The business of trading gift cards in Nigeria is becoming very popular (i.e. the business of buying and selling gift cards) these days in Nigeria, hardly a day goes by without one seeing an advertisement of someone offering to buy gift cards or bitcoin at a good rate.
As many seek to remove themselves from poverty or perhaps to find a way were they don’t have to work for anybody but themselves, the gift card business keeps getting more attention, and many people keep searching for ways in which they can start a gift card business in Nigeria.
In this blog post, am going to show how to start a gift card business in Nigeria and make money from the comfort of your home.
If you are interested in learning this, make sure you read till the end and if you have questions, you can leave them in the comment section below and I will answer the ones I can. Alternatively, you can also visit the coinistnigeria contact page and reach out to us.
Let’s get into it then…
A gift card is a type of card that is used by a retail store. This card usually has cash value and can be used for purchases within that particular store.
This means that you can’t use a gift card issued by one store to make purchases on another store.
These gift cards are usually given out by the stores to ensure you return back to it. It is sometimes a strategy used by marketers.
Popular gift cards are steam wallet gift card, iTunes gift card, Amazon gift card, Google play store gift card, Walmart gift card, jc Penney gift card, Nike gift card, visa gift card, Nordstrom gift card, target gift card, apple store gift card, e-bay gift card, hotels.com gift card, Macy’s gift card, America Express gift card, Footlocker gift card, g2a gift card, Sephora gift card, iTunes 25 special gift card, Xbox gift card etc.
Many people are willing to sell their gift cards for cash at discounted rates, this makes an opportunity for smart business people to make money by buying them and selling at a higher price.
Many of you have probably wondered how people make money from trading gift cards, basically they buy gift cards at a lower rate and sell at a higher rate i.e. if for example someone is willing to sell a $100 amazon gift card for $60, the buyer can later trade that gift card for $80 and keep the $20 profit.
If the buyer keeps doing this, he/she can make a sizeable amount of money by the end of the month. I have seen people pull in as much 300,000 naira monthly from just trading gift cards, just imagine what that amount of money will do to your account balance.
Before you decide to start buying gift cards and make money by selling them, you need to know some few things like how to advertise your business (this in my opinion will be what will make and break your business), how to buy gift cards at discounted rate, where to sell your gift cards etc.
Getting customers for your gift card business will determine if you will be successful trading gift cards in Nigeria or not.
There are numerous ways to get customers, they are:
Once you are able to satisfy your first few customers, you will keep getting repeat customers. That’s all I have to tell you about customers.
In the next paragraph, am going to show you some of the best sites to sell gift cards in Nigeria.
The following listed are platforms where you can sell/redeem gift cards in Nigeria:
Patricia technologies limited is an e-commerce company that deals with trading gift cards, Patricia is a professional website that lets you trade gift cards, perfect money and Bitcoin.
You can trade amazon gift card, steam wallet gift card, eBay gift card, Walmart gift card, google playstore gift card and others on Patricia.
I particularly like Patricia, as I have had good experiences using them to trade gift cards.
You can read my full Patricia gift cards review.
Sellcardbtc is a popular gift card trading platform in Nigeria.
Sellcardbtc claim to have the best rates for gift cards in the country. Also they promise a very quick transaction process that should not take more than 10 minutes before you receive your payment.
On sellcardbtc, you can sell iTunes gift card, Amazon gift card, Sephora gift card, Google play gift card, steam Wallet gift card, Walmart gift card and all other major gift cards.
You can read my full sellcardbtc review.
Cardtonic is a gift card trading platform that is registered under the Nigerian corporate affairs commission with the name “cardtonic trading services” and RC number 2654401.
On cardtonic, you can sell a wide range of gift cards like iTunes gift card, Amazon gift card, steam wallet gift card, googleplay gift card, Walmart gift card, Sephora gift card and all other major gift cards.
You can read my full cardtonic review
Cardnosh is a gift card trading platform that has been in operation since 2016.
On cardnosh, you can sell the major gift cards like iTunes gift card, steam wallet gift card, Walmart gift card, Sephora gift card, Nordstrom gift card etc.
You can read my full cardnosh review.
There are other platforms were you can trade gift cards in Nigeria, but the once listed above are trusted platforms that I have personally used.
NOTE: Coinistnigeria is in no way affiliated to any of these platforms, and will not be responsible for any misunderstanding between you and any of the above listed platforms.
As with any other business, there are negatives that come with trading gift cards in Nigeria:
If you are able to find a balance, you will be very successful in the gift card business. All in all, just make sure to be committed to being successful and always do your homework on things you don’t fully understand.
I hope that with this post, you now know how to start a gift card business in Nigeria. If you have questions, you can leave them in the comment section below and I will answer them as soon as I can.
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Thank you for reading and have a great day.