Ict/Telecom
Low Profit: Recharge Card Retailers Close Shop
Sequel to the low profit margin in recharge card business, most of its dealers have decided to divert to other areas of business which they consider more rewarding.
Some dealers made this known in an exclusive chat with The Tide in Port Harcourt, Tuesday.
A dealer, Mr Musa Umaru, said that it was painful to make only N200 after selling N5,000 worth of recharge card.
He noted that such was tantamount to slavery as dealers go home almost with nothing, while the producers smile to the banks.
Umuaru, said even sachet water was preferable as up to 80 per cent profit was recorded after the sale of each bag of about 20 pieces.
He told The Tide that since last year, he had not purchased recharge cards for sale due to the poor profit margin.
In her view, Mrs Joy Obong, a recharge card trader, suggested for 20 per cent discount by the producers, for dealers in order to enable the business thrive.
She regretted that the trend has continued, even after most sellers have backed out of the business.
Obong, also attributed online recharge phone system as another factor inhibiting the manual sells.
The dealer, explained that most subscribers have now preferred the online system of recharging phones, thereby, causing a level of negative development in the recharge card business.
Mr Chima Humble and Miss Queeneth Obi, lamented how the manual sale of recharge card would be grounded, if urgent steps were not taken.
They however called on all telecommunication operators to look inward and come up with a better solution that would encourage dealers to remain in the business.
Ict/Telecom
Konga Launches Tech Sales Drive In Nigeria
Ict/Telecom
Telcos Explain Service Disruptions ……As Nigerians Consume 4m Terabytes Data
Ict/Telecom
Platform Petroleum Unveils ICT Hub For Niger Delta Youths
-
News4 days agoRivers NUJ Seeks Recruitment Into State Media Houses …Urges Govt To Reposition Public Service
-
News4 days agoFamily Seeks Police Help As Woman Goes Missing After Fleeing Female Circumcision Threat
-
News4 days agoNDLEA Intercepts 1.63m Tramadol Pills, Arrests 80-Year-Old Suspect
-
Oil & Energy4 days agoNCDMB Partner Renaissance To Train 300 Youths On oil, gas Skills
-
News4 days agoNigeria Hosts World Public Relations Forum Sept …As Experts Seek Inclusion Of PR In Decision Making
-
Oil & Energy4 days agoAbia Secures $145m Investment Commitment To Establish Solar Manufacturing Plant
-
News4 days agoSpain Are World Champions ….. End Argentina, Messi’s Dreams
-
Oil & Energy4 days agoLocal Crude Shortage Crippling Nigerian Refineries – MAN
