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How To Start Electrical Shop Business In Nigeria

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How To Start Electrical Shop Business In Nigeria

Rent a Store

The next step is to rent a store. You need to find a location that is not too expensive and not too far from your suppliers, but still within reach of your customers.

When you have chosen the right spot, go to the local government and register your business. Get a business name as well as an official certificate of incorporation.

Decide whether to sell electrical materials, appliances or both.

Once you have a business plan, it is time to decide whether you want to sell electrical materials, appliances or both. Electrical materials are wires, switches, sockets and other products that help in the construction of electrical installations. On the other hand, electrical appliances include fans, lights and inverters etc.

For starters, deciding on selling just one type of product might be easier because it would save you money on having an inventory when starting out. But if you have enough capital then it’s advisable to start with both types so as not limit your potential market in any way.

Get the necessary licenses and permits.

  • Get the necessary licenses and permits.
  • Register your business with the Corporate Affairs Commission (CAC) in Nigeria, which will help you to get a tax identification number.
  • Register your company under the Companies and Allied Matters Act 1990, which will give you all legal rights to carry out business activities in Nigeria.* Get a trademark if you want to start an electrical shop business in Nigeria.* Apply for an import license if you plan on importing goods into Nigeria.

Get your stock.

Get your stock:

You’ll need to buy a list of items you want to sell. Make sure to get a list of suppliers and their contact details, as well as the prices for each item and the best places/times to buy them if applicable.

Create a good relationship with suppliers.

Another step to starting your own electrical shop business is creating a good relationship with suppliers. As an entrepreneur, you need to know a lot of suppliers and should buy from the best ones in town. Your suppliers are your partners so you have to be honest and fair with them. You need to keep your word on payments and pay on time; this will help both parties avoid unnecessary problems.

Set up an online store.

  • Choose your ecommerce platform
  • Design your online store
  • Add products
  • Setup payment and shipping options, as well as any other necessary options (such as accounting). You can use a multi-vendor marketplaces like Amazon or eBay to help with this step.
  • Launch your store.

Use social media to advertise your business.

Social media, such as Facebook and Instagram, can be used to advertise your business. You should create a page for your business on these sites and use them regularly to share content about your company.

  • Facebook: Create a page for your company and post updates that are relevant to the industry you’re in. If possible, pay to promote certain posts so that they reach more people.
  • Instagram: Create an account for your business and post pictures of projects you have worked on or items related to the industry you operate in (such as electrical equipment). Once again, if necessary, consider paying to promote specific posts so they reach more people than just those who have liked or followed you already.
  • Twitter: Sign up for Twitter using a professional-sounding username – something like james_electricals would work well here – then start tweeting about what’s going on in the electrical world at large! You might also want to consider setting up an auto-posting tool such as Hootsuite so that tweets go out automatically when new content is uploaded onto other social media platforms such as Facebook or YouTube; this way all your followers will always know what’s happening with their favourite brands without having

These are the steps you need to take to start an electrical shop business in Nigeria

Opening an Electrical Shop Business in Nigeria is a good business idea for you. The demand for electrical materials, appliances and services is high in Nigeria. The country has steady power supply and large population with wide range of income groups. Energy consumption of Nigeria is over 70% oil based and the country imports over $11 billion worth of electrical material annually. In addition to this, the Nigerian government has set up policies that encourage domestic production of electrical materials by promoting local manufacturing at the lower end of value chain which offers opportunities for investors who want to start an electrical shop business in Nigeria.

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