How to start import export business: Mini Importation
You don’t need to travel outside the country to start import export business. From your comfort zone, you can actually make things happen. This post shows you how to start import export business or mini importation. Before you can venture into this business, you need to have import export business ideas, as this will help you to progress faster.
Before we continue, let’s define some useful terms …
This is simply the importation of goods irrespective of the size from one country to another. Most entrepreneurs involve themselves in this business due to how profitable it is. Actually, with just $100, you can start importation business. All you need to do s to look for top selling products in your area and import them.
As the name implies, this is just the exportation of products from the benefactor to the beneficiary. Actually its mostly big organizations that go into this because of its high cost to start up. For example, some countries usually export fuel to their countries. There is no limit to what you can achieve, if you have the right import export agents, you can actually export your products to other countries.
This is the importation of goods which are small in size and light in weight. In fact, this is what a lot of people venture into due to its cost friendly. You can start mini importation with as low as $20. You should note that there is a difference between mini importation and major importation. In mini importation, you can import stuffs like android chargers, phones, clothes, accessories and many more while major importation you can Import large stuffs like cars, trucks, barrels of fuels and many more.
You can actually make huge amount of money from import export business if you know what you are doing. People usually think you must have at least $500 to start mini importation, no way; you can start little and make it huge. “A little drop of water makes a mighty ocean”
WHO CAN START MINI IMPORTATION?
Actually any one can start import and export business irrespective of your career if and only if you know how to balance things well. Weather you are a banker, lawyer, doctor; you can start mini importation business to add to your earning. You don’t need to open a shop or a company to start. Like I said from your comfort zone, you can start mini imputation.
THINGS REQUIRED TO START IMPORT EXPORT BUSINESS
- Import export business ideas
- Import export agents
- Funds to start
- Your hot selling products
- Logistics company
- A valid post office address
- Marketing platform (Facebook page)
Those are the major things you need to start a mini importation business.
HOW TO START MINI IMPORTATION BUSINESS
- Know what people need in your country
- Make your research on that product
- Get a valid post office address to receive your products
- Go to online shops and get those products
- Introduce your product to people who are interested
- Market your products online
- For you not to make too loss in this business, you have to import what people need but it’s not available or there is a high demand of a product in your area in there is little of no supply in that area. For good results, take surveys. Ask people what product do they need to survive but not available at the moment or there is a little supply of such products.
- Next thing you need to do is to make to make search on that product, get the current cost of the product and the cost to ship it down to your country. Also get the rate at which people n need it in your county and the location that is mostly needed there. For example you want to import power banks, you should know that it’s in the area where there is bad power supply, definitely, and they will be in need of a power bank.
- Next you need to get a valid post office address to receive your goods or you can contact any shipping company in your country that can help you receive your goods. If you are finding it hard to get a post office around you, log on to Google.com, put on your location and search for post offices around me. Now you will see series of results. If you have gotten the full details of that post office and postal code, move to the next step.
- Even though there are many online shops, I will recommend aliexpress. Because it’s very easy to order and you can actually track your order. Log on aliexpress.com and register, next search for the products you want to import; now this is a very critical area. Not all products that you see are actually of a good quality, so the best way to get the best is to filter your search results based on rating. A product with good rating signifies that customers have bought and used the products and has confirmed how reliable it is. For better efficiency, download aliexpress app.
After you have gotten the product you want, click on order and pay via your credit card or PayPal. Make sure your address is confirmed and correct. The good thing about aliexpress is the fact that they don’t pay sellers unless you have received your product.
- Now, we have assumed that your product has arrived and it’s ready to be marketed. Next thing is to introduce your products to consumers, dies that actually need it and find it useful. You can also go to shops that sell something similar and introduce your products. You might be lucky they will want you to be their supplier.
- The last thing you need to do is to market your products online. This is a very effective means of getting buyers for your products. Or can advertise on Facebook pages and boost the ad. You can share on whatsapp groups, share on forums with huge number of people and many more. Make sure you can deliver Nationwide.
Now I have just showed you how to start mini importation, this is just the beginner introduction to it. There are more to this, we encourage you to subscribe to our blog for instant updates because there are more to know about import export business.
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