This post is an educative business article; here, we gave all the information needed to start a recharge card printing business in Nigeria.
As we know, a good percentage of the Nigerian population makes use of mobile phones, and most of them buy recharge cards daily to enable them to make calls both local and international.
Selling recharge cards is one business most people are shying away from doing. The reason for this is that they are not aware of how lucrative it can be.
We are not only talking about buying recharged cards in packs and selling in units, like the big wholesale and retail stuff.
What we are talking about is here includes how to print these recharge cards yourself. Am not talking about printing fake recharge cards. Don’t think that is only the network operators who print their recharge cards.
Starting the recharge card business may be very challenging at first. But if you know how you can build your customer base, then you will have little or no challenges.
Another thing you must consider is your environment. To succeed in this kind of business, it’s best you operate in a location where there are lots of GSM users.
It is the only way you can have an existing market. Else you may end up printing, and no one will want to buy.
Types Of Recharge Card Business Dealers
1. Recharge Card Mega Dealers
To become a recharge card mega dealers need to have up to 10 million Naira for a start. These category people are like distributors that buy directly for the producers.
They are the recharge card merchants; they sell in bulks and packs to the wholesale. They buy the card pins directly from the telecommunication companies themselves.
2. Recharge Card Wholesalers
Just like in the typical chain of production, we learned in commerce.
The wholesalers are those who buy the recharge card in bulks from the Mega Dealers. Mega dealers have been explained above. They sell in packs to the retailers, to make their profit.
3. Recharge Card Retailers
The recharge card retailers are the regular card sellers you find on the street and in the respective shop and under umbrellas.
These people buy the recharge card in packs from the wholesalers and sell in units to the consumers.
Consumers are the last segment in the chain of production. They buy these recharge cards to use them and not to make a further profit.
How Much Is Needed To Start A Recharge Card Business?
You can start a recharge card business as a Mega dealer, Wholesaler, or Retailer.
1. Start Recharge Card Business As A Mega Dealer
To start a recharge card business as a Mega dealer, the capital required is very high as it runs into millions of Naira.
2. Start Recharge Card Business As A Retailer
To start a recharge card business as a retailer is an easy one, but has less profit when compared to others. As long as you have the amount of money that can buy a pack of recharge cards, then you are good to go.
3. Start Recharge Card Business As A Wholesaler
Starting up a recharge card business as a wholesaler, I suggest you start with at least ₦100,000.
The profit you make from selling recharge cards won’t be that much if you don’t sell much, this is why I said previously that to excel, you need to have a large customer base.
You make appropriately ₦5 profit for every ₦100 card you sell. It means that you can make about ₦5,000 daily if you invest ₦100,000 and make equal sales each day.
You can start little and grow the business with time by reinvesting part of your profit.
Some people in this business sell more than a million Naira cards every day. You can now imagine how much they make daily.
Some people make comfortable ₦50,000 daily as their gross profit. Most of them will never tell you because they feel you will be competing with them.
Things Needed To Start Recharge Card Printing
- The required Capital
- Computer or Laptop (you can also use a cyber café)
- An Internet connection (not needed in all cases)
- Software (register with a mega dealer to get their software)
- ePins of any card network you want to print (your mega dealer will inform you on this)
- Printer and Papers
I hope this article was helpful to you. If any questions you can make use of the comment box below, let’s discuss it.
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