How to start a used auto parts (tokunbo) imports business in Nigeria

The global economy has been greatly affected by Covid-19. Many businesses have shut down and many individuals have lost their jobs or means of livelihood. Consequently, many self employed people, entreprenuers and businesses are seeking new business opportunities regularly. Unfortunately, in the quest to improve their financial situations many people have run into fraudulent businesses and further lost more money.

In this short piece, we seek to share knowledge on the used auto parts importation business for anyone seeking to explore it as a means of income.

Why used auto parts (tokunbo) importation business?
- Market size has Increased by over 100% in the last 5 years
- High turnover and quick sales
- Good profit margin over time
- Consistent and growing demand
- Easy market entry
- Ready off-take buyers

Steps to entry:
- Research and determine what type of cars and parts you wish to deal in
- Get the buying prices of those car parts from the buyers at local Ladipo market
- Source for the cars to dismantle either through online auctions or private sellers
- Get reliable truckers for transportation to dismanlter
- Hire a reliable dismantler that can also load and ship your cargo
- Get a knowledgable clearing agent to clear your cargo when it arrives
- Determine a warehouse offloading point and inform buyers of cargo discharge
- Start selling once offloaded into the warehouse


Cut4parts is the foremost marketplace for wholesale used auto parts dealers.
www.cutparts.com
Email: info@cut4parts.com
Tel/whatsapp: +13067000551