expertman:


Jesus I am not familiar with Lagos Terrain .

When I wanted to start my electronics shop .

I spent 460k to 500k cos I built the shop myself from scratch since the landlord do not have the funds .

We now use the amount as 5years payment plan with monthly payment of 5k.

I spent about 80k on shop design which include bill board that lastest fancy plastic billboard used by boutique guys now cost about ,100k for the iron one.

Went to Alaba and registered with electronics companies with my CAC .

I used just ,500k as a capital startup then . And within 2years I bought my first car.

The main thing is make sure u ask from who know road on best places to buy the good cheaply that way u did save a lot of money.

Cheers and wish you success

Bro, thanks for your contribution here. Please, I'm interested in doing electronics business. I would be glad if you can assist me sir

Good luck � man ...I don't stay in Lag but with that amount I'm sure you can set it up

ygowon:
Bro, thanks for your contribution here. Please, I'm interested in doing electronics business. I would be glad if you can assist me sir

No wahala brotherly I will be glad to lead you through.

Experttaiwo @ gmail.com

12.5million...thats the capital my sugar daddy gave mi to start mine

expertman:


No wahala brotherly I will be glad to lead you through.

Experttaiwo @ gmail.com

Thank u very much sir. Will email u

Waste of money if you ask me . Considering how much you'd pay for rent , advert, cost ( salary of staffs & theft inclusive) & business Development.
Take that 6m and shop for 3 Toyota 2004 Corolla & Camry cars on Copart. Import & clear them, add 150-250k on them for sale.
Tell your Vulcanizer /mechanic to find buyers or put it on your social media pages.
Within 1-2weeks, you'll have made almost 600k profit on that investment.
Add money to it & reinvest your profit. You can never go wrong with Toyota cars (especially Corollla & Camry) in this present day naija.

If you want to go through the hire purchase route, import & clear them. Do the paper works (comprehensive insurance inclusive). Put it on Nairaland, Uber Taxify page .
Many people would declare their interest. Do your due diligence ( get an army officer involved) before giving out your car.
Ask for intial downpayment of 300-500k and put it on hire purchase adding 300-500k profit on it. Compound that for 2years.
If the driver breach your contract, you can retrieve your car & sell it for good money. It is Toyota.
With comprehensive insurance, you wouldn't have to worry about accident, as insurance coy would come thru. It may take time but you will be glad you insured your car.

Na soap i cut for you o.

Spontaneous007:
This tori make me remember when I go work as sales boy for boutique. Chai!

It all happens when I was walking aimlessly the street with nothing to do. I saw one fine shop and entered o. The owner of the shop welcome me like better person, he say “customer sit down. How you dey, Emeka! Come to buy malting and snacks for our customer “… I try explain say I no but cloth say na work I dey find but him know allow me talk. He say make I no worry say he know wetin I dey look for. He say make I just chillex drink malt and eat meat pie. He still go but best for me. Me I no get by choice, I dey chop, dey drink dey go. As I come finish everything.. naso him come ask say wetin I wan buy? I say na him I dey try explain to am say him no listen. I say I no buy anything, na work I dey find.

You no finish am now... Lafta nearly kee me

Sincinnati:
Good Morning Nairalanders.

Can a budget of N6million set up Men’s standard Boutique in Ikeja? If it can, I will like to know a detailed breakdown of the likely costs/expenses.

is


oga forget clothes go import food we are hungry in this country

5million naira

There is huge profit in boutique business in Nigeria, all powered by our Yahoo yahoo youths.. The are the greatest customers.

Back to the topic I saw one niggar saying that 40 mannequins for 200k, my brother, the last one I bought was around 55k each...

MY Brother, the challenge in boutique business is not abt capital, the most important is is good location and management.

I started my own in one road side container but very busy road. Today I have another bigger shop with more that 4 million goods all with capital of 250k

6Million is good to start a standard boutique in Ikeja, shop rent 500k - 750k. Please do survey rent of about the location as Ipodo is not as great as Toyin Street or Allen.

A budget of 500k - 750k should be ok for ascetic designs and interiors. Don't allow Interior decors over bill you. A shop of 500k above must be with floor tiles and fine doors.
Attention and priority should be given to lighting, transparent glasses and security.

Knowing where to source quality wears at reasonable prices is key else your first two years maybe be for those you are buying from.

Newbie are always rips off of their capitals by those already established in the business. Please make enough research. And don't buy from one location nor importer until you master the game.

Best of luck

bakesntakes:
I think 6 million is good enough.

You can get a shop for 700k yearly
Repairs, carpentry works, Electrical & electronics setup, furnitures -(1m should cover everything that needs to be fixed and setup)

Mannequins #200,000 for about 40 pieces

The rest would go into getting authentic wears (shoes, bags, hats, shirts, trousers, belts, etc)

You can get Authentic wears at Eko market or online from international stores online.

I have a plug in Eko market that deals in high grade wears, and I know a couple of online stores that you can get Authentic stuffs.


6million is a great budget


If you need more information, let me know.

Please help me out you said #700k for shop per year. I no understand.

theenchanter:
40 mannequins is even too much for a start.

u mean 40 baba is too much?

gasparpisciotta:


Are you obtaining this information for yourself or for another?

The best way is to get your boots on the ground. We can discuss if you are willing to engage an expert to do a proper analysis

you wan slot yourself into the budget,sharping guy

The ignorance on NL these days is troubling.
I understand some are just here for bants and mischief, but those that are suggesting things that are a deviation from the Ops question just confuses me.

If you can provide insight to his plan, provide it, but stop asking him to use his capital to fund your dreams.

Go and hustle your own N6m, run all your suggestions and create your thread on how you won or lost.

kestolove95:
12.5million...thats the capital my sugar daddy gave mi to start mine

I thought you are a feminist

younglleo:
4 million go run am, use 1.5 sponsor me comot dis country den after 2yrs u get 4mill from me, easy business

Where you wan go?

bakesntakes:
I think 6 million is good enough.

You can get a shop for 700k yearly
Repairs, carpentry works, Electrical & electronics setup, furnitures -(1m should cover everything that needs to be fixed and setup)

Mannequins #200,000 for about 40 pieces

The rest would go into getting authentic wears (shoes, bags, hats, shirts, trousers, belts, etc)

You can get Authentic wears at Eko market or online from international stores online.

I have a plug in Eko market that deals in high grade wears, and I know a couple of online stores that you can get Authentic stuffs.


6million is a great budget


If you need more information, let me know.

Una funny, fibre mannequin is abt 80k male.
Plastic sef don reack 60

expertman:


Jesus I am not familiar with Lagos Terrain .

When I wanted to start my electronics shop .

I spent 460k to 500k cos I built the shop myself from scratch since the landlord do not have the funds .

We now use the amount as 5years payment plan with monthly payment of 5k.

I spent about 80k on shop design which include bill board that lastest fancy plastic billboard used by boutique guys now cost about ,100k for the iron one.

Went to Alaba and registered with electronics companies with my CAC .

I used just ,500k as a capital startup then . And within 2years I bought my first car.

The main thing is make sure u ask from who know road on best places to buy the good cheaply that way u did save a lot of money.

Cheers and wish you success

Nice response here!

Please i have a question, which goods did you buy with just 500k capital if i may ask? Cos I am sure a 55 inch smart LED TV alone goes for about 200k thereabouts. How many goods were you able to get with such amount cos I used to think electronics business is capital intensive. Thanks!

Im interested, can i PM you?

bakesntakes:
I think 6 million is good enough.

You can get a shop for 700k yearly
Repairs, carpentry works, Electrical & electronics setup, furnitures -(1m should cover everything that needs to be fixed and setup)

Mannequins #200,000 for about 40 pieces

The rest would go into getting authentic wears (shoes, bags, hats, shirts, trousers, belts, etc)

You can get Authentic wears at Eko market or online from international stores online.

I have a plug in Eko market that deals in high grade wears, and I know a couple of online stores that you can get Authentic stuffs.


6million is a great budget


If you need more information, let me know.

Solatium:



Where you wan go?

turkey, sweden , cyprus, denmark

expertman:


500k

cant pay rent

Rent (regular size) - 50,000/month = 600,000
agreement - 100,000
agency fee - 100,000
damages - 100,000
Lightings to your standard - 50,000
Paintings, wallpapers, interiors (your taste matters) - 100,000
Standing mirror - 10,000
Air conditioner 1.5 HP - 180,000 installation inclusive
Glass door (depends on shop size) - 150,000 regular
Mannequins (3) 70,000/1 = 210,000
Hangers - (10packs/dozens for a start)
Cloth shelves and rack - engage furniture guys and also check stainless standing hangers.
Chairs and table
Wall fans (3)
TV, decoder, music decks and speakers
Signage of your name at the entrance of your shop (General advert)

Clothings - I don't know where you're sourcing from eko market, US, UK, China, online international market etc.

I hope this little info helps sha, contact me if you need help. It's my line of business

younglleo:

turkey, sweden , cyprus, denmark

Denmark is the only beta country wey dey there,others na wash,you suffer for even triple for others.


Do you have an idea of what to do there?
what is your repayment plan?

Hmmm

Solatium:



Denmark is the only beta country wey dey there,others na wash,you suffer for even triple for others.


Do you have an idea of what to do there?
what is your repayment plan?

whereas in my own proffesion, denmark doesn't cough out alot of money or recognition as a starter, turkey is more better nd about the idea, I'm a footballer!

Sincinnati:
Good Morning Nairalanders.

Can a budget of N6million set up Men’s standard Boutique in Ikeja? If it can, I will like to know a detailed breakdown of the likely costs/expenses.

It will go. Ensure you look for a viable location and ensure you have a viable luxury website, functional social media pages because the world is now global. You can reach your customers anywhere, all you do is to deliver to them.

What grades of clothes and accessories do you wish to sell?

MISTAICEY02288:


Nice response here!

Please i have a question, which goods did you buy with just 500k capital if i may ask? Cos I am sure a 55 inch smart LED TV alone goes for about 200k thereabouts. How many goods were you able to get with such amount cos I used to think electronics business is capital intensive. Thanks!

Well my brother since you just starting you need some principle so as not to fall into mistakes must people does on the electronics field .

Now if u to start just select 3 products that's are selling on daily basis and with good returns .

Some of this products are generator the medium size 2.2kva and standing fans and selling fans also home theatres and agriculture engine with this products you are guaranteed daily sales and profits.

I bought 32" led then which was just at 35k or thereabouts and but I make sure I have generators , fans home theatres enmasse so when I showcase in the morning in front of my shop people will see it as a big store due to fact that I am.only based on 3 to 4 products and bought them alot.

From that products I bought my first ever car I sell standing and celling fans most.

Later I scale it up to freezers and fridges Led television that's when I have extra capital and some companies like synix , polystar, aucma ,skyrun sell to us on credits even century .

OJURONGBE1:
Waste of money if you ask me . Considering how much you'd pay for rent , advert, cost ( salary of staffs & theft inclusive) & business Development.
Take that 6m and shop for 3 Toyota 2004 Corolla & Camry cars on Copart. Import & clear them, add 150-250k on them for sale.
Tell your Vulcanizer /mechanic to find buyers or put it on your social media pages.
Within 1-2weeks, you'll have made almost 600k profit on that investment.
Add money to it & reinvest your profit. You can never go wrong with Toyota cars (especially Corollla & Camry) in this present day naija.

If you want to go through the hire purchase route, import & clear them. Do the paper works (comprehensive insurance inclusive). Put it on Nairaland, Uber Taxify page .
Many people would declare their interest. Do your due diligence ( get an army officer involved) before giving out your car.
Ask for intial downpayment of 300-500k and put it on hire purchase adding 300-500k profit on it. Compound that for 2years.
If the driver breach your contract, you can retrieve your car & sell it for good money. It is Toyota.
With comprehensive insurance, you wouldn't have to worry about accident, as insurance coy would come thru. It may take time but you will be glad you insured your car.

Na soap i cut for you o.

Kindly ignore with all your strength. Boutique business will keep you busy, stands as guarantee, source of continuous revenue and you will destiny is definitely in your hand unlike that use car imports and Uber businesses

bakesntakes:
I think 6 million is good enough.

You can get a shop for 700k yearly
Repairs, carpentry works, Electrical & electronics setup, furnitures -(1m should cover everything that needs to be fixed and setup)

Mannequins #200,000 for about 40 pieces

The rest would go into getting authentic wears (shoes, bags, hats, shirts, trousers, belts, etc)

You can get Authentic wears at Eko market or online from international stores online.

I have a plug in Eko market that deals in high grade wears, and I know a couple of online stores that you can get Authentic stuffs.


6million is a great budget


If you need more information, let me know.

Could you hook me up with your contact in eko.. how much e dey sell shirts, jeans and shoes respectively?

Solatium:



Denmark is the only beta country wey dey there,others na wash,you suffer for even triple for others.


Do you have an idea of what to do there?
what is your repayment plan?

.