I believe strongly that the larger the population of a country the more business opportunities in that country.
Nigeria is one of such countries that has vast business opportunities due to the 200 million people living in the country. Businesses springing up and expanding daily.
However, to start an exportation business you must know what your country has in abundance that is in dire need in another country.
It is not as easy as it may sound – starting an exportation business but this is one of the easiest international businesses you can do. No business is easy. If doing business was easy, everyone will have a business and no one would fail.
Are you interested in becoming an exporter in Nigeria? Would you like to do business with people from across the world? Would you like to get paid in the most valuable currencies around the world? Would you like to build a business that will have branches and operations in different continents around the world? Then you are in the right place. This article was written particularly for you.
If you do not fit into that profile in the last paragraph, then you had better not wasted your time. This article is only for those who are ready to put in the work and build a huge enterprise. If this sounds like you, then there are some things you must know. To start an exportation business in Nigeria, there is a procedure than you must be prepared to follow. Once you do this, you are set.
#1 Register Your Exportation Business
Business Registration is one of the signs of a serious business. No one will take an exportation business serious if it is not registered. You need to understand that this business will operate like a standard corporation in the international market. So, you need to get the basics right.
#2 Register With The Nigerian Export Promotion Council (NEPC)
If you do not want any problems with your parcels and containers after you have grown big, you had better registered with the Nigerian Export Promotion Council.
#3 Register With Customs
As you can see, there are a lot of registrations needed for this business. You need a lot of these registrations to avoid all the possible problems attached to government agencies. The customs is one agency you don’t want to cross as they can impound your goods no matter how large they are, if you are not registered.
#4 Obtain Special Licenses And Permits
Not everyone needs this, but if you are dealing in some major goods, you might need a license or a permit to export it out of the country. Without this license, your business is considered illegal. While doing this, don’t just get the permits that are available. Confirm that all the products you plan to export are allowed. Some products have no permit because they are prohibited. Stay away from them.
#5 Get Your Insurance
Anything could go wrong. This is not a matter of divine protection. You need to plan for hazards and disasters. Get an insurance, so that you can handle disasters when they happen.
#6 Partner With A Shipping Company To Ship Your Products
There are Freight Forwarding Companies in Nigeria that are solely dedicated to helping Nigerians export goods to countries around the world. Most of them have specific countries that they export to. So, find the one that exports to the country or countries you want, and strike a deal with them.
If you complete this process, you are set for success in the exportation business.