Start your own recharge card business today

Almost everybody in Nigeria has a mobile phone and need to make recharge to keep it functional. This is the reason recharge card business has become a very lucrative business to venture into in Nigeria. There is a misconception that, it is expensive to start a recharge card business but it is actually very affordable depending on the stage you want to start,the profit of this business is dependent on your influence on the market.
Stages of Recharge Card Business
Stage 1
The people in this stage are referred to as the dealers, they start by registering with the mobile network companies with some amount of money and are entire
to some incentives from these companies as time goes by.This is the most expensive stage of the recharge card business, they buy directly from the companies and sell to the people in the second stage.To start the recharge card business at this stage, a capital of about 20,000000 is required but the profit afterwards is enticing actually.

Stage 2
The people in stage 1 sells to people in stage 2.They are referred to as wholesalers, the capital is not as much as the one in the first stage. Even with a capital as low as 70,000 you can become you own boss because they don't have to register with the mobile network companies, they only buy from dealers and sell to the people in the final stage. Their profit is dependent on their influence on market because they make profit of about #5 per recharge sold.

Stage 3
This is the very simple stage of recharge card business that even students can try because they you can start with a capital as low as 5000.They buy from wholesalers and sell to the consumers. Their profit is dependent on their marketing abilities as they are the last stage the recharge card gets to be before the consumers. It is quite easy to start at this stage since there are no much processes.