Data reselling business is gradually becoming one of the surest ways of making money in Nigeria. Little wonder why we have so many people selling data on social media platforms these days. The major reason why data reselling business is getting popular in Nigeria is that it is profitable and easy to start.
In this article, you will know everything about data reselling business in Nigeria, including how much is needed to start and some websites where you can register as a reseller to sell data online.
Data Reselling Business In Nigeria
Data Reselling business is a fast-growing business venture in Nigeria which has been hijacked by passionate individuals and companies who are keen on making money online in Nigeria.
Many people have identified data reselling as one of the best ways to make money online in Nigeria, however, they lack technical knowledge about how to start the business.
Undoubtedly, a large section of the Nigeria population uses the internet. Many people use the internet to read and find out information about interesting topics.
Some people use social media platforms like WhatsApp, Twitter, Facebook, Instagram etc to connect to friends, colleagues and families.
The world has been digitalized and without the internet, a lot of things would have fallen apart. Without the internet, bank operations would fail, a business can be destabilized, valuable information will not be disseminated quickly and some internet businesses would be terminated.
The popular saying, ‘Data Is Life’ is enough to tell that a lot of people cannot do without the internet. Everyone ranging from a student, businessman, housewife uses the internet to perform various tasks and activities.
You can make money by starting a profitable data reselling business. This article has been created to help you start your own data reselling business from scratch.
What Is Data Reselling?
Data Reselling is a form of business in which an individual buys data bundles in bulk and resells to consumers at small quantities.
A data reseller in an individual who purchases data bundles from VTU platforms and telecommunication companies and sells to people at a higher price to make a profit.
These days, financial institutions such as banks, Fintech companies have added airtime top-up and data purchase to their services. They get to make money when their customer purchase data and airtime from their platform.
Nigeria has four telecommunications companies which are Airtel, Glo, MTN and 9Mobile. However, MTN has the largest coverage in Nigeria due to the large number of internet users who use their service.
MTN sells 1GB for ₦1,000 and 1.5Gb for ₦1,200. A data reseller can purchase such data at a cheaper rate and sell to people. There are data reselling websites where you can get MTN 1GB data for ₦450 and 2GB for ₦900.
Who Is A Data Reseller And What Does He Do?
A data reseller is an individual who gets internet data bundles at a very cheap price and resells it at his own rate to earn profit from it.
A data reseller can sell data through his website, social media channels or via his wallet. Today, we have a lot of data resellers selling internet data on Facebook and Instagram. Starting the data reselling business requires low capital and it can be done via mobile phone.
A data reseller is a middleman between the telecommunication company and the consumer. The data reseller buys bulk data at a reduced price and he sells it to the end-users.
How Much Is Needed To Start Data Reselling Business
Data reselling is one of the cheapest online businesses to start. It requires little capital and can be started with ₦1,000.
Even if you want to go on a large scale by setting up a website for your data reselling business, you don’t need huge capital for it.
However, your capital depends on the level you intend to operate. You cannot start the data reselling business with ₦1,000 and you expect to make ₦10,000 daily.
You start the data reselling business on the data size and scale you intend to operate. If you are going to be reselling and transacting with a large number of people daily, then you will need to start with ₦10,000 above.
Why You Should Start Data Reselling Business
The following are reasons why you should start data reselling business in Nigeria. They include;
- Low capital to start up.
- Ability to sell data on your mobile phone.
- You don’t need to have a website to start.
- You get to make profits from each sale.
- Data reselling is less stressful compared to SME data.
Benefits Of Data Reselling Business
- You get to build a brand for yourself.
- You make a lot of profits for yourself.
- Payments are made to your bank account.
- 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.
- Data reselling is a great way to make money from home.
- You can also do DSTV/StarTimes/GoTV subscriptions, sell airtime and send bulk messages as a data reseller.
Requirements For Starting Data Reselling Business
As long as you have the right tools, data reselling business shouldn’t be a problem to start. The following are the requirements for starting data reselling business.
Money is involved when starting a business venture, especially if it is a genuine one. Data reselling is not one of the ways to make money online without paying anything.
As a matter of fact, you need to invest or spend money before you start data reselling business.
However, this is not to say that you need to break the bank or empty your account to start. When starting the data reselling business, you need money to purchase data and also fund your wallet.
2. A Laptop or Smartphone
Data reselling is an online business which cannot work without a mobile phone or laptop. You can deputize your smartphone to start this business.
So there is no problem if you don’t have a laptop or computer system. You can run your data reselling business effectively from your mobile phone device.
3. Internet Connection
Data reselling also requires internet. You should have a steady internet around your area if you intend to start this business venture.
Most of the data resellers find customers online and also sell data online to their customers. Hence, you need to have a stay online regularly.
4. Data Reselling Pack
Data Reselling pack is a detailed guide that shows the structure and market analysis of the data reselling industry. A data reselling pack shows you the right platforms to use if you intend to start data reselling in Nigeria.
The data reselling pack is recommended for beginners, first-timers, novices and anyone who intends to adopt data reselling as a side hustle to make money online.
Get Your Data Reselling Pack From EPINMOBILE today.
5. Bank Account
Also, you need to have a bank account. Your bank account is the channel where you get payments from your customers.
After you must have received orders from your customers, you get to forward your account details to your customers. After you receive payment, you can go on to process the order and send the data to your customer.
How To Start Data Reselling Business In Nigeria
The question ‘How Can I Start Data Reselling Business In Nigeria?’ has been asked by a lot of persons. Data reselling business can be started by buying data from the telecommunication network company or partnering with a VTU website platform.
Before now, people made money from SME data reselling. Right now, it seems like data reselling is taking over the VTU market.
To start data reselling, all that is needed is to get a reliable data reselling website and register as an agent or reseller. From the platform, you get to fund your wallet, purchase internet data at a cheap rate and resell to your customers at a higher price.
The Jumia One App remains one of the best VTU and data reselling platforms to buy cheap airtime & data for yourself and other persons.
When you download the Jumia One App, you’re guaranteed to get 20% cashback on your first transaction and another 10% cashback on other transactions made on the platform.
How To Start Data Bundle Reselling Business In Nigeria From A VTU Website Platform
You can also choose to start selling data today by registering on a web platform. One of the trusted VTU website platforms for data reselling and airtime top-up is EpinMobile.
Sign Up Here to open an account. Your account will be verified when you make a payment of ₦1,000 (one thousand naira) for activation.
When your account is verified, you can fund your wallet and start selling data to your customers.
Another advantage of EpinMobile is that you can get 3% cashback on airtime purchases and you can send bulk messages from your dashboard.
How To Make Money From Data Reselling
Making money from data reselling is possible if you have an audience. The secret of being successful in the data reselling industry is having customers.
For instance, if John funds his wallet with ₦5,000, buys 1GB data for ₦470 and sells for ₦600. He gets to tell his friends in his school and community that they can get data bundles from him at a rate cheaper than what the network sells.
This is to say that he earns up to ₦130 profit from a single data sale. If John gets to process lots of orders like 10 to 20 per day, he will get to earn ₦1,300 and ₦2,600 respectively and can proceed to make a profit of more than ₦50,000 on monthly basis.
The more people buy from you, the more money you get to earn as a data reseller. You can make people aware that you sell internet data at cheap rates and also advertise your services to your friends on social media.
Data reselling is a cool online business to start. As a data reseller, you are restricted to selling data alone, you can also make payments for Cable TV subscription, electricity bills etc from your dashboard. Have you learnt how to start data reselling business? If yes, feel free to share your views.