Table of Contents
How to Start Recharge Card Printing Business In Nigeria?
If you are looking for a new ways to make money in the country, try the recharge card printing business. This venture is profitable, no wonder so many people are involved in it.
In this post, we have provided a detailed guide on how to start a recharge card printing business in Nigeria and other things you should know about the business.
In Nigeria today it is common knowledge that recharge cards have become a necessity just like the food we eat. That is because communication is vital and since the emergence of telecommunications giants such as MTN, GLO, 9 MOBILE, and AIRTEL, purchasing recharge cards is essential to maintain communication through our Smartphone’s.
While there are other ways to top up our phones, the best way to top up is to buy a recharge card. What if we told you that the recharge card printing business in Nigeria has the potential to pump money into your pockets on a daily basis if you know the technique behind it.
Forget the myth or lies you may have heard about recharge card printing business. Lies like – the profit margin is too small, it is stressful, etc. One thing is certain in this business; these top-up cards are always in high demand because you don’t have to search for customers. They come to you and therefore you always have guaranteed sales and sponsorship.
To start a recharge card printing business, start as a reseller, sub-dealer, or retailer. Below you will find more details about each.
1. Resellers of recharge cards
You would need about N10 to N15 million if you want to start as a reseller in the recharge card industry. Dealers make the biggest profit when it comes to recharge cards because they do business directly with telecom companies. They get top-up cards from telecom companies, print in bulk, and sell to sub-dealers.
2. Sub dealers
To get started as a recharge card sub-dealer, you will need approximately N200,000 to N600,000 to get started. These seller categories sell directly to retailers but buy from resellers. They are the intermediary between resellers and retailers.
Depending on the sponsorship level, you should pocket a daily profit of about N5,000 to N10,000.
3. Dealer
This group of people is what we probably call recharge card sellers as they can be found in streets, shops, markets, etc. The capital requirement for retailers is between N6,000 and N10,000.
The profit margin here is a bit low as it depends on your daily trading volume. However, profit is still guaranteed and you can do other business than selling recharge cards.
How to start recharge card printing business in Nigeria?
Another business idea related to selling recharge cards is to print recharge cards. Nigerians involved in this type of business admitted to making a lot of money from it. This makes the recharge card printing business one of the prevalent and most profitable business ideas in Nigeria.
To start your printing business, you will first need the PINs printed on the vouchers. As mentioned, you can get these pins from major retailers. Pins are sometimes emailed to you at a discounted price. Thanks to the internet you can now find these trusted dealers online to buy the pins.
If you’re interested in getting involved, here are the tools you’ll need to get started:
· Capital
You don’t have to be a millionaire to start printing recharge cards. You need money to buy pins from resellers who sell in bulk and money to subscribe to the internet, especially if you want to send and receive emails from resellers.
· Computer with Internet Access
While you don’t need to own a PC, given the security risk of someone else hacking into your email to see your purchased PINs. As mentioned before, your computer has the recharge card printing software and must be connected to the internet in order to print the pins.
· Printer
The printer is very important, because it will be used to print the pins of the recharge card.
· Software
Finally, you will need the recharge card printing software to decode the PINs sent to you.
How to pay for recharge card PINs
Unless requested by the dealer to be done online, payment for top-up card pins is usually paid through the dealer’s bank of choice. After that, you send the payment details to the reseller.
The reseller will confirm payment has been made and send the purchased top-up card pins via email. We advise you to start printing about 150 recharge pins and, when you gain customer loyalty, you can increase the numbers.
Conclusion
Is the recharge card printing business profitable in Nigeria? Yes, it is profitable with many advantages. That’s because, people recharge their phones daily because of the need to make calls and send messages, so they will definitely buy cards to recharge their lines. Once you have clients, you earn a lot from this business idea.
