Recharge card printing business in Nigeria is very lucrative, provided you have enough capital to start and run it properly and efficiently.
Recharge card Printing business in Nigeria is one that you can start at any location and still get massive patronage from all and sundry, so far there is a GSM network coverage in that location.
Since the early 2000’s when GSM companies stormed Nigeria, recharge cards have become a major necessity. Recharge cards today are already on of the basic necessities of life in Nigeria today.
We communicate daily with our phones, send text messages and surf the internet with our phones and computers and to do this, we need airtime. And that is exactly where the recharge card printing business in Nigeria comes in as the savior.
I laugh a lot when people ask me if it is possible to teach them how to print recharge card with calculator and four figure table and I just wonder where that idea is coming from.
How Recharge Card Printing Business Works
There are three levels of recharge card business and each of these level or category offers profit that is proportional to the investment capacity.
There are three major ways to start your recharge card printing business. You can either start as a retailer, a sub-dealer or a dealer. I would explain each one individually as well as the capital requirements for each of them.
Recharge Card Printing Business Retailers
This are mostly the people you buy recharge card from on a normal day, they include the roadside vendor and the call center guy.
Retailers are recharge card 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.
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.
Recharge Card Printing Business 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 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.
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.
Recharge Card Printing Business 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 there 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 printing 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 base on what you would like to be included in the next articles. The next article on recharge card will be according to your interest.
Feasibility and Profitability In Recharge Card Printing Business
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.
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How to Make Money Selling Mobile Recharge Cards Online
What do you need to get started with recharge card printing business?
As with any other business, starting a recharge card printing and selling business requires putting something in place. These include:
- A PC (desktop or laptop computer)
- A laserjet printer
- A software package for printing recharge card (Recharge card printing machine)
- A reliable internet connection
- Recharge voucher PINs (obtainable from dealers)
- The zeal to succeed
- N10,000 or more to start with
What are the steps involved in recharge card printing business?
For small-scale recharge card printing business, the process is quite straightforward and there’s nothing complex about it. Here are the steps involved:
- Connect your PC to the Internet (if you don’t have a PC, you can use a cybercafé—but having your own PC is highly recommended).
- Register with a company that has been licensed to generate recharge card PINs.
- Download the company’s custom card printing software package, and install it on your PC.
- Order for recharge card PINs through the company’s website and pay the required amount for the number of PINs you ordered. After making your payment, notify the company by sending the transaction details to them via text or email (you can also call them for quicker response).
- You will be sent encrypted PINs that can be read and interpreted only by the company’s custom software.
- Use the software on your computer to print out the PINs.
Recharge cards are fast-selling commodities, so you will hardly go wrong with this business. If you are armed with the relevant information and aggressive marketing skills, you can become a millionaire by printing and selling recharge cards.
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