HOW TO START UP A MINI IMPORTATION BUSINESS IN NIGERIA WITH JUST N10,000 – ZIGIHOW.COM.NG
Mini Importation Business has really become a hot cake in Nigeria and probably in any country of the world. This involves Importation of low budget Products or goods and resale for a higher moderate price for the sole aim of making profit. You can also read How to start up a low budget Diy skincare business.
What Is Mini Importation Business?
Mini Importation Business Simply refers to a process whereby low budget products are imported into the country, for resale at a reasonable amount for the sole aim of achieving financial gain or profit. This business is mostly done by young entrepreneurs, it’s a starting point of business with low budget, gradually with your profit Optimization, you can grow your Importation business into a very big one.
How Do I Start Mini Importation Business?
My immediate younger brother and my sister are involved in mini Importation business and I can testify they are really doing well. They do import jewelries, such as necklace, pendants, chains, ear rings, finger rings etc. And resale them at a reasonable higher amount.
They do order their goods from AliExpress, the biggest online shopping website in China. AliExpress sells alot of unimaginable cheap items, ranging from jewelries, shoes, cloths, bags, cosmetics, gadgets (Phones, laptops, memory cards, phone chargers,) etc. But the most cheapest of all categories are jewelries, that’s why my younger brother and sister went for them and they are really making huge profit out of the business.
In AliExpress website, you’ll get to see lots of beautiful eye catching jewelries at a lower price, for example. JQUEEN Ethnic Crystal woman style Sweater Chain Necklace goes for $1.94, which is equivalent to 698.40 Nigerian Naira. Very cheap.
LUlmo 16pieces Finger jewelry vintage Rings For Women, goes for $1.65, which is equivalent to 594.00 Nigerian Naira.
There are lots more cheaper Products on AliExpress which you can order, and resale for a reasonable price, favourable to you for profit making.
Equipments To Start Mini Importation Business.
You’ll be needing Your Debit Master card for ordering items online from AliExpress and also you need to create an account on AliExpress. Follow this link to create an account on AliExpress.
AliExpress is a very safe e-commerce website to order your items, and they will definitely be delivered to your preferred location. The good thing about AliExpress is their free shipping service, you can order all you want and they will be shipped free of charge, no shipping fee cost involved, though shipping free service takes a longer time before the product arrives from China to your location, but if you want your items to arrive faster then use non free shipping method.
AliExpress has wonderful customer service which attends to customer 24hours with instant and prompt response. They also ask you for a refund or a reshipment if eventually your items gets damaged on the way before it gets to you.
Below is a screenshot of the conversation held between an AliExpress seller and my brother on repayment of funds after one of his ordered item was damaged.
What Should Be My Budget?
You can Start with as low as 10,000 Naira. That’s the exact amount my younger brother and sister started with, and they have grown their profit x4 of what they started with.
But if you have enough capital, you can start with Importation and resale of shoes such as: women’s shoes, women’s flat shoes, women’s pumps shoes, Women’s vulcanize shoes, women’s boots. Male shoes, men’s casual shoes, men’s Vulcanize Shoes, men’s boots. Etc.
Phones & accessories, such as: mobile phones, phone bags and case, power banks,
Female wears, such as: dresses, blouse & shirts, hoodies & sweat shirts, sweaters, jackets, jumpsuit, suits and sets, rompers, body suits etc.
Male wears, such as: hoodies & sweaters, jeans, boxers, shirts, jackets & coats, suits & blazers casual shorts, board shorts etc.
Wrist Watches, such as: Men’s watch, women’s watch, lover’s watch, children’s watch, women’s bracelet watches, Pocket & Fob Watches etc.
Beauty & Health, such as: Makeup, nails art & tools, health care products, skincare products, hair care & styling products, shaving & hair removal products, bath and shower products, oral & hygiene products, etc.
All the above mentioned products are at a reasonable cheaper price on AliExpress.[JOIN US ON TELEGRAM!!!]
50k Business In Nigeria: 10 Profitable Business To Start Up In Nigeria With ₦50,000
Let me guess, probably you’ve saved up some amount of money and you’ve been thinking of a business to invest your hard-earned cash with? Or you have decided to own your own business and be your own boss? Well, i must commend your insightful idea with a thumbs up 👍.
There are so many profitable 50k business in Nigeria you can actually venture in, make your profit and expand your horizon.
Sadly the situation in the country has forced so many Nigerians into starting up their own business. With the continual economy meltdown and inflation starting up your own personal business becomes a great idea. Not only will it make you be your own boss but also makes you have full control and manageability over your business towards growing it to be a huge and successful one. Therefore, if you’ve been searching for a business you can start up with ₦50,000 in Nigeria, then you’re definitely in the right place.
In this very article, I’ve outlined 10 profitable and industrious 50k business Nigeria you can actually start up and earn back your capital and make extra profit in few months time.
1. DIY skincare Business.
With the high demand in the beauty industry you can as well cut off your own chunk of revenue and be your own boss in DIY skincare business. Although this business requires expertise. Therefore there is every reason you must be a pro before starting up this business. You can simply join a DIY skincare class (which we offer) to learn the basics in DIY skincare.
₦50,000 can actually go along way to start up a mini DIY skincare business, you don’t really need a huge amount of money to start up this business, all you need to do is start in a small scale and gradually grow up the business to a big one. You can do that, by probably making and selling soaps example: skin glowing soap, skin lightening soap or even a hydrating soap, then gradually as you generate more revenue you can diversify your business into making other DIY skincare products. You can read how to start up a low budget DIY skincare business.
2. Goat Farming Business.
Talking about lucrative and profitable 50k business in Nigeria Goat farming business cannot be exempted. Goat farming business can actually reward you with lots of profits in months to come and you know what? ₦50,000 can go along way to provide 4-5 healthy goats for you. Goat meat is wildly consumed in Nigeria, infact many people prefer goat meat to cow meat because of its unique taste and richness in nutritional value, this is a more reason why goat farming business is really a lucrative one.
You can start up by buying 4-5 goats, ensure you buy more of females (nanny) to enhance more rate of reproduction.
In Nigeria the price of a small goat is sold between ₦5,000 and ₦10,000, while an average goat is sold between ₦10,000 and ₦15,000, and a big goat sold from ₦20,000 to ₦30,000. Read how to start goat farming business
3. Graphic Designer.
Graphic designing has been a full time job and generates lots of revenue for graphic designers in Nigeria. Although, this business also require special skills and expertise to keep you in the game. Let me shock you. A graphic designer can charge ₦3,000 – ₦5,000 for a single business logo not to talk of designing a business card, calendar, etc. Therefore venturing into this business is not bad at all. All you need to do is enroll in a graphic designing training class to learn the basics of graphic designing and find applications needed for your area of design.
Ohh. My lovely blogging. 🙂. If you think blogging is dead, think again!. Personally i started blogging since 2013 with no monetization intentions, and In 2017 i realized that one can make thousands of naira (if not millions) monthly through blogging. And ever since then, i can gladly say i never regrate being a blogger. Although, it’s not easy. Blogging offers multiple potentials towards making you earn money monthly with your blog, and with ₦50,000 you can actually set up a well designed professional blog. By choosing a niche (the area you want to blog on), purchasing a domain name, and a hosting plan. Read how to start up a blog
Blogging isn’t a means of making money over night. It needs patience and time, by patience i mean extreme patience with devotional time. Your success in blogging depends on how smart and hard you work. Gradually as your blog starts growing and traffic increasing you can monetize your blog with Google AdSense, Affiliate marketing and even get paid by big companies to advertise their products on your blog.
5. Cake Bakery Business.
In Nigeria many people have ventured into cake bakery business because of its high demand, I mean, who doesn’t love small chops? Definitely no one. You have to enroll into catering tutorial class to acquire the necessary knowledge in cake making. ₦50,000 can go along way to providing the necessary items to start up a mini cake bakery business.
And if you pop up the question, how lucrative is cake bakery business in Nigeria? According to Miss Ayobola Adesina, the proprietor of “Simply Elegant Cakes’’ in Lagos said, “The smallest cake ranges from ₦1, 500 and ₦2, 500, while others ranged between N100, 000 and N150, 000 and these are mostly wedding cakes”.
You can start up by making small chops and small cup cakes then gradually you’ll expand your horizon. At a time you can start up your own catering class business where you’ll train young catering students. It’s all a gradual process.
6. Fast Food Business.
Who doesn’t eat food? Not even a dog can say no. Fast food business is another lucrative 50k business you can invest in. This business requires small starting capital and trust me ₦50,000 will extremely go along way to start up. With as little as ₦20,000 – ₦30,000 you can start up a mini restaurant business.
Students, bankers, and other white cola job corporate entities are highly known to patronize fast food dealers. During my school days, the school cafeteria/canteen and other smaller fast food outlets are always filled up with students and some lecturers usually in the afternoon (12-1pm), having their lunch.
You can strategize your business plans by running a delivery service.
You don’t have to wait until customers come to your outlet to purchase food, you can as well take it to them. This works well for bankers and corporate entities due to the nature of their jobs, all your customers need to do is make their order known to you and you can take the food to them wherever they are.
7. Poultry Business.
Poultry farming business is also one of the most lucrative and income rewarding business in Nigeria. Although, the cons in this business are much, but with experience you can beat the negativity and become a successful poultry business dealer.
Broiler chicken is massively consumed everyday in Nigeria, this has made it a very demanding commodity which has made lots of entrepreneurs to venture into the business. Especially the choice of white meat over red meat makes the demand for broiler birds and other poultry products a choice of business for many people. The demand rises massively during festival and occasionally periods, like who doesn’t like chicken?
₦10,000 can get you half carton of broiler chicks (which contains 25 chicks). That’s a good starting point. You can use the remaining ₦40,000 to purchase feeds, drinkers, feeders and other essential items for poultry farming. Gradually you can expand your business and purchase more birds. Read how to start broiler farming business in nigeria.
8. Mini Importation Business.
You can actually start up an online small scale business importation business by importing and sell goods from China. Personally i can attest to how lucrative this business is, because my immediate junior brother and younger sister are into it. He imports and sells memory card, and other mini gadgets while my kid sis imports jewelries, such as necklace, pendants, chains, ear rings, finger rings etc, and resales them at a reasonable higher amount. And believe me when I say they’re definitely doing well for themselves.
With as little as ₦10,000 (which was the exact amount my kid bro & sis started with) you can start up your mini importation business. And when you have ₦50,000 at hand, then it’s definitely going to go along way. You can read how to start up mini importation business in Nigeria.
9. A Freelancer/Writer.
Are you a good wordsmith? Can you write contents that can play with people’s emotions both positively and negatively? Then congratulations, millions of people needs your service. Companies in Nigeria such as media agencies, blogs, online marketers and startups are happy to pay you well if you can create a high engaging contents for them. All you have to do is, get yourself a good functional laptop, create your portfolio and boom!!, start making your cool cash.
Some writers charge ₦1 per word. Let’s do the maths. If you happen to charge ₦1 per word and happens to create a 2,000 word counts content for a company. 1×2000 = ₦2,000. If you can attend to 10 customers in a week you’ll be making ₦14,000 per week. That’s totally fine if you ask me.
10. Perfumery Business.
Billions of people around the world uses deodorants. (Nigeria inclusive), and what happens when you start up your own perfume business? A door way to making cool cash huh? Hell yeah. Thousands of Nigerians are already into this business and they are really doing well for themselves.
₦50,000 can aid you start up perfumery business. You can enroll in a tutorial class on how to make oil perfumes or play with frangraces to make to formulate nice aromatic scent.
According to A perfumer Miss Aniekeme Ekop said, “perfume is a consumable so as an entrepreneur you need to look for a business that gives you a good profit margin with less stress.
“With the perfume business you can have over 100% profit, so 50k will give you a bundle package which gives you a 100% profit from sales depending on your salesman skills and target market.”
She added that the 3ml at wholesale can be gotten for ₦500 and sold at ₦1000 with a profit of ₦500 giving a 100% profit while the 6ml is purchased at ₦1000 and sold for ₦2000.
Ekop further gave a financial breakdown on how to be a perfumer with ₦50,000 as seen below
Cost Of Products
- 40pcs of 3ml 10k
- 10pcs of 6ml 10k
- 10pcs of 15ml 30k
How I Made ₦30,000 In 1 Week From Piggyvest Referrals, Including Interests Earned.
How I Made ₦30,000 In 1 Week From Piggyvest Referrals, Including Interests Earned.
It was like a dream, but thank God for reality 😁😁.
I joined Piggyvest on August 12th 2019, and since then, I’ve never regretted my action, although before joining i was a little skeptical about it, but to be successful you have to take risks right?. And, you know what? boom!! i made cool ₦30,000 in 1 week from piggyvest referrals including interest and bonuses earned.
Previously, I wrote an article on how to save, earn & invest with piggyvest. (If you haven’t read the article, you’re missing).
In that content, I vividly explained everything you should know about Piggyvest, including how it works, and how i was able to save money and also earn interests & bonuses (while saving) with piggyvest. Infact It was really fun saving with them 🙂.
The whole essence of Piggyvest was to help people save money, especially for chronic money spenders.
Piggyvest has really made saving fun by making it easy for individuals to save their cash (for future use) while at the same time earn cool interest & bonuses, isn’t that wonderful?
If you’re Just knowing about Piggyvest for the first time, here’s a little introduction.
Piggyvest formally known as Piggybank is the largest single online saving & investment platform in Nigeria
It helps you save and secure your money, in a lock safe. This is to avoid you from touching your money.
You remember the money box which you used in saving your little pennies when you were a kid? That’s how Piggyvest works, but see Piggyvest as a advanced online saving & investment platform.
PiggyVest helps you achieve financial freedom by enabling you save responsibly and invest on the go. Earn 10% – 15.5% interests on savings. Earn over 25% return on investments.
Not only that,… While you save your money on Piggyvest, you can as well earn a whopping ₦1,000 if you refer someone with your referral link. And you know what? The person you referred will also earn ₦1,000 after completing the necessary registration steps, (which includes linking his/her Bank BVN number with their Piggyvest account) and also funding his/her account with the total of ₦2,100.
Initially Piggyvest was all about savings, but right now it’s loaded with many awesome features such as:
1. Savings Wallet: This is your core wallet, where all your monetary savings are saved.
2. AutoSave: Piggyvest autosave is a feature that allows you to set a specific amount of money you want to save, either weekly or monthly. The exact amount will be debited from your bank account straight to your piggyvest savings account.
For example: If you set, ₦2000 daily autosave. The sum of ₦2000 will be debited from your bank account into your piggyvest savings account on daily basis.
Note: You can turn off this feature, just incase if you don’t need it.
3. SafeLock: This is an awesome feature that enables you to lock away some part of your savings till a particular day so that you won’t have access to the money or be tempted to touch the money till that day you want to put the money in use. And you know what? you will be paid up to 12% as interest.
You can have more than one SafeLock; and you can give them different names (purposes) too.
Example: You can have a SafeLock for your Fees, Wedding; Birthday; Vacation etc.
Upon maturity, all funds that you have put in Safelock will be sent to your Flex Naira wallet.
4. Target Savings: This is another awesome savings feature by Piggyvest. Target saving also called savings challenge helps you and others save for a common interest. With this feature you can save money in group or collectively in a central place until target is reached and interest will also be paid as well.
5. PiggyFlex : Also called flex naira wallet. This is a wallet where all your interest earned from referrals, safelock and target savings are paid into.
Earnings from this account can be withdrawn anytime and likewise, transferred to other saving plans.
6. Investify: investify was newly added in Piggyvest. Just like other investment apps in Nigeria, investify is an investment feature that enables you invest in profitable industries and production for the sole aim of making more profit with 20% interest.
7. Flex Dollar Wallet: This is yet another new feature in Piggyvest. Dollar wallet allows you to save in dollars and earn, transfer to friends in dollars, convert dollars to naira, transfer to bank in dollars to your domiciliary bank account for a small fee.
The sole aim for dollar wallet is to enable you take control in dollars, helps you protect your money from devaluation, save, invest and transfer in dollars.
Is Piggyvest Really Secured?
Talking about security, believe me Piggyvest is 100% secured and there’s nothing to be scared about. Like I stated earlier, I was skeptical about joining Piggyvest at first. Before i summoned courage together with a leap of faith and today I’m a living testimony.
Speaking of which, i had to even contact them on Twitter, asking them about their security measures and authenticity. See there response below:
Below Are Reasons why Your Money Is Safe With Piggyvest.
- Piggyvest is registered with piggyTech Global company Limited.
- Initially they operated in partnership with 2 Microfinance banks and used their licenses. But now they have acquired Gold Microfinance bank and its license. Which means they are licensed financial firm.
- All financial information is encrypted and stored to PCIDSS Level 1 compliant standards. PCIDSS Level 1 compliance is a set of rules stated by credit card companies and audited by an independent third party.
- They have a head office which is located at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos.
- All saved funds are warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
How Does Piggyvest Referral Work?
After you must have successfully completed your registration as a Valid user. You can obtain and share your referral links to your friends & family, convincing them to register with your link and save with piggyvest.
Once all necessary registration steps are done (which includes linking their BVN number with their Piggyvest account) and also funding their account with at least ₦2,100, you will receive ₦1,000, while the person you referred also receives ₦1,000.
Let me break it down for a better understanding.
The whole essence is,… before you earn your free ₦1,000 from piggyvest you must be a valid user and this brings us to the question:
How Do I Become A Valid Piggyvest User & Redeem My Free ₦1,000.
- Step 1: You have to redeem your free ₦1,000 by linking your Bank BVN number with your piggyvest account and fund your flex naira wallet with at least ₦100 (one hundred naira) via a direct bank transfer.
- Step 2: Fund two of your savings wallet with at least ₦1,000 each via a direct bank transfer. These two saving wallets are Piggybank Saving wallet and Safelock wallet.
Example: After linking your bank BVN number with your Piggyvest account, this will automatically unlock your flex naira account number. Then Proceed ahead to fund your flex naira wallet with ₦100.
After successfully funding your flex naira wallet, the next approach is to fund two of your savings wallet with ₦1000 each. And as mentioned above these two Savings wallet are your piggybank Savings wallet & Safelock wallet.
This goes down to a total of ₦2,100.
Once all of these are done, your referral bonuses will be unlocked and sent to your flex naira account at the maturity date. (Which is 10 days). Hurray!!! You just earned free ₦1,000🙂.
Earnings continues as you successfully refer people after complete registration.
This was how i was able to make a whopping ₦30,000 just in one week through referrals including interests earned.
Over To You.
So what are you waiting for? Click Here, through our referral link to register with piggyvest to save, invest and also earn your free ₦1,000. But remember, you must link your BVN number with piggyvest account, fund your flex naira wallet with ₦100 and also fund your two savings wallet with ₦1,000 each before you can successfully redeem your free ₦1,000.
Note: If you don’t register through someone’s referral link you won’t earn a dime. You’ll only earn ₦1,000 only when you register through someone’s referral link and complete all necessary registration steps.
Possible Questions & Answers
Q: Why Must I Link My BVN With My Piggyvest Account?
A: To be honest this was the same question I asked when I was introduced to Piggyvest.
After getting the answers i needed coupled with the authenticity of Piggyvest, I came to realize the importance for linking my BVN with my Piggyvest Account.
- Your BVN is required to validate your identity and kick against identity theft. This ensures another level of safety for your funds and transactions.
- Linking your BVN with your Piggyvest Account will enable you unlock your flex account number. It also unlocks other features like transfers from your Flex naira account to another user’s Flex account.
Q: How can i get my Piggyvest referral link?
A: Login into your piggyvest Account. Click on “Account“,
Then scroll down and click on “Refer & Earn ₦,1000“.
There You’ll find your Piggyvest referral link or code.
Q: What happens when a user doesn’t complete his/her registration?
A: When a user doesn’t complete his/her registration (using your referral link), you’ll receive a email notification notifying you about earning ₦1,000, but will be extended forever (on 10 days intervals) due to incomplete registration of the user. See screenshot below.
Untill the user successfully completes all registration steps, that’s only when your referral bonus will be unlocked.
Q: How can i see the list of my piggyvest referrals?
A: You can see the full list of your referrals by clicking on “Account” scroll down and click on “Refer & Earn ₦1,000“, there you’ll see the full list of people you referred.
Q: How do i withdraw my money from piggvest?
A: To initiate a withdrawal from piggyvest, you can simply do that by clicking on “Account” then scroll down and click on “Withdrawal“. Select amount you wish to withdraw, and your bank account will be credited instantly.
Note: Any withdrawal outside the withdrawal date (which is 31st March, 30th June, 30th September, 31st December) attracts 5% breaking fee.
But if you should withdraw your money on withdrawal date. No charges will be levied on you.
Enjoy Piggvest .🙂
7 Benefits Of Remote Job & Why You Should Apply For One
The whole idea is to work from the comfort of your home and still get paid. Isn’t that interesting? In this very article I’m going to detail out the benefits of remote job, but before we go into that, if you’re just knowing about remote jobs for the first time, then let’s take a look on what it’s all about.
What’s A Remote Job?
A remote job also known as telecommuting job are types of jobs or works that enables or allows you work from home or any location (apart from office). This kind of job is done away from the office in a remote location.
In the resent job market, companies have realized the benefits of remote job and its advantages towards boosting the companies effectiveness and achievement of goals. Organizations save an average of $11,000 per year per part-time telecommuter, or 21% higher profitability.
For this reason, thousands of remote job opportunities are available for application.
Now….. What Are The Benefits Of Remote
1. It Saves Time.
Think about it, you wake up from sleep, quickly take your shower, breakfast, get dressed and drive to work. You may even get delayed due to traffic. This are time consuming and stressful.
In the case of working remotely, it’s totally a different story. You get to have an extra sleep in the morning, eat healthy breakfast, take your time while you showering, spend some time with family and possibly start work earlier. You also get to pick your kids back from school (at the usual time), meet up with appointments, meetings, and do some home chores. This is a whole stress free work lifestyle.
2. It Saves Money.
Buying gas, or petrol for your car, (that’s if you have one), paying for taxi, and other possible expenses associated while heading to your office is also another advantage of working remotely.
Working remotely cuts you costs and also helps you save money. Read how to save money with piggyvest.
3. You Get To Spend Quality Time With Family.
Family is everything. Another benefits of remote job or working remotely is getting to spend quality time with your cute family, play with your kids, have engaging talks with your wife and live a healthy and happier life. This in turn builds strong bond in the family.
4. A Customized Office.
Working remotely is another reason why people have classy and beautiful home office. You have the ability to make your home office look exactly how you want it. In a home office, you can paint the walls in calming colors; take it to the next level with massagers, foot rests, and air purifiers; or deck it out with smart devices to make working easy and seamless.
5. It’s Convenient and Increase More Productivity.
Working from home typically leads to less distractions, less office politics, a quieter noise level, less or more efficient meetings, the ability to dress more casually and comfortably and as mentioned above in a more personalized office environment.
6. Helps You Focus On Other Business.
As per working remotely, you can as well focus on other business that will generate revenue. As we all know remote jobs aren’t 24 hours job. You get to work for some hours and also establish other income streaming businesses, like mini importation business, video gaming business, or even fish farming business. This is particularly favourable to business owners.
7. It Gives Freedom.
Freedom.! Freedom from commute and negatively impacting the environment. Freedom to choose the hours that are most productive for you and for your company. Freedom to change locations and travel without having to take vacation days. Freedom to spend with people. You’ll be free just like the bird in the sky.