Most people are made to believe that importation business can only be done by the rich. The reason is that we thought a lot of money is needed to venture into such a field of interest.
Who can get into the business of importation?
The truth is this; anyone can get into importation business and make money. It is not an opportunity for only the rich and those with a connection. Anybody can venture into it weather a student, an undergraduate or working, as long as you are determined, you can make it in this niche.
As you read this guide, a handful of knowledgeable individuals are already making millions from importation business; and these are young persons. Instead of seating and contemplating if you can succeed in this business, take action because as you are reading this guide, many people are already making it big.
This guide will open your eyes to the possibilities and opportunities enshrined in importation business. You will find out that, you can still make money without being a genius or super rich. With just 30,000 naira, you can start to make money and grow from their into your millions. With diligence, you can make a lot of money in a short time that you can decide to quit your job forever. All these are possible if only you take action.
Factors to put into consideration before you venture into the importation business.
It’s a fact that anybody can enter into this business. However, there are factors to put into account, if success is our goal. Knowing is just one part of the puzzle, applying this knowledge together with these necessary elements makes success inevitable.
• The need in your locality
This is a significant factor, in fact, it should always be considered first. You must be able to answer the question “what do the people in my locality need?” As a student, you should be able to decode the needs of students around you. For instance, if you are a student and you decide to start importing cars, you will find it hard disposing of them because most students can’t afford to buy any.
Failure to accurately determine these needs will result in severe financial stress which could lead to discouragement and hesitation to continue with the business.
• Your Strength (Financial)
Financial strength is another important factor. It’s easy for most people to get distracted by the potential profit which could lead them into pilling massive debt by loaning or borrowing. The best thing to do is to start small and grow from there.
Required Tools
Getting all your tools in place is crucial to your success. You must have the following.
• A means of Payment Internationally.
For making international payments, you will need either a visa card or a master card which is accepted internationally. Remember verve cards are not universally accepted. Most banks in Nigeria issue cards that are globally accepted, so that should not be an issue.
I use my GTbank master card to make my payments. Simple and easy. Before you make any payment for goods, ensure the account is funded with an amount equal or more than the required amount of the products.
• A Laptop with Internet Connection.
All the communication avenue between you and the sellers is online. So, a laptop with an internet connection is necessary. You also need a computer for making the payments and for tracking your good while in transit.
• A valid Home address.
You must have a valid address where the goods you purchased will be shipped to. Ensure the address is easy to locate. In case your address is hard to locate, you can use your friend's address.
• A USA/UK address
This will be explained in detail in the next lesson
• A free email address
You can choose from any of the numerous email providers available such as gmail.com, yahoo.com, and outlook.com, etc. owning an email address is free.
• Capital
For a start, you can use as little as 30,000 naira as capital.
Read Also: HOW TO MAKE MONEY ONLINE MINING BITCOINS
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