Do you want to learn how to start your own mini importation business here in Ghana?
Today’s guide has all the information you need to hit the road running with your dreams.
So, keep reading.
Thanks to the internet, the world today is a small village. Who would have thought that an ordinary citizens like you and I (with shallow pockets) can become a small scale importer.
How do you feel when you tell your relatives you’re an importer? Dealing directly with oversea suppliers.
The feeling is like your a super hero.
We live in a country where the importation business is the secrets for the rich, the upper class or the government appointees.
Leaving the majority (low income earners) to languish in poverty.
Well, that’s is changing now.
If you’ve been online for a while now, then you must have been caught up in the current trend of making money with mini importation business ( buy products at lowest price online and retail for bigger profits offline) in Ghana.
This business model has been a lucrative one and many Ghanaians myself included have been happy as a result of it.
I’m a living testimony.
Table of Contents
- 1 If this is a business secrets why are you sharing it?
- 2 Who is this business opportunity for?
- 3 Do I need to learn any special skills before starting my mini importation business?
- 4 What is mini importation?
- 5 How the importation business works
- 6 The rebirth of bricks and mortar business.
- 7 How can I make money with mini importation business?
- 8 Sell the product before you import them.
- 9 TAKEAWAY:
- 10 Let’s set the record straight before we get started.
- 11 What’s the Catch here?
- 12 The Way Forward.
- 13 What you need to get started?
- 14 Here is your step by step Guide on how to start mini importation business in Ghana
If this is a business secrets why are you sharing it?
I am on a mission to help lots of people build a lifetime profitable businesses online.
So to accomplish my dream, I don’t have to hide anything from you.
Your only task here is to be an action taker.
Not just a reader.
The opportunity isn’t new either, however, sourcing on-demand products, and finding the right market for your imported goods; is what separate the men from the boys.
This article focuses on bridging the gap for small scale businessmen and entrepreneurs in Ghana to join the ranks of the wealthy in the importation business with little investments.
These mini importation secrets, I’m about to unvail to you will help you import cheap products from abroad, at the lowest price and retail for higher margins in Ghana.
Also, we are going to discover the hidden e-commerce companies you can trust tyour hard earned money with.
You’ll become an importation guru with international business recognition by the time you finish digesting this article.
Who is this business opportunity for?
I’m sharing this idea for those in need of secondary income source, job seekers or potential entrepreneurs.
The #1 reason why we don’t get anything done or try new ideas is the numerous excuses we give.
Starting a mini importation business in Ghana is as easy as drinking water.
But the fear of getting scammed or losing your start-up capital demotivate most budding entrepreneurs.
But I’m going to make provision in this guide for that. So do well to stick with me to the end.
However, you can do your own side business even if you’re a:
- Day worker
- Stay at home mother (House wife)
- Graduate unemployed
- Senoir citizens (pensioners)
This opportunity is for all who wish to live the laptop lifestyle. Working on your own terms, hours and writing your own paychecks as and when you wish.
So if you’re sick of taking orders from your boss, want to build your own dreams or hate trading your time for money.
Now is the time to take your future seriously.
You do not need to quit your 9 to 5 pm or attend grinding classes (if you’re a student) before starting this business.
All you need is very little investments at least 100 cedis or $20 to begin. Or bigger if you can afford it without breaking your account.
Do I need to learn any special skills before starting my mini importation business?
All you need is a basic internet usage skills.
You don’t need a degree in computer science or code like Bill Gate before putting it in practice.
As you’ve found your way here, you’re more than qualified to start a small importation business for home.
What is mini importation?
The small importation business model is a self- employment opportunity where by you buy products online in small quantities abroad usually in small packages and resell them for higher profits to consumers.
With the help of the internet, one can wake up today and launch a profitable business from home.
You, only need a mobile device connected to the internet, payment gateway (credit card, PayPal, Visa card…) and a trust wealthy e-commerce company where you can source your products.
Marketing the products comes last on the chain. But very important for the growth of your buy and sell venture.
Well, mini importation business doesn’t really mean buying products from overseas suppliers is small quantities.
It’s all about the depth of your pocket.
You can import 40ft container worth of product and retail it for over 1000% in profits, if I’m not over exaggerating.
Although you can buy hundreds of same items (depending on your financial standings) and rake in 200% margings.
How the importation business works
Before we get over our heads, it’s vital you understand the basics of making money from this buy and sell business.
How can I make money from this opportunity?
Simple; In the traditional retail scope, let’s say you deal in make-ups and a frequent user as such.
You visit your favorite wholesale shop to buy stocks of your costmetics product for your small business.
The so called wholesale prices your vendor sells to you bears a hidden profits.
So, they’re indirectly sharing your profits with your local dealer.
Everytime you visit your favorite costmetics store and hopefully make a purchase of product “A”, you’re making the shop owner rich.
Hence, when you begin retailing your mechandise to your customers at a heafty price the profit making machine begins grnding.
The rebirth of bricks and mortar business.
Let’s get back to the costmetic store. Where does the shop owener get his/her stock from.
You may be wondering.
Well, the good news is, they travel all the way to Asia or the USA on a business trip.
Spend money on tickets and accommodation to secure their products for their store.
Upon their arrival, they increase the manufacturers production cost and retail to us for profits.
Let’s say the product costs $10 a unit from the manufacturer, with their MOQ (minimum order quantity) you can get a discount for ordering larger quantities (say 2000 units).
Hence, they resell the products to the local buyers at say 50 to 100% profits.
Now we’re going to reverse engineer the whole shopping process.
The rest of the guide will be focused on you doing same business from your bedroom.
How can I make money with mini importation business?
Now that most of your doubts are cleared. It’s high time we discuss how you can implement this model without leaving your bedroom. You exited, let’s get started.
Mobile phone accessories like magnetic chargers, 5D glass protectors, metallic case or covers among others are very hot products you can import and sell in 2019.
Simply raise your investments and start shopping from our trusted suppliers below for profits.
Sell the product before you import them.
What do I mean by selling your products before your make the purchase decision?
To make this model work for you, there’s the need to take away all guess works. Or assumptions.
Try to get the sample pictures of the Mobile phone accessories you wish to sell.
Share them with your social circle members in exchange for feedbacks.
This process may look boringly slow but it ememinent you get the done the right way.
Share with as many people as you can in other to get reasonable sample size.
Ones the feedback is positive you’re good to carry out with your business plans.
Moreover, you have to pull in the hand breaks ones you get the red flag from your potential customers.
This however, will be a desaster on your path to make any buying decision because your mechandise won’t sell.
For effective business strategy, you have to make sure you import products that is rear to find on the market.
I recently imported 200 piece of invincible bra for women.
It’s worth mentioning that this one product sold like crazy.
I was able to sell this quantity in less than a week because women want to wear stylish clothes with their backs showing.
You can also do same if you take your time with the product and market research stage.
Let’s set the record straight before we get started.
Almost all of the products and suppliers, l’ll be sharing here with you in this post are made from China.
Although we shall also talk about products from the US and Europe, the tips in this guide reveal more about buying products from Chinese manufacturers and suppliers.
The most likely question on your mind right now would be: Why China? Good question.
I’ll tell you why.
As you may already know (or don’t know), most products in the world today are manufactured in Asia, particularly China.
Toys, home appliances, accessories, computers, laptops, mobile phones and even Apple’s iPads are made in China.
Let’s try to verify this by doing a quick check of the products that are around you right now.
You would be amazed that roughly 9 out of 10 things around you were manufactured in China.
I’d like to use myself as an example.
The tablet I am using to write these words is a Huawei Mediapad, made in China.
The shirt I’m wearing, my earphones, my wrist watch and my rice cooker – are all made in China.
My mobile phone is probably the only thing that’s Assembled in Ghana.
So the 9 out of 10 theory is true in my case!
Apart from food products, China is the number one source of all the hot selling and fast moving consumer products you know.
What’s the Catch here?
China is among the cheapest manufacturers countries in the world today, because of it’s low labour and production costs.
As a result, many of the big brands that you know (Apple, HP, Samsung etc) make their production through factories and contractors based in China.
To ensure the quality of their products are not compromised, US and European countries set very strict standards which the Chinese usually comply with.
Why am I telling you all this?
It’s because many people in Ghana have come to suspect Chinese products to be low quality.
While this may be true in some cases, I don’t think we should blame the Chinese.
After all, China also produces many of the high quality products in America and Europe.
The Way Forward.
However, If our government’s could reinforce strict, quality and safety standards for products coming to Ghana and Africa in general, the Chinese would comply as they do for their clients in the USA and Europe.
Moreover, you don’t have to worry about importing low quality products.
In the later part of this article, I’ll share with you the secrets of finding high quality products and suppliers that meet US and European standards.
What you need to get started?
To join the new and growing league of small business men and women who can now import products at low wholesale prices directly from overseas suppliers and manufacturers, there are tools you need in other to make the journey safely.
Well, it’s nothing you don’t already have.
And if you don’t, they’re something you can easily get.
You will simply need the following to get started:
- A personal computer (PC) or mobile phone
- Fast internet Network – Modern, Mifi, Wifi or cellular data…etc.
- Visa prepaid card from Access Bank, United Bank of Africa, GT Bank…
- A valid email address.
- Valid and traceable home address where you can receive the item you will order.
- Some few cash to get started (as little as 10,000 and no limitation)
- Get a PayPal account to buy your products (not in all cases though)
- Open a US bank account with Payoneer (It’s absolutely free)
There you have it.
With all this, you can start your mini importation business in Ghana.
The best part of this business that I like so much is that 90% of what you need to do can be done on your PC or mobile phone.
So you can call it an internet business.
As a matter of fact, you can be in your house and make 6 – 7 figures monthly.
This way, you can have orders available that match what you are importing or even more through effective marketing.
Please note that a P.O Box or PMB (Private Mail Bag) does not qualify as a valid and traceable address.
Here is your step by step Guide on how to start mini importation business in Ghana
- Product Sourcing
- Chose and buy from a reliable supplier
- Making payment for your products
- Shipping and product delivery
- Finally, market your Products
- Sell your Products and make money.
Step 1. Products Sourcing
The first thing you need to do if you want to embark on this journey is to source for your product.
Here is what you should know. Most of the supplier’s website are China-based.
You probably might be thinking why China? Well, China is the number one source for hot and fast selling products around the world.
You can call it an international warehouse or manufacturer.
In the like manner, most people usually thought any products from China are always inferior.
Seriously, that’s very far from the truth.
Please look around you I’ll bet 80% of the product around you are produced and coupled in China.
Your flat screen, phones, generator, freezers even the popular Apple products are all coupled in China.
Well, I’m not saying they don’t produce inferior products as well, they do.
I guess the Ghanaian government should be blamed for that for not raising their standard.
So how can you source for your product?
Resourceful for that include:
- 1688 (for Chinese only)
- … On the list goes
What you need to do now is head over to the above website and create an account with them. Also, make sure you confirm your registration via your valide email.
It’s nothing difficult, if you can create your Facebook account then you should be able to create one with those too.
Once you are done with the registration, browse around the website and check for products you can buy and resell in Ghana.
For my skimming reader’s, I’ve summarized the process below.
But,if you would like a detailed guide on how to safely source all your products from my #1 supplier (Aliexpress dot com).
Step 2. Buy from Reliable Supplier
This might be the most important part you shouldn’t take lightly. Like I said earlier that Ghanaian government are to be blamed for lack of restriction placed on China inferior goods.
Because of the above, this makes some of the sellers or suppliers careless of shipping inferior products to Ghana.
But instead of being a victim of this there are ways you can outsmart them.
This is called the power of feedback.
Before you make a purchase from any supplier make sure you check the feedback score and rating for that supplier.
You can allow scroll down below the products to read customer reviews on the product you about to ship.
This simple method will help in filtering the bad from the good suppliers.
The feedback rating is a powerful measure invented to protect customers from buying counterfeit products. You can always check if the supplier delivers as promised.
The ratings are usually between 0 – 100% and 0 – 5star reviews. I’ll recommend you always go for 90% and above rating and at least 4 star reviews.
In addition, make sure you always go through the product description. Check the delivery methods free shipping are always good if you’re willing to wait.
Also, check the sellers guarantee on the products before you ship them. All this are usually at the bottom of every product page.
Step 3. Paying for your Products
In the past years, this used to be the hindrance of venturing into importation business. This is because there are no easy means of paying it’s always a long procedure.
But thanks to the internet everything is now made easy. Back in your house in Ghana you can make payment for products in the US or anywhere around the globe. It’s as easy as that.
There are several channels through which you can pay for your products, but they differ with suppliers. Some suppliers allow Mastercard or Visa card payment, some PayPal or Alipay. The point is payment for goods are now easier and this shouldn’t be a barrier to you.
About Fraud or Getting Scammed
You might want to ask, what if you’ve paid and you never receive your products? Or you pay, and the product is different from the description in the websites?
Well, all this are normal questions. These websites have some measures in protecting their customers. You can call it “buyers protection” or also known as “Escrow”.
The Escrow or buyer’s protection is a measurement put in place by the websites to protects both buyers and sellers. This is how it works. Once you’ve purchased the products you want to ship, instead of paying straight to the sellers’ account, the websites withhold the money.
The money will then be released once you receive and confirmed the product to be what you order.
In rare cases when your product happens to be different from what you order there is “Dispute form” that you can fill, and your money will be reimbursed.
Mind you, I’m not saying its 100% risk-free but its unlikely for situations like this to arise.
Step 4. Product Delivery
Product delivery usually comes in two ways. This includes:
- Free Shipping – usually slow but increase profits (between 14 to 60days) but most time it’s usually delivered between 20 to 30days. The service company can be China Mail Air Post or Hong Kong Mail services.
- Premium delivery – these deliveries are usually done by DHL, EMS, and FedEx. Although it might be expensive compared to free shipping but its always faster and safer. (between 3 – 5days)
While the free shipping may be free you should know tracking it might not be entirely accurate compared to the premium shipping.
In addition, while using the free shipping method you should always endeavor to put your phone number.
This is because they are always delivered at the nearest post-office close to you. With this, you can be easily contacted whenever your shipment has arrived.
Extra Tips to Save Cost on Shipping
- Mess Around with Dates. It’s obvious that the prices will always change with dates and season. Very fast means more money and slow means less money. So, mess around to save yourself some cost.
- Remove Excess Packaging. After your first delivery go through your shipment and notice unnecessary packages that you can avoid the next time. This will help reduce the size and weight of your products.
Step 5. Market Your Product
This is by far the most important aspect of the business.
Its one thing to successfully order your product and it’s another thing to successfully market them.
Nobody is going to know about your products unless you take it to them.
And mind you, I don’t mean you literally start walking the street to market your products.
You just have to be creative and up to date with the trending marketing strategies.
There are ways you could do that … they include:
- Brick and mortar retail
- Word of mouth
- Handbills or flyers publicity
- Create your own webstore
- Social media marketing
- Influencer marketing
- Local Ads. e.g. Magazine, newspaper
- Internet marketing etc.
There are several ways you can choose to market your business but for the sake of this post, we’ll do just the internet for now.
Like I said I rarely go out, so I prefer doing everything on the internet. So how can you market your products on the internet?
This alone on its own it’s a full cause for another day. But for now, the one easiest you can easily grab is Facebook marketing.
Facebook is a full marketplace that can never be exhausted.
One of the best ways to make most of your marketing is to create a squeeze landing page for your ads.
What I mean by this is collecting their email addresses because some might be interested but not having money when they see your ads.
Collecting their emails will serve as a means of reminding them of your products.
Step 6. Sell your Product and Make Money
Finally, once you are done with the marketing, obviously potentials buyers are going to start rushing your way if you’ve done a good job.
You can either create an online store for your products and list them online or do it with the popular method if you don’t want to create an online store.
Moreover, if you don’t know how to build a storefront from scratch I recommend you source one here.
For the latter part, you need to work with some courier agent to deliver your product and collect your money on your behalf. Among them are:
- Courier plus
- Austin Dispatch etc.
Some of them will require you paying a certain fee to get started while some are free.
Finally, you should have it at the back of your mind that every business has its own ups and down.
One of ten of every order might be returns from your customer but that shouldn’t discourage you.
The profit margin will definitely cover up.
Are you ready to start your Mini Importation business in Ghana?