Complete Guide On How To Start Drop shipping Business in Nigeria
Welcome to Infoleading, am going to share the beginner’s and complete guide on how to start Drop shipping business in Nigeria. For you to fully understand this post, it is best for you to read this post to the end because I will give the full guide here.
Before I proceed, I will like to first explain what Drop shipping means. Drop shipping simply means selling supplies of products or services at a price much higher than the original price to consumers in other to make a profit.
This Business involves three categories of people which includes; the supplier, middleman (or you) and the consumers. The main thing that makes this Drop shipping business more unique is you don’t need to own goods or products. All you to do in this business is to target consumers or customers who are placing order. Once any customer is found simply purchase the product from the supplier and fill in the customer’s address for delivery. That’s all you do in thus business, it’s very simple.
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How to start Drop shipping Business in Nigeria
Drop Shipping business requires little capital for startup. The profits you’ll make in this business monthly is far much greater than what you’ll spend to start it.
In Nigeria, there are several different platforms you could use for your drop shipping business. Let me tell you what most people do in Nigeria secretly, many people are using Jumia and Konga to do drop shipping Business.
Most times when I purchase and order products from Jumia, the delivery time will take up to a full month to arrive. Not only that, I discovered that these sellers have the freedom to add whatever profit margin of their choice to the product. After selling the product, they just pay to Jumia or Konga only the percentage they seek and keep the remaining profits to themselves.
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Although this business is very profitable, it comes with a lot of challenges too when featuring your products on Jumia or Konga;
The world is evolving and becoming digital, so there are many people into this business making it more competitive.
Many people may and will likely offer the same products you’ll be offering and customers will go for lower prices.
Because of the competition in this business, Jumia or Konga will charge you more to feature your products to customers faster.
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How To Start Drop Shipping Business in Nigeria And Earn Alot
Like I said earlier, you can start this business with little capital by just delivering products from either Jumia or Konga. But I want to give you the ultimate in this Drop shipping Business. Forget about Jumia or Konga and think of creating your own e-commerce store that promotes goods/products and services.
You shouldn’t worry about the shipping of your products to the consumers because the suppliers will do that.
In other to make your future potential customers very happy, you can decide to offer free shipping. But in real sense you can incorporate the shipping cost in the price of the product. This is an innovative idea for your business.
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Step On How To Start Drop shipping Business in Nigeria And Be More Profitable
1.) In other to be profitable in any business, you need to focus your energy on one thing at a time.
2.) You’ll need to choose a niche. A niche is a specific category or area of business you have enough knowledge and information about.
3.) Browse and look up for products that you enough information about and upload them to your e-commerce website and sell them to potential customers.
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4.) You’ll need to integrate an online payment platform to your website so that potential customers can pay for products with their debit cards (ATM). You can use Paystack, they offer good money returns and their integration is very good. They charge 2% for every transaction and also accept payments in dollars.
5.) Running Adverts. This is a business strategy and there is no business that can survive without marketing it. You can start your advertisement on platforms like nairaland or Facebook etc.
I believe with everything I have said within this post am able to point out what you’ll need and how to start drop shipping Business in Nigeria. Remember to give us some feedback with the comment box below or the contact us page and do share our post with friends on social media as well.
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