Start Recharge Card Printing And Selling Business Online

• Integration Of Custom API.

Is that not huge!

Now how much?

VTUpress has 3 plans and also comes with a free 3 days trial.

Aside from the free trial, VTUpress has Personal Plan, a Premium plan and Agency package.

The personal Plan is billed yearly for ₦10,000 naira, the Premium plan for ₦35,000 and Agency Package (Lifetime package) for ₦100,000.

Let’s move further,

After choosing a plan that is right for you.

Next thing is to set up your WordPress site and install VTUpress Plugin in it,

Activate and set up your pricing, if you are not too techy.

VTUpress developer team can handle the whole process from start to finish.

After the Activation and set-up of API pricing, you are set to start selling airtime and data online.

Also, you would be able to vend recharge card pins and print them on your A4 paper or just sell them online automatically.

Alternative Ways To Start Recharge Card Selling Business in Nigeria

Alternatively, you can start a recharge card business offline without having to make use of the VTUpress plugin that enables you to sell recharge cards online.

The recharge card business is quite profitable in Nigeria as long as you have a very strong customer base, and also the availability of mobile networks at your business location or where you reside.

This business anchored on the fact that people must recharge their phones daily to make calls, buy data, and do many business transactions.

Follow me here as I show you seller level

Starting a recharge card selling business offline involves the following steps;

1. Mega Dealer

This involves big recharge card merchants that buy the cards and pins in large quantities directly from the major mobile operators in Nigeria, like Glo, MTN, 9Mobile, Airtel, Ntel, etc. They are known as mega dealers in the recharge card business.

In the pyramid of the recharge card business, the mega dealers sell directly to the wholesalers. However, the cost of becoming a Mega dealer in Nigeria is very high and requires about 10 million nairas.

2. Wholesaler

Recharge card wholesalers buy directly from Recharge Card Mega Dealers at a discounted price and they, in turn, sell to the suppliers and retailers.

It is estimated that recharge card wholesalers make between ₦5,000 to ₦15,000 daily.

3. Supplier

As a recharge card supplier, you will be buying directly from the recharge card wholesalers and selling to the retailers.

Recharge card suppliers are often referred to as the middlemen in recharge card business in Nigeria. It is estimated that a recharge card supplier earns between ₦2,000 to ₦5,000 daily or even more.

However, to succeed as a supplier, you will need to have a motorcycle or even a bicycle, which is also a necessity to reduce the cost of transportation for you.

You will need a capital of at least ₦50,000 to ₦100,000 to fit into this smart business. The chances of becoming a recharge card wholesaler under one or two years of operating the business are high.

4. Retailer

This involves starting at the retail shop end and selling directly to the consumers. When starting the business this way you purchase the cards from wholesalers and go on to sell them to the consumers making a bit of profit.

To make the business boom, you can add other sellable items like snacks and drinks that will attract customers to your shop and make them buy more from you.

If you have good capital for this business, you can operate both as a retailer and wholesaler. With time coupled with a good customer base, you will be earning close to ₦170,000 monthly.

I think from my assessment, starting a recharge card selling business either as a retailer or wholesaler is far better than sticking with a white-collar job that limits you to a monthly salary of about ₦40,000 to ₦70,000 and gives you no time for other personal financial growth.

You will agree with me that surviving in Nigeria with a monthly salary of ₦50,000 is becoming practically impossible going by the high cost of living.

 If you are looking forward to starting a recharge card wholesale business, it is important to understand the requirements and most especially, the cost involves to start the business.

What then is the recharge card wholesale price in Nigeria?

It is estimated that you will need about ₦500,000 to successfully run a wholesale recharge card business in Nigeria.

• Read Also: How To Register For Moneypoint POS in Nigeria

Conclusion: Start Recharge Card Selling Business in Nigeria

In conclusion, the Recharge card selling business is an evergreen business in Nigeria that will continue to flourish due to high demands to make calls, and data subscriptions with our mobile phones.

If you are looking forward to investing in this business, you can start with VTUpress by creating a VTU website where you can sell airtime and data online. Or you can start either as a dealer in Nigeria either by wholesale, retailer or supplier.