Monday, 8 July 2019

How to make money via E-commerce Business

At the age of 21, Aliko Dangote borrowed $3,000 (N1,080,000 current exchange rate) from his uncle to import and sell agricultural commodities in Nigeria.

His business venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.
In summary, He started with buying and selling and he still does that.
One of the most lucrative business that has made lots of Nigerians millionaires & even multi-millionaires today  is Ecommerce .
Ecommerce(buying and selling using the power of the internet).
Unlike the days of Aliko, buying and selling has become a lot easier with the power of the internet.
Yes, ecommerce. Many people call it mini importation But you must do it the right way if you want to succeed by running what I call the Smart ecommerce business.
When I look at the eCommerce marketplace today I see people making these three mistakes which are widespread;

1). Importing a product because they think it would sell:

I’m sure you’ve been there. You go to aliexpress and you find a product that looks cool, you import it and then start promoting it.
And dang!
No sales.
You even reduced the price, yet nothing changed.

Now, your bedroom have been turned to a warehouse of unsold products.

Some even end up using the products themselves.

If you want to make serious cash with importation you must import products people can't wait to have.
2). Importing a product before finding a market /buyers
Most people who start mini importation first think about and conclude on a product before thinking about their target market.
The market should be the first thing to consider and a product should be the last. Once you find a hungry market, finding a product for them becomes easy.
3). They don’t know how to advertise and sell
The truth is, if you don’t know how to sell and advertise to your target market, it will be difficult for you to make sales.
You need to learn and know how to advertise and sell. You need to know how to pass your message to your target market.

The best money method for newbies
To be honest, there are plenty.
But the very best ones always
have one thing in common;
They're simple.
And this one's no different.
How simple you ask?
3 step simple…
Step 1.You search for at least one hot physical product that solve problems for people or helps them get closer to their desires.
Step 2.You buy the products at the lowest cost possible (from China or US) and you import them to Nigeria. 
Step 3.You sell them using genius marketing methods and make crazy profit.$$$
  E.g. You can do it using just Facebook and Instagram adverts. This is why I said earlier that you can make millions from a single product when you use this smart e-commerce approach Later on, you can expand to more products.

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