Ran extra source of income by venturing into a mini importation business in Nigeria, but have a little or no experience to start up?
If so, this article is meant for you.
It contains a step-by-step guide on how to start a mini importation business in Nigeria and succeed.
In addition to knowing how to import goods from China or other countries, there’re so many things you need to know about the business.
So, this guide contains important facts which you need to know about mini importation.
In the course of having a profitable mini importation business in Nigeria, I want to walk you through the secrets of the business.
This is a kind of business in which you buy goods from abroad in wholesale prices and the supplier will ship to your doorsteps in Nigeria.
In a situation where you do business with someone you don’t know, most especially when the transaction is taking place in your room, it’s natural to be wary of not letting your money get into the wrong hands.
For this reason, you’ll also learn how to detect and avoid online scammers in this post.
I will show you how to sell your imported goods seamlessly within a few days after delivery.
To make it simple for you, I divided this article into five main categories which include:
1: How to choose profitable products to import from China to Nigeria?
2: How to register your business (optional)?
3: How to order your products from China?
4: How to get your goods delivered to you in Nigeria?
5: How to market your imported products and make a huge profit?
But before going into details, let’s critically look at what is understood by mini importation, how does it work and what are the simple materials you need to start up the business in Nigeria?
This will guide you against any exaggeration you might have heard earlier about the business.
TABLE OF CONTENT
Mini importation is an advanced form of a small scale business, in which you can import goods from China (or other countries) to Nigeria.
It’s such a business that can bring you out of the pit of poverty and make you a fortune in a few days.
According to SmallStarter,
Most international manufacturers or suppliers might not accept your order if it’s not up to their minimum order quantity (MOQ).
Although, the MOQ can be different as there are various suppliers.
If you want to get your goods at a wholesale price, what matter is ordering for as much quantity as possible.
As a retailer, your profit comes when you buy an item at a cheap price and sell at a high price.
For this reason, mini importation doesn’t require big importers standing in between you and the manufacturers.
Otherwise, you’ll spend more to get the goods as the agents also want to make their own profit from the sales.
Consequently, that will make it difficult for you to make a reasonable profit.
If you’re not buying directly from the manufacturer and thinking of hiking the price so you can make enough profit, the consumers won’t buy from you.
With the recent advancement in technology, a mini importation business doesn’t require too much MOQ again.
Hence, the role of the big importers or mini importation agents is no longer necessary.
This is one of the mini importation business secrets you needed to know.
Once you know how to import goods from China to Nigeria, you can do your business from the corners of your room without experiencing any resistance from the big importers.
As it is now, you have the opportunity to buy a product at a very low wholesale price and sell at a higher price.
By so doing, you can make a lot of profit from doing a mini importation business in Nigeria.
You also need to know how much the goods you want to import are being sold in Nigeria before placing your order.
Once you compare the prices, it would be easier for you to determine your profit margin and approach the best suppliers.
You don’t need to worry about how to find a supplier and how the goods will be shipped to you.
As long as you have access to the internet, the technology will take care of all your concerns.
The suppliers will take care of the shipping and clearing responsibilities and deliver whatever quantity of goods you buy to your doorstep.
As a result of this, starting a mini importation business in Nigeria doesn’t incur a huge capital.
With a small investment capital, you can start importing goods from China to Nigeria and make a lot of profit.
Meanwhile, mini importation gives you the chance to buy goods directly from foreign suppliers and resell locally at a higher price.
That calls for the need to show you all that is required to start a mini importation business in Nigeria.
To start a mini importation business in Nigeria and succeed, the following are the basic tools you need:
1: A smartphone or computer.
2: A valid email address.
3: A standard internet connection.
4: A valid ATM card (preferably Mastercard or Visacard).
5: Easily accessible physical address.
6: A minimum of ₦10,000 startup capital in your bank account.
Once you have all the resources ready, the next thing is to know how to put them into use and start importing goods from China.
To start importing goods from China at low wholesale prices and sell at much higher prices in Nigeria takes the following steps:
The very first step involved in starting a mini importation business in Nigeria is to have an idea of what profitable products to import from China and sell in Nigeria.
You may skip this step and move on to the next if you already have a product in mind.
Without wasting your time, this part is to show you how to find the most profitable items to import from China.
One of the possible ways of identifying profitable products is their demand and selling rates in the market.
In this regard, you must be able to know:
Having a clue on the products that is mostly imported from China to Nigeria will give you a clue on what products to select.
As an entrepreneur, you must be ready to learn from other entrepreneurs and get the best information you need.
If you really want to make out a great deal of profit while being a mini importation business tycoon, you should have sincere answers to those questions.
In view of this, I have made some findings which will give you insights into the best and fast-selling products you can import from China
These product categories include:
https://wa.me/+234**********2758.com
This site was designed with Websites.co.in - Website Builder
We appreciate you contacting us. Our support will get back in touch with you soon!
Have a great day!
Please note that your query will be processed only if we find it relevant. Rest all requests will be ignored. If you need help with the website, please login to your dashboard and connect to support