Sequel to my last thread, I want to give special thanks to enudapan, endsarrs, and Yusufisraelj for the great advice.

So now I have decided to start a point of sale (P.O.S) business in my area.

I need some advice about this business, like,

1. Is it lucrative?

2. What would it cost to start one?

3. What are the necessary measures I need to put in place before starting?

I need your advice, thanks in advance to y'all.

It is lucrative, and also depend on good location where people can access your service.
You can start with 200k or more it all depends on the withdrawal rates in your location.
You need just a space that can accommodate 2 to 3 people.

Go to business section

I am currently doing the business'
It's great, and it's lucrative, but your location matters a lot, the business has certain times you can cash out big, currently the business isn't moving as it used to do, but during the yuletide and new year season, it was boom. You need up to 250k in your bank account and 250k physical cash, this depends on how you want to start, but to cash out big and attend to all customers, have a total of 500k, the more you work, the more money you'll get.
In a very good location, you will make a minimum of 5k daily, my boss do make up to 30k daily. But as a starter, you will make 5k daily. I base in Akwa Ibom state.

Elistho:
I am currently doing the business'
It's great, and it's lucrative, but your location matters a lot, the business has certain times you can cash out big, currently the business isn't moving as it used to do, but during the yuletide and new year season, it was boom. You need up to 250k in your bank account and 250k physical cash, this depends on how you want to start, but to cash out big and attend to all customers, have a total of 500k, the more you work, the more money you'll get.
In a very good location, you will make a minimum of 5k daily, my boss do make up to 30k daily. But as a starter, you will make 5k daily. I base in Akwa Ibom state.

Thanks baba

proff010:
It is lucrative, and also depend on good location where people can access your service.
You can start with 200k or more it all depends on the withdrawal rates in your location.
You need just a space that can accommodate 2 to 3 people.

Thank you baba

Nah eh! No qualms
This is so sophisticated

It's lucrative son,
Doesn't require much to start (Although you will have capital b4 Bank can grant you the offer)
And the bank you are handling there P.O.S will also cover you with insurance, incase if any damage happens (although the insurance is 50/50).
When running your p.o.s stuff, always think of safety and security first, cos it's a kinda risky job
Always go cashless when going home, make sure your shop is heavily secured when going home, all this things to avoid arm robbery and theft which are the common, great challenges people face in p.os
And lastly always shine your eyes make them no dupe you, give you fake mulla e.t.c (, don't accept transfer especially from someone you don't know) any transaction outside the use of ATM should be null and void

Damnnn niggarrrr
Put security measures in place to ensure your safety

Enudapan:
Nah eh! No qualms
This is so sophisticated

It's lucrative son,
Doesn't require much to start (Although you will have capital b4 Bank can grant you the offer)
And the bank you are handling there P.O.S will also cover you with insurance, incase if any damage happens (although the insurance is 50/50).
When running your p.o.s stuff, always think of safety and security first, cos it's a kinda risky job
Always go cashless when going home, make sure your shop is heavily secured when going home, all this things to avoid arm robbery and theft which are the common, great challenges people face in p.os
And lastly always shine your eyes make them no dupe you, give you fake mulla e.t.c (, don't accept transfer especially from someone you don't know) any transaction outside the use of ATM should be null and void

Thank you boss, I appreciate your help, but what's the minimum amount one can start up with?

Emmadoc:
Sequel to my last thread, I want to give special thanks to enudapan, endsarrs, and Yusufisraelj for the great advice.

So now I have decided to start a point of sale (P.O.S) business in my area.

I need some advice about this business, like,

1. Is it lucrative?

2. What would it cost to start one?

3. What are the necessary measures I need to put in place before starting?

I need your advice, thanks in advance to y'all.

Yea Emmy


Just to contribute to other depositions

POS is a good business to do, its safe investment and capital requirements depends on your pocket.

Location is key, heavy traffic places is best.

Your handlers: Banks or Opay service must always be available and ensure excellent services

You should be able to start with 200K excluding shop, table, chairs, counter, secure box and PHCN bills among other things.

I have not ventured into it, but had a business plan on it last year, could share if you care.

Yusufisraelj:


Yea Emmy


Just to contribute to other depositions

POS is a good business to do, its safe investment and capital requirements depends on your pocket.

Location is key, heavy traffic places is best.

Your handlers: Banks or Opay service must always be available and ensure excellent services

You should be able to start with 200K excluding shop, table, chairs, counter, secure box and PHCN bills among other things.

I have not ventured into it, but had a business plan on it last year, could share if you care.

Thanks boss, but 200k is too much for me start with, I will look for something mininal.
Thanks again

Emmadoc:


Thanks boss, but 200k is too much for me start with, I will look for something mininal.
Thanks again

Okay, sure all the best brother