Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,637,059 members, 6,167,682 topics. Date: Wednesday, 24 February 2021 at 07:04 PM

How To Get Around The High Naira-dollar Exchange Rate (For Importers) - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / How To Get Around The High Naira-dollar Exchange Rate (For Importers) (1088 Views)

GTB Exchange Rate For Today - Naira, Dollar, Pounds & Euro / Whats The Current Fixed Deposit Interest Rate For Nigerian Banks / Dollar Exchange(SOLD, THREAD CLOSED) (2) (3) (4)

(1) (Reply) (Go Down)

How To Get Around The High Naira-dollar Exchange Rate (For Importers) by runningback(m): 8:32am On Aug 30, 2016
The implication of a naira that now trades at over 400 to buy a dollar means that you need more naira to buy a watch today from East Asia than you needed last year, this means that prices for those goods after you import them would also rise, despite the fact that the purchasing power of the local population didn't change, this creates a recession, consumer spending falls, and it's harder to sell.

How do you get around this? Simple, sell your goods in countries with a strong currency, easiest of al the US. How? By using a fulfilment center.
Fulfilment centres are wharehouses that recieve your goods and fulfill customer orders on your behalf.
The implication is that you can be an importer selling your goods in the US right from your room. When I did this on a small scale I sent the goods straight from the factory to my fulfilment centre, I didn't even see the goods I was selling and I still made my money, but as I began to expand I had to begin inspecting the inventory myself before onward shipping to the US.

You MAY be able to get some information on Google, so you can go ahead and do your own research, that's ok, but if you want somethin you cant find on Google, contact me for my 80+ page report on how I do this.

What you would learn
- Where to find real manufacturers online, alot of Aliexpress merchants are middlemen, which means they sell at higher than factory price.
- Fulfilment centres that accept Nigerians
- If you have the money, an importers travel guide to china
- How to put your own company stamp on your goods. For example if you want to start a designer brand, you can create a logo and have it engraved on the watches you import.
- US marketplaces to sell your goods on.
- Among other things.

It does require a mid range investment, but it pays off really well, because your earnings would be in dollars, so when you convert back to naira to spend here, the weak naira actually is doing you a favor.
The price of the report is N3000.
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by Mathias2015(m): 5:12pm On Aug 30, 2016
You have something good up sleeve , let me give it a try
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by femexsp: 7:37pm On Aug 30, 2016
how do I go about it

1 Like

Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by runningback(m): 8:00pm On Aug 30, 2016
femexsp:
how do I go about it
Send me a PM or just email me directly olufemijohnson5@gmail.com
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by princex1: 1:29pm On Aug 31, 2016
guy am interested how do we start and also can we meet on whatsapp
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by bkknigga: 6:30am On Sep 17, 2016
runningback:
Send me a PM or just email me directly olufemijohnson5@gmail.com
I sent a mail. Please check and reply.
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by LiteKing(m): 11:23am On Sep 17, 2016
runningback:
The implication of a naira that now trades at over 400 to buy a dollar means that you need more naira to buy a watch today from East Asia than you needed last year, this means that prices for those goods after you import them would also rise, despite the fact that the purchasing power of the local population didn't change, this creates a recession, consumer spending falls, and it's harder to sell.

How do you get around this? Simple, sell your goods in countries with a strong currency, easiest of al the US. How? By using a fulfilment center.
Fulfilment centres are wharehouses that recieve your goods and fulfill customer orders on your behalf.
The implication is that you can be an importer selling your goods in the US right from your room. When I did this on a small scale I sent the goods straight from the factory to my fulfilment centre, I didn't even see the goods I was selling and I still made my money, but as I began to expand I had to begin inspecting the inventory myself before onward shipping to the US.

You MAY be able to get some information on Google, so you can go ahead and do your own research, that's ok, but if you want somethin you cant find on Google, contact me for my 80+ page report on how I do this.

What you would learn
- Where to find real manufacturers online, alot of Aliexpress merchants are middlemen, which means they sell at higher than factory price.
- Fulfilment centres that accept Nigerians
- If you have the money, an importers travel guide to china
- How to put your own company stamp on your goods. For example if you want to start a designer brand, you can create a logo and have it engraved on the watches you import.
- US marketplaces to sell your goods on.
- Among other things.

It does require a mid range investment, but it pays off really well, because your earnings would be in dollars, so when you convert back to naira to spend here, the weak naira actually is doing you a favor.
The price of the report is N3000.

am in
cmarketday@gmail.com
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by telim: 12:39pm On Sep 17, 2016
I don't know while alot of Nairalanders often provide there emails address to info marketers without verifying there claims wether is valid or not. Alot of info marketers earn money via the sales of ebook and not the actual methods that are provided in the ebook.
There is nothing special in setting up a dropshipping business the only problem is driving targeted traffics that converts.
If op earn from dropshipping he/she woun't have time to provide a working blue print in an ebook for stipends.
Op provide proof that you are earning from dropshipping and not try to milk others there hard earn money.

1 Like 1 Share

Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by runningback(m): 12:52pm On Sep 17, 2016
telim:
I don't know while alot of Nairalanders often provide there emails address to info marketers without verifying there claims wether is valid or not. Alot of info marketers earn money via the sales of ebook and not the actual methods that are provided in the ebook.
There is nothing special in setting up a dropshipping business the only problem is driving targeted traffics that converts.
If op earn from dropshipping he/she woun't have time to provide a working blue print in an ebook for stipends.
Op provide proof that you are earning from dropshipping and not try to milk others there hard earn money.
Who was talking about dropshiping?
Re: How To Get Around The High Naira-dollar Exchange Rate (For Importers) by runningback(m): 1:02pm On Sep 17, 2016
LiteKing:
am in cmarketday@gmail.com
sent a mail.

(1) (Reply)

How To Play Safe On MMM / Start Making Money With Just #1,000 / How Lucrative Is Battery Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 71
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.