Recharge card is a very good business you
can run on campus because students,
lectures and school workers always make
call with as little as 3000 you can start a
recharge card business in hostels, classes
you can even extend into sending of vtu to
some cooperate companies staff like banks,
ministries and fuel stations, Ask to recharge
them anytime they are out of credit on
phone with a single flash you will credit
them letter on you go around to collect
your money when ever you are free. Be
careful not to involve student as some of
them will stock your money down.
scaling High>>>
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
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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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
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.
include your comment based on what you
would like to be included in the
campusofofo
or you know of any business idea that will
help.
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your interest in this site if you find this
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