How to start recharge card business in Nigeria isn’t technical like most people believe. GSM Recharge Card Printing or Voucher Business is among the top lucrative businesses that have filled millions of naira to their starters. You can start this business anywhere in Nigeria as long as there are people living around your location and rely on their mobile phone for communication. Starting this business won’t need millions or any sort of technical skills. We believe in starting small and ending big. It’s easy to start and manage.
Since the inception of GSM phones in Nigeria, recharge card business have boomed and its target market keep getting bigger . More than one hundred million Nigerians have a GSM phone, and they keep recharging to be able to make calls and stay connected. Another huge percentage of this population spend more than N3000 on data subscription and other services; and more people are joining the wagon. You see, millions of Nigerians have a mobile phone, but only few people supply this voucher card.How to start a recharge card business in Nigeria isn’t rocket science. That is why you need to fill this space and make money.
See also: HOW TO EARN MONEY AS A FREELANCER
Here’s the bitter truth, Recharge card/voucher printing business won’t make you a dime if you begin with N10,000. This is contrary to popular belief. Thanks to e-book sellers who have made many people believe such a lame assertion all in a bid to sell their book. The gain in a N100 recharge card is N5. Multiple that by 10. That’s, N5 x N100 = N500. Don’t tell me you want to start this business just to make peanut. If so, you’re better off working as an employee.
This business will require you having at least, a capital of N100,000 to N300,000 if you must make reasonable gain and be rich.
HOW TO START RECHARGE CARD BUSINESS
1. LEARN HOW TO PRINT RECHARGE CARD:
This isn’t technical at all. Learning to print recharge card is merely by installing a recharge card printing software on your computer system and you’re good to go. When you make an order from a dealer, the PIN he will sell to you will be encrypted and sent to your email address. What the software does is to make the recharge card PINS and SERIAL number known. If you’re stuck, don’t worry. Leave a comment in the comment box and I will respond as fast as I can.
2. REGISTER WITH A DEALER OR RECHARGE CARD PRINTING COMPANY:
This is where you register to become a dealer either by name or any other means of identification and it’s totally free. These are the people who you’ll buy PINS from and then later print the recharge card on your own. The printing company can serve as an agent that clears you up when you’re stranded.
3. COMPUTER SYSTEM:
This is the main equipment that you’ll use in the printing of your recharge cards with or without any Internet connection. If perhaps you’re not so good with techs, then you have to ask for a device called OREANGE BOX from your dealer.
4. EMAIL ADDRESS –
This is used to receive the encrypted pin from your dealer.
I’m sure you already know what this is for. It can either be coloured or black and white. Mainly used to print out the recharge cards on paper.
5. PRE-PRINTED PAPERS:
You can go for the customized papers upon request from your dealer. This Pre-printed paper will then have to be reprinted by you. If possible, you can go for a plain paper. The most important thing is having a clear print.
If you do this well, you’ll be making over N100,000 or above within a month.
RECHARGE CARD BUSINESS LEVELS
There are three levels of recharge card business, and the level you belonged to is determined by the amount you’re willing to invest into the business. Whichever level you’re into, the amount of profit is directly proportional to your investment. The bigger the start-up capital, the bigger the gains.
1. RECHARGE CARD RETAILERS – These are individuals who invested about N10,000 into the business. They buy from wholesalers at a cheaper rate and then sell to the last consumer at the ‘paper price’ (The amount on the surface of the card). The gain realized is very little and it’s best if complimented with other businesses.
2. RECHARGE CARD WHOLESALERS – This people buy directly from the dealers and sell to the retailers at a reduced cost. They make an approximate of N7,000 to N10,000 gains daily.
3. DEALERS – These are rich business persons who started the business with over N10 million. They buy directly from mobile operators and sell to wholesalers.
Recharge card printing business is very lucrative and have been till date. With a reasonable amount, you’ll be able to make an income tree for yourself. The market is growing and you need to fill the space and make money in return.
Use the comment box below if you’ve any question. Don’t forget to share with your friends.