Starting a mini importation business from USA and UK makes it possible to hit 6 figures in 6 months of starting. However, that depends on if you are doing it right, getting products from cheap sources and using a reliable logistics partner.
It’s a great thing to have several sources of income. It does not matter if this is your first time attempting to start a business, you too can make lots of money shopping and shipping wholesales deals/discounts on giant online stores that sell products for as low as $2 to $10.
If you are just concluding NYSC, about to go for your NYSC, a stay-at-home mum, a student or a worker who needs extra bucks, you should read this article to the end as we reveal the secret to starting a successful import business.
Here’s a little story, the Shoptomydoor you see today started from a garage and today there are over 70 staff in USA and Nigeria. At a point it was just a dream, but today it is a reality. Now, it didn’t start with us having a 23,000 square foot warehouse as we have today, and yes, we had just 2 staff at that time. But look how far we have gone in 10 years. There are many other entrepreneurs who started small and are great today, it’s all about being consistent. So, are you sure you are ready?
Now, we are 10 years in this business, and we want to teach you how to make money in mini importation. Many think importation businesses are for the super-rich, government or companies that bring in container load of goods.
No, far from it. For every little item you buy it was imported or exported from one country to another. So how about you taping into this great profit-making venture?
What Do I Need to Start a Mini Importation Business?
Mini import business is one of the easiest and best ways of making extra income in Nigeria. So many people are aware that it is one of the fastest growing business opportunities, but people lack the knowledge on the right process and procedure.
In fact, millions of people would love to participate in the big sale such as the USA Black Friday, Summer Sale and all year-round sales but do not know how to about it, or who to partner with. This article will enlighten you on the technical know-how, so keep reading.
It’s no longer news, the world has gone global… all you need is a functional laptop or a mobile phone, an active email address and a minimum of N50,000 (Fifty thousand Naira).
Getting Supplies for Mini Importation Business
Yes, just that and you can connect with the world’s best merchant and suppliers online, any time, any day. There is no business you can’t start, without travelling from Nigeria, spending money on flight tickets, hotels, food and other itinerary that comes with travelling abroad to stock up a shop, boutique or super market. Save that money and invest it in your business.
In a recent survey by our team in Lagos Nigeria, we found out that lots of Nigerians if given the opportunity and capital needed, do not know what business to venture it. Well here is a few that are bringing in billions today:
- Auto parts
- Baby clothes
- Back to school items
- Electronics (Televisions, Home theatre etc)
- Food supplement and slimming products
- Gym equipment & Sport wear
- Mobile phones
- Maternity needs
- Super market supplies
Before starting an import business thorough research must be under-taken. With importing a product, you need to find your niche market. A research at this point is necessary, discover a need and find a solution, there are so professional that can conduct market research but as a small start it is advisable you do this yourself to save money
How Can I Get Cheap Hot Selling Products?
There are lots of products you can source from online stores. First understand that making profit in business is buying low and selling a little higher. Second, look out for quality, the kind of products you continue selling will attract the kind of customers you want, lovers of your brand will definitely tell more people about you. So go for low prices and high quality. I will recommend USA and UK online stores, that’s because you will get better quality compared to mass production from China. It is important you choose to stand out from the crowd, and you will get noticed for quality.
Don’t get me wrong here, China is one of the cheapest manufacturers in the world because of its low labour and production costs. However, big and popular brands, which include fashion and electronics produce their goods through factories and contractors based in China.
To ensure the quality of their products are not compromised, US and European countries set very strict standards which the Chinese usually comply with. That is why we advise you buy from US or UK merchants with good quality.
You are in an era where the internet has brought down the walls that restricted access to merchants and suppliers, there is a better and faster means of transporting goods, making it possible for small businesses with little capital to import smaller amounts of goods at low shipping costs. You no long need to import a full container load of goods to be an importer.
Finally, entrepreneurs and small businesses can enjoy the same low wholesale prices that the big importers have enjoyed for a very long time in the past.
Shipping from USA and UK Without Breaking the Bank
Gone are the days you spend thousands of Naira on your shipping cost, using major carriers like other major shippers. Shoptomydoor has a consolidation system that allows you save up to 70% on your shipping cost compared to the major carriers. Not only that, you will have access to ship items via ocean shipping to further reduce your shipping cost.
Acceptable Payment Methods by US and UK Merchants
There are over 80, 000 online stores in USA and UK. The best thing is that, you can make payment on them using your own bank cards (VISA or MasterCard). You can also register to get a PayPal account to shop. Although, there are only few stores that may not accept your bank card, Shoptomydoor personal shopper service can help you right away. Remember you do not need millions to start importing, products because these merchants can sell from 1 to 100 up to 1000 pieces of products depending on your budget.
But What If I Don’t Have Capital to Start a Mini Importation Business?
You may not have the capital, but can get people to believe in you or trust. They pay you in advance for products they need, you place orders and deliver to them on arrival. That makes you their personal shopper.
The personal shopper business is a rising trend, so many people are yet to tap into it. This business fits into any lifestyle. You could be a student, stay-at-home mom, unemployed graduate or worker in need of a side hustle.
Apparently, this is one way of getting busy and gaining profit from people who trust you. These could be your friends, family, associates or colleagues, simply identify their needs, source it and sell to them.
You are probably wondering how do to find or know a genuine supplier in USA/UK, right? Not a problem, Shoptomydoor can help your source, buy and ship. You simply call to tell us what you need, and voila, we will deliver to your door.
Although, importation business is not one you just jump into, Shoptomydoor is putting in 10 years of experience into teaching you the ropes of this business. Join us as we educate and guide everyone through the process, starting from our free webinar. Would you like to join our training? We’ll be glad to share with you the following, and lots more:
- The best online stores you can shop from to get high profit.
- How we can help you enjoy lower shipping rates for business only.
- Business ideas and tips that will get seven (7) figures in 6 months of starting your mini import business.
Did you found this article interesting? Please let me know in your comments. You can also you can suggest other topics you want more information on.