Blog

August 26, 2010

How to make Money with m2m?

A quick one for those who are not aware – m2m is a soft phone service that operates under VOIP platform. The tariff regime is cost friendly and can be used anywhere in the world where there is internet connectivity. To get a feel of the tariff structure, check out the tariff below for high traffic destination for Nigerians:

Destination Tariff in Naira {154 Naira = 1 US Dollar}
M2M Starcomms Skype
US 3.23 12.00 3.23
UK 3.20 12.00 3.23
UK(Mobile) 20.00 30.00 38.96
China 3.23 16.50 3.23
Canada 3.00 12.00 3.23
India 3.80 16.50 14.16
Germany 3.60 3.23
Korea 4.20 25.00 3.23
Nigeria 15.00 50.00 39.12

To see an analysis of the table above, you may click HERE.

Now, let’s get to the juice of the matter – how can engaging in m2m service increase my income? We (the m2m team) have looked at two ways to do this without complexities;

  1. Sole Distributor
  2. Freelance Distributor

Let’s look at how easy and simple it is to make money with sole distributorship; the features include:-

  • All partners get a free reseller website for tracking their clients calls, configuring client profile, etc
  • All partners get 60% of the accrued profit of their client which will be predefined.
  • All partners have territorial sole distributorship right
  • All partners pay a one-time bulk payment of fifty thousand Naira (N50, 000)
  • All partners get 100% of the recommended monthly rental
  • All partners will enjoy a monthly meeting in exclusive restaurants with their country manager
  • Mentoring and Training Opportunities are available to all partners.

Those who are eligible include but are not limited to:

  1. Cybercafé Owners
  2. Business Center Owners
  3. Call Center Owners
  4. IT firms
  5. Training Companies
  6. Entrepreneurs who can demonstrate potential strong client base

Let’s use a Cybercafé owner (Tunde) as a case study:

Tunde contacts m2m team to show him specifically how he can increase his monthly income with m2m solution:

M2m Team: How many computers do you have in your cybercafé?

Tunde: We have a total of 15 working computers with one server

M2m Team: You can install the m2m Soft Client Phone on your entire PC

Tunde: How do I get the m2m Soft Client Phone?

M2m Team: The m2m Soft Phone is Free and can be downloaded from the m2m web site (www.mobile2mobile.biz/downloads). You can also download the PDF copy of the m2m Soft Phone Manual for free at the same spot. The Manual will teach you all you need to know concerning the m2m Soft Phone.

Tunde: So how do I get connected to the network?

M2M Team:  You simply credit our company account [Access Bank 0840010000164 Poet Solvers Ltd] with a minimum of 50 Thousand Naira and send the teller number to [me at dipotepede dot org]. You will receive a customized site, a username and password. The username and password will be used to login to the m2m Soft Phone and customized site. You will get a 10 Thousand Naira credit to make your calls with the m2m Soft Phone. Any amount paid above N50, 000 will be added to the 10, 000 Naira credit which was initially giving to you.

Tunde: Now, I am set up and ready to go; how do I make money?

M2m team:  From your customized site, you can see all the A-Z Destination rates you will be billed, since you have a reseller right; you can mark-up all your calls by whatever percentage you choose. For example we charge you N3.00 to Canada; you can decide to mark it up by 66.67% making it N5.00 to your customers. So you make N2.00 for every minute your client calls through you. Charging your client N5.00 per minute will increase traffic to your cybercafé which will increase the turnover. Check the analysis below for 1 month traffic for just Canada Destination:

Time (Min) Profit per min Gross Profit
10, 000 N2.00 N20, 000
10, 000 N0.60 N 6, 000
TOTAL N26, 000

The 60Kobo per minute (60% of our profit) is a privilege you get for being a Sole Distributor so you make N26, 000 on just one destination (Canada) – just imagine other destinations. Imagine you have 10 loyal customers who sign up with you for personalized service and you are offering them with the same rate we offer you and you bill them N500 rental charge per month; you are making an additional N5, 000 per month.

Now, take a break! This will not happen immediately; this should be like 3 months into the business with huge advertising campaign letting almost everyone in your neighborhood know you make international calls at N5.00.

Conservatively, if you have 5 of the high traffic destination in table 1 above, making 10, 000 minutes per month and knowing that the least amount profit you can make is with Canada (assume using the 66.67% increase factor), you will make more than;

  • N26, 000 * 5 = N130, 000 + N5, 000 (rental fee) = N135, 000 per month.

With over 450 Destinations and we chose only 5 to be a consistent high traffic, you are sure of making conservatively more than N150, 000 per month with an initial investment of N40, 000.

This is for Sole Distributors, I will deal with Freelance Distributor soon, if you want to know the benefit of Freelance, you can click HERE to see and do your calculations yourself before I bring mine to you. To join the m2m Distributorship team, kindly click HERE to contact us and get our contractual agreement form.

Have a lovely day!

Infotainment Review
About Dipo Tepede

I am a Project Management coach. I specialize in making delegates pass any Project Management certification at first try. I successfully achieve this fit through practical application of the knowledge and integration of our Project Management eLearning school at www.pmtutor.org. Welcome to my world.....