How to make money by importing goods from china

Many Nigerians probably do not know that a lot of money if not millions can be made from importing goods from China. This money making strategy do not require much stress and can be explore immediately if you have the necessary information at your disposal. China is a destination for most importers in the world and the reason is very clear and simple.

There are different kinds of products that are made in china and majority of them are cheap, i mean very affordable. Best products to import in china includes, children toys, laptops, accessories, computers, mobile phones, furniture, fashion items, household utensils, building materials, and apple’s ipads are made in china.

And Just like we used to admonish on Today News Nigeria, there is no business that doesn’t come with a risk, the risk may be high or low, but we always believe that having the required knowledge as far as the business idea is concern will be very helpful.

STEP BY STEP GUIDE TO IMPORT GOODS FROM CHINA

Products: Before venturing into this business, it is important to know the type of product that will sell better in Nigeria. Don’t rush in selecting product without weighing the market demand. It not advisable to import a product because it is either cheap or expensive, but cannot perform better in Nigerian market. Therefore product that have high market demand and still not expensive should be considered.

Some products are not common and if introduced can still sell better, but it will not be wise to spend much in importing product that are not common, since there is no idea of how well it will performs in the market. Therefore to achieve a better result, importing a little quantity of such uncommon products is advisable in order to test the market demand and if by any chance the product is accepted, then it can be fully considered for larger import.

According to the research conducted by Today News Nigeria, we have come to realized some of the products that perform well in the Nigeria market, though the popularity of these products ranges from state to state, but we decided to center our studies on state market like Lagos, Porthearcot, abia, anambra and ogun. There are products that perform in almost all the state and some products strive better in 2 states or more.

In general, products that performed better in all the state include: Mobile phone, laptops, pads, children toys, shoes and wears. All these products are doing well in Lagos, aba and ogun.

Create Contact: Now that you have selected the products that suite the market of your choice, how to get those goods from china and import them to Nigeria is another factor. There is no need of travelling to china to import goods, but if there is enough money to do so, it is not discouraged.

There are lots of merchants’ websites online that can ease the stress of travelling down to china. The websites are Aliexpress.com, Dhgates.com, Ipmarts.com and many more, though this process can be tough because getting to know an authentic and certified merchant is the most important thing in this whole process. A merchant is selected based on the product you intend to import and these websites have designed a mechanism to deal with frauds and scams.

WHERE TO BUY PRODUCTS.

Aliexpress.com: it is a leading destination for importers to buy goods at wholesales from china. aliexpress is part of alibaba.com and it is very popular among online based ecommerce website. Buying goods on aliexpress can be trusted because it has designed a sustiphicated ways of dealing with scammers and the year of its existence confirmed its originality.

Aliexpress is estimated to worth over $100billion and have sales of over $180billion in 2012.

Alibaba introduced aliexpress in 2010 as an online retail service and it has become a powerful medium for small scale and medium business owners in buying wholesale goods from china. At present it has over 20 listed categories and serves its users from more than 220 countries around the world.

Dhgates.com: it is also a leading ecommerce website in china. Its function is very similar to aliexpress. Small scale and medium enterprise connects to buyers around the world on dhgates. Products of any sort can be ordered from china from dhgates registered users. This giant retail website has been in existence since 2004 and has been endorsed by big player in the retail industry. Investors like KCPB, JAFCO and Warburg pincus backed dhgates.

Their customer support is very great and channel provided for supports include emails, online live chat and phone support. The website can be translated to different language, ranging from French, Spanish, Africans, and lot more. A lot of popular products are listed on dhgates and it has also provided a very powerful mechanism to checkmate scams of any sort on their site. In other word, dhgates is a safe place to buy goods from china and get it import to Nigeria.

Ipmarts: if you planning to buy electronic gadget from china and have it shipped to Nigeria, then imparts is the ideal place. It is a big wholesale online store that ships products from China, USA and Malaysia. Products on imparts includes, mobile phones, game console with phone spare parts and accessories. It is also safe to buy on ipmarts.

HOW TO PAY FOR PRODUCTS?

The entire website listed above has different ways of accepting payment for purchased goods. From direct bank transfer to a credit/debit card. The ATM card issued to you from any Nigerian bank can be used to purchase any product from the mentioned above website. If you have sufficient balance in the card, then you are good to go.

How to find quality product and reliable seller?

As we said earlier, this is one of the basic decision every buyers face. How to get a quality product and source for a reliable seller is no brainer.

Products that do not meet a required certified standard can’t find its way into some countries like United States, and other European counties, but the situation is not the same in African countries. So these are the measures to put in place in other to find a quality product and reliable seller.

Feedback rating: this indicates the response of buyers from a particular seller. When a buyer purchased a product from a seller, there is always an option for the buyer to rate the seller. Based on their experience, a buyer can decide to leave a positive or negative feedback. This determines the seller reputation and sends a clear signal to a buyer as to how diligent or trustworthy the seller is, therefore a feedback affects the overall rating of a seller.

When a seller keep to promise, then satisfied buyers would leave a positive back and for a seller that does not keep to promises will definitely have a bad or negative feedback from unsatisfied customers.

The rating is always within 0-100% or between 1-5stars. On this note, it is strongly advisable to keep an eye on a seller’s approval rating before dealing with them. A score of 90 or 4stars is recommended.

It is important to go through customer’s comment before dealing with a seller. This will give an insight into how other buyers feel about a seller’s product, the delivery time and other factors like product description, product details and sellers guarantee.

How will the product be delivered to me?

Many products on alibaba.com and dhgates.com are free for shipping but a buyer can decide to use a special delivery system if he/she feels like. Free shipping can take a longer time for a product to be delivered and service like china mail air post or Hong Kong mail service are often used for free shipping around the world. It might take up to 30-60days for a product to be delivered depending on the location.

Sometimes, it can be more profitable if you decide to consider free shipping option, though it might take a longer period but it will have a positive impact on the amount you sell your product so far no shipping fee is included.

Other options for good delivery on aliexpress.com, dhgates.com or imparts.com include EMS, DHL and FedEx. These options can be very expensive but it comes with a lot of benefits. It allows proper monitoring of products in term of tracking and delivery is within a very short period of time. However, these options are likely to reduce the profits potential of the products.

It is very important for a buyer to include his/her phone number in the shipping address, and this is essential for both options, whether free shipping or a fast delivery system. When a phone number is provided, then it will allow easy communication between the buyer and the local post office or a DHL office.

How can I find buyers for my product? Or how do I sell my product?

There are many medium you can explore in other to sell your product and make huge amount of profit. If you have a shop, then it will easy to just display your product and buyers can just come in and buy. Of course your product wills sells, being the fact that it is an imported quality product.

And for those that don’t have a shop, you can as well sell your products on social networking site like Facebook, BBM channels, and many more.

Are you convinced by what you have read so far? Are you looking for easiest ways to make money in Nigeria? If your answer is YES, then try out this business idea and you’ll never go broke again. Use the comment section to ask any questions.