The telecom business in India has successfully created an economic value of $217.4 billion in 2020. India is responsible for the world’s second-largest telecom sector with a customer base of 1.20 billion and a significant growth trend over the last decade.
The online recharge business is one of its kind investment opportunities for students like us to embrace and generate revenue without any considerable income.
If you’re searching for intelligent ways to make money online, you need to talk about recharge business that can help you raise money without a lot of effort.
Living the life of a broke student like most of us, making money was a thing that was always on my mind. The pocket money I received from my parents barely made up for my necessary expenses; therefore, cost-cutting was an essential task for me. So, in my constant search for finding new ways to earn some extra cash, the idea of starting my own recharge business stumbled across my mind.
However, as a student budget was already a constraint and starting a new business was not a piece of cake. So, I started with some baby steps. I learnt how the online recharge business worked.
Therefore, I began building contacts. Honestly, getting my first supplier was the most challenging task for me, and the commission I received on every recharge was pitifully low.
However, I saw this pitfall as a hidden opportunity and did not give up on my dream to build a successful career in the recharge business. Soon, I was rewarded for my efforts as the mediating suppliers, which blocked my commission was eliminated, and I received a chance to directly connect to the main supplier and communicate the service to the customers.
Eventually, I received productive revenue from a limited budget start-up, and my business was finally blooming at a stable pace. The revenue I earned from this business helped me take control of my expenses and also save for my future. These earnings have developed a sense of confidence and trust in me to expand this small idea of start-up to a big business opportunity.
How Selltm Helped me
The initial customers of my recharge business were close friends and family. Through local marketing, I was able to generate decent commission-based incomes that helped in increasing the value of my pocket money.
Around this time, the greatest challenge of my small start-up idea hit me. My consumer outreach was limited on a tiny demographic scale.
The next thing on my mind was how to increase my consumer base. It was evident by my limited budget that large scale digital marketing and website design on my platform was out of the question.
So, I started searching for an innovative way through which I can communicate my recharge business service to a broader range of clients. It was clear that the margin ratio in this business was volume-based. So, the only way I could have increased revenue was by attracting a more significant number of clients.
I further learnt that through this business, I could facilitate DTH recharge, Electricity bill payment, Data card, Land-line recharge, prepaid recharge and post-paid recharge.
The recharge business further operates on the Administrator, Master-Distributor, Distributor and Retailer level. It was essential for me to collaborate with the interlinked web of the business hierarchy better to understand the logistics and operations of the market.
I was worried about the operations, distribution and marketing issues of my company. That was when a friend recommended me to try the Selltm App. At first, I was cynical about the effectiveness of the app, but the friend briefed me about how it worked, and I was intrigued.
Although I was in the recharge business, technology was not my most substantial asset. But soon it turned out that the app was pretty simple to use and did not require any kind of technological expertise. Another great thing about the app is that it does not require any investment.
The Selltm team was great in encouraging me to develop efficient strategies to find a higher range of customer database. The app was frequently updated with all telecom related updates to ensure that I did not miss any critical telecom policy changes.
The app further helped me to connect with the telecom network, which parted valuable guides to manage and expand my recharge business effectively. Selltm acted like a one-stop solution for all my business-related issues. It helped me create a wide range of loyal customer base through which I ended up generating considerable profits through a high rate of commissions.
The Selltm app deposited my money regularly in my bank account. I honestly recommend this app to help aspiring entrepreneurs like me who are searching for a way to operate, distribute and market their business.
What You Should Know About Recharge Business
- Money is not the only important thing to create long term stability in the business. Therefore, I learnt to value and respect my old and loyal clients, even when I received new bulk orders.
- I developed the notion that an essential aspect of any business is the customers. Therefore, I aimed at continually focusing on the changing interests of my customer base and the training and development of my employees.
- Another critical lesson that I learnt from the start-up of recharge business is to maintain a healthy debt ratio. I avoid taking debts as much as possible, but in dire circumstances, I make sure I repay early debt in regular instalments.
- Finally, the most important lesson I learnt from my experience as an entrepreneur is to learn early from my mistakes and be cautious and take calculated risks.
The little initiative of earning some extra pocket money adequately powered by Selltm made my dream of being an entrepreneur into a reality.
I never anticipated that the app would help me to such extent to learn, grow and build healthy relationships with my clients and suppliers. The encouraging support by the Selltm team motivated me to fuel my little idea into a full-fledged business.