Sunday, July 21, 2019

How To Make Lots Of Cash Doing Phone Selling Business In Nigeria.

Do yo want to know how to start up a Phone business in Nigeria, then this article is solely for you. Phone business is a very lucrative business in Nigeria, and you can make a whole lot of cash doing this business in Nigeria.
In this article we will be telling the major steps you should take to start up a phone re-selling business in Nigeria. Surely, you can make a whole lot of cash doing this business in Nigeria, all you need to do is to make up your mind and then work towards it.  

Before we continue, pls don't forget to leave a comment and then share to friends at the end of this article.

How You Can Make A Whole Lot Of Cash Doing Phone Selling Business In Nigeria.

✿ Develop A Business Plan

The first step is to develop a business plan, your business plan should demonstrate that you have a working understanding of market forces and conditions. Your plan must include the ways in which you intend to perform marketing campaigns and outreach. You must also demonstrate your ability to serve your customer’s needs.

A cell phone retailer must demonstrate the existence of proper electrical facilities and access to the Internet. For a start, you can expect to spend between $20,000 and $100,000 of startup capital in order to set up your retail establishment.
If you don’t have at least the bottom figure to start with, you should look to small business financing options.

✿ Apply To Become A Cell Phone Re-Seller

Secondly, You must submit a formal application to each carrier whose products you want to carry. You will be required to submit copies of your business plan.
When you have studied their terms and conditions, you may choose to revise your business plan. This is probably the best time to develop your subsequent drafts. The carriers you apply to want to make sure your business does not harm their reputations. After all, most customers do not see the line of separation between you and the companies that make and distribute the products you will be selling. Your business plan is your way of showing these big cell phone companies that you have the ability to run a successful business with which they will want to be associated.
These carriers will check your credit score and look for verification of your ability to run a business. This is easily the most grueling part of your journey to becoming a cell phone retailer. They will ask you to demonstrate your ability to provide good customer service and prove that you are a competent manager. The carriers would prefer that you have experience in the industry, but this is not required. Be ready to jump through a lot of difficult hoops. Above all- have patience.
Once you have successfully passed through the corporate gauntlet, you will be officially granted the status of an authorized cell phone re-seller.

✿ Choose A Proper Store Location

Then after you’ve been granted at least one contract with a carrier, you can begin to seek out a viable location for your store. Keep in mind that your potential landlord will check your credit. With all of the loans and credit checks you’ll have been going through, you’ll want to be very careful not to damage your credit before applying for a lease.
You should secure a location with a great deal of foot traffic. Malls, busy downtown areas with lots of popular curio shops and the like are your best bet. You do not want a drive-by location!
The location should be amenable to developing a high tech and modern feel. Avoid locations that feel run down, old, or in the least bit shady. You should expect to have to buy liability insurance. Look for a policy which covers inventory and business property. Remember, cell phone stores are popular targets for thieves, so you’ll need to take measures to protect your investments.

✿ Register Your Business

Lastly, make sure to register your chosen business name with your state and/or local authorities. This is a necessary step to becoming a legitimate business entity and gain the right to access retail leasing services, financial services, and to apply with wireless service carriers.
Then after applying this steps, you can now start the business and enjoy your raw cash.  Thanks for reading along, make sure to leave a comment an then share to friends.

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