If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
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How
to start Kola nut export from Nigeria
Kola nut is one cash crop which demand has been on a steady
raise, it’s traditional relevance across cultures, tribes and
settings cannot be under scored.
Where to buy or source Kola nut for exportation in Nigeria
Good product sourcing ensures you have a good deal, which
translates to more money in your account, how?
You should understand that certain agro products are better
sourced in unique locations, it affects prices and logistics.
You may source buyers right from the comfort of your bedroom if
only you know how, aside this, you could equally use other
effective methods that have worked wonders over the years to
step up your game.
How to receive payment for Kola nut export business
I’ll recommend safest ways to receive payment from a foreign
buyer, this sums the whole process, if you can’t receive your
money then you’ve got no business exporting. I think you should
get acquainted with this before ever exporting to any country.
Cash in advance or wire transfer via bank account
This is a practice where you collect the payment for your goods
in advance, this usually happens through bank wire transfer.
Credit sales/Letter of Credit
This is a process where the buyer obtains a credit from his
bank, authorizing that his bank should pay the seller on his
behalf through the seller’s bank.
The seller gets paid once the buyer confirms receipt of goods in
good faith, document can then be released for onward clearing
where it involves heavy item in a container.
Document against payment/Draft documentary
The seller uses the bank to receive payment, the goods are
usually shipped with a bill of Lading through his bank, the bank
then forwards it to the buyer’s bank in his country of
residence, the buyer’s bank then collects payment from the buyer
before releasing the product.
There’s always a model you’re expected to follow and adhere to
in every business, however, everyone has a unique identity and
must be strictly followed.
For a start, you can venture into this business with about N70k
to N100k as the case may be.
Having sourced kola from any of the aforementioned local
markets, it’s your duty to keep it clean away from any form of
black spot, according to buyer specification and demand.
Kola nut is packaged in paper bag, not nylon, this is to enable
aeration, which ensures the kola maintains a good fit/look by
the time it arrives the buyer’s location.
These wrappers must contain at most a weight of 1kg. You’re
expected to pack them in a carton that amounts to a total of 7kg
which is approved and acceptable standard. By this, it means
each carton should contain 7 packs made up of one 1kg each.
On this note, it’s fit and ready for export.
Kola is exported via courier service, this is why you must
maintain the necessary package requirements ensuring it does not
exceed 7kg per carton.
Some of the courier service you may use are; DHL, UPS, EMS
SpeedPost, Zenith Carex International Limited, Creaseada
International Limited, ABC Cargo, Rowsy International Limited,
Sky Net Worldwide Express Nigeria, Fedex, Red Star Express etc
Start your kola nut export business today, and you’d sure be
happy you did.
Get our Practical Guide on Kolanut export from Nigeria. This
comprehensive guide aims to equip aspiring exporters with the
necessary knowledge and insights to successfully export kola
nuts from Nigeria. It covers essential aspects of the export
process, from market research and legal requirements to
logistics, branding, and sustainable practices. By following
these guidelines, exporters can navigate the intricacies of the
export industry and seize opportunities in international
markets.
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