2sexycom: Well, generally, most people focus on light weight products. The reason is very obvious... it is cost much less for light weight products during shipping. The higher the weight, the higher the cost of shipping. It is that simple.
You don't have to know how many piece I deal on as that makes no sense IMO... it is best to start with what you can cope with. Basically, I usually start by TESTING... at this stage, I usually import just a few pieces. Once I confirm the demand, I go back and import a lot of it. Start small and scale up. It is manageable that way.
Reasonable profit has to do with your pricing structure. You can decide how much profit that you would want to make . I made a profit of 5k for each product sold. 5000x100 = 500,000. With aggressive marketing and FOLLOW UPS on the phone it is possible. you don't have to be lazy. Take note of the caps... I say this because you will experience some popping disappointments if you do not follow up. This is because of courier companies in Nigeria who employ lazy staff with bogus lie. They lie that the person was not reachable but they NEVER called on delivery of the products and so, they had to return the products back. So what do you , you pick up the phone can call your prospects to confirm the status of delivery. In most cases, they buyers often told us that they never called or came to deliver the products. It sucks
But then, Nigerian factor will always have its spot the in scheme of our existence in this country.
It may amaze you to also know that some other guys make as much as 2-3M per month in this same importation. One guy did over 25M this year. but they didn't start today. it was a gradual process. Which delivery agent do you use here in Nigeria? Are they reliable? In terms of payments, do they remit as at when due? Please I need answers to these questions. I know lots of us would learn from this too...anyone with solutions could answer. Thanks |