Over 95% of average Nigerians currently make use of mobile phones and its accessories, creating profitable opportunities for anyone venturing into phone accessories business.
In this article, I’ve covered everything you need to start phone Accessories business in Nigeria. That includes; phone accessories business opportunities in Nigeria, list of phone accessories to sell in Nigeria, how to start phone accessories business in Nigeria, cost of starting phone accessory business and how profitable phone accessories business is in Nigeria. So if you are looking to start phone accessories business in Nigeria, look no further. This post is just what you need.
There is an increase in the use of phones with its accessories in this 21st century as a result of technological advancement. This technological advancement has created many business opportunities. One of such businesses opportunities is the sale of phone accessories.
Phone accessories are important components of mobile phones and there are many phone accessories distributors trying to push phone accessories into the Nigeria market.
Interestingly, I have shown you on this site some of those mobile phone accessories distributors and the popular mobile phone accessories you can sell in Nigeria. But for sake of emphasis, I have listed some of those phone accessories below. You can choose to start your phone accessories business with our list of phone accessories or look around your vicinity to see the nature of phones the people use. The secret success to phone accessories business lies on selling the accessories of those popular phones.
Phone accessories business is a lucrative business because of millions of mobile phone users in Nigeria. About 226.84 million Nigerians are currently phone users or subscribers. And for most phones such Infinix, Redmi, Itel, Gionee, Samsung, TECNO, Galaxy, Ella’s OPPO etc.; their accessories are available in the market.
Phone Accessories business Opportunities in Nigeria
Sell of phone accessories in Nigeria is one the profitable business one can venture into.
The demand for phone accessories is very high especially in developing countries like Nigeria where an average man will prefer repairing the damaged component of his phone rather than buying a new mobile phone. Those who started phone accessories business earlier have made it. But, the opportunities in phone accessories industry is still wide open as there are newly emerging phone manufacturing companies.
You can choose to join the business as a distributor, sub-distributor or retailer. It all depends on your capital. You can buy phone accessories in bulk in places like Lagos Nigeria, Onitsha, Port Harcourt and so on if you’re going into the business as sub-distributor or retailer
Today, I’ll show you list of phone accessories to sell in Nigeria. And then, I’ll move further to show you how to start phone accessories business in Nigeria and how profitable phone accessories business is. I’ll also add the cost of starting phone accessories business in Nigeria and finally frequently asked questions on phone accessories business.
But before I continue, it might interest you to know that we render expert business proposal services including phone accessories business plan. Feel free to contact us if you need a business plan on phone accessories business. Our award winning business plan expert will surely deliver to you the best business plan on phone accessories business.
List of Phone Accessories to sell in Nigeria
Phone accessories you can sell are many. Some of the list of popular phone accessories to sell in Nigeria includes:
- Phone batteries
- Phone battery chargers
- Phone jackets
- Memory cards
- USB cable
- Charging ports
- Phone screens
- Screen guard
- Packs and covers
Read also: 10 most popular mobile phones in Nigeria
Now that you’re equipped with list of phone accessories you can sell in Nigeria, let look at how to start phone accessories business in Nigeria.
How to Start Phone Accessories Business in Nigeria (2024)
The following are steps to start phone accessories business in Nigeria:
Decide if phone accessories business is for you
The first step towards starting a mobile phone accessories business is to decide if phone accessories business is for you. It is true that anybody can start phone accessories business but only a few people succeed in the business. You need to be sure you have passion for this business, and that you’re knowledgeable in use and sale of mobile phone accessories.
Why most people fail in phone accessories business is because they are not passionate about it. So, be sure you like the business and are determined to forge ahead even when the business seems not to be yielding high profit.
Study phone accessories market
Second step is to Study the market for phone accessories business. Find out how many people that are already into the mobile phone accessories business in your locality and what they are doing. Are they high competition in mobile phone accessories business around your locality? What gap do think you can fill in the business?
One thing you have to know is that competition is a healthy factor for any successful business. So, don’t think of running away from competition but rather leverage it to grow your customer base.
Proper studying of the market for mobile phone accessories business can help you evaluate the strengths and weakness of your competitors and then, the gap you need to fill make money.
Draft a business plan
Next step is to draft a phone accessory business plan. It is often said that he who fails to plan, plan to fail. Your business plan is a road map to your mobile phone accessories business and therefore you must draft one.
Drafting a business plan before starting a business has many advantages such as:
- With it, you can source for capital for phone accessories business
- It will help you see the end of your phone accessories business from the beginning
- It will serve as a blueprint for your business
- It will help you solve a lot of problems emanating from the business.
Get our Business Plan for Mobile phone Accessories & spare parts, today to get started with your phone accessories business journey.
Rent a shop
Renting a shop in good location is another step to starting profitable mobile phone accessories business in Nigeria.
One of the things to consider when starting a mobile phone accessory business is the business location. Your business location is highly crucial to the success of your business. When renting a shop for your mobile phone accessories business, consider renting;
- A high traffic location.
- Close to mobile phone repair parts business dealers.
- Close to mobile phone dealers (marketers of new and fairly used phones).
- Close to other mobile phone accessories dealers.
- Near high institutions, universities and offices outside other busy areas.
Register your business name
Register your business name if you want to grow and expand your mobile phone accessories business. Registering your business will help distinguish your mobile phone accessories business from any other mobile phone accessories dealers in your location or around your locality.
Your business can be short-circuited if you fail to register. Even if you didn’t register the business at the onset, may be due to your financial constraint; ensure you factor it in your budget. You can always do the registration later. But try to do that earlier because your competitor can register the business you’ve work hard to grow over years and take you out of the business.
The appropriate commission you can register your business in Nigeria is CAC, and get your registration certificate
Buy mobile phone accessories
Buying phone accessories is an important step you need to take.
To make high profit in this business, you need to buy mobile accessories directly from manufacturers or mobile phone accessories wholesale dealers. If you are in Nigeria, you can buy from the computer village in Lagos, Alaba market in Ikeja, Jumia online, and Samsung online for Samsung mobile phones accessories.
Just as there are many mobile phones in the market, there are also many mobile phone accessories manufacturers. Scan for all of them online and offline for better result.
You can stock your phone accessories store with varieties phone accessories. The best is to start with the phone accessories of commonly used phones in Nigeria like accessories of Infinix phones, TECNO phones, Redmi phones, Samsung phones, etc.
Launch your mobile phones accessories business
Ready to start! Get started with the phone accessories business. There are many people who wish to start this business but never started it. Probably, they are afraid of failing. One thing you should know is that failure is only an option.
Doing business is a risk venture and only those that have gut can venture into business, it doesn’t matter the type or nature of the business. So, no need to start. Stop hesitating whether to start or not; make up your mind to start. When you start, you can always learn on the field.
Promote your phone accessories business
Finally, you need to promote your mobile phone accessories business. No business has ever succeeded without advertisement and promotion. So, it is important you don’t ignore this.
You can promote your phone accessories business in the following ways:
- By creating create a web presence for your business by designing a website for your business.
- Through social media platform such Facebook, Instagram, Twitter etc.
- Through running advertisement through Google
Again as a form of promotion; print fryers, posters, handbills and share to people around your business location. Design sign posts or sign boards that tell people more of your business.
Cost of Starting Phone Accessories Business in Nigeria
The capital requirement for starting mobile phone accessories business in Nigeria may vary slightly depending on your locality.
The sum of N700, 000 will be enough for starting the business in a small scale, however if you’re to start phone accessories in large scale, you’ll have to increase your budget to at least N7, 000,000.
The best approach is to start from small to medium scale and then watch the business grow to a large scale. However, it all depends on your financial capacity.
Is Phone Accessories Business profitable in Nigeria?
Yes. You can be making profit of N1,000 selling a single phone accessories that you bought for N2000 if you discover a strategic location with less competition and high traffics. With this, you can build a profitable business selling mobile phone accessories within a space of time.
FAQs on Phone Accessories Business
Where can I get Phone Accessories Distributors?
You’ll see Phone Accessories Distributors in our list of wholesaler mobile phone accessories distributors or scan for one that is close to your locality.
Where can I buy phone accessories online?
You can buy phone accessories online from the following store:
What are the most popular cell phone accessories?
The most popular phone accessories include batteries, battery chargers, mobile phone repair parts, phone jackets and cover, memory card, USB cable, modem, earpiece, charging port and wired headphones.
Feel free to ask your questions on phone accessories business in Nigeria using the comment box below.