Tag Archives: best data reseller

How To Start a Data Resale Business In Nigeria


A Data resale business is a business that requires a small amount of money as an input but a large amount of money as an output. Data resale is a form of business in which an individual buys data packages in bulk and resells them to consumers in small quantities. An individual data vendor buys data packages from a platform and carrier and sells them to everyone at a higher price to make a profit.


Today, financial institutions such as banks and Microfinance companies have added airtime recharges and data purchases to their services. They earn money when customers buy data and airtime from their platform. Nigeria has4 telecom companies;
MTN, GLo, 9mobile, Airtel.

As a data reseller, you can get 1GB of MTN data for N230 and sell it for N400 or more. The data seller can buy this data at a cheaper price and sell it to their customers at a higher price. To start a data reseller business in Nigeria, all you need to do is register as an agent with a data reseller. As a data reseller, you will get better discounts and more discounts on the data you buy. This means that you will be provided with data at a very affordable price.

Who is the data distributor? A data distributor is an individual who obtains very cheap internet data packages and resells them at his own price for a profit.


Requirements for Starting a Data Resale Business in Nigeria
Have you ever thought of starting a data resale business yourself? Here are the requirements to start a data resale business:


1. Smartphone or laptop
2. Bank Account
3. Internet connection.

4. Capital: Minimum starting amount is N1000.


Money is included when starting a business, especially if it’s real. Reselling data is not one of the ways to make money online without paying anything. In fact, you need to invest or spend money before starting a data reselling business. However, that doesn’t mean you have to break the bank or empty your account to get started. When you start a data resale business, you need money to buy data and also to fund your portfolio. 2. Smartphone / Laptop
Data reselling is an online business that cannot function without a laptop or mobile phone. You can replace your smartphone to start this business. So it doesn’t matter if you don’t have a laptop or computer system. You can efficiently run your data resale business from your mobile phone. 3. Internet connection
Reselling data also requires the Internet. You must have a stable internet connection on your mobile phone.

A bank account
In addition, you must have a bank account that serves as a means of payment. Your bank account is where you receive payments from your customers. After receiving a request from a customer, you need to forward your account details to the customer. Once payment is received, you can proceed to process the order and send the data to your customer.


To start a data reseller business in Nigeria, you need a reliable reseller platform. Resale platforms are places or websites where you can get airtime and data at an affordable price. Even if you don’t buy data in bulk, these companies still allow you to access cheap data plans online. There are different platforms to start a data reseller in Nigeria but in this writeup we cover only one platform that we trust for various reasons, and that is Data Factory. Data Factory is very easy to use. All you need is to do is to register at http://www.mydatafactory.com.ng and get started.

After signing up, click ‘upgrade to an Agent’ on the dashboard,

You need to top up your wallet balance with a minimum of 1000 to start buying data, airtime, and other things. MyData Factory is still one of the best out there. Their customer care service is fast, they offer cheap and reliable data plans. Are you ready to start your data resale business in Nigeria? Sign up now at http://www.mydatafactory.com.ng and start your journey towards financial freedom. To start a data reseller in Nigeria, the start-up cost is N1,000 or more. Of course, you can invest up to 100,000 or more if you want.

Reselling data is one of the cheapest forms of online business to start today. It takes little money to get started and you can start this business depending on the scale you want to run. Even if you want to go big by creating a website for your data resale business, you will not need huge capital to do so. However, your capital will depend on the level at which you intend to trade. You cannot start a data resale business with N1,000 and expect to make N10,000 a day.

You can start a data plan resale business based on the volume and range of data that you plan to run. If you intend to resell and trade with large numbers of people each day, you will need to start with an additional 10,000.
The data reselling business is one of the most lucrative and easiest ways to make money online for yourself. Visit; http://www.mydatafactory.com.ng now to get started

You can download MyData Factory app on Google playstore below

Business To Start With Less Than N20,000 in 2024

Business Ideas To Start With Less than N20,000 In Nigeria
Whether you have a 9-5 or a student looking to start a side-hustle or want to go into a new low-risk business, regardless of the category you fall into. You can put aside some money and start any of these 5 business ideas:

  1. Data Reselling Business: This is the quickest and cheapest business to start in Nigeria and make huge profit within a short period of time. Infact you can start with as low as N2,000 and make big profit. You only need to go to MyData Factory http://www.mydatafactory.com.ng and register. Registration take about a minute. You upgrade your account as Agent and fund your account with any amount you have starting from N1,000 and above, do a small banner like this ‘Buy your cheap Data here MTN 1GB =N240. When you have customers you log in to your dashboard on http://www.mydatafactory.com.ng and input the phone number of that customer and select the Data size. As agent Data Factory will give you the lower price which you sell at your own price. Any other user who want cheap data can also visit the site. The site is one of the website that offers extremely cheap data.
  2. Okrika Business
    Thrift, Okrika or bend down select business is highly lucrative, especially among students and young people. People love thrift clothes because they are affordable and sustainable, and many gems can be found while thrifting at a low cost.

With N20,000, you may start a thrift enterprise. All you need to do is studies the best marketplace to get affordable, good-first-class clothes to resell. The famous markets in Lagos to buy clothes from are Yaba market, Balogun marketplace, Oshodi market, Aswani market, Katanga Market, and so on.

Also, some of those markets have unique days where you may get less expensive deals. Generally, the primary days to get good excellent clothes in Lagos markets are Mondays, Wednesdays and Fridays. While days for discount prices are usually Tuesdays, there may be also Yaba night time market.

After shopping for a bale of cloth, spend money on branding materials, set up a web store, and start promoting. With all these, you are set to begin calling yourself a business owner. Well done, it isn’t easy.

  1. POS/ Agency Banking
    Point of sale (POS) provides offerings that help us effortlessly withdraw and send funds. Becoming a POS agent is gaining traction fastly in Nigeria, especially in areas where a commercial bank or an ATM isn’t easily accessible. It’s also profitable. Generally, an agent makes N100 for every N5,000 naira a person withdraws. What a groovy way to make cash!

To get started, you need to get the POS device which is usually for N15,000, and you start transacting with any amount of money you like.

  1. Accessories Business

This is some other low capital, high reward business. I’m not relating to selling real gold or diamonds, extra like non-tarnish steel add-ons. There’s already a market for this; people love to be adorned with beautiful, suitable, excellent accessories that might not cost them an arm and a leg. Basically, looking excellent on a budget.

In Lagos, there’re wholesalers in Balogun Market, China Town or any other markets. You can purchase without delay from or ship the accessories from online retail services like Aliexpress. With the skyrocketing exchange rate, this may not be advisable. It’s often exceptional to stick to a dealer to make sure the quality of what you’re getting. You also can get discounts for being loyal to your dealer.

  1. Perfume oil

For individuals who can’t have the funds for excessive-end perfumes, fragrance oil serves as an alternative or enhances the other scents they use.

As usual, you don’t need an excessive amount of money to set up this enterprise. In fact, you may not even spend as much as N20,000 while starting. You can get a supplier to shop for from, or you can make them yourself..

6.Finger Foods/Pastries
Do you adore spreading joy with your love for cooking or baking? Then, you can monetize this passion of yours into a profitable enterprise.

You can start this enterprise in the comfort of your home. Be it small chops, chin-chin, smoothies, zobo, cupcakes, bread, cocktails, and so much more. There’ll always be an audience ready to patronize you. You’re good to go together with brilliant service, right branding, and promotion.