Bắt đầu giao dịch với PrimeXBT, nơi công nghệ tiên tiến gặp gỡ thiết kế thân thiện với người dùng. Tại PrimeXBT, bạn có thể truy cập vào các thị trường toàn cầu và sử dụng các công cụ giao dịch tiên tiến để cải thiện kỹ năng giao dịch của mình.
Connect with us

Make Money Online

How to Start Dropshipping Business in Nigeria

Published

on

Dropshipping Business in Nigeria

Are you thinking of starting dropshipping in Nigeria? Read this article to the end. In the article, I am going to be guiding you on everything to start a successful dropshipping in Nigeria.

I will be answering questions like if drop shipping is profitable, how to drop ship from China to Nigeria using AliExpress, how to drop ship in Lagos or from any other state using popular e-commerce stores like Jumia and Konga, and more. So, I am sure you have been hearing about dropshipping and you are wondering what it is all about. 

What is dropshipping? Dropshipping is a type of order-fulfilling method where a seller does not have a store or have the products they are selling.  Instead, when the order has been made by a buyer the seller then purchases the item from a third-party supplier and has it delivered to the customer.

Is Dropshipping Profitable?

Dropshipping is a profitable business when the business is looked at deeply. It saves or reduces expenses and it increases profit because sellers can sell products at usual prices and cut the cost of storage or inventory and others. Drop shipping is also lucrative because you do not need to spend most of your capital (money) marketing online and logistics.

Another benefit of dropshipping is that you help the third-party seller to sell his or her goods easily. The best thing about dropshipping is that you can use the business to sell anything online. You will spend just a little on ads but make a lot of money when customers start making orders.

How to Start a Dropshipping Company in Nigeria

Here is how to start dropshipping in Nigeria with just your smartphone or laptop and the internet.

1. Get the Required Capital

This is the first step to starting any business. To start a successful dropshipping business in Nigeria you do not need a big capital. You just need small money to buy two major things. You need money to buy a laptop or smartphone and you need money for a monthly internet subscription.

The laptop will be your office and your internet will be an avenue at which you use to get customers to buy products from you. Every other thing in the business does not need your capital as you can fund these expenses using your profits. Expenses like the cost of transporting goods to the customers can be deducted from the profits of goods sold.

2. Conduct your Market Survey

After getting your capital or the necessary equipment needed to start your dropshipping is the next step will be to do your findings of dropshipping in the local area you are in. You need to know if the dropshipping business can thrive in the Nigerian state you are in.

For example, dropshipping is obviously more profitable in Lagos state than in Ondo state. Your business survey will also let you know how dropshipping is been run in your local area. For example, in Lagos, the most common dropshipping business is ordering from wholesalers from major markets and selling to retailers.

To understand more about dropshipping in your area you need to study popular dropshipping businesses around you. You need to understand the trends.

3. Choose the Products to Sell

There are products that are more profitable in dropshipping than others. There are also fast products and there are slow products. Fast products sell fast because they are often sold alongside the season of the country. For example, umbrellas sold during the rainy season make umbrellas a fast product. We also have slow products.

These are products that are not necessarily in the season with the country but there are always in need. An example is leather shoes. Leather shoes can be sold at any time of the year. This is why you need to choose a profitable product to sell. From experience, I will advise you to sell slow products as these products are always moving no matter what time of the year and the situation of the country.

Being new to the business is not an excuse to be ignorant. Read our article on the 100 best products to sell online in Nigeria.

4. Find a Trustworthy Supplier

If you are considering going into the clothing business you need to find a trustworthy supplier. This supplier can be a local supplier or a foreign supplier like AliExpress. It depends on what you want and what you prefer. To do dropshipping with AliExpress means you are buying goods from AliExpress to be shipped to Nigeria.

Dropshipping on Jumia, means you are selling goods. What you do is upload the pics and information about the products. And when there is an order you buy the products from a third-party seller to be delivered to the buyer.

5. Choose a Dropshipping Website

There are many dropshipping websites in Nigeria and overseas. These are:

1. Jumia

2. Konga

3. AjeboMarket

4. Kara

5. Jiji

6. AliExpress (China)

Out of all these websites, you can choose one or two to start your dropshipping business. 

6. Profits in Dropshipping Business

Many may ask how they can increase profits in their dropshipping. What can do to increase profits and reduce loss to its bearest minimum? Like I have mentioned some of these points earlier but I just go through them again for points of emphasis. The first way you can increase profits is to sell slow products instead of fast products.

Fast products are seasonal but with slow products, you can always sell every time of the year. Another way you can increase profits in a dropshipping business is to always buy your products from a wholesale supplier instead of a retailer. The cost of goods from a wholesaler is always lower than that of a retailer.

Another thing is to focus on fashion items or electronics like computers and mobile phones. Fashion and electronic items sell faster than any other items in dropshipping.

Conclusion

Dropshipping business is a lucrative business in Nigeria and this is because Nigeria is still an underdeveloped country. An underdeveloped country like Nigeria still depends largely on imports. And because of this, there is still a high demand for dropshipping business as long as you can focus on products consumers are really interested in (clothing and electronics).

Also, if you cannot do dropshipping you can do affiliate marketing. Affiliate marketing is similar to the drop shipping business. It only difference is that in affiliate marketing you are advertising other people’s products for a commission.

Recommended:

📡Join Our Social Media Channels:

Facebook: theinfoWorth
YouTube: Ralph Finance

Ralph Bamigboye is an Accountant. He is the owner of TheInfoWorth.com, NetWorthVerse.com and Finance Naija YouTube Channel. He has helped many individuals to start their businesses and make money online. How can he help you?

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Video Game Center Business in Nigeria Video Game Center Business in Nigeria
Tech Businesses5 months ago

How to Start Video Game Center Business in Nigeria

Starting a video game center in Nigeria is very lucrative. It is a business that never dies due to its...

How Nigerian Musicians Make Money How Nigerian Musicians Make Money
Business Ideas5 months ago

How Musicians Make their Money in Nigeria: 10 Ways

As a musician or artist in Nigeria, these are the most common ways you can make money.

Animal Feed Business in Nigeria Animal Feed Business in Nigeria
Farming Businesses5 months ago

How to Start Animal Feed Business in Nigeria

How profitable is animal feed business, the capital needed, livestock feed production process and more.

Entrepreneur Entrepreneur
Business Tips5 months ago

Entrepreneur: The Meaning, Myths, Functions, and Types

The meaning of entrepreneur, who an entrepreneur is, myths of an entrepreneur, characteristics, functions

Lucrative Business Ideas in Nigeria Lucrative Business Ideas in Nigeria
Top Businesses5 months ago

37 Most Lucrative Business Ideas in Nigeria

This list comprises of different lucrative business that you can start in Nigeria from low to the highest

Fast Moving Business in Nigeria Fast Moving Business in Nigeria
Top Businesses5 months ago

Top 10 Fast Moving Businesses in Nigeria

In this article you will learn what a fast business is and the top fast moving business ideas in Nigeria...

Egg Supply Business in Nigeria Egg Supply Business in Nigeria
Farming Businesses5 months ago

How to Start Egg Supply Business in Nigeria

How profitable of egg business, the capital needed to start, and the step by step guide on how to start

Side-hustle-in-Nigeria Side-hustle-in-Nigeria
Top Businesses5 months ago

Top 10 Profitable Side Hustles in Nigeria

What is a side hustle, here are the most profitable side hustle businesses in Nigeria and how to start

Make Money from Real Estate in Nigeria Make Money from Real Estate in Nigeria
Business Ideas5 months ago

How to Make Money from Real Estate in Nigeria: 10 Ways

The real estate business is a lucrative business and these are the best way to make money from it.

Dog Food Business in Nigeria Dog Food Business in Nigeria
Farming Businesses5 months ago

How to Start Dog Food Business in Nigeria

How profitable is dog food business, capital needed, and the step by step guide to start.

Trending Posts

error: Content is protected !!