I see young boys doing the business of selling sims and registering the sims. I wanted to ask if it is profitable enough to sustain someone. Most of those guys just do that business alone.
Is seliing/ Registration of Sim Cards profitable?
- Thread starter Niyi Briggs
- Start date
It is in Nigeria that is a profitable business because Nigerians use to make everything absolutely difficult that you must bribe your way to get what you suppose to get free. Some registration suppose to be free without hassles but you can't get done for you without paying through your nose.
It will be extremely possible to make huge profits if the business is located in a densely populated area.
- Thread starter
- #8
For us in Nigeria, the introduction of National Identification Number killed the business. So many networks made the conditions for getting sim card very stringent.
I believe that the location where you set up this business is what is going to determine how lucrative or how much profit you will be making from it on daily basis.
Selling sim alone may not be so profitable but it is better if you can combine it with something else like selling recharge cards, rendering POS service and some other related things
It is very correct that I have seen a lot of people doing it and if it is not lucrativ, they will not venture in it.
- Thread starter
- #17
If you consider the fact that people don't buy sims ebeyday. Some buy once in 3 years. So, it is possible that one can stay three days without selling even one sim.
I am not sure if it is still a lucrative business these days. People used to buy SIM cards, and we had to register them.
I don't know how this business is faring now but I don't think it can be done as a sole business like before.
They have made buying of son cards quite difficult in my country making people like tat deal with them to keep making abnormal profits.
