Nigeria
2018

5th - 7th September, 10:00-18:00
EKO Convention Centre

How to import a money-making product that keeps on selling

 

Everyone who imports aim to make big money via their import business. But as I see the real success lays behind the product you chose to import. It is extremely important to import the right product. The product should be in demand, ideally rare or too expensive in your home country, and be able to sell on a higher price in order to make money. Do not just import anything, that will be a waste of your money and there is no point of just having unsold items on a shelf for years. Therefore, be sure about what you want to import and always do your research before you start. I recommend the following 3 rules for someone who hasn’t decided or confused about importing the right products.

 

 

  • Find a Product You’re Passionate About

    This is very important. You are most likely to be successful if you chose a product that you are passionate about. Because if you order and sell a product that you aren’t passionate about or do not trust how can you sell it to a customer?
    It is a clever idea to continue with the same field you are currently working with in the beginning. Let’s assume you currently have a furniture store and you can examine your customers buying patterns and what do they request, as an example if you identify a certain wood that is not available in your home country and easily available in china making furniture from that material will give you more sales.When you follow your passion, it will get easier to find potential buyers, and knock your competitors down.
     
  • Chose a unique product you can sell for higher price

    The idea of importing is not getting the cheapest, poorly made, low quality items in a huge container and selling thousands of them to just to meet your ends. The price is always related with demand. If you choose an item which is unique, not easily available in your home country, you can sell them for a high price and increase your profit margin. It is different when you sell an item for $1000 and selling thousands of $1 items. In the first option it is easier to gain profit.

  • Chose a Product You Can Ship in Large Quantities

    Always aim to ship your products at a high quantity. At once, if you have to ship your products from china multiple times. You are not doing it right and you are operating in an excessive cost. And you also have to understand that shipping cost comes with multiple hidden costs. So always try to get your products in a single shipment. That will reduce the cost per product and you will gain more profit. Before you decide on what to import, do your research. Get to know what is trendy and what is not.

 

 

Category : Import a money-making product

 2017-07-04