Archive for the ‘Entrepreneur’ Category

Your Business Mission

Thursday, August 25th, 2011

What is the Mission of your Business?

A Successful entrepreneur won’t have the same answer as you are having in your heart right now. Too many small business owners assume that the mission or goal of their business is to make money. If you set your eyes on making money, be rest assured that your business won’t last for long.

Businesses are practically packaged solution to people’s need. Businesses are meant to satisfy the need of individuals or organization. If that is the case, then making money cannot be the mission of a successful entrepreneur. An entrepreneur that aims at making money will only survive until an entrepreneur that aims at satisfying the need of customer comes around to dislodge him.

Customer Satisfaction Should Be Your Mission

Successful entrepreneurs often encourage their staff to aim for two things. First, attract customers. That is the whole essence of internet marketing and all the gimmicks internet marketers parade online. Everyone is trying to get the attention of customers. The competition for customers attention is very keen. Even though you have the capacity to satisfy the need of a market better than your competitor, your inability to attract the customer will make it impossible for you to prove that you are better!

The second goal is to satisfy the customer. Whatever you do, aim at satisfying your customers. A satisfied customer will safe you thousands of dollar in advertisement. His or her recommendation may earn you better return than you can ever get on paid advertisements. Also, a satisfied customer repeated patronage pays huge dividend which cannot be easily quantified. Instead of attempting to subtly grab a few hundreds of dollar from a prospect work at making the prospect a satisfied customer and watch him spend thousands of dollars in repeated sales while recommending your business to his friends.

Quality Customer Support Service Holds The Key!

Irrespective of how good a product or service is, poor customer support service will run the business down. People love to be treated with love, care and respect. Every human being is craving for attention. You will agree with me that everyone, including yours sincerely will love to be treated as Royalty.  When this fails, customer support service should come to the rescue.

To err is human, so it is not out of place for a business to fail in its bid to satisfy customers. However, whenever such failure occurs, customer support service personnel should spring into action to ensure that the mistake is remedied. Customer support service must ensure that the dissatisfied customer does not leave the business because of such failure. Everything should be done to redress and win back the customer’s confidence.

This is one area that small business owners in Nigeria need to look into. It has been discovered that too many big enterprises dump inexperience and ill-motivated personnel in their customer support service departments. Such personnel when attending to dissatisfied customers are often rude and abusive. Some even act as if they are doing such customers a favor. Instead of treating the customers as royalty, they actually demands subtly that the aggrieved customer be grateful that they are spending their precious time attending to such trivial complains. This is a golden opportunity for small business owners to tap into.

Give The Customer Royal Treatment and Watch Your Business Grow!

Since the market is already full of lots of aggrieved customers, take advantage of this! Build a first class Customer Support Service Department for your business. Ensure that the department is staffed with the best behaved, smooth talking, diplomatic, courteous staff you have. Explain to the personnel that they are the last hope of the company in retaining any aggrieved customer. So, their attitude should be such that a customer having come in contact with them will find it difficult to leave.

Get Feedback About Your Customer Service Department

If you really want to stay and grow in business. You need to get direct feedback from your customer on what your customer support service personnel are doing. You need to know if they are striving to keep customers for you or doing otherwise. Too many businesses have lost valuable customers because an aggrieved customer was not well attended to. Getting feedback from customer is not so difficult. You only need to be creative and you will be surprised that customers are willing to comment on how your staff treat them.

Reward Good Support Staff and Fire Bad Support Staff

It is your business, so be bold enough to reward good support staff and fire without hesitation any support staff that is killing your business. It is foolish to allow an arrogant and uncultured support staff to continue in your employment. Any staff that does not accept the fact that it takes the income from satisfied customer to keep the business running must be fired. Customers pay for satisfaction and it is the responsibility of any business that takes a customers money to provide such satisfaction or refund the money taken. As such, it is compulsory that every staff understand and agree to treat every customer like royalty.

This post was provoked by a recent experience I had with a business organization. Having failed in keeping their promise, their support service staff are acting as if they are doing me a great favor listening to my complain. If I were to have my way, I will recommend that the entire customer support service department of that business be overhauled, because their response to customers sucks!

Your business mission is to attract customers and satisfy them. Never forget that if you truly want to be a successful entrepreneur.

Do you have a story to tell about customer support service? Do you have a tip to share that will empower a small business owner? Please do so in a comment. Cheers 😉

Is Bulk SMS Business In Nigeria Crashing?

Saturday, June 4th, 2011

Bulk SMS entered the Nigerian market with a big bang. It became the newest make money online song and I wrote about it in my post  Bulk SMS Reseller In Nigeria. As competition in the market for bulk sms intensified, I was greatly amused and I wrote another article pointing out that using price as basis for competition is not a healthy thing. You can read the article, Bulk SMS Reseller Price War. As at today, it seems the story has changed. It seems the Bulk SMS market in Nigeria is collapsing. Please correct me if I’m wrong.

Bulk Sms Reselling

Bulk Sms

I am not a Bulk SMS reseller. But I’m a heavy user of bulk SMS. I subscribed to one of the most reliable bulk SMS reseller and I have been enjoying their service until recently when I noticed that my sent messages were not getting delivered. I thought it was just a hitch in their system, so I went online and chatted with one of their representative.

Well, I was treated to a very good customer service and I thought that the situation will be rectified. Unfortunately, a week after, the same situation is still persisting. Over 60 percent of the messages I sent doesn’t get delivered and that was really embarrassing.

I was actually thinking of switching to another reseller because I was loosing money. Every time a message sent is not delivered, I loose the money spent on sending the message while at the same time I suffer the embarrassment of intended recipient of such message calling that they never got the message. That is not good for an entrepreneur like me. So I made up my mind to switch to another reseller. But the question on my mind was, which of the myriad of bulk sms reseller parading themselves as the best solution provider in the market should I subscribe to?

Should I join the bandwagon and become  a bulk sms reseller myself? After giving it a thought, I decided that I’m not ready for sms reseller business. I already have my hand full for now. I believe in giving my best in whatever I lay my hands on. Since I don’t have the time to commit to the business of reselling sms, then there is no point going into it for now. My good name is my greatest asset. So the option left is to subscribe to another bulk sms reseller.

Well, while searching for the best provider to subscribe to, I discovered that I’m not the only one complaining about undelivered messages. Some of my friends are complaining also. And funny enough, we subscribed to different bulk sms resellers. So that showed me that it wasn’t only my provider that was having hitches with their services, many more in the bulk sms business are experiencing the same.

Now, someone suggested that GSM operators in Nigeria are responsible for the undelivered messages! How true is that? Whenever, I send messages from my phone using the GSM operators (I have 3lines, MTN, Glo and Etisalat) the messages get delivered. However, when I send bulk SMS to the same operators some get delivered, while some don’t get delivered. A friend suggested that the GSM operators are sabotaging the business of bulk sms reseller. That sound ridiculous to me. But could it be true? There are too many questions and little comforting answers.

What has been your experience as a user of  Bulk SMS in the past one month? Do you have answer to the questions raised above? Kindly say in a comment. You might save a business by doing so. Thanks for reading. Cheers.

Making Money While Making The World A Better Place

Friday, May 20th, 2011

Every entrepreneur is out to make money, but deep down inside, every entrepreneur wants to leave an indelible mark in history as one that made the world a better place. How do you realize the goal of affecting the world by giving to charity while pursuing the goal of acquiring wealth. This is a dilemma to too many entrepreneurs.

If you talk to an entrepreneur and mention charity you would expect them to hiss like a snake and curl up into a ball, or is that just the entrepreneurs I talk to? Either way people rarely expect business and charity to mix well, one is about making money and the other is about giving it away.

 

GiveaCar

Give A Car To Charity

But sometimes you can find the perfect angle. A way to make money while also making the world a better place. That may sound impractical, but a little bit of creativity makes it feasible.

Giveacar is a company that specializes in letting you donate your car to charity. Most people with an old car they don’t want any more tend to just get rid of it at any old price just to be rid of it. Giveacar takes the responsibility off the customer’s hands by finding the best price for the car and giving the proceeds to the charity of their choice.

The preferred charity is a matter of your choice. Irrespective of the charity you choose, an additional benefit is that you can have the peace of mind that you are contributing to a cleaner environment by allowing Giveacar to handle the proper recycling of your old car or van. It is on record that every year on average, just over 2 million cars and vans reach the end of their useful lives, and the average new car requires the energy equivalent of 1540 gallons of petrol to manufacture.

This is why Giveacar will either sell your car on to a dealership that will fix it up and get it back on the road for as long as possible, or have it drained of any hazardous fluids and stripped for parts and materials in a safe and environmentally friendly manner.

Whether you choose a charity for the environment, the poor, the blind or the sick, you make the world a greener place by putting your car to use somewhere instead of adding it to the heap at the junk yard.

It’s hard to argue with a company that makes money by supporting hundreds of charities across the UK through taking old cars and recycling them to save the environment. In the film Wall Street, Michael Douglas made that speech about how greed was good.

It’s businesses like Giveacar that show us that greed is not good, it just shows lack of creativity. There is a joy that you derive when you lend a helping hand to the needy. Giveacar can help you do just that. You can get more information by visiting their website at Giveacar. Cheers.

I sure look forward to when a successful entrepreneur will implement this concept in my country. It is actually possible to make money while making the world a better place. You only need a bit of creativity to merge the two goals together.

Note: This post is not a paid review, it was born out of my chat with Daniel of Giveacar who visited this site. This piece is my idea of spreading the knowledge that entrepreneur is not just about making money, what you actually do with what you have determines how successful you really are! Feel free to drop your thought in a comment.

What Benefit Does Dot NG Domains Have?

Friday, April 1st, 2011

Is there any particular advantage I will derive by registering a domain name that contains  dot NG? I’m just  curious. I’ve noticed that quite a good number of Nigerian hosting companies are wooing their customers to buy the NG tld domain names.  Here are some of the arguments they put forth for the promotion of dot NG among Nigerian webmasters:

  1. Using dot NG will enable organizations and individual to use domain names that are otherwise not available. For example, while it might be impossible (or uneconomical, due to high pricing) to purchase short and memorable names that had already been taken up by the early birds, it is now possible to have same using .ng.com or .org.ng as the case may be.  For example, you can’t get www.love.com, but you can easily purchase www.love.com.ng
  2. The use of NG will easily identify a domain as belonging to a Nigerian business or entrepreneur.
  3. Search engines may rank dot NG domains higher for subjects relating to Nigeria.

While those arguments sounds logical, only the first argument really  holds ground. Even though this website is registered as .com, yet it is well identified as a Nigerian website because the content focuses on Nigerian Entrepreneurs and issues pertaining to Nigerians. Also, search engines will list Wikipedia first before any other website if it has sufficient content to cover an issue even if the issue is 100% Nigerian.

In order words, while it is desirable to have a short and memorable domain name, I don’t buy the idea that registering my website as .ng is of any advantage to ranking in SERP. In order words, calling your website www.nigeria.com.ng does not guarantee you traffic from Nigerian web users.

If you write or provide information that Nigerian web users need, they will come seeking for your site. It doesn’t matter if it was named www.nigeria.co.uk.

Also, many web users are “lazy” and “hasty” they often ignore the prefix that follows the dot. So they end up typing .com at the end of any url they put in their browser.  So registering www.love.com.ng may not be an effective method of sharing from the traffic of www.love.com.

The only reason why I will subscribe to using dot NG is because it is Nigerian and I’m Proudly Nigerian.  I won’t assume that buying a domain name that contains dot NG will increase my traffic. Well, that is my candid opinion. I’m waiting to hear your argument in favor or against the use of dot NG. Cheers.

Why Nigerians Suffer As Unemployed Internet Surfers

Tuesday, December 21st, 2010

Why do many Nigerian internet users surf the internet endlessly without improving their economic condition. Why are there tales of woes among the Nigerian youth who desire to make money online. This is a guest post from a Nigerian blogger, Micheal Mcneri, who leaves in United States. He started his online adventure right here in Nigeria. I belief you will enjoy this piece – Naijaecash

McNeri

Why We Suffer As Unemployed Surfers

The Internet is for surfing not for suffering. The internet is for information gathering, knowledge building and application of such knowledge for making money! It is not for suffering! So why do Nigerians suffer online. There are numerous sites where you see us (Nigerians) gathered and all we do is complain of our suffering online. I feel there is no need for that. In fact, when you have pain and you gain access to the web, all your sufferings ought to go away as you receive knowledge and help from the online community. Often, such knowledge and help are given free of charge!

I am based in the United States and I have been involved with post-secondary education up to the highest levels since 1988. I have numerous interests even though I have a full time job which pays my bills. It has however fascinated me since my days at Ibadan, UCH to be precise when we first learned of Cybercafés (Internet Cafes). That was in the days of NITEL internet and calling booths. At that time in 2000/2001, I got a glimpse of what the world wide web had in stock for us. Seas of information and oceans of characters. We browsed in a very different way then.

How I discovered the World Wide Web

In those days, I had to apply for a NITEL land line so that I could use NITEL internet. To get the line cost 13,000 naira ($87) to NITEL and another 25,000naira ($167) ‘egunje’ (bribe) to the thugs (staff) of the cursed company. It was like bleeding, but we did it. This afforded me the opportunity to become a web user as I browsed the internet by dialup. I opened “FREE” email accounts and searched with this new search engine called GOOGLE! All was going fine and I was feeling cool but a few months into this new adventure, the line suddenly stopped working!

Then I received a bill of 102,000 naira ($680)! I thought I was dreaming! I contested the bill because the phone was not working and I had not made any international or local call to warrant such a monstrous bill. Well, I was simply told that that is my bill and I have to pay it if I ever want to use the line again! To me that was fraudulent and I was not willing to pay for what I did not use. Well, that was the end of browsing from home, but I had learned that there was a huge world out there and I was going to be part of it.

Journey to Cybercafés

A few cybercafés sprang up in Ibadan at that time, but many of them had lousy speeds. I was already spoiled with my home dialup (NITEL internet) which was so fast at 24kbps! Eventually I found one in Bodija, Ibadan. It cost 500 naira ($3.5) for 5 hours of moderate speed browsing. I was happy. Then I would go and buy a pack of floppy discs (do they still exist?). Each one was 1024kb. Armed with the 10 in a pack I would go to the cybercafe and pay for 5 hours. As I surfed, I downloaded materials, usually articles of interest in the medical field, or web pages. I would just be saving them to the diskettes (for the younger readers, that is what they were called). Then when I got home, in the comfort of my home, I would re-browse them, that is if Nigerian Electric Power Authority, NEPA (another sick company) permitted (the company had the monopoly of supplying electricity, but does a terrible job of servicing the masses, I learned they have been re-branded as Power Holding Company of Nigeria, PHCN. In my humble opinion, Never Expect Power Always is better than Power Holding Company of Nigeria. Well, back to our main gist. It was at the cybercafés that I stumbled on my present career.

It was during my adventure in the cybercafés that I found out about the World Bank Scholarship and the Liverpool School of Tropical Medicine. That was how I ended up having papers in Croatia at the 7th World Congress of Pediatric Surgery. That is how I ended up here in United States, owning a website development company and helping other less advantaged organizations get their feet online.

Why all this personal story?

My story may be a bit long winded, but I want you to take from this a little lesson. It is still challenging to get online in Nigeria 10 years later, I wouldn’t have guessed. I have had some couple of youth send me letters asking me to help their helpless situations in Nigeria relating to unemployment and struggles. One of them named Tunde, does landscaping, but has no official qualification. He has worked in a cybercafe before. I encouraged him to simply put pen to paper in 5-10 short essays of what he does which is landscaping. Then I offered to help him get a website on, optimize it for search engines and even purchase some adverts for him. Then all he has to do is register his business name in Nigeria and we can hunt for business online since he was disadvantaged on the ground in Nigeria. It has been almost one year now and I have not heard from him.

I guess Tunde lacked the motivation to follow through with my proposal because he probably think it is too big a dream. It was a mistake on my part too, because I was dreaming big “for Tunde”. So I have ceased to dream for people. The message here is DREAM BIG AND YOU CAN GET THERE. It does not matter how ridiculous your dream is. What matters is whether you believe you can achieve it or not. There are many roads out here and that is why it is called the WEB. Read, Learn, Dream, Achieve.

After Tunde, I had another cold caller who contacted me through facebook. He had a similar story. Patrick is a teacher, but wants more. He complained that his meager income as a teacher wasn’t sufficient to support his poor family and there are several other financial challenges that he was struggling with. I asked Patrick what he knows and can really write about. He said poverty. I said okay, write five short essays and I will set you up as an online writer. Maybe we can get you something to supplement your poor teacher’s salary.

Two months later, I asked Patrick how far? I am still waiting. Please tell me if it takes Patrick 2 months to write 5 short essays on this first offer, how will anyone be willing to contract him? He will not deliver and in this fast-paced world, nobody has that kind of time. So the second big lesson is “STRIKE YOUR IRON WHILE IT IS HOT“. We are too lukewarm in Nigeria. We feel overwhelmed by the huge problems facing us and the lean resources available to us. However, if you want to make it to Heaven, you have to live like you are in Heaven here on Earth. Righteous, Holy and Worshipping the only true God, like the angels do in Heaven.

My Suggestion to You

I believe you should gear up and face the invisible if you want to rise out of that quagmire limiting you. Hold onto your faith, but also focus on your dreams. Yes, dear to DREAM BIG DREAMS! If you have no dreams, then you are going nowhere. Can a Man make heaven if he has not dreamed of Heaven?  Also, start NOW! People in the developed world have blogged their ways out of poverty. You too can make money online from Nigeria if you take action now. Get a blog, send a guest post to well established bloggers and become the person of your dreams. You’ve got to STRIKE YOUR IRON WHILE IT IS HOT! Stop procrastinating, start acting out your DREAM!

Micheal Mcneri is an Internet Marketer and a blogger. You can visit his website at Finance Is Personal. He also has a new one at I Be Naija.