In our previous article we introduced you to dropshiping business. A lot of readers asked us for more. So we will be teaching you in this article how to successfully start a dropshipping business in Nigeria.
To be honest, starting a dropshipping business in Nigeria is one of the easiest ways to make money online especially with the current way of life in this year, 2020.
There are a lot of mega online marketplaces and platforms just as Amazon, Shopify, Alibaba, eBay, Etsy and many more. These marketplaces have grown so rapidly that anyone can start his/her own online store for as little as $20 which is roughly 8,000 Naira.
Due to the fact that the requirement to start dropshipping business is not difficult, the market has become so popular and in turn it has led to a highly competitive market.
If you are really interested in starting a dropshipping business in Nigeria either as a full time job or as a side hustle, you can save yourself a lot of stress and champion your way to success by following the easy steps contained in this article.
What You Need to Start a Dropshipping Business in Nigeria
Dropshipping business has a lot of similarity with other business models. Of course you must have a positive attitude, good work ethic, and genuine desire to focus on your new business venture, there are only a few other things required to start a successful dropshipping business.
- A product to sell
- A supplier of that product
- A platform to sell on
Do not panic we will elaborate all this points in the simplest way possible. So you can have a clear picture of all that is required.
How to Start a Dropshipping Business in Nigeria
Choosing a Dropshipping Niche
A niche is a part of a market. For example, waist trainers are a popular niche in the fitness and lifestyle market. You get the point, right? The more direct your niche is, the better for you as a successful dropshipper.
Choosing a niche is the first step to starting a successful dropshipping business in Nigeria. The rising popularity of dropshipping business has made it harder to find niches that aren’t already crowded. However, the good news is that new products and niches emerge almost every week or month, so the opportunities in this type of business are kind of limitless.
Many persons think that they can be successful and make good profit from any dropshipping niche, this is a strong misconception as it has been proven over time to be false. If you choose a niche that’s already crowded with sellers or majorly dominated by big brands, you’re going to face a serious battle with your new drop shipping business.
Finding a Dropship Supplier
For many aspiring drop shippers, finding a trustworthy supplier is like finding a needle in a haystack- it is difficult.
You rely solely on suppliers or manufacturers to keep your product in stock, to maintain product quality, and to ensure that all orders are shipped to your customers as quickly as possible. As a dropshipper, your supplier is the most important business partner you have.
Qualities of a Good Dropship Supplier
A good dropship supplier must-
- Have experience
- Not charge huge order fees
- Provide fast shipping
- Have quality products and pictures
- Have good reviews from other dropshippers/buyers.
Choosing a selling platform
It is believed that you have chosen a good niche and have gotten a good supplier- now you need where to actually start selling and making cool money.
Just as selecting a supplier is important to the success of your business , so is choosing the right selling platform or online marketplace – the big question now is, which platform is the best for you?
You have to decide between selling on a known online platform, or starting your own independent online store.
There are different advantages and disadvantages of both platforms. We will discuss further on our facebook page.
Conclusion on the topic
Congratulations! We have come to the end of this topic and, by now, you should be on the right path to starting a successful dropshipping business in Nigeria from the bottom and build all the way to the top.
This is not to say that the work is over. There is more to be done. You will have to successfully run your business. Do not be troubles! Just follow this website and we will keep updating you with common tricks and trends in dropshipping business.
We hope this gives you a good insight on how to start dropshipping business. Bookmark this page to see HOW TO MAKE MONEY FROM DROP SHIPPING IN NIGERIA.
It requires a lot of creativity to be successful in drop shipping business in Nigeria.
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