Phone Credit Sales
All you need to know to start your business
Let's face facts!
1. Times are getting harder and a one-job existence just can’t quite cut it anymore. You need to supplement your income.
2. More & more people are using their cell phones and disconnecting their landlines.
3. An increasing number of people need to buy credit for their cell phones.
Traditional physical cards are a headache!
Here’s the stress:
Your client scratched out a number
Your client enters the number and sees “invalid number”
You lost your cards
Check out Topup:
No risk of damaged cards
No invalid card numbers
No risk of losing cards
No need to lug around multiple cards
Sell both LIME/FLOW & Digicel from the same phone
Sell FLOW and Digicel vouchers
Sell any amount the customer wants-from 40 credits up
Sell LIME/FLOW prepaid landline credit
What could be easier? You place an order, pay for it then credit is sent to your customer’s phone. It’s convenient, easy and fun. Plus, you can make serious money. Sell phone-to-phone credit from anywhere, anytime … your business is where you are.
Who Can Do This?
Whether you have a small shop or stall, a supermarket, a pharmacy, or just looking for a side hustle to increase your monthly income, why not sell phone credit? All you need is a cell phone!
Phone Credit Sales is not only a real Jamaican business, it is also very lucrative and free to sign up. Along with your phone, you will also need to have a valid TRN, email address and be 18 years or older. Available in Jamaica ONLY.
PLEASE DO NOT SIGNUP WITH AN EMAIL ADDRESS OR PHONE NUMBER YOU SHARE WITH ANYONE.
THIS IS OUR PROPOSAL FOR YOUR BUSINESS
OPEN A PHONE ACCOUNT
Add as little as $500 to start your business
START SELLING PHONE CREDIT
Sell credit using your phone, tablet or computer
REAP PROFIT AND REWARDS
Collect retail profit and cash back commissions
How Does It Work?
After signing up, you will be using your cell phone to sell phone-to-phone credit (direct top-up) and electronic vouchers digitally via free text messages.
THIS IS HOW IT WORKS:
-When you send a text message to your gateway to top up a phone, cash is withdrawn from your phone account to pay Lime or Digicel for the requested amount of credit.
-Lime or Digicel then sends credit to the phone # in your text message, advising the recipient that they have just received X amount of credit; provide a reference # and advised what their new credit balance is.
-You the seller will also receive a text message from your gateway stating that the credit was sent to the particular #, stating reference # and the remaining cash balance on your phone account.
You also have the option to use your tablet or computer as your point of sale to sell credit.
NB. When you add funds to your phone account, it is actual cash that is on your account, NOT credit. The money in your phone account is yours to do business with. You will be selling credit from the cash on your phone account. Please note that this business does NOT transfer credit, it is a sales transaction.
When selling credit to a customer, you are expected to add your mark-up to the product. The markup is the difference between the cost price (the price you paid for the credit) and the selling price (the price you resell to your customers). This retail profit is yours to keep. You are responsible for setting your sales price, funding and managing your account as an independent business owner.
NB. You will be selling both Lime/Flow and Digicel credit from one device, whether you have a Lime/Flow phone or a Digicel phone.
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COOLBIZ PHONE CREDIT SALES
Now let's take a look at the options for opening a Coolbiz account. Reminder, opening a Coolbiz account requires that you must have a Lime or Digicel prepaid cell phone.
Join COOLBIZ and get into the phone credit sales business by using their platform to operate your business from your Lime OR Digicel phone using SMS text messages, or via internet access using your computer or tablet. There are two types of accounts to choose from - a Distributor or Retail account.
COOLBIZ DISTRIBUTOR ACCOUNT
DISTRIBUTORS - Coolbiz Rewards You
The PV determines what % commission Distributors earn and there are 5 ways to earn: Retail Profit, Performance Bonus, Retail Roll, Active Incentive Bonus and Eagle Bonus. You earn Retail Profit on the credit you sell.
A Coolbiz Distributer buys Digicel & Lime credit at $125/100 and earns a fraction of a point for each 100 credit sales. 0.06 points (PV) and 0.21 (BV) for Lime and 0.05 points (PV) and 0.12 (BV) for Digicel. You determine the Retail Profit.
NB. THESE FIGURES ARE CURRENT AT MARCH 2, 2018 AND MAY VARY FROM TIME TO TIME.
By yourself, you start earning a Performance Bonus when you have reached 8PV/1500BV. If you sponsor retailers into your business, you can earn daily cash on Retail Roll from their sales.
Achieving 8PV/1500BV will also activate the Active Incentive Bonus. If you have a network of persons then you and your team all share the Active Incentive Bonus based on the personal performance of your network and the number of active persons on the team. When you and your 6 persons are earning 8PV/1500BV then you will earn your first Eagle Bonus.
In this business, you earn by building a team. I am talking about a team of Distributors NOT Retailers. It is not possible to earn a significant income on your own with just airtime sales. The Active Incentive Bonus level is a cash bonus for your network based on your network's total personal volume. Click to see The New Active Incentive Bonus Model.
COOLBIZ RETAILER ACCOUNT
Retail accounts do not earn commission or participate in the networking compensation plan. As a retailer, you are only able to sell phone credit and benefit from your retail profit.
Coolbiz Retailers buy Digicel credit at $121.67/100 credit and Lime credit at $121.25/100.
There is no point value attached to a Coolbiz Retailer account.
If you are a Retailer and would like to switch your account over to a Distributor account, follow the steps below:
CREATE A NEW TEXT MESSAGE AND TYPE :
HELP(SPACE)PLEASE(SPACE)CHANGE(SPACE)MY(SPACE) ACCOUNT(SPACE)FROM(SPACE)RETAIL(SPACE)TO(SPACE)DISTRIBUTOR
EG: HELP PLEASE CHANGE MY ACCOUNT FROM RETAIL TO DISTRIBUTOR
SEND MESSAGE TO YOUR GATEWAY NUMBER
Which Type Of Coolbiz Account Should I Choose?
Join Coolbiz as a Retail account if you are mostly interested in selling credit or getting cheaper credit.
Join Coolbiz as a Distributor if you wish to build a network and earn commissions and bonuses.
CONFUSED?
Which is the best account to sign-up with for selling phone credit?
It all depends on what you would like to do.
Choose to signup with Coolbiz as a Distributor and earn retail profit and commissions networking.
Choose a Coolbiz Retail account if you are not interested in building a network and you wish to get the credit at a cheaper rate.
How Do I Find Customers?
-How do you put credit on your phone?
-Who is in your household?
-Who is your neighbour?
How Do I Increase My Sales?
Show off your uniqueness:
*What makes your phone credit sales business different? What do you offer that sets you apart from the rest? Show your customers what the difference means to them. Let them know with flyers, signs, etc.
Selling phone credit is an essential business. Everyone needs phone credit. Learn how to find more customers, increase your sales, get free flyers/stickers and run an efficient business on this page:
Join Team Proearn and learn to build your business with our training videos and documents:
[] Learn to calculate your prices.
[] Understand the 5 ways to earn commissions with Coolbiz.
[] Learn how to find persons to build your network.
[] Learn how to sign up interested persons.
and many miscellaneous tips and tricks to help you grow your phone credit sales business.
[] Participate in our FREE team build program and let us help you build your network.