Cost of Starting Exportation Business from Nigeria

Pls i need advice on how to start exporting business with just #500,000 only.I have also taught about selling something with my vehicle but can’t really decide on what to do as part time as i am a working class.Kindly advice me pls.

New Member Asked on October 13, 2017 in Business.
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Steps by Step Guide to Starting An Export Business in Nigeria

Step 1:  Register A Business Name:

When you have decided to go into business, registering the business is the next thing to do. It saves one from a lot of legal issues when one registers the company.

The one that is likely to concern you as a small and medium company is the registration of the business name and probably Private Limited Company.


Here is the basic step to register a business name:

The first thing you do is actually find a business name.

You go to the Corporate Affairs Commission Office nearest to you to obtain a Form for application with a token.

Step 2. Find Products To Export

Now that you have registered your business name, you are ready to start exporting. But before you do that, you need to decide on what exactly you want to export.

Step 3: Source for Foreign Buyers of Your Product

The next question that is likely to bug your mind is how to find buyers because really, what is the point of having a product that is not demanded. It is necessary for the survival of your business to have people who would be interested in buying what you have to offer.

Step 4: Find Suppliers of Your Product

The suppliers of your products are very important to the success of your business. What would make the buyers keep coming to you is the quality of your product and you can only determine the quality of your product by the kind of suppliers you get.

Step 5: Determine the Price of Your Product

Once you have put everything in place, the next thing is to start selling your product. But before you do that, you need to determine how much you will be selling your product.

Palm oil
Zobo leaves
Locust beans
Cashew nuts
Ogbono seeds

You can start small with at least #1,000,000


Expert Consultant Answered on October 18, 2017.
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