Newspaper Vendor Business | Wealth Creation

I

know most people may laugh and say can becoming a newspaper vendor set food on my table daily?

Of a truth, becoming a newspaper vendor can really set a step for one to become rich and even famous in life. Let’s pause and rethink. Have you ever stop to think on how much is been spent on purchasing newspaper on a daily basis? Newspaper is one among the mass media helps in disseminating information to the general public. It is a fact that when someone is not informed he is deformed, which makes it possible of the daily demand of newspaper in order to get an individual updated of the current events happening around the world.

In a real sense, the purchase of newspaper is on like that of a recharge voucher card without which you cannot communicate to someone outside your reach, just as the newspaper serves as a medium to educate and enlighten the public on governmental policies and delivering of reports both national and international events. And it also serves as intermediaries between the government and the general public.

I conducted an analysis on the purchase of newspaper and I found out that it is a commodity that is demanded for on daily basis such that people cannot stay without buying it to update themselves of the happenings around the nation and the world.

There are numerous benefits attached in the business of selling newspaper, but am going to make mention of a few of them.

i.                   It has no composite demand.

ii.                 Weather and climate change does not affect its demand.

iii.              The leftover can always be returned to the head office for documentary purposes i.e it does not lay waste.

iv.              It helps to report both national and international events, so people will always go for it.

v.                 Help to influence the buying habits of customers.

vi.              To educate the public on government policies and programmes.

vii.            It creates an avenue for the public to air their views.

viii.         It also speaks on the behalf of the people.

ix.              It carries a lot of information, thereby leading to high demand.

x.                 Setting up a newspaper business does not require much capital.

With the above mentioned benefits, you will agree with me that the newspaper business is one among the lucrative business that can help in wealth building or creation.

Today, there is a lot of newspaper within the country e.g Nigerian in particular ranging from; Vanguard, Nation, Soccer Star, Punch, Dailies, Trumpet and other local newspapers in the different localities. So by setting up a newspaper vendor business, I am sure that this will lead to an amazing way to make a life changing status. There are so many people that are making it in life today through the sale of newspaper.

Let’s put aside the much stories and view it in a practical direction. I have a friend who loves watching football matches; he buys the Soccer Star on a daily basis. These newspaper ranges from N50 – N100 respectively. On a simple analysis, going for that of N50 for 365days = 50 x 365 = N18, 250, while that of N150 for 365days = 150 x 365 = N54, 750. Considering this for the expenses of an individual per annum for the purchase of newspaper let alone the numerous number of people that buys it every day.

With the above little analysis, you will agree with me that becoming a newspaper vendor do really pays even after subtracting your expenses because in all business there is bound to be an expense, but despite that you will make a good living being a newspaper vendor.