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Showing posts with label Start up. Show all posts
Showing posts with label Start up. Show all posts

Monday, January 18, 2021

Ways Of Reviving Your Failing Business



Starting a business is one thing and keeping it going it another. It is not easy starting a business considering the ups and downs associated with it. Therefore, taking good care of your business is a must if you actually want your business to keep going and be productive. There are many business startups today that could not continue due to one or more reasons. 


There are several reasons a business can fail after few months of successful start up. Some of them include: poor/inappropriate location, poor product quality, high or too low price/cost, poor management, government interference, natural or man-made incidents, among other factors. Where some of these factors are very much avoidable, some are not and as a business owner, you must put things in order to ensure continuity of your business.


Related post: How to start oil and gas marketing and distribution business in Nigeria without capital


However, for any reason your business  failed, you can revive your business by following one or more of the steps below.


Find Out The Cause Of The Failure:

When your are able to find out the root cause why your business is dying, you are on the right track of reviving your business back to life. There is always a cause for your dying business, focus all your energy in identifying that problem and I tell you, your business problem will be half solved when you are able to identify the problem. As mentioned above, there are many factors that can cause a business to start declining in profit/sales or in danger of dying out. Identify the one that is the cause of your own business epileptic performance and taking the right steps in getting it resolved is not negotiable. Where possible, seek help outside.


Look At Your Finances:

One of the major factor that can cause a business to start dying out is lack of proper management of your business fund. When you channel all your personal problem to your small business, your business is bound to fail. Ensure that your business fund is only meant for your business. If you are to make use of your business fund for personal issues, place yourself on monthly salary. Ensure that the salary is from your net profit, but do not use all your net profit, ensure you plug back not less than 30% of your net profit back to your business to ensure growth. In addition, the personnel managing your business fund and your entire business area must be prudent. Otherwise, change the personnel.


Location:

Your business could be dying due to poor location settings. Customers only want to patronize businesses that are easily accessible. No matter how good your product or services are, if you are not in accessible location, your business is bound to fail. Your business must be located close to where prospect are. Depending on your business type, it must be in the right location, where there is market for it, locate your business in the area where people who will be needing your product/ services can easily find you. A place with straight forward address. Also, your business should be located in the area where there is good road network, constant power and security. It must not block the road or too close to the road as to cause obstruction to avoid government inference.


Related post: How I make money daily trading Bitcoin on Luno Exchange platform.


Product/Service Quality:

Good product quality is very important in ensuring the continuity of your business. You don't expect a customer to return to your outlet when he/she got a bad quality product from you before. Good quality product will make customers to return to your business outlet for more and also, will bring referrals to you. Ensure you get your products from suppliers with good reputation and at an affordable cost.


Product Price/Cost:

The cost of your product/services no doubt has to do with the quality of your product/services. Also it has to do with the cost of supply. Ensure you are not charging customers to high as to scare them away. Find out at what price your competitors are offering the same product/service and where possible reduce yours a bit lower while ensuring profit. You will make more accumulated profit when you are constantly selling at lower profit margin than when you want to sell costly for higher profit margin. 


Also you have to consider your location when chosing the cost and quality of your product. You cannot be selling designer's cloth on area where people there earn less than minimum wage monthly. No one there will patronize you because they cannot afford the cost of your product/services.


Related post: How to start cooking gas refilling business on any scale in Nigeria with little capital


Insurance:

All business types are prone to any form of natural or man-made disaster, such as fire, flood, vandalization, etc. Get insurance cover for your business. Luckily today, there are very affordable insurance packages for small businesses. Get your business insured to ensure continuity.


Seek Help:

The help could be in terms of fund or managerial training. Your business could be dying because of lack of fund to build up your business in such a way as to be able to compete your rivals. There are many micro loan platforms where you can access loans up to ₦500,000 without collateral. You can try FairMoney Loan , PalmCredit or Carbon Loan.

 Also, you may lack the necessary skills needed to pilot your business. Get the right training as related to your business and ensure proper implementation of the knowledge acquired. 

Hire marketers to promote your business even further; online and offline.


Related post: Get email addresses database of Nigeria with free bulk email sender to promote your business


Get Your Business Online

Move with the moving trend. If your business is not online today, you are missing out on millions of online potential shoppers and prospects. You don't need to break a bank to get your business online. Being online will ensure that your business compete favourable with multimillion Naira companies and you could be making daily online sales. You can get a website, it doesn't cost much, open social media pages/handles and push your business online. You can also list your product on e-commerce platforms like Jumia, Konga, etc for more exposure. You can greatly increase sales through email marketing, social media marketing, sms/whatsapp marketing, etc.


Related post: How to use WhatsApp to promote your business


We can help you to get your business online, create an effective and very affordable website with social media pages to give you business up to 500,000 daily online visitors.

You can reach us through:


Emails: tochukwudike@gmail.com   

dillionworldresources@gmail.com 

dillionworldblog@gmail.com

support@digitalmarket.com.ng

Phone: +2348035217265 (calls/whatsapp).


Tuesday, May 5, 2020

Businesses You Can Start With Small Capital As Corona Virus Lockdown Is Relaxed

Last Updated: January, 2021


Because of this novel Corona Virus and the economic/business lockdown that accompanied it, many people lost their jobs, many used up their business capital and are left with nothing. Starting life after the lockdown will not be easy for most persons.


In the light of this, this article is to help many people with great and proven business ideas that one can start with very little capital and, make it big and back to a better financial status in no too distance time.


Coming up with a good idea isn’t a static process; it involves a lot of trial and error. To help, I had come up with the list of businesses you can do to build up your finances in no distance time. Most of these businesses I still do till today, and they are very lucrative and profitable, judging from my experience over the years. You can start of the the business with capital of about N20,000 and you can generate up to N5million (or more) in net profit less than a year, if you put in your time and dedication.



Most of these can be done at home in your spare time, and in your spare space, too. See if there are any ideas below that fit you well. If you find an idea you like, do more reading to know more and then, take action.



Dropshipping Business

Dropshipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers the customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.


The main concept of dropshipping is selling products you don’t actually own. Working with dropship partners is not only a product acquisition model, but also includes product fulfillment. The process works by taking orders from your online business and forwarding them to your supplier/dropship partner. They in return, ship the product to your customer on behalf of your company.


The key to making money with drop shipping is making a profit on the price difference between what you charge and what your dropshipping partners charge you. The biggest benefit to dropshipping is the ability to offer a large selection of product without purchasing inventory upfront and managing that inventory.
This is one of the most lucrative business anyone can do. You can be an owner of a Dropship store even without lifting a finger and, you will be making massive profit daily.


Read full details: How To Start A Dropshipping Business And Own Dropshipping Store 




Oil And Gas Brokerage/Marketing Business

In the oil and gas business, product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol),  DPK(kerosene) and LPFO( low pour fuel oil- black oil). You will find opportunities from estates, banks, factories, workshops, eateries/hotels and business centres, factories, companies, government offices, filling stations and depots. All these places are where you can supply petroleum products for millions even on your first delivery.



You can completely start the business without capital as an independent broker. The business is completely free to start. This is made possible by payment-on-delivery system of the business. The buyer issues LPO(local purchase order) to you and, with the LPO which you will send to the supplying company, the company then supplies and, when the buyer pays, you will get your commission from the supplying company. You will also get the money you must have added to each litre.


What I mean is, if the supplying company say they are supplying at N130 per litre of PMS, you as an independent broker can tell the buyer that you are selling at N135. That means, each N5 from every litre belongs to you. Each full truck of product contain 33,000 litres, some trucks can also contain 45,000 litres. You will make more money if the buyer is buying more than 1 truck. The supplying company also pays you commission for bringing the business.


You can run the business as a full time business or as part-time business. You are the boss of your own.


Read full details: How To Start Oil And Gas Brokerage/Marketing Business Without Capital 




Email Marketing Business

Email marketing is the act of sending a commercial message, typically to a group of people, using email. In its broadest sense, every email sent to a potential or current customer could be considered email marketing.


The term usually refers to sending email messages with the purpose of enhancing a merchant's relationship with current or previous customers, encouraging customer loyalty and repeat business, acquiring new customers or convincing current customers to purchase something immediately, and sharing third-party ads.


Why Email Marketers Make More Money Than Other Forms Of Marketers?
The reason is clear– for ten years in a row, email is the category generating the highest ROI for marketers. For every N100 spent, email marketing generates N3,800 in ROI and gives marketers the broadest reach of all the channels available to them. Despite the plethora of tools available to marketers, email marketing is simply the best bet for business growth. And it offers email marketer great monthly profit.


However, there are some challenges associated with email marketing. These include,  difficulty in getting the email addresses of individuals, verification of the email addresses, updating the database, having effective way of sending out the messages, categorizing the email addresses (location, age, occupation) and the techniques in generating revenue through email marketing, among others.


These challenges are easily overcome if you can reach out to those already in the business who can provide you with relevant information and resources.


Read full details: How To Make Money Regularly Through Email Marketing Business




Cooking Gas Business

Despite the fact that the competition is there in the business, there are lots of profit to be made. More people are embracing cooking gas daily and moreover, households refill their cylinders often. Just like filling/fuel station where competition is even more higher, people are still venturing into it because of the big profit it generates. Cooking gas business is more of the same nature, in fact,  as an oil/gas marketer, I can tell you that you stand a chance of making more profit as a cooking gas refilling business owner than as a fuel station owner.




You can start cooking gas business on a small scale or medium/large scale.

Small scale involves the use of small cylinders in storing your LPG for onward refilling/selling to your customers, usually for domestic/cooking needs. You use two 100kg cylinders for this purpose or twenty 12.5kg cylinders. Though there is plan on a abolishing this type of small scale refilling system, the government are planning on making them MDCs.


Location is a very important factor when starting this business on a scale scale. Also, you don’t need much capital to start this business.

If you apply the right strategy, you should be generating not less than ₦8,000 in profit daily.




Medium/large scale involves the installation of LPG plant. There are various sizes of the plant and you can start this business on a medium scale without breaking bank. In fact, with a good business plan, you can easily get a loan from bank to start this business and, you sure will be able to pay back the money and the interest in about 8 months. Banks are aware of the potentials of the business and are willing to give out loans. There cooking gas installation companies that have made it easier for you to start this business by providing the necessary assistance required such as free installation and maintenance, securing of licenses and permits required, free equipments such as safety gadgets, free Safe training for your employees, delivery of LPG to your plant without charging logistic fees, etc.


Read full details: How to start cooking gas filling business (small/medium scale) with little capital 





Simple Website Designing/Building Business


Most people run away from this business before they lack coding/programming skills. I included this as a business one can go into because, I'm not referring to a robust website, but a simple or single page website.


In recent times, small businesses are on the increase and each want to be noticed and recognized online. Most of this small businesses lack capital to go for robust website and therefore, they settle for a more cheaper and easier to maintain website know as single page website.


Anyone that can operate a computer and type words on Microsoft office suite can venture into this business as creating this kind of website doesn't require coding. Lots of small and medium scale businesses are all around us and, you can approach them, tell them about the benefits of going online and how cheap the price it. Creating a one page website may cost about N4,000 and you can create one in less than an hour.


Creating this kind of website requires the use of software to make it easier. The software eliminates the need for coding and programming. One of such software is Microsoft FrontPage which you can get at about N12,000 on Amazon or locally.

Read full details: How To Start A Single Website Designing Business And How To Get Microsoft FrontPage Cheaper




Gift Card Reselling/Redeeming Business

Unwanted gift cards can be sold for a percentage of their value (usually 70-90 percent).  This benefits both the gift card reseller site and the seller.  The seller (you) get to trade in your unwanted card for a card you do want with the cost being sacrificing a small amount of the value to the reseller site.

The reseller site wins because they now have a full value card which they obtained at a discount.


Example: You where given a $100 eBay gift card and you trades it for a $75 Amazon gift card.
The reseller site can now sell the $100 eBay card for $95 to a buyer, making $20 in the process ($95 -$75=$20). And the good news is this, there are always market for gift cards. Which means, you make make the $20 over and over again.
And you can always withdraw your money right into your local bank account through direct deposit, paxful, luno, etc.



You can start learning the proven methods I have used for months to earn over ₦50,000 a month, that’s over ₦600,000 a year. The infamous 6 figures everyone chases for just Buying and Selling GIFTCARDS. Mind you, you can make more than ₦60,000 monthly.


Read full details: How to start gift cards Reselling and Redeeming business in Nigeria 



Cryptocurrency (Bitcoin) Trading

Buying and selling bitcoins is probably the fastest and easiest way to try and make good money with bitcoin.  The value of the currency fluctuates so much each day, it's a perfect target for traders. The volatility nature, makes Bitcoin a perfect market for trading.


It's little risk, high reward and super exciting because absolutely no one knows how high or low this coin can go.  Lots of money to be made in trading bitcoin. You can learn from availabe information, safe ways to trade and with daily profit. Successfully trading can earn you upto 10% profit of you capital especially when you trade up to 4 time daily. If you take it more serious and dedicate more time to it, you can make more money daily.


You can start with as little as N10,000 and build your capital overtime. This business involves constant monitoring of Bitcoin price and ability to read price trend which you can learn easily from availabe resources (see the link below). You can successfully do this business with your smartphone. One of the trusted platform where you can trade on is LUNO and you can buy Bitcoin directly from your Nigerian bank and withdraw your money directly into your bank without going through exchangers.


Read more: How To Make Money Daily Trading Bitcoin On Luno Exchange Platform 

Saturday, March 28, 2020

Businesses You Can Start While Staying At Home


Last Updated: January 2021


As the world today is being ravaged by the Coronavirus disease, countries all around the world are urging their citizens to stay at home in a bid to curtail the spread of the pandemic. Businesses and work places are already on lockdown. Markets are not spared.


But we must feed, we must pay our bills and provide other basic necessities so as to sustain ourselves while on lockdown. We must find a way to put money in our pockets or bank accounts otherwise, after the Coronavirus case is over, you are going to suffer more severe hardship because, there will be much inflation.


Consequently, I wrote this article to educate you on the businesses you can start while on lockdown and be making good profit right from the comfort of your home using your phones or laptops. Most of the businesses listed here (if not all), I'm already into them for long before the pandemic started and so, I will provide guidelines and further detailed call-to-action for you to follow in order to start this businesses and be successful.



DIGITAL MARKETING BUSINESS

Digital marketing is the component of marketing that utilizes internet and online based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services.

 Most companies are still up and running and, these companies will be needing the services of digital marketers to promote their goods/services this period of pandemic. Because, there are no other means of promoting their goods and services, the companies will pay more to digital marketers to promote their services to prospects. Also, you if you don't want to learn digital marketing as a career, you can learn it to help promote your business, and keep your business alive this period.


There are several aspects of digital marketing, they include:


Email Marketing

 This involves the promotion of goods and services through emails. You can send an individual email promoting a certain goods or services to a customer or a new prospect. Also, you can send bulk emails to unknown prospects advertising a service/goods to them.

 Studies has shown that email marketing, bring one of the most conversion rate in any business.
You can get email database of any location (state or city), or group of people such as entrepreneurs, High Networth Individuals in Nigeria, the employed and business executives. There are softwares required for email marketing or alternatively, there are platform one can use. Also, email marketing requires some skills and training so as to have affective campaign and to ensure that your email land in the inbox instead of the spam folder.


If you need training on email marketing and/or you need email database/resources, you can reach out to me. My contact details is at the bottom of this article.



Social Media Marketing

Social media marketing is the use of social media platforms and websites to promote a product or service. Although the terms e-marketing and digital marketing are still dominant in academia, social media marketing is becoming more popular for both practitioners and researchers.

 The popular social media platforms are Facebook, Instagram, Twitter, LinkedIn, Pinterest, YouTube, and Snapchat. The most important are Facebook, Instagram and Twitter. Also We have WhatsApp marketing.


You can use any of these media to promote your goods and services to reach targeted audience. The target audience could be base on age, gender, location or interest.
There are paid and organic posts on social media marketing. The organic posts are those you post for the public to view without actually paying the social media platform to promote the post. In paid post, you will be required to pay the Social media platform some amount of money in order to get stipulated amount of views.
 In both cases, key words are very important if you really need more views. Also the title of your post is important, it has to be captivating.



If you are interested in learning Facebook/Instagram marketing strategies, we can assist and train you. Also, if you want to promote your business through Facebook, let us know, we are here to assist you.



WhatsApp Marketing 

This involves the use of WhatsApp to promote goods and services. There are tools one can use in generating real WhatsApp contact of people in a specific country (location).  WhatsApp marketing is very cheap and all targeted audience will be reached successfully.

We have a tool that can help you in WhatsApp marketing. The tool generates contacts of any location and store them in your phone and, you can delete all generated contacts with a click. Of you need the WhatsApp marketing tools and guidelines on how to successfully run a WhatsApp marketing business without been banned contact me.




GIFT CARD RESELLING/REDEEMING BUSINESS


You can make a full time income reselling gift cards. I am telling you this because I'd been in the business. One of my favorite ways of making money on a part-time basis is buying and reselling gift cards for a profit and I’ll show you how!


How It Works:
Unwanted gift cards can be sold for a percentage of their value (usually 70-90 percent).  This benefits both the gift card reseller site and the seller.  The seller (you) get to trade in your unwanted card for a card you do want with the cost being sacrificing a small amount of the value to the reseller site.

The reseller site wins because they now have a full value card which they obtained at a discount.
Example: You where given a $100 eBay gift card and you trades it for a $75 Amazon gift card.

The reseller site can now sell the $100 eBay card for $95 to a buyer, making $20 in the process ($95 -$75=$20). And the good news is this, there are always market for gift cards. Which means, you make make the $20 over and over again. And you can always withdraw your money right into your local bank account through direct deposit, paxful, luno, etc.


The Detailed post contains all the necessary details on How to Buy and Sell Gift Cards in Nigeria and be making more than 70% profit on a daily basis.

Read the full detail here: Click Here To Read How To Make Money Daily Buying And Selling Gift Cards



AFFILIATE MARKETING BUSINESS

Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts.
All the e-commerce platforms are still working and delivering goods to people's door steps.

 As online purchases are on the increase this period, it's best time to cash-in from these platforms. You can start promoting hot selling goods as an affiliate for these e-commerce platforms and be earning good commission. But first, you need to apply in order to be accepted as an affiliate.


Starting affiliate marketing if free, no legit platform will charge you any amount to start promoting their goods. However, you will need to have a good audience to be able to make good amount of money here. You may need to have a blog, a website or a Social media accounts with large number of followers in order to be getting good sales and commissions.


There are several e-commerce platforms you can work with as affiliate, they include both local and foreign platforms such as AliExpress, Jumia, Konga, Amazon with the most popular ones in this part of the world (Nigeria) been Jumia and Konga.

Click Here To Join Konga Affiliate Marketing Program




BITCOIN TRADING BUSINESS

Buying and selling bitcoins is probably the fastest and easiest way to try and make good money with bitcoin.  The value of the currency fluctuates so much each day, it's a perfect target for traders. The volatility nature, makes Bitcoin a perfect market for trading.
It's little risk, high reward and super exciting because absolutely no one knows how high or low this coin can go.  Lots of money to be made in trading bitcoin.


I will show you the safe ways to trade and give you some great lessons on how to do it safely and also, how I have been using LUNO Exchange to rake good amount daily.


LUNO has the best and simplest system and interface. Anyone who can operate a smartphone can trade here. And if you own a smartphone or laptop, you should venture into this business.

Now, someone may ask, if truly this is such an untapped market opportunity, why would I want to share it with others instead of keeping all of my little LUNO Bitcoin  secrets to myself ?


I believe that Bitcoin is probably the biggest thing to happen since the Internet, but I'm also aware that it hasn’t been widely adopted yet. I want more people to get into Bitcoin since the larger the market is, the more money there is to be made. That’s why I need more people to do what I do, so that Bitcoin will become mainstream. The more traders there are on LUNO, the more the daily traded volume and that means higher price for Bitcoin value on LUNO. By extension, more money to the traders pocket.


For full details on how to start trading professionally by yourself on Luno while making good amount daily, Click Here To Read All





GRAPHIC DESIGNING BUSINESS


Graphic design is a very broad industry. There are lots of avenues to explore. So if you want to start your own graphic design business, you need to understand your own skill level. You’ll also need to figure out exactly what your prospective clients expect from a graphic designer. There’s a chance you’re not yet aware of all of the services that are in demand.

According to some of the leading graphic design companies, clients usually have the following requirements:

Brand strategy
Logo designing
Web designing
Social media designing
Animation
Typography
Brochure designing
Infographics
Poster designing


According to a recent study, the current market for graphic design is worth $15 billion in the United States alone. Logo designing and branding takes up about $3 billion of that market on its own.

So besides your passion, you also need to consider the current market size and trends. Assess your skills and determine how you can enhance your profitability by utilizing and expanding on those skills.
Many companies will be going online and consequently will be needing logos, infographics and more, so you need to learn these skills and get the right tools.


To learn infographics, Click Here 




WEB DESIGNING BUSINESS


Deciding to start a web design or development business is no easy task. It requires a certain degree of diligence, tenacity, and ambition to begin working for yourself. You’ll be faced with some very hard decisions along the way that can impact the success and growth of your entrepreneurial venture. To be successful here, you may need a bit of coding knowledge, that not withstanding, you can build website without coding. So many tools are available for that.


After you’ve done your due diligence, get ready to start your own web design business by setting up your work environment, get a good laptop, printer, backup hardware and of course a smartphone. You may need some special softwares as well.

As many companies are going online, they will require websites which act like a visual office. So this a good business to venture into this period.
As people would be hiring you for web designing services, they will definitely notice the design of your own website to have an idea about the quality. So, design an attractive website to reflect your business to the best. It should be responsive, fast and engaging so that viewers will just enjoy the browsing process on it. Clear and easy navigation along with the relevant contents are the two main things that will add value to your business website.


If you need an affordable website for your business, I can get it done for you in less than few days. Contact me now. See contact details at the end of the post.




CHATBOT BUSINESS


The rise of the chatbot has been extraordinary to witness. Thanks to the ubiquity afforded to us by chat on platforms like Facebook, we've grown quite used to chatting with friends and family across all our social media networks. That's why AI-powered chatbots present a new digital frontier for businesses looking to automate and relinquish much of the man-power it takes to have a chat with its customers.

This is abundantly clear when it comes to customer service. However, it's potent value in commerce has become quite obvious as well, and businesses across all spectrums are now taking advantage of this. Platforms like banks, telecom companies and several others have sprung up to take much of the confusion and complexities out of building a chatbot.


There's a proverbial gold rush happening today, of people trying to launch chatbots for their businesses to help automate some of their sales, self-help and marketing efforts that are needed to properly grow and scale in today's market. For that reason, why not launch your own chatbot business? Sure, there's some effort involved here, but this is definitely worth the steep learning curve.




SEO BUSINESS


Search engine optimization (SEO) is a topic that I've been writing about for years now. The truth is that, while paid ads are growing at an astounding rate, the ability to appear organically and relevantly on search engines like Google is not only becoming more competitive, but also more lucrative.


When it comes to organic search keywords, there is sheer value at the top. Considering that roughly 40 percent of people click on the first search results and that the first page accounts for some 91 percent of the search share, appear organically at the top of Google's Search Engine Results Pages (SERPs) is something that is lusted and longed for by the world's foremost online marketers.


As the internet grows and expands, not only is SEO going to get more competitive, but it's also going to grow more lucrative. You could quite easily capitalize on this industry if you know what you're doing. This doesn't just go for doing work for clients, but also for yourself. You could launch any number of online businesses, niche websites, and blogs with the right amount of SEO skills.


If you need a comprehensive and total training package for SEO, contact me. See contact info at the end of the post.



Conclusion

Remember that you won’t just be working from home. You’ll also be the salesperson, bookkeeper, project manager and account coordinator. These skills don’t come from online courses or from attending a fast-track coding school; they’re learned through hands-on experience over time.


Don't forget to bid for amount and use a convenient means to collect your pay. You can automate your payment using www.paystack.com




For further assistance or services contact me:
Tochukwu Dillion
+2348035217265
tochukwudike@gmail.com
customercare.dillionworld@gmail.com
dillionworldblog@gmail.com