Tobaoye's Posts
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I am following your update We expect more later in the day. pp802: |
Alright. Thank you for the update. pp802: |
With my findings on the model of the current YOUWIN CONNECT, no cash (money) would be given to participants but rather participants are being prepared (trained) to develop a business plan that is viable enough to attract any interested INVESTOR. Equity financing model (as been used by the current YOUWIN CONNECT) is an arrangement in which someone has good and profitable business IDEA but no (capital) money to establish the idea or business. Then the idea owner now have to look for a way of getting someone who have money to finance the establishment of the business. And in return, the person with money will become a part owner of the established business. This mean that under the current YOUWIN connect, Federal Government (FG) does not really have much money to give to any participant as grant BUT FG is only training participants to be able to prepare viable / bankable business plans that will attract possible investors Therefore, the only thing that will attract investor to any YOUWIN CONNECT participant in form of CAPITAL is the bankable quality of your business plan. And the capital you will attract is like you are inviting someone to come and be part owner of your business. Though, it was stated from the beginning that it is going to be an EQUITY FINANCING arrangement, the only challenge I see in the whole thing is that federal government did not do enough orientation / sensitization to let participants understand the model (EQUITY FINANCING) better than this. |
Oga ENOCHEUNICE I could not enoub ut shake my head going through a number of your posts on this thread, considering the manner in which you keep displaying your ignorance. I can confirm you lack a basic understanding of the different funding types available to businesses, as your comments clearly shows you take the word "funding" to mean grants. See, business funding could come as either a grant, loan or equity. Having said that, going by your quoted comment above in which you refer to me as "Mr Know All" . I keep wondering who the Mr know all is between you and me(your guess is as good as mine) I already forsaw what is currently going on, when I posted the comment with the link, where it was clearly stated that that this current youwin connect program's funding model is equity(co investment model) and not grant as you and some other people were already hoping for. I had earlier posted a comment where I stated the Hon Finance Minister reaffirmed the fact that youwin connect is essentially about capacity building and equity funding under a co investment model. If you were a smart entrepreneur, all you needed to do was to meet an economist to explain co-investment equity funding model to you, instead of displaying your crass ignorance. Let me also restate as I earlier did that though youwin connect is a rebranded version of youwin, they are two entirely different government initiatives, with completely different objectives. The present government indeed released some funds(grants) to some outstanding youwin beneficiaries, but that does not mean the objectives of youwin connect has been altered. Hopefully when you attend the in class training, things will get clearer to you. Good morning and happy Sunday(in case you're a christian)[/quote]With my findings on the model of the current YOUWIN CONNECT, no cash (money) would be given to participants but rather participants are being prepared (trained) to develop a business plan that is viable enough to attract any interested INVESTOR. Equity financing model (as been used by the current YOUWIN CONNECT) is an arrangement in which someone has good and profitable business IDEA but no (capital) money to establish the idea or business. Then the idea owner now have to look for a way of getting someone who have money to finance the establishment of the business. And in return, the person with money will become a part owner of the established business. This mean that under the current YOUWIN connect, Federal Government (FG) does not really have much money to give to any participant as grant BUT FG is only training participants to be able to prepare viable / bankable business plans that will attract possible investors Therefore, the only thing that will attract investor to any YOUWIN CONNECT participant in form of CAPITAL is the bankable quality of your business plan. And the capital you will attract is like you are inviting someone to come and be part owner of your business. Though, it was stated from the beginning that it is going to be an EQUITY FINANCING arrangement, the only challenge I see in the whole thing is that federal government did not do enough orientation / sensitization to let participants understand the model (EQUITY FINANCING) better than this. |
Tosinayoko:Are you sure these results are as declared at INEC office in Benin? |
klexycole:Does that mean it is not too good to switch to "start selling" on my fiverr account that i opened in 2015 by clicking "Join". What will you advice me to do? Should I close the account and open new one |
Linqsz:I am good at using MS-Excel. You can contact me on my whatsapp by checking my profile for my mobile digit. |
Hello. Please, is there any negative implication of using MTN and Glo data lines interchangeably on the same Fiverr account due to fluctuation in both networks in my area. Thanks for quick reply. |
Hello guru in the house. Help me out Is there anything I am doing wrong by using both GLO and MTN line on thesame computer for work on fiverr since both networks are not stable in my area. Thank you for quick response. |
Alright. Thank you for the reponse. God bless you and more dollar into your account HazzanTazzan: |
Thank you Tabbaz for your contribution. God bless you real good. I will still expect HazzanTazzan's response. Tabbaz: |
It is an encouragement to those of us that are just starting on fiverr especially now that Nigerian economic situation is getting bad each passing second. Oga HazzanTazzan if I will not be asking for too much, can you just mention the stuff you do on fiverr, and let us see if we (the newbies) can go and receive training in such stuff so as to render service on fiverr and share on the dollar rain. I am saying this because the secret i got on fiverr is that for a newbie to succeed, the principle are LEARN IT, DO IT and SELL IT. God bless you for positive response to this question. HazzanTazzan: |
justi4jesu:Thank justi4jesus for your quick response. God bless you. |
Ok.
Thank you. God bless you real good. (quote author=tomisinobbm post=48914794] You can start earning its just that you cant withdraw yet.[/quote] |
Please, I need an expert to describe to me how to create and add video to my gig in order to pool sales Thank you for your quick response |
Hmmm. Does that mean I cannot start earning on fiverr until after September 28, 2016 when my payoneer card is expected to a]get to me tomisinobbm: |
tomisinobbm:ok Thank you |
To the experts in the house, is it possible for me to link my payoneer card to my fiverr account for receiving money while I am yet to activate the card (because the card will get to Nigeria in September)? |
Thank you for saying this obvious and important thing. I want to add this: people that are creating gigs they cannot deliver on fiverr must stop it NOW. They should not spoil the market / business for the serious ones. This is because if the rate of non delivered gigs is high from Nigerians, fiverr buyers will start seeing Nigerians as unserious and prospective fraudsters people Please for God sake, don't give serious marketers from Nigeria bad name. Remember, fiverr is a market place where serious Nigerians are making cool money / income. Don't block the channel and ruin the effort of people like beatzone who are giving information to people who want to earn real income. DerrickM: |
Can i also use my phone and laptop to work on my fiverr at different times |
Hello. Please, is there any thing I am doing wrong by using glo and mtn data lines to access my fiverr account |
akashi01:OK. Thank you. Then, I will do more research and findings on payoneer, how it works and how to obtain the payoneer card. |
akashi01:Does that mean that with payoneer my Paypal (Opened with Nigeria address) can be used to receive money from fiveer? Thank you. |
[quote author=akashi01 post=48540986]Does that mean that with payoneer my Paypal (Opened with Nigeria address) can be used to receive money from fiveer? Thank you. |
beatzone:Hello beatzone. My question is that is it compulsory that I have a paypal account that is opened with United States address before I can receive paypal pay from fiverr? Beatzone I can I contact you because I sent you a message to your email since Saturday but no reply. Thank you |
Hello. I have a PayPal account I opened with my Nigeria address about two years ago, can I use it to receive my fiverr pay? |
Good day. Can I use my PayPal account opened with a Nigeria IP address to accept my payment for work done on fiverr and be able to withdraw with my payoneer card? |
guy follow this link for step by step explanations... https://www.nairaland.com/3142952/how-register-payoneer-mastercard-nigeria Thank you. |
Good morning. How can I register for payoneer card and get it sent to me in Nigeria |
MMM was established in 1989 by Sergei Mavrodi,[2] his brother Vyacheslav Mavrodi, and Olga Melnikova. The name of the company was taken from the first letters of the three founders' surnames. Initially, the company imported computers and office equipment. In January 1992, tax police accused MMM of tax evasion, leading to the collapse of MMM-bank, and causing the company to have difficulty obtaining financing to support its operations. Faced with difficulties in funding its foreign trade, the company switched to the financial sector. It offered American stocks to Russian investors, but met with little success. Later, MMM-Invest was created for the purpose of collecting vouchers during privatisation. This effort was similarly unsuccessful.[citation needed] MMM created its successful Ponzi scheme in 1994. The company started attracting money from private investors, promising annual returns of up to one thousand percent. It is unclear whether a Ponzi scheme was Mavrodi's initial intention, inasmuch as such extravagant returns might have been possible during the Russian hyperinflation in such commerce as import-export.[citation needed] MMM grew rapidly. In February 1994, the company reported dividends of 1,000%, and started an aggressive TV ad campaign. Since the shares were not quoted on any stock exchange and the company itself determined the share price, it maintained a steady price growth of thousands of percent annually, leading the public to believe its shares were a safe and profitable investment.[citation needed] An important factor in the scheme's success was word of mouth, but most of the company's success came from its extremely aggressive ad campaign, which appealed to the general public by using "ordinary" characters that viewers could identify with. The most famous of them, a "folk hero" of early 1994, was Lyonya Golubkov. Another notable marketing effort was a giveaway of free Metro trips to all Moscow citizens on a particular day. MMM also was one of the first well-known companies in Russia with a logotype and slogans ("Flying from shadow to the light" and others).[citation needed] At its peak the company was taking in more than 100 billion rubles (about 50 million USD) each day from the sale of its shares to the public. Thus, the cashflow turnover at the MMM central office in Moscow was so high that it could not be estimated. The management started to count money in roomfuls (1 roomful of money, 2 roomfuls of money, etc.).[citation needed] Regular publication in the media of the rising MMM share price led President Boris Yeltsin to issue a decree in June 1994 prohibiting financial institutions from publicising their expected income.[citation needed] The success of MMM in attracting investors led to the creation of other similar companies, including Tibet, Chara, Khoper-Invest, Selenga, Telemarket, and Germes. All of these companies were characterised by aggressive television advertising and extremely high promised rates of return. One company promised annual returns of 30,000%.[citation needed] On July 22, 1994, the police closed the offices of MMM for tax evasion. For a few days the company attempted to continue the scheme, but soon ceased operations. At that point, Invest-Consulting, one of the company's subsidiaries, owed more than 50 billion rubles in taxes (USD 26 million), and MMM itself owed between 100 billion and 3 trillion rubles to the investors (from USD 50 million to USD 1.5 billion). In the aftermath at least 50 investors, having lost all of their money, committed suicide.[citation needed] Several organisations of "deceived investors" made efforts to recover their lost investments, but Sergei Mavrodi manipulated their indignation and directed it at the government. In August 1994 Mavrodi was arrested for tax evasion. However, he was soon elected to the Russian State Duma, with the support of the "deceived investors". He argued that the government, not MMM, was responsible for people losing their money, and promised to initiate a pay-back program. The amount ultimately paid back was minuscule compared to the amount owed.[citation needed] In October 1995, the Duma cancelled Mavrodi's right to immunity as a deputy. In 1996, he tried to run for Russia's presidency, but most of the signatures he received were rejected. MMM declared bankruptcy on September 22, 1997.[citation needed] While it was believed that Sergei Mavrodi left Russia and moved to the United States, it is possible that he stayed in Moscow, using his money to change apartments regularly and employ a group of former special agents. With the help of a distant relative he started Stock Generation Ltd., another pyramid scheme based around trading non-existent companies' stocks in a form of the "stock exchange game" on the company's site, stockgeneration.com. Despite a bold-letter warning on the main page that the site was not a real stock exchange, between 20,000 and 275,000 people, according to various estimates, fell for the promised 200% returns and lost their money. According to U.S. Securities and Exchange Commission, losses of victims were at least USD 5.5 million.[citation needed] Mavrodi was found and arrested in 2003. While in custody, Mavrodi was given until January 31, 2006 to read the documents in his fraud case against him (The criminal case consisted of 650 volumes, each 250-270 pages long).[citation needed] At the end of April 2007, Mavrodi was convicted of fraud, and given a sentence of four and a half years. Since he had already spent over four years in custody, he was released less than a month later, on May 22, 2007.[citation needed] He later went on to creating yet another pyramid scheme called MMM-2011. The MMM scandal led to increased regulation of the Russian stock market, but the legacy of the fraud led many to become extremely suspicious of any joint stock companies. In 2015 MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network".[3] The group was identified as a possible pyramid scheme by the National Consumer Commission and accounts of clients were later frozen by Capitec Bank.[4] In response to mounting criticism and official investigations by state authorities in 2016 supporters of the South African MMM scheme staged a protest march in Johannesburg.[5] In 2016, MMM launched a website targeting the Nigerian audience.[6] |
