Mini importation is when you order for commodities online from foreign merchants into your country in small scale. The difference between mini importation and the real importation is that the former is in small scale and you don't have to get approval from government before doing it. And you don't need to pay excise duty apart from logistic fees pay to your shipping agent. Mini importation is lucrative in that you order cheaply from these merchants and sell x2 of the incurred cost. For you to make profit in this business, you have to order for what can quickly move in the markets.
How lucrative is mini importation business?
- Thread starter hastral45
- Start date
Sometimes the nature of your importation is going to be more expensive for you to make adequate profit from your products which is why it is better for you to do some sort of drop-shipping in particular business that you don't have the money to go in the large proportion of importation.
Mini importation used to be more profitable some years back when stuffs were cheaper. However with the rising cost of inflation, only shipping fees will wipe your profit not to talk about competitors. Full importation is better if you have the funds or you buy wholesale.
This is a lucrative business. That is what my sister do.
It is a good business in the sense that it is lucrative monetarily and you can make a profit from it.
It is compulsory to have a very good knowledge on this type of business because you could also lose if you do not understand the intricacies.
Before going into any business, there is always something you need to learn. There are rules and regulations you need to understand to be able to get the best out of it. No matter how simply or easy the business might seem.
