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Showing posts with the label Importation

Do I Need to Pay Customs fees on Every product That I Import

  you do not have to pay customs duties on every goods and product that you import. You only pay for huge ad bulky goods like cars, motorcycles etc. If these goods are as well labelled under the “gift” label, the duty fee will be free.   What is the Expected Time of Delivery for Imported Products? It depends on the kind of packaging technique the seller is using. Some techniques don’t take so much time, while others do. Hence, t he shipping company you chose to use also matters. Some companies like DHL, FedEx etc can deliver your goods in 4 to 8 working days, though this option will cost you.    Do I Need to Have a Physical Shop to Start Mini Importation Business in Nigeria? Consequently, most people get discouraged from venturing into the mini importation businesses because they don’t have a physical shop. You don’t need to have a brick and mortar store to start your importation business today. You can launch out today at the comfort of your home In conclusion, the ...

What is Mini Importation in Nigeria

  Mini importation is simply a small scale importation business. It is a legit business model where one can buy goods with small capital from other countries and sell in Nigeria at a higher price. Of course, mini importation doesn’t necessarily mean dealing with the importation of mini goods and products, as the name implies. Furthermore, to be successful in your mini importation business in Nigeria, you have to plan. Planning will not only keep you organized but from future failure. Having a laid down plan for your mini importation business is vital. This planning involves: Have a good budget for the kind of goods you’re going for. Sourcing for hot selling products Partnering with the right supplier How to handle the refunds Therefore, as a general rule of thumb, do not buy products that aren’t in high demand, so you can easily make profits.  This is very important in the mini importation business. T o Start Mini Importation Business in Nigeria Basically, below are the things...

How to Start a Mini Importation Business in Nigeria

  How Does a Mini Importation Business Work? To better understand the rudiments of the mini importation business, it’s necessary to understand its basics. The mini importation business is based on “buying and selling.” These goods are purchased from overseas and resold in Nigeria for profit. You are buying products mostly in bulk and reselling at a price to make a profit. 1. Select a Niche for Products This is a crucial part of the business. There are several niches to dive into in the mini importation business, and if you have the capital, you can start big by taking on multiple products to go into. There are several ranges of products to delve into such as electronics, clothes, furniture, etc. but for someone with low capital, you must find something that your capital can purchase and work your way up. 2. Source for Products After you must have selected a niche of the products, you’ll be interested in selling, you must find a supplier who will supply your goods. These days, findi...