Hello nairalanders please I want to ask a question am planning to start a POS business and I really want to ask if it really worth it especially I mean what could be the do and don't of the business for someone who will ask about location i really got a good location I mean it is market area and nobody has a POS around there please I will really appreciate your input all the best

POS is a lazy man's kind of business.

Hopefully one day, it will come to an end.

Blake755:
Hello nairalanders please I want to ask a question am planning to start a POS business and I really want to ask if it really worth it especially I mean what could be the do and don't of the business for someone who will ask about location i really got a good location I mean it is market area and nobody has a POS around there please I will really appreciate your input all the best

My bro customer and and how much they're taking will depend on your roi per day..

descarado:
POS is a lazy man's kind of business.

Hopefully one day, it will come to an end.

Hmm really how is it that I would love to know no be hustle??

Mustack:


My bro customer and and how much they're taking will depend on your roi per day..

Care to explain

Blake755:
Hello nairalanders please I want to ask a question am planning to start a POS business and I really want to ask if it really worth it especially I mean what could be the do and don't of the business for someone who will ask about location i really got a good location I mean it is market area and nobody has a POS around there please I will really appreciate your input all the best

POS isn't a business you run independently. Especially in a City. It's something you attach to your already established business to boost sales.

Reason being that POS is everywhere. Rumor has it that the average Nigerian street has a minimum of 5 POS operators and this can increase in the coming months if the area is a good catch, so when you do the maths, the question on how you intend to make reasonable profit with so much competition around you pops up.

If you're in a rural environment with very little competition, you'll make more money cos you'll have more customers patronizing you....More like the lesser the competition, the higher your profit, the more competition you have, the lesser your profit. So the wisdom here is to look for remote villages to set up the business.

Since you said you're in a market, and currently have no competition, you can give it a shot. But note that if the business beings to boom, you'll reach 10 doing POS in that market in a couple of months. That's how business is in Nigeria.

How will POS business get around the CBN policy of 20k per day? And 100k per week?


Because I know this administration will never consider small businesses when creating new policies

Nazgul:

POS isn't a business you run independently. Especially in a City. It's something you attach to your already established business to boost sales.

Reason being that POS is everywhere. Rumor has it that the average Nigerian street has a minimum of 5 POS operators and this can increase in the coming months if the area is a good catch, so when you do the maths, the question on how you intend to make reasonable profit with so much competition around you pops up.

If you're in a rural environment with very little competition, you'll make more money cos you'll have more customers patronizing you....More like the lesser the competition, the higher your profit, the more competition you have, the lesser your profit. So the wisdom here is to look for remote villages to set up the business.

Since you said you're in a market, and currently have no competition, you can give it a shot. But note that if the business beings to boom, you'll reach 10 doing POS in that market in a couple of months. That's how business is in Nigeria.

I think nah just to keep my money jejely more especially I don't think if I would have time for it

SenecaTheYonger:
How will POS business get around the CBN policy of 20k per day? And 100k per week?


Because I know this administration will never consider small businesses when creating new policies

I wonder too

With this ,new CBM policy

I doubt, if POS job would be profitable anymore o

Blake755:

I think nah just to keep my money jejely more especially I don't think if I would have time for it

Open Pos it bring in 2 to 3k everyday and nothing will happen to your money