How to Start a Mini Importation Business in Nigeria
A few years ago, you would probably need a good amount of cash in your pockets to venture into the business of mini importation as there was not much availability of information on how to go about it.
With the help of the internet today, you can obtain first hand info on just how to go about it. Countries like China, Turkey, Dubai etc are the places where you can import anything depending on the type of products you want to sell.You can amass a lot of wealth from this line of business whether you're doing it part time or full-time. In this article, you will understand the rudiments of mini importation and the steps involved, so if this is one business that sounds interesting to you or you've been searching the internet on how to get started then continue reading till the end.
What is Mini Importation & How Does it Work?
Like I earlier said, we'll start from the basics to understanding the mini importation business model.
Mini importation is the process of buying goods in bulk from abroad at a cheaper rate to resell for Profit using offline/online channels.The benefits of buying goods in bulk is that you can get them at an affordable rate and this is applicable to the mini importation business as well. In this line of business you can begin with any amount as low as 20k to 100k.
How to Start Mini Importation
1. Choose The Category of Products to ImportProduct selection is very important as this is the first thing to do before proceeding further. There are several products available for you to dive into but this depends on your capital, you can either start big or small.
Popular products range from electronics, skincare, fashion items and many more. In this case, if you're starting with low capital, you just need to go for one product category.
2. Source for Goods
Here, after you must have decided on what products to import, sourcing for Products is the second step involved. This takes us to checking out e-commerce sites that sell quality and affordable products, sites like AliExpress, Alibaba, pinduoduo, 1688 etc are go-to platforms for mini importation.
3. Select and Add Products to Cart
After sourcing for Products, the next step is to fund your account and add products to cart, continue to checkout depending on what store you're buying from. If this is actually your first, you can get a procurement company to supply and ship your goods down to your chosen location. Two things you'd want to do right is to buy quality products and get a reliable supplier.
Before purchasing a particular product, check for reviews, ratings or recommendations from previous buyers, what they say will help you make a proper decision. Where there is no review, you need to make further findings to make sure that the seller is real on the site.
4. Make Payment
In order to get your goods shipped down to your location, complete the process by paying for the goods.
Before now, paying for goods was a cumbersome process as buyers will need to do this using conventional methods like traveling to the country where they want to make the purchase and pay after sourcing for goods, thereby increasing the cost due to transportation.
With the help of the internet today, everything is made easy, fast and automated as all that a buyer needs is access to the internet and a mastercard. Endeavor to fund your account, continue to pay and have your goods shipped to you.
Basic Tools Required to Start a Mini Importation Business
You will need to have the following tools on ground in order to start and run a successful mini importation business. These tools includes;
- A laptop or smartphone device with an internet access
- Email address
- A MasterCard or VISA card. Mastercard are universally accepted
- Good capital depending on the goods you want to import.
- Drop-off address
Goods are delivered in two ways;
1. Normal Delivery: This process takes a longer time usually within 30days to arrive at the buyer's location when using the free shipping method.2. Premium Delivery: You can have your goods in 5 working days when you choose this method. This process is very fast.
In order to know what delivery method is best for you, calculating the cost of goods alongside shipping fees would help you make a proper decision on what method is best.
How to Market and Sell Your Goods
After your goods have arrived, the next step is selling them. Use offline/online channels to sell you goods. If you have a physical shop, you can display your goods and the use of social media platforms like Facebook, Instagram or e-commerce stores like Jumia, Konga etc.The good news is that with or without a physical shop, you can display and sell your goods with the help of the internet.
Conclusion
If you're just a beginner, in order not to make a mistake or get confused along the way, it will be better to do proper research or participate in an online class. With the internet today, you can stay at home to learn and start this business within your comfort zone.
The whole idea is to purchase in bulk from manufacturer sites and resell to make profit. Look out for one platform and begin your purchase or sign up for a session with us HERE
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