How To Start a Data Resale Business In Nigeria

A Data resale business is a business that requires a small amount of money as an input but a large amount of money as an output. Data resale is a form of business in which an individual buys data packages in bulk and resells them to consumers in small quantities. An individual data vendor buys data packages from a platform and carrier and sells them to everyone at a higher price to make a profit.


http://www.mydatafactory.com.ng

Today, financial institutions such as banks and Microfinance companies have added airtime recharges and data purchases to their services. They earn money when customers buy data and airtime from their platform. Nigeria has4 telecom companies;
MTN, GLo, 9mobile, Airtel.

As a data reseller, you can get 1GB of MTN data for N230 and sell it for N400 or more. The data seller can buy this data at a cheaper price and sell it to their customers at a higher price. To start a data reseller business in Nigeria, all you need to do is register as an agent with a data reseller. As a data reseller, you will get better discounts and more discounts on the data you buy. This means that you will be provided with data at a very affordable price.

Who is the data distributor? A data distributor is an individual who obtains very cheap internet data packages and resells them at his own price for a profit.


Requirements for Starting a Data Resale Business in Nigeria
Have you ever thought of starting a data resale business yourself? Here are the requirements to start a data resale business:


1. Smartphone or laptop
2. Bank Account
3. Internet connection.

4. Capital: Minimum starting amount is N1000.


Money is included when starting a business, especially if it’s real. Reselling data is not one of the ways to make money online without paying anything. In fact, you need to invest or spend money before starting a data reselling business. However, that doesn’t mean you have to break the bank or empty your account to get started. When you start a data resale business, you need money to buy data and also to fund your portfolio. 2. Smartphone / Laptop
Data reselling is an online business that cannot function without a laptop or mobile phone. You can replace your smartphone to start this business. So it doesn’t matter if you don’t have a laptop or computer system. You can efficiently run your data resale business from your mobile phone. 3. Internet connection
Reselling data also requires the Internet. You must have a stable internet connection on your mobile phone.

A bank account
In addition, you must have a bank account that serves as a means of payment. Your bank account is where you receive payments from your customers. After receiving a request from a customer, you need to forward your account details to the customer. Once payment is received, you can proceed to process the order and send the data to your customer.


To start a data reseller business in Nigeria, you need a reliable reseller platform. Resale platforms are places or websites where you can get airtime and data at an affordable price. Even if you don’t buy data in bulk, these companies still allow you to access cheap data plans online. There are different platforms to start a data reseller in Nigeria but in this writeup we cover only one platform that we trust for various reasons, and that is MyData Factory. MyData Factory is very easy to use. All you need is to do is to register at http://www.mydatafactory.com.ng and get started.

After signing up, you need to top up your wallet balance with a minimum of 1000 to start buying data, airtime, and other things. The Data Factory is still one of the best out there. Their customer care service is fast, they offer cheap and reliable data plans. Are you ready to start your data resale business in Nigeria? Sign up now at http://www.mydatafactory.com.ng and start your journey towards financial freedom. To start a data reseller in Nigeria, the start-up cost is N1,000 or more. Of course, you can invest up to 100,000 or more if you want.

Click the image below to get started with MyData Factory


You can start with MyData Factory here
Reselling data is one of the cheapest forms of online business to start today. It takes little money to get started and you can start this business depending on the scale you want to run. Even if you want to go big by creating a website for your data resale business, you will not need huge capital to do so. However, your capital will depend on the level at which you intend to trade. You cannot start a data resale business with N1,000 and expect to make N10,000 a day.

You can start a data plan resale business based on the volume and range of data that you plan to run. If you intend to resell and trade with large numbers of people each day, you will need to start with an additional 10,000.

The data reselling business is one of the most lucrative and easiest ways to make money online for yourself. Visit; http://www.mydatafactory.com.ng now to get started