The electronics market in Ethiopia is great, though not many people know yet. What to sell? How to sell? Where to sell? And When to sell?, are the key question that you have to ask yourself before going into any kind of business, especially electronics business or start-up. If you have strong answers for these questions, most likely you will make it. Simply telling only a few tips that you need to know before starting electronics business in Ethiopia will not be enough, but we will give you what is important and very effective
The electronics market in Ethiopia is growing fast, though not many people know yet. There might be a lot of reasons for this, but one of them is that the market has not been well-organized yet and thus cannot attract investors.
The second reason why most people do not invest in this industry is because it still lacks regulation and advertising campaigns to promote its products.
Knowing what to sell is important because if you don’t know what to sell, then your business will fail.
Knowing how to sell is also important because if you don’t know how to sell, then your product or service won’t be accepted by the customers.
Knowing where and when to sell is very important too because if you don’t have a good location or time frame in mind, then it will not work out well for yourself!
In the world of electronics product business, there are many types of businesses that you can start. However, if you want to succeed in this field then it is important to have a good strategy and plan before starting your own business.
Here are some tips that will help you decide which kind of electronics products will be profitable:
Know Your Market: The first thing that needs attention when starting an electronics product business is knowing your market well enough so that you can create products specifically for them. If people buy phones or handheld devices then they need these things because they have certain needs related to their daily lives such as communication with friends or family members over long distances; reading books with large fonts; watching movies; listening music etcetera…
The most profitable products in electronics business are;
Mobile phones and its accessories.
Computers and laptops, with accessories (like chargers).
TVs, with accessories (like remote controls).
Cameras and cameras’ accessories.
Mobile phones and its accessories
This is one of the most profitable products in Ethiopia. People love to use mobile phones for communication, entertainment and many more. There are many brands that offer mobile phone such as Samsung, Sony Ericsson and Nokia etc., but these companies are not profitable because they do not have enough profit margin for their production cost. The reason behind this is that price of raw materials used in producing these devices is very high due to which there will be no room for profits from these companies. However there are some other companies who can produce cheaper versions than others but still they cannot make much money out of it because they charge too much on them so it’s not possible for them to sell at very low price point like Xiaomi does!
Mobile phone and its accessories (Chargers, batteries, headsets, covers) are the most popular products in Ethiopia. Due to the high demand for mobiles and their accessories there is a need for sellers. Most of these sellers are small scale retailers who sell their products from local markets or street vendors.
Those who sell mobile phones also get a good profit margin as they have an easy time selling them because people don’t have much knowledge about electronics goods so they don’t know how expensive it is when buying them from stores which means most of them buy from small shops where you can easily find your desired product at low cost but still with good quality compared to other stores like supermarkets or departmental stores etc..
Computers and Laptops are very popular in Ethiopia. In fact, they are one of the most preferred purchases by people in Ethiopia. However, you should know that computer accessories such as mouse, keyboard and hard-drives could also be very profitable for you if you sell them at a good price!
The TV market is growing rapidly in Ethiopia. According to the statistics from the World Economic Forum, between 2012 and 2017, the number of televisions sold by DMCs increased from 1 million per year to 2 million per year. As a result, there are many people who have their own homes with TVs in them.
The most popular models are Samsung Smart HDTVs (32” – 55”), LG LED HDTVs (28-50″), Sony LED/LCD/Plasma TVs up to 55 inches; Panasonic Plasma/LCD TV models 45-55”; Philips 42 inch LCD screen; Nintendo Wii U console games console with HDMI cable included!
Camera and camera accessories (tripods, batteries, memory cards and chargers) are the most popular products in Ethiopia. The camera phone is also a good investment for the future.
Home appliances (Refrigerator-TV-stove)
Refrigerator: The refrigerator is a device that keeps food cold and supplies ice to cool drinks. It uses mechanical refrigeration or thermo-, cryo-, or frost-free systems to regulate the temperature of its interior so as to maintain food in a safe condition; or allows it to be kept at temperatures below 32°F (0°C). It consists of an insulated cabinet with doors, shelves, drawers and other compartments containing stored foods, usually in glass bottles or plastic containers. The door on top allows access for serving food products from inside the fridge while keeping them fresh longer by preventing evaporation loss through transpiration from freezer walls.
TV: A television set is an electronic device for receiving television signals transmitted via radio waves within a frequency range compatible with the equipment receiver’s tuner output voltage input type, which can receive frequencies between 0 MHz and 300 MHz according to national regulations depending on how many channels there are available at any given time within this range depending where you live so if there are more than two channels then we will pick whichever one has been allocated most recently first before moving forward further down this list again when more channels become available
Audio devices are a part of our daily life. They are used in home and office, transport and communication. There are many types of audio devices to meet the needs of different people like radio, speakerphone, amplifier etc., each type has its own functions.
Audio devices help us to enjoy music or listen to the news on radio while driving in bus or car; they help us communicate with other people through phone calls or text messages at anytime anywhere without having any fear of being disturbed by others nearby because these gadgets make sure that we can talk comfortably without any distractions around us like loud noises coming from music players which may disturb other passengers on board if left running continuously for hours without turning off automatically after 15 minutes duration when turned back on again after 30 minutes interval stops playing its song for another round once played out completely before starting again
You can also invest in office equipment such as photo copier machine. Inverters/UPS and their batteries’ etc…
The electronics market in Ethiopia is great, though not many people know yet.
Iron is very popular in Ethiopia. Iron can be sold to the public at any time of the day, but it is most effective when sold around lunchtime or early evening.
You may find that you have success if you sell iron at your local market or garage sale. The best places to sell iron include:
Retail stores – This makes sense as these businesses usually have a large number of customers looking for household items like this one!
Garage sales – If there’s nothing else going on, consider selling some new items like clothing or furniture instead of just old newspapers (which are still good).
An Inverter is a device that converts DC current to AC current. It can be used in various applications such as computer power supplies, UPS systems, solar panels and battery chargers etc.
A UPS or Uninterruptible Power Supply (Uninterrupted Power Supply) is used to provide emergency backup power during a blackout or brownout condition by utilizing batteries for storing excess power generated from the mains supply at times when there is no external source of electricity available such as when you turn off your appliances.
The difference between an inverter and UPS is that:
An inverter has no battery pack; it only converts DC current into AC current while a UPS has both batteries as well as an internal generator unit inside itself which powers up your appliances when they are shut off due to lack of mains electricity available outside.*
You can start with any of those products, but it would be best if you choose the ones which are in demand and profitable.