My good people on this platform,I want to seek your opinion on which business to go for between gas business on small scale I mean retail and selling motorcycle spare parts with the start up capital of 250k. Pls if you have a quick rewarding business investment that involves buying and selling with great returns,kindly share it with me. Thank you for your response in anticipation.

I will advise you to start a foodstuff business, selling raw foodstuff like rice, bean, garri and the rest...

Do you have experience or ideas on the spare parts? If yes, go for that. Gas stations are almost everywhere now, it's faster than those small scales

DEmejioba1:
My good people on this platform,I want to seek your opinion on which business to go for between gas business on small scale I mean retail and selling motorcycle spare parts with the start up capital of 250k. Pls if you have a quick rewarding business investment that involves buying and selling with great returns,kindly share it with me. Thank you for your response in anticipation.

Invest your funds in agency banking (pos) lots of return and your investment is safe....but register under firstmonie so you can insure your funds in case of accidental expenditure like theft or robbery....
You can also include sim registration,. With 100k you are good to go....

kashtanyi:


Invest your funds in agency banking (pos) lots of return and your investment is safe....but register under firstmonie so you can insure your funds in case of accidental expenditure like theft or robbery....
You can also include sim registration,. With 100k you are good to go....

How lucrative is POS business? What's the average profit the operators earn from it? What factors determine how successful a POS operator will be in his business?

SavageMaster:


How lucrative is POS business? What's the average profit the operators earn from it? What factors determine how successful a POS operator will be in his business?

I can comment only on firstmonie,that's what I use...the commission is 50% from all service charge...
You can also charge the customer extra as well...
It all depends on how you work,location...

kashtanyi:


I can comment only on firstmonie,that's what I use...the commission is 50% from all service charge...
You can also charge the customer extra as well...
It all depends on how you work,location...

Ok...thanks

kashtanyi:


I can comment only on firstmonie,that's what I use...the commission is 50% from all service charge...
You can also charge the customer extra as well...
It all depends on how you work,location...

Kindly shed light on how someone can start the POS business.Thanks in earnest.

uyogabie:

Kindly shed light on how someone can start the POS business.Thanks in earnest.

I prefer firstmonie because of their customer relationship, they resolve issues quickly...

Work into any first bank,request for the agency banking form...you will be required to open a current account (#50,000)and pay an insurance fee of #5000(insurance fee is use to cover any accidental occurrence or theft in the business or pos...that #50,000 you use in opening the current will still be in the account, you can use it to trade...
Its just a stipulated sum that is required to open a savings account...
The pos is free...
But not giving instantly..you will need to use the app for transaction for like 2 weeks..at least 10 transactions a day(it will be difficult but you just need to find a way to convince your customers )

You are paid commission(50%) on any transactions charges by the bank......

The pics I uploaded was the old commission,the new commission is 50%....

kashtanyi:


I prefer firstmonie because of their customer relationship, they resolve issues quickly...

Work into any first bank,request for the agency banking form...you will be required to open a current account (#50,000)and pay an insurance fee of #5000(insurance fee is use to cover any accidental occurrence or theft in the business or pos...that #50,000 you use in opening the current will still be in the account, you can use it to trade...
Its just a stipulated sum that is required to open a savings account...
The pos is free...
But not giving instantly..you will need to use the app for transaction for like 2 weeks..at least 10 transactions a day(it will be difficult but you just need to find a way to convince your customers )

You are paid commission(50%) on any transactions charges by the bank......

The pics I uploaded was the old commission,the new commission is 50%....

Thanks a lot.

How can I perform 10 daily when I don't have the pos for withdrawal transactions?

kashtanyi:


I prefer firstmonie because of their customer relationship, they resolve issues quickly...

Work into any first bank,request for the agency banking form...you will be required to open a current account (#50,000)and pay an insurance fee of #5000(insurance fee is use to cover any accidental occurrence or theft in the business or pos...that #50,000 you use in opening the current will still be in the account, you can use it to trade...
Its just a stipulated sum that is required to open a savings account...
The pos is free...
But not giving instantly..you will need to use the app for transaction for like 2 weeks..at least 10 transactions a day(it will be difficult but you just need to find a way to convince your customers )

You are paid commission(50%) on any transactions charges by the bank......

The pics I uploaded was the old commission,the new commission is 50%....