MEGA WEALTH OPPORTUNITIES IN GSM INDUSTRY

It first appeared as if Nigerians would forever walk on the path of deteriorating communication facilities with the almighty NITEL as the only player, thereby making it almost impossible to own phone, but all thanks to Chief Olusegun Obasanjo’s administration for launching the global system for mobile communication (GSM) in 2001. Since then “hello” has been so common that even a child learning to speak say it before any other language. Initially, the prepaid cards for GSM are being printed abroad and imported into the country by GSM service providers. However, when this ugly trend was stopped by the past administration making it compulsory for all GSM service providers to print their prepaid calling cards here in the country. This has therefore opened another door of investment opportunities for Nigerians. Opportunities ranging from SIM cards sales recharge cards vending and SIM swap business and so on.

INVESTMENT OPPORTUNITIES IN GSM RECHARGE CARDS: with the deregulation of the telecommunication industry, comes sample options for Nigerian telecom recharge card vendors. There are agents, distributors, retailers and the consumers. There are about three options in the production of telephone (GSM, IPOs) recharge cards namely: dealer ship, sub- dealer ship, and small scale recharge cards printing.

MEGA GSM RECHARGE CARDS DEALER SHIP: This is the most lucrative, and most rewarding. Only that it requires large amount of startup capital. It is a dealer ship / agency arrangement between the investor and the service providers.

SUB-DEALER SHIP:  For those who may not have the financial requirement to be direct agent to the network service providers a sub-dealer ship arrangement can be attached to those who are distributors. Depending on the dealer, the requirements differ. But at a minimum of 300,000 one can start this.

SMALL SCALE RECHARGE CARDS PRINTING: Depending on the company one signs up with, some require a computer internet access facility, printers and software.

SMALL SCALE RECHARGE CARD PRINTING WITH JUST N40, 000: interested investors can start the business of GSM recharge cards printing on a small scale with a minimum start up capital of N40, 000 with no computer, no internet facility and with that little start up one can legally print MTN, GLO, Celtel, Mtel, Starcomms and co0l talk prepaid cards. The fact that there is a company that has obtained franchise from all the telecommunication service providers in the country. All you need to do is register with them and purchase their machine which does the printing. With this arrangement, nobody is going to disturb you because the business is legal and you do not need to register or pay any money to the telecom service providers like MTN, Celtel, and Glo and so on. This is because the franchised company has done that on your behalf. With the machine, you can produce all denominations of prepaid calling cards of all the GSM service providers and IPOs like starcomms.

1.    MTN N 1,500, N750

2.    Celtel N1000, N500, N200, N100 respectively

3.    Glo N3000, N1000, N750, N500, N300, N150 and N100 respectively

4.    Mtel N400

5.    Starcomms N1000 and N500

6.    Cool talk N400, N200.

ABOUT THE MACHINE

The machine is a small and portable one but very powerful. It works amazingly. The machine uses two small rechargeable finger batteries. You need only one machine to print all network cards and do require any internet connectivity. The machine is very durable and strong but if it develops fault like any other machine you can get it serviced by any of the franchise company. The machine is so easy to operate that one will get the whole techniques in 5 minutes at the point of purchase.

RAW MATERIALS

The only needed raw material for production of vouchers is paper roll. A roll of paper can print about 150 vouchers. The machine comes with two rolls of paper. A roll of paper is just N75.00

SECURITY

Each machine is operated through a secret code which will be known to the owner alone. It can’t be operated without the code. If the machine is stolen, it is useless to whoever steals it because it can’t be operated without the code number. In case you give the machine to someone to operate, the machine keeps record of daily sales made; time and serial number of vouchers are recorded.

HOW MUCH IS NEEDED TO START?

With at least N40, 000 you can start the business. The machine is sold for nN35, 000 and you must load it with N5, 000 pin which will be spread to print all networks. Subsequently, you buy pin from the same company, as you want tem without going to the network service provider. This is a business that can be done anywhere and at anytime. The machine can be bought in almost all the state