₦airaland Forum

TokyoBulls: I can't be surprised at the claim of N1M/day advert spend. For the kind of visibility Jumia.com gets online, you need a fortune. An in-house unconfirmed source claims that they have a 'must spend' budget of $7M this year. That's some good dough to spread around and outbid all adverts on Google or Yahoo

Afam4eva: See as China just break record wey don dey for over 60 years.

bethnals: mods front page.

UK = to much rules, to much procedure, to much tax, poor food, no culture, no sense of belonging etc

Humans are not meant to be living such a 'restricted' life so no matter how much money you make the place will always feel souless and feel like you own nothing at the end of your working life.

Better go back to Naija even if it means starting with a small shop selling fruit. Not so easy for the older guys with kids but if you are young, single and have a 'base' (somewhere to Stay/family) then Naija = endless possibilities. 10X better than working some shitty job for peanuts where over half your salary goes on rent.

jm8181: Thanks Guk.. For your info.. This is something new that our nairlanad users may not aware about it. So by that logic all big Internet startup companies are funded by outsiders isn't it ? Mocality / Dealfish / Olx funded by SA based NAspers; Jumia, konga by Rocket Internet Venture Capital which is european based. ... Tradestable is also based out at Europe and part of Schibsted Classified Media. So there is no surprise; If those companies are spending huge on advertising; because of huge pumping of money by their parents companies.

As everyone knows that even Microsoft, Google, IBM all our US based companies. But it's good that like all developed countries; our country saw their investment here. In last 2-3 years; Such giants IT companies started coming in Nigeria;; and more are geared up to set up their base here.

bottom line is : This shows Nigerian IT / Internet industry is booming. That's the reason most of the companies have started investing here. Isn't it good sign? Yes this is a business; some fails and some succeeded.

CPO recruitment: Maybe this should be in the literature section.

bigx: The Business model they are all copying, Groupon is not a viable one, so they'd all just go the same way with it

Seun: I think the market may have been too small to support their cost structure. "Overhead walks on two legs".

Dual Core: It wasn't built with just the passion, it was built with people's funding.

When something is built with passion, it takes time to watch it grow and you don't mind if it doesn't start making you any real money in the first 2-3 years. On the other hand when something is built with funding, the aim is profit from the start. So when you can't realize that aim you come under pressure from those funding your project to kill the business as they don't see any profits coming in.