Alaegbu Michael 
I want to make you aware of the enormous opportunities in this industry, known as “mini-importation,” that many people are unaware of or are currently not taking advantage of in the right way.
This business is what I have done and am still doing personally. It is one of my several businesses and I make much monthly doing it.
People are making millions with mini-importation from home without a shop, without an office, without even moving from the comfort of their homes.
There are lots of women, who cannot support or contribute to their families financially because they do not have any daily or monthly source of income.
Lots of Nigerian men desire financial freedom but are not ready to push themselves.
Millions of Nigerian youths are trapped with their 9-5 jobs that cannot sustain them.
They say knowledge is power. However, I will be sharing with you the same information that has changed a lot of lives. What you will do with this information is what will count, you will either embrace it with all seriousness and determination or you will leave it to slide.
Remember, if you don’t push yourself nobody will.
Benefit Of Importation Business
This line of business thrives in Nigeria because our economy is not a productive type yet because we depend solely on imported goods to the extent that we believed that made-in-Nigeria products are fake, inferior, substandard, and of low quality compared to imported goods.
Most of our companies are not efficient in production due to many factors such as; unstable power supply, frequent changes in policy, and so on and on.
WHO CAN DO THIS MINI-IMPORTATION BUSINESS
For example, Mini-Importation business can be done by anyone;
1) A student: You will have an alternative way to get your pocket money or even assist in financing his/her education.
2) A youth corp member: You can start making money and may not need to look for a job after your service year.
3) A full-time housewife: You can assist your husband financially and also be able to attend to your family’s needs if financial assistance is needed.
4) Single Mum: You can take care of your family and give your kids the standard education they deserve.
5) An unemployed Person: You do not need to keep searching for a job, just use that energy and focus on starting a mini importation business with little capital and you will be glad you did.
6) Employed: Those who already have jobs but still need additional sources of income because my brother who doesn’t need extra cash in this country.
This is just the answer!
Importation business is a very lucrative business and has the ability to make you very rich quickly. Most of the big supermarkets and online stores that you know, this is what they do.
This is the secret Jumia and Konga vendors are using and they are making millions of naira every year.
What Is Mini Importation?
Its an act of bringing things(Goods) from one country into another.
Why Importation?
Being a Nigerian, for example, automatically means you are involved in this business, either directly or indirectly, because virtually everything we use here is imported, right down to the common toothpick.
See Also: How To Start Owodaily and Making Money
Where To IMPORT From?
You can import from China, Turkey, Vietnam, US, UK, Malaysia, Dubai, and Italy…
For the sake of this article, I would discuss only China importation.
WHY CHINA?
Some of you will wonder, can something from China be good?
Until I learned that over 80% of the products we use here in Nigeria were produced in China, I used to believe that everything from China was fraudulent based on our experience, but sincerely, with the recent arrival of Huawei, Techno, and the like, the story is not the same again.
Due to its favorable climate conditions and low labor costs, particularly for production, China has emerged as the world’s emerging economy. As a result, they can make goods at a lower cost.
Most manufacturing companies in the UK and USA have relocated to China to partake in this cheap production.
Terms Commonly Used In Importation
- RMB: RMB (renminbi) is the official currency of the People’s Republic of China.
- Procurement agents: They are responsible for buying products directly from the manufacturer in China or other countries.
- Yuan: Yuan is the basic unit of the RMB (renminbi)
- Logistics Company: Logistics companies help organizations plan, implement, and execute the movement and storage of products, materials, and services throughout the process. This might include transportation, shipping, warehousing, packaging, and security.
- MQO: Minimum quantity order
- Repurchase rate: Repurchase rate: This is the percentage of times an order is placed for a specific product within a specific time frame, typically calculated within 30/60/90/180/360 days of the initial order.
- Pre-order group: A group of people coming together to place pre-orders in an effort to outbid MQO and secure a favorable deal from the manufacturer
- WeChat: WeChat is a Chinese-language messaging app similar to WhatsApp that also features a translator and allows you to pay suppliers.
- Alipay: Alipay e-wallet is an app that allows users to save their debit or credit card details to the app and then use their mobile phone to make payments, instead of cash or a bank card.
What You Need To Begin Your Mini Importation Business
Actually, all you actually need to launch a mini-importation firm are items you already possess or can easily obtain.
In no particular order, here’s a list of all you will need to begin…
- A personal computer (PC) or mobile phone.
- Reliable internet connection (It can be a modem, Wifi, Mifi, etc).
- Valid Residential address.
- Valid e-mail address.
- A valid international passport or national ID card.
- Start-up capital.
Websites You Shop From In China
- Alibaba.com: is a B2B platform that caters for wholesalers. Products are cheap on the site but MQO is high.
- Aliexpress.com: Aliexpress.com is a global marketplace that, like Alibaba, enables users to purchase goods in smaller quantities from around the world. . You can even buy as low as just one piece of most of the items listed on the site
Things are more expensive on aliexpress.com than on Alibaba simply because it is a retail site.
- 1688.com
The “bàbà” of them because things are very cheap on these sites and yet you can buy most of the items there in small quantities. Most mini importers prefer to buy from 1688 because of its low prices and low MQO.
The website was created with the Chinese market in mind, which explains why it is so inexpensive.
Make sure you install a Chrome browser on your phone. If you are using a computer, click right on any portion of the website and an option of translating to English, among others, will pop up. Click on “translate” to English.
Funny enough, all three listed websites belong to Jack Ma, the founder of Alibaba.
