Diyemowei Oluchi Lily aka Hustlersquare answers twelve (12) questions you may have about importation business. Having been self-employed for years and successfully generating six-figure profit monthly from her importation business, Lily is a powerhouse in the importation business space and she is generous to share her knowledge with interested individuals.
If you have been thinking of the online business to start this year, consider importation business.
- How did you start your Importation Business?
I started importation by trusting a Family friend in China who promised to ‘Help’ me buy goods. I didn’t know he was doubling prices. I found it extremely difficult to compete with the prices of other brands. Importation seem not to be a profitable venture for me until the day I decided to try a Chinese factory that had located me through my page on Instagram. The same Chinese factory that my China Agent said were fake, contraband, produced from home and were not licensed. All in a bid to make me trust him with my money and stick to him. Kaiii I suffered but it didn’t take too long.
- How to enroll for Hustlersquare Importation Training?
There is a link in our Bio on Hustlersquare on Instagram or you can Whatspp – 08155713606. Training is 5,000 naira for learning how to import from China and Turkey.
- How profitable is Importation Business?
100% profitable. I mean you can buy goods at 5,000 and sell for 10,000 if not more. That’s how profitable it is.
- What is the Minimum Capital Required for Importation Business?
You can start with 20,000 naira
- What items/products are covered in the Importation Business?
All items that can be imported from Turkey and China are included in the training.
- Do I need to pay custom duties on every goods or products that I import?
Yes you pay for clearing but you have nothing to do with Customs officers. Your agent handles everything for you.
- What are the associated business risks?
Sellers in China can scam you. Take your money and run away. Sellers can also send you expired or inferior quality goods. That is why you need to learn how to secure your funds and how to detect a credible Supplier and Factory.
- How do I Identify Genuine Sellers and where to buy/order products?
We have signs to look out for on their profile. There is also a list of scam companies in China. We show you all these during training.
- How do you handle Shipping/ delivery and how long does it take?
Usually there are shipping companies mostly owned by Nigerians in China. Express takes 2-3 days and is more pricey. Air cargo takes 7-10 days and is a bit cheaper. So it depends on the urgency of the item that you are importing. I love to use Express especially when I have customers on ground already. I don’t like to delay.
- Do I need to register a Company to start Importation Business?
No you don’t. All you need are social media platforms where you can sell your products.
- Are there Legal Requirements that must be met
None at all. Anyone and everyone can import.
- What are the best products to Import and Make Good Profits?
No market is over saturated. So never have that mindset. Quality items is key for me. That will draw in your customers.
- Does the training includes information on how to import items like cars and heavy equipment
Yes we do have that information. But most people just want to import simple products
Do you have other questions? Sign up for the Hustlersquare Importation Business training.
