Phone sales : A massive money making business.
Breathe!
Mobile phone is one of the most important gadgets in this twenty first century, if not the most important. It is being used across almost all countries. There is hardly a business which does not make use of mobile phone. Almost all businesses are being advertised online -both local and international businesses. You will be deemed unserious if you do not make use of a mobile phone for advertisement and contact for your business.
The rate at which phone is being bought is increasing everyday and it is certain that the rate will continue to increase. In the light of these, a lot of businessmen, businesswomen and firms have invested heavily into phone business. There are different phone products available : itel, tecno, Samsung, infinix, huawei,oppo, vivo, redmi and others left unmentioned. Phone sales has turn out to be a real money making business in Nigeria, especially in Lagos. It has efficiently reduced the rate of unemployment in the country.
Each phone companies now have over two hundred sales representatives over the country. Supervisors are assigned over a number of sales Representative and there are managers to oversee the supervisors. This structure is in place to ensure each worker is efficient and productive. It is structured such that a typical phone store would have a sales representative from each phone companies to advertise their available product. Each sales reps are given a monthly target to meet with bonus attached. This provides competition amongst the sales representatives leading to higher level of efficiency and productivity.
The sales of a particular product is dependent on the following
Credibility of the product
Publicity of the product
Period of warranty and
After sales services
To achieve publicity, phone companies has moved to advertise their products on televisions and social media. Bill boards are being made use of and they each have a popular celebrity to sponsor the product. In addition, each products run various promos, price slash, and give gifts on particular products.
In order to allow an average person and even the poor to own a mobile phone, some companies has been established to allow instalmental payments. Companies such as easybuy, opay and the likes has skyrocketed rate of phone sales and given room to the masses to get a phone of their choice. Also, these instalment or loan companies has employed people as representatives in each phone stores - another means of reducing unemployment.
What more? There are phone engineers who can repair various phones for customers. They do purchase phone parts and with technical skills replace spoilt phone parts. There are also accessories sellers who sell chargers, earpiece, battery, power bank, bluetooths and so on.
Now tell me, how will you not make money if you're into phone business? People buy phones everyday, repair phones and buy phone accessories everyday.
Phone sales is indeed a massive money making business!
