In this article, I’ll talk about the best importation businesses in Nigeria which you can start immediately and make over six figures on a monthly basis.
There are so many problems faced by the people in the importation business for example delays, high charges levied by clearing agents and a lot of paperwork generally there are a lot of hustles involved. It is the main reason as to why people fear this business but thanks to this article you can make the most out of the best profitable importation businesses in Nigeria.
Basically, just like the sound of the name, importation businesses require you importing products from other country and sell them in Nigeria to make profits
The Internet has made it easy to buy products from China if you have your capital ready, Importing is so lucrative, it involves buying from the supplier at a crazily cheap price. Few products cost less than N1000 from a supplier and the same product is sold in Nigeria for over N10, 000!
Can you see the profit margin?
Truly you can agree with me that Information is Power! The fact that you’re reading this shows you want information.
Hot Selling Products in Nigeria
Here’s a list of products you can major into and start a profitable business with high profits in Nigeria:
- Fashion Products
- Consumable Products
- Machines and Parts
- Beauty Products
- Electronics and Accessories
- Home Appliances and Goods
- Oil and Gas Products
- Security Devices
- Office Materials
- Health Products
#1 Fashion Products — Apparel, Footwear, Sportswear, Traditional, Formal Wear, Accessories, Watches & Jewelry, Textiles, Vintage & Secondhand
#2 Consumable Products — Baby food, Baby food, Baked goods, Biscuits, Beverages, Breakfast foods, canned (tinned) foods.
#3 Machines and Parts — Recycling machines, Farm tools, Fumigating machines, Vacuum cleaners, Generators, Generator parts, Construction equipment, Car batteries.
#4 Beauty Products — Face Cleanser, Skincare products, Shampoo, Nail extensions, Nail polish, Hair Sprays, Cosmetics.
#5 Electronics and Accessories — Laptops & Accessories, Mobile phone & Accessories, TV sets, Camera, Printing Machines and equipment, Washing machine, Fans, Gaming Console.
#6 Home Appliances and Goods — Dishwasher, Microwave oven, TV, Air conditioners, Rechargeable Fans, Kitchen stoves, Water Heater, Freezers.
#7 Oil and Gas Products — diesel fuel, gasoline, kerosene, petroleum jelly, petroleum wax, Cooking gas
#8 Security Devices — Anti Theft alarms, Closed-Circuit Television Camera (CCTV), Carbon Monoxide detector, Security Light, Barking Dog Alarm, Siren Padlock.
#9 Office Materials — Business Telephone System, Computer Network and Internet Connection, Shredder, Printer ink, paper clips, paper, staples, Laminating Machines and Scanners
#10 Health Products — First aid, Eyes, ears, nose and throat solutions, Contact lens solutions, Cold remedies, Malaria drugs and solutions.
As you can see, there are tons of products you can start importing. Selling your product online is the best way to maximize your importation business, not just that, it will also give your business a professional look.
The truth is, over 50% of products on Jumia, Konga etc. are international products imported and resold in Nigeria.
Are you ready to start importing? Feel free and leave a comment below on what importation business interests you the most.