how much does it cost to be a betking agent in Nigeria might be the question you are having right now.
For vital questions like this is very key to every entrepreneur who intends starting a business or any business at that.
And in this article today, we would be sharing with the vital details on how much it cost to be a betking agent in Nigeria in 2023.
Before we write more on the topic, we’d like to share more light on the topic ” How much you need to start the “BetKing Sport Gaming Business”,
And also we’d be giving more emphasis on a specific sport gaming business/company of choice by name betking.
About BetKing Sport Gaming Business in Nigeria
The sport gaming business in Nigeria is one of the fast rising industry, and have attracted many investors nationwide/worldwide.
Haven mentioned that, the sport gaming business have not just attracted many investors
but it has also made made many entrepreneur self sufficient, and also employed many graduated in the country.
Sport gaming business is a very strong network and had a long lasting lifespan
especially if you are partnering with the best sport gaming company available in Nigeria.
We decided to write this article to further share more lights to prospect who wants to start the sport gaming business.
But needs a clear explanation on how much would be needed to start the business.
Having such thoughts or consideration in any business decision is very good
and this article is aimed at giving you a thorough breakdown of the amount needed to start the sport gaming business.
You should also know that after getting the cost needed for the business
you’d also need additional finance to run the business while your weekly inflow/commission comes in.
How much the is needed for the Sport Gaming Business in Nigeria.
The amount needed for the business in Nigeria would differ from location to location. Because every location comes with it’s own unique features, market audience, market price among others.
In some location you can start the sport gaming business with as low as N300,000 if you are in Nigeria
while in some other location you can start the business from as high as N3,000,000 or more.
Don’t be amazed or scared yet about the figures stated above. Just keep reading while we explain even further why we have those figures.
The writer behind this article is a field staff who have taking clear calculative investigation on what is obtainable in the business.
Hence the reason for such figures above.
Location A vs Location B for the sport gaming business.
Location A environs might be on a low side when it comes to office space for the business with the target audience available for the business
while location B would also have same opportunity but cost of getting a office space for the business would be high.
In location A you can get a shop withing the range of 45,000k-60,000k rental fee annually.
you’d be left with over 250,000 for the acquisition of other equipment’s needed for the business.
While in location B the annual office space rent might be around 1,000,000 to 2,000,000 annually.
This is a breakdown of what several locations over and how you can start cutting down on the expenses.
Now for those with low capital, the best advise to you is that
you’d need to get a shop or office space in or around a location where the rental fee would be less expensive.
HOLD ON! Read also about How To Become A Betking Agent In Nigeria 2023 or learn more about Wazo Bet. Com
But not just less expensive but with a market space viable for the survival and profit making of the business.
Five things to look out for when you have a low capital for the business and to become a betking agent in Nigeria in 2023
We have shared more information above on the difference amount you can start the sport gaming business with.
Furthermore, we’d share with you five things to look out for with a starting capital as low as 300,000 for the business.
1. Look out for shops within the annual price range 25,000 – 50,000 annual rent.
2. Get a shop in a very busy location
3. Ensure the shop comprises of residential and business market space
4. Locate importer’s who sell equipment’s at wholesale price
5. Register with a sport gaming business company such as betking to become an agent
6. Start trading and making extra money for yourself.
We are glad to share this price with you, and we believe now you know what it takes to start the business.
The minimum capital required to start the business and the maximum also.
Please not that the minimum or maximum capital spelt above can vary depending on the market space and location where you get a shop or office space.
Finally, with all that have been explained above and you’d want to become a betking agent,
please read this article How To Become A Betking Agent In Nigeria 2023 to enable you kick start the application process