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How to Start Small and Grow Big in Nigerian Commodities Export Business

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I know you will survive the COVID-19 pandemic. So don't just sit at home playing Lido, Draft or Chess. Now is the time to plan for another source of extra income. Find out how!

Aba, the Enyimba City is presently on lock-down due to the COVID-19 pandemic. But don't just sit at home playing Lido, Draft or Chess (I know you don't have light to watch videos!). Now is the time to plan and think about adding another source of income to your financial reservoir, as soon as we're free to move about again. Learn how you can start a commodities export business.

The Export of Commodities from Nigeria to other countries is a money spinner. However, from sourcing, processing, packaging, documentations, logistics, shipping, insurance and delivery, the huddles surely are there. But once you are able to scale those hurdles and set the ball rolling, you are in business.

However, as a beginner who may not be able to go the whole hog right now, remember that the commodities export business is not just all about the products or commodities arriving at their foreign destinations, and the exporter smiling to the bank in dollars. No, there is more to that.

The commodities export business is a mini value-added chain, and you can begin to break into the business by strategically positioning yourself somewhere between the local commodity producers and the elite commodity exporters. That way, you start small, but you learn and grow into a full fledged exporter in due time.

See Small Business Loan Approval - What do Banks Want to See?

A simple business model is for you to identify the commodity exporters as well as the local sources of the commodities you wish to deal with; and then stand in-between them, at a premium. In other words, you can simply become a supplier to the exporter. Or you may even decide to work for him. This will help you to understudy and understand the commodities export business and how it operates.

Commodity Export2

If you are interested in this small business idea, then below is a short list of viable export commodities you can choose from and explore more about. Most of these commodities can be sourced from the hinterland piecemeal. Some of them you can even get for free or very low cost in the villages and farm settlements. Some of these villagers don't even know that palm kernel shell is of any market value, not to talk of export value!

Find out which commodity tickles your fancy, and then do a little more research about it; so that when the sit at home is finally over, you can quickly launch your next small business, and thus create another source of income for yourself!

Start your research from HERE.

13 Locally Sourced Commodities You Can Export From Nigeria

Bitter KOLA Export
Cashew NUTS Export
Cassava CHIPS Export
Hardwood CHARCOAL Export
GINGER Export
Kola NUTS Export
Palm KERNEL Export
Palm Kernel OIL Export   
Palm Kernel SHELL Export
Palm OIL Export
Sesame SEEDS Export
Shear Butter NUTS Export    
Smoked FISH Export   

You may also be interested in: 
Access to Easy and Affordable Loans for Small Businesses in Nigeria

You may also be interested in: 
How to Apply, Qualify and Get the Central Bank of Nigeria Small Business Loans 2020.

You may also be interested in African FOODS Export Business.

Watch now: 7 Items You Can Start Exporting From Nigeria with Small Capital

Stay Smart, Wealthy and Wise!

© Jay Onwukwe

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2 comments

  • Comment Link Tectono Business Review Thursday, 11 June 2020 03:37 posted by Tectono Business Review

    Hmmm!!! Folks, let us say the truth and shame the devil. Many Nigerian non-oil products exporters have been defrauded of huge amount of money in the process of exporting agricultural commodities and solid minerals to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

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  • Comment Link ujoh Friday, 05 June 2020 21:50 posted by ujoh

    Hello,

    If you want to go into export business, There are so many company website this days like http://www.virtatrade.com that will enable you as a beginner to raise the fund you need to start up your export business without you seeking for a loan.

    This company is where many business dealers from all over the world generate fund that backup their various businesses financially.

    I used this company to backup my cocoa beans export business each time my business is running down.

    You can visit and register with the company website here http://www.virtatrade.com to raise the fund you need now to go into your export business.

    Report

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