How To Start Phone Selling Business In Nigeria (Iphone And Android). Get Substantial Information On How To Start Your Own Phone Business In Nigeria. Check This Post For More.
Smart phones have become one of the easiest ways by which one can reach out and connect with people all over the world. Every day, people buy phones in other to meet up with this trend. Do you wish to start up a phone business in Nigeria? Then you do not have to worry as I am here to help you with everything you would need to start up a successful phone selling business in Nigeria. Here is how to start up your own phone selling business in Nigeria:
Table Of Contents
- 1 How do I start up my own phone selling business in Nigeria?
- 2 How To Start Phone Selling Business
- 2.0.1 1. CONDUCT A FEASIBILITY STUDY
- 2.0.2 2. MAKE A BUSINESS PLAN FOR YOUR PHONE SELLING BUSINESS
- 2.0.3 3. PICK THE LOCATION WHERE YOU WANT THE BUSINESS TO BE
- 2.0.4 4. MAKE SURE THAT YOU ARE ABLE TO GET THE RIGHT CAPITAL
- 2.0.5 5. TAKE STEPS TO REGISTER THE BUSINESS
- 2.0.6 6. FURNISH YOUR STORE
- 2.0.7 7. BUY THE PHONES YOU WANT TO SELL
- 2.0.8 8. MARKET YOUR BUSINESS PROPERLY
How do I start up my own phone selling business in Nigeria?
- Conduct a feasibility study
- Make a business plan for your phone selling business
- Pick the location where you want the business to be
- Make sure that you are able to get the right capital
- Take steps to register the business
- Furnish your store
- Buy the phones you want to sell
- Market your business properly
How To Start Phone Selling Business
1. CONDUCT A FEASIBILITY STUDY
The first step to take when starting any business after you have made up your mind on the type of business you want to go into is to conduct a feasibility study. The main purpose of a feasibility study is to find out if your business will thrive or not. There are so many things to note when conducting a feasibility study. You must consider your capital and also the location which you have in mind to start up your business.
A feasibility study can be conducted if you go out and visit stores that sell phones as well. You should also find out how much these phones cost and how they are sold. You should also find out where you are supposed to buy your products from. You should also find out all the items you would need to properly establish your own store. Once you have gotten all these information, you would now make out time and sit down to analyze all of these things to know if it is the right business for you. The reason why so many businesses fail is because they always fail to carry out a feasibility study to know the viability.
2. MAKE A BUSINESS PLAN FOR YOUR PHONE SELLING BUSINESS
The next step you would need to take after you have done your feasibility study if it was successful is to make a business plan for your phone selling business. A business plan is one that is designed on how you want your business to go. You should make sure that all the goals of your business are written in your business plan and also put out the ways by which you want to achieve those goals.
It should be noted that a business plan should not be joked with and it should be written in a document in which you can always make reference to all the time.
3. PICK THE LOCATION WHERE YOU WANT THE BUSINESS TO BE
The next step that you would need to take after you have written out the business plan for your phone business to then to choose a location where you want your business to be. It should be noted that your location should be a place where people can easily access your goods and should not be a place that is so calm. It should also not be too hard for one to get the goods which one has purchased for one’s business to the store itself.
I am sure that you must have considered the location you want to use for your business in the feasibility study which you conducted earlier.
4. MAKE SURE THAT YOU ARE ABLE TO GET THE RIGHT CAPITAL
The next step that you need to take after you have chosen the right location for the phone business which you intend to start up is to source for capital. You should not wait till you have millions of naira before you get started. Although starting up a phone business of android and IPhone can cause you to spend millions of naira but you need to start from somewhere and improve overtime.
It should be noted that capital is not only for you to buy your smart phones which you intend to sell but also to furnish your store. The way you furnish your store will quite to an extent determine the kind of people that would come into it to buy from you (customers).
5. TAKE STEPS TO REGISTER THE BUSINESS
The next step you need to take after you have sourced for capital is to take steps to register your business and make it a legitimate business. A registered business give one an added advantage over customers in the sense that a lot of customers tend to feel safe and secure purchasing items from a registered business.
6. FURNISH YOUR STORE
The next step you need to take after you have taken steps to register your business or after you have successfully registered your business is to furnish your store and this is where you would need to put up with some creativity. You sure want to make that your store very beautiful so that a lot of people would be attracted and troop in. for me, I would rather go into a more beautiful store to purchase something even if they sell for the same prices.
7. BUY THE PHONES YOU WANT TO SELL
The next step you need to take after you have furnished your store is to buy the phones you want to sell. Of course, that you store is not going to sit beautifully empty. You have to put some goods up for customers to buy. It is at this point that you would need the contacts of people that supply or the companies contact if you wish to buy in large quantities.
8. MARKET YOUR BUSINESS PROPERLY
The next step you need to take after you must have furnished your store and bought the goods which you want to sell is to market that phone business! Marketing can be done both online and offline.
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