09/07/2022
Importation is one of the most lucrative businesses you can start without breaking the bank. Anybody can engage in the business.
What are the things you need to start the importation business.
Determination: Before starting any business you must be determined and ready for the business demand because business comes with a headache and if you are not determined to stay in business and grow it, you may give up easily.
An Internet-enabled device and Internet Connection: You must own an Internet-enabled device to start the business. It can be a smartphone, PC, or tablet. You are not going to a physical shop to buy your goods. You will be buying on foreign e-commerce websites and without any of these, you will not be able to do any importation.
ATM Card: Owning a personal debit card is required because you are going to be making payments with it. This is not a brick-and-mortar business—so no cash transactions.
Capital: You need to have some money that you will use to buy and import your desired product. You can start your mini importation business with as little as N10, 000 only.
Your Physical Address: Any product that you buy on the internet is going to be shipped to your address. You will be picking up your ordered products at the post office. If you don’t have a physical address, if, by luck, your products get to the post office in Nigeria, they will be sent to NIPOST Headquarters. Imagine the stress. But if you have one, you will just pick your products up at the nearest post office.
Valid Mean of Identification: This is what you will be using at the post office to claim your goods. Also, as you are progressing in your business, you will need to be importing more quantities of products. Some platforms limit the quantities of products you can buy except if you have some valid documents and the number one required document is a government-issued ID card.
An e-mail address: You need to have a valid email address to do mini-importation business—you will use it to sign up on online platforms where you will be buying your products.