Are you considering going into data reselling business and you are confused on how to go about it or if it is even legit, lucrative or if it is affordable. Well, today I’ll be giving you a break down on how to start a data reselling business in Nigeria.

During the course of this article i would be telling you who a data reseller is, the benefits of becoming a data reseller. I will also be talking about how data resellers make profits, how much you would need to start this business, how much you are expected to earn as a data reseller, and what you need to start up this business.

Data is life, millions of people purchase data on a daily basic, as a data reseller you aim to capitalize on these chances in other to make some quick bucks. So without taking much of your time let us look into how you can start a data reselling business in Nigeria.

WHO IS A DATA RESELLER?

A Data Reseller is someone who acquires or purchase products data in bulk(not necessarily) and sell in smaller scale at his or her own price to customers around the world.

We can also say a Data Reseller is one who buys data from Telecommunication companies at cheap and affordable rates and sells to customers at a slightly higher rate. These rates would still be lower than the price people might get it if they buy from their banks directly.

There are two types of data resellers, they are;

i. Independent resellers
ii. Retail resellers.

During the course of this article we would be looking majorly at the retail resellers because people barely go for the independent reselling business. People shy away from independent reselling because you basically have to spend more and you have to go in search for retailers to work under you which many consider to be tedious and time wasting.

Whereas in the retail reselling all you have to do is to register under a data reselling company who basically offer you data at very cheap rates for you to sell. You do this without investing much and you can make some quick cash of this service.

WHAT IS A DATA RESELLING COMPANY?

Data Reselling Companies get data on your behalf from telecommunication companies such as GLO, MTN, AIRTEL, and 9MOBILE and offer them to you the data reseller at an extremely cheap rate. Rate which are the same as Telecommunication companies offers to banks.

So as a Data Reseller you get data at a very cheap rate and sell at slightly higher prize. So lets say you purchase 1gb of data for as low as N300 and sell to customers for N400 or N450, whereas they get it for N500 from banks. I guess that is a pretty clear explanation of how this whole data reselling works.

WHAT DO YOU NEED TO START UP THIS BUSINESS

One good thing about this data reselling business is that it doesn’t require much or complicated things in starting up, So what do you need;

1. PC or a Smartphone
2. Payment option (ATM card or bank Transfer)
3. Data Reselling pack(which can be acquired for many website)
4. Capital
5. Network Availability
6. Brand(you cant start up a business without establishing your brand).

WHERE CAN YOU GET DATA TO RESELL

You can get data or data reselling pack from a data selling company. Most of these companies have websites through which you can register, fund your wallet and purchase a data pack at affordable prizes. I can only recommend for you but its up to you to decide which website you would want to purchase from.

You can purchase from any of the following websites;

VTU king
The fortune web
OG Dams

Once you purchase a Data pack you can start buying data for customers at a cheaper rate.

HOW TO MARKET YOUR DATA RESELLING BUSINESS

Marketing a business or a brand is a very essential factor for the growth of of such business. Now for a data reselling business the ideal means of building your brand are;

1. Social media: Such as WhatsApp, Telegram, Facebook, and Instagram, people spend time daily on either of these platforms so it would be ideal to bring your service to them there.
2. Blog and Advertisement: Capitalize on blogs where you can simply pay a few bucks to get your products advertised to rally potential customers.
3. Print Fliers: Fliers are underrated but it does the trick.

HOW MUCH CAN YOU USE TO START UP THIS DATA RESELLING BUSINESS

Here is the amazing part about this business, you can start with as little as N1,000. But i would advise you to start with N5,000 or higher so you can start reeling in some profits on time.

HOW ARE YOUR PROFITS MADE

You don’t get paid by the data reselling Company, your profit are made from any purchase you make.

Lets say a customer wants to purchase 2gb data and you charge N900 for this, your customer transfers the money to your account and you go ahead purchasing the data from your data pack for about N600. You just got paid N300 for that purchase, pretty sleek right?

HOW MUCH CAN YOU EARN MONTHLY

Well, what you earn solely depend on how well and how fast you can build your brand. If your prices are fair and you are very reliable it attracts more trust and more trust bring about more solid and devoted customers.

Now lets do a quick math if you gain at least N100 from any transaction(it could be higher but lets stick to the minimum). Lets say you are able to run at least 10 transactions daily, that’s at least N1,000 daily and that is about N30,000 monthly. Remember you can get more than 10 customers daily if you can build your brand.

WHAT ARE THE BENEFITS OF THE DATA RESELLING BUSINESS

1. Profit from sales (buy at low prize and sell at a higher prize)
2. You are your own boss
3. Low start up capital
4. Room to grow(more sales lead to more trust and could give room to introduce other business idea).

OTHER SERVICES AVAILABLE IN THIS BUSINESS

Other than the sale of data you can run additional services such as Cable and Tv subscriptions e.g. GoTV, DSTV, Startimes etc.

CONCLUSION: HOW TO START A DATA RESELLING BUSINESS IN NIGERIA

Having given you the full break down of how you can start up the data reselling business you might have a few questions to ask. Please feel free to leave a comment and i would give a feedback as soon as possible.

Also i think i should clear any doubt that you might have buy saying the data reselling business is legit, guaranteed and trusted.

I hope you enjoyed reading this article, if you did, you should also read on what Opay pos is all about.

Thank you for reading.