How do I start a small import business?

How do I start a small import business?

Starting an import/export business

1. Get your business basics in order. …
2. Pick a product to import or export. …
3. Source your suppliers. …
4. Price your product. …
5. Find your customers. …
6. Get the logistics down.

How do I become a mini importer?

Notwithstanding, there are few things you need to have/know before going into mini importation in Nigeria.

1. A personal computer or smartphone with a good internet connection.
2. Valid contact and address details.
3. Agents to inspect the goods.
4. Business capital.
5. Platform to buy the goods.
6. Platform to sell the goods.

Is Mini importation business profitable?

Yes, the mini importation business is very much profitable in Nigeria. You can start with as low as 50k, but always have it in mind to go for goods in high demand, this way, you’ll definitely sell faster and make a huge profit.

What can I import from China to Ghana?

Ghana Imports from China	Value	Year
Aluminum	$47.53M	2019
Furniture, lighting signs, prefabricated buildings	$40.47M	2019
Optical, photo, technical, medical apparatus	$39.49M	2019
Organic chemicals	$37.90M	2019

How can I import cheaply?

6 Ways to Save Money Importing

1. Order It on the Cheap.
2. Buy Large Quantities to Keep Your Transportation Cost Down.
3. Import From a Country Close to Yours to Save on Transportation Costs.
4. Purchase the Same Product in Different Colors.
5. Track Your Imports with Online Software.
6. Establish Creative Payment Terms.

How do I start an import business from home?

How Do I Start an Import-Export Business From Home?

1. Research and Choose Which Products You’re Going to Import and Export. …
2. Find a Reputable Supplier. …
3. Register Your Business and Obtain Required Import Licenses. …
4. Become a Registered Importer and Obtain a Customs Bond. …
5. Develop a Distribution Plan.