Where and How to Sell Gift Cards in Nigeria

Gift cards are a product whose sales are expected to grow enormously in Nigeria in the coming years. According to Businesswire.com, by the end of the year 2023, the value of the gift card market in Nigeria was about 1.8 billion USD. That number is expected to reach over 3.0 billion USD by 2028. Such an increase equals to a Compound Annual Growth Rate of about 10.2% over the course of four years.

You must surely realize the importance of gift cards in Nigeria now. People in Nigeria may face difficulties related to payment methods due to why they prefer to use gift cards. You can fulfill the demands of the people by becoming a gift card seller yourself.

There is surely a lot of money to be made by selling gift cards in Nigeria which is why we will tell you everything you need to know about how to sell gift cards in Nigeria in the most efficient and profitable way.

The Rise of Gift Card Selling in Nigeria

As discussed before, the gift card market in Nigeria is expanding very rapidly. Due to this, more people are joining gift card selling businesses in Nigeria. Related to the fact that the market is expanding very fast, there is an opportunity to take advantage of this and earn some extra income in a very convenient way.

Why join a gift card selling business?

A gift card business is not only very profitable but also very easy to run. Gift cards are very flexible and can be used for a variety of purposes and they are also very accessible. Flexibility and accessibility are the two main reasons people prefer to use gift cards for online transactions. You can use these benefits of gift cards to your advantage by running your own gift card business to fulfill the demands of the people.

Options for Selling Gift Cards in Nigeria

Local Buyers

There are two ways you can run a gift card business. You can either run a local business or online business. If you choose to run a local business, you’ll have to set up your own store and stock up on gift cards. Local buyers will then visit your store to buy gift cards. The advantages of running a local business is that you are fully responsible for your own business and are not bound by online business rules and regulations. You can work on your own terms. You also get to keep 100% of the money you make and you won’t have to pay anyone anything extra. The disadvantage of running a local business is that your business is limited to only the people around you. It is much harder to reach potential buyers when running a local business compared to running an online business.

Online Marketplaces

The second way to run a gift card selling business is through an online marketplace. Generally, an online marketplace is a website that allows anyone to use their platform to become a seller and host their products. You can sell your products to anyone that visits the website and contacts you. The advantages of online marketplaces include being able to set up your business almost instantly without any investment into anything other than the products you want to sell. You can also manage an online business from the comfort of your home which makes it very convenient.

Popular online marketplaces include BuySellVouchers.com, Kinguin.net, and G2A.com. Choosing BuySellVouchers over other marketplaces could be the best choice from the point of view of fees. They charge only 1% from sales. BuySellVouchers has over thousands of different online sellers on the platform who sell gift cards for all kinds of brands. BuySellVouchers has been in business for years and has built a credible reputation over the 10+ years among its users. The user interface of the platform is very user-friendly and the platform has recently launched a new seller reputation system for its sellers to recognize their experience selling on the platform. Another advantage is that you can sell gift cards for almost all popular platforms in the world on BuySellVouchers. As you rack up on successful orders, your seller level will increase too which comes with its own benefits.

Why Choose Buysellvouchers for Selling Gift Cards

Global Reach

BuySellVouchers made its debut in 2012 and even after 12 years, it’s still going strong. BuySellVouchers has been serving numerous people from different countries for years which allows buyers and sellers to connect with people from different regions. Sellers can establish a business on BuySellVouchers and sell to any person no matter where they are located in the world.

Secure Transactions

BuySellVouchers employs numerous security features to protect the account and transactions of its sellers and buyers. BuySellVouchers allows sellers to use Two-Factor Authentication (2FA), Additional security Email code, IP login history and IP filtration features to prevent unauthorized access to accounts of its users and ensure transactions are secure.

Competitive Pricing

BuySellVouchers provides possibly the best rates available on the market. BuySellVouchers charges only a 1% fee on all orders. This means that in order to achieve the maximum profit from selling gift cards, BuySellVouchers should be your go-to place

How to Sell Gift Cards on Buysellvouchers

Step-by-Step Guide:

Registration and account setup process for sellers

To create an account on BuySellVouchers, click on the Register button at the top.

After that, you can either Sign Up using your existing Google account or alternatively create your own unique BuySellVouchers account by entering a valid email address, a username and password.

After you input your details and click on the Sign Up button, you will then be asked to verify your email by clicking on the link you just received in your email address. Do that and you’re all good to go.

Listing a product for sale on BuySellVouchers

To start selling on BuySellVouchers gift card marketplace, follow these steps:

Click on Account Preferences from your profile.
Go to the Profile tab.
Click on the Start Selling button.
Complete the verification and then go to the My Products tab.
Click on My Products.
Select Add New Product.
Search for the product you want to sell.
Enter the value of the product.
Choose the currency that the gift card can be redeemed for.
Enter the Price.
You can also add a Bonus Percent which is optional.
Enter the name of the product.
Write a description of the product.
Upload an image of the product.
Choose what payment methods you accept.
Click on Next.
Select the way to share the gift card code.
Enter the Product Code.
Enter an optional description if you want.
Click on Save.

Your product has now been successfully listed for sale on BuySellVouchers!

Payment Options

All available payment methods can be found under the financial section. This section is available to the user after login. The platform offers various currencies for deposit and withdrawal. In addition to the existing methods, as a buyer, you can also use Maya and GrabPay when buying products in the Buysellvouchers official store.

Tips for Maximizing Earnings from Gift Card Sales

Choose the Right Platform

If you want to establish an online marketplace, choose the platform that you see is the most fair to the sellers. An ideal platform should not charge their sellers much and ensure that sellers remain satisfied while working on their platform.

Price Strategically

Setting up a reasonable price is the most tricky part for any new seller. To determine what the best price for your product would be, you need to determine your budget and an average buyer’s budget. You must know how low you can set a price while also gaining a nice profit. Research the prices among other sellers that are selling the same product as you and determine the price that you think is right.

Stay Informed:

To list your gift cards for sale, you also have to consider the right time and trends. Gift cards are most commonly bought during holidays by people for themselves as well as their family and friends. If there is such an event in the coming days, then there would be no better time to list your gift cards for sale.

Conclusion

By reading this article, you will now have an approximate idea on how to start a gift card selling business from Nigeria. Remember to choose the right platform, price strategically and stay informed about the trends and demands of the people and you will have no problem in growing your gift card business more and more.

After reading everything stated thus far, you should understand that starting a gift card business is one of the options if you want to work from home. The gift card market is expected to grow in Nigeria in the coming years so you should set up your business now on platforms like BuySellvouchers, Kinguin, or G2A if you want to join the party.