Mini-importation is becoming one of the most common type of small businesses in Nigeria due to the flexibility involved in running it. Most of the people you find doing this business either have other alternative businesses or focus on this mainly as their source of livelihood
This is not because they don’t make enough profits from importing products from countries like China and selling them in Nigeria, because, quite frankly, mini-importers make as much as 500–700% in profits.
But the reason most people have opted to do multiple other tasks along with this business is because of the amount of time it affords them, and I’m sure you wouldn’t mind having this kind of freedom to make money from other sources as well while cashing out from this, right?
In this article, I’ll be showing you how to kickstart a mini importation business from scratch, how to carry out mini importation from China to Nigeria, the processes involved, Chinese sites for mini importation, and how to make as much as 700% in profits, just like the experts in this field.
What is Mini-Importation?
Mini-importation, simply put, is just a scaled-down version of the standard importation that you know about. Unlike the normal importation process that takes months and weeks for products like cars and large goods to arrive in Nigeria, this takes a relatively lesser amount of time.
The type of products that are mostly imported by mini-importers are high-turnover products that are easier to sell and wouldn’t take too long to market.
Importers mostly import products from popular Chinese websites and other websites in America.
Is mini-importation a good business?
Mini importation is a great business to start, especially if you’re young or looking for an alternative source of income. You could even import products and sell it as part of a new product offering.
It is very lucrative, with a high profit margin.
How much does it cost to begin a mini-importation business?
With as little as N20,000, you can start your own mini-importation business. All you have to do is ensure you have the necessary tools, like a laptop, phone, as well as payment options, and you’re set.
What are the requirements to start a mini-importation business?
Starting a mini importation business is easier than you think. Many people who are making huge amounts from this business today are doing so with the tools you already have at your disposal.
You might need to get some of the items on the list below; however, they won’t be difficult. The most amazing thing about this business is that you can do it from anywhere.
The requirements you’ll be needing to start a mini importation business are;
- Laptop or Mobile phone
- Internet connection
- Email address
- Domiciliary account
- Delivery address
- A virtual dollar card from apps like Kuda, Wallets Africa, Plumter and Klasha.
- Facebook or Instagram Account, JiJi account, Jumia or Konga account (for marketing)
- Logistics delivery agent
How to start a mini-importation business
Now that you’ve discovered the requirements you need to launch this business, the next important step is knowing how to begin operations, right? Here are the following steps to start a successful mini-importation business;
- Choose a product category
- Find a trustworthy platform to make your orders
- Place your order and pay
- Understand how long it will take to get your product delivered
- Get a client base
- Discover the best platforms to market your product
- Receive your orders and start selling
To discover more details on how to start a mini-importation business, click here or watch the video below;
What are the most trusted platforms to order products from for mini-importation?
There are many platforms to buy products, especially in bulk, from the manufacturers in order for you to resell here in Nigeria.
The top ones that however fall into this bracket are Amazon, Alibaba, AliExpress, DHgate, 1688.com, and other Chinese e-commerce sites
How can I be successful in mini-importation?
The key to succeeding in mini-importation is being smart and protecting yourself from scammers. There are a lot of fake suppliers on these Chinese and American websites, some even come with fake reviews as well.
Try to ensure that you only place your orders to legitimate suppliers, and on your part, be very business focused and don’t compromise.
As long as you keep being careful whenever you’re placing your orders and you don’t leave too much credit in the hands of customers, you’ll be fine.
What can I import and sell into Nigeria
There are a plethora of items that you can import and sell in Nigeria at this moment. You can decide to import;
- Bags and shoes,
- Phone accessories,
- Children’s toys,
- Clothing and accessories,
- Electronic gadgets,
- Household utensils,
- Design materials,
- Building materials,
- Plastics and chemicals.
The list is endless. Just make sure that you’re sure there’ll be a demand for whatever you’re ordering, and it’s also wise to consider how much profit you stand to make from it.
Deciding to start a mini importation business is a great move that will not only serve as a great source of income, but it can also serve as an additional source of income if you already have a job or a business.
If you need finance to help you launch a mini importation business, don’t hesitate to reach out to us, and we’ll gladly finance your business. To apply for a loan today, kindly visit our loan portal here.