How Lucrative Is Recharge Card Printing Business

    How lucrative is the business? I heard is not that profitable because i have made up my mind into this but discouraged. I want to be a retailer.

    New Member Asked on August 22, 2016 in Business.
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      Recharge card business used to be very lucrative in like five years ago until our banks and other innovations in the tech industry came in. As of today, I’d tell you that that business is no longer lucrative and it won’t be a so good idea to take on, especially if you’d expect to get good returns on your investment (in my opinion) and that is also based on my current location. I can’t personally remember the last time I exchange paper (hard) current for a recharge. And that applies to so many other people today.

      But it all depends on your location because my judgement is based on what I have in my environment. Probably people are still patronizing such businesses. I’d advise you study your catchment area very well before putting your head into the business.

      Return Member Answered on August 25, 2016.

      Thanks so much on this.

      on August 26, 2016.
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        N15,000 is not a reasonable budget for any business, let alone recharge card business. The profit margin is extremely low in recharge card business so, you’d need large sells and huge capital to be able to make something reasonable out of the business.

        To make a profit of N5,000 a day, you will need to dispense more than N100,000 worth of recharge voucher daily. With this scenario, your N15,000 can only make you N500 daily.

        Pro Consultant Answered on August 27, 2016.
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          Put your question the way will understand you. How exactly do you want to go into the business? What is your budget and experience?

          Pro Consultant Answered on August 22, 2016.
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            Sir, my budget is 15,000 Naira as a retailer. Please if you have an e-book on this, will appreciate.

            New Member Answered on August 23, 2016.
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              This information is for only those who are ready to get result out of their recharge card business

               

              New Member Answered on August 27, 2016.
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