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Make 100k monthly from phone changing business - Business - Nairaland

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Make 100k monthly from phone changing business by onyebezie500(m): 10:57am On Jul 23, 2021
You know, the word ‘epileptic’ might mean something in the medical field but not in Nigeria. Here, it is associated with power supply because light comes any time and goes at its earliest convenience grin. There is not one state in the republic that has once received up to 48 hours straight of electricity to this day. As a result, problems arises, and one of the major problems is phone batteries getting drained, which is where the phone charging business comes in.

As the business doesn’t require much, it could be in a small shop or container, like one of those MTN kiosks. Pay close attention to the price of rent or shop, if it’s around fifty to ninety thousand Naira that is optimum but if we are talking about two hundred to three hundred thousand then don’t consider it because it will cut deep into your profit margin. A small generator will suffice. Though, one could be creative and use solar panels for power instead of a generator. Solar just costs much in setting up but it would be a worthy investment when you consider the price of fuel and even better you wouldn’t be in need of PHCN.

This phone charging business is an everyday business, if one must close the shop for any reason then it mustn’t be for long. Selling recharge cards along with charging of phones, it easily attracts customers in huge numbers and will serve as an extra source of income.

FINDING A SUITABLE LOCATION

It is best located in busy areas, like a marketplace, or a busy bus stop. Where there are a lot of people most especially businessmen, because some of them move far from home to sell and hawk goods, especially those their businesses doesn’t require electricity so they don’t have generators, they are left with no choice but to charge their phones for money. Sometimes households also bring their phones to charge due to lack of power in their area.

SECURITY OF THE PLACE

Take security precautions very seriously because these are someone else’s belongings, insert more than two locks for the shop, and they should be heavy locks. Close the shop when you are around do not trust the watchful eyes of your neighbors, phone jackers are smarter than any of your neighbor could be.

HOW PHONE CHARGING BUSINESS WORKS

You will be dealing mostly with phone batteries than the phones themselves, although you will get to be charging phones but not as many as the batteries. So there should be a lot more universal chargers than phone chargers, and when getting your chargers get the ones with multiple heads or multi-function chargers because it’s advantageous, you could charge two phones with it at the same time. Take note most people don’t like the use of universal battery chargers because it damages batteries. So, when a customer brings a phone, make sure it goes to a phone charger not a universal battery charger.



Next, you will be needing a flat surface to place the phones and batteries. A counter around the shop sockets in each place will do and, it’s not like you are trying to be a provision store where most counters are so high up in the shop you need ladders to bring stuff down.

Put your counters at a comfortable height, you could place another row below it and so on. Or you could ask for.....

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