HOW TO HAVE A SUCCESSFUL BUSINESS VENTURE

Bukola Olayemi: 8 Sure Fire Tips For Business Survival

Most businesses never live long enough to click glasses for their fifth anniversary. Now that’s quite scary, knowing that no business owner starts up thinking the business will fail in a few years. The struggle for the life of your business is real. Don’t let your business be one of these numbers. Here are eight steps to help you swim against the tide, and keep your head above waters in all stormy weather.

Know Your Competition.
Ladies and gentlemen, you’ve got new competition. Your biggest competition is no longer who you think it is. Your biggest competition is the NOISE. Noise is everything else that is struggling for your customer’s attention- picking the kids up from school at 4:00pm, buying a new pack of diapers for Ezinne, the traffic situation in Ajah. These are all knocking at the door, fighting hard to get a place on your customers mind.
You’ve got to punch through the noise to get the customers attention. If you don’t have their attention, they don’t see you. If they don’t see you, they don’t hear you. If they don’t see or hear you, they will not give you their money. Money follows attention. Whoever gets the most attention ends up with the money.

Get Rid Of Obscurity
You need to conquer obscurity. Get in their faces and position yourself as an expert in your field. Obscurity is the state of being unknown, inconspicuous, or unimportant. Your business must not be obscure. Your market will not buy from you if they do not know you or perceive your brand as important. You have to make use of every avenue available and relevant to your brand, to position yourself in the mind of the market. Think of social media as an opportunity to get in front of people, to raise awareness for your business and establish yourself as an expert in what you do.

Activate Action Mode
You don’t have the money, the money is in the marketplace and you need to go get it. Get off your butt and into the market. Attend networking events, make sales calls, meet with prospective customers, make use of every opportunity to meet and talk to your prospects. Your business will not sell itself, it is your number one responsibility to do that. Work at the desk, behind your computer, and when the time comes, get up and go. Go where your customers are, have meetings to introduce your product, go to places where you can find a large number of your customers and talk about your product or service. Never sit still, always be moving towards the direction of your customers- online and offline.

Dominate Your Space
You need to separate yourself from other businesses. What makes your business different, and better than the competition? Stop striving to compete with others, strive to dominate your market. Raise your business above the competition. Stand out from the crowd, position yourself as the best at what you do. Set yourself apart from the regulars. Leave them behind like a corporate Usain Bolt. Serve your market differently, don’t try to coy your competitors. Never be afraid to stand out. Apple became the most valuable company in the world, not by competing, but by dominating their industry. Today, Google is dominating the online sphere, they are well above their competition.

Aim For Highest Value
Stop focusing on price! Price is a myth. Companies, individuals and your customers rarely make buying decisions based on lowest price. People buy for the value they get from the product. How does your product make people feel? Does it make them happy? Help them save time? Help them save or make more money? Does your product help them appear confident? Does it improve the way they are perceived in the society? Make them appear more knowledgeable? Help them get a higher pay? Does it give them a happy home? Does it make them more appealing to others, does your product or service make your customers feel good about themselves? These are the questions you should ask yourself. Stop saying “I want my product to be the cheapest in the market’.
Now don’t get me wrong, if the value your customer gets is less than the cost of your product, then you’re equally heading for the rocks. Aim to be the highest value provider, not the lowest cost provider. I don’t care if you’re selling akara, vintage clothes, or luxury cars. People need to believe the value they will get from your product is far greater than the amount they will pay for it. The question you must ask is “is the value my customer gets far more than the price they pay?”

You can’t keep lowering prices to win in the marketplace. You cannot operate your business with no profits. If you keep dropping prices, real soon, your business will drop dead and you my friend, will close shop.
What pays the bills? Money pays the bills. You’ve got bills- rent, staff, logistics, and so much more. When the estate agent comes knocking, what do you tell him? That you can’t pay your rent because you’re not making profits? Focus on value. Before considering lowering your price, focus on improving the value you provide.
Remember this: If you don’t determine your own value in the marketplace, the marketplace will never give you your worth.

Sweat It Out
Work your butt out. Work, work, and keep working. Who says owning your own business is easy? Your days don’t get easier when you quit your job and start running your own shindig, it gets tougher. You’ve got to work hard, sweat for every Naira you get. You become your own personal assistant, front desk officer, salesman, marketer, driver, cleaner- you become everything to your business. If you could not handle the one job you had as an employee, how then will you handle ten jobs in one? Think about that.

Never Stop Improving
Keep learning. Always be improving yourself, adding value to yourself and your business, so that you can give more value to your customers. The day you stop learning is the day your business starts dying. There is so much to learn, you have got absolutely no idea. Consistent, never ending improvement, amongst others, controls the success or failure of your business. Keep finding ways to add more value than anyone else is. Keep finding new ways to satisfy your customer’s needs.

Make Staff Productive
The main priority of a business is to bring in revenue. Make every staff in your company assist in directly bringing in revenue into the business. Why can’t your front desk officer make sales calls? Make your staff productive and pay them well for it. Stop accommodating redundant staff, let everyone work for their pay. Your staff should earn their pay. Quit filling your company with staff like a Fortune500 because you are not; when you get there, you will know it. In the meantime, cut down on redundant staff. Except they are interns, or volunteer staff, you have no business filling every corner in your small space with staff. Remember, you are a small business.

Dear business owner, no one starts a business and plans to fail. There are many steps you can take to make sure your business survives through the times. Start with these today and keep at it. Keep learning and improving yourself, your staff, your products/services and hence, your business. Remember the day you stop learning is the day your business starts drowning.

CBN WILL START CHARGING N65 FEE FOR ATM WITHDRAWALS

CBN introduces N65 Fee for ATM Withdrawals

From the 1st of September 2014, bank customers will pay a token for cash withdrawals made on other banks’ Automated Teller Machines (ATM). The Central Bank of Nigeria announced this on Wednesday.

If you recall, customers used to pay N100 if they used other banks’ ATM, but it was cancelled by the CBN and Deposit Money Banks in December 2012.

Now the current fee is N65, that is N35 less than the former fee.

The Central Bank agreed to re-introduce the charges because the cost of transaction was becoming too burdensome for the banks to continue to bear.

Director of Banking and Payment Systems Department of CBN Dipo Fatokun said the first three withdrawals on other banks’ ATM will be free but it would become effective on the fourth withdrawal in a month.

The statement posted on the official website reads:

“The CBN hereby issues the following directives: The re-introduction of ‘Remote-on-us’ ATM cash withdrawal transaction fee, which will now be N65 per transaction, to cover the remuneration of switches, ATM monitoring and fit-notes processing by acquiring banks; the new charge shall apply as from the fourth ‘Remote-on-us’ withdrawal (in a month) by a cardholder, thereby making the first three ‘Remote on us’ transaction free for the cardholder, but to the paid by the issuing bank.

September 1, 2014 shall be the effective date for the implementation of the new charge; banks are expected to conduct adequate sensitisation to the customers on the introduction of the new fee; all ATM cash withdrawals on the ATM of issuing banks shall be at no cost to the cardholder.”

DO YOU WANT TO GO INTO BUSINESS, CHOOSE FROM OUR WELL RESEARCHED BUSINESS OPPORTUNITIES.

Top 10 Emerging Business Opportunities in Nigeria

While there are great, time tested businesses out there that people have been investing into for years, some of which have been written about here on WealthResult.com. There are equally some emerging business opportunities that are yet to be explored or fully explored in Nigeria. 

This emerging businesses is what we want to bring out in this article today. Therefore, below is the top 10 emerging business opportunities in Nigeria that any serious entrepreneur should do well to take advantage of, right now.

1. Cable Manufacturing - Made in Nigeria cable is believed to be one of the best in the world and cost more in the market. If that believe could be maintained through consistent quality, Nigeria will soon become the hub of cable exportation in the world. I haven't got the details what it takes to manufacture cable but it's really not that difficult. It's not beyond what you can do - from my little finding, I can say it's pretty easy to make cables.

The Nigerian power has just been deregulated. Meaning that very soon, there will be massive rural and urban electrification project throughout the country which may likely result to increase in demand of electric cables far more than before. 

If you remember what happened in the telecoms sector, the boom and the massive employment it generated and is still generating in Nigeria. People who took advantage of the emerging telecom business in Nigeria to invest at the early stage are today the multimillionaires who control the industry. I see the same scenario repeating itself in the power sector.

2. Security Outfit - Security business have been around for a very long time in Nigeria but it's taking a different dimension in recent time due to the situations on ground; no thanks to Armed Robbery, Kidnapping and Boko Haram menaces in many parts of the country. This is no doubt one of the emerging billion dollars business opportunity in Nigeria, much like the oil and gas business.

Almost everyone who can afford private security services in Nigeria is going for it and it's becoming more cost effective considering the amount of money you pay out as ransom if you're caught by the kidnapping bad guys. Much is involved in security business but the generate lots of profits. We'll be bringing you details on how to go about setting up security outfit in Nigeria.

3. Photography - I mean professional photography business, not the kiosk type of old photographers you see in your neighborhood. Photography business is a multidimensional business, so much means of making money through this profession, many of which not yet even known by some of those who claim to be professional in the business. More on this in the subsequent articles!

4. YouTube Video Channel - This opportunity is very new in Nigeria, considering that Nigerians where not formally allowed/enabled to participate in YouTube partnership program. This is an emerging business opportunity that thousands of other publishers in other countries are already making six figures from.

I am taking serious interest in this business because I know it holds one of the finest opportunity to make real money to anyone who goes into the YouTube partnership program the right way. We will be having exclusive professional training on this business next month ending. Click here to register for the training if you are serious about taking advantage of one of the best emerging business opportunity in Nigeria

5. Upscale Supermarket - The constant rise of the middle class society in Nigeria is changing the face of shopping in most part of the cities in Nigeria. Upscale Supermarkets in convenient locations are becoming the preferred shopping place. As more and more people are stepping up their lifestyles so comes the need for upscale supermarkets among other thing to meet up with the demands.

Right now, only Shoprite and other few ones are trying to meet up this demand. There is huge opportunity is this sector in Nigeria, that's why Shoprite is currently setting up some number of new shops in Nigeria in addition to what they already have. When I say upscale, it shouldn't be necessarily as big as Shoprite but at least something close.

6. Talent Agency - The Nigerian entertainment industry is booming due to the untold number of talents in the country. I wrote an article sometime ago on How to Become a Nollywood Actress/Actors. During the course of my research for the article, I discovered there is no enough talent Agency in the country, giving scammers great opportunity to exploit teeming youths who are looking for how to enter into the Nigeria entertainment industry. 

 When the article was published, I had so many people contact me after reading asking of how they could get registered talent agencies. The number was so impressive that I was thing of setting up one. To be in this emerging business opportunity, all you need to do is to establish very good constants with the 'who is whos' of the Nigerian entertainment industry and you're good to go.

7. eCommerce - You've heard about Jumia Nigeria and Konga? Yeah! They are making millions of dollars from Nigerian market, yet they aren't of Nigeria origin. This is an emerging opportunity space in Nigerian economy that is yet to be fully realized.

This days, more and more people prefers to shop online because it's more convenient and gives you better opportunity to make good choices in your buy. The pay on delivery option is even making it far more easier as you get to see before paying. Investing in eCommerce in Nigeria is one of the finest investment choice anyone could make right now, provided you have the money to pull it off.

8. Cassava Bread - Ever since the cassava bread was introduced in Nigeria by Olusegun Obasanjo's government, investors are yet to fully exploit the opportunity that exist in cassava bread making to create wealth for themselves. Cassava is a well consumed food staple in Nigeria and any food made out of cassava is a guaranteed sellout.

9. Florist - Nigerians are beginning to appreciate flowers as a gift. Florists are beginning to flourish in Nigeria, and the business in is beginning to emerge. Few people are currently in the florist business in Nigeria, while the market is growing day by day.

10. Farming - Much has been written about Farming on WealthResult.com and more are yet to be written. After oil and Gas, Farming is the next industry in Nigeria in terms of importance. Nigerians are beginning to wake up to farming and the business is greatly emerging.

Any emerging business you know about that is not mentioned here? Tell us by making comments below.

GET A LOAN FROM A MICROFINANCE BANK IN NIGERIA

Easy Ways to collect/service loans from Microfinance bank in Nigeria

Hossain (2001) defined micro finance as a practices of offering small, collateral-free loans to people who otherwise would not have access to capital to begin small business or other income generating activities.

Conroy (2003) defined micro finance as the provision of finical servic

e to poor and low income house hold without access to formal financial institution. Micro finance is a general term to describe financial service to low income individual or other who don’t have access to typical banking service.

According to CGAP (2011) Microfinance offers poor people access to basic financial service such as Loans, serving, money transfer service and micro insurance. People living poverty, like everyone else, need a diverse range of services to run their business, build assets, smooth consumption and manage risk. With all this why do people still find it difficult to get financial assistance from the bank?

Target Customers

The bank’s target market is aimed mainly to economically active poor women and in rare cases men who are deprived, vulnerable and tend to engage in small economic activities which can be supported by small loans. These activities contribute to the local economy by providing useful goods and services and improving the condition of in households, particularly those of children in terms of nutrition, health education and general welfare. Here are the easy step to secure a loan and even pay off without stress

Group Formation

A group consist of five to thirty depending on their product. Belonging to a group is not new in Nigeria because many people are already members of a group, either in the church or within their immediate community and so the concept of a group is not new to us, but what may be new is that we may not be aware theses our groups should be use more for economic benefit and less for social benefit, the group should consist of individual who has something in common they either come from the same community, same religion or same age group or market.

For an individual to belong to a group or be recognized as a customer of the micro finance bank, the following criteria must be met:

1) The Customer must be engaged in an income generating activity: This means each and every one in the group must have something doing, not like the bank is giving you money for charity

2) The age limit is between 20 to 25 years: This is an economic activity for improving lives so is not a child play.

3) Other group member must attest to the fact that the customer is of good behavior: this aspect is very important because if your group can defend for you, then how do you expect the bank to give you loan

4) Two account must be open for each group namely compulsory saving and loan account with a non-refundable account opening  deposit of 400 or above depending on the bank each on the respective account and will be jointly run by the group leader and secretary of the group in behalf of the other group member

 Product description: These products is made available to members of a group or association (register or unregistered) involved in activities whose risk profile are considered acceptable to the bank, however those that don’t fall into the above would be treated on a case by case basis. The products will be driven to represent not less than 80% of the bank’s total loans portfolio at any point in time. The product encourage group lending which encourage compulsory saving along with repayment of the loans facility granted. The minimum amount that can be giving to is N200, 000 for basic while the maximum is N500, 000 respectively for a maximum of 180 days of 24 weeks

Requirement:

Group account to be opened with the bank

Group membership will be a minimum of 5 to 10 members for the TL (Thread Loan) and a maximum of 5 to 30 members for the SL (support loan)

The maximum exposure of the bank per each borrower in a group is paged at N200, 000 (two hundred thousand naira) for tread loans and N500, 000(five hundred thousand naira) for support loans.

The payment period will not exceed 180 day or 24 weeks

Compulsory saving account must be maintain and the account must not have less than 10% of the amount requested for.

Repayment must be done on weekly basis and on a specific day of the week which will be agree by the group during their meeting, the loans office together with the group pick a date and time of meeting.  

All disbursement must be routed through the group account inclusive of repayment

Group guarantee are required

Voluntary saving would be a minimum of 10% of the week loan repayment amount and must be paid with weekly loan repayment

you can revitalize your business by getting loans from micro finance banks, its easy, just follow the steps above!!!

BECOMING A SUCCESSFUL REAL ESTATE INVESTOR, LEARN HOW.

How to be a Successful Real Estate Investor

Population explosion in some major cities of the world has made the business of real estate a very lucrative one. People have been forced to pay through the nose because they have no choice but to stay close to their businesses. Real estate business people have thus enriched themselves. while the business is one of the oldest in life, neophytes are still joining the league on a daily basis. If you fall into the category of one who has the money, but lacks enough experience how can you determine what to buy and how to go about it?

Proximity to the city

There is really nothing wrong in you buying property in the city. If you are financially limited however, try as much as possible to invest in property that is close to the city. This is owing to the fact that development does not happen overnight. Considering that Rome was not built in a day you will know that for a part of a country to become developed, it must be linked to an already developed part. While you may not expect the same return as someone who has bought a building in the heart of the city, you will sure get patronage from people who may find the city rent too expensive. Such ones may not be comfortable with the noise associated with the metro and may prefer a quiet night after the day's hustle and bustle, as long as their home is not too far from the city.

Available Infrastructures

Whether you are buying in the heart of the city or you are going to the remotest village of your country, there must be a level of infrastructure in place so that your property will not stay redundant. Its true that some governments are more responsible to their citizens by providing basic infrastructures, it is also true that some developing countries are still battling to provide basic amenities for its citizenry. If you are in the latter category, avoid putting your money on property that are in areas without electricity and good roads. While it is possible that the government decides to put these things in place in the future, you will only be tying down your capital when you invest in such places with that hope in mind. Even if the land is bought for the purpose of farming, no one will patronize a farmer when the road is not OK for motorists.

Can it Be Commercialized?

There is just one reason you have for buying a property as a real estate person;  to make profit. Whether you want to rent it out, lease it or sell it right away, it is always good to buy a property that will yield good returns. Do not buy property that have become so dilapidated that the cost of renovation will be too much. When that happens, you may not be able to sell or rent it out at a rate that is commensurate with what is obtainable in the locality, you may end up incurring loss.

Be Conscious of Governmental Regulations

There are some raw lands that have been acquired by the government for developmental purposes. Property that belonged to the government are sometimes trespassed by local residents who claim that their forefathers have been on the land before government encroached on it. These ones may go ahead to woo unwary investors, especially neophyte estate developers and goad them to invest in controversial property. It is therefore pertinent to check with the ministry of planning in the state to ensure that the property is rid of such controversies. Even if it does not belong to the government, you still need to confirm if there are more than one party to its ownership. Ask around if the land or the building is rid of any form of litigation.

Remember Nature

After ensuring of its legitimacy, it is still important to consider factors associated with nature. So when investing, ensure that the land is not prone to flood. Is the landscape such that erosion will constitute problem eventually? When a land is too hilly, too rocky or swampy, an investor may regret ever dabbling into the business. Even if it is a building, is it possible that the area is susceptible to earthquake or even volcanic eruption?

Work with Experts

The work of an estate developer is not an easy one. As a greenhorn, you can find solace from the fact that you cannot carry out the task alone. So do not be afraid to ask questions. For example, when recruiting bricklayers, avoid overpaying as there must be a yardstick for paying the locality based on the number of bricks laid at a time. Same goes for carpenters, electricians, painters, manual laborers, etc, who are sometimes paid daily wages. It is pertinent that you employ the services of one or two marketers who will help drive the sales of your property. Better to pay commission than pay salaries, it is better to place them on target as well. 

There is nothing wrong if you get anxious as a beginner, even experienced real estate developers get perturbed sometimes because of the uncertainties associated with the business. As noted earlier, Rome was not built in a day. Be assured though that no amount invested wisely in a real estate business is a waste. Land is the only form of capital that is not manufactured in the factory. When one is fortunate to have one at his or her disposal, he is truly fortunate as the property will always increase in value, even if it was bought a minute ago.

GREAT NEWS FOR FIRST BANK CUSTOMERS!!!

FirstBank Ltd & Paypal Unveil Seamless E-commerce Payment Partnership for Easy & Secure Banking

FirstBank of Nigeria Ltd and PayPal have launched an exclusive strategic partnership to make it easier for FirstBank customers to pay and get paid globally; in a manner that is seamless, secure and convenient.

The partnership is in a bid to solve the challenges Nigerians often experience with paying for goods and services online, while contributing to FirstBank’s push towards a cashless society in Nigeria, coupled with leading innovation in the development of secure online payment systems.

According to Bisi Onasanya, Group Managing Director/Chief Executive Officer – “Over the years, payment cards issued by banks in emerging economies have had the challenge of acceptance for e-commerce transactions, especially by international merchants and online content providers.

Bisi Onasanya (Group Managing Director/Chief Executive Officer)

In recent times particularly, the payment needs of Nigerians have continued to evolve with more people desiring to purchase goods and services online and from far flung markets across the globe.
This need increasingly underscores the imperatives for an internationally and easily acceptable e-commerce payment platform. This partnership is, therefore, opportuned at this time of accelerating e-commerce evolution in Nigeria. It is equally noteworthy, as it syncs with FirstBank’s enhanced service solutions for its SME, e-business, mobile banking and Online banking customers“.

Efi Dahal (PayPal Regional Director, Sub-Saharan Africa & Israel)

Oando Acquires ConocoPhillips for N2.3 Trillion

LAGOS (NAN) ― Oando Plc on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for 1.5 billion dollars (about N2.3 trillion).

The News Agency of Nigeria (NAN) reports that Oando announced the acquisition in Lagos in a statement by Alex Irune, its Head of Media and Communications.

He said the cost outlay of 1.5 billion dollars (N2.43 trillion) was arrived at after customary adjustments plus a deferred consideration of 33 million dollars (N5.34 billion).

According to him, the transaction involved the acquisition of ConocoPhillips’ Nigerian oil and gas businesses consisting of Phillips Oil Company Nigeria Ltd.

ConocoPhilips Oil Company Ltd holds 20 per cent non-operating interest in Oil Mining Leases (OMLs) 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Joint Venture (NAOC JV) Ltd.

It said that the other owners are the Nigerian National Petroleum Corporation (NNPC) with a 60 per cent interest and NAOC 20 per cent and operator.

“Conoco Exploration and Production Nigeria Ltd (CEPNL) holds 95 per cent operating interest in OML 131 located 70 km offshore in water depths of 500m to 1,200m.

“Phillips Deepwater Exploration Nigeria Ltd (PDENL) which holds a 20 per cent  non-operating interest in Oil Prospecting Licence (OPL) 214 located 110 km offshore in water depths of 800m to 1,800m,” it said.

The statement said that other owners are ExxonMobil with 20 per cent and operator, Chevron 20 per cent, Svenska 20 per cent, Nigerian Petroleum Development Company 15 per cent and Sasol 5 per cent.

It said that the Minister of Petroleum Resources, Diezani Allison-Madueke, had in June approved the conversion of OPL 214 to OML 145 for an initial period of 20 years.

The transaction, it added, made Oando Energy Resources (OER) to own indirectly all of the issued share capital of POCNL, CEPNL and PDENL.

 “The effective date of the transaction is January 1, 2012,” it said.

The statement also said the transaction compelled OER to retain The Petroleum and Renewable Energy Company Ltd as Independent Reserve.

It noted that Wale Tinubu, the Chairman of OER said that “we believe in the significant potential that the Nigerian oil and gas industry holds and are privileged to play a pivotal role in its consolidation, growth and development.

“We will continue to seek strategic opportunities that provide a platform for enhanced growth and value creation for our stakeholders.”

INDEPTH RESEARCH HOW TO OPTIMIZE YOUR BLOG EARNINGS.

How To Monetize Your BLOG Traffic more effectively

Now that you've set up your blog and continually adding quality great posts, the next step is to see how you can earn money from your blog. If you really whats to earn money with blog, you must choose the best and easiest monetization option. First of all, what is monetization? It simply means setting up your blog to earn money for you or act of earning money with your blog.

Gone are the days when Bloggers just blog for fun and for the sake of it. Today, making money with blog is the top priority in blogging. Some blogger earn decent income annually from their effort. However, you need to keep your eyes simple while trying to make money with your blog. Sometimes, you don't make money with your blogging until you master the strategy.

How Easy Is It

Earning money with blog is easier than blogging itself. The reason being that, you don't spend extra time with monetizing your blog other than the time you put in to maintain and promote it. As you do that, the money will come naturally. More effort more money, little effort little money or even no money! That's the hard truth, money comes when you do what you should do with your blog. My first blog started with less than $2.00 a day and averaged $3.8 per day after six months of consistent effort. Yours may be more or less but the central point is, put effort to earn money with your blog.

Having made up your mind on monetizing your blog, the next step should be which monetization means to choose and which technique that will be the best for you. Below are some of the best known means of earning money online that you can apply to your blog:

Contextual Ads: A pay per click advertising is one of the easiest and best known means through which bloggers earn money with blogs. If easy to apply foe, you can get it from ads serving websites and companies like Google (Known as Google AdsSense), Yahoo, MSN Ads, Business.Com Ads, etc. The most popular of them all is Google Adsense.

You can't use all of them together to avoid violating their 'Policies and Terms of services'  so, you need to choose one at a time - Assume you decided to go for Google, then sign up and get adsense account at: Adsense.Google.Com, it takes less than two days for your blog to be reviewed by one of Google's agent before relevant Ads could be served in your blog.

Please, take time to read the adsense policy before you proceed. As soon as your account is approved, copy the ads code and paste it where you want it to be in your blog and you get paid each time some one clicked on it.

It's the same process with all the rest mentioned and the policies are just similar, don't click on the ads you are serving and don't solicit for same, let your click comes naturally and legitimately! That is the rule, respect it at all time, violation could constitute ground for termination of business relationship with you by the ads serving company and all earnings withheld.

How Much Can You Earn

You can earn something between $0.1 to $10.00 per click and when piled up, could just be enough to pay some bills. To make decent amount from pay per click ads, you need to get more traffics to your blog, $200 monthly is the ideal earning for average publishers, $500, $1000, $2,500 are all possible however, effort is required for you to attain that. Forget those deceptions!

Affiliate Programs: Another great means of making money from blogging is through affiliate programs, promoting affiliate products in your site.There are hundreds of thousands if not millions of affiliate programs online. Each of them comes with different benefits and different promises, capable of making you some bulk is put in the efforts required to make success out of it.

Go to any affiliate directly website or affiliate review sites, choose your choice affiliate program and sign up directly with the merchants website after reviews or you sign up with ClickBank to promote affiliate programs in their platform. You can do the same with Amazon which works perfectly with Blogger in-case if you are using Blogger.com as your blogging platform, sign up as Amazon Associate and begin to promote their numerous affiliate products which ranges from books and software to Furniture and Cars etc.

If you wants to run affiliate programs through the most credible platforms, then think of ClickBank.com Amazon.Com, Commission Junction and many more you can find from search engine. Before you enter into affiliate agreement with any merchant outside Clickbank and Amazon, you'll be wise to check about their credibility record so that you don't end up working for nobody for nothing.

Don't rely much on the information from affiliate review site except if you trust the review site in question. Do extra research with related forums, ask others and weigh the comments you may get before you decide to promote.

You can locate your choice affiliate through word of mouth or from Affiliate directories, just open the search engine and key in "Affiliate directories" into the search box and hit 'Search' button, when the result is out, select your choice affiliate and sign up to promote. Make sure the product you are promoting is targeted  to your blog content in other to increase chances of high conversion. With good traffics, a decent income could be generated from promoting affiliate programs in your blog.

Sell your products: Nothing wrong if you can sell your own product within your blog and keep the 100% profit. After all, you are helping others sell their own products from your site. Therefore, if you can do it for others, you can equally do it for yourself. Sell directly from your blog or you advertise it from your blog and sell at your desired platform.

Look for product you can sell if you don't have any, it can be ebook, softwares or any thing else. Remember, this is just for the beginning other means of making money from your website will come up later. I will be writing more of the monetization means in my subsequent blog post, be sure to check back regularly.

NIGERIANS MAKING MILLION ON YOUTUBE, HOW YOU CAN BE A PART OF THE CASH RAIN!!!

How to Make Money on YouTube

YouTube is generating serious revenue for content creators in more than 200 countries round the world which includes our own country. If you are looking for business you can start now with little or no money, I will advice you to look no further because this is it. We have been knocking on the YouTube door for a very long time now until this August that Google finally opens the door for Nigeria and other 3 Africa countries - Ghana, Senegal, and Kenya.

Jason Njoku - One of the early starter. He started YouTube Partnership business in 2011 and currently earn several millions of dollars annually. He was earning $25,000 monthly before he expanded to IrokoPartners.

This is an opportunity you will live to regret if you miss it. Believe it or not, it is one of the finest opportunity to make Quids online for average Nigerians right now. I found this fantastic InfoGraphic and wish to share it with you. It summarizes everything about YouTube content partnership business from start to finish and I hope you'd enjoy it. 

First, go through the InfoGraphic and see how the business works, then you make your comment below. Enjoy!

PRACTICAL WAYS TO MAKE MONEY ONLINE

How to Make Money Online The Practical and Easy Way

Making money online is one big dream for everyone of us, but very few are achieving the dream despite that online business is relatively easier compared to other means of making money. There are so many tutorials and programs flying about on how to make money online, which have succeeded in creating more confusion rather than clarification. In this Article, I will try and address the subject in more clear and objective way, offering advice and solutions on making money online.

You must have joined one or two programs online hoping to make money in the process? You are not alone! That is exactly what 99% of people (Including me) usually do when they come into the "Making money online" subject for the first time. It is like the entry point, especially for those who've got no mentor. But I can assure you that joining one referrer programs or the other is not the way to make money online, rather it is the way to waste time promoting other people's website and businesses for absolutely nothing.

When people are new online, they are made to have this notion - that making money online is just a matter of switch on your laptop, tap on few clicks and you're in money. No, it doesn't work that way! But that is what these programs you join would want you to believe or maybe that is what you really want to believe. 

The truth is that posting links on Facebook, clicking on links, inviting people to a website, participating in survey, and other programs like that will never make you a decent income. 

Those things are performed freely in support of any website you like and to spread content you love, it is a way of appreciating quality content online. Most of those services you perform are not realistically meant to be paid for. That's why you aren't getting a dime!

Making money online is only for those who are willing and ready for the tasks involved.  So, before I go ahead I'd like to ask you: Are you willing to make money online? If your answer is yes, then you need to back up your answer with readiness to perform the tasks involved as I take you through the journey!

Straight to the point -  To make money online, you'd have to build business. The best way to do it is to create problem solving products and services that people will love to use. Online is just pretty much like offline, it is made of the same human being with the same mentality and needs. You can't imagine patronizing a crappy business with low quality services time and again? Likewise, you can't imagine doing nothing of value online and expect decent income, but when you create real value you will be rewarded with wealth.

Now, how can you proceed to creating these real values we are talking about and make money in the process? First, do not be afraid, it is easy and simple and anyone can succeed online provided there is something you are passionate about. It is easier and cheaper to put in the hard work and create value which guarantees sustainable wealth than waste all your life following one useless program or the other with nothing to show for it at the end.

How to Create Value Online and Make Money

You've heard about folks who are making $20,000 monthly? About 21 years old man who created $15,000 monthly income fast an easy? Yes, these stories are true and what they did to get to that point is what I want to share with you here. So, get on the groove and lets go!

Create Products:

 

Billions of people are looking for products to buy online. Creating products that will be of interest to these people is a sure way to making money online. When I say product, I don't mean Samsung Galaxy S4 nor Apple's Mac Pro. I mean product as simple as high quality tutorial eBook. Below are the lists of products that people are willing to spend their hard earned money on online -

eBooks - This is one of the most sought after product on the internet. People are continuously looking for information on just about anything. Think of something you know, research to find out the demands, if people are willing to pay to have the information. Take enough time to  create high quality e-book with detailed solution to the said problems, put it up for sale and promote it continually. You will be amazed at how much money you will make with this.

Advice: There are many eBooks out there and probably on the same subject you intends to write on. To be ahead of competitors, you'd need to make yours stands out by creating valuable eBooks that provides practical solutions to people's problem.

Membership website - Sites like Forums, Dating sites, and Social Networking sites are the powerful means of keeping people together on your site while monetizing it through PPC ads and products sales.

Set up a membership site today and work on it till it gained much users and becomes a business. The revenue will be well worth the effort you put in building it.

Blogging - If you are good at writing and creating quality content, then consider blogging. The facts remains that people are making good money blogging and you can too. There is no substitute to quality content and if you are capable of creating some, you are on your way to becoming a successful Blogger. A decent Blogger makes something like $5,000 monthly, and bigger bloggers earns much more than that.

Advice: Blogging isn't a joke, you must be willing, capable and ready to keep writing high quality articles on regular basis. Else, you'd just be blogging only by the name. LOL!

Software / Apps - Are you skilled in software engineering and application development? There is big money waiting for you. In the race to online success, creative people wins. A very good example in this regard is Genesis Framework. Realizing that millions of Bloggers and Webmasters are turning to Wordpress for their content management, they set out to create the best Wordpress Framework the internet ever seen. The result? Over 100,000 paid customers and millions of dollars revenue! You too can do the same if you got the know how.

Computer games - 11,100,000 are searching for this product every month on Google search engine. It's better to imagine how much you gonna make online if you come up with a good computer game.

Offer Services:

While creating products may be a little bit difficult, offering services is by far the easiest means of making money online. Below are some of the services you can offer online to make decent income at the comfort of your home.

Article Writing - Can you write? One thing you need to understand is that being educated doesn't mean you can write. Writing is a skill, and art of composing meaningful words at length is a rare talent! If you can write, then making money online is as easy as saying YES!

We are currently looking for good writers who will work with us on contract and permanent basis, likewise thousands of websites out there. Contact us if you are good at writing and think you can write for us. You must have Google+ account with at least 50 followers and ready to work with Wordpress. You must also possess knowledge of basic SEO.

Web Designing - Millions of new websites are being developed every year and people are turning to Web Designers to get this service for a fee. From the comfort of your home, you can do work for clients far and wide and get your pay upfront. A good web designer makes between $150 to $2,000 per job depending on the nature of job and the client involved.

Graphic Designing - Another powerful means of making money online is to learn creative graphic design. This is a creative job, you must be good with graphic in other to impress your clients. Logo designs alone goes for $200 per job and even me can do logo within few hours

Build Social Followers - All the hundreds of hours you spent online clicking on links and taking surveys can be used to build Twitter followers and Google+ friends. When you amassed good number of followers, you can make money by promoting products to them and tweeting promotional links occasionally.

RECHARGE CARD DEALER: A MILLION NAIRA BUSINESS,FIND OUT HOW

How To Be A Successful Recharge Cards Dealer Amongst Competition in Nigeria

The Life span of a business is determined not just by large profit but by the frequency of turn over. As the number of phone users increases in Nigeria, the rate of recharge cards consumption soars. Hence, the number of prepaid subscribers outweigh that of postpaid customers. Voice calls and data usage keep necessitating the purchase of recharge cards. Hence, this details steps are to be taken to be a successful Dealer. 

MTN Friendship Center

According to Hakeem Belo-Osagie, "remaining where you are in a world that is changing so rapidly is in fact the MOST DANGEROUS  of all places to be". And base on this fact of life the need for a quick and drastic measure to invest is now more than necessary. Listed below are some important facts that you need to consider in other to be a successful Competitor

OBJECTIVE:

To be a leading supplier of all denominations of recharge cards and agent to all the Telecommunication service provider in Nigeria,the best and viable means is by offering door to door service to retailers who may find it stressful to leave the comfort of their shops in order to buy recharge cards

MARKET:

More retailers are embracing the business of selling recharge cards because it's a special kind of fast moving consumer goods(FMCG) unlike perishable food, does not expired or spoil; moreover it's becoming a necessity for young and old to recharge their lines to serve their communication need.

STRATEGY:

Just as the number of subscribers are much so the numbers of suppliers are increasing. This competition has made some people abandon their previous business because of the profit in it. To sustain our dealership, we have decided to increase turnover by reducing price while most dealers and sub-dealers make profit of 2%-5%, we have resolved to make profit of 1%. Hence when we turn stock worth of 400.000(four hundred thousand naira) in a day over we make 4000. This is possible if we target 10 individuals who buy N40,000(Forty thousand naira ) or more worth of stock daily. A sales representative will go to these customers very early in the morning to supply stock, even if he or she is paid salary, there is still something viable for the organization at the end of the month.

TURNOVER:

Stock valued at N400,000(four hundred thousand Naira) is expected to be sold daily for 30 days (some weekends with much increase in demand) and some retailers sell more than 50,000 (Fifty Thousand Naira) daily, on the average a profit margin of 120,000(One Hundred and Twenty thousand Naira) will be made monthly.

BUDGET:

Buying of stocks= N340,000(three hundred and forty thousand naira)

Transportation = N20,000( twenty thousand naira) 

Salary for sales representative = N20,000 (twenty thousand naira) Business card =N5,000( five thousand naira) 

Phone for sales representative = N10,000( ten thousand naira) 

Cost of recharge card for calling retailers = N5,000(five thousand naira)

RISK:

Sales representative are expected to guide monies carefully while selling stock to retailers, so as not to attract hoodlums who snatch bags from ladies and gentlemen as the case may be. Such sale representative must sign undertaking and present two guarantors with a cooperate account with banks in case of carelessness on their part, and such guarantors will be liable.

PROSPECT OF GROWTH:

Initially, retailers who buy stock worth of N40,000 (forty thousand naira) daily will be target. Be it as it may, remember that there is a need for you to retain and keep your customers. At the end of three to four months our supply chains is expected to have double by 50% giving us 15 retailers.

CONCLUSION:

With the outlined and explained point above, I believe we are on a pedestal that will make it convenient for us to effectively execute business of sales of recharge. It will be of interest to you that we have acquired on the job training and experience. This is an advantage and a leverage to ensure success, especially considering that this business isn't limited by time, space for storage and territory.

HOW TO IMPORT GOODS FROM CHINA AND MAKE YOUR OWN MILLIONS: AN EXPERT INSIGHT.

How To Import Cheap And Quality Goods From China

• IMPORT GOODS DIRECTLY FROM MANUFACTURERS
• GET GOODS WITHIN TWO WEEKS
• PAY ONLY 30% UPFRONT AND BALANCE 70% AFTER DELIVERY
• RISK ZERO SHIPPING COST
• PRODUCTS SELLS LIKE HOT CAKE IN NIGERIA
• MAKE HUGE PROFIT

One of the most lucrative and latest pragmatic steps in the marketing world today is doing business with Direct Sales Agents (DSA). It is the latest trend in marketing goods and services.  Unlike in the years past, it is the buyers that would always take their time, go hunting for where goods/services or manufacturers are located before they can purchase such products and push them to the final users at home. What an ancient way of doing business!

IMPORTING DIRECTLY FROM MANUFACTURERS

It is not a fiction that China has the largest manufacturing companies in the world, with over 2 Billion population, which occupies the highest number of labour employer in the world; caring for both the developed and other developing Continents like( Africa, Asia, American, even Europe). With the latest trend in Marketing, Public relations and customer relations, things have changed for good. 

Today, most coys are now devising different means of gaining customers due to increase in competition across the globe. In a situation whereby we have 10 companies producing the same goods or 20 firms offering the same services in the same state or province, will make them prepare very well for series of marketing strategies they can engage in winning their customers’ heart, hence, the reason for the creation of the department of customer relationship officers or public relations officer or marketing executives that can help in moving the organization forward by approaching, attracting, valuing and winning the target customers to the companies side directly, so as to maximize profit and be at competitors edge.

PAY ONLY 30% UPFRONT AND BALANCE 70% AFTER GOODS ARE DELIVERED Importing goods directly from Chinese manufacturers into African countries might be a bit complicated. Apart from the fact that China is far from Africa, it is also very risky to do a business transaction with someone you do not see or know. At times, most dealers go as far as China to buy and bring to their home country by themselves or order through friends/colleagues who happen to live there. 

This days, manufacturers in China will advertise their products in social media and other platforms that belongs to their target audience, where they can see the catalog of such products and probably patronize them by ordering such products directly online from the manufacturers website. These sets of manufacturers would leave their direct company contact on such platform so that prospective customers can believe in them and know they are dealing with the right people. 

They give room for such new customers to call, chat and confab with one of the company’s representative, so as to know the modules oprandi of the organization and how the goods can be shipped to the customer’s country after making up to 30% payment upfront.

“LIFE IS A RISK, YOU EITHER COMPETE OR DIE”
 Risking your 30% of lets say out of N300,000 of total payment and you are only asked to make a down payment of N90,000 in other to get your selected catalogs shipped to you in the next 2 weeks might be very challenging. This is exactly where the trust lies. Most people do not believe in tying down their money to an unknown person for 2 weeks, it is not easy really, it is 50/50 chances in achieving that goal. But come to think of it, there is this adage that says, ‘no pain, no gain’. 

You need to understand that life is a risk, so you either compete or you are left behind. So, why don’t you just take some risk and achieve in faith and trust. Remember, this manufacturers have been proved real and genuine by those who patronizes them and there is no gimmicks about it, they are confirmed and authentic producers who are readily available to do business with you.

RISK LITTLE OR ZERO SHIPPING COST
Another good news about this manufacturers in China is that most of the companies over there do not charge shipping fee and no hidden charges as well. This is another means of attracting customers and gaining their trust for business. Though, this depends on the load of goods that is being ordered by such customer. 

If the catalog is small in number, they may not charge at all, but if the products ordered are large number, some charges might be incurred by the customer which will definitely be on discount rate to ship the customer’s goods to him/her on demand. But you might incur duty fees on newly imported goods from the ports authority of your country

Meanwhile, when this products find its way into the Nigeria Market, for instance, the demand is normally high if one knows how to do a thorough marketing of such products. Though, the manufacturers usually advices that the buyer should go and do a proper visibility study in their home country with clean marketing research that can aggravate higher demand for such product. But it is not really necessary in a Larger population countries with high demand for electronic and other goods like Nigeria (with over 150 million people)

MAKE HUGE PROFIT  
The next thing after delivery the product to you and completing your 70% payment is, to start distributing them to offices, Churches, Mosques, Government Parastatals, etc and start raking in your money in thousands if not in millions depending on your investment and dedication and total effort/time spent in marketing the products. In this section, you must create a network marketing group and/or habit that will help the product market itself in your home country or location to your target audience. 

Depending on the platform you want to use(online, one on one, seminar, social gathering etc), once you know and understand your market and target audience, you will sell all your products within few weeks and make your desired 100% profit. I mean it, 100% return on your investment. The reason is that, most Chinese Product are generally cheap and multifunctional in nature, so don't worry, the 100% return on your investment is guaranteed.

               

In a concluding note, I wish I could recommend series of manufacturers that offers this  form of services in China to you, but what are friends for with www.google.com, www.ask.com, www.mamma.com, www.how.com and other SEOs that can give you series of companies that offer such services online; with detailed information about them and the seal of recommendation by the Chinese government, so as to avoid fake ones. 

START YOUR OWN HAIR EXTENSION BUSINESS

How To Start Hair Extension Business in Nigeria

Do you have passion for fashion? Why not consider trading in the beauty industry? The demand for hair extension in the Nigeria market today is sky-rocketing everyday by day. This is a viable and lucrative kind of business. Also, it requires little capital. Most women in our society today take extra measure to look good by making their hair with all types of hair extension. It is also a kind of business anyone can

It is a kind of business you can start from home, rent a shop, and your customers will reach out to you on your mobile phone when the need arises. There are different types of hair example; synthetic human hair,European, Brazilian hair, Peruvian hair, Indian hair, expression attachments,wigs, amigos attachments etc. They come in different inches, colors,different makers, and their prices vary too.

Before you engage in this type of business, you need to understand and get familiar with the different types of hair extension they are in the market. Some people may consider selling only human hair depending on who their customers are and others prefer to sell all products of hair extension. It advisable to sell different types of hair extension because people are different so as taste.

Again, you also need to purchase the equipment for your shop and hire the necessary staff for your business. Another strategy is advertisement, this could be done through social media marketing, telling friends and family through word of mouth marketing, or showcasing your product at trade fair shows. As a business owner you need to practice what you preach. Use hair extension products on your hair for people to see.

To engage yourself in this type of business you need to put somethings into consideration to avoid  any pitfall. 

1. First Educate Yourself: Due to variety in brands of hair extension in the market,  you need to know their names, inches, and where they are made in. Because you will have different customers asking for a particular brand of hair. More so, a new product  can surface in the market that your customer is not aware of, therefore, you can tell your customers more about it. This will show how professional you are in the business.

2. Write A Feasibility Study: Make a list on how you want your business to succeed at the beginning and in the future. Think of how you can compete with the existing competitors in this line of business. know how much you need to start up, and what the turnover would be. Also, find out where to buy your products, either from the distributors or manufacturers  in order to get products at a reasonable and affordable price.

3. Capital Prospect: When you invest N 500,000 to buy different types of hair extension that pull traffic in the market such as, expression attachments, human hair, lace wig, and other related items to stock.You stand a chance of making N 100,000 in return.

3. Add Related Items To Stock: There are some other related products that are used to make hair such are; thread for weavon, needle, weavon glue, weavon oil, relaxers and all types of hair cream and anti-dandruff for hair. This does not only attract individuals but also call for attention of salon owners to patronize your business.

4. Sell At A Reasonable Rate: Have it in mind that there are many competitors in this line of business. Make sure your price is very reasonable and competitive enough. You do not have to make huge profit as a beginner, what you need first is to gain more customers. Providing them with the best quality at affordable rates will make you gain customers and keep them for life!

5. Get Goods Directly From  Manufacturers

If you do not have enough financial capacity to import directly from China, you can consider purchasing from local manufacturers. Even so, you can get your product at a reasonable rate while being assured of good quality. In effect, you will be able to give your customers a reasonable discount on product purchase.

6. Attract Your Customers

While reasonable price will help you gain more customers, you can make them loyal by giving incentives on products purchased. This can come as gifts on products bought depending on the quantity. Sometimes, you can run a sales promo. Your customers want to be convinced that there is a difference between you and other suppliers.

I believe these steps above would give you an insight of how to start a successful hair extension business, and make you standout from existing competitors. If you have any comments or questions, please do not hesitate to do so below.