Even though you can now buy credit via mobile banking or marketplace, But the potential for selling phone credit remains high, as long as you know how to sell phone credit effectively to reap profits.
In this article, Labamu will share tips for beginners looking to start a mobile phone credit business. Check it out!
Potential for Selling Credit
Clothing, food, shelter, phone credit. Is that true?
Who doesn’t need phone credit these days for phone calls and internet? That’s why, in this day and age, phone credit has become a basic necessity that must be met, whether we like it or not.
People don’t hesitate to spend hundreds of thousands, even millions of rupiah per month on phone credit and data packages. They do so for various reasons, including communication, work, study, or entertainment like watching movies, playing games, and browsing social media.
Now, seeing this potential demand, you can leverage it as a source of additional income to fill your coffers. However, to maximize profits, first understand the characteristics of your target market.
Whether it’s suburban, rural, elderly, or otherwise, you can offer appropriate products and services.
How to Sell Credit for Beginners
If I may say, selling phone credit is effortless. Meaning, you don’t need any special skills or a large amount of capital. However, you must remain observant in analyzing opportunities and customer behavior. Here are some tips you can apply as a beginner.
1. Choose a Trusted Credit Agent
To start this business, you can begin by finding a trusted mobile credit agent. They usually require a deposit of a certain amount to be used for transactions. This balance will be deducted when a customer purchases mobile credit from your store.
However, because there are so many agents offering collaboration, make sure you choose an agent with a good reputation, who is trustworthy, offers the lowest prices, and provides additional benefits such as credit bonuses or sales commissions.
Additionally, there’s no harm in working with more than one agent. If one agent has problems, you’ll have a backup plan so your business can continue running as usual.
2. Provide credit from all operators
The potential for selling mobile phone credit is indeed huge, but the competition is equally fierce. Therefore, be a “palugada” (anything you want, I have) mobile phone credit seller.
This is done by providing credit from all available operators, especially those widely used in the surrounding area. For example, XL and Smartfren, which are widely used by rural communities, or Indosat for young people like college students and schoolchildren.
3. Determine the sales location
Lokasi jualan yang strategis akan memungkinkanmu mendapatkan lebih banyak keuntungan. Oleh karena itu, coba pilih lokasi jualan yang ramai dan sering dikunjungi orang. Misalnya dekat pasar, di terminal, atau dekat jalan raya.
4. Take advantage of online credit selling applications
But what if you don’t have the capital to rent a kiosk? Don’t worry, now you can sell phone credits via your mobile phone.
You can use an online credit-selling app to start selling. It’s quite easy: simply top up your account balance and use it for transactions.
In addition, you also have the opportunity to get discounts and flexible payment methods when you use it.
5. Provide a mobile phone to be online at all times
If you’re serious about selling phone credit, you need to have at least one mobile phone that’s online at all times. In case a customer needs phone credit suddenly at night or at odd hours, make sure you’re easily reachable and can respond quickly.
To ensure everything runs smoothly, make sure you use a secure and controlled internet network so there are no “sorry, no signal” stories between you and the buyer.
6. Sell credit at competitive prices
Because it’s like a basic necessity, people will be more price sensitive if phone credit prices increase. It’s kind of like when the price of rice goes up!
Instead of taking huge profits on every trade, you can choose a “quantity win” strategy.
What this means is, even if the profit is not that big, if you can get more customers because your credit price is 500 – 1,000 Rupiah cheaper than your neighbor’s, customers will choose you more.
7. Take the Right Promotional Steps
This promotional strategy must be precise, don’t be too aggressive and end up losing money.
The easiest way is to put up a banner or sign at your business location. Highlight the best deals you can offer.
You can also occasionally offer discounts (that aren’t really discounts) to attract buyers. You can also offer special prices to loyal customers.
In essence, be very clever at reading the situation so that your business will become better known and grow rapidly.
8. Not Serving Cash Advance Buyers
Remember, you’re a credit seller, not a debt collector. Therefore, don’t serve cash advance buyers if you’re not willing to put in the extra effort to collect your credit debt.
Maybe the amount is not big, but if you keep letting it go, you’ll end up losing money, you know!
9. Provide Other Products
Besides selling phone credit, you can also offer other products to become known as a “one-stop shop” for phone credit. Here are some complementary products that could be potential business ideas:
- PPOB, such as paying electricity, water, telephone, insurance, or train ticket bills
- Electricity tokens
- Online game vouchers
- Interbank money transfer services
- Selling second hand cellphones and cellphone accessories
- Mobile phone and electronic equipment service
10. Provide Friendly Service
Even though this is a small business, continue to provide good and friendly service so that customers will not be put off and will continue to choose you over other counter ladies who are unfriendly and have sour faces.
Make sure you are also a fast-response seller so that people feel they can rely on you in urgent situations.
11. Be Consistent and Manage Income Wisely
The final way to sell phone credit is to be consistent. No business can be successful if it’s done half-heartedly. As today’s youth say, you have to go all in!
Besides maintaining consistent enthusiasm, you also need to consistently record the income and expenses of your mobile phone credit sales business so you can monitor your profits and financial condition properly and in detail.
In this regard, you can rely on Labamu, which provides various features to make it easier for MSMEs to conduct transactions and maintain business administration records.
To check complete information, visit www.labamu.co.id or directly download the application via Google Play or the App Store.
