In our previous posts, we mentioned that the loading business is one of the low-budget businesses anyone can start here in our country. Given the fact that you do not need millions or hundreds of thousands to start this business, it is a flexible business that does not restrict owners to only do that type of business or career. It is a business that requires accessibility to your cellphone anywhere you are and whatever you are doing. Let’s have a look at it in a deeper scale.
What is this business all about?
First and foremost, we need to know exactly what we are dealing with before getting into it, correct? So we should know what this is all about. The cellphone loading business is all about mobile phone loading. This is a sure profit because guess what, everyone you know owns a cellphone. Even someone who isn’t rich owns a cellphone. And a cellphone needs load in order for them to use it. This is where you come in – you supply them with load whenever they need it. There will be customers who will come to you on a regular basis and you should wait and be patient for that.
Why is this a great business opportunity?
A lot of people disregard this because they think that it is profit-yielding but small but that should not stop you. Eventually, you can turn your income and have it multiplied over time. This idea is great because:
- Almost everyone has a cellphone and they need load for communication
- Statistically, there are 74-80 million cellphones nationwide. More than 1 billion text messages are being sent everyday (only here in the Philippines. Capturing that only 0.1% can yield you a profit of Php900, 000 worth of load purchases.
- Every device needs load, think about it. (Cellphones, tablets, pocket wi-fi’s, televisions, and many more.
If you are not yet satisfied, then you should be because there is nothing that should hinder you from getting this if you want to start a small business.
What do I need to start?
Aside from the small capital you need, you will also need to have the essentials and these are:
- A cellphone. Does not matter if it is not high-tech, as long as it can send SMS messages, it is fine.
- A working sim. Does not matter if prepaid or postpaid as long as it is still active.
- Internet connection. It is not actually something you need but it will make your life and business easier. It is the internet, after all.
There are two types of loading business here in our country:
The Individual Telecom
To get this kind of loading business, you will have to go to a retailer or a provider and buy a retailer sim card. You will then have to buy a certain amount of load that you will sell. For every promo or load that you sell, you will get a specific amount of profit and that depends on the retailer or provider.
Load All Telecom Method
Based on what they are called, it is pretty obvious. Of course, you would go choose the load all because it enables you to have a wide range of customers without incompatibility and complexion. There are companies who provide to its customers; a simple activation is required so you can access this all telecom loading. On the other hand, you can buy two sim retailer cards, Globe and Smart and start loading for the two telecoms.
Admittedly, this business is not really that profit-yielding if only the basics are done. You will need strategy, patience, and a bit of luck in order to ace this business. What are you waiting for? Start now and make your dreams come true. What are your thoughts as regards to this? Let us know in the comments below.
Read also: Businesses you can start under Php 10,000