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Reason Why You Should Not Go Into Recharge Card Business Printing/selling - Business - Nairaland

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Please Help, Is There Anyone Into Recharge Card Printing? / I Have 70k And I Want To Go Into Wholesale Recharge Card Business (2) (3) (4)

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Reason Why You Should Not Go Into Recharge Card Business Printing/selling by Kaykaymil(m): 1:50am On May 23, 2015
The recharge card printing business once used to be lucrative due to low competition ever since the advent of banks into the highly competitive industry the market share for those into printing has reduced as customers can now buy recharge cards directly from their accounts.

However this thread is for those thinking of venturing into the business current feasibility study shows that in the next three years recharge business would be a side hustle in urban cities, and 7 years in local communities where reception to new technology or "change" as my nairaland APC colleagues would say.

Performing a SWOT analysis indicates

STRENGTHS
Very High demand for product
Do not require any technical skill
Do not require any marketing skill it sells itself


WEAKNESS
Very Highly competitive market
Risk of Low turnover
Low economic downturn

OPPORTUNITIES
Easy into other markets suchas sales of GSM accessories

THREATS
Arrival of well sophicated competitor
Complementary services such as whatsapp call, viber, skype that offer free services

Please feel free to Add yours I know Nairaland is filled with smart people and not dumbledore's
Re: Reason Why You Should Not Go Into Recharge Card Business Printing/selling by kllinxman(m): 1:56am On May 23, 2015
No need for addition, you said it all correct..

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