Over 92 million Filipinos. Over 88 million cellphone network subscribers. Astounding figures when you think about it.
Not many people remember now but once upon a time, just alittle over a decade ago to be more specific, cellphones were a luxury. They can do not much other than call and text. Cellphone bills were delivered home monthly. And the sending of text messages was absolutely free of charge.
But changes docome along with time. Technology has advanced at such a rapidpace. And with that, cellphones here in the Philippines has become as ever-present as they come. Cellphones have become a necessity to the point where almost everyone has it. Cellphone network providers found a proverbial gold mine and so the concept of prepaid load became really widespread. And that is hwy today, a lot ofpeople have started to make profits off of selling loads. This is indeed one business where you will almost certainly never run out of customers due to its extremely high demand to the point where it has practically become indispensable.
Starting up your own load retailing business is pretty simple. Here is an excerpt from an article at fitzvillafuerte.com listing down the five easy steps to start your own loading station :
1. Globe, Smart or Sun?
The Philippines currently have three mobile companies, Globe Telecoms, Smart Communications and Sun Cellular. All three offer various prepaid load retailer schemes. Do you want to sell Globe Autoload, Smart Eload or Sun Expressload? It’s your choice but I suggest getting the mobile company where most of the people you know are subscribed in. Can’t decide? Then get two or all three.
2. Get your cellphone ready.
Almost all cellphone brands and models are capable of reading the special retailer SIM cards. Anything that came after 1999 would probably work so this means that you can now have another use for your old Nokia 3210 and the other good working cellphones that are now collecting dust in your household drawers. If you don’t mind switching SIM cards, then you can use the current cellphone you’re using.
3. Look for a local distributor.
Go to the nearest Globe Business Center, Smart Wireless Center or Sun Shop and ask for the contact details of the load distributor in your area. With the exception of Sun Cellular, the retailer SIM cards are only available through these distributors. It’s also important that you know where exactly their office or branch is because you would have to go there when you need to reload your credit stock. Make sure that it’s convenient to visit their location.
4. Buy your retailer SIM card.
Go to the distributor and buy your retailer SIM card. Be ready to buy your initial credit stock too which is usually P1,000. After buying your retailer SIM, ask the distributor to teach you everything you need to know about being a retailer. This includes how to sell load, how to check your remaining balance, how much is your profit per transaction and what number to call for help or if you have further questions.
Go to the distributor and buy your retailer SIM card. Be ready to buy your initial credit stock too which is usually P1,000. After buying your retailer SIM, ask the distributor to teach you everything you need to know about being a retailer. This includes how to sell load, how to check your remaining balance, how much is your profit per transaction and what number to call for help or if you have further questions.
5. Advertise, sell and earn money.
Once you have your retailer SIM activated, start telling your friends, family and officemates about it. Once you have successfully marketed your sideline to your immediate social circle, expect word of mouth to give you more clients. My brother who’s been doing this in his office often get visits from people from other departments for load, even his superiors occasionally purchase credits from him. If you’re planning to put this income opportunity to an existing business of yours, then remember to ask for marketing materials such as posters and flyers from your distributor. These are free and usually immediately given upon request. The standard profit margin is around 13%.”
Once you have your retailer SIM activated, start telling your friends, family and officemates about it. Once you have successfully marketed your sideline to your immediate social circle, expect word of mouth to give you more clients. My brother who’s been doing this in his office often get visits from people from other departments for load, even his superiors occasionally purchase credits from him. If you’re planning to put this income opportunity to an existing business of yours, then remember to ask for marketing materials such as posters and flyers from your distributor. These are free and usually immediately given upon request. The standard profit margin is around 13%.”
And there you have it. Simple steps to a highly profitable business. Cellphones are certainly here to stay that is why it would be really wise to make the most out of it.
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