great disaster! Do not put all your eggs in one basket. Why do you think most of the guys selling phones on Nairaland largely do pre-order deals? It's because they don't want to commit their cash by tying down money.

runzlord:



ive seen the phone review on top popular sites like phonearena so im very sure its quality build

Still, commiting such large amount of cash into a new phone brand is way too high a risk to take.

Forget the reviews for now. You need to consider this: Does your potential customers all know about these reviews? Will you really convince them just merely by reviews you read online?

Don't forget the power of brand name. It will be easier for you to market a new phone model of any popular brand like Samsung, LG, Infinix, InnJoo, even Tecno more than a NEW PHONE COMPANY who have just one model in the market. Naturally people will be skeptical. But when you base your conviction on PERSONAL EXPERIENCE, your success rate will be high.

Just my 2 cent.

runzlord:



ive seen the phone review on top popular sites like phonearena so im very sure its quality build

Ok. Go with like 10pcs or what your capital can obtain at the moment,then watch and observe the demand of your product.
By so doing,you are building a foundation on which your brand will grow on.

runzlord:
i don't even know if to post this in business section or investment or phone, but im a phone section guy so it just better to feel at home

okay wasting no time

there is a new phone brand in china, so new they have just one brand of phone and and one in works(already announced) and a third rumored phone.

the phone the currently have on sale offer great specifications for such a low price which i'm very convinced would beat competition hands down here in Nigeria. so i thought of buying their phone and reselling here in Nigeria. but i will keep the brand name and pictures to myself because of people ready to plagiarize me.

a round-up of the specs are
- 2gb ram
- 16gb rom
- android 5.1 lollipop
- fingerprint reader
- 5.5 inch 1280*720 pixels HD screen
- 2g/3g dual sim network
- 13mp rear, 5mp front camera with dual tone flash
- mediatek MT6735 64-bit Quad-core proccesor
- Li-Po 2850mAh battery

and the phone looks really really good, its sides took from iPhone 6 and galaxy s6 designs, if you know what i mean...

the phone goes for approximately N33,000 but i wish to resell it at N35,000(just 2k profit on each phone) if i should buy about 30(thirty) phones for a start, it should cost me N1,050,000 in words "one million, fifty thousand naira" and i swear im just another broke student whey no get kobo.

so now i need advice on - does it look like a good business?
. - how do i get capital? funds? money to start?
. - would you buy the phone? (for my phone section guys )
. - any other special advice you can offer

N2,000 on an investment of N33,000 is not business.

Think twice.

400billionman:


N2,000 on an investment of N33,000 is not business.

Think twice.

I'll gladly invest 33k and get 2k profit if there's a sure market. 2k everyday on 33k is 60k in a month. It's surely a question of demand.

400billionman:


N2,000 on an investment of N33,000 is not business.

Think twice.

what do you mean? you dont expect me to sell it 40k

idokojerry:

Ok. Go with like 10pcs or what your capital can obtain at the moment,then watch and observe the demand of your product.
By so doing,you are building a foundation on which your brand will grow on.

timbros:

Still, commiting such large amount of cash into a new phone brand is way too high a risk to take.
Forget the reviews for now. You need to consider this: Does your potential customers all know about these reviews? Will you really convince them just merely by reviews you read online?
Don't forget the power of brand name. It will be easier for you to market a new phone model of any popular brand like Samsung, LG, Infinix, InnJoo, even Tecno more than a NEW PHONE COMPANY who have just one model in the market. Naturally people will be skeptical. But when you base your conviction on PERSONAL EXPERIENCE, your success rate will be high.
Just my 2 cent.

OCTAVO:

Don't be too sure of what you've not personally used. You may take note of other minute details some people didn't even notice. I know what I'm saying.

thanks alot guys, you were of much help! very much help! now its time to go look for capital.

runzlord:

what do you mean? you dont expect me to sell it 40k

You said, New phone brand.

I want you to make money but not mistakes..

OCTAVO:

I'll gladly invest 33k and get 2k profit if there's a sure market. 2k everyday on 33k is 60k in a month. It's surely a question of demand.

This is IF you sell one daily..

Analysis on 33k. How many buyers can afford 33k for a phone ? It is obvious this might be the posters first time to venture into business and he wants to start with a new brand and product. Do you know what that means ?

1. The brand might be a market failure.

2. The phone model may have defects.

3. There are no reviews on this phone.

4. People who consult online resources before buying items may never buy this phone.

5. Poster is seeking for capital which will attract interest charges.

6. Poster is new in phone retailing business(no prior experience)

7. Business capital is huge ( Above N1m)

8. A very little percentage of phone buyers can afford 33k for one phone

Let the poster buy one and test use it first before buying 30 pieces.

runzlord:


thanks alot guys, you were of much help! very much help! now its time to go look for capital.

You're welcome Bro.

400billionman has a point. The average Nigerian phone user won't find it easy to dish out more than 30k for an unknown phone brand.

Call me greedy but I can't invest above 1m for 60k profit. That's too poor for my expectation.

400billionman:


This is IF you sell one daily..

Analysis on 33k. How many buyers can afford 33k for a phone ? It is obvious this might be the posters first time to venture into business and he wants to start with a new brand and product. Do you know what that means ?

1. The brand might be a market failure.

2. The phone model may have defects.

3. There are no reviews on this phone.

4. People who consult online resources before buying items may never buy this phone.

5. Poster is seeking for capital which will attract interest charges.

6. Poster is new in phone retailing business(no prior experience)

7. Business capital is huge ( Above N1m)

8. A very little percentage of phone buyers can afford 33k for one phone

Let the poster buy one and test use it first before buying 30 pieces.

My own point wasn't in line with the OP's business idea. Was only talking about other fast selling commodity.

60K Profit on a 1Million capital business?
Waste of Time!!!!!!

AbuMikey:
60K Profit on a 1Million capital business?

Waste of Time!!!!!!

what do you advise?

AbuMikey:
60K Profit on a 1Million capital business?

Waste of Time!!!!!!

Equivalent to charges on a monthly Overdraft..

AbuMikey:
60K Profit on a 1Million capital business?
Waste of Time!!!!!!

400billionman:


Equivalent to charges on a monthly Overdraft..

begining to get discoraged tho

mm

runzlord:
what do you advise?

Look for a more profitable venture

OCTAVO:

My own point wasn't in line with the OP's business idea. Was only talking about other fast selling commodity.

400billionman:

This is IF you sell one daily..
Analysis on 33k. How many buyers can afford 33k for a phone ? It is obvious this might be the posters first time to venture into business and he wants to start with a new brand and product. Do you know what that means ?
1. The brand might be a market failure.
2. The phone model may have defects.
3. There are no reviews on this phone.
4. People who consult online resources before buying items may never buy this phone.
5. Poster is seeking for capital which will attract interest charges.
6. Poster is new in phone retailing business(no prior experience)
7. Business capital is huge ( Above N1m)
8. A very little percentage of phone buyers can afford 33k for one phone
Let the poster buy one and test use it first before buying 30 pieces.

AbuMikey:


Look for a more profitable venture

ok. so i contacted the company directly (the name is Oukitel) and here is what they said

me: Do you deal with international distributors directly or I will have to buy at retail price online?
OUKITEL: Yes, we deal with international distributors directly.

me: If yes, do I need to meet any standards or pay for any license
OUKITEL: For overseas, we need powerful distributors, no need license. Just get more market share.

me: If I’m to buy from you directly, will I get discounts?
OUKITEL: Certainly, you will get our distribute price. It's a big discounts from online retail price.

me: do I pay for shipping or its free?
OUKITEl: for the smample, we will charge DHL fee of you. Big quantity order, we would suggest you have your own Agent in HK or Shenzhen, it's much cheaper for the cost.

ok. so we are free to say like 10k profit or 15k

make una say something nah

Good day and thanks for your mail.

We do deal with international distribution directly and we also have some requirements for the distributors.

We believed that a better understanding of your company can facilitate our communication onward.
So, please feel free to tell us more about your company first. (e.g. company background, existing partnership, distribution channel etc.)

Looking forward to hearing from you.

BEST REGARDS!
Lyla Yang
Overseas sales
Sales&Marketing Center Overseas Marketing Dept.

that was from meizu, i dont have a company yet. help! i really want to make this a reality

runzlord:
i don't even know if to post this in business section or investment or phone, but im a phone section guy so it just better to feel at home

okay wasting no time

there is a new phone brand in china, so new they have just one brand of phone and and one in works(already announced) and a third rumored phone.

the phone the currently have on sale offer great specifications for such a low price which i'm very convinced would beat competition hands down here in Nigeria. so i thought of buying their phone and reselling here in Nigeria. but i will keep the brand name and pictures to myself because of people ready to plagiarize me.

a round-up of the specs are
- 2gb ram
- 16gb rom
- android 5.1 lollipop
- fingerprint reader
- 5.5 inch 1280*720 pixels HD screen
- 2g/3g dual sim network
- 13mp rear, 5mp front camera with dual tone flash
- mediatek MT6735 64-bit Quad-core proccesor
- Li-Po 2850mAh battery

and the phone looks really really good, its sides took from iPhone 6 and galaxy s6 designs, if you know what i mean...

the phone goes for approximately N33,000 but i wish to resell it at N35,000(just 2k profit on each phone) if i should buy about 30(thirty) phones for a start, it should cost me N1,050,000 in words "one million, fifty thousand naira" and i swear im just another broke student whey no get kobo.

so now i need advice on - does it look like a good business?
. - how do i get capital? funds? money to start?
. - would you buy the phone? (for my phone section guys )
. - any other special advice you can offer

YOU CAN START IMPORTATION BUSINESS.

To be sincere with you, phones are difficult to sell mostly these newly released phones with has not gained market relevance.


There are so many things you can Import and sell immediately without wasting much time even if you want to sell on Jumia, Konga, Kaymu.

And most Importantly, where you get this products matters alot. Here is the list of Items and where to source for these items cheaply http://www.smartinternetbiz.pw/nath.htm


Whatsapp/call
08036932174
Nath, Port-Harcourt