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Stop hunting, Start farming 

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Stop hunting, Start farming 

 Your advertisement either sells or sucks 

Pick me, pick me. 

This is a tagline for an old popular infomercial by chivita where the orange fruits were screaming at the plucker for a chance to be harvested! 

I guess the orange fruits didn’t know they were about to be killed for human consumption. 

Chivita was making a great impression on the viewers, they showed you a field, and how the very best of the fruits were plucked and hereby processed to the fruit juice you bought. 

This was a well thought out commercial. 

Did you see this advert on TV when you were a bit younger? let me know in the comment section. 

If you’re wondering how this affects your business, you’re about to find out. Stay glued. 

Every Advertisement does two things to your prospect: Hunt or Farm

Let me explain what I mean by hunting and farming

  1. Hunting: This is when an advertisement is going for the kill from the onset. 

Just like our forefathers usually do when they go to the forest, taking an animal back to the tribe was the goal they didn’t care who reared the animal they killed. 

We couldn’t blame them anyway, they had to survive. 

How would you feel, if you had a sales agent come to you without greeting or an introduction and says ‘Buy this white shirt now’… Sounds ridiculous right? 

Well, that’s exactly how your advertisement may be sounding when a reader is going through it. 

I’m sure you can already think of 1 or 2 advertisements that sound exactly like this. They come across as too salesy, they’re just here to make a profit, nothing more, nothing less. 

Hunting passes a message of desperation to your prospects, which makes them more likely to underprice your product and subsequently devalue your product. 

After all, you shouldn’t push your product on them if it really has value. 

  1. Farming: Allow me to brief you on how plants are cultivated on a farm. Corn is an example in this instance. 

The soil is tilled, the seed is buried underground, the soil is regularly watered and weeds are taken away from the surrounding of the maize until it grows big enough to be harvested usually 3 to 4 months. 

Now I agree with you, you may not have this amount of time on your hand to persuade a prospect, but there is an equally good strategy for you to use in an advertisement to cultivate your reader.  

It is called the AIDA formula

A – Your advert must ATTRACT prospect

I – your advert must INTEREST prospect 

D- your advert must create a DESIRE In your prospect 

A- your advert must cause the prospect to take ACTION 

This formula helps you get your desired response from your readers, this formula works whether it is used in articles, podcasts, video, etc. 

Our Attention span is evolving by the day, you have a few seconds to grab your audience’s attention and get them to take your desired action. 

When used creatively, the AIDA formula will help you grab your audience’s attention and help you convert them to clients with ease. 

The Mobilization of Nigeria – Mobile Payment Growth Plot

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Naira

The mobilization of a nation. People are investing on checkout pages with links to make payment. Yes, great websites! But here is the deal: Nigeria is going mobile when it comes to money. Interestingly, despite the setback OPay recently suffered, its remaining payment business is a potent enterprise in Nigeria.

Data source: NIBSS

 

OPay Other Businesses Fail

Tekedia LIVE for Tekedia Mini-MBA Scheduled Monday 11am Lagos Time

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Good People,

Our team has posted today’s Tekedia LIVE for Tekedia Mini-MBA community; go to Week 2 board to watch. To avoid what happened today, we are expanding capacity to about 1,000 people. Your frustrations are well justified and I have asked the support to fix this. To compensate for that, we have scheduled a Live session on Monday at 11am Lagos time. Visit Week 2 board for the link. That session will also be recorded.

Meanwhile, note that we do not send emails to remind members that contents are live.  We had noted that every week, new contents go live at 12 noon every Monday, Lagos time. Do not expect any email as we try not to distract your daily activities. This is where to begin weekly: https://www.tekedia.com/dboard2/

Tekedia Mini-MBA continues to welcome new members; register here.

Thank you.

Ndubuisi Ekekwe

Lead Faculty, Tekedia Institute

Blockchain in Tekedia Mini-MBA

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He is a blockchain expert and drives software development in one of the largest blockchain-powered companies in Canada. He has worked in Microsoft, IBM, Royal Bank of Canada, and founded companies. He co-invented a novel way of using Blockchain for big data access control and filed US and Canadian patents.  

Uchi Nick Uchibeke will anchor a session on Blockchain during the Tekedia Mini-MBA. Uchi will help us understand the business mechanics of blockchain, and growing, scaling and profiting from it. Indeed, using blockchain and machine learning to build solutions in the Security, Health-tech, FinTech, etc domains.

He will offer flash cases, break the chain, and tear the block, in “blockchain”.

Tekedia Academic Programs

 

Risk Management At Tekedia Mini-MBA

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Our Risk Management session would be handled by a Risk Management expert. He worked in Risk Analytics in Ecobank, and served Fidelity Bank as a Risk Analyst and Strategist. Then, he moved to Sterling Bank where he was a  Market & Liquidity Analyst before  becoming Head Of Risk Management at Chapel Hill Denham. Akeem Rasaq, BSc, MRM, a Tekedia Institute Faculty, holds BSc (Actuarial Science) and Master of Risk Management from University of Lagos. He also holds a Master’s degree in Financial Engineering from WorldQuant University. Attend his class at Tekedia Mini-MBA.

Tekedia Academic Programs