Nigeriayouths20:
Before thinking of going into any business in Nigeria, you should know that the best way to keep your money intact and save is by saving it in the bank. If you now decide to do business with it, the amount of cash you decide to put into any business becomes a capital. Investing your capital into any business is investing your capital into a particular percentage of risk aimed at making back your capital with profit. There is no business on earth that doesn't have a certain percentage of risk but they are save when it is low and dangerous when it is high. You should also know that security is a major challenge when thinking of investing in Nigeria. With lack of security in Nigeria, the percentage of business risk is higher.
Nigeria is a country with 200 million population. The population is a strength to your importation business as you only need 10,00 or more customer in the country to make millions of Naira. Customers in Nigeria can easily be brainwashed and can even settle for good of lower quality as long as it is affordable. In Nigeria, one of the major strength of any business is little/no regulation on price fixing.


IMPORTATION

Minimum Capital - 40k
Importation is a good and huge business in country as we know that Nigeria depends greatly on importation. For this reason, there is always something to import. You should look around you, there will always be something that is domestically used and its not produced in Nigeria. To an importer, that is a good business. There are informations that you should know about that product you are interested in before going into importation.
Some of the things you must know are;
1, Knowledge about the product you are interested in.
2, The demand rate of the product in the market.
3, Where to get the product at the cheapest price with the same quality specification.
4, The position of law on the particular product.
To start importation with 40k in Nigeria, you will/must be buying your interested products online. One major challenge with online products is quality. The picture you see online has been photoshopped to make them look too great and attractive for you to turn down. 60% of this product turns different from the way you see them online. Another challenge of online stores includes high delivery/shipping cost. 90% of them overcharge on shipping outside the country they operate.
I will teach you how to minimize the cost of your importation and quality risk. To do online importation, you must know the country where the online store is operating and you must have a contact of a courier agent residing in that country. Courier service company in Nigeria have trusted agent working for them overseas. (for contacts of Courier agent in China, Bangladesh, India, Indonesia, Japan, South/North Korea, Uk, Ireland, Italy, Turkey, Germany, USA, Canada... contact me on email or whatsapp. I can't give out peoples detail in an open forum.. You can comfirm the genuineness of the agent from their offices around Lagos).
After deciding which of the online store you want to patronize, open the website and register; pick the items, add them to your cart/bag and checkout. On your shipping form/payment page, input the name and address of your courier agent.
Advantages of using a courier agent contact.
1, It will drastically reduced the cost of your shipping. Online stores around the world overcharge on shipping goods to other countries/continents. Reason is that these online stores use bigname courier companies and will also charge you for the service. The amount they will charge you per kg compare to using courier agents to extremely high. Everything5pounds.com charged me £22 to deliver four pcs of gowns worth £20. Delivering it to our agent will cost you less than £5 and the agent cant charge £7 to ship it down to Nigeria.
2, The agent will also confirm the goods and check the quality to decide whether or not to return it. If it is of low quality, the agent will reject/return it. This advantage alone keep your investment at the saver side.
After the agent confirm your prescribe quality, he will now send it through his company down to Nigeria. It will take 8 or more days for the shipping and clearance. At arrival, you can visit any of their nearest office to pay and collect your goods.
List of some online stores you can patronize
www.alibaba.com
www.aliexpress.com
www.everything5pounds.com
www.dollardays.com
http://www.toptenwholesale.com
www.lightinthebox.com
http://www.viatrading.com
https://www.below5pound.co.uk

www.everything5pounds.com
One of my favorite online store is www.everything5pounds.com. They sell trending fashion items at £5 or little less. They are a fresh and dynamic website that offers high street fashion for just one price. Yes! Everything on the website is priced at £5! Having established themselves as global leaders for Staged budget clothing, They are constantly pushing boundaries to bring trend-led clothing for £5. They stand ahead of other competitors for not only the affordable price they offer but also for the high street trends we provide.
Their stocks sell fast. Daily new arrivals keep the website constantly buzzing with fresh new styles. This gives their customers an enhanced shopping experience where they are able to choose from a variety of products.
With product been sold for £5(less than N1800), their stocks sell fast. Currently, they have over one million registered customers, who are testimony to the credibility they have gained in Staged fashion.
As a young graduate or entrepreneur who want to go into importation, this is a start for you. You don't need to worry about quality as their stocks are European specified
To minimize the cost of importation, read number two above.


If you are ready for importation (pls, if you are really ready); and you want to meet other aspiring importers and gather knowledge on importation, join their whatsapp group today by sending a whatsapp message to 08132179707 (37 slots available)