Are you searching How to start POS – (Point Of Sale) business in Nigeria and be successful, today on this page I’ll show complete guide on how to start.
Many Nigerian youth do complain of unemployment where they can be self employ and an entrepreneur of their own business. Many want to buy the ideas of being self employ but are usually faced with the challenges of what can they invest into or what can of business they can embark on. If you are one of them I bring you a business idea as the heading rightly state ‘POS business ‘.
POS (point of sale or point of service) business offers services like funds transfer, withdrawal, sales of airtime, bill payment like DSTV, GOTV, PHCN and other utility bills.
POS business thrives more in rural areas or semi – urban centers; where there is no banks, or few or no ATMs to serve the people. Withdrawal, transfer, payment of bills have become part of our daily living, so, this business is profit maximizing especially when there are no sufficient bank to serve the people.
Believe you me, POS business is a business anyone can venture into and I will be highlighting steps to start Pos business in Nigeria.
1. Have an Existing Registered Business
POS business being monetary and financial business, it must be carefully approach. Desiring to start Pos business, commercial banks are very careful and to be eligible, you must have a business that is registered with the Corporate Affair Commission (CAC) under any of the following entities;
• Limited Liability Company
• Sole Proprietorship
• Cooperative Society
• Public entities
2. Approach Any Bank Institute
All banks of Nigeria support agent banking so, if you already have an existing business, you can go ahead and registered with the bank. The CBN allow you to be an agent to as many bank you can serve.
You will need to fill agreement forms on the transaction terms and conditions. If you meet all criteria you will be registered. You will need the following documents for accreditation;
• Identification Card e.g driver’s license, National Identification Card, international passport or voters card
• 2 passport photography
• 2 current account reference
• CAC certificate
• Tax identification Number
• memorandum and article of Association
• credit Bureau report
• a minimum working capital of #50000
3. Get the Equipment
After being registered, you need to get the Equipment to start up the business such as;
• POS terminal
• Card reader
• Barcode scanner
4. Get Your location
What makes a business profitable is getting to the right market target that is a favorable location. As earlier started POS business thrive more where there is no or few banks, ATMs which can usually be rural or semi-urban settlement.
POS also will be good when situated close to tertiary institution.
I believe this article really helped you. The price of the terminals varies depending on the agents and types of machines. It ranges from #45000 to #200000 depending on the specialization.
Top 20 Small Business Ideas For Students
Being a students does not make you enterprise handicap because there are many business opportunity you can embark on that can earn you a living and reduce the over dependence on parent for tuition fee, handout and pocket money while you are still a student.
You can be a student and you will be self employed. You may be thinking won’t it affect your academic pursuit? These article have provide you top 20 business ideas that students can embark on while in school.
Here are 20 business ideas for students either in the college, university, polytechnic or monotechnic and what have you. They are legal and easy to start. I will start with those that need clarification to those we are common with but we don’t know it is a business opportunity. They are
1. Sale of books, pens, markers and other classroom accessories
Believe you me that students can not do without those aforementioned things. So, selling those materials will give you a big opportunity both in lecture hall to the hostels. This is easy to start with just with N2000 naira, you can buy those items in small quantity from a wholesale at a cheaper rate and you retail it to the finer consumer at a moderate rate. This is a cool business to start with, the only stress is the stress of you carrying those load up and down, from hostel to lecture etc but trust me it will put smile on your face.
2. Airtime (recharge Card) business
Another business ideas for students is the recharge card business which is very lucrative, you can do it in two ways either buying directly from the sub dealer or you become a sub dealer.
While as a sub-dealer, its less capital intensive. You can start up on a small scale and increase subsequently as time goes on or you start up on a large scale and go higher with time. All you have to do is to buy the pins at a subsidised or reduced price from an authorised dealer and print, then resell.
Things you need as a sub dealer includes;
** Android Phone or Computer
** Email address
** Printer or you can go to any cyber cafe for printing.
** The recharge card pins you are to print which you’ll have to order or buy from a main dealer. as a subdealer you don’t vend the pins your self… I will be the one to vend then send to your email address,
Everything is already arranged in sequential manner
Date and time.
Everything is already there you just print out! staple and sell.
3. Writing Assignment and Project work
Assignment and project are daily routine of students and most at times they need to surf the internet, you can be of help and making money by doing students assignment. All you need is a computer, internet connection and a printer.
4. Sell Compiled past questions
It may look crazy but is very lucrative. Students don’t need stress so they will like to know how questions are set in the school then compiling them and making it available for them is a business idea too
5. Type setting, printing and photocopy
Are you a computer literate? Do you have computer training skills? Before you start school? If yes, you can’t be lacking in school cause you are now in a good business environment where the business can boom. Students type all the time, they print all the time and making photocopy is not left out.
Either you are a professional or amateur, photography is always good business in the campus as a lot of events take place in the campus. If you can even make it a studio you are blessed already.
7. Manicure and Pedicure Service
A lot of female students fix their nails. You can offer a home or hostel nail fixing service business at a moderate price.
8. Barbing Salon business
This can be done in two ways either you get your materials and start the work or go to a close by barbing shop and start working with them.
9. Hair Making
Another great way to make money while in school is making of hair, whether you are a male or lady, as long as you are skilled in it, it can generate income for you.
If you can sew good quality clothes, then you can start your own tailoring business. You can generate load of incomes from this on campus, just get your sewing machine and create awareness through social media.
11. Sales of food items and Snacks
It is also a good business in campus especially the snacks cause many students are lazy to cook and so they prefer snacks.
12. Sale of Kerosene
Especially schools that does not allow the usage of gas, electricity for cooking, you can begin to sell kerosene to students using stove.
13. Event Planning
If you are good in decoration stuffs, you can venture into event planning as they are usually weekend it won’t affect your academic.
14. Sale of dressing
It will be more profitable if it is female dress as they are fashion conscious compare to their male counterparts.
15. Sale of Artwork and Greetings Cards
Many students love beautification and you selling beautiful artworks is good business ideas coupled up with selling of greeting cards.
Baking is a very lucrative business in any school environment, because people love cakes, so if you are good at baking cake start immediately, you could even get a space within campus to showcase your pastries. You can bake birthday, wedding or anniversary cakes.
This is a very good business for students to launch, and it is highly recommended for all students as it can expose them to knowledge of wide range of ideas and topics. You can make money with it by blogging about interesting topics and meet peoples need. All you need is a laptop(phone) and access to blogspot.
18. Outdoor Catering Services
If you have knowledge of catering, you can start the business on campus as there are a lot of occasion you can offer your service and get paid.
19. Popcorn Business
Popping corn is also a good business on campus as you can earn a lot of money from it. All you need is the knowledge of popping corn and get your accessories and start.
20. Social Life
You may be amazed right? When I mean social life I am pointing at two major occupation which are Disco Jockey (DJ) and Master of Ceremony (MC)
If you can do any of these Friday night is for you and others activities and you will be paid for your service.
I believe this articles really help you, share this below with your friends.
How To Start Provision Store Business In Nigeria – 2021
One of the lucrative business you can ever engage in and make a big profit (although it may look unbelievable) is a provision store business which is a retail outlet that sales goods such as food items and others consumers goods. The business is a kind that you need to buy in bulk or small quantity from a wholesaler and you sell to the final consumer or you can be a wholesaler selling to retailers all depending on your capital and business strategies. In order to start the business you need to consider the following;
1. Research and Business Planning
One of the paramount tools for business strategies is research. You can start any business without making inquiries. Provision store business is not an exemption. Before you start the business you need to take some research work such as;
• How the business look like, like the step you have taken in surfing internet for it.
• What, where, whom and how to sell
• competitiveness in your area
• The price and associated retail price, so you will know whether it will be profitable.
After the research, You plan based on your discovery by drafting your business plan and decide how big you want your shop to be and capital involved.
2. Getting a Shop and Accessories
The next step is to get your shops in a place that you will have high profitability. Then construct your shop and equip it.
3. Purchasing Goods
After getting shop, you need to fill your shop with goods and commodity that your target consumer can patronize. Goods such as;
• food items
• cosmetics like soaps, body creams etc
• bags and packages
• Recharge card
• books and stationary
• cooking ingredients etc
In conclusion, as we know that capital is the possibility factor for the reality of a dream business. To start a provision store in Nigeria, if you have even less than ₦10,000 you can start in small scale but the bigger the capital the larger the business. With ₦100,000 you can start as a wholesale.
Don’t forget to share with your friends and Drop your Comments below.
How To Start Cooking Gas Business In Nigeria
Do you want to start your own Cooking Gas Supply Business In Nigeria and you don’t know how to? Today on this page I’ll be talking on how to start gas business in Nigeria and all you need to keep it running successfully both in rural and Urban environments.
Business Idea: How to Start Cooking Gas Supply Business in Nigeria
It is no longer news that advance in technology always make life easier, better and bring about new business ideas that are profitable to the entrepreneur that concur to such a new move. The use of firewood, charcoal, kerosene and diesel in cooking is gradually become labor of the ancient. The cooking gas is gaining ground and becoming a popular fuel for cooking due to the fact that gas is cheaper and cooks meal faster. With this fact, even rural areas have started succumbing to the ideas of using gas which make it supply marketable and profit maximizing.
Gas business is very profitable and you don’t need much to start the business, anyone one from any walk of life can embark on this business plan.
The profitability of this business can not be exaggerated because those gas companies, suppliers and retailers are making a lot of cool money from thus business and I know you don’t want to be left out. With the profitability therefore, you may want to start thus business but you are still asking questions like ‘ how can you start? What do you need to have before starting? ‘. Don’t panic, the answer to it all are here even the scripture says: who will want to build a tower and will not first sit down and count the cost? We are going to cover all that you need to know to start this business.
CAPITAL (start up capital)
For any business idea to become a reality, the capital will be a determinant. For a cooking gas supply business in Nigeria, according to experts and those already in the business, with #300, 000 – 500000, you can setup the business for a medium size and with these money you can get more than 15 to 20 cylinders, get a shop and also buy necessary product needed for the supply. Although money for rent varies from location depending on the high brow of that area.
LOCATION: Accessibility to Consumers
Your business should be located where you know that you have a high numbers of consumers and the location should be also accessible to your consumers. Like in my place (Otite, Okehi LGA, Kogi state) the cooking gas business in that place ( Yas Gas) make the students of FCE, Okene as his target consumers, so he locate it close to the school environment where he can get a good market target and this man is doing well because most of the students prefer using gas to kerosene. You too can make a market research and get a good market size to locate your business.
LOCATION: Proximity to Gas Supply Plant
Mind you, you are a retailer when it comes to gas business strategy and you need a wholesale: from the gas supply Station. Your proximity (closeness) to a cooking gas plant or station will ease and save money for transportation.
Their are some rudiments you must know before starting the business like you need to learn how to refill cylinder, transfer and change valves. These you can either learn from experienced retailers or depot for a period of about 6 months. You may choose to learn from those roadside retailers if you are smart enough.
After considering the above factors and you are ready enough you can now start the marketing process by having a good marketing strategies then buy those materials needed for the success of the business like;
• gas cylinder (preferably, 12. 5 kg about 15-20)
- long hose
- regulator/gas corks
- industrial scale
There are others things you can also consider as you start the business such as;
The Potential Risks In Cooking Gas Supply business and Precaution
No business without it setback and risk and the cooking gas business is not exclusive. The paramount risk is fire explosion which is due to the high inflammable nature of liquefied gas. To curtail this you should have a fire extinguisher in case of emergency and also check for leakage of cylinder constantly.
You can also experience the risk of government regulation, like increasing the price.
Consider Sales of Associate Accessories
To make your business unique especially in a competitive environment, you can add the sales of gas cylinder, burners, hoses, regulators etc
Consider Home Deliveries Service
Everyone like comfort, to give them the comfort and save them the stress of coming to shops to refill their gas cylinders, you can decide to be doing home Deliveries at higher cost.
Trustworthy and Faithfulness
I deliberately include this because this is the place where many business failed and collapsed, when you are not trustworthy with the scales and weigh you use, it will make you to loss customers. Weigh the price given to you don’t be after much gain through cheating.
Starting a cooking gas supply business has it peculiar challenges but with determination, diligent and discipline, putting the interest of the customers as the priority, it can make the business grow to give you the real income you desire.
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