You will learn ways to begin a mini-importation business in Nigeria. And most significantly what’s required to achieve success at it. So, all you want to do now’s pay attention.
Starting an importation business in Nigeria is not as difficult as many will make it seem or so easy that you venture in without proper knowledge and guidance. While experience is the best teacher, learning from those who have years of experience saves you time and money.
Usually, some believe you need a lot of money to start successful importation business in Nigeria! In reality, starting an importation business does not necessarily require huge capital or personal capital as you can start with other people’s money.
The beautiful thing about a mini-importation business is the high return on investment and low startup capital (depending on your Niche). With as little as N10,000 you may be making over ₦350,000 monthly if you go all in as a profession or seriously as a side hustle.
You simply want to be well educated on how to run the business the proper way.
Identifying the right product (Hot Selling Products) and the right niche can make you a multi-millionaire in few months.
A typical example is my friend Femi who imported 100 units of mosquito repellant for less than ₦1500 per unit and sold each for over ₦15000 making over ₦1,350,000 in less than a week.
Just like in the case of Femi where a single product made him millions one of the most important things you have to look out for in the mini-importation business is finding HOT SELLING PRODUCTS. You must not be emotional about the products you import, import what will be in high demand.
Finding the right product alone is an 80% guarantee that you will succeed in the business. There are also a few things you will need to succeed in the business and they are basic things that you probably already have or can easily get.
What are the things you need to start a highly rewarding mini-importation business in Nigeria?
Necessity for Starting A Profitable Mini Importation Business:
• A computer or smart phone
• Fast web Network – Modern, MiFi and so on
• A legitimate email address.
• A valid and recognizable personal residence where your merchandise can be delivered or a valid address where you can arrange to receive your goods.
• Some few money to begin (just 10,000 and no constraint) or you can start with other people’s money.
• Get a PayPal account to purchase your items (not in all cases, however)
• Open a US account with Payoneer (It’s free, and you don’t always need it)
• Facebook or Instagram Account (For advertisement)
You see how easy it is.
With the above mentioned you can begin your mini-importation business in Nigeria. The most amazing aspect of this business that I like so much is that 90% of what you need to do should be possible on your Computer or Smart Phone. So, you can simply call it an online business.
Truly, you can be in your home and makeover N35,000 daily or even more than N100,000 daily if you Master How To Run Instagram And Facebook Sponsored Adverts and have goods that are in high demand. You can do it because others before you have proven results.
One of the beautiful things about the Mini-importation business is that you can run adverts and sell your products while you are still awaiting your merchandise. If you master how to run compelling adverts, you can sell considerably more units through compelling advertising without even showing your face or making much noise.
Outline of Mini Importation business in Nigeria
Before we dive in further, it’s important we explain what importation business is for those who may not understand. What is importation business?
As the title hints mini–Importation business is just a method of purchasing items from abroad at a moderately modest cost and exchanging it at an exorbitant cost. It is essentially buying cheap goods abroad and selling them for a huge profit.
Likewise, Mini importation doesn’t mean little importation. Everything relies upon the size of your pocket. You can import items as high as 10million and exchange them to make more than 200% profit. Also, at the equivalent, you can purchase items as low as N10,000 and make a profit of more than 50,000, without a doubt.
Let’s dive in!
Here is your bit-by-bit Guide on the best way to begin importation business in Nigeria:
Stage 1. Source for Hot Selling Goods
Here is the thing that you should know. Most of the goods in the Nigerian market and even globally are manufactured in China even the Apple phones. This should automatically ring a bell that the default place to buy cheap products is from china.
You most likely may be thinking why China? Indeed, China is the main hotspot of manufacturing due to cheap labour and government policy that favours manufacturers. China is the best place to find cheap hot selling products.
However, there are other countries you can import from depending on what you intend to import. You could be considering countries like India if you are looking at importing hair.
Usually when most people hear China what first comes to their mind is inferior goods but that’s not true. Yes, China ship into Nigeria a lot of substandard goods but that does not justify that Chinese products are generally substandard.
Kindly check, 80% of the items around you are created and coupled in China. Your flat-screen TVs, telephones, generator, coolers even the adored Apple Phones are completely coupled in China.
Indeed, I’m not saying they don’t create substandard items too, they do. I surmise the Nigerian government ought to be blamed for not increasing their expectation of China on what they export to Nigeria.
So, what’s the easiest way to source goods from China?
The easiest way is to use Chinese websites that have whole sellers selling goods at a cheap rate:
What you need to do now is head over to the above sites and create an account with them. For the sites that are not in English like 1688.com, you can translate to English. After sign up search the site and check for items you can buy and sell in Nigeria.
Alternative Sourcing Website in Nigeria
Sometimes being able to source goods locally is almost as important as buying cheap from china. There may be times when you need to deliver immediately therefore it is important to explore another source like Jiji.ng it’s not a bad alternative.
This may not be pretty much as cheap as buying from China because the sellers on Jiji.ng buy from china and have added their profit but can be just as rewarding as sourcing from China when considering quantity and speed.
With Jiji, you can discover a distributor that will offer items to you in Nigeria at an entirely reasonable cost. You’ll be astounded at the cost of items you’ll discover on JiJi compared to the amount they are been sold on Jumia and Konga.
Item’s on JiJi can be moderately less expensive if you know how to search for direct suppliers and can negotiate.
Take for instance, from the picture beneath, the cost of the “Bug Repeller Control” is N1,500 on Jiji compared with the cost on Jumia.
The same product can be found for only N1,500 on JiJi while Jumia cost is more expensive. View the underneath on Jumia and see the distinction yourself.
On Jumia, the item goes for N13,500 and the fact is, they are both imported, which means they are not manufactured in Nigeria.
It will be a decent business when you purchase as low as N1,500 on JiJi as compared to N10,000 on Jumia. Amusing enough you can sell the same product on Jumia without purchasing the item first on JiJi.
You just need to have a Jumia store to post your product and when you have a request on Jumia, you can simply get from cheap sellers on Jiji and deliver to the customer.
This is the thing that we call “Drop Shipping or Out Sourcing business”. You can learn more on how to be successful in dropshipping and how to use these platforms like Jiji, Jumia and Konga to make money on autopilot.
2. Buy from a verified provider
This may be the main part you shouldn’t mess with. Like I said before the Nigerian’s government is to be blamed for not setting a standard that prevents China from exporting inferior good to Nigeria.
Because of the abovementioned, this makes a portion of the dealers or providers indiscreet of delivering substandard items to Nigeria. Yet, rather than being a victim of this, there are ways you can outmanoeuvre them.
Before you make a buy from any provider ensure you check the input score and rating for that provider. You can generally look down beneath the items to peruse client surveys on the item you going to deliver. This basic strategy will help in sifting bad suppliers from great suppliers.
The criticism rating is an amazing measure developed to shield clients from purchasing fake items. You can generally check if the provider conveys as guaranteed. The appraisals are typically between 0 – 100% and 0 – 5star surveys. I’ll suggest you generally go for 90% or more evaluating and at any rate 4star ratings.
Furthermore, ensure you generally go through the item portrayal. Some items come with free delivery in case you’re willing to wait for the delivery as it may take longer.
Also, check the sellers guarantee on the products before you ship them. All these are usually at the bottom of every product page.
Stage 3. Paying for your Products
In the previous years, this used to impede venturing into the importation business. This is because there are no simple methods for paying it’s consistently a long methodology.
Yet, on account of the web, everything is presently made simple. Back in Nigeria, you can make payment for items in the US or any place all over the world. That’s all there is to it.
There are a few channels through which you can pay for your items, yet they vary with providers. A few providers permit Mastercard or Visa card payments, some PayPal or Alipay.
The fact is, payments for products is currently simpler and this shouldn’t be a hindrance to you.
About Fraud or Getting Scammed
You should ask, imagine a scenario where you’ve paid and you never get your items. Or then again you pay, and the item delivered is different from what you saw on the sites?
All things considered, these are things that can happen and also can be avoided. These sites have a few measures in ensuring that buyers get what they pay for. You can call it “purchasers security” or otherwise called “Escrow”.
The Escrow or purchaser’s insurance is an estimation set up by the sites to secures both parties “purchasers and dealers.”
This is how it works.
Whenever you’ve bought the items, you need to transport them, rather than paying directly to the merchants’ account, the sites retain the cash. The cash will at that point be remitted to the seller once you get and affirmed the item to be what you request.
In uncommon situations when your item turns out to be different from what you request, there is a “Question structure” that you can fill, and your cash will be repaid.
In the reality, I’m not saying it’s 100% risk-free yet circumstances like this do not happen often.
Stage 4. Arrange Delivery
Goods conveyance generally comes through the following:
• Free Shipping – normally slow however you benefit from not paying for shipping. Usually estimated to take (between 14 to 60days) yet most times items are typically delivered between 20 to 30days. The help organization can be China Mail Air Post or Hong Kong Mail.
• Premium conveyance – these conveyances are typically done by DHL, EMS, and FedEx. Even though they may be costly compared with free delivery yet it’s in every case quicker and more secure. (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 endeavour to put your phone number. This is because they are always delivered to 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
1. Mess Around with Dates. 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.
2. 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. It’s 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 advertise the items to them.
And mind you, I don’t mean you literally start walking the street to market your products. You just have to be creative and updated.
There are ways you could do that and they include:
· Brick and mortar retail
· Word of mouth
· Handbills or flyers publicity
· Local Ads. e.g., Magazine, newspaper
· Online marketing (Facebook Sponsored Ads, Instagram Sponsored Ads) etc.
There are several ways you can choose to market your business but for the sake of this post, we’ll do just the online marketing 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 easiest you can easily do is join my inner circle where I will share all this for free.
With Facebook marketing, I’ve been able to generate millions of sales selling importation products here in Nigeria. As an example, I was able to make $1,165 (N425,225) in Just two Days with Facebook Advert! see the image below.
Facebook and Instagram is a full marketplace that can never be exhausted. I am literally giving all my Facebook and Instagram marketing secrets, alongside my blueprint, you should check it out.
Here’s a little secret, look for Facebook groups in Nigeria related to what you’re selling and contact the admin of the page to post an ad about your product for you. With this, you could make a profit of over N100,000 with just ads of 3 – N5,000 in a day depending on the product you’re selling.
For Instagram, create a page around your product and grow your followers. With this you’ll be amazed at the free sale you’ll be making without running sponsored ads.
Step 6. Sell your Product and Make Money
Finally, once you are done with 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.
You can advertise your goods and give an option for payment on delivery which can be receive and remitted by the courier service or via transfer on delivery.
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.
Or a quick google search on logistics companies in Nigeria may just do! Some of them will require you to pay a certain fee to get started while some are free.
Join my INNER CIRCLE where I mentor on the business of Mini-Importation, Dropshipping and Digital Marketing. You will get my blue prints on setting up a successful online business that makes you money on auto pilot.
Finally, you should have it at the back of your mind that every business has its ups and downs. 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.
Are you ready to start your Mini Importation business in Nigeria? Let me give you a head start, use my blueprint and mentorship.