Computer accessories business is a business anyone can start easily like provision shops we do have around the corners.
It does not require any special skills. In this post, we are going to give you a full guide on how to start the business and scale in time.
1. What are computer accessories
First of all, you need to understand what the business is all about and what should be your expectations.
When one is talking about computer accessories, your mind should go to the following:
- External Drives.
- All-In-One Printers
- You get the idea.
2. Why you should go into computer accessories business
Just take a moment and think of the number of people that have a computer or laptop.
If my estimates are accurate — 1.2 billion Windows PCs worldwide. In Nigeria, we are not left behind. Many are using PCs as well in Nigeria and because they do, they will surely need the accessories.
The second reason why you should go into computer accessories business is that the business is indeed a lucrative business. It booms like phone accessories business. You can get up to 50% gain on each product you sell.
3. Step by step on how to start computer accessories business
To get started with this kind of business, you need to follow the following steps.
A. Get acquainted with the filed
If you are new in a town, you need to ask for direction from people that are living there. The same thing goes with this type of business. You need to get acquainted with the field. How you may ask.
Get someone that has been in the field and get some vital information from him/her. This includes getting to know where to buy your goods from, the products that move fast, the risk involved in the business, etc …
B. Get a suitable location
Computer accessories business requires a suitable place to sell fast. You don’t want to get your shop in an isolated place rather a place where people pass frequently. Even if the shop is expensive (not too expensive though), it worth it before you’re going to get a return on your investment.
c. Register your business
The registration of your business is vital because as you know it gives you more credibility. Imagine someone outside your location that want to buy your goods, the person will feel comfortable paying into your business account instead of your personal account.
Don’t miss out on selling to more people outside your location
D. Get your computer accessories into your shop
After getting the required information on where to buy your products, get your first goods.
4. The capital required to start a computer accessories business
For a good start, you can begin with 500.000 naira. If you have more than that, it is for your own good. With such amount, you can get a shop of 50.000 and get your first goods, setup the place with 30.000 naira. The rest can be used to buy goods.
keep in mind your location will determine the initial capital required.
5. The Skill needed
What skill is needed in computer accessories business? Obviously, need to know how to operate a computer, not just at a beginner level.
Why is this important? Let us say you have a client that buys a software from you and want you to help him install it on his computer, how would you go about that? If you don’t know how to do it, they will likely be patronizing your competitors that know how to go about.
The alternative to this issue is to hire someone that knows how to go about those technical related issues.
The second skill is being a “good salesperson“.
6. How to get your first sale
We believe you have friends, inform them. Don’t underestimate mouth to ear marketing, it will surely give you some sales.
Start posting your goods on Whatsapp status; people make a significant amount of money using that medium.
7. How to scale your computer accessories business
To scale your business, you need to reach other customers that are online. The world is going digital and you need to follow the trend before you get crushed by your competitor.
You might need a website and start some online marketing. This will surely bring more customers which means more money.
Also, don’t forget, people that buy from you have friends and relatives that they will surely refer to you in time.
8. How much profit you can make
Computer accessories business is a profitable business that I will recommend you go into. Let say in day you are making a sale of 30.000 daily, at least 5.000 can be your profit if not more than that. In a month you will be making 5000 times 30 for a monthly profit of 150.000 naira. I guess it is not bad for a start.
Life is all about making choices and taking vital decisions. Starting something is better than hoping. Computer accessories business is a lucrative business in Nigeria. People do buy computers on a daily basis and so they need your business to start buying its accessories. Will you be there to fill the need in the market?