A profitable airtime business in Nigeria can be started by buying and selling recharge cards. Unlike traditional retail outlets, there is no inventory to keep or to worry about. All you need to do is to refer your customers to the vendor, who will then pay you a commission for the sale. However, there are some steps you should take before you decide to make money through your airtime business in Nigeria. The following tips will help you get started.
The most popular airtime business in Nigeria is known as Virtual Top Up (VTU). This type of airtime and data top up service involves the dealer recharging a mobile phone line from a bank account. It does not require a USSD code or a recharge card. This type of business allows you to work from home and earn a substantial amount of cash. There is a lot of potential in this business.
In December 2019, Nigeria had over 184 million GSM subscribers. An active subscriber spends on average N2000 per month, which is N14 billion a day! The average Nigerian mobile phone user spends over N20,000 each month on airtime and data. Virtual Top-up makes recharging easy and offers up to 5% commission on airtime, data bundles, and bills. With this kind of income, you can easily start your own airtime business in Nigeria.
The VTU service allows you to sell recharge cards, data plans, cable subscriptions, and electricity bills. The income generated from this business is huge – you can earn up to 5,000 naira in a month if you can successfully resell airtime. Once you get a steady stream of customers, you can earn up to 5,000 naira a day. That’s not bad!