Making money online is now a norm in Nigeria. The rising inflation has created a need for a diversified income stream, and gift card trading is a sure way to increase one’s finances.
With the online revolution, we have seen many people going from broke and dependent to millionaires. In just a year, simply because of gift card trading.
But how can one make money online from gift card trading?
- Find a trusted trading platform.
The first step to making money with gift card trading is to find a reliable and trusted platform that allows you to trade gift cards.
A good number of gift card trading platforms exist in Africa. However, one that has delivered consistent service is Cardtonic. A trading company based In Nigeria and Ghana. It is essential to do your research before choosing a platform.
- Start listing your gift card.
Once you have found a platform you like, the next step is listing your gift cards for sale.
You will need to provide information about the gift card, including the retailer, denomination, and expiration date. You will also need to provide a photo of the gift card.
When listing your gift card, you will need to set a fair and competitive price if the platform does not already provide this.
It is also intelligent to compare the pricing on different platforms to know which works best for you. You can also set a low price if you want to sell the gift card quickly.
Once your gift card is listed, it will be available for purchase by the platform or users. You will receive payment for the gift card once it is sold. You can choose to be paid in cash or with another gift card.
Another question arises…
How do you get these gift cards at an affordable rate?
There are two ways to access gift cards.
1. Find discounted gift cards
You could use open marketplaces like Facebook Market, eBay, or others to source for merchants selling them at significantly low rates. Discounted gift cards allow you to trade the gift cards at a marked-up rate to make profits with the difference.
Usually, these markets have people willing to sell their gift cards at a meagre rate. The availability of discounted gift cards creates a business opportunity for you to buy and trade them.
When you buy a discounted gift card, you must ensure that it is still valid and can be used. You can check the balance of a gift card by going to the retailer’s website or calling customer service.
Once you have verified that the gift card is still valid, you can list it for sale on a gift card trading platform like Cardtonic. You will either get a deal or, on other platforms, be able to set a higher price than what you paid for the gift card. Just make sure it is still competitive with other similar gift cards on the platform.
2. Engage in tasks and sweepstakes
The second way is to engage in online challenges, stakes, and other campaigns where brands allow you to win free gift cards. Tasks and sweepstakes are more affordable but may be challenging to keep as a consistent source of gift cards. It is, however, worth it if you are starting and have no capital.
In all of these, it is essential to remember that, like any other online business, you’ll need to put effort and time into making it successful. Research different platforms and the gift cards they accept, and be competitive with your pricing. Also, keep an eye on the card’s expiration date and balances before buying or selling them.
Conclusion:
Gift card trading can be a great way to make money online, but it takes time and effort to be successful and make big bucks. By finding the right platform and pricing your gift cards competitively, you can turn your unwanted gift cards into cash or other gift cards that you can use.
Making money from gift card trading is easier on Cardtonic. The pricing is already set to a very reasonable rate for you, the seller.
It has multiple benefits and allows all its first-time traders to experience a seamless trading and money-making experience.
