If you’re looking for a side hustle that you can easily set up, then allow me to introduce you to the concept of “drop shipping”. That is a fancy word to describe bringing in goods from China and reselling them in Kenya.
And you really could do this for any product -granted there is a local market here in Kenya. So we could talk about doing drop shipping for shisha bongs… We all know a slay queen or two who love their shisha. Or you could do this with clothes and shoes.
The headache when it comes to this side hustle is down to marketing for sustained business and making the payments.
Think about it. You have a passion for sneakers right? Most likely, so do your friends. But that is an exhaustible market because they will not always be buying shoes, month-in and month-out. That means that one of your daily tasks will be marketing on IG and Facebook to get more customers so the endeavour actually pays off throughout the 12 months of the year.
So now that you have decided to sell sneakers to sneakerheads, it is time to identify a supplier. You could choose to go through websites like Amazon or perhaps the Chinese sneaker company has their own website. You place your order and have to pay up for it. How do you go about this without falling prey to scammers who simply want to phish your credit card details? Or how do you go about this without too much of a hustle? Well, that is where Co-op Bank comes in because they have a solution tailor-made just for you. These solutions include:
Online card payments
Boost your sales by integrating into our online card payment solution to receive card payments from customers from different banks and from anywhere in the world.
These are Co-op Bank ATM’s, Debit or Credit Cards. All payments for purchases or goods delivered can easily be checked off by swiping these cards.
With card payments, it’s easier to track stock levels, and enjoy an easy check out flow.
This is a device that refers to a payment terminal accessed by Visa cards to make electronic fund transfers. They are common in malls, supermarkets and fuel stations.
POS stands for Point Of Sale in a business outlet. PDQ stands for ‘Process Data Quickly’.
Co-op Bank avails PDQ/POS machines to their clients. These machines greatly boost sales by enabling them receive card payments from customers from different banks.
A trader enjoys timely reports, easier tracking of income and expenses.
Lipa Na M-Pesa Till Number
Co-op Bank provides this service in partnership with Safaricom M-Pesa service. The bank offers to process a till number for their client’s businesses, at no charge.
This helps a business to receive cashless payments via Lipa na M-Pesa Till Number – usualy displayed at payment point at the business premises.
The money clients pay through the Till number is deposited directly into the client’s Co-op Bank account.
The payments paid into the account can be accessed anytime via Co-op Bank’s mobile banking platform, ATMs, Co-op Kwa Jirani agents, Internet banking or at any branch across the republic.
M-Pesa Paybill 400200
Co-op Bank’s official M-Pesa Paybill number – 400200 – enables a trader to receive payments directly into their Co-op Bank account.
The money reflects into the account immediately. One can also check for the payment confirmation via mobile banking or internet banking platforms.
Alternatively, one can receive notifications via text if they have subscribed to the MCo-op Cash SMS notifications.
The funds are accessible anytime via the banks’s mobile banking platform, Co-op Kwa Jirani agents, ATMs, Internet banking or at the branch.
This feature is not limited to business owners, but to everyone with a Co-op bank account. It’s applicable to all needs that require exchange of money.
Encourage colleagues, family members, clients or business associates who have Co-op Bank accounts to send money directly account using the MCo-op Cash App or via USSD *667#.
How does a business boost sales?
- Easier tracking of expenses.
- Timely business reports.
- Easy check out flow.
Instant payment confirmation via SMS notifications or via internet banking platform.
Payments are deposited into Co-op Bank account – easy access anytime via mobile banking platform, ATMs, Co-op Kwa Jirani agents, internet banking and at the branch.
How does a client register for Co-op Bank online banking?
You can log in and transact using any internet-enabled device including mobile phone, tablet, laptop or desktop computer.
Registration is INSTANT and FREE of charge. All you need is your National ID and any of your Co-op Bank ATM cards. Click here to register.
You’ll create your own username and password, which you can re-set anytime in case you forget or feel the need to change.
Every time you log in or do a transaction, you’ll have to enter an OTP (One Time Password) which is sent to your mobile number or email address.
This is a security feature Co-op Bank has in place to keep accounts secure.
August 30, 2022