HOW TO START A DATA RESELLING BUSINESS IN NIGERIA 2021: THE NEW METHOD (COMPLETE GUIDE)

 

https://www.africanbase.com.ng/2021/03/how-to-start-data-reselling-business-in-nigeria-2021.html

START THIS BUSINESS IN NIGERIA WITH ONE THOUSAND NAIRA

Making money in Nigeria has become so easy, a million thanks to the internet. 

Data reselling business is not a new business model. This business is the type that requires a small amount of money as capital, but a significant amount of profit.

WHAT IS DATA RESELLING?

Data Reselling is a business model in which an individual buys data bundles in bulk and resells them to consumers in small quantities for a profit.

A data reseller is an individual who purchases data bundles from VTU platforms and telecommunication companies and sells them to people at a higher price to make a profit.

Nigeria has four major telecommunications companies which are Airtel, GLO, MTN, and 9Mobile. However, MTN has the largest coverage in Nigeria due to a large number of internet users especially youths who use their service.

MTN sells 1GB for ₦1,000 and 1.5Gb for ₦1,200. As a data reseller, you can get 1GB MTN data for as low as ₦250 and sell them for ₦400 or more. A data reseller can purchase such data at a cheaper rate and sell it to his customers at a higher rate and makes money from the markup.

Financial institutions such as banks, fintech companies have added airtime top-up and data purchases to the services available on their mobile apps and USSD codes. They make a huge profit when their customer purchases data and airtime from any of their platforms.

However, banks and fintech companies are not the only ones who can make a profit from this business model.

Within the last few months, I have made a profit of more than N100,000 monthly, reselling data to people and small businesses around me. I have become the go-to person in my area for cheap data. Before starting this business, I was broke and always looking for where to get money. After being introduced to this business, I could get cheap data for myself which reduced cost for me, and I could sell cheap data to people which brought in a lot of profits. Today, I make a lot of profit reselling data and other related products.

REQUIREMENTS FOR STARTING A DATA-RESELLING BUSINESS

Starting a data reselling business does not require too much. These are the things you require starting a data reselling business in Nigeria:

A LAPTOP/SMARTPHONE: Data reselling business can be conducted comfortably both on your laptop and on your smartphone. Conducting this business on your smartphone is even better and more preferable because it gives you a lot of freedom to carry out transactions on the go.

INTERNET CONNECTION: An internet connection is very crucial to the success of this business model. This is because, most times, data resellers find their customers online, so you need to be online as much as possible. Also, an internet connection is needed to carry out transactions on VTU platforms.

A BANK ACCOUNT: it needs A bank account to conduct this business. This is because you need a bank account to receive payments from your customers and to withdraw your profits from the VTU platforms.

CAPITAL/MONEY/FINANCE: You would have thought I would put this first since it is most likely the most important requirement. But that’s not entirely true. The start-up capital for this business is very low. As low as N1000. What is even better is that you can start a data reselling business without capital if you are smart about it. All you have to do, is get a customer, get paid before you fund your account. Very simple. That how I could start. Today, I make a huge profit from reselling data, cable subscriptions, airtime, and bulk SMS.

A DATA-RESELLING PLATFORM: Since you, as an individual cannot directly contact these telecommunication companies, you need a data reselling platform to buy cheap data and resell.

Data reselling companies get data on your behalf from telecom companies (GLO, AIRTEL, MTN, 9MOBILE, etc.) And offer them to you at an extremely cheap rate — the same wholesale price that these telecommunication companies sell to banks.

There are a lot of data reselling websites out there, however, I recommend using Gcybertech Enterprise 

Even if you start with N10,000, you can make anywhere from N2000 to N5,000 in profits daily, depending on how many sales you make daily.

The more people buy from you, the more money you make as a data reseller. You can tell your friends and people around you that you sell data at a cheaper rate than what they currently buy it for. Because nobody rejects the opportunity to buy things cheaper, especially in this pandemic, you will have a lot of customers coming towards you.

HOW TO START A DATA RESELLING BUSINESS IN NIGERIA

To start data reselling, you need a reselling platform. A reselling platform is a website where you can get airtime, data, airtime, cable subscription, and bulk SMS at cheap rates. Even if you are not buying data in bulk, these companies allow you to buy cheap data bundles online and in small quantities.

Therefore, data reselling companies allow you to purchase data at the same rate the banks buy them — even in small quantities.

HOW TO REGISTER ON GCYBERTECH ENTERPRISE

1). click here to go to register.

2). Fill in your details accordingly.
3) Proceed to carry out your transactions freely.

Some of the Gcybertechenterprise services which you can benefit from include:

  • Airtime purchases and internet subscriptions

  • Cable TV subscription payments - DSTV, GOTV, Startimes and other digital TV Services
  • Electricity bills payments, both Prepaid and Postpaid meters

  • Purchase of WAEC result checker pins
  • Bulk SMS service.
ALL TRANSACTIONS ARE COMPLETED WITHIN MINUTES.

WHY YOU SHOULD START A DATA RESELLING BUSINESS:

  • Low capital to start up, you don’t need a huge capital to start this business.
  • You can sell data to people with your smartphone anywhere, anytime.
  • You don’t need to have a website of your own to start.
  • You make commissions and make profits from each sale.
  • Data reselling is not stressful

BENEFITS OF STARING A DATA RESELLING BUSINESS IN NIGERIA

  • You can build a brand for yourself.
  • You make a lot of profits from this business.
  • You make money online by selling data bundles.
  • You grow your brand into a VTU business and start selling services.
  • Payments are made to your bank account.
  • You make commissions for yourself when you help people to pay their electrical bills.
  • People will see you as a reliable person if you are legit.
  • People will also refer you to their friends if your services are legit.
  • You will become financially independent

HOW TO FIND CUSTOMERS FOR YOUR DATA RESELLING BUSINESS

You can easily get your first customers in your home. Start telling your family about your business. Become their plug for cheap data.

Offer to recharge the cable subscription when it ends. Also, offer to send airtime to anyone who needs to buy airtime. That way, you will already start making a profit.

Another way to get more customers is by talking to your friends. Get them to patronize you.

If your place of worship uses WiFi, that is another place you can get customers. It is possible to become the data plug for the different branches in the area.

Schools are not left out. A lot of schools are adopting E-learning in Nigeria and constantly need data. Do your research and find out these schools in your area.

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