How To Make Profit In Okrika (Imported Used Clothes) Bale Business
Many people really don’t know how lucrative this okrika business is because they have really paid very low attention to it. When they hear okrika what they know is bend down select.
This business is moving because people must were clothes, shoes and carry bags. Not everyone has the resources to spend a fortune to buy quality designer stuffs, but some have realized that they can get this same quality designer stuffs for less because it has been fairly used and they go for such in order to cut cost.
The major aspect of this business is ensuring you buy good first grade London bales from a good dealer. If you can get a good dealer just like the one I know, you surely will have no problems at all.
The next thing is to try and repackage your bale contents. You don’t actually need to spread clothes, shoes and bags on the floor to do the bend down select style because they will price it far cheaper than what you can really sell especially when you buy first grade London bales. Most people sell these same stuffs in boutiques, offices etc and make better profit.
I can’t write a full explanation of the business here which is why I have broken it down for you to know that all you need is your capital to buy the bale, a reliable seller of the bale and your ability to package your contents properly.
Once you can get this, I can assure you that the profit is more that 100% from each bale you buy provided its a first grade London bale.
Please note that this first grade London bales are the most expensive in the market, and that is why you maximum profit is guaranteed. There are other bales from China, korea and others that have very low prices and greedy people run for those once just to make very high profit but then when you open the bales, the content will make you cry seriously.
For guidance and more information about how to maximize profit in this business and run it satisfactorily you can PM me.
Yes you can source from katangua market or Yaba in Lagos. Some people get it from Cotonou and trust me it’s everywhere.
The prices varies on the bale you are getting either for male, female or kids.
For example the female chiffon gowns bale is N135k for first grade London. The bale is 55kg and you have about 300pieces inside. If you sell a piece for just 1k the you can make 300k from one bale.
Wow, that’s great. How about the importation, do you have the idea of how to go about that?
I’ve seen many people on this website looking for and requesting information on how to import grade A used cloths from the UK and USA. Some are also looking for reliable importers who could supply them. Do you have ideas of these?
In regards to importing directly from UK, I have just gotten a contact there in the UK who I am planning to do business with. He said he uses a freight agent that handles the shipment and clearing while I just pick up from their office in Lagos. He has given me the information of the freight company and I have spoken with the manager but I am yet to meet him in person for now because of my tight schedule. So far I have confirmed from some people I know in the UK that he is genuine so I believe he is someone interested importers will want to meet also.
That’s good and he/she must be ready to ship the goods here in Nigeria before demanding for money. If they demand for money for anything, even for the clearing of the goods or transporting it from the wharf or from the airport to your destination, I suggest you say no. I mean no!
That person should be able to land the used clothes to the warehouse here in Nigeria for inspection before demanding for any penny. I hope that is correct?
Basically the arrangement is that payment is made at the office of the shipping company in Ikeja Lagos. The company is fastrack Logistics Limited. Its a well known company. You pay there and you are given a receipt and told when you are to come and collect the goods from the office. They have a warehouse there so they do everything and you just go and get your goods. I have confirmed all these and the man in the UK work with them to bring goods to Nigeria.
No, I’m totally against such arrangement, known company or not. There is absolutely no reason to pay for this in advance. The goods is already on its way back home, why not wait for it to make it to the warehouse where people may see it and pay?
Why would the shipping company be involved in the selling of the product? Or is the money you are going to pay meant for the shipment?
To my understanding, just like making orders from China through aliexpress and other sites, I think orders are shipped after payment. Same way I think this works. The goods are sent based on orders and not that they bring goods to Nigeria for people to buy. Actually, the person doing the bales to my understanding just uses the shipment company to make his transactions easier. I haven’t tried yet anyway so I cannot say, but I am someone that take proper care to do my research before I make a foreign transaction. I will post the info of the shipment company here so that you can also help me check them up because from my findings, they are a worldwide shipment company with reputation.
In my quest for same, I got the same fastrax link from a bale supplier with pictures, office address and more in UK. I sent a mail fastrax this morning because i am not currently in Lagos to confirm a client of theirs that send bales of clothes through them to Nigeria. I await their response. Please if you are interested in the clothe business, we can be partners not necessarily money wise. Please contact me
I am very impressed with the information on this site. Thanks