EXPOSED! How You Can Get Loans For Your Online Business

EXPOSED! How You Can Get Loans For Your Online Business

Across the country, smart online entrepreneurs with brilliant business models find it hard, and often impossible, to get small business loans. In fact, many do not even know they can get loans. This may be because they are not taking their businesses serious. or the banks are just not lending.

Have the banks run out of money? Of course not! In fact, the volume of bank loans to large companies, multinationals, and big businesses are increasing every year.

So, what are the secrets of getting your small online business loan application approved?

What kind of small business loan should you apply for?

An overdraft is a type of loan that allows you to withdraw money from your bank account even if you have little or no money in it. So, if your bank approves an overdraft of N1,000,000 for your business, it means you will have access to this money even if your account balance is zero.

Unlike overdrafts, a term loan is a sum of money released to you by the bank and starts to accrue interest from the moment you receive it; whether you use it or not (unless the bank agrees to a delay, usually known as a ‘moratarium’).

This type of loan is best for long-term projects and can last from two to ten years, depending on your needs and terms of the loan. Just know that the longer the loan lasts, the more interest you will have to pay over time.

The reason why banks don’t like to give loans to small online businesses…

Why do banks not like to give loans to small businesses and startup entrepreneurs?

They call it ‘high risk.’

This simply means there is a high likelihood that something may go wrong with a small online business and make it unable to pay back the bank loan (plus interest).

If your bank believes that giving you a loan is a ‘high risk,’ your loan application will surely be denied! Unless you can do, show or prove something that reduces the risk to a low level, very few banks will want to give a loan to a high-risk business.

Let’s look at some effective ways to reduce the risk in your loan application and ensure that it gets the approval that you need to secure that small business loan.

Ways to improve the chances of getting your loan application approved…

Fortunately, it’s not an entirely sad situation; risks can be reduced.

Entrepreneurs who can successfully apply any of the ‘open secrets’ I’m about to reveal will significantly increase the chances of getting the loans they want from their banks.

Get a supply contract (or purchase order) from a credit-worthy customer

One of the big risks that worry your bank about your loan application is the ability of your small business to sell enough products or services that will make money to repay a loan.

A supply contract from a creditworthy customer (usually a company or organization with good business performance) proves to the bank that somebody is interested in your products and is willing to pay (and can pay).
With a contract in hand and a credible large company behind you, you would have significantly reduced the high risk that would make your loan application difficult to approve.

Do you have a good credit history?

If you have taken out a loan before and paid it back with all the interest and no delays, it often signals good behaviour and creditworthiness to banks.

Banks and other lending institutions can verify your credit history and gauge the ‘riskiness’ of giving you a loan. If you have been coming up short on a loan you took out previously with another bank, this may show up in your credit history and reduce your chances of getting your loan application approved.

If you have a poor credit history, the banks may insist on collateral or other forms of security for the loan.
This process was not common but now that almost everyone has a BVN, it is easier for them.

A detailed business plan always helps!

To convince the banks that lending you money will not be a gamble, it helps to present a detailed and well thought-out business plan.

What will your business be about?

Is there a market for your products and services?

What is your plan for marketing and selling your products?

What background and experience do you have to make the business work?

What will the loan amount be used for?

The more of these questions you can answer, the more comfortable and convinced the bank becomes.

Your business plan should be a road map that shows the bank that a lot of thinking and planning has gone into your business idea. Most small businesses and startup entrepreneurs do not do a good work of presenting detailed information about their business to the bank.

Writing a business plan can be a simple or complex affair depending on the type of business and who the business plan is meant for (you, banks, investors, business partners etc).

Get a guarantor to cover you

A guarantor is a person who guarantees to pay the bank in the event that you are unable to repay the loan and any interest it accrues. A guarantor is often someone who is wealthy or has valuable assets that can be used as collateral (or security) for the loan.

Having a guarantor to back up your loan application reduces the likelihood that you will not be able to pay back the loan. This usually gives banks the assurance they need to classify your loan application as a ‘low risk’.

And depending on the policies of the bank, your loan application would be approved.

Now you know how to get a small business loan from your bank: have you had any problems?
If you’re like many Nigerian startup entrepreneurs and small businesses, you may have been unlucky with your small business loan application.

What were the problems you faced?

Have you used any of the methods discussed in this article to help you secure a business loan?

We would love to hear from you.

I can teach you how to make passive income with affiliate marketing. Interested? CLICK HERE!
Additionally, you can earn a living as a freelancer by joining Fiverrngcash

You Have Been Making A BIG Mistake With Your Online Business

You Have Been Making A BIG Mistake With Your Online Business

On Thursday, I told a short story of a person that lost his online business because of carelessness and ignorance. What I did not tell you is that, that actually is a true life story and it happened to my friend. Of course, he has moved on now, rebranded and his new brand is flourishing. Obviously, he learnt a serious lesson first hand and I do not want you to experience it. It is horrible really because shortly after he lost the case, he slipped into depression and did not work for three months.

Today we will be talking about how to register your business and the several types of registration you can do.
The body responsible for registering all businesses in Nigeria is called CAC (Corporate Affairs Commission). They offer different types of registrations and requirements.

Types of Registrations With The CAC

Business Name:

Business name is the easiest form of registration you can do and you can complete the registration online without the help of a lawyer.

You firstly do a public search on the desired name to check the availability of the name. This will cost you a token of five hundred Naira only. However, if you want to get an accredited agent (usually a lawyer or a law firm)to help you with this, they will be charging you in the range of two thousand Naira to Five Thousand Naira.

After this process, you only need to fill the online form and you are good to go.
You will get a response between 24 to 72 hours and your business will be duly registered.

The cost for this was originally ten thousand Naira but they are running a promo till ending of March, you will be paying only five thousand Naira. However, if you were to hire someone, you will have to pay between fifteen thousand Naira to Thirty Thousand Naira.


There are two types of incorporation you can try. Public Limited Liability Company or Private Limited Liability Company. You may want to stick to the Private Limited Liability Company as it is less constricting and it is ideal for a small business.
For this, you have to do the above name search and then reservation. The name will be reserved for you for 60 days, so you have 60 days to register the company with that name before it becomes available to the public again.

Incorporation is a bit more complicated as compared to Business Name, we advise you hire a lawyer or one of the companies that specialize in doing that.
You can use Wingman Formation Company for the registration. I have used them several times and they are reliable.
To Check the process for Incorporation, you can check here.

Reasons Why You Should Register Your Business Now!

 It gives you a unique identity (and protects it too)

There is a certain pride that comes with the identity of your own business.

It’s no longer that big idea you’ve had in your head all these years. It’s now a real thing that legally exists; with its own name and address.

Once it is confirmed that the name you’ve chosen for your dream business is available (that is, nobody else is already using it), you will be allowed to go ahead with the rest of the business registration processes.

And unless your business goes bankrupt and is formally dissolved, no other person can use or register the same name ever. (image credit:

It protects you from personal liability

This is arguably the biggest reason why many people have to register their business.

Without the legal protection of limited liability, you could lose your business and personal property if something goes wrong (say somebody sues you to court for heavy damages).

Imagine starting an online store, you started getting orders for all over the country. Unfortunately one of the products you sold was bad and the buyer is not happy, perhaps it even caused an injury.

The buyer decides to sue you for damages of N1,000,000. If your business is registered as a limited liability entity, the worst that could happen is that ONLY your business will be responsible for paying the damages because it is a separate entity from you.

However, if you were running an unregistered business, you may not be entirely safe. Why? Because your personal stuff (house, cars, money in the bank etc) may be used to settle any outstanding debts the business cannot settle.

Don’t forget, not all company types can offer this protection. Only Limited Liability type companies can do this. Business Name cannot provide protection from personal liability.

It makes you look serious and attracts more customers

In today’s modern world, most customers, especially corporate customers, expect a serious and responsible business to be registered even if you are operating solely online.

In fact, most companies will not do business with an unregistered business. In certain cases, it’s against the law for regulatory and tax reasons.

Think about it for a moment: If your business is not registered, how can you issue receipts to customers for products you sell or services delivered?

You can’t!

And who exactly pays for something these days without demanding a receipt? Unless your plan for your business is to become and remain a petty trading business that sells stuff online, you just have to register it to attract more discerning customers.

Nobody says you can’t survive with a business that isn’t registered. The likely outcome is that you may not grow and will probably remain small for a long time.

It’s easier to get bank credit and investment from investors

For banks, there are basically two categories of loans; Personal and Business Loans. They’re both totally different and one cannot be used to represent the other.

As a result, most banks will gladly lend you money to buy a new car or house but none will give you money to fund a business that isn’t registered. To qualify for a business loan, the Number 1 and non-negotiable requirement is that your business must be registered. Period!

For investors, it’s the same thing. Investors are interested in giving you money for a share of your business, and not to finance your personal lifestyle.

If there’s no registered business, what exactly will you be giving them a share of?

Investors want to know that your business is organized, exists legally and is separate from your personal life and finances.

No investor would take you seriously if you’re asking for investment but you don’t already have your business registered. To them, it’s a sign of unseriousness and a lack of professionalism. You don’t want anybody to have that impression of you.

It’s important for continuity sake

Jumia, Amazon, Konga, Click Bank, and Lina Ikeji's Blog. Do these names ring a bell?

Of course, they do.

These names are big multi-billion Naira businesses that have existed for a while and if the finders decide to retire today, Another CEO can be chosen to continue the business.

Nevertheless, these businesses, which were quite small when they started many years ago, remain very big and successful today.

It’s called continuity; human beings live and die but businesses have the ability to last forever as they are transferred from one generation to another.

What steps have you taken to register your business today?

If you will like to learn Affiliate Marketing and earn a sizable passive income, I can teach you.
You can sign up as a freelancer on Fiverrcashng to earn extra money for your business registration today.


Why You May Lose Your Unregistered Online Business!

The Importance Of Registering Your Online Business

In Nigeria, up to 70 percent of people who call themselves ‘entrepreneurs’ do not own a registered business, the numbers are even scarier for online businesses.

How can anyone say they own a business when it doesn’t really and legally exist?

For some of these people, it’s just plain ignorance; they don’t know or understand the importance of getting a business registered. The others, who aren’t totally ignorant, just choose to avoid the upfront cost of registration when they start their business, you really should not be like that.

If you have been running an online business you should know it is really different from being a freelancer or dabbling in affiliate marketing. An online business has more depth and you will most likely need more people ton to help you in the future. You really ought to get your online business registered soon. However, if you plan to start a business soon, the reasons in this article will prevent you from missing out on the benefits of a legally registered business.
 I can hear some people saying things like:
"Oh but it is an online business, I do not need to register it".

You are more susceptible to copyright theft and even brand theft when your business is out there without any legal backing or protection.

What Is A Registered Business?

The best way to describe a registered business is to tell you a short story.

Tobi is an entrepreneur who makes very beautiful clothes for men and women with the best quality cloths. This has been his line of work for seven years now and thousands of people love his clothes.

In fact, his clothes have become so popular that people commonly refer to it as ‘Tobi clothes’ (a brand). People actually go to the market and ask for ‘Tobi clothes’ or shop online. Most of his customers are so loyal that they order or come to buy from a long distance (local or foreign) to get his clothes.

Just last year, one smart entrepreneur (let’s call him Kelvin) got a bright idea and decided to register a company and named it “Tobi Clothes Company”.

It cost him time, effort and money but Kelvin went through the hassle to register his new company. Guess what? His new company makes clothes too. These clothes are also of high quality but they’re not as good as the popular  Tobi Clothes.

But the interesting thing is, Kelvin’s company’s clothes labelled ‘Tobi Clothes’.

As you may have guessed, Tobi finds out that Kelvin’s company is selling its clothes with a ‘Tobi Clothes’ label. What can he do?

If he does nothing, these new clothes that carry his name will confuse his customers and he could lose sales. So he decides to sue Kelvin’s company “Tobi Clothes Company”.

Who do you think will triumph when this matter goes to court?

The facts of this case are quite simple:

One person (Kelvin) owns and runs a business that is legally registered and recognized by law. The other person (Tobi), although running a very successful but unregistered business, has become a victim of his own mistake. He owns and has been operating a business that doesn’t legally exist and in the war of law, he will have lost the brand name "Tobi Clothes" and will be revoked from using it.

This is a sad example of the kind of unfortunate things that could happen when a business is not properly set up and registered.

It is often tempting to postpone or think that business registration can wait or is not really important.

The truth is, you may be building something that could become very big and popular in the future. However, if you don’t do something as basic as registering your business, all your hard work could easily be wasted, or worse, taken over by somebody else.

In summary, this story teaches us (with a hard lesson) exactly what a registered business is. It is one that legally exists and is recognized by law. It is one that enjoys certain rights, benefits and privileges that an unregistered business cannot enjoy.

In a later section of this article, we shall look at all the other reasons why you just have to register your company.

What are the options? What are the types of business registration available?

Before we look at the reasons why you should register your business, it’s important that you know the types of business entities that exist and how they’re different from one another.

This will help you to decide on the right type of business registration that best suits your circumstances.

  1. Soul Proprietorship
  2. Partnerships
  3. Private Limited Liability Company
  4. Public Limited Liability Company.

We will be discussing more about these types of registration, where and how to register tomorrow.

What experiences have you had when you or someone close to you did not register their business?

You can run an online business and still get extra cash from Freelancing and Affiliate Marketing.
In fact, we recommend you sign up to Fiverrcashng and learn more about Affiliate Marketing from me

How To Quit Your Job Properly and Focus On Your Business

How To Quit Your Job Properly and Focus On Your Business

One day my company’s CEO announced a new policy. It was unreasonable and there was unrest amongst the staff. After the meeting, I told the head of my department that I would continue to break the rule.

She declined to take any action, but I assumed I would be fired soon, so I resigned. That way, even if I was fired during my last two weeks, I could truthfully say I quit on future job applications since my resignation came first (there’s a resume trick for you).

The details of the policy and name of the employer are not important, but here’s the rest of the story: The CEO ignored my rule-breaking (and eventually changed his mind on the policy). I worked another month at the request of my department head because she had always treated me well.

When I finally left, she shook my hand and said I was welcome back anytime.

After leaving a couple of jobs over the years, I have become a job-quitting expert. And leaving that job gave me the time needed to begin this much-more-satisfying career as a freelance writer. So it seems only natural to share my expertise, starting with the obvious advice…

Avoid quitting a job impulsively.

Carefully consider a few questions first. Are there alternatives to quitting? Have you made preparations? How can you leave on good terms in case you need the job back? Are some bridges meant to be burnt? Can you comfortably lose the income, even if the loss is temporary? Are you starting a business? Have you started the business and the income is sufficient?

With enough money in the bank, you can quit a job you don’t like anytime, even before you line up another one. Many financial authors recommend six months of savings in the bank, but I prefer to have enough money saved to pay the bills for a year.

2. Develop Other Income Sources
This should be the main reason to quit your job, well, except your boss is mean. If you have more than one stream of income (Affiliate Marketing is a good source), quitting a job is easier to handle. If you have a side hustle or two and some investment income, you’ll be in a strong position to make job decisions without worrying too much about paying the bills.

3. Maintain a Current Resume
Keep a resume ready and up-to-date. If you’re qualified for several types of positions, make a resume for each.

4. Keep Your Fixed Expenses Low

It’s easier and safer to quit a job if your living expenses are low, but the type of expense matters greatly. For example, it’s not necessarily a problem if you spend a fortune eating out and going to movies every night because you can immediately cut those discretionary expenditures when you’re between jobs.

How to Quit Your Job

Your boss might deserve to hear “take this job and shove it!” as you walk out the door in the middle of the day.

But it’s usually a bad idea.

I’ve quit without notice twice, and the employers did deserve it, but I (mostly) held my tongue, and I walked out suddenly only on short-term jobs I could leave off my resume.

Unless there is a good reason to do otherwise, give at least two weeks’ notice, and tell your employer what you liked about working there (c’mon, there has to be something). You might want the job back someday, or a future employer might talk to this one. To the extent possible, leave on good terms.

More importantly, do a good job while you’re still there. If you’re tempted to slack off because you hate the job or your boss, it’s time to go. You deserve to be treated right, but your employer deserves to get what he pays for.  

Put your resignation in writing. If you’re not sure what to say, look for templates and examples of resignation letters online. Essentially, you want to explain, give a time-frame and thank your employer for the opportunity to have worked there.

What About Your Resume?
Yes, your resume and future job applications may look less than ideal if you quit too many jobs. But there are a few tricks to making them look as good as they can.

First, leave a few things off the resume. A job you had for a week isn’t relevant, is it? If you have many past jobs to choose from, include the ones that are most relevant to the position you’re applying for, and don’t mention the others.

What about that part on the application where they ask why you left a previous position? No problem; as a complex human being you always have multiple reasons for quitting, so just choose one your new employer prefers to hear. He doesn’t need to know you just get bored with jobs after the first few months (yes, I’m talking about myself).

One solution is to always have a small business on the side. Then, if there is a gap in your employment record, you were “focusing on your business.” If your business is incorporated, you can even put yourself down as an employee during those otherwise blank stretches.

It also helps to round off the dates of previous employment. For example, if you quit a job in January and started another in November of the same year, writing down just the years you worked at each will make it appear as if there is no gap.

I’m not suggesting lying, but employers who look at your resume probably won’t tell you the bad things about working for them, so why should you volunteer negative information?

Of course, no matter how many tricks you use, if you quit too many jobs, your resume will suffer. Just consider that part of the price you pay for job-quitting freedom.

Your Turn: Are you ready to quit your job? If you’ve quit jobs in the past, what strategies have helped you?

If you would like to quit your job today and make money and live your dream life, I can teach you via Affiliate Marketing.

Alternatively, if you would like to get jobs as a freelancer, you should really signup on Fiverrcashng


How To Earn Maximum Amount Of Profit From Your Blog In 2019

You want to make money, right? Of course, you do. Everyone wants – and needs -to make money. So you started a blog since you’ve heard it’s an easy way to make cash, but you’re not quite sure how to actually make money doing it. Or maybe you already have a blog and you’re exploring ways to monetize it.
No matter which group you’re in, making money with a blog – whether it’s a hobby blog or a business blog –is possible. It’s not a get rich quick ordeal, but if you do it right, you could make enough to support your family and more. Let’s dive in and see how you can make a profit with your blog.

Monetize with CPC or CPM Ads

One of the most common ways bloggers make money is through placing ads on their site. There are two popular types of ads:

CPC/PPC Ads: Cost per click (also called pay per click) ads are usually banners that you place in your content or sidebar. Each time a reader clicks on the ad, you are paid for that click.
CPM Ads: CPM Ads, or “cost per 1,000 impressions,” are ads that pay you a fixed amount of money based on how many people view your ad.
Perhaps the most popular network for placing these types of ads is Google AdSense (Google has strict requirements). With this program, you do not need to be in direct contact with advertisers; you simply place the banner on your site, Google chooses ads relevant to your content, and your viewers click on the ads. There are countless similar programs available if you find that AdSense doesn’t work for you, such as Chitika, Infolinks, and

Sell Private Ads

Working with advertising networks isn’t your only option when it comes to selling ads. If you end up with enough traffic, advertisers may come directly to you and ask you to place their ad on your site. You can also contact advertisers yourself. The biggest difference from the above-mentioned option is that there is no middle man, which means you can set your own ad rates.

Selling private ads can come in the form of banners, buttons, or links. You can even make money writing sponsored posts where you write about or give a review of an advertiser’s product or service.
The ways you make money with this can vary. For instance, you might charge a one-time fee for a link within a post. If you are hosting banner ads, you might charge your partner monthly.

To maximize your income, you can even go as far as selling sponsorship space in your email newsletters
To make the best of this, we recommend that you prepare a media kit.

 Include Affiliate Links in Your Content

Affiliate marketing is also another great tool for monetizing your blog. Here is how affiliate marketing works:

An advertiser has a product she wants to sell. She agrees to give you a commission from each sale if the buyer is coming from your site.
She gives you a unique link that tracks your affiliate code. That way, she knows when a buyer used your link to make a purchase.
You include your affiliate link on your site. You can do this directly in the content or through banner ads. If a reader clicks on your unique link and buys the product you have recommended, you earn a percentage of what she purchased.
You can utilize affiliate marketing through ad networks like ClickBank, or you can create private partnerships with advertisers and businesses with an affiliate program.


Sell Digital Products

If you would rather not advertise other people’s products on your site, or if you are looking for another stream of income, consider selling digital products. This can include items like:

Online courses/workshops
Images, video, or music people can use in their own content
Apps, plugins, or themes
Just remember that if you are going to choose one of these avenues that you make it relevant and useful to your readers. A lot of bloggers make the mistake of assuming they are developing a product their readers need; listen to your readers first, and then create a digital product that will meet their needs.

Use it as a Content Marketing Tool for Your Business

It is also possible to sell physical products on your blog and to make money that way. Instead of thinking of it as making money from your blog, however, think of your blog as a content marketing tool that will drive visitors to your business website.

The possibilities are practically endless when it comes to developing a business blog. You could sell hand-made products, books, manufactured products, and so much more. Or you might already have a business and decide to start a blog to convert loyal customers.

Let's say, for example, that you refurbish and resell used smartphones out of your home. You could use a blog to attract visitors to your website where you list your current phones for sale. Your blog might cover topics about DIY refurbishing. On one level, it seems counterintuitive because you want people to buy your phones, but it also helps you build a brand and gain recognition.



Online Ideas You Can Make Money From

Online business continues to grow at double-digit rates. According to eMarketer, there was a 24.8% increase in 2017 over the previous year. The global worldwide sales reached $2.304 trillion, with mobile accounting for 58.9% of those sales.

As online business continues to take a bigger chunk of the traditional retail market around the world, this is a good time to get your online business ideas up and running.

This is because 47.3% of the world population is expected to buy online in 2018. And as more people use eCommerce, customers will be looking for new and innovative online business ideas to make the experience even better.

Online Business Ideas

1. Blogging

Blogging is a viable business opportunity that allows you to choose a niche that really suits you. And you can make money through advertising, affiliate links, info products or any number of other avenues.

2. Become a Freelance Writer

While a knack for writing is necessary, becoming a freelance writer online can earn you thousands of Naira- and is typically a pretty easy gig to find.

Sites like UpWork offer lots of great freelance jobs that can earn you over $1,000 - and, lots of other freelancing pays per hour as well, earning you an average of $15 to $20 per hour.

3. Buy and Sell Domains

Many people buy and sell domain names to earn money online since it takes very little time or investment. You can purchase a domain at its registration price or even much cheaper and then resell it for a profit. But, it always pays to do your homework first on websites like,, or other domain auction websites in order to get a good idea of what’s popular in terms of domain names. An ideal way to find really good names is to check out terminated lists that offer many expired names and have made their way back into the pool for people to buy. A good site for this is where you can put in your desired keyword that you want in your domain name and a long list of domain options will appear.

4. Online market trading

The historically hard-to-break world of investing in stock markets and currencies has been cracked wide open. Today there is no need to be an expert or a financial analyst to trade online. You can do it all yourself with the help of online market trading platforms.

5. Take surveys online

While taking online surveys won’t make you rich by any means, a few minutes of your time can earn you a few extra dollars.

There are a number of websites that will pay you to take surveys:

Harris Poll Online
Opinion Outpost
National Consumer Panel

6. Social Media Manager

If you’re social media savvy, you can offer your services to brands that want help managing their social media accounts on a daily basis.

7. Social Media Consultant

Alternatively, you can simply offer your social media expertise to clients online instead of actually managing the accounts for them.

8. Social Media Influencer

Or you can instead focus on growing your own social media accounts. And if you garner enough influence within your network, you can build a business as an influencer that works with brands to promote products and services on your account.

9. Start a YouTube Channel

Despite the fact that not all of us will earn YouTube stardom, some of us might - and that's exactly how you can make money for your videos on YouTube. 

The popular platform can potentially generate thousands of dollars of income - but, there is more than one hoop to jump through.

10. Become a YouTube partner

The big money on YouTube is if you meet the requirements to become a partner. This year, YouTube changed the requirements to become a partner. You need to have a channel that has reached 4,000 watch hours in the previous 12 months and 1,000 subscribers.

When you’re a partner, you start earning by how many views you receive. Here’s how it works: “YouTube takes around a 45 percent slice of advertising revenue, although the CPM (cost per thousand) that advertisers are charged varies. Most partners earn anywhere between $0.30 to $2.50 CPM.”

11. Connect to Google AdSense

Once you become a Youtube partner, you can connect to Google AdSense, their advertising system. You’ll be paid based on the number of “impressions” your videos get. That’s when someone clicks on or watches an ad.

12. Product placement

If you can get companies to sponsor your videos, or place their products in their videos, you can generate even more income. But you’ll need to inform YouTube of these product placements, or they may pull your partnership.

13. Write an e-book

Writing an e-book and selling it is a lot like making courses online. Again, if you have a topic you want to write about—it could be as simple as the hobbies you like—writing about it should be easy, and if you can find a site willing to buy your book you can rake in a little extra cash.

You can go through Amazon Kindle Publishing—they’ll charge you a commission each time you get a sale, but their reach is huge, so you’re more likely to sell more copies.


How Much Can You Earn From Affiliate Marketing?

Can You Really Make Money With Affiliate Marketing?

Can you make money with affiliate marketing? The short answer is yes, affiliate programs can earn a extra money and even a full-time income from home. The long answer is a little more complicated. Like any home income venture, success comes not so much from what you choose to do to make money, but whether or not you do what needs to be done correctly and consistently.

The Reality of Affiliate Marketing

The problem with affiliate marketing, like many other home business options, are the so-called gurus and get-rich-quick programs that suggest affiliate marketing can be done fast and with little effort. Odds are you've read claims of affiliate marketing programs that say you can make hundreds of thousands of dollars a month doing almost nothing ("Three clicks to rich!"). Or, they suggest you can set up your affiliate site, and then forget it, except to check your bank deposits.

The reality in affiliate marketing is that it's like most other work-at-home ventures; there are a few who are filthy rich, a good number who are successful enough to meet their goals, and a ton who aren't making anything.

The question isn't really whether or not affiliate marketing is a viable income option (it is), but whether or not you can make affiliate marketing work for you. Only you can decide that, but to help you decide, you can check our previous post on the pros and cons of Affiliate Marketing.

How Long Did It Take Other Affiliate Marketers Before They Started Making Money?

While it’s true that “it depends”, I’m going to assume that you’re intelligent enough to actually know that. It depends on your niche, how many hours you put in per week, how serious you REALLY are about succeeding, and how fast (or slow) of a learner you are. Heck, even luck plays a role.

But you already know all of this. You just want a general answer. Can you start making money this week? This month? This year? With affiliate marketing, how long does it take?

Here’s the direct answer and you might not like it. Affiliate marketing takes about 12 months to start seeing success. At least true and consistent success, that is what most expert Affiliate Marketers said.

I can hear you now… “A YEAR?! You mean, I have to put in time, money, and effort for a YEAR before I see any success?”

Yeah, pretty much., however, I believe with even better planning, vision, goal and hard work, you can start earning cool money in 6 Months!

Now, this does not mean you will not make money when you just start, this only means that your earnings will be unpredictable, scanty and inconsistent.

How Much Can You Earn From Affiliate MArketing?

Two questions we often get asked:

  1. “How much is it possible to earn from affiliate marketing?”
  2. “If I quit my job, how long will it take me to earn X/day?”

Both answers depend on your competence, but I realise there’s an insatiable hunger for concrete figures. So, here’s my take on the matter…

There are five earning brackets in this industry.

  • Affiliate Apprentice – Losing money.
  • Low-Level Affiliate – Anywhere from 0N - N5,000
  • Intermediate Affiliate – Anywhere from N5,000/day up to N50,000/day.
  • High-Level Affiliate – Anything above N50,000/day.

One of the rare laws of Affiliate Marketing is: "Revenue is vanity and profit is Sanity"
In other words, if a person is making a revenue of N100,000 per day and a profit of N5,000 and another person earns N50,000 in revenue but a profit of N10,000. The second person is better off when compared to the first affiliate marketer.

Aligning Expectations with Earning Potential

My answer to the question, “If I quit my job, how long will it take me to earn X/day?” is often a swift “Forever“, and here’s why.

Many affiliates fail to align their earning expectations with work that is actually capable of delivering the desired income.

Here’s a breakdown of where each type of affiliate is likely to invest his time:

  • Low-Level Affiliates: Focuses on pockets of profit around the web. He ignores economies of scale in favour of high margin campaigns on smaller traffic sources that tend to be extremely volatile. Examples include dating sites, small-scale Facebook Ads, Juicy Ad buys.

  • Intermediate Affiliates: Focuses on high volume traffic sources with smaller margins than the Beginner, but more volume. Obscenely clustered around the dating niche (and more recently adult dating). High competition on large traffic sources reduces the size of the pie for all. Smart movers in this category target mobile marketing and pop traffic.

  • High-Level Affiliates: Focuses on mass-market media buys and hugely scalable traffic sources. Often trades convenience (self-serve traffic sources) for direct buys with better margins and all of the pie. Greater risk involved, more capital required.

  • Apprentice Affiliates – Focuses, invariably, on all of the above, to his own detriment.


How Much Money Should I Save Before Quitting My Job

On Tuesday, we started talking about how to transform your life from depending on a salary job to starting a business and living your dream life. We have been getting requests asking, how much do I need to save up before quitting my job?
Quitting your job is scary. You’re essentially walking out of the most “comfortable” position you’ve ever been in financially and from pretty much everything you’ve considered “normal” about making a living over the past few years.

You’ve made friends at work, learned a lot, and have been challenged beyond belief.
At the same time, leaving safety also represents that freedom you’ve been yearning after for years.

Many people think that leaving your cushy day job is asking for trouble. And they are right to a degree – by choosing to leave your job, you’re up against one of the more difficult things you can do in life…both mentally and emotionally, as well as financially….and you’re doing it voluntarily – you badass.

And if you are the said badass, you have been dreaming about when you will walk away from your current job for the last time in ecstasy.

1. Save at least six months’ expenses

 living in your parents' house or constituting a nuisance by squatting with a friend or another family member is your idea of a good financial backup plan, failing to figure out how you'll make ends meet after you quit your job could make you even more miserable than staying there. So before taking that leap, be sure to have a solid plan for paying your bills after you ride off into the sunset.

This is especially true for the bills that will keep your new business afloat.
Plan to bank even more money before you quit your day job, since new businesses often take a while to turn a profit, and may also require additional unexpected startup costs.

The golden rule is to save three to six months' worth of your fixed living expenses before leaving. Having those reserves will give you financial comfort when leaving a job so that going forward you can pursue the notion of living your true values.
 Depending on the nature of your business, you may have to save up to 6 - 12 Months' worth of your fixed spending expenses and also the capital for your business.

Know exactly how much money you need to afford your life and Business

Start by calculating the exact amount you earn after taxes and don't forget to deduct any automatic transfers or other funds. Next, spell out your monthly expenses — creating a spreadsheet might help. Include your bills and any ongoing debts that must be covered. You can start from your average, day to day expenses.
For example, if I made note of how much I spent every day, wrote it down at the end of the day. It varied from N1,000 - N2,000 for each day. I did this for 14 days, added everything together and divided it by 14 days. I got N1,650. I went ahead to multiply it by 30 days. That means I spend an average of 49,500 per month. I add an additional N10,000 for miscellaneous and emergency. 
For my basic living, it means I will need N60,000 multiplied by 6 for the next 6 Months. That is N360,000.
Now I need to calculate how much I need for my business. For My Digital Marketing, I need a startup fee of N150,000 and monthly N50,000. That is a total of N450,000.
Hence, in order to quit my job without worries, I would have saved up a total of N810,000.

2. Plan to live on (much) less

If a career change is important, you simply can’t “afford” to hold it hostage because you’re resisting a lifestyle change. Financial scholars call this the “hedonic treadmill.” That is, human beings adapt quickly to the achievements and lifestyle advances they make, and happiness peaks as we level off to the new normal. 
One minute you’re happy living off indomie and garri noodles and splitting the rent with four roomies; the next, you have an apartment to yourself, a big screen TV and you are thinking of buying your first car. Once we decide to cut back, we soon forget about our happy circumstances in earlier days and loathe stepping backwards.

But you don’t have to travel all the way back. Consider incremental changes: a cheaper apartment, hold off on that new car and phone. Spend fewer nights and lunches eating out. (You should also approach hitting the bar with caution, though some sacrifices are easier to make than others.)

The more you can cut back, the further your savings will go; the same amount of money required for six months can last perhaps twice as long and give you more breathing room.


3. Try Freelancing

Just because you've saved six months' worth of income doesn't mean you should chill for six months before generating new income. You can add to your stash without making a huge commitment by freelancing. In fact, we recommend you to try Affiliate Marketing. With Affiliate Marketing, you do not need to spend too much time on it, you get to make some extra bucks and focus on your business too.


Extra Tips On How To Quit Living On Scrawny Salaries

Yesterday we started talking about how you can sack your boss, start a business and be a millionaire. We talked about how you needed to believe in yourself and the steps to take to ensure you do.

Now let me start by saying, do not quit your job yet .you are probably wondering what the whole point if you are not quitting your job yet. Well, the point is you probably do not have a thriving business or side hustle yet. You will most likely go broke if you quit your job. Unless you have a substantial amount of money stashed up somewhere then, by all means, quit your job.
However, if you are like most people, you should not, because you will need to pay bills, feed and also fund your business.
Now let us talk about the steps to take.

1. Pick Low Budget Business/Side Hustle

One of the first and best things you can do for yourself is to pick a business that requires little resources. Resources in the sense of capital, manpower, energy and even time. You do not want to pick a business that will cost you a fortune to start or a business that will take way too much of your time. You should also stay away from a business that requires a lot of manpower from the very beginning, your business model should require just you and perhaps one more person at the beginning. Hence, you will have to develop several skills to ensure the survival of your business and to cut down unnecessary cost. Here are some things to consider while picking a skill:


The first thing to consider while picking a skill is how profitable the skill is. Remember that this skill or skills will shape your business for you.
Here are some of the most profitable skills:
  • Coding
  • Graphics Design
  • Copywriting
  • SEO/Data Analytics
  • Editor/proofreader
  • Social Media Manager
  • Blogging
  • Digital Marketing etc.
To check for more skills that can lead to businesses for you, then you should read this.


Another factor to consider is the time and ease of learning and acquiring the said skill. For instance, if you learned coding for eight hours every day, it will take you about 180 days, that is approximately six months. If you have this much time, then you can go ahead. However, for contrast, it will take you about 30 days to learn digital Marketing proficiently in the same eight hours 30 days. That is a month. It is usually the same for most of the skills I mentioned earlier. However, this is not realistic, remember you are still working, hence, for the more disciplined ones, you will able to spend only half-time which is four learning hours. This means your learning time has also been doubled. 

The good thing is for Digital Marketing, you can learn on the go after just a month of learning for four hours daily. You should keep learning and look for an opportunity to practise what you have learnt so far.

2. Get A Mentor

You have picked the skill you want to acquire for your future business successfully, great! Now you need a mentor. Easier said than done right? Well if it is difficult for you to get a mentor, then you should stick to an online mentor. The good thing is you can pick one or two online mentors.  For me, I picked Digital Marketing and my online Mentor is Neil Patel. You need to follow your mentor on updates regarding your business. They do not even need to know that they are mentoring you, that is the great thing about online mentors.
Online mentors are great but I want to take it a notch higher so I will get an offline Mentor. How do I do this? I am registering for an offline Digital Marketing class soon. I chose him because he offers support after training and I get to have access to all his research materials and resources! 

3. Set Goals

Goals are an important component in achieving success. They serve as a guide to keep you on course when times get tough and prevent you from becoming distracted by unimportant matters. Goals also provide benefits in areas like planning, motivation and the attainment of rapid results.

Providing Direction

Goals can provide a future direction for your business, which will help guide you in everyday decision-making processes. If your goal is to expand your business, you can decide to use the income to hire an employee so your business can handle even more clients.

Facilitating Planning

Goals help you in the planning stages for your business. You may establish a goal of increasing revenue by 25 percent in the next quarter. This goal will force you to start planning how you can achieve that.


According to the Reference for Business website, goals can also be used as a motivational tool for you and when you eventually get an employee or employees. Setting realistic goals to increase your focus and motivation because you have something you are working towards.


Sack Your Boss And Become A Millionaire!

Ok, well I’ll be honest. I did not quit my current job, and I am not a millionaire…

I have a plan. What is the saying, “Begin with the end in mind.”? As you visualize your goals and desires, it is essential that you set yourself up for success from the beginning. You do that by picturing what you hope to accomplish and imagining what the result is going to look like. And because of the quote as mentioned earlier and due to the law of attraction I should have nothing to worry about right?? 🙂

Well, it is not necessarily that simple. However, I don’t care. I am beginning my journey to becoming my boss and being a successful entrepreneur. I know I am not the only one that has this same goal. Entrepreneurship is at an all-time high right now with more opportunities than ever to create the lifestyle that will ultimately make you feel successful. In whatever form that may be, I am right here with you.


Nearly everyone dreams of quitting his or her day job, whether it's tomorrow, next year or in the next decade. However, there is a wide chasm between "dreams" and "action" that many people never seem to cross -- and it's usually due to finances.

Obviously, if you want to quit, you need to find another way to make enough income to pay your bills, save for the future and enjoy life. But what's the best way to do this? How can you make enough "side income" now so you can quit your job in the near future?

I will share my masterplan with you, however, you do not have to follow in my footsteps, you can only use my plan as a reference point.


Success requires that you believe in yourself 110 percent, 25 hours of every day. For some, this belief comes naturally. For others, it must be learned and can take years of practice. Here’s how these billionaires, icons and world-class performers accelerated the process of developing an unshakeable self-belief.
We will talk briefly on how to believe in yourself and your dreams.

 Win in your mind first: 

You need to have a clear vision of what you want to accomplish. Without vision, you cannot do anything but when you constantly visit your vision, you are winning in your mind because you are feeding it your dreams.

Uncover the cause of temporary disbelief: 

There are days you will not believe in yourself and that is okay. However, find a way to identify the reason and cause of that your temporary weakness and look for a way to counter it.

Be maniacal in your beliefs:

Self-belief means being willing to go against societal norms and some very aggressive incumbents with vaster resources than yours. Be maniacal in your beliefs and determination. Only then will you truly believe in yourself

Stay enthusiastic:

Winston Churchill said, “Success is the ability to go from failure to failure without losing your enthusiasm.” Keep stepping up. Those who control their emotions and treat failure positively control their destiny! Failure is only one less way to try, do not give up!

Develop competence:

The brain needs to feel competent so it can trigger the confident exterior result. Get better at stuff. Build practical skills. Learn programming and public speaking. Get in the gym. Learn a sport like Brazilian Jiu-Jitsu. And get great at it. 
Be really good at any business you want to venture into, develop your skills, develop your knowledge, you will find you will be a lot more confident in your idea and yourself.

Magnify your unfair advantage

I haven’t met one person who doesn’t have an unfair advantage. To uncover your unfair advantage, take out a note, write down every win you’ve ever had in your life and put them on a wall.

Take stock of what you see. Put the top five to 10 accomplishments on your phone’s home screen. Look at yourself every morning and remember why you’re incredible: You’ve got the unfair advantage that can’t be replicated. Now find a way to use this advantage for your business idea. Integrate it into your plans, if it is practical with the idea, then make sure you continue developing your advantage (strength) maniacally. Most times it is better to develop your advantage/strengths to a formidable level before you start working on your weaknesses, well, except the weakness makes you a ticking time bomb for your business.

Keep working at it

If you don’t master your mind, it will master you, sabotaging your purpose, business and finances.

Keep your eyes on the vision you want to create. Listen to your intuition and build your intuitive intelligence. Most successful people work innovatively from their gut instincts.

Eliminate analysis paralysis and second-guessing yourself. Focus your attention only on what you want with great positivity, bringing you into positive consciousness. Otherwise, you’ll downward spiral into the five D’s we do to ourselves: Doubting, Disbelieving, Diminishing, Discounting and Dismissing (which destroys your self-esteem and sense of worth).

Surround yourself with positive, like-minded people. Success is supposed to be fun and enjoyable. Hire creative people who you vibe with and nourish your vision. Believe in yourself. Believe in your power. Believe and you will achieve.

Tomorrow we will continue this series, I will share my actual plan!


How To Make Loads Of Money As A Social Media Influencer

Savvy social media users can turn their hobby into a profitable business, and it's clear the time of social media influencers is here, especially the Instagram Influencer! The business of being a social media influencer may seem strange, but it's very much a legitimate source of income, and for many users, it's become a full-time career.

As social media continues to grow by leaps and bounds every day, so does the number of social influencers. Per the most recent stats, Instagram stands at 1 billion and Twitter at 330 million active monthly users, according to Statista. Facebook has, of course, surpassed them all and crossed the two billion monthly users mark recently

A social media influencer is essentially someone who can prompt others to participate in an activity or purchase a product by creating and publishing content on a popular social media network such as Twitter, Facebook, Snapchat, YouTube, Google Plus, and others. An influencer has a high number of followers or subscribers and a high ratio of regular interaction and engagement with their fans

1. Be Genuine!

Brands are willing to pay for your influence on social media. However, they will not pay you blindly. Simply having a large number of followers on your social channels is not good enough.

With the multitude of tools and tricks available, anyone can buy followers on social media. However, you must remember that fake followers are not genuinely interested in you or your content. So your level of influence on them will be scant.

Instead, you must work on growing your followers using your personality and great content. It is important to find a niche that resonates with you. If you are able to tell a compelling story to your audiences, you are most likely to win them over. The more authentic your story is, the more influence you can exert on your followers.

2. Make money with sponsored posts.

Once you have acquired a few thousand genuine followers, you can start pitching to brands for sponsored posts. These posts can have content created by the brands, or you can create them as well. Depending on your contract, you will then be responsible for posting them on one or more of your social accounts.

Crowdtap is a good example of a platform that connects brands and influencers. If you're confused about how much to charge for each sponsored post, you can use Social Bluebook. It is a platform that will help you sync all your social media accounts and create proposals. These proposals are created taking into account your follower count and influence level.

3. Try affiliate marketing.

Another great way to make money using your social influence is through affiliate marketing. With affiliate marketing, you are simply promoting the products or services of another brand. So when your followers make a purchase from an affiliate link, you get a percentage of it.

The most important thing to remember here is to choose brands or products related to your niche. If you steer away from it in your attempt at making money, it will do you more harm. If your followers do not see a consistent brand personality, they will soon unfollow you. Try putting yourself in your followers' shoes and think about what products they might benefit from.

Some of the most popular affiliate marketplaces are Amazon, CJ Affiliate, and ClickBank. The best way to use affiliate marketing that does not come across as spammy is to write product reviews. Also, it is recommended that you tell your followers upfront about your affiliate relationships.

If you will like to learn affiliate marketing with Clickbank and be a millionaire in no time, click here!

4. Create or co-create products.

Successful social media influencers use their influence to promote their own products or services too.

For example, if you are an expert in a field and you are known as an expert. Then you ought to be an influencer. If I am a popular fitness coach, I will run a business by selling workout programs.

You can even collaborate with the brands you work with and co-create products or services. For such partnerships, you can receive a commission on sales or charge a fee for becoming a brand ambassador.


The possibilities are endless once you have established a secure foothold on social media. It might take some time and effort to build up a decent follower base. However, if done well, the results will be well worth the investment.

Also, remember to continue engaging your followers with fresh content. Your followers are the people who pave the path to your success. Once you embark on that journey, don't leave them behind.


How To Become A Virtual Assistant

The online world is a haven for jobs, provided you know your way around and the demand for freelancers/remote workers is increasing from time to time. There is a freelance opportunity not many people are talking about, at least not in Nigeria. We are talking about virtual assistants. You will be surprised how much money virtual assistants are making.

What Is A Virtual Assistant?

A virtual assistant is anyone who offers services to other business owners from afar in exchange for an agreed upon fee.

Pretty simple right? As you read through this post, you’ll quickly begin to understand why we decided to create such a broad definition.

What Services Does a Virtual Assistant Provide?

The second most common question we are asked revolves around the types of services that you can offer as a VA. The truth of the matter is that there is no cut and dry list of activities that a virtual assistant does.

  • Customer support
  • Processing online orders and refunds
  • Website design
  • WordPress maintenance
  • Graphic design and layout
  • Calendar management and travel arrangements
  • Content creation for blogs and ghostwriting
  • Editing and proofreading
  • Transcription
  • Content research
  • Keyword research
  • Email management
  • Bookkeeping
  • Data entry
  • Creating sales pages
  • Managing product launches
  • Social media management
  • Project management
The list goes on and on! For many busy entrepreneurs, the greater the variety of tasks you can handle, the better.

How To Become A Virtual Assistant

One thing to keep in mind as you read through these is that your objective is to start promoting and pitching your services as quickly as possible. Acquiring clients and generating revenue should always be at the top of your priority list.

Choose Your Business Structure

There is no such thing as cookie-cutter advice when it comes to selecting your business structure. The answer will vary depending upon a variety of different criteria including:

Where is your business physically located?
What types of clients will you be working with?
What type of VA work will you be doing?
Your personal situation (ie. spouse, family, children and liabilities).
What is your personal risk tolerance?

Decide Which Virtual Assistant Services You’ll Offer Your Clients

Making a decision on services is a sticking point for many new VAs. The good news is, it doesn’t have to be. There’s no rulebook anywhere that says you have to stick with a specific service offering once you start.

When most people think of the typical VA services the things that come to mind are checking email, returning phone calls and managing their client’s calendar.

In many instances, it can include those things, but there are plenty of other services you can offer as well.
You’re completely free to grow and adapt your business as you see fit. This means changing, adding or eliminating services based on client demand, profitability, your available time commitment and your personal interests.

Decide on Your Pricing Structure

Everyone wants to know “how much does a virtual assistant make per hour?” What the right amount to charge and how much is enough (but not too much).

When you’re setting your rates, figure out what would make it worth your time. If you’re planning to charge hourly (at least initially), you’re trading time for money so it’s important to consider several important factors: most notably your bills that will be incurred.

To give you some personal context, you can start out charging $10 (N3,600) per hour. You can later increase this accordingly or move from this hourly model to a more a fixed or retainer rate.

Launch Your Website and Create Your Online Presence

We feel strongly about the idea that if you’re going to be working online and providing virtual assistant services from your desired location, it only makes sense that you have an established online presence. 
In most case that includes both a website and a social media presence. No matter how you slice it, the combination of those two items makes it much easier to market your business to potential clients.

As a general rule, we recommend WordPress and a custom theme when setting up your website. 
When it comes to social media, we recommend that you keep things as simple as possible. Instead of trying to juggle multiple social media platforms just follow one simple rule: be where your clients are.

Land New Clients by Pitching and Networking

The final and most important step towards launching a new VA business is, of course, finding your first few clients.
Getting from client number 0 to 3 takes a lot more work than getting from 3 to 6. The difference seems to be a result of time, exposure, experience and confidence. Once those four ingredients begin to kick in, the growth process becomes easier.

The process that we encourage both new and experienced VAs to follow when building their business is simple. It involves being both proactive and consistent in your efforts and we have a simple process for finding virtual assistant clients:

Step #1: Know who your ideal clients are. 

Step #2: Find the ideal prospects in your target market.

Step #3: Begin building a relationship with potential clients. 

Step #4: Pitch new prospects daily. Until your business grows to the point where referrals are consistently rolling in, you need to rely on pitching. 

Step #5: Offer a trial period. 

Step #6: Check in early and consistently. Communication is important.

Step #7: Make yourself irreplaceable. If you are interested in keeping a client for the long term, the best thing you can do is provide as much value as possible. 


Guide To Making Lots Of Money From Online Guides/Courses

Recently, we talked about different online businesses you can start with little money. We talked briefly about Creating Information Products. Information products come in different forms. Ebooks, Video Tutorials and even Webinars. These products are sort of like courses and you will be surprised how many people will be willing to pay to get access to your information.

It goes without saying that you already have a topic, idea or niche you will like to sell. Sharing your skills through online courses is one of the best ways to make some major bank right now. Enough talk, let dig in.

Research Your Competition and Audience

No matter how original you think your course idea is, someone out there has probably had a similar thought and may already have launched their course.

You can learn a lot from your competition. If you see someone with a course idea similar to yours, see how they break down their content. Maybe they offer a module you hadn’t thought of! And if you spot things that don’t work so well, you can avoid them in your own course.

More importantly, competition indicates there’s a market out there for that kind of course. If no one else is offering a course idea like yours, it could mean you’re the first to the market, or it could mean there’s no demand.

No course is universally appealing to everyone, and even if a large audience might potentially be interested in your course, you’ll have more success if you deliver a tailored message to a specific audience rather than creating a “one size fits all” course.

By narrowing your audience, you’re more likely to attract your ideal learner. Once you’ve identified who that learner is, find out how to address their needs and interests. You’re unlikely to attract adult learners by offering piano lessons in the middle of the afternoon on a weekday, but that may be perfect for kids just getting out of school.

Set up a website and email address for your course

If you want to sell online courses, you’re going to need a website. Fortunately, setting up a website on a platform such as WordPress is quick and efficient, and given the wide range of plugins available to course creators, doing so will save you a lot of headaches down the road

Begin marketing

Yep, that’s right. You should begin marketing your course right away. Start a blog, a podcast, a video series—whatever it takes to get the word out there. It will take time to grow interest, so it’s better to begin growing that audience now, rather than put in all the work to launch a course only to have it go nowhere for months.

Choose your delivery method

How are learners going to engage with your course content? Choosing the right Learning Management System (LMS) can make or break your course. Pick a system that lacks some of the functionality you need or doesn’t give you room to grow and it could limit your ability to deliver the best content.

To avoid this problem, start by identifying the key characteristics your LMS needs to have in order to fulfil your needs. Then eliminate any options that don’t meet those characteristics. Once you’ve settled on a shortlist, talk to the company and see if you can test or demo their service. Again, doing this early on in the process will help you understand what you can accomplish with your course, and it may give you ideas about how to better create course content.

Run a beta test.

When you are ready to launch your course (or a part of it), it’s time to start testing. This is where your marketing efforts will start to pay off. If you’ve been chronicling the development of your course and attracting interested learners along the way, by now you should have a list of people to contact to find beta testers.

Offer testers an incentive for trying out your course early, such as a few months of the course for free once it does launch or a downloadable ebook. They’re doing you a favour, so it’s only fair to compensate them for their time and effort (and doing so will build goodwill). Running the beta test itself is just like launching your course, only for a limited audience. Remember to leave a channel open for feedback from them. In fact, you should encourage feedbacks.

Set a price and launch your course.

Finally, you’re ready to go. By now you should have a good idea from your competition and your audience research of what a reasonable price for your course should be. All that’s left is to set the price and launch.

With your full course ready to go, now’s the time to start running some online ads. But don’t neglect your content marketing either. Keep building your audience, and over time, the investment you make in your content will pay off.


Reasons Why Your Online Business Is Losing Money

Last week, we discussed why businesses fail, we highlighted several reasons. Below is a continuation of reasons why businesses fail.

1. Busy But Not Productive

You attempt to grow your following on Facebook and Instagram but instead of being tactful and succinct you spend entire days on there browsing aimlessly. You spend hours working on your business cards, fancy website and all the glamorous part of the business without paying heed to the gritty and tactful part of the business.

2. No Business Goals

Many online businesses fail because they do not have any goals or expectations. Yes, you may have a vague goal of “make money by selling online,” or may expect to be profitable by offering a service or piece of software, but you should have some very specific goals beyond that. For example, using our baby supplies example, these might be some realistic goals:

Make N2,000,000 a month from online sales
Sell 500 packages of cloth diapers per month
Reach a 10% conversion rate by the end of the year
Without one or more goals, you won’t know what you are striving for. Many online businesses fail to succeed because they never set these kinds of goals. Without goals, they may not have a clear direction for their activities, and may never do the right things to help turn a profit.

When you are setting goals for a new business, start small, and remember to be realistic. You may want to set a goal of making 25 sales your first month or reaching a set amount of profit. Once that goal is met, you can set a new goal.

However, make sure that you are doing the right kind of work to help meet your goals. If you set a goal to increase your revenue, but you don’t ramp up your marketing activities, properly optimize your website, or add additional products and services, you may find that your sales stay flat. For this reason, you may want to add a “by” or “how” statement for your more advanced goals – something like “I will increase sales 10% this month by adding 200 new products to my store.”

3. No Passion

Many people start or run online businesses that they do not have a passion for. In fact, most are bored out of their minds by their business. This can make them easily get caught up in a rut thereby leading to poor performance. This will, in turn, lead to a continuous loss of money.

4. Not Having A User-Friendly Website

A basic ingredient to run an online business is to have a well-designed website. You need to put everything regarding your business in your web pages. People will come across your business through your website. When they will visit your website, it should make a good first impression on them. This means that each colour, font, image, symbols, text, etc, elements you pick to create your website should impress the visitors.

Your website must hold all the information that your target customers want. It must have pages such as About Us that tells all about what your company and business does. Tell how your business stands out in your niche market. There should be details about the products or services you sell.

Also, mention the specific solutions that your business provides to the customers. Makes sure that your website has other pages like Contact Us that has your company’s physical address or any other address.

Pages such as Terms and Conditions, Privacy Policy, etc. must also be there as part of your website. But most importantly, your website design should stand out in its use of design concept, colours, typeface and various other elements

5. |Poor Social Media Presence

Another reason for the failure of many online business startups is that they simply ignore the power of social channels in promoting a business. In the modern world, people use social channels to get updated information. They communicate with the world using a variety of these channels including Facebook, Twitter, YouTube, Instagram, Google+, and many others.

Your potential customers are mostly present on different social media. Make sure that your business has a dedicated social media page on most of these channels. Then, post content regarding your company, business, products or services regularly. The content should be such that they can interact with your business. You will be surprised the number of sales other businesses get from social media. Social media is so powerful that some businesses use social media soley.


Affiliate Marketing beginner's guide

Affiliate Marketing beginner's Guide

The hardest thing about being an affiliate marketer is getting started. It's the foundation of a house that's most important. Once you're through with this stage, your Affiliate marketing business is almost set and ready to fire! Affiliate marketing is an exciting alternative to the traditional way of making money through advertising on the internet. This is why you need guidance: you need someone to show you the way, to take you by the hand and show you how to make money doing Affiliate marketing. Having said that, here are some important things you need to have to begin as an affiliate marketer. 

1. Determine your niche: Focus is an extremely important part of this business. The more time you spend focusing on a particular niche, the more you're likely to achieve with that niche. You can decide to focus on Health and lifestyle, or Kids' toys, or on Travel, Economics, Fashion etc. There are so many niches in affiliate marketing and you can pick one of these niches and spend time learning and developing yourself in them. This doesn't mean you can't do a whole bunch of other things but try to limit yourself to two or three products at a time. It is advisable, however, to focus on only one product as a beginner. When you have learnt the ropes, you can decide to venture into other products because you clearly understand how the system works. This will definitely make you more efficient. It may not be a very easy task to determine your niche. There are so many products online. You can use analyzing tools to determine what niches are profitable and sell well. 

 2. Adequate research on the right  products:  Now that you have chosen a niche, carry out what lawyers call Due diligence. This means that you must do your search and adequate research on the product(s) you have selected. This will show you how well this product is doing in the market and how in-demand it is. Naturally, you should choose products that will earn you money online and products that have many vendors so that you can get a larger online audience. After some time, please remember to track you products data so as to help you identify what products are selling well and which ones aren't selling as much. You can then make improvements and target better results. 

3. Sign up to an Affiliate network: There are many Affiliate networks you can sign up for. Examples include Clickbank, Amazon, JVZoo and Commission junction. In Nigeria, we have the likes of Jumia and Konga Affiliate programs. For a beginner, it's advisable you choose only one Affiliate network to work with. Go with trusted affiliate networks that pay a decent commission on any product you sell.  Also ensure that whatever network you choose is good and easy to navigate and use and doesn't have too many regulations and restrictions, so that you can enjoy your work on that network. 

4. Build a website: It is now time to build a website  or a  landing page. A landing page is a digital marketing term. It is a standalone page created for the purposes of a marketing or advertising campaign. It is where a visitor lands when they have clicked on an ad or call to action. Building a website from scratch isn't difficult and has been made easier these days by online tools where you can go and create one quickly within five minutes. You actually need a landing page or a website if you're going to make good progress in this business. These are important parts of the work that can't be overlooked. You can also pay to help your website or Landing page get set up. 

5. Drive Traffic: This is the 'heart' of the Affiliate marketing industry. A beginner affiliate needs to get people to his website or affiliate network or landing page. If you can't get people to see your page, or see the product you're selling, you can't make profits. A marketer must understand how to generate free traffic and then when you've made sales, you can then go on to paid traffic. These days, we have facebook ads as one of the popular ways of generating traffic for a small amount. However, doing this requires a good knowledge of how it works and your being able to tweak the system to favour you because it's a little bit complicated. It's nothing to worry about however. 

6. Make sales: When you do all the steps about right, you will sales and this will convert to income. 

One important aspect of this business is advertising and developing a good relationship with your prospective customers and your existing customers. Good luck! 

You can start today to learn to make money doing Affiliate marketing!