The Basics Of How To Start A Mini Importation Business In Nigeria

Mini importation business in Nigeria

In one of our articles, we previously talked about importation business in Nigeria. Today, we will be writing about mini importation business in Nigeria.

Mini importation is a small scale importation business that can be done from the comfort of your home where goods can be brought in a small scale and sold with a lot of profit.

In this article, we will be showing you how to start a mini importation business in Nigeria, how to choose the right category, and where to get your goods from a reliable manufacturer at the right price.

After importing goods, many wish to know how to sell their imported goods in Nigeria and who to sell them to. All these will be discussed in this article through our faqs.

What Are The Things I Need Before Starting A Mini Importation In Nigeria?

For you to start a mini importation business in Nigeria, you would need the following:

1. A very valid email address
2. Access to internet
3. You will need a good laptop or smartphone
4. Digital address of your office or home (This is where you will receive your ordered products)
5. MasterCard or VisaCard for online payment
6. PayPal account (though optional)

You should also have a minimum of ₦100,000 startup capital in your bank account before thinking of starting a mini importation business.

What Are The Best Mini Importation Business In Nigeria?

There are so many categories under the mini importation business. However, below are the best mini-importation niches that are very profitable:

1. Household product
2. Fashion products
3. Baby products
4. Phone Accessories
5. Electronics
6. Furniture
7. Computer Accessories
8. Health and beauty products
9. Office equipments
10. Security gadgets

If you want to start a mini-importation business, the above categories are the best parts of mini-importation to consider.

How Profitable Is Mini Importation Business In Nigeria?

The mini importation business is very profitable because the profit percentage per product can be up to 70%. Moreover, the mini importation business is one of the surest ways of earning extra income in this era.

What Are The Challenges Of Mini Importation Business In Nigeria?

The mini importation business faces some challenges which range from high cost of advertising, competition, getting fake products unknowingly, or receiving the product in bad condition.

Nonetheless, these challenges shouldn’t discourage you from becoming a mini importer in Nigeria. Instead, they are meant to educate and prepare you to be more careful and also know how to handle such issues when they arise.

What Are The Benefits Of Mini Importation Business?

1. Mini importation business has a profit percentage of more than 70% per product which makes it beneficial to those in the line of business.

2. Another benefit is that it requires low capital to get started.

3. Unlike the main importation business that requires large import procedures, the mini importation is less simple in procedure.

How Much Does It Cost To Start A Mini Importation Business In Nigeria?

You can start a mini importation business with as low as ₦100,000 on a small scale, and as high as ₦10 million if you intend to start it big. Therefore, the cost depends on how much you can afford at the moment, but it can’t be less than ₦100,000 if you want to make a tangible profit.

How Can I Start A Mini Importation Business From China To Nigeria?

First, you will need to identify the fastest-selling product in Nigeria. After that, you establish a solid business plan that will include your target audience, how you wish to operate your business, marketing strategies, your expenses, and your revenue expectations.

Secondly, look out for the topmost recommended Chinese online marketplaces that sell your chosen products at wholesale prices. Meanwhile, some of the Chinese online marketplaces are DHgate.com, Aliexpress.com, and 1688.com.

Aside from finding a reliable online marketplace, your biggest concern should be about buying quality products and marketing your product. That is why it is very important to have different marketing strategies and Facebook Ads, Google Ads, and Instagram Ads shouldn’t be ignored.

Lastly, for you to start a mini importation from China to Nigeria, it’s important to have good access to the internet, a standard smartphone or laptop, and most importantly a digital address. This will however aid in the smooth shipping of your products.

How Do I Start A Mini Importation Business In Nigeria?

Are you wondering how you can start a profitable mini-importation business in Nigeria? Then follow the below steps to get started:

1. Choose The Product You Want To Start Importing: This is the first step of the mini import process. You have to identify the products that are in high demand. More so, you should be concerned with the market size of the products, the products/shipping cost, and how fast they sell.

2. Get Suppliers: You can get suppliers of such products using online directories. Moreover, there are top suppliers of mini import products like Amazon, 1688, Alibaba, DHgate, AlieExpress, iPmart, etc.

However, to start placing orders or shipping from any of the online marketplaces, you need to become a registered member by signing up. As soon as your registration is complete, you can start adding the products to your cart and start shopping.

3. Shipping Your Products: After adding the products to your carts, the next is to make payments for the product and shipping. Nevertheless, it is now very easy to make payments using PayPal, your credit/debit card, and through direct deposit, as many reliable agents specialize in this field.

Also, the listed online marketplaces have “buyer protection” linked to the payment process. And for this reason, your data is protected.

After making the payment for the shipping, your goods will be shipped as per your request. And you will be able to track your goods with tracking orders given to you by your suppliers. It will help you know the status of your ordered products.

Furthermore, your ordered goods may be delivered to your provided address or the nearest post office. Regarding this, it is advisable to include your active mobile phone number in the shipping address option to prevent your goods from getting lost.

4. Start Marketing Your Products: Once your product arrives, marketing is an important aspect that plays a vital role. So you can market your products using the traditional method which involves billboards, word of mouth, and broadcasting. Or you can use Facebook Ads or Instagram Ads to market your products and get more customers.

Conclusion

We believe you have learned something about the mini importation business from this article. However, this article is meant to encourage you and give you a wide knowledge of how to become a mini importer in Nigeria.

It is therefore important to start with little capital till you master the path and get your desired profit.

Ambassador Victor Chidera
Ambassador Victor ChideraAmbassador Victor Chidera is a business consultant, writer and a blogger. He provides lots of professional and expert advice to small businesses, entrepreneurs and organizations. He has many years of experience in business, teaching field, and research work. And his aim is to provide business articles that matters to you both nationally and internationally.
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