Kola my very close friend was chatting with me a few week back. And at a point, he told me about his decision to venture into a small business and sought my advice on which option to choose – of recharge card printing business and bulk SMS reselling.
Kola and I attended the same university but he’s been unable to secure an employment since we both graduated about 3 years ago.
Getting frustrated and finding life more difficult, Kola decided to set up a small business for himself. And after eliminating the other options on his long list, he ended up with the recharge card printing and bulk SMS reselling.
Being in the bulk SMS business and having considered venturing into recharge card printing at some point in the past, I deemed myself enlightened enough to give him sound advice on the issue.
Because I’m sure many people (including visitors to this blog) would find the information very helpful, I decided to sum up in one or two blog posts everything I told Kola.
So, if you think you need the information as well, jettison all distractions and pay more attention. The next voice you shall hear is mine – enlightening you just as I did to my friend.
Well, both businesses really have a huge profit potential, considering the fact that they have to do with the telecom sector, which is one of the most lucrative in this country.
Let me start by reiterating the similarities of both businesses – so that you’ll know what they both conceal of upsides and downsides before proceeding.
As I stated earlier, both business have a huge profit potential. And I can tell that from experience. I’ve been into bulk SMS reselling for years and I know how lucrative it is.
I also know one or two people who are also making 5-6 figures weekly from recharge card printing.
So, if you play your game smartly, there’s no limit to how much you can make from both businesses.
Both businesses can be operated from the corner of your room (but this may only be to some extent in the case of recharge card printing). So, you won’t have to mull over getting office space and paying rent. In addition, both businesses only require that you have a computer and an internet connection as well as a printer (for recharge card printing).
Plus, you can run your business all alone. You don’t need to hire any staff – especially at the very start.
Both businesses involve no risk. In other words, you won’t lose your capital. The worst that could happen is for you to get no returns at all – and that’s if you’re just too lazy to market your business or you’re simply not ready for it.
As for the commodities you sell in both businesses, there are no risks of loss or expiration. So, whatever you don’t sell remains valid for years.
But there’s one major downside…
You’d have observed that I’ve been discussing the rosy side of both businesses. Well, I’m not going to hide the bitter truth about them. Now, let me tell you this: there’s a major downside – competition.
Whichever of the two businesses you opt for, you’ll most likely find things difficult at first due to the stiff competition. There are very many people in the recharge card printing business, just as there are in the bulk SMS business. And everyone is struggling for one thing – customers.
Also, it’s very difficult to “steal” customers from the competition because people won’t stop patronizing a business as long as they are satisfied.
So, you must be ready to invest much of time and effort into marketing, especially at the earliest phases of your business.
Let me stop at this point for now. In the next post, I’ll be discussing five reasons why bulk SMS business is the better option for you. Stay glued to this blog.