Before we get into the thick of this article, it’s important that we understand the basics of buying and selling.

How is money made in the ‘buy-and-sell’ business?

Simple; you buy something (wristwatches, for example) at a low price and sell them at a higher price to make a tidy profit.

To increase the size of profit you can make, there are basically two options you have. You can either find a way/place to buy wristwatches at a lower price or look for customers who will buy them at a higher price.

This is how everybody in the retail (buy-and-sell) business makes money (profit). Buy low, sell high. It’s simple math!

To make sure you understand the opportunity we’re about to share with you, we shall use a quick illustration:

Let’s assume you are the owner of a small business that sells foreign-made wristwatches. You have a small shop in which you display all your lovely wristwatches for customers to admire and possibly buy.

Because you can only afford to stock about one hundred wrist watches at a time, you have no option but to buy from big importers who, because of their large capital, can buy thousands of watches from foreign manufacturers at very low wholesale prices.

Although you would love to enjoy these low wholesale prices too (which will increase your profits), you don’t have the kind of capital the big importers have. Even if you could buy directly from the foreign product manufacturers, it would still be tough.

Most manufacturers and suppliers have a Minimum Order Quantity (MOQ) requirement. MOQ is the minimum quantity of products a supplier will sell to you in order to make a worthwhile profit. This is why they prefer to sell to the big importers who buy large volumes (container loads) of their products. Since you can only afford a few hundred watches, most of the big overseas suppliers won’t want do business with you.

As a result, you are stuck with the big importers. The profit you can make in your business is limited by whatever price they decide to fix on the imported goods.

Thankfully, things have changed.

The internet has brought down the walls which used to restrict access to manufacturers located thousands of kilometers away. Improvements in transportation and logistics now make it possible for small businesses with little capital to import smaller amounts of stock at low shipping costs.

Finally, entrepreneurs and small businesses can enjoy the same low wholesale prices that the big importers have enjoyed for a very long time.

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At the end it still boils down to money, You re making 2million everymonth, one of ur student jus bought Toyota 2.5mil, yet it is 2Thousand naira that is 'hungrying' you.... lol