SME Data Reselling business is no doubt one of the fast-growing businesses in the telecommunication industry in Nigeria. It is a profitable business that will always exist as long as people continue to use the internet.
Data Reselling is done by individuals, companies, bank, financial institution and many more. They are basically purchased data from VTU platform & telecommunications companies which are sell to people at a high price in other to make profit.
One interesting thing about SME Data Reselling business is that you don’t need high capital or a shop to start the business. All you need is just a phone or a laptop to start making money from the comfort of your home.
In this article, I will show you how to start SME Data Reselling business the easiest way and how to make money from it.
What’s SME Data Reselling Business
The phrase “data reselling” could be used to describe the business of buying (by individuals or companies) data in large scales directly from telecommunication companies and then reselling such data to end-users in smaller quantities, thereby earning some profits.
This data is referred to as SME Data which comes at cheap and Affordable price for easy buying.
Who Is A Data Reseller
A data reseller acts as a middleman between telecommunication company and the consumer. The data reseller buys bulk data at a reduced price and he sells it to the end users.
The reseller can sell data through his website, social media channels, billboards and so many ways.As a data reseller, you get to make money the price difference from the price difference of buying in bulk and selling to customers at a slightly higher price.
What Is Required To Start A Data Reselling Business
Data Reselling is totally a business that doesn’t require much capital for start. You might be wondering how much will be needed for you to go into this business but trust me, you can start this business with as low as N1,000.
Money is part of the requirements of the business because without money, you can’t go into it. But with just N1000 or even the customers money, you can smoothly run the business. Not limited to this, there are other requirements to look into before you start this business.
Laptop or Smartphone — Once of the requirements to start this business is a laptop but if you don’t have a laptop, you can use a smartphone.
Internet Connection — Your laptop is basically useless if you don’t have a Active data connection on it. You will need an active data to buy sme data from reseller companies, to communicate with customers, etc.
Bank Account — Another requirements is a bank account. This bank account will be a means of paying to purchase SME Data from Data reseller companies. You will need it to receive payment from your customer also.
How Does Data Reselling Business Works
You will need to buy sme data bundles in bulk and sell in smaller quantities to your customers. Since you can’t directly buy the telecommunication giants, you will have to get it from one of the numerous reseller platforms.
For example, you fund your wallet with 5000 naira and buy 1GB data for 250 naira and sell for 300 or 400 naira. You will make profit from selling to people, the more people buy from you, the more money you earn.
How To Start A Data Reselling Business
To start data reselling business, you will need a reselling Platform. A reselling platforms are websites where you can get airtime and data at cheap rates. Even if you are not buying data in bulk, these companies allow you to access cheap data bundles online.
There are numerous platforms you can start data reselling in Nigeria. We have compiled Top 5 Website were you can purchase SME Data for reselling purpose at affordable price.
Not only can you resell data, you can also buy Airtime and resell, recharge cable and nepa bills, print recharge card, buy waec or neco pin, etch with some of the platform listed in the top 5 Website.
Benefit Of Data Reselling Business
- Low capital required to start up
- You can easily make money with your smartphone
- Data reselling is less stressful compared to SME data
- You don’t need to have a website to start.
- Earning potential is not limited
Frequently Asked Questions (FAQs)
How to sell the purchased SME Data
You need to advertise your business to make sales, sell to your friends and family members. You can advertise your business on Social media apk like WhatsApp using your status and placing advert with some WhatsApp Tv like FreebiesTv
How much is required to start reselling Data
Data Reselling Business does not require much capital, y6can start reselling data with as low as N1, 000.
Is data Reselling profitable
Data Reselling is no doubt one of the growing profitable businesses in Nigeria. All you need is enough customers to make enough profit.
Where can i purchase SME Data
Yoh can easily purchase sme data form this Top 5 Platform.
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