Did you know you that your bank makes millions of Naira daily simply by selling internet data bundles?

Yes, they do. This business is called data reselling.

You might have received such messages from your bank prompting you to subscribe data bundles via their mobile app or USSD codes. Have you ever stopped to wonder why?

Think about it for a moment… Don’t worry, I’ll wait.

Your bank invests a lot of money in developing their mobile apps and sending you message reminders like the one above just so you could buy data from them.

Here is something you should know…

They don’t do this because they want to make data convenient for you to purchase, they do this because they make a truckload of cash when you buy data from them.

Banks adopted the idea of selling data bundles to their customers as one of their core services because of the tremendous profit they reap.

Here’s how it works…

Banks buy data in bulk from network service operators (MTN, GLO, AIRTEL etc.) at extremely cheap prices, then add their own profit and sell to their customers.

When your bank buys data in bulk from network service operators, the network service providers give them discounts and sell to them at a very cheap price.

Hence, when your bank sells to you, they add their profit and make gains for themselves.

This is called data reselling!

The good news is, banks are not the only ones who can benefit from this business; you too can also make money from this business by becoming a data reseller.

Looking for a side hustle that can fetch you extra cash that doesn’t incur much stress?

This post is for you! Ensure you read to the very end.

What is data reselling?

Data reselling simply means purchasing internet data bundles in bulk from telecom companies (MTN, AIRTEL, GLO etc.) and selling in smaller quantity to end-users.

Just like with every other commodity, when you buy more (in large quantity), the supplier offers you a discount. The same applies to data. When you buy data in bulk, the service operator sells to you at a lower price.

You can get 1GB for as low as ₦270!

When you purchase data bundles at such low prices, you can then add your profit and sell to end-users.

Where to buy data in bulk for resale:

You can buy data in bulk for resale from Data Reselling Companies.

Since you can’t get in direct contact with these telecom companies (MTN, AIRTEL, GLO, 9MOBILE etc.), or afford to purchase their data bundles in large scales, you approach them through an intermediary.

This intermediary company is called a data reselling company.

In the event that you may not want to buy data in bulk for resale, data reselling companies makes it possible for you to also buy data in smaller quantity.

And such quantity would still be sold for you at the same cheap wholesale prices.

Hence, you necessarily do not need to buy in bulk in order to make a profit, you can buy as much or as LITTLE as you need and it would still be sold to you at wholesale price.

What is a Data Reselling Company?

Data reselling companies get data on your behalf from telecom companies (GLO, AIRTEL, MTN, 9MOBILE etc.) and offer them to you at an extremely cheap rate — the same wholesale price that telecom network sell to banks.

Hence, you purchase data from these data reselling companies at wholesale prices and then, add your profit when you sell to end-users.

Take, for example, 2GB is normally sold for ₦1,200 by MTN. But when you buy through a data reselling company (which I will introduce you to), you can get MTN 2GB for as low as ₦540! That means you’ll be saving ₦660!

Where to buy cheap data:

You can get cheap internet bundles from Data Reselling Companies—these companies purchase data in large scales directly from telecom companies and then resell these data to you at an extremely cheap price.

There are numerous data reselling companies out there offering cheap data bundles. But as with every business niche that exists, there are data companies who offer pitiful data reselling services.

I’ve tested the service of several data reselling companies in Nigeria to sieve out the legitimate ones from the vast number of unsolicited vendors.

My findings led to the creation of this post—to bring to your knowledge legit data reselling companies that are honest, reliable, and transparent with their services. I’ll unveil them to you below.

How to become a data reseller in Nigeria and start making money.

To become a data reseller, all you need to do is to sign up as an agent with a data reselling company.

As a data reselling agent, you will be treated with better discounts and bigger price slash for the data you purchase. That is, you’ll be offered data at extremely cheap prices.

So let’s say, for example, you purchase MTN 2GB for ₦540 and sell at N1000, That’s a ₦460 profit you’ve made!

Imagine you’re able to make 50 sales in a week, that’s ₦23,000 profit. In a month you would have made ₦ 92,000!

You might be wondering how it could be possible to make 50 sales in a week.

But you must realise that it’s the 21st century—the internet is the new market place for business.

Getting customers to patronise you is no longer an issue if you know how to use the internet as a leverage to market your services.

Don’t worry, I’ll show you how.

With the social media marketing techniques which I’m going to teach you, getting customers to patronise your data reselling services won’t be problematic.

How to get customers for your data reselling business.

Finding the market for data reselling isn’t difficult. As a matter of fact, the market exists right where you are.

In your house at this very moment, there is someone who uses a smartphone.

In your school, place of worship, place of work, there are people who constantly need data subscription.

Even if you live alone, your next-door neighbour and the people who live around you have smartphones too.

Such person(s) would want to purchase data. Basically, your customers begin right where you are.

Data reselling is a fast and legit way to start making money online without much stress.

According to annual research released by Hootsuite, the number of internet users in Nigeria is currently 98.3 million.

That’s almost 100 million people who will be in constant demand for data bundles to meet their internet need. And according to Statista, this figure is projected to grow to 187.8 million internet users by 2023.

Internet users in Nigeria spend an average of N3500 on data monthly. The market for data bundles is a thriving one and offers unlimited financial opportunities for individuals to become self-reliant and financially free.

Even if you’re an introvert and actively avoid contact with human beings, your personality still isn’t a barrier in this business.

It is the Digital Era. Buying and selling have moved beyond the conventional one-on-one physical meet up.

In the Digital Age, The Internet is the new market place for businesses. You can make money selling your data online right from your home.

You no longer need to meet one-on-one in order to get people to patronise you.

The internet makes it possible to reach millions of people right from the comfort of your home.

I’m going to teach you how to use the internet in marketing your products and getting more customers for your data reselling business.

What you need to start a data reselling business.

The interesting part about this business is that you don’t need a heavy start-up capital to begin.

All you need for this business is a smartphone with an active internet data connection!

With these resources coupled with what I’m going to teach you, you can start making good money selling data right from the comfort of your home.

Why should you start a data reselling business?

When you become a data reseller, you’ll be able to get data at extremely cheap prices.

When you purchase these data bundles at wholesale price from a legitimate data reselling company, you’ll be able to add your profit and then sell to consumers.

Data Reselling: the perfect business opportunity for you.

A few years ago, 1GB worth of data could take you for a month. But today, 1GB can barely get you passed a week.

With a large number of internet users in the country (over 100 million), you’d expect network service providers (MTN, GLO, AIRTEL, 9MOBILE) to make data cheap for end-users.

But that’s not the case. Truth is, data is expensive in Nigeria. And to cap it all off, the data doesn’t stay the expected duration.

According to the Alliance for Affordable Internet Data (A4AI), affordable data means that the cost of 1GB should not be more than 2% of the monthly minimum wage.

The current minimum wage in Nigeria is N30, 000. Thus 1GB ought not to be more than N600. But this is not the case. The average cost of 1GB in Nigeria averages at N1, 000. This means that data isn’t cheap in Nigeria!

Coupled with this fact, a lot of Nigerians complain that their data doesn’t last.

Most people subscribe up to 2-5 times monthly and yet, it barely meets their needs as network service providers are notorious for zapping data even with minimal usage.

With the current situation of things pertaining to the high cost of data offered by network service providers, Nigerians will begin to seek an alternative—a data vendor who can offer cheaper data services to meet their needs.

This is where you come in as a data reselling agent; to offer cheap data to these growing number of people and also make money for yourself while doing so.

Data reselling is the solution to the high cost of data bundles in Nigeria.

The number of internet users in Nigeria grew by 40.9 million subscribers between 2017 and 2019.

Unfortunately, as the number of internet users continues to increase in Nigeria, data sold by network service providers to consumers isn’t going to get cheaper anytime soon.

As internet users increase, the demand for data would increase too.

Consequently, the price for data would increase as well. Basic Economics—an increase in demand will lead to an increase in price.

The bottom line is, data is not going to get cheaper anytime soon for end-consumers in Nigeria.

And internet users can’t stay away from subscribing since the internet is interwoven into our everyday lives.

The high cost of data in Nigeria presents an incredible opportunity for you to make money.