Mini Importation Business in Nigeria- All you should know
Are you interested in Mini Importation but you don’t know how to start up and how the business really works?
Then you are lucky that you have come to this page.
Because in this article, we will be telling you everything you need to know about mini importation, how to start, how to import from different countries in the world specifically from China, how to market your products here in Nigeria, and other things that have to do with mini importation.
However, before talking about how to import from other countries to Nigeria, let us first of all look at what mini importation really is.
What is Mini Importation
Mini importation as the name implies is the business where you buy goods from other countries and import them to Nigeria.
With the purpose of making a profit by selling it either through online or offline marketing.
Why mini is added to the name is because you don’t actually need to buy a large number of goods.
It is a small scale business and one of its advantages is that you don’t have to travel all by yourself.
Just sit at the comfort of your home and place the order and it will get delivered to you.
How the Mini Importation Business Works
It is vital to comprehend the fundamentals of the small importation industry in order to better understand the rudiments of the business.
“Buying and selling” is the foundation of the micro importation industry. These items are imported from outside and profitably resold in Nigeria. You mostly purchase things in bulk and resell them for a profit.
One significant feature of the tiny importation business is that it may be started with almost any amount of money.
Why You Should Start Mini Importation
- Importing might be a part-time career for you while you continue to work full-time.
- With only one successful import, you can pay your whole year’s wage if you find the correct product and market (depending on what you earn anyways).
- If you have strong bargaining abilities, you can acquire cheaper things than your competitor. Even if you think the things are inexpensive, you are not obligated to pay that precise price. You may go even farther by haggling pricing with suppliers, which will increase your profitability in the long term.
- Because the more you explore into the industry, the more exposed you will get to different prospects in the tiny importation sector, some importers prefer to meet their financial goals on time.
Tools Needed to Start a Mini Importation Business
Below are some of the tools you need to have before going into the business of importing products and goods or you can say Mini importation.
- Laptop or Computer and Mobile phone
- Internet access
- A MasterCard or VISA card
- Substantial Capital depending on your choice of goods.
- An email address
- A physical location for the delivery of goods
Type of Good you can Import
- Wrist Watches
- Waist Trainers
- Slim Tea
- Body Shapers
Gadget/Electronics such as
- Bluetooth Speakers
- Smart Bracelet Wireless Headset
- Toilet Led Light
- Wireless Earpod
- Super Bright Led Torch Light
- Warm and Cooling Cup Holder
- Wireless Phone Charger
- Mobile Phone HD Projector Bracket
- Waterproof case for iPhone and Samsung Galaxy
- Flash Drive
- Selfie Stick
- Engrave Pen
- Waterlemon Slicer
How to Start a Mini Importation Business in Nigeria
1. Choose a product niche.
This is a critical aspect of the company. In the small importation company, there are numerous niches to explore, and if you have the funds, you may go large by committing to multiple items.
There are many different types of things to investigate, such as electronics, clothing, and furniture, but for someone with limited funds, you must start small and work your way up.
2. Obtaining Products
After you’ve decided on a niche for the things you’ll be selling, you’ll need to discover a supplier who can provide your goods. Finding suppliers has gotten much easier these days thanks to the internet. Several online retail shops provide a diverse selection of items that may be purchased and resold in Nigeria.
All you have to do now is find one, register with it, and start shopping. Alibaba, Amazon, AliExpress, DHgate, and other reputable online retail stores are just a few examples.
3. Purchase from a vendor
The next step is to purchase your items from your provider. Another important step to do is to choose a dependable provider. You want to be certain that the things requested are of high quality.
Reviews and comments from other consumers are a good approach to assure this. You may use the ratings and suggestions of other purchasers to help you decide whether or not to proceed with a purchase.
4. Pay for the Items
The final step in guaranteeing that your items arrive on time is to pay for them. Making payments for imported goods used to be difficult.
The procedure has gotten much more smooth these days, thanks to the internet and a debit card. Make sure you have enough money in your account to cover the cost of the items you’re going to buy. This is the only method to guarantee that your things will arrive on time.
How the Goods are Delivered
Free delivery takes a little longer. When selecting the free shipping method, your products will arrive within 20-30 days.
Premium or Express Delivery: In this approach, deliveries are made by third-party logistics providers, and products are delivered within 3-5 working days.
It is advisable to evaluate delivery costs alongside product costs, based on your product selection, and then choose the best delivery option for your items.
The actual location of where you want the products delivered is required for goods delivery. The physical address is where your products will be delivered. In order to ensure that your items arrive on time, you will be notified.
Marketing and Selling your Product
After paying through the process of searching for products, ordering, and getting them shipped to Nigeria
You now need to sell them, if you want to sell them online, you can create an e-commerce website and upload your products.
You can also utilize other already established e-commerce sites like Jiji, Konga, Amazon to upload your products and sell them.
After finding an online space to upload your products, you now have to move on to marketing them.
Some methods of marketing your products include
- Social media Marketing
- Word of mouth
- Handbills or flyers publicity
- Local Ads. e.g. Magazine, newspaper
- Internet marketing etc.
While trying to sell your products, you don’t need to worry able delivering them to your customers anytime you get an order.
There are logistics companies that can help you in the delivery of your goods to your customers, all you have to do is to partner with them.
below are some of the companies you can partner with
- Courier plus
- Austin Dispatch etc.
Mini importation business in Nigeria is a business that everybody can do,
It does not require educational requirements and any other requirement other than having the start-up capital, internet connection, and the right knowledge.