₦airaland Forum

Hi, I started doing mini importation business last year, I mostly bought things from aliexpress. Now the dollar is taking a huge toll on business, I have not made any purchase recently because I am afraid I may not make as much profit. Does anyone know where I can get things from very cheap , mostly fashion items and how to bypass this current exchange rate to pay for the goods. thank you.

ceecia:
Hi, I started doing mini importation business last year, I mostly bought things from aliexpress. Now the dollar is taking a huge toll on business, I have not made any purchase recently because I am afraid I may not make as much profit. Does anyone know where I can get things from very cheap , mostly fashion items and how to bypass this current exchange rate to pay for the goods. thank you.

suspend import biz at least 4 now

godoluwa:
suspend import biz at least 4 now

Suspending importation is not the solution.

ceecia:
Hi, I started doing mini importation business last year, I mostly bought things from aliexpress. Now the dollar is taking a huge toll on business, I have not made any purchase recently because I am afraid I may not make as much profit. Does anyone know where I can get things from very cheap , mostly fashion items and how to bypass this current exchange rate to pay for the goods. thank you.

This is the probably the most frequent question people ask about the Importation business at this moment but then the truth is that there is no reason why you should let the high dollar rate turn you off, in fact if for anything it should be a motivation to you. Do not be someone who considers every situation as a problem but one who sees an opportunity in every situation.
So let me put through how to get through this tough time
1) Make sure that check up with your bank before making payments, use only banks with low exchange rate. Stanbic is a very good option
2) Make sure to only import products that are very light in weight and are also hot in the market as this will help reduce your shipping cost
3) Import products that are very cheap and not expensive as doing otherwise will drastically drain you.
4) Except you need to get your products urgently, i will advice that you stay clear of express shipping and stick to normal shipping for now.

This are among the very great strategies you can use in engaging in the importation business profitably even in this period of high dollar rates.