MIB: The Business Of 2013

MIB is an acronym for Mini Importation Business. It is the business of the 21st Century person. It is the happening business.

By the grace of God, in the course of this series entitled, IMPORTATION BUSINESS MADE SIMPLE, I shall be taking you one step after another on the subject of Mini Importation Business.

Now, Let's Go...

IMPORTATION BUSINESS MADE SIMPLE

What is Importation? Importation simply means the inflow of goods and/services produced by other neighbouring countries into our country. It is a process of ordering for goods from other companies (Merchants) abroad, paying for them and shipping them into our own country for merchandising (sales) or personal usage at a relative profit.

Importation Business globally is known as the business of the rich. It is assumed that it is only those who have enough money that can venture into such businesses. Little wonder why many run to the various banks for aids in the form of borrowing (which they call. “Financing”).

The marginal difference between the cost of purchases of the imported product per unit multiply by the quantity of products imported subtracted from the total sales value and volume determine the profit  realizable from the importation.

Assuming you bought the products you imported at $17 (N2, 720) and shipped it at $3 (N 480). The total cost of the imported product is now $20 (N3, 200). When you sale at $30 (N4, 800) each, the unit profit will now be $10 (N1, 600). Now, multiplying this figure by the quantity of products imported. That is, assuming you bought 100 units of that particular product, which will amount to $2, 000 (N320, 000), you will make a profit of $1, 000 (N160, 000) instantly. This is how seemingly magical the importation Business is. It is lucrative!!! (N.B: We assumed a dollar to Naira exchange rate of N160 to $1).

Imagine making $1, 000 (N160, 000) in two week! That will amount to $2, 000 (N320, 000) every month! Remember, importers sale at wholesale basis. Most often, people pay them for the goods before shipment. That is why a person that starts importation on a low scale with sincerity, commitment, focus, and God by the person’s side, makes untold wealth in less than no time.

See You Next Time For The remaining part of the article.

GABRIEL C. ONYEKAWA

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