If you are looking for a business to venture or looking for a side hustle to add to your primary work, what ever is the case, mini importation should be in your first choice.
Mini importation business is among the most profitable business in Nigeria today.
So many business Moguls have discovered how lucreative this importation business is.
The most interesting part of this business is that you can start it with as low as #35,000 or even less.
It all boils down to how big and successful you want your business to be.
Now, if you are interested in starting your mini importation business in Nigeria, you have to read this article with close attention so as not to miss any vital point and step.
What Mini Importation is All About?
Mini importation is a form of small scale business which allows you to buy goods from overseas directly from the manufacturer at a very easy and low price and import them to your locality to sell.
Most Nigeria mini importation business owners source their products mostly from China where those products are produced in large quantity and then import the products to Nigeria and resell to people.
Before you can venture into mini importation, there are few things you have to learn and understand. These are few things you should put in place before you can start your importation business in Nigeria.
- A good and fast personal computer or smartphone with good internet connection.
- Valid address and contact details.
- Agents that will inspect the goods.
- Business capital (As you can afford).
- Where to buy the goods.
- Where to sell the goods.
You have to make sure that you have made all the necessary business inquiries both offline and online, get all those things mentioned above ready and also paying maximum attention to the steps listed below before you can venture into the business.
Steps On How To Start Mini Importation
1. Choose a Products to Import
This step is actually the most important part of the business. The product you choose to import determines how successful your business venture will be. So you need to do your background check of what kind of product that people buy and how sellable those products are.
To make this step very easy for you, Visit any E-commerce and sort for goods that have higher demand by popularity.
These are suggested categories of products you can choose to import: Electronic gadgets and appliances, Computers, mobile phones, and fashion accessories, Hair wigs and hair products, Jewelry, Cosmetics, Clothing products and under-wears etc. Also consider to know how much profit you can make from such product when sold.
2. A Platform to Buy Your Products
If you are done deciding the type of products you want to import, the next step is to look for a good platform with reliable service to buy your goods from.
We recommend the following marketplace for you, because over the years they have proven to be trusted and reliable to deal with.
3. Find a Good Supplier
A good supplier is one of the essential persons in your mini importation business. Some suppliers usually have a problem of bad communication skills and sometimes slow response which are setbacks to your mini importation business. And to totally avoid being frustrated by incompetent supplier, you need to carefully select a reliable supplier.
This is what you should do when sourcing for your supplier. You have to read and compare the reviews of other customers who have bought from the suppliers.
4. Place an Order and Make Payment
This is another important step of this business venture and one of the reasons you have to choose a competent supplier. Once you choose the product you want to import and you have chosen your supplier, the next step is to place an order for the product that you want to import and make payments for the selected product.
Payment can be made with your local bank account or dollar account. Make sure that you get a message from your supplier that your transaction is successful and that you should be expecting shipment of your order.
It is very important that you take note of the price of the goods in your local currency and also be able to identify different categories of the goods, which includes color, size, weight, minimum order and a lot more.
5. Product Shipment and Delivery
In the mini importation business, product shipment comes into different ways, they include :
a. Free shipping
Free shipping is a delivery service that is cost free, this method increases profit as it takes between 14 to 60 days, but in most cases it is usually delivered between 20 to 30 days.
The service company cam either be China mail Air post or Hong Kong mail service.
Please don’t forget to include your phone number so that once your goods are delivered to the nearest post-office close to you, it will be easy to contact you.
b. Premium Delivery
This is a paid shipments option, this delivery is usually done by reputable logistics and delivery company such as DHL, EMS, and FedEx. It is expensive when compared to free delivery but it is faster and safer. Product deliveries are usually between 3 – 5 days
6. Marketing of your products
Now that everything is set for the second phase of the business, you will need to start marketing your goods before they arrive. There are several media through which you can market your goods.
- The Social media: Instagram, Facebook, WhatsApp, etc.
- Ecommerce websites like: Jumia, Konga etc.
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