MOBILE MARKET STUDIES

A Step- By - Step Guide…

To Start Your Own Highly Profitable GSM SHOP Making Over N100,000 Income Monthly…Guaranteed!

Small businesses like GSM shop have been confirmed to be the most profitable business in Nigeria by a report from Mobile Business Update…
This week I’m exposing you to those little secrets that can help you turn GSM shop into money making business from little investment.

Have a plan:
A GSM shop is highly lucrative if you go about it the right way. That means if you have a plan. The best plan you can ever think of is all about stocking the right GSM products and a strategize plan on how to sell them at increased turnover rate. That would be your best plan and it’s only what will guarantee your profitability. Once you can set the right plan in place you have guaranteed your success.

are what formed the plan behind GSM shop success. You need to define all these in your plan. May be you don’t know, small businesses like these can generate between N100,000 to N1million monthly. However, your plan should take into consideration the level you plan to play. May be you should know now, GSM shop business can also import its own GSM products like we do. However, for a start up you can start by getting your stock from here while you grow your customer base then you can go into importing directly on your own.

Have some capital:
You need money to go into GSM shop business. Although, one can also venture into it without capital but that would technically depend on how you go about it. Let me leave that for now. But if you are going to succeed in GSM shop business you will need capital to start it. Some of the things you need to put into consideration in deciding your capital outlay includes, shop rent, furniture, and of course GSM products.
Also note that the amount of capital required would depend on the level of your start up. Most importantly, your capital should take care of your main item, the GSM products you plan to sell in your shop. A good start up capital should be between N100,000 to N1 million. But note that you will need an advice of a consultant to invest your capital wisely. Seek one and ensure you are guided before throwing away your capital the wrong way.

Got a shop?
How about that? Well, you need a shop. There are so many options you can choose from. In case you don’t know, a well located kiosk is good enough for your GSM shop if you have only retail as your strategy. A container too can serve as your shop. All these options are good especially if you don’t have enough capital. But I advice, don’t spend all your capital on renting a shop. Rather invest much of your capital on GSM products.

A simple well located shop will do. You should ensure that your shop is located where you can be easily accessed by your target customers. If possible locate around the location you have more of your target customer base. A good location should be easily accessible and enjoy better flow of traffic to encourage your customers with cars to be free to patronize you without giving it a second thought.

Stock up GSM product that sells like hot cake:
By now you should have decided how your shop is going to get stock, especially if you are going to stock unique GSM products. If you ask me what kind of product would make your GSM shop standout I would say those unique, not common and sometime hard-to-find GSM products. But your first primary concern should be your source of GSM products, especially if you are going for those unique GSM products.

There are some GSM shops you can get your stock from here in Nigeria if you don’t have money to import directly. It’s usually the best option for every start up until you are sure the product in fast moving before you jump into importation. Remember, the products that would make you more money are those products that are not common but are in good demand. I’m thinking beyond batteries and chargers.

GSM products like, mobile phone camera printer, Mobile diary, Akkufresh battery tuning, mobile alert, GSM internet sim card, booster free sim, phone-easy, SMS diary, shark-pod, etc. however, the list is inexhaustible. These are probably a few of them I can think of right now. As you get started you will soon be discovery others and even new once that nobody is presently selling in the country. The potential for GSM shop business can be giving you over N100,000 income if run well.

Do some publicity:
If you are going to make money with your GSM shop, people need to know that you exist, where you exist and what you have to offer them. That is where your publicity plan comes in. remember I told you that how you are going to sell your GSM products is one of the things you need to have in your plan. The question is how do people get to know what you are offering? I have an idea of what you need to do, advertise. Choose your own kind of advertising strategy. Don’t advertise the way big companies do. Choose cheaper but effective means of advertising. If you follow these steps religiously, I can assure you that you will build up a highly profitable GSM shop in your area.

This is one business you can set up even while you work and make money without being afraid of your shop attendants stealing your money. You can take advantage of the uniqueness of GSM shop business to be the first to explore the opportunity in this now in your area. Remember, the earlier the better. With the kind of profit one can make from GSM shop you may soon be considering leaving paid employment by the grace of God.