Start A Profitable VTU Business In Nigeria & Become A VTU & SME Data Agent.
Do you know that the total number of active phone users in Nigeria hit 146M as of January 2018? This according to the statistics generated by the NCC. This is really an opportunity you should take advantage of as an individual. This business is so profitable that banks decided to invest in it. It doesn’t take an angel from above to tell you that it is your time to make money from VTU business In Nigeria. Stay close as we dive into the step by step guide, for you to start your own VTU business in Nigeria. And how to become a VTU agent in Nigeria.
What is VTU?
Firstly, the acronym VTU stands for “Virtual Top-Up”.
There is always a need for the world to carry-out task more efficiently in a conducive manner. Obviously, everyone tries to find a shortcut to execute daily tasks and duties in a better, faster and less stressful manner. This prompted the invention of VTU (Virtual Top-Up).
The old way of loading your phone with airtime was, buying a paper or scratch card and then loading it on your device with a USSD code. But with this digital method called the VTU, you can now recharge your phone and be credited directly by a vendor. No need for scratch cards or loading the USSD. To confirm that the Virtual Top-up was successful, the buyer will receive an alert on his/her phone that the recharge was successful.
How Profitable Is VTU Business In Nigeria?
In Nigeria, there are over 100 million plus active sim cards in Nigeria. And an average sim card user spends an average of two thousand naira recharge card per month. This is a total of 200 billion naira per month. Keep reading, as we will show you how to make 5% of 200 billion naira per month which means you will be earning a total of 10 million naira per month.
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How to Become A VTU (Virtual Top-Up) Agent In Nigeria
You’ll need your mobile phone to access the VTU application, irrespective of the mobile network you are using. This application will enable you to sell VTU airtime for all mobile networks in Nigeria.
The mobile phone must have access to the internet which will make it possible for you to send airtime to buyers. Note that this VTU application won’t consume much data and will not require much to start.
Bank Account (Savings/Current)
Lastly, you’ll surely need a savings account where buyers will make payments for VTU services. Note that you can use any bank for this purpose but I’ll strongly advise you to use GTbank for efficiency and satisfactory.
How Much Can I Use To Start A VTU Business?
The VTU business is not doesn’t require much capital to start. With a minimum of 10,000 naira, you can start a profitable VTU business.