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.
This article contains explicit details about all you need to know about recharge card printing business in Nigeria.
Q1: What are the advantages of starting recharge card business in Nigeria?
A: Recharge card business is quite profitable in Nigeria as long as you have a very strong customer base, and also the availability of GSM networks in your vicinity or where you reside.
People must recharge their phones daily to make calls, will explain further the advantages as we proceed.
Q2: Can I start recharge card business with N10,000 and become a millionaire?
A: 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 N100 recharge card is approximately N5 Naira.
What this means is that if you sell N10,000 worth of cards daily, you will be making N5 x 100 = N500.
But if you start off like lets say the sum of N150,000,you can be comfortably making N5k monthly.
Q3: How do I start recharge card business in Nigeria, How does it work?
A: There are basically three levels when it comes to the production of recharge cards in Nigeria, i will briefly explain them below:
Recharge Card Mega Dealers
These are recognized big recharge card merchants that buy the cards and pins in large quantity directly from the major mobile operators in Nigeria eg Glo, MTN, Etisalat, Airtel Etc this category of people are also known as mega dealers.
This mega 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.
Recharge Card Wholesalers
Recharge card wholesalers buy directly from Recharge Card Mega Dealers at a discount price and they in turn sell to the retailers.
It is estimated that recharge card wholesaler make between N5,000 to N15,000 daily.
Recharge Card Retailers
Retailers are recharge card dealers that buy from wholesalers at a cheap and reduced price to sell to normal users.
Those people that sell recharge card under umbrellas in the street are recharge card retailers,and they make between N500 – N5000 daily.
If you have the sum of N100k you can start at the wholesale level.
With time coupled with a good customer base you can eventually earn more than N150,000 monthly.
Q4: What are the tools required to start these business?
A: You do not really need much, just make available these following items:
- E-mail address
- Internet connection
Laptop: If you don’t have a laptop, you can use a cyber café or a business center in your vicinity.
Printer: For convenience, its compulsory that you buy your own printer, but if you cant afford one now, you can as well use a business center near you.
Paper: You will need an A3 or A4 paper to print your recharge card pins.
Software: You will need a software to de encrypt the encrypted pin sent to you so that you can print it out.
Email: You should have a valid email address
You need to decide what role you will perform in this business. You can act as a Mega dealer, wholesaler, or retailer:
Visit www.zuwapay.com to start