Across the country, smart online entrepreneurs with brilliant business models find it hard, and often impossible, to get small business loans. In fact, many do not even know they can get loans. This may be because they are not taking their businesses serious. or the banks are just not lending.

Have the banks run out of money? Of course not! In fact, the volume of bank loans to large companies, multinationals, and big businesses are increasing every year.
So, what are the secrets of getting your small online business loan application approved?


What kind of small business loan should you apply for?
An overdraft is a type of loan that allows you to withdraw money from your bank account even if you have little or no money in it. So, if your bank approves an overdraft of N1,000,000 for your business, it means you will have access to this money even if your account balance is zero.

Unlike overdrafts, a term loan is a sum of money released to you by the bank and starts to accrue interest from the moment you receive it; whether you use it or not (unless the bank agrees to a delay, usually known as a ‘moratarium’).
This type of loan is best for long-term projects and can last from two to ten years, depending on your needs and terms of the loan. Just know that the longer the loan lasts, the more interest you will have to pay over time.


The reason why banks don’t like to give loans to small online businesses…
Why do banks not like to give loans to small businesses and startup entrepreneurs?
They call it ‘high risk.’

This simply means there is a high likelihood that something may go wrong with a small online business and make it unable to pay back the bank loan (plus interest).
If your bank believes that giving you a loan is a ‘high risk,’ your loan application will surely be denied! Unless you can do, show or prove something that reduces the risk to a low level, very few banks will want to give a loan to a high-risk business.

Let’s look at some effective ways to reduce the risk in your loan application and ensure that it gets the approval that you need to secure that small business loan.


Ways to improve the chances of getting your loan application approved…
Fortunately, it’s not an entirely sad situation; risks can be reduced.
Entrepreneurs who can successfully apply any of the ‘open secrets’ I’m about to reveal will significantly increase the chances of getting the loans they want from their banks.

Get a supply contract (or purchase order) from a credit-worthy customer
One of the big risks that worry your bank about your loan application is the ability of your small business to sell enough products or services that will make money to repay a loan.

A supply contract from a creditworthy customer (usually a company or organization with good business performance) proves to the bank that somebody is interested in your products and is willing to pay (and can pay).

With a contract in hand and a credible large company behind you, you would have significantly reduced the high risk that would make your loan application difficult to approve.
Do you have a good credit history?

If you have taken out a loan before and paid it back with all the interest and no delays, it often signals good behaviour and creditworthiness to banks.

Banks and other lending institutions can verify your credit history and gauge the ‘riskiness’ of giving you a loan. If you have been coming up short on a loan you took out previously with another bank, this may show up in your credit history and reduce your chances of getting your loan application approved.

If you have a poor credit history, the banks may insist on collateral or other forms of security for the loan.
This process was not common but now that almost everyone has a BVN, it is easier for them.


A detailed business plan always helps!
To convince the banks that lending you money will not be a gamble, it helps to present a detailed and well thought-out business plan.

What will your business be about?
Is there a market for your products and services?

What is your plan for marketing and selling your products?
What background and experience do you have to make the business work?
What will the loan amount be used for?
The more of these questions you can answer, the more comfortable and convinced the bank becomes.

Your business plan should be a road map that shows the bank that a lot of thinking and planning has gone into your business idea. Most small businesses and startup entrepreneurs do not do a good work of presenting detailed information about their business to the bank.

Writing a business plan can be a simple or complex affair depending on the type of business and who the business plan is meant for (you, banks, investors, business partners etc).


Get a guarantor to cover you
A guarantor is a person who guarantees to pay the bank in the event that you are unable to repay the loan and any interest it accrues. A guarantor is often someone who is wealthy or has valuable assets that can be used as collateral (or security) for the loan.

Having a guarantor to back up your loan application reduces the likelihood that you will not be able to pay back the loan. This usually gives banks the assurance they need to classify your loan application as a ‘low risk’.

And depending on the policies of the bank, your loan application would be approved.
Now you know how to get a small business loan from your bank: have you had any problems?

If you’re like many Nigerian startup entrepreneurs and small businesses, you may have been unlucky with your small business loan application.
What were the problems you faced?

Have you used any of the methods discussed in this article to help you secure a business loan?
We would love to hear from you.

[url=http://www.nigeriaonlinebusiness.com/2019/01/exposed-how-you-can-get-loans-for-your.html
]SEE ARTICLE SOURCE[/url]

On Thursday, I told a short story of a person that lost his online business because of carelessness and ignorance. What I did not tell you is that, that actually is a true life story and it happened to my friend. Of course, he has moved on now, rebranded and his new brand is flourishing. Obviously, he learnt a serious lesson first hand and I do not want you to experience it. It is horrible really because shortly after he lost the case, he slipped into depression and did not work for three months.

Today we will be talking about how to register your business and the several types of registration you can do.
The body responsible for registering all businesses in Nigeria is called CAC (Corporate Affairs Commission). They offer different types of registrations and requirements.

Types of Registrations With The CAC
Business Name:
Business name is the easiest form of registration you can do and you can complete the registration online without the help of a lawyer.
You firstly do a public search on the desired name to check the availability of the name. This will cost you a token of five hundred Naira only. However, if you want to get an accredited agent (usually a lawyer or a law firm)to help you with this, they will be charging you in the range of two thousand Naira to Five Thousand Naira.

After this process, you only need to fill the online form and you are good to go.
You will get a response between 24 to 72 hours and your business will be duly registered.

The cost for this was originally ten thousand Naira but they are running a promo till ending of March, you will be paying only five thousand Naira. However, if you were to hire someone, you will have to pay between fifteen thousand Naira to Thirty Thousand Naira.


Incorporation
There are two types of incorporation you can try. Public Limited Liability Company or Private Limited Liability Company. You may want to stick to the Private Limited Liability Company as it is less constricting and it is ideal for a small business.
For this, you have to do the above name search and then reservation. The name will be reserved for you for 60 days, so you have 60 days to register the company with that name before it becomes available to the public again.

Incorporation is a bit more complicated as compared to Business Name, we advise you hire a lawyer or one of the companies that specialize in doing that.
You can use Wingman Formation Company for the registration. I have used them several times and they are reliable.

To Check the process for Incorporation, you can check CAC website


Reasons Why You Should Register Your Business Now!
It gives you a unique identity (and protects it too)
There is a certain pride that comes with the identity of your own business.
It’s no longer that big idea you’ve had in your head all these years. It’s now a real thing that legally exists; with its own name and address.

Once it is confirmed that the name you’ve chosen for your dream business is available (that is, nobody else is already using it), you will be allowed to go ahead with the rest of the business registration processes.

And unless your business goes bankrupt and is formally dissolved, no other person can use or register the same name ever. (image credit: businessmasons.com)


It protects you from personal liability
This is arguably the biggest reason why many people have to register their business.
Without the legal protection of limited liability, you could lose your business and personal property if something goes wrong (say somebody sues you to court for heavy damages).

Imagine starting an online store, you started getting orders for all over the country. Unfortunately one of the products you sold was bad and the buyer is not happy, perhaps it even caused an injury.

The buyer decides to sue you for damages of N1,000,000. If your business is registered as a limited liability entity, the worst that could happen is that ONLY your business will be responsible for paying the damages because it is a separate entity from you.

However, if you were running an unregistered business, you may not be entirely safe. Why? Because your personal stuff (house, cars, money in the bank etc) may be used to settle any outstanding debts the business cannot settle.

Don’t forget, not all company types can offer this protection. Only Limited Liability type companies can do this. Business Name cannot provide protection from personal liability.


It makes you look serious and attracts more customers
In today’s modern world, most customers, especially corporate customers, expect a serious and responsible business to be registered even if you are operating solely online.

In fact, most companies will not do business with an unregistered business. In certain cases, it’s against the law for regulatory and tax reasons.
Think about it for a moment: If your business is not registered, how can you issue receipts to customers for products you sell or services delivered?
You can’t!

And who exactly pays for something these days without demanding a receipt? Unless your plan for your business is to become and remain a petty trading business that sells stuff online, you just have to register it to attract more discerning customers.

Nobody says you can’t survive with a business that isn’t registered. The likely outcome is that you may not grow and will probably remain small for a long time.


It’s easier to get bank credit and investment from investors
For banks, there are basically two categories of loans; Personal and Business Loans. They’re both totally different and one cannot be used to represent the other.

As a result, most banks will gladly lend you money to buy a new car or house but none will give you money to fund a business that isn’t registered. To qualify for a business loan, the Number 1 and non-negotiable requirement is that your business must be registered. Period!
For investors, it’s the same thing. Investors are interested in giving you money for a share of your business, and not to finance your personal lifestyle.
If there’s no registered business, what exactly will you be giving them a share of?
Investors want to know that your business is organized, exists legally and is separate from your personal life and finances.

No investor would take you seriously if you’re asking for investment but you don’t already have your business registered. To them, it’s a sign of unseriousness and a lack of professionalism. You don’t want anybody to have that impression of you.


It’s important for continuity sake
Jumia, Amazon, Konga, Click Bank, and Lina Ikeji's Blog. Do these names ring a bell?
Of course, they do.
These names are big multi-billion Naira businesses that have existed for a while and if the finders decide to retire today, Another CEO can be chosen to continue the business.

Nevertheless, these businesses, which were quite small when they started many years ago, remain very big and successful today.
It’s called continuity; human beings live and die but businesses have the ability to last forever as they are transferred from one generation to another.

What steps have you taken to register your business today?

SEE ARTICLE SOURCE

Savvy social media users can turn their hobby into a profitable business, and it's clear the time of social media influencers is here, especially the Instagram Influencer! The business of being a social media influencer may seem strange, but it's very much a legitimate source of income, and for many users, it's become a full-time career.

As social media continues to grow by leaps and bounds every day, so does the number of social influencers. Per the most recent stats, Instagram stands at 1 billion and Twitter at 330 million active monthly users, according to Statista. Facebook has, of course, surpassed them all and crossed the two billion monthly users mark recently

A social media influencer is essentially someone who can prompt others to participate in an activity or purchase a product by creating and publishing content on a popular social media network such as Twitter, Facebook, Snapchat, YouTube, Google Plus, and others. An influencer has a high number of followers or subscribers and a high ratio of regular interaction and engagement with their fans


1. Be Genuine!

Brands are willing to pay for your influence on social media. However, they will not pay you blindly. Simply having a large number of followers on your social channels is not good enough.

With the multitude of tools and tricks available, anyone can buy followers on social media. However, you must remember that fake followers are not genuinely interested in you or your content. So your level of influence on them will be scant.

Instead, you must work on growing your followers using your personality and great content. It is important to find a niche that resonates with you. If you are able to tell a compelling story to your audiences, you are most likely to win them over. The more authentic your story is, the more influence you can exert on your followers.


2. Make money with sponsored posts.
*

3. Try affiliate marketing.
Another great way to make money using your social influence is through affiliate marketing. With affiliate marketing, you are simply promoting the products or services of another brand. So when your followers make a purchase from an affiliate link, you get a percentage of it.



The most important thing to remember here is to choose brands or products related to your niche. If you steer away from it in your attempt at making money, it will do you more harm. If your followers do not see a consistent brand personality, they will soon unfollow you. Try putting yourself in your followers' shoes and think about what products they might benefit from.



Some of the most popular affiliate marketplaces are Amazon, CJ Affiliate, and ClickBank. The best way to use affiliate marketing that does not come across as spammy is to write product reviews. Also, it is recommended that you tell your followers upfront about your affiliate relationships.



If you will like to learn affiliate marketing with Clickbank and be a millionaire in no time, click here!



4. Create or co-create products.
Successful social media influencers use their influence to promote their own products or services too.



For example, if you are an expert in a field and you are known as an expert. Then you ought to be an influencer. If I am a popular fitness coach, I will run a business by selling workout programs.



You can even collaborate with the brands you work with and co-create products or services. For such partnerships, you can receive a commission on sales or charge a fee for becoming a brand ambassador.





Conclusion
The possibilities are endless once you have established a secure foothold on social media. It might take some time and effort to build up a decent follower base. However, if done well, the results will be well worth the investment.



Also, remember to continue engaging your followers with fresh content. Your followers are the people who pave the path to your success. Once you embark on that journey, don't leave them behind.

please this is the wrong thread for this. this is a blogging and affiliate marketing thread

Deucalion:
It isn’t as easy as you laid it to be

ok, please suggest an easier way to earn. bro nothing good comes easy. fold your sleeves bro and do not search for something easy.

Sunofgod:
Nigerian blogging = fake news.

if that is what you choose.

.

[quote author=Powerexpert post=72797259][/quote]

bro it hurts the way people come to forums to lie. please try to verify the claims of the person you quote and you will see clearly that he is just out to destroy. i am not the whatsapp type and will never tell anybody to contact me on whatsapp. all my students can attest to it. i just wish people can have conscience when they are typing such lies. its pathetic.

grandstar:


I'm terrified reading about the closure of your CB accounts as I plan to start a massive campaign within the next 2 weeks. I have my funnels ready.

My account is about 15years old though and ive never had issues with them

bro my sincere advice is that if you have spent enough time learning and understanding how clickbank operate and what vpns work and which ones don't work, please do not allow anybody to discourage you. i once lost $300 to paypal and ever since i discourage people from using paypal. this does not mean from that time to date Nigerians have not earned billions of Naira through paypal. if you loose any money on such sites what you need is to upgrade your knowledge. i still earn a lot of money from clickbank. you can confirm that from the videos on my site. check my signature.

how can somebody just be lying in an open forum.

Mannyemmy:
OP, the amount u stated at ur website, is it for just the ebook or for the training also? Cos I will also need tutoring?

just pick the contact number on the site and reach me.

ogapikin:
if you have something worthwhile to share please create a thread.

.

if you have something worthwhile to share please create a thread.

Otradearena:
Nice one

thanks

your questions on affiliate marketing are highly welcome

maybachmusic:
jagaban

.

[quote author=MasterRahl post=72795441]Affiliate Jagaban my man - the Government is working!!!

[/quote

..

feel free to ask all your affiliate marketing related questions.

Elpinto:
Hmm

space booking things

Frequently Asked Questions About Affiliate Marketing And Clickbank

As a beginner in Affiliate Marketing, you probably have lots of questions regarding it. How do I start? How do I Make money and so many more. Here are some of the more popular questions.

1. What is Affiliate Marketing?

Affiliate marketing is basically performance-based marketing, whereby affiliates/partners promote a merchant's product/service and get remunerated for every sale, visit or subscription sent to the merchant. It is a lot easier than you think.


2. How Can I Make Money From Affiliate Marketing

Let us use an example to explain. An online travel agent offers 5% commission for every air ticket booking that takes place on their website. You own a travel forum and place banners of that travel agent on your forum. For every user that clicks on the banners and then books an air ticket, you will receive a 5% commission on the value of the ticket the user booked!


3. Do I need to spend money (e.g., PPC, paid advertising, etc) to make money with affiliate marketing?

There are many different ways to make money as an affiliate. If you have money to invest, and you’re willing to put a lot of time into testing, you can make money fairly fast with PPC. But if you have more time than money, and you want to build a long-term site, I’d suggest focusing on building a blog on a topic that interests you. This can be done for very little cost.


4. Who Can Be An Affiliate Marketer?

Well, anyone really! Unlike other professions that require years of schooling or training, time at unpaid internships, or entry-level positions, literally anyone can become an affiliate marketing. There are no education requirements, no age requirements, and you don’t need to be located in any particular area. This is a job you can do solely from a good internet connection.


5. Clickbank seems to be the big thing among affiliate marketers. Do you use it extensively as well, or most of the offers you promote come from other places?

ClickBank has always been a massive powerhouse and the way they handle their payouts and backend is awesome. They get paid when a sale is made, so you never have to worry about an advertiser screwing over the network. From an affiliate aspect, they have an excellent selection of offers for almost any niche, with well-written creatives and ad content. As an advertiser, you simply create an account, add a product, a few creatives and you are ready to go. ClickBank is genius!
To learn how to make loads of money from click bank, click here


6. How many products can I have in my account?

One ClickBank account allows a vendor to offer up to 500 products.


7. Does ClickBank provide copyright protection for my website and products?

No. Per their Client Contract, it is your sole responsibility to obtain and maintain all applicable licenses and permits required for the operation of your business.

If you feel your content has been infringed upon in any way, you can submit a DMCA complaint. For more information on DMCA and filing a DMCA complaint, see the Digital Millennium Copyright Act ("DMCA" and Trademark Policy page.

If you wish to report a copyright or DMCA violation, contact ClickBank to fill out the necessary form.


8. What products are allowed or not allowed?

ClickBank accepts a wide variety of both digital and physical products.
Products can appear in any category listed in the Marketplace Categories section of the Using the Marketplace article.

The following product types are allowed:
One-time physical product
Recurring physical product
One-time digital product
Recurring digital product
Digital product with one-time physical component
Physical product with recurring digital component
Visit our Vendor & Product Requirements Policy Page for more information about types of products that are not allowed.

See the Product Guidelines article for more information about forbidden products and techniques for specific categories.


9. Do you believe that social media can be used to promote affiliate offers? If so, how?

Without a doubt. we’ve seen some great results with Facebook Fan Pages and Twitter for building up niche sites that people are really interested. You would be surprised at how many people will retweet articles they are interested in, and gladly contribute on your blog feedback.


I think it’s always important to track what traffic source is converting best. If you’re promoting your site in multiple places, always make sure you know which site is bringing in what conversions. This can be done with a simple “subid” and helps dramatically.


11. How Do I Get Started On Clickbank?

Here’s is a quick guide on how you can become a ClickBank affiliate.

while clickbank is known globally to have the largest collection of products ready for promotion, the unfurtunate part is that it does not officially accept Nigerians. But this does not mean that ordinary Nigerians are not earning Millions of Naira on clickbank monthly. the first thing to do in getting started with clickbank is to have a highly secured vpn. this can be free or paid. while most free and paid ones do not work, i was able to discover 1vpn that works flawlessly. i will show you how to set up the vpn easily in the source of this article.

once your vpn is set, visit clickbank, Start by signing up for a ClickBank account. Enter your personal information.
Getting Paid. Payments are sent out every 2 weeks if you wish to be paid by check and every week if you are eligible for direct deposits.
Choosing Products. The marketplace listings are sorted in popularity order, but you can as well use the search box to find your preferred product. Against each entry is a Promote button that provides you with the affiliate link. You will also be provided with info on the commission you will receive if you sell the item. if you will like to see a step by step guide on how to succeed in Nigeria as a clickbak affiliate marketer, please check the source.

ARTICLE SOURCE
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Olamsoh:
Fresh graduate/corper with Electrical Engineering background.

We need a fresh graduate or corp member in our company from Electrical Engineering background. Interested persons can send their CV to info@detopsyengineering.com. Location is Portharcourt.

why not create a thread about this?

Samabu07:

Outsourcing has its do's and dont's.

Getting the right folks to do your bidding efficiently key problem.

yes outsourcing just like everything else online requires learning, practice and experience. today, my greatest weapon online is outsourcing.

legibow:
Is okay � copied

noted.

TechCapon:
Nice one

thanks.

Kalapizim:
nice one...........you never could have said it better but Nigerian ISP are making things hard.

most of the proven working strategies requires having a vpn and in rear cases proxies. some of the free vpns works flawless on most of the strategies. while most of the vpns including the paid ones do not work. especially in issues like clickbank registration. i tried over 50 free and paid vpns before discovering that a particular free vpn is best for clickbank registration.

Samabu07:
Digital marketing is wide but if folks can create themselves as an expert in the various sub-niches, it will know more bounds. There are lots of methods out there people aren't aware enough or not taking advantage of. These days tools has made the job more easier than complex it was.
But still acquiring skills and mastering them is way forward.

well said. to perform at your optimum peak outsourcing is the key.

Kalapizim:
nice one

thanks.

Yesterday, we started talking about how to self-publish your book successfully and make loads of money Today we will continue how to self-publish that book you have always dreamt of writing and publishing.


1. Formatting Your Self-Published Book

Chances are when you are writing your book, you are writing it in MS Word format, you will have to convert this to Amazon Kindle Format. If you’re on a budget, there are plenty of resources online that can tell you how to format your book yourself for free. You can start by looking at Amazon Kindle Direct Publishing (KDP) forums where there are plenty of discussions on book formatting.

Also, keep in mind that formatting will look different for fiction versus nonfiction books.
Make sure your book is formatted properly by using the free online resource above or hiring someone who can handle the formatting process for you.


2. Self-Publishing Your Book

When you feel confident your book is ready for the public, you can create a KDP account and upload your book.
On the KDP main page, locate and click on “Your Bookshelf”.
Locate and click on “Kindle eBook Actions”.
Then, locate and click on “Edit eBook Content”.
Finally, click on “Upload eBook Manuscript”, and upload your manuscript file from your computer.
Amazon also allows you to select 7 keywords or keyword phrases to make sure your intended audience can find your book when searching on Amazon. It’s highly recommended you also select two different categories your book might fit into so you can reach a broader audience.

To select keywords and categories, look at other best-selling books in your niche and notice what keywords and categories those authors chose.
Once Amazon finishes uploading your file, a confirmation message will be sent and you can preview the uploaded file to check for any errors.

Create your Amazon author central account after uploading your book. Include a bio, photo, and link to your website or blog to help you stand out among authors. After a few more steps, you’ll be ready to publish your book, at which time you’ll click “save & publish” in your KDP book dashboard.

Afterwards, you should be ready to publish your book! Just click “save & publish” in the book editing screen!
Follow these steps to upload your book. You are allowed to upload your manuscript as many times as you want with each upload overriding the previous.


3. Pricing Your Book

One of the most important decisions when it comes to self-publishing a book is how to price it. The most common question I get from new writers is, “How much should my book cost?”
To answer this, my general rule of thumb is to have your book priced is between $2.99 to $5.99.

To be more specific, when beginning a launch, I would begin by pricing the book at $0.99 for the launch period. Then I would set the price to 2.99, and I would moderately increase the price by $1 every week and measure how well the new price performs. Once you see a sales dip, that will determine the exact price of your book that will guarantee book sales.
Find the perfect price by using this strategy that will attract your readers and best drive long-term success.


4. Forming a Launch Team

Your launch team is the group of people who are dedicated to helping make your book successful. They should be a passionate group of individuals who are eager to make your book launch successful.
To find quality candidates, here’s a questionnaire you can use to assess applicants and see if they’re qualified to market your book:

Why do you want to support my book?
What goals are you trying to reach with this project?
How would you market this book?
Which influencers would you reach out to and why?

Create an application with questions that align with your thought process. Try to be open-minded with those who think outside the box – they may be the perfect candidates that can get your book to become a bestseller.


5. Maximizing Book Launch Exposure

It’s not enough to learn how to publish a book and be done with it. You still have to take action even after your official launch.

As soon as your book goes live on Amazon, be sure to leverage your launch team and your audience to help you market your book! It may be odd to ask your fans for help, but your fans are there to support your project and want to see you succeed. You might be surprised how willing they’ll be to help you if you just ask!
Here are some marketing initiatives you can assign your team and audience to do:

Share content from your book as blog posts across social media
Submit reviews on Amazon
Help build your book’s website
Reach out to influencers for a future guest post or podcast feature
Share a book review on their YouTube channel
Buy extra copies to gift their friends

The additional exposure generated from your launch team and the audience will help push your book up Amazon’s rankings, which will drive more sales!

Create your book marketing launch plan using these methods. Measure each of these methods to see which will best get your book in the hands of new readers and convert into sales.