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Fero Mobile Shuts Down Office In Nigeria / Why We Are Closing Our Nigeria Office - OLX / OLX Shuts Down Office In Nigeria… See Full Details!!! (2) (3) (4)
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Re: OLX Shuts Down Office In Nigeria by BeardedTraveler: 9:20am On Feb 07, 2018 |
AishaBuhari: If u can't understand the technicalities of what's going on, hold ur peace! Do u have to blame Buhari for everything? Did he force them out of business in other countries too? 4 Likes |
Re: OLX Shuts Down Office In Nigeria by kagari: 9:21am On Feb 07, 2018 |
Mayflowa: I mean operating physical presence 1 Like |
Re: OLX Shuts Down Office In Nigeria by Nobody: 9:24am On Feb 07, 2018 |
222Martins: They didn't say they are closing this offices because they are broke, they probably just want to operate from one office, I truly don't see the need of maintaining a physical presence in this countries. 1 Like |
Re: OLX Shuts Down Office In Nigeria by azudiogo: 9:25am On Feb 07, 2018 |
tensazangetsu20: It means when a business expands through the sale of it's own products and services and not through mergers or acquisitions. |
Re: OLX Shuts Down Office In Nigeria by DMathematical: 9:31am On Feb 07, 2018 |
222Martins:. . . You made a fantastic assertion in your earlier post. But not this: OLX is far from hype and vanity metrics. OLX is a very successful business model. The truth is, the Nigerian business environment is hostile (people underestimate this). Take it or leave it, the President & his team have contributed nothing in changing this narrative. |
Re: OLX Shuts Down Office In Nigeria by freshdude99(m): 9:39am On Feb 07, 2018 |
Thought they told ZINOX acquired KONGA some days back |
Re: OLX Shuts Down Office In Nigeria by Nobody: 9:41am On Feb 07, 2018 |
222Martins: Too much sense
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Re: OLX Shuts Down Office In Nigeria by TechGod(m): 9:41am On Feb 07, 2018 |
Bro you just spoke my mind, they're simply trying to play smart by cutting off the work force so they can make more profit. This is why we need laws that will restrict companies from functioning in our country without a office. OLX think they're smart, nonsense Mayflowa: 3 Likes |
Re: OLX Shuts Down Office In Nigeria by Anambra1stSon(m): 9:41am On Feb 07, 2018 |
9ja4show:Konga was sold to Leo Ekeh founder of Zinox 1 Like |
Re: OLX Shuts Down Office In Nigeria by Nobody: 10:01am On Feb 07, 2018 |
222Martins: Please remove spending on adds... This is very necessary for sales u can advise that it be minimized.. Even coca cola as big as they are still advertise. One needs to tell or remind people of their product. Advertising symonds to sales so, please edit 1 Like |
Re: OLX Shuts Down Office In Nigeria by oreayo2011: 10:02am On Feb 07, 2018 |
i knew the moment this whole e commerce trend started that it wasall fireworks(a showy display that captivates our attention for a moment and then nothing).Having followed the Amazon story since the mid 2000s,I knew Nigeria was not ready for e commerce and jumping into that space was tantamount to the herd mentality(everyone doing the same thing whether it makes sense or not).Amazon has been around now for longer than some nairaland members have been alive,but in all that while it was not a profit making entity despite their ever soaring valuation. Not until very recently especially with the new Amazon Web Services did they start declaring very tiny profits compared to the scale of their operations.Now Amazon operates or originates from a system where the logistics of e commerce make sense.Fedex,UPS and DHL have been trying to outdo themselves for decades which means even before Amazon was born ,the logistics of delivery was sorted.Secondly to all those asking how Buhari comes in,well here is your answer.For logistics to make sense,you need infrastructure.Really good infrastructure. Good roads,airstrips with safe tarmacs that can be utilized at night.Ibadan airport is a joke and so are most airports in nigeria .You cannot sustain a big business depending on just Lagos ,Port Harcout and Abuja and more importantly you need the night economy to make e commerce efficient. The only people that work at night in nigeria are armed robbers,prostitutes,corrupt policemen and recently uber and taxify drivers. k 7 Likes |
Re: OLX Shuts Down Office In Nigeria by Nobody: 10:06am On Feb 07, 2018 |
LagBlogger: These Re commodities used daily, they are necessary even with out hype the will sell is they are in a good location, price is right and things are available.. I don't remember remember next ad enticing but they make more sales than shoprite But for some, u n I know that advertising is necessary |
Re: OLX Shuts Down Office In Nigeria by Nobody: 10:08am On Feb 07, 2018 |
sisisioge: Thank you.. I had to ask him to edit his post on advertising... 2 Likes |
Re: OLX Shuts Down Office In Nigeria by Nobody: 10:09am On Feb 07, 2018 |
oreayo2011: Please explain ur point on working at night |
Re: OLX Shuts Down Office In Nigeria by kokomaster3d: 10:11am On Feb 07, 2018 |
222Martins: It depends on the business model. Some businesses require that you have huge number of users before you can make profits. And at some point in time, you may need to raise some money in order to expand even make more profits. |
Re: OLX Shuts Down Office In Nigeria by oreayo2011: 10:17am On Feb 07, 2018 |
With everything going on for it,Amazon could hardly declare a profit,how much more operating in a system where you have to provide your own logistics.Imagine how much konga spent on fueling their dispatch bikes daily,then imagine the thieves in admin inflating bills and putting in vouchers for services that were not rendered.Imagine the dispatch that somehow pockets 500 every time he is to buy fuel for the bike. Amazon spent a fortune building data centers that have eventually given birth to the very profitable Amazon Web Services,Konga and Jumia spend a fortune on diesel and acquisition of generators that just pollute the environment and make the cost profile of the business very ugly. Should I start on electricity?Naaa,story for another day.A quick question though,Payporte is sponsoring big brother naija,but does anyone use them ? 6 Likes 2 Shares |
Re: OLX Shuts Down Office In Nigeria by edoman2016: 10:18am On Feb 07, 2018 |
Most online start-up business are over hyped. |
Re: OLX Shuts Down Office In Nigeria by oreayo2011: 10:27am On Feb 07, 2018 |
If you have lived abroad,then you would realize there is an entire night ecosystem.Construction workers repairing roads,rail tracks etc.Street sweepers,advertising billboard companies changing billboard ads at night.Maintenance crews checking plumbing and electrical wiring in tunnels to make sure cities run efficiently during the day. How do you think large supermarkets always look neat and well arranged.Delivery trucks dock at night,deliver their goods and waiting staff sort and replenish the aisles before the first customers come in in the morning. Flights land in Heathrow from naija at 4am. That is the night economy at work. nurshah: 3 Likes |
Re: OLX Shuts Down Office In Nigeria by Nobody: 10:30am On Feb 07, 2018 |
oreayo2011: It's a simple question.. I wanted to know where the point of robbers etc working at night cane from a d it's ration to he point at hand You do not need to say if I had lived abroad.. I don't discuss my small a hievements on nairaland Thank you 1 Like |
Re: OLX Shuts Down Office In Nigeria by Nobody: 10:33am On Feb 07, 2018 |
[quote author=kokomaster3d post=64858285] It depends on the business model. Some businesses require that you have huge number of users before you can make profits. And at some point in time, you may need to raise some money in order to expand even make more profits.[/quotev] Alot of businesses demand u spend money to make money I just don't think this man is into business if he were he won't type such 1 Like |
Re: OLX Shuts Down Office In Nigeria by Chubhie: 10:38am On Feb 07, 2018 |
AishaBuhari:Tonaton is bigger than olx in Ghana. The guys running the app are making a kill. You pay to place your ads. You can imagine many businesses that depends solely on olx going offline? seun should position properly and take advantage. Whatever happened to nairalist? |
Re: OLX Shuts Down Office In Nigeria by IbnIbrahim: 11:10am On Feb 07, 2018 |
nurshah:Advertisement with sense. |
Re: OLX Shuts Down Office In Nigeria by Nobody: 11:19am On Feb 07, 2018 |
IbnIbrahim: Yeah but he didn't state such that's u one needs to Che k punctuation as well grammatical constructions so as to relate the right messages Check this :woman, with out her, man is nothing. Woman without her man, is nothing Can you see? Sam sentence but punctuation GA e different Interpretations and meanings 2 Likes |
Re: OLX Shuts Down Office In Nigeria by Youngzedd(m): 11:21am On Feb 07, 2018 |
CaptainMarvel: The data they get from WhatsApp users alone makes them billions of USD. 2 Likes |
Re: OLX Shuts Down Office In Nigeria by IForgotMyLoginD(f): 11:32am On Feb 07, 2018 |
In as much as I agree with you on most of the points made, you need to understand that it isn’t the media that’s deceiving a lot of people. The media is just a medium to reach out. It works for some Yes, but if a start up decides to pump millions into advertising, they do that at their own volition. So don’t blame us for people’s poor sense of business strategy or module. On the flip side, there are businesses that thrive well with major advertising... but advertising / publicity alone isn’t what drives a business to success. Advertising is just an ingredient. Every other thing has to be put in place. So when businesses fail, blaming a sector that has no control in decision making of SMEs or Established firms is wrong. 222Martins: 2 Likes 1 Share |
Re: OLX Shuts Down Office In Nigeria by biggy26: 11:44am On Feb 07, 2018 |
kagari:No! Simply overhead cost. |
Re: OLX Shuts Down Office In Nigeria by biggy26: 11:50am On Feb 07, 2018 |
sisisioge:You didn't get d gist. Lol! |
Re: OLX Shuts Down Office In Nigeria by GeekBoi(m): 11:51am On Feb 07, 2018 |
CaptainMarvel:True talk, but they just released WhatsApp Business which is specifically targeted at SMEs. Hopefully they can work out a strategy to monitize it and still make it useful and user-friendly. |
Re: OLX Shuts Down Office In Nigeria by Abolore25(m): 11:51am On Feb 07, 2018 |
OLX shooting down business in Nigeria and other African countries is not the first of it kind and it will not be last . Millions of businesses in Nigeria have experienced similar faith quietly and those who strive to stay afloat cannot produce to their fullest capacity. Economic policies in the country is not robust enough to encourage sustainability and growth and the end result is not only that companies and SMEs looses their identities but increases unemployment ratio. I am of the opinion that the country needs a messiah to revitalize its economic policies , springs up a fast financial support for the dead CEOs. #GodBlessNigeria |
Re: OLX Shuts Down Office In Nigeria by lekzy247: 12:02pm On Feb 07, 2018 |
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Re: OLX Shuts Down Office In Nigeria by buffalowings: 12:13pm On Feb 07, 2018 |
Scammers den |
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