In this article, we will be discussing on the topic how to start a recharge card printing business in Nigeria
There are four major telecommunication service providers in Nigeria namely MTN, Airtel, Glo, and 9mobile, and almost every Nigerian uses them so tapping into this business is very lucrative
Many people in Nigeria recharge their Sims or phones daily either for call making or for data subscription and for them to recharge their phones, the card must have been printed by the recharge card vendor.
What Are The Requirements To Start A Recharge Card Printing Business?
There are some necessary requirements needed before venturing into recharge card printing business which are as follows:
- A good computer ( desktop or laptop)
- An active internet connection
- An email address
- A recharge card printing software
- A printing machine
- A4 papers
- Recharge E-pins
Which network is best for a recharge card printing business in Nigeria?
In Nigeria today, there are four major telecommunication network providers which you can partner with, they are as follows:
How profitable is the recharge card printing business in Nigeria?
So far people make calls and browse regularly in Nigeria, this recharge card printing business is profitable in Nigeria.
Before you venture into this business know the networks that are mostly used by people in your area.
In some areas where there are shortages of some networks, for instance, there is no need to print network recharge cards because no one will purchase them, go for the ones mostly used by people in your area.
Operation levels of the recharge card printing business in Nigeria
1. Recharge card mega dealer
In the recharge card printing business chains, the Mega Dealers are the biggest dealers.
As a Recharge card printing mega dealer, you work with the major telecommunication network providers in Nigeria like (MTN, Airtel, Glo and 9mobile)
The mega dealers purchases the recharge card pins (E-pin) from the network service providers directly then sells to the wholesaler
2. Recharge card wholesalers
The recharge card wholesaler is the second in the recharge card printing business chain, which is to purchase the recharge card pins directly from the mega deal.
The recharge card wholesaler is the one in charge of printing out the encrypted pins bought from the Mega Dealer,
The wholesaler is required to purchase the recharge printing software which is used to de-encrypt the pins.
The wholesaler after printing out the pins by decrypting the encrypted pins into 16- 18 digit pins, and then sell to the retailers.
3. Recharge card retailers
Recharge card retailers are the last chain in this business, they buy or purchase the printed cards from the wholesaler in small or large quantities then sell to the end user.
Retailers are small shop owners who combine recharge card selling with other things in order to maximize profits.
How To Start A Recharge Card Printing Business In Nigeria
As Mega dealers
Mega dealers purchase E-pins directly from the network service providers in Nigeria (MTN, Airtel, Glo, and 9mobile) in larger quantities then resell to the wholesalers.
- You need a good and active dealer to be purchasing the recharge card E-pin from
- You need a computer (desktop or laptop) with an active data connection
- Get the recharge card printing software from a mega dealer, download and install it on your computer
- Purchase the encrypted recharge card E-pin from a mega dealer which will be sent to your email address
- Then De-encrypt the encrypted pins received using the printing software received from the mega dealer, which you have installed on your computer
- Print and sale to the retailers
As A Retailer
As a retailer in the recharge card printing business in Nigeria, get a wholesaler in your region, purchase the printed cards and sell to end users.
How much does it cost to start a recharge card printing business in Nigeria?
How Much Does It Cost To Start A Recharge Card Printing Business In Nigeria As A Mega Dealer
As a mega dealer you need around ₦10,000,000 – ₦15,000,000 to start.
The profit as a mega dealer determine your investment capital, the higher your capital the more your profit
How Much Does It Cost To Start A Recharge Card Printing Business In Nigeria As A Wholesaler
As a wholesaler you will be needing between ₦100,000 – ₦150,000 or more to start up
How Much Does It Cost To Start A Recharge Card Printing Business In Nigeria As A Retailer
As a retailer you can start this business with ₦10,000 (ten thousand naira) or more depending on your capacity.
If you don’t have much capital you can start with as little as ₦5,000 (five thousand naira), then buy the lowest denominations like 100 naira and 200 naira rather than buying a higher denomination like the one of 500 naira, 750 naira, and 1000 naira.
Can I print a recharge card with my phone?
Yes, you can print recharge card using the online portals like clubkonnect, just register and become a member, fund your wallet and start printing out recharge cards, you can also sell vtu airtime, vtu data, pay electric bills, subscribe Cable like Gotv, DStv, startime and more.
A recharge card printing business is veritably profitable in Nigeria. Although numerous youths make use of VTU (virtual top up) and other internet styles to recharge their phones, numerous other age groups would like to purchase the physical printed recharge cards. These types of people will be your main target. That’s only if you choose to sell as a retailer.
However, you can sell airtime as a mega dealer or wholesaler, If you have the required start-up capital.