Best strategy to Start a Recharge Card Business in your location In Nigeria

Best strategy to Start a Recharge Card Business in your location In Nigeria

This kind of business is one of the most lucrative and now the profitable business which is dominating in Nigerian, but before you go into this business you will need to have much capital to start with. This enough capital will help you run the business efficiently.

You must know that GSM recharge card printing business is a business of All location in Nigeria, that means that you can start this business anywhere in Nigeria as long as there is a GSM service in that location.

This is a business you will earn according to how much invested. But you must know that GSM Recharge card printing business is not a business you can begin with small capital like N5, 000 and expect to make millions. Like I said it is a business you earn according to how much you sow, if you sow little you will rip little and if you sow big of course you will rip big.

Three Categories of Recharge Card Printing Business
1. Recharge Card Dealers :
There are regarded as recharge card merchants and obviously, they buy in large quantity of recharge card and pins directly from GSM Network operators. They can as well buy from another company that have a direct franchise with any of the GSM network operators in Nigeria.
These dealer buy in bulks of about the minimum of N10 million. Yes, N10 million is the minimum one would have to begin to operate in a level of dealer in recharge card business.
The dealers sell to the wholesalers directly. They don’t sell to the retailers or consumers.

2. Recharge Card Wholesalers:
The wholesalers are the ones who can start this kind of business with the range of N100, 000 and N150, 000 above. They sell to the retailers directly. One must know that the wholesalers are capable of making so much money if they could sell all their printed cards daily.


See how it works, wholesalers make at least N5 per N100 recharge card. If you can sell your N100, 000 worth of recharge card which is 1000 card

Mathematically:

N100, 000/N100 = 1000cards

Now,
1000 card x N5 = N5000
So, your gain will be N5, 000 per day if you can sell at least N100, 000 worth of recharge card daily

In  one month:
N5, 000 X 26 working days = N130, 000

You see in one month you will grab N130, 000
3. Recharge Card Retailers:
These are the ones that buy directly from the wholesalers and sell to the final consumers. They buy in bricks and one brick of recharges has about 10 pieces. They make N30-N50 in one brick on N100 recharge cards which means when they sell 10 piece of N100 worth of recharge cards they make N30, N40 or N50 as the case may be


Now, let get down to the business of starting a recharge card printing business in Nigeria.

Starting this kind of business and making a profit you will like, you really need to start as a wholesaler or even a dealer if you can afford what it takes. Then starting as a wholesaler, you have to know that starting with N150, 000 will help you get pretty profit.

Now, this is the reason behind my saying that you will have to start.
See how it works, wholesalers make at least N5 per N100 recharge card. If you can sell your N100, 000 worth of recharge card which is 1000 card
Mathematically:
N100, 000/N100 = 1000cards

Now,
1000 card x N5 = N5000
So, your gain will be N5, 000 per day if you can sell at least N100, 000 worth of recharge card daily

In  one month:
N5, 000 X 26 working days = N130, 000

You see in one month you will grab N130, 000.

Equipments You need to have to start this business in the level of wholesaler or dealer

1. Printer
2. Desktop Computer/laptop
3. Good internet connection/ Cyber cafe.
4. You will need pre-printed Papers:
5. You need to register with a dealer: