oc2much@yahoo.com1. Overview
As electricity issues persist, solar-powered phone chargers are in demand. Assembling them locally is cost-effective and increasingly popular.
2. Market Opportunity
- Target customers: Students, mobile users, offices, and local markets.
- Trend: Renewable energy adoption is rising in urban and semi-urban areas.
- Competition: Low, niche market with room for innovation.
3. Startup Cost Breakdown (₦)
| Item | Cost (₦) | Notes |
|---|---|---|
| Solar panels | 50,000 | Small portable units |
| Battery cells | 30,000 | Rechargeable lithium batteries |
| Assembly tools | 10,000 | Soldering kit, wires |
| Packaging | 10,000 | Boxes, labels |
| Workspace | 5,000 | Small home desk setup |
| Total Startup Cost | ₦105,000 |
4. How to Earn ₦150k Monthly
- Assemble 50 units/month, sell at ₦3,000/unit
- Monthly revenue: 50 × ₦3,000 = ₦150,000
- Subtract materials (~₦105,000) → Net Profit: ₦45,000/month initially
- Scale: Buy in bulk → earn ₦100k+/month
- Marketing: Social media, markets, partnerships with phone repair shops.
5. Profit Projection
- Startup recovery: 1–2 months
- Monthly net profit: ₦45k–₦100k
- ROI: 43–95% after first month.
6. Challenges & Tips
- Challenge: Sourcing reliable solar panels → Buy from reputable distributors.
- Tip: Offer mobile repair shops commission-based sales partnerships.
7. Feasibility Verdict
Medium – Low to medium demand, needs some technical skill.
