How to start and grow a profitable importation business
Do you want to know how to start and grow a profitable importation business in Africa, or you want to grow your existing importation business anywhere in Africa ?.
This article will guide you on the steps to take to receive your items at your doorstep stress free from overseas manufacturers or suppliers, at same time making profits after sales of your items.
With advancement in technology,Venturing into the lucrative importation business has gotten easier than ever.As a matter of fact,with little capital and effective online and offline marketing, you can start and grow your business within a short period.
What Do You Need To Get Started?
To get started and grow your importation business like other successful business owners who imports products at low wholesale prices directly from overseas suppliers
and manufacturers, you would need just the following:
(1) Your startup capital
(2) Your laptop or smartphone
(3) Internet connection
(4) Means of payment
(5) Valid home or office address
(6) Good and reliable shipping/courier services
(7) Your marketing strategy.
Where To Buy Your Products From?
Before purchasing products from a company or online store, you need to first make your research and read reviews on them to avoid being scammed. Therefore, while doing your research, look for only those companies which have been in business for a while. Additionally find out if the company offer a money-back guarantee or buyer protection policy with the products that they sell.
For Online shopping, The following websites are our top recommendations as online marketplaces that sell products at low wholesale prices:
Ebay.com , Amazon.com, dhgate.com, aliexpress.com, IPmart.com, Newegg.com, alibaba.com, 1688.com, Dhgate.com, Bestbuy.com, Dhgate.com, Dealextreme.com, Cellularcountry.com, Payless.com, dell.com, apple.com .
What Hot In Demand Products To Import?
There are some items that can make you good profits in no time. Some items are very hot and are highly in demand anywhere in the world including Africa. There is really no hard and fast rule when it comes to finding the best products to import and sell in your local market. You need to look out for trends in your local market. You need to have an eye for the kind of products that are in high demand in your area/country.
Import a sample of a product first and find out how many of your friends may be interested. Look out for products that already exist in your market that you can import and sell for at cheaper prices. There’s a lot of potential in this business if you can find the right products for your customers at the right prices.
The items you should import should be in either; Commodity Products, Consumable goods, Luxury goods, Unique Products, Goods that solve a particular problem that a lot of people will buy very fast.
How Can You Pay For Products?
When importing products from overseas manufacturers and suppliers, you can pay online using various channels, the most common online payment method is using your credit or debit card. But if you cannot make payments with the available payment channels on a website, IQ Express can assist you in facilitating your payments and even collecting and shipping the products to your doorstep at your home or office address.
With IQ Express, you can pay for your products in your preferred currency easily without hindrances. Contact Us for more information.
How will the products be delivered?
Most manufactures, suppliers and online stores ship their products for a fee to their customers location, and some products come with a ‘Free Shipping’ service to many countries around the world. While the free shipping option is very attractive, it often takes the longest time to get your goods delivered to you; usually between 15 to 60 days depending on the product and your location.
Some suppliers don’t ship their products to all countries, but with IQ Express services you can purchase products from any genuine supplier stress free, we can help you in collecting the products and ship them to your desired location between 4 to 7 working days from flight date. We are professionals in handling all type of goods and customer satisfaction is our priority.
How to find buyers and market the imported products?
You can get buyers for your products both online and offline. Some of the common methods used are
1. Market your products to your friends, colleagues, neighbours, relatives and acquaintances.
2. If you have a store, Interested buyers can walk into your store and make purchases.
3. Using social media like Facebook, Instagram, YouTube, Twitter etc.
4. Using available online marketplaces like konga, jumia, olx, jiji etc.
5. Creating awareness of your products on popular blogs and forums.
6. Using of banners and flyers to advertise the use and benefits of your products.