How to Import goods from China to Nigeria and Make Millions

The first successful businesses that I ran was an online eBay store selling sports clothes. You might be wondering how was it so successful because everyone sells sports clothing online. The business was so successful because I had a niche, and a reliable supplier.

My niche was selling limited edition trainers, t-shirts and jackets, which I bought from my supplier who was based in China. So I was basically importing goods from China to sell.

90% of my customer’s were from the USA and Western Europe, so I had to continuously carry out detailed research regarding current and future fashion trends. This allowed me to meet their needs and provide products that they wanted.

So how successful was this business? The answer is – very successful! The businesses was so successful that it paid my way through college and university, and it provided me with a lavish lifestyle and enough capital to set up my next two business ventures.

My profit margins were ridiculous. My profit margins were sometimes as high as 80%. There were some items I could buy for $20 and sell them for $100.

I ran this business from 2001 to 2005. Since then I’ve started many successful online businesses, but the lessons I learned whilst running this business are some of the most important lessons I’ve learnt during my time in business. Although eCommerce has evolved since then, I don’t think much has changed when it comes to searching and successfully selecting suppliers online.

Through this blog post I’m going to share with you some of my biggest secrets. Use these secrets and top tips to understand the process of importing goods from China to Nigeria and make millions of Naira.

How to Import goods from China to Nigeria and Make Millions

Before You Start Importing Goods from China to Nigeria

You might be asking yourself.  “How can I import goods from China to Nigeria”.  But, before you step into this business you must ask yourself several questions like:

  • How and Where to find suppliers?
  • How to decide what to sell?
  • What price to charge customers for the goods?
  • How to avoid scams?
  • What areas to focus on when researching?

The good news is that all of these questions will be answered in this blog post. Not only this, but you will also find out what items to buy, and why you should buy them.

If owning a lucrative business is your goal, you should folIow a methodical approach. This is why I have provided you with this step-by-step guide that will help you identify high quality products that will increase your chances of business success.

Before you jump in headfirst, you need to know that this lucrative business is risky in several areas. But also, if you are careful and make wise choices you can earn millions of Naira by importing goods from China to Nigeria.

Follow these steps to increase your chances of earning millions of Naira.

Step 1: Understand why you have chose to import goods from China to Nigeria

This might sound obvious. The first thing that you as a Nigerian Entrepreneur must be clear about is the reason why you are stepping into the importation business. If you plan to start a profitable business in Nigeria by importing items to sell then you must carry out detailed market research about what goods can be easily marketed and sold in your area.

To understand your market, you need to carry out market research and develop a marketing strategy. For instance, you can start by ordering small quantities for testing purposes. By doing this, you can check the quality of the products and show samples to potential customers.

Making use of social media (e.g. Twitter, Whattsapp, BBM, Facebook Instagram, Pintrest and Google+) to advertise your business and goods is essential.

As soon as your customer orders start flowing through you can increase the quantity of your orders with your supplier. At this point I would recommend that you start negotiating prices with your supplier. If you order in bulk your supplier might be willing to offer you discounted and cheaper rates. This is because the supplier will be generating revenue from the same client in a single consignment rather than making multiple transactions with different clients. This reduces the overall cost of each unit to be sold.

Step 2: How to Decide What Goods to Import from China to Nigeria

Select your niche with careful research. Stay focused and import goods that have huge potential of being sold in Nigeria. So being focused and clear about why you want to import goods is the main understanding required at the beginning. Next you must decide on your niche, which will determine what goods you will import. As a starting point the areas I have successfully targeted are:

Accessories – you can enjoy markups of 100% to 1,000% on accessories, and customers are much less price-sensitive about them.

Goods that Satisfy a Passion or Problem – It’s amazing how much money passionate hobbyists will spend.

Hard to Find Locally – Pick products that are hard to find locally, and you’ll be able to get in front of the vast majority of your customers as you become locally renowned for supplying that product.

Low Product modification – If your product line is frequently changing, you could end up holding a lot of outdated stock. This isn’t a problem if you have a high turnover or large capital reserves.

Consumable or Disposable Products – these products have to be ordered on a regular basis, which is good news for you. It’s far easier and cheaper to market your product and to sell to existing customers who trust you than to new customers. Keep your customers happy – you’ll be on your way to building a profitable business with recurring revenue.

Step 3: What Should I import from China to Nigeria?

Hopefully at this point you have decided on your niche. You can be more specific and filter your list of potential goods even further by using the points below.

Keep them small and lightweight:

It’s always better to import small and lightweight products. Try to restrict yourself to small items. If you decide to import low value items that are heavy, you will find that your shipping costs will eat away at your profit, so be careful.

Avoid selling what you buy:

Popular and essential household items like refrigerators and TVs should be avoided. This is because we buy these items ourselves and competing in any of these markets is difficult. You will need huge amounts of capital to penetrate the market

Avoid seasonal items:

Unless you have a solid strategy or pre orders in place, you should avoid seasonal items. It is safer to go for items that have consistent demand all year in Nigeria. For example if you order Christmas related goods during Christmas season, you will sell a lot of goods, but if you haven’t ordered accurately, you will be left with a lot of useless inventory that you have to sell cheap to get rid of, or pay for it to be stored until the next Christmas season.

Free shipping to Nigeria:

If free shipping to Nigeria is available, you should research the supplier and products. Your profit margins can be considerably increased with free shipping. There are options available for this, but it is worth stating that free shipping can take almost 15 to 60 days. Another way to get free shipping is through DHL. Through this method you can have your goods delivered in just a few days. But not a large amount of products are shipped through this method.

You can always talk to your supplier about the free shipping. Some of the suppliers agree to do this while others do not. Even if your supplier does not agree to free shipping don’t be afraid to negotiate shipping cost. The price advertised doesn’t have to be the price that you pay.

How to Import goods from China to Nigeria and Make Millions

Step 4: Searching for and Selecting a Good Supplier

How to spot a good supplier online:

There are plenty of suppliers operating online. Selecting a reliable and competent supplier is a crucial part of launching a business and needs to be a key part in your business planning process.

Therefore, you need to consider several things when selecting a supplier. For instance:

  • Check their selling history. How many goods have they already sold online. Where are their customers based? How long have they been operating for. Is their feedback generally positive or negative?

Even good suppliers receive the occasional negative feedback. The key is to understand if this is a unique incident, or is there a common theme with their negative feedback. Feedback is important because it will help you find out if there are any potential issues you might encounter with the supplier.

  • Supplier ratings are very important. To avoid issues, do not go for suppliers with less than 98% ratings.
  • Never settle for one supplier. Always search carefully for several suppliers. Compare prices, feedback and quality, and then make the final decisions.

You can often get the same products at different rates from different suppliers. Select the supplier with the best reputation and lowest price.

  • Last but not least, always chat with a supplier before placing an order.  Confirm if they have the required goods and their quality. Most importantly, ask him whether or not he can send your items to Nigeria. If he can’t, then you always have open room to talk to another supplier.

Where to find potential suppliers:

One of the most popular sites where you can find suppliers and easily import goods from China to Nigeria is “AliExpress”. This site can quickly become your best friend or worst enemy. The outcome totally depends on how you use the website.

You can find just about anything on this site. You can find branded and none branded goods of high and low quality. For example orders can be placed for cheap androids and laptops. They are not the usual brands like Apple, Dell, HP and Toshiba but they can be of high quality.

If you become successful in creating a market for cheap gadgets then there is no doubt that you can earn huge amounts.

How to use and navigate AliExpress:

There are several categories available on Aliexpress.

  • First of all select the category that matches your niche.

How to Import goods from China to Nigeria and Make Millions

 

 

 

 

 

 

 

 

  • After selecting the category you may browse for specific things that you want to import.

How to Import goods from China to Nigeria and Make Millions

  • In order to locate a genuine seller on AliExpress, I’d recommend you go for sellers that have a rating of 98% or more.
  • You do not have to own a PayPal account to buy goods from AliExpress. You can also use a GTB naira master card or a UBA Naira visa Africard to make payments. 

Don’ts of the online import business:

  • Don’t ever pay directly to the supplier
  • Don’t use sites that aren’t verified or certified for security. Avoid spammers at all costs. Don’t be tempted by emails inviting you to buy something like “Discounted Rolex Watches.”
  • Don’t complete or carry out transactions outside of the verified site
  • Don’t pay by debit card, cash, or wire transfer. Try and use credit cards or Escrow account payments as it gives you an extra protectionHow to Import goods from China to Nigeria and Make Millions

 

 

  • Always make the payments with the help of escrow. This way your payment will be protected, and only be released when you confirm that you have received your goods at the right place, price, quality, quantity and time
  • In case the items are not as described and agreed, then do not worry. You can always claim and get a refund if your claim is true
  • Don’t trust suppliers that refuse to ship single samples. They are just trying to bluff your, or are not being 100% open.  This is a bad sign.
  • Don’t buy in bulk quantity for your first order. In the beginning order small quantities to check the quality of the items and the reliability of the supplier.  Once you are happy you can increase your order quantity and frequency depending on demand.
  • Don’t forget to inspect your goods as soon as they arrive

Conclusion:

As it turns out, importing products from China to Nigeria is a profitable business indeed. But to be successful you must be clear about why you want to do it, and have a plan of how you will be successful.

There’s a lot more to the importation business than just shipping any old product. To sum it up, here is what I learned from importing goods from China to Nigeria, and what I think you should learn as well.

  1. Understand why you have decided to import goods from China to Nigeria
  2. How to select your niche.
  3. Identify what goods in your niche are suitable for importing from China to Nigeria
  4. Learn how to keep up to date on current trends in Nigeria
  5. How to select a reliable and consistent supplier
  6. Learn how to create a strategy

If you really take on this set of best practices, I think you’ll be destined for success and realise your financial and business potential. Put what you’ve learned in to practice. I’d love to hear how it goes.

By | 2017-07-23T17:44:17+00:00 July 15th, 2015|Business, Business Tools, Startups|170 Comments

About the Author:

Terser Adamu is the founder of mynaijanaira.com. He is a passionate business professional who loves helping small and big businesses with practical business advice from business processes to marketing to sourcing. Basically anything that will help your business grow, and become successful. Joseph is widely renowned for his diligence and eye for detail. This is how the mynaijanaira.com story began. mynaijanaira.com was created to provide quality tips, training and mentoring to startups, entrepreneurs and business lovers. The aim is to help you increase your business knowledge and profits. Join the revolution and share the information ☺ Please share any feedback you have regarding our site and products. Please download a copy of my FREE Ebook: Discover How to Run a Successful Business in Africa

170 Comments

  1. Onyebuchi January 26, 2018 at 12:33 pm - Reply

    Hello sir, thanks for the information.
    Please How do I know am using Escrow to make payment

    • Terser Adamu February 14, 2018 at 2:48 pm - Reply

      Hello Onyebuchi,

      The provider of the service will be able to inform you whether or not you’re using Escrow

  2. Okereke Lilian. November 29, 2017 at 2:43 pm - Reply

    I have been longing to see this, please do I need to have a company before I can import or talk to a supplier.

  3. Amaka November 12, 2017 at 4:45 pm - Reply

    My problem now is the goods to import. I have tried cosmetics and I observed in the trade far market I am, they only do call business. You can never see the customers coming to buy. All the goods I import for months now are there. I don’t know what to do. Please help me. I have made alot of market research but no body has ever tell me the truth. I need help uncle

    • Terser Adamu November 19, 2017 at 2:48 pm - Reply

      Hello Amaka,

      thank you for contacting me and pease don’t lose faith. Can you please let me know what market research you carried out, and how you have gone about marketing the products that you have already imported.

  4. Larry Andy November 12, 2017 at 4:15 pm - Reply

    Hello Terser, I’m really glad to see this write up and with what you’ve listed here. Please will I need permission from the custom for me to be able to import into Nigeria and I really want to to counsel me personally. Hope to hear from you soon.

    • Terser Adamu November 19, 2017 at 2:57 pm - Reply

      Hello Larry,

      The first step to take is for the importer to submit relevant documents for Pre-Arrival Assessment Report (PAAR) issuance through the bank that issue the Form M. The documents that are the submitted are:

      Form M
      Original Bill of Lading
      Packing List
      Proforma invoice or commercial invoice
      CCVO (Combine Certificate for Value and Origin for the imported goods
      Certificates that may be issue agencies like NAFDAC, SON (SONCAP)
      Letter headed application for value and PAAR

      You can do this yourself or pay a reliable freight forwarder or customs agent to handle the process for you.

  5. Ajayi tolu September 25, 2017 at 9:20 am - Reply

    Sir I need your mentor ship, I want to start importing goods from China and Dubai, I’ve tried sending you mail but not delivering. Please is there any other medium to reach you sir?

    • Terser Adamu September 26, 2017 at 9:21 pm - Reply

      Hello Ajayi,

      As you can imagine I receive many requests for mentorship, especially for importation business.

      Because of this I’m planning to design and deliver some importation online courses. Please register to my mailing list to receive updates.

  6. Afolabi Abayomi August 31, 2017 at 6:51 pm - Reply

    This is so concise and helpful. I tried to buy some things on Aliexpress several times before with my debit card but the transactions did not go through and I gave up. Going by your writeup, maybe I was lucky. Thank you

  7. Chiemezie August 30, 2017 at 9:50 pm - Reply

    I was researching about hidden online portal for online importation. And is it possible for a product to deliver in 2 days.

    • Terser Adamu September 7, 2017 at 6:53 pm - Reply

      For a package to be delivered from China to Nigeria in two days it must travel by air, which woud be a lot mmore expensive than travelling by sea.

      Yes it is possible, but it will also be a lot more expensive.

  8. HILLARY August 27, 2017 at 9:11 am - Reply

    thank you so much for this piece…

    • Terser Adamu August 30, 2017 at 9:59 pm - Reply

      I’m very happy that you found value in my blog post 🙂

  9. Oluwasayo August 26, 2017 at 4:56 pm - Reply

    Am glad to read your points on importation business, this is wat I had vision for so long time, am about starting pls I want you to be my mentor. how can I reach you personal?

  10. Shayor August 26, 2017 at 12:22 pm - Reply

    Mr Terser Adamu, I believe I am blessed to locate you, I have this vision of doing importation business most especially importing from China, your words really encourage me to make a start, pls sir I want to choose you as A mentor, how can I contact you personal.
    thanks.

  11. Bakare tope August 24, 2017 at 12:10 pm - Reply

    Am an entrepreneur in Nigeria but am ordering a for goods from China. My account can’t be link with paypal but can I use payoneer is it safe. What is %rate. One agent said 5% while the one said 15 %. I need an urgent response.

    • Terser Adamu August 24, 2017 at 12:21 pm - Reply

      Hello,

      Please give me more information.

      Which account can’t be linked, and percentage rate for what?

  12. Muna August 22, 2017 at 9:07 pm - Reply

    Hello sir, I’ve been searching for someone like you. Please BE MY MENTOR. I’m a young entrepreneur destined to succeed ; but every great entrepreneur must have a mentor and I choose you. Please how can I contact and keep in touch with you sir?

    • Terser Adamu August 24, 2017 at 12:25 pm - Reply

      Hello Muna,

      I’m flattered by your message. As you can see from the messages in my blog posts I’m always willing to offer pieces of insight and advice.

      Please feel free to contact me by email on admin@mynaijanaira.com and we can discuss further.

      Have a great and productive day.

  13. Mouhamed August 21, 2017 at 9:24 am - Reply

    I m from Senegal but currently living in China where I got my trading company since 2012 after my master graduation in China. I have checked your blog post and I found it very interesting and encouraging. By the way I would like to clarify the bloggers who wants purchase in China Ecommerce website to be very careful with whom doing business or because there are many fake suppliers on those website. but u still can find good one on alibaba , Tmall , Aliexpress and so on . Take your time to check very carefully the company reputation by many aspects before place your order.

    • Terser Adamu August 21, 2017 at 11:13 pm - Reply

      Very accurate and on point. Thank you for you valuable contribution

  14. Ben August 20, 2017 at 6:18 pm - Reply

    Love to know where to get women footwears imported from China from a supplier in Nigeria.Am based in Uyo,I need links that can supply me sir.thank you.

    • Terser Adamu August 21, 2017 at 11:12 pm - Reply

      Hello Ben,
      Please use the step by step information provided in my blog post.

      As I mentioned in my post you can find suppliers of any product through Chinese ECommerce websites, but be very careful with who you do business with because there are many fake suppliers on those website, but also plenty of good suppliers. Check out websites such as Alibaba, Tmall, and Aliexpress.

      Take your time to check very carefully the company reputation and feedback from other customers before placing your order.

  15. Tochukwu August 18, 2017 at 11:22 pm - Reply

    How can i obtain that e form m and what are the requirements to obtain that sir

  16. Dupe August 10, 2017 at 4:42 pm - Reply

    Thank for the information pls from customs prohibition list i saw shoes re not allowed to b imported how true s that

  17. Chinyere Charles August 3, 2017 at 3:03 pm - Reply

    Good day great one. Pls i need ur help to link me to those dat supply children nd adult men used shoes pls.

    • Terser Adamu August 3, 2017 at 7:46 pm - Reply

      Hello,

      If you have an idea of what brands you want to buy you can contact the clothing manufacturers and they can direct you to wholesalers of their products. If they don’t sell wholesale themselves or cannot sell to you because you are not a high volume buyer. You can also find information about wholesalers by simoly search online for stores, sellers and directories. These offer great sources of information about wholesalers within your local area that you can contact and easily do business with. You should also check out trade magazines online and offline as they are good sources of information about clothing wholesalers.

  18. Hadonk August 2, 2017 at 7:57 am - Reply

    Enlightening post no doubt! Please can inverter batteries be imported to Nigeria from China…..or is it in our customs contraband list?

  19. abby July 29, 2017 at 7:11 pm - Reply

    What’s with the M form? Must i have that before importing goods from abroad? How where you able to have your suppliers goods shipped to your customers even when you are not abroad

    • Terser Adamu August 2, 2017 at 9:52 pm - Reply

      Hello Abby,

      I’d advise that you check out the Nigeria Customs Service website for a full list of the documentation required to import goods in to Nigeria.

      https://www.customs.gov.ng

  20. Uche July 24, 2017 at 11:37 pm - Reply

    Share me your phone number

  21. mathias terhemen msua June 27, 2017 at 7:42 am - Reply

    your post is very much enlighten
    thanks.
    please what goods will you recommend i start my importation business with N10,000 only
    .
    thanks

  22. Jeff May 4, 2017 at 6:42 pm - Reply

    good day sir…..i intend to import baseball caps(face caps) from china and was doing a survey bout shipping costs when i fortunately bumped into your timeless article….pls what costs do you think i would have to deal with in carrying out this business,thanks…..pls i would like to chat more privately with you

    • Terser Adamu May 7, 2017 at 7:44 am - Reply

      With regards to import and clearance charges, here is a list of the charges you could incur when shipping from China to Nigeria. The costs are dependent on the type of product and weight:

      1. Import Duty
      2. VAT
      3. Custom clearance charges per load
      4. Port handling

      You can get more information by visiting the Nigerian Customs Service website:
      https://www.customs.gov.ng/

  23. Augustine Chibunna April 20, 2017 at 4:00 am - Reply

    Sir please, must I go through Aliexpress? What about sites like Alibaba or Tmall, please help and can I start this business with as little as #1000?

    • Terser Adamu April 22, 2017 at 11:32 am - Reply

      Of course not. I would suggest that use any platform that has reliable and trustworthy suppliers with secure payment services.

      Firstly, research the website and gather customer feedback regarding how reliable and trustworthy it is. Once you are happy with the website you should follow similar steps before choosing a supplier from that website.

      These steps are all detailed in my blog post.

  24. Ronke April 14, 2017 at 5:54 pm - Reply

    Thanks so much for the wonderful write up. It so much benefited me…

    I have some questions,
    If one is to import from online sites like alibaba,how will it be collected? Cos am based in d north& I keep wondering…how will the custom duty charges be paid? will there be need for a clearing agent?

    • Terser Adamu April 18, 2017 at 3:51 pm - Reply

      Hello Ronke,

      The buyer will be responsible for custom duty charges. This can be discussed with the seller and they can recommend a reliable courier or Freight forwarding company who has a standby clearing agent. Preferably someone that they use regularly, have an account with and can obtain their services at a cheaper rate.

  25. babatunde April 3, 2017 at 6:42 pm - Reply

    thanks for your advice…my question is that,can payment be made through paypal??your reply is highly anticipated.

    • Terser Adamu April 3, 2017 at 9:12 pm - Reply

      This totally depends on what you agree with the supplier and what payment methods they accept.

      You’ll have to discuss and agree this with potential suppliers.

  26. Samuel F. Akpan March 5, 2017 at 8:51 am - Reply

    Good morning sir, my dream has always been a suppliers of jeans and T shirt to dealers in my state, and I want a company you can link me to who can be given me this based on trust, so that after sell I send their money to them. please how can you link me up . I will really appreciate.

    • Terser Adamu March 6, 2017 at 7:30 pm - Reply

      Hello,

      I’d advise that the best way of doing this is if you develop a relationship or “trust” with a business yourself.

      It is very unlikely that any business will carry out business in this capacity without having a trusted relationship with you.

  27. Adeoye March 2, 2017 at 1:43 am - Reply

    Please why do I need a form m or import license ? Do I need them to import over the internet?

    • Terser Adamu April 22, 2017 at 11:43 am - Reply

      Exports to Nigeria have been under intense scrutiny for some time and now the majority of imported products require a ‘Form M’ number to be displayed on the export documentation

      e-Form M was put in place to monitor goods that are imported into the country as well as enable collection of import duties where applicable

  28. saleh February 10, 2017 at 10:47 am - Reply

    I sale motorcycle spare parts can I import from China with a capital of less than 200k ?

    • Terser Adamu February 12, 2017 at 7:39 pm - Reply

      200k is not a significant amount, but I can be possible if you start small with standard parts such as nuts, bolts, washers and screws.

  29. Helen January 29, 2017 at 7:05 pm - Reply

    Hello, my name is Helen, i intend starting business but I’m thinking of going to china myself to get the goods, what do you think is it a good idea?

    • Terser Adamu January 29, 2017 at 8:15 pm - Reply

      Hello Helen,

      I think it’s a great idea if you have the budget, if you’re looking to find suppliers that you can forge long lasting relationships with, if your products have specific specifications so you would like to assess whether the factories producing it have the technical capability to produce to your requirements.

      Welcome to the My Naija Naira community!

  30. Femi January 18, 2017 at 10:47 pm - Reply

    Hello I am Femi and i need an Advice because i sant to start importing from China on a small scale. I am based in USA butni will import to Nigeria. Please sir kindly Inbox me sir@ nkechikenneth@yahoo.com

  31. Samuel January 7, 2017 at 3:59 pm - Reply

    yea,

    am so happy for this confirmation, thank u very much for opening my eyes the more, have been asking questions online about importation business I think this the best post I’ve red concerning this, thank you very much, pls I would like to have a mentor for good directive for the first time.

    • Terser Adamu January 7, 2017 at 8:21 pm - Reply

      Hello Samuel,

      I’m so happy that you found the blog post helpful. Please feel free to contact me anytime you need any advice or guidance.

  32. John Andara November 21, 2016 at 9:38 pm - Reply

    omo u 2much great ideas. thankz

  33. chris November 12, 2016 at 1:53 pm - Reply

    wow! this is very informative and educative.Thank you so much for being very generous with this information .May God and man be generous with you. I really want to go into this line of business,and need a mentor.l would be glad to learn from you. Thank you.

    • Terser Adamu November 13, 2016 at 11:57 am - Reply

      Hello Chris,

      thank you for the great feedback. Feel free to contact me anytime you need advise and guidance on this topic.

      Welcome to the My Naija Naira community!

  34. Ogundeji Taiwo October 7, 2016 at 11:45 pm - Reply

    God bless you sir. The question i have for you is about the custom and custom duty. Does custom won’t charge for importing goods when landed? If yes how do we go about?

    • Terser Adamu October 13, 2016 at 8:46 pm - Reply

      Hello Ogundeji,

      Part of your responsibilities is that you may have to pay VAT, Customs Duty or Excise Duty on goods sent from outside of Nigeria before you can collect them.

      For further information you should check the Nigeria Customs Service website https://www.customs.gov.ng

      Welcome to the My Naija Naira community and good luck with your venture!

  35. Somtochukwu Dibie October 4, 2016 at 10:03 pm - Reply

    Hi!
    Thank you for this interesting write up. I got a lot of valuable and noteworthy information reading this and I can tell u it’s was well digested.

    One question that I have to ask is, what’s your take on the current economic situation as regards the import business and is it advisable to start any sort of import business now given the current recession happening in nigeria?
    An answer would be well appreciated, thanks again…

    • Terser Adamu October 13, 2016 at 8:50 pm - Reply

      Hi Somtochukwu,

      most payments in the import business are made in dollars, and with the current economic climate the Naira to dollar exchange rate is very weak. Trying to enter the import business at this moment would be costly and very risky.

  36. Somtochukwu Dibie October 4, 2016 at 10:02 pm - Reply

    Hi!
    Thank you for this interesting write up. I got a lot of valuable and noteworthy information reading this and I can tell u it’s was well digested.
    Hi!
    Thank you for this interesting write up. I got a lot of valuable and noteworthy information reading this and I can tell u it’s was well digested.

    One question that I have to ask is, what’s your take on the current economic situation as regards the import business and is it advisable to start any sort of import business now given the current recession happening in nigeria?
    An answer would be well appreciated, thanks again…
    One question that I have to ask is, what’s your take on the current economic situation as regards the import business and is it advisable to start any sort of import business now given the current economic climate in nigeria?
    An answer would be well appreciated, thanks again

    • Terser Adamu August 15, 2017 at 12:10 pm - Reply

      Hello Somtochukwu,

      admittedly, starting an import business a recession is difficult due to two primary reasons:

      1. in a recession consumer spending falls, therefore spending on imports is likely to decrease
      2. In a recession, interest rates are cut, therefore exchange rate falls making exports cheaper and imports more expensive

      You must do your research to assess which industries are products are still in demand and have not been impacted by receission. This is where you will find a truly lucrative business

  37. TOLULOPE September 2, 2016 at 9:15 pm - Reply

    I must say Sir that u have done beyond expectation compared to contemporary bloggers and teachers so called. Am most greatful sir;
    Secondly, in d current economic situation it there profit in small scale importation of 10000below

    • Terser Adamu October 13, 2016 at 8:59 pm - Reply

      Hello Tolulope,

      thank you for your positive feedback, it is greatly appreciated.

      Most payments in the import business are made in dollars, and with the current economic climate the Naira to dollar exchange rate is very weak. Before the downturn in the economy N10,000 would have been sufficient to start small scale importation, but trying to enter the import business at this moment would be costly and your money will not go far. I would advise that you should consider this type of venture once the economy has calmed down.

  38. victor ogbobe August 21, 2016 at 12:58 pm - Reply

    Thank sir for this insightfull revelation.I’ve alot here as an up coming entreprenur.keep it up.

    • Terser Adamu August 21, 2016 at 7:46 pm - Reply

      Hello Victor,

      Thank you for the positive feedback and for taking the time to read my blog post.

      Welcome to the My Naija Naira community, and good luck with your ventures!

  39. Beloved June 14, 2016 at 12:55 pm - Reply

    Thank you sir for the effort to clearify our duobt. I think you have revived many souls here with your page given hidden secrets that many demands money in the name of ebooks, softwares, seminars etc. Once again thanks for educating my fellow Nigerian. I believe following your information and asking questions will help get to the success.

    I also encourage Nigerians to adopt “DIYS” ( Do It Yourself) and leave Asians alone; like importing plastic injection machines, Sowing machines etc and create employment for your fellow citizens, we have hundreds of cheap manufacturing machines that can give you what you want. Thanks to Mr Joseph.

    • Terser Adamu July 30, 2016 at 8:00 pm - Reply

      Hello Beloved,

      I totally believe in sharing information to empower fellow Nigerians/Africans. If we grow together, we grow stronger!

      Welcome to the My Naija Naira community!

  40. Musa Abdulrafiu Imam June 10, 2016 at 6:25 pm - Reply

    This is great but I find it very difficult to belief anybody again in this life due to past experience on the contrary, your article is purely advice not advertisement after the article requesting for money. Pls I need your contact – I mean phone number or facebook/WhatsApp account. I have lost a lot of money trying to do business. Uptill now I have not gotten that business of dream, I still want to do business. How can you truly help for God sake. Pls reply

    • Terser Adamu June 12, 2016 at 10:47 pm - Reply

      Hello Musa,

      sorry to hear about your past experiences.

      You are correct in assuming that my blog posts are purely advice and not advertisements requesting money 🙂

      Please feel free to contact me admin@mynaijanaira.com

      Welcome to My Naija Naira!

  41. isaac elliot May 24, 2016 at 8:08 pm - Reply

    nice tips sir. God bless u for dat. am Isaac elliot omiawele. sir I would be amazed if u highlights me on type of business I will engages on with #200,000 for the now. Becos as a graduate. no job now. so I wana create job for myself sir. don’t knw if I can go into importation sir. sir plz kindly guide me on. I will be very greatful if u replied me as soon as possible sir. God bless u sir.

  42. Kunle May 15, 2016 at 12:00 am - Reply

    I Need Ur Contact Please

  43. Pefty April 22, 2016 at 7:20 am - Reply

    Thank you for that write up…it is really an eye opener,,,,, Pls kindly forward me your active mail address.

  44. Stas April 20, 2016 at 10:04 am - Reply

    I liked the explanations but you didn’t touch the costums/taxes subject. When are the authorities going to demand money from us and when are we going to get the package to our door step?

    • Terser Adamu April 23, 2016 at 12:56 am - Reply

      Hello Stas,

      thank you for reading the blog post and commenting. The reason I didn’t add much detail about customs/taxes is because these subjects are worthy of several blog posts of their own. For detailed and accurate information regarding customs/taxes I would advise you to visit the Nigeria Customs Service official website – http://www.customs.gov.ng

  45. Nura El Bello April 18, 2016 at 9:48 am - Reply

    Indeed You made every thing simple for those interested like me, thanks very much, and in case of any further enquiries let me contact you please via the email you provided.
    thanks a lot
    Nura El Bello.

    • Terser Adamu April 18, 2016 at 10:00 pm - Reply

      Thank you for your positive feedback.

      Feel free to contact me anytime.

  46. 'Ronke April 1, 2016 at 3:21 pm - Reply

    I meant to write the Part 2 of the post which you promised to release. Has it been released?

    • Terser Adamu June 1, 2016 at 8:46 pm - Reply

      Hello Ronke,

      Part 2 has not yet been released. Due to the current economic climate in Nigeria I decided to put this blog post on hold so that I could review the situation in this sector and advise accordingly.

  47. 'Ronke April 1, 2016 at 3:13 pm - Reply

    Thank you very much for this information. Please have you released the Part which you promise? I’m planning to go into this type of business and I pray that I will come back here with a good feedback.

  48. idowu March 29, 2016 at 1:47 pm - Reply

    I find dis very useful, God bless you. Bt plss I still need guidance frm someone lik u, I plan starting dis importing business as soon as possible. Will appreciate if u can get in touch wit me through my email… Thanks alot

  49. G. B. Davies March 28, 2016 at 7:54 pm - Reply

    Quite encouraging.

  50. Jerry March 25, 2016 at 10:32 pm - Reply

    Best importation article i’ve read. Kudos Mr Joseph

    • Terser Adamu March 26, 2016 at 9:16 am - Reply

      Thank you Jerry, you positive feedback means a lot 🙂

  51. Florence Ntali March 4, 2016 at 3:34 pm - Reply

    Sir, I am impressed by your write-up and would appreciate a direct contact with you

    • Terser Adamu March 4, 2016 at 6:46 pm - Reply

      Hello Florence,

      thank you for visiting the website and your positive feedback. Feel free to contact me on admin@mynaijanaira.com

      Welcome to the My Naija Naira community

  52. JohnDan February 21, 2016 at 10:45 pm - Reply

    Can import men’s & women’s clothes from China to Nigeria with the amount of 250,00.00k?

  53. Rade January 26, 2016 at 2:39 pm - Reply

    wonderful piece,thanks alot

    • Terser Adamu January 27, 2016 at 7:43 am - Reply

      Hello Rade,

      Thanks for checking out the website and your positive feedback. Hopefully the information has been useful for you.

  54. Sakariyau Bolaji Abass January 18, 2016 at 7:08 am - Reply

    Whao! This is great.
    .
    I’d like to confess and acknowledge this piece of your as helpful as that which one benefits from. Thanks sir.
    .
    Sir, it’s been a while I’ve been looking forward to having a right info on buying and selling. It’s what I truthfully have passion for. I started importing from China last year when Naira /Dollar rate was a bit not too high. Then, I ordered in small quantity and it was basically on gadgets, daily one like power bank, storage device, etc which I sell to colleagues on campus.
    .
    But now sir, it seems the passion is dying gradually. The rate at which dollar and naira conversion rate is discourages me a lot that I couldn’t order anything again.
    .
    Sir, in this kind of situation, what advice would you like giving me and what precisely do you think I can do to revive my entrepreneurial talent and passion?
    .
    Thanks a lot sir in anticipation of your educating, timely and favourable reply.

    • Terser Adamu January 19, 2016 at 10:11 pm - Reply

      Hello Sakariyau,

      thanks for checking out my blog post and welcome to the MyNaijaNaira community.

      Don’t worry, it happens to everyone. You’re busy constantly working away on your project and it hits you: What am I doing? Why am I doing this? Should I be doing something else?

      Firstly you need to get to the root of the problem and understand why you have lost this passion. Once you’re clear what the root of the problem is, you can start making little changes to yourself and your business environment.

      After you’ve identified the causes, you need to figure out ways to help you get back on track.
      •Remember why you started
      •Celebrate your successes
      •Do the tasks you love
      •Learn something new or develop new skills
      •Take a break and time for you

  55. Michael King January 16, 2016 at 3:38 pm - Reply

    bros, u r a God sent person. may be u don’t kn,u hv been sent to liberate mankind. may God bless u n ur generation.
    After retiring fr d military am embarking on dis biz soonest. Kn for sure dat u r my personal mentor now as far as dis biz is concern. Pls sir, I ll be sending u mail’s often n I plea for frequent replies.
    Am longing to read ur next blog on my email account.
    thanks, God bless u.

    • Terser Adamu January 16, 2016 at 8:33 pm - Reply

      Hello Michael,

      I am totally humbled by your feedback, thank you so much it makes it all worthwhile when I receive such positive feedback 🙂

      I would be more than happy to mentor you, I look forward to hearing from you. Welcome to the MyNaijaNaira community. You can contact me via my email address – admin@mynaijanaira.com

  56. francis ifeanyi January 12, 2016 at 6:17 am - Reply

    All i will say for now is thank u sir for the information,i will get back to u soon

    • Terser Adamu January 12, 2016 at 8:28 pm - Reply

      Hello Francis,

      thank you for your positive feedback, it makes it all worthwhile 🙂

  57. poko philip January 4, 2016 at 3:13 pm - Reply

    can’t I get ur phone number, really want to speak to u…

  58. kolajo j December 15, 2015 at 6:47 pm - Reply

    Thanks for this information. I need your help on how to get my own website and also to contact you for direct face to face discussion

    • Terser Adamu December 17, 2015 at 7:47 pm - Reply

      Hello Kolajo,

      there are many great articles, blog posts and video tutorials on YouTube that will guide you step by step about how to setup your own website. Feel free to contact me If you need more information – admin@mynaijanaira.com

  59. Abdullahi December 7, 2015 at 9:13 pm - Reply

    Hello!!! How do you get your goods in Nigeria after buying from aliexpress.com?

  60. Elochukwu December 4, 2015 at 9:24 am - Reply

    Comment…sir u are realy a great man. pls i want to import second hand cloth, can i get it from china

    • Terser Adamu December 5, 2015 at 9:55 pm - Reply

      Hello Elochukwu,

      thank you for visiting the website and commenting. Yes you can buy second hand clothes in bulk from China, but you can also buy them from Europe. When dealing in this market you will buy by weight or container load, and there is not much option to specify specific details about the items such as size, styles or colours. You just have to wait for the items to arrive before you find out what has been allocated and sent to you.

      Good luck with your venture.

  61. jane November 30, 2015 at 4:13 pm - Reply

    How can I contact you ?

  62. Peter I. I. November 29, 2015 at 12:35 pm - Reply

    Tnx 4d reply, u jst boosted my morale, God bless u. Hope I can stil contact u if I hv further questions?

    • Terser Adamu November 29, 2015 at 9:10 pm - Reply

      That’s great news Peter. Of course you can contact me if you have any questions or need advice.

  63. agboola November 29, 2015 at 9:07 am - Reply

    will I need to pay for customs duty for sports goods and how much. secondly, do banks offer this escrow account scheme and what is their rate. thanks u are doing a good job. we appreciate

    • Terser Adamu November 30, 2015 at 8:50 pm - Reply

      Hello Agboola,

      In most cases the recipient of the goods is responsible for the payment of duties and taxes, unless the invoice specifies that a third party should be billed. So you will be responsible unless you have reached an agreement with your supplier for him/her to pay these fees.

      The import duty is calculated as a percentage of the customs value of the goods.

      The customs value is made up of:
      + the price paid for the goods (sales tax included)
      + the insurance cost
      + the shipping cost

      A lot of banks do offer Escrow, but you will have to enquire with your bank to find out if they offer it and the terms and conditions of using the service.

  64. Betry November 26, 2015 at 9:18 am - Reply

    Hello dear. Sorry to bother. But is alibaba reliable. I wanna order some goods

    • Terser Adamu November 26, 2015 at 5:58 pm - Reply

      Hello Betry,

      yes, ALibaba is reliable, but as my blog post outlines, it is your responsibility to ensure that you choose trustworthy and reliable suppliers that will honour your agreement.

  65. Dare November 25, 2015 at 7:04 am - Reply

    thanks for the insight…well explained and very encouraging.

    • Terser Adamu November 25, 2015 at 8:22 pm - Reply

      Thank you Dare, your positive feedback is greatly appreciated 🙂

  66. sean November 24, 2015 at 10:03 pm - Reply

    thanks for this good info. i want to know if we have to register with nigeria customs before importing

  67. Chibeto James November 23, 2015 at 4:18 pm - Reply

    thanks so much for this wonderful info. I’m really willing to start up a business through China and I need to know how much for a start can be ok, tnx

    • Terser Adamu November 23, 2015 at 6:40 pm - Reply

      Hello Chiberto,

      thank you for visiting the website and commenting.

      I’d advise you to follow the steps in the blog post. First you need to make contact with suppliers and clearly discuss your plans and requirements. Through this you can start calculating how much you need to spend, because this will depend on many variables, most importantly, what type of product you want to buy and the quantity.

  68. Peter I. I. November 19, 2015 at 10:45 am - Reply

    Tnx 4 ds gr8 info cos I luv importation a lot bt I hvnt gottn d info I needed until I read ur article. I want 2 start importation, I hv a little capital of 10 thousand naira, wil they stil do biznes wit me n deliver it 2 my door post since I dnt hv much capital?

    • Terser Adamu November 19, 2015 at 9:05 pm - Reply

      Hello Peter,

      admittedly, N10,000 is not a huge amount of money, but that doesn’t mean it is not enough to start a business. I would advise that you start contacting suppliers and asking questions to determine what is possible. This way you will understand what you buy with your money or how much you will need to enable you to achieve your goals.

      Good luck with your venture.

  69. victor November 17, 2015 at 3:25 pm - Reply

    how can i contact you. i want to make imports of usb flash drives and power banks

    • Terser Adamu November 18, 2015 at 10:54 pm - Reply

      HI Victor,

      you can contact me via admin@mynaijanaira.com but if you follow the steps outlined in the article you should be in a great position to start your business.

      Good luck with your venture.

  70. Anvicola November 9, 2015 at 12:46 pm - Reply

    Thank you so much for this great information, this is a very resourceful one. keep it up sire. i am about going into importation of stuffs from china and i have been sourcing for information. thanks alot sire

  71. Edogun November 8, 2015 at 8:39 pm - Reply

    This post is very comprehensive, thanks for taking your time to produce this very quality post and with your permission, i may feature part of it in my blog.

    • Joseph Adamu November 8, 2015 at 9:28 pm - Reply

      Hello Edogun,

      so happy that you found this blog post useful. Feel free to feature part of my blog post as long as you give me full credit when doing so,

  72. adunn October 30, 2015 at 9:21 am - Reply

    You have really enlightened me on importation and associated benefits and risks. I will want to learn more and wish to be part of your blog family

    • Joseph Adamu October 30, 2015 at 6:31 pm - Reply

      Hello Adunn,

      I’m glad that you found the blog post useful. Welcome to our community and I look forward to your valued contribution. Spread the word 🙂

  73. Sussy.L.O October 25, 2015 at 4:49 am - Reply

    Thks and God richly bless u for this well detailed info

    • Joseph Adamu October 25, 2015 at 3:12 pm - Reply

      Hello Sussy,

      I’m so happy that you found the blog post useful, and thank you for the positive comments.

  74. Marian October 22, 2015 at 1:22 am - Reply

    Thanks for this information. I got this at the right time, because l want to go into importing goods from China. I will be glad if you can mentor me in this regard

    • Joseph Adamu October 25, 2015 at 3:14 pm - Reply

      Hello Martin,

      Thank you for your kind comment. Please feel free to contact me whenever you need support and guidance with your venture.

  75. Joan Yesufu October 21, 2015 at 8:35 am - Reply

    Wow! Thank you for this post. You just answers a lot of questions in my heart. I have sent you a mail. I will like to chat with you further. Expecting your reply.
    Thanks

    • Joseph Adamu October 25, 2015 at 3:16 pm - Reply

      Hello Joan,

      thank you for checking out the website and your positive comments. I’m so happy that you found the blog post useful. I’d be more than happy to assist you where I can with your new venture.

  76. Augustine October 17, 2015 at 8:23 am - Reply

    Thanks for going out of your way to enlighten individuals.God bless you.please i would love to know more about the delivery service by DHL..the cost of delivery.and also do i have to create an account with aliexpress before i can start importing goods…and lastly please i need some coaching…i would love to have your email address so i can email you later.thanks.

  77. TOLANI OGUNNIYI October 10, 2015 at 4:05 pm - Reply

    Hi,
    I will be grateful if i can have a private chat with you as i wish to get involve or start my importation business.
    Thanks

    • Joseph Adamu October 11, 2015 at 8:57 am - Reply

      Hello Tolani,

      Thank you for visiting the website. It’s great that you’re interested in this area of business. Please feel free to contact me via my email admin@mynaijanaira.com

  78. Eric September 28, 2015 at 4:53 pm - Reply

    Hi Joseph,

    I have training company in hong kong , i want to enter Nigeria markets looking for business partner.btw I’m Turkish citizen which I done my bachelor degree at China Shenzhen international trading ( Chinese )
    Looking forward to hear good news from you

  79. peter jo September 19, 2015 at 12:41 pm - Reply

    This is a wonderful expose on the business of importing from China. Thanks a lot for the information.

    • Joseph Adamu September 19, 2015 at 12:54 pm - Reply

      Hello Peter,

      thank you and I hope you found the information useful. I will soon be releasing a Part 2 to this blog post. Join our mailing list to stay updated.

  80. ENI September 18, 2015 at 11:33 pm - Reply

    Oga Joseph Please What is the diffrence between Buying with Paypal and Master Card from GT Bank.? Secondly, When Ones Opened a PayPal a/c and the said your Account access is Limited were as you have money in your account but you can’t make Payment what will you do?
    Thirdly, Registering on China Store are you save to buy goods from the. would the Liverage you like Aliexpress ?. kindest regards.

  81. Segson September 17, 2015 at 11:37 pm - Reply

    Thanks for the post.
    May I know how you export those imported goods to oversea. I mean were your profits not eaten up by all this courier stuff?

    • Joseph Adamu September 22, 2015 at 9:19 pm - Reply

      Hello Segson,
      thanks for the feedback, and I hope you found the information useful.

      The only goods I imported overseas were those niche items that had a considerably high profit margin, and were aimed for the UK and USA market. Standard/routing items were always sold locally as they have a low profit margin, high turnover and high local demand.

  82. kingsley September 17, 2015 at 8:21 pm - Reply

    Thanks so much, please, what and what can one import from china that can be sold on time and also be profitable?

    • Joseph Adamu September 17, 2015 at 8:35 pm - Reply

      Hello Kingsley,
      If you check out Step 2 of the article – How to Decide What Goods to Import from China to Nigeria, it will give you an idea of how to narrow down the type of items to buy. What to buy is dependant on my variables, so you will have to follow these steps and carry out your market research. Through this you will be familiar with your products and customer base.

  83. Gerald September 16, 2015 at 11:49 am - Reply

    Thank you for your detailed analysis on how to import goods from China to Nigeria. Please i will like some more explanation on ESCROW ACCOUNT PAYMENTS and how they work.

    Thank You.

    • Joseph Adamu September 16, 2015 at 11:22 pm - Reply

      Hello Gerald,

      thanks for visiting the site and your positive feedback.

      An Escrow account is a financial platform owned and controlled by a third party on behalf of the other two parties in a transaction. The funds are deposited in to the Escrow account, and held by the escrow service until it receives the appropriate written or verbal instructions or until obligations have been fulfilled. Once this is received payment is released to the vendor on behalf of the you the customer.

      For example – An escrow account can be used in the sale of a car. If there are terms and conditions to the sale, such as the passing of an inspection, the buyer and seller may agree to use escrow. In this case, the buyer of the vehicle will deposit the payment amount for the vehicle in an escrow account held by a third party. This assures the seller that the buyer is capable of making payment. Once all of the conditions to the sale are satisfied, the escrow transfers the payment to the seller, and ownership of the car is transferred to the buyer.

  84. Ugwuanyi August 8, 2015 at 10:15 am - Reply

    Apart from aliexpress where else can we import from? Considering the fact that Nigerian market dominating products like hp,dell lenovo etc isn’t available in aliexpress. Thanks

    • Joseph Adamu August 8, 2015 at 11:51 am - Reply

      Hello Ugwuanyi,
      there are many other eCommerce websites that you can use, but not all the suppliers will be based in China. The most obvious websites are eBay, Amazon, I’ve seen laptops being sold on Alibaba. Also if you carry out a quick Google search you will find many other small websites that offer new, used and refurbished laptops. you should find success if you use my step-by-step guide in this blog post 🙂

      • Ugwuanyi August 9, 2015 at 4:00 am - Reply

        Okey and thanks once again for this wonderful information,you are really doing a nice job here.

        • Joseph Adamu August 9, 2015 at 6:23 am - Reply

          It’s a pleasure. I’m happy that my information has been useful to you. Feel free to contact me if you have any other questions 🙂

    • Joseph Adamu August 8, 2015 at 11:51 am - Reply

      Hello Ugwuanyi,
      there are many other eCommerce websites that you can use, but not all the suppliers will be based in China. The most obvious websites are eBay, Amazon, I’ve seen laptops being sold on Alibaba. Also if you carry out a quick Google search you will find many other small websites that offer new, used and refurbished laptops. you should find success if you use my step-by-step guide in this blog post 🙂

  85. skychucks August 4, 2015 at 11:48 pm - Reply

    So interesting,I love this!!!

    • Joseph Adamu August 5, 2015 at 3:44 pm - Reply

      Thank you for taking the time to read the post and for your positive feedback. I have a part 2 of this blog post which I will release soon 🙂

      • Matthew June 27, 2016 at 1:03 pm - Reply

        Thanks so much bro for the information. Very important to me especially. It’s payment by L/C adviceable talking about online transaction importing from china to Nigeria?

        • Terser Adamu July 15, 2016 at 10:45 pm - Reply

          Hello Matthew,

          yes a letter of credit is a secure method as long as it is accepted by your supplier. A letter of credit is a document, typically from a bank (Issuing Bank), assuring that a seller will receive payment up to the amount of the letter of credit, as long as certain documentary delivery conditions have been met. So the supplier will not receive payment until you receive you products.

          Welcome to the My Naija Naira community!

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