HOW TO START AN E-COMMERCE BUSINESS WITH LESS THAN 10,000NAIRA IN 2023

 

HOW TO START AN E-COMMERCE BUSINESS WITH LESS THAN 10,000NAIRA IN 2023

I know you are wondering how is this even possible? 

Most people must have told you to have a huge budget before going into e-commerce.

 But I will show you a simple way to get started. 

This is something I have tried and it's proven to work.

1. FIND AN AD ACCOUNT AND A GOOD WHATSAPP TOOL

Not every product you promote must be done with a sales page. You can effectively sell out some products without ever using a sales page. One of it is the health niche.

You will need to get a Whatsapp tool that you can use to effectively send out broadcast message to multiple number of people that you generate using Facebook ads.

2. RUN LEADS GEN AND DIRECT YOUR TRAFFIC TO WHATSAPP.

With a budget of about 3000naira, you should be able to generate between 50-70 people coming to your Whatsapp. This also depends on what you are promoting and how the Advert is set up.

3. FIND A LOCAL SUPPLIER THAT CAN HELP YOU DELIVER AND SEND YOUR PROFIT

Personally, you don't need to buy products with your own money. A lot of suppliers especially in Lagos already know about arbitrage. 

Once you mention you are an advertiser, they already understand. Many of this people have delivery bikes that work for them. Once you send them an order, their delivery guy does the delivery for you.

4. SEND DAILY FOLLOW-UP TILL THEY BUY.

Messaging your list twice a day will make them convert faster. Out of the 50-70 leads generated, you'll start making sales, and the more you advertise, the more your list keeps building up and the more you keep selling.

5. START BUYING PRODUCTS FROM THE PROFIT YOU'VE MADE AND SEND TO OTHER STATES

From the profit you've made, you can start buying the product from the supplier and sending to other states where you know some interested customers are calling from but you've not been able to deliver to.

The last product I promoted, I started testing with just 2,000naira adspend and I kept selling till the supplier ran out of stock.