The
business started on the 11th day of February, 2013 with the total
sum of Two Hundred Thousand Naira Only (N200, 000.00). Although the capital
amount was not wholly put on recharge cards purchase. Because of logistics and
miscellaneous expenses, part of the capital was used in purchasing the
following items:
S/N
|
Items
|
Unit
|
Cost Per Unit (
|
Total Cost (
|
Grand Total (
|
1.
|
Plastic
table
|
1
|
2000
|
2000
|
5,000
|
2.
|
Plastic
stool
|
2
|
500
|
1000
|
|
3.
|
MTN
business umbrella
|
1
|
1500
|
1500
|
|
4.
|
Business
handbag
|
1
|
500
|
500
|
From
the above, the total cost spent on logistics was Five Thousand Naira Only (N5, 000.00) and Seven Thousand Six Hundred
and Seventy Naira Only (N7, 670.00) was
for miscellaneous expenses, whereas One Hundred and Eighty Seven Thousand Three
Hundred and Thirty Naira Only (N187, 330.00)
was used for cards purchase. The analysis of which is tabulated below:
Card/Network Type: MTN
S/N
|
Denomination (
|
Purchase Unit Bundle
|
Purchase Cost Per Bundle (
|
Total Cost for Bundles (
|
Retail Price Profit (
|
1.
|
1500
|
4
|
14,400
|
14,400X4=57,600
|
600x4=2,400
|
2.
|
750
|
4
|
7,200
|
7200x4=28,800
|
300x4=1,200
|
3.
|
400
|
4
|
3,820
|
3,820x4=15,280
|
180x4=720
|
4.
|
200
|
5
|
1920
|
1,920x5=9,600
|
80x5=400
|
5.
|
100
|
5
|
960
|
960x5=4,800
|
40x5=200
|
Total
|
116,080
|
4,920
|
|||
Card/Network Type: GLO
1.
|
1000
|
4
|
9,500
|
9,500x4=38,000
|
500x4=2000
|
2.
|
500
|
4
|
4,750
|
4,750x4=19,000
|
250x4=1000
|
3.
|
200
|
5
|
1,900
|
1,900x5=9,500
|
100x5=500
|
4
|
100
|
5
|
950
|
950x5=4,750
|
50x5=250
|
Grand Total
|
71,250
|
3,750
|
|||
Grand
Total for cards purchase from above tables is: N187, 330.00.
From
the analysis above, it is expected that I could make a profit of Eight Thousand
Six Hundred and Seventy Naira Only (N8,
670.00) on one purchase after sell-off. However, I make Three Hundred Naira (N300) or above every day from the business
now. This is dependent on the time of sell-off. It could take some weeks or
months depending on market demand.
Therefore,
the business is progressively going in profit. In this business, there is less
risk to anticipate except on the occasions of theft by robbers/criminals or
losses of any other kind which are rarely encountered.
Note that this is for a small starter, you can make more money depending on your effort as a business person.
Note that this is for a small starter, you can make more money depending on your effort as a business person.
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