If you are thinking of businesses you can start, then you should go into data reselling business, it not really common in Nigeria that is the reason you should make use of this advantage. In this article, we will be giving you the best information you can get on setting up your data reselling business in Nigeria.
All you need to know about the business, including how the data reselling business goes, how lucrative being a data vendor is and also how to set up a data retailing business are all explained in details in this article.
I remembered I went into Data business close to a year ago and I knew how I stood erect financially while running the business, I earn an amount ranging from $200-$500 in two weeks. Although I never knew how to promote my business, I did a lot of work because I never knew how to do it the right way. This article has come to give you the best, including how to promote your business if you want to set up a data retailing business in your country.
Make sure you read till the end!
Firstly, we have to know what data reselling business is, don’t you think it is awkward to go into a business you don’t even know a description of it. It really not going to work well by doing that, so we need to move into describing what data reselling business is all about in no time.
What is Data reselling business?
Data reselling business is another business alternative whereby you sell data to people, in this case you are acting as a retailer to users, you sell data to them even at a cheaper price. I am sure everyone will want to spend less on data bundle charges.
You will get a better profit by becoming a data reselling agent in Nigeria because the service provider in the market are not been overcrowded yet, so this is an opportunity to take a smart shot into the data vendor business. You might be thinking, how do I get the data I will sell? Or how do I sell those data to customers? Everything will be explained in this article one by one, you know step by step wins the race.
I went through an entrepreneur text in recent months, this book was written by a very successful business man, I will like to share you one vital thing I noted. Some young entrepreneur fail woefully because they never take critical observation on the market they are going into, they never checked the environment and the need of the consumer.
What am I driving at? There is a very important notice to take before starting your business, which is knowing what your customer need, i.e. your service must be needy in the market, to put more light to the above, I mean your business must be fully available to gain customers interest
Data has been like water which is necessary everywhere to connect across the globe, it has done human a big favor by making the globe smaller and thereby making people closer from all part of the country across the globe. As petrol is to car so as data is to the internet, the usage has call for high demand from retailer even at cheaper prices
How does data reselling business works?
Becoming a data vendor is very simple; you just have to know how the business works, some people get carried away thinking the business is a type which you need huge capital, we are very glad to break the good news, you don’t need huge capital to start a business as a data vendor.
Depending on your budget, this business is a type you can start with as low as $20, what a penny almost everyone can afford!
How do I buy data to resell?
So how do you buy the data which you want to resell? I know you have been in haste to know the full details on how to run the data business. It is not something complex at all; it only works in two ways. There are two alternatives to buy data and resell to users which are going to be explained further in this article.
Make sure you keep reading!
Alternative 1 – Buy in bulk from network providers like Glo, MTN, Airteil, 9mobile or you purchase from Data Company
The first alternative in running a Data reselling business is to buy in bulk from network provider such as Glo, MTN, 9mobile, Airteil and the likes of other network providers available in your country.
Here you partner with them and buy data in bulk at a very lower price in other to resell it. It is very easy to run, likewise also clumsy if you are dealing directly with the network providers. Why did I just say it might be clumsy? Dealing directly with them might cost you something above $20, because you will face the expenses of managing your business yourself.
What do I mean by that?
It is an alternative way to sell data whereby you will need to have a brand name, a website or even a mobile friendly application. A brand indicating your name because your customers have nothing to do with the service provider since you have bought it from them, the user buys data from you in your name.
A website is needed, it a place where you showcase you data, the networks, the plan and the price. It makes it easier for your customers to make payment directly to you and get their data in no time. This is an awesome way to run the data reselling business.
Ok, you might need to build a mobile application for super usage; users can download your app on play store or any mobile application installation platform. There is one amazing thing about using an application to run your data vendor business, Ops! Sorry I forget to make it two, two amazing things about it is that users can fall in love with your brand because it is going to have a lot of feature which gain customers trust; this is one important thing you need, in other to run the business as a data vendor.
The second amazing thing about using a mobile friendly App is that, it is the most lucrative means in the business; you get a huge profit of about $100 per day. Wow! You mean I am going to become rich? Smiles, if you have much customer then you get much profit but I will advise you to get the best step to take in other to grow small business first, i will advise you to read through in other not to fail in the business.
So get a mobile friendly application to run your business smoothly, it is profitable. If you are intending to start a mobile application, you can Contact us for a mobile friendly App
This alternative has proven to be the best way to start a data reselling business in the world, because it make you manage your brand, you become 100% CEO of your brand, no one interfere with your business as you are fully in control of it
So let move to the second alternative!
Alternative 2 – Be a vendor with Data website/App owner
This is also a cool way to go into data reselling business; you can become a retailer by buying data from those that own a website or an Application.
You create account in their website or Application, in this case you tell people you sell data, you promote it to your friend and sell it to them from the Data App you created account with, all you just need is to collect the necessary details of the buyer and send the data manually to them.
It is easier to manage, but it is less lucrative because you deal with the network provider indirectly, nevertheless you still make a reasonable amount, it depends on the amount of customers you have. On an average statistics, you can make a profit ranging from $20-$100 per week. Isn’t that cool enough for a start?
As times goes on you can think of establishing wide into the data reselling business by creating a website or App for larger profit, you can Contact Prodigy Workers for a standard website or App.
Those alternatives are the way the data reselling business goes, I believe you have full knowledge about it before we move forward.
So let get things set by diving into more things you should know before going into data reselling business.
How to promote you data reselling business?
I will advise you give promotion a 70% role in your business, must people find data reselling frustrated because they have almost no one to patronize them.
So how do you promote your business?
Some use Social media signal to run their business, it all work great.
You can use a Facebook page, Instagram or twitter. It all depends on you! whatsApp is also good but it restrict the growth of your business, you only have the option to market to your product to those viewing your status alone and of course not everyone will purchase from you, your business will not be official enough and you might even get more frustrated because few will only patronize
So never rely on these only, we have got you a better way to grow your business at Prodigy Workers you can check out our services before you contact us
Things you should know before starting a Data reselling business
I know with these, you really want to start a business becoming a data vendor, but it is better to relax now, it not yet time. You still have more to know before launching into the market.
First let start by saying you have to be ready, yes! Ready!
Readiness in term of being available to serve customer interest, even if you promote your business, you need to satisfy them.
Also you have to be ready to face some challenges, think of this, what if you face a server problem and data did not get deliver to customer in time. How do you solve the problems? These are most of the things you need to know before you set up a data reselling business.
You got no problem to face then if you are ready, to get any problem you are facing solved you can contact us, we will get to you.
Ok, we believe this article has been really helpful so far, we discuss what data reselling business about with the full description of what you need to know.
Also, we talked about how the data reselling business works and there is one thing I forget to include, which is starting with alternative 2 first. Yes, it will help you observe the business first before you dive into it fully. You understand how the principle of the business works and with this, you can imagine previewing how it works when you get your website or App for the business.
It makes you know how to deal with customers in the market before becoming a CEO.
Owning a business is never easy, so I say take it one step at a time.
We also discussed how lucrative it is, it is an opportunity to remind you that you can make a reasonable income by becoming a data retailer.
Important thing to add in the section of promoting your data reselling business is that, promotion is never expensive. Anything worth doing at all is worth doing well, so be ready to promote your business at all cost in other not to face a small coast.
Promotion helps you enlarge your coast in the business, so why shouldn’t you put all you can just to get things done right. And we are glad to inform that Prodigy Workers does that better, you can explore more us here.
Lastly, we discussed things you should know before starting a data reselling business. With this right information, we have 0% doubt that you are on the right path to becoming financially stable as a data retailer.
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