If you have around N50,000 or more and you are looking for the best Business to start. This is the best business to start

What is Mini Importation?
Mini Importation is a business model where to order a product in bulk from a manufacturer usually in china at a lower price and then re-selling here in Nigeria at a profitable price.


Steps To Starting Your Mini Importation Business
1. Pick a Niche, Select A Product

Picking a niche is a very important aspect of dropshipping. It gives you an edge over other competition you may have. A niche is simply a specific type of product that would be useful to your potential customers but is not so readily available. This is why a bit of research would be very helpful. You can then find out the exact type of product that is best suited to your potential clients and what faction of them have enough buying power to purchase your product. Tools like Facebook Audience Insights, Google trends, and trending topics on Twitter and Instagram are good places to start. You should also take time to learn to use the tools properly.

2. Find A Supplier

The next thing to do is to find a reliable supplier for your product. You should try to find out as much as possible about manufacturers and suppliers that deal with the products you plan to sell. This way you can decide which one to go with. Alibaba and Aliexpress are the most used right now. They make deliveries in Nigeria and you can find a lot of quality vendors on the platforms. You will have access to information like delivery time and vendor rating.

3. Select A Good Platform



Now you need to select a platform where you will sell your products. It is best to select one that you are comfortable with to start with. Platforms such as WordPress and Shopify allow you to create an e-commerce website where you can sell only your products. Here you will be able to design your website to your taste and specifications. Another way to go is by using already available platforms like Jumia and Konga to sell your products. It is easier to set up your store on such platforms but of course, there is a percentage you have to pay.

4. Market Your Products

As with any business you need to make sure you market it properly. Your efforts would be wasted if people don’t know about your amazing product. Take to try the channels where your potential customers spend the most time, that could be Facebook, Twitter, Instagram, or WhatsApp. Within a short time, you should be able to gauge which channel your customers respond to the most.

Your marketing efforts are very important because to a large extent, they determine how much you make after a full business day or week. You should run your campaign on multiple channels simultaneously to give you the best chance. This is another place where solid product selection comes into play. For instance, if you have selected a relatable product such as wristwatches for men and/or for women you will have a much easier time marketing them. Good brand watches go for about $17.99($18.00/N6525.00) on Aliexpress (you should compare prices on other platforms also). When you include standard shipping costs of about $2.57(N931.62), the whole purchase will cost you about N7456.63. You can market this product for N9,000 and include a shipping cost of N1,500. If you can sell 5(five) units a day, you are looking at a profit margin of over N15,000.

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