In this article, you will learn how to start a recharge card printing business in Nigeria. We will explore whether the recharge card business is a profitable business, the cost of starting a recharge card printing business in Nigeria and the step-by-step guide on how to start a recharge card printing business in Nigeria.
Recharge cards are a necessity in Nigeria especially if you own a phone that has one or two lines. Without loading your phones with recharge cards you cannot use your phone to call or browse the (internet) internet subscription.
This is why the recharge card business in Nigeria is profitable whether on as a retailer or a wholesaler. Especially as a manufacturer printing recharge cards you can make good money daily selling cards to wholesalers or retailers.
Read also: How to Make Money on Social Media in Nigeria
Is Recharge Card Printing Business Profitable?
How much can I make from the recharge card printing business in Nigeria? This is perhaps the most important question on this topic. The profitability of a business determines whether it is worth going into or not.
Recharge card printing business in Nigeria is a profitable business like I said earlier. There is no phone user that does not need recharge cards to be able to place phone calls or buy data subscription. Even with the invention of USSD codes and bank apps in Nigeria, many Nigerians still resort to buying recharge cards because USSD and bank apps fail sometimes.
So if you ask if there is profit in the recharge card business I will say yes. There is enough profit to be made especially as a recharge card manufacturer or distributor.
Read also: How to Start Waterleaf Farming in Nigeria
Capital Needed to Start Recharge Card Printing Business
The cost of starting a recharge card printing business in Nigeria varies. It depends on how you want to be printing your recharge cards. There are different ways you can print your recharge cards to sell. You can use the regular recharge card printing machine, a POS machine, or websites or apps for printing recharge cards.
The methods you want to use to print your recharge cards to sell will determine how much capital you need to start. However, to start a recharge card printing business in Nigeria you will need a minimum capital of #50,000 – #100,000 depending on the equipment already available to you.
Requirements for Recharge Card Printing Business
There are equipment you need to start a recharge card printing business in Nigeria. These equipment can also be termed as the requirements for recharge card printing business. They are:
1. Computer (Laptop or Desktop)
2. Internet subscription
3. Printing machine
4. Printing software
5. Recharge pins
Read also: How to Shop Online Safely in Nigeria
How to Start Recharge Card Printing Business in Nigeria
Here are steps to start a recharge card printing business in Nigeria.
1. Get the Required Capital
This is first step on how to start a recharge card printing business in Nigeria. You need to get capital because you need capital to buy the equipment you need to start printing recharge cards. So since the capital needed to start is not high you can then start almost immediately.
2. Acquire Recharge Card Printing Machine
There are different markets where you can buy your recharge card printing business in Nigeria. You can buy it in any local electronics market around you or buy it online using popular e-commerce stores like Jiji or Konga. There are different types of recharge card printing machines made by different brands.
These machines are also available in tokunbo or new. Any of these is okay. It just depends on your budget and what you prefer. Your computer that will Also be used for your recharge card printing business could be new or tokunbo.
It depends. The most important thing is that it can perform its everyday tasks to make sure your business keeps running well.
3. Secure a Good Location
You need a safe or secure location for your recharge card printing business in Nigeria. The last thing you want is to be rubbed while running your daily business. If you can afford a safe place like a shop or room you should rent the place.
If you cannot find a secure place you can use your house to run the business since it is the safest place to you especially if you are working with the capital above. Any place you are renting must have burglaries and a secured door.
4. Install your Equipment
After getting a secured location, the next step for you is to install the equipment you will need to print your recharge cards. You will need to first install your computer especially if you are using a desktop computer. Then followed by the recharge card printing machine.
The recharge card printing machine will help you print different recharge cards at different prices. It will print #1,000, #500, #200 and #100. It will also print different cards like MTN, GLO and Airtel.
5. Hire Staff/Workers for Business
To run your recharge card business in Nigeria successfully you will need at least two staff or workers. These workers will help you with the printing of recharge cards and to cut the recharge cards after printing.
Depending on the agreement, some of them might also help you in the distribution of the recharge cards to your customers – this is if you want to become a recharge card distributor alongside the printing of the recharge cards.
Before hiring people to become your workers in your recharge card printing business make sure the people you are hiring can be trusted and they do not steal from you. Some of them might not even steal the cards but they will load the pins just to resell.
6. Start Printing Recharge Cards
After fulfilling all these steps you can now start printing recharge cards to sell. Since you are just starting you can first produce some recharge cards first and sell to family and friends first. Remember you need to build your customer base before you increase supply.
There has to be enough demand before you can supply enough recharge cards.
Recharge card business in Nigeria whether the printing aspect or the wholesale or distribution is profitable because many Nigerians always want to call and subscribe for data (internet). The best thing about this business is the fact that it does not demand high capital to start too.
Image Credit to Jiji @ ChuksTec