What are the best investment opportunities in Nigeria? Are you in search
for small business ideas in Nigeria? Then read on as i share with you a
detailed list of 15 fastest growing small business opportunities in
Nigeria for 2013.
For quite sometime now, my email box has been
filled with request from fellow Nigerian entrepreneurs asking for the
fastest growing business opportunities in Nigeria which they can invest
in. Before I proceed with any detailed explanation, I want to state
clearly that there are untapped small scale business opportunities in
every industry both in Nigeria and all over the world; you just need to
dig deeper to find such niches.
Now for those landing on this blog for the first time, i think it is important i introduce myself briefly. I am
Abatan
Oluwasegun Babs (+2348107024162); an Entrepreneur, Realtor and Oil
logistics Agent with a passion to share my knowledge and also learn from
others.
While there are untapped business opportunities in every
industry, this article will be pointing out the fastest growing business
opportunities in Nigeria. If you are non-Nigerian or you’re a Nigerian
in Diaspora wishing to start a business in Nigeria; then you will find
this list of fastest growing business opportunities in Nigeria very
useful.
A lot of things have been said about my country Nigeria
and her harsh business terrain. If you are a non-Nigerian entrepreneur
or a Nigerian in Diaspora; then this is my take about starting or doing
business in Nigeria. If you are an experienced serial entrepreneur or an
entrepreneur with guts; then you should know that one of the best
places to invest your money and build a business is in a developing
terrain.
Nigeria is a developing country and one of the best
places to invest or build a business is in a developing environment.
Though the risk is high, so also is the reward. Like I said; if you are
an entrepreneur with guts to take on business challenges like Richard
Branson; then this article is for you.
If you are hungry for
entrepreneurial ideas and information; then sit back, grab a cup of
coffee and read on as I present with you a detailed list of 15 fastest
growing small business ideas and opportunities in Nigeria.
15 Fastest Growing Small Business Opportunities in Nigeria for 2013
Before I begin listing the fastest growing business opportunities in Nigeria; let me tell you how I came about this list.
Sometime
ago, I handed out a task to some members of my strategic business team
and that task was to research and get a detailed report on the fastest
growing business opportunities in Nigeria with moderate risk and strong
profit potential within a defined time frame. After several weeks of
painstaking research, my business team reported back to me with an
in-depth list of 500 Hottest Business Opportunities in Nigeria for 2013.
Well;
if you must know why I mandated such task to be carried out, then I am
going to spill it. As at the time of this writing, I am currently
developing a strategic diversification plan with my business team and we
are looking at the various options of business opportunities available.
So
while I am not going to tell you the specific industry i will be
breaking into; I am going to share with you a short extract from my list
of 15+ fastest growing business opportunities in Nigeria, as researched
by my team.
What if You Don’t Have the Money or Capital to Start a Business?
Now
i know Nigerians are enterprising and industrious, but the inability to
access the necessary funds or capital is what is holding back most
Nigerians. The Federal Government went a step ahead to initiate a
programme called “YouWin” and to be sincere, i really laud this
proactive measure.
But the problem is that YouWin can’t
finance everybody’s business; you must learn to raise money on your own
without going to the bank. So in response to this, i wrote an article
that reveals 100 Alternative Ways to Finance a Business Without Going to
the Bank.
So without wasting your time, below is a brief extract of the fastest growing small business opportunities in Nigeria.
15 Fastest Growing Small Business Opportunities in Nigeria for 2013
Agricultural Sector
1. Catfish and Poultry Farming
The
first of the fastest growing business opportunities in Nigeria is
catfish farming. The primary reason I listed catfish farming as one of
the fastest business opportunities in Nigeria is because it’s an
emerging industry that hasn’t reached its peak or full potential. The
major players in this business are usually regional players. What this
means in essence is that each major player in the catfish farming
industry is focused only on a particular business terrain within the
geographical location of the farm.
So all you need to do is look for a
region with a growing demand that haven’t been covered by a major
player and situate your business there. As for poultry farming, the ban
imposed by the federal government of Nigeria with respect to the
importation of live or frozen poultry birds has only helped explode the
demand. Snail farming is also another under-exploited money maker.
When
accessing any of these business opportunities listed above, you must
note three important facts. One, food is one of the basic necessities of
man, thus making catfish, snail and poultry farming a huge potential.
Two is that the population in Nigeria is estimated to be over 150
million and growing so that entails a growing demand for food. Three is
that even if the local market with 150 million Nigerians gets saturated
(which I strongly doubt as this niche is still in its adolescent phase),
there’s still a growing demand for catfish all over the world. So do
your own in-depth analysis and put your money to work.
However, you are free to use our own analysis and research on How to Start a Poultry Farm.
Textiles Sector
2. Importation of wears
Importation
of clothes (designer wears) into Nigeria is another fast growing
business opportunity you can tap into but I must warn you; you will be
breaking the law if you engage in this business because there’s a ban by
the federal government on the importation of wears. I listed this
business opportunity for those who have the entrepreneurial guts to take
calculated risk.
Update: The ban on importation has been lifted by the federal government of Nigeria.
Another
reason I listed the importation of wears as one of the fastest growing
business opportunities in Nigeria is because the ban cut short its
supply thereby leaving a gap of demand that can only be filled by brave
entrepreneurs. Please don’t assume I am trying to hype you or something;
I am a player in this line majoring mainly in men designer wears which
is imported from China and India. I source corporate wears from Hong
Kong because of the quality of their finished product. Enough said.
3. Sewing of specialized uniforms
If
you don’t have the entrepreneurial guts to go into the importation of
wears; then you can set up a small scale textile firm that will
specialize in sewing uniforms. The demand for uniforms is on the
increase in Nigeria; from the crèche to the labor market, uniforms are
highly in demand but it’s advisable you do your own detailed research
before venturing into the business.
Transportation Sector
4. Inland water way transport
Inland
water way transport is one of the fastest growing business
opportunities in Nigeria. In fact, I believe the niche is still untapped
because I am yet to see a modern commercial boat or ferry service
system in Nigeria. Though there are a few operators in this industry; I
am yet to see the modern facilities being used by the developed
countries.
Another reason inland water way transport business
proves viable is because population in states such as Lagos, Ogun state
and Rivers is rapidly on the rise thereby resulting in the congestion of
roads. Since the roads are becoming heavily congested; the next means
of transportation the inhabitants of these heavily populated states will
resort to is water transport. With proper planning, a good management
team and adequate funding, you can break into this untapped industry and
carve a niche for your business.
5. Haulage and logistics
Haulage
and logistics is another fastest growing business opportunity in
Nigeria. Though it’s considered a risky business; you can breakthrough
if you have a strategic business management team on ground. Good
management is the key to surviving in the business of haulage and
logistics.
6. Outsourced bus service
This is similar to
haulage and logistics but the cargo in this case is humans. I am not
talking about the regular road transport bus service; in fact, I don’t
think I have seen the idea for this business been utilized by anyone.
Now
in this case, you are providing transportation services to firms and
corporate entities. Some corporate organizations can’t afford an
in-house transport system for its executives and staff, so this is where
you come in. You provide the cars or buses, provide the drivers and you
are paid on a monthly bases or contract bases for the use of your
transport services
Another area of target is schools. Most
schools would like to provide transport facilities for their students
but they can’t afford it and this is where you come in. You provide a
bus service system and send out a proposal to schools to use your bus
services. Just imagine 20 or more young schools jointly using your
student bus service system and you will catch the vision of this idea.
Information and Communication Technology
When
it comes to ICT, I will say Nigeria is lagging behind when compared to
the western world. It may sound like bad news to you but to
entrepreneurs and investors, it is good news. ICT is still an emerging
trend that hasn’t reached its peak so a lot of opportunities exist for
both local and foreign investors. I won’t go into the capital intensive
business opportunities that exist in the ICT sector; rather, I will
stick with small and medium scale business opportunities.
7. Cyber Café
The
demand to stay connected to the rest of the world is rapidly on the
increase and the cost of internet connection is still on the high side
when compared to what is obtainable in the western world, thereby making
cyber café an alternative for internet users; and an investment
opportunity for entrepreneurs. This business can be started either on a
small, medium or large scale but I will prefer a large scale because
size can be a competitive edge for you in this business as customers
won’t like to be kept waiting.
Customers of this industry want speed
and efficient service and most importantly; they want to be sure to find
a vacant computer system anytime they want to surf the web without
having to wait in line. If you can get a good location; provide speedy
internet access and provide complementary services; you are in for a
breakthrough.
8. E-Services
Just as the world is going e-crazy;
so also is Nigeria catching up with the trend. E-services provision is
still a virgin business opportunity that hasn’t fully been tapped. Under
the umbrella of providing e-services; you can find the following fast
growing business opportunities: E-payment, bulk Sms services, web design
and hosting, database management services, e-portal management, etc.
15 Fastest Growing Small Business Ideas in Nigeria for 2013
Education
The
need for education is on the increase and the burden to provide quality
education is getting heavier for the government to bear thereby,
leaving room for private and institutional investors. The following are
ways you can tap into the potential opportunity.
Thursday, October 24, 2013
FOREX GOOD SIDE
Forex or Foreign exchange is one of the hottest investment products
out there and many online will have stumbled across adverts promoting
over-the-counter Forex products. But many ask a perfectly legitimate
question, can you really make money trading the foreign exchange markets
from the comfort of your home? You will find many resources and
websites online which will answer this question in the affirmative and
make bold claims regarding the amazing returns you can make from trading
Forex, however it is not quite as simple as this. Answering this
question is not as simple as it may at first seem, of course there are a
number of retail traders who are very successful. But the more
important question is whether an average Joe with little trading
knowledge or experience can expect to make money from trading. There is
no good data in regards to what percentage of retail foreign exchange
traders in fact turn a profit. There have been suggestions that maybe
only 10-25% of retail foreign exchange traders turn a profit which
demonstrates just how difficult it can be to make money trading. Should
be these glum figures put you off trading Forex? In my opinion these
statistics should make you seriously consider whether trading is in fact
for you.
Why do so many retail Forex traders lose money?
I believe there are a number of reasons to why such a high percentage of retail traders lose money trading. Firstly, many new traders who are attracted to trading see Forex as something akin to a get rich scheme which will see them making huge returns without much effort. This is completely the wrong conception of Forex trading, in my personal experience trading the markets with real money at stake is one of the most demanding and stressful things you can do. A second factor which leads to many new traders ultimately losing is that many newbie and even some relatively experienced traders lack the relevant education to really understand trading. Many traders who start out may learn a bit about technical analysis or buy a trading system, without properly understanding how to use the system or the technical analysis they have learned. Technical analysis is a very nuanced and interpreting whether indicators are giving you could buy or sell signals can be quite difficult. At my blog I attempt to guide traders through some of the basic of technical analysis with the aim to helping people avoid making mistakes. The third major reason why I believe so many fail at Forex trading is that a certain temperament is needed to successfully trade the markets. One must be level headed, able to deal with considerable stress and be able to deal with the considerable highs and lows that traders have to deal with. This third reason is the one which I feel is the most difficult to provide to a solution to, as it appears to me that some people are simply not suited to Forex trading. Here I want to echo the sentiments of Paul Belogour who in the FinancialTimes stated ‘But I say to customers: if this is money you have worked hard for – that you cannot afford to lose – never, never invest in foreign exchange.”
Making money with SocialTrading
Social investment and trading are generating a lot buzz on the internet and the main reason is that they seem to give people who don’t have the knowledge or ability to successfully trade Forex the possibility to make money from the markets. Social trading networks allow users to piggyback on the success of other traders meaning that an individual doesn’t have to personally trade the markets in order to make money from them. While social trading does seem to offer individuals a way to make money from the markets, there is again little data in regards to what percentage of users end up profiting. My personal experiences with social trading have been good, but social trading does still involve picking which signal providers to copy thus bringing in an element of skill. Social trading does seem to have the potential to allow those who are not cut out to trade the financial markets the possibility of making significant returns. However as with all forms of trading there is a significant amount of risk.
Conclusion
It is certainly possible for retail traders to make money from trading the financial markets and I count myself lucky enough to be one of those in the minority who have had success with trading the Forex markets. Financial trading is a complex and challenging, many jump into Foreign exchange trading without having the necessary knowledge or experience. Those interested in trading should make sure they get adequately acquainted with the necessary information to fully understand the workings of the Foreign exchange markets. I also suggest that those interested in trading make use of demo accounts and get in plenty of trading practice, treating those accounts as if they were real money accounts. For some Forex trading is going to be a great opportunity to make a side income or grow an investment portfolio, others would do well to steer clear of trading and seek alternative lower risk investments
Why do so many retail Forex traders lose money?
I believe there are a number of reasons to why such a high percentage of retail traders lose money trading. Firstly, many new traders who are attracted to trading see Forex as something akin to a get rich scheme which will see them making huge returns without much effort. This is completely the wrong conception of Forex trading, in my personal experience trading the markets with real money at stake is one of the most demanding and stressful things you can do. A second factor which leads to many new traders ultimately losing is that many newbie and even some relatively experienced traders lack the relevant education to really understand trading. Many traders who start out may learn a bit about technical analysis or buy a trading system, without properly understanding how to use the system or the technical analysis they have learned. Technical analysis is a very nuanced and interpreting whether indicators are giving you could buy or sell signals can be quite difficult. At my blog I attempt to guide traders through some of the basic of technical analysis with the aim to helping people avoid making mistakes. The third major reason why I believe so many fail at Forex trading is that a certain temperament is needed to successfully trade the markets. One must be level headed, able to deal with considerable stress and be able to deal with the considerable highs and lows that traders have to deal with. This third reason is the one which I feel is the most difficult to provide to a solution to, as it appears to me that some people are simply not suited to Forex trading. Here I want to echo the sentiments of Paul Belogour who in the FinancialTimes stated ‘But I say to customers: if this is money you have worked hard for – that you cannot afford to lose – never, never invest in foreign exchange.”
Making money with SocialTrading
Social investment and trading are generating a lot buzz on the internet and the main reason is that they seem to give people who don’t have the knowledge or ability to successfully trade Forex the possibility to make money from the markets. Social trading networks allow users to piggyback on the success of other traders meaning that an individual doesn’t have to personally trade the markets in order to make money from them. While social trading does seem to offer individuals a way to make money from the markets, there is again little data in regards to what percentage of users end up profiting. My personal experiences with social trading have been good, but social trading does still involve picking which signal providers to copy thus bringing in an element of skill. Social trading does seem to have the potential to allow those who are not cut out to trade the financial markets the possibility of making significant returns. However as with all forms of trading there is a significant amount of risk.
Conclusion
It is certainly possible for retail traders to make money from trading the financial markets and I count myself lucky enough to be one of those in the minority who have had success with trading the Forex markets. Financial trading is a complex and challenging, many jump into Foreign exchange trading without having the necessary knowledge or experience. Those interested in trading should make sure they get adequately acquainted with the necessary information to fully understand the workings of the Foreign exchange markets. I also suggest that those interested in trading make use of demo accounts and get in plenty of trading practice, treating those accounts as if they were real money accounts. For some Forex trading is going to be a great opportunity to make a side income or grow an investment portfolio, others would do well to steer clear of trading and seek alternative lower risk investments
FOREX BAD SIDE
Playing Forex can appear alluring, but the majority of people who try
it lose money. All you have to do is do a web search on the words
"Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
INCOME FROM SPORT BETTING
Having supported myself solely through sportsbetting (mostly on NFL
football) for about a decade, and during that time interacting with a
lot of folks on both sides of the counter who helped me learn what it
takes to win, I can make several suggestions to the person serious about
making money betting on sports:
1. Bet with your head, not your heart.
There are reasons-cold, hard, dry, dull, mathematical, boring, logical reasons-for or against any bet you could make. A good way to lose is to let your emotions sway you from such reasons.
Don't bet on a team because you grew up rooting for them. Don't bet a game because it's televised. Don't bet more on Monday Night Football because you want to catch back what you lost over the weekend (or because you want to go for the big kill after a winning weekend). Don't hedge a bet because you have a psychological preference for safety. Don't bet a game because you haven't found anything to bet all day and it's getting late and you really wanted to gamble today. Don't bet a "teaser" just because it's a "fun" way to bet. Etc., etc.
If that kills it for you because it sounds too much like a job, then accept that you're a "recreational" bettor, and not destined to make money at this.
2. Learn math.
Simple addition, multiplication, division, fractions, percentages, etc. will handle a lot of what you need to do. But the more knowledge you have of probability and statistics and more advanced areas like that, the more you'll find it opening up new opportunities for you and enabling you to better exploit existing opportunities.
3. Realize that it takes money to make money.
A lot of the factors I'll talk about below are easier to do the more money you have. People with $100,000 to invest in sportsbetting can pursue a lot more strategies a lot more effectively than people with $1,000 to invest.
4. Have as many sportsbetting accounts as you can handle.
If you're playing with the neighborhood bookie, making all your bets with just one person or shop, that eliminates or lessens almost all the ways you can make money sportsbetting. So I'm assuming you have legal access to online sportsbooks. If so, don't pick one or two and put all your action in there. Pick ten or twenty or thirty. (When you're playing online, it's not unrealistic to manage that many. It's not like we're talking about running around on foot to dozens of Vegas sportsbooks in person.)
5. Be careful to use only the safest sportsbooks.
Don't open an account at a sportsbook just because you got a mailer in your mailbox, or a spam e-mail, or saw a banner ad, or saw a link in an online article. Go to the various sportsbetting forums online and research which places people recommend. Then research them further through Google or other means, looking to see if you can find anyone claiming them to be a scam or pulling anything underhanded. Call them and make sure you're comfortable with them before committing. After you join, keep your eyes open for further news on the forums and elsewhere so you can get out if it sounds like people are having bad experiences with them.
This is a largely unregulated area. So you have to do a lot more homework. There's no "Well I'm sure they wouldn't let them operate if they weren't on the level," or "I'm sure they wouldn't let them advertise if they were crooks." Sportsbooks range from legitimate companies roughly as safe as "conventional" big name businesses, to the equivalent of Nigerian e-mail scams, and everything in between.
6. Shop lines and shop odds.
The more accounts you have, the more you can shop. Don't make a bet at -4.5 when -4 is available. Don't make a bet at -120 when -115 is available. (-120 means the odds are such that you have to risk $120 to win $100; -115 means the odds are such that you have to risk $115 to win $100.) Often the difference is slight, but those pennies add up.
7. Learn how to scalp and middle.
If you have multiple accounts funded, you can sometimes come upon opportunities to play both sides of a bet at different places. So maybe you can get -3 on one team at one sportsbook and +4 on their opponent at another. (That's a "middle.") Or maybe you can get +180 on one team at one sportsbook and -175 on their opponent at another. (That's a "scalp.")
In effect, scalps and middles reverse the house edge to put you in the position of advantage.
8. Take bonuses.
Most online sportsbooks offer incentives and perks of various kinds to get business. The most common is a sign-up bonus on your initial deposit. A 20% sign-up bonus, for instance, means if you send them $1,000, instead of depositing $1,000 in your account, they'll deposit $1,200.
You can also sometimes get bonuses for subsequent deposits if you happen to lose your whole balance, referral bonuses for other customers who sign up that you recommended, and more.
Don't get too caught up in the "free money" and lose sight of whether these are places you'd want to play for other reasons (safety, good betting opportunities), but bonuses can be a nice boost to one's bottom line.
Some bonuses are of more complicated types, such as a "free play" instead of cash. Be sure to research how to use any such bonus, because there can be big differences in its value (that wouldn't be obvious to a beginner) depending on how you use it.
9. Don't buy "picks."
Total waste of money. Total scam. Success as a tout is all about marketing, not handicapping. Don't get caught up in that.
If you absolutely have to follow someone else's picks rather than do your own work, there are no shortage of handicappers on the sportsbetting forums who share their picks with each other and the public for free just because they enjoy this activity or it boosts their ego for people to see them pick winners. On average they're as good or better than the people trying to sell you their picks.
10. Research, crunch numbers.
For example, learn more than the betting public about how much a team's roster was helped by free agency or the draft, or how likely it is their injured starters will be able to play in their next game.
Learn whether it's better to take +7 at -110 odds, or +6.5 at even money. (Depends on how often games land right on 7. Find out.)
I knew a bettor who made a fortune betting "in game" or "in progress" wagers. (These are bets a few shops offer where you can continue betting throughout a game as the odds change.) How? He spent thousands of hours compiling meticulously detailed charts to match every game situation.
For example, let's say an NBA team is playing at home and is favored by 5. There are currently 7 minutes left in the 3rd quarter and they are up by 2. They are about to in bound the ball from center court. He could tell you in the history of the NBA, what percentage of the time a team falling under that description in precisely those circumstances went on to win by more than 5. (Which he could then adjust for unique circumstances like if a key player was injured during the game or was in foul trouble.)
How well do you think he did against the average bettor operating at the level of "I really like the Knicks here. They have the momentum; I think they're going to pull away"? Which would you rather be?
11. Look for obscure angles other people don't know about.
Years ago I remember a bettor who made a lot of money on golf telling me that a certain golf tournament has a tradition of making the pin placements particularly difficult on Day 4. So he'd look for shops offering props on individual golfer scores on that day, and bet the Over (remember, in golf low scores are better than high scores) on all of them.
When NASCAR first became a big sport, neither the betting public nor the oddsmakers were all that knowledgeable about the ins and outs of the sport. For awhile, they grossly underestimated the importance of the qualifying rounds. Drivers that qualified with the highest speeds barely had their odds adjusted for the race itself, whereas in reality their likelihood of doing well increased a lot more than that. So savvy bettors who knew that cashed in.
You want a really obscure one? I knew a bettor who found out awhile back that every season Shaquille O'Neal would dedicate a game to his grandmother on her birthday, and he would almost always put up big numbers that day. So each season, whatever game was played on or closest to that date, this guy would go to sportsbooks that put up basketball props, and he'd bet the Over on O'Neal points and rebounds and such, and he'd make a nice chunk of change.
How the heck would a person know about something like these? Well, when you treat this as your job, and you spend hours every day reading newspapers, reading websites, talking to other successful gamblers, etc., you find little nuggets.
12. Learn about all the non-conventional bet types.
There are times parlays are more advantageous than straight bets. Same with teasers. There are times it might make more sense to bet a half or a quarter than a whole game. Occasionally (rarely) it's to your advantageous to move the line by "buying points." And so on.
Find out what those occasions are and why.
If you limit yourself to making straight bets on whole games like 90% of gamblers, you'll miss all this.
13. Disregard all betting "systems" that purport to give you an edge by how you alter bet size.
You simply cannot overcome (or even change) a house edge against you by how you order your bets. (This is true of casino games like craps or roulette as well.) Any system of "double up after a loss, then start over at a win," or "bet one unit until you win at least three in a row, then bet 2 units until you lose two in a row, then bet one unit," or whatever is mathematical garbage. Period.
OK, we'll stop at a lucky 13.
Good luck with your wagering. But better yet, bet smart and let the luck take care of itself over the long run.
1. Bet with your head, not your heart.
There are reasons-cold, hard, dry, dull, mathematical, boring, logical reasons-for or against any bet you could make. A good way to lose is to let your emotions sway you from such reasons.
Don't bet on a team because you grew up rooting for them. Don't bet a game because it's televised. Don't bet more on Monday Night Football because you want to catch back what you lost over the weekend (or because you want to go for the big kill after a winning weekend). Don't hedge a bet because you have a psychological preference for safety. Don't bet a game because you haven't found anything to bet all day and it's getting late and you really wanted to gamble today. Don't bet a "teaser" just because it's a "fun" way to bet. Etc., etc.
If that kills it for you because it sounds too much like a job, then accept that you're a "recreational" bettor, and not destined to make money at this.
2. Learn math.
Simple addition, multiplication, division, fractions, percentages, etc. will handle a lot of what you need to do. But the more knowledge you have of probability and statistics and more advanced areas like that, the more you'll find it opening up new opportunities for you and enabling you to better exploit existing opportunities.
3. Realize that it takes money to make money.
A lot of the factors I'll talk about below are easier to do the more money you have. People with $100,000 to invest in sportsbetting can pursue a lot more strategies a lot more effectively than people with $1,000 to invest.
4. Have as many sportsbetting accounts as you can handle.
If you're playing with the neighborhood bookie, making all your bets with just one person or shop, that eliminates or lessens almost all the ways you can make money sportsbetting. So I'm assuming you have legal access to online sportsbooks. If so, don't pick one or two and put all your action in there. Pick ten or twenty or thirty. (When you're playing online, it's not unrealistic to manage that many. It's not like we're talking about running around on foot to dozens of Vegas sportsbooks in person.)
5. Be careful to use only the safest sportsbooks.
Don't open an account at a sportsbook just because you got a mailer in your mailbox, or a spam e-mail, or saw a banner ad, or saw a link in an online article. Go to the various sportsbetting forums online and research which places people recommend. Then research them further through Google or other means, looking to see if you can find anyone claiming them to be a scam or pulling anything underhanded. Call them and make sure you're comfortable with them before committing. After you join, keep your eyes open for further news on the forums and elsewhere so you can get out if it sounds like people are having bad experiences with them.
This is a largely unregulated area. So you have to do a lot more homework. There's no "Well I'm sure they wouldn't let them operate if they weren't on the level," or "I'm sure they wouldn't let them advertise if they were crooks." Sportsbooks range from legitimate companies roughly as safe as "conventional" big name businesses, to the equivalent of Nigerian e-mail scams, and everything in between.
6. Shop lines and shop odds.
The more accounts you have, the more you can shop. Don't make a bet at -4.5 when -4 is available. Don't make a bet at -120 when -115 is available. (-120 means the odds are such that you have to risk $120 to win $100; -115 means the odds are such that you have to risk $115 to win $100.) Often the difference is slight, but those pennies add up.
7. Learn how to scalp and middle.
If you have multiple accounts funded, you can sometimes come upon opportunities to play both sides of a bet at different places. So maybe you can get -3 on one team at one sportsbook and +4 on their opponent at another. (That's a "middle.") Or maybe you can get +180 on one team at one sportsbook and -175 on their opponent at another. (That's a "scalp.")
In effect, scalps and middles reverse the house edge to put you in the position of advantage.
8. Take bonuses.
Most online sportsbooks offer incentives and perks of various kinds to get business. The most common is a sign-up bonus on your initial deposit. A 20% sign-up bonus, for instance, means if you send them $1,000, instead of depositing $1,000 in your account, they'll deposit $1,200.
You can also sometimes get bonuses for subsequent deposits if you happen to lose your whole balance, referral bonuses for other customers who sign up that you recommended, and more.
Don't get too caught up in the "free money" and lose sight of whether these are places you'd want to play for other reasons (safety, good betting opportunities), but bonuses can be a nice boost to one's bottom line.
Some bonuses are of more complicated types, such as a "free play" instead of cash. Be sure to research how to use any such bonus, because there can be big differences in its value (that wouldn't be obvious to a beginner) depending on how you use it.
9. Don't buy "picks."
Total waste of money. Total scam. Success as a tout is all about marketing, not handicapping. Don't get caught up in that.
If you absolutely have to follow someone else's picks rather than do your own work, there are no shortage of handicappers on the sportsbetting forums who share their picks with each other and the public for free just because they enjoy this activity or it boosts their ego for people to see them pick winners. On average they're as good or better than the people trying to sell you their picks.
10. Research, crunch numbers.
For example, learn more than the betting public about how much a team's roster was helped by free agency or the draft, or how likely it is their injured starters will be able to play in their next game.
Learn whether it's better to take +7 at -110 odds, or +6.5 at even money. (Depends on how often games land right on 7. Find out.)
I knew a bettor who made a fortune betting "in game" or "in progress" wagers. (These are bets a few shops offer where you can continue betting throughout a game as the odds change.) How? He spent thousands of hours compiling meticulously detailed charts to match every game situation.
For example, let's say an NBA team is playing at home and is favored by 5. There are currently 7 minutes left in the 3rd quarter and they are up by 2. They are about to in bound the ball from center court. He could tell you in the history of the NBA, what percentage of the time a team falling under that description in precisely those circumstances went on to win by more than 5. (Which he could then adjust for unique circumstances like if a key player was injured during the game or was in foul trouble.)
How well do you think he did against the average bettor operating at the level of "I really like the Knicks here. They have the momentum; I think they're going to pull away"? Which would you rather be?
11. Look for obscure angles other people don't know about.
Years ago I remember a bettor who made a lot of money on golf telling me that a certain golf tournament has a tradition of making the pin placements particularly difficult on Day 4. So he'd look for shops offering props on individual golfer scores on that day, and bet the Over (remember, in golf low scores are better than high scores) on all of them.
When NASCAR first became a big sport, neither the betting public nor the oddsmakers were all that knowledgeable about the ins and outs of the sport. For awhile, they grossly underestimated the importance of the qualifying rounds. Drivers that qualified with the highest speeds barely had their odds adjusted for the race itself, whereas in reality their likelihood of doing well increased a lot more than that. So savvy bettors who knew that cashed in.
You want a really obscure one? I knew a bettor who found out awhile back that every season Shaquille O'Neal would dedicate a game to his grandmother on her birthday, and he would almost always put up big numbers that day. So each season, whatever game was played on or closest to that date, this guy would go to sportsbooks that put up basketball props, and he'd bet the Over on O'Neal points and rebounds and such, and he'd make a nice chunk of change.
How the heck would a person know about something like these? Well, when you treat this as your job, and you spend hours every day reading newspapers, reading websites, talking to other successful gamblers, etc., you find little nuggets.
12. Learn about all the non-conventional bet types.
There are times parlays are more advantageous than straight bets. Same with teasers. There are times it might make more sense to bet a half or a quarter than a whole game. Occasionally (rarely) it's to your advantageous to move the line by "buying points." And so on.
Find out what those occasions are and why.
If you limit yourself to making straight bets on whole games like 90% of gamblers, you'll miss all this.
13. Disregard all betting "systems" that purport to give you an edge by how you alter bet size.
You simply cannot overcome (or even change) a house edge against you by how you order your bets. (This is true of casino games like craps or roulette as well.) Any system of "double up after a loss, then start over at a win," or "bet one unit until you win at least three in a row, then bet 2 units until you lose two in a row, then bet one unit," or whatever is mathematical garbage. Period.
OK, we'll stop at a lucky 13.
Good luck with your wagering. But better yet, bet smart and let the luck take care of itself over the long run.
Thursday, August 13, 2009
HOW TO MAKE LEGITIMATE INCOME ONLINE HERE IN NIGERIA
The Internet has made it possible for us to leverage the opportunities it provides to make legitimate money doing business. We all are aware that it is possible to make money on the Internet in a fraudulent way, so it is possible to start an online business and make legitimate money, which is where my concern is.
It is also good that we start to create jobs and businesses for one self and not wait to be employed because to be sincere there are no jobs that can give you satisfaction and freedom like when you are doing ‘your own thing’. Here, am going to show you businesses you can start today on the internet and make money, even if you have a paid job you can still work part time and combine it with your job without stress. Let us first look at the advantages of doing business on the Internet.
Bill Gates ones said, “In some years to come, all businesses shall be on the net, you are either on the Internet or you are out of business”, this has started to happen in the developed parts of the world, even Nigeria as we can see now, the use of internet has improved tremendously over the last 5 years, your business has better advantage being on the net.
Some of the Advantages of doing business on the Internet.
1.It requires little or no start up capital: you can actually start an online business with little capital because this kind of business does not necessarily require an office or business premises, equipment, or things that make up your ordinary brick-and-mortar business (i.e. ordinary business), you just need internet access and about an hour or two, even from your bedroom, office, hotel room, cyber café etc.you can do business.
2.Anybody can do business on the Internet; I mean anybody can do it if you know what to do and how to do it, you must not be a computer guru, or a programmer, or web designer before you start doing business on the Internet. No special qualification is required, as long as you can read, type and move the mouse, you are already in the business.
3.It is a kind of business that gives you freedom, you can work anytime you want, at any place, and you can actually determine your income. You don’t need to work 9 to 5,you can work part time or full time, which means you can combine it with your normal job and make multiple streams of income that will make you financially free.
4.You can start this business with what you like to do, that is your passion. You don’t necessarily need a business plan. You can make money on the Internet with what you know, just anything can be business on the Internet you name it. Someone will always pay you for what you know. Simply put: do what you love and the money will follow.
5.The Internet gives you a wide reach to unlimited market. Your customers are unlimited and from different parts of the world. You can actually imagine the number of customers (targeted customers) you will have through the Internet. Think of how many people that is online now from different parts of the world, that is the limit of your reach.
6.This kind of business goes on automatically, that means you don’t have to be present all day to monitor the business. The business makes you money even when you are sleeping, yes! when you are sleeping or on vacation.
7.You have unlimited opportunities doing business on the Internet. You can also incorporate your offline business (normal business) that is if you have a business running now and establish a web presence for it and that gives you an edge.
8.There are little or no risks involved in this kind of business if you know what to do and how to do it. I must not fail to add here that like every business you need to be shrewd, focused and dedicated too.
There are other advantages, which can be derived from these main ones I have shown you here, of which many of us are aware.
Let us see the businesses you can start on the Internet now and make money.
Business as we know requires you to provide good services, ideas, products that the people are in need of. You can create your own product or leverage from the product of others. Some of the businesses you can do on the Internet here in Nigeria or anywhere with or without your own website using little or no start up capital are:
YAHOO AND GOOGLE AD WORD AND AD SENSE.
We all know what yahoo and google are, they are the biggest, most common and widely used search engines on the Internet today. We all use it to send mails, look for information, products and services on the internet, you can actually make money advertising your own product or help other people advertise there product on yahoo and google while you get paid for it. This exposes your product to unlimited number of people that use these search engines. This is one of the easiest ways to make money on the Internet. There are two ways you can do that using the Ad words and Ad sense. If you have ever searched for anything on the internet using yahoo or google you must have seen ad words and ad sense being used, they are those little adverts you see on the right hand side of the result of what you are searching, they are similar to what you are searching for, you can also see them in some personal sites, they are the ad word and ad sense am telling you about, you make money through them if you know what to do and how to do them. It is very simple to set up:
1.look for products, services, ideas you can sale online; it can be your own product or other people’s product. You can go to www.clickbank.com and click on earn commissions and see the array of products with commissions you can choose from. You can also use www.vstore.com and many other sites.
2.Sign up for free as a reseller.
3. Use yahoo and google to advertise the product you got from 1.above to the targeted and unlimited buyers that need the product.
4.Set up a medium from which you can collect your payment online, you can get paid by cheque, or through your normal bank account, account or collect your money through merchants here in Nigeria. At the end of every month you will be amazed at how much you have been able to make by people just clicking on your advert or even buying your product. It is as simply as that.
YOU CAN MAKE MONEY WRITING ARTICLES FOR WEBMASTERS AND WEBDEVELOPERS.
Writing articles that website developers use can make you money on the Internet, you get paid when you write as a freelancer or a ghoshwriter, you will be needed to write about 300-600 words or more than as the case may be. Webmasters need articles because they don’t have time to write them so they look for people that will write articles that are highly optimized in search engines, and they will pay them. It is one way to make money on the net. You have freedom to choose the niche or topic of your choice you can write well in. you can even write a whole book for people and get paid for it, You can get writing jobs at www.freelancewriting.com, www.articlemarketer.com and other sites.
YOU CAN CREATE YOUR OWN INFORMATION PRODUCT AND MAKE MONEY WITH IT
I told you earlier that you could make money from just ANYTHING you know and get paid for it; you can also leverage from what other people know and make money from it. You have unlimited opportunity to make money through your information products because everybody that comes to the internet is looking for some information so you can be the solution of what they are searching for, you know what I mean! These products can be in the form of e-books, newsletters, reports, how-to-do articles etc. Digital products as they are called, sell like hot cake on the Internet so this business puts money in your bank account at any point in time. You have no limit to the amount you can make on one information product because Information rules the world!
There are many other legitimate businesses you can do online and make money, you just need to start from somewhere and you will be amazed that you are now exposed to other online businesses, but basically this is a good way to start making money while you even browse and do your normal stuffs on the net at your pass time, and don’t just waste your time like that. You have nothing to lose!
How to start online business
Starting a successful online business has to do with your ability to discover what people want, their problems, and proffer solution to them. I want to use this space and time to enlighten you about some known facts which successful netpreneurs use which is hard to reveal, first of all you have to understand the reason why people come to the net, majority of people that browse the net are not looking for some stuffs to buy rather they are looking for a solution to their problem, they will pay anything to anyone that has the answer to their problem. like I have explained in my previous write ups here, you can make money online with what you know, or leverage from people that know,hey!let me quickly show you how best to start your online business.
Start with keyword research
Whatever type of online business you want to do, you need a thorough research about it, keyword is simply what people search for on the net, the words people type in search of in search engines like google and yahoo, these are words which are highly optimized by search engines, and they help you to discover the following
1. Helps you estimate and drive unlimited traffic to your website
2. Helps you know how many people are doing that kind of business on the net
3. How many sites have been developed on that particular keyword
4. How many people (customers or prospects) that are looking for your service, product.
5. How much you can pay to advertise your service to the world using the search engines and a lot more which you can determined through keyword research.
To sum it up keyword research shows you the POPULARITY, PRICE, AND COMPETITION (PPC) of the business you want to do on the net.
How to determine PPC
Several tools are available which can be used to determine this,the common ones are seen in yahoo and google sites.let us use the one of yahoo, go to www.searchmarketing.yahoo.com/rc/srch/
Click on keyword selector tool, type in any word you like e.g. gardening and click ok, you will be amazed at what you find out. What you have on your left is the number of times people searched for that keyword last month, and other words related to your keyword. this shows you the popularity of the keyword, more specialized analysis is required to determine the competition and how profitable that keyword is in the chosen niche, like the R/S ratio of the keyword where R is the result and S is the search, this is vital in knowing and choosing your online business.
THE SECRET OF SELLING ON THE INTERNET
The art of selling whether on the internet or offline is as old as man, it is a way of life, and there has always been a way of exchanging goods and services for monetary benefits. Selling on the internet is an art that should be mastered in order for one to excel in it; a lot of materials, CDs and e books are on the internet which teach on how to make sells, what am sharing with you here is a proven method that I use in making sells on the internet which most netpreneurs won’t teach you.
Selling is a stage in marketing in which your goods or services are being offered to customers in exchange of money, it should be a relationship rather than ordinary sales.
There are two different ways in which prospective customers can see your product, there is one in which you have to send messages, adverts and even look for your prospects on the net, this is called the out bound marketing, here you are trying to let people know what you are offering them, most times they are not really in need of your product.
The other method is the inbound marketing where your customers will have to beg you with there money to have your product, I know you are thinking now how can a customer beg for a product? yes!it happens with marketing gurus who have mastered the art, Actually the first time I heard that people can beg you for online products I felt the same way you are feeling now until I saw it been demonstrated by my mentor,
I also have had the opportunity of prospects calling me to have my product. Which of the two methods do you prefer? I know you will surely want a situation where people will call to have your product and not you looking out for them. The secret about it is simple, chose a profitable niche and presell your customers.
Finding a profitable niche
This involves selecting the area you intend to go into, you must find your prospects ever before creating your product or service. This is the most important thing to do, here you make use of the search engines like yahoo and google to know how profitable your area of interest is, I have dealt extensively on this topic in my previous article about online business,you can check that out.
Presell your customers
After you must have chosen a niche and packaged your product, please don’t ask your prospects to buy at this time rather you need to presell your product to them first, preselling involves giving your prospects FREE information about your product, you have to make them understand what they stand to get from using your product i.e. the benefits in your product.This should be clearly written and outlined in an article. Everything about your product should be fully explained, this is aimed at building up the confidence of your prospect, the article or e book should answer the following questions on the customers mind.
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It is also good that we start to create jobs and businesses for one self and not wait to be employed because to be sincere there are no jobs that can give you satisfaction and freedom like when you are doing ‘your own thing’. Here, am going to show you businesses you can start today on the internet and make money, even if you have a paid job you can still work part time and combine it with your job without stress. Let us first look at the advantages of doing business on the Internet.
Bill Gates ones said, “In some years to come, all businesses shall be on the net, you are either on the Internet or you are out of business”, this has started to happen in the developed parts of the world, even Nigeria as we can see now, the use of internet has improved tremendously over the last 5 years, your business has better advantage being on the net.
Some of the Advantages of doing business on the Internet.
1.It requires little or no start up capital: you can actually start an online business with little capital because this kind of business does not necessarily require an office or business premises, equipment, or things that make up your ordinary brick-and-mortar business (i.e. ordinary business), you just need internet access and about an hour or two, even from your bedroom, office, hotel room, cyber café etc.you can do business.
2.Anybody can do business on the Internet; I mean anybody can do it if you know what to do and how to do it, you must not be a computer guru, or a programmer, or web designer before you start doing business on the Internet. No special qualification is required, as long as you can read, type and move the mouse, you are already in the business.
3.It is a kind of business that gives you freedom, you can work anytime you want, at any place, and you can actually determine your income. You don’t need to work 9 to 5,you can work part time or full time, which means you can combine it with your normal job and make multiple streams of income that will make you financially free.
4.You can start this business with what you like to do, that is your passion. You don’t necessarily need a business plan. You can make money on the Internet with what you know, just anything can be business on the Internet you name it. Someone will always pay you for what you know. Simply put: do what you love and the money will follow.
5.The Internet gives you a wide reach to unlimited market. Your customers are unlimited and from different parts of the world. You can actually imagine the number of customers (targeted customers) you will have through the Internet. Think of how many people that is online now from different parts of the world, that is the limit of your reach.
6.This kind of business goes on automatically, that means you don’t have to be present all day to monitor the business. The business makes you money even when you are sleeping, yes! when you are sleeping or on vacation.
7.You have unlimited opportunities doing business on the Internet. You can also incorporate your offline business (normal business) that is if you have a business running now and establish a web presence for it and that gives you an edge.
8.There are little or no risks involved in this kind of business if you know what to do and how to do it. I must not fail to add here that like every business you need to be shrewd, focused and dedicated too.
There are other advantages, which can be derived from these main ones I have shown you here, of which many of us are aware.
Let us see the businesses you can start on the Internet now and make money.
Business as we know requires you to provide good services, ideas, products that the people are in need of. You can create your own product or leverage from the product of others. Some of the businesses you can do on the Internet here in Nigeria or anywhere with or without your own website using little or no start up capital are:
YAHOO AND GOOGLE AD WORD AND AD SENSE.
We all know what yahoo and google are, they are the biggest, most common and widely used search engines on the Internet today. We all use it to send mails, look for information, products and services on the internet, you can actually make money advertising your own product or help other people advertise there product on yahoo and google while you get paid for it. This exposes your product to unlimited number of people that use these search engines. This is one of the easiest ways to make money on the Internet. There are two ways you can do that using the Ad words and Ad sense. If you have ever searched for anything on the internet using yahoo or google you must have seen ad words and ad sense being used, they are those little adverts you see on the right hand side of the result of what you are searching, they are similar to what you are searching for, you can also see them in some personal sites, they are the ad word and ad sense am telling you about, you make money through them if you know what to do and how to do them. It is very simple to set up:
1.look for products, services, ideas you can sale online; it can be your own product or other people’s product. You can go to www.clickbank.com and click on earn commissions and see the array of products with commissions you can choose from. You can also use www.vstore.com and many other sites.
2.Sign up for free as a reseller.
3. Use yahoo and google to advertise the product you got from 1.above to the targeted and unlimited buyers that need the product.
4.Set up a medium from which you can collect your payment online, you can get paid by cheque, or through your normal bank account, account or collect your money through merchants here in Nigeria. At the end of every month you will be amazed at how much you have been able to make by people just clicking on your advert or even buying your product. It is as simply as that.
YOU CAN MAKE MONEY WRITING ARTICLES FOR WEBMASTERS AND WEBDEVELOPERS.
Writing articles that website developers use can make you money on the Internet, you get paid when you write as a freelancer or a ghoshwriter, you will be needed to write about 300-600 words or more than as the case may be. Webmasters need articles because they don’t have time to write them so they look for people that will write articles that are highly optimized in search engines, and they will pay them. It is one way to make money on the net. You have freedom to choose the niche or topic of your choice you can write well in. you can even write a whole book for people and get paid for it, You can get writing jobs at www.freelancewriting.com, www.articlemarketer.com and other sites.
YOU CAN CREATE YOUR OWN INFORMATION PRODUCT AND MAKE MONEY WITH IT
I told you earlier that you could make money from just ANYTHING you know and get paid for it; you can also leverage from what other people know and make money from it. You have unlimited opportunity to make money through your information products because everybody that comes to the internet is looking for some information so you can be the solution of what they are searching for, you know what I mean! These products can be in the form of e-books, newsletters, reports, how-to-do articles etc. Digital products as they are called, sell like hot cake on the Internet so this business puts money in your bank account at any point in time. You have no limit to the amount you can make on one information product because Information rules the world!
There are many other legitimate businesses you can do online and make money, you just need to start from somewhere and you will be amazed that you are now exposed to other online businesses, but basically this is a good way to start making money while you even browse and do your normal stuffs on the net at your pass time, and don’t just waste your time like that. You have nothing to lose!
How to start online business
Starting a successful online business has to do with your ability to discover what people want, their problems, and proffer solution to them. I want to use this space and time to enlighten you about some known facts which successful netpreneurs use which is hard to reveal, first of all you have to understand the reason why people come to the net, majority of people that browse the net are not looking for some stuffs to buy rather they are looking for a solution to their problem, they will pay anything to anyone that has the answer to their problem. like I have explained in my previous write ups here, you can make money online with what you know, or leverage from people that know,hey!let me quickly show you how best to start your online business.
Start with keyword research
Whatever type of online business you want to do, you need a thorough research about it, keyword is simply what people search for on the net, the words people type in search of in search engines like google and yahoo, these are words which are highly optimized by search engines, and they help you to discover the following
1. Helps you estimate and drive unlimited traffic to your website
2. Helps you know how many people are doing that kind of business on the net
3. How many sites have been developed on that particular keyword
4. How many people (customers or prospects) that are looking for your service, product.
5. How much you can pay to advertise your service to the world using the search engines and a lot more which you can determined through keyword research.
To sum it up keyword research shows you the POPULARITY, PRICE, AND COMPETITION (PPC) of the business you want to do on the net.
How to determine PPC
Several tools are available which can be used to determine this,the common ones are seen in yahoo and google sites.let us use the one of yahoo, go to www.searchmarketing.yahoo.com/rc/srch/
Click on keyword selector tool, type in any word you like e.g. gardening and click ok, you will be amazed at what you find out. What you have on your left is the number of times people searched for that keyword last month, and other words related to your keyword. this shows you the popularity of the keyword, more specialized analysis is required to determine the competition and how profitable that keyword is in the chosen niche, like the R/S ratio of the keyword where R is the result and S is the search, this is vital in knowing and choosing your online business.
THE SECRET OF SELLING ON THE INTERNET
The art of selling whether on the internet or offline is as old as man, it is a way of life, and there has always been a way of exchanging goods and services for monetary benefits. Selling on the internet is an art that should be mastered in order for one to excel in it; a lot of materials, CDs and e books are on the internet which teach on how to make sells, what am sharing with you here is a proven method that I use in making sells on the internet which most netpreneurs won’t teach you.
Selling is a stage in marketing in which your goods or services are being offered to customers in exchange of money, it should be a relationship rather than ordinary sales.
There are two different ways in which prospective customers can see your product, there is one in which you have to send messages, adverts and even look for your prospects on the net, this is called the out bound marketing, here you are trying to let people know what you are offering them, most times they are not really in need of your product.
The other method is the inbound marketing where your customers will have to beg you with there money to have your product, I know you are thinking now how can a customer beg for a product? yes!it happens with marketing gurus who have mastered the art, Actually the first time I heard that people can beg you for online products I felt the same way you are feeling now until I saw it been demonstrated by my mentor,
I also have had the opportunity of prospects calling me to have my product. Which of the two methods do you prefer? I know you will surely want a situation where people will call to have your product and not you looking out for them. The secret about it is simple, chose a profitable niche and presell your customers.
Finding a profitable niche
This involves selecting the area you intend to go into, you must find your prospects ever before creating your product or service. This is the most important thing to do, here you make use of the search engines like yahoo and google to know how profitable your area of interest is, I have dealt extensively on this topic in my previous article about online business,you can check that out.
Presell your customers
After you must have chosen a niche and packaged your product, please don’t ask your prospects to buy at this time rather you need to presell your product to them first, preselling involves giving your prospects FREE information about your product, you have to make them understand what they stand to get from using your product i.e. the benefits in your product.This should be clearly written and outlined in an article. Everything about your product should be fully explained, this is aimed at building up the confidence of your prospect, the article or e book should answer the following questions on the customers mind.
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ONLINE ADVERTISING
ONLINE ADVERTISING
How to be making a steady N150, 000.00 every month as an online freelance advertising foreign company’s products or services on Nigeria Newspaper
Who is a freelance Advertising Agent?
A freelance Advertising agent is a person that acts between a company and an advertising media. His job is to select an advertising media for a company that wants to advertise her product to her target audience or general audience. He will not only select this media, he is also to formulate or design how the advert will look like on selected Advertising media, be it on newspaper, electronic mediums (Television, radio) Internet etc.
How to make money as an advertising agent advertising foreign companies products or service on Nigeria.
NEWSPAPERS
With the advent of the Internet, the world have become a global village, companies all over the world are looking for ways to market and sell their products internationally you can be making at least N150,000 every month advertising foreign companies’ products and services on Nigerian advertising mediums like Newspapers, Radio programs, Television or a local website that so many Nigerians are visiting, but how?
There are millions of foreign companies with robust presence on the Internet that are looking for publicity. They are constantly seeking for ways to make their services exposed known to the whole wide world. Your job will be to meet as many foreign companies who you think Nigerians can patronize/buy their products and propose to them on advertising their product and or services on a Newspaper in Nigeria.
You are going to become an advertising agent between a foreign company that wants to advertise her product or services on Nigeria Newspaper and the Newspaper company that you want to place the advert on.
How to become an advertising agent for foreign companies
To become an advertising agent to any foreign company you to take steps.
STEP 1
Find out the advertising rates or fee of all National Newspaper in Nigeria -
You will have to research and know the current price of advertisement for all newspapers. You will have to know how much The Punch newspaper, Guardian and Financial Standard etc. are charging for a quarter, half and full page advert plus other small space adverts
STEPS 2
You must create a website for your self where foreign companies will get to know you and services –
You only need N10,000 to create this kind of website.
On this website, you have to place your picture on it. The is the benefit of the service you are rending, that is the benefit of advertising on Nigeria Newspapers, your charges and company, the process they will go through before you can help them to advertise on a Nigerian newspaper.
Step 2
This is the most important step you must take towards becoming an advertising agent to a foreign company/companies because your website is the marketing tool through which you will make yourself and your services known to the whole would (to design your website call Ifeanyi on 08033038388)
STEPS 3
You must open a domiciliary Account in the name of your company –
in other words you must have a registered business name before you can start this business, it will only cost you N5,000 to register your company with the Corporate Affairs Commission of Nigeria at no 11 Billings way street oregun Lagos however.
For more details on how you can open a domiciliary account with any bank almost free call 08033038388 or 08057831600
HOW TO GET FOREIGN COMPANIES THAT CAN ADVERTISE ON NIGERIA NEWSPAPER
Once you have your own website as described earlier, it is time to start marketing your small company and business as a freelance advertising agent to all foreign companies that you can think can advertise their products and or services on Nigerian Newspaper.
In case you don’t know what type of foreign company can advertise, let me open your mind by showing some type of foreign businesses that can be advertised on Nigeria Newspaper.
(1)Website that sells business information
(2) Website that sells phone and accessories
(3) Website that sells real Estate Website
(4) Website that sells books
Websites that sells software
In short any website that sells product, service or ideas that can be easily downloaded or imported to Nigeria. Books can be imported through DHL, the same thing with phones, softwares and eBooks can be downloaded.
You have to make a research through goggle to search for business or foreign companies that you think have products and or services that can be advertised on Nigeria Newspaper. There are thousands of foreign companies on that Internet that will want their products and or services advertised to Nigerians, the largest market in Africa
HOW TO CONVINCE FOREIGN COMPANIES TO ADVERTISE THEIR PRODUCT AND OR SERVICES ON NIGERIA NEWSPAPERS
In any business that you find yourself or willing to do, your ability to market your services or products to your target audience is the key to business success.
“You must make your business known through aggressive and convincing marketing strategies”
To convince foreign companies to advertise their product on Nigeria Newspapers you must take the following steps
STEP 1
Search, identify and write down the email addresses and phone numbers of foreign companies that you think can have their products or services advertised on Nigeria Newspaper.
STEP 2
Write a proposal to them, telling them they can make a lot of money by helping them to advertise their products and or services on Nigeria Newspaper.
In this proposal you are going to mention the economic benefits they will get by advertising their business to Nigerians, Nigeria a country of 140 million people population in case you don’t know how to such proposal call lfeanyi on 08033038388 he will help you to write such business proposal.
On the business proposal, you will put your website address and all other contact details and ask your proposed foreign companies to visit your website so that they can know wore about you, that’s why you have to call Ifeanyi on 08033038388 so that he can help you design a good and convincing website you with just N10,000.
The more you market you business to your target audience, the more you will get foreign companies that will be interested in your offer and be willing to take the risk to try you out.
For you get 20 foreign companies that you will be advertising every month, you have to market to at least hundreds of companies in a month. If you are truly serious about this business you can search for 500 companies within 3days and also propose to all of them in 2 days making 5 working days. All you have you do is to check your e-mail everyday for response and charge your phone 24hrs a day for any call that might come in.
If you market and propose to at least 500 foreign companies based on my experience you will get response from at least 20 foreign companies who will be interested in your offer and eventually do business with you.
“You see, making money is about numbers, the higher the number of foreign companies you propose to, the more you will see foreign companies who will be interested in your proposal”
HOW TO MAKE MONEY FROM THIS BUSINESS
By standards and by law you are to collect 10% parent of the total cost of advertisement you placed for any company.
Let as assume you want to place an advert that cost N50,000 for a foreign company, then the bill you are going to charge them is N55,000. The N5,000 is your own gain. Therefore, for every business you do for any foreign company you are entitled by law and standard to 10% percent of that cost of advertisement as your service charge which is your profit.
That is why you have to find out more about current advertising rate of major national newspapers companies in Nigeria.
ILLUSTRATION
Let us assume that from your vigorous and non-stop marketing you are able to get 20 companies that wants to advertise on Nigerian newspaper at N55,000 which is about $400 (price at the prevailing exchange rate as the time of this business manual) which they can easily afford.
For getting 20 foreign companies that wants to advertise means you are going to make
N5,000 x 20
= N100,000 from all those company in a month.
Less N20,000 for browsing and international phone calls
That leaves a balance of N80,000 net profit,
Isn’t that a cool deal?
However, for you to get such to foreign companies every month you have to market, market and market your business. “Marketing is the key if you must succeed in this business”
HOW TO MAKING 20 PERCENT PROFITS ON ANY ADVERT YOU PLACE FOR ANY FOREIGN COMPANY
“For you to be making 20 percent net profit on any rate of advertisement you place for any foreign company means you have to propose to at all major newspaper company in Nigeria that you wish to be bringing business for their of which you will be given 10% on any business you bring”
You are going to propose to the marketing manager of such newspaper companies or electronic media companies they will definitely accept and approve your proposal because they know you want to make money for them.
To write such proposal call Ifeanyi on 08033038388.
Using this approach means you will be making N5,000 from these foreign companies and you will also be making another N5,000 from the newspaper companies or electronic media companies totaling N10,000.00 and if you can find 20 companies every month that is N200,000.00 net profit for you isn’t this a deal worth working on?
BILLING THE FOREIGN COMPANIES
All your negotiation with these foreign companies will almost all the time be via email of your website.
You are going to cost the entire advertising rate in your proposal which is why you have to call ifeanyi on 08033038388 or so that he can put you through
Conclusion
Making money from this kind of Internet/online business is real it’s just that the business is not yet common in Nigeria but very common in South Africa and Zimbabwe.
If foreign companies can be advertising on newspapers and on electronic media in South Africa and Zimbabwe that are not as populous as Nigeria, a country of 140 million people, then why cant you provide that service which I can tell you will be highly welcomed by these companies.
You have almost nothing to loose, why? you need just N10,000 – N15,000 to start this business. Why not take the initiative, break the inertia and start this business. It’s yours for taking.
You should be informed that we are living in an information age where crazy, off-the-board; out-of-this-world ideas work.
Moreover, the world is now a global village; business transaction can no longer be restricted to borders and by borders. Thank God for the Internet
The Internet remains the only tool an average person man can make use of to leverage himself to become a millionaire within a few month investing little or no capital.
There is money on the Internet. You can become a millionaire within 6 months as a freelance advertising agent that specializes in advertising foreign companies on Nigeria newspapers or electronic media.
Start this business now and start making cool money, you don’t have to get an Internet access, you can be operating from any cyber cafe.
How to be making a steady N150, 000.00 every month as an online freelance advertising foreign company’s products or services on Nigeria Newspaper
Who is a freelance Advertising Agent?
A freelance Advertising agent is a person that acts between a company and an advertising media. His job is to select an advertising media for a company that wants to advertise her product to her target audience or general audience. He will not only select this media, he is also to formulate or design how the advert will look like on selected Advertising media, be it on newspaper, electronic mediums (Television, radio) Internet etc.
How to make money as an advertising agent advertising foreign companies products or service on Nigeria.
NEWSPAPERS
With the advent of the Internet, the world have become a global village, companies all over the world are looking for ways to market and sell their products internationally you can be making at least N150,000 every month advertising foreign companies’ products and services on Nigerian advertising mediums like Newspapers, Radio programs, Television or a local website that so many Nigerians are visiting, but how?
There are millions of foreign companies with robust presence on the Internet that are looking for publicity. They are constantly seeking for ways to make their services exposed known to the whole wide world. Your job will be to meet as many foreign companies who you think Nigerians can patronize/buy their products and propose to them on advertising their product and or services on a Newspaper in Nigeria.
You are going to become an advertising agent between a foreign company that wants to advertise her product or services on Nigeria Newspaper and the Newspaper company that you want to place the advert on.
How to become an advertising agent for foreign companies
To become an advertising agent to any foreign company you to take steps.
STEP 1
Find out the advertising rates or fee of all National Newspaper in Nigeria -
You will have to research and know the current price of advertisement for all newspapers. You will have to know how much The Punch newspaper, Guardian and Financial Standard etc. are charging for a quarter, half and full page advert plus other small space adverts
STEPS 2
You must create a website for your self where foreign companies will get to know you and services –
You only need N10,000 to create this kind of website.
On this website, you have to place your picture on it. The is the benefit of the service you are rending, that is the benefit of advertising on Nigeria Newspapers, your charges and company, the process they will go through before you can help them to advertise on a Nigerian newspaper.
Step 2
This is the most important step you must take towards becoming an advertising agent to a foreign company/companies because your website is the marketing tool through which you will make yourself and your services known to the whole would (to design your website call Ifeanyi on 08033038388)
STEPS 3
You must open a domiciliary Account in the name of your company –
in other words you must have a registered business name before you can start this business, it will only cost you N5,000 to register your company with the Corporate Affairs Commission of Nigeria at no 11 Billings way street oregun Lagos however.
For more details on how you can open a domiciliary account with any bank almost free call 08033038388 or 08057831600
HOW TO GET FOREIGN COMPANIES THAT CAN ADVERTISE ON NIGERIA NEWSPAPER
Once you have your own website as described earlier, it is time to start marketing your small company and business as a freelance advertising agent to all foreign companies that you can think can advertise their products and or services on Nigerian Newspaper.
In case you don’t know what type of foreign company can advertise, let me open your mind by showing some type of foreign businesses that can be advertised on Nigeria Newspaper.
(1)Website that sells business information
(2) Website that sells phone and accessories
(3) Website that sells real Estate Website
(4) Website that sells books
Websites that sells software
In short any website that sells product, service or ideas that can be easily downloaded or imported to Nigeria. Books can be imported through DHL, the same thing with phones, softwares and eBooks can be downloaded.
You have to make a research through goggle to search for business or foreign companies that you think have products and or services that can be advertised on Nigeria Newspaper. There are thousands of foreign companies on that Internet that will want their products and or services advertised to Nigerians, the largest market in Africa
HOW TO CONVINCE FOREIGN COMPANIES TO ADVERTISE THEIR PRODUCT AND OR SERVICES ON NIGERIA NEWSPAPERS
In any business that you find yourself or willing to do, your ability to market your services or products to your target audience is the key to business success.
“You must make your business known through aggressive and convincing marketing strategies”
To convince foreign companies to advertise their product on Nigeria Newspapers you must take the following steps
STEP 1
Search, identify and write down the email addresses and phone numbers of foreign companies that you think can have their products or services advertised on Nigeria Newspaper.
STEP 2
Write a proposal to them, telling them they can make a lot of money by helping them to advertise their products and or services on Nigeria Newspaper.
In this proposal you are going to mention the economic benefits they will get by advertising their business to Nigerians, Nigeria a country of 140 million people population in case you don’t know how to such proposal call lfeanyi on 08033038388 he will help you to write such business proposal.
On the business proposal, you will put your website address and all other contact details and ask your proposed foreign companies to visit your website so that they can know wore about you, that’s why you have to call Ifeanyi on 08033038388 so that he can help you design a good and convincing website you with just N10,000.
The more you market you business to your target audience, the more you will get foreign companies that will be interested in your offer and be willing to take the risk to try you out.
For you get 20 foreign companies that you will be advertising every month, you have to market to at least hundreds of companies in a month. If you are truly serious about this business you can search for 500 companies within 3days and also propose to all of them in 2 days making 5 working days. All you have you do is to check your e-mail everyday for response and charge your phone 24hrs a day for any call that might come in.
If you market and propose to at least 500 foreign companies based on my experience you will get response from at least 20 foreign companies who will be interested in your offer and eventually do business with you.
“You see, making money is about numbers, the higher the number of foreign companies you propose to, the more you will see foreign companies who will be interested in your proposal”
HOW TO MAKE MONEY FROM THIS BUSINESS
By standards and by law you are to collect 10% parent of the total cost of advertisement you placed for any company.
Let as assume you want to place an advert that cost N50,000 for a foreign company, then the bill you are going to charge them is N55,000. The N5,000 is your own gain. Therefore, for every business you do for any foreign company you are entitled by law and standard to 10% percent of that cost of advertisement as your service charge which is your profit.
That is why you have to find out more about current advertising rate of major national newspapers companies in Nigeria.
ILLUSTRATION
Let us assume that from your vigorous and non-stop marketing you are able to get 20 companies that wants to advertise on Nigerian newspaper at N55,000 which is about $400 (price at the prevailing exchange rate as the time of this business manual) which they can easily afford.
For getting 20 foreign companies that wants to advertise means you are going to make
N5,000 x 20
= N100,000 from all those company in a month.
Less N20,000 for browsing and international phone calls
That leaves a balance of N80,000 net profit,
Isn’t that a cool deal?
However, for you to get such to foreign companies every month you have to market, market and market your business. “Marketing is the key if you must succeed in this business”
HOW TO MAKING 20 PERCENT PROFITS ON ANY ADVERT YOU PLACE FOR ANY FOREIGN COMPANY
“For you to be making 20 percent net profit on any rate of advertisement you place for any foreign company means you have to propose to at all major newspaper company in Nigeria that you wish to be bringing business for their of which you will be given 10% on any business you bring”
You are going to propose to the marketing manager of such newspaper companies or electronic media companies they will definitely accept and approve your proposal because they know you want to make money for them.
To write such proposal call Ifeanyi on 08033038388.
Using this approach means you will be making N5,000 from these foreign companies and you will also be making another N5,000 from the newspaper companies or electronic media companies totaling N10,000.00 and if you can find 20 companies every month that is N200,000.00 net profit for you isn’t this a deal worth working on?
BILLING THE FOREIGN COMPANIES
All your negotiation with these foreign companies will almost all the time be via email of your website.
You are going to cost the entire advertising rate in your proposal which is why you have to call ifeanyi on 08033038388 or so that he can put you through
Conclusion
Making money from this kind of Internet/online business is real it’s just that the business is not yet common in Nigeria but very common in South Africa and Zimbabwe.
If foreign companies can be advertising on newspapers and on electronic media in South Africa and Zimbabwe that are not as populous as Nigeria, a country of 140 million people, then why cant you provide that service which I can tell you will be highly welcomed by these companies.
You have almost nothing to loose, why? you need just N10,000 – N15,000 to start this business. Why not take the initiative, break the inertia and start this business. It’s yours for taking.
You should be informed that we are living in an information age where crazy, off-the-board; out-of-this-world ideas work.
Moreover, the world is now a global village; business transaction can no longer be restricted to borders and by borders. Thank God for the Internet
The Internet remains the only tool an average person man can make use of to leverage himself to become a millionaire within a few month investing little or no capital.
There is money on the Internet. You can become a millionaire within 6 months as a freelance advertising agent that specializes in advertising foreign companies on Nigeria newspapers or electronic media.
Start this business now and start making cool money, you don’t have to get an Internet access, you can be operating from any cyber cafe.
BUILDING A SUCCESSFUL BUSINESS FROM WEB TRENDS
BUILDING A SUCCESSFUL BUSINESS FROM WEB TRENDS
The way business is done today is quite different from what it used to be several years ago.
Successful businesses that have stood the test of time are those that have always followed the trend.
With the technological advancements today, business is done at the speed of thought. Relevant information is now at the tips of any knowledge- driven entrepreneur or manager. It is quite easier now for one to build a successful business especially using the Internet as a tool.
One of the ways in which you can build a great business is by following the Web trend. The Internet has really changed the way business is done today; many still have not come to the realization of this fact.
This article is meant to show you what the trends are online, businesses that have benefited from the trend and what the future trends would be. As an effective manager, you will need to fashion your business towards these ideas.
What is a Web Trend?
A web trend is simply the various ways the internet is used as a business solution. It is the pattern of doing business on the web at any given period. Web trend can also be regarded as the current era of the web, what is in vogue online. This is determined by what the Internet users want and how they want it. Right now web users are yawning for high personalization online. They need particular and specialized services as the day goes on.
If you can determine what millions of people using the web want, and you give it to them the way they want it at a good price regularly, you will be successful online. This is the secret of online wealth creation.
With the web trends you can build a new business to serve the need or adapt your already existing business to suit the trend.
The Current Era of the Web and its Business Potentials
Presently, the Web is mostly accessed via a computer. The Internet has gradually changed from not only being an information center to being a business center.
The current era of the Web for business purposes is known as the Web 2.0 era. This is a term used to describe the trend in the use of the Internet these days which enhances creativity and information sharing for business and personal purposes.
According to Tim O’Reilly (an Internet technology expert):”Web 2.0 is the business revolution in the computer industry caused by the move to the internet platform, and an attempt to understand the rules for success on that new platform.”
Web 2.0 is not a technical update in internet technology rather it is the change that has occurred in the way businesses are fashioned on the Internet to suit the end-user and solve problems better.
Some of the characteristics of this era, include; rich user interface and experience, High level of user participation, dynamic contents, scalability (ability to grow within a short period), openness, freedom, collective intelligence.
The features of this trend are social networking for business and relationship, this brought about the success of social networking websites like myspace.com, facebook.com and others.
This is the era of search engine growth like the Google, Yahoo!, Live search and other search engines. It is an era of online media examples are the Youtube (a video website) Flickr –a picture sharing web community. This is also the time for great e-commerce breakthroughs like the Amazon.com, Ebay.We also have Wikis, Weblogs, Forums.
As the present trend is the determinate of what type of business thrives online, if you build your business around these features of web 2.0 you will make a fortune online.
Use Emerging Web trends to Build Your Business
Going by what the times are, in a short the computer will not be the only tool to access the Web. The Internet will mainly be accessed through mobile devices e.g. (the iphone) and even through television sets e.g. the Xbox live 360.
The internet will basically be incorporated into everything we do and we will live a weblifestyle.Build your online business are the following future trends.
Mobile Web
Rich internet applications will be incorporated into mobile devices. This is already a big business in parts of Asia, Europe and the US. The internet will be accesses via mobile devices providing personalities services like online shopping, social networking, and finding directions.
This is going to bring collaboration between mobile operators and Internet companies. This will bring great mobile devices more powerful than what we have already. Businesses like mobile advertisement and other mobile related businesses will thrive.
Online Video/Internet TV
This is a trend that has already exploded on the web in some developed nations. This will bring about the advent of Internet TV stations, terrestrial TV stations will have to adapt then.
International Web Market
The use of Internet in Africa, India, and China will improve tremendously in no distance time because statistics have shown that the web 2.0 websites are mainly used by people from these nations. As a result of this, Nigeria will become an international web market giving netpreneurs and businesses great opportunities.
Websites as Web Services
In the near future, websites will transform into offering web services beyond online. The computer and the Internet will have an artificial intelligence that will be used to solve human problems faster and better than we have now.
In conclusion, you should know that the future of web-based businesses in Nigeria is bright. Though we have several limitations especially the high cost of internet access to Nigerians.
If the Nigeria Communication Satellite (NIGCOMSAT) which is supposed to provide Nigerians with affordable Internet services is fully deployed and is working, the these trends will be achieved with reduced stress and expenses.
Think of ways you can follow the trend and build your own empire like the yahoos! of today.
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