HOW TO START MINI IMPORTATION BUSINESS IN NIGERIA/GHANA
Starting an importation business is one of the trending business in Nigeria today. But unfortunately, many people have been scammed by the so-called “mini importation business trainers. They claimed to know everything about the business and lure people to buy their training program and end up giving them have information about how the whole thing works. I don’t blame them because you can give what you have. As a person, I really did not want to do training but a lot of people are pestering me to do it. To teach them the nitti gritty of the business, because I and my wife have been doing it successfully for more than three years now. Many trainers will tell you they have been doing it for ten years and have trained more than 500 people. Don’t fall for it, ask them how old is mini importation in Nigeria and when did people started hearing much about it. The business has been but only a few people are into it. It is a lucrative business because it demands very low capital to start, but you must learn how to play the game profitably. In this blog, I will tell you what the business is all about and how to go about it. What it requires to get started. I bet you probably think you need to have hundreds of thousand to start importation business in Nigeria!
But trust me, that’s not the case anymore.
What is mini importation business?
It is a business that involves bringing in quality products at a ridiculously cheap price and sell at the same price people can find at the general market here in Nigeria or a little lower price than the common price. With as low as #10,000, you can start making 6figures within few months. All you need is the right knowledge and guide. There are many sites where you can purchase goods at a very low price, bring them to Nigeria and sell to make reasonable profits.
In addition, Mini importation does not necessarily mean small importation. It all depends on the size of your pocket. You can import products as high as 10million and resell them to make over 200% in profits. And at the same, you can buy products as low as 10,000 and make profits of over 50,000, to say the least.
A case study, there are particular products trending now in Nigeria called INVISIBLE LIQUID SCREEN PROTECTION (NANO Hi-Tech) see the picture below. The product cost about 1.7 Chinese Yen which is equivalent to #97. Are you surprised? It is not even up to #100 and there is a guy at Ikeja who helps people apply it on their phone for #10,000. Boom!!! That’s crazy, isn’t it? There are products of #200 (3.5 Yen) from China that you can sell for 5k to 15k here in Nigeria. Readers, please don’t argue these facts, people are making it big in this business. There are other factors though, but if you will learn it you too can master it. Factors like knowing hot products to ship in. trending products that people are buying and marketing strategy that the goons in this business are using.
One of the things you should be more interested in is the sourcing out for winning products or let me still call it hot products. If you can have access to these products you’re 80% successful in your business.
What do you need to start this lucrative importation business in Nigeria?
Well, it’s nothing you don’t already have. And if you don’t, they’re something you can easily get. You will simply need the following to get started:
- A personal computer (PC) or a mobile phone. But preferably PC
- Fast internet Network – Modern, Mifi, or your smartphone hotspot for PC.
- A valid email address.
- Valid and traceable home address where you can receive the items you
- Some few cash to get started (as little as 10,000 but no limitations)
- Get a PayPal account to buy your products (not in all cases though. I will guide you on how to pay secure payment without Paypal)
- Open a US bank account with Payoneer or Nigeria Paystack(It’s absolutely free)
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 90% of what you need to do can be done on your PC or mobile phone. So you can call it an internet business. And you can do it at the convenient of your home.
As a matter of fact, you can be in your house and control sales all around the country with the logistics methods we will teach you. You will be smiling making 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.
Let’s dig in! Here is your step by step Guide on how to start importation business in Nigeria:
- Source for Products
- Buy from a reliable supplier
- Pay for your products
- Product delivery
- Finally, market your Products
- Sell your products and make money.
Step 1. Source for Products on the main site
The first thing you must master is how to source for products on the main site. Here is what you should know. Most of the supplier’s websites are China-based. But there is one site that has the cheapest quality products and most of the mini importation products are bought from this site. You will be introduced, and guided on how to navigate it in the cause of the training.
You probably might be thinking, why China? Well, China is the number one source for hot and fast selling products around the world. You can call it an international warehouse or manufacturer. Countries of the world ship goods from there. Though the site is written in Chinese, you will be shown how to translate it for easy navigation.
In the like manner, most people usually thought any products from China are always inferior. Seriously, that’s very far from the truth. Personally, we have bought and sold many products, and we didn’t get complaints from our customers. The ones we are using too, we can testify to it that they are quality products.
Do your research, about 80% of the products around you are produced and coupled in China. Your flat screen, phones, generator, and freezers even the popular Apple products are all coupled in China.
Well, I’m not saying they don’t produce inferior products as well, they do. That is the essence of going through different companies and read people rating of those companies you want to buy from, so you can source for quality products. You will be sown different sites and prices.
Step 2. How to Choose a Reliable Supplier
There are many manufacturers you will come across in your product search but you must be careful to select the good ones. Instead of being a victim of buying inferior products, you can outsmart the manufacturers.
This is called the power of feedback. Before you make a purchase from any supplier or manufacturer, make sure you check the feedback score and rating for that supplier or the company. You can allow scroll down below the products to read customers’ reviews on the products you about to ship in. This simple method will help in filtering the bad from the good producers.
The feedback rating is a powerful measure invented to protect customers from buying counterfeit products. You can always check if the supplier or manufacturer delivers as promised.
The ratings are usually between 0 – 100% and 0 – 5star reviews. I’ll recommend you always go for 90% and above rating and at least 4star reviews. In addition, make sure you always go through the product description.
Also, check the seller’s guarantee on the products before you ship them. All these are usually at the bottom of every product page.
Step 3. Paying for your Products
Payments have been made easy, thanks to the internet. Back in your house in Nigeria, you can make payment for products in the US, China or anywhere around the world. It’s as easy as that.
There are several channels through which you can pay for your products, but they differ with suppliers and manufacturers. Some suppliers allow Mastercard or Visa card payment, some PayPal or Alipay, and some have Nigerian agents who take transfer, and they will confirm your payment asap. The point is payment for goods is now easier and this shouldn’t be a barrier to you.
About Fraud or Getting Scammed
You might want to ask, what if you’ve paid and you never receive your products? Or you pay, and the product is different from the description on the websites?
Well, all these are normal questions. But it has never happened to us. And besides, these websites have some measures in protecting their customers. You can call it “buyers protection” or also known as “Escrow”. I will advise you to use the same method we have been using over the years.
Step 4. Product Delivery
Depending on how soon they are able to gather your products, especially if you are buying from different manufacturers or suppliers. But as soon as it gets to the warehouse, they will package your goods and send them. Before it gets to Nigeria, sometimes it takes two weeks or less. That is why you see some naija sellers telling you that some products are available on pre-order. But if you want express delivery. That only takes about 24 to 72 hours to come to Nigeria. You will learn more in the cause of the training.
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 take it 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 use different social media platforms. And we have included social media ads in this training. You will learn how to effectively advertise on Facebook, Instagram, Twitter, and LinkedIn. One of the best ways to make most of your marketing on the social media platform is to create a squeeze landing page for your ads. What I mean by this is collecting their email addresses because some might be interested but not having money when they see your ads. Collecting their emails will serve as a means of reminding them of your products. You can use GetResponse for this purpose, its free to start with.
And there are other ways you could market your products … they include:
- Brick and mortar retail
- Word of mouth
- Handbills or flyers publicity
- Local Ads. e.g. Magazine, newspaper
- Internet marketing etc.
Step 6. Sell your Product and Make Money
Finally, once you have your ads running, 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.
For the latter part, you need to work with some courier agent to deliver your product and collect your money on your behalf or have your buyers pay before delivery. Among the courier are:
- Courier plus
- Austin Dispatch etc.
Some of them will require you paying a certain fee to get started while some are free.
Finally, you should have it at the back of your mind that every business has its own 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 using my blueprint.