Dropshipping is gaining pace in Nigeria, and individuals are beginning to see it as a viable business opportunity. Dropshipping may be ideal for you if this is your first step into entrepreneurship and you are essentially a rookie. Its innovative business approach allows you to start out feeling safe without taking on too much danger. Dropshipping in Nigeria necessitates fine-tuning your business to appeal to the Nigerian market. You'll discover how to get started with dropshipping, how to choose a product to sell, how to be paid, and more in this post. Here's a brief rundown of what dropshipping entails before we go any further.
Dropshipping is a retail business concept that differs from others. You must have the things you're selling on hand or in stock. Until the items are sold to the buyer, they are stored with the supplier or manufacturer. In dropshipping, your duty is to link customers with suppliers. The supplier is completely responsible for inventory and product deliveries, so what precisely is your role? After you've obtained a product from the manufacturer, your job is to advertise it for sale. You place the order with the supplier when a customer places an order for the product, and the supplier ships the product directly to the customer.
Dropshipping is a type of retail operation that differs from others. You must carry or have in stock the items you sell. Until a product is sold to a consumer, it is maintained with the supplier or manufacturer. In dropshipping, your duty is to link customers with vendors. What exactly is your function when it comes to inventory and product shipment? After you've gotten a product from the manufacturer, your job is to market it for sale. When a customer orders a product, you place the order with the supplier, who then sends the goods to the client directly.
The next step is to locate a dependable source for your goods. You should strive to learn as much as you can about the makers and suppliers of the items you want to sell. You'll be able to choose which one to go with this method. Right present, Alibaba and Aliexpress are the most popular. They deliver in Nigeria, and the platforms include a lot of high-quality merchants. You'll have access to details such as delivery time and vendor rating.
Now you must choose a platform through which you will sell your goods. It's preferable to start with one that you're already familiar with. You may use platforms like WordPress and Shopify to establish your own e-commerce website and sell solely your own items. You will be able to customize your website according to your preferences. Another option is to offer your items on already existing platforms such as Jumia and Konga. It is easy to set up your business on such platforms, but you will have to pay a proportion.
You must advertise it appropriately, just like any other firm. Your efforts will be in vain if no one knows about your fantastic product. Take a look at the social media platforms where your potential clients spend the most time, such as Facebook, Twitter, Instagram, and WhatsApp. Within a short period of time, you should be able to determine which channel your consumers prefer.
Your marketing efforts are crucial because they impact how much money you make at the end of a complete work day or week. To offer yourself the best opportunity, you should run your campaign on many channels at the same time. Another area where good product selection is important is here. For example, if you choose a related product like men's and women's wristwatches, you will find it much easier to promote them. On Aliexpress, good brand watches cost around $17.99 (N6500.00/ 38 STEEM) (you should compare prices on other platforms also). When you include in regular delivery expenses of around $2.57 (N931.62 / 5.4 STEEM), the total cost of your order will be around (N7456.63 / 43.3 STEEM) This product may be sold for (N9,000 / 52 STEEM) plus (N1,500 / 5.7 STEEM) in delivery.
The biggest distinction between dropshipping and typical e-commerce is that you don't have to store the product. As a result, the risk is reduced, but the profit margins are also reduced. Dropshipping is a good place to start if you don't have a lot of money or cash. You can effectively control risk and then scale up as your company expands.
| Business name: | Hdope Did It |
|---|---|
| Owner's name: | @lordhojay |
| Business address: | Ifako-Ijaiye, Lagos, Nigeria. |
| About us: | Link to presentation |
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