Start a Profitable Phone Accessories Business in Nigeria with Less Than ₦1 Million

Starting a phone accessories business in Nigeria with less than ₦1 million is not only possible, it’s a smart and practical opportunity. With millions of smartphone users across the country constantly needing cases, chargers, screen protectors, earphones, and power banks, the demand is steady and recurring.

Unlike many businesses that require large spaces, expensive equipment, or complex licenses, this venture can begin from your home, a small stall, or even entirely online. The key is to start lean, focus on fast-moving items, and prioritize quality over quantity.

Why a Phone Accessories Business Makes Perfect Sense in Nigeria

In a country where over 170 million people rely on smartphones daily, the demand for cases, chargers, screen protectors, and power banks is constant. Phones get dropped, batteries degrade, cables snap, and customers keep coming back.

Best of all? You don’t need deep pockets or a physical store to get started. With less than ₦1 million, you can build a lean, agile, and highly profitable accessories business.

Step 1: Define Your Niche and Target Customers

Your capital is precious—spend it where it matters most:

₦450,000–₦500,000: Initial inventory (focus on fast-moving, universal items like USB-C cables, tempered glass for top phone models, basic cases, and small power banks).
₦60,000: Simple branding (logo, stickers, packaging).
₦120,000: Online presence & sales (Instagram/Facebook ads, product photography, WhatsApp catalog setup).
₦120,000: Operations (delivery fees, POS device, home storage, packaging supplies).
₦70,000–₦100,000: Contingency buffer for unexpected costs or quick restocks.

Step 3: Source Quality Products Without Getting Scammed

Head to trusted hubs like Computer Village (Lagos) or Alaba International, but always inspect samples first. Avoid ultra-cheap items that break in days; they ruin your reputation. Start small: stock 3–5 best-selling accessories for 2–3 popular phone models (e.g., iPhone 14/15, Samsung S23, Tecno Spark). Build relationships with 1–2 reliable suppliers so you can reorder quickly as your sales increase.

Step 4: Build Your Brand—Even on a Budget

You don’t need a fancy logo agency. Use free tools like Canva to design a clean logo and create branded stickers for your packaging. A professional look, even on a simple poly bag, builds instant trust. Consistency in your colors, tone, and product photos makes your business memorable.

Step 5: Sell Where Nigerians Shop: Instagram & WhatsApp

Forget expensive websites for now. Set up a business Instagram page with high-quality photos (natural light + real phones = perfect shots). Use Instagram Shopping or a WhatsApp catalog to showcase products. Enable quick replies, post daily, and run small targeted ads (start with ₦2,000–₦5,000/day).

WhatsApp is your customer service hub. Respond fast, confirm orders clearly, and send delivery updates. You can also rent a low-budget shop to showcase your goods for a start, while you aim for a bigger shop as the business expands.

Step 6: Price for Profit and Offer Smart Bundles

Always calculate your true cost (product + delivery + packaging). Aim for at least 50% markup. Example: Buy a screen protector for ₦800 → sell for ₦1,800. Boost average order value with bundles:

“Case + Screen Protector = ₦2,500”
“Add a 10,000mAh Power Bank for ₦6,500”
Customers love deals, and you move more inventory faster.

Step 7: Deliver Reliably and Build Loyalty

Partner with trusted delivery services like GIG Logistics or Max.ng. Include delivery cost in your price or charge a small flat fee. Always follow up after delivery: “Did your order arrive safely?” A quick check builds huge goodwill. Reward repeat buyers with a ₦200 discount or early access to new stock—loyal customers become your best marketers.

ALSO READ How to Start an Online Store in Nigeria (With Less Than ₦1 Million) and Make Real Money

You’re Ready to Launch—Start Small, Sell Fast, Scale Smart

With under ₦1 million, discipline, and a customer-first mindset, your phone accessories business can generate consistent weekly profits within 60–90 days. Don’t wait for perfection. Buy your first batch, post your first product, and make your first sale this week. In Nigeria’s booming mobile market, opportunity isn’t coming; it’s already here. All you need to do is plug in.