The Lagos Life POS Stand costs ₦500,000 in Yaba and pays out every day at 6 PM. A good day brings ₦2,000 to ₦7,000 after running costs; on a bad day (10% of the time) the network goes down and a transfer never lands, and you lose ₦4,500. On average it makes about ₦3,600 a day.
Compare it with every other investment on the Lagos Life business page and with land.
| Price | ₦500,000 |
|---|---|
| Daily takings | ₦4,000 to ₦9,000 |
| Running costs | ₦2,000 a day |
| Bad-day chance | 10% |
| Bad-day loss | ₦4,500 |
| Average a day | ₦3,600 |
| Payback | About 139 days |
Lagos Life POS Stand Income
| Day | Takings | Costs | You keep |
|---|---|---|---|
| Slow good day | ₦4,000 | ₦2,000 | ₦2,000 |
| Average good day | ₦6,500 | ₦2,000 | ₦4,500 |
| Best good day | ₦9,000 | ₦2,000 | ₦7,000 |
| Bad day | — | — | −₦4,500 |
Its average day is the lowest of the 7 investments. Payouts land at 6 PM whether you are online or not.
Lagos Life POS Stand Payback and Tax
At the average rate it earns back its price in about 139 days. Business income counts toward the weekly tax: a typical week of about ₦28,350 in good-day profit owes about ₦0 in tax after the ₦1,000,000 weekly allowance. See how Lagos Life tax works.
Selling returns 60% of the price, so keep it at least 56 days before selling to come out ahead.
Is the Lagos Life POS Stand Worth It?
Yes, if you have the cash: it turns ₦500,000 into about ₦25,200 a week with no work. For the cheapest routes to the starting cash, read how to make money in Lagos Life.
Lagos Life POS Stand FAQ
How much does the POS Stand cost?
₦500,000.
How much does the POS Stand make a day?
About ₦3,600 on average, between ₦2,000 and ₦7,000 on a good day.
How long until the POS Stand pays back?
About 139 days at the average rate.