Recharge card business is a thriving business in Nigeria as it has been said that Nigerians spend N300 billion on a recharge cards and data subscription annually.
If you’re looking to join this line of business, you will need a good dealer to buy bulk recharge cards and pins from.
In this post, we’ve listed the major recharge card dealers in the country as well the process involved in setting up the dealership business.
Generally, there are three levels of recharge card dealership namely:
- Recharge Card Mega Dealers:
These are recognized big recharge card merchants that buy the cards and pins in large quantity directly from the major mobile operators in Nigeria eg Glo, MTN, Etisalat, Airtel Etc. These mega dealers sell directly to the wholesalers.
Mega dealers need between N10 million to N15 million to start up.
- Recharge Card Wholesalers:
This type of dealer buys directly from Recharge Card Mega Dealers at a discount price and they in turn sell to the retailers. It is estimated that recharge card wholesaler make between N5,000 to N15,000 daily.
- Recharge Card Retailers:
Retailers are recharge card dealers that buy from wholesalers at a cheap and reduced price to sell to normal users. Those people that sell recharge card under umbrellas in the street are recharge card retailers and they make between N500 – N5000 daily.
Recharge Card Dealers in Nigeria
Below is a list of recharge card dealers in Nigeria.
- SoniaTelicom | Office Address: 15a, Eka Street, Opolo, Yenagoa, Bayelsa.
- Love World Limited | Office Address: 23, Ikom, Four Corners, Ikom, Cross River.
- Royal Communication | Limited Office Address: 105, Igoli Ogoja, Igoli, Ogoja, Cross River.
- Tobek Communications | Office Address: 17, Giwa Street, Trade Fair Complex, Amuwo Odofin, Lagos.
- OneLink Telekoms | Office Address: 18, Mureni Street, Isolo, Oshodi Isolo, Lagos.
- Recharge Cards Online | Office Address: 35, Okeowo-Somorin Street, Ifako, Kosofe, Lagos.
- Murphy Communication | Office Address: Shop 1, Muu Road, Ijagbo, Offa, Kwara.
- Murphy Telecom | Office Address: Sango Eleyela Express Way Barrack Bus Stop Sango Ido Oyo.
- Tx Nigeria Ltd | Office Address: Owena Ijesha Raod Erinmo Ori Ade Osun.
- Richvision Limited | Office Address: 26A, Adesina Street, Awolowo Way, Ikeja, Lagos.
- Tessytop Productions | Office Address: 4, ASSBIF Street, Alausa, Ikeja, Lagos.
- Card Printing Industry | Office Address: Obele Street Amassoma Southern Ijaw Bayelsa.
- Easy and Quiet Limited | Office Address: 22, Fadahunsi Street, Ijesha Road, Surulere, Lagos.
- Heritage Fund | Office Address: 3, Ibiono Street, Chamley, Calabar South, Cross River.
- Boluwasayo Ventures | Office Address: 19, Giwa Inilu Street, Ikotun, Alimosho, Lagos.
- Sajoetech International Enterprises | Office Address: 8, Amoriwako Street, Arigbajo, Ewekoro, Ogun.
- Recharge Me Africa | Office Address: 18, Entienomuen Street, Off Children Medical, Benin City, Benin, Edo.
- Macson Mobile. Com | Office Address: 25, Saji Ayangade Street, Anthony Village, Kosofe, Lagos.
- ET And T Communications | Office Address: 21, Afaha Ugha Road, Eket Oron Road Eket, Eket, Akwa Ibom.
- AMB Communication Center | Office Address: 1, Bakine Tasha, Jbkjb, Babura, Jigawa.
- VM Technologies Limited | Office Address: 503, Busy Mart Plaza Jabi District, Obafemi Awolowo way, Jabi, Abuja.
If you’re interested in starting a recharge card dealership, the process of starting up is highlighted below
Prior to commencing your business, you need to decide what type of dealership your business will be. You have the option of mega dealer, wholesaler, or retailer.
As a mega dealer, you will be dealing with major GSM service providers. And your customers will be wholesalers.
For this type of dealership, competition is low but it is capital intensive.
As a wholesaler, you will be buying from the mega dealer, but you will be in charging of printing and selling the cards to retailers while as a retailer, your business is to buy generated pins, then print it out and sell
Generally, as a wholesaler or retailer, you will need the following items:
- Laptop: If you don’t have a laptop, you can use a cyber cafe or a business centre in your vicinity but if you’re serious about succeeding in business, then you should have a laptop for this business
- Printer: For convenience, it’s important that you buy your own printer. If you can’t afford one now, you can use a business center near you but it is cheaper to buy yours on the long run.
- Paper: You will need an A3 or A4 paper to print your recharge card pins.
- Software: You will need the software to de-encrypt the encrypted pin sent to you so that you can print it out.
There are other options when it comes to printing your recharge cards as a dealer. These include:
- The online printing option where you print your pins online
- POS machine printing variant where you print the pins on demand via POS
- E-PIN manager option
Below is the summary of the process as a retail or wholesale dealer
- Get an internet enabled laptop or you can use a cyber café.
- Register with a mega dealer
- Download their software the mega dealer sends to you and install it on your computer.
- Order for recharge PINs through their website and pay the required amount you want.
- They will send you encrypted PINs
- These pins can only be read or de-encrypted by the company’s software which was send to you.
- Use the software you downloaded and installed in your computer to de-encrypt those pins and print them out to sell.
If you start with N400,000. You can start by buying stock worth N340,000.
Other expenses include:
- Transportation: N20,000
- Salary for sales representative: N20,000
- Business card: N5,000
- Phone for sales representative: N10,000
- Cost of recharge card for calling retailers: N5,000
You can expect to sell your stock within 30 days and based on your profit margin you can make an average of N120,000 monthly.