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Can 1.5 Million start up a phone accessories business - Business (4) - Nairaland

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Re: Can 1.5 Million start up a phone accessories business by chidiokay: 9:22pm On Mar 16
Bullfallo:
It shows you know nothing. Screen guards sell more than chargers.

If you have a quality charger you will not need a charger for over 4 years.

But you most change phone case and screen guards



I don't remember putting in for a contest of screen guard vs charger

They are all accessories and the most important thing is they both have demands

Una like to dey argue nonsense for NL, why select or is it impossible to sell charger, screen guard and others ... o ga ooo !

3 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by Bullfallo(m): 9:28pm On Mar 16
chidiokay:




I don't remember putting in for a contest of screen guard vs charger

They are all accessories and the most important thing is they both have demands

Una like to dey argue nonsense for NL, why select or is it impossible to sell charger, screen guard and others ... o ga ooo !
i’m done with you bye bye
Re: Can 1.5 Million start up a phone accessories business by millionboi2: 9:35pm On Mar 16
raphemmanuel:
My good people of nairaland good morning to you all. Hope you have a wonderful night rest.

After so much pondering and fear of starting a business due to fear of the business collapsing because of our current economy crisis since early last year, I have decide to venture into phone accessories business.

The reason why I always resort to nairaland each time I want to take some certain decisions is because there are people with like-mind and are willing to give out tangible advise.

I have a budget of 1.5 million naira to start the business (shop rent and shop beautification included on the amount).

Please my good people, is it still advisable to venture into this business without regret, is the business viable?
What particular phone accessories device has much demand.

My location is Aba, Abia state. Any location or place I can buy this accessories in bulk at cheaper price.
1.5m is too much,use 500 to start, when you start making sales you can take note of those thy are buying most,carry the 1m and add then.

3 Likes

Re: Can 1.5 Million start up a phone accessories business by raphemmanuel(m): 9:39pm On Mar 16
Evans41:
It is my business. Come to 30 St. Mecheals Road ABA or whatsapp the number 07035685641
Can I Whatsapp you.
Re: Can 1.5 Million start up a phone accessories business by millionboi2: 9:42pm On Mar 16
seanwilliam:

It works better with container trust me. Container will make you stand out for easier identification.. Especially since you’re not selling wholesales.. buy and install container with 500k. Buy goods of 1m .. if you’re in a viable location , you’ll realise your capital in two months. There’s nothing hidden there.

Also inflation doesn’t affect it, if dollar rises , simply add money to your stuff.
realized capital in two months,oga take m easy dey hype no come make fall into depression if after the 1st week no sales.
Re: Can 1.5 Million start up a phone accessories business by Tobest94: 9:43pm On Mar 16
millionboi2:
realized capital in two months,oga take m easy dey hype no come make fall into depression if after the 1st week no sales.
don’t mind the guy. He think it’s easy. Unless na only you dey the street. Nobody Dey sell for there again

1 Like

Re: Can 1.5 Million start up a phone accessories business by millionboi2: 9:46pm On Mar 16
Sirseedorf:
Please can i start the phone accessories with 150,000 or 200,000, with shop excluded.





My location is nearer to Alaba market, should it be wholesale or retail?
Your advice please..
yes is better you start small,start with retailing but be selling cheap so that you win your customers heart,make them comfortable with you in time of price.

2 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by millionboi2: 9:52pm On Mar 16
silibaba:


Get your supplier (importer that will sell to you at wholesale price)at alaba first.

Go to benin republic get a kiost and start making money in CFA which is better off than naira till TINUBU will leave office.

Am not joking. You will make it faster in Benin republic than in Nigeria.
you are not making sense abeg, everything must not be politics.
Re: Can 1.5 Million start up a phone accessories business by seanwilliam(m): 10:06pm On Mar 16
millionboi2:
realized capital in two months,oga take m easy dey hype no come make fall into depression if after the 1st week no sales.
maybe i exaggerated with the two months , but trust me it’s a super lucrative business. When I started , I monitored it myself for the first 6 months, there was one Sunday like that I sold iPhone chargers worth 70k. My gain was 45k or there about that day .. bought the charger 4k ( 35watt) sold it 15k sold two. That same day I sold that same charger for 12k and 10k for another customers. Depends on the bargaining power of the customers.. I made 8k gain the very first day I started the business , .. I realized 300k the first month .. cos I was writing it down … along the line I added pos and charging of phone with it … u see that charging ? Bro omg money Dey there die. Especially if the area has poor power supply and you’re using solar inverter … at some point I was making 12k on charging of phones alone per day. It dropped to like 5k daily now add it to phone accessories gains and pos and data reselling lol. There were months I made over 500k profits and there were months I made 300.. but there have never been months I made less down 250k gains and never a day I made less down 10k afterward.

Bro these are the secrets no one is willing to share, dem go dey package am lol.
I have two shops now wey I employ people .. if I’m bored at home I go just go there go play.. I’m into so many things these days so I’ve not been giving it adequate monitoring like before. Na big big money I Dey find now lol grin



The most important is LOCATION and monitoring … with location , 25k daily profit is realistic .. I’m willing to prove anyone wrong here

8 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by seanwilliam(m): 10:09pm On Mar 16
Lekan239:
assuming he started a biz with 1m, if he invest all the gains bck to the biz and in 4month if the biz now worth 2m, does it mean he have realise his capital?

Since he does not have any physical cash at hand and all the gain was reinvested into the biz
my mathematics skill is poor. To me, If the biz worths 2m when the initially capital is 1m yes , he’s realized his capital and made profits …
Re: Can 1.5 Million start up a phone accessories business by Evergreen4(m): 10:10pm On Mar 16
raphemmanuel:
My good people of nairaland good morning to you all. Hope you have a wonderful night rest.

After so much pondering and fear of starting a business due to fear of the business collapsing because of our current economy crisis since early last year, I have decide to venture into phone accessories business.

The reason why I always resort to nairaland each time I want to take some certain decisions is because there are people with like-mind and are willing to give out tangible advise.

I have a budget of 1.5 million naira to start the business (shop rent and shop beautification included on the amount).

Please my good people, is it still advisable to venture into this business without regret, is the business viable?
What particular phone accessories device has much demand.

My location is Aba, Abia state. Any location or place I can buy this accessories in bulk at cheaper price.
You can get it cheap at alaba international market Lagos. Come to Lagos , I'll take you to the section where they sell it and link you up with someone there. I'm at alaba international market too but electrical section.

But I'll advise you take out 3 months to learn the rudiments of the business first .
Re: Can 1.5 Million start up a phone accessories business by seanwilliam(m): 10:12pm On Mar 16
[quote author=Slickbishop post=128958610][/quote]

First is location o.. this is very very important. Also monitoring .
Yes 500k ok for a start, find small container and funish am , 500k go get u started to stock up . Though things don cost two years ago, with that capital your shop go full but now. E fit no full one shelf. Ensure you buy more of earpiece, and cheap but good chords.. then chargers with big packaging .. that’s all
Re: Can 1.5 Million start up a phone accessories business by Britishcoins(m): 10:17pm On Mar 16
seanwilliam:
maybe i exaggerated with the two months , but trust me it’s a super lucrative business. When I started , I monitored it myself for the first 6 months, there was one Sunday like that I sold iPhone chargers worth 70k. My gain was 45k or there about that day .. bought the charger 4k ( 35watt) sold it 15k sold two. That same day I sold that same charger for 12k and 10k for another customers. Depends on the bargaining power of the customers.. I made 8k gain the very first day I started the business , .. I realized 300k the first month .. cos I was writing it down … along the line I added pos and charging of phone with it … u see that charging ? Bro omg money Dey there die. Especially if the area has poor power supply and you’re using solar inverter … at some point I was making 12k on charging of phones alone per day. It dropped to like 5k daily now add it to phone accessories gains and pos and data reselling lol. There were months I made over 500k profits and there were months I made 300.. but there have never been months I made less down 250k gains and never a day I made less down 10k afterward.

Bro these are the secrets no one is willing to share, dem go dey package am lol.
I have two shops now wey I employ people .. if I’m bored at home I go just go there go play.. I’m into so many things these days so I’ve not been giving it adequate monitoring like before. Na big big money I Dey find now lol grin



The most important is LOCATION and monitoring … with location , 25k daily profit is realistic .. I’m willing to prove anyone wrong here
Bro everything you said is pure truth, I stay with someone who is into the business at Dugbe Ibadan just Opp cocoa house, men, those guys are making profits... This tread is for me, I have a good location plus capital and connections and I was busy wasting those precious years in boutique business... But not too late... I am starting by May with 4m but I need to marry first, those sales boys can wreck someone.

5 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by seanwilliam(m): 10:24pm On Mar 16
Britishcoins:

Bro everything you said is pure truth, I stay with someone who is into the business at Dugbe Ibadan just Opp cocoa house, men, those guys are making profits... This tread is for me, I have a good location plus capital and connections and I was busy wasting those precious years in boutique...
before I started the business, I Dey do big boy , grin me wey no dey comot for house, when I begin go shop, I go Dey shy based on say I dey do fresh boy grin after a month and I saw what’s coming from there , baba I change techniques, I familiarized myself with people around , now dem dey use my shop as bustop name cheesy funnily enough at first I wanted to go into boutique or drinks cos na posh business , but I just table the matter for one area friend wey dey run the biz, naso e put me through …bro my only regrets is not starting earlier..



I’m just praying to pick up Wella for this bull run , I one become phone accessories importer in large scale ..

5 Likes 2 Shares

Re: Can 1.5 Million start up a phone accessories business by honestivo(m): 10:30pm On Mar 16
I need contact of any whole seller in PH
Re: Can 1.5 Million start up a phone accessories business by ecomalchemistt(m): 10:37pm On Mar 16
eedimo:

All this for free
You should become a business consultant. You will certainly do well.

Nigerians don’t like paying for such stuff that’s why they keep on losing millions.

Even the update wey I drop sef , most people go read am.

Na only 1% go implement am , so why bother !

4 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by silibaba: 10:47pm On Mar 16
Love800:
If i start selling baked foods(fish-roll, doughnuts, buns, eggroll), hawking dem in the streets of benin republic, will i make good profit?

Almost all west African countries depends on Nigeria for electricals , electronics, motor spare parts and accessories. Not food and snacks

4 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by raphemmanuel(m): 11:01pm On Mar 16
seanwilliam:
Yes. But don’t rent shop. Buy container and place it at a strategic location . Don’t deal with phone pouch and phone screen guard for starting. Strictly deal with chargers , earpiece and mp3..
Along the line, add phone charging and pos to it, run that one with inverter and you’re good.
I started with one shop a year ago, now it’s two.
I don employ people there
please can I contact you
Re: Can 1.5 Million start up a phone accessories business by Kilanee: 11:21pm On Mar 16
Abrahamm:
It's lucrative business, if your shop not in market square, make sure your shop located at the busy road close to school, offices, motor pack and ensure such business are not close to your location,
If you're planning to add phone's charging to it I will advise you to start with good generator later you make switch to solar
For items you can go with complete chargers, cables, earpod, ear piece, JBL, batteries, Mp3 bluetooth
Pouch, glass not advice for now
Why pouch and glass not now pls?
Re: Can 1.5 Million start up a phone accessories business by jr3: 11:28pm On Mar 16
Nice
Re: Can 1.5 Million start up a phone accessories business by Kilanee: 11:55pm On Mar 16
seanwilliam:
before I started the business, I Dey do big boy , grin me wey no dey comot for house, when I begin go shop, I go Dey shy based on say I dey do fresh boy grin after a month and I saw what’s coming from there , baba I change techniques, I familiarized myself with people around , now dem dey use my shop as bustop name cheesy funnily enough at first I wanted to go into boutique or drinks cos na posh business , but I just table the matter for one area friend wey dey run the biz, naso e put me through …bro my only regrets is not starting earlier..



I’m just praying to pick up Wella for this bull run , I one become phone accessories importer in large scale ..
Where do you buy your goods from?
Re: Can 1.5 Million start up a phone accessories business by FuckingNaira: 12:13am On Mar 17
ecomalchemistt:
1.5 wetin… e too much sef…any business wey Dey fetch you 20 - 30k daily , take am serious like your life depends on it !!!

Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc)

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!

2. Enter NYSC camp for that Umunna bendel, rent space , if you sabi wetin you Dey do, within 3 weeks.. e go be like say na juju you do… na where I serve be that. Set up charging point, buy 30 Powerbanks you can rent out (1k) daily… (you go collect 15k as insurance fee Incase dem run with the powerbank).. u gatts reason like street man with Orientation !… still rugged am with your POS (Moniepoint) for hand..you must have cash at all times !!!

Wo, hand Dey pain me… when you done make money come pay tithe abeg 💰
You said it all.

1 Like 1 Share

Re: Can 1.5 Million start up a phone accessories business by FuckingNaira: 12:16am On Mar 17
Bullfallo:
Small scale. There is risk factor with the business which means if you don’t sell fast the goods will be outdated and result to loses.

E.g new phones and accessories comes out every day. The dynamic keep charging. If you buy bulk and clear it fast dont buy that same again. Buy the latest. If you didn’t finish the old bulk that means loses
Interesting.
Re: Can 1.5 Million start up a phone accessories business by FuckingNaira: 12:18am On Mar 17
okunwaye:
Make clipto pay make i fit venture into this buziness tongue
Wahalax3 in portable voice
No throw your life savings into crypto
Re: Can 1.5 Million start up a phone accessories business by sureinfo: 12:48am On Mar 17
Yes it can, it won't be as big as it would have been some years ago but you can always start small. Just look for original parts of different devices that are affordable like TECNO etc. With time, you'll grow and expand to the expensive things.
Re: Can 1.5 Million start up a phone accessories business by NobleSeed(m): 12:50am On Mar 17
nice one op
Let me divulge few steps for you to follow.
1. Look for a busy play that have alot of foot walk.
2. Since you are newly starting, you can employ someone and be staying with the person for time to time before you think of leaving him or her alone in the shop.
3.there are basic things you just need to start with at the initial stage which are
Earpiece mainly oriamo, charges, extension box, iphone screen guards, majorly privacy and Samsung screen guards, majorly the s.series Samsung, laptop chargers hp and the rest, Bluetooth speaker zelaots majorly as times goes on upgrade to JBL, WiFi network, phone cords, HDMI cable, I watch charger, I watch screen protector the list is endless.
4. Since is your first time don't go to alaba market, I repeat don't go to Alaba market , go to computer village and go to a reputable shops.
5. Buy cheap and durable things so as to get a brand and attract customers.
6.there isn't much to learn aside fixing of guards and some minor things since you aren't really starting big. but shal learn how to fix screen guards 😂.
Someone customers no dey use eyes see dot or bubbles for their phone.
7. When you go to market ensure you get your dealer phone numbers cause you might not be going market frequently due to high cost of transportation, when you goods is about finishing or there is high in demand for some certain goods all need is to do waybill.
Good luck man 👍✅✅

4 Likes 1 Share

Re: Can 1.5 Million start up a phone accessories business by sorepco(m): 5:17am On Mar 17
If u learn the business for 1 year u will be able to use 500k. If u lean it for 2 years then less than 500k. Use the remaining 1m to put in the businessafter you have mastered it!


raphemmanuel:
My good people of nairaland good morning to you all. Hope you have a wonderful night rest.

After so much pondering and fear of starting a business due to fear of the business collapsing because of our current economy crisis since early last year, I have decide to venture into phone accessories business.

The reason why I always resort to nairaland each time I want to take some certain decisions is because there are people with like-mind and are willing to give out tangible advise.

I have a budget of 1.5 million naira to start the business (shop rent and shop beautification included on the amount).

Please my good people, is it still advisable to venture into this business without regret, is the business viable?
What particular phone accessories device has much demand.

My location is Aba, Abia state. Any location or place I can buy this accessories in bulk at cheaper price.
Re: Can 1.5 Million start up a phone accessories business by AyoolaIgwe(m): 8:15am On Mar 17
Bro abeg give me Ur WhatsApp number make I follow you relate.
seanwilliam:
maybe i exaggerated with the two months , but trust me it’s a super lucrative business. When I started , I monitored it myself for the first 6 months, there was one Sunday like that I sold iPhone chargers worth 70k. My gain was 45k or there about that day .. bought the charger 4k ( 35watt) sold it 15k sold two. That same day I sold that same charger for 12k and 10k for another customers. Depends on the bargaining power of the customers.. I made 8k gain the very first day I started the business , .. I realized 300k the first month .. cos I was writing it down … along the line I added pos and charging of phone with it … u see that charging ? Bro omg money Dey there die. Especially if the area has poor power supply and you’re using solar inverter … at some point I was making 12k on charging of phones alone per day. It dropped to like 5k daily now add it to phone accessories gains and pos and data reselling lol. There were months I made over 500k profits and there were months I made 300.. but there have never been months I made less down 250k gains and never a day I made less down 10k afterward.

Bro these are the secrets no one is willing to share, dem go dey package am lol.
I have two shops now wey I employ people .. if I’m bored at home I go just go there go play.. I’m into so many things these days so I’ve not been giving it adequate monitoring like before. Na big big money I Dey find now lol grin



The most important is LOCATION and monitoring … with location , 25k daily profit is realistic .. I’m willing to prove anyone wrong here
Re: Can 1.5 Million start up a phone accessories business by Harmless1b(m): 9:03am On Mar 17
Shop rent and beautification included u said and I guess generator too??. It will go no where.. I suggest you start with wheel barrow first.
Re: Can 1.5 Million start up a phone accessories business by Harmless1b(m): 9:10am On Mar 17
1.5 m is not even enough to knack canter(I e beautification) talk more of other things .
Wheelbarrow is a good start for now. Due to high cost of things, now Accessories included. 1.5m will not go long way like that after buying wheelbarrow. But is a good start . Once u start u will be getting more ideas on what to buy next
Re: Can 1.5 Million start up a phone accessories business by jasent(m): 9:40am On Mar 17
silibaba:


Just get a good location.

Till date I still supply memory cards etc to my customers in cape coast, Accra, achimota, kasoa, university of Ghana etc, but I make more supplying to Benin republic customers.
Since you supply I think will can do business. Can I have your price list?
Re: Can 1.5 Million start up a phone accessories business by ecomalchemistt(m): 10:02am On Mar 17
seanwilliam:
maybe i exaggerated with the two months , but trust me it’s a super lucrative business. When I started , I monitored it myself for the first 6 months, there was one Sunday like that I sold iPhone chargers worth 70k. My gain was 45k or there about that day .. bought the charger 4k ( 35watt) sold it 15k sold two. That same day I sold that same charger for 12k and 10k for another customers. Depends on the bargaining power of the customers.. I made 8k gain the very first day I started the business , .. I realized 300k the first month .. cos I was writing it down … along the line I added pos and charging of phone with it … u see that charging ? Bro omg money Dey there die. Especially if the area has poor power supply and you’re using solar inverter … at some point I was making 12k on charging of phones alone per day. It dropped to like 5k daily now add it to phone accessories gains and pos and data reselling lol. There were months I made over 500k profits and there were months I made 300.. but there have never been months I made less down 250k gains and never a day I made less down 10k afterward.

Bro these are the secrets no one is willing to share, dem go dey package am lol.
I have two shops now wey I employ people .. if I’m bored at home I go just go there go play.. I’m into so many things these days so I’ve not been giving it adequate monitoring like before. Na big big money I Dey find now lol grin



The most important is LOCATION and monitoring … with location , 25k daily profit is realistic .. I’m willing to prove anyone wrong here

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