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Note: Before you begin, if you're NOT 100% serious about making money from selling Virtual Top Up (VTU) of major GSM network operators which income is expected to be greater than the GSM income, DO NOT read another word. Only read on if you plan to put into action, everything that you will be taught on the page.
Prior to now in 2001 or thereafter when GSM just started in Nigeria I dreamt of and worked at becoming a GSM distributor with MTN and others. Then the startup cost for distributors was over N10 million (amongst other severe conditions) which I sincerely could not afford at that time. To participate as a distributor then we started a kind of a cooperative club whereby we pulled funds together and buy as a group at about 5% discount. The minimum each member was expected to contribute or buy was N100,000 which was no small money at the time. Also I had to make a mandatory N25,000 investment sunk cost to be a member of the cooperative.
When these contributions are made we were required to wait for TWO days due to stocking and inventory challenges from the network operators before we can take delivery of our physical stocks which were in recharge cards before sales begin. I am sure some of you will confirm what I am saying.
The danger of taking physical stocks were very high, so much so that some lost their profits and investments via robberies and missing cards. Personally one of my staffs at that time stole my recharge cards from one of the packets which were not known until they were sold and the customer started to forment trouble. Before we knew which staff was responsible days have passed, customers and income have been lost.
I got fed up of doing the business considering that I was working hard with partially borrowed funds which meant a lost of a recharge card has eroded my "profit" and part of my working capital with debt on borrowed funds. I had to unwillingly pack up doing this business around 2005.
How did I overcome the loss and restarted the business again in 2012?. Find out how by filling and submitting the form below.
From The Keyboard of Olayinka Abiodun
Incredible And Simple Way To Start A New Business Or To Set Somebody Up To Start A New Business This Year and beyond! Learn The Money Making Secrets On How To Make Easy Money As A VTU Airtime Vending Agent
Double your business profits! Money making opportunities in vending airtime and various data plans of all GSM networks (MTN, Airtel, Etisalat, Glo and Visaphone). Learn new incredible and simple ways to sell airtime and data plans from your phone or computer to any phone number on any of these above networks at any given time of the day in any state in Nigeria.
Find Out How I Started The Virtual Top Up Airtime Business After 11 Years Of Quitting
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