Nairaland traderz,
Just like in UK or US where they have $1 or £1 shops......Is it possible to have a N500, N200 or N100 shop chain in Nigeria where every item is packaged and sold for that specific amount?
If I have the means (funds) I will give it a try.

What do you guys think?

It's possible but not N500 cos most items value more than that unless you want to sell only pepper and tomatoes.

^^^
It is not about pepper and tomatoes.

I mentioned N500 as an example. It can be N1000 or as you wish.
1. It is just a marketing strategy to create a niche.
2. The fixed price tag is the same for all items.
3. The items in the shop are specially packaged or repacked to approximately fit the fixed price tag.
4. The items could be attract a particular market audience.
5. The items can be aimed at satisfying specific market needs.
6. No need for price haggles or discounts.
7. It can easily be turned into bonanza sales. The turnover (volume of sales could be high)
8. It creates curiosity in customers as they would want to check and find out what and what items have that fixed price tag.

There are more that can be benefited from this.

If you think this is an idea and you have a business plan for it, then visit www.businessdens.com and see if they can help you find someone in Nigeria looking to investing money to a business idea.

@op
if you go wholesale in purchasing your products,
you will be sure to get a discount on your items
The next thing you have to look at will be the cost of shipping the items into the country
no matter what that cost adds to the overall expense

you need to take into consideration other expenses too

in a nut shell,do you intend to make any profit at all?

Good idea but you need to look at the bigger pic
good luck

im interested in this business idea.where about are you located? we could jointly invest in this idea if you are credible.i can bring in my knowledge and experience in European market.

Note:
in the 1 euros shop,not all products are sold on a profit. some go on zero profit but they always complement with other products that might be sold on over 100%-200% profit.so i know its a good idea.

question: ^^^
It is not about pepper and tomatoes.

I mentioned N500 as an example. It can be N1000 or as you wish.
1. It is just a marketing strategy to create a niche.
2. The fixed price tag is the same for all items.
3. The items in the shop are specially packaged or repacked to approximately fit the fixed price tag.
4. The items could be attract a particular market audience.
5. The items can be aimed at satisfying specific market needs.
6. No need for price haggles or discounts.
7. It can easily be turned into bonanza sales. The turnover (volume of sales could be high)
8. It creates curiosity in customers as they would want to check and find out what and what items have that fixed price tag.

There are more that can be benefited from this.

There's one already in lagos, at Maryland.

I've shopped there once, 2 years ago. Everything sold for 1K or so. Not sure anymore