There is no doubt that telecommunications is one of the most lucrative business one can do and be making good money from it. Many people are looking for a way to make money online, but the problem is how do you really start or where. In this post, I will show you how you can start making money online and the specific topic I will discourse here as regards to making money online is data reselling business.
This post is is about data reselling business in Nigeria for 2018. I am going to explain what data reselling business is and how you can start data reselling business in Nigeria and start making money so let’s get started.
The Ultimate Guide To starting Data Bundle Reselling Business In Nigeria
The data bundle Reselling business in Nigeia has really kicked off. You see a lot of people selling data either on WhatsApp or Facebook or any other platform they see fit. This is one of the best business ideas for students.
The first time I saw an advert where someone was selling MTN 1GB data for N600, I thought it was a scam; not until I knew that these people also had the authority to sell data to other people like the network operators.
One thing I have come to discover is that data bundle reselling business in Nigeria is actually a cool business. You can be earning income for some emergency funds.
If you notice, telecommunications is one of the most lucrative businesses in Nigeria now, and it can bring good money into your pocket.
You can be partners with these network operators and make money reselling data.
You don’t need a huge investment to start this business as it is one of the cheapest businesses to start in Nigeria.
The success of data reselling business in Nigeria is due to the fact that data has become one of the important needs of every Nigerian.
We search for data cheats everyday but can’t get them due to the fact that some of them may have been detected by the network operators and disabled them.
Many people have drifted their attention from buying from the network operators themselves to buying from these resellers at a cheaper rate.
Below is the price list MTN, 9MOBILE AND GLO data resellers resell their data
MTN Data Reselling Price
1GB – N470
2GB – N940
5GB – N2350
9MOBILE DATA RESELLING PRICE
250MB – N250
500MB – N350
1GB – N650
1.5GB – N1000
2GB – N1250
3GB – N1900
5GB – N3100
11.5GB – N7000
GLO DATA RESELLING PRICE
1.6GB – N900
3.65GB – N1800
5.75GB – N2250
7GB – N2650
10GB – N3550
This is the original data reselling price but your profit depends on how much you resell yours to customers. Most people sell the MTN 1GB for N600. Set your profit margin to suit you and your customer.
What is data bundle reselling business in Nigeria?
Data bundle reselling business in Nigeria involves the sales and reselling of mobile data plans by purchasing SME bundles from the network operators in bulk.
There are different ways to start this data bundle reselling business in Nigeria:
You can become a wholesaler
You can become a retailer
A wholesaler buys directly from the network operator in huge quantity and resells to retailers or consumers. To be a wholesaler, you need high investment to buy enough bulk data at a reduced cost. There is also a lot of profit from being a wholesaler.
A retailer is one that buys the data from a wholesaler. A retailer doesn’t need a lot of capital to start. You can start with the cost of purchasing unt. A retailer is like the middleman in the business. The retailer redirects the consumer to the whole saler and still makes their profit.
How much do I need to start data bundle reselling business in Nigeria?
All you need is a little capital and you’re set to go. It can even be said to be the cheapest business to start in Nigeria.
You don’t need to be a millionaire or have up to six figures in your account before you can start data bundle reselling. With as low as N1000, you can start and grow it onto something big.
All it takes is an intelligent mind and the right guide like this one. You need some requirements also before you can go into data bundle reselling.
Requirements to start data bundle reselling business in Nigeria
this is one of the easiest businesses to start in Nigeria. Even the requirements are cheap and at your disposal.
In fact, you might not need to spend any money getting these requirements. These requirements are everywhere. Listed below are the requirements to start data bundle reselling business:
- Smartphone/PC
- Debit card (also known as ATM card)
- Data reselling pack
Which network can I resell their data?
This is a brilliant question you should ask. You can resell data of airtel, MTN, 9mobile and Glo. All these major networks are available for you.
Now that you have known the requirements to start your data business, it’s time to start your business.
To kick-start your data reselling business, follow the following steps:
1. Register on this website: http://mobilenig.net
2. Click on ‘menu’ (if you’re using a mobile browser, this is located at the top right).
3. Click on ‘Data Menu’ and select ‘Buy Data.
4. Select the network of your choice.
5. Choose the data plan you want and type in your number.
6. Click’ buy data'(you’ll be required to fund your wallet before you can start to use any of the services.)
When you click ‘buy data‘ your data should be deposited in your mobile line within minutes.
Now, you can start reselling.
How To Start Reselling Your Data
You can start reselling your DAT to friends or if you already have audience, you can let them know of your business. I advice you to start with promo to help you get sales easily.
