Mini Importation Business in Nigeria: Guide on How To Start (2024)
The mini importation business is just an online small scale importation business model where a person with small capital can import goods from China at a low price and sell in the country at a higher price. It involves basically buying and selling. The only difference here is that you as the seller buy from outside Nigeria and then sell the goods in Nigeria. This if done right is highly profitable and lucrative and before you know it, you are on your way to a financially independence life.
Follow the below steps to get started with mini importation business in Nigeria which is the best online business to start:
Planning
This is the first step in mini importation business and it is the process that will decide if you will succeed or not. You buying goods that are not in demand where you are is a sure recipe for failure. Likewise, buying goods at prices that are almost the same in your location will lead you to a lost. This means you need to do your due diligence on the goods you want to sell. Your decision will be based on the fast selling goods in your area that sells relatively cheap in china. After making your decision, move on to the next step.
Places To Buy The Goods (mini importation websites)
There are a number of trusted places you can buy any of the goods you choose to sell for your mini importation business. However, there are some tested and trusted mini importation websites where you can meet both big time wholesalers and manufacturers. This places includes the popular Aliexpress.com, Dhgate.com, ipmart.com (gadgets) and Alibaba.com
Alibaba is one of the most preferred on the list of importation websites because it is majorly a marketplace for manufacturers and wholesalers. However, they have a Minimum Order Quantity (MOQ). You can always browse through the website to get familiar with it.
It is important to note that whichever website you choose to buy from, make sure you check the buyers rating and be sure he is rated over 90% positively to avoid falling into the hands of scammers. You can also read customers reviews to have an idea of what to expect. The websites provide a form of customer protection services so you are kind of secured. However, read their terms and condition to know what you are in.
Payment & Shipping
You are going to be paying using your ATM card when you start this mini importation business proper. Currently, most banks in Nigeria don’t allow international transactions using the Naira Mastercard or Visa card they issue however; I know it is still being allowed by GT Bank. You can find out if your bank allows this. The price of the goods is usually in dollars and as such, the Nigerian Naira value is going to be one of the issue here as it keep fluctuating every now and then but if you do your research well, you would not fall into loss.
Some of the business offers free shipping. However, it could take up to 60 days to get delivered and you can’t even track them in transit in most cases. It is better you go for the paid ones which however, are pricey but efficient and you can even get your imported goods in a week. Just make sure you have a traceable address where the goods can be delivered.
Sales
Before your goods arrive, it is expected you start marketing them so you wouldn’t have problem selling them when they arrive. You can sell them to local retailers around and get your money fast for another set or sell them yourself or do both. The social network had been proven as a great marketing tool for mini importation business in Nigeria, so, utilize it to the fullest.
Conclusion
Some say importation business is the best online business to start and is very lucrative and profitable. You only need to know the basics and secret model that most successful people used in getting profit and making sales. Most of these people import fro China because that is where cheap commodities are found. I believe if you follow the steps above, you are surely going to start a successful mini importation business in Nigeria.
