Selling Prepaid Phone Cards – How Lucrative Is It?
A lot of individuals today wish they could start their own businesses. Selling prepaid phone cards would make a nice start to a viable business proposition. Getting into this business should be quite easy and could convert your dreams into reality. However, there is a very wide gap between truth and fiction. Your goals, whatever the may be, can only be achieved with meticulous planning.
As a home-based, online or standard entrepreneur, you will need to have a plan to avoid pitfalls, to achieve your goals, and to establish a profitable business venture. As a phone card seller, you need to create a viable business plan to avoid stumbling blocks, achieve your goals, and build a profitable home business, such as selling prepaid phone cards.
Find Out What Services Your Distributor Would Offer
Before you start selling, it’s important to inquire from your service provider if they provide customizable business management, or web-based platforms to the wholesale agents, where you could:
– Set your own rates for their customers.
– Create different rate plans with different billing increments (rounding to seconds, 30 seconds, 1 minute etc.), impose connection and disconnection charges, monthly fees and other parameters. Check if billing can be done in a local currency.
– Credit and charge amounts to/from accounts
– Configure postpaid or prepaid billing types for the customers
– View the billing and errors for each account
– Configure speed dial numbers or services for the customers
– Generate pin codes for calling cards
The Mechanism Of Prepaid Phone Cards
Prospective retailers should have a wider grasp of the business they are going into. They should know that prepaid phone cards come in different dollar denominations, or face values, which are often between $5, $10 or $25 per card. They may also be packaged in minutes, such as 30, 60, or 90 minutes per card.
The cards available often charge different per-minute rates. Before you sell cards, ask your distributor the details about how many minutes of calling time in the cards. With some cards, when you buy more minutes, you get a better per-minute price. Instead of minutes, some operators indicate how many «units» are on the card.
A unit equals one minute calling time for calls placed within the continental United States. On calls from territories like Puerto Rico and Guam and to other countries, you may be charged more than one unit for every minute you are on the phone. Knowing these details helps in properly informing the buying public about the characteristics of prepaid call cards.
Phone Cards Use VoIP Technology
The main reason why phone cards are able offer very affordable rates to call local or overseas is because of the unique technology used. Service providers selling phone cards use a combination of VoIP (Voice over IP) and regular lines to get a fairly good balance between call quality and low prices. In addition, since the cards are pre-paid, which means you pay in advance for the specified talk time, other charges are reduced, like the ones for collection charges or debt retrieval.
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