Nigerian Entrepreneur

Bulk SMS Resellers Price War

November 5th, 2010

Nigerian Bulk SMS Reseller Price War

Bulk Sms

Buy Bulk SMS for as low as N1.xx…. I guess that is the latest catchy phrase in Nigeria. It is quite interesting that many Bulk SMS resellers are trying to woo Nigerian consumers via rock bottom pricing. There is a serious price war going on now as they try to outdo each other by offering rock bottom price for their bulk sms services. I guess if it were possible, some will even offer free SMS just to snatch customers from their competitors. Well, that strategy is not working for now. At least, it has not made me change from my present service provider. Honestly speaking, if someone somewhere think this is the way to do bulk sms reselling business, they better have a rethink. Nigerian consumers are not fools!

Price is Not Everything

Of what benefit is a service that is cheap but inefficient? It is economically unwise to spend money on a service simply because it appears cheap! If the service can’t produce the expected result, then it is money wasted irrespective of how cheap it is. Why should I buy SMS at the rate of N1.00 only to discover that messages sent are never delivered to the intended recipients or it gets delivered when it is no longer relevant. Someone sent an SMS that is meant to wish a loyal client happy birthday but delivery of the message was delayed until 2days after the birthday! I’ll say that is a crappy service, irrespective of how cheap the service was. I’ll rather pay double to get the message delivered at the right time.

So many Bulk SMS resellers are not getting their acts well. You must not be the cheapest in the market to be the most patronized. There are other qualities that can make you stand out in the crowd. My bulk sms service provider is not the cheapest, but they know how to deliver quality services. 😉

Rolls Royce Is Not Cheap

Just think about Rolls Royce. Rolls Royce manufacturing team are not trying to increase or maintain their market share by reducing their price to compete with the likes of Nissan. Instead, they strive to improve on the performance of their model and the luxury it affords the buyers. Irrespective of how low another car manufacturer may place their price, lovers of Rolls Royce won’t be wooed!

Rolls Royce High Quality

Nigerian Consumers are wise

As an entrepreneur, you need to do proper homework before using low price as a bait to increase your market share. If your service is poor and your customer support service is non-existent or inefficient, then lowering your price will do no good. You should focus your attention first on improving your service before inviting more clients to try your service.

Bulk SMS resellers compete in an international market

Price war gimmick is a common strategy of the Nigerian gsm telecom operators. Nigerian consumers no that the price war is just a gimmick because it is always accompanied by crappy services. The fact that the gsm operators seem to be getting away with this doesn’t mean the consumers are fools. So never conclude that the same trick will work for bulk sms resellers. Unlike gsm telecom operators who have the advantage of operating in a closed local market, bulk sms resellers are actually operating in a highly competitive international market.

So my advice to all those wannabe Bulk SMS resellers out there is that they go improve on their services . You will only be relevant in the market by offering quality service. Nigerians online won’t mind patronizing a bulk sms reseller who operates from the moon as long as the service is reliable. Even though I am proudly Nigerian, I don’t subscribe to crappy services. The bulk sms price war strategy is not working, think of something else. Cheers.

Tags: bulk SMS, Bulk SMS reseller, Free Sms, Market share, Price War, Quality Services, Reseller Price, Resellers Price, Rock Bottom Price, Rolls Royce, Service Provider, Sms Services
Posted in Entrepreneur, Financial Intelligence, Nigerian, small business | 36 Comments »

Forex Broker Woos Nigerian FX Traders

October 11th, 2010

UWC – Forex Broker Woos Nigerian FX Traders

Online Forex Trading has come to stay in Nigeria. A significant percentage of my first time visitors discover Nigerian Entrepreneur via their search for Trading Forex Online in Nigeria. That is kind of funny since FX is not my focus for this blog.

I have observed that over the years, more and more Nigerians are becoming active forex traders. Even though in time past some Nigerians made false claims about their forex trading expertise, the trend is gradually changing. We are beginning to have real professional forex traders who are earning reasonable income from online forex trading.

What Do I need To become a professional Nigerian Forex Trader?

On several occasion, I have received emails requesting that I explain to the sender how one can become a Professional Forex Trader without falling victim to those seminar gurus. Some have pleaded that I recommend a Forex Broker or a Professional Forex Trader who can coach a newbie into becoming a professional FX trader. Well, I had resisted the urge to do so because I am not all that knowledgeable in Trading Forex.

Last week, while discussing with a friend, he explained to me that two factors are needed by a newbie desirous of starting online forex trading business. There is need for a coach, that is an active trader (not a seminar teacher making empty claims). Also, there is need for a reputable Forex Broker. He warned me not to give out his name as a Forex Coach. I wonder why he doesn’t want to coach people. So folks looking for reputable coach, I’m still searching for one that I can recommend.

Well, for the second requirement, he recommended United World Capital, a foreign based Forex Broker that is currently wooing Nigerians. He stated that the company has special interest in Nigerian clients. That sounded unbelievable because even though I knew that Trading Forex is a Multi-billion Dollar Market with great potentials, I never knew that the activities of Naija brother and sister in the industry is beginning to attract international attention.

Well, I visited the official website of UWC, and I must say the website is quite user friendly. I have visited the official portal of several Forex Brokers, but United World Capital (UWC) seems to be different from them all. UWC webmasters seem to have taking into consideration some of the constraints that Nigerian FX Traders faces. They also have quite some mouth watering deals for both would-be traders and affiliates. I will mention some of the things I saw but I suggest you visit their website after reading my ramblings.

United World Capital Deals For Nigerian Forex Traders

I visited UWC website, and I decided to use their onine chat service. The rep that attended to me stated that UWC is focusing on becoming the best Forex Broker for Nigerian FX Traders. I was told they have some cool special offers for Nigerian clients. That will definitely bring a boost to Nigeria Forex trading opportunities.

Opportunity for Newbie Forex Traders – According to the rep, any Nigerian Trader that registers with them will have the opportunity of trading in different foreign currencies, gold, stocks and CFD. The required minimum deposit for a starter is $10 and they are willing to provide leverage up to 1:500. If you decide to start big and you deposit $50 you will be given a bonus $25. Well, for those with fat purse, a deposit of $300 will attract $100 bonus while 25% bonus goes to those making first deposit above $500. Quite tempting I must say.

Easy Account Funding Options – I guess they are aware that PayPal has not been so friendly to Nigerians. So they already put in place different options for getting fund deposited into your trading account. You can use AlertPay, Okay Pay, Western Union, Bank Wire Transfer, Money Bookers, Debit Cards, Credit Cards, Neteller, WebMoney etc.

Easy Withdrawal of Fund – Withdrawal from trading account is equally facilitated via several options. So no more using PayPal palaver as excuse for not starting an online business. Beside the opportunity for would-be Forex Traders and Professional FX Traders, there is also another opportunity being provided for Nigerians by UWC. You can become their affiliate and earn money.

United World Capital Deal for Nigerian Affiliates

If you don’t know what an affiliate is, read my post UWC gives room for anyone to become their affiliate. They are promising $10 commission for every referral you send to them who traded lot (lot is the contract volume in forex) + $20 extra for every client that deposit more than $50. They are promising free website design and hosting for Nigerian affiliates who want a website. There is need to get more details on this though.

It doesn’t end there, they claim that any Nigerian affiliate who can provide 1000 traded lots per month or more will be considered for managing his or her own UWC office in Nigeria (please don’t be surprised if you suddenly start noticing UWC banner and text link on this blog). This offer is quite tempting. I’ve almost completed my registration as an affiliate.

What is in it For Nigerian Entrepreneur?

I know you’re beginning to suspect my motive for writing this article. Well, I will leave you to keep guessing. There is nothing wrong with me desiring to make money as a blogger or even becoming an affiliate of UWC. The important issue is that I have shared the same opportunity with you. So, go check out United World Capital deal for yourself. If you decide to take up the opportunity, when next you blog about your Nigeria Forex deals, do send me a love-link. 😉

Well, that is the end of my ramblings. It is time you go to United World Capital official portal to get more details for yourself. Please drop your thought in the comment section. It will encourage me to keep writing. If you happen to know a Professional Forex Trader willing to become a coach to newbies, drop his/her contact in the comment section. That is just the missing factor we need to compliment the opportunity being offered by United World Capital for the newbie Nigerian Forex Traders. Cheers.

Tags: Dollar Market, Entrepreneur, Forex Broker, Forex Trader, Forex Traders, Fx Trader, Fx Traders, Nigeria, Nigeria Forex, Nigerians, Online Forex, Online Trading, Trading Forex
Posted in Blogging, Investing, small business | 21 Comments »

Celebrating Nigeria Golden Jubilee

October 1st, 2010

Nigerians Celebrate 50th Independence Anniversary

Hurray! Nigeria as a nation is 50years old today 😉 I wasn’t around when Nigeria got her independent from Great Britain. However, I learn from my parents that it was such a joyful moment. All the various tribes that makes up Nigeria rolled out their drums and celebrated the occasion in colorful styles.

Nigeria At 50

Well, fifty years after, some around me feel there is no reason to celebrate, but I beg to differ. I believe in what a song writer said that we should count our blessings and name them one by one, it will indeed surprise us what the Lord has done. We must not only take account of the problems and crisis that have almost destroyed us as a nation, we should at least appreciate the mercies of God that we have enjoyed time and time again.

I know that Nigeria as a nation has a lorry load of challenges and some of it are quite great. However, the singular fact that the Nation is still existing despite all the damage done to her socially, politically and economically by the black sheep among us is enough for me to thank God.

It is only here that I can claim to be a citizen without paper. This is my home and the home of my children. In every other places we go, we are still strangers irrespective of how well we behave. So I am still proudly Nigerian. I am grateful to God Almighty who has sustained the fragile peace existing in this nation and has not allow us to experience another civil war. Nigerian Entrepreneurs need to thank God because it is only when there is peace that enterprises thrives. A warring nation is no place to do business.

Proudly Nigerian

Nigeria Shall Be Great Again!

While other are expecting the doom of Nigeria, I choose to join those praying for the success of this nation. I believe that Nigeria will become great again. I believe that the broken walls of relationship between the various tribes will be rebuilt. We will co-exist in unity under God fearing leaders who are ready to serve.

I believe that the Lord God Almighty will smile on us and give us trustworthy leader who are ready to rebuild the ruins of our social infrastructures. Nigeria shall be great again. If you believe Nigeria shall be great again, join me and my family as we celebrate the 50th Anniversary of Nigeria’s independence. Cheers!

Tags: Broken Walls, Challenges, Citizen, Civil War, Fifty Years, Fragile Peace, Golden Jubilee, Great Britain, Independence Anniversary, Infrastructures, Lord God Almighty, Nigeria, Tribes
Posted in Nigerian, Ramblings | 8 Comments »

If Nigeria Is A Business

September 23rd, 2010

If Nigeria is a business venture, how will we go about appointing the next Managing Director or President? Let’s take the position of the shareholders or stakeholders. What are those qualities we will be looking out for in the candidates contesting for the position? Will our choice of the next Managing Director be based on ethnic affiliation or race? Will it be based on the ability of the candidate to fulfill our dreams as shareholders or stakeholders?

These and many more questions are bothering me as I watch our politicians playing the old game all over again. Unfortunately the society is not doing much to help. Is this not the right time to take up our pen and make our voices heard? Is this not the best time to scrutinize the motives of those aspiring to become the next president of our great nation. I think every Nigerian blogger should make a post about the current events unfolding in the political arena. Never mind if you are not interested in politics. I don’t like talking about politics or politicians. However, I have a dream that Nigeria will be great!

In other countries, would be presidential candidates reel out the goals they intend to achieve if they are giving the opportunity. They go to a great extent to convince the populace that they can provide succour to the suffering masses. They present policies that they believe will go a long way to move the economy forward. The electorate are practically wooed like a bride-to-be in other to get their votes.

Unfortunately, that is not what I’m seeing. Nigeria is almost 50, yet we seem to have learned nothing from our past mistakes! How come those that were instrumental to the destruction of our social and economic life are the one aspiring to govern. Why can’t we have a change of the old guard? Are there no successful men and women who have made significant impact in their various industry who can take up the mantle of leadership and lead Nigeria out of the woods? How come those that ought to be thinking of retiring are the ones dictating who should be our next ruler!

My humble expectation is that by now, someone will come out to convince the electorate how he or she (I won’t really mind a female president) will solve the problem of the infrastructural decay that is sending us bankrupt as a nation. I thought someone will give us a promise on solving our energy crisis once and for all. Won’t it be wonderful if the educational sector will be restored to its former glory when citizens of other nations come to Nigerian Universities to study.

Unfortunately, all I hear about is Zoning Formula. North and South gentleman agreement! Ethnic and religious affiliation. Are those suppose to be the criteria for choosing who to vote for in the Nigeria Presidential Election 2011! Oh my motherland. When will we wake up from dream and face reality. What we need as a nation is a man of purpose. A man that is committed to building our fatherland. What we need is a man that is ready to serve, not one that wants to be served. What we need is a man that has a dream for Nigeria, not one that has a dream for his pocket!

Then Nigerian Entrepreneurs will be able to shout for joy! We will be able to create wealth that will place Nigeria in a vantage position among the nations of the earth. I have a dream, that Nigeria will be great. The Giant of Africa rise up and occupy the position of dignity in the continent of Africa. If Nigeria is a business how will we go about selecting the next Managing Director? I want your opinions on this one. Cheers.

Tags: Best Time, Blogger, Business Venture, Current Events, Economic Life, Electorate, Ethnic Affiliation, Managing Director, Mantle, Motives, Nigeria, Old Game, Political Arena, Politicians, Populace, Presidential Candidates, Right Time, Shareholders, Significant Impact, Stakeholders
Posted in Blogging, Entrepreneur, Nigerian | 9 Comments »

NSE Crisis – Another Scary Story?

August 6th, 2010

Is the NSE Crisis another scary story for Nigerian Investors?

Many are yet to recover from the exposure of the rottenness that existed in the Nigerian financial sector by Sanusi. It is heartbreaking and worrisome that another bad news is making round that Nigerian Investors in the capital market are in for another shocker! Just like we were lied to when the banking crisis started, some people who claim to be experts are telling investors not to get worried because the crisis in the Nigerian Stock Exchange (NSE) will have no effect on the performance of the market.

Does one need a prophet to tell that there will be a negative effect? It is obvious that some innocent Nigerians who had trusted the leadership of NSE with their life savings are about to wake up to a bad reality. I won’t be surprised if after investigation and forensic audit is carried out, we discover that the ex-leaders of the NSE are found wanting!

Several people in and outside Nigeria has pointed out that Nigeria is blessed with everything except one critical item, GOOD LEADERSHIP. In every area innocent Nigerians have been made to pay dearly for crimes committed by LEADERS who are not accountable to the people. Our leaders reigns as demi-god who exist above the rule of law.

Activities of leaders are shrud in secrecy and crimes are committed and covered up. Atrocities only get discovered when it is too late and much damage has been done to the system. Unfortunately, even when the atrocities are finally discovered, the guilty ones still go unpunished because of the poor legal system we have in place. Cases of open looting of state and federal treasuries gets buried under bureaucracies and legal-webs that makes it difficult to obtain justice.

Now that the stock market has gotten another shock, wither shall the Nigerian Entrepreneurs go for investment?

Tags: Financial institution, Nigerian, Nigerian Entrepreneurs, Nigerian Stock Exchange
Posted in Investing, Nigerian | 7 Comments »