Permit here to start with a conversation between three Nigerians:
Question:
I have been running an affiliate program since April last year and am yet to make a dime. I have a website i created for this purpose and have tried all means to generate enough traffic. I have also tried other programs like surveys, get paid reading emails and others but to no avail. I want to know if Nigerians can make money from internet business or we are excluded. I have spent lots of money on this already.
Answer (A):
Get paid reading emails? B.S
Yes, there are a whole lot of ways to make money online and make it legally, but the bad fact is that the Nigerian reputation is so physically bad that when you talk online, people run and run fast away from you.
Anyway, keep on the good work, Rome was not built in a day.
If I were you, go into Software with a special focus on game programming. If you are good, the money will be too much for your bank account.
Answer (B)
I know what you're talking about. It has
happened to many people I've consulted for.
Yes, Nigerians do make money online!
There are many questions you should ask yourself.
1) Are the products you're promoting hot sellers?
2) Do you do a review of the products before
sending your traffic them to the products you're
promoting?
3) Is your traffic targeted?
4) Do you track your campaigns?
5) Do you build a list?
I need to see your website before I can go into
further specifics.
Don't give up. You've done well to start something.
Forget schemes like paid to read emails. You can't
build a business that way.
Just keeps it going.
Friends, I have come to believe that somehow many theories that have worked miraculously elsewhere do not work on the Nigerian soil. From my research so far I have come to discover very important reasons behind this spell. This is what I call: “product conscious syndrome” or call it shortened form: “PCS Diseases”. Many young Nigerians see the internet as a scamming machine to undue honest and innocent people online across the globe. This stems from the fact that everyone is gunning for wealth at all cost. “get-quick-syndrome” is the fever of the day… so many tend to careless about the “PROCESS” and plunge headlong to fun on the “PRODUCT”. Some Nigerian youths do not care to follow “due process” in anything that concerns money. The internet is helping many people across the globe to eke out living daily yet some Nigerians are complaining not be able to access the wealth online. $3.2 Trillion passes through the internet transaction portals daily. It only takes someone with legitimate intention and honesty in business to learn everything about making money online to earn a living online. I have made quite some legit sum online and am still counting my dollars. You can do same if you will take out time to learn necessary “processes” that culminate into resultant “product” which will swell your bank account.
Thursday, November 12, 2009
$2.5m scam: Varsity graduate bags 12 year jail term
A graduate of Chemical Engineering from the Enugu State University of Science and Technology, Nwanya Odichukwu, has been sentenced to a 12 year imprisonment by a federal high court, Enugu over offences bordering on fraud and internet scam. Operatives from the Enugu zonal office of the Economic and Financial Crimes Commission, EFCC Enugu Zonal Office had on 20th August 2009 arrested Nwanya at Logon Nigeria Multi Medis Cybercafé located at Chime Avenue, New Haven, Enugu during a raid. He was caught in the act sending scam mails.
Investigation shows that Nwanya was soliciting information regarding details of unsuspecting victims financial status. A thorough search on him and his residence led to the recovery of a parcel containing an international cashier valued at two million U.S dollars, a Central Bank of Nigeria draft valued at five hundred thousand U.S dollars in the name of one Mr. B.R. Butler, a United Kingdom International Passport bearing the name of one Jaxkson Phillips Dennis as well as scanned U.S dollars documents.
The suspect was subsequently arraigned on a six count charge for committing offences contrary to Section 5 of the Advance Fee Fraud and other Related Offences Act No. 14 and punishable under Section 1 (3) of the same Act.Delivering his ruling on the matter penultimate Friday, a copy of which was obtained on Monday November 9, Justice Abdu Kafarati sentenced Nwanya to two years imprisonment on each count charge, bringing the total number of jail term to 12 years. The prison term is however to run concurrently.
Curled from http://www.huhuonline.com
Investigation shows that Nwanya was soliciting information regarding details of unsuspecting victims financial status. A thorough search on him and his residence led to the recovery of a parcel containing an international cashier valued at two million U.S dollars, a Central Bank of Nigeria draft valued at five hundred thousand U.S dollars in the name of one Mr. B.R. Butler, a United Kingdom International Passport bearing the name of one Jaxkson Phillips Dennis as well as scanned U.S dollars documents.
The suspect was subsequently arraigned on a six count charge for committing offences contrary to Section 5 of the Advance Fee Fraud and other Related Offences Act No. 14 and punishable under Section 1 (3) of the same Act.Delivering his ruling on the matter penultimate Friday, a copy of which was obtained on Monday November 9, Justice Abdu Kafarati sentenced Nwanya to two years imprisonment on each count charge, bringing the total number of jail term to 12 years. The prison term is however to run concurrently.
Curled from http://www.huhuonline.com
Monday, November 9, 2009
What investors, Retirees and income earners think about in a recession ridden economy?
The financial meltdown has busted so many retirement plans that a lot of people have given up their goal of reaching "the number," that mythic net worth figure that's supposed to assure a comfortable post-career lifestyle. The problem, however, is not a failure to reach a "number," but a misguided obsession with net worth as the scorecard of wealth.
What really matters is cash flow and after-tax income, but much retirement planning models use reverse engineering that is intended to preserve principle while living off interest. In Africa, particularly in Nigeria inflation ridden Economy, Retirees do not have ample opportunity of good lifestyle or welfare after service. Post lifestyle of many African ex-service officers in the public sector is that of a casualty of fate tugged into oblivion. The faces paraded before the screen of CBN and other international agencies is that of hopeful Nigerians, yet the reality on ground speaks loud hopelessness to all.
In recession period, I want to believe is the time to think of cash flow on daily bases than what should be the exact or befitting net worth of cash value or equity one is to retire on so as to guarantee a good lifestyle after service. To attempt thinking in this direction is to continue the feast of corruption, because here in Africa we believe so much in the extended family culture. So hefty pay checks and some how wired to several dependants which leave the actual earner with little or nothing to show.
If a person wants to retire on N500, 000 a year, this approach assumes one needs a net worth of roughly N3.5 million to avoid dipping into principal. The investment industry promotes this number notion because it is in the business of accumulating assets to manage, and there is no incentive in showing clients how they may be able to spend some of their principal and still achieve their goals.
Instead, financial advisers tend to tell clients in periods of economic distress, "Just give it time. Your portfolio will come back. Selling now would be a mistake." There is plenty of truth in this advice when it comes to long-term investing in the stock market, but when investments have cratered, people have a natural reaction to hoard assets (even though this instinct might be counterproductive).
Many, financial advisers in a period like this, usual tend to work first for their bellies, hence, those seeking for their advise should take time to evaluate such carrot to avoid swallowing what I call “ technical poison”. Imagine what happen recently, many investment outfits encouraged their client to keep buying whereas they are quite aware of the fact that the stock market is in distress. This was to help the company to take their own profit before the doom explodes. Who do lost funds in the market at the end of the day, from my little research the brokers firms recouped their capital even with mild profits, the big business portfolios gained as well, but the small investors lost their money. Many retirees lost their entire funds and hope, and in reaction many have kicked bucket. It is so pathic….
What really matters is cash flow and after-tax income, but much retirement planning models use reverse engineering that is intended to preserve principle while living off interest. In Africa, particularly in Nigeria inflation ridden Economy, Retirees do not have ample opportunity of good lifestyle or welfare after service. Post lifestyle of many African ex-service officers in the public sector is that of a casualty of fate tugged into oblivion. The faces paraded before the screen of CBN and other international agencies is that of hopeful Nigerians, yet the reality on ground speaks loud hopelessness to all.
In recession period, I want to believe is the time to think of cash flow on daily bases than what should be the exact or befitting net worth of cash value or equity one is to retire on so as to guarantee a good lifestyle after service. To attempt thinking in this direction is to continue the feast of corruption, because here in Africa we believe so much in the extended family culture. So hefty pay checks and some how wired to several dependants which leave the actual earner with little or nothing to show.
If a person wants to retire on N500, 000 a year, this approach assumes one needs a net worth of roughly N3.5 million to avoid dipping into principal. The investment industry promotes this number notion because it is in the business of accumulating assets to manage, and there is no incentive in showing clients how they may be able to spend some of their principal and still achieve their goals.
Instead, financial advisers tend to tell clients in periods of economic distress, "Just give it time. Your portfolio will come back. Selling now would be a mistake." There is plenty of truth in this advice when it comes to long-term investing in the stock market, but when investments have cratered, people have a natural reaction to hoard assets (even though this instinct might be counterproductive).
Many, financial advisers in a period like this, usual tend to work first for their bellies, hence, those seeking for their advise should take time to evaluate such carrot to avoid swallowing what I call “ technical poison”. Imagine what happen recently, many investment outfits encouraged their client to keep buying whereas they are quite aware of the fact that the stock market is in distress. This was to help the company to take their own profit before the doom explodes. Who do lost funds in the market at the end of the day, from my little research the brokers firms recouped their capital even with mild profits, the big business portfolios gained as well, but the small investors lost their money. Many retirees lost their entire funds and hope, and in reaction many have kicked bucket. It is so pathic….
Tuesday, July 7, 2009
Re-inventing Your Income System Vol. 1
The advent of innovation in the information and communication technologies have redefined the ways of earning income in the 21st Century. The idustrial Age emphasized so much on the Certificate Economy, that is, making money using your certificate to eke out living. The present global economy thrives on Konwledge economy and specialized skils, especially those that are internet ready. You cannot make much working for just an amount or for a figure. The present global economic trajectory follows a complete paradigm shift that place every Dick and Harry on same level ground. You have to work for an income system and not just for a figure if you must become financially independent.
The past has a different economic matrix, but the present holds much for knowledge workers, especially those that keep updating themselves up to the minute. You can sell your picture as intellectual property if you look meets the market demand. The context of intellectual property has changed completely, and so individual can now amass whole lots of benefits using the internet to do much in life generally. You can re-invent your income system by doing the followings:
> Update your Education tool kits or even switch over to a new career.
> Create a resourceful network of friends, colleagues and customers.
> Attend seminars, buy seminar materials and read them voraciously.
> Take 1hr to 2hrs to google the search engines to update yourself up to the minute.
> Practice what you have learnt online and offline.
> Buy ebooks, software and other e-products to increase your chances of breakthrough
Friends, these things i have mentioned above appears simple, but doing it consciously with a focus release the cashflow into your wallet. You can earn a living online and make a big history too. ( Always check here for more information on reinventing your income system )
The past has a different economic matrix, but the present holds much for knowledge workers, especially those that keep updating themselves up to the minute. You can sell your picture as intellectual property if you look meets the market demand. The context of intellectual property has changed completely, and so individual can now amass whole lots of benefits using the internet to do much in life generally. You can re-invent your income system by doing the followings:
> Update your Education tool kits or even switch over to a new career.
> Create a resourceful network of friends, colleagues and customers.
> Attend seminars, buy seminar materials and read them voraciously.
> Take 1hr to 2hrs to google the search engines to update yourself up to the minute.
> Practice what you have learnt online and offline.
> Buy ebooks, software and other e-products to increase your chances of breakthrough
Friends, these things i have mentioned above appears simple, but doing it consciously with a focus release the cashflow into your wallet. You can earn a living online and make a big history too. ( Always check here for more information on reinventing your income system )
You have what it takes......have all the money you ever wanted..
many people want to have much money, but only few have the access to all the cash they ever wanted. This is the true story in the lips of many who believed that wealth is not for them. Friend, you surely have what it takes to have all the money you ever wanted. Just sent me a mail with this subject: " Money in my wallet " to princefelixx@gmail.com. I will get in touch with you to take you by hand and show you the secret you don't need money to have.
Subscribe to:
Posts (Atom)
