How to Start VTU Business in Nigeria

A Cool Business Opportunity For Nigerian Youths!

 What is a VTU business?

Virtual top up business is a business where you act as a vendor and top up customers with airtime and data. You can also create an online platform or Application where customers can register and fund their wallet to top up for themselves and others. Example: http://gidsmobile.com In VTU phone recharge, the vendor recharges phone of a customer through digital crediting.

Why venture into this VTU business? 

It is no longer news that recharge card printing business is going into extintion. Very soon virtual top up will be the order of the day. You can notice too that telecom companies and banks are already into VTU business. Do you think your bank will ask you to recharge your phone directly from your bank account if they are not making any money from such recharging? No doubt about that, they are paid commissions for every recharge you make. So if banks are into VTU business why shouldn't you?

How profitable is a VTU business?
There are over 150 million active subscribers in Nigeria today, and the average sim card user recharges about N2000 per month. So a whooping #260 billion is spent on airtime in a month nationwide. You can sell as low as #100 to as high as #1,000,000. You get a commission ranging from 2.5% to 5% profit on all your VTU recharge. That is a good share of the #260 billion industry.


How much do i need to start a VTU and Data Reselling business

This business as been on for a long time and no one is willing to give out the secrets of how to Start Data and VTU Business in Nigeria. Do you know that around you are families and friends using smart phones?

These people subscribes their data at least weekly if not daily and you have heard of people selling data very cheap but yet you do not understand how to tap into this business. It is not hard, All telecommunication service providers have given approval for those who can buy their services in bulk (SME) to resell to others in smaller units. When this approved persons buy Data from TSP in large quantity they is always a discount for such. So this person sell Data cheaper than the normal prices so that they too can get customers thereby creating a business platform. So to start this business, you will need a capital of about N45,000. To get your own automated online VTU Store, it costs N15,000 while the Epin Software manager costs N20,000 and extra 10,000 to fund your account to start selling! To get this automated online store and Epin software manager visit Feybay solutions at www.feybay.com

Have questions? Comment below!~~~