Have you ever thought about starting a phone accessory business in Nigeria? With over 90 percent of Nigerians owning a mobile phone—whether it’s an Android, Mac, or iOS device—this venture presents a lucrative opportunity. Mobile phones are widely used for calls, texts, and internet browsing, making the phone accessory market one of the most profitable sectors in the country. So, how can you get started?
Cost of Starting a Phone Accessory Business in Nigeria (2025)
Starting a phone accessory business in Nigeria is relatively affordable compared to other ventures. However, every business requires some level of capital. Here’s a breakdown of the essential costs you need to consider:
- Shop Rental: Budget between ₦50,000 and ₦100,000.
- Furniture for the Shop: Expect to spend around ₦40,000 to ₦60,000 for essentials like chairs, tables, and display cases.
- Inventory of Accessories: Initial stock can start from ₦30,000 and up, depending on the scale of your business.
In total, if you aim for a small-scale retail operation, you might need around ₦200,000 to launch. For a larger retail setup, an investment of at least ₦500,000 would be required.
The Opportunity for a Phone Accessories Business in Nigeria
Nigeria boasts a population exceeding 200 million people. Since mobile phones entered the Nigerian market in 2001, the number of internet users has dramatically increased, with over 100 million Nigerians now owning mobile devices. This growth indicates a substantial market for phone accessories.
Take a look around your neighborhood. The number of people using mobile phones suggests a consistent demand for accessories like chargers, earpieces, batteries, and more. By establishing a phone accessory business, you can fulfill these needs in your community.
What to Sell in Your Business
You may be wondering what types of products to offer in your phone accessory business. Here’s a straightforward list of potential items to sell:
- Memory cards
- Power banks
- Bluetooth speakers
- USB flash drives (OTG)
- Phone pouches and screen guards
- Wireless and corded chargers
- Wireless and corded earphones
- Phone holders (table and car)
- Solar chargers
- Headphones (corded and Bluetooth)
- Wearable fitness trackers
- Smart wristwatches
To start, focus on essential items like chargers, earbuds, and screen protectors. As your business grows, you can expand your inventory to include other accessories that may attract customers.
How to Start a Phone Accessories Business in Nigeria
Now that you understand the financial requirements and product offerings, let’s dive into the steps to launch your phone accessory business:
Step 1: Develop a Business Plan and Conduct a Feasibility Study
Many entrepreneurs overlook the importance of a solid business plan and feasibility study. A feasibility study provides insights into the market, identifies potential customers, and analyzes competitors. This research will also help you determine the necessary funding and effective marketing strategies. A comprehensive study leads to a robust business plan, which acts as your roadmap and can attract investors.
Step 2: Secure a Store Location
While having a physical store is beneficial, it’s not mandatory. Some entrepreneurs opt to sell online or operate a mobile shop. If you choose a physical location, ensure it’s in a high-traffic area that’s safe and accessible to customers.
Step 3: Find Reliable Suppliers
Since the phone accessory business relies on third-party products, it’s crucial to partner with dependable suppliers who can deliver quality items punctually. Your feasibility study should help you identify potential suppliers who can provide credit terms when necessary.
Step 4: Promote Your Business
To maximize your earnings in this profitable sector, effective marketing is essential. Use various channels such as banners, social media, and word-of-mouth to spread the word about your new business. The more exposure you gain, the easier it will be to grow your customer base.
Conclusion
This article outlines the essential steps to start a phone accessory business in Nigeria. With the right planning, location, and marketing strategies, you can tap into this thriving market. We hope you now have a clearer understanding of how to begin your business journey in this lucrative field. Good luck!
