Here competition is low but as i explained earlier, its capital intensive. You will be selling cards to wholesalers. If you choose this role, as explain earlier, you will be dealing with major GSM Service Providers. Recharge card printing Business as a Mega Dealer: You can act as a Mega Dealer, Wholesaler, or Retailer. You need to decide what role you will perform in this business. Q4: What Are The Tools Required to start these Business?Ī: You don't really need much, just make available these following items: With time coupled with a good customer base you can eventually earn more than N150,000 monthly. If you have the sum of N100k you can start at the wholesale level. Retailers are recharge card dealers that buy from wholesalers at a cheap & reduced price to sell to normal users. It is estimated that recharge card wholesalers make between N5,000 to N15,000 daily. Recharge card wholesalers buy directly from Recharge card Mega Dealers at a discount price & they in turn sell to the retailers. This means dealers / dealers sell directly to the wholesalers, also note that before you can be a dealer, that has access to these network providers you should have at least between 10 -15 million naira. MTN, GLO, 9MOBILE, AIRTEL, VISAFONE etc this category of people are also known as mega dealers. These are recognized big recharge card merchants that buy the cards & pins in large quantity directly from the major mobile operators in Nigeria e.g. Q3: How Do I Start Recharge Card Business in Nigeria, How Does it Work?Ī: There are basically three levels when it comes to the production of Recharge Cards in Nigeria, i will briefly explain them below: The same thing applicable to all other NETWORKS.
E.g MTN100 profit is different from the one of MTN200 & the one of MTN500 is quite different from the one of MTN1000 etc. The profit you will be making per denominations of MTN Airtime is different from one nomination to another. But if you start off like lets say the sum of N150,000, you can be comfortably making N38,750k monthly for MTN100 Nomination Recharge card.
Now if you sell N57,600 worth of MTN100 recharge card daily you will make #400 per 100 units X 6 = N2,400 for 600 units you purchased. Q2: Can I Start Recharge Card Business With N10, 000 & Become a Millionaire?Ī: In other to make money from recharge card business in Nigeria you must have up to N100,000 - N200,000 thousand naira, take for example the profit you will make from MTN100 #100 recharge card is approximately N400 naira for 100 units or bricks what this means is that if you sell N9,600 worth of MTN100 cards daily, you will be making N4 X 100 =400. People must recharge their phones daily to make calls, i will explain further the advantages as we proceed. Q1: What Are The Advantage of Starting Recharge card Business in Nigeria?Ī: Recharge card business is quiet profitable in Nigeria asap long as you have a very strong customer base, and also the availability of GSM networks in your Vicinity or where you reside.
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Recharge Card Business in Nigeria 2020, How to start: No doubt it is a very profitable business for people who have a very solid customer base with heavy capital, but what about the average person with the sum of N10,000 or N100,000, can he or she venture into this type of business & make profit? This article contains explicit details about all you need to know about recharge card printing business in Nigeria. A lot of people say that printing recharge card business is one of the most lucrative business venture to start in Nigeria, but just like every other business, it has its own challenges.
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