E-Loading Business

BUSINESS PLAN

Executive Summary

Since, the mobile industry in the Philippines is a huge communication business wherein, most likely, ten out of ten people have their own cell phones and cannot live without, because it is believed to be already a necessity rather than luxury, then I would presume that the e-load retailing business is also a good source of income opportunity, while you are at the comfort of your own home. The networks here in the Philippines are smart, talk n text, globe, touch mobile and suncellular.

In view of the fact that our country is called the text messaging capital of the world because of the large amount of text messages the mobile users sent everyday to their friends, loved ones, or text mates that you would see a lot of people communicating via texting using their cell phones in the streets, inside public or private vehicles, malls, markets, offices, or even in schools, where growth in the volume of this network subscription is at a fast paced level and unstoppable, then we must not overlook or fail to notice this popular kind of business that provides more than 10% profit for every load transactions. 

If your house is located in the mid area of a subdivision or in a community with plenty of neighboring residents and not much loading business competitions around you, then you can be assured of the e-load retail business is a success.

Now after you have scouted your competitors and found out to be only few of them are selling prepaid e-loads, you may start creating your own strong e-loading business plan. Please note that most business gurus are saying that if there is no business plan, there would also be no business. Meaning, starting a business without a business plan will, most likely, tend to fail. The business plan is a general description of your business where you can monitor or check its progress and development. This is important because it will be your map to success in business. 

Business Description

It takes money to have fun in senior high school, and it’s no secret that tuition and costs go up every year. But with classes scattered throughout the day and even at night, how can I add a job? That’s I decided to start my own business to fit my limited time. As a student I have limited resources so I did some research on what do people need or want? I want to provide something that is cheaper but useful in daily lives.

Products and Services

My main product obviously is e-load this is the load for telecom companies like Globe, Smart, Sun, Talk ‘N Text, and Touch Mobile.

We also sell e-pins this is similar to e-load but uses a card number and PIN number which are keyed in to reload your device or account. It is dispensed as a text message. Examples of this load product are Call Cards, Prepaid Internet Cards, and Online Gaming Cards.

Marketing Plan

I will advertise my business via social media channels such as Twitter and Facebook. Send out a text blast to all my friends that I now own an e-loading business.  I could also put signage in front of our house to seek attention for potential customers.  

Operational Plan

What method of e-loading should I choose for my retail business? 
Logically, each retailer SIM card from one telecom network would require one smartphone (unless the retailer uses a dual-SIM phone). Thus, to sell prepaid loads for Globe, Smart, and Sun Cellular users, the retailer has to make sure each retailer SIM card will be in use. 

But since I choose the All-in-One SIM card, I just need one mobile phone to sell prepaid loads to users of all three major telecom networks. However, there is a special code to be used before finalizing every transaction (for security purposes). 

Another advantage of the All-in-One SIM card is that its service extends beyond e-load for cellular network users. All-in-One SIM Cards can also re-load pre-paid cable subscriptions, Internet cards, and eCredits. 

How do I earn through this business?

As an e-load retailer, I can get my earnings through commission. The percent commission per Telecom Company ranges from 3% to 13%.  I will earn my commission as the amount diminished from your eWallet/eMoney account is less than what the customer pays for, depending again on the percent commission. (To illustrate, a prepaid load worth P30 may deduct about P27 from the load wallet. Thus, a P3 profit is generated from that transaction. The rate of commission, as mentioned, may vary per telecom firm).