Starting an Eloading Business in the Philippines in 2024
Published: Nov 13, 2024
Imagine having a business that doesn’t need a fancy office space or a massive, upfront investment. Instead, you just need a mobile app, and you are ready to go!
Starting a business that offers eloading services is a great opportunity in today's economy. It's accessible and affordable, which means it doesn't require a lot of money to start.
It’s an open door for about anyone: students, sari-sari store owners, stay-at-home parents, or any employee looking to make money on the side. Not only is it cost-effective, but it’s also easy to start.
The best part about it all is you can run this venture right from the comfort of your own home.
What is Eloading?
Eloading or electronic loading is a fancy term for topping up prepaid mobile phones with credits.
It’s also a low-cost and straightforward way to earn some extra cash.
As a business, it involves purchasing prepaid cellphone loads from Smart or Globe. It can also be done through a third-party distributor like Load Central, Coins.ph, and Peddlr. You can then sell this load to customers at a profit.
Is Eloading Business Profitable in 2024?
The answer is yes.
The demand for mobile services continues to rise. People are now more reliant on prepaid mobile credits for internet access, communication, and gaming. This makes eloading services important in the daily lives of Filipinos.
However, the amount of profit you can earn will depend on various factors. One of the most important things to consider is your location. If you're in an area where there are many people who use mobile app, and there aren't many eloading businesses, then you can expect to earn a lot of money.
How to Start Your ELoading Business in the Philippines
1. Research Your Market
Before you start your eloading business, take the time to understand your target market.
Who are your potential customers?
What are their mobile app network choices and preferences?
What are their typical spending habits when it comes to phone credits?
Performing thorough market research will help you tailor your services to meet the specific needs of your customer.
2. Choose Your Approach
There are two main methods to selling eload:
- Single-network sellers - if you want to exclusively sell load for a specific mobile network or telecommunications provider.
- Multi-network sellers - if you want to sell load for multiple mobile app network operators or telecommunications providers. You can use a third-party seller that provide loads for different networks like Coins.ph, LoadCentral, PayMaya, Peddlr, and more.
Choosing the right approach depends on your customer. If your target customers use different networks, it's better to sell load from multi-network sellers. If you'll mostly sell to Globe subscribers, for instance, being a single-network seller is ideal.
3. Become an Accredited Retailer
To officially start your business, you’ll need to apply for accreditation.
To do this, contact the telecom company you plan to work with and ask about their requirements. Usually, you’ll need to fill out an application form and submit necessary documentation. This includes IDs or proof of billing.
Apart from the retailer SIM card, you’ll also need an initial load balance of at least 1,000.
The telecom company will offer you a local load distributor’s contact details to buy the SIM and reload your wallet.
Upon approval, you’ll receive a prepaid load reseller kit and agent code from the telecom firm, which includes everything you need to begin.
4. Market Your Eloading Business
Effective marketing is vital for attracting customers to your eloading business. Use and maximize both online and offline marketing strategies.
You can start sending text and chats to your friends and family about your eloading business.
Encourage them to share your business and share it with their networks, so that you will get more customers.
Don't forget to use social media to promote your business as well.
Consider distributing flyers in your community or create partnerships with local businesses in the area. You might also want to encourage satisfied customers to refer family and friends to your eloading business.
Useful Apps You Can Use for Your Eloading Business
The proper tools are necessary and might be costly, just as in any other type of business. The good news is that you may use a variety of free mobile system apps to improve your eloading business.
You may utilize Peddlr, Maya, Gcash, and Coins.ph. You may try loadcentral, loademy, and smartsari as well, but you'll have to pay for activation cost. You can use the eloading services provided by these system packages to get started right away. Unfortunately, SmartSari and Loadcentral announced last October 2024 that it would be closing operations already. Therefore, those eloading business using smartsari and loadcentral better look for the best if not better replacement.
You shouldn't have any trouble with this. Peddlr is a perfect replacement to loadcentral and smartsari as it is a free and better eload app that allows you to manage transactions, sell load, and track sales! This all-in-one mobile point-of-sale app is free and ideal for any Philippine e-loading business.
Other Services You Can Offer In Your Eloading Business.
Bills Payment Services
In addition to eloading, you might also want to consider offering bills payment services. This allows your customers to pay for their utility bills such as electricity, internet, and water through your service. It's an added convenience for them and can also generate extra income for your business.
With Peddlr free pos mobile system app, you can also offer bills payment services to your customers as part of your 2024 digital products roster. Aside from utility bills, it can also manage payments for insurance, credit cards, memorial plans and many more. To know more about Peddlr’s bills payment system, you may read this page: Sell Load & Pay Bills | Peddlr Philippines Inc.
Game Top Ups
As the gaming industry continues to thrive, providing game top-ups can be a good addition to your eloading business. Games often require in-game credits or items, especially online ones. By including this service, you can connect with a group of people who really love mobile games. This can help you attract more customers and grow your business. Many gaming pins are available for sale in Peddlr mobile system app such as Razer Gold, Bigo Live, Mobile Legends, Genshin Impact, Valorant, Roblox, and a lot more!
How to Register to Start Eloading?
Starting with e-loading is quick and simple! Follow these basic steps to start your e-loading business today:
- Download the App
Install the e-loading app on your mobile phone from your app store. Ensure it’s the official app for security and reliability. - Create an account
Sign up for the app using your mobile phone or email address. Please fill out all required areas, including your full name, middle name, and a strong password. Include your business name and address. Please do not be concerned if you do not have a physical store. You can experiment with different business names as you see fit. - Verify Your Account
Check your email or SMS for an OTP code and input it into the app to confirm your registration. - Fund Your Wallet
Add funds to your account through available payment methods like bank transfer, mobile wallets, or over-the-counter payments.
It is also advisable to activate Peddlr's own digital wallet, kankolek QRPH, to gain additional bonuses.
Read more about kankolek QRPh in this website, https://www.kankolek.com/. - Start Selling Load
Once your wallet is funded, you’re ready to offer load for all major networks to your customers.
With these steps, you’re all set to earn extra income from e-loading anytime, anywhere!
Wrapping It Up
Starting an eloading small business is an accessible and cost-effective path to business. The convenience of home eloading business makes it accessible to anyone looking to earn extra income.
Consider investing in integrated mobile POS system apps that can help you with your eloading business or try adding related services for added profits. By offering excellent service to your customer, you can make the most out of this opportunity and build a bright future for yourself and your small business.
What is Peddlr?
Peddlr is a POS mobile app for all small business owners – sari-sari stores, milk tea stands, coffee shops, Shopee and Lazada sellers and more. It's free to download, free to use, and works even without an internet connection. With Peddlr, you can easily manage and track your small business performance and inventory.
Here are some of the useful features that you can access through the Peddlr app:
FREE Point-of-sale system (POS) or a mobile cashier system
FREE Credit Reminder – send SMS to your customers for free to collect credit/debts easily
FREE Inventory Manager/Tracker - take control of your product inventory
Loading and Bills Payment Services – enjoy rebates and cashback