What You Need To Know To Start Mini Importation

In this article, you will learn the step-by-step guide you need to succeed in a mini-importation business.

What Is Mini Importation Business?

A mini-importation business is a simple type of business where someone buys a product from overseas at a cheap price and re-sells it at a higher price for profit.

At the moment, most people deal with Chinese companies because they tend to have varieties of products that can be gotten at a relatively low price.

Usually, a lot of people see the mini-importation business as a small-scale business. But, on the contrary, you can also import a large number of products depending on your capital.

Hence, a mini-importation business is for people with low capital and also for people who have a huge capital to invest. You can decide to start with as low as N20,000 or as high as N10 million.

Until recently, only a few companies with large capital commitments engaged in the importing market. Fortunately, the development of the internet and technology has made it possible for anyone to operate any kind of business. There are no upper limits to what we can do because we are not limitless.

What You Need To Start Your Mini Importation Business
Actually, all you need to start a mini-importation business are things you already have or can get at just the tap of your finger.

In no particular order, here’s a list of all you will need to begin with.

A personal computer (PC) or mobile phone

Reliable internet connection (It can be a modem, Wifi, Mifi, etc)

Valid address where your products can be delivered to.

Valid e-mail address

Start-up capital

Why You Should Consider A Mini-Importation Business

Being an importer can serve as a side hustle for you while you maintain your full-time job.

If you choose the right product and select the right market, you can cover your one-year salary with just one successful import (depending on what you earn anyways).

You can get cheaper products than your counterpart if you have good negotiation skills. Even if you consider the products cheap, you don’t necessarily have to pay that exact amount. You can go further by bargaining prices with the suppliers and in the long run, improve your profitability.

Some importers tend to reach their financial goals on time because the more you venture into the business, the more exposed you will become to several opportunities in the mini importation business.

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