HOW TO START YOUR OWN MINI IMPORTATION BUSINESS
Do you know! Millions of entrepreneurs earns huge amount of money importing goods at a very cheap and easy method, and selling those goods at a price twice the original price?
Today I’m going to teach you how to import goods online from foreign countries to your own desire destination at a very cheap rate here in Nigeria.
These methods have been one of the major secrets enriching most of the entrepreneurs in the 21st century.
Probably, you would be wondering how possible Mr. Chinedu manages to own a story building, three cars and also taking good care of all his family responsibilities, with Just with a supermarket selling stuffs.
Have you forgetting? Entrepreneurship is the right road to all wealth.
This guide is going to explore you on how you can start making your own six figures income in few months, just by importing goods online at cheap amount and reselling them at you own convenient price.
I know you probably doubt this method; maybe it’s your first time of hearing about ‘Mini-Importation’. Don’t panic these method is been practiced by many Nigerians, and the good news is that you can start up with any amount of money.
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Getting started with Mini Importation
Mini Importation business simply means buying products from other countries at a relatively cheap price and resells it at a high price. It simply buying and selling.
Although, Mini importation does not necessarily mean small importation, it all depends on your pocket size. You can import product as high as 5million and resell it to make over 100% profits. And at the same, you can buy products as low as 10,000 and make profits of over 25,000, to say the least.
What do you need to start this lucrative importation business in Nigeria? Well, you will simply need the following requirements stated below to get started:
.A personal computer (PC) or mobile phone with fast internet Network – Modern etc.
You need to have access to the internet to get this business started.
.A valid email address.
Your email address is required for creating a verified account.
.Valid and traceable home address where you can receive the item you will order.
This is important. Though most courier companies would prefer to call you to come and pick your items from their office, you need to make sure the address you use as your shipping address is easily traceable.
.Some few cash to get started.
You can import product as high as 5million and resell it to make over 100% profits.
And at the same, you can buy products as low as 10,000 and make profits of over 25,000, to say the least.
.Any Bank Issuing Card Type.
Visit and obtain your card at any branch of GT Bank or UBA or major banks in your home country. You don’t really need to be an account holder with some of the bank before applying for this card.
All you need is a valid identity card i.e NIC, International passport, drivers’ license or Voters Card. this card has 16 digits number, Card holders Name, and card’s expiry date at the front. Behind the card, there is a 3 digit number known as CVV.
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 80% of what you need to do can be done on your PC or mobile phone. So you can call it an internet business. Isn’t it?
As a matter of fact, you can be at your comfort base and make 6 – 7 figures monthly. Cool, isn’t? This way, you can have orders available that match what you are importing or even more through effective marketing.
1. Source Your Products From A Reliable Import Portals
Now, there are lots of portals out there that claim to sell items at cheap prices. While others are genuine, a good number are scam and fraudulent.
The first thing you need to do if is to source for your product from trusted portals. Most of this supplier’s website is China-based. Check this out
You probably might be thinking why China? Well, China is the number one source for hot and fast selling products around the world. They offer cheap and profitable products, look around you I’ll bet 80% of the product around you are produced and coupled in China. Your fiat screen, phones, generator, and freezers even the popular Apple products are all coupled in China.
I have verified some portals. But because of the way things might change in future, I advice you also do your own diligent research before dealing with any of this portals.
Below are my recommended portals;
1. Aliexpress.com
1. Aliexpress.com
2. DealExtreme.com
3. Dhgate.com
3. Dhgate.com
For the purpose of user friendly for beginners, i’ll be showing you everything using Aliexpress . Although procedures in the other portals are almost the same, there are few diffrencies. Don’t panic, they’re little things common sense can put you through. For beginner’s purpose, first thing to do is to register your account at Aliexpress.com.
2. Search And Buy Your Products From A Reliable Supplier
Remember, these portals consist of different individuals showcasing their products to the world.
This is the most important part you shouldn’t take likely. Nigerian’s government are to be blamed for lack of restriction placed on China inferior goods.
This makes some of the sellers or suppliers careless of shipping inferior products to Nigeria. Instead of letting my audience becoming victims. I have provided strategic ways you can absolutely use to outsmart them.
One of my preferable tricks is that; “Send a, dummy’ message to the seller. This can be used to test the seller’s customer service effectively. You can send them messages like: Are your products scam”? Disgusting right? This strategy works prestigiously.
You will get to know if really they offer fake products base on how they reply your messages. If anyone fails to reply your message, it similarly means they will never respond your message after you’ve order products from them.
I recommend you to use others ‘feedback’ about certain supplier. Before you make a purchase from any supplier make sure you check the feedback score and rating for that supplier. You can always scroll down below the products to read customer reviews on the product you are about to ship.
This simple method will help to determine those fraudulent or good suppliers. The feedback rating is a powerful measure invented to protect customers from buying counterfeit products. Check the sellers guarantee on the products before you ship them. All these are usually at the bottom of every product page.
The ratings are normally between 0 – 100% and 0 – 5star reviews. I will recommend you to always go for 85% and above rating and at least 4star reviews.
Nevertheless, make sure you always go through the product description. And also make sure to check the delivery methods. Free shipping is always good if you’re willing to wait. Again, you can always check if the supplier delivers as promised.
The second most important thing you shouldn’t take likely. These portals are shopping mall where different sellers have their separate shops and stores. That’s some reason why similar products differ in price.
This is because of some middle men who go to shop ‘A’, buy something for $2 and list it in their own shop for $5. That’s just the business strategy.
The smartest thing to do about this is to compare prices and quality of products on this website before buying them.
Always make your payments using the portal. If someone asks you to make payment outside the portal refuse it might be another scam.
3. Paying for your Products
In the previous years, this used to be the most hindrance of venturing into importation business. This was because there were no easy means of paying for products, it was always a long procedure with much expenses.
But thanks to the internet advancement everything is now made easy, fast and reliable. You can make payment for products anywhere around the world. It’s as easy as that.
With your Bank Issuing Card, e-wallet and even Bank Account you can now make your payments online.
For the sake of this guide I recommend you to use a Bank Card as earlier confided.
4. Ensuring Safe Product Delivery
The moment your payment is received and verified, the next thing is for your products to be package to your destination.
You’ll receive an email from the portal that bears tracking details, which gives you further directives on how to go about tracking your products. A site will be giving to you to insert your Tracking ID to get in touch to your products movement and progress.
Your Product delivery usually comes in two ways base on the products criteria. This includes:
.Free Shipping – usually slow in delivery.
.Paid delivery – these deliveries are usually done by DHL, EMS, and FedEx. Although it might be expensive compared to free shipping but it’s always faster and safer.
While the free shipping may be free you should know tracking it might not be entirely accurate compared to the premium shipping.
In addition, always endeavour to put your phone number, and address. 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.
5. Market Your Product
Wow, it really a total amount of wastes to succeed in importing stuffs at cheap prices and end up getting stuck distributing and reselling off to make your profits.
This is far the major important aspect of the business. It is one part to successfully order your product and it’s another part to successfully market them. Beware, nobody is going to know about your products unless you take it to them or let them know about it.
There are ways you could do that … they include:
.Use social media marketing
.Place ads online
.Build your online Store
.Get an office space
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 should have it at the back of your mind that every business has its own ups and down.
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5 Comments
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ReplyDeleteThank your Barnabas Stanley for this great post.
ReplyDeleteYou're welcome.
DeleteGreat business idea
ReplyDeleteThank you Mary
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