Since business is the main focus of Dubai’s economy. There are several business opportunities in Dubai and the government of the country is still bent on encouraging and supporting new ones.
Amongst the several business opportunities in Dubai, buying and selling is the major one that the country is known for. Dubai is known for the shopping of several items at affordable prices to resell and make a profit from, in your own country or wherever you reside. You can shop for gifts, ornaments for homes, carpets and rugs, coffee pots and cups, beads, jewelry, wrist watches, clothes, shoes, leathers for chair making, perfumes, cosmetics, textiles, electronics and home appliances etc.
In today’s economy, people are finding new ways to financially support themselves. And even those that are working are looking for alternative sources of income.
Selling of jewelry and clothes remains one of the most lucrative businesses because clothing is an everyday need and the jewelry is also a desirable need, especially for the womenfolk.
Women generally love to adore themselves with jewelry because it helps to enhance their looks.
Initially, women adorned jewelry only to appear attractive to men. This phenomenon has changed into a widespread trend and today, jewelry is an imperative part of every woman’s attire.
Jewelry is available in a variety of styles from the simple and elegant to flashy and hip. There is one to suit everyone’s personal taste; also, they are available in gold, silver and platinum with diamonds or gemstones. And guess what, there’s always one to fit everyone’s budget.
Dubai is known for one of the largest sellers of clothes and jewelries and several other items. Surprisingly, the people of Dubai themselves don’t make much of jewelries and clothing, most of its supplies are met through import and other foreign companies established in Dubai especially for business purposes.
THIS IS HOW TO START THIS LUCRATIVE JEWELRY BUSINESS, START SMALL.
Well, like every other business, you can start the business on a small scale by buying jewelries from people who travel to Dubai themselves. If you buy directly from them, it is cheaper for you to sell and still make good money. If you have a close friend that travels to Dubai, you could also give the person money to help you buy your goods and you can also order online. If you are buying from someone that travels to Dubai, you can start with about N 20, 000. And if you are sending someone that is travelling to Dubai to shop for you, you can start with about N50, 000.
HOW MUCH CAN YOU MAKE?
If you buy jewelries worth N20, 000 you can be sure of making over 100% profits on your goods.
SEVERAL KINDS OF JEWELRIES YOU CAN SELL.
When it comes to jewelries, Dubai is almost guaranteed to be able to supply whatever you are looking for. Ranging from gold, silver, pearl earrings and chains and wrist watches to diamond and gold rings, hand bands, bangles and bracelets these are fun accessories that greatly add charm to a woman’s beauty.
OTHER ITEMS YOU CAN SELL.
Clothes – you find everything from the most expensive designer shops to the inexpensive quality suits and shirts and wears for ladies.
Leather and luggage – like the popular saying, good leather last almost forever. Imagination and artistry combine in a wide range of fine leather goods, key rings, wallets, handbags, shoes and
Suitcase, cosmetics, bridal jewellery and accessories mobile phones, perfumes, sandals etc.
TIPS ON HOW TO SELL YOUR JEWELLERY PRETTY FAST ACCORDING TO MRS. BLESSING CHUKWU.
She doesn’t have a shop, so she doesn’t put a ridiculous amount on her goods.
She deals on clothing products and other fashion accessories that she could easily market considering the kind of people she interacts with. And because she doesn’t have a shop, she is not trying to save money for shop rent. So, she sells her goods pretty fast and travels back to get more stocks.
But, even if you have a shop, ensure you don’t put too much money on your cost price. This is to make it easy for people to afford and conveniently buy whatever interests them from your goods.
Furthermore, the earrings and bracelets I sell, I do wear them and once anyone admires them, I quickly tell the person that I am selling them. And because I go everywhere with my handbag, I start bringing my other products out of my handbags. That was how blessing put it. She continues, sometimes, when people see these earrings in its packed nylon or among other items you sell, they might not appreciate the beauty. So, once, I notice someone is contemplating whether to buy a particular one, I quickly puff my own earrings and wear the one my customer is admiring. And trust me, they will see the beauty. Same goes for bangles. You must also be able to interact freely with people and try as much as possible to be friendly with your customers.
Anyone going into jewellery and clothes business must also be fashion conscious. You must have a good dress sense. You must be able to suggest what will fit your customers and be good with the colour combination.
According to Mrs Blessing Chukwu, if you want to travel to Dubai yourself, there are endless numbers of companies and stores offering similar products. Once you have found the kind of items you like, you negotiate properly for the best price. The market is very large, so, feel free to walk around and compare prices. It’s all part of shopping. It’s always advisable to buy directly from the company and get a good bargain.
If you buy from retail shops in Dubai, it will be more expensive than the price they will give you at the company and by the time you get to Nigeria, you might experience difficulty in selling your goods or you will just make a minimal profit which might not even cater for your flight ticket.
WHY PEOPLE PREFER TO SHOP IN DUBAI.
People go to Dubai because it is very easy to get a Dubai visa. Because with N25, 000 to N30, 000 you can purchase your visa to Dubai. And then you purchase your ticket for about 100,000 to 150,000 depending on the period you are travelling. For example, there is a rise in the ticket price during summer time as most people tend to travel more during this period and more people go for shopping and tourism. And their goods, especially gold, are cheaper compared to other countries because Dubai is a tax-free country.
PROCESSING YOUR VISA
Before you can travel to Dubai, you need an international passport. Then, you have to approach a travel agent; they will give you a visa application form in which you fill in your personal details. And they make a photocopy of the data page of your international passport. And then you can go ahead and purchase your ticket. Once your visa application form has been submitted and you have purchased your ticket. You have to travel within 2 weeks or else, your visa application form will no longer be valid and you have to reapply. It is your visa application form that you will present at the Nigerian Airport. It is at the point of entry into Dubai, that your visa will be stamped on your international passport. Remember, your visa is only valid for 2 weeks.
BUYING QUALITY THINGS.
Buying quality goods will help you sell your goods quickly and also make a reasonable amount of profit. You buy in large quantities and sell in units here in Nigeria. Anyone going into this kind of business should already have a target audience in mind i.e. those you want to sell to.
BUYING IN DUBAI.
After you have done your shopping, any company you buy from, you are to give them the address of the hotel you are lodging and your room number. The company will in turn package your goods for you and send to your hotel, once, your goods get to your hotel, the hotel management will inform you and you would cross check the goods you bought with the receipt you were given by the company to ensure that all your goods are intact.
If you don’t have sufficient money to pay for full accommodation, there are some hotels that pair two to three people that also came to do shopping in Dubai in a room and you share the bill. This helps to reduce the amount of money you will be spending on hotel accommodation; you can also book for your hotel accommodation online in advance.
GETTING YOUR SUPPLIES TO NIGERIA.
According to blessing, sometimes, I travel to Dubai and sometimes I receive through cargo from my agent. Before you can receive through cargo, you must have established quite a relationship with an agent in Dubai. Your agents would have known the kind of stuff you buy, hence, they will know what to buy and send to you.
Here are the websites of some companies that you can make orders from online and you will have your goods sent to you. When you also see the jewelry you like and you have an agent there in Dubai, you can give the agent the company’s website and the code number of the jewellery of your choice. Your agent will help you buy and send your goods to you here in Nigeria.
AVOIDING DUBIOUS AGENTS.
If you are going as a first timer, it is better you go with someone who has been travelling for a while and uses the person’s agents or collects the agent’s contact number. Most of the agents in Dubai are Nigerians. Some of them connive with stall owners to inflate prices. So you have to be extra careful.
TARGETING SALES PERIOD TO DO YOUR SHOPPING.
You can also visit Dubai during sales periods between January to February of every year, there is always sales. It is popularly called Dubai discount festival. Few weeks to festive periods like Christmas, Easter, and Ramadan are also periods when they declare sales. And you are sure of getting also your purchases at good prices.
SUSTAINING THE BUSINESS.
Like every other business, the business of buying and selling is quite tempting. One, because several times, you don’t get to be paid at once. You get your money in bits and pieces, you are tempted to spend it, unknown to you, you are eating deep into your capital. In determining the price to sell your goods, calculate your flight cost and hotel accommodation so you wouldn’t run at a loss at the end of the day.
Another festive period is around the corner. In a few months’ time. We will be celebrating Christmas and New Year. This is a good time to get money ready to make extra money. As usual, festive period is a time for people to buy more clothes and jewelries. A lot of companies will be going on Christmas break and several people will also be travelling home to see their family members during this period. They want a change of clothes and jewelries to carry along. They would also like to buy for their relatives over there.
Even those that are not travelling have several occasions to attend. And I tell you, everyone likes to look good especially at this period. So, this is a big opportunity for you to take advantage of. You can even target transport companies that travel interstate and garages to sell your wares to people that are about to travel.
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