13 Ways on How to Start Cell Phone Business

How to start cell phone business 

How to start cell phone business : Are you interested in knowing how to start cell phone business in Nigeria? Then, this article is for you.

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The widespread in the technology world today cannot be underestimated, without any doubt, an average Nigerian own at least a phone to himself/herself despite the hard economy.

Of course there are different types of mobile phones and they are in different ranges and that is why there are different categories of phone users

In setting up a cell phone business, the following must be aware of:

The phone users: This can be categorized into two major groups

–the light phone users: the ones using phone just to make and receive calls

-the heavy phone users: these are the people using mobile phones for advanced activities such as browsing, photography, exhibitions etc

Types of phone: This can also be summarized into two main categories

-non-browsing phones

-browsing phones

How to start cell phone business 

The non-browsing phones are the common ones you find with the unlearned people, little children etc.

However, quite a lot of elites and adults too use such phones mostly as backups for their browsing phones.

A common/popular name you can call the browsing phones is Smartphone.

The followings will help you tailor your plan of owning a mobile phone business.

How to start cell phone business 

1. Starting Your Cell Phone Business

In starting your mobile phone business, you need to consider certain things such as market survey.

It is important that you move round the location you have sighted for your cell phone business.

Study the people in the environment, if you are not residing in the country.

You need to get a trust worthy person who is conversant with the nooks and crannies of the location.

This will help you know the kind of phones you should stock your shop with.

For example, you cannot have the location of your cell phone business in a rural area and stock your shop with smart phones that worth N25,000 upward and you should not stock your shop with the small phones that can only make and receive calls when the location for your cell phone business is an urban setting.

How to start cell phone business 

2. Fund for Your Cell Phone Business

Setting up a mobile phone shop can be more fund demanding.

However; you can get through in this cell phone business if you so desire to own a mobile phone shop, this you can do by approaching a loan firm.

In the country today, acquiring a soft loan is more easier, firms/banks like LAPO Microfinance, etc can loan you an amount to start your mobile phone business with.

Another way you can fulfill your dream of owning a mobile phone business is by identifying some of your relatives who you know can raise you some few amounts, take for instance, if you have 10 relatives that can raise you N20, 000 each, that gives you the sum of N 200, 000 in all, if you are meticulous, you can set up your mobile phone business with this amount and grow from there.

How to start cell phone business 

3. ADDITIONAL ITEMS THAT WILL BRING YOU EXTRA COOL CASH

Accessories are the handy items that usually come with mobile phones such as battery, pouch, earpiece, charger, case etc all these are a great way of setting up your mobile phone shop and the good news about this is that, many of these accessories are very cheap to buy, they are not as expensive as mobile phones, with N20, 000, you can buy mobile phone accessories that is worth the while.

How to start cell phone business 

4. BECOMING AN AUTHORISED CELL PHONE DEALER

Becoming an authorized mobile phone dealer is a great way of venturing and enjoying a smooth ride in mobile phone business, you don’t need to have a huge capital to get this established, the sure way of becoming a mobile phone dealer is by contacting the mobile phone company, it is through them you will be connect to mobile phone distributors, you don’t need to have millions of naira to get started, all you need to do is to get your well structured business proposal, ask questions on how you can write a convincing one, you can search the internet for samples, once you are through with this, book an appointment with your mobile phone company for a discussion on your prospective cell phone business and you will be surprised that becoming a mobile phone dealer is not as difficult as many think it is.

How to start cell phone business 

5. WHERE TO SITE YOUR CELL PHONE BUSINESS

The location of your mobile phone shop is very paramount if you must make a mark in the cell phone business, a phone seller/distributor or dealer cannot choose a solitary place as the shop, this will definitely jeopardize the smooth running of the business, the reason is because, this kind of business focuses on the trooping in and out of passersby, hence; the location of your business must be strategically chosen.

How to start cell phone business 

6. ADVERTISE YOUR CELL PHONE BUSINESS ON THE INTERNET

Also, social media should be one of your topmost way of advertising your product, with little amount of naira, you can build a website or blog for your business where people can view what you have in stock on your website and place orders. There are lots of bloggers and website designers around who can build you a well constructed blog or website for your mobile phones business using great artistic features for you. With this, your sale will dramatically boost up and you will watch your cell phone business grow rapidly.

7. How to start cell phone business 

In the country, there are lot of folks that feel great by the type of the phone they handle.

It will interest you to know that, some folks can starve themselves.

Just because they want to get a phone that they believe will reveal them as a prestigious person.

Another way they portray this is by ordering phones online, funny enough.

This kind of attitude silently puts money into the pocket of the phone sellers.

It is then a wise thing for you to also find your way into this great business and pull your raw cash.

8. How to start cell phone business 

Another reason you need an internet based marketing system is because there are lots of people that cannot stand the stress of going into shops to get mobile phones.

They prefer placing order for their mobile phones from the comfort of their homes, what are you still waiting for? Take advantage of these opportunities and smile to the bank.

Cell phone business remains a very lucrative business of all time.

9. GETTING A SPACE

You should not allow the expected cash flow in this business to overwhelm you to have forgotten the aspect of getting a location for your cell phone business, if you are the type that you are the one that owns your place of residence and if fortunately its located in a busy environment then you can be sure that, the money for renting a space to put up your mobile phone shops is out of your cell phone business plan.

10. How to start cell phone business 

Charges for renting space differ by the location, cities or states. If you are based in Lagos or you want your mobile phone business to be situated in Lagos, you may need to have around N250, 000 to get a suitable shop per year but if you are based or you want your mobile phone shop to be located in places like Ibadan, Osogbo, Ekiti etc, you won’t need up to that amount because some places are majorly commercial centers while some are an average level.

11. EASY WAYS TO SOURCE FOR YOUR MOBILE PHONES AT CHEAP RATE

You can gently walk into some outlet owned by some specific mobile phone makers/manufacturers such as Samsung, Nokia, Motorola, Lenovo, LG, Doogee etc,  some of these household name manufacturers have outlets in big cities like Lagos, Ibadan, Osogbo, Akure, Abuja etc. If you can take a bold step, you will discover that many of them are more than willing to partner with upcoming phone dealers.

SLOT is also a popular mobile phone outlet where you can get your phones into your shop. Also if you are the type that is familiar with buying things online; there are hundreds of stores outside Nigeria that are always ready to sell goods to buyers from around the world. However, that might be risky.

How to start cell phone business 

12. ADDITIONAL RECOMMENDATIONS

Now that you have fulfilled the fundamental aspect of your cell phone business it is important for you to know that you need some creative ways of displaying your goods in such a way that it will capture the attention of the passers by this you need to do by getting a beautiful and bright show glass that will present your mobile phones neat and inviting to your prospective buyers.

13. How to start cell phone business 

Another important thin g in your cell phone business is easy pricing of your goods, mobile phone is generally believed to be an expensive kind of product, therefore, you can price-tag your phones for easy patronage, one of the advantage of placing price tag on your mobile phones is that, your prospective buyers may not bother bargaining, they will just check the features of their selected phones, once they are pleased with it, they will just go ahead and pay you. Chikena!

If you need a complete business plan, please let us know. Or, you want us to help you set up this business, kindly contact us.

Otherwise, Please check out these other business ideas