![\"recharge](\"https:\/\/nigerianfinder.com\/wp-content\/uploads\/2018\/06\/recharge-card-dealers-in-nigeria.png\")
<\/p>\nRecharge 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.<\/p>\n
If you\u2019re looking to join this line of business, you will need a good dealer to buy bulk recharge cards and pins from.<\/p>\n
In this post, we\u2019ve listed the major recharge card dealers in the country as well the process involved in setting up the dealership business.<\/p>\n
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Generally, there are three levels of recharge card dealership namely:<\/p>\n
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.<\/p>\n
Mega dealers need between N10 million to N15 million to start up.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Below is a list of recharge card dealers in Nigeria.<\/p>\n
If you\u2019re interested in starting a recharge card dealership, the process of starting up is highlighted below<\/p>\n
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.<\/p>\n
As a mega dealer, you will be dealing with major GSM service providers. And your customers will be wholesalers.<\/p>\n
For this type of dealership, competition is low but it is capital intensive.<\/p>\n
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<\/p>\n
Generally, as a wholesaler or retailer, you will need the following items:<\/strong><\/p>\n There are other options when it comes to printing your recharge cards as a dealer. These include:<\/p>\n Below is the summary of the process as a retail or wholesale dealer<\/strong><\/p>\n If you start with N400,000. You can start by buying stock worth N340,000.<\/p>\n Other expenses include:<\/strong><\/p>\n TOTAL<\/strong>: N60,000<\/p>\n 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.<\/p>\n","protected":false},"excerpt":{"rendered":" Recharge card business is a thriving business in Nigeria as it has been said that Nigerians spend N300 billion on … <\/p>\n\n
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