As the title signifies – Importation business simply means buying products from overseas at a relatively cheap price and resell it at a high price. It simply buying and selling.

In addition, Mini importation does not necessarily mean small importation. It all depends on the size of your pocket. You can import products as high as 10million and resell it to make over 200% profits.

STEPS IN IMPORTATION:

Step 1. Source for Products

The first thing you need to do if you want to embark on this journey is to source for your product. Here is what you should know. Most of the supplier’s website are China-based.

You probably might be thinking why China? Well, China is the number one source for hot and fast selling products around the world.

Step 2. Buy from Reliable Supplier

This might be the most important part you shouldn’t take lightly. Like I said earlier that Nigerian’s government are to be blamed for lack of restriction placed on China inferior goods.

Step 3. Paying for your Products

In the past years, this used to be the hindrance of venturing into importation business. This is because there are no easy means of paying it’s always a long procedure.

But thanks to the internet everything is now made easy. Back in your house in Nigeria, you can make payment for products in the US or anywhere around the world. It’s that easy.

Step 4. Product Delivery

Product delivery usually comes in two ways. This includes:

• Free Shipping – usually slow but increase profits (between 14 to 60days) but most time it’s usually delivered between 20 to 30days. The service company can be China Mail Air Post or Hong Kong Mail services.
• Premium delivery – these deliveries are usually done by DHL, EMS, and FedEx. Although it might be expensive compared to free shipping but its always faster and safer. (between 3 – 5days)

While the free shipping may be free you should know tracking it might not be entirely accurate compared to the premium shipping.

Step 5. Market Your Product

This is by far the most important aspect of the business. It’s one thing to successfully order your product and it’s another thing to successfully market them. Nobody is going to know about your products unless you take it to them.

Step 6. Sell your Product and Make Money

Finally, once you are done with the marketing, obviously potentials buyers are going to start rushing your way if you’ve done a good job.