It is a fact that Africa is known for its rearing of animals, be it wild or domestic. Some people even say that Africa is the home to all animals, which is a very good thing. In the Sub-Saharan part of Africa, much livestock farming occurs, especially in countries...
How to Start Mini Importation Business in Nigeria
Potiskum Town, Where Everyone is Involved In Trailer Business
The trailer business surprisingly is a very profitable business to start. I never knew this was possible here in Nigeria considering bad roads, lack of spare parts for these trailers, and so on until I stumbled upon the Potiskum trailer business in Yobe state,...
Businesses to Start With 100k in Northern Nigeria
Every small-scale business starts up as a big idea and some with capital while others without capital. Starting a business with a budget of 100 thousand naira in Northern Nigeria is a very lucrative thing to do. With the current economic hiatus in the country, there...
10 Business Schools in Northern Nigeria
A business school is a tertiary-level institution that awards degrees in business administration or management. Business school is sometimes called the school of management, school of business management, or school of business administration. The Gen-Z and late...
Importation sounds like something that requires a considerable amount of money to start. In recent times, you do not need so much money to start a mini importation business as it is one you can start with 10k or less in Nigeria.
Have you been thinking of starting a small-scale importation business in Nigeria? This is for you and I’ll be your tour guide. I’ll be taking you through the steps and hows. But first…
How Does Mini Importation Business Work?
Importation is a long-standing industry that has a tremendous impact on the lives of people and the economy of the country. Mini importation business is a small-scale business that involves buying goods from abroad (mostly China or other countries) at a wholesale price (mostly in bulk) and selling in Nigeria with your profits added.
What Are the Basic Tools Needed to Start a Mini Importation Business?
These tools are things that you have access to, making it even easier to start up the mini importation business and start cashing out on time. They include:
A smartphone or personal computer
Good internet connection
A valid email address
A valid ATM card (visa or MasterCard)
An easily accessible residential or physical address
A minimum of 10k in your bank account.
How to Start a Small Importation Business
1. Decide on a Niche for Your Products
An importer should first know what they want to import, this is crucial. You can decide to import several things but deciding beforehand builds organization.
Several products can be decided on. You could even do more than one niche with a bulkier capital. This includes; clothes, accessories, gadgets, home appliances, shoes, furniture, etc.
2. Search for Products
If you have decided on the niche you want to delve into, you search for the kind of products you intend to sell. Where?
This is where your smartphone or pc comes in handy, while connected to a good internet connection, you can get access to online retail stores like Amazon, AliExpress, Alibaba, and so on, just make good use of your device in searching. The one who seeks finds.
3. Find a Supplier(s)
This is an essential step as one can easily get duped if connected to a fraudster. Also, making sure your products are quality as to do with the kind of supplier you are dealing with. So, watch.
How do you do this?
There is a section in online stores that shows reviews, ratings, and recommendations, watch this and make the best decision.
4. Buy Your Products
This is also one of the ways to start small importation business in Nigeria. After finding a quality supplier, connect with the supplier and buy your products. How?
The good news is, paying for your products is not as stressful as it used to be. Here is when your ATM card (visa or MasterCard) comes to play. The process is seamless and quite straightforward. Just ensure your bank account is funded with the amount of money you will be needing to get the products so it goes through. Doing this is your sure way of knowing your products will be shipped to you.
Now, you have paid for your goods and you are waiting for them to be shipped to you. How?
There are two ways they can be delivered:
This is a long process that takes 20-30 days to get your goods delivered. You won’t be paying any money to have your goods delivered to you if you choose this.
Premium or Express Shipping
This is a short process that involves using external logistics companies to deliver your goods and it takes 2-3 days. If you are choosing this, you should calculate the cost also with your goods.
The two processes will need your valid and accessible physical address as this is where your goods will be delivered to. You will be contacted to ensure your products gets to where you are.
What Do You Do Next?
Market your goods however you want to. Be tactical and expressive. Show the value of your products and advertise them; you can do this with the internet also. At this point that you are, selling your goods is all that matters as it is what brings the profit.
After the advertisement has been done, sell to customers.
How Do You Advertise Your Products?
Talking about your business does the job of the advertisement but, placing it on the internet aids the speed and number of audience it gets to. Online Stores like Konga and Jumia can be used for this.
Also, sell to your friends and family members and ask that they refer you. Your product should speak for itself.
How Do You Deliver to Your Buyers?
There are reliable courier agents here in Nigeria that deliver fast and carefully. You just need to find one and start selling.
Mini importation business is a sure way of getting profits. It is even done in the comfort of your home and good internet. Being diligent with the processes and business also pays.
I liked being your tour guide on how to start a small importation business in Nigeria, go make profits.
Get the latest update in your inbox
You have Successfully Subscribed!
Differences between Business and Entrepreneurship
There will always be a debate on the differences between business and entrepreneurship, except we research and grasp knowledge on these 2 concepts. Business in its light is broad and so is Entrepreneurship. I've written articles on business and entrepreneurship...
How to Get Paid to Search the Internet
Do you smell fish? It's probably just your nose, it's not me (or my article either). Does the title seem scam-ish? I get it, it does but it's true. However, there are legit ways to get paid to search the internet, all you have to do is just keep reading this article....
Don’t Start A Business if You Don’t Understand These Risks
Do you want to start your own business? If you have the entrepreneurial spirit, you most likely have some huge ideas about how you want your company to run and the vision you have of it in the foreseeable future. While there is a balance between being practical and...
15 Facts About Dangote Every Businessman Should know
The name or brand “Dangote” doesn’t sound foreign to you, if it does then you are not a true Nigerian. I could even push further and say not a true African. But I wouldn’t, let’s stop in my country. Recognizing his name and the facts about Dangote means he is doing...
10 Valuable Tips on Starting a Successful Business
The feeling that the challenge of starting a successful business is too big is a primary obstacle many entrepreneurs see blocking their road to financial independence. Part of the reason why businesses fail these days is that most entrepreneurs do not know the tips...
How to Get Paid to Read Books Online
Reading books is fun; getting paid while at it is much more exciting and fun. It’s the 21st century and most people just want to get paid for doing what they love, and even more, doing something you love from the comfort of your home. Do people get paid to read books...
21 Lucrative Businesses to Start With Little Income in Nigeria
We cannot deny the high rate of unemployment in Nigeria today. A lot of people are left without jobs, especially with the 2020 pandemic. Nonetheless, there are lucrative businesses you can start with little or no capital here in Nigeria! I know to most, it sounds...
How to Make Money with Amazon Publishing
If it is one thing I love talking and writing about, it is on writing, especially when it can get you more money on writing than you could ever imagine! There are a zillion sites where you can get your article and books published on one is called Fiver, but did you...
The 7 Best Halal Investing Apps You Should Absolutely Have
What are the best Halal investing apps? Times have changed drastically, and when great changes occur, it affects a lot of facets of life. One such facet is religion. Not every change is a welcomed one when put under several filters such as religion. Religion is a way...
5 Best Investments with The Highest Returns in 2022
2021 was a year that hit the world in all aspects including finance, and a lot of people confessed that their pockets suffered a dip; even their savings had dents in them. It was supposed to be a year of recovery from the Covid 19 virus, but the emergence of the new...
10 Tips on Getting a Clear Skin You Never Know You Needed
My Wedding Got Cancelled Because of Low Social Status
How to Tie the Zahra Buhari Turban in 5 Minutes
Hajiya Mariya Sanusi Dantata: The Philanthropist Who Feeds 5000 People Daily
These Organizations Are Teaching How to Perfect Public Speaking In Zaria
10 Sexual Abuse Counselling Services in Northern Nigeria
Nafisa Abdullahi Net Worth
Sani Danja Net Worth (In Naira)
CEDDERT Organized A Two Day Conference On Transforming Almajiri System in Northern Nigeria
This Is What I Learned About Vaginal Yeast Infections While Interning At A Hospital
You May Also Like…
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.