Have you been trying to start your own profitable Recharge Card Business In Nigeria without reasonable success? I will show you how to start a recharge card printing business in Nigeria
A lot of people are looking for ways to make money either online or offline, and recharge card printing is one of those ways. Personally, I will consider recharge card printing business as both an online and offline job.
Is Recharge Card Printing Business in Nigeria Profitable?
You may be wondering if recharge card printing business in profitable
Yes, it is profitable!
People often recharge their phones every day because they need to make calls, buy data and send messages to their loved ones, friends, partners etc., so they will definitely buy a lot of recharge cards to do these.
This means that the business can be profitable as long as you have customers and getting customers requires a lot of hard work though.
In fact, this business has turned many Nigerians who venture into it to become stable financially.
How Does Recharge Card Printing Business in Nigeria Works?
In recharge card printing business in Nigeria, your job is to get the PINs, print them out on standard sheets of paper (at least that’s what we use these days right), give them out to distributors or better still; if you’ve got time, engage in the distribution yourself. Have written a well detailed article on how to generate recharge card pins for free for any network.
All you need to do is to just sit in front of your PC and begin printing out recharge card pins. So you see it’s pretty simple, there isn’t much stress in recharge card business at all.
To start a recharge card business, you either start as a dealer, a sub-dealer or a retailer.
- Recharge Card Dealers
Recharge card dealers make the highest profit when it comes to recharge card business because they deal directly with the telecommunication companies.They get recharge card pins from telecommunication companies, print in bulk and sell to the sub-dealers.
These category of sellers, sell directly to retailers but buy directly from dealers. They are the middle-men between the dealers and retailers.
Depending on the level of patronage, a recharge card sub-dealer should be pocketing profit of about N5,000 to N10,000 daily.
These set of people are the ones we probably call recharge card sellers as they are found in streets, shops, markets e.t.c.
The capital requirement for retailers is between N6,000 to N10,000.
The profit margin for retailers is kind of low as it depends on your turnover on a daily basis. Nevertheless, profit is still guaranteed and you can do other business alongside selling recharge cards.
In this post we provide a detailed guide on how can you start recharge card printing business in Nigeria and other things you need know concerning the recharge card business.
What you need to Start Recharge Card Printing Business
The requirements for starting recharge card printing business in Nigeria are:
- A desktop or laptop computers.
- Internet access.
- Recharge card printing software. For de-encrypting the pin codes which are sent to you
- Email address: Recharge PINs will be sent to you via email so you’ll be needing it
- Paper: A3 or A4 paper for printing out the recharge cards.
- Recharge PINs.
- Capital: You need a little amount of money before you can start recharge card printing business. This money are used to pay for the pins that will be sent to you through your mail and also for internet access
Step-by-Step Guide: How to Start Recharge Card Printing Business in Nigeria
1. Get the requirements
I have listed all the requirements needed to start a recharge card printing business above. Once you have all the requirements you can proceed to the next step.
2. Defined your model
You need to decide if you’d like to be a major dealer or a retailer
Being a major dealer will require you to get a store, and much more equipment, otherwise you could just be basic and make use of your living space.
Also you’ll need to decide on which network(s) you’ll like to print. Do you want to be printing all the four major networks, what amount will you be printing out?
3. Contact the Network Provider
After this you can go ahead and visit any of their offices to get official information from them.
Or you could follow these procedures:
Starting Recharge Card Printing Business with MTN Nigeria:
Send an email stating your intent to this email address: email@example.com
Starting Recharge Card Printing Business with 9Mobile Nigeria:
Send an email stating you’ll like to start printing their recharge vouchers: firstname.lastname@example.org
Starting Recharge Card Printing Business with GLO Nigeria:
You’ll have to visit their store in other to get started. You can see a list of stores near you here: http://www.gloworld.com/ng/support/gloworld-shops
Starting Recharge Card Printing Business with Airtel Nigeria:
Just like Globacom, you’ll still need to pay them a visit to get more info, you can check out their stores here: https://selfcare.ng.airtel.com/Stores
After contacting them, the next thing is to;
4. Get the Recharge Card Printing Software
Recharge printing software is of many types and got many requirements. You can get the software from the telecoms, or any dealer you’re dealing with.
The recharge card printing software has the ability to decrypt encrypted PINs that’ll be sent to you (PINs will be sent to you via email).
These PINs are encrypted so as to prevent interception from malicious persons who may try to steal the PINs, if you’ve sent the PINs and you don’t have the corresponding software to decrypt it, it’s basically useless. So that’s the importance of this software are to prevent losses and reduce risks.
5. Getting To Recharge PINs
Upon registering with a dealer, you’d be given official communication channels, software, and other helpful guides.
Using the appropriate communication channels, you could request for PINs and they’ll be forwarded to you via your provided email (what you used during registration), with the aid of the software, you can decrypt the PINs, so as to enable the move to the next step.
How much is Recharge Card ePins in Nigeria
According to my experience with this business, you can get the N100 recharge PINs for as low as N95 – N97 for each 100 recharge cards in Nigeria.
The N200 recharge card ePins can be gotten at the rate of N193.
But here is the truth you need to know;
The bulky (or more) ePins you buy and print, the more profit you’ll earn
Recharge card printing business in Nigeria is profitable, but become of the low earning on N100 cards, some people have given up. Meanwhile, if you’re printing the N100 cards together with other units like N200 and upward, you’ll earn some profit at the end of the day.
Remember I told you we’ll be needing a printer in this recharge card printing business
After decrypting the encrypted PINs using the software on your PC, you’re almost ready to start making your first profit from the recharge card printing business in Nigeria.
Also, you’ll need the standard A4 paper for your printing, your printer quality should be very good so as to increase legibility because subscribers don’t like stressing their eyes.
Print as many copies as you be able to sell, once this is done, you can start distributing or selling what you have printed.
NOTE: You can only print out the number of PINs you bought. It’s not something that you buy once and it will start multiplying itself.
7. Marketing your recharge cards to customers
Let me be honest with you, this is one of the most important factors or points to consider before starting a recharge card printing business in Nigeria.
This is where the market survey comes in, you’ll need to know recharge card retailers and wholesalers in your area, establish a business relationship with them. You can even start by selling at a discounted rate.
All these should be done to attract your initial customers, which will in the long run introduce you to other wholesalers/retailers.
You could decide to go to the lone-wolf-way and do this on your own, or you could employ someone who will be in charge of distributing the vouchers to your customers.
Whichever path suits you based on your budget, you’re at liberty to choose.
How to start a recharge card printing business in Nigeria
- Get your computer or laptop connected to the Internet or simply use a cyber café.
- Register with a legit company
- Download their software and install it on your computer or laptop.
- Order for recharge PINs through their website and pay the required amount into their bank account.
- Send them your payment details, e.g., name, email address, desired network, teller number and the amount paid.
- They will send you encrypted PINs (these PINs can only be read or interpreted by
the company’s software).
- Use the software on your computer to print out these PINs.
- Market your business
I have taken you through the steps required for starting a recharge card printing business in Nigeria, as you can see, it isn’t a difficult business after all, and you can still make good amount of money.
If your customer base increases, it’ll be advisable you expand, employ more hands, and maybe get a shop if you don’t have one. You can also check my article on how to generate recharge card pins online for free, in which you don’t need to spend a dime.
Thanks for reading and let me know your thought about recharge card printing business in Nigeria via the comment box below.