Having one stream of income is not advisable in this age and time, come to think of it…, how much are Government workers receiving as their salaries monthly? Every day the prices of things keep going up and you wonder if their salary can sustain the family. Not to mention their children’s school fees. My father built his house after retirement, that was the train then but it shouldn’t be so. To live a good life devoid of borrowing and reproach you must diversify. I see some persons operating only POS as their only business. Well! It is good but what a waste. There are several businesses you can add to POS Business But in this post, I will be writing about 5 businesses.
Here are 5 businesses you can add to POS Business
- Recharge card business
- Pure/bottled water
- Soft drinks
- Football accessories
Recharge card business may not give you plenty money but will certainly pay you well as accumulation will be enough to pay bills. Although you can use POS machine to print paper, it is not advisable to use it in printing N100 or N200 airtime because it will amount to waste of paper as the gains are not there. You can print N500 and above airtime with POS and you will make profit. Let’s assume you bought N10,000 airtime and sold all, you may likely make a profit of N600 from it.
Pure Water/bottled water business
Some persons become tasty even before they come to your shop and will not mind buying water to get some strength. Assuming, you bought water you may likely make profit of N500-N1,000. Apart from those who come to your shop for transactions passer-by will also stop by to buy water.It is ideal to sell both sachet and bottle water so you can accommodate everybody.
Another of the 5 Businesses you can add to POS Business is Soft drink
Believe you me, if you add this to your POS business you will be smiling home every day. This is because it will give you daily income. For everyone bottle of soft drink sold you make profit. Yes, profit is added to one bottle of drink you buy. Let’s assume you bought 5 crates; you may make 400 for each package N400 multiply by 5 =#2,000. You can sell in packs just as they are package. I have already written a post on how to start soft drink business in Nigeria.
Another of the 5 businesses you can add to POS business is snacks. A lot of people like taking snack, so your customers will be happy to patronize you. Make arrangement with a producer to be supplying you snacks on a daily basis. But you have to order for the particular snack that is consumed most in your environment. The ones mostly consumed are; chin chin, egg roll, peanut, buns, doughnut etc.
To make some few coins apart from POS add football accessories. Many people have become obsessed with their club and will buy any accessories with the name of the club they like or the player they love. To represent your club, you have to wear either hand band, T-shirt, cap, scarf etc. Good enough these items are not sold everywhere only but few persons deal on it so you are sure of good sales.
Apart from the above 5 businesses you can add to POS business as mentioned above there are many other businesses you can add. How about selling of perfumes, handkerchiefs, nuts etc.?