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Do you know you can start recharge card printing business in Nigeria from your own home at your expenses? Recharge card printing business is one of the few lucrative businesses in Nigeria.
You can become a recharge card vendor and sell in bulk. You see those guys who sell recharge cards by the roadside, they actually order it from bulk sellers.
The profit you make per N100 recharge card is not more than N5. Therefore, for N10,000 worth of cards, you will be making N5 x 100 = N500.
So, how do you expect to become a millionaire with just N10,000 recharge card that yields about N500 profit?
However, 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 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.
Since more than 100 people can buy recharge card per day, you will possibly be making over 500 naira as your daily cash.
It is not advisable to make recharge card printing business your only source of income but it is always nice to have a different source of income.
You can decide to have a retail store and also be selling your recharge card along with other things you sell. Or you can use it to compliment your food business and get more customers.
These are some of the things we will be going through in this post:
- Requirements to start recharge card printing business.
- How to get started with the business
- How to promote your business and get more customers.
For some years now, we have seen people investing in different business and in the past 8 years, many people have started this business and have been enjoying some little daily income from it.
How does the business work?
There are usually 3 people involved in this business and they are:
1. Recharge card retailers: These are the people that buy recharge cards from wholesalers and sell it consumers at higher prices which is 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. These people usually combine it with other businesses such as selling of groceries and food stuffs.
2. Recharge card wholesalers: These ones buy directly from the Dealers at reduced price and sell to the retailers who in turn sell 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 base on much sells. Average profit they make per day is between N5,000 to N15,000.
3. Recharge card dealers: These are the merchants that order the recharge card pins directly from the mobile operators.
Dealers sell directly to the wholesalers who then sell 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.
REQUIREMENTS TO START RECHARGE CARD PRINTING BUSINESS
There are just five basic simple requirements to start printing recharge cards from your home. They are:
Computers: This is very important in starting the business because there is a software you will need to install before you can start printing your recharge card.
Printer: Printers are what you use to print out the recharge cards. You will connect it to your computer and print.
ePins: This i what you will subscribe to. You need the ePins of any network you want to print. You can get the ePins of airtel, 9mobile, MTN, Glo etc.
A4 papers: Where else will you print your recharge cad if not the A4 papers.
Recharge card printing software: This is the software you will install on your desktop or laptop.
This software will enable you to print the recharge card directly to your printer. An example is NetDivo ePin Manager.
You might also need a modem or stable data connection but it is not necessary since some softwares do not need internet to print recharge cards.
Sometimes, you might even gun a dealer in your environment and you can get just send ePins to your flashdrive or anything. It is that easy.
The reason for the internet might just be to download your ePins when it has been sent to your email.
If your dealer is far away, he or she might need to send the ePins via email or any other possible means.
You can also do this at a cyber cafe but due to security reasons, we are suggesting a computer.
If you use a cyber cafe, your email is at stake and someone else can get access to your password and be downloading the ePins without your consent.
Once you have all the requirements above ready, you are good to go. You can download the NetDivo software for free but it will cost you about N10,000 to activate it.
When you activate the software, you will be given two things free of charge;
Contact details of where you can buy ePins of all networks
Sample ePin file you can print out for training purpose.
Once you practice and you are perfect with the sample epin file, you can start ordering for the original ones and uploading them on the software.
After uploading, print and start selling to people. It is that easy.
I hope by now you know how to start recharge card printing business in nigeria? and don’t forget to say your thought on this how to start recharge card printing business in nigeria.