Importation is a small-scale business where an individual with small capital can import goods from overseas countries like china, turkey, Dubai, Malaysia, etc. at lower rates and sell here in the country at higher rates.
When considering businesses that are highly profitable and less stressful, a mini Importation business is one of them.
Have you ever wondered how come Jumia and Konga have lots of goods to display on their website, and all you do is order for a product online and they will deliver within the space of 3 to 7 days at your doorstep or even tell you to pick the product up from one of their local stores, the secret is importation business? They do the importation and display it on their website so that potential buyers can see and order.
The internet has made things a lot easier, that barriers that used to restrict people to have easy access to manufacturers located thousands of kilometers away have been taken away.
The interesting thing is that you don’t have to gather as much capital as Jumia before you start this business, you can start mini importation of goods with as low as N50,000 and you can be sure that you will make a good profit if you gather enough knowledge on this business.
Meanwhile, anybody can actually go into the business of mini importation, a Student, a housewife, an office worker, etc.
Mini importation makes it easy for entrepreneurs and small businesses to enjoy the same low wholesale prices that the big importers have enjoyed for a very long time.
BELOW ARE FEW REASONS WHY YOU AS A PERSON SHOULD GO INTO IMPORTATION:
Firstly, Only a little amount of capital is required, with as low as #50,000, you would be able to import goods into the country and bypass the big importers and go directly to the manufacturers to get what you can afford at a very cheap rate.
Secondly, there is a very high-profit margin.
For example, you can buy goods at a very low price from China and sell them here in Nigeria at a higher price. It can even be sold lesser than the amount many big stores sell here in Nigeria and still make a very high profit from it.
Lastly, there is no need to bother about the location of an office. With importation, you can work from home, you would not need to bother about logistics and the stress of moving from one market to another as the platforms provide systems that cater to logistics.
All you may need to plan ahead for is how you will pick up your goods from the logistics company whose address will be provided for you by the foreign country manufacturer.
There are various sites that can be used for importation, a few to mention are
* AliExpress.com. etc.
You can either chat with the supplier yourself or go through an agent that will help you buy the goods and deliver them to your location.
What you should look out for before going into the business:-
1. Identify people’s needs
E.g weight loss solution, stretchmark, Mouth odor, health issues, etc.
2, Get a product to take care of their needs or problem.
3, Sell the solution to them, that’s it and you are in the money.
That’s what the top people in society are doing, they see needs and provide quality products to meet the needs. n
So, how do you make cool cash?
1. By looking out for trending product
Trending Product means the product in vogue, that when you advertise it on social media it will attract the attention of many. You may need to check online, move around and follow some celebrity’s timeline.
Now place your order, and import, advertise it on Facebook, Instagram, and other social media platforms. As matter of fact, It’s best if you can create a new page on Facebook or Instagram for the business.
2. Search for products that have high demand
Search for products that are useful all through the year or products that are made for unique purposes like a fat burner, wig bags, waist trainers, etc.
Please note that every product demand depends on your location.
So, post your desire product on your timeline, Facebook, Instagram, and websites to see the number of demands each product will get.
It is important that you calculate the clearing fees and all other fees you may need to pay before finally placing an order for your goods, when you are done calculating all, see how much you can to the cost price of the product, if the price altogether is reasonable and affordable, you can then proceed to place orders.
Indeed, importation is one of the most lucrative businesses that are open to everyone who has a good knowledge of how to go about it and a good amount of start-up capital in hand. If you haven’t learned the basics of this business, it’s best you don’t venture into it at all to avoid regrets.