3 Business Models Anyone Can Use To Pull in Money Fast
by Precious George
Abuja | June 08, 2021
In February 2018, I printed and gave out 6000 free copies of a book where I shared 7 profitable businesses for Nigerians.
One of the businesses I talked about in the book is 'Smart Ecommerce' which is the business of importing hot quality products mostly from China and selling them in Nigeria at a good profit.
One of the people who got the book shared her testimony with me 2 months ago (May 2019)
She was able to start her smart E-commerce business around June 2018 with a capital of N80,000 and turned that into a profit of N3m within 6 months.
She Prefers to Remain Anonymous But Here is a Breakdown of What She Did:
1. She Took Her Time to Find & Import a Hot Product:
This is actually the first step to take in order to succeed with the smart ecommerce business.
You MUST ONLY import products that are PROVEN to sell.
One way to do this is by using what I call the 'Ecommerce Product Litmus Test' - The way the litmus test works is - you create ads and try to sell the product before you pay a dime for it.
If a lot of people show interest in buying it, that is when you actually import it. In her case, she used the litmus test to try out 11 different wristwatches for women.
Out of the 11 watches, women went gaga for 2. She imported the 2 and sold over 500 copies in 6 months
2. She Worked From Her House:
Many people waste their small capital on renting shop or office space.
Not this woman.
As a small time, smart ecommerce person, you don't need a shop.
So, don't waste your capital on renting a shop.
3. She Used Instagram & Whatsapp to Market:
The next thing she did was to use a combination of Instagram & Whatsapp to get buyers.
First, there are a lot of buyers on Instagram especially for women products.
And when you combine Instagram ads with the Whatsapp messenger, you have a perfect selling machine in your hands.
This doesn't mean you should only use Instagram for your business. The audience on Facebook is 4 times bigger than the audience on Instagram. You can test both
4. She Used Pay on Delivery:
Pay on delivery is a fantastic way to get more sales than when you ask people to pay upfront.
Many Nigerians are skeptical about buying things online from someone they don't know.
But when you give them the chance to pay on delivery, you will get more sales.
You will also get some returns but it won't matter and it won't be much if you follow the next advice.
5. She Delivered Products Within 24 - 48 Hours:
Most of her customers ordered from Lagos and since she was getting an average of 5 orders a day, she found a way to deliver the products same day or within 48 hours.
That way, her returns were very low and she made a lot of profits.
This woman's testimony is another proof that the Smart Ecommerce business is very profitable.
You can make millions from a single product when you use this smart e-commerce 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 Leadership.ng, the E-commerce industry in Nigeria is now worth $13 Billion (N4.5 Trillion) as you can see below:
This is one of the reasons why I highly recommend this business model.
I also recommend the Smart E-commerce business model because:
So, How Come a Lot of Nigerians Are Not Doing This?
There are three reasons:
(1) They don't know about the business
(2) They know about it but they lack enough information to get started and succeed with it.
(3) The smart ecommerce business works best if you have at least N50k as capital and willing to do a little work.
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, permit me to invite you to a guy who has helped many people to succeed with their smart e-commerce business in Nigeria.
His name is Jonathan Melody
He has recorded a comprehensive video training where he explains how you can start a smart e-commerce business and make it profitable within a few weeks.
This Video Training Will Show You:
- How to identify and select hot products that sell like crazy
- How and where to find and import high quality products for low prices
- How to design an effective online system for selling your imported products
Click the button below to access the video training.
One more thing...
In case you are having doubts about if this business model will work for you or not, my answer to that is - IT WILL WORK FOR YOU
As long as you follow the simple rules that Jonathan Melody explains in the video training.
Just wait until you see the various testimonies from Melody's students in this video
It is now your decision to make.
Watch the video training to get started