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Skye Bank Is Dead! Polaris Bank Takes Over After Skye Bank Licence Revocation By CBN – See Reason

Stephen Olgade
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1
Skye Bank Is Dead! Polaris Bank Takes Over After Skye Bank Licence Revocation By CBN – See Reason

A prestigious financial institution in Nigeria, Skye Bank’s Licence has recently been revoked by the Nigeria Apex bank, ‘Central Bank of Nigeria’ and renames the revoked bank (Skye Bank) to Polaris Bank Limited.

The banking revocation was announced by Mr. Godwin Emefiele who is the CBN Governor and MD of Nigeria Insurance Deposit Corporation (NDIC) in Lagos state at a media briefing.

The take over was automatically confirmed after the official twitter username of Skye Bank was changed to Polaris Bank Limited.

But Why was Skye Bank’s Licence Revoked And Taken Over By Polaris Bank limited?

This is the question that flood the social media after the sudden disclosure and I also believed they’re a reason for that.

According to the CBN Governor, Skye Bank Licence is revoked due to the inability of the bank owner to shore up the capital of N350 billion intervention received by the revoked bank in July 2016.

CHECK OUT: How to Make Money Online

Emefiele added that Skye Bank needs urgent recapitalization because they can no longer operate as a financial institution in Nigeria on ‘borrowed times’ with indefinite liquidity support from Central Bank of Nigeria, CBN.

Central Bank of Nigeria had also injected the sum of N786 billion with the Asset Management Corporation of Nigeria (AMCON) in order to comment on sales processes in the new bank, Polaris Bank Limited starting from Monday, 23rd of September, 2018.

Is Skype Bank’s License Revocation And Renaming to Polaris Bank Limited Helpful or Not?

The only reason revealed by CBN is that they can no longer inject or lend funds to Skye Bank anymore because the owner and the entire bank management are unable to returned the money lend to them since July 2016.

To save you (as ‘customer’) and CBN funds not to be wasted into the non-profitable bank again, I think you guys should be happy because CBN made the right choice.

The Licence revocation didn’t affect anybody (I don’t know about the bosses) but the staff of previous Skye Bank will still remain as Polaris Bank’s staffs.

READ: How to Easily Save for Travel or Vacation

After Skye Bank’s license revocation, their share price increased by 4.05 percent at 77 kobos which shows a good start for Polaris Bank limited.

‘Polaris Bank’ is not really a new bank but Skye Bank reformation bank by Central Bank of Nigeria and we can say it’s owned by CBN. So tell me how they will fall into debt again?

The bridge bank, Polaris will start sourcing for investors to buy out AMCON after the full operation on Monday.

But, what do you think about this new development? Do you think Polaris Bank will perform more than formal Skye Bank?

Kindly let’s exchange interesting comments and memes using the comment box below.

How to Easily Save Money for Travel or Vacation

Stephen Olgade
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0
How to Easily Save Money for Travel or Vacation

How to Easily Save Money for Travel or Vacation

Are you thinking of surprising your family this coming summer with a trip to one of the beautiful countries like Europe, Dubai, or the United States? Vacation is drawing near and everybody is thinking of a way to enjoy it to the fullest but, are you fully prepared? Have you saved enough money for the trip yet?

Traveling to foreign countries is not what you can just wake up one day and start embarking on the journey but you need to plan ahead for everything you will need, use, and eat. Either you are finally relocating or just going on vacation, it must be imbibed with sweet experience and excitement.

If you want to thoroughly plan for these things, you will need ‘Money’, Isn’t it? In fact, Money is the most valuable thing you will need to save on the trip.

How to Start A Business from Scratch As A Beginner 

  1. Start Budgeting

If you have previously been spending about $100 per day, you can make a budget to start saving at least, $25 daily. That means you will save $750 in 30 days (a month).

This budgeting may involve:
a. Cooking with meal plan instead of restaurant
b. Enjoying time with family instead of spending some money in a club or bar house with your friends
c. Shop for cheap things for now
d. Give up gym membership for a while
e. Reduce expenses on spa, salon, or relaxation centers
f. Etc.

2. Do Odd Jobs:

Apart from your normal daily job, you can opt for other odd jobs in order to help you make more money and save for your next trip. These odd jobs shouldn’t be the type that will disturb your normal job or stop you from going to the office.

These types of odd jobs are what you can do on weekends or after working hours. I categorized these odd jobs into two namely and explained below:

a. Offline Jobs: You can swallow your pride and start doing odd jobs offline such as lawn-mowing, posting flyers, or banners for your neighbor who needed the service. Some youths in Nigeria do wash cars for their owners and they will be paid in return and so on. With these petty offline jobs, you can earn more than $250 per month.

b. Online Jobs: This is what you can easily do anytime, anywhere you may be. There are a lot of jobs on the internet which you can do to start making money online without any limitation. You can start working as a freelancer on freelancing websites like Fiverr.

Different Ways to Make Money Online

3. Book for Flight Wisely:

Another great way of saving money for your next trip is to carefully look for a trusted and affordable traveling agency in your country. I’m advising you to book for a cheap (or affordable) flight which will help you save money for other things needed for your trip.

Let say ‘Agent A’ charges $500 per flight to the United States while ‘Agent B’ charges $720 per flight to the Same United States, which one will you go for? I believe you will choose ‘Agent A’ right? But some people will choose ‘Agent B’ because of the services the travel agency offers such as VIP treatment and a lot of things they may be offering which honestly is better than ‘Agent A’.

READ: Top Business Ideas in Nigeria

But, with or without VIP treatment, they will both get to the United States. This is what I’m trying to say: ‘Avoid classy or fancy air flight’ but travel based on the budget’.

These tips may help you to book your next flight wisely:
a. Ask for recommendations from friends or family members
b. Investigate all the recommended traveling agencies yourself using the internet
c. Ask your lawyer for help
d. Visit each agencies’ offices to learn more about them.
e. Compare them all in terms of pricing, successful trips, passengers’ reviews about them
f. Choose the most convincing out of them

If you are in Nigeria or neighboring countries but will like to travel to foreign countries like in Europe, you can book your next flight with Travelstart Nigeria. This traveling agency offers good and affordable traveling services.

CONCLUSION – How to Save Money for Travel

In this article aligned above, I have revealed three but detailed tips on how you can easily save money for travel or vacation.

Don’t forget that ‘Budgeting’ is the first most important tip you should be friendly with. After that, I talked about going or seeking odd jobs either Online or Offline, and lastly booking flights wisely.

As said in #3, TravelStart is one of the most recommendable traveling agencies you can book flights with. Visit their official website today →→ www.travelstart.com.ng ←← to learn more about how they operate.

Do you have any comments or suggestions? Kindly share feedback in the comment box below and don’t forget to share this article with your friends if you love what you read.

7 Free Digital Marketing Tools for Track Customers’ Behaviours

Stephen Olgade
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5
7 Free Digital Marketing Tools for Track Customers’ Behaviours

You guys might have been asking questions such as the one in the heading of this post or simple questions like: “How can I learn about my customers and what they need?” If these are the type of questions you have been asking yourself or something related, then, I’m very happy to have you reading this blog post.

But before going further, have you ever heard about ‘free digital marketing tools for entrepreneurs’ to track your customers’ behaviours on either internet or social media pages? This is the best way to learn more about your customers and what they really want to buy.

If you are an entrepreneur in this modern world, you will agree with me that ‘digital marketing’ is one among the best ways to boost your sales by creating more awareness about your business or brand (including what you sells) to the targeted or prospective customers through ‘Social Media Marketing’.

But, there is a need for you to track your customers’ behaviours on those social media pages. Without you, knowing what your customers really want or what they interact with, then all your marketing strategies is nought!

I believed that I don’t have to talk too much about what social media marketing (SMM) is because you are already familiar with using of social media sites to share your opinion and most times, what you do either with your friends, family or business partner and I’m sure you will agree with me that it’s the best marketing tools so far (provided you know how to use it).

You can’t just rely on ‘social media’ sites to learn about your customers, some reviews left on your Facebook pages, Instagram comments’ area etc., are motivating but most of them are not really true. And to make use that those reviews are crystal true or not, you can’t be asking your fans or customers personally about how they feel when they use your product or service.

A well-known digital marketing agency once said that your customers or clients always leave ‘trails’ about what they want to buy or what they want on social media sites, search engines, and the internet at large. You, as a Smart Entrepreneur either in Nigeria or where you are, will need these ‘trails’ to increase your productivity, consumers’ satisfaction and marketing strategies.

But, you can’t get these ‘trails’ without the use of technology-driven digital marketing tools for entrepreneurs and digital marketers which you can start using today in order to learn more and understand your customers including what they want to buy.

What are these free digital marketing tools you can use to learn more about your customers? Here in this article, I will tell you the top 5 most used tools you can use to understand your customers and learn more about what they want to buy:

Free Digital Marketing Tools for Entrepreneurs in 2018

1. Google Analytics

Google analytics has been my best digital marketing tools which I use to learn more about my blog readers. I use this tools on all my blogs to understand how much they are really interested in what I write, how many time they spend reading each content, the countries they came from, what refer them to my blog, their age, gender and what they are interested in etc.

This tool is so professional especially for bloggers, eCommerce website owners, webmasters, social media marketers and other digital nomads to track their customers (also known as ‘Traffic’) and their behaviours.

The best thing about Google analytics as a digital marketing tool for entrepreneurs is that it’s FREE to use. There’s no limitation to any of its features. All you just need is to add your website to it and verify that you are the real owner of the website and that’s all.

If you’ve not been using Google analytics as one of your digital marketing tools, I will advise you to sign up for it today with your Google mail account (Gmail).

2. Hootsuite

While Google analytics is very advisable if you have a website or blog, Hootsuite is another digital marketing tool for entrepreneurs which you should also be used if you are the type that goes cr*zy on ‘social media’ while promoting your brand.

With Hootsuite, you can track all your social media pages at once! If it’s connected with your website and social media pages, you can set to automatically share your website or blog content to all your social media pages at once.

You can also use this tool to know when and where your brand (or your competitors’ brand) is mentioned when you set up feeds for it. With this, you can track what people are saying about you on any social media pages and how you can improve or rectify faulty area in your business.

Pertaining to your competitors, you can set up feeds for them as I said earlier. This will let you know how they interact with their customers and how their customers retaliate.

Hootsuite is a sure digital marketing tools for social media marketers and you. I will advise you to start using these tools today if you want to learn more about your customers.

Remember that more than 2 billions of people are using just Facebook every day not to add up how many people are using other social media sites. So, tap some people from social media pages to become your customers by learning more about them.

 3. SurveyMonkey

Remember I once said you can’t start asking your customers individually about how they feel about your brand though, an oral discussion would have been better to understand them more but you know it’s going to be time-consuming and financial draining.

But, do you know that with technological advancement, you can ask your customers different questions about your brand without leaving the comfort of your office or home and you will surely get honest replies from them? Yes, you can achieve this even in a better and professional way..

SurveyMonkey will help you make a professional and honest survey about your brand, your customers’ opinion pertaining to your brand and how you can improve your brand ways of production, marketing and support.

SurveyMonkey won’t act like a not but a more professional digital marketing tool to get honest reviews from your customers but, make sure you ask good and reasonable questions with the aim of helping your brand to grow sales.

 4. Buzzsumo

Let quickly get back to social media when combined with the website again. Remember I said Google analytics is good to have full insight about visitors’ behaviour on your website or blog while Hootsuite will help you get all your social media pages together.

But I really love Buzzsumo for my contents and competitors’ contents’ research.

You don’t understand what Buzzsumo does?

Okay, Buzzsumo helps entrepreneurs especially bloggers and social media marketers to trending website contents on social media (or high social media signals).

This includes detection of trending ‘Keywords or Search terms’ people are reading on the internet and how much such contents is trending on social media.

Most of your customers are using social media every day, they interact with whatever they like to interact with, on social media while leaving ‘trails or clues’ of what they need. You can get this ‘trails’ using Buzzsumo.

Make sure you use this tool whenever you want to write a new sales copy or blog posts because it will help you determines how your contents will trend on social media and the internet at large.

5. Google Trends

They said ‘Google knows everything’, did you ever believe that? If you believe, then you agreed with the fact that Google is the most used search engines in the world, right?

You know, a lot of people including you and I search for some terms on google every day. Google makes use of these data (search terms) to help digital marketers and bloggers about what is trending on the internet through a special digital marketing tool known as ‘Google Trends’.

Just like the name implies, Google Trends will show you all trending search terms, the location where they are searched and this will, in turn, help you to know topic and keywords you can use to understand your existing customers through what they search for and woo new customers by pitching your business or brand’s services or products to them according to what they’ve searched for.

If you know about search engines’ optimization or keyword research, then this will be no storage to you.

Also, Google Trends is free to use and helpful.

6. Chatfuel

Facebook is the largest social media network in the world with average users of two billion per day. Most of your customers are using Facebook each and every day to do one thing or another.

But as a smart entrepreneur, you can use Facebook to learn about your customers, what that need and what they don’t by using a digital tool known as ‘FB messenger chatbot’ which you can build using chatfuel.

If you are using chatfuel or any other bots’ builder to your Facebook chatbot, you just need to set up some AI rules pertaining to your business inform of questions and answers.

This is very different from conducting a survey. With a Facebook chatbot, you can learn more about what your customers need through the phrases they input or asks your bot.

You can also use it to get your customers details including email addresses, countries and so on. These details which were automatically collected by your not can be used for marketing purpose.

In fact, Facebook Messenger chatbot is one of the most trending marketing strategies used to reach a wide audience. And I strongly recommend chatfuel for you because it’s very easier to build messenger chatbot without ‘coding’.

7. Ahref

Ahref is a beautiful and professional tool for digital marketers, bloggers or content marketers. Ahref is purely for SEO. To learn more about how your contents are trending on search engines.

You can use this tool as well to spy on your competitors’ website ranking including keywords, backlinks, domain & page authorities, backlink disavowing etc.

You can use this tool for content marketing, keyword research and full website SEO analysis. This tool will really help you in ranking your brand high on search engines.

Ahref is free also but has a premium plan which you can opt for, in order to enjoy advanced services.

Conclusion
If you are reading this conclusion part, that means you have read about all the seven digital marketing tools for entrepreneurs which they can use to learn more about their customers.

I will advise you to start using these free digital marketing tools today and start seeing a better version of your brand.

Do you have any question or you will like to add more to this article? Please kindly contact me immediately or signify using the comment box below. I love hearing your feedback about my blog posts. Kindly let share those feedbacks and reviews using the comment box below.

How to Start a Profitable Egg Supply or Delivery Business in Nigeria

Stephen Olgade
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2
How to Start a Profitable Egg Supply or Delivery Business in Nigeria

7 Practical Ways to Start Egg Supply or Delivery Business in Nigeria

According to Google Trending searches (in Nigeria) about how to make money or start a profitable business, a lot of Nigerians like you are asking questions like ‘How can I start a business with 1000 Naira in Nigeria?’, ‘What can I do to Make Money in Nigeria?’, ‘How do I start egg supply or delivery business in Nigeria?’ and sort of questions like that.

I will show you the researched and working guide on how you can start a profitable egg business supply or distribution business in Nigeria even if you are on a very low budget.

Egg supply or delivery business has been hidden to millions of millions of people in this country and that’s the reason most stranded graduates ventures into illegal businesses. Of course, what do you expect them to do? They went to primary school, secondary, wrote JAMB for years, got into the university (suffered big times), and managed to serve at NYSC but after all these years, time and money spent, no JOB!

Why is there no job for our graduates in Nigeria?

It’s simply because, the rate at which millions of students got admitted into the universities and millions of graduates are also leaving out of universities (simultaneously) is stunning, crazily, and overwhelming! Even if they luckily get a white-collar job to do, they will still remain the same or moving randomly in life but the good news is that entrepreneurship can help you get heard, seen, and paid like it has helped a lot of entrepreneurs in Nigeria.

Start this egg delivery business in Nigeria (if you really want to) because of its health benefits which is the greatest reason and because it’s highly consumable.

In summary, below are the reason why egg supply or delivery business in Nigeria is advisable and lucrative:

Benefits of Egg Delivery Business in Nigeria

1. The egg is very rich in nutrients such as protein, vitamins, and minerals with yolk which contains cholesterol, etc. (it contains all nine essential amino acids)

2. It’s highly recommended for pregnant mothers and especially during breastfeeding because it contains a substance known as ‘Choline’ which is essential for brain development.

3. It reduces the risk of stroke or heart disease.

4. It is generally eaten at home as food

5. It’s used in restaurants, canteens, hotels and other places

6. Confectioneries make use of eggs to make biscuits, bread, cookies, buns, and other snacks, etc.

Having those 6 facts about Eggs in your mind, the next thing is ‘how can I really start this business?’ let ride on!

How to Start Egg Supply or Delivery Business in Nigeria

1. MAKE A GOAL:

The first thing you need to have before getting into any business is your ‘Goal’ and passion to pursue that goal. Egg supply business is a delicate and lucrative business, it’s also likely that a lot of people will try to discourage you because they are afraid that you might go bankrupt if you do the business.

You can also the person who is discouraging yourself because of the unforeseen risks you might have to face in this business but, you need to define your ‘Goal’ and ‘Determination’. Nothing in life comes easily especially a successful entrepreneurship journey.

So, have a stubborn goal that you must do this egg supply business and you must make it in Nigeria!

2. GET YOUR CAPITAL:

A goal without any action is a ‘goalless’ goal! I believe you would have gotten some funds to finance your business. But if you have nothing with you but you really have the righteous goal to start this business, you can ask your family members, friends, or go to your bank to obtain some loan to kick-start this business.

If none of them is responding to your request, then you can work it out yourself by doing some menial jobs in order to raise some funds or read this guide on how you can make legit money online.

How much do you need for this business? According to those who are already doing this egg supply or delivery business, they suggested that you can start with the sum of N80,000 – N100,000.

3. GET A FARM:

You have gotten your starting bucks with you, right? Good! The next step is to go in search of poultry farms where they sell out eggs is cheap and large quantities.

This is the most important part of your business. Even if you have a lot of money to invest but you got a bad and unreliable farmer or farm, you can lose a lot of customers and even go bankrupt! I’m not scaring you, I’m just telling you that you need to be very careful in selecting the ‘source’ of what you want to invest in.

Ask your friends, search on google, and keep asking a lot of people where you can get a very reliable poultry farm. The more you search, the more you discover many farms.

Try to shortlisted those ‘many farms’ to few (like 5 or less). The best way you can do this is to carefully study how they operate, interact with customers, and their level of loyalty. After shortlisting them, make sure you build a close business relationship with them all, be honest with them (in case you need Eggs on credit, and so on).

4. GET YOUR APPARATUS:

You need to set up your equipment and your shop to host customers for your business. The following are some of my suggestion about the materials and assets you need for this egg supply business in Nigeria:
• A spacious shop that is free from flooding or shiny sun. Make sure it’s well roofed, free from rodents and should be attractive enough.
• Some crates and boxes to hold the eggs
• A Van to transport the eggs from your shop to customers’ places. This is not really compulsory but it will be very helpful to gain more customers and earn you more income. You can also plan with a cab driver to be helping you out.
• Get a business card and invoice book.

5. BUY SOME EGGS:

Do you remember that I suggested you start this business with at least N80K – N100K? Don’t use all the 80k to buy Eggs at once. Remember you don’t have customers yet and eggs can spoil easily when it’s mishandled or kept carelessly.

Make sure you did enough research about different prices of eggs from farms, from wholesalers like you, and how much the general consumers are buying a piece and crate of eggs.

When buying your eggs, don’t just buy from a farm but from at least 3-5 farms to know which one is cheaper, good and mostly bought by customers. After buying, keep your shop well ventilated, free from cataracts, sun, and make sure you wisely arrange them into crates.

Some people arrange their eggs in a bowl or box instead of a crate. If you feel like doing the same thing, make sure you put enough clothes inside the box or bowl before arranging your eggs in it.

6. START MARKETING & PROSPECTING:

Your egg supply or delivery business is gradually getting together, right? But, here is one of the biggest factor you must consider before you can make more sales.

How can you market your egg business in Nigeria like a pro? The following are a few tips I can give you:
• Make and distribute business cards to friends, family members and anybody you see
• Make a banner to advertise your business in your street, crowded areas, etc.
• Approach and make friends with chefs, market women who make sure of eggs, canteens, restaurants, or hotel manager owners.
• If you have enough money, you can do jingles on Radio stations.
• Advertise on related blogs or websites that can get you heard, seen, and patronized.
• Social media marketing is very important and you should embrace it.

Some people also offer cheap price as one of their marketing strategies, you can try it or consider doing promo or bonanza.

7. REGISTER YOUR BUSINESS:

This is very important if you don’t want to get yourself into trouble from some trade associations or some government officials. Registering your business is very good and advisable in such a way that it will make your business look more professional and trusted.

The only legit place to register your business in Nigeria is through the Corporate Affairs Commission (C.A.C). You can register it yourself or hire someone (especially a trusted lawyer) to do it for you.

I have a well-written article here on how you can successfully register your business in Nigeria without facing any issue or falling into scammers’ trap. Read from the hyperlinked quote below:

READ: How to Register Your Business in Nigeria with CAC

CONCLUSION:

That’s all about how you can start egg supply or delivery business in Nigeria. If you are reading this, it means you have read more than 1500 words on this topic which some people find tedious.

My advice to you is that, if you are really determined to engage yourself in this business, wait no more! Just get yourself working on it and remember that thousands of people like you are venturing into a business to do. Here is your chance to get yourself doing something.

Do you have any question or any addition you will like to make? Kindly help me use the comment box below and don’t forget to share this with your friends also. Thanks and visit again.

 

How Multilevel Marketing (MLM) Business Work (and Benefits)

Stephen Olgade
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0
How Multilevel Marketing (MLM) Business Work (and Benefits)

Are you thinking of joining a network marketing business and you are confused about the difference between multilevel marketing and pyramid scheme? No qualms, I will tell you both the meaning of Multilevel Marketing, Criticism and benefits, and its contrast to Pyramid Scheme.

So in more meaning way, let me say am going to review the marketing business as a whole. But, I will advise you to gently read each and every word here in this article so that I have the full insight into what I am trying to tell you.

So, let start!

What is a Multilevel Marketing Business?

Multilevel Marketing (MLM) is a type of business everybody outside there can do that can earn living. It’s a type of business where different people are wooed to become sales representatives for a particular company.

The main objective of these sales Representatives is not just to sell products of that company only but also, to call in more people to join the business also as sales representatives. These sales representatives are often called distributors. These distributors work together to build a large network of sales reps.

So, the existing Distributors aren’t just selling products or requiting more people to become distributors like them or to sell products only but, there are bonuses for every impressive point made by distributors. For a clear understanding, they enjoy both Financial and Travel Incentives. This is made possible by the company in order to build and increase a large sales force.

The simple formulae to be successful in this business is to know how to build Networks of people who are ready to work for themselves but not by themselves; they partner with a multilevel marketing company not employed by the company.

The company is not paying out salaries just as I have said above, they give out Bonuses inform of Cash bonuses and Lifestyles enjoyment. The simple logic you must know before joining any of this business is to take it as your own personal business and work hard and build a network.

In the multilevel marketing business, your Network is your Net worth. That is why it’s also referred to as Network marketing, Person-to-person marketing, direct selling, etc.

Multilevel or Network marketing business is one of the most patronized industries in the world!
Regarding a report made by Direct Selling Association (DSA), multilevel Marketing businesses across the world employed about 5 million people in 1991 and 10-12 million people in 1999.

How Multilevel Marketing Business Works

Multi-level Marketing business usually works by prospecting people to work as a part-time or full-time worker depending on the current status or determination of the person being prospected. Most people who join MLM business are students, employed people, apprentice students, frustrated graduates, women, etc…

In recent times, we have seen a lot of people who have left their “half-lucrative” job for MLM became of the future advantages attached to it.

An American entrepreneur who is also a wealthy networker, Gitomer said MLM is the affordable and easiest path to achieving your DREAM. He added that it’s the best business that you can operate from your house without anybody bossing you.

Although MLM is a legal and lucrative business, it also has Criticisms which may likely discourage you from investing in it but, it’s not all true and most of these criticisms are a result of ignorance and defamation. What are the MLM criticisms?

How MLM Business is Criticized

MLM is criticized negatively due to arrant reports of different business scams such as “Ponzi Schemes” but, MLM is far different, legit, and better than any of the Ponzi schemes outside there.

The greatest criticism of MLM results from the methods used by the most business which use MLM’s network marketing strategies. These illegal business ventures who imitate MLM strategies are no way related to MLM. They are called Pyramid Schemes.

Apart from defamation brought on MLM by these Ponzi schemes, most people think that those who participate in the Multilevel Marketing business are poor and suffer more than enough at the inception of their business.

According to a report made by Direct Selling Association in 1991 stated that ninety percent of MLM distributors earn less than $5000 a year but, is this still true about today’s MLM industry? No! A lot of representatives have and they are currently making something big and achievable. Let check some benefits of this business.

Benefits of Multilevel Marketing Business (MLM)

Regardless of the false accusations made on MLM, we still have some benefits to look up to. The core benefits of MLM can be summarized in the following:-

1. Low Capital

Unlike other businesses outside there where they invest their fortune and whole lifetime and at the end of the day, they earn something meager and fixed. I know of a man who invested about $800 on business but earn nothing as profit and couldn’t recover his capital (went bankrupt).

But in MLM business, you start with few capitals (about $50) and you may likely earn $500 within 3 months.  This is not a quick way to make money, you earn money with respect to how much more you work (In MLM, You earn directly in proportion to your efforts, sales, and network you build).

So by far, MLM is very easy to start and lucrative!

2. WealthMLM business guarantees wealth as long as the sales representatives work towards the plan or marketing strategies of the business. Bonuses, commissions, and incentives are giving to these sales representatives whenever they make a sale, call in new sales representatives, stepping up to another status, etc…

When these are accumulated together, the money earned by an earnest network marketer will be higher than those who work alone, employed, etc..

Because of this reason, most have left their job for MLM and, they are sharing impressive and motivational testimonies now.

3. FreedomOne thing you lose when you work for other people is “Freedom”. When I mean freedom, I am talking about your whole lifestyle in regard to social and financial life. No matter how big your dream is, if you are working for someone else in order to collect SALARY, you are not going to make it as fast as you have ever thought because, you are collecting something “fixed” as salary and your “responsibilities” to take care of, increases every day.

You are never entitled to “financial freedom” even if you are operating poverty in a shop!

Also, people who either work alone or under someone else don’t have what we called “social freedom or lifestyle”. This is what I mean; you wake up very early to work and close very late from the work. So, the time you are to use to catch fun with your family and friends has already been snatched away from you.

But in MLM business, you work when it’s convenient for you. The normal hours of the day to work is 8, meaning that a normal worker will work for 40 hours ( added with the time for transport, break, etc… It will be 60 hours per week) but in Multilevel Marketing business, 60 percent of their sales representatives work less than 30 hours per week will 40% work less than 10 hours per week.

Apart from social and financial freedom, MLM business open wide opportunity for their distributors to enjoy traveling incentives to foreign countries and have fun and they don’t require very long term commitment from them.

Multilevel Marketing business also allows its sales representatives to established their own business. You don’t work for any “Boss” or “employer” in MLM, you work for yourself alongside with your team of distributors or “downlines”.

4. Lifetime Benefits: The most interesting part of MLM business marketing strategies is that it assures you of achieving whatever you want to achieve in life.

You can clear the poverty in your generation through this business opportunity even if you “die”, your family members will still be benefiting from what you have done in the marketing industry.

The main focus of MLM is to help you bring your DREAM into fulfillment. The future of the business is very bright and we have seen a lot of people who are illiterate in terms of schooling but literate in earning.

I am not writing on behalf of any network marketing business but, just to write and convince most people outside there who confused MLM to a pyramid scheme.

Do you have any additional or questions about this article? Kindly use the comment box below or contact me for personal or private inquiries.

Konga and Yudula Merged to Become the Biggest eCommerce/Marketplace in Africa

Stephen Olgade
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0
Konga and Yudula Merged to Become the Biggest eCommerce/Marketplace in Africa

Africa is about to see a great change in eCommerce business as two of the giants’ eCommerce companies, Yudula and Konga have merged together to form the biggest Marketplace company in the continent.

At the inception of the year 2018, Konga was acquired by a business group which is known as ‘Zinox Group’ and since then, gradual efforts have been into action behind the screen to roll out something big in the African online market.

The two merged online malls, Konga and Yudula has officially made this known to the world and announced the 1st of May, 2018 as the new merged company’s effective operations.

There is no confusion about the merging when it comes to Branding as the two companies have agreed to operate under a brand name which is the Almighty “Konga”.

According to one of the statements made by the management of the two companies, they said with assurance that “Konga” will be the biggest and most patronized eCommerce company in Africa (to becomes undefeatable) and, that is their main focus for merging together.

The new “Konga” will have a little change but almost the same mode of business operation. They will integrate the following features of:

  • – Konga Online
    – Konga retail and
    – Offline service.

He also added that Konga with now is operated under two Chief Executive Officers (CEOs) which are Nick Imudia who is appointed to control all the company’s online business affairs and Nnamdi Ekeh who is to control all offline affairs of the company.

The chairman boasted that no other eCommerce company in Nigeria and Africa as a whole will be above them in any area of eCommerce business.

As we know that Konga is one of the best online marketplaces in Africa and Yudula is a great offline store for thousands of customers, the new merged Konga will now combine both their online and offline customers, workers, resources, partners, etc together with their different business strategies to defeat any other marketplace in Africa.

One of the biggest ambition of new Konga eCommerce company that really wowed me personally is that they will be in all the seven hundred and seventy-four (774) local government areas in Nigeria which will make it possible for all nooks and crannies of Nigerians to have access to the company’s goods “at their fingertips”.

Nick Imudia is the CEO of new Konga Online business affairs added to what her composite CEO said concerning this operational merger between Konga and Yudula.
She teased all their merchants, clients, consumers and shoppers that, the best about the company is on its way!

What do you think about this merging? Do you think Konga/Yudula will defeat our Jumia Marketplace in Nigeria? Well, your views, comment, and sharing is accepted by me. Kindly click on the share buttons at the left-hand side of your computer’s screen or the floating share buttons on your phone to help create awareness with your friends.

Top 8 Qualities of Every Successful Team

Stephen Olgade
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0
Top 8 Qualities of Every Successful Team

Are you just setting up a new business and you want to build a strong team to help you achieve your business goal? If that’s what you are thinking right now,  you will be exposed to some features you should look out for when building your gathering your team members.

A wise clarification about a successful and strong team will make you establish a strong business because you have a team of workers who as working collectively on the same goal.

In order hands,  the failure and success of your business lie on your team members. I mean,  if they are not proactive, lack of mutual understanding, misses deadlines, etc… Your business won’t move an inch!

Let agree that you are just starting to build a successful team for your business but what should they have as qualities in order to work together towards achieving your business goals? Right here in this article,  I got some qualities of a good and successful team. Read below:

• Mutual Communication

Your team members must be able to communicate well and often with themselves. Thoughts,  ideas,  suggestions,  criticisms, and any opinion shouldn’t be kept mute directly or indirectly by any member of the team.
For any successful business outside there,  communication is one of the pillars that hold such a company.

Before you can keep track of what you have achieved and what you will still achieve,  team members should be able to avoid anything that may hinder the free flow of communication in the company. Poor or lack of communication often leads to hypocrisy,  backbiting,  conflict, and lack of progress.
Why do I say communication is very important for a successful team?

• Mutual Agreement

The main objective behind any team is to collectively work together right? Yes,  that’s what a successful team must also focus on. After different suggestions,  ideas or thought each member has made,  they should be able to settle down and go for one rather than just getting annoyed or disappointed whenever their opinion is not to accept by the rest of the team members.

After agreeing to go for a particular suggestion,  they should again work together to plan on how they will achieve it. Raising of suggestions, and working collectively on just one of the suggestions or ideas raised by one of the team members has clearly predicted that such a company is going to be successful.

• Commitment

Each member of the team must be committed to their work and their main focus should be for the success of the company they are working for. Another way they can show their commitment is to always contribute to any raised ideas, business plan, and strategies.

• Supportive

Apart from communication,  commitment, and mutual agreement,  all team members must be able to help or support each other without expecting anything in return. Before they can do this,  they must have a ‘sense of giving out cheerfully’.

Giving out money is not the only way you can support your team members but,  you can support them by giving them advice or tips on how to handle a particular task,  you can support them with a lot of things depending on their state or condition. If members of a team can be supportive of each other,  the bonds between them will be stronger than what they expect.

• Creativity:

Each member of a successful must have at least an area of specialization which he/she can use to help the company. That is,  they shouldn’t be good at the same skill; they must be diverse (have different roles).

For instance, if team members ‘A’ know how to plant a tree,  team members ‘B’ should know how to water it while team members ‘C’ should know how to munch the grasses around the tree….. till the tree planted mature and sold for money.

• Must Be Well Organized

Although,  each member of a team are from different background, with different skills,  ideas or opinions and the way they handle things may be different but on no account should this create any chaotic or arrant argument between them.

They should be able to settle for maturity and make sure that any suggestions or idea made is managed with patience.

To achieve successful teamwork, the organization is very important. As a team leader,  you must make sure that each team member has a clear understanding of your next business plan and you should assign each member a particular mission to carry out in the business plan and make sure that all team members are working diversely for the same goal.

• Merry Together

They said all work with no play makes Jack a dull boy right? It’s true. This also happens in business; if you work for months without giving your team members a chance to go out for a picnic or catch fun together,  there won’t be a mutual and supportive relationship between them.

The relationship between them will just rest on work and no other thing again.

It’s very important to enjoy a good social life together with our coworkers. This will make each member make friends with each other and they will easily be able to settle any misunderstanding that arises.

Rounding Up

I hope you have got one or two points from the eight top qualities of a successful team in business management? This is not just a tips but something that will move your business forward if you work on each point earnestly.
Do you have any other suggestion or something to ask? Please let me hear your view through the comment box below…

10 Most Effective Negotiations Strategies & Tactics For Entrepreneurs

Stephen Olgade
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0
10 Most Effective Negotiations Strategies & Tactics For Entrepreneurs

How are you dealing with negotiations in your business, are your negotiation strategies or tactics working well for you? Either you are a startup entrepreneur or you have been doing your business for a while but your main priority to succeed is to learn how you can keep your existing customers to you and how you will attract new ones.

But unfortunately, a lot of self-acclaimed entrepreneurs outside there have to chase their customers (Both present and future) away due to bad negotiations skill.

Top 10 Effective Negotiations Strategies or Tactics for Business Owners

Be Patient and Listen:

As an entrepreneur, one of the best skills you must have is how to avoid “Impatience”. Before a successful business negotiation, you as either buyer or seller must have the ability to exercise patience and understand the views of the other party about what you are bargaining on.

You don’t need to speak everything in your mind out or think that you want to take over the dialogue between you guys. To be a smart entrepreneur and of course, the best negotiator, you should at first understand your clients’ main and most genuine ideas and issues. After that, think well and more than twice before you reply to him/her.

One of the best keys to a successful business is the ability to understand what will impress your customers and what may also depress them and abstain from being talkative.

Have Full Preparation:

Before you fix a day for negotiation with a client, you must have done a lot of research about such a client, and know about the genesis and policy of his/her business, products, or services.

Check articles on their website, do Google searches and also explore more about the business on LinkedIn. Also, make sure you know the negotiation strategies including pricing from the client you want to negotiate with.

Be Professional:

When you are negotiating with a client, you need to use your brain! Even if you don’t know much about the business you are negotiating on, you should think “head”, not stomach.

This is what I mean, don’t think of the money you needed quickly, don’t think that because you own someone a debt and because of these, you exchanged your right to be wrong and vice versa.

Just like the short story of a man I gave above, you need to always act like a professional and negotiate like a professional. Don’t insult or snub your client if the price or budget he gave to you is far below how much you are offering your services or selling your products.

Document:

To back your professionalism as a good negotiator, you or your lawyer should have first prepared the agreement paper or draft of the contract you guys want to negotiate on.

The reason for this is that in the agreement paper you prepared, you would have stated the policies and terms you want in the business, draft out how the deal should be implemented, etc. By doing this, you have strengthened yourself because most clients will feel reluctant to change all that you have prepared in the agreement paper or draft.

But, you must be careful and don’t think of only what will benefit you; think of the other party and how you can both gain in the transaction.

Don’t Force Your “NO” to be “YES”:

It does happen most time that prospective clients who we called or approached for a deal often bring up a very low budget for the product or project they needed. If this happens to you, think ahead and don’t pay attention to what your stomach is saying.

I mean, you should just say NO to what you can’t handle or can’t accept. Be prepared to walk away and end the game when the client insisted on paying a walk-away price.

Don’t do your business like a beggar or cheap one, a business website advised that you should be ready with market data to back up why your price is reasonable as this will even increase your ego as a smart entrepreneur.

Remember That Time Flies Quickly:

In any negotiation, time management is very essential because the more you delay the deal to be completed, the more your chances of losing. Always stay focused on the clients you are negotiating with and do give quick responses.

Managing your time is different from keeping the negotiation in haste or trying to rush because you have other clients to attend to. But nevertheless, you must understand why time is precious and at the same time, how to manage your time wisely because time is the enemy of many deals.

Don’t Make The First offer An Opportunity:

Added to the fact that you should be professional and act like a professional when you are negotiating with a client, don’t think or feel happy whenever the customer brings up a certain amount of money or budget in exchange for your service or product.

Even if the first offer is okay, don’t accept it. Negotiate more and try to convince the client to pay more (or give you a discount if you are the buyer).

If you accept the first offer, the other party will think they have offered you more than enough and, they may stop the negotiation with you and try another client whose they think that price will be cheaper than yours.

If you bargain more on the price and you agreed on a balanced price, the transaction will be done smoothly without any side inconvenience.

Be Inquisitive:

Have you ever heard of an adage that says, ”the child that inquires for the way will never get lost”? This adage also works well when you are negotiating with a client. If you are the type who believed that you know and understand it all, you will finally end up with a deal that will or may affect you financially or professionally.

Always ask what you don’t understand and the answers may be your pathfinder to this zenith of your negotiation.

Other Points Are:
 (9) Be friendly and don’t be harsh
 (10) Seek help when you need it either from a friend who understands your business or a corporate lawyer.

10 Best Habits of Successful Entrepreneurs You Should Learn

Stephen Olgade
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0
10 Best Habits of Successful Entrepreneurs You Should Learn

Smart and successful entrepreneurs like Bill Gates have habits they follow. These habits contribute to their success in one way or another.

If you have been running a business for a while or you are just starting or implementing a new business idea and you are thinking of becoming a great and world-class entrepreneur, you should also learn about these 10 habits of successful entrepreneurs in your daily life.

These success habits are accumulated together after noticing and interviewing most of these smart and successful entrepreneurs about their businesses and social lifestyles. They do these habits on regular basis in order to drive their company to success and achieve more than their competitors.

As a smart entrepreneur, i know this is what you will be aiming for – to be the best among your competitors and as well maintain healthy and social lifestyle. Most entrepreneurs believe only in buying and selling forgetting that without these successful habits, there won’t be a reception.

What are these success habits that you must always inculcate?

10 Best Habits of Successful Entrepreneurs You Should Learn

1. Failure is part of the process

No successful entrepreneur will finish his/her life story without making mention of the times he/she had failed numerous times. FAILURE and SUCCESS moves together; if you can’t accept failure then forget about success – You either accept it or quit because of it.

As a smart entrepreneur, you must be able to accept any failure that might come your way and use the chance to rethink and re-structure your business strategies through these tips.

No matter how versatile you are in your chosen business field and you are AFRAID of FAILURE, opportunity and success will run away from you.

One of the the world-class entrepreneurs named Sophia Amoruso, advised that YOU – Entrepreneur should never take anything PERSONALLY, don’t say NO for an answer you never know what you’re going to learn along the way.”

This woman has met a lot of circumstances that should have trigger her to quit but, she PUSH on till present. Her clothing brand which he stated as a “Mini Store” on eBay moved on to become the fastest retailer store in the world in 2012.

To become a successful entrepreneur, always be ready to accept FAILURE and learn how to keep moving even if you are knocked down.

2. Provides Genuine Value

If success is your dream as an entrepreneur, then you must always be ready to accept and understand people’s opinions and how you can satisfy and solve their problems. If you solve people’s problem or provides to them what they really need, it won’t be tedious to make profits.

One of the smart and world-class entrepreneurs said: ”If you can provide value or solve people’s problems, then you have a business.”

These successful entrepreneurs have the habit of making mutual connections with their customers in order to be certain that they are truly solving people’s problems.

For YOU – As a smart entrepreneur, you should always focus on your customers and what they really need. If you have not been doing that, you should start DOING it now or forget about success.

3. Networking:

Chris Winfield who made his fortune from Writing and coaching other successful and newbie entrepreneurs said that” Not asking the right people in his business niche to help him was his greatest Startup Mistake

starting a new business, you must be able to follow your own interest which is very important because of your business’ future. I mean, you will be able to take full responsibility for whatever happens to your business in the future.

A great and smart entrepreneur, Mark Cuban said ”All Would-to-be Entrepreneurs should always do what do really love to do and what they are good at.” If you are following your interest, long-term success is guaranteed for you.

4. Start Simple:

Have you ever wondered why many entrepreneurs fail? I can’t say as well but most of them fail because they always try to do many things in a click!

This often happen to new or upcoming business owners who haven’t build their business solidly. If you are just starting a new business or you have a single unit of team working for you on a single niche or field, don’t think of “Multi-tasking” or else you will quit your business at the end of the day.

Tony Stubblebine of Coach.me and John Acuff of New York Times said: “Focus on the next step and don’t try to make your five-year vision happen tomorrow.” and “Hustle the right way. It’s not about doing more, it’s about doing what you need to do.”.

If you want to multi-task or implement more than a business strategies at a time, you then need to build strong team of workers who will be able to bring your dream and business ideas into REALITY.

5. Again, Solve People’s problems

People – I mean Consumers nowadays won’t patronize any service or product that can’t be a SOLUTION to their problems even, If you have the best product or service. Before you can say that your business idea is great and can solve people’s problems, such an idea should be great and helpful to at least 20 people who don’t know you and also, who you don’t know.

WHENEVER you are coming up with a business idea, think about the people especially your active customers and the people as a whole.

Lauren Holliday says, “The biggest mistake new entrepreneurs make is relying on a business idea that isn’t valuable to anyone with actual, real-world problems.” If you can figure out the main point here and you add this success habit to your business and lifestyle, you will be indeed successful.

6. Build Mutual Relationship With Your Customers:

Just like I have said above, your customers should be your first priority, not your product or service because you are creating these products and services for them.

Chiara McPhee said, “I’ve found it incredibly helpful to have a framework in place to systematically collect, prioritize, and implement product features based on customer feedback and effective relationship—both from customers you have, and the customers you want!”

Another world-class entrepreneur added, “They tend to dismiss negative feedback on their products or neglect collecting some. And they end up missing product/market fit… my advice is to talk to potential customers or users from day one and for every day after that. Never stop collecting feedback.”

7. Don’t Rush

Don’t ever think that rushing to let your idea or new product be known by people will make you to be rich or successful. if your business idea is not genuine then, you are going to be such a great LOSER! Before you release a product or service, think about what you fantasize about and what has captivated you about the product.

Ask yourself: “Is the product or service I want to launch helpful to me and will be helpful to others?” If you don’t know what you are doing and you are in haste to get your business known, then your business is going to be disastrous.

A world-class entrepreneur who is also a writer said, “The most painful mistake I see entrepreneurs make is launching before learning.

For example, you may decide you want to launch a marketing consulting company, so you hastily make a website, content and reach out to people, but you haven’t yet figured out who your target clients are. What do people actually need help with or what you’re specifically good at? So no one bites.”

8. Know when to Quit

They say, “Winners Never Quit”. It’s quite correct but, world-class and smart entrepreneurs do quit what they see or notice that it won’t move them near their dream and business idea. Don’t waste your time, energy, and money on what didn’t bring you profit.

BUT HOW?

You just need to be patient and figure out the right business you should invest in. William Harris of Elumynt advised that you should “Outsource tasks that stop you from doing what only you can do in your business.” and Navid Moazzez says you should, “Only do the one thing that will move the needle for you and your business.”

 9. Don’t Lose Your Focus:

The best successful habit of these world-class entrepreneurs that I personally love about these famous entrepreneurs is that they never lose their focus and hope. If you want to be great in life, you must not let your right to wrong or your wrong be right.

You are not perfect and of course, you shouldn’t expect your business to be perfect also. It’s normal that the urge to quit believing in your dream will come into your mind or may try to trick you out of your path but Don’t loose your focus and determination.

Rhett Power advises entrepreneurs to, “Take time to think strategically about the big picture.” instead of thinking on how to quit, think on how to redeem your mistakes and failure to Success.

If you are just starting a new business, it’s part of the ‘Musts’ that you face some circumstances which may result in problems, risks, etc. But, if you know where you are going, those will never pin you down easily.

Remember that Great things in life worth sacrificing For!

Introducing LuuiHUB: An Ecosystem For Freelancing and Blockchain Technology

Stephen Olgade
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0
Introducing LuuiHUB: An Ecosystem For Freelancing and Blockchain Technology

We’re Introducing to you LuuiHUB, An Ecosystem For Freelancing and Blockchain Technology.
The blockchain technology is experiencing increased attention worldwide, more people are getting to know and use this technology, more platform, digital assets services are being developed daily for various purposes.

This leaves majority of users confused, not knowing which platform to use a particular token for purchase of goods and services beside trading it for other cryptocurrencies in an exchange to gain profit. Majority of users don’t want to hold these tokens on a long-term basis because of lack of utility. On many occasion this limits the project growth and therefore decrease its value.

LuuiHub is offering a one-stop ECOSYSTEM completely decentralized for getting anything done. You can Work, Earn, Play, Shop, Connect and do much more.

 

LuuiHub is launching with 5 platforms on its Hub, for Freelancers, Gamers, Partners, Shoppers, Traders. All you need is a luuiHub utility token to get anything done.

Buy items from the marketplace, upload, download or play games online, sell your product, trade other cryptocurrencies, hire freelancers etc.

You simply should hold some amount of LuuiHub token to operate in the ecosystem. Many other platforms can connect to the platform through the API.

Fine more info at luui.io

How to Choose a UNIQUE Business Name for Your Company

Stephen Olgade
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0
How to Choose a UNIQUE Business Name for Your Company

I know there are many reasons for you to think of, and choose a unique business name for your company especially if you’re just getting started. This will save you from name competitors, defamation and create better user experience for your customers.

Thinking of a good business name and also registering it is one of the most important part you must wisely take care of.

To some business owner, it’s quite simple for them to come up with a nice and attractive business name while other people finds it tedious because a business name will tell the audience/customers/clients about what the business really renders and what it stands for.

If you are running a computer gadgets’ business and you came up with a confusing name like G-worldwide Nigeria Limited or Omega Views Arena etc., you are not going to meet your target because, those two business names seems to target Entertainment Company and A relaxation center respectively.

But, what if you simply choose “Your-Name Computer Resources Limited” or simply a name that is not confusing and common.

I’m not telling you that that is the best way to choose a unique business name but what am trying to say in essence is that the business name you are about to choose should be unique (free from infringement of any sorts), be understandable and should say something to a new customer or client even if he/she doesn’t know anything about your business initially.

    1. • READ: Complete Guides on How To Start A Lucrative Business from Scratch

 

Here in this article, am going to tell you the easiest ways to choose and register a unique business name for your business.
Without wasting any time, let go into the business.

5 Steps to Come Up with a Unique Business Name

  1. Think About Your Initial Business Idea(s)

Do you remember that after thinking and determination about starting a business, you came up with business idea(s) right?

During the time of ideas or inspirations, I’m sure you would have gotten a solid foundation for your business thought. You might still be trying to choose between some alternative ideas but, your options are also the same.

This is what I mean, your initial business ideas may be Starting a Poultry Farming Business or running a cocoa farming business or operating on pepper, spices and recipes farming business etc. But here, your business ideas’ solid foundation is Farming Business because all those business ideas are still under farming.

So, how you choose a business name considering your business ideas or foundation?

According to The Balance, the best way to do this successfully is to answer the guidelines questions below.

But, I will answer them based on my own example. According to the illustration I gave about, I will like to start a poultry farming business. So let go;

(a) Ques: What message do you want to portray through your unique business name?
– Ans: Poultry Farming

(b) Que: What are your biggest priorities for your business name? Do you want it to be easy to pronounce, different and unique, directly related to your products and services, etc.?
– Ans: Yes

(c) Ques: What do you want people to think and feel when they see your business name?
– Ans: Understand that I deal with poultry business like rearing and selling of livestock.

(d) Ques: What is your business structure and will your business name use a related abbreviation, such as Inc. or LLC?
– Ans My business structure is farming and YES, I like to add a related abbreviations such as Nig. Ltd which stands for Nigeria Limited because I’m targeting only Nigeria Market.

NOTE:
• LLC means Limited Liability Company
• Inc. Means Incorporation – For big companies that deal with more than one product or service. For example, Microsoft Inc.

(e) Ques:: Does the length of the name matter? If so, do you want a short name or a longer name?
– Ans: Length of the name matter to me because I want a business name that people can memorise at a glance… So, I prefers short business name.

(f) Ques: Do you Want Either Your Own Name or Alias to Appear in the business name? Or do you prefer Any Other Names like name that doesn’t exit?
– Ans: I prefer to use either my name or Alias but since my names are too long for my business name likeness, I will choose to use my Alias instead.

Have you see how I got a business name for my business with ease? So finally according to the questions and my answers above, my business name is My Alias + Poultry Farms + Nig. Ltd which is basically Stephen Olgade Poultry Farms Nig. Limited or Olgade Poultry Farms Nig. ltd.

You can also do well with choosing a good business name if you following just this step but, let move on to other ways you can choose a good business name.

Register Your Unique Business Name

I got this well-detailed article for you about how to register a unique business name in Nigeria with Corporate Affairs Commission (CAC) using either offline or Online method. [click here to READ]

Wrapping Up:

A simplified adage says what is what doing, is worth doing well.
Once you have chosen a good and unique business name and have got it registered, you are now a step closer into building a successful business niche for yourself and also, you are branding your business officially.

Do you have any question?

Let me know through the comment box below and, don’t forget to share this with your friends!

 

How To Make Money Online in Nigeria Without Doing Anything

Stephen Olgade
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0

Make Money Online in Nigeria Without Doing Anything

If there was a way to make money online without doing anything at all, everyone would be doing it!
Money does not fall from the sky.

Actually, GbolaMedia does know how to make money online in Nigeria without doing anything at all, but it involves having a lot of money in the first place. Perhaps you have heard of the saying, it takes money to make money. If you already have a lot of money, you can invest it or lend it at a high interest rate, and earn money even while sleeping!

If you don’t have a lot of money in the first place, I’m afraid the only reliable way to make money is to get a job, work hard, and spend little or start working for money online.

Definitely spend less time on trying to figure out how to make quick money online.

But, on the other hand, I have heard of the story of the man who traded a paper clip with a house (a red paper clip for a pen, for a fancy doorknob, for a stove… and so and so on until eventually ended up with a house – 14 trades in total), but even this man, spent a lot of effort in finding just the right trades and traveled quite a bit to accomplish his trades. Well, you don’t get something for nothing, or so the saying goes.

But wait; I know you are here to learn how to make money online in Nigeria

It’s true as said previously that no man earn money from doing nothing. Unless, you render a service or sell a product (online or offline) or invest, you will be poor than church rats. Church rats have nothing to eat than tasteless papers while others rats are busy gather hulks of food somewhere.

 

make money online in nigeria

Now, to cut the long story short, How Can You Make Money Online in Nigeria?

There are many ways you can make money online in Nigeria but here, I will just mention few of them.

Read below:

#1 ==> Blogging.

Blogging is one of the common and interesting way to make money online in Nigeria.

It’s a way where you share information that are helpful and useful to visitors.  You can be blogging about Technology, Entertainment, Music or any other things you have passion for.You will make money online through blogging if you help people in advertising or promoting their products on the internet, using of contextual advertising networks like Google Adsense, Propeller, Chikita and many others.
Apparently, blogging is not easy but, without patient and consistent hardworking, you will make money online through blogging.

You can hire me to get you a blog.. Just send mail to “GbolaMediaBlog@Gmail.com” or add on WhatsApp / Call “” +234(0) 80 6886 6068 .

#2 ==> Affiliate Marketing

Helping Top Websites and E-Commerce sites to sell their products or services and in turns, you earn commissions.
Top affiliate companies in Nigeria are Jumia, Konga etc.

Read:

#3 ==> Selling Useful E-books

If you are a skilled writer, you can write and packaged your writing in PDF format and, sell it to those who need it. You can write eBook on Food and Recipes, Tutorials, Novels etc.

#4 ==> Freelancing

Not working under a boss. Is that not pretty cool? You can veer to be writing for blogs and in turns, make money online. You can be designing websites or just helping people to market their products or services online to earn you money.
Top freelance writers are:-
• Fiverr.com
• Upwork
• Freelancers etc.

Check here

#5 ==> Programming

This is so cool! But, you will need to learn how to code. Most influential people like Bill gates, Mark Zukerberg, Sundar Pichai and many others make their fortune from programming.
You can program a software application, game etc and sell it on the internet.

Note: You must learn how to code/program. If you are interested, you can start learning the following:-
• HTML
• PHP
• Python
• JavaScript
• CSs
• XML etc.

Go to www.w3schools.com for more details and also, learn from the website.

That’s all I can advice you about how to make money online in Nigeria without doing anything.

Pretty impressive, help me share this!

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