Steemit Engagement Challenge Contest 1 | Business review in your city- Jumason Electronics

in hive-120861 •  3 years ago  (edited)

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Good day dear entrepreneurs, this is my second entry on the steem engagement contest set up by the steemit team to increase interactions between members. I saw that this was a great opportunity to share my review on a small scale business venture I visited today and in this post, I'll share all the details about it. Let's begin shall we...

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What Kind Of Business Do They Perform?


From the title above, I said it's an Electronic sales shop, this small business venture is called Jumason Electronics, the size of the store is really small so most of the items for sale are placed outside of the store. They sell only electronics items and some of them include, Amplifiers, Speakers, DVD players, portable Piano etc...

Image Of The Entrance and the Owner/Manager
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Most of the items sold there are either used or Hand made like this speaker device for example, it's under construction and it's only the frame that's made, the only thing that remains is to fix the Woofer and Speaker into the box and connect some wires.

Image Of A Unfinished Speaker
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Is The Location Of The Electronic Store Ideal?


From my observation, this business is situated in a place that has a high level of patronage, there are also some nearby stores that also sells Electronics goods and this can lead to higher patronage since the area is known for selling only electronics items.

Selfie of myself exploring the store
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The business is situated in Central Market, Kaduna State, Nigeria and since it's a small business venture, it's not shown on Google maps, but I'll still drop the location area below.

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Map Location On Google Maps

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My Opinion Pertaining The Business


From what I learned about this business was that they buy used items at a cheap price and sells it slightly higher than the purchase price. A DVD player can be bought as used at around 5000 Naira (approximately 20 steems) and can be sold at 8000 Naira ( approximately 32 steems).

Another fact I noticed was that, the owner buys parts of a speaker and build a frame/structure then assemblies the parts within the frame. This strategy has proven to be profitable as the cost of buying the parts are cheaper and when it's assembles, it's more expensive to sell.

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Prices Of Some electronic Items in the Store


I was given permission to take some pictures of the goods he sold and almost was given the price of each items. Here's a glimpse of some items price with their equivalence in steem( 250 naira to 1 steem at the moment of making this post).

Electronic ItemPrice In NairaPrice in steemImage
Single Speaker with a woofer2000080 STEEMIMG_20220422_125543.jpg
Double Speaker With a Woofer45000180 STEEMIMG_20220422_125537.jpg
Mini Speaker With a Woofer1400056 STEEMIMG_20220422_125515.jpg

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Personal Analysis and Recommendations


I recommend this business to anyone willing to buy used electronics devices in Nigeria. The prices are fair and since it's used, you can also come back for a repair. The only issue I have with this business is that it cannot be found on Google maps since the Owner just used his phone for only calls and text, he has nothing to do with the internet or such. Well, the business is still good for those willing to buy hand made/used items.

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Conclusion


This sums up everything about this review contest entry and I hope to see yours when it's published. Thanks for reading...
I invite @swaylee, @weasell, @victoh78 and @starrchris to this wonderful contest.

Note: All images used in this publication were taken using the authors Xiaomi Redmi Note 9s device, thank you for reading.

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A nice and unique business, not many traditional retailers buy used speakers or amplifiers and then sell them again at a slightly higher price. for smartphones we will find more of them.. Thank you for sharing an interesting post.

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Keep up your good work, best regards and good luck @ronindboss

Sure😌

Hello friend @ronindboss, I find your publication very interesting. It really must be someone who knows about these products and can do this job, and provides affordable solutions and prices, from what I can understand.

I love listening to music at high volume events hahaha, it's great.

Very interesting the report that you have made and the comparison of the prices I liked a lot.

Thanks for sharing. I liked reading you.

Hmmmmmm, you like to listen to high volume of music😅, well I can't blame you, I'm also a fan of loud musics.

Whenever I play it, it makes me forget about life problems and suffering but I can't just ignored my problems can I? Also loud music makes me to complete my chores more faster. Thanks for replying dear🥰

I like to listen to it like that to dance.

To study, it must be soft music😊

Your welcome.

I must add
Listening to music at high volumes though is good comes with various draw backs

Upvoted! Thank you for supporting witness @jswit.
Please check my new project, STEEM.NFT. Thank you!
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Wow, that's cool, friend, even though this is a small business, there are lots of big speakers available. Greetings distant friends

That's correct, as Nigerians we tend to aim higher even if our current state is low, that's why the man sells something big despite the small location. Thanks for reading... Have a wonderful day

Thank you @ronidboss for your participation and contribution to the success of the "Steemit Engagement Challenge" Program initiated the Steemit Team by participating in the Steem Business Contest from the Steem Entrepreneurs Community

May success be with you in life and have a good day !

Thank you very much🚀

Small scale businesses i also an important factor in our country economic development. The owner of that shop has gone beyond just buying and selling of electronics he now build one with the help of scarab gathered around. Someone like that should be working in a factor assembling electronic but in the country we are it sad to say such opportunity isn't for everyone.

You are correct my friend, if the government in Nigeria actually support small business venture, then this man will be working his way unto a bug opportunity but our country is just unstable and only God knows when we'll be free from this oppression. Thanks for visiting my post...

It's actually astonishing when you picture the fact that these local repair men

Do all this work from thier head.

They are really skilled technicians are most modern day repair men rely on various electronic device to navigate thiee way around faulty appliances

There are really experience when it comes to repairment, since they started from their young age repairing items, they will be capable of doing more that this. Thanks for reading...

This is really nice at the same time really sad.

I don't see progress

This is really a good one, the shop is actually in a good site. I love the fact that the owner of this petty business is promoting art and craft by hand making these goods by his self and the product looks very much strong and beautiful. but from my observations according to what you said, here

there are also some nearby stores

This business has a good chance of facing competitions from other shops close to it that markets the same goods. I recommend that if he wants to win this competition with other competitors, he should double his efforts and do more advertisements than usual. Also, he should make a sacrifice for now by reducing the price of his goods (bonanza) if his goods are to costly in that particular area.

Thank you

Thank you for dropping your opinion, I believe the man already knows the tricks for him to sell more, it's not now he started the business. Thank you for visiting my post....

I am glad that I have seen were to go an repair my spolt speakers. The skill of repairs spoilt things are really needed in our community, this would help our environment has less waste bins. Thank you very much sir for sharing.

Very true my brother, waste is becoming an issue in our society and I always think of a way to minimize it, so if people can repair their damage devices instead of throwing it away, it will make the environment a little more greener. Thanks for dropping your comment...

Very nice post by the way on bussiness

Thank you for reading til the end. Have a wonderful day ahead.

This is a good business review! Please kindly drop the address of this business so that interested buyers can easily find and patronize you.

Thanks for your suggestions, I'll do that right now. Thanks for reading..

Hello @ronindboss, All electronics stores have a high chance of success because these items are always needed in homes, and when I see the prices in the small list that you leave in your post, I can tell you that they are better than the prices that can be found in my country Venezuela.

Excellent turnout.

I'm glad you read my post, thanks so much