How To Start Data Reselling Business in Nigeria

Data Reselling Business

If you want to know how to start data reselling business in Nigeria, you are in the right place. In today's post I'm going to discuss about data reselling business, how to buy and resell data to your family and friends in Nigeria. 

As you already know, you don't need millions of naira to start data reselling business. Yes, this is the type of business you can start with small amount of money. 

Data reselling business is a kind of business in which a data reseller buys data in bulk from a VTU platforms and resell to consumers at a higher price for profits. 

These days, almost all the banks and other financial institution in Nigeria have added data purchase and airtime top up to their services to enable their customers to buy data and airtime from their comfort zones. These financial institutions makes money each time their customers purchase data and Airtime. 

Presently, Nigeria has four (4) Telecommunication companies, namely: Glo, MTN, Etisalat, Airtel. However, out of these four telecommunication companies, MTN is said to have the largest coverage among them due to large number of people who uses their service. 

Presently, MTN sells 1GB for N500 and 2GB for N1,000. As a data reseller, you can buy 1GB of MTN data for N300 and sell them for N500 or even more. you can buy data at a cheaper price and resell to your customers at a higher price. 

WHO IS A DATA RESELLER? 

A data reseller is someone who buys data bundles from a VTU platform and reseller to data consummers at a higher price to make a profit. 

As a data reseller, you can sell data through your website or social media channels. Today, we have a lot of data resellers on Twitter, Instagram and Facebook.

THINGS YOU NEED BEFORE YOU CAN START DATA RESELLING BUSINESS IN NIGERIA. 

Below are all the things you need before you can start data reselling business in Nigeria. 

 1.CAPITAL

As we already know, you need money when starting a business, especially if it is a legit one. Data reselling business is one of the businesses you can start with small amount of money. As a matter of fact you don't need to spend much money before starting data reselling business in Nigeria. 

Yes, you don't need to break the bank or empty your account completely to start the business. When starting the business, you only need small money to fund your wallet and Booom! you can start selling data to your friends. 

 2.SMART PHONE OR LAPTOP

As you already know, data reselling business is an online work. Which means that the business can not work without a smartphone or laptop. Oh yeah! You need a fast laptop or smartphone to start the data reselling business.

But there's nothing to worry about even if you can't afford to buy a laptop. You can run your data reselling business with your mobile phone without any delay. 

3.INTERNET CONNECTION

Just like other online businesses. Data reselling business also requires internet. You must have a steady internet connection in your area if you wish to start the data reselling business. Most of the data resellers find 80% of their customers online. So, you must be very active on social media also.

Looking for cheapest business to start today? Undoubtedly, data reselling business is one of them. You can start this business for as low as one thousand naira (N1,000) depending on how you want to run the business. 

Even if you want to build a website for your data reselling business, you don't need huge capital to do that. However, your capitals depends on how fast you want your business to grow. You can not start the business with two thousand naira and expect ten thousand naira profit daily. 

No, e no fit work that way😁

If you are going to be selling data for large number of people, then you will need to start with N15,000 or more.

HOW YOU CAN MAKE MONEY FROM DATA RESELLING BUSINESS. 

Yes it's very possible to make thousands or even millions of naira from the data reselling business. If you want to make it big in the data reselling industry, all you need is customers. 

For instance, if you find your wallet with N10,000, buys 1GB data for N300 and resell for N500. I'm sure you will tell your friends that they can get data at a rate cheaper than what the network use to sell for them. 

This means that you can get up to N200 profit from any data you sale. For instance, if you are able to sale 10 to 20 data per day, you will earn up N2,000 - N4,000. 

The more you sell the more you make money as a data reseller. You can start telling people to patronise you because you can sale data bundles for them at a cheaper rate. 



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