Are you looking to launch a Mini Importation Company in Nigeria and don’t know how to start or where to start from?
In Nigeria nowadays, one of the most profitable economic ventures is mini importation.
Many have already acted long before now, having realized how profitable this importation industry may be. It’s interesting to note that you can launch an importing firm for as little as #30,000.
It all depends on how big and prosperous you hope to make your company. As a result, if you’re interested in starting a small import company in Nigeria, you should carefully study, comprehend, and adhere to the instructions in this article.
Mini importation is a sophisticated type of small-scale business that makes it simple and reasonably priced to purchase or import goods directly from manufacturers abroad. The majority of owners of small importation businesses purchase their items in nations like China and elsewhere where a variety of goods are manufactured in large quantities, import them into Nigeria, and then resale them to consumers.
Nevertheless, there are a few things you should own or understand before beginning a small-scale import business in Nigeria.
- A smartphone or personal computer with a strong internet connection
- Reputable address and phone information
- Agents to examine the merchandise
- A platform for business capital to purchase the items
- A venue for selling the product
- Make sure you have all the answers you need before starting a small-scale importation business. Prepare the items listed above, and then carefully follow the steps below to receive the finest advice on how to launch a successful small-scale importation business in Nigeria.
Steps On How To Start Mini Importation
1. Products to import
In actuality, this is the primary aspect of your small import company. The products you import will dictate your level of business success. Therefore, to determine what things people purchase these days and whether they are marketable, you will need to conduct some study. Visit any well-known e-commerce website and use popularity to categorize products that are in high demand to make this task easier for you. Here are a few product categories that you might be interested in importing. After it is finished, think about finding out how much profit you make from the products when they are sold.
- Electronic gadgets and appliances
- Computers, mobile phones, and fashion accessories
- Hair wigs and hair products
- Jewelry
- Cosmetics
- Clothing products and underwear
- Clothing accessories (shoes, bags, belts, caps, etc)
- Domestic and kitchen utensils
2. A platform to buy
When starting a Mini Importation Company in Nigeria, finding a platform to purchase your items from is the next step after deciding which commodities to import. The most recommended marketplaces to purchase things directly from manufacturers at discounted wholesale prices. A popular platform is Alibaba and Alixpress
3. Find a supplier
One of the main components of your small importing business is a reliable supplier. You wouldn’t want to work with a provider who lacks competence because most of them have poor communication skills and delayed response times. Additionally, you must carefully select a trustworthy supplier if you want to completely avoid being let down by a poor one. Here’s how you can approach it:
- To make your decision, you should evaluate the feedback left by previous customers who have purchased from the
- providers listed on the eCommerce website you want to use.
- Given that you will be purchasing things from overseas, you must make sure that your supplier is fluent in English.
- See if there’s a way to communicate all day, every day.
- Verify the quantity of completed sales.
- Determine whether the provider is in it for the long run or simply for the short term.
- Check to see if the supplier answers questions promptly.
4. Place an order and make payment
This is just another crucial step in the tiny importing procedure, which is one of the reasons you require a trustworthy source. Following your decision regarding the products to order and your selection of a reliable source, you must place your order and pay for the goods. You can pay using a dollar account or your local account. Make sure you receive an email from the seller informing you that your order has shipped and that your transaction was successful. Make a note of the product costs in your local currency and try to categorize the goods according to various factors like color, product category, sizes, minimum order quantity, weight, and many more.
5. Product delivery
There are two methods for product delivery in the small importation industry. This comprises:
Free Shipping: Although this option typically takes longer than other options—14 to 60 days—it will improve profit as most orders are fulfilled in 20 to 30 days on average. Hong Kong Mail Services or China Mail Air Post are two possible service providers. Try to provide your phone number as well. This is because they are always delivered to the post office that is closest to you. This makes it simple to get in touch with you when your package arrives.
Premium delivery: DHL, EMS, and FedEx are typically in charge of premium deliveries. Although it costs more than free shipping, it is safer and faster. Product deliveries typically take three to five days.
Even though free shipping is offered, you should be aware that, in contrast to premium shipping, tracking information may not be completely reliable.
6. Marketing of your products
When starting aMini Importation Company in Nigeria, you need to start selling your products before they come now that everything is set up and you are certain that your orders are being fulfilled. You can approach this in a few different ways, which are as follows:
- Social media marketing: Instagram, Facebook, etc.
- E-commerce websites like Jumia and Konga etc
- Word of mouth
Now that you know Mini Importation Company in Nigeria, are you ready to get a business plan?
How To Download The Mini Importation Business Plan Template PDF (with financial analysis)
If you need the complete business plan, follow the procedures to download it.
Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
Bank: GTBank
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Ac/No: 0238933625
Type: Saving
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the business plan in Nigeria to your email address where you can easily download it.
