Since 2001, phones have become one of the most common means of communication in Nigeria, the rapid growth of phones among technology and company so an increase in demand. Barely you see anyone without a phone in Nigeria, therefore the widespread of phones cannot be misjudged. I remembered one of a family friend who gave a phone to his child of 7 or 8 years old, l was like at that age. Here you have to know that Nigeria is a place where you may likely say every man a cell phone.


Do u want to venture into phone business? Have you ever been in thought on how you can start a phone business; either a shop or company? Carefully read through every guides naira threads bring you, steps and estimates on how you can start a phone selling business.

Types of phones
There are lots of trends of phones and category people mob as it upgrades gradually. I remembered back in 2006, phones which are known as Java, Serbian etc where are on high demand in the market. At the start of 2009 and 2010 hence, the introduction of smartphones and tablets came into limelight, such as techno, Samsung, Infinix, Gionee, iPhone etc are now in further progression of their version in order to increase their market demand and keep their customers updated. Some of this phone also buy and sell at affordable rates.

Starting A Phone Business
Phone selling is a very lucrative business, which major or minor people endorsed in it also, you don't have to break a bank before you can venture into.

Consider A location: For Example in Nigeria, Computer Village like Ikeja Lagos is a booming location with lots competitors. You need to consider a troop in and out of passerby environment, because a solitary place may jeopardize your business. Invest in a strategic place. Sight up the location, make some proper research about the environment, the movement, and people that reside there. Get to know the behavior and the trend of people love using there. this will really help you to know the kind of phone products you can trade on, either smartphone, tablet or non smartphone. You should ask yourself can these people afford the products I will stock in my shop, can they operate it. That why you see some phone business sellers keep phones for months until the phone becomes outdated.

2. Capital To Start - your capital to start a phone business is highly required, initiating a phone business in Nigeria, it requires less or more capital to start, you can also start selling used phones and some new phones. You just need to be significantly firm in What that will help you meet the basic requirements for mobile phone selling business.

As regards to financial strength or buoyancy, getting started in the business is at the minimum of N200 000 in order to meet the height you will desire.

Here are means to get your capital
How to obtain a capital to start might be a challenge, they are other means you can Find money to fund your phone selling business.

• Savings- If you want to consider this business within a year, you can start saving from your recent job. Let's assume you start saving 5,000 monthly for a year, when added together you get a whooping N60 000.
• Borrow from family and friends- You can borrow the rest of the N160 000 from family and friends. Now you can borrow N8000 each from 10 family member and 10 friends, there you have a hit of N160, 000. Or better still, An N10 000 from 10 members of your family and an N10 000 from 10 friends, that a gasping of N200 000. You can do in other means with your N60 000 at hand, you can borrow to play safe with N20 000 from 5 members in the family and 20 000 from 2 friends. Make sure negotiating a regular amount you will pay, while you focus your pay on friends before family. 
• Consider A Loan- Approaching a loan firm today in Nigeria is Now easier and soft. You can get loans from major banks or firms like microfinance Banks such as LAPO microfinance, your community bank, for example, all towns in Anambra State has a microfinance Banks they operate on. You can also choose one that is more suitable to run. 

3. Consider The Quality Phones And Features- Make sure you know the features of the phones you want to sell, that can be marketable( as once explained on no. 1), if it's an outdated technology. if it is a used phone or new phone. Learn about more features on the phone you want to sell, check for a defect, The durability, the quality and the brand. It helps to keep you prepared for customers inquiries.


4. Consider Selling Phones Accessories- Accessories are additional technology or materials that accompany a phone or tablet such as charger, battery, power bank, cases and pouch etc. Accessories in your shop, you will make great deals of money. This item are less expensive and are also in high demand by phone user, for example, you can buy a charger at a wholesale for N100 and sell it at N500-N700, you will stand to gain more. You can buy phone all accessories for the minimum of N20, 000.

5. Consider finding A Possible Market Price- Importantly, there is a need to know a possible market price of a mobile phone which are in the market and their price tag. you can also make some research by visiting some local retail shops and make inquiries about how they sell their own phone(s), compute the list of the phones. Always make some survey to know the phone that is recently available in the market, both online internet research.

6. Consider advertising- Take your market away from a domain, use social media like Facebook, Instagram, Snapchat, LinkedIn, etc, describe your product and properties of the phone you want to market. Make some discount, negotiate with buyers online, create social media page or #tag to promote your phone business. You can also post your product on Tech blog forum online, for example, Craigslist(which has no charges), become a publisher where u post a product on the tech site.

You can also create a successive blog for free on blogger or WordPress(if you want to create a successful and responsive blog contact me here), and make money online.

Note: through this system, people can purchase lots of expensive phones which they cannot stand out the stress of going to shops, rather they will want it delivered at their doorstep.

7. Search Sources, Suppliers, and Distributors- You can get cheap phone to sell from manufacturing companies such as techno, Itel, Samsung, Nokia, Motorola etc which they have their outlet branches in Nigeria, e.g Abuja, Lagos, Portharcort, Ibadan, Aba, etc you can partner with them as an upcoming.

Some other outlet like SLOT where you can get some phones to your own shop. You can also get from online suppliers such as AliExpress.com,eBay, Craigslist, Alibaba.com. Also you can venture into Affiliate marketing with Konga, Jumia, Jiji.com etc they are the biggest Affiliate marketing in Nigeria you can sell and buy, and get some commission from them depending on how many phones have sold and prices. Otherwise, pawn store is good places you can buy with the intention to resell them.

Note: It is Better and advisable to buy phone offline than online, so as you can check the features and defect of the phones

8. Consider Commercial Places: Don't be so committed to a particular location, always check for a booming environment once you begin to make cool money. Consider getting an additional shop where you can transfer some of the products for easy marketing.

There some commercial place in Nigeria like Lagos (Oshodi, Ikeja, Ikotun etc), Portharcort, Anambra (Onitsha, Nnewi, Awka, Ekwulobia, etc), Akwa Ibom ( Uyo, Chob street, Ikot Ekpene), Abia(Aba), Imo( Owerri, Orlu etc) etc.

9. Consider Becoming An Authorized Phone Dealer- You Don't need a big or huge amount of money to get authorized. Get in contact with some mobile phone companies, write a proposal, well structured and convincing proposal. You can get someone good to help you write it or make some research online for samples proposal.

Create an appointment with the company for a meeting on your prospective business. Through this method, Some of this company might connect you to some phone distributors and you will turn out a big businessman.

Wrap Up
These guides are well explained for you to start your own phone selling business, it is very important you display your phones for your prospective buyers by placing them on show glass, create an attractive banner. Place some price tag on some expensive phone you wont like for bargaining on. With this few guides on how to start a profitable phone business, you will stand to be a successful businessman you have always dreamed off.