fbtowner:
I just got another one now


I blame u OP that is why your parent sent you to school to be more wise intelligent and smart than they are but u failed

@fbtowner, I suppose you did not read through the post; if you did you will not be directing your comment to me (op).

This did not happen to me; it happened to someone else and I felt people can still learn from it.

Meanwhile, I hope you will correct your line of comment that abuses my personality.

However, I advise you to always take your time to read through post before making comment. That was why I instructed you to read till the end.

Thanks

It's that serious bro

This is actually nothing new about this really but the good thing about this story is that - it's a true life story. if you are like me; you will agree with me that good story lines are hard to forget - this is one such story. I hope we all learn from this because BenjaminZion was a VICTIM.

Read till the end Ooh:

Since last week Wednesday till yesterday, I frequently receive an SMS from this phone number: 234 803 413 8959. and the message read thus:

"Dear Customer, due to the BVN validation in compliance with CBN directives, your ATM card has been deactivated. Call our helpline on 08034138959 now.

My people, at first, I ignored it severally knowing that if truly its from First Bank, the SMS should've bear FIRST BANK name.

Then on Sunday, someone visited my house, so I decided to go withdraw but the ATM machine displayed that I've exceeded 5times of withdrawal which I haven't.
Now, I believed the SMS I got might be from the Bank Manager of the branch where I opened my account @ Onitsha.

Then today, around 12:17pm, I got same SMS and I decided to call because I'll be attending a seminar tomorrow here in Enugu which I need to withdraw money that will aid my transport and other expenses.

When I called, the number picked up & said "This Is FBN helpline, I'm speaking with Mr Benjamin Zion Arinzechukwu" I replied "Yes". He called out my account number & the last two digits of my ATM card. I was shocked then, I now believed it was from First Bank.
Throughout the dialogue, he was calling me Sir, Sir, Sir. I was convinced coz that's how bankers treat customers.

He asked me to call the 19digit pin on my ATM card, which is the Serial number & I dis exactly.
Within 4mins, I got this five code (28506) which I sent back to them as instructed. They told me to call Back after 40mins.

My people, within 25mins, I got an alert of #10.000, five times, which is 50.000naira.
I called back the number & complained; they say, they'll refund the money within the remaining 15mins. That they're testing the pin.

Then, I began suspecting the whole transaction.
I called a staff @ FBN Onitsha, the branch where I opened the account, her line was switched off.
I suspended the lunch I was preparing, switch off the gas cooker, dressed up like a mad man and made my way out of the house.

I stopped a Keke (tricycle), I even wore my belt and shirt inside the Keke.
When I got to the bank, I went straight to the Bank Manager's office (My new friend), I complained to him. He was mad @ me & blamed me for not calling him to confirm since I have his contact. I also blamed him for not informing me hitherto coz he knows such info & didn't informed me earlier.
He took me to the "Customer Service Unit", I was given a form where I penned down my Acc name & number. They blocked the ATM card & pin immediately.
Still @ the spot, I got a withdrawal alert of #30.000naira, summing it #80,000.

Many people came for same purpose; a lady was lamenting that after giving them her ATM Serial pin, within 30mins, she got an alert that she transferred 200.000 two times i.e 400.000naira. To one Mr Jude Okonta. Then, my anger was lessened, I began to thank God for making me notice on time & acted fastly.
I went outside & test the ATM card and it was blocked truly.

I called back the line, and the man/guy said "Sorry sir, for the inconvenience, we're trying to refund the money but there's poor network. I quickly lay curse upon the man, and gave him 1week to refund my money or he'll meet his waterloo.

How can a student like me lose such amount to nothing good.
Though I'm burning with ANGER & GRUDGES but
I decided to write an article on this, so that none of my friend will fall victim as I did today.
Kindly share this to others.

My names are: Benjamin Zion Arinzechukwu.
{Deo-Gratias}.

I also have received a message like this before but ignore it. Please, beware and always be on alert. However, you can share you experience here for others to learn.

Read more on business and entrepreneurship @ www.earnbase.com

This is indeed hilarious; I can't stop laughing. Jide Ogunsanya is the King of bloggers in Nigeria earns N1 with Domainking Affiliate program. As stated by Jide himself:

Affiliate Marketing is one of the ways I make money online in Nigeria. It allows me to earn commission by promoting other people's (or company's) products or services. Whenever I promote a product to others, I earn a piece of the profit for each sale that I make.

Ever since DomainKing launched in Nigeria, I have been promoting their services especially to those looking for where to buy domain names in Nigeria and where to get cheap web hosting in Nigeria.

According to the affiliate monthly referrals report I received from DomainKing yesterday, I have referred 599 customers so far but my earnings is just N1 "change" (Nigerian currency), not even $1. lol

Is it really possible to refer 599 customers and not earn anything? I even wonder how a transaction can be 'Pending" since 2015 and not "Cancelled".

Trust me! This will definitely have a negative impact on Domainking affiliate program; because this report will definitely put off some young blogger.

See what people are saying already...
http://www.earnbase.com/jide-ogunaya-earns-n1-with-domainking/

idinmachi:
Thanks @ Mr Strongbest. God bless you immersely. Pls where can we get the canwood, is lavender and lemon grass oil same as fragrance ? The chemical sellers said is the same thing. Thanks

You get canwood from the Elewe Omo (herb sellers) . You can always get them in any major market. In fact, they are likely to be in your street bro.
Canwood is called Osun locally. It is small in size and reddish in colour.

However, I will suggest you dissolved it in water before you use it because of it smell.

That was the soap I mad with canwood. It was very nice though you may not like the smell. That is why it advise you try the smell out before using in on your product.

Thanks... I hope this helps

Khaynet:
1). Go into contract as a supplier to a trustworthy bakery
2). Get someone to do the selling so you don't have to confront customer except on special occasions.
3). Collect down payment for credit sales.
4). Give Significant discount to encourage cash purchases.
5). Charge a little extra for credit purchases.
6). Make provision for bad debt.
7). Keep complete credit record and make the customer acknowledge it probably by signature.

My 2cents.

Remember to check my signature.

Good one bro

There are basic things that you can do to reduce your risk but you can't totally eradicate credit facilities in such business bro.
1. Always start small will your buyers. Try and start with half Bag if possible. Tell them they have to earn your trust before you can start to supply them more. The truth is that if you don't do this they will take your flour and spend your money on another thing. That is their way!

2. Offer a discount or bonus to loyal and faithful customers. Make sure you have a plan to encourage people who don't owe you for a week or a month or quarterly. Depending on what you felt it's right. But monthly, is found to work best in my opinion.

If you can implement these two suggestions properly; it will help reduce your risk greatly bro.

Best if luck

Charpell:

Why is your number always switched off?

Am sorry about that. That means you have been calling my Glo line. It's in a black berry phone and the battery is not that good.

However, you can always call this my other MTN 08060023272 line. It's always on...always.

Am sorry, once again for the inconveniences.
Thanks

oscarvicto:
. Contact me on 08063333215. Oscarv ictor93@yahoo.com

Am sorry, If I did not attend to your question here.

Sometime, I deliberately did not answer valuable questions here because nairaland can banned anybody anytime. Secondly, it may be because I don't visit Nairaland always.

Please, can you post your question on my blog again? By that you will ensure speedy response.

Thanks

Ogazyduby:
Please kindly give us here your physical business address. I am interested in investing.
Thank you

476, Lagos Abeokuta Express Way,
General Bus Stop, Ojokoro

Where ever you are coming from. Just get to Oshodi or Iyana-Ipaja.
From Oshodi or Iyana-Ipaja; take a bus going to Agbado Ijaye and highlight @ General Bus Stop.
My office is by the road side.

Please, always give me a call before coming so I will let you know if I will be in the office.
Thanks

Ohana:
is it wrong to give them our nigeria bank account?

No, it's not wrong but there must be some level of trust before any buyer will pay into your account anyway.

Another thing that greatly determine that is the size of the export product and the cash involved.

WE WISH HIM WHAT HE WISHES US

Here are my best

Hybrid01:

I still didn't get your number from that site. Where can I really check from? Why don't you want to post it here. Or BBM pin

They are there sir.
In fact, you can call directly if you visit our blog with you mobile phone.
Please, do try and check again.
Thanks

U

Hybrid01:

The op kinda gave the measurement for 25litres of water on that website of his. Maybe you should check it out.

Thanks

Hybrid01:

Yea. Thanks. I actually learnt that from a church programme. I had done it before seeing your method which I saw just yesterday.
By the way I want to start a small chemical company which I can grow into a large one and I have a few things in mind-production of soap;yoghurt;deodorants and cosmetics. But most of the large chemical companies I see now don't do all those together. And I don't know if my future company will be able to compete with the already existing large companies. Maybe you could advice me someway. And can you give me your number so we could chat on whatsapp? Or bbm

Can you imagine! This my brother did not even learn from this thread and someone is already rubbishing someone's effort.

Thanks for coming out straight.
You just saved my ass. Lol
As for my number; it's always on my blog.

Thanks once again bro

Lucwaizy:
@op, myvision, you are giving an inaccurate information to the public. First you have make someone to waste time and money producing and pouring it away.

Secondly, to make a good quality soup you must have an accurate measurement for each chemical... Methods depend on personal skill but a good method/procedures is what give you the product after reaction.. As a chemist, you should know that accurate quantity/processing gives you accurate reactant.

NOTE: I am not trying to discourage you or making an insult. I love you passion and keep it up, but try to make it accurate.



Measuring tools or apparatus, let use milk cup


Eg. Caustic soda........................1 peak milk cup
Soda ash.....................½ milk cup
STTP..................... 2 teaspoon

Etc

Thank you for you contribution.
But you saying I gave out an inaccurate information is an insult.

And I will appreciate if you can ascertain your claims before you start insulting a brother.

I don't see where have given out wrong information. Was I the one who gave him the procedure he followed or the measurement he used?

It would have been awesome if you have just suggested your own measurement or better still you ask me to post my measurements.

If you have criticised my method or measurements; it would have been a different case.

Lastly, I don't preach what I don't practice. What ever I teach; it is what I practised.

Anyway, thanks for contributing to this thread but I wish you could correct your comments.

Thanks

Hybrid01:
In my production I made a mistake somewhere. The liquid soap became hot and it formed colloids. I had to pour it away

Am sorry, about that.
Honestly, am happy because it happened to me my first time too.
The reason was because you did not have enough water.

However, I will like to know how you did it. Can you please, explain the process you followed paying close detail to the quantity of water you used at each point?

You are already better; because you tried.
Congratulations!

I shall be waiting your response.

omoteamac:
but you said you will share some contacts of practising exporters

List sheared.
Thanks

May be I need to clear the air once again.
For example, if you are exporting from Nigeria to any other country (USA).
You are the Seller in Nigeria (EXPORTER) and your Buyer will be an IMPORTER in USA.

So, it will be:
Importer + USA + Cocoa
This will give you lists of IMPORTER in USA buying Cocoa product.
Is that clear sir?

omoteamac:
boss i tried this thing but its bringing lists of suppliers instead of importers

Please send the screen shot to the house and let us take a look.
May be you are not doing it right.
Thanks

I am still laughing....
https://www.facebook.com/Aakay49/videos/10153656153961025/

omoteamac:
but you said you will share some contacts of practising exporters

Yes sir, I have not forgotten that. I will do that soon.
Thanks

meemeee:
Good job!!!!

Thanks bro

How To Receive Payment From a Foreign Buyer

This is one question; I receive a lot from young exporters. How do I receive payment from a foreign buyer? If that is also the question that runs through your mind - congratulations because we shall be discussing in details how you can receive payment from a foreign buyer in this piece. Quickly, let me divulge to you how you can receive payment from a foreign buyer.

There are so many ways by which you can do this; just that some are safer than the other. However, I will advise you to stick with the one (payment method) that secure you most as the seller; else you trust the buyer. Meanwhile, remember people can change anytime. That is why you should make sure your own investment as a seller is secure at all cost - safety first!

In a domestic (local) sales transaction, the seller may be used to selling on open account (selling on credit),
extending credit, or asking for cash on delivery like Jumia or Konga. It is not like that on international sales transaction; that is why certain methods of payment are designed to give the seller a greater level of protection. This is because it is more difficult for a seller to go to a foreign country or institute a lawsuit; if the buyer refuses to pay.

1. Cash In Advance/ Wire Transfers via Banking Channels

When sellers are dealing with buyers who are typically unknown to them, with whom they have no prior payment experience, then the seller may insist that the buyer pay by cash in advance. However, buyers may be unwilling to wire the money to the seller until they are satisfied that the goods have been sent or until after arrival and inspection.

2. Credit Sales (Letter of credit)

Where a seller wants to give the buyer some credit but also to have security of payment, the seller often requires the buyer to obtain a documentary letter of credit from a bank in his or her country (the buyer’s country). The seller may also require that the letter of credit be confirmed by his or her own bank (bank in the seller’s country), which guarantees payment by the buyer’s bank. This letter of credit acts as an obligation of the bank guaranteeing the buyer’s payment. In some cases, however, the buyer will be unable to obtain a letter of credit, for example, because the buyer’s bank does not feel comfortable with the buyer’s financial solvency. Furthermore, issuance
of letters of credit involves the payment of bank fees, which are normally paid for by the buyer, and the buyer usually does not wish to incur such expenses in addition to the cost of purchasing the goods.

This method is mostly used when the seller is anxious to make the sale or if other competitors are willing to offer more liberal payment terms, the seller may be forced to give up a letter of credit and agree to make the sale on some
other, less secure, method of payment.

3. Draft Documentary/Document Against Payment (D/P)

The next best method of payment is by sight draft documentary collection, commonly known as documents against payment or D/P transactions. In this case, the exporter uses the services of a bank to effect payment. The seller will ship the goods, and the bill of lading and a draft (that is, a document like a check in the amount of the
sale drawn on the buyer which is payable to the seller) will be forwarded to the seller’s bank. The seller’s bank will forward such documents to the buyer's bank in the foreign country (sometimes the seller or its freight forwarder
sends the documents directly to the foreign bank—this is known as Direct Collection), and the foreign bank will collect payment from the buyer prior to the time that the goods arrive. If payment is not made by the buyer, the correspondent bank does not release the bill of lading to the buyer, and the buyer will be unable to take possession
of the goods or clear customs. Direct collections are often used for air shipments to avoid delays through the seller’s bank and, also, because air waybills are non-negotiable.

4. Time Draft/Document Against Acceptance (D/A)

The next least secure payment method is to utilize a time draft, commonly known as documents against acceptance or D/A transactions. Like the sight draft transaction, the bill of lading and time draft are forwarded through banking channels, but the buyer agrees to make payment within a certain number of days (for example, 30 to 180) after she receives and accepts the draft. Normally, this permits the buyer to obtain possession of the goods and may give the buyer enough time to resell them before her obligation to pay comes due. However, documents against acceptance transactions are a significantly greater risk for the seller because, if the buyer does not pay at the promised time, the seller’s only recourse is to file a lawsuit—the goods have already been released to the buyer.

5. Open Account (Payment on Delivery)

The least secure payment method is sale on open account, where the seller makes the sale and the shipment by forwarding the bill of lading and a commercial invoice directly to the buyer for payment. Because the bill of lading is sent directly to the buyer, once it leaves the possession of the seller, the seller will be unable to control what happens to the goods and the buyer will be able to obtain the goods whether or not payment is made.

6. Counter trade

Another method of payment that may arise in international sales is counter trade. Counter trade describes a variety of practices, such as barter (an exchange of goods), counter purchase (where the seller must agree to purchase a certain amount from the buyer or from another seller in the buyer’s country), or offset (where the seller must
reinvest some of the sales profits in the buyer’s country).

These are the most common ways by which you can transact business internationally. That is why it is better you ask your buyer how he or she will like to pay you, and make sure you agreed on a particular mode of payment before sending out your goods as an exporter.

I hope this helps someone.