I made this post because of a question someone genuinely asked. He said, what business can one do in 2024?. This is my answer: POS business. I made a post long time ago when pos was just on the infant stage and many persons benefitted so much from that post. Fast further to this time when I made a video on POS business, someone said it is like pure water business, some said its like Recharge card business which can be seen on every street. Little did they know that this business is giving entrepreneurs.millions. I have seen a guy who bought trucks with his pos business. He is now in the business of supplying sand. Many other persons have opened many different businesses from this business idea. Business to do with 200k in 2024.
How to start pos business with 200k
Business to do with 200k in 2024
You may wonder, if it is indeed possible to start pos with this capital especially with the way Naira is going through devaluation. The answer is yes, people did start the business with as little as 50k. The most important thing is being consistent and knowing where to get money fast to serve customers. Talking about where to get money, you can get from filling stations, supermarkets, stores, traders etc. Just get a good relationship with persons who are transacting by receiving cash daily. Before now they used to exchange for free but the status quo has changed. You would be charge a little amount but in all you will still make profit. Assuming you are charged 1k for 200k for me it’s fair enough.
How much can I make from pos business with 200k capital
Lets say you are charging N200 for 10k transaction and you gave out the 200k for withdrawal. You will earn 4k, let’s see you transfered 20k same day you would have earn 5k. If you are able to do this like twice daily. When you take out expenses you would have earned not less than 10k daily. So the profit would be from 10k and above up to 50k if you are able to get money immediately when exhausted and have many persons who patronised you daily. You should be able to get at least 20 persons in a day depending on your location. That is why it is advisable to put your stand where you can be seen.
