POS Abbreviation means Point of Sales has grown wide to provide income to Africans and the world.
Most people in the country have it, and it's mainly used in places like supermarkets, churches, barbershops, and business centers, and in running petty businesses and controlling some ventures.
Most Graduates in the country who have a mini capital and don't have work have stuck to the POS business as a source of income, and no doubt, the business has been helping and impacting the lives of the citizens.
It doesn't need millions of naira to run the business, just get at least 300k and the business will run smoothly.
Before moving to start a POS business I will review some certain secrets and the right way to go about it so that you can succeed in your business.
These are questions people ask when planning to run a POS business.
How much can I make when I start a POS business?
How much can I use to run this business if I start.?
Where can I get a better site to run my business without having any issues?
Can I make a living through this and how do I get the machine.?
How do I get Funds if am short on cash.?
The above are a few questions that those who are willing to make a profit ask frequently concerning this lucrative business.
Have you thought or asked yourself.. how much can I make as a POS (point of sales ) agent?
Are you confused that you might go broke along the line in the business?
Now hear this; point of sales(POS) makes
money depending on how much capital and sufficient funds you run daily basis, customers don't like to patronize an agent who doesn't have many funds that they want to withdraw.
When embarking on this business, just make sure you have a huge fund to start up to be on the safer side but if you have a little capital like 300k and below then you shouldn't expect huge income because the more money you use to run the business the more money you make.
Here are the things to consider before setting up a POS center.
1. Get a good location that has a multitude of crowds and has a good site where many people and the bank are a bit far from the area.
2. Get a signpost or a banner and place it around your visibility where you're doing your business and make sure you have a good network if possible have two POS machines, so that if one fails the other one can serve.
3. Make sure you have a table, chair where you will sit and nails get an umbrella, if possible if you have good money then get a kiosk and set up your business.
How much do I need before I can start this POS business??
Here is the breakdown of the money you need before you can start the POS business
POS Machine = 30k
Pos paper roll = 1k
Banner ( double) = 5k
Chair and table 8k
Paying for a space for the business is 10k but if you have a free space then you're good to go.
Now let's do the calculations 30k+1k+5k+8k+10k = 54k
This total summing above is the thing you need to set it up.
How much do I need to use and run the business?
After the expenses above, you will need at least a whopping sum of 200k to run this business.
What do I do about charges and what re my commission per withdrawal?
Ans: you are to charge 100 naira for 5k then calculate and you will realize that it's 20 naira per 1k, while the charges for each transaction that goes to the POS terminals are 7naira per a thousand transactions while some charge 5 naira as the case may be.
I believe we have severed you and cleared your doubt about this business, stick to our site for the latest update.
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