#AfricaDay Reasons why you should start a business in Africa from home
Africa Business insight reveals top tips on how and why to start a business in Africa wherever you are in the world. Starting a business to import African goods in the West, Asian and within intra-African trade markets is believed to be a perfect business model.
Here are five reasons why you should start a business in African trade:
1) You are meeting a huge demand
There are hundreds of African manufacturers with limited distribution looking for an overseas market, importing their goods is the place to start your business.
Africa has high-quality products to offer that are in huge demand all over the world. People want to consume products that are healthier, natural, organic, ethically sourced, fairly traded, fresh and original, gluten-free, sourced from single destinations.
2) It does not matter where in the world you are based
If you are looking to set up your own business importing African goods, it does not matter where in the world you are based. It is important to know that food products and African goods such a coffee, tea, fruits, spices, superfoods, natural skin care, or gluten-free grains are needed globally.
3)You can start your business on a small budget
You can start your importing business of African goods in your own home with little money. There are various importing business models that require different levels of capital and input.
You can start out as an agent, which means you can get started with your mobile or a laptop and connect with manufacturers and exporters in a certain market in Africa with buyers in a different country.
Shipping of containers or the transaction of money will be handled directly between the supplier and the buyer, and you can earn a commission. However, It is advised to re-invest that money into your business.
4) Create passive income streams
Once you have made a deal with a buyer as an agent, such as a supermarket, a coffee shop, a petrol station, a hotel etc, they will know to come back to you and stock up their products.
This means that the initial customer acquisition is where the work is and you can earn an agent commission each time. This is a great way to build a portfolio of buyers and grow your passive income streams.
5) Make money and enjoy your freedom on making an impact in Africa
The biggest reward is the money you will make and the immense freedom you will gain once you have a solid clients in your buyer portfolio. The commission for setting up sales is very profitable especially when other companies such as supermarkets or hotels buy from you.
Now that you are working for yourself and earning passive income streams, it is a good note to invest your extra money into other areas to create more wealth.
Where to start
Africa Business Insight is hosting web class, for you to find out and learn how you can get your own African imports business started in less than 3 months. If you are looking for professional support and done-for-you services, you can join Africa-Business-In-A-Box: Importing from Africa Program.
Source: Africa Business Insight