Filipinos love to stay connected with their friends and loved ones all the time that is why they are one of the highest consumers of cellular load and in this post you will learn how to start your very own e-loading business. It is a very lucrative business to have in the Philippines and perfectly complements other businesses such as a sari sari store, carinderia, or computer shop.
You also have the option of not only selling regular load for popular networks such as Globe or Smart but you can also offer load or gaming credits for popular games. This makes your target market bigger and gives you more chances of fast investment return and higher profit just by starting an e-loading business.
One of the advantages of an e-loading business in the Philippines is it only requires low investment and you do not need a huge space to start your operation. However, just like any other businesses, you need to consider several things before you start an e-loading business to ensure a smooth and hassle free transaction both for you and your customer.
Here are some more information to help you in starting your own e-loading business:
Flexible amount of capital
You do not need to worry about your starting money because e-loading business requires a flexible amount of capital. If you have 800 – 1,000 pesos you can already start your business. As soon as you start earning, you can add more money to your e-loading balance to cater to a larger e-loading demand.
There are several types of e-loading method that you can choose from. There is one cellular network per sim, multiple networks in just one sim, and you can also choose an e-loading method that covers almost everything but it most likely requires an internet connection and computer. You need to think about what kind of e-loading method would be the most convenient for you to deliver a fast and accurate service.
Know your target market
Study your location and know what is the most used cellular network on your area so you do not need to get multiple retailers’ sim card if not necessary. However, it would be even better if you have all in one e-loading sim card so you have bigger target market but if you have small capital and you can only afford one type of load at a time, then knowing your target market is a must.
How to earn more money
You earn profit in e-loading business through commission. You would get a certain percentage on the total amount of the load that you sell per customer. So the more loads you sell, means more earnings for you.
Your income depends on how much load you sell. Make sure to promote your product and offer different promotions so you will have a regular customer.
Those are the things that you need to know on how to start an e-loading business in the Philippines. These useful tips help you to establish your business and make it a success. You do not need a huge capital just to start a business because in e-loading, you can double and even triple your small capital in just few months.