Here i am going to introduce another business model that is Make mobile recharge web portal or mobile application and get healthy commission on every recharge.
There are many big fishes like pytm, freecharge …etc in this business but they are directly focused on customers
Here i am going to introduce a model of bussiness is for retailers and distributors.
There are many mobile recharge api providers are grown up now a days like jolo, cloudfinch, ezypay …etc
Research on it and choose the best api provider from the list.
For whom they do not know what is an API
(a set of functions and procedures that allow the creation of applications which access the features or data of an operating system, application, or other service.
When you use an application on your mobile phone, the application connects to the Internet and sends data to a server. The server then retrieves that data, interprets it, performs the necessary actions and sends it back to your phone. The application then interprets that data and presents you with the information you wanted in a readable way. This is what an API is – all of this happens via API.)
If you know programing languages you can integrate this APIs and make a web portal to facilitate your customers to get recharged online or hire a developer to do it for you.
Below is the process of Mobile Recharge API Integrations
1.You should have a legal entity to start the business in India with GST Number.
2.Prepare legal documents. (Consult with CA)
3.Book Domain > Purchase Hosting
5.Train your staff.
6.Digital Marketing of your website or App
7.Integrate API code and limit your amount in your account then trained your staff and get the instant commission on every recharge of customer mobile, data card, DTH or bill payments.
Also you can integrate below listed apis and make your apps more useful to your customers and have more earnings.
1. Mobile Recharge
2. DTH Recharge
3. USB Data Card Recharge
4. Bill Payments (Include all Indian mobile networks)
5. Bus Booking
6. Hotel Booking
7. Air Ticket Booking
You can launch more then one platforms for distributors and retailers and one for your own for the fix rate of commissions.