HOW TO START RECHARGE CARD PRINTING BUSINESS IN NIGERIA WITH N10,000
A lot of people are searching for new and fresh ways to make money. Recharge card printing business has been really profitable to a lot of people recently, but of course, you will need to know some specifics about the business.
Recharge card printing business in Nigeria is very lucrative and profitable, if you have enough money to start and run it effectively. It is a business you can start anywhere in Nigeria whether you’re a business person, student or house wife without fear of low patronage provided there is GSM Network services and people are living there. Once you have the money to start, you are good to go in your little way.
It is a business that is capable of making you good money if you do it well.
Contrary to seminars and e-books claims, recharge card (printing) business is not a business you can start with N10,000 and becomes profitable. No, its not possible to make reasonable gain with that amount except you are mixing it with another business as a fraction of your existing business.
For example: you have a provision store and decides to sell recharge cards as part of your provision items or you have a restaurant and decides to offer recharge card sells as compliment to your food business, mainly to satisfy your customers so that they can relax and load their phones after eating without having to move around looking for it to buy. 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 voucher on a small scale, you must start with nothing less than N100,000 if you really want 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 with other business.
THE PROFIT IN REHARGE CARD BUSINESS
The profit you make in recharge card business is not more than N5 for some GSM Networks. Therefore , for N10,000 worth of recharge cards, you will be making N5X100=N500 per day and N15,000 Monthly.
However, if you start the wholesale with N100,000 and sell to retailers, you are sure to sell N100,000 worth of cards every day 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 and N150,000 monthly which is a good gain! Hence, the gain in recharge card business start from wholesales of N100,000.
HOW RECHARGE CARD BUSINESS WORKS
There are three levels or categories of recharge card business and each of these level or category offers profit that is proportional to the investment capacity.
1. RECAHARGE CARD RETAILERS:
These are business persons who buys from wholesalers at cheaper price and sell to end users at the cards 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 and N15,000 to N30,000 or above Monthly depending on the market.
These 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 category.
2. RECHARGE CARD WHOLESALER:
These once buys directly from the dealers at reduced price and sells to the retailer who in turns sell to end users. Wholesalers make average of N5 per N100 card and sell high quantity of cards daily. As a result they make much profit base on much sells. Average profit they make per day is between N5,000 to N15,000.
Reasonable startup capital for wholesale is from N100,000. This way, your profit will be appreciable.
Recharge card business at this level is very good and profitable with the potential to earn you N150,000 or above 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 Networks operators. Or from another company that has direct franchise with the Network operators. These category comes in various forms. There are Dealers and there are Mega Dealers.
Dealers sell directly to the wholesalers who then sells to the retailers. You will require millions of naira to enter the dealership level, starting from N10 Million to N50 Million.
WHAT ARE THE TOOLS FOR STARTING THE BUSINESS?
You will need some special tools such as;
(a) A working Laptop or Desktop
(b) A valid email address (where the PINS will be sent)
(c) An internet connection – to receive the e-pins via email
(d) A printer to print the cards
(e) A4 paper for printing out the recharge cards
(f) Software for de-encrypting the e-pins codes which are sent to you
(g) Starting capital.
Now that you know what recharge card printing business in Nigeria involves, kindly let us know which level you want to start and we provide you with the available tools to start and make money.
It is mentioned that Nigerians spend about N13 Billion annually on recharge cards, which indicates how important they are in the every day life of Nigerians. Everyone needs to make calls and brows the internet, and for that, they need their phones to be loaded with airtime and data. If you have the primary tools for recharge cards production, good starting capital, this business could bring you good money in no time.
You can contact us on 08060642555 to get Laptop, printer and you can also buy the software below and it will be sent to your mail or visit our office for installation of the software.