Connect with us

How To

How to Start Buying from Aliexpress and Make Money

Avatar

Published

on

Are you looking for a good business idea that will bring you some cool cash within a fairly short timeframe? Then you should consider buying and reselling goods (importation) from Aliexpress.

What is Aliexpress? Why Should You Use It?

According to Wikipedia.org, ‘AliExpress is an online retail service based in China owned by the Alibaba Group. Launched in 2010, AliExpress is made up of small businesses in China and other locations like Singapore that offer products to international online buyers. The Company (AliExpress) facilitates small businesses to sell to customers all over the world.

How to Start Buying from Aliexpress and Make Money

How to Start Buying from Aliexpress and Make Money

You might be wondering if it’s safe to buy from Aliexpress. Well, it is very safe to buy from this Chinese site in fact, safer than buying from other e-commerce websites you might know of or that you are used to. This is because in Aliexpress, you are protected no matter what you buy as far as you buy it directly from the site.

Again, why this is so is because, most of Aliexpress suppliers who list their products on the site are legitimate. Hence, it is very safe and reliable to buy from Aliexpress. But there are still a few bad eggs on the site of which you should be aware of and refrain from.

Why Are Products So Cheap In Aliexpress?

A common question asked by many people is, “Why are products so cheap in Aliexpress?” this is a genuine question because many people think that most of the products on Aliexpress are not of high quality because of their low prices but this is very wrong!

Aliexpress products are cheap because most of the merchants selling products on Aliexpress are based in China. Since most of their products are manufactured there (in China) and this is not done by a few companies but hundreds of companies, the market forces significantly bring down the price of goods.

Besides, the cost of production is relatively cheap, China has a lot of resources to deploy easily plus ready technologies which significantly reduce the production cost. Finally, given its huge population statistics (Over 1billion people), the cost of labor is cheap too. When combined these ergonomics help in pulling down the price margins for goods compared to other parts of the world. These and more reasons account for why most of the products made in China are Cheap.

The Two (2) Modes of Buying from Aliexpress.

There are two ways of buying and reselling goods from Aliexpress namely (1) importation business and (2) dropshipping. each of these ha its advantages and disadvantages. In an earlier article, I did an in-depth analysis of what these two (2) forms of buying from Aliexpress entail, their pros and cons. Do well to check the article here.

For more resources on importation business in Nigeria, please read this free guide where I explained this subject matter in detail.

You should also check out my additional guide on how to start dropshipping business in Nigeria.

For this guide, my focus is on both importation business and dropshipping. The section below shows a summary process for buying from Aliexpress and reselling whether you choose importation business or dropshipping or both.

Step-by-Step On How to Start Buying from Aliexpress and Make Money

To start buying from Aliexpress to sell and make profits, here are some tips to help you:

(1) Choose a Specific Niche.

Choose a very targeted group of products that are always in high demand all or nearly all the seasons. This is called the target “general” niche. After choosing a target niche, proceed to choose a good category (that fits your interest) from that niche. For example, you can choose “Ladies’ Wears” as your target niche then choose “Shoes and Bags” as your category.

(2) Compare Shops Offering Products In Your Niche.

If you choose ladies’ wears as your niche, for example, then you should visit some shops in your area (or in your town and/or wherever you want to sell to) to see the kind of ladies’ wears that are trending at the time. Once you’ve known what sells, go to Aliexpress and check if you can find the product there.

If you see the products, begin checking for and consulting or checking with the sellers or suppliers of the products on Aliexpress. While doing this, please make sure that your prospective Aliexpress supplier is reliable. You can check reviews from his previous customers to know if he/she is worth doing business with or not.

(3) Order Samples.

Before you start bulk-buying what you are going to resell, order some samples. This will enable you to know whether the products are good or not. Also, it will open your eyes to the time taken before products are delivered.

(4) Buy the Products, Market It.

After you’ve ordered the product  samples, tested and found them to be market-worthy, the next thing you have to do is to go ahead and start buying the products for sale. However, understand that your brand will not spread if you don’t advertise it effectively.

There are many ways to advertise or market a business. If you make a website to use for your advertorials and marketing, make sure it is customized and that your product’s pictures are of high resolution. You can run Facebook adverts (ads) or contact social media influencers to help you promote your brand.

(5) Focus on the Welfare of Your Customers.

Nothing much to say here than this, “take your customer’s welfare and user experience seriously and reap continuous rewards. Neglect this and sit back to lick the consequence”. That’s self-explanatory enough. Isn’t it?

Conclusion

To start buying from Aliexpress and reselling to the local or international audience, make sure that you buy what is trendy and in high demand else you might end up not getting customers and run into severe loses. Ladies wears and fashion items are good categories to choose because there is always a new trend that sells like hot Shawarma and the demand is always high. I wish you the best of luck in this industry. Thank you for reading.

Comments

comments

Ekemini Ekpo is a professional Blogger, Research Analyst, Internet Marketer, and Tutor. He is passionate about Business, Investment, Entrepreneurship, Finance, and Personal development.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Finance

3 Major Startup Financing Challenges And How To Solve Them

Ossi Samuel

Published

on

major startup financing challenges

Comments

comments

Continue Reading

Business

Practical Guide On How To Start A Profitable Food Processing And Packaging Business In Nigeria

Ossi Samuel

Published

on

start a profitable food processing and packaging business

Comments

comments

Continue Reading

Business Ideas

How to Start and Grow a Hair Making Business

Avatar

Published

on

Hair making business is one of the most lucrative businesses that you can start these days. With little or no capital, you can start your hair making business. Surprised? Yeah, there are a lot of local hairdressers that their job is only to plait hair and they do not own a shop; they run their business at home. All they need is to advertise their business to their family, friend, and neighbors.  This is one of the advantages of hair making business; you can start it anywhere, even in your sitting room.

If you don’t have capital, I suggest that you start with this kind of hair making business – the local hair plaiting business a.k.a local hairdressing business.

Another type of hair making business that is very popular these days is hair Salon business. Unlike Local hairdressers, hair Salons offers a wide range of services. In a hair Salon, you will get your hair washed, dried, trimmed, and/or plaited naturally or with attachments.

How to Start and Grow a Hair Making Business

How to Start and Grow a Hair Making Business

If you are thinking of how to start and grow a hair business, then this article got you covered!

It is known by all that women can spend their last Kobo to look attractive to the other gender and even to their fellow women. Hair is one of the major products women use to bring out their beauty. This makes women very concerned about the kind of hairstyle they wear and how they wear it. To meet this concern or need, a hair salon comes handy!

If you are a good hairdresser, you will see customers coming in the morning, the afternoon, and at night for this service.  This is because fashion is an ongoing process with no stop.

Hair making business is very easy to start but like any other business you have to make research on it to prevent it from failing. In conducting this research, you will get to know:

  1. how much you can or you are going to invest,
  2. how much will you be making,
  3. where you are going to site the business,
  4. which niche will you pick, and
  5. other essential things about the business.

Now, let’s start with the capital. Like I said earlier, you can start your hair business with little or no capital. But this depends on where you are going to start or site this business. If you are going to start the business in front of your house, with a little capital of N20,000 to N25,000 you can buy small equipment, start and run the business. With this capital, you can be making a minimum amount of N5,000 daily, depending on how you charge per customer and how many customers you have.

On the other hand, if you are starting your hair making business in a rented space, you need more capital as you will pay for the rent, buy chairs, a generator, fans, and other pieces of equipment needed to setup the shop. This will cost you about N200,000 to N250,000. A lot of money right? Well, if you consider how much you will be making daily especially if your shop is in a commercial area and you make it attractive, this startup capital will not be a big deal to you. Starting it this way, you can be making about N15,000 daily and as time goes on you might decide to hire apprentices which will enable you to double your earnings within a very short time.

Five Steps To Take Before Starting A Hair Business

I will now share with you the Five (5) steps that you should take before starting your hair business. Besides helping you to start the business, these steps will help your business to grow and prevent it from falling.

(1) Acquire the Necessary Skill(s)

Hair making business is not the type of business you can start off the head without acquiring the core and auxiliary hair making skills. Relax, you are not going to get a Bachelor of Degree in hair making before you acquire this skill. A training of Six (6) months or a year will make you good to go. In this training you will learn many kinds of hair plaiting including Ghana weaving, braiding, fixing of weaving, and other hair management skills like hair treatment, and hair culturing among others.

Also, you will learn washing and retouching of hair. If you are going to start a unisex hair business (i.e., a hair business for both the male and female gender), then you will need to learn different types of hairs for men just like you learn that of women. Getting a place to learn this skill should not be hard as there is several hair making shops in town which are willing to teach this skill for a small training fee. You can simply work as an apprentice to other hairdressers thereby learning it in the process.

Besides the skill of hair making, you should get business management skills too. You can do this before or after you’ve started the business. This will help you to go far and attain great heights in the business. You can check for a good business school closest to you as well as their features/offers as well as why you should attend business school.

(2) Create a Business Plan and Save Up for It

You should create a business plan that will enable you to know how much you are going to invest, where to start, the energy, and time needed. The next thing to do after creating a business plan is to start saving money for the business. This, you can do while you are still undergoing the training. You can collect a loan or ask for help from your family members and friends.

This is why I suggest that you start as an apprentice so that you learn the rudiments of business and savings. You can be saving your little earnings and by the time you finish learning the skill, you would have saved a considerable amount of money to enable you to set your own business.

There are other avenues through which you can get funds to start your business. I have a detailed article where I list about 10 ways to raise funds for business startup such as your hair business. You can get the complete guide here

(3) Choose the Best Location to Site the Business

This is another very crucial or arguably the most crucial of all the steps in starting this business because choosing the wrong location might lead to the failure of your startup. Whether you want to rent a space or start in front of your home, you should get a good place where your customers will easily find you. If you choose a hidden place, your business will end up failing as no one will know about you and your business.

(4) Keep Your Business Premised Tidy and Well Decorated

When you got the right location and launch your shop, you should try to make it as attractive as you can. Make sure that you and your shop is always neat and tidy. Arrange your materials and equipment in a neat way that will make your prospects and customers see everything that they need easily. If you always keep your shop attractive, people will keep coming; the reverse could be the case when you do not keep your shop tidy.

(5) Advertise Your Brand, Offer Superb services, Make Profits

To make your brand spread, you should advertise your business. If you can afford sign boards then you should go for it. You can also advertise your business and the services you offer on social media. Doing or delivering good and high-quality jobs is also another form of advertisement; if you make beautiful hairstyles for your customers, whoever sees it will like it, develop interest and then come and patronize you.

Conclusion

As a hairdresser, you should live by the saying, ”a customer is always right” meaning that you should relate well with your customers and be patient with them. A good character will keep bringing more customers to you while a bad character will drive more prospects and customers away from you.

Comments

comments

Continue Reading

Trending