HOW TO START IMPORTATION BUSINESS FROM CHINA TO NIGERIA
To start importation business from China to Nigeria is one of the most flourishing business opportunities you can ever think of because they have the best affordable prices of goods. China is also one of the main sources of all the hot selling and fast moving consumer products.
In this article, I will inform you how to tap into the business opportunities in China in order to make millions of money within a short time.
HOW TO IMPORT GOODS FROM CHINA TO NIGERIA
As an intending importer, before you start importation business from China to Nigeria, you need to;
Know the level of demand for the products
You have to focus and import goods that have huge potentials of being sold in Nigeria. Validating an idea or product is important because it helps you get a sense of the potential market or, lack of market, for your product idea before spending a lot of time and money on it. Additionally, when you have information on the demand of products, it will encourage you to do more investments in such items and offer them for sale in Nigerian markets.
Find a reliable and dependable supplier from China
Searching for a qualified manufacturing facility for your products in China is not an easy task. Extensive screenings of potential suppliers is crucial to ensure that you find a proficient, trustworthy and excellent supplier and also build a long-term relationship with them. You will begin by getting in touch with with suppliers through phone and email to pre-assess their capabilities, find out who actually owns the company, if the company possesses the manufacturing licenses for the products they produce.
Be watchful of scammers
Scams and fraud have been a big issue in the importing business. Some importers receive the products and they are fake or not exactly as the supplier described, some pay for the products but they are never shipped and delivered. It is important to be extremely careful to avoid such scammers.
Understand the trade laws and terms between China and your country
It is important to know the trade and shipment terms, so as to avoid possible conflicts such as goods being forfeited by the Bureau of Customs or violation of special laws.
Hire a customs clearing agent
Lastly, you need to appoint an expert customs clearing agent to ship the products to Nigeria. Place your order with the agent and identify the shipping terms to use. Another point to note is that shipping by ocean is quite time-consuming, meaning that it requires a lot more long-term planning compared to domestic product purchases.
In summary, the best part of The Chinese market and industry is that they are highly skilled in producing any goods according to your requirements and your local need. Meanwhile, it is advisable to explore online marketplace, international marketplace and product opportunities before trading goods to Nigeria. See also List of documents needed for the importation of goods in Nigeria and procedures of exportation of goods for more guidelines on the importing and exporting business in Nigeria.