Archive for the ‘Investing’ Category

Your Online Business Needs Patience Not Haste!

Thursday, April 24th, 2008

Instant this! Instant that! Nobody wants delayed gratification. If it is not available now, you can forget it! Welcome to the info-jet age where an email can travel round the globe in less than 1 minute. Every new Online Entrepreneur desire to apply the same principle and make their Online Business Successful.

Alas, that is not the case. You can only have such instant success if your father owns CNN or you are as famous as Bill Gate (just kidding). If not, the earlier you sit down and learn the basics of starting and running a successful online business, the better for you. Running after Get Rich Quick Packages will get you nowhere. You will only end up falling victim to scammers. They promise to make you a millionaire overnight, but you need to part with the little you have first! They have a website well packaged to churn out thousands of dollars into your PayPal account while you do nothing (in your dreams!). They claim that the pages were professionally optimized for SEO, SERP, CPC ….blah, blah, blah. You know the rest of the story. It is all bunch of lies to get your money. Do not fall for it.

I have been working round the clock mopping up any knowledge that can help me achieve my goal for this blog. Was I in a haste to get the desired goal accomplish? Yes, I was? But now I know better. Yesterday, I came across a masterpiece article written by Yaro Starak for newbies like myself. It was quite instructive. It was an eye-opener. The article laid emphasis on the importance of patience in growing an online business. I encourage you to visit his site and download a copy of his masterpiece article “How to start an internet business… and make your first $1,000 online” Even though it is free (save for the time it takes to subscribe and download) you will get better result than that being provided by the fake Instant Cash-Cow Packages making rounds online.

After digesting the information provided in the article, I had to slow down and re-formulate my strategies. I do not want to have a burn-out as a result of being hasty. In less than two months, this blog has moved from a zero level to a level that some friends admire and commended, but I was not satisfied. I actually felt that the growth rate was too slow. I wanted 1,000 subscribers, 500daily visitors, 4PR from Google etc. I wanted it now, I mean yesterday! That meant overworking and putting my health at risk! Is the risk necessary for entrepreneurship success? You bet it is not. I was just being foolish and displaying the ignorance that is common with newbie Online Entreprenuers.

Stop the haste! Stop attempting to achieve unfeasible targets. If you do not know, get this straight, Internet Business is not as fast paced as you think (I wish I could shout this on the roof top to every Nigerian Entrepreneur online). It is the technology available that is fast paced. You can send 1,000 emails under 1minute and all the contacts will receive their copies almost immediately. But it takes effort and time to get those contact names on your subscription list. Patience is a vital ingredient for the Success of your online Business. So learn to allow time do justice to your persistent effort. If you exercise patience, the result will come. See you at the top! Cheers.

Entrepreneurship Is Not For The Lazy

Monday, April 21st, 2008

As a little kid, whenever anyone asks me what career I want to pursue when I grow-up, I tell them that I want to be a Managing Director. My cousin gets embarrassed whenever he hears this and scolds me that there is no such career! Well, that was what I wanted. At the back of my mind I wanted to occupy a big office and sit on a big executive swivel chair issuing instruction to subordinates! Funny enough, I never bother to think about what I was going to be managing (a hospital or a blog, lol). I was only focussed on, the big title, big office, big executive desk and swivel chair and subordinates standing at attention while I issue commands. Pretty childish, but I held unto it until I did a course in the University, Entrepreneurship Development. It was then I was forced to think about what service I will be rendering to the consumers!
Unfortunately, an average would-be Nigerian Entrepreneur is still having that faulty frame of mind. If you ask an average Nigerian, he will tell you “I want to do business” meaning I want to be my own boss, I want to be a “Chairman Managing Director”, an entrepreneur. The phrase Managing Director is regarded as a status symbol, not a job designation for an Entrepreneur (If you listen to some folktale-musicians in Nigeria, you will understand better what I mean). I get really bothered when I read posts in Nigerian Forums that shows that even some of the educated ones are still reasoning along that line. (more…)

Get Yourself A Mentor

Wednesday, April 9th, 2008

Why do you need a mentor?
I will answer the question using an illustration. If a man embarks on a tour of an unknowing territory without employing the service of an experienced guide, we will not be surprised if he ends up lost. Would we? Common sense demands that anyone embarking on a journey into an unknown territory should employ the service of the best guide that knows the territory very well. It is plain stupid to launch into the unknown without a guide, praying that you will not get lost.
But wait, is that not what many newbie Online Entreprenuers do? After reading an article or two, the newbie Online Entrepreneur launch an online business and start struggling to succeed until his strength wanes out. Newbie Online Entrepreneurs often, take leaps of faith. They launch out online based on personal assumptions that they have acquired what it takes to be successful online. While in reality, they only have visions of what they want to accomplish but not the know-how. (more…)

Earn Money Online From Nigeria Using Affiliate Programs

Thursday, April 3rd, 2008

Participating in Online Affiliate Marketing Programs can be an extremely lucrative way to earn income as an Entrepreneur. Some online entrepreneurs earn as much as six digit incomes with little or no effort using affiliate marketing programs. Since it is an online business, it means that Nigerian Entrepreneur can actually participate.
However, like any other business idea, you need to understand the workings of the business before expecting profit. Too many online entrepreneur have spent money and time struggling to earn income from affiliate marketing programs without success.
What is affiliate marketing?
It is simply a form of marketing. A company offers a product or service for sale. The company invites you to market the sale of the product or service on their behalf. For each sales you generate, you are rewarded with a percentage of the profit. (That is putting it simply, it could be much more complicated than that. But this simple definition will suffice for now).
Requirements

 

  1. Registration – You will be required to register with the company promoting the affiliate program. Affiliate Link – When you have successful registered, you will be giving a unique code, this is your affiliate link. It may look something like http://www.affiliate.naijaecash.com/?you.
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Earn Income Online By Trading Domain Names

Wednesday, April 2nd, 2008

Buying domain names and selling them for a profit is a good way to earn income online. Domain or website names simply refer to the addresses of websites on the internet. www.naijaecash.com is the Domain or website address for this site you are viewing.
The business of buying and selling domain requires a very small start-up capital. You can start with as low as $10. That means any Nigerian Entreprenuer doing business online can easily add Domain Names Trading to his/her online business portfolio. GoDaddy.com is currently offering domain names at a ridiculous price of $1.99!

 

See below some domain names that were purchased at less than $10 but sold for tens of thousand dollars.

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