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Home Blog Page 6749

The Failure of Nigerian Businesses and The Importance Of Marketing

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African entrepreneurs (credit: Harvard)

“Show me your marketing strategy and I will tell you how well your business will scale”

Firstly, I would say that I really do not like the structure of small businesses in Nigeria and their approach towards marketing. Then the next thing I would say is that I hate the fact the small business owners have not learnt to stand out.

If you’re out here and you’ve got crazy ideas, you have very good talent, dreams and visions, skills and you’ve struggles with gaining attention in the marketplace, then you did well joining the train.

I’d be showing you the failure of Nigerian businesses in the world today and why you need to step out of the crowd to rule your lane.

Few years ago, once you have an idea, it was very difficult getting the whole world to buy your idea.

No 1. The internet was at its new era in the country and it would cost more to get everyone to know.

No 2. The truth with an idea, a philosophy, a product naturally is that it only seems convincing to you.

There are over 8 billion other people in the world with different problems, different mindset, different thoughts, different things going on in their lives.

So whatever idea/product/content created needed to spend a lot of time before others would get convinced. You will discover that back in those days, despite these difficulties, a lot of companies still succeeded, the likes of Dangote, Innoson motors, Indomie and a host of others.

How did they thrive when there was no internet or there were few people using the internet?

They simply met needs!

Dangote started cement business. Nigeria was filled with huts and tree houses. Civilization had entered the country, people would need to build houses. How would they build houses if not use cement?

Did Dangote need to go to every house in Nigeria to tell them to buy cement? Once Mr A purchases and builds his house, Dangote doesn’t need to tell Mr B, Mr A’s house did the marketing for Dangote and Mr B comes to purchase.

What point am I trying to drive here? Any idea you have, any product, content you have must solve problems for the people concerned.

Was Dangote a genius? Business is all about common sense.

I want you to write this down; “Marketing is common sense paid attention to”.

As the country was embracing westernization, there were lots of big problems surrounding the whole nation. Food was becoming scarce because population was increasing, people were running to white collar jobs and there were fewer farmers. So something needed to be done to preserve food for longer period of time.

That’s when you’d discover lots of new brands came up with new products that could be preserved and re-branded. They didn’t need too much social media.

They used Mass-Media (television and radio). They also used consumers to market for them. That is what facebook, whatsapp all used to get billions of customers and as we dig deep I would teach all of those.

I am just trying to drive a point here which is the mistake most new businesses are making presently.

Write this down as well; “my product must solve a problem”. Now ask yourself, what problem is my idea solving?Is it a present problem or a future problem.

Pay attention. INNOSON MOTORS didn’t just become a billionaire in one night. Follow me, let me tell you his strategy;

Civilization was entering Nigeria, government were connecting roads between states, cities, towns. People need to move from one location to another since the road was made available.

Quick pause: NOTE THIS : “A problem solved creates another opportunity for another problem to be created and solved”

Linking the story with what you just jotted down, Government were creating roads which means they’ve solved the problem of movement. They didn’t solve transportation problem.

A good road is not the only solution to transportation problem. What if the road was long, what if robbers live beside the route? Cars are needed right. But can everyone afford cars? Okay, let’s import motorcycles.

How many other businesses have emerged from the road?

  1. Importer of cars and motorcycles
  2. Sellers
  3. Drivers
  4. Riders
  5. Mechanics
  6. Petrol stations
  7. Road safety

And on like that.

So from what I read, Innoson started by repairing motorcycles, then he saved up or probably collected a loan. He decided to start importing motorcycles. Now pay attention. He was not the only one into motorcycle importation back then. But he came up with a plan.

Importing motorcycles through a particular truck would accommodate only 13 motorcycles (for example). That is what all of them were doing.

Then he asked himself;

WHAT IF I DISMANTLE ALL THE MOTORCYCLES OVER THERE THEN REARRANGE THEM WHEN IT GETS HERE, HOW MANY WOULD FIT INTO THE MOTORCYCLE?

They are being charged by the custom per truck so it doesn’t matter how many fits in. He had to employ mechanics to travel to the other border, dismantle, then they assemble back here.

Do you know how much that would bring him?

The problem With Nigerian businesses today is that they’re profit driven alone and I’m I saying your business shouldn’t make profit.

The world has advanced. The problems of before are no longer problems. People have solved them. It is your turn to solve a problem. It could be fashion, poetry, music, food, idea etc

That you’re selling sneakers, you’re solving a problem. It may not be to everyone but to a target set. That you sell Ankara, you’re solving a problem. It may not be to the world but you are set of people.

Now that you have that idea, you really need to understand what works, how things are done in the present world. The businesses of those days had their failures too. But many businesses these days make more mistakes.

People start up ideas and quit. Not because the idea wasn’t awesome or useful but they never learnt marketing. Nobody knew they existed. The market today is so clumsy.

The goal of any business in this present age is to be remarkable. That’s the marketing term. Being remarkable means doing something different or doing the same thing in a different way.

Social Media Strategic Commenting Can Help Your Job Search

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Have you really been worried about when exactly you will get a job. Probably your bank account is now on red and parents or friends are also on the search with you as you try different methods, call up different companies, mail them as well and all sorts. Here’s another key strategy that has worked for me countless times and this time around got me two gig offers few days ago.

The power of strategic commenting!

Now, I know it might sound strange to you or might be the first time you’re hearing about it but trust me, we all do it at one point in time or the other and like I said earlier I have used it for different reasons and now I can add that getting a gig job is part of the equation.

Strategic commenting is simply the act of commenting on someone else’s post, wall, to gain attention for whatever mission you want to accomplish it. To give a lay man example, you belong to a group on a social media account you have a lady you happen to be interested in, a discussion is going on, then you begin to make reasonable comments, you go to your jotterpad to first construct the sentence, edit it to be error free before you post your comment so that such a lady will imagine or wonder how intelligent you are.

It also happens when you get to a gathering and you want to get attention, you will wait for the best time to blurt out very valuable comments and trust me, you become the attention for a period of time. The same rule applies when you want to key into strategic commenting principle to get a job. In order to do so, there are some simple basic things which you need to do;

  1. Be very vast in your field: If you’re not vast in your field then this may as well not work out for you. The same way you cannot blurt out valuable comments in important gatherings if you do not actually have deep insights into what you’re saying. So if you are not very vast in your field, then you should apply this simple principle to accelerate your learning so as to join in the game.
  2. Go find your community: You cannot be a writer, a story writer to be precise then join the community of coders and think you want to get attention there. You will be wasting your time. Go join communities in which you belong and follow conversations there. Give very valuable insights, it will help you get more visibility and build your own audience. I belong to a whatsapp group of entrepreneurs across Africa and a topic was raised which led to an argument on the group. I simply came, started with my analysis as everyone paid attention to me, by the time I was done, two people had already messaged me with job offers.

The same happened sometime last month on the same group where I commented on something else and I got two people pay to learn such from me.

  1. Two cent Comments: Now, this is the most important part. I called it 2 cent comment because I chose to. There are influencers in your niche or in the niche of the area you want to get jobs, search for them and follow them, put their posts on notifications. I have tried this approach on facebook and it worked and that was how I was able to get a particularly connection. The same with instagram, I have followed some certain entrepreneurs who are influencers, put their posts on notification and comment very insightful comments on their posts.

Here’s the trick, your comments must be in line with the discussion on ground, your comment must not be in form of begging for help, it may be more of an addition and as a means to educate other sets of people who will be reading your own comment seeing you will be commenting early and I must tell you, people are watching. It is not just about getting the attention of the influencer but leveraging on the audience of the influencer and maximizing his or her visibility.

This is another approach to fast tracking your job employment opportunity.

Jumia’s #1 Competitor is now OPay

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If OPay wins intra-city logistics, it will be in a good position to win any ecommerce sub-sector it enters. Jiji and Jumia could be imperiled because logistics is Nigeria’s ecommerce weak point. Konga has a weak moat via its physical stores. Experts expect OPay to activate its ecommerce engines once it has finalized logistics dominance. All the elemental modules are already built up – and just being rolled out in phases.

I refer you to my piece in November 2017 on Opera, the parent of OPay. It now wants to become the “leading payment, ecommerce and other partners” by itself.

Opera’s strategy is brilliant for the firm, but it will put it in the crosshairs of many local companies. As more Africans use Opera, most local companies can experience erosion in their brands. Yet, it is also possible that Opera can move in the path of aggregation where it can make it easier to find leading payment, ecommerce and other partners through its browser. But no matter what happens, I do expect massive dislocation as Opera becomes a platform with commercial activities happening at the level of browser. It will be very interesting: Opera needs a business model to make money.

The Fascinating Opera Browser, Becoming Africa’s Internet

Medcera – The World’s Only Location-Agnostic EMR/EHR, Liked by UN

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Medcera is a web-based EMR (electronic medical record) and EHR (electronic health record) system with patient portal. It provides physicians and medical professionals with EMR/EHR and medical practice management technology that includes charting, scheduling, e-prescribing, medical billing, lab, etc and a personal health record for patients. It is the world’s first location-agnostic EMR/EHR which means once you have a health record in Medcera, approved health professionals can access it from any other clinic or health institution. Yes, one and we mean ONE Health Record across all clinics. All Medcera systems run on the cloud with no requirement for any installation; it is supported by bank-level security.

The United Nations field office likes MedceraWe invite you to come onboard and remove all those frictions you experience in your healthcare management. Our technology is world-class. And with partnerships with BeepTool, we are now unbounded and unconstrained to serve health institutions anywhere. Simply, with BeepTool satellite connectivity, even your rural clinics can be live. This partnership will drive our push into rural communities as we work to help Africans organize their health records.

Snapshot of Medcera site

We have a Help Manual now to support users in our ecosystem. Our engineers are always available to assist in case there is a need. 

Sign-up as a doctor, connect partner (lab, imaging, insurer, pharmacy) or patient. Our current service is FREE unless you want customization of some features for your practice.

FleetPartners is Solving Shuttle Logistics Problems for Nigerian Companies

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Logistics has always been a problem for many companies, especially for heavy traffic state like Lagos. Workers often find it tough to be punctual at work and at the same time, be productive after the hustle and bustle to commute to work.

Some big companies have tried to reduce the stress their employees go through to commute to work by providing an easier means of transportation along some specific routes. However, not all fingers are equal. While the big brands can afford it, some find it as a big task to accomplish.

It’s not their fault though, because some  companies are even run on loan from banks. So, finding a possible means of transportation for their employees to commute to work easily may not be cost-effective. For a company to stand the test of time, it has to be cost-effective. Being cost-effective is one of the catalysts for building a debt-free company.

However, I see many companies still struggle in this area. In fact, some companies don’t cut out the unnecessary cost which tends to pile up debts on them. There are many ways to accomplish a goal without striking. This means that companies can acquire some services without having to pay over the odds for them.

Finding a lasting solution to the logistics and transportation of staff should not cost your company a great fortune.

But the question is – ”how do you cut out the cost in a country with economic problems like Nigeria especially in the area of logistics?”

A leading corporate car sharing and lease company, FleetPartners Leasing Limited has made this possible for companies to provide the easiest means of movement for their Staff. Meaning, you can invest the time you would spend worrying about logistics on other areas of your business.

The award winning company has included staff-bus sharing to its corporate car sharing service. This service allows people with executive vehicles like Prado, Lexus, Mercedes Benz, Toyota Corolla of latest versions to become Fleetpartners’ assets partners. This gives them the opportunity of turning their vehicles to assets instead of a liability and make more revenue.

Here are the reasons why your company should consider using FleetPartners Leasing Limited: 

  • FleetPartners specialises in vehicle leasing and corporate car sharing.
  • Their vehicles are strategically placed close to the point of use.
  • It provides a cost-effective model that ensures no ownership risk to the client.
  • No need to pay for idle time.
  • You have more time to focus on your business.
  • You save more money and stay debt free.
  • It has an economic and affordable monthly payment package.
  • Company’s idle vehicles are turned into a profit-making venture.

Due to the increase in demand, FleetPartners Leasing Limited is expanding and offering many companies the opportunity to join as partners and make additional revenue. The opportunity is available for all companies nationwide.

According to the CEO, Mr. Samuel Ajiboyede, ”This staff bus sharing service will allow organizations to book seats for their number of staff accurately. This would save them more money that could be channeled on recruitment or other departments of the company.”

He further emphasized that, ”Our staff-bus sharing service is a product of research which identified one of the challenges some companies, especially the small ones face in terms of managing transportation for their staff. What we have done is to provide a service that meets that need. This service is available for medium and big companies that do not want to handle the day-to-day hustle of managing vehicles and drivers.”

FleetPartners Leasing Limited also offers other services such as driver management, fuelling, insurance and tracking. 

Indeed, FleetPartners is on a mission to turn around positively car rental services in Nigeria.

For more information, visit the website here: http://fleetpartners.ng/