NIGERIA 2023: THE NEW METHOD FOR DATA RESELLING BUSINESS STARTUPS (COMPLETE GUIDE)

START THIS BUSINESS IN NIGERIA WITH ONE THOUSAND NAIRA

Making money in Nigeria has become so easy, a million thanks to the internet. 

Since the Covid19 epidemic, the data resale industry in Nigeria has grown to be one of the most lucrative online businesses. This type of business generates a sizable quantity of revenue even with a modest initial investment. A person who engages in data reselling purchases data bundles in bulk and resells them to customers in smaller quantities. A data reseller is a person who buys data bundles from a platform and telecommunications firms and then resells them to customers for a profit.

Financial institutions, including banks and fintech firms, have recently expanded their offerings to include data purchases and airtime top-ups.

Data resellers are who?

A data reseller is a person who purchases internet data bundles at a very low cost and then resells them for a profit. A data reseller has several selling options, including his website, social media accounts, and personal wallet. Many data resellers sell internet data today on Facebook and Instagram. A data reseller acts as a go-between for the telecom provider and the customer. The data reseller purchases data in bulk at a discounted rate and then sells it to end customers.

WHAT IS DATA RESELLING?
Data Reselling is a business model in which an individual buys data bundles in bulk and resells them to consumers in small quantities for a profit.

A data reseller is an individual who purchases data bundles from VTU platforms and telecommunication companies and sells them to people at a higher price to make a profit.

Nigeria has four major telecommunications companies which are Airtel, GLO, MTN, and 9Mobile. However, MTN has the largest coverage in Nigeria due to a large number of internet users especially youths 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 ₦225 and sell them for ₦400 or more. A data reseller can purchase such data at a cheaper rate and sell it to his customers at a higher rate and makes money from the markup.

Financial institutions such as banks, fintech companies have added airtime top-up and data purchases to the services available on their mobile apps and USSD codes. They make a huge profit when their customer purchases data and airtime from any of their platforms.

However, banks and fintech companies are not the only ones who can make a profit from this business model.
Within the last few months, I have made a profit of more than N100,000 monthly, reselling data to people and small businesses around me. I have become the go-to person in my area for cheap data. Before starting this business, I was broke and always looking for where to get money.

After being introduced to this business, I could get cheap data for myself which reduced cost for me, and I could sell cheap data to people which brought in a lot of profits. Today, I make a lot of profit reselling data and other related products.

REQUIREMENTS FOR STARTING A DATA-RESELLING BUSINESS

Have you ever considered launching your own data reselling company? The prerequisites for launching a data reselling firm are as follows:

1. Smartphone or laptop
2. Access to the internet
3. Capital or finance
4. Cash in a bank
5. A start-up or registration fee of at least N1000.
6. Client you will sell your data to (they are all around you)
7. Determination to succeed financially.

A LAPTOP/SMARTPHONE: Data reselling business can be conducted comfortably both on your laptop and on your smartphone. Conducting this business on your smartphone is even better and more preferable because it gives you a lot of freedom to carry out transactions on the go.

INTERNET CONNECTION: An internet connection is very crucial to the success of this business model. This is because, most times, data resellers find their customers online, so you need to be online as much as possible. Also, an internet connection is needed to carry out transactions on VTU platforms.

A BANK ACCOUNT: it needs A bank account to conduct this business. This is because you need a bank account to receive payments from your customers and to withdraw your profits from the VTU platforms.

CAPITAL/MONEY/FINANCE: You would have thought I would put this first since it is most likely the most important requirement. But that’s not entirely true. The start-up capital for this business is very low. As low as N1000. What is even better is that you can start a data reselling business without capital if you are smart about it. All you have to do, is get a customer, get paid before you fund your account. Very simple. That how I could start. Today, I make a huge profit from reselling data, cable subscriptions, airtime, and bulk SMS.

A DATA-RESELLING PLATFORM: Since you, as an individual cannot directly contact these telecommunication companies, you need a data reselling platform to buy cheap data and resell.

Data reselling companies get data on your behalf from telecom companies (GLO, AIRTEL, MTN, 9MOBILE, etc.) And offer them to you at an extremely cheap rate — the same wholesale price that these telecommunication companies sell to banks.

There are a lot of data reselling websites out there, however, I recommend using Gcybertech Enterprise 

Even if you start with N10,000, you can make from N2000 to N5,000 in profits daily, depending on how many sales you make daily.

The more people buy from you, the more money you make as a data reseller. You can tell your friends and people around you that you sell data at a cheaper rate than what they currently buy it for. Because nobody rejects the opportunity to buy things cheaper, especially in this pandemic, you will have a lot of customers coming towards you.

HOW TO START A DATA RESELLING BUSINESS IN NIGERIA

To start data reselling, you need a reselling platform. A reselling platform is a website where you can get airtime, data, airtime, cable subscription, and bulk SMS at cheap rates. Even if you are not buying data in bulk, these companies allow you to buy cheap data bundles online and in small quantities.

Therefore, data reselling companies allow you to purchase data at the same rate the banks buy them — even in small quantities.

In Nigeria, there are several sites where you can start selling data, however in this article we just highlighted Gcybertech Enterprise. The Gcybertech is really simple to operate, which is why. To get started, all you need to do is register. After registering, you must add at least ₦1,000 to your wallet in order to start buying things like data, airtime, and other things. Among the many platforms available, Gcybertech Enterprise is still one of the best. How to get started is as follows:

HOW TO REGISTER ON GCYBERTECH ENTERPRISE

Are you prepared to launch a data reselling enterprise in Nigeria? To create a Gcybertech Enterprise account or to register, follow these steps:

1. To get started, go to https://gcybertechdataapi.com.ng the official Gcybertech Enterprise website, and register there.

2. To begin using any of the services, you must first fund your wallet by clicking on "Fund."

3. Select "Buy Data" from the "Data Menu" by clicking.

4. Choose the network of your preference.

Enter your phone number and the data plan you desire.

5. Select "purchase data"

Your data should be placed on your mobile line shortly after you click "purchase data." 

What happens next? I'm glad to let you know that you've finished buying; the focus now is on selling.

Some of the Gcybertech Enterprise services which you can benefit from include:

• Airtime purchases and internet subscriptions

• Cable TV subscription payments - DSTV, GOTV, Startimes and other digital TV Services

• Electricity bills payments, both Prepaid and Postpaid meters

• Purchase of WAEC result checker pins

• Bulk SMS service.
• Recharge card printing 

How Much Money Is Required To Launch A Data Resale Business

You're interested in learning the precise startup costs in Nigeria, whether N20,000, N30,000, N40,000, N50,000, or N100,000. If this worries you, you shouldn't be concerned about the initial capital because you may start this type of business with as little as 1,000 Naira.

You can become a reseller by purchasing a data reselling pack from a data reselling platform if you lack the resources or connections to enter into a direct collaboration with telecom networks.

Therefore, the initial costs for data reselling in Nigeria start at N1,000 and above. Of course, you are free to invest up to N50,000 or even more if you so choose. 

One of the most affordable online businesses to start right now is data resale. You can start this business with little investment depending on the size you wish to operate at.

You don't need a lot of money to start a website for your data reselling business, even if you want to grow it significantly. The level at which you plan to operate, though, will determine your capital. You cannot invest N1,000 in a data resale business and expect to earn N10,000 each day. You can establish a data bundle reselling business based on the volume and scope of data you want to handle.

How to Profit from Data Bundle Resale: It is extremely likely that you will profit hundreds of Naira from the data bundle resale company. Having clients is the key to success in the data reselling sector.

You can start by adding N5,000 to your wallet, then buy 1GB of data for as little as N225 and sell it for N400. You will have the opportunity to share with his friends, family, and neighborhood that they may purchase data bundles from you for less money than the network charges.

This means that from a single data sale, you might make up to N170 in profit. If you process ten to twenty orders each day, you would earn N1,700 and N3,400, respectively, and can go on to make a monthly profit of more than N50,000.

As a data reseller, you can make more money the more individuals that buy from you. You can advise your friends and neighbors to stop hunting for places to acquire cheap data because you can provide them internet data packages at a discount.

WHY YOU SHOULD START A DATA RESELLING BUSINESS:

• Low capital to start up, you don’t need a huge capital to start this business.

• You can sell data to people with your smartphone anywhere, anytime.

• You don’t need to have a website of your own to start.

• You make commissions and make profits from each sale.

• Data reselling is not stressful

BENEFITS OF STARING A DATA RESELLING BUSINESS IN NIGERIA

• You can build a brand for yourself.

• You make a lot of profits from this business.

• 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 will become financially independent

ALL TRANSACTIONS ARE COMPLETED WITHIN MINUTES.

HOW TO FIND CUSTOMERS FOR YOUR DATA RESELLING BUSINESS

You can easily get your first customers in your home. Start telling your family about your business. Become their plug for cheap data.

Offer to recharge the cable subscription when it ends. Also, offer to send airtime to anyone who needs to buy airtime. That way, you will already start making a profit.
Another way to get more customers is by talking to your friends. Get them to patronize you.

If your place of worship uses WiFi, that is another place you can get customers. It is possible to become the data plug for the different branches in the area.

Schools are not left out. A lot of schools are adopting E-learning in Nigeria and constantly need data. Do your research and find out these schools in your area.