Is importation business lucrative?

[Lens]

Importation business is a very lucrative enterprise but it is capital intensive, which means you would need to involve respectable capital before you can implement the business and if you're able to make one successful transaction, you will make terrific profit from it. This is why you would see so many people proceeding to the business.

 

[Bisolami]

Importation business is a very lucrative enterprise but it is capital intensive, which means you would need to involve respectable capital before you can implement the business and if you're able to make one successful transaction, you will make terrific profit from it. This is why you would see so many people proceeding to the business.

It is very lucrative because you are going to be buying products at cheaper rate and import them to sell them at a higher rate

 

[Good-Person]

It is very lucrative because you are going to be buying products at cheaper rate and import them to sell them at a higher rate

Importation business could be lucrative but it requires a huge amount of capital in the first place.

 

[Bisolami]

Importation business could be lucrative but it requires a huge amount of capital in the first place.

I don't think it requires a huge amount especially when you are selling the products online

 

[Salt]

Not only its profitable but a very good business too and since it is related to import of different products to different countries you need to take necessary approvals too

 

[Bisolami]

Not only its profitable but a very good business too and since it is related to import of different products to different countries you need to take necessary approvals too

You will even be able to buy so many things that you need from other countries too.

 

[Starmix]

It is definitely a good business if you are used to it or have been doing it for many years. This business requires permits for importing.

 

[Salt]

You will even be able to buy so many things that you need from other countries too.

Its not easy because if we are working like that then we need to take the necessary approvals from the Government otherwise its not even legal

 

[Starmix]

When you import it must be legal from the country of origin and to the country of its destination or else they will impound your goods for importing illegally.

 

[Salt]

Its a very profitable business but there is a lot of paper work and formalities that you need to follow