In this blog post I will be showing you how to start an e commerce business from scratch and make 10x profit even if you are a complete beginner. There is no doubt commerce business is a highly profitable business in Nigeria. Apart from big ecommerce websites like jumia and konga, alot of individuals are making a truck loads of money by importing items from china and reselling through their social media accounts.
For example, if a Mr A buys an item from aliexpress website at 3,000 naira and sells it through instagram, facebook , whatsapp etc for 30,000 Naira a piece. That is 1000% profit, with just 100 sales of the product, profits would have ran into millions of Naira. Easy money right? That is why you find everybody selling waist trainners, lingeries etc on WhatsApp, facebook and instgram.
Just anyone can start an ecommerce business from scartch and make money from it when they have access to the right information. Even kids can do it, because it’s that simple and easy to run business. There are people who have lost huge amount of money because they delve into the business without learning through the right channels so beware.
Why you should consider starting an ecommerce business or mini importation business as it’s popularly called by people.
- You can start mini importation business from scratch with a little investmentof just 20,000 to 50,000 Naira.
- You can easily make unbelievable amount of profit on product sales.
- You don’t need a website to get started.
- You don’t have to be in the same physical location with your customers before you can sell to them.
- You don’t need to pay for shop or office before you can start ecommerce business..
Now that you have seen some of the benefits of starting mini importation business, so how do you start an e commerce business from scratch and make 10x profit as a beginner?
You can start from scratch in 4 easy steps.
- Identify Hot Selling Products People Wants to Buy.
Before you start looking for products to sell, you need to decide the niche in which you want to be selling those products. example of hot niche is the health and fitness niche. Once you have known your niche, you will need to research the products people want to buy in such a niche. The easiest way to know this is by going to blog/news websites, facebook group or forum to search for problems which people have and requires urgent solution. Make sure your products provide a permanent solution to the problems people have and you will not face so much stress in selling the products.
The 5 types of products you should not buy even when the products looks beautiful or you personally like the product. Because it’s not about you but what people want and are craving to buy.
- Don’t buy heavy product to avoid spending too much money on shipping
- Don’t buy products that are bulky
- Don’t buy products that provide temporary solutions, instead buy products that provide permanent solutions to peoples problems
- Don’t buy expensive products because it will reduce your profit margin instead buy product that are less than $10 cost price.
- Don’t buy products that will not serve your customer because people want value for every kobo they are going to be spending on your products.
2. Where To Source Your Products
Once you succed to indentify hot selling products, the next step is for you to start sourcing your products. The good thing is you don’t have to import products from abroad. You can check other ecommerce websites in Nigeria to know their prices. But if you decide to import from abroad, some of the website you can buy from includes
When buying products from abroad, you will need a means of payment like an Atm card or a paypal account. Also you will need an agent to negotiate on your behalf if your supplier can not speak english. Always make sure you chat with a supplier on the messenger provided on the ecommerce website and ensure you don’t rush to cancel disputes if the supplier begs you.
3. Shipping Your Products to Nigeria.
There are various shipping methods you can use both free and paid. The choice of the method of shipping youn are using depends on affordability and how fast you want the product delivered. Instead of uisng expensive shipping companies suggested by your supplier, consider using your own agent. This is how that works, you get the ware house address of your agent, then send the address to your supplier and your products are sent there. Then your agent send the products to Nigeria.
4. Promote your products.
Promotion is the most technical aspect of the ecommerce business because it will determine whether you will make money from the business or not. If you spend huge amount of money to import product and you can not sell it, it’s automatically a loss. So how do you promote your product so that you ship out orders daily or on a regular basis.
- your own website.
In this blogpost, i have shown you how to start an e commerce business from scratch. But before you will start ordering products you might not be sure whether they are hot selling product or not, check out this 2hours and 30minutes free video showing you how to make 500k- 3Million Naira Monthly through e commerce by selling little known products using the n.p.m tripod formula even though you are a total and complete newbie.