Data Reselling Business in Nigeria

The Business of Data Reselling in Nigeria

BY: freebies4you tech/  friday 07 june 2019/  PUBLISHED IN Online Income,

The business of data reselling in Nigeria is considered as fairly lucrative business by some individuals, while others see it as a means to make some side cash. Whereas this business has quick-fixed the financial problem of some, chartered business individuals have tapped into the business to provide alternative income source or boost wealth.

Some individuals often think to themselves “what is data re selling”, “what are the requirements”, “how do I start”, “where do I start”, ”what are the benefit” and “the possibly disadvantage”. This article is aimed at providing enough information to people who have questions related to those mentioned earlier on. So let’s start:

What is data reselling?

Data reselling is a type of business in which a person (reseller), usually individuals or companies buys data from telecommunication companies in very large quantities and sell in small quantity to other individuals (end users/final consumers). It is important to note that these individuals or companies buy at a cheaper rate from these telecommunication companies and sell at a little or no discounted price to then end users. Common telco includes MTN, Airtel , 9mobile and Glo.
This business may require an account with an online wallet to be funded for all transactions.

Who is a data reseller?

A data reseller is a person or company who buys data in large quantity from telecommunication companies, and sell in small quantity or chunks to the end users (final consumers).
As with other businesses, sales success or profits may depend on patronage among other determinant
The resellers get to sell their stock by advertising on social media platforms and blogs

What are the requirements?

One key question for an anticipating reseller is “what is required of me”, but as it is, one really don’t need (to own) a sophisticated machine or more to start data reselling business. As a matter of fact, the things you will need to start are within your reach.
So, what are they?

• Smartphone/pc with a data or wi-fi connection
• A valid payment option (ATM card/Mobile Banking)
• Data reselling pack

You may also need

• Mobile banking App
• Google Drive App
• You cAN

How do I start?

Talking about capital, one can start with a capital as low as N5,000, as a data bundle pack starts selling from N1,000. This is inconsiderable to other SME business opportunity which require much more capital for a start.
You can start this business by registering.
Thereon you can buy data of any network of your choice.
Many of these portal work with wallet (which you’ll need to fund).
There you start selling from your wallet.

You can start selling data to your family and friends, and if you already have audience, you can simply just inform them of your new business. You can sell your data at fixed network cost to make money or at very discounted price/promo price to earn more customers, anyhow you’d do it is up to you. But know your sales success or profits would depend on how strategic you can be.
It is important to know that you do not need to own a website or blog to start or advertise your business, you can advertise your business using other platforms (such as social media)

What do I gain as a data reseller?

• It make you to be able to sell Bitcoin, Bulk sms, Gotv, Dstv, STARTIMES, Simple bundles, WAEC result checker, Virtual Top Up Airtime.
• It is less stressful compared to SME
• You can start with little capital
• It makes services purchase easier for the end users
• You will be able to sell data for all networks with one account
• You will be able to sell data at cheaper rate and still make your own profit
• You don’t need to be trained before you can start this business, as it’s very straight forward.

What you stand to loose

• It involves some risks.
• If you are doing this business online, it will take a lot of consistency
• It might require you advertise without guarantee for a reward on a short basis