Wednesday, April 30, 2008

business among student - prepaid card

as a student (still), i can see a lot of typical business that the student will do in the college or during study such as:
  1. prepaid
  2. mlm such as luxor and others (including the one near klcc :) )
  3. cloth, jersey,f1 shirt
  4. others..
today i would like to share with all of you on the prepaid card business...there are two method to do this business...which are through:
  1. sms
  2. physical card
sms

when i am using this method, i registered with rajaprepaid.com..the nearest competitor of rajaprepaid at time is mymode..this also a multilevel marketing (mlm) company...one of the problem when using this method are :
  1. sometimes the pin have problem due to the negligence of the consumer....but..i have to call the customer service to ask for the serial number of the prepaid number..
  2. sometimes i have to wait quite long to receive the pin number
  3. the profit margin is too small...for rm10 is below than rm0.50..
  4. there are other cost for me such as the sms cost to ask and receive the pin number..
  5. it is quite difficult to keep the record and to give the customer the pin number
physical card

because of the above problem..i change my approach and start to sell the physical card..i buy the cards from the ordinary shop for rm10 and sell it for rm11..and its work !!! i just use the sms method just for a backup..i can see people from the far block coming to my room to buy the prepaid...all my roomates also did not feel uncomfortable although there are customers coming to our room because they have the convinience to buy top up card from me :) ....

one of my competitive advantage compared to the other prepaid card seller in the college at that time is i guaranteed all the buyer that i always have the prepaid card stock..100% guarantee !!!.. i have state it clearly in the poster that i paste...this is because..at that time..most of the seller is not consistent with their stock and there are some of them face the problem in the sms duration to get the pin number..

so..i dont have all their problem...and people are more prefer to direct come to me instead go and try to ask from the others..to ensure my cashflow is strong..i borrow fund from my "sibling fund" called as "dana gombak"....

in the next post i will tell you the story about dana gombak okey..

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