How to start prepaid reseller or dealership business?

by Deepa Dhingra seo expert

With ever-expanding demand for mobile phones and the wide variety of text plans, and calling data, a prepaid reseller business, for sure, can be lucrative. An entrepreneur who chooses to invest in this sector can be assured of reaping high returns. You can open a franchise, open an independent location or even set up a website. This is one of the best ways to invest in a cellular phone business. In last few years, the demand for reseller phones has increased like never before. And, this has eventually proved to be a blessing for many entrepreneurs and aspiring individuals who want to start their own business.

Irrespective of the fact whether you want to start reseller business or opt for a mobile dealership program, there are a few common factors to both these categories. Read on to find out about them.

Find out about the inventory costs

This, perhaps, is the first step among those who are looking forward to start cellular phone business. Spare out time and contact several mobile phone carriers to find out about inventory pricing. Ask the carriers to mail the package and other necessary details along with all offered mobile phones and schedule of bulk and individual pricing.

Where will you get financing from?

If you have an accountant then ask him to work out a business plan for you or else you can buy a business plan writing software like Plan Ware or Business Plan. You can now use this business plan to apply for a small business loan. You can find out about the lenders of such loans by simply running an online search. Most lenders would ask you to either make a down payment or arrange for borrower collateral.

Look for a retail space

If you choose to open a store then this is an equally important thing to do. Lease a kiosk or find a retail space, the decision is entirely yours. Remember your space should have enough area for display inventory, new inventory and a point of sale system.

Apply for a resale or business license

To do so, you are required to visit the business licensing department of your city or the website of the business licensing agency. By browsing through the website, you will get to know whether you have to apply for prepaid cell phone business or not. Request or download the applications, complete them with all necessary details and submit online or return to the license issuing department or agency.

Assurance is important

You can do so by contacting a local insurance and brokerage and find out about retail or commercial insurance products and the type or level of coverage a prepaid cell phone business would require.

As and when you choose to opt for prepaid dealership program, you will get to know about the benefits associated with it and how you can expand it to reach the top. The best way to find out complete information about prepaid reseller and dealership program is by visiting PCC Wireless Communications, the one-stop destination from where you can explore about cellular phones business and opportunities.