Sunday, August 25, 2019

7 Very Profitable Products to Sell Online in Nigeria


Selling products online in Nigeria can be very profitable but it also comes with challenges such as stiff competition. In this article, we want to look at the 7 of the most profitable products you can sell online in Nigeria to serve as a guide in choosing or channeling your efforts towards making money online in Nigeria. You can actually start making money by selling these items online either through affiliate marketing or by your own ecommerce store.

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The 7 of The Best Products to Sell Online in Nigeria
These are the most lucrative products to sell online in Nigeria based on the profit margin and sales volume of each item. In some cases such as with cars, the volume is low but the margin on sales is high whereas for fashion items, certain products tend to have low margins but have high sales volumes. Kindly take note in case you want to venture into any of these businesses.  

Mobile Phones and Mobile Devices
One of the most profitable products to sell online in Nigeria is mobile phones (specifically smart phones) and other mobile devices such as tablets and smart watches. The profit margin on these items range from as little as 500 naira to over 20,000 depending on which device you are selling and the version or date of manufacture. The problem with these products is the stiff competition. There are so many people selling mobile phones hence lower profit margin. The key to success here is to sell a mobile device that is unique and in fairly high demand or to buy at very cheap prices from importers and resell at retail prices to customers using ecommerce or listing websites with plenty of web traffic such as; konga, Jumia and Jiji.

Mobile Phone Accessories
Mobile phone accessories are in very high demand from mobile phone users because they prolong the lifespan of their devices or add an aesthetic feel to the smart phones and tablets. The interesting thing about mobile phone accessories is that they are easy to buy from wholesale websites such as alibaba, taobao and 1688.com among others. You will have to worry about shipping them to Nigeria and finding the best online shopping malls to sell them.

Airline tickets
Airline tickets are also very profitable items to sell online. The commissions from sale of airline tickets can be very hefty in some cases attracting up to 5% (imagine an airline ticket that costs 450,000 naira and you earn 5% of that amount).

Hotel Reservations
At least 8,000 people travel daily between Lagos and Abuja alone and some of these people want to stay at affordable and convenient hotels. Although this niche is highly competitive, there is still room for hotel reviews and affiliate marketers can key into this.

Shoes
These products are in high demand as well. Office shoes, casual shoes both male and female are bought in hundreds of pieces daily. The most profitable shoes to sell online are men’s leather shoes because of the profit margin. Women’s designer heel shoes are also in very high demand and have high profit margin.  

Real Estate
Real estate properties especially undeveloped land can be easily marketed and sold online through free classified websites like jiji or through social media adverts. People are also looking for apartments and shops to rent and these are starting points for anyone who wants to make money online

Children’s Clothing
Buy baby shoes, clothes and dresses as an example. A large number of working class parents prefer to shop online for their children’s clothing needs through websites of popular stores like wranglers, rough and tumble and of course jumia. The volume of transactions is over 300 million naira per annum according to a market study on spending made online by Nigerian parents.

Thank you for reading this week’s article and I hope you enjoyed it. Please connect with me by email: nigeriahomebusiness@gmail.com or call: 0803 206 4106 on how to get started with an online business in Nigeria.

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