menu search
brightness_auto
Ask or Answer anything Anonymously! No sign-up is needed!
more_vert
I want to know the online recharge business is profitable or not?
more_vert
You might have to do the groundwork and start this at residential areas or a cluster location, where you have many footfalls. At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.

 
more_vert
You might have to do the groundwork and start this at residential areas or a cluster location, where you have many footfalls. At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.
more_vert
do the groundwork and start this at residential areas or a cluster location, where you have many footfalls. At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.

11 Answers

more_vert
Yes, its a good business to start, because inspite of many Mobile Wallets, still there is a requirement for a Kiosk based model where these things can be done quickly. You might have to do the groundwork and start this at residential areas or a cluster location, where you have many footfalls. At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
In singapore, this is pretty much common business. And there is a lot of profit that can be achieved using the mobile recharge business. So start doing this business in the village and the remote area. And that should give you an idea about how it can impact your earning. Find out where to get the most recharge for your mobile. 
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Yes, its a good business to start, because inspite of many Mobile Wallets, still there is a requirement for a Kiosk based model where these things can be done quickly.

You might have to do the groundwork and start this at residential areas or a cluster location, where you have many footfalls.

At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.

But in small pockets and sub urban areas, opening Kiosk is a viable option as you might have less expenses to run your shop.

You can make anywhere between 10–30K per month
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
I do think it is a good business, especially now. Most people are into the mobile app and the like. With this kind of business, it will be feasible.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
The online recharge business is profitable if the users of the service have set up an account and are using it at least once. If the users have a pay as you go account, the business could be profitable if it is making a profit each month.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
The online recharge business, which includes mobile, DTH, and utility bill payments, can be a profitable business if executed correctly. However, the profitability depends on various factors such as market competition, demand for the service, pricing, and operational costs.

One advantage of this business is that it requires minimal investment and has low overhead costs, as most of the transactions are carried out online. Additionally, the increasing use of mobile devices and internet connectivity has made online recharge and bill payments more convenient for consumers, which can result in higher demand for such services.

The profit margin for an online recharge business can vary depending on the pricing strategy and volume of transactions. Typically, the profit margin ranges from 1-5% per transaction. The profitability also depends on the operational costs, such as website maintenance, customer support, and marketing expenses.

To determine the potential profitability of an online recharge business, you should research the market demand, competition, and operational costs. It is also recommended to start with a small investment and gradually expand based on the success and demand of the business.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
You might have to do the groundwork and start this at residential areas or a cluster location, where you have many footfalls. At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
You might have to do the groundwork and start this at residential areas or alocation, where you have many footfalls. At present, the commission rates per transaction is quite low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
The profitability of an online recharge business can vary depending on various factors such as market demand, competition, and business strategy.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
An online mobile, DTH recharge, and utility bill payment business can be a profitable venture, given the increasing reliance on digital transactions. Profitability depends on factors such as market demand, competition, pricing strategy, and operational efficiency. It is advisable to conduct thorough market research and financial analysis to estimate potential profits in your specific target market.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
more_vert
Yes, it's a good business to start because, despite the popularity of mobile wallets, a kiosk-based model is still needed so that these things can be done quickly. You could need to do the foundation and begin this at neighborhoods or a bunch area, where you have numerous footfalls. As of now, the commission rates per exchange is very low around .5-3% and bringing in cash simply by depending on versatile/DTH re-energizes isn't savvier choice.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
Whenever you have a question in your mind, just drop it on Answeree. Help our community grow.
...