Online Importation Business Ideas– How to import customized USB Flash Drives from China cheaply and sell for big profits!

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In this very article, I am going to expose to you the top secret information on how to start a profitable USB Flash Drive Importation Business here in Nigeria. If you are not told by an honest importation business expert, you will never know the huge amount of money you will be making daily if you start importing and selling branded and customized USB Flash Drives.

As the world is rapidly getting computerized, so also is Nigeria and her adventurous citizens who are so acquainted with items that are personalized and customized to their tastes with their own individual brand names and identities.

[Post Image Courtesy of Renjith Krishnan at FreeDigitalPhotos.net]

To be factual, I am well convinced that as this time of writing this post, the price of original USB Flash Drives customized with personal logos and/or texts printed on their surfaces ranges between N1,800 and N2,700 depending on the bargaining power of customers, quantity of purchase, quality of the brand, ruling market price and your location as well. Do you know that you can import the same Original USB Flash Drive from US and China based online stores at an average price of $4 which is approximately N680 if $1 exchanges for N170 (although the foreign exchange rates and currency values constantly fluctuates as a result of an interplay of powerful economic, financial and monetary forces and policies from different world economies)? Now, the average weight of a piece of USB Flash Drive is only 0.02kg, the average shipping fee per Kilogram is around $4.8 while the local clearing fee is N280 per Kilogram.

Now, let me present to you below a sample of the cost of importing 100 pieces of Original Customized USB Flash Drives from China or Unites States of America (USA) using the above estimated costs:

A SAMPLE ONLINE IMPORTATION COST ESTIMATION & ANALYSIS FOR 100 ORIGINAL USB FLASH DRIVES:

If $1 is equal to N170 then;

• The cost of buying 100 pieces of USB Flash Drive at $4 each is N68,000 (i.e 100 x $4 = $400. Then, $400 x N170 = N68,000).

• The cost of shipping  100 pieces of USB Flash Drives to Nigeria which weighs 0.02kg each at $4.8 per Kilogram is N1,632 (i.e 0.02kg x 100 = 2kg. then, 2kg x $4.8 = $9.6. then, $9.6 x N170 = 1,632).

• The cost of clearing 100 pieces of USB Flash Drives weighing 0.02kg each at N280 per Kilogram is N560 only (i.e 100 x 0.02kg = 2kg. Then, 2kg x N280 = N560).

• Now, the total estimated cost of importing 100 pieces of original USB Flash Drives is N68,000 + N1,632 + N560 = N70,190.

• Also, we can make an adequate provision for miscellaneous expenses and contingent transactions (which may or may not fall out) so that the total budgeted sum for importing your USB Flash Drives will now be N70,190 + N9,810 (for miscellaneous expenses) = N80,000 only.

• Remember, I stated earlier that the ideal selling price for original USB Flash Drives in Nigeria varies from N1,800 to N2,700 depending on your location and other mentioned factors. Now, if you decide to sell your 100 pieces of imported USB Flash Drives at a minimum price of N1,800, you will earn a total revenue of N180,000. With this turnover figure, the minimum profit you will expect to make from this business is N180,000 – N80,000 = N100,000 (i.e estimated revenue less budgeted total importation cost). Thus, you can even sell above N1,800 per piece of USB Flash drive to even make more profits for yourself.

On a very interesting note, Original USB Flash Drives are fast-selling products in Nigeria such that with proper networking, marketing and connections, you can sell over 500 pieces in a single month and earn a monthly income of over N400,000 (i.e  5 times your N80,000 profit for each 100 units sold). From time to time, businesses, establishments, schools, event planners, political parties, Students, photographers, religious bodies, individuals, groups and many other individuals and associations demand for USB Flash Drives for official use or as gift items and souvenirs as well. So feel free to approach them with your samples and tie down a mega supply deal with them.

The online merchant from whom you are buying the USB Flash Drives will design and customize them for you according to your specification. As you place your orders online, you will also send your desired designs to the company and they will print it on the USB Flash Drives that you have ordered for.

Reliable Chinese online portals where you can find thousands upon thousands of USB Flash Drive Manufacturers, merchants and dealers are e-commerce shops like Alibaba and Aliexpress. Both are wonderful online stores. Before making a purchase online, always read reviews and ratings about the sellers and their products so as to spot out a reliable seller with high quality and durable products.

So that is all I have for now regarding this topic. If you have a question to ask or a suggestion to make, use the comment box below to drop them here for quick attention, consideration, assistance and support.

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Cheers!

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