Recharge
card business in Nigeria is very profitable and lucrative provided you have
enough money to start and run it effectively. It is a business you can start
anywhere in the country without fear of low patronage. As long as there is GSM
Network services and people are living where you are, you are good to go in
your own big or little way.
This
business is capable of giving you good money if you do it well. I wrote a book
on GSM business in 2008 but have retired it since some of the subject matters
are no longer relevant today because the business changes day by day. Add
+MARTINS CHIMA I will be hosting Google hangout on some of the latest trends
in Recharge card business next week. You can only participate if you're on my
circles, add +MARTINS CHIMA on Google plus to be part of it.
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| Get GSM-Recharge-Card-Printing Package in Nigeria |
No
business has been hyped and over hyped as recharge card business in Nigeria in
recent time due to selfishness and desire for quick gain. Contrary to Nigerians
Seminars and eBooks claims, Recharge card business is not a business you can
start with N10,000 and becomes profitable. No, it's not possible except you are
mixing it with another business as a fraction of your existing business.
E.g:
You have a provision store and decides to sell recharge card as part of your
provision items or you have restaurant and decides to offer recharge card sells
as a compliment to your food business,
mainly to satisfy your customers so that they could relax and load their phone
after eating without having to move around to buy it. This way, the little gain
you make from the recharge card will add up to the general gains in your
business
Call 07030722911 To Get Started With
If
you want to start recharge card business as "Independent Business"
that is, selling only recharge card on a small scale, you must start with
nothing less than N100,000 if you really wants to make reasonable profit. The reason
is because the profit margin per card is so low that you have to sell plenty to
make any visible gain. That means you have to start as a wholesaler, selling in
bulk to retailers who combines it with other businesses.
The
profit you make per N100 recharge card is not more than N5. Therefore, for
N10,000 worth of card, you wouldn't make more than N5 x 100 = N500. So, how do
you expect to become a million with just N10,000 recharge card that yields
about N500 profit?
But
if you start the wholesale with N150,000 and sell to retailers, you are sure to
sell N100,000 worth of cards everyday as long as you have good number of
customer base. Each customer buys more than N5,000 daily while some buys as
much as N50,000. Therefore, N100,000 cards will earn you N5x1000 = N5,000 per
day which is a good gain! Hence, the gain in recharge card business starts from
wholesales of N100,000.
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card business with N10,000 and make N200,000 daily so that they may discover
exactly how the business works and be wise.
In
this article, I will try and put you through on how to start recharge card
business in Nigeria at any level and make your profit according to the level
you are and your start up capital.
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| Here is exactly how it works |
There
are three levels of recharge card business and each of these level or category
offers profit that is proportional to the investment.
1.
Recharge Card Retailers - Retailers are recharge card business persons who buys
in wholesale at cheaper price and sell to end users at the card surface price -
the price written on the card. They make average of N5 per N100 denominated
cards and earn total profit of N500 to N1,000 daily.
This
type of recharge card business is best when combined with other business or if
the retailer is in a place with high traffic and huge demand for recharge
cards. N10,000 is the perfect capital for this.
2.
Recharge Card Wholesalers - These ones buys directly from the Dealers at
reduced price and sell to the retailers who in turn sells to end users.
Wholesalers make average of N5 per N100 cards and sell high quantity of cards
daily. As a result, they make more profit based on much sells. Average profit
they make per day is between N5,000 to N15,000.
Reasonable
start up capital for wholesale is from N100,000. This way, your profit will be
appreciable. If you are good in business and have N100,000 I'd recommend you
start with wholesale level. Recharge card business at this level is very good
and profitable with the potential to earn you N150,000 monthly.
3.
Recharge Card Dealers - These are recharge card Franchisees or merchants who
buys both the cards and PINS in large quantity directly from the mobile
operators. Or from another company that has direct franchise with the mobile
operators. This category comes in various forms, there are dealers and they are
mega dealers.
Dealers
sells directly to the wholesalers who then sells to the retailers. You will
requires millions of naira to enter the dealership level, starting from N10
million.
Now
that you know what GSM Recharge card business in Nigeria involves, let me know
your preference among these categories. Make a comment below stating the level
you wants to start from and possibly why.
Ask
questions based on what you would like to be included in the next articles. The
next article on recharge card will base on your interest.
If you decide
that you want to go into the business, then you have to read How to print
recharge cards from the links below: ......... CLICK HERE TO CONTACT US