There are different categories of product in Amazon store
but which kind of product do you really need to start with having a little
capital at hand initially. These product ranges from laptops, digital cameras,
electronics,
accessories, mobile phones, toys, games, clothing, books, wrist watches,
jewelries etc..
But before we continue.....
What are the kinds of goods you need to order? Let’s assume
that you are having N70,000 to start with that means you will need to order for
cheap products.
So how do you do this?
·
There are different ranges of price tags on each
products; so I will advice you to order for something less than $10 and have
them ordered in bulk. Though at times a product might be limited to a maximum
number of 30-40 to each buyer but what you have to do is to find another
product that is related to the one you are ordering for.
So how do you locate this
product? In the Amazon search box just input the kind of products you want to
order for plus the price you like to pay for each of the product (You can also
search for used items).
·
If you are ordering for new products (which
price will be higher compared to used products) I will advice you to buy in the
accessories/electronics section and should also be what you will sell so fast
immediately you have them in your hands right here in Nigeria.
The reason why am telling you
this is that with your initial outlay you wouldn’t want something you will buy
and start counting losses. But you can also start with clothes
Let me give you a clue of what I’m
trying to say.
Now, let me say am having just
70k naira with me and I want to purchase bulk goods at a cheaper rate I will
simply order for simple accessories such as electronic flash drives which price
will be less than $10 and also won’t be difficult for me to sell because there
are buyers with cash already waiting before the goods even land in Nigeria;
more so when the goods are finally weighed the kg/size will attract a very low
price compared to the heavy accessories. The reason why I’m pointing this out
is because you are new to the market and with a little initial outlay.
So let’s calculate how much I’ll
be able to make ordering these simple accessories. Let’s assume I ordered for
electronic flash drive whose price is $7 (8G or 16G) each and I’m having N70,000
($437.5).
But first, I won’t use all the
N437.5 to purchase these products because I will have to keep $100 seperately
for billing preferences. Now, I’m having $437.5 minus $100 =$337.5 remaining
for purchase ONLY.
So, $337.5 divided by my cost
price of $7 each (1,120 naira) will be 48 items that I’ll be ordering for at
the rate of 1,120 NGN and when I
want to sell them I’m going to tag each items at my own profitable amount
around N2000. So how much will be my
total profit when subtracted from my expenses.
So let’s calculate my profit and
see if this kind business is worth doing or not:
48 items x N2000 =N96000
Total amount spent =N70,000
Total profit =N96,000 minus
N70,000 =N26,000
My profit will be =N26,000. So its now up to you to decide
if the market is feasible enough to venture into. Though there are lots of
items on Amazon that you can chose from it depends on the item you find very
feasible to you and with good profit. The above item illustrated is just one of
good items that you can start with in some environments in Nigeria.
There are various options which
you can choose from base on your market knowledge. And most importantly if you
don’t have enough money for billing you can make research on the websites that
offer FREE shipping to Nigeria,
please don’t ask me this because i will share that on my next post!

