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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mfon
MfonNewcomer
Asked: September 23, 20232023-09-23T06:09:03+00:00 2023-09-23T06:09:03+00:00In: Money & Business

Selling electronic materials, is it really profitable ?

Selling electronic materials, is it really profitable ?

Electronic is very important in every home,if start selling electronic materials I think it would be very profitable

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8 Answers

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  1. spencer
    spencer Enlightened Mentor
    2024-07-04T15:38:00+00:00Added an answer on July 4, 2024 at 3:38 pm

    When you understand the law of supply and demand it'll be easy for you to sell basically anything, if there's demand for what you want to sell then it'll be easier, so your work now is to test demands, find ways you can test suffs before you start selling them. If you confirm the demand is legit andRead more

    When you understand the law of supply and demand it’ll be easy for you to sell basically anything, if there’s demand for what you want to sell then it’ll be easier, so your work now is to test demands, find ways you can test suffs before you start selling them.

    If you confirm the demand is legit and you can find a way to make money from it then go ahead and start selling else find other ways to make your money.

     

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  2. Inem
    Inem Knowledge Seeker
    2023-09-23T07:58:52+00:00Added an answer on September 23, 2023 at 7:58 am

    Electronics has become almost like a basic part of every household. And so, selling electronics and electrical materials is a good business. It is location dependent though. It must be located in a place that you could find much households around because they are the ones that would patronize the buRead more

    Electronics has become almost like a basic part of every household. And so, selling electronics and electrical materials is a good business. It is location dependent though. It must be located in a place that you could find much households around because they are the ones that would patronize the business.

    There is a high demand for electrical materials because new houses need them installed while old houses need them replaced periodically.

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  3. Rimisha
    Rimisha Knowledge Seeker I am students and I am always eager to expand my knowledge and share it with others.✨
    2023-09-23T09:20:29+00:00Added an answer on September 23, 2023 at 9:20 am

    Yes, selling electronic materials can be profitable due to the high demand for electronics in homes and various industries. However, success depends on factors like market competition, product quality, pricing, and effective marketing strategies.💚

    Yes, selling electronic materials can be profitable due to the high demand for electronics in homes and various industries. However, success depends on factors like market competition, product quality, pricing, and effective marketing strategies.💚

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  4. Inem
    Inem Knowledge Seeker
    2025-08-15T20:28:58+00:00Added an answer on August 15, 2025 at 8:28 pm

    The business of selling electrical installations is a business that has the potential to make a person a millionaire in Nigeria in a matter of few years. With rapid urbanisation, that comes with a rise in new buildings and estates being developed across several Nigerian cities, that presents a uniquRead more

    The business of selling electrical installations is a business that has the potential to make a person a millionaire in Nigeria in a matter of few years. With rapid urbanisation, that comes with a rise in new buildings and estates being developed across several Nigerian cities, that presents a unique market segment for electrical installations and wirings.

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  5. Ramolak19
    Ramolak19 Knowledge Seeker
    2023-09-23T06:23:40+00:00Added an answer on September 23, 2023 at 6:23 am

    If managed properly, selling electronic content can be profitable. Electronic products are in high demand, which presents sales opportunity. And, because of competition and market developments, profit margins might change. To increase profitability, it is essential to take into account elements likeRead more

    If managed properly, selling electronic content can be profitable. Electronic products are in high demand, which presents sales opportunity. And, because of competition and market developments, profit margins might change.

    To increase profitability, it is essential to take into account elements like pricing, quality, and a targeted consumer base. Sales of electronic material can be greatly influenced by adaptability and intelligent marketing.

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  6. Inem
    Inem Knowledge Seeker
    2024-07-08T13:43:33+00:00Added an answer on July 8, 2024 at 1:43 pm

    If the original poster is implying selling electrical materials like wires, sockets and extensions, I would say without a doubt that it is very profitable. Every household needs this materials either as fresh needs for their housing or to revamp worn out electrical installations. If it is located inRead more

    If the original poster is implying selling electrical materials like wires, sockets and extensions, I would say without a doubt that it is very profitable. Every household needs this materials either as fresh needs for their housing or to revamp worn out electrical installations. If it is located in a busy location, one must always make a substantial amount of sales on a daily basis. Even power authorities can be buying electrical materials for installation from such an electrical shop. It is a very profitable business.

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  7. De Mogul
    De Mogul Expert Mind A student
    2025-08-15T22:04:43+00:00Added an answer on August 15, 2025 at 10:04 pm

    Selling of all kinds of building material is actually a very nice way of making money because it comes with a lot of profit. When it comes to electrical appliances you can make a lot of money but you have to stay in a very nice location where customers will see you. Going to the marketplace to lookRead more

    Selling of all kinds of building material is actually a very nice way of making money because it comes with a lot of profit.

    When it comes to electrical appliances you can make a lot of money but you have to stay in a very nice location where customers will see you.
    Going to the marketplace to look for a shop is a very nice idea.
    You also have to sell materials with great qualities because customers only trust you once when it comes to things like this

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  8. eldavis
    eldavis Enlightened Mentor Graphic designer
    2023-09-23T08:02:21+00:00Added an answer on September 23, 2023 at 8:02 am

    This is actually a very lucrative business to go into. I have a relative who sells house wares and other things, she makes more money on electronic than anything else. People these days prefer to buy new electronics than even repairing the old ones. There are so many new houses under construction atRead more

    This is actually a very lucrative business to go into. I have a relative who sells house wares and other things, she makes more money on electronic than anything else. People these days prefer to buy new electronics than even repairing the old ones. There are so many new houses under construction at the moment, these houses are in need of electronics to furnish their houses. These set of persons are potential customers for your business.

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