10 Compelling Reasons Why You Need To Become An Importer In 2022
You are probably reading this from your mobile phone and you have seen lots of vendors on instagram selling cool stuff. Maybe you have even entered a store and you have seen dope merchandise and you wondered how much these people are earning by making these products accessible to consumers.
This is all thanks to importation.
Importation has created many business opportunities for entrepreneurs and it is one of the ways countries make essential products available for consumption.
If you are wondering if you should join the importation train, the goal of this article is to give you 10 compelling reasons why you need to become an importer in 2022.
Let’s dive in!
1. You stop needing “Urgent 2K”
Nothing annoys an adult like needing urgent 2K. That point when you are cash strapped and you really need to pay urgent bills. Importation eliminates that situation for you because you have a business that helps you make profit to pay bills. Having a business doesn’t mean you won’t need money, depending on how well you manage the business and your lifestyle, you may not be in a precarious financial situation.
2. It brings out the entrepreneur in you
What is more cute than being creative? Entrepreneurship has to do with creativity and innovation. If you have an idea of a brand, business or product, with private label manufacturing and importation you can bring such a dream to life. Either by private label manufacturing or sourcing existing brands.
3. Make you have access to a wide range of suppliers
With the importation business, you have the opportunity to build a relationship with lots of manufacturers and suppliers in the industry. When you start sourcing goods, you get to know the suppliers you should be working with. This provides your retail business with a constant stream of inventory.
4. Empowers you with other additional skills
When running a business generally, you are expected to keep learning on the job. It is the same with the importation business. You can learn different skills to grow your business such as sales and marketing, brand building, customer service etc.
5. Helps you learn the ropes of business
When you start an importation business, you get to build the experience of managing a brand, building relationship with suppliers and procurement agents, interacting with your customers and managing your team. All of these the essentials of running a business and it is something you learn from experience with importation business.
6. Helps you build a brand
If you’ve ever wanted to build your own brand but you don’t have the budget for a factory capacity, importation via private label manufacturing is your best bet. It saves you cost of infrastructure, cost of machine, production team and training etc. With importation business, you can brand any product you want to sell with your own business name and logo.
7. Something to rely on
Just like any business, you can also rely on importation business as a legacy. Many global brands are doing this already by having their founders build lasting legacies. If well managed, your importation business can outlive you. Even long after you are gone, your legacy lives on.
8. Can be used to compliment your 9-5
If you already have a stable 9-5 job, having an importation business is flexible enough to compliment your main income. You can build your importation business on the side to support your main income as well.
9. Can amplify your passion
Not everyone has the opportunity to follow their passion as a kid. Many of us are working at jobs that are just paying our bills. If building a brand or owning a business of yours is your passion, importation business offers that opportunity and you can do this even while still working at the job that pays the bills. If you want to start a T-shirt printing brand for instance, you can do that by simply sending your designs to your suppliers in China and they print your designs on fabrics for you. You can import them as a ready-made product to be sold to your customers.
10. You get to make your own money - dope stuff, huh?
Everyone likes making their own money. So do you, right? What’s better than calling the shots and knowing that you can get to buy what you want when you want it? Importation business helps you have an alternative source of income and if well managed, you can say bye-bye to being broke forever.
How to get started:
If you are wondering how to get started, you are in the right place.
At Naiyuan Mart, we help business owners and entrepreneurs procure and ship goods from China. We pride ourselves as the leading Chinese procurement company in Nigeria.
Read more on what we do here