STARTING DATA RESELLING BUSINESS

Data/airtime reselling is a very lucrative business. Gone are the days when only banks and others, are the ones reselling data and airtime making huge profits. Today, there are many opportunities out there, for anyone to become a data reseller. Also, this business is a venture that you may start with as little capital as ₦1,000 and yet make big profit in return.

 Data/Airtime Reselling 

Data and/or airtime reselling is a business model, in which an individual buys data bundles or airtime in bulk, and resells to consumers in small quantities. However, a reseller is an individual who buys data bundles and/or airtime from a VTU platform, or telecommunication company, and sell to customers at a higher price in order to make profit.

In Nigeria we have four major telecommunication companies (network providers) such as MTN, Globacom, Airtel and 9mobile etc. Among them all, MTN seem to have the wider patronage, due to the large number of users.

As you may have known, MTN sells 1GB data bundle for ₦1,000. However, as a data reseller you can get MTN 1GB for as low as ₦235 and resell for ₦300 or more. And MTN airtime for ₦95 and resell for ₦100. You earn ₦5 profit for every ₦100 airtime.

Financial institutions such as banks and others, are reselling data and airtime through their mobile apps and USSD codes. They make huge profits as their customers purchase data or airtime through their apps. Today, you too can join the bandwagon, and be making huge profit as well. You could make as much as 30k monthly.

Many people who were broke before venturing into this business, today are making profits as much as 10k, 30k or more, depending on their patronage. They are able to get cheap data or airtime for themselves, and it reduces cost for them. Also, they are able to sell cheap data to people, and be making huge profits. You can't afford to be left out on this!

Requirements For Starting 

Many people may think starting a data and/or airtime reselling business requires a lot of money. No, it doesn't. Starting a data reselling business doesn't require much.

The following are some items you need to start a VTU business in Nigeria:

1. Laptop/Smartphone: You can operate a data/airtime reselling business comfortably with either your laptop or smartphone. However, doing it with your smartphone is better, because it enable you to carry out transactions on the go. 

2. Internet Connection: You need internet connection to operate this business. This is because most times data resellers find their customers online. So, you need internet to connect with them online. Besides, you'll need to fund your VTU wallet for transactions. Even so, internet connection is required to carry out transactions on a VTU platform. 

3. Bank Account: You need a bank account to operate this business. This is because not in all cases your customers may pay you in cash. Sometimes, your customers may choose to make a transfer to your bank account. Besides, customers you find online can't pay you cash, since you are not meeting physically. Hence, they may have to pay you through a bank transfer. Also, you need a bank account to withdraw your commissions or profits from the VTU platform you use. 

4. Capital: Like any other business venture, you need a capital to start a data/airtime reselling business. However, don't get panicked. The start up capital may be very little. It could be as little as ₦1,000. At least you can afford that. Interestingly, the profit you'll earn will be ×10 the amount you started the business with. 

5. Data/Airtime Reselling Platform: Another word for data/airtime reselling is data merchant. Hence, you'll need a merchat platform to carry out transactions. Also, since you may not have a huge capital to acquire the license from the network providers, such as MTN, Globacom, Airtel and Airtel, you need a company to purchase cheap data from and resell to people. A data reselling or VTU company get data from the network providers, and sell to you at a cheap rate. 

There are many data/airtime merchants out there. However, we'll recommend the one we partner with. click HERE for details. We recommend this company because it doesn't require big money to start. The start up cost (to register your merchant account) is just ₦3,500. 

Getting Started 

In order to start a data/airtime business you need a VTU platform to begin with. A VTU platform is a website where you can get data, airtime, cable TV subscriptions, electricity subscriptions, bulk sms, recharge card pins and others. Moreso, VTU companies enable you to purchase data or airtime at cheaper rates, the same way banks get theirs and sell to make huge profits. 

Click HERE to contact us to create your own data/airtime merchant's account. Account opening cost just ₦3,500! 

The following are the benefits you get when you open a merchant's account:

▪️You buy cheap data. You buy MTN 1GB data for ₦235. You buy airtime for ₦95. 

▪️You receive ₦500 commission when your referral upgrade to a reseller account. 

▪️You buy at a cheap rate. You make huge profits. 

▪️You build your own brand. You don't need to spend money to build a website. 

▪️You can use a smartphone. 

▪️You become financially independent. 

▪️You become your own boss. 

 

Data/airtime reselling is now the bane in Nigeria. Prior to now banks and others, were the only ones enjoying this privilege. However, today many other individuals have ventured into it, and are raking lots of profit. The good thing is that the start up capital for the business is not as expensive as people have thought. As little as ₦1,000 you can start a data/airtime reselling business with the company we are recommending to you. 

Therefore, wait no further. Grab this rare opportunity to start up your own business - data/airtime reselling. Make big profit as you go!

If you are interested to start your own VTU business, click HERE to contact us to create a personal account for you. It cost just ₦3,500!

Subscribe to "EasyOkubo" news channel on telegram!