Mini importation is basically the process of bringing in goods or products from other countries, usually in wholesale or retail quantities, to sell in your own country.
Of course, there is more to the whole process than what meets the eye and that is what we will look at in this post.
We will also come to understand why and how mini importation is quite popular amongst small scale businesses and what is has to offer.
The reason many people today venture into the mini importation business is mainly because it does not require a large capital to start up.
As a matter of fact, here in Nigeria, with as low as NGN 10,000, a mini importer can begin a lucrative business, bringing in no less than six figure incomes in few months time.
Majorly in Nigeria, people import from countries such as China, United States, Turkey and Dubai.
READ ALSO: IMPORTATION FROM DUBAI TO NIGERIA
For instance, many importers source perfume oil and clothes from Dubai, beautiful Islamic and modest wears, designer shoes and bags from Turkey and China is for any kind of products you can think of under the sun, sky is your limit, though getting quality products is another case.
You have to do intense research to get quality products and hidden gems from China.
If you are interested in sourcing for products from Dubai, check out this particular post on importation from Dubai to Nigeria.
Let us look at mini importation in Nigeria and what and what you need to run a successful mini importation business.
What are the requirements?
Wanting to start a mini importation is all well and good, but before you venture into any business, you must ask yourself if you have the right tools to begin.
Do you meet all the prerequisites to running a mini importation based business? If you don’t know what the requirements are, fear not, we have got you covered.
Below is a list of the things that are essentially required to starting and running a successful mini importation based business.
- A device that can access the internet; it could either be a laptop, PC or even your mobile phone.
- As long as you have good and steady internet connection, you are on the right track.
- An email address that is valid.
- A traceable and valid home address, where your packages can be delivered (not compulsorily as you might decide to go and collect your goods from the shipping company instead).
- CASH; money is a strong influencing factor; you don’t need to have a lot; for as low as ten thousand Naira, you are good to go.
- To be on the safe side, if you do not have a PayPal account, you should do well to open one. Although this is not required in all cases, it is better to be safe than sorry. This account is best for buying products especially from countries like the United States).
- You can also open a bank account in the US using Payoneer. This process is completely free.
With all these things in order, you can boldly begin your mini importation business.
But first, let us take a look at how mini importation works in Nigeria. There are a few things that you will need to know if you are new to this business.
Mini Importation Business In Nigeria
In Nigeria, mini importation is widely recognized and even accepted as a major source of income for businesses of all scales, from small models to larger corporations.
There is usually a misconception that only small or cheaper goods can be ordered using mini importation services. Nothing could be further from the truth.
Many mini importation channels allow for the ordering of goods worth millions and hundreds of thousands which in turn can enable you to reap hundreds of thousands or millions in profit; you can sometimes earn as high as 200% (two hundred percent) in profits from a mini importation product worth millions or hundreds of thousands to get.
Nigeria has access to lots of mini importation channels and this has helped to even the playing field for all businesses that depend on mini importation.
The major country that Nigeria does mini importation with is none other than China.
This should come as no surprise considering that China is an industrial and commercialized country.
Many products coming into Nigeria today usually come from China and they do so through mini importation channels.
How To Import Goods From China to Nigeria
This segment shows how to carry out mini importation activities from China since it is Nigeria’s number one mini importation product supplier.
Let us look at some things that are needful even as you import from China.
- Understand your rights
The moment you register as an importer, you will become a courier. DHL deliveries and other shipping deliveries will be carried out by the companies.
Your sole responsibility is to get the package/ packages and have them delivered to your customers.
- Types and Source of Product
As a mini importer, you will have to take extra care to be sure of what is it you want to import.
To achieve this, you would have too to look at the needs or market demand in your sales vicinity.
Once that has been done, you would require a good source of supply. This is the trickier part, as most mini importation websites have a myriad of sources or suppliers from which to choose from, and choosing the wrong source can be detrimental to your business.
Luckily you can distinguish the good sources from the bad, based on their ratings.
- Clearing costs
As the importer, it is your responsibility to ensure that whatever product that you are importing to the country is not illegal or contraband.
You should take note of the ten-digit tariff classification for whatever item that you are hoping to import.
Doing this will allow you to be aware of how much you will pay in clearance fee for the products that are being imported.
CHECK OUT: MINI IMPORTATION CALCULATOR
- Tracking your good and transport
This is where the cost in mini importation rests. A significant amount of money is spent in order to transport your goods, especially from China.
You will have to keep an eye on freight related documents, such as; commercial invoice, bill of landing and packing lists.
READ ALSO: SHIPPING COMPANIES IN NIGERIA
- Arrival and receiving
After spending a few days in coming to Nigeria, your cargo would have finally arrived.
In this stage, you will have to wait for your package to undergo some inspection at the custom’s board and then if necessary, undergo quarantine.
After all legal processes are complete, you will now have the right to pick up your shipment.
A much easier method you can use is to use procurement companies that help in purchasing and shipping goods from China to Nigeria.
These companies handle everything for you till it gets to Nigeria, the only thing you need to do is to search for products they’ll help you to buy, pay them for the goods and importation and you go for collection when it gets to Nigeria.
Note that you’ll still be the one to find the goods you want to buy and research on the quality as they won’t be responsible for that.
Best Sites For Mini Importation
In Nigeria, there are lots and lots of mini importation sites online that are in use by importers all over the country.
There are however, a few sites that standout, which Nigerians have taken a liking to and have become the go to sites for Nigerians in this business.
This list is based on recent findings and research.
- New Egg
- Ali Express
- Ali Baba
- Ever Buying
- DH Gate
- IP mart
- Dino Direct
- Cellular Country
- Made in China
These are the best sites for mini importation in Nigeria we could find.
They are basically all the same, but what sets them apart is their standard and delivery speed.
Note, not all the sites mentioned on this list are the best for carrying out China-based importation; sites like Ali Express, Made in China, 1688, Alibaba, Taobao and Tmall, are the best for importing goods from china.
To find out more information about mini importation especially from China, check out Chuk’s post on mini importation secrets.
We sincerely hope that with this info, you can have been inspired to thrive in the mini importation business.