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POS Business - Business - Nairaland

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I Want To Start POS Business / Is POS Business Profitable? / How To Start A POS Business In Nigeria (2) (3) (4)

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POS Business by podium(m): 9:17am On May 29, 2022
Good morning all and happy Sunday... please how much can I use to start up a POS Business....I am a family man with a 10month daughter. Things are not going too well... Meanwhile I bought my phone from eazybuy some years ago and I have been granted access to a loan of 70k payable for 3months. I want to take this 70k loan and start the business... Please advise if it is a good idea... Thanks
Re: POS Business by Nobody: 10:05am On May 29, 2022
70k too small.

you eill get d pos for like 25-50k depend on d type.


u need cash at hand and money in ur acocunt for people that want to do TF

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Re: POS Business by podium(m): 12:19pm On May 29, 2022
Nogymmarts:
70k too small.

you eill get d pos for like 25-50k depend on d type.


u need cash at hand and money in ur acocunt for people that want to do TF

Please are you into it, like how much do I need

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Re: POS Business by Nobody: 3:49pm On May 29, 2022
podium:


Please are you into it, like how much do I need

no sir, but someons does aroud 150k sha

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Re: POS Business by Sportpicks: 7:22pm On May 29, 2022
podium:
Good morning all and happy Sunday... please how much can I use to start up a POS Business....I am a family man with a 10month daughter. Things are not going too well... Meanwhile I bought my phone from eazybuy some years ago and I have been granted access to a loan of 70k payable for 3months. I want to take this 70k loan and start the business... Please advise if it is a good idea... Thanks

I think you can still manage 70k for a start.
You can get money point or some other POS device for 20k.
You can start with a space, get a table and umbrella. Start with the 50k cash for transaction and ensure you put add profit realized to the cash that way, capital will be increased with time.

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