In 2020, the Nigerian Communications Commission (NCC) reported that data consumption increased by 66.5% on a year-on-year basis. The ITU also observed that Internet users have increased 10-fold from 400 million to over four billion worldwide since 2000. The use of internet data in Nigeria is quite on the increase and it is good time to start a data reselling business.
Likewise, a second statistic by Technext shows Nigerians spend the most money on internet data purchases in Africa. It is said that Internet subscribers in Nigeria consume over 80,000 terabytes (80 million gigabytes) of data per month.
On the flip side, are you aware that banks earn millions of naira daily by selling internet data bundles? Not only banks can benefit from this business; you can as well. The data reselling business opens up a whole new world of opportunity for you and here is how. Scroll down.
What is data reselling business?
Data reselling is a business model in which an individual buys data from VTUs (CashMore) or telecommunications companies (MTN, AIRTEL, GLO, etc.) and resells via a website, or social media channels to end-users. Think of how much data you consume and the goldmine possible with value-added services.
I think you would agree that smart business people see opportunities where others see problems. Nigeria has a problem with affordable data. You can make profits by buying data bundles at low prices and reselling them to your customers with an added margin to make profit.
How do I start a profitable data business?
To become a data reseller, all you need to do is to sign up as an agent on the CashMore app. There isn’t much difficulty in finding a market to sell data to. Data is life, so this makes the data business profitable. Right where you are, the market already exists. Currently, you have friends, colleagues, neighbors, and siblings around you who use smartphones. With this in mind, start selling data and airtime to them.
To top it all, you don’t need a lot of capital to start a data reselling business. You can start with as little as 5,000 Naira, a smartphone with an active internet connection. Of course, you can run the business from the comfort of your home without quitting your current job. It’s a side hustle that pays.
Follow the steps below to start your data reselling business:
Download the CashMore app
Sign up and choose the Agent plan
Fund your wallet
Tell people about your business and make money.
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