5 STEPS TO STARTING A MINI IMPORTATION BUSINESS IN NIGERIA

Mini importation business

A mini importation business is one of the most lucrative businesses in Nigeria that can be started with low or high capital and the profit is quite decent. A mini importation business in Nigeria can be started by virtually anyone willing to make a passive income and yield living.

Unlike in the olden days when one need to travel abroad in order to import a goods into the country, nowadays one can actually stay in one place an order for goods from abroad with the help of various online marketing platforms and your goals will be delivered to you in no time.

are you still wondering what mini importation business in Nigeria actually is or do you already know but wondering how to get started? whatever the case might be common just read on as everything will be explained here in.

ALSO READ: BUSINESS TO START WITH 10k OR BELOW

WHAT IS MINI IMPORTATION BUSINESS?

Mini importation business is the type of business where is solar impulse a specific goals from outside the country and then resell it in his or her old country to generate profits. This type of products are usually imported into the country at a cheaper price.

WHAT ARE THE THINGS NEEDED TO START A MINI IMPORTATION BUSINESS IN NIGERIA?

the following are a key requirements in order to successfully start a importation business in Nigeria:

1. A laptop, smartphone, or tablet
2.  Mobile data for browsing the internet.
3. A start-up capital.
4. An international e-commerce platform.
5.  Products importation niche (Th type of products to be Imported).
6. A valid Master Card Or Visa card.

HOW MUCH CAPITAL IS REQUIRED TO START A MINI IMPORTATION BUSINESS IN NIGERIA?

The amount of capital required to start a mini importation business in Nigeria varies based on the type of products to be imported. However, peoples with no capital can start up a mini importation Business by ordering a cheaper products.

A capital of 100k and above can be used to start a mini importation business in Nigeria. but the higher the start-up capital the higher the profit and vice versa.

HOW PROFITABLE IS MINI IMPORTATION BUSINESS IN NIGERIA?

Mini importation business is no doubt a lucrative or a profitable business in Nigeria, Although the profitability of this type of business depends largely on the type of goods imported and also on your location.

This is why it is very important to scan the environment and knows the type of products in high demand before making an attempt to import a product. importing the wrong product type can lead to shortage or low profit. Choosing a good business environment is crucial to the success of every business.

Take for instance, a product that is being
sold at the rate of 20K here in Nigeria may be available for sale at the rate of 8 to 10K outside the country especially in countries like China, UK and the US. so importing this type of products into the country will surely generate a lot of profit even after subtracting your importation fees.

STEPS TO START A MINI IMPORTATION BUSINESS IN NIGERIA:

• DECIDING ON THE TYPE OF PRODUCTS TO IMPORT:

The first step to starting a profitable mini importation business is to carefully decided on the type of products to be imported. this can be done by scanning the environment or market to know the type of products which are in high demands.

• ORDERING OR IMPORTING THE PRODUCTS:

once you finally decide on the type of product to import, you can then proceed to other for it. you can proceed to order for a product through an international e-commerce websites like AliExpress, Alibaba, eBay, and even through jumia.

==> HOW TO ORDER FOR A PRODUCT ON ALIBABA, ALIEXPRESS, EBAY AND AMAZON.

STEP 1: simply visit the international e-commerce websits like alibaba.com aliexpress.com Amazon.com or eBay.com etc.

STEP 2: Navigate to the registration page and create a free account.

STEP 3: login to your account and navigate the respective product category.

STEP 4: once you find the type of products you’d like to order, follow the instructions on the platform to place the order and then make payments with either your VISA card or MasterCard.

STEP 5: while placing the order, you’ll be given an option to select a delivery method.

==> TYPES OF DELIVERY METHOD:

• FREE SHIPPING/DELIVERY

This type of delivery method does not require no extra charges for your products to be delivered to your choosen location. in this type of delivery, the products usually takes 25 to 30 days to be delivered.

• PAID SHIPPING OR DELIVERY:

This type of delivery involvea an extra delivery charges and the product will be delivered within a week.

BOOYAH! that’s all, your product will be delivered to you within the stipulated delivery time.

MARKETING YOUR IMPORTED GOODS OR PRODUCTS:

what’s your ordered products reaches your location, you can start marketing it by advertising to friends and family and through the words of mouth. you need to be jovial while doing this in order to make more customers.

you can as well Start marketing imported products through online platforms like konga, jiji, olist, olx etc. just create a free account with them and start selling products right. social media app like Facebook and Twitter can also be a great nurse to Market your products.

MINI IMPORTATION BUSINESS IN NIGERIA RISK EVALUATIONS:

there are no risk involved in ordering or importing a products through the above international e-commerce platforms (alibaba.com aliexpress.com, amazon.com and ebay.com). they are reputable and are also a registered trademark worldwide.

but apart from those platforms and other reputable ones, great care needs to be taken if the importation is done through a third party to avoid being scammed.

CONCLUSION:

A mini importation business this one that is highly lucrative in Nigeria and can be started by virtually everyone. it is a low-risk business can be started with an average capital.

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