The steps of starting a successful and profit pulling export business in Nigeria seems so daunting to some people. Well, with rightful information and guide, you'd never have a problem to start one.

Starting export business in Nigeria should begin with a proper research of your preferred or best choice of product. Nigeria has over 5,000 exportable products which is categorized into five. From Agricultural products to Solid Minerals, Handcrafts to finished goods and so on. All you have to do is to find the right product.

How Do I know the right Product

While almost all our exportable products are demanded in international markets, there are some that will sell or out-performed the other and that is why you will discover that product in the niche of Foodstuff, agricultural products are seriously making wave.

As an exporter, it is necessary to find out the following before you settle on it as your chosen exportable products.

1- Is the product available all round the year

2- Is it also Accessible - Accessible in the sense that, you can easily find it within the country and would not spend extra thousands in sourcing it from other countries, less you delay.


How to Decide on What to Export:

Examine trends: Every business examines trends, from fashion to investment bankers. Trends drive a business and it helps businessmen go into business with their eyes wide open. Before you go into a business, whether this particular export business or any business, in particular, it is important to know if it is something in vogue, something people are interested in and talking about and something that would sell. This is what people find out when they do a market survey. Luckily, at this time, the internet is there at our disposal and it would save a lot of stress to find out what people are saying.

Consider your passion: The place of passion in doing whatever you want to do cannot be overemphasized. When you have a passion for whatever it is you are doing, it will push you when the going gets tough. There is no need sugar coating it and making it look like it would all go smoothly. There is nothing worth having that doesn’t face challenges. But when one is faced with challenges, the motivation is usually the passion they have. So you might want to consider something you have a passion for.

Check the competition: This is in two ways. Although economists say monopoly brings complacency, too much competition also saps business. You do not want to trade in a particular product that has so many competitions except you are sure you are adding something new to it. Also, you would need to research your competitors (both international and local) so as to learn about them and see what you can do differently or how not to repeat their mistakes.

Make research: Check all the products and learn all you need to learn about them. This might take time but it is better time spent preparing than the time that would be wasted after all is put into the business. So make a list of all the possible products you can trade in and do extensive research on each so as to make a more informed decision.

Identify government/customs policy: Identify the import and export laws provided by your country and the country you would likely want to trade with. The customs laws on each of those goods would also help you make an informed decision on the product that is worth trading in.

Watch the Video below and to be continue.....


https://www.youtube.com/watch?v=1DdbGoioHJ0

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NiFad Farms & Foods Nig Ltd.

Specialization: Crop Production (Maize, Cassava, Plantain), Livestock (Catfish & Fingerlings productions) & Export.

Location: 2, Oke-ogun Street, Owo, Ondo state.

Call: 09068515601

Email: ccare@agrokits.com.ng or Nifadfarm@gmail.com

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