The "Perfect Business" Every nigerian Man should know about
Written by Bernard Okoye
Ekwulobia | Dec 14, 2022 | 5 mins read
Once in a while, I get mails and Dm's from people who read my contents and who want me to advice them on what businesses to do.
Last week alone, I got 15 of such mails.
11 of them were from Men who are looking for a profitable business with small capital that they can start asap.
If you have read any of my contents too, you should know by now that I know about many delicious business opportunities.
But if I were to recommend a profitable business for a Nigerian Guy who only has a start-up capital of N50,000 and about less than 2 hours a day to spare, I would recommend what I call smart e-commerce (the dropshipping model)
What Is Smart E-commerce?
Why the dropshipping model & Why Do I Recommend It for Nigerian Men?
Before I tell you what smart e-commerce (the dropshipping model) is and why I recommend it, I want you to stop for a moment and think about what many people spend their money on asides shelter, transport, school fees, food and drinks.
If you think about it carefully, you will agree with me that most of what we spend money on comes down to physical goods that help us to live a more comfortable life and enjoy life better.
Things like:
- Car Accessories
- Fine Clothing
- Shoes
- Health supplements
- Creams
- Make-Up and other Beauty products
- Jewelry (Beads, wristwatches etc)
- Stuff for Kids
- Fitness Products
- Bathroom products
- Phones, Tablets and other mobile gadgets
- Computers and accessories
- Etc
The point I am trying to make is this...
"People spend a lot of money every year on physical products and that is why companies like Jumia & Konga are growing FAT every day"
The market for these products is HUGE and UNLIMITED.
And majority of these products are imported from places like China and the US
But unlike Jumia and Konga, you do not need a big website with lots of bells to make a lot of money importing and selling these physical products.
No.
As a matter of fact, you could make millions from a single product when you use the smart DROPSHIPPING approach
I am not sure what your income goal is...
Maybe it is an extra N500,000 a month
Or N1 million a month
Or even N5 million a month
The smart DROPSHIPPING model of e-commerce I am about to explain to you can make it happen for you (that is, if you are not lazy like many people are)
How Smart E-commerce (The Dropshipping model) Works
I am about to explain how the smart e-commerce business (the dropshipping model) works and I will be using a story to do this
This is the story of one of the students in my support Group
As a 25 year old Hustling Guy in his final year, he needed a way to generate some income
He wanted to start a barbing business but his capital wasn't enough to get him all the requirement he needed to start especially the shop he wanted to rent.
So, someone introduced him to Smart E-commerce (the dropshipping model)
After a few weeks, he got started.
All he had was his laptop, his mobile phone and less than 50k capital
And so with my help, he set up every single thing and got his first three orders on the first two days of running his ads
The product he was selling was a N35k Heavy duty Blender
SEE PICTURE BELOW
He sold it along side this free gift
SEE PICTURE BELOW
Each of this bender cost 16k + the 5in1 multicutter which he used as his free gift was sold at N1700 which totals the price for the offer at 17700 per one
So for each order, he was making over 13-15k per each successfully delivered order depending on the cost of the delivery.
You might have even seen his advert on facebook or Instagram because he sold this product for a year + before he decided to switch products due to some complains from customers
Within his first month he had successfully sold over 48 pcs of this product making over N830,000+ in pure profit.
The funny thing about this is that:
- He didn't have to import or buy the product he was selling upfront before he sold it
- He only had less than 50k which he wanted using to start his barbing business which was not enough to get him started, an old laptop and his mobile phone
- He didn't even have to run his deliveries himself and he did such figures in less than a month
If you take a good look at this story (you can read it again), you will be able to understand what Smart E-commerce (the dropshipping model) is all about
But in case you don't, let me spell it out clearly for you
Smart E-Commerce is All About 4 Things:
1 - You search for at least one physical product that solve problems for people or helps them get closer to their desires.
E.g. In the example above, the Heavy Duty Blender makes cooking in the kitchen easier...The product is so heavily built that it could blend something as hard as a bottle to tiny particles
2 - Once you have found the product, you create an offer around the product to help you stand out
E.g. In the example above, instead of selling just the blender he sold it with the 5IN1 multicutter which made him stand out
3- You find sellers of this product you want to sell and make a deal with them based on their price
E.g. In his case he found a seller who sells it at 16k + the free gift at 1700 and partnered with him while selling his at 35k
4- You sell them using genius marketing methods to for a good ROI
E.g. In his case, he sold them at 35k using just facebook adverts
This is why I said earlier that you can make millions from a single product when you use the dropshipping approach
Later on, you can expand to more products.
Right now, the overall E-commerce business in Nigeria is booming.
According to a study published on Statistica, the E-commerce industry in Nigeria is projected to reach US$6.62bn in 2022.
As you can see below
That is about 3 Trillion naira +
This is one of the reasons why I highly believe in this business model.
I also recommend the Dropshipping business model because:
1- You don't need a lot of money to start (You can start with even N25,000 if you're already experienced)
2- The market for physical products is HUGE and UNLIMITED (you will never run out of products to sell)
3- You don't need a shop or office to start
4- It is not time-consuming
And the profits can be fast and crazy
As you can see, this business is not for broke or unserious people.
But the good thing is that you can turn your capital into a lot of profits within a few weeks if you use a proven system.
Talking about a proven system, let me invite you to a guy who has trained many of the successful smart e-commerce (the dropshipping model) business people in Nigeria
His name is Bernard Okoye
OF COURSE HE IS THESAME PERSON WRITING THIS. Hehe...
But then just so it doesn't look like a brag, hear what some of my successful students have to say about me
AN ON AND ON
I don't want to bore you with reviews upon reviews so i would stop here but then what's important is that you heard it from my students mouth and not mine so it doesn't look as tho i am bragging
Anyways, back to the goal of this blog post
Listen up, i am not the type of person to lie to you or try to play mind games with you, so here is the thing
I have recorded a free video that breaks down and shows you everything you need to know about dropshipping
In that video, there is an offer to get my course on dropshipping but the that offer is not for everyone but only for qualified people
So here's an outline of what you would be learning in the free video
1- Introduction to dropshipping (everything you need to know about the word)
2- How to find red HOT products that you can dropship today and start cashing in a minimum of 200K monthly.
3- Where to find low-cost sellers of this products who we can partner with so we don’t even have to import it
4- How to start selling this products once you’ve found them
WHY THE FREE VIDEO?
Why because you cannot go into something you do not understand and that was why i created that video to explain everything you need to know about dropshipping
This way, you can decide to or not to go fully into the dropshipping model of ecommerce