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This article you are about to read will be the best write up ever, you will be reading on starting a profitable online business.
I’m going to show you in details all the steps you need to take inorder to build a successful Mini Importation business.
In simple terms means an online store.
That is instead of having a brick shop where buying and selling happens physically, an online platform which could be a website, social media pages, a WhatsApp wall, etc. are the stores where this transactions takes place.
An E-commerce platform is usually of two types we have the B2B (Business to Business) type and B2C (Business to Customers) type.
Example of B2B are Alibaba, Amazon, etc, they sell to retailers while B2C example are Jumia, Konga, individual Instagram or Facebook page, Twitter page etc., they sell to customers directly.
E-commerce business could take any form, such as Mini Importation, dropshipping products, or selling your own manufactured products they are all different from each other. I will do justice to his in my next article.
But today I will be explaining to you Mini-importation business and how you can get started.
Just like you were taught importing and exporting of goods in business class, you will be applying the knowledge here Now.
Mini-importation is simply importing HIGH DEMANDING products from one country to another country.
Usually the product is gotten at a very cheaper price in the exporting country and sold at a higher price in the importing country.
For instance airpod cost 1200–1500 from China and it is being sold within the range of 5500 to 6500 in Nigeria. Another good news is that many suppliers and manufacturers also handle the shipping fee so making everything to be highly profitable.
Mini Importation is a business for all categories like college students, fresh graduate, serving youths, sit at home mum and anyone interested in making money online
So in Mini Importation, you will contact the manufacturer or the supplier of the airpod in China, buy few of it, ship it to Nigeria and come to your online store which could be your site or social media to sell it individually at an higher price.
This is a very lucrative business as it can easily make you reach 6figures in few months without putting much stress, Just have a full knowledge of how the whole process works and you are good to go.
Hard work doesn’t means stressful, strenuous work but working smartly, you can be smart choosing a career like this too or even choosing it as a side hustle.
SOME OF IT’S BENEFITS ARE;
1. It doesn’t require big capital to start.
Don’t let any body deceive you saying, “Mini Importation doesn’t require any money to start” No it does. It is different from droppshipping.
But Rather I will say that you can start with just little amount of money, all you have to do is to be out for products that are high in demand or hot selling products but aren’t too expensive.
I’ve seen a case whereby a product of N200 (33yuan) from China was sold for 15k in Nigeria.
The mistake that most people make is to start with very expensive products and this is why many easily give up on the business.
2. Mini Importation can serve as a side hustle for you while you maintain your Primary Job.
It is a business you can start without abandoning what you are doing before, once you understand the nitty gritty of the business.
It is also a job for all categories of people like students, young graduate, youth, sit at home mum and anybody that want to make money online.
3. It doesn’t require any special skill to start.
Once you can read and understand everything I’m sharing in this article, bargain with your suppliers and able to set up your marketing channel properly you are good to go.
4. Requirements to start Mini Importation are very easy to find.
1. Email Address
2. Smartphone or a Laptop or Desktop with internet access or good network
3. Your Address to get the products shipped to you.
4. Platform to purchase products(Supplier or manufacturers)
5. Platform to sell the products such as Facebook and Instagram.
6. Then Your start up capital.
Mini Importation is a very real highly profitable business, hence the magnitude of the money you put into it will determine your profit margin.
Before you venture into the mini importation business, make sure that you have gotten all the above-mentioned things ready, I’m sure you have everything self😄
The next thing is to carefully follow the steps below to start your mini importation business and sell like a pro.
Firstly, you need to make a proper research, pick your niche and product to sell.
Don’t make the mistake of start selling any products, you may go out of business that way.
You should do proper research on the product or products that people are buying often.
ways to do research includes;
going to other e-commerce platforms such as eBay, Amazon, Jumia and searching for the most popular products
Goggle searching on the list of products that are selling well.
But the most effective way is to get the products that are doing well from someone who has been into Mini Importation for some years. It will save you from trial and error or testing products up and down. You may get that in this page
Next, You Need to Get A Supplier.
We are beginning to get to the technical part of the business.
Outsourcing for products is very simple and can be done within few minutes, but when it comes to getting a supplier or buying the product to your store, that is where the technicalities lies
The reason is that you can easily get scammed buy fake people.
Moreso, you might fall victim of buying from retailers instead of suppliers or manufacturers which will lead to buying the product at a relatively higher price than the supplier will give it out.
It may also affect your delivery process, so you have to be very careful in chosing a supplier.
Some best platforms where you can get reliable suppliers and manufacturers includes the following;
Never go on search engine to look for best suppliers else you might be scammed. Even some suppliers mess up sometimes on the aforementioned sites.
That is why,
The best way to mitigate having issues with suppliers or having your products delayed is by getting list of trusted suppliers and manufacturers from someone who is already into Mini Importation and have imported goods from them several times. You can get some here.
Make an order and payment
This is another very important aspect of the business and one of the reasons why you need a trusted supplier or manufacturer.
Once you have made up your mind about the products to order and have gotten a trusted supplier, then you need to place an order for the items and make payment for those items.
There are many suppliers and manufacturers whom you can use their websites to order your products, Just make sure he is well recommended and have track records of keeping up with delivery time inorder to avoid any messes.
Payment might be done using your local account, or a dollar account.
Ensure you get a message from the seller about the success of your transaction and the shipment of your order.
Take note of the prices of the goods in your local currency and also endeavor to identify different categories of the goods such as color, product type, sizes, minimum of order, weight, and many more.
Delivery of products
Your products have two methods by which it could be delivered.
Free Delivery or Free shipping:
This process takes longer time, it is usually about 20-30days when using the free shipping method. Many suppliers and manufacturers offers Free shipping on their products.
Premium or Express Delivery:
Here deliveries are done by external logistics companies and take within 3-5 working days to deliver your products to you.
Ensure you calculate the cost of deliveries along with the products, depending on your choice of goods, or niche and it is left to you to choose the best option of delivery for your goods.
Goods delivery is why a physical place where your products will be delivered to is necessary.
It’s might be your house address or anywhere you choose. You’ll be contacted in other to ensure that your goods get to you.
Marketing your products
I believe this isn’t the last thing you are planning to do, It is verily indeed among the first thing you should do before making payment for your goods.
Great Gary Halbert “said that you don’t create a product and start looking for the market to buy it rather you look for a hungry market and then you sell to the market”.
So marketing your products commenced immediately you determine the product, you will starting selling.
If you pick the right market you won’t have hard time selling your products.
You need to start marketing your goods before they arrive. There are several ways you can go about marketing your products and they are as follows;
Social media marketing: Instagram, Facebook, etc.
Ecommerce websites like Jumia and Konga etc
Word of mouth.
As a beginner in Mini importation business, you should be careful not to start with expensive goods. Ensure that the product you are buying is an affordable product that can be sold easily, and you will be able to make your profit back.
As time goes on, when you must have gotten a good number of existing customers, you can introduce preorder, whereby, you get pictures of the products from the e-commerce website you use or the supplier, and post them on your page for your customers to preorder.
I recommend that you to get a book written by Melody, Title “10X E-commerce business”
The book is a done for you package that save you the stress of looking for profitable niche, good suppliers, good customer, running ad’s and lots more.
As he will give you different list of hot selling products, and their reliable suppliers, and strategies to get reoccurring buyers and many more you can get the book HERE
Follow me here on medium as I will consistently put out article on different profitable online businesses and ventures.
Thanks for reading through.