Is vtu business profitable?
Virtual top up business is one of the commonly online business most of nigerian youth engaged in, some have start with full knowledge of how the system work while some have opt in without any knowledge. Let us see how vtu website is profitable. From the whole sale website data price is now 225 for SME and 240 for Cooperate Gifting CG, if you are an affiliate website owner they will be selling it for in lower price than others which will increase your profit to about 19%.
With the above explanation we can see that vtu business nigeria is very profitable more than what other people that is not in the system may think.
How much do I need to start a Vtu business?
To start vtu business we surely need capital like any other type of business need. In vtu business, there is three things to consider before deciding on how much we need start the business these include the following:
- Developers charges
- Sim hosting
- APIs connections
This is the amount it cost for developers to develop a vtu business portal or vtu business website. Some developers charges are affordable while some cost alot for their work. WordPress plugin also is among the other ways on how to set up vtu business.
This is the process of hosting sim card to a particular website and call it in action to your own website using authentication process. Simhosting sites like Smeplug have a higher plan packages for sim connection which will require 250k for MTN corporate gifting and like 600k for for Airtel CG data. Other companies like msplug offer lower rate.
If you are ready to host your sim cards, the next thing to consider is how much it will cost you to su subscribe to a data bundles. If you wanted to buy MTN SME data to host sim, the profitable plan will cost 5m(5,000000) naira while the CG package cost around 9m+(9,000000) this packages required people with big capital.
This is most simpler way on how to register for vtu business or how to start a vtu business in nigeria because with api connection you can sell data on your website with 50k only.
With the consideration of the above points, we can decide the type of vtu business we will opt-in and understand the capital it may need.
What are the benefits of VTU?
Vtu business powered by mtn is not like that of websites, because it is like momo agent that engage in vtu recharge business. But the business is very profitable especially if you have a customer or high number of users on your website. You can learn more about the profit of this kind of business in our post that describe it in details.
The benefits include earning from the site and making it like an office that you will be working in and earning your salary monthly.
What is the meaning of VTU in MTN?
Vtu in MTN means virtual top up, it is the process of selling airtime and data through api connections or via some company bodies like momo agent and or using MTN app.
Sometimes this business come with risk as many people are their out on the internet looking for a ways to cheat the system, that is why we will have to be careful with the way we are doing our online business especially if it come to this section. If you have any questions you can feel free to contact us and we will respond to in a mean time.