Starting a dropshipping business in Nigeria isn’t so much a difficult task. Dropshipping business in Nigeria is a good place for an entrepreneur who is determined and focus to make money online provided you follow the due process.
With dropshipping business in Nigeria, you will sell products to your prospective customers, put up your cost to market your sales and of course, you will not be asked to pay for your stock until you have sold it to your targeted audience. In this article, I will explain to you what dropshipping is all about, list some of the dropshipping businesses in Nigeria, the advantages and disadvantages of businesses in Nigeria, how to get started and what have you.
What Is Dropshipping?
Dropshipping is a commercial establishment method where a Shop will not maintain an item that it will sell in bulk but will rather buy the products from a third party and then sell it back to the targeted customer.
Dropshipping can also be a sort of business class which allow a business to handle with no holding supply, having a warehouse to keep the products or sending the products to their customers.
How To Start A Dropshipping Business In Nigeria
Get A Niche
When you get a niche that you know well, it will make you stand out more over your competitors but if you do not know about the niche that you pick, you can not handle the product proficiently, either on the cost, the method or whatever that connect to getting a niche to start a dropshipping business in Nigeria.
When it comes to getting a niche, it should be something that you are interested in; something that you are not interested in will be very tough for you to sell. If you don’t like the niche that you pick, you will likely be demoralized because it will take a lot of work to make a profit in the dropshipping business in Nigeria.
Get Someone Who Will Supply For You
If you want to do business presently with no good trusted supplier or with the wrong supplier then your business is on the wall of collapse. Before you go into a dropshipping business in Nigeria you should have a good supplier; having a trusted supplier is as good as a decent dropshipping business in Nigeria.
In essence, you have to search for an honest supplier base in Dubai China, the USA and lots more or you could go to Aliexpress, an Amazon site which is one of the biggest online marketplaces to know and get in touch with decent suppliers and manufacturers. Be specific in your findings, and inquire vividly about the manufacturing equipment so that when your business expands massively you could be sure that the supplier will meet your expectations.
Select Your Platform
Selecting your platform here is one of the ways to start a dropshipping business in Nigeria and your platform is your online marketplace. As soon as you start a dropshipping business in Nigeria, you should agree to put up your online marketplace or look for an influential online marketplace such as Jiji, Amazon, Jumia, etc.
It is good you start with Jiji or Jumia the reason is they are already conversant with the online marketplace and they would handle your online store as a proficient business. As your dropshipping business in Nigeria grows, you could then set up your own by then you must have acquired other necessary skills to run your business.
Expand Your Online Store
Expanding your online store is one of the ways to start a dropshipping business in Nigeria which is one of the primary aims to run a dropshipping business in Nigeria this can be done if you optimistically search for resourceful and affordable means to expand your business.
Putting all this to expand your online store is terrific but if you do not attract your targeted customers to buy then your business will not exist. E-commerce is now the best way to grow your customer’s chain and to achieve this you have to run ads on Instagram, Facebook, Twitter, and Pinterest with the use of Search Engine Optimisation – SEO.
Put Your Money Together
Putting your money together is one of the ways to start a dropshipping business in Nigeria and it will also help to build financial management. As a business guru, you are, you need to be financially coordinated, and financially align so you could prevent financial loopholes that can wreck your business in the future. Financial management like a small business accountant, tax payments, and invoices; all of this should be carried out on a regular for proper accounting and good money management for a profitable dropshipping business in Nigeria.
Start Generating Earning
To start generating money is one of the ways to dropshipping business in Nigeria using what is called ‘AliDropship plugin’ this sort of plugin is modelled for dropshipping. AliDropship will enable you to import items captions, images prints and what have you from those who supply websites to your mart.
This would be done with a single click and when you sell an in your mart immediately it will send the details of your customers to your suppliers, you pay the supplier, and the suppliers ship the items to your customers using the address provided to him without your customer knowing the product she paid for is from a third party. Drop shopping business in Nigeria is now a profitable business when you do it the right way through the right channel.
Learning how to start a dropshipping business in Nigeria is a lucrative business but you should use and learn the right channel.
Some Trending Dropshipping Businesses In Nigeria
Men wear Dropshipping
Women wear dropshipping
Health & Wellness Dropshipping
Kids & Babies Dropshipping
Kitchen utensils Dropshipping
Phone Accessories and gadgets Dropshipping
Cars and Motorbikes dropshipping
Hair Extensions and Wigs dropshipping
Advantages Of A Dropshipping Business In Nigeria
Starting a dropshipping business in Nigeria requires small cash which you could use to start your online marketplace and you will start making money.
Not Difficult To Start:
To run a dropshipping business in Nigeria is not difficult the reason is that you wouldn’t be dealing with a physical supplier and you could set up your e-commerce store without having to move from one person to another.
You will not have to buy suppliers and control or warehouse equipment, maintain your fees decently small, your dropshipping business in Nigeria can be carried out while you walk from home using your laptop, and have a steady power supply and data.
No Physical Location:
You don’t need to rent a store or go to an office every day to run your dropshipping business in Nigeria, your home is perhaps your office if it is convenient provided you have your laptop, data, and power supply.
Work With Ease:
When you influence a supplier, most of the work will be carryout by the suppliers making your dropshipping business in Nigeria easy.
Disadvantages Of Dropshipping Business In Nigeria
Not Easy Work:
When you influence a supplier, most of the work will be carryout by the suppliers making your dropshipping business in Nigeria boring, tiring and discouraging with no profit.
Having more than one supplier can be challenging when it comes to cost; the reason is that maintaining suppliers is costly.
Lack Of Monitoring:
Your suppliers supply to your customers without you knowing if the customer is satisfied or not; this could lead to a loss of customers. The thing is the supplier will build a strong relationship with your customers and you will not be aware because you are not available to monitor them and you will end up losing your customers.
List Of Dropshipping Business Websites In Nigeria
Jumia is one of the dropshipping business websites in Nigeria was founded in 2012 and has over 100 countries. Jumia Nigeria’s website is well known in Nigeria and also one of the biggest drop shipping businesses in Nigeria with all kinds of products such as wears, kitchen utensils, accessories, electronics and what have you.
Shopify as one of the dropshipping business websites in Nigeria has different online market products which have been globally accepted in Nigeria since inception and have been verified to be a valid drop shipper supplier of all Nigerian products. Shopify manages all sorts of e-commerce payments, stable payment and shipping. Doing dropshipping business in Nigeria, you could have an item for as least as $9 monthly.
Oberlo is one of the dropshipping business websites in Nigeria that will give you a search for products from reliable suppliers. Oberlo will help you to engage smoothly with Shopify to find and import products with no stress and quickly.
Kara as one of the dropshipping businesses in Nigeria is one of the leading electronics products in Nigeria. Kara’s website is where thousands of dropshipping business in Nigeria is done fairly. On Kara’s website, you would see big sample options of decent suppliers and electrical products at the best accessible cost.
Dropshipping Naija is one of the dropshipping businesses in Nigeria which offers suppliers an instant over 200k wholesale suppliers chain. More so, you could also benefit from a sole interest that will help you to get access to the suppliers when you apply via dropshipping Naija. With dropshipping Naija system orders, the product management network will help your business to rise.
Dropshipping business in Nigeria payment challenges tackled.
Over the years, PayPal Nigeria were not been allowed to have access to this service but now PayPal is used to make valid payments and is also one of the well-known payment gateways.
Paystack is one of the Paypal options which allows Nigerians to receive payment directly. More so, your CAC and a local corporate account data would be required, you would write to Paystack so that they would use your service for you to receive International payment. Immediately after your request is submitted and accepted, the company would approve it. It also allows payment in Nigeria, via the space from anywhere in the world.
Dropshipping Business In Nigeria System
Dropshipping business in Nigeria is a big means to directly start an e-commerce business and for you to be successful in it, you have to be determined, focused and consistent as a business guru.
The system of Dropshipping business in Nigeria is one way to be successful in the dropshipping business.
Dropshipping business in Nigeria could be streamlined with a decent business plan system.
There are different processes you could select from dropshipping businesses in Nigeria so you don’t have to carry them out all the time; you have to do it step by step daily. You can’t carry out everything at once, but the dropshipping business should be planned ahead of time.
Dropshipping business in Nigeria is somewhat well-known for tech gurus. Dropshipping business in Nigeria is a business done with ease hence you would not need to deal with the products you are selling physically; it is always easy for competitors to show up. With the listed steps, you must have known the important points you can start up your dropshipping business in Nigeria and you will be lucrative and profitable. But you should always be creative in the different products, cost, marketing, process of delivery and what have you.