Export infomation: March 2012

Monday 19 March 2012

Export infomation: Nigeria's 25 Non-Oil Exportable Product

Export infomation: Nigeria's 25 Non-Oil Exportable Product: NIGERIA ’S 25 HOTTEST NON-OIL PROFITABLE EXPORT PRODUCTS Hundred millions of dollars are being made to...

Nigeria's 25 Non-Oil Exportable Product

NIGERIA’S 25 HOTTEST NON-OIL PROFITABLE EXPORT PRODUCTS

Hundred millions of dollars are being made today in home-based export biz

The federal government recently said its non-oil exports recorded unprecedented growth of 60 percent in the last quarter of 2008, mostly in agricultural products.

Only very few Nigerians for now have penetrated the lucrative market of non-oil export and reaping cool big profit without stress. The KNOW-HOW of Non-Oil Export secrets had been covered up and seriously guided for sometime, but now, your number one life changing magazine SUCCESS DIGEST has decided to reveal the top 25 most profitable non-oil product in Nigeria, these products are in high demand in the international markets

Quick guide

* assess your company's export readiness * build an export plan* research and select your target market* create an export marketing plan*determine the best methods of delivering your product or service to your target market*develop a sound financial plan; and *understand the legal aspects involved in international transactions

A lot of Nigerians are operating a highly lucrative home based exporting Company and they are making a steady income between N50,000 - N500,000 monthly regularly with no capital investment, no risk and at their spare time. The profit from the first transaction can be ploughed back and an investor will be able to build up his capital base.

Here are the 20 hottest money spinning non-oil exportable products in Nigeria

Cassava flour: Cassava flour has very close substitute in gari, yam flour, plantain flour etc. This notwithstanding it is a very popular food item that is easy and fast to prepare, has long shelf-life, and is preferable to the unpleasant and putrefying odour associated with the wet process of cassava preparation. The raw material for this project is cassava tubers. The raw material is available all over the federation. The machinery, accessories and equipment needed to produce good quality cassava flour are cassava peeler, cassava tuber, grinder, siever, dryer, fermentation tank, sealing /sewing machine and international standard measuring scale. All of the above can be fabricated locally for any capacity required by investors. There is market in Europe, America, Far East by notable industries

Cotton: Cotton is the most important natural fibre of the 20th century. The efforts of the Federal Government of Nigeria towards the development of the nation's cotton sector received a boost recently, as the National Cotton Association of Nigeria (NACOTAN), got a lifeline of N33 million to enable the sector bounce back to life. Dangote group recently assured all cotton farmers that the company will assist the processing of their cotton including exportation as arrangement has reached advanced state with some foreign firms on the purchase of all processed cotton in the Country.

Snail: Nigerian snails are in high demands in America and Europeans Countries

The only thing the snails may constantly demand from you is your attention and care. If your start up capital is N100,000 you can generate the sum of one million naira in one year. They hardly fall sick. You don't have to buy their food and you may not have to spend much to create an abode for them. The beauty of it all is that the snails reproduce rapidly. They are capable of producing hundreds of eggs, which hatch into snails. It is now possible to produce 1,000,000 snails worth more than N5 million twice a year.

Ginger: Ginger is one of the most important articles of trade in the world spice market, where it is found fresh, dehydrated, preserved powdered and other forms. Though, Nigeria is among the World’s largest producers of ginger. Ginger’s flavour and colour vary with its origin and harvesting, storage and processing conditions. Traditionally ginger is mostly sun dried in production centers, and it is often under dried in order to meet supply schedule, as a result it is often found to be moulded after shipment, and the colour of the dried and powdered ginger is sometimes dull with musty smell.

Leather and Footwear: Presently the world footwear and leather products sector is moving from high-cost industrialized countries to developing countries and many developing countries (Nigeria inclusive) have strong potentials in this sector regarding raw material and human resources, but have mainly remained suppliers of raw and semi-finished products. The raw materials for leather and its products are mainly from livestock, and Nigeria is endowed with the third largest livestock population in Africa. Raw materials availability has been acknowledged as a basic comparative advantage towards the export of leather and leather products.

Palm Kernel Oil: Palm kernel oil (PKO) is extracted from the kernel of palm. It should not be confuse with palm oil, which is obtained from the pulp of fruit of the palm. Palm kernel oil has a light yellow color and it has a milder flavor than palm oil. It is often used in the manufacture of various cosmetic, confectionery and pharmaceutical industries. Palm Kernel Oil Crushing is a viable investment because raw materials can be sourced at ease, the production technology is simple and feasible, and the market for end products are automatic.

Palm Kernel Cake: Palm kernel cake (PKC) as a by-product in the milling of palm kernel oil. Palm kernel cake is considered a medium grade protein in feed, containing 14.6% to 16.0% crude protein, useful for fattening cattle either as a single feed, with only minerals and vitamins supplementation or mixed with other feedstuff. It has also become the main ingredient in daily cattle ration. Palm kernel cake is commonly export, mainly to Europe. It is delivered in bulk via vessel or pack in bags for easier handling and distribution. Lately, it is also used as Biomass fuel in Europe especially United Kingdom to provide heat and energy. The cake is demanded by feed millers and by exporters.

Investors can also export directly. In fact, an established factory will always have customers depositing in advance of production.

Yam flour: There is no doubt that Nigeria produces yam in abundance. In every state of the country, yam is available. It is estimated that over 30% of the harvested yam tubers are lost as waste, but due to the availability of processing and preservation mechanism it is easy. The machinery and equipment needed to process yam flour are:(a) Yam peeler (b) Milling machine (c) Boiler (d) Scale (e) Dryer (f) sealing machine (g) Packing machine. If there is a country that should take this project very seriously it is Nigeria. It is the world's largest producer of yams (over six million metric tones) accounting for over 50% of its output. Of this output, only about 5% (300, 000 MT) is put into industrial use by way of chips and flour.

Textiles and Garments: Nigerians can now tap into the $31bn US Booming Garment Market. When AGOA (African Growth and Opportunity Act ) came into effect, many Nigerians saw a window of foreign exchange earning in the textile and garment section of the act and keyed into it such Nigerians now earn millions of dollars from garment and textile exports to the US annually. Nigeria's textiles and apparels have been granted duty-free passage into the United States’ where a large market exists for ethnic African fabrics and designs.

Cocoa butter: Like many trees, the cocoa tree produces fruit. Inside this fruit are seeds known as “cocoa beans.” When cocoa beans are crushed and pressed, cocoa butter and cocoa powder are released, both of which are essential to chocolate making. The smooth texture, sweet fragrance and emollient property of cocoa butter make it a popular ingredient in cosmetics and skin care products, such as soaps and lotions. Because of it's high stability, cocoa butter is also used in a variety of health and beauty products as well, such as lotions, facial products, cosmetics and pharmaceutical products. This product is in high demand in UK and America

Gum Arabic: Gum Arabic is produced by Acacia trees and occurs within the Sahel Ecological zone of Nigeria. We are currently the third largest exporter of Gum Arabic in Africa, after Sudan and Chad. Its annual exports are estimated at 5,000 metric tons. The highest quality of Gum Arabic—Grade 1—is used in a wide variety of food, beverage, cosmetic, and pharmaceutical products, making the market for this grade of gum quite robust. The Nigerian Gum Arabic season is December to April of the following year and the trading period of the product takes place between January and June of every other year. Newly established National Association of Gum Arabic Producers, Processors and Exporters of Nigeria (NAGAPPEN) chapters in each state have been the vehicle through which informal training has been conducted.

Export infomation: Nigeria export and exportable information

Export infomation: Nigeria export and exportable information: EXPORT BUSINESS EDUCATIONAL www.21stplacelive.com Are You Serious About Making Money in International Trade? ...

Saturday 17 March 2012

CONTRACT SOURCING

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CONTRACT SOURCING

You can now earn big finders fee in one deal by sourcing for export contract for Nigeria exporters

Export contract is an international purchase order, which would be signed by both the buyer/importer and he seller, the exporter before a legally binding international trade can take place between them. Getting export contract therefore is a very critical step in the export value chain, However many find it difficult to obtain because of knowledge gap in understanding trade terms, export market information and local product information.

Online export business: It might interest you to know that the gap between you and the millions of naira waiting for you in this business is nothing but the “basic understanding of an export business process”. Understanding the fundamentals of an export business process especially as it concerns securing a GENUINE EXPORT ORDER/ CONTRACT with a well secured method of payment, then you are on your way to making UNIMAGINABLE LOADS OF MONEY.

NOTE: You are strongly advised to use the email for all communication that has to do with export because it is faster, more efficient and cheaper. More than office apartment, you need the determination to make it work

The big secret: Veteran exporters and prospective exporters are in dire need of export contracts for the various agricultural and allied/ mineral commodities that could be explored within the country. So all you should do as an export entrepreneur is to secure these contracts via the internet using the various trade portals listed like Alibaba, Tradekey and so on, with your GSM phone, you could start earning commissions which run into millions of Naira in few months depending on the size of the shipment. All you need to do is to read through, carefully understanding the elements of an export contract process.

Here are the Contract sourcing options

International and bilateral Chamber of commerce: These are organizations you can join, they are Nigeria German Chamber of Commerce, Nigeria China Chamber of Commerce, Nigeria Belgium Chamber of Commerce, Nigeria Canada Chamber of commerce they are representative of business men in those Countries you can register with them and they can help you look at their data base to help you find a reliable and genuine buyers.

Attend workshop: A lot of workshops are being organized by export consultants through out the Country often times they give out contact of foreign buyers of Nigeria products, you can also attend the one being organized by the Nigeria Export Promotion Council (NEPC) they also organize seminars, they do invite foreign buyers to meet with Nigeria exporters, you can leverage on this opportunity to get an export contract

Personal contract through friends and relative abroad:: if you have friend outside the country they can provide you with good contacts of importers of Nigeria products.

Referral from existing exporters: Some people are exporting already you can leverage on their experience some of them have a long term contract that they cannot fulfilled alone , they need more exporters from Nigeria to meet with their contract request.

International Business travels and film shows: A lot of us that travels out of the Country , we can use this opportunity look for buyers don’t just use it as a funfair but try and look for buyers of Nigerian exportable products

Internet portal: These are trade leads like alibaba.com, trade leads, B2B, Use Internet and online notice boards to post offers and respond to requests for new suppliers.

Contract Sourcing Processes

PHASEI

· . Read through export resource materials to get more information on your chosen product

· . Decide on the export contract to be sourced

· . Get a detailed profile of the export products from----

· . Get the product samples and divide it into 2 or more parts

· . Do a lab test on one of the products samples (test for the specification in the product profile)

· .Reserve the other samples as product to be sent to the buyers in the future

PHASE II

· Register as a free member on different trade portal and B2B Platform on the internet e,g Alibaba, when you get to any trade portal find out how robust their services are, almost all of them has an help centre so you can click and read

· State the details of the lab result of your product sample on the trade portals and B2B Platforms, if you done it with SGS state it there

· Take the picture of the product don’t download picture on the internet

· Check the portal on a daily basis to see the buyer’s responses to your mail

· Before you answer the buyers question you can verify from a mentor or an excising exporters

· Respond to the buyers enquiries promptly as soon as you get the response from them

.Making contacts with exporters: Once the importer have given their conscience to work with you as a broker you may run some classified adverts in the local newspaper such as “exporters are wanted for urgent product supplies” or “export business opportunities” This ad would be used to pull exporters of Nigerian commodities. When potential clients start calling as a result of the advert, inform them that you have buyers of the said product from a named part of the world say Germany, Belgium etc. I bet, you would be fascinated by the caliber of clients that will approach you for the contract. These ranges from retired senior military personnel and business tycoons with large reserve of funds. Fix an appointment and meet with your client Upon discussing the contract details, you could charge your client a finder’s fee of about N100, 000 and subsequently enjoy a 10% commission of the anticipated profit. Depending on the value of the contract, you could be well on your way to earning up to six figures monthly. Imagine collecting your finder’s fee from ten prospective exporters. This is a whooping N1, 000, 000 (one million naira) But for you to really communicate a detailed product description to both your prospective client and the foreign buyer, you would need comprehensive information about the quality profitability of the product in question.

.It might be slow at first, and you will need to plan your moves, make contacts and SELL YOURSELF. But once you make a few sales and sign several contracts, you will know that your dedication was worthwhile.

Tunji Afuwape is small business and SMEs finance expert

Tel: 08033224392.e-mail:info@21stplacelive.com