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Mini importation business is one of the most sought after online businesses in Nigeria. Moreover, because of the benefit and profit potential embedded in this business, smart entrepreneurs are looking forward to tap from this industry.
Nigerians love to patronize foreign brands because of their quality and stylishness. We also, import products that we are not capable of producing locally, making mini importation to become profitable.
Image going into international market with less capital and in return, earn high profits because of the high local demand for foreign goods. This is how attractive mini-importation is. however, one has to be knowledgeable about choosing the right product, selecting a competent supplier, meeting import regulations and financial requirements.
Mini importation is a business activity which involves buying of lite items for instance, jewelries, deodorant, fashion accessories, phone and computer parts from manufacturing countries like China at cheaper rate and then, sell them locally at high prices.
It is a rewarding business model that allows one to break into international market with little capital through the service of ecommerce sites like ebay, Aliexpress, Amazon and others.

The process of starting mini importation business is quite easy provided you have a laptop, smart phone, good network connection, international payment platform, traceable home address, active email, good knowledge of the internet, import regulations and custom duties, with as low as 100k startup capital, you are good to go.
Next, you can source products from platforms like Ali express, shein, 1688.com and others. And within few days, your products are delivered to you in your house. Afterward, set up potent marketing strategies to sell them to your friends, family members, colleagues and others. You can also setup online store for your business.
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The following crucial steps must be taken when starting mini importation business;
E-commerce sites or suppliers are going to offer multi products that can easily get you confused. However, it’s your decision to select from the choices of product made available. It’s advisable to choose a particular product or few products you have good knowledge of that you can easily sell.
There is no sense buying products that are very affordable and enticing but has poor success rate. Instead, go for that ones that has high demand within your business or service area.
After deciding the niche you want to specialize on, then, proceed to Corporate affairs commission to backup your business legally. This is because, business registration is imperative when importing products as well as conducting operation of your business locally.
To partner with foreign suppliers, you will need to provide proof of your business, that’s to ensure, they are not running into scam or transacting with machines and with that, you will comply with rules and regulations.
Choosing the right supplier needs critical research because, some suppliers are incompetent and can definitely jeopardize smooth running of your business. However, find suppliers that communicate effectively, reliable to ensure shipping and timely delivery of your goods
These skill sets are very essential for the success of your business, getting the right suppliers depends on your choice of ecommerce sites. Nevertheless, some popular and recommended ecommerce site from experts are 1688, Dhgate, eBay, Aliexpress.com, Amazon.com, Rakuten.com.
Having a sound budget is nice to avoid frustration and rising of unexpected cost. Your budget should cover the cost of products, shipping fees, custom duties, and the the cost of transporting them to your business or service area.
At this point in time, after scrutinizing and choosing a supplier, make a comprehensive budget, then select the products you will like to sell. You will have access to thier product catelogue where you can make your choice. Everything can be done online right from your comfort zone.
Afterward, proceed to make payment and pay for the products selected. Ensure to have international payment platform like PayPal, Payoneer or any supported payment platform in your country.
Partner with experienced clearing agent, keep abrest with shipping quotes, prepare for all the paper works to avoid delays as soon as your goods arrive.
Once your goods get to you, the next step is to ensure you sell them. This requires effective marketing strategies.
Some of the strategies to make sales include;
Consistently advertise your business through flyers, business cards, t-shirts, caps, paid social media ads etc depending on your target market.
We all know the impact of social media, website, email on small and large businesses. Don’t be left out. Set up professional social media pages, emails and website, then engage with your audience consistently.
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Take your product to where prospective customers are, and convince them to buy from you. You can as well tell your friends, relations, course mates, colleagues, church members, neighbors, family members about your business.
Mini-importation business is a profitable business that can give you considerable income provided you have the required skills, knowledge and startup capital.
The profit potential is huge because of our taste and preferences in Nigeria for foreign goods, also these portable items are very affordable in foreign countries because they have advantages of manufacturing them over us.
However, to avoid frustration in mini importation business, always start small and build your network with those who are involved and have sufficient experience. With time when you get conversant to the business, you can begin to expand your mode of operations.
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