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Uber Goes Amazon Prime Model: Subscription-Based Ride Hailing

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Uber CEO
Dara Khosrowshahi, CEO of Uber, speaks during an event at the Uber DC Green-light Hub April 11, 2018 in Washington, DC. / AFP PHOTO / Brendan Smialowski (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

This is very fascinating – Uber wants you to pay subscription for some of its services. And once you pay, you can get free food delivery via Uber Eats, free scooter ride, free bike rentals and discounted ride-hailing for cars. They have already started this in San Francisco and Chicago.

Uber  is actively testing a monthly subscription pass that combines rides, Eats, bikes and scooters. In this pilot phase, Uber is testing a few different iterations in San Francisco and Chicago, but each version includes a fixed discount on every ride, free Uber Eats  delivery and free JUMP (bikes and scooters) rides. The pass costs $24.99 per month.

In other cities, Uber is testing lower-priced passes that offer discounted rides and free delivery on Eats orders above a certain amount.

I do not know how you see it, but I see it as optimal for just $25 monthly.Yes, with $25, you can get all those benefits which could have cost you multiples of $25 if done separately. By combining its subscription services, Uber can use the revenue to offer better services just as Amazon does with Amazon Prime. Prime members get free and faster shipping.

Subscription will make Uber revenue more predictable. And brings unification at scale which will enable greater asset utilization by customers in the Uber world. Yet, the pricing will be better done annually than monthly. I do expect Uber to do that, and offer discounts to those that subscribe for annual plans over monthly packages.

Innovation in pricing is very critical and getting cashflow ahead will be strategic for Uber to keep growing even as Lyft continues to come around. But at the end, I do expect Lyft to be bought by some major car manufacturers  (possibly in a consortium) who will need Lyft platform to push their vehicles or Uber will swallow it.

SWOT for Legal Professionals

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Lawyers are important

By Daniel Bulusson, ESQ

On July, 18, 2019 members of the Young Wig Network got a broadcast message to their whatsapp group from Senator Iyere Ihenyen, Esq encouraging members to partake in the SWOT analysis for lawyers, and I asked what is SWOT?

And then he went further to enlighten the house, SWOT is an abbreviation for Strength. Weakness, Opportunities, and Threats. SWOT is a very useful way of discovering your strength in the industry, understanding your weaknesses, identifying opportunities around you, and managing any threats that come your way. According to Senator Iyere Ihenyen, “A SWOT analysis is essential for anyone that wants to maximize his or her ability, it helps a legal professional find career path, develop career options, and help utilize the opportunities in the industry”

A 21st century lawyer is not just a person but a professional brand that exists just as business outfits do, because in today’s market a legal professional is not just an individual, but a brand, a professional brand with competing professional colleagues. Which then begs the question, how does an interested legal professional use SWOT analysis to reposition his or her legal career?

The first step is to identify your strength, what are the things you know you are great at? what do others say you are great at? What do you do better than anyone else? What unique resources can you draw upon that others can’t? What do people see as your strengths? What makes you stand out from the crowd? What is your professional Unique Selling Proposition (USP) that makes you stand out from the crowd? Answers to these questions will reveal the inner strength of a legal professional.

Second step is to spot your weaknesses before it destroys your legal career, in the words of George C. Lichtenberg “[o]nce we know our weaknesses they cease to do us any harm”, to spot weaknesses as a legal professional one must answer questions like, what do you struggle with? Are their Tasks that you don’t perform well or areas you receive criticism on? When do you struggle with them and why? Do you lack experience, credentials or skills? What makes you loose confidence? What are those things your competitors will confidently identify as your weakness if they were to analyze you?

Third step is to identify opportunities, and opportunities are a matter of perspective, if you don’t see opportunities around you it is because you have not positioned yourself in the right place. To expand career opportunities a legal professional must learn to network, invest in professional development, engage in volunteering works, explore new or emerging areas in law, take advantage of new legislations or regulations, acquire soft skills that stand you out, and think local but act global.

Lastly, is to spot the threats that are waiting to happen, or likely to reduce your performance as a legal professional like poor funding, disruptive technologies, competition, weak academic performances, poor communication skills e.tc so to make this practical I did the SWOT analysis, and discovered the following;

My strength (S) is writing, and known by colleagues for my passion in Media and Journalism, weakness (W) is financial mismanagement, inability to save, opportunities (O) are the free time I have to engage in other areas of law like probate, properties and corporate governance, since am not a fan of litigation, and the threat (T)  being the fact there are not many who appreciate a lawyer engaged in practice other than litigation, and there are few law firms with platforms to improve media and journalism. So what next, after my SWOT analysis?

Mr Senator Iyere Ihenyen went to further to explain how to reposition after a SWOT analysis, 1.  Invest more resources i.e time and money in developing your strengths; imbibe interdisciplinary approach to law by finding your own path in media law. 2. With your strengths, you don’t only connect to opportunities around you, but create opportunities for yourself. For example, media lawyers are like water in the sahara desert in this part of the world, thus, you can create opportunities for yourself by creating a media law firm or partnering with others. Finally by focusing on the strengths and opportunities in one (1) and two (2) above weaknesses will be deemphasized and career threats minimized.

Becoming successful in the industry is a journey, not a destination, thus I urge every legal professional to take the SWOT analysis to reposition themselves in the profession. The 21st generation lawyer has to do things differently to get a fruitful and rewarding result.

Godspeed!

Full List of Buhari Ministerial Nominees for Second Term – Akpabio, Keyamo, Fashola, etc

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These are the names President Buhari sent to Senate for confirmation as he gets ready with his cabinet for his second term in office.

The Fallacy of the Fourth Industrial Revolution in Nigeria, Africa

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By Ajayi Joel

We need electric cars in Africa by 2020!

If there’s any way to ruin our economy, it is to quickly assume we are on the same level of development as the western countries. This is no racism but even down to fashion, we are not there. Let’s leave fashion aside, I’m here to debunk the myth that we are in the age of 4IR (4th industrial revolution).

What’s my reason for writing this piece, and is there anything at all to learn from this? We, yes, both the government and non-government!

I have seen a lot of start-ups jump the gun with their ideas, and while it may seem so nice to me, it would have been better if the ideas weren’t targeted at Nigerians or even Africans. Unfortunately, they are. What do I mean by jump the gun? What I simply mean is that the industrial revolution has different phases, and these start-ups are way ahead in the phase down to the fourth.

Here’s why we are not in the fourth industrial age and why we cannot skip the phases.

  1. The fourth industrial age is the age of automation: Explaining this succinctly, I will say automation can only work if there is a structure. When I mean a structure, a structure is a set of systems put in place to ensure that machines keep working in positions that humans should. I am here to say that our jobs are firstly safe, and that only a few jobs will be replaced in the next decade if we do not go through the other industrial ages. Right now, we are in the first industrial age, and the first industrial age is characterized by discoveries. We are not in any way near the second industrial revolution which is the age of industrialization.

Structures can only be set based on previous experience. The western world was able to come up with a structure because they saw or discovered that the previous system had set backs in different areas and they saw the need to overhaul, replace, and modify those existing systems, and the previous existing system was the age of assembling and information. That phase came about when they also discovered that there was a need  for advancement from the industrial age.

  1. African countries cannot manufacture: Fine, let us praise what Rwanda is doing in the area of manufacturing. However, talking about Nigeria, we have not begun to manufacture, to produce and for us to be able to do this, we will need to depend on machineries. Machineries that we need to invent, or bring in. There’s this hype that every youth should go learn AI skills and I wonder if they want to work in Nigeria or get gigs outside the country because unemployment will rise if that’s what all our youths rush into. We cannot let AI automate food process if we haven’t begun planting. We cannot get AI to plant for us if we do not work to get the seed.

The next stage that the government should pay attention to is the production age, the manufacturing age. This stage will provide more jobs than we can imagine. If the economy will thrive then we cannot depend on the gig economy alone; we need to depend on the industrial economy. Matter of fact, we will not dwell so much in this age but we need to get there first.

4th industrial revolution

The skill set required to work in the industrial age is quite different from the ones required to work in the skilled economy but both are necessary if we want to move forward. Production and manufacturing should be at the heart of the government of African countries as this will both provide more jobs, determine the path which we will follow in the coming times. You will not know which tractor will work on your farm if you have not tried your hoe on it. Now, that’s a proverb.

  1. AI runs on data: This is the third industrial revolution and we are not anywhere near it. We do not have any reasonable database in Nigeria. Automation will only work if there is some sort of accumulated information overtime that gives it instruction and helps it behave in a certain way before it begins to build its own mind.

You cannot tell a robot to walk if you do not train it the way humans are walking. The third industrial revolution is the information age and why I’m so convinced that we have not gotten to this age is because at this stage, there will begin to be lots of displacement of factory workers, those who sit in offices to operate manually will be displaced as well as data will have channels and accessing it will be seamless.

You will not need to queue in offices to get manual recording as there will be a linking between all your profiles. This is the age of assembling as well. Data will be building itself to provide a structure which I mentioned earlier. How do I know we are not in the information age in Nigeria?

Someone once posted on Facebook that we’d begin to use AI in marketing in Africa.

In Africa? For real? AI runs on data so does marketing. Do we have a database for information in Africa? So what does AI want to process to begin to run on its own? I spent 1 good year making researches because I wanted to build an online platform for learning.

Google gave me vague answers. Maybe you should Google the number of youths in Lagos between 18 and 26 who have interest in design. You’d find no response. Go to Facebook and do page search, the response will be very few. For those doing digital marketing, getting huge number of people on a certain keyword sometimes requires much more money.

How did I get data? Google form; I put a clickbait. I offered one of my exclusive books “After school, what next” for free only if you followed a link.

The link directed you to my Google form. You’d need to answer those questions compulsorily, then place your email. After that, I’d tell you to help me share.

That was how I got data.

In our bid to clamor for electric cars, we totally overlook the fact that electricity needs to be stable, and that the transportation system and logistics need to be fixed; all parts of the manufacturing age and data age. Roads need to be fixed which means more bitumen need to be refined and more gravel need to be mined.

My point; our tech ecosystem should stop raising shoulders about how they are preparing us for the fourth industrial revolution when we are not ready for the third. Our technology is not there yet but efforts should be geared to fast track the process.

This Is How You Can Become A Content Marketing Specialist

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By Nwaka Osakwuni

Content marketing according to Wikipedia “is a form of marketing focused on creating, publishing, and distributing content for a targeted audience online”. This is one of the simplest definitions of content marketing.

I have always been a writer but my focus has always been on academic writing and editing, helping individuals write business plans and proposals, and my all-time favorite, helping folks write professional CVs. However, I have always heard the terms; content marketing, advertising copywriting, etc., yet I knew little or nothing about them. There was a conflict within me. I knew how to write but I didn’t know how to “convince or persuade” people with my writing.

During my active Facebook days, I used to have a guy on my friends’ list who is copywriter. One day, I asked him privately what he’ll charge me for a good advertising copy. And he told me N1million! I asked him “for just a page or two of an advertising copy?” He laughed and said “Yes”.

Truth be told, he knows how to captivate an audience. If he advertises something on Facebook, he gets hundreds of folks commenting with “I’m interested”. So, I took it on myself to learn how to sell with words. I learned that to be successful in building a career in content marketing, there are some skills you need to build outside of learning diction, grammar, phrase construction, and paragraph transitioning.

Below are 3 steps on how you can become a better writer and position yourself as a content marketing specialist. These skills are somewhat compulsory to learn.

  1. Start writing – write a thousand words daily

Becoming a content marketing specialist means you should know how to write a lot of content. You have to know how to prepare contents before becoming a content marketer. In writing, it’s always easier to start with the hardest and work your way down. Learning how to write 50,000 words in 30 days is way more difficult than learning how transition from one paragraph to another.

If you find it difficult to write a lot of content at a go, then start by writing a thousand words daily. If you cannot meet up with a thousand words daily, then try a lower target. There is the option of 500 words daily. This target will help you learn how to write (type) fast and come up with a 500 words content in a few minutes.

  1. Explore writing styles

Writing just like other fields is filled with styles, formats, systems, etc. To become a good content creator, pick a writing style that suits you. Aside the basic formal and informal writing, we have other major styles – expository, persuasive, descriptive, and narrative. As a prospective content marketing specialist, it’s advisable to focus on the informal writing genre which in a way covers the styles listed above. Formal writing fits only two purposes – one, it is the writing genre of the workplace and the corporate world where you deal with whitepapers, proposals, business documentations, etc. Two, formal writing is mostly used for academic purposes.

Our emphasis here is how to attract people and make them follow your call-to-action. We don’t need academics here. We need persuasion, narration, and storytelling. Don’t be bothered if academic writing style isn’t your thing. Explore other styles and adopt the one(s) you are most comfortable with.

  1. Test the waters with social media (LinkedIn)

Now you have learned how to write over a thousand words daily and you have explored all writing styles and adopted one or two that you are very comfortable with. What’s next? Test your skills using social media especially LinkedIn.

Why LinkedIn? It’s a complex platform where you can keep posting content for a year and not get more than 5 ‘likes’ in total. If you can learn how to post contents on LinkedIn and get other users engaged in your posts with comments, shares, likes, etc. Then you have learned another secret skill I call attraction marketing which is a great addition to the number of skills you’ll need as a content marketing specialist.

Try telling stories on social media with mix of persuasion to others to come and contribute to your posts via comments is a method of learning how to do what we call advertising copies or copywriting.

How is this done? You tell a story by narrating a past event (this serves as your anecdote) and your story secretly exposes a problem. Then you talk about why that problem must be solved, write your proposed solution, and finally, you drop a call-to-action. You can do all of these in a post of less than 500 words.

If you do this and you get responses (called engagements), you are on your way to become a content marketing specialist.

Becoming a great content marketer is a process you can master. And if mastered correctly, companies will pay you handsomely to use words to attract paying customers to them. Every company exists to make money. Show them you can bring in customers with words, and you’ll become a goldmine!