Importing and reselling memory cards in Nigeria - Tips to Make Money in Nigeria

Posted by Felix Okoli on Tuesday April 17, 2012 15:5:47:

Memory cards are small, light, easy to ship and have a wide application. This is a good business not many people know about except those who are into the business. Memory cards sell for high prices in Nigeria and even original or brand new ones are hardly available.

Types of memory cards
There are many types of memory cards such as the following:
- CompactFlash memory cards
- Digital/MicroSD High Capacity)
- Memory Stick Micro M2
- Memory Stick Pro Duo
- Memory Stick Pro-HG Duo
- Memory Stick Duo (for games)
- MiniSD memory cards
- SD memory cards(Secure Digital)
- MicroSD/MicroSDHC memory cards(Micro Secure
- SDHC memory cards(Secure Digital High Capacity)
- SDXC Memory cards(Secure Digital eXtended Capacity)

Devices that use memory cards
Most electronic devices now use memory cards and they include:
- Mobile phones such as Nokia, Blackberry, Motorola or samsung phones mostly used memory cards.
- Video games such as Sony PSPs and so on
- Cameras such as camcoders, video cams and photo cams too

Why ship memory cards business rocks
They are light and cheap to ship using air cargo services such as DHL or UPS. It sells because you can import in bulk and sell below market price to end retailers. Not all phones or digital devices sold in Nigeria come with memory cards but they come with slots that require them so it's a good investment. Besides, it doesn't expire other than it may crash if you store it wrongly or subject it to too much shock.

Memory cars have wide usage
A single type of memory card could be used on mobile phones as well as video or audio players. People may need upgrade their cards or just buy new ones when the old one crashes.

High variance in Internet price and local prices in Nigeria
I was surprised when I googled for the price of 8gb sd/micro cards in Nigeria and found out it was sold at around N4000. Now this costs quite cheap at $5 from the Amazon store. So it seems as if those reselling memory cards in Nigeria tend to sell it with a whooping 100% profit or more!

Popular brands that last
Most of the ones readily available in the market are low names but here are a couple of good brands that have solid reputation in the memory card business:
- Sandisk
- Kingston

If you can import memory cards in Nigeria for cheap, you can really make millions within a year in profits.

How to buy Memory cards online and ship to Nigeria
You can do this from a couple of online USA stores but I would recommend Amazon. You may also try Google shopping for prices and stores.

Here is the basic format:
- Open an Amazon shopper's account
- Get a credit card
- Get internet connection
- Get a US shipping address
- Buy the goods in bulk
- Ship to your US address
- Re-ship to Nigeria
- Sell the end retailers.

Buy Memory Cards online from Amazon

Comments:

Re: Importing and reselling memory cards in Nigeria Reply by Marilyn on Tuesday April 24, 2012 at 17:2:47:

Where do we find these end retailers in Lagos?

Re: Importing and reselling memory cards in Nigeria Reply by Felix Okoli on Tuesday April 24, 2012 at 17:2:47:

I guess they are the ones with retail shops around you. The ones that deal with such accessories. You just need to market to them

Re: Importing and reselling memory cards in Nigeria Reply by ben on Monday May 7, 2012 at 18:11:6:

Pls how can one get u.s shopping address.

Re: Importing and reselling memory cards in Nigeria Reply by Felix Okoli on Monday May 7, 2012 at 18:11:6:

You can get one by signing up for an account here

Get US shipping address

Re: Importing and reselling memory cards in Nigeria Reply by stacy on Tuesday May 15, 2012 at 12:2:43:

Am interested,am still a student.whats the lowest capital required for this business.

Re: Importing and reselling memory cards in Nigeria Reply by Felix Okoli on Tuesday May 15, 2012 at 12:2:43:

N100,000 should be enough capital to make any meaningful profit

Re: Importing and reselling memory cards in Nigeria Reply by Babatunde on Sunday May 27, 2012 at 8:36:27:

i need to know address of dealers in nigeria

Re: Importing and reselling memory cards in Nigeria Reply by Steven on Monday July 2, 2012 at 22:59:8:

Pls can i get an email of every basic info on how this is achieved. My email address is uchechiotu@ymail.com

Re: Importing and reselling memory cards in Nigeria Reply by Emmanuel on Tuesday July 24, 2012 at 23:17:54:

Pls i need a favour from you.i've not bought frm amazon before.can i use your us address,and get one later.pls.it cost to get one which i cant aford now

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