Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,162,130 members, 7,849,543 topics. Date: Monday, 03 June 2024 at 11:54 PM

How To Raise Capital For Your Business In Nigeria - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / How To Raise Capital For Your Business In Nigeria (175 Views)

8 Ways To Raise Capital For Business In Nigeria / Looking For Capital For Your Business? Get It Now And Boost Your Business / Three Easy Ways To Raise Business Capital For Your SME (2) (3) (4)

(1) (Reply)

How To Raise Capital For Your Business In Nigeria by scotz101(m): 6:13pm On Dec 09, 2021
This post focuses on Affiliate Marketing.

It's no doubt that starting affiliate marketing in Nigeria especially on platforms such as Expartnaire is quite costly.

And one thing that stops a lot of people is the cost of starting such a business

In this post I will show you three ways you can raise money easily to start your own affiliate marketing Business

1. SAVE - This is the most common option and you will hear a lot of people saying they are saving. But, this option hardly ever works.

Why? Because money hardly ever stays still.

Money is currency and its meant to be in circulation . To be used not saved. The moment you start saving money things will definitely come up that will require immediate attention and you will need to touch that money.


So while this option is good for some people it is not always the best option especially when you are not earning enough that allows you to save consistently.

Basically if you are earning below ₦50K it will be very difficult for you to save ₦50K. You will have to be very disciplined and frugal for you to be able to save enough to buy the product.

Also while you are saving, the price of the product keeps going up. This means if you've started saving because it's selling for ₦50K by the time you have ₦50K, it might be ₦55K or ₦60K.

In the end you might lose interest and give up on your goal to become an affiliate marketer.

2. PARTNER WITH SOMEONE - For many reasons this is not a very good option however it works.

Just like any business some people are not interested in doing the work, some people are only interested in making money if you find people like this you can partner with them you can you decide on how you can share the profits.

However, like any other business when it comes to money there is always the problem of greed.
When the money starts coming in, different problems arise and this leads to disputes.

But then if you are very desperate (and can break down any wall to get what you want) like I was and don't have option number 1 or 3 on your plate then this could be a chance for you to get on the platform, make some sales and get your own account.


If you will pick this option ensure you trust the person.

You gerrit?


3. BORROW FROM FRIENDS AND FAMILY - This is practically the best option.

A lot of the affiliates you know today used this option and they are thriving. This is the best way to start a business apart from using personal savings.

Borrowing from friends and family puts you under less pressure than borrowing from banks or other financial institutions (which I will never recommend).

A lot of people I have spoken to always shoot down their own ability to borrow by saying no one will borrow them - this is really untrue.

Most of your friends want to see your success and if they have they will borrow you once they see your seriousness and belief in what you're trying to do.

But it starts with you.

First you must be completely sold that this is what you want and you are determined to get it by tooth or nail. You must be completely sold that it is the best thing for you - your way out of financial crisis.

If you are not completely sold you cannot convince another person.

Secondly you must create a payback plan on how you'll repay them for lending you. If possible, include some bonus or interest.

Trust me. If you WANT it BADLY ENOUGH, YOU'LL FIGURE OUT A WAY TO GET IT.

THE PERSON WHO TAKES RISKS IS THE ONE WHO WINS

====

PS : TO LEARN MORE ABOUT HOW YOU CAN RETIRE YOUNG & RICH WITH WHATSAPP AFFILIATE MARKETING,

Check The Next Comment For The Link

Re: How To Raise Capital For Your Business In Nigeria by scotz101(m): 6:16pm On Dec 09, 2021
scotz101:


====

PS : TO LEARN MORE ABOUT HOW YOU CAN RETIRE YOUNG & RICH WITH WHATSAPP AFFILIATE MARKETING,

Check The Next Comment For The Link


To Join The Class, Click this link and Enter Your WhatsApp Number

https://www.cognitoforms.com/TheSeanBalogunAcademy/RetireYoungRichWithAffiliateMarketing

Or

Send a message to

081038440012

(1) (Reply)

Grab This Airdrop Fast! Limited Supply / GTB Scamm / 7 Years Facebook Group For Sales

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 17
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.