Have you ever think of starting recharge card printing business in Nigeria but don’t know how?
I guessed that’s why you landed here.
There are tons of business ideas in Nigeria which you can engage yourself in, in order to become your own boss. Either you’re thinking of making money as a student in Nigeria, a stay-at-home wife or a frustrated graduate, I dedicate this blog to you all in order to get new business ideas around you and how you can make hefty income online.
Here, I have shared different business ideas ranging from how to start egg delivery business in Nigeria and others. But, this post is a guide for those who wish to venture into recharge card printing business in Nigeria with “infinite” money making possibilities.
Whatever your question about this business may be, this post has got you covered. All you need is to keep your eyes wide not to miss any words here.
But you may be asking…..
Is Recharge Card Printing Business in Nigeria Really Profitable?
Yes, it is profitable!
In fact, this business has been turning many Nigerians who venture into it to become financially stable. I bet you can even do well to join the lead of those making money in Nigeria from Recharge Card business.
But to be sincere, it takes diligence, dedication and a little bit of “hard-work”. I know you’re already know this already.
Proofs the Recharge Card Printing Business is Profitable in Nigeria
Recent reports has from NCC (Nigeria Communication Commission) shows that there are presently 173 million active subscribers in the Nigeria’s telecoms industry. The number is pretty huge and you too can earn a lot of money if you tap into this great pool of subscribers.
According to recent statistics, Nigerians spends about N197 billion on data subscription per monthly, and N256 billion on airtime purchase across different telecoms. Totally N453 billion every month!
This is to prove the huge amount of money being made in the sector which you can partake in.
How 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), give them out to distributors or better still — if you’ve got time, engage in the distribution yourself.
So you see it’s pretty simple, there isn’t much stress, just sit in front of your PC and begin printing out money, sorry recharge cards.
Here is another big deal…..
Just like food business, this is one business that isn’t fading away anytime soon. Reason is, as long as we yearn for communication, people will always buy recharge cards, either for data or airtime.
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Most people spend more than N20,000 monthly on data only, some spend similar amount on airtime. This seems like an interesting business (it’s actually interesting) that’s why I’ve decided to write on it.
How can I really start this business?
Let see the requirements before getting started.
Requirements for Starting Recharge Card Printing Business in Nigeria
This should be the number one tool on your list, with this you can print any amount of recharge card.
- Email address:
Recharge PINs will be sent to you via email so you’ll be needing it
- Recharge Card Printing software:
They are lots of recharge card printing software available for purchase, with at least N10,000 you can get a good software.
Paper, it’s also a necessity, you’ll be needing much of it. You can start with little quantity in the main time.
- Internet connection:
You won’t be needing much of it — but just so you know
Any basic printer that can print legibly will be good for a start.
Now, let start discussing what you’re really here for;
Recharge Card Printing Business in Nigeria: Step-by-Step Guide to Start
1. Get the requirements
With the aforementioned equipment in place, you’re well on your way to starting this lucrative business.
We don’t need to talk too much on this. But you may be asking…
How much do I need to start recharge card printing business in Nigeria?
Well, to start this recharge card printing business in Nigeria, take a look at this break down:
- Laptop – Fairly used will cost N35,000 upwards
- Recharge Card Printing Software – N9,000 upwards but you can get it for FREE
- Standard A4 Paper – N2,000
- Printer – You can get from N25,000
- Data connection – Your usual data connection is enough
- PINs – let say N80 for card, making N8000 for 100 pieces of recharge card
The total is approximately to N80,000.
But in most cases, you may have a laptop… So deducting that means you need something like N45,000 to start this business.
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But what if you’re lucky to get the recharge card printing software for free? It means you’ll need to start recharge card printing business in Nigeria with just N35,000.
So, you’ve gotten the requirement, let move on to the next step.
2. Define Your Model for this Business:
You need to decide if you’d like to be a major dealer, or you just want go on and print.
Being a major dealer will require you 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.
All these should come to your mind, for starters, I’ll suggest you start with one network — the one that’s popular in your vicinity. Once that’s sorted out, think of value of voucher you’d like to print, N100, N200, N500 or N1,000.
There are mega dealers which you can seek, or register with, example is the BenJack group, NT, NetDivo etc. But for the sake of this post I’ll like to stick to the actual telecoms.
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://bit.ly/2VkJgVz
After contacting them, the next thing is to;
4. Getting the Recharge Card Printing Software
Recharge printing software are of many types and got many requirements. You can get the software from the telecosm, 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 (normally via email).
These PINs are encrypted so as to prevent interception from malicious persons who may try to steal the PINs, if you’re 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 — helping to cut loses and reduce risks.
This software can purchased ranging from N9,000 upwards – and it’s once in lifetime payment as long as you installed it in your PC and back up the file somewhere safe. But you can also get it for FREE!
5. Getting To Recharge PINs
Upon registering with a dealer or telco, you’d be given official communication channels, software and other help 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 move to the next step.
According to my experience about this business, you can get the N100 recharge PINs for as low as N90 – N930 for each 100 recharge card.
Remember I told you we’ll be needing a printer in this business, well it’s time we put it into use.
After decrypting the encrypted PINs using the software on your PC, you’re almost ready to start making your first profit from 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 your products.
NOTE: You can only print out the amount 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
I’m tempted to say that this is one of the most important factor to consider before starting a recharge card printing business in Nigeria.
This is where market survey comes in, you’ll need to know recharge card retailers and wholesalers in your vicinity, 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 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.
8. Register Your Business Name
You have done some great job and I strongly commend you for that.
But that’s not all you need to. In order to fully establish your recharge card printing business in Nigeria, you’ll need to register your business with the Corporate Affairs Commission, CAC.
Registering your business will boost your morale and your potential customers will trust that you’re the perfect recharge card printing dealer they can rely on without getting scammed.
So, how I register my business name in Nigeria?
To register your business name in Nigeria, you’ll need to choose a unique business name, reserve the name on CAC portal, Get availability code, register your business, get approval, download and upload document and finally collect your business name registration certificate.
I know that the explanation above might sounds difficult but, don’t worry as I fully got you covered.
I have written a blog post that can help you on how you can perfectly register your business in Nigeria. Go here to read it now!
After registering your business successfully, you’re now eligible to do your recharge card printing business in Nigeria without any issue.
But note that this is advisable but not compulsory.
We’ve taken through the steps required for starting a recharge card printing business in Nigeria, as you can see, it isn’t much of a difficult business, yet you still make good amount of money.
If your customer base increases, it’ll be advisable you expand, employ more hands, and maybe get a shops if you don’t have one.
Thanks for reading.
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