VTU Business is one of the most profitable businesses you can start with less investment/income in Nigeria. The business is suitable for individuals and small/medium sized businesses
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The good thing about this business is that you can do this VTU vending business without necessarily having any CERTIFICATE, COMPUTER, HUGE CAPITAL, WEBSITE/BLOG or having to REGISTER your business name.
you can also start a VTU business for as low as N1, 000 – N10000 with just an Internet-enabled smartphone. We now have a new innovative and more effective approach to VTU Vending. This has taken care of the demerits of the orthodox way (SIM loaded VTU) of vending Virtual Top Ups.
All you need is just an internet enabled device; must be an Android phone or laptop and you can go into VTU Virtual Top Up business and make a decent profit for yourself.
Note: There are two ways to start the VTU business, it could be either online (via website) or offline (via shops and stores) it all depends on which area you would like to start with.
How to start a VTU Business in Nigeria?
VTU simply means Virtual Top Up and it is a digital method of selling airtime credit automatically. One of the reasons why the VTU business has grown to become quite lucrative is because of the surge in the number of mobile phone users in the country and the need to buy airtime.
Before the introduction of VTU, the traditional way of purchasing airtime on your phone was by buying a recharge card or voucher and then loading the airtime/credit on your phone with a USSD code. For example, *555*XXXXXX# is the method used by MTN subscribers.
With the advent of VTU, all you need to do as a customer is paying a vendor and your phone will be directly credited by the vendor. This means that you no longer need a scratch card before you can load airtime. You will simply receive an alert indicating that your phone has been topped up.
Currently, all banks in the country are VTU vendors which is why you can buy airtime directly from your account. The fact that banks have hopped on to the VTU train is a clear indicator that the business is quite lucrative. However, it is not limited to just the banks, anyone can become a VTU vendor including you.
Step 1: Get your phone (s) and register on the VTU company’s website to create an account on their web platform.
Step 2:– Load money on your phone(s) so that you can use the money to vend all networks (MTN, Airtel, Glo, Etisalat). You can start with 10000 on each network. You can use any type of phone to vend airtime credit but the phone must be able to connect to the internet.
Now that you know all about VTU, we have provided additional information on how to set up your business.
Your Primary needs includes:
- PC or Android device.
- Mobile Banking App or Debit Card (ATM card)
- Google Drive App
- And the Virtual Top Up Vending PACK.
Secondary needs include:
1. Location
It is important that people can locate you when they need to load airtime or pay bills. One of the best shop locations is a busy location with a lot of foot traffic. These include commercial areas, locations near different institutions, school campuses and crowded squares.
2. Source for capital/tools
Your startup capital is quite minimal. You can start with as little as N5000. You will use this money for the advertisement and business set up. If you don’t have a mobile phone, you will also need extra cash to purchase a good phone that can be used for your transaction. You can also get a laptop which is a great device for making your business efficient.
3. Order a good showcase
This is where you will put all the necessary information about your business. It is better to get a metal one because it is more durable and will last longer.
4. Create a website
You can take your business a step higher by having a website or a dedicated social media platform where you advertise
