HOW TO START RECHARGE CARD PRINTING BUSINESS| BUSINESS PLAN
Recharge card business in Nigeria is very profitable and lucrative
provided you have enough money to start and run it effectively. It is a
business you can start anywhere in the country without fear of low
patronage. As long as there is GSM Network services and people are
living where you are, you are good to go in your own big or little way.
This business is capable of giving you good money if you do it well. I
wrote a book on GSM business in 2008 but have retired it since some of
the subject matters are no longer relevant today because the business
changes day by day. Add +obejieric
I will be hosting Google hangout on some of the latest trends in
Recharge card business next week. You can only participate if you're on
my circles, add +obejieric on Google plus to be part of it.
GSM-Recharge-Card-Nigeria
No business has been hyped and over hyped as recharge card business in
Nigeria in recent time due to selfishness and desire for quick gain.
Contrary to Nigerians Seminars and eBooks claims, Recharge card business
is not a business you can start with N10,000 and becomes profitable.
No, it's not possible except you are mixing it with another business as a
fraction of your existing business.
E.g: You have a provision store and decides to sell recharge card as
part of your provision items or you have restaurant and decides to offer
recharge card sells as a compliment to your food business, mainly to
satisfy your customers so that they could relax and load their phone
after eating without having to move around to buy it. This way, the
little gain you make from the recharge card will add up to the general
gains in your business
CALL 08065065738 TO GET STARTED WITH THE SOFTWARE AND THE PIN
If you want to start recharge card business as "Independent Business"
that is, selling only recharge card on a small scale, you must start
with nothing less than N100,000 if you really wants 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 it
with other businesses.
The profit you make per N100 recharge card is not more than N5.
Therefore, for N10,000 worth of card, you wouldn't make more than N5 x
100 = N500. So, how do you expect to become a million with just N10,000
recharge card that yields about N500 profit?
But 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 number of 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.
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to start recharge card business with N10,000 and make N200,000 daily so
that they may discover exactly how the business works and be wise.
In this article, I will try and put you through on how to start recharge
card business in Nigeria at any level and make your profit according to
the level you are and your start up capital.
Here is exactly how it works
There are three levels of recharge card business and each of these level
or category offers profit that is proportional to the investment.
1. Recharge Card Retailers - Retailers are recharge card business
persons who buys in wholesale at cheaper price and sell to end users at
the card 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.
GSM-Recharge-Card-Sellers
Recharge Card Retailers in Business
Recharge Card Retailers in Business
This 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.
2. Recharge Card Wholesalers - These ones buys directly from the Dealers
at reduced price and sell to the retailers who in turn sells 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 based on
much sells. Average profit they make per day is between N5,000 to
N15,000.
Reasonable start up capital for wholesale is from N100,000. This way,
your profit will be appreciable. If you are good in business and have
N100,000 I'd recommend you start with wholesale level. Recharge card
business at this level is very good and profitable with the potential to
earn you N150,000 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 mobile operators. Or from another company that has direct
franchise with the mobile operators. This category comes in various
forms, there are dealers and they are mega dealers.
Dealers sells directly to the wholesalers who then sells 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.
Ask questions based on what you would like to be included in the next
articles. The next article on recharge card will base on your interest.
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Business Ideas | Business Plan | Start a Business | Invest
Starting a Recharge Card Printing Business – Ideas and Opportunities
How To Print and Sell Recharge Card Vouchers
Wholesale and retail sales of recharge cards is a very profitable
business to start in Nigeria as recharge card business runs into million
of naira daily. The telecommunication industry has come to be one of
the most thriving industries in Nigeria. With close to 120 million
Nigerians now connected through phone, it is mandatory that they
recharge their phones on a daily basis to communicate with their friends
and loved ones. The sales of recharge cards have also gone up as there
is much dependence on phone communication in every aspect of the lives
of the people. The demand is on the high rise on a daily basis.Printing of recharge cards requires no special training and very much easy to start up. As long as you have the basic understanding of computing. With the current advancement in technology, anyone that is willing to go into the business can start from any part of the country as long as there is internet connection and availability of basic computer accessories.
CATEGORIES OF RECHARGE CARD BUSINESS
1. THE RECHARGE CARD DEALERSThese are the set of people that are directly involved with the mobile operators. They deal with them through their registered company with the appropriate licenses to operate in the dealership business. This category of the business requires a lot of capital. Recharge card dealers in Nigeria, after getting the merchandise from the operators, sell to the wholesalers. It will be important to note that a capital of about N14- 22 million will be needed to start in this category
2. THE WHOLESALERS
This is the category of people next to the glo, airtel, etisalat or mtn dealer in Nigeria. They buy from a list of recharge card dealers at a little bit higher rate than the dealers buy from the operators. The capital required to start this is not as much as that of the dealership. As the Lagos or Port Harcourt dealers themselves have a lot of wholesalers they do business with. So with just a minimum of N1million , an entrepreneur can start the wholesaling business of recharge cards.
3. THE RETAILERS
These are the set of people that sell to the final consumers. They buy from the wholesalers. And this set of people require less capital to start with. With as less a N20,000 or just N10,000, an individual can start a recharge card retailing business in Lagos. The profit margin available to these set of people is quite low, but on the cumulative side, they tend to make more money if much sales is being made on a daily basis.
RECHARGE CARD PRINTING PROCESS
How to print recharge card with my phone: Glo, etisalat, airtel and mtn recharge card printing software download
There are two different means available for the printing of recharge cards for those that want to engage in the business in Port Harcourt and other parts of the country.
1. SOFTWARE : With the advancement in technology, it is very much possible to utilize a free download software to print recharge cards. This can be acquired from major recharge pin dealers or agents and then installed on your computer system, of which the universal recharge card printing software would have been configured to print recharge cards of different denominations from different network operators.
What you need to print recharge cards through this means are just
• A desktop or laptop computer
• Internet access
• Best recharge card printing software solution
• Printer
• Recharge PINs
And you can as well utilize an internet café to get you access to the internet if you are not readily connected to the internet. All you need to do is just to be cautious of the center you use, so that your details or data are not infiltrated.
2. POS MACHINE: Nowadays, it is possible to utilize the POS machines to print recharge cards. This is quite easy to use, as the POS would have already been programmed to perform such functions. All an entrepreneur needs to do is to acquire a recharge card printing machine from the accredited dealers and then get adequate instructions of how to operate it to print the different recharge cards. Go online to get the current recharge card printing machine cost in Nigeria and where the machines are offered for sale.
PROFIT MARGIN
The profit margin of this business depends on your level of capital you infused into starting a printing gsm recharge card business. As a dealer, you are definitely going to make a lot of profit since you deal directly with the network providers, who you can negotiate with depending on the amount of money you are bringing to them.
The wholesalers are also into much profit making. As they sell in bulk to the retailers and for the fact that you have a lot of retailers you trade with gives you an opportunity to make much money as well from the little that comes from each of them, which when combined, will make a very good handy profit.
The retailers as well make some money, though this is very much dependent on the rate at which sales come in and the kind of location the business is well located.
In all, recharge card printing business in highly lucrative as it is a very good means of tying down cash, since the card don’t easily expire in a very short time.
Recharge card printing business plan
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