alaka kolade

All about sport,loyalty and love for everyone

[alaka kolade @AlakaKolade]

@yoma_emeje Lagos all d way , i think i can make lasgidi wonderful 4 u trust me.

[RICKY 💣 #BBNAIJA @Ricky_jumbo]

TOP 7!!! 🎉

We made it! A massive THANK YOU to the entire Risky Gang and everyone who loves, supports, and believes in Ricky. Your votes, love, prayers, and unwavering support brought us this far.

From the storms to this beautiful moment, you never gave up on our King.

Ricky is Top 7! And this is only the beginning.

May God continue to bless every single one of you and crown all our efforts.

WE LOVE YOU, RISKY GANG! ❤️👑
#BBNaija #RickyJumbo

[alaka kolade @AlakaKolade]

@MrTomiwa Enter maami market go cool off brother

[alaka kolade @AlakaKolade]

@sa_ni001 My camp dat year , pray mk dem no carry you go , Ife South oooo, terrible, Ife central , osogbo Is fine, enjoy ur service year.

[alaka kolade @AlakaKolade]

@GodknowsMercy Enter lasgidi now , sure city.

[alaka kolade @AlakaKolade]

@StephenCurry30 FACE OF NBA

[alaka kolade @AlakaKolade]

NBA GOAT

[Stephen Curry @StephenCurry30]

Season 18 🏀

[Stephen Curry @StephenCurry30]

Season 18 🏀

[alaka kolade @AlakaKolade]

@GodknowsMercy OYA WAT CAN WE DO

[alaka kolade @AlakaKolade]

@yinkanubi The govt is not just serious and we the people too , we are by watchers , when we are ready ,we know what to do , to disrupt the system.

[Amuda S.O @AmudaSodiqO2]

The truth is that, sometimes, we can be greedy as Nigerians.

Let me use this Electric brush as an example, I will give a simole break down of how much this electric brush costs from China, the express fee, shipping fee and clearance fee per unit all based on it's KG.

From a seller shop, this toothbrush costs 5.10 yuan which if converted to naira, it is 5.10 × 208 = 1060. 1yuan = 208naira.

So, a unit of this Electric toothbrush from a supplier is 1060.

Some seller usually include express fee/courier fee/Freight fee to the cost of the product.

Freight fee: Freight fee is just like the cost of logistics/waybill from your sellers factory to your china warehouse.

China Warehouse: this is your china agent store that collects your goods from your supplier, keep, and pack when it's complete and ship to Nigeria for you.

So, some seller charge Freight differently. It's usually between 1-5yuan, depends on your China warehouse distance.

So, for this product, the cost is 1060 from the seller and the weight is 100g/unit.

To get the weight in KG, you will divide the actual weight by 1000. Which gives you 0.1kg.

So, for shipment, there are 2 method of shipment to Nigeria.

Air and sea shipping.

For Air shipping, they're categorised into 2.

Air shipment for Normal goods and sensitive/battery goods and they both have different rates.

Where pricing issue start settling in is where you want to ship.

Sometimes, the cost of shipping is higher than the cost of purchase because of the exchange problem.

You buy in Yuan but ship in dollars.

The rate for normal goods shipment is different from that of Battery goods shipment, simply because of the route and cost of insurance on the battery/sensitive goods.

The rate also depends on the cargo company you're using.

I use Skycargo, I have been using them since 2018 now.

The present rate for Sky cargo are;

Normal goods: $8.3/KG
Sensitive goods: $8.6/KG.

To calculate this, you need to first change the dollar to naira.

The present dollar rate exchange by Sky cargo is 1438 naira to dollar.

So, for this product, since it's a sensitive product because it's a rechargeable electric toothbrush, we will use the sensitive rate calculation.

$8.6/KG --- 1438 × 8.6 = 12,336.8

The kG of the product per unit is 0.1kg after converting.

To get the shipping cost per unit, you will multiply 12,336.8 × 0.1 = 1,233.

Then, add the clearance fee. The clearance fee is 1000/KG.

Since this is not up to 1Kg, multiply 0.1 by 1000. It will give you 100.

Now add everything together.

1060 + 1,233 + 100 = 2,393.

That's the per unit cost of this Rechargeable electric brush.

I can decide to add 3k as profit and sell for 5393. That's still very fair.

But, other might decide to sell for 10k.

Imagine buying 1kpcs of this brush and you sell for 5,393.

That's in revenue 5,393,000.

Landing cost: 2,393,000
Profit: 3,000,000.

That should be fair.

Who knows how much that brush is sold in Nigeria?

Temu even sell between 7k-22k.

If we can be less greedier, there won't be a need for this war, so to speak.

[alaka kolade @AlakaKolade]

@efya_vandam @AbenaAyittah Asem nu dosun ,ma bre

[alaka kolade @AlakaKolade]

@OyakhireTaiye U don too focus on old way, na new way everybody one dey use niw, no cracking of any head at all.

[alaka kolade @AlakaKolade]

@OyakhireTaiye Military regime, na hin d man run dat year sir

[Taiye Oyakhire @OyakhireTaiye]

@NkirukaNistoran Una go too cast 😂😂😂😂

[alaka kolade @AlakaKolade]

@SirLeoBDasilva Bro , the basic things are food,housing and power, we don't have any you are now talking about space program, you must be joking, space ko , container space ni.

[alaka kolade @AlakaKolade]

@Sire_Gift The games they were meant to win, they messed up , but they now want to beat Arsenal at home , they must be jokers.

[alaka kolade @AlakaKolade]

@iam__Jezreel God is good