Tuesday, 2 October 2018

How To Start Recharge Card Printing Business In Nigeria 2018

how-to-start-recharge-card-printing-business-nigeria

A lot of people say that printing recharge card business is one of the most lucrative business venture to start in Nigeria,but just like every other business,it has its own challenges.

This article contains explicit details about all you need to know about recharge card printing business in Nigeria.
--
---
No doubt it is a very profitable business for people who have a very solid customer base with heavy capital,but what about the average person with the sum of N10k or 100k,can he or she venture into this type of business and make profit?

Recharge Card Business In Nigeria 2018,How To Start:

Q1: What are the advantages of starting recharge card business in nigeria?

A: Recharge card business is quite profitable in nigeria as long as you have a very strong customer base,and also the availability of GSM networks in your vicinity or where you reside.


People must recharge their phones daily to make calls,will explain further the advantages as we proceed. 

Q2: Can I start recharge card business with N10,000 and become a millionaire?

A: In other to make money from recharge card business in Nigeria you must have up to N100,000 - N200,000 thousand naira,take for example the profit you will make from N100 recharge card is approximately N5 Naira.
--
---
What this means is that if you sell N10,000 worth of cards daily, you will be making N5 x 100 = N500. 

But if you start off like lets say the sum of N150,000,you can be comfortably making N5k monthly.

Q3: How do I start recharge card business in Nigeria,How does it work?

A: There are basically three levels when it comes to the production of recharge cards in Nigeria,i will briefly explain them below:

Recharge Card Mega Dealers 

These are recognized big recharge card merchants that buy the cards and pins in large quantity directly from the major mobile operators in Nigeria eg Glo,MTN,Etisalat,Airtel Etc this category of people are also known as mega dealers.
--
---
This mega dealers/ dealers sell directly to the wholesalers, also note that before you can be a dealer,that has access to these network providers you should have at least between 10-15 Million naira.

Recharge Card Wholesalers

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

It is estimated that recharge card wholesaler make between N5,000 to N15,000 daily.

Recharge Card Retailers

Retailers are recharge card dealers that buy from wholesalers at a cheap and reduced price to sell to normal users.

READ ALSO: How To Buy A Used Cheap Car In Nigeria 

Those people that sell recharge card under umbrellas in the street are recharge card retailers,and they make between N500 - N5000 daily.
--
---
If you have the sum of N100k you can start at the wholesale level. 
With time coupled with a good customer base you can eventually earn more than N150,000 monthly.

Q4: What are the tools required to start these business?

A: You do not really need much,just make available these following items:
  • Laptop/Computer
  • Printer
  • Capital
  • Papers
  • Software
  • E-mail address
  • Internet connection
Laptop: If you don't have a laptop,you can use a cyber cafe or a business centre in your vicinity.

Printer: For convenience, its compulsory that you buy your own printer,but if you cant afford one now,you can as well use a business center near you.

Paper:You will need an A3 or A4 paper to print your recharge card pins.

Software: You will need a software to de encrypt the encrypted pin sent to you so that you can print it out.
--
---
Email: You should have a valid email address 

You need to decide what role you will perform in this business. You can act as a Mega dealer, wholesaler, or retailer:

Recharge card printing business as a mega dealer:

If you choose this role,as explained earlier, you will be dealing with major GSM service providers. 
Your will be selling cards to wholesalers. 
Here competition is low but as I explained earlier,its capital intensive.

Printing of recharge cards as a Wholesaler:

You will have to buy recharge cards from a mega dealer,and you should be ready to prints and sell cards to retailers. 

Printing and selling recharge cards as a retailer:

All you need to do as a retailer is to buy generated pins,then print it out and sell.

You can print the recharge card through the following means:
--
---
  • Online printing option - Print your pins online 
  • POS machine printing variant - Print the pins on demand via pos
  • Software: As explained earlier
  • E-PIN manager option
If you are still confused about how to start this recharge card business with N150k or 100k,let me quickly summarize the steps. You can also start this business with a lesser amount.

Quick Steps To Start Recharge Card Printing Business In Nigeria As A Retailer 
  • 1. Get an internet enabled laptop or use a cyber cafĂ©.
  • 2. Register with a mega dealer,they will send you their software.
  • --
    ----
  • 3. Download their software and install it on your computer.
  • 4. Order for recharge PINs through their website and pay the required amount you want.
  • 5. They will send you encrypted PINs
  • 6. These pins can only be read or de-encrypted  by the company’s software which was send to you.
  • 7. Use the software you downloaded and installed in your computer to de-encrypt those pins and print them out to sell.
Nigerians spend over N300 billion on recharge cards and data subscription every year,so starting this business will definitely generate a steady income for you.

If you have any questions,don't hesitate to ask.

26 comments:

  1. Tosin Olaonipekun14 March 2018 at 18:35

    Thanks for this article, find it so helpful. How do I get contacts of reliable recharge card dealers in Lagos

    ReplyDelete
  2. Thk, how can I get the contact of mega dealers on nnewi

    ReplyDelete
  3. how do i subscribe with any dealer...i reside in abuja here is my email traderanny@gmail.com...thanks in anticipation

    ReplyDelete
  4. Thanks for this...really helpful.
    Please how do I get contacts of mega dealers as I will like to become a wholesaler.
    My email is nerazzurrisk001@gmail.com

    ReplyDelete
  5. Thanks,for the information, pls, I need the contact of the dealer in Gwagwalada.thanks. 08167300102.

    ReplyDelete
  6. Thanks for the info.im interested kindly send me the contacts of mega dealers around Agbara ogun state or closer to this address.. thank... 07032539874 or Ozeden.henry@gmail.com

    ReplyDelete
  7. Thank u for your info, pls how do I get a mega dealer in onitsha, my gmail derahope@gmail.com. thank u

    ReplyDelete
  8. Well I would like to have that printing machine and how much is that going to cost and I'm here in ibadan, Kareemopeyemi008@gmail.com
    My mail to reach me

    ReplyDelete
  9. How do I get the printing machine and how much will it cost me to get it

    ReplyDelete
  10. How can I get the printing machine and how much will it cost me to get it,am at tollgate sango ogun state:here is my gmail to get me:Odunlamiomolara176@gmail.com THANKS

    ReplyDelete
  11. Please Connect me to a reliable dealer.
    08064054656.
    Or eyeneopudu@gmail.com

    ReplyDelete
  12. do mega dealer sells lower unit of domination below 100units

    ReplyDelete
  13. Please how can I get connected with any mega dealer here or around Ado in Ekiti state? My mail is olamartinss28@Gmail.com

    ReplyDelete
  14. Thanks for the information, how can I get a dealer in lokoja, kogi state. How much is the POS machine. My email is salahudeenshakirahopeyemi@gmail.com

    ReplyDelete
  15. Hello, Pls how do I subscribe to any dealer in Lagos. I live in Jakande.Thank you.

    ReplyDelete
  16. I went to Golad ,one of mtn partner in Ilorin. I was told there is no printing of recharge cards anymore, that u can only buy the printed ones from them.pls how true is this?

    ReplyDelete
  17. My mail is yettyhan@gmail.com

    ReplyDelete
  18. Thanks,for the information, pls, I need the contact of the dealer

    ReplyDelete
  19. Thanks a lot. To me this is my time.
    Please how can I get access to a reliable mega dealer in Taraba

    ReplyDelete
  20. With a N100,000, can I successfully get all the materials needed, including the printer, software,papers and the e-pins? How long does it take to get e-pins after payment

    ReplyDelete
  21. Can I successfully start recharge card printing business with N100,000? (note: I do not have any of the afore mentioned materials all I have is a N100,000)

    ReplyDelete
  22. Your advice will be highly appreciated. I want to go into recharge card printing business, I've got non of the aforementioned requirements all I have is a N100,000. Can I successfully start the business?

    ReplyDelete
  23. Thanks for that piece boss pls need contact of mega dealers in ibadan

    ReplyDelete
  24. Thanks for this useful article. I want to start the business as wholesale, but I don't know any dealer (where I can get the pin from) I will really appreciate it if I can get it through you.

    ReplyDelete
  25. Thanks for this useful article. I want to start the business as wholesale, but I don't know any dealer (where I can get the pin from) I will really appreciate it if I can get it through you.

    ReplyDelete
  26. i also need contacts of a company to register with, i want to be a wholeseler
    Email roughdiamond989@yahoo.com

    ReplyDelete