Looking out to start a dropshipping business in Nigeria and you really want to be successful in any type of product you pick to dropship, i will walk you through the whole dropshipping process and what you’d need to get started.
What is Dropshipping?
Dropshipping is a way for a retailer to sell goods without keeping them in stock. Instead, the retailer buys the goods from a third party, like a manufacturer, wholesaler, or another retailer, and has them sent directly to the customer.
How does dropshipping work?
Dropshipping is a simple process that works in a loop.
Step 1: A customer buys something from your online store.
Step 2: Your store sends the order automatically to your dropshipping supplier.
Step 3: The dropshipping company gets your customer’s order ready.
Step 4: The dropshipping supplier sends the order to your customer directly.
Pros of running a drop-shipping business
You don’t have to worry about having products in stock before selling something to a customer.
The supplier is in charge of the products in his own stores and will ship or deliver them to customers in your name.
Customers don’t have to know that you’re in the middle.
It’s pretty easy and quick to get going.
Great chance to make money without doing anything.
You can begin right at home.
When your customer base grows, it’s easy to grow.
What do you need to start dropshipping business in Nigeria?
A good idea for a business: To start a successful dropshipping business, you need a good business idea. Think about what you want to sell. Find a way to stand out and decide what kind of products you want to sell.
Pick a good provider: Find a supplier who is reliable and sells at a good price so that you can make money.
Set up your store online: Get good photos of the products from your supplier and put them on your website. Always check to see if an item is still available.
Set up a business bank account: Your business will be able to handle money better if it has a business account. You can put limits on the account to help you manage your money well.
This is a great use for a WEMA business account. It is a small business account that can be managed online to make business easier. It’s meant to help small businesses get bigger. It can be opened with as little as 10,000 naira and has all of the features of a current account. If you use this account once a month, the fees are reasonable.
Some Dropshipping Niches Ideas
Here are some of the hottest online businesses right now;
- Men’s Clothing & Accessories Dropshipping Niches
- Women’s Fashion & Accessories Dropshipping Niches
- Health & Wellness Dropshipping Niches
- Kids & Babies Dropshipping Niches
- Male and Female Gadgets
- Home & Kitchen Dropshipping Niches
- Phone Accessories Dropshipping Niches
- Home and Pets
- Cars and Motorbikes
- Hair Extensions and Wigs
- Wall Decoration
How to Start A dropshipping business in Nigeria
1. Decide what you’re going to sell
What kinds of things do people need right now? What is the issue that needs to be fixed? This and other things will help you decide what kind of niche you want to fill.
2. Find a vendor
This is another step that is important. Find a supplier who will let you act as a middleman between him or her and the customers. Find out if they will take care of the logistics of delivery as well.
3. Build your website
Good for you if you can do this yourself! If not, pay someone to do it. Buy a domain name and a place to host your site, and you’re all set. Sites like WordPress can be used to make simple websites. You can also use social media like Instagram, Facebook, and even WhatsApp for business to market your products.
4. Invest in marketing
How you market depends on you, mostly. Now, marketing is done online. In addition to having a website, you might also want to use popular social media sites like Facebook, LinkedIn, Twitter, etc. to build your online presence. You can also host your products on well-known e-commerce sites like Jumia, Konga, and so on.
5. Keep proper financial records
Dropshipping can make you a lot of money, but it’s important to keep track of this money. Keep your personal finances and business finances separate, and make sure everything is well documented.
Still, people who work hard at dropshipping can make a lot of money. Even though there isn’t much work to do in terms of logistics, there may be competitors. To stay ahead of the competition, it’s important to keep up with the latest marketing trends.
Here are some frequently asked questions (FAQ) about dropshipping businesses that might also be helpful:
Does dropshipping work in Nigeria?
Yes, dropshipping does work in Nigeria. You could put your products on online shopping sites like Jumia or sell them through social media.
How much money can you make if you drop ship?
Since you won’t need much money to start the business, you’re sure to make money no matter how much you sell. Then, how much money you make depends on how many items you sell and how wide your profit margins are.
How do I start dropshipping?
If you follow the steps above, starting your own dropshipping business will be quick and easy.
Does it make sense to start a drop-shipping business in the year 2022?
Yes! Many people are looking for easy ways to make passive income because of the current economic crisis. Dropshipping is one of those ways.
Is it free to start dropshipping?
This depends a lot on what you want to start with and how complicated your business plan is.
Can you use Amazon to drop ship?
Yes, you can .
How much money do you need to start selling on Amazon through dropshipping?
Amazon has two types of packages. The first one costs $0.99, and the second is a bulk package that costs $50.00.
Why is it bad to dropship in Nigeria?
There are both pros and cons to dropshipping (please see above). One of the main problems is that people can see it. Because the customer thinks the drop shipper is the retailer, any mistake the supplier makes could hurt the drop shipper’s business.