How to make money in Nigeria importing and selling used books

As the wind of consciousness for education, studies and leisure reading keeps on blowing all over Nigeria, fairly-used books are now emerging as one of the fastest selling products out there in the markets. Considering the massive population of the country which counts in hundreds of millions, the business is really a very profitable venture for all and sundry who are interested in going into it to make a lot of money. The Nigerian citizens are now developing massive reading habits, culture and interests such that anyone who despises it will forever regret it when the dawn comes. Even the uneducated and poor parents are now doing all they can to motivate and sponsor their children through the education process having seen its value to the modern society. That is why the demand for books keeps on surging upwards all over the nation on daily basis such that booksellers are able to sell and covert large containers of books into liquid cash in a matter of few days and make attractive gains and profits from the business.

Used books are mainly imported and sourced from distant and foreign lands including the overseas countries like the United Kingdom (UK) as well as the United States of America (USA) for very cheap prices and even for free. I know a business man who imports used books and according to him, a full 40ft container loaded with assorted types of this commodity costs him roughly $2,000 which is less than N300,000 when you equate if to the Nigerian Naira. This includes bothe book procurement, shipping and other miscellaneous costs involved in making the container available in his warehouse in Nigeria. And to make it more ridiculous for you, can you imagine that this man sells off a container of these used books within a week to make a guaranteed sum of N700,000 and even more. That give him a very attractive profit margin of N400,000 in just a matter of few days. Most of the times, he gets this books without paying a dime for them from foreign Philanthropists, brings them down here to Nigeria and sells them off to make more money and mega profits.

[Post Image Courtesy of Stuart Miles at FreeDigitalPhotos.net]

People who are not really into this business will never understand the huge profit potentials and prospects which this business offers to investors. There is no way you can believe it that you can make millions upon millions of cash within a month just by importing and selling used books. For real, people are busy out there making magnificent wealth and enormous financial fortunes for themselves through this business. Once put your necessary logistic plans in place and also have your sure contacts with big time buyers, libraries, bookshops, book vendors and versatile readers, you are very ready and equipped to move into this business and start raking in millions of naira into your pockets in no distant time.

Nigeria is one the numerous nations of the world that is so richly blessed and endowed by nature in terms of natural resources and human intellect. Most black men that have made amazing exploits in all corners of the world are Nigerians. So do not be surprised that we could achieve such enviable milestones despite the poor educational system operating in the country. Recall those days when the Zain telecommunication company was still operating in Nigeria, they usually organized the defunct Zain School Challenge for all the Universities all over the African countries where the network provided their services.

Notably, Nigeria qualified and participated in the contest for 3 good time, came first on an occasion and took the second position during another edition. Doesn't this prove our acclaimed massive intellectual prowess and high value for education and books?

Now, I will put your feet back onto our tracks and guide you on your way to starting this business successfully and managing it profitably. This business will not require so much from you as you may think and imagine. However, if you reside in the overseas like the USA or UK as it will save you operational and logistics costs to a great extent. Below are the basic things which you must put in place to establish this business as soon as you can:

(1). Get a spacious Store or Warehouse:
You can either rent or build one for yourself. It does not need to be too complex in nature unless you want to operate the business on a larger scale. Make the warehouse in such a way that books can be tightly secured and easily package, located and accessed by your customers who will come there to buy from you. Let it be spacious because whenever booksellers hear that you have new arrivals, they will flood to your warehouse to struggle with each other to pick the best books before others come.

(2). Map out your effective business and marketing:
Source for these books at very cheap and affordable bargains with a reliable and considerate overseas dealer such that you may not need to travel subsequently after your initial visits to buy your stock. You can start placing orders through phone calls or emails and have your goods shipped to you without too much hassles. Also, make connections with booksellers, book retailers, book vendors, libraries and bookshop owners so that they can always patronize your business. In Anambra state, you can find many of them at the Onitsha Main market and even around the Unizik junction in Awka. Also in busy and strategic locations in Lagos like Oshodi and Ikeja, you can find many of these booksellers by the roadside. Talk with them and let them know of your stocks as well as the address to your selling point. Once you enlighten them and they come to your warehouse and find what they are looking for at good prices, they will patronize you forever. Make use of other effective advertising media and channels and spread the word about your business to the citizens nationwide.

(3). Find reliable sources for ordering your Used Book stock:
I will talk about this again. You can travel to the overseas and buy these items. But to make the process more simple and economic for you, these used books can be easily sourced from online e-commerce portals like the eBay (www.eBay.com), Amazon (www.amazon.com) and also, the www.Half.com which is a subsidiary e-commerce portal of the official eBay business. Such online business portals after receiving your orders and payments will ship the products directly to your specified location. Some of them even offer pay-on-delivery services and such if the best so as to ensure that you do not loose your money to dubious sellers. You will have an upper advantage if you live in the USA or other advanced european countries like Germany, Australia and Canada. There, you will find a lot of book dealers. Spot the best ones, strike cost effective deal with the, buy your used books, ship them down to Nigeria, sell them off for big money and do nothing but to smile as the guaranteed money and profits continuously roll into your bank account.

Please ask me your questions on this article using the comment box I placed below and also write other views you have about this post. I will attend to them as soon as they come.
I have many other articles for you here on this blog so be sure to read them before you go. Always come back here and read my new updates as I publish them on daily basis. Cheers as you do so!

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