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.