These are real Nigerians pulling these big figures into their accounts.
It’s obvious they know something that the rest of the country’s population doesn’t
Why are they so successful in this business?
Before I say something about this, you might probably be wondering if this business is actually for you
You must have heard of other “simpler and lucrative” business models like affiliate marketing, crypto trading, freelancing, and the rest
But do you really want to go into those ones?
Let me tell you why you don’t
I’ll start with what everyone has been raving about – affiliate marketing (selling other people’s products to earn commission)
Affiliate marketing this … affiliate marketing that …
Nobody will hear word again
But one thing they fail to realize is: “If you lack control over your business, you have not yet started a business”
Affiliate marketers don’t have control over their their business. They have been lured into believing that they do by those influencers on top in order to get more people to buy from them
When you’re selling somebody else’s products on a platform not regulated by you, your business is at risk of crashing
You don’t have any control over the quality of the product you’re selling. You don’t even have control over the availability of the product you’re selling.
What happens when the owner of the product shuts off his supply or in the case of a digital product, chooses not to sell them again?
All your time and resources invested into getting people interested in that product will be wasted
What if the product turns out to be of terrible quality or the owner does one funny scam-related update to the product?
Your good name and everything you’ve worked hard for in the business will immediately die because of something that’s not even your fault. Even if it’s not, I might believe you but the people you have sold the product to might not because they bought it from “YOU” and not the owner.
And because the product is not yours and you’re only receiving commission, the amount of money you can earn has a limit and you can’t scale even if you want to
Even if the owner and his product and heavenly and nothing ever goes wrong (which is very rare and happens only 30% of the time), what about the platform that those products are hosted on?
If you have direct access to the owner and you’re not using any middleman product to get access to the owner’s products, you’re safe.
But what of those who need a middleman or a platform to connect them to the owner’s product? What happens when the owner of such a platform decides to stop doing business or the platform unexpectedly crashes?
What happens to the supply of products you’re selling?
But with eCommerce, you have control over the product and the platform in which you’re selling the product.
You can buy as many products as you want to start with,
you can change the products you’re selling,
you can increase your profit margin,
And you can scale to be a very big business
Do you see why some Nigerians are rushing to start their own e-commerce business?
They understand how these principles work.
With e-commerce, making an average of N650,000 in profit daily is child’s play.
You can make so much more
But what of other business models like freelancing?
These ones are also viable options but it will take you a very very long time before you even make your first income
And this is after you’ve spent so much of your hard-earned money to master the skills needed to be a freelancer and offer your services to people.
If you’re still a beginner in the field that you’re freelancing for, nobody will want to hire you. People only want to work with freelancers who have results (masters in the field)
Come to think of it…
If you’re in need of surgery, who would you like to operate on you?
The surgeon who has been successfully operating on people for 30 years or the new guy who graduated from medicine school last month?
The same applies to clients that hire freelancers. They only want to hire “the best”…not the beginners hence you need to spend a lot of money to learn and practice till you become “the best”.
In e-commerce, you don’t need all that. You just have to sell the physical products that people want to them.
When you go to the tech store to buy a new phone, do you care about the skills of the person selling the phone to you or do you care about getting the best phone?
The same thing applies when you sell physical products to people, they don’t care about your education or the skills you have. They only care about what the physical product you’re selling to them does for them.
What about crypto and forex trading? It’s 200x riskier than e-commerce
It means you have a 200% chance of losing the capital you have and a 200% chance of making it big with e-commerce much faster than with trading crypto or forex
And it will take much more time than you actually have to learn how to trade in the financial markets to become an experienced trader to make good money from trading
Online surveys are so dead nobody even remembers they even existed.
But with all these great things about e-commerce, there are still people who fail and lose so much money at it
Why? You might be asking…
Simply because they didn’t learn how to do it properly from someone who’s already experienced in e-commerce and has tremendous results
Remember I said e-commerce is selling what people want?
How do you know what they want? How are you sure the product you have is actually what they want?
How do you actually reach out to the 0.1% of daily internet users worldwide who are waiting to buy what they want online?
How do you make your customers so loyal to you that they will keep coming back for more?
You need to know the right answer to all these questions to be profitable in your business
and that’s where Bisi Akintayo comes in…
Bisi Akintayo is the person everybody wants to learn e-commerce from and with mind-blowing testimonials from over 400+ of her students, she teaches the real deal.
But who is she?
Bisi Akintayo is a speaker, serial entrepreneur, business coach, author, and an alumnus of the Enterprise Development Centre, pan-Atlantic University.