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 this business model is getting popular in Nigeria is that it is profitable and relatively easy to start.
We know that you are on this page to know how this business works and how lucrative it is. The good news is that you are in the right place. In this article, you will get insights about data reselling business in Nigeria and know the requirements to become a data reseller in Nigeria.
- Data Bundle Reselling Business In Nigeria
- What Is Data Reselling?
- Who Is A Data Reseller?
- What is a Data Reselling Platform?
- Why You Should Start Data Reselling Business?
- Requirements To Start Data Reselling Business
- How To Make Money From Data Reselling
- How To Start Data Reselling Business In Nigeria
Data Bundle Reselling Business In Nigeria
Data bundle 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, businesses could be destabilized, the 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.
You might have received some messages from your bank asking you to purchase data bundles with their USSD code or mobile banking platform. Have you ever wondered why you receive these messages? Well, the reason isn’t far-fetched.
Obviously, they aren’t doing it to help you purchase data and airtime conveniently but to make money when you make a purchase.
Your bank has the financial capacity to purchase data in bulk quantities from network service providers and telecommunication companies (9Mobile, Airtel, GLO, MTN) at cheap rates. When they purchase data in bulk, the network service providers give them massive discounts and in turn, the banks sell data to you and make huge profits.
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. As a data reseller, you can get 1GB MTN data for as low as ₦450 and sell them for ₦600 or more. A data reseller can purchase such data at a cheaper rate and sell to his customers at a higher rate.
Who Is A Data Reseller?
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.
What is a Data Reselling Platform?
Data reselling platforms are places or 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 get access to cheap data bundles online.
Therefore, data reselling companies allow you to purchase data at the same rate the banks buy them – even if you are not buying it in bulk.
How Much Is Needed To Start Data Reselling Business
Since you do not have the financial power or connection to go into direct partnership with telecommunication networks, you can become a reseller by getting a data reselling pack from a data reselling platform.
Data reselling is one of the cheapest online businesses to start today. It requires little money to start and you can start this business for as ₦1,000 (depending on the scale you want to operate).
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 bundle 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?
Without mincing words, there are various reasons why you may decide to start data reselling business this year. Some of them include;
- Low capital to start up, you don’t need to borrow huge loans to get capital to start this business.
- You can sell data to people with your smartphone.
- You don’t need to have a website to start.
- You make commissions and make profits from each sale.
- Data reselling is less stressful compared to SME data.
Benefits Of Data Reselling Business
There are lots of opportunities and benefits for data resellers. If you make a decision to start internet data bundle reselling business today, here are some of the privileges you would enjoy.
- You get to build a brand for yourself.
- You make a lot of profits for yourself.
- You make money online by selling data bundles.
- You grow your brand into a VTU business and start selling services.
- Payments are made to your bank account.
- You make commissions for yourself when you help people to pay their electrical bills.
- 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.
- You can also do DSTV/StarTimes/GoTV subscriptions, sell airtime and send bulk messages as a data reseller.
Requirements To Start 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. Bank Account
Also, you need to have a bank account that will serve as a medium of payment. 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.
5. Data Reselling Pack
Data Reselling Pack is a blueprint that you need to start the data reselling business. Also, it is a detailed guide that shows the market structure and analysis of the data reselling industry.
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.
If you are serious about data reselling, make sure that you get a reliable and effective data reselling that will give you insightful information about the data reselling business.
How To Make Money From Data Reselling
It is very possible for you to thousands of naira from the data bundle reselling business. 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 tell your friends and people around you that they should stop looking for where to buy cheap data because you can sell internet data bundles to them at a cheap rate.
The internet is the new business hub, you can sell data to people online without having a physical meet-up with them. Hence, data reselling business allows you to make money online from your home. Cool, isn’t it?
You can create awareness about your business and make people know that you sell internet data bundles online. Making money in the data reselling business will never be a problem for you if you have customers.
How To Start Data Reselling Business In Nigeria
The question ‘How Can I Start Data Bundle Reselling Business In Nigeria?’ has been asked by a lot of persons. Anyone can start data reselling business by buying data from data reselling platforms. But Hey, things don’t work like that anymore!
Fraudsters are looking for ways to dupe people and siphon their money. There are many scammers online – even in the data reselling business industry and many are falling into their trap.
Consequently, you may face trouble in knowing the right platform to start. Having noticed this challenge, we have provided a guide to help you start the data reselling business for yourself.
Everything that you need to know about starting and making money from data bundle reselling business has been documented in this blueprint which we call the ‘ULTIMATE DATA RESELLING BUSINESS GUIDE‘.
Ultimate Data Reselling Business Guide (PDF)
Here are some of the things you would find in this course;
✓ Practical ways to advertise your data reselling business.
✓ Tools and Resources Needed To Run The Business At Any Scale.
✓ Where To Buy Cheap Data For Sale.
✓ Learn How To Start VTU Business and Get Paid When You Help People To Pay Electrical Bills, Utility Bills and Cable TV Subscriptions.
✓ Practical and Effective Digital Marketing Methods of Advertising Your Data Reselling Business.
✓ How To Research Your Competitors and Beat Them For Customers.
✓ How To Choose The Best Data Reselling Platform.
✓ How To Vend Airtime and Data with your phone.
✓ How To Make Payments For Electrical Bills.
✓ How To Promote Your Business.
✓ How To Keep Existing Customers and Make Them To Keep Buying From You.
✓ How To Pay For Cable TV Subscriptions.
✓ How To Receive Payments From Customers and many more.
BONUS: You will get information on a financial institution that provides you with a free debit card and allows you to make free withdrawals at any ATM in Nigeria. There are no ridiculous bank charges or account maintenance fees with this bank. Additionally, you can use it to make free online money transfers. Definitely, you would find it helpful for your business.
I know you want to access this course. Ignorance is a disease which can weaken you, but knowledge will help you and put you in the right path. If you are serious about starting the data bundle reselling business today, do not hesitate to get our ULTIMATE DATA RESELLING BUSINESS GUIDE and follow instructions on how to get a copy!
Data reselling is a cool online business to start. This is a legitimate business that you can start today to make money from home.
Data is a hot commodity in Nigeria and there are lots of opportunities in this business. Every internet user data, therefore, selling data to the hungry data consumers in Nigeria can make you profits in the long run.