HOW MUCH CAPITAL DO YOU NEED TO START MINI IMPORTATION BUSINESS?

Now this is one of the most asked questions. When people hear of importation, whether mini or not, they think of a capital intensive project that will require them to travel abroad, deal with customs and all that. So it’s the right to ask: How much capital do you need?

There is no specific amount of money needed for you to import any products. There are very cheap products out there in China, as cheap as $0.01USD per item. So the first answer to your question will be got from the price of the type of product you want to import. For example, assuming your business is in the fashion industry, let’s take a look at this designer’s ladies jean belt:

Now you can see that this beautiful belt has an amazing of $0.01USD per belt. This is about 0.01 x N365 = N3.65 per belt! Use this to convert to your own currency if you are not Nigerian. You can actually get this belt at a cheaper price and I will show you how later in this eBook.

Now assuming your startup capital is N10, 000, you can use N10, 000 to purchase:
N10,000/N3.65 = roughly 2,740 belts! This is a whole lot of belt to start a new business!!!

So you can see that this mini importation business could be start with just any amount of money, say N5, 000. With N5, 000, you will get 1,370 belts!

So there’s a catch somewhere in the shipping. I will show you how you can get free shipping, or better still get it shipped to you to Nigeria, Ghana, United States or your country at a lowest price.