Last updated on June 14th, 2018
In this article, you’ll learn the secret of mini importation business and how to start a mini importation business in Nigeria. With this little information, I want to share with you can become a millionaire in matters of months and multi-millionaire in matters of years.
All you need to do is pay attention and read every tiny detail you can lay your hands upon on this website.
Starting an importation business in Nigeria is not the usual blah blah … you are used too. I bet you probably think you need to have hundreds of thousand to start importation business in Nigeria!
You’ll be surprised that with as low as N10,000 you can start making 6figures within few months. You just need to be educated about this business and go about it the right way and not getting scammed in the process.
In this article, you’ll also learn how you can make Jumia, Konga etc work for you with little of your effort and make money in your sleep. It’s as simple as that. All you need to do now is subscribe to this blog to get all the full gist.
I know someone that has raked in over 200million in profits within few years and friends making hundreds of thousands monthly on this same business. In the next post, I’ll show you proofs to motivate you and how to become an expert. But in the meantime, let’s start with the basics.
Trust me you’ve come to the right place. So, let’s get started!
What do you need to start this lucrative importation business in Nigeria? It’s nothing you don’t already have. And if you don’t, they’re something you can easily get.
You will simply need the following to get started:
- A personal computer (PC) or mobile phone
- Fast internet Network – Modern, Mifi etc.
- A valid email address.
- Valid and traceable home address where you can receive the item you will order.
- Few cash to get started (as little as 10,000 and no limitation)
- Get a PayPal account to buy your products (not in all cases though)
- Open a US bank account with Payoneer (It’s absolutely free)
There you have it. With all this, you can start your mini importation business in Nigeria. The best part of this business that I like so much is that 90% of what you need to do can be done on your PC or mobile phone. So you can call it an internet business.
As a matter of fact, you can be in your house and make 6 – 7figures monthly. Cool, isn’t? What you about to learn is different from the usual or the old school kind of importation business you are used to. With this kind, buyers with be the ones looking for you with the kind of marketing skills you will learn, all on the tips of your fingers.
Overview of Mini Importation business in Nigeria
Before we dig deeper it’s important we know the thick of this business. What is importation business? As the title connotes – Importation business simply means buying a product from overseas at a relatively cheap price and resell it at a high price. It simply buying and selling but this time you buy low and sell high.
In addition, Mini importation does not necessarily mean small importation. It all depends on the size of your pocket. You can import product as high as 100million and resell it to make over 200% profits. And at the same, you can buy products as low as 10,000 and make profits of over 50,000. Trust me, people are making money from this stuff.
Let’s dig in! Here is your step by step Guide to start your importation business in Nigeria:
- Source for Products
- Buy from a reliable supplier
- Pay for your products
- Product delivery
- Finally, market your Products
- Sell your Products and make money.
Step 1. Source for Products
The first thing you need to do if you want to embark on this journey is to source for your product. Here is what you should know. Most of the supplier website I will be introducing in this course are all China-based. You probably might be thinking why China? Well, China is the number one source for hot and fast selling products around the world.
In the like manner, most people usually thought any products from China are always inferior, that’s very far from the truth. Please look around you I’ll bet 80% of the product around you are produced and coupled in China. Your flat screen, phones, generator, freezers even the popular Apple products are coupled in China.
Well, I’m not saying they don’t produce inferior products as well, they do. I guess the Nigerian government should be blamed for that for not raising their standard.
So how can you source for your product? I recommend few of the popular China-based websites that can help with that. They include:
There are more websites I will be introducing but as a newbie its better you start with those. For own safety, so as time goes by, you will how to source for products with even thick Chinese suppliers who can’t speak English at all. But there always a way around that.
What you need to do now is head over to the above website create and with them and confirm your registration. It’s nothing difficult if you can create your Facebook account then you should be able to create one with those too.
Once you are done with the registration, browse around the website and check for products you can buy and resell in Nigeria.
Step 2. Buy from Reliable Supplier
This might be the most important thing you shouldn’t take lightly. Like I said earlier that Nigerian’s government are to be blamed for lack of restriction placed on China inferior goods.
Because of the above, this makes some of the sellers or suppliers careless of shipping inferior products to Nigeria. But instead of being a victim of this there are ways you can outsmart them.
This is called the power of feedback. Before you make a purchase from any supplier make sure you check the feedback score and rating for that supplier. You can allow scroll down below the products to read customer reviews on the product you about to ship. This simple produce will help in filtering the bad from the good suppliers.
The feedback rating is a powerful measure invented to protect customers from buying counterfeit products. You can always check if the supplier delivers as promised.
The ratings are usually between 0 – 100% and 0 – 5star reviews. I’ll recommend you always go for 90% rating and at least 4star reviews.
In addition, make sure you always go through the product description. Check the delivery methods free shipping are always good. Also, check the sellers guarantee on the products before you ship them. All this are usually at the bottom of every product page.
Step 3. Paying for your Products
This, in the past years, uses to be the hindrance of venturing into importation business in Nigeria. This is because there are no easy means of paying it’s always a long procedure. But thanks to the internet everything is now made easy. Back in your house in Nigeria, you can make payment for products in the US or anywhere around the world. It’s as easy as that.
There are several channels through which you can pay for your products, but they differ with suppliers. Some suppliers allow Mastercard or Visa card payment, some PayPal or Payoneer. The point is payment for goods are now easier and this shouldn’t be a barrier to you.
About Fraud or Getting Scammed
You might want to ask that, what if you’ve paid and you never receive your products? Or you pay, and the product is different from the description in the websites?
Well, all this are normal questions, and most especially for us in Nigeria and the more reason I recommend the above websites. These websites have some measures in protecting their customers. You can call it “buyers protection” or also known as “Escrow”.
The Escrow or buyer’s protection is a measurement put in place by the websites to protects both buyers and sellers. This is how it works. Once purchased the products you want to ship, instead of paying straight to the sellers’ account, the websites withhold the money. The money will then be released once you receive and confirmed the product to be what you order.
In rare cases when your product happens to be different from what you order there is “Dispute form” that you can fill, and your money will be reimbursed.
Mind you, I’m not saying its 100% risk-free but its unlikely for situations like this to occur.
Step 4. Product Delivery
Product delivery usually comes in two ways. This includes:
- Free Shipping – usually slow but increase profits (between 14 to 60days) but most time it’s usually delivered between 14 to 20days. The service company can be China Mail Air Post or Hong Kong Mail services.
- Premium delivery – these deliveries are usually done by DHL, EMS, and FedEx. Although it might be expensive compared to free shipping but its always faster and safer. (between 3 – 5days)
While the free shipping may be free you should know tracking it might not be entirely accurate compared to the premium shipping.
In addition, while using the free shipping method you should always endeavor to put your phone number. This is because they are always delivered at the nearest post-office close to you. With this, you can be easily contacted whenever your shipment has arrived.
Extra Tips to Save Cost on Shipping
- Mess Around with Dates. It’s obvious that the prices will always change with dates and season. Very fast means more money and slow means less money. So, mess around to save yourself some cost.
- Remove Excess Packaging. After your first delivery go through your shipment and notice unnecessary packages that you can avoid the next time. This will help reduce the size and weight of your products.
Step 5. Market Your Product
This is by far the most important aspect of the business. Its one thing to successfully order your product and it’s another thing to successfully market them. Nobody is going to know about your products unless you take it to them. And mind you I don’t mean literally start walking the street to market your product.
You should know, I’m the lazy type when it comes to physical hard work I’ll rather improvise and use my intellect. As a matter of fact, most of my businesses are run from the comfort of my house using just my laptops and mobile phone and I make at least 6figures on each. This is way too small to what you can make if you are really passionate about this.
So back to marketing your products!
There are ways you can do this … they include:
- Brick and mortar retail
- Word of mouth
- Handbills or flyers publicity
- Local Ads. e.g. Magazine, newspaper
- Internet marketing etc.
There are several ways you can choose to market your business but for the sake of this post, we’ll do just internet for now.
Like I said I rarely go out, so I prefer doing everything on the internet. So how can you market your products on the internet?
This alone on its own it’s a full cause for another day. But for now, the one easiest you can easily grab is Facebook marketing. Facebook is a full marketplace that can never be exhausted. To learn more about Facebook ads I have a short article on it that give you the basic insight.
Step 6. Sell your Product and Make Money
Finally, once you are done the marketing, obviously potentials buyers are going to start rushing your way if you’ve done a good job.
You can either create an online store for your products and list them online or do it with the popular method if you don’t want to create an online store.
For the latter part, you need to work with some courier agent to deliver your product and collect your money on your behalf. Among them are:
- Courier plus
- Austin Dispatch etc.
Some of them will require you paying a certain fee to get started while some are free.
Finally, you should have it at the back of your mind that every business has its own ups and down. One of ten of every order might be returns from your customer but that shouldn’t discourage you. The profit margin will definitely cover up.