oc2much@yahoo.com1. Overview
Rent portable power banks to students, office workers, and commuters in busy areas. Frequent electricity outages create steady demand.
2. Market Opportunity
- Target customers: Students, office complexes, transport hubs.
- Trend: Nigeria’s electricity inconsistency fuels high daily demand.
- Competition: Low, especially in crowded areas.
3. Startup Cost Breakdown (₦)
| Item | Cost (₦) | Notes |
|---|---|---|
| Power banks (10 units) | 50,000 | Small portable units |
| Charging station | 10,000 | Cables, adapters |
| Kiosk setup | 15,000 | Small table, signage |
| Marketing | 5,000 | Flyers, social media |
| Total Startup Cost | ₦80,000 |
4. How to Earn ₦100k Monthly
- Rent 10 units/day at ₦500 each → ₦5,000/day
- Monthly revenue (25 days): 25 × ₦5,000 = ₦125,000
- Subtract charging & maintenance (~₦25k) → Net Profit: ₦100k/month
- Marketing: Street visibility, social media, word-of-mouth
5. Profit Projection
- Startup recovery: 1st month
- Monthly net profit: ₦100k
- ROI: 125% first month.
6. Challenges & Tips
- Challenge: Theft or damage → Require small deposit per rental.
- Tip: Expand units as demand grows for higher profit.
7. Feasibility Verdict
High – Low startup, high daily demand, easy scaling.
