3 Business Lessons That Saved My Life – Doctor Pelumi's Page

The Oldest & Highly Profitable Business Model Every Nigerian Should Know About!


Written by: Emmanuel Adiotu

April 13th, 2021 - Lekki, Lagos (2 mins read)

1,710,593 views - 389,121 Shares


September 2018, I wasn't so sure about how my life would go

The thoughts to end it all has been on my mind

I had just finished my BSC program from the university of Ibadan

It was 6pm in the evening


I was quietly sitting at the security post of the Factory where I was working,


waiting to take the night shift from my colleagues

I was paid N18,500

As a graduate, I really do not have a choice

I couldn't get a better job


So, I had to stick with this one

N18,500 was never enough for me, I needed more

I was 25 and I knew I was going to get married and raise a family someday

I didn't want such hard life for my children

N18,500 couldn't even pay my bills not to talk of that my family


My girlfriend left me


She said, ​she needed a better man


And, then it dawn on me that I needed to elevate my financial life to be a better man

So, I knew I needed a better source of income


And then I made a decision and embark on a journey for a better financial life

So, I started searching for another better source of income

I started surfing the internet looking for a business opportunity


I finally found one


A legitimate and fast profiting one

The business of buying and selling

Which many people regard to as ecommerce or mini importation


Ecommerce is about buying & selling, you buy & import product at a very cheap price and sell it to make a good profit - you can make as far as N20k or even more on each product you sell

I jumped right into it using my life savings

N33,721 was all I had in my GTB account - that was my life savings

All I wanted to do was import products and start selling just as many other big ecommerce guys does

I imported one funny iron I thought people would like and buy from me

Lolz

I learnt my lessons the Hardaway, I didn't even know how to sell them

I was trying to sell to everybody on my WhatsApp contact list.


Only one person bought.

A neighbor in my street, she promised to pay on install-ment


She had only paid 500 thrice (that's 1,500 out of 15,000 till date)

I was stubborn and determine to attain a better financial life

Giving up wasn't an option for me


I knew the business was profitable because I have seen & read a lot of success stories of Nigerians like me who were able to better their financial life through this business model


​All I had in mind then was, if they could do it, I too can 


I just knew there was something I didn't do right that made me fail at the first attempt

Eventually, I started asking questions and realized my folly.

I was focusing on importing and selling the product that I love not the product that the people loves and want to buy

As at then, there was this guy I met online that was doing really well in eCommerce

I decided to start following him bumper to bumper


I learnt all his strategies and started applying them one after the other


The next product I imported was an automatic body massager


I sourced and imported from a Chinese website called 1688.com


A piece of this product was selling for 60 Chinese yaun


60 Chinese yaun = N3,000 as at the time I was selling this product

First, I sold some properties and borrowed some money from friends and family


Then I imported 10pcs the product 


The cost went like this. 


10 pcs = 30,000   (1pc = N3000)

Shipping fee from china = 12,000

Facebook Ads = 16,000

cost of shipping to customers who ordered in Nigeria = 18,000


Total = N76,000


And then I sold out all the 10pcs in just 1 week at N19,500 per piece


Below is a screen-shot of the website I created and sold it on

Here is what the profit looks like


N19,500 x 10 = 199,500


Costs N76,000 - N199,500 


= N = 123,500 pure profits (just from one single week) 


Seeing the amount of profit I made in just 1 week, I kept importing and selling until the product got saturated and stopped selling. 


But then I still made over N3.2m in profits before it got saturated. 


This brings me to 3 important ecommerce business lessons


Lesson Number 1:

Only Import and sell a problem solving products that people really wants to buy

The question here is, how do you know the products that people wants to buy?

Wait...before I answer this question

I want you to stop for a moment and think about what many people spend their money on asides shelter, transport, school fees, food and drinks.

If you think about it carefully, you will agree with me that most of what we spend money on comes down to physical goods that help us to live a more comfortable life and enjoy life better.

Things like:

- Fine clothing

- Shoes

- Health supplements

- Creams

- Lingerie

- Make-Up and other Beauty products

- Jewelry (Beads, wristwatches etc)

- Stuff for Kids

- Fitness Products

- Bathroom products

- Phones, Tablets and other mobile gadgets

- Computers and accessories

- Etc

The market is so HUGE

You can simply pick a product out of the above list and run a test to see whether it would sell before you import them in large quantities



lesson number 2:

Don't Import a product in large numbers until it has proven to be a HOT product

Exactly the mistake I made and this mistake is common among many new e-commerce entrepreneurs


Lesson number 3:

Be a disciple to a successful mentor and save yourself the stress of learning the hard-way

The 3 lessons I listed above are just a few out of many

But if You can keep them in mind before importing jumping right into e-commerce, it would be help you succeed fast.

As at today, my ecommerce business has helped my financial life

I recently bought & invested 2 cars in the uber business


I currently live alone in a spacious two bedroom apartment in the expensive part of Lekki, Lagos

And I try not to miss my once-a-year vacation outside the country

Last year, I spent my 14-days vacation in Dubai and I visited a lot of nice places

Below are some of the pictures I took during my vacation

They're lovely... right? 


Trust me, Dubai is a very nice place to visit. you should try and visit it too


But keep in mind

All of these didn't happened by chance, they happened because I was willing to put in some extra effort and I didn't just give up like many others do

Anyway, I have decided to share EVERYTHING during my FREE online e-commerce training coming up on Sunday, 25th of April 2020


Yeah! I'm going to show EVERYTHING that I did to succeed in the business 


Starting from...


- From how I set up my very first successful eCommerce business with N50k


- All the mistakes (Do's & Don'ts) so you can avoid them all 


- Access to all the contact numbers needed to succeed fast (Sourcing agents, shipping agents, trusted delivery agents around all the 36 states in Nigeria) 


… And many more


It's just like giving you an exact photocopy of my brain, knowledge and ideas to aid your success in this eCommerce business


Click Here To Join The E-commerce Made Easy Class



Inside this FREE online Class, you are going to learn:

1. You're going to learn how you can start a profitable eCommerce business with a low start-up capital - I'm not just going to show you, I will also teach you how to set it up


2. How to build a website system to sell your eCommerce business fast


3. How to run highly-converting Facebook ads


4. I will add you to my eCommerce support group where you get access to my contacts so you can reach out to me and some other eCommerce experts whenever you need help


5. I'll give you access to a HOT selling product and also show you how to import them and sell them out fast


6. How to scale up your eCommerce business


7. .... And many more



Click Here To Join The E-commerce Made Easy Class



Wait...One more thing!!!


This online class is completely FREE (it's my own way of helping my fellow Nigerians build a sustainable income)


Venue: Zoom (online) 


Date & Time: 7pm - Sunday, May 2nd 2021


If you're really serious about start a profitable online business, Then you should make sure you don't miss this FREE online class


Click on this "Yes, I want to Attent the Ecommerce class" button below and fill in your name and email so I can first send you the link to join the class


So, I can also send you reminders to get you prepared for the class 


And, also make you my friend and share with you more strategies needed to succeed with your eCommerce business

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