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.

Start selling online instead

9ja4show:
Start selling online instead

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.

Smartlife:


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.

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

9ja4show:


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

Remember my target are school areas in east side... Am sure a good shop of 100k can be gotten.

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

webnerd:
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

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.