Export Business Plan - How to start an export business in Nigeria and make money in 5 easy steps!

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There is no need arguing or doubting the fact that Nigeria as a country is one of the richest and most naturally endowed country. There are assorted mineral resources like the crude oil, iron ore, limestone, and many other agricultural products and reserves resting within the territory of the country and are yet to be fully explored for the benefits of the citizens and for the general good of the country in entirety. All over the states in the nation, these precious resources are spread in abundant quantities to grant the citizens as well as investors a very lucrative opportunity to extract these resources into raw materials or semi-finished commodities and either sell them domestically to make money or export them to the international markets to even make more money.

Now, I am writing this post to teach all those who may be interested in the exportation of their products, goods and commodities from Nigeria to other countries of the world and make a lot of money doing so. It can either be agricultural products, minerals, crude oil, diamonds, gold, iron ore and many other resource within their reach which has market value and can be sold to realize cash revenue. Starting an exportation business is a very profitable thing to do but most of the times, potential exporters and investors into this line of business do not know how to go about it. Thus, I chose to create this article in a bid to give you the necessary and vital information on how to enter into this exportation business, succeed in it and make a lot of money running it. Now, below are the steps and directions which you must take and adhere to as you carry out your exportation operations and activities:

[Post Image Courtesy of KhunasPix at FreeDigitalPhotos.net]

(1). Firstly, you need to have a good knowledge of how exporting a particular product of your choice actually works. So, I will advise you to consult an experienced merchant who deals in your chosen product and get trained. Equip yourself with the vital information because the exportation world is a very complex arena into which you do not hastily need to jump. As a beginner and starter, you need get a basic knowledge of how the export market operates as regards to the procedures of registration, licensing, documentation, port activities, general guides, sourcing of your products, transportation, haulage, logistics and many other delicate processes. In recent times around areas like Lagos and FCT Abuja, I have come across companies, agencies, individuals and groups who put up enlightenment workshops, seminars and trainings as regards the exportation business. You can also enrol into one of such programmes and get the required knowledge about the export market before you proceed.

(2). Decide, define and specify the particular products that you want to deal in. Draw and narrow down your focus to those products that you can source in large, required and abundant quantities without much difficulties and act cost beneficial rates too. It can be bitter kola, moringa oleifera seeds, cassava, cashew nuts, groundnuts, powdered bitter leaf, cocoa or any other thing that has market value and that has the ability of satisfying an economic need or demand. To source your export products, you have too options. Either buy them from the suppliers or produce them by yourself if possible.

(3). Thirdly, you need to register and incorporate your export business in order to legalize your day to day operations and give it a corporate shape, a reliable and professional outlook. Visit the Corporate Affairs Commission (CAC) and register your business as required by the Nigerian Companies and Allied Matters Act (CAMA). This is very necessary because nowadays, foreign and overseas buyers and merchants exercise high degree of care in dealing with Nigerian exporters and traders because of the massive cases of fraudulent business activities already attributed to them over the years. Thus, you need to prove to them that your business is legal and transparent by incorporating it with the CAC so as to paint a clearer image of your business to your clients. You can even tender before them your incorporation certificates as well as any other information or documents that has the legal capacity of proving to them that your business is trusted, certified, authorized and fair in operations.

(4). Find and connect with your product buyers. You are the exporter so, you need the importers to exchange your products with them for their commensurate money and cash payments. You can easily locate the buyers of your buyers commodities on the internet through the use of e-commerce portals, online trading platforms and B2B (Business to Business) websites. Some of them includes www.alibaba.com and www.aliexpress.com. Also, you can find your buyers through online trading and business discussion forums, bulletins, message boards and forums. Register on such portals, put up your product description, prices, quantities available, quality, discount specifications, pictures, shipping policy and other miscellaneous trade terms, conditions and agreements. Hit profitable bargains and deals with them as they connect with you and seal mega business deals and offers from the comfort of your bedroom or office without necessarily travelling to distant lands to meet with your customers physically.

Thanks to most online trading portals who now offer escrow services to the merchants whereby their money is paid to a third party known as the escrow company who will pay the cash to the seller once the buyer received the commodity he or she has demanded for and gets satisfied with it. If not, the escrow service outfit will return the money to the buyer, send the goods back to the seller and still get their commissions. So join good e-commerce portals, be active and get many customers for your product from different parts of the world. You can conveniently ship your products to them after payments through courier services like the UPS and the DHL companies.

(5). Showcase, display and promote your products and commodities. Place attractive but market competitive and profitable prices on your products and add incentives like price discounts and slashes, gifts, free shipping and many other trade compensation. Also, you can advertise your products online using targeted Facebook ads (www.facebook.com/advertising) or through the Google Adwords program (www.google.com/adwords) and get a good number of targeted customers demanding for your products. Agree with them on profitable auctions and sell off your commodities to make a lot of money and generate big profits for your business.

For funding and advice purposes, feel free to contact notable organizations like the Bank of Industry (BOI) and even the Nigerian Export Import bank (NEXIM) to get more authentic information on how to access larger credit facilities at lesser costs of capital considering the international risk bonds connecting various countries of the world with respect to the international export market.

Drop your reasonable comments on this article below and get other useful tips and assistance from me where necessary.

I have many other business ideas and profitable business guides for you on this blog. Find them in our archives and also keep on coming back to this platform everyday to read the new and latest ways of making money as I publish them. Thank you for reading and learning something new today. I can give you better than this. Always stay with me here!

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