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9 Ways To Make Money From Ecommerce In Nigeria In 2020

Online Business

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June 3, 2020

9 Ways To Make Money From Ecommerce In Nigeria In 2020

This is a step by step guide on how Nigerians can make money from e-Commerce in 2020.

Should you want to earn some side income, then this might be the perfect business for you. To start with, I will define the term “e-Commerce”.

E-commerce is short for “Electronic Commerce”, it simply means any form of commerce(buying and selling) that is done digitally, using the internet. It is also the use of Digital and Online Solutions in the purchase of goods and services.

For instance:

If you buy a product from a seller in Nigeria or abroad without having to leave the comfort of your room or office, that is e-Commerce. If you buy airtime and data or pay for utility bills and services online, that is also e-Commerce.

The Nigerian e-Commerce industry

The e-Commerce sector in Nigeria is currently worth $13 Billion (goods traded yearly), and on a daily basis, over 500,000 online transactions in Nigeria is being processed. According to a research published by McKinsey, the e-Commerce industry is expected to account for 10% of all retail sales in Nigeria which is projected to be $75 Billion by 2025. This is mainly as a result of the rapid increase in the level of internet and mobile penetration in Nigeria.

Why e-Commerce is the future of commerce in Nigeria

The availability of fast internet and cheap smartphones has contributed greatly to the rapid increase of e-Commerce activities in Nigeria; And if I must let you know; this trend won’t stop anytime soon.

Another major reason for its adoption is that e-Commerce transaction is seamless. It saves a lot of time as it can be done from the comfort of your room using a mobile device.

Besides, sellers get to make more money because they have a wider customer access range (to more customers across the country) while buyers get to save costs by choosing from a wide range of vendors and better prices.

To make money via e-Commerce in Nigeria, you need to be a seller. You need to sell a product or service online. It doesn’t matter whether it is your product or not, but you must sell, and I will explain how to do this below.

9 Ways To Start eCommerce Business in Nigeria.

1. Buy products from China and sell them in Nigeria.

This is one of the most profitable ways to make money from e-Commerce in Nigeria. You simply buy products on Chinese e-Commerce platforms(like AliExpress, Alibaba, and 1688), and you sell at a good profit margin.

A piece of advice here: make sure you buy “Hot Selling” or “Hot in Demand” products that you can easily sell once it gets delivered to Nigeria. This way, you wouldn’t tie your money down on products that people will never buy. Go to sites like Facebook and Jiji.ng and observe what people are buying online.

2. Buy used gadgets from the United State(US) and sell them in Nigeria

This is another easy way to start an e-commerce business in Nigeria. You buy neatly used electronic gadgets from the US using classified ads platforms like OfferUp and Letgo. You then sell it here in Nigeria at a good profit margin. I will suggest you buy trending products like neatly used Samsung S10, iPhone 11, and Macbook Pro as there is a readily available market for these products here in Nigeria.

By the way, you will need a trusted agent(in the US) to help you verify the product is original, in good working condition, and also make the payment on your behalf. He would then send the gadget to Nigeria(Lagos to be precise) where you can then pick it up and then sell the gadget here in Nigeria at a good profit margin.

Click here for a detailed article on how to order used gadgets from USA using OfferUp.

3. Buy brand new gadgets from Amazon and sell it in Nigeria

Another profitable e-Commerce business you can start is buying goods on Amazon and selling it here in Nigeria. You see, Amazon is known for the sale of good quality products at affordable prices. Relatively, they are more trusted than other platforms.

You can buy quality laptops that are scarce in Nigeria and make a good profit.

Note that Amazon doesn’t ship all products to Nigeria. It’s either you buy light products that are been shipped directly to Nigeria or you create a virtual US address on My US.com and ship all the goods you’re buying from Amazon via that platform.

Note that not all Amazon product sells in Nigeria, and you’ve got to consider the cost of custom and the selling price of the product in the market before you order for it.

4. Sell on amazon

Instead of just buying on amazon to sell in Nigeria, you can also sell your products on the platform. This way you can sell to people across the globe and make more money. Hot-selling products Nigerians can sell on Amazon include hardcover books, PDFs, and other digital goods. This guide on Legit.ng would help you out if you want to start selling on Amazon as a Nigerian.

5. Become an Amazon Affiliate

Aside from buying and selling on Amazon, you can also make cool cash by directing customers to quality products on Amazon. This is best done by reviewing Amazon products on your blog or a Youtube channel and then sharing your affiliate links to your followers so that they can place an order.

You can get between 1% to 10% commission depending on the type of goods purchased. And from experience, luxury goods attract more commission when compared to cheaper goods.

Click here to register as an Amazon Affiliate. You may also use my affiliate link in case you want to place an order on Amazon any time soon. That way, I might earn some commission. Thank you.

6. Sell on Jumia

Jumia is the largest e-Commerce platform in Nigeria, by simply setting up a store on the platform, you would be able to sell to thousands of Nigerians across the country and make cool cash. To get started, you need to register on Jumia Vendor Marketplace, upload your product and then start promoting it online.

Most times, Jumia will handle the delivery of the product across Nigeria. All you need to do is to ensure the product is readily available and drop it off at the nearest Jumia pickup store when you have an active order. Failure to provide goods for delivery within 48 hours of having an order would give your store a negative reputation. So do well to avoid this.

Jumia charges a commission on each product you sell through them. It ranges from 6% to 15.36% depending on the category of the product. You need to consider this when setting your price, otherwise, you may end up without a profit. I’m sure you wouldn’t want to just work for Jumia.

7. Become a Jumia Affiliate

As a Jumia Affiliate, you can earn up to 13% on each sale you refer to the platform. The way you make money here is similar to the Amazon Affiliate Program I explained earlier in this article. You need to review some of the products available on Jumia and recommend it to the followers of your blogs and social media accounts. I will recommend you leverage on Youtube and Instagram to promote the products but feel free to try other methods as well.

You can also earn commissions and bonuses by joining the Jumia Force. Here you work as a Jumia sales agent, helping people around you to place orders daily. You can also build a team of sales agents and earn commissions from each member of your team. If you will like to be a sales leader then you should definitely check it out. You can find more details about it below.

8. Sell on Konga

Konga is the second-largest e-commerce platform in Nigeria. It was founded in 2012 and it currently has millions of active monthly buyers. Selling on the platform is quite easy and similar to that of Amazon and Jumia. They claim to charge a lesser commission on the product sold when on their platform thus giving you the opportunity to earn more money. What do you think? Click here to register and start selling on Konga.

9. Become a Konga Affiliate

The Konga affiliate program(also known as YuBoss) allows you to earn commission promoting products that are being sold on Konga. It is similar to the Amazon and Jumia affiliate programs. All you need is to review the products on your Blog or Social Media accounts, and then recommend your followers to purchase it via your affiliate link. You can earn as high as a 10% commission on each sale.

Conclusion

Making money from e-Commerce is not rocket science. All you need to do is either sell products online or refer your friends, families, and followers to this e-Commerce platform and get paid commissions.

The 9 methods I shared above are the easiest ways to make money from e-Commerce in Nigeria but you don’t need to limit yourself to them alone. If you have more capital, you may as well create your e-Commerce platform as I did with Filta.ng, or start ordering wholesale products via containers and seaports. They can also be very profitable if you get it right.

Feel free to ask me any questions as regards operating your own e-Commerce business.

You may also drop your suggestions in the comments below.

I will love to hear from you.

Always to your financial success,

Kehinde Lawal
Founder, 9jacashflow.com

How To Buy An Asset In 5 Simple Steps

Kehinde Lawal

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April 27, 2020

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Hey Guys!

You’re welcome to this new set of articles titled Business Basics. I plan to use it to educate us on the nitty-gritty of the business world, which we may have forgotten. I’m certain you will find it impactful.

In this first article, we would be looking at how to purchase an asset. And to those who don’t know the meaning of an asset, it’s simply anything that puts money into your pocket, and good examples are:

Land (Appreciates in value)
Writing a book (You get paid royalties)
House (If you rent it out, you get paid monthly or yearly)
Gold (Appreciate in value)
Online Business (reoccurring income)
Bitcoin (Digital Asset/Gold)
And many more.

So how do you buy an asset, that’s exactly what I will teach you next.

Criteria for buying an asset

1. Passion

The first thing when you want to buy an asset is passion. If you don’t like something, do not buy it. I see a lot of people saying let me just manage this for now etc. That’s very wrong. If you’re not passionate about whatever you want to buy, just forget about it.

2. Profitable

Of course, if you’re not yet a billionaire you need to make profitability your watchword when purchasing an asset.

You need to ask yourself the following questions:

How much would I make monthly/yearly if I buy?
How much would I make a profit if I buy at the seller’s price?
I’m I buying at a discount (cheap) or at a premium (expensive)?
Is the proposed price the cheapest I can get it?

3. Original Documents

After making sure you’re getting a good deal on the asset you’re buying, the next thing to ensure is that the seller has all the original documents of the asset.

If it’s a real estate deal, you’re looking at siting the Certificate of Occupancy(C of O), Government Approval, Deed of Assignment, etc. And if it’s a digital device, you’re looking at sitting the receipt, etc.

4. Payment Option

There are numerous options to pay for an asset, especially in countries abroad where we have ESCROW (middle man) payment services like PayPal, etc.

If you’re based in Nigeria where there is little to no ESCROW service, the best way to make payment is through bank transfer or cheque. Always avoid cash payment but if you must do, make sure you have witnesses, and you’re dealing with a good seller.

5. Written Contact

This is very important. You need your lawyer to issue you a document that you and the seller will both sign prior to making payment for the asset.

It’s usually titled “An Asset Purchase Agreement” and it would serve as proof in case any issue arises in the deal.

If you don’t have a lawyer, you can use an online application/template to create the agreement and make sure there’s a portion for witnesses to sign.

In Conclusion

Buying an asset is never as hard as many people think. You just need; to be passionate about it, ensure it’s a profitable deal, the sellers got all the original documents, you paid through the bank or an ESCROW, and finally both buyer and seller signed the Asset Purchase Agreement.

I hope you’ve learned something new.

Feel free to ask any questions or make suggestions using the comments below.

Thank you, and until next time keep learning.

Always to your financial success,
Kehinde Lawal,
Founder 9jaCashFlow

50 Lessons Every Crypto Trader Must Know

Kehinde Lawal

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April 5, 2020

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50 Lessons Every Crypto Trader Must Know

Below is a list of the 50 lessons my mentor (Chris Dunn) learn from trading cryptocurrency for the past 8 years. I hope you find it educative enough.

50 Crypto Trading & Investing Lessons Learned Over The Past 8 Years

1. Everyone’s a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets.
2. Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money.
3. There’s a big difference between a trade and an investment.
4. Fully plan your trade before you pull the trigger on the entry.
5. Entries are important, but risk & money management is where you make or lose money.
6. Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year.
7. Decide which types of trade setups or investments you’ll take and ignore everything else.
8. Don’t assume just because you’ve made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you.
9. The best way to day trade cryptocurrencies is – DON’T!
10. The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you’re going to lose 100% of your capital. It’s the “angel investor” approach.
11. You can’t control the market. The only thing you can control is your entries, trade size, and exits.
12. One market participant can completely destroy “good technical analysis”.
13. Don’t blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms.
14. All financial networking marketing projects are ponzi schemes, period.
15. If you make a life-changing amount of money, do NOTHING for at least 30 days.
16. Trading isn’t about picking exact tops and bottoms in a market – it’s about catching the meat of a move.
17. Don’t turn a small losing trade into a massive losing investment.
18. Don’t set daily profit target goals – set long-term performance goals.
19. Learn to survive, then thrive.
20. The best charting indicators are price action and volume. You can use others, but it won’t necessarily make you a more profitable trader.
21. Trends can go way past what seems rational.
22. Don’t try to pick tops in a market. Wait for the market to tell you when the trend is over.
23. Don’t trade in front of big news events – it’s impossible to predict how markets will react.
24. The biggest challenge for most traders is their ego, or the need to be right.
25. You can lose 50% of your trades and still be profitable if you manage risk properly.
26. The best entrepreneurs and CEO’s typically make the worst traders and investors.
27. People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police.
28. Avoid pump and dump groups like the plague they are.
29. You WILL make every mistake in the book. Don’t beat yourself up when you make mistakes, just learn and try not to make the same mistake twice.
30. Don’t treat crypto exchanges like bank accounts. You don’t own the coins unless you control the private keys.
31. Crypto is a 24/7/365 market. You can’t catch every trade. If you miss one, don’t worry – there’s ALWAYS another trade.
32. Don’t invest in a coin unless you understand it inside out.
33. You can make money trading the momentum and hype in shitcoins, just don’t invest long-term.
34. Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position.
35. Don’t trade with money you need for living expenses. It’s called “risk capital” for a reason.
36. Think of yourself as a hunter – save your ammo for the big game.
37. Crypocurrency exchanges go down when there’s high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else.
38. Trading and investing brings all your emotions to the forefront – fear, greed, hesitation.
39. The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do.
40. Just because a market is in a “bubble” doesn’t mean it’s going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one.
41. Manage your trades in a way that would leave you with no regrets no matter what the market does.
42. Learn to think like a contrarian. If you’re someone who needs to have your opinion validated by everyone around you, then trading and investing isn’t for you.
43. The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries.
44. Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether.
45. 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly.
46. The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money.
47. The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact.
48. You can make a career’s worth of profit in one year or one trade – don’t feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays.
49. Don’t trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don’t participate at all.
50. Take the news for what it is – they’re trying to get views and clicks. They’re NOT looking out for your best interests or trying to help you make money.

CLICK HERE TO READ FULL ARTICLE

96 Crypto And Forex Terms You Should Know

Kehinde Lawal

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March 29, 2020

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96 Crypto And Forex Terms You Should Know

The trading and investing world can be so overwhelming with a lot of things to learn. So below have highlighted the major terminologies you must understand if you find yourself trading either Crypto or Forex.

These terms are taken from one of the best Cryptocurrency course available out there titled “Cryptocurrencies & Wyckoff“. They are defined with how they are used in the text and at Wyckoff SMI.

I’m sure you will find it beneficial, so read through and thank me later.

96 Crypto And Forex Terms

Absorption: The reduction of the floating supply caused by persistent longer-term buying within a trading range.
Accumulation: The establishment of an investment or speculative position by professional interests in anticipation of an advance in price.
Advance: A rise in price or an upward movement in a coin or index.
Angle of Advance: The inclination of a rising price trend.
Angle of Decline: The inclination of a lowering price trend.
Apex: The focal point of converging support and supply lines. (See dead center, hinge, pivot, wedge).
Average: A numerical representation which purports to reflect the mean (average) price of a particular class of coins.
Averaging:
(1) Dollar Averaging: a periodic investing of a definite number of dollars irrespective of the number of coins involved;
(2) Share Averaging: periodic purchases of the same number of coins irrespective of the number of dollars required.
(3) Averaging Up: periodic purchases on a rising scale whose purpose generally is to pyramid profits; and
(4) Averaging Down: periodic purchases as a price declines, which has the general purpose of lowering the mean cost of the coin.
Bear: A speculator who concludes that the probable future trend will be one of declining prices.
Bear Market: A market condition characterized by declining prices.
Breakthrough: A price movement above/below a previous supply/support area.
Bulge: A sudden expansion of price or volume. (However, bulge generally is used in reference to volume. volume.)
Bull: A speculator who concludes that the probable future trend will be one of advancing prices.
Bull Market: A market condition characterized by advancing prices.
Buying Climax: A situation characterized by the highest intensity of speculative demand occurring within an uptrend. This situation occurs only after a move has been in effect for some time. This condition marks the end or the approaching end of the particular uptrend.
Campaign: An organized market operation for the purpose of moving the price of a coin.
Commitment: A market position in a coin or other trading medium.
Composite Average: An index composed of a number of coins which is used to represent the general market. Normally constructed by adding the prices of a limited but fixed number of coins, then dividing by the number of coins making up the average.
Composite Man: The term used to refer to the sponsors or large professional interests in the market, also called composite operator.
Cover: The act of buying a coin previously sold short. (See short sale, short covering).
Culminating: The ending of a move.
Day Order: An order to buy or sell which is good only on the particular day on which it is made.
Dead Center: The focal point of converging support and supply lines. (Also, apex, hinge, pivot wedge).
Deduction: The form of logic or reasoning which proceeds from the general statement to the specific case.
Distribution: The elimination of a long investment or speculative position.
Figure Charts: A chart of a coin, stock, commodity or index, which takes into consideration price movements and fluctuations. Volume and regular time intervals are not generally used in the construction of figure charts.
Floating Supply: The supply of coin that is normally available for purchase during a given period of time.
Force Index: An index developed by the Stock Market Institute to portray the investment factors during continuous periods of market history.
G.T.C. (Good ’til Cancelled) A customer’s order to buy or sell coins at a specified price. The order remains in effect until it is either executed or cancelled.
Hedge: A condition in which both long and short positions are maintained by the same interests.
High: The highest price of a coin, security, issue, index, etc., for a specific time period. Generally , the highest price of the day.
Hinge: The focal point of converging support and supply lines. (See apex, dead center, pivot, wedge).
Hypodermics: A deliberately forced, fast mark-up in the price of a coin. The purpose of hypodermics is the stimulation of uninformed buying in order to facilitate distribution.
Index (Price): A statistical instrument which is used to determine the trend of a particular class of security. This is not an average.
Induction: The reasoning process or logic which begins with specific cases and proceeds to a broad generalization.
Inside Day: A day for which the high and low prices are, respectively,lower and higher than those of the preceding day.
Institutional Investors: Generally, large corporate investors such as banks, insurance companies, investment trusts, mutual funds, pension funds, colleges and universities, and charitable foundations.
Intermediate Trend: A price movement which has two basic characteristics. These are (a) a move of approximately 15% of its value and (b) a duration of two weeks to two months.
Intra-Day Wave Chart: A continuous line chart reflecting the price swings occurring entirely within a single day’s trading (IDWC).
Investment Position: Coin holdings established for investment purpose only.
Law of Supply and Demand: The basic economic law used to explain the cause of all price changes.
Limit Order: An order to buy or sell only at a specified price or at one more favorable than the specified price.
Line of Least Resistance: The trend of coin prices, whether it be advancing or declining.
Locked-In: A psychological state of mind which exists when an individual believes that he cannot afford to liquidate a security position.
Long: The ownership of coins.
Long-Sale: The sale of a long coin position.
Long Terms: Financially , it is considered to be a five year investment; the tax definition can be different.
Low: The lowest price of a coin, security, issue, index, etc., for a specific time period. Generally, the lowest price of the day.
Margin: The amount of money deposited by a customer when he uses credit to buy coins, the balance being financed or advanced by the broker/exchange.
Mark-Down: A sustained downward price movement.
Market Order: An order to buy or sell at the best price available at the time the order is received.
Mark-up: A sustained upward price movement.
Option: A contractual right to buy or sell a security at a specified price within a specified period of time.
Optimism-Pessimism Index: An index developed by Wyckoff SMI which reflects the optimism due to buying and pessimism due to selling during any specific period of market history.
Overbought: A condition in which the supply – demand relationship for a particular class of coins is such that normal equilibrium between economic forces exists only at a price below that at which the current trades are being made.
Preparation: Transactions designed to affect the supply – demand relationship for a security order to facilitate its future price move.
Pressure: Sustained selling of a coin.
Primary Distribution: The initial liquidation of a long position.
Process of Rotation: The principle that all coins of a class do not prepare, advance, or decline at the same time. Some coins lead the various stages while others lag.
Pyramid: The use of accrued profits to enlarge a speculative position.
Rally: A short term advance in the price of any coins, securities or class of securities.
Reaction: A short term decline in the price of any coins, securities or class of securities.
Resistance: Opposition to advancing prices caused by an increase in the available supply.
Secondary Distribution: The liquidation of a long coin position occurring after primary distri-bution but prior to the next mark-down phase. A plateau in a big down move.
Selling Climax: A situation characterized by the highest intensity of speculative supply occurring within a downtrend. This situation occurs only after a move has been in effect for some time. This condition marks the end or the approaching end of the particular downtrend.
Shakeout: A deliberately forced price reaction, whose purpose is that of stimulating public selling in order to facilitate the accumulation of speculative positions.
Short Covering: Buying a coin to eliminate or close out a short position.
Short Position: Coins, securities and/or commodity future contracts sold short.
Short Sale: Sale of a borrowed coin by a person who believes the price will decline. i.e. You place an order to sell short 200 coins.
Speculation: To assume a market risk in expectation of gain; especially, to buy or sell in expectation of profiting from market fluctuations.
Springboard: A condition in the price movement of a coin that has completed preparation and has been brought to a point where the coin may move into a mark-up or a mark-down period.
Stop Limit Order: An order to buy or sell which becomes a limit order as soon as the coin’s price reaches or sells through a specified stop price.
Stop Order: An order to buy or sell which becomes a market order as soon as the price of the coin reaches or sells through the specified price.
Straddle: Going long in one coin and short in another.
Strength: A coin reflects strength when its price shows the ability to advance.
Strong Technical Position: Condition in which normal available demand exceeds floating supply.
Supply Line: In a downtrend a line connecting at least two important points of supply.
Support: Opposition to declining prices caused by the increase in available demand.
Tape Reader: A person trained to determine the characteristics of market fluctuations, using data which he derives from the order book.
Technical Rally: A technical rebound. A part of a typical selling climax. (Automatic rally)
Technical Reaction: Opposite of technical rally-part of a typical buying climax.(Automatic reaction)
Technometer: An index developed by the WyckoffSMI for the purpose of indicating normal extremes in the supply – demand conditions.
Terminal Shakeout: A sharp downward thrust through a previous support area. Executed for the purpose of buying all the coin possible from weak or vulnerable holders.
Terminal Thrust: A temporary bulge through the top of a trading range which fails to hold.
Thrust: The price difference between consecutive tops in uptrends or between consecutive bottoms in downtrends.
Thrust Movement: A sharp run-up out of an area of distribution; or a temporary bulge through the top of a trading range which fails to hold (Synonym: upthrust).
Trade: To buy or sell coins, stocks, securities, options, etc.
Trading Range: A condition characterized by temporary price trends, which are offset by ensueing moves in the opposite direction, and by a persisting equilibrium in the supply – demand relationship.
Trend: The line of least resistance. It is the direction in which a price is moving.
Trend Charts: These are charts which graphically depict the trend of a coin, the general cryptocurrency market, or index.
Turning Point: The place at which a coin price trend reverses its direction.
Upthrust: A sharp price movement above a prior supply level, which does not hold, but immediately reacts below that previous level.
Vertical Line Charts: Charts which graph the volume, high, low, and closing prices for the day, week, month, or year of any coin or index.
Weakness: The ability of price to decline.
Weak Technical Position: A condition in which normal available demand is exceeded by the floating supply.
Wedge: The focal point of converging support and supply lines. (See apex, dead center, hinge, pivot.)
Whipsawed: A situation in which a speculator is repeatedly wrong no matter what he does. It usually results from buying at the tops and selling at the bottoms.

Click here to learn how much you can make trading Forex or Cryptocurrency.

If you would like to take the course and you need a discount, you can send me a WhatsApp message(+234 810 185 0909).

3 Things You Should Do To Leverage On Naira Devaluation

Online Business

Kehinde Lawal

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March 21, 2020

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3 Things You Should Do To Leverage On Naira Devaluation

Hey! Guys,

How are we doing amidst Coronavirus(Covid 19)? Trust all is GOOD.

In this article, I want to elaborate on a video I published on February 10, 2020, titled “What you should do if the Naira gets Devalued against the US Dollar.”

As expected, the federal government of Nigeria(FGN) through the Central Bank of Nigeria (CBN) did devalue the Naira from 306/$ to 367/$.

You can as well confirm that on Business day and other daily Nigerian news platforms. But that’s not the purpose of this article 😂.

The major reason why I wrote this article is to tell you 3 things you can do now that the Naira has been devalued. Keep reading, I’m very certain you will find this article useful.

3 ways to leverage on Naira Devaluation

You can actually do a lot of things that would boost your finances and make more money as a result of the Naira Devaluation, but these are my few suggestions:

1. Start earning in dollars.

The world we live in is a global village, and only earning from your country’s economy is now a thing of the past.
You can be in Nigeria and earn money easily from the United States, and other big economies of the world.

All you need to do is to master a particular Digital skill and then connect yourself with platforms that would enable you work globally.
Can you design a website very well? Or are you very good at editing videos? These little things can earn you as much as $1000 monthly.

What do you think?🤔 Or are you saying, you can’t design a website or edit videos.

STOP that!

Other skills that could also fetch you good income while working globally from Nigeria are:

Copyrighting
Music production
Graphic design
3D Animation
Content Editing
Virtual assistant
Content upload to excel
UI/UX design
Customer support
Digital Marketing etc.

Note: You’ve got to master these skills very well otherwise you might not be able to earn money month in month out.

People only want to give jobs to professionals, and if you’re short of that, getting a consistent job will be hard.

Once you build these skills, you can get jobs on the global marketplace like Fiverr, Upwork, and 99designs.

2. Start Trading Forex or Cryptocurrency online.

The second thing you can do to start earning dollars is by trading the global financial market. Note that I didn’t say the Nigerian stock exchange because its current state is appalling and that’s an article for another day.

As a Nigerian, you can trade the global financial market through Cryptocurrency and Forex. And this is by no means an easy way to make money. You’ve still got to put in countless hours learning how to trade profitably.

Anyway, I’ve got good news for you. Learning how to trade and make $300 per month is not as hard as learning how to make $1,000,000 monthly.

So if you have a realistic income target from trading, and you’re not greedy, I can help you out.

Send me a Whatsapp message on (0810 185 0909) and we’re good to go. You can also check out other resources on trading Cryptocurrency and Forex on this website by clicking here.

3. Start selling products in US Dollars

I know a lot of people dislike selling, but let’s face reality, selling products in dollars is one of the easiest ways to leverage on a devalued Naira.

Can you import products abroad and get paid in dollars? Or can you sell other people’s goods and get paid in dollars? You see the choice is left to you.

I personally, would prefer selling other people’s products. I can enroll as an affiliate on Amazon and promote hot-selling products created by others.

If instead, you want to sell your personal product, you can create eBooks and other digital products and sell them on Amazon Kindles, etc.

There are numerous things you can do, and that’s why you’ve got to put your creativity to use.

Conclusion

The bottom line of this article is that you need to earn money in US Dollars to leverage on a devalued Naira. Don’t be among those that are complaining.

Put your creativity to use and earn yourself some income by working globally, trading Cryptocurrency and Forex, and selling products online.

You can even tell your relatives abroad to send you money but that’s left to you. Just be smart enough 😉 to realize the opportunity in every difficulty.

I hope you’ve learned something new.
Kindly share this article with anyone who you think could benefit and feel free to share your thoughts in the comments below 👇.

How Much Can You Really Make Trading Forex or Cryptocurrency?

Kehinde Lawal

-

March 1, 2020

0

How Much Can You Really Make Trading Forex or Cryptocurrency?

Whether you like it or not, Bitcoin and other decentralized cryptocurrencies are the future of money.

I feel the adoption of crypto is just getting started in Africa. And this is mainly because every single day I get a lot of WhatsApp messages from newbies asking me funny questions 😂 like how much can they make trading $10 worth of Bitcoin.

That aside, I think what’s of most importance is helping this new entrant in the crypto space get the right knowledge. And that’s why we launched 9jacashflow academy and created our free crypto trading course.

You SEE! When I first heard about Bitcoin in 2013, I couldn’t comprehend it because there was rarely any information about it online.

It took me 3 years before I could buy my first Bitcoin in 2016, and guess what! I lost it to Ponzi schemes like MMMunited, Ultimatecycler, and many more.

But I wasn’t discouraged, instead, I was fascinated by what I kept learning every single day once I went down the crypto rabbit hole. Needless to say, it was very costly, and not everybody could survive the trial and error in this space.

Moreover, to combat the scams out there and the misinformation about trading Bitcoin and Forex, I will be dropping some insightful tips based on my experience thus far.

I’m sure you want to learn, so let’s get started.

Can you make money trading Crypto and Forex?

To answer the above question, I need to first take look at your mindset. Are you in it for the short term or long term?

One thing I realize in the world of trading is that there is no one size fits all or one right way of doing things. It all depends on your competence, experience, and preference.

I believe that the only way to make money in Forex or Cryptocurrency is if you’re in it for the long term.

You invest (Buy and hold) for months, and years, that way you let time work to your advantage.

I don’t think Newbies can make real money in the short term, and this is mainly as a result of high frequency/algometric trading, and the fact that short-term trades can be costly and in no time lead to fatal results. That is you lose all your money.

The second thing to look at is consistency

Do you want to earn a big amount of money in a month or two, and lose everything thereafter or do you want to keep earning little by little continuously every month for life?

In Forex for example, if you want to start making instant guaranteed returns immediately, you will lose your money. But if you’re willing to be consistent, and grow /compound your capital by 2% every month then you might as well start making money from Forex.

Mind you that you will need to keep reinvesting into the Forex business until a small growth of 2% of your portfolio becomes a tangible source of money.

What people won’t tell you about trading 😂

1 Trading is very difficult: Yes, it can be very difficult, especially for newbies. So forget all the Lamborghinis and Ferrari’s on social media and face the HARD reality about trading.

2. Most people make money from teaching trading rather than trading the market. I call them fake teachers 😂. I hope you wouldn’t be one of them.

3. It takes years to build the skill of profitable trading. If you think I’m wrong, prove it.

4. Margin trading is a way to transfer money from broke ass niggas with little Cryptocurrency to larger players with numerous cryptocurrencies. Only margin trade what you’re ready to lose.

5. You’ve got to trade less to profit more. 90% of day traders(people that execute trades daily) lose money.

I think have ranted much about the things they will never tell you about trading. I can continue to give you more and more but let’s leave that for another day.

Trading Tips

Here are some tips that could help you improve your trading skill.

1. Get a job: Yes go and get a job. There is no way you can make money consistently as a trader if you’re using scared money. I mean it. I have experimented it and lost millions.

2. Keep adding to your capital monthly. Yes! You’ve got to keep increasing your capital base. Imagine you build your capital to $50,000. A 2% gain($1000) on your capital could cover your basic expenses.

3. Trade less profit more. I won’t say much about this. All I know is that staring at the computer every day is very different from placing trades every day.

4. You need daily exercise 😂 because that’s the only way you can clear your mind from the noise in the market.

5. Use proper position size and stop loss to protect your capital. It’s much easier to lose money that makes money in the market. All you’ve to do is place big bet size and never use a stop loss. I hope you never fall victim to this.

When should you start trading?

I’m not in the best position to tell you when you should start trading. The market is not running away, and it will always provide opportunities every single day.

I REPEAT! You don’t need to rush or be in a hurry. Take your time to read about trading and find a mentor.

The market will always be there.

If you have any questions, don’t hesitate to put it in the comments below.

And if you’ll like to join my online trading master class, feel free to reach out to me on Whatsapp (+234 810 185 0909).

Until next time my friend, keep learning 📖.

9 Mistakes I Made When I Started Trading And Investing

Kehinde Lawal

-

February 5, 2020

0

9 Mistakes I Made When I Started Trading And Investing

Investing in your future is one of the most important things you can do in life. Simply put, it is the process of making your money work for you(i.e. you turn your capital into your employee), and the only reason why you should not be an investor is if you don’t like to make more money or create additional sources of income. Truth be told, you’ve got to start early because investing is not a get-rich-quick scheme. You need to have a long-term mindset. I will also be the first to tell you that the game of investing can be fun and interesting when you’re making money, and it can also be frustrating if you’re not making a dine. So in this article, I will be showing you nine(9) of the early mistakes I made as an investor so that you can avoid them and at the same time become a better investor.

9 Mistakes I Made In My Early Investment Stage

Mistake 1: Not having a well-written and clearly stated goal

This perhaps the single mistake made by all the newbies in the investing world. Most don’t have a well written and documented goal. All they want to do is make money 💰, but I will tell you from experience that making money is not a good goal. And without a solid goal; you can make a lot of money, get carried away by shining objects, and lose everything you made within a matter of days.

So what’s a good goal?

A good goal start with you knowing yourself and understanding your current financial situation. After evaluating myself, my goal might be to achieve financial freedom in 5 years or to raise my current portfolio to $50,000 in 2 years. That’s Kehinde Lawal’s goal and you shouldn’t copy it because we’re different and it might not necessarily work for you.

Also, your goal will determine the strategy you will employ in your investing. This is how you invest, what you invest in, and how long you will be in an investment. I will like to suggest that your goal should not be hard in any way. It should be as simple as possible.

You need to also know your tolerance for risk. I like a more risky and high-yield investment. Conversely, if you have a low tolerance to risk and you have huge savings, a sample goal for you might be to earn 10% on your capital every year over five years, through investment in treasury bills. Again, that’s you.

Mistake 2: Not focusing

The mistake of not focusing is major as a result of not having a clear goal. Once you have a clear and well-written goal then you would know what to focus on.

You see, as a beginner investor, there are numerous investment vehicle/asset class you can put your money into. We have Stocks, Bonds, Cryptocurrency, Foreign Exchange(FOREX), Real Estate, Real Estate Investment Trusts(REITs), Commodities etc. It’s always advisable that at first, it’s good to focus on just one. When you now understand the nitty-gritty, and you’re profitable you can now move to others.

Again, do not make the mistake of trying all these investment options at ones. You might end up losing more than you can afford to lose. It happened to me, I had lost all my money when I switched from Forex to Crypto before I realised that this is different games and playing fields. Even if you choose Cryptocurrency, you can further streamline your portfolio to the first 100 crypto or the ones with large market capitalization. If you trade commodities you can start by only trading Gold and Silver. It’s simple but hard to do if you can’t ignore the shining object and focus on your underlining asset.

Mistake 3: Poor position sizing

I will be the first to agree that it takes discipline before you can master position sizing. Position size is how big or how small you bet. Wrong or poor position sizing simply means you’re placing more money on a bet than you can afford to lose and relative to your account balance.

Let me ask you a question. If you have #100,000 and you’re to bet on the outcome of a football match that you’re uncertain about the outcome. Will you put all the 100,000 in a single bet?

I’m sure you would not, but if you try it that’s wrong position sizing. It means if you lose that bet you’re packing your backs and going home. And that’s what every trader try to avoid. Losing all their capital and not being able to make any more trades.

Even if you place a bet with half of your total balance 😉 it’s still poor Position sizing. It means that you will no longer be in the game if you’re wrong 2 consecutive games in a role. Which is very possible.

So what’s the best position sizing technique?

Although some people advise you split your capital into 4, that is you don’t use more than 25% of your capital on a single trade, I think using 25% as risk capital is for experts. The proper position sizing technique is to not use more than 1% as your risk capital especially if you’re trading. That way you would still be in the game even if you lose 280 bets in a roll, which is often not possible.

Mistake 4: Poor Trade Management

Even after some people have set out a clear and we’ll written goal, they still don’t know how to manage their trade and investment well from entry to exit. You will see a lot of people exiting a trade with little profit even when there’s still potential for upward growth or more profit. You also see people closing a well-taken trade/investment just because it went against them a little.

Part of poor trade management is scalping the market when you’re a swing trader or long term position trader. Some people even spend all their time on the PC watching the charts. This poor trade management technique can lead to health issues. To manage your trade you only need common sense, Stop Loss, and checking the status of your trade like twice in a day if you’re a long-term trader.

Mistake 5: Not using Stop Loss

Most traders are guilty of this mistake many times due to overconfidence 😂. You see, when they start making big money, they now think they’re an expert. They now start placing a trade without stop loss believing they can’t go wrong.

You see, a Stop Loss is like a fire extinguisher, you only know it’s important when things start burning. And in other to avoid large burnt or large losses, you just have to use the fire extinguishers.

Never make the mistake of not using a stop loss. You see there are only 4 outcomes in trading.

Big win,
small win,
small loss, and;
big loss

If you can avoid number 4 (big loss) in the first place, you will always be in the game. What a stop Loss does is to help you remove big loss, so use it.

Mistake 6: Not dollar-cost averaging

This a very simple technique. You see, the same way you shouldn’t test the depth of a river with both feet, you should not also buy a commodity or go into an investment with all your money thinking that it’s right time for it to go up or invest.

Instead, what you do when you see a commodity that the price is so low and you think it will go up is to buy gradually, and that’s called dollar-cost averaging. When you buy with little capital at first, you keep buying as the price continues to fall. And if the price didn’t fall, you also buy as it keeps rising. Using this method helps you average you cost, potential loss and potential profit.

Your final average price is the total value of what you bought divided by the total quantity you bought.

Mistake 7: Not being realistic or trying to force profit out of the market.

This very common among new traders and investor. Let say the market is in a correction or bear market, and prices start falling. Some newbie traders might decide to buy at that moment, just to risk it and make little profit on the retracement. That’s quite horrible and can be very expensive. It’s like killing an ant with a hammer. You risk too much just to force little profit out of the market, and if things don’t go as you plan, you lose big.

Mistake 8: Not paying your debt or borrowing at high interest to invest

You see, one thing I did and later realised was very wrong was not paying off my debt, and also borrowing money at a high-interest rate to invest.

I don’t need to explain to you that most times when you owe people money, your mind will not always be at rest. And if you carry that state of mind to trading and investing, you will make every other mistake highlighted in this article.

Another silly mistake is borrowing money at a high interest of about 25% and using it to trade or invest. That’s stupidity and I have done it. I borrowed money from branch app to invest in a market that there are no guaranteed returns in a short time. Because I had to pay branch back the money + interest after a month. I over-leverage and lost all the money. If you have debt first pay them off and trade with the rest of the cash you have, even if it’s little.

Mistake 9: Patience

The main purpose of trading and investing is to grow money and not to make money. Therefore, you must have a long-term perspective and mindset if you want to be successful and be in the game.

Let me tell you this, you can hardly make money day trading Forex, Stocks, Crypto etc. This is mainly because of robot/algometric trading. They have taken short-term opportunities from the market and you can only make tangible money if you are holding trades for a couple of weeks or even months. If you think I’m lying, do prove me wrong.

Bonus Mistakes: Over leveraging, Overtrading, and Under Capitalization

I grouped this because if you’re able to avoid the first set of mistakes I highlighted above, then you will avoid this final set of mistakes.

Over leveraging simply means you’re borrowing money in other to increase your position size. It’s a double-edged sword and it’s always a bitter experience if things don’t go as planned.

Overtrading simply means you have decided to ignore the necessary research stage that’s needed to validate best trades and you now make any trade you feel like trading. I think this a zero-sum game because you will lose money in the end. Funny enough, computers even does it better than you. They can search for trades based on preconfigured settings and they can even execute many trades that you can think off within the shortest time.

Under Capitalization simply means you have very little capital to trade and as a result, you’re trying to force money out of the market through bad position sizing or over-leveraging.

In Conclusion

Trading and investing can be a very interesting game if you can avoid big losses. Nevertheless, mistakes are unavoidable and can be very costly if you don’t have proper risk management. You should try to ensure that you have a clear and well-written goal that shapes your strategy. You should also ensure you employ proper position sizing without leveraging too much or forcing profit of the market. Do not over trade, and have patience.

Trading and investing is a long-term game, which means consistency matters a lot over short-term profit. There’s no point winning big at first and losing everything in the end. You can’t win if you blow up your account in few trades and you’re out of the market. Follow the above rules and thank me later.

Have any questions, don’t hesitate to use the comments below.

Always to your financial success.

How To Start Importing Phones And Laptops From USA

Online Business

Kehinde Lawal

-

January 30, 2020

26

The importation business is a very lucrative business. It’s by far one of the few businesses you can do in Nigeria and earn over 100% profit. So how do you start this business? It’s quite easy. In this article, I will give you a step-by-step guide on how to start the business of importing gadgets from the United State and selling it with a huge profit in Nigeria.

How To Start Importing Phones And Laptops From USA

The basic requirement that you need for importing quality gadget at a dead cheap price is a smartphone or laptop, a platform to buy the product, and a platform to sell the product. I will cover all this in detail later in the article. Money is another requirement, but I won’t go into that since you can start this business with as little as ₦50,000.

1. A Smartphone:

Any up-to-date android device can be used to run this business. Speed is of importance here, so getting a very fast smartphone or laptop can give you a hedge over others. Now that you got a good smartphone and you’re ready to start buying, you will need to visit websites like Jumia & Jiji to know what is trending. Doing this will give you a hint of what people are buying and what they’re not buying.

2. A Platform To Buy The Product

Next is a platform to purchase your products. You see, buying quality gadgets in the US at a dead-cheap price is mostly done through bidding or off-sale. Bidding simply means you’re participating in an auction, where people compete to buy a product by giving a higher offer than the previous offer. On the other hand, off-sale means people decide to sell their old-model products at a very huge discount simply because they’ve gotten a newer model, and the old one is no longer needed.

As a beginner, I will suggest you start with off-sale because it’s much easier and less expensive. And the website I will recommend you start with is Offerup.com. Wait! Before you rush to the website you need to understand two things:

Offerup is a US platform where people dispose of their products to other people in their community, and you shouldn’t go there and tell them you’re a Nigerian.
Since you’re not in the US, you will need someone over there to pick up those goods, How To Start Importing Phones And Laptops From USAnd getting trusted agents to do that for you is easy but it will cost you around $20(₦7,200).

So how do you buy your products as a Nigerian, without any trouble?

First, you need to download Puffin Browser from your Google Play store on mobile
Next, you visit Offerup and log in with your Facebook account
Then you off your location on Android(Note that you’re required to off your location so you can see product listings from US cities. If you don’t off your location you will most likely see listings from Lagos, Nigeria).
After which you edit your profile with a single name like Peter or Richard, then you use an interesting image as your profile picture. I used a Lamborghini car as my image.
You can now search for products to buy. I advise you to use LA as your search location because that’s one of the places where I have a reliable agent to pick it up on your behalf.
Once you find a deal, try to negotiate with the seller. Also, ask if the phone or laptop doesn’t have any fault because spending money on repairs might make it pretty expensive to sell. If it requires you to unlock the gadget, you need to figure out how much unlock costs in Nigeria.
After you’ve agreed to the price, you tell the seller to drop the address of a Starbucks or Cafe near him, and his/her phone number.
You then contact the pickup agent. You will need to send the Naira equivalent of the product to the pickup agent using ₦370/$. You will also add a transport fee in LA which is about $20 to drive and pick up the Gadget.
Once the pickup agent verifies that the product is in good condition, he will pick it up and send you the pictures.
If you want to deliver it to Lagos with 2 days of express shipping, it will cost you $15 and $45 for the phone and laptop respectively. You can also use the standard 7 days express shipping which costs about $20. After being shipped, you will also get a password to pick it up in Lagos.
Once the goods get to Lagos, you will pick them up at the Ikeja office of the shipping agent. If you’re not in Lagos, you can always send someone to pick it up for you. Note that you will need to give them the password to collect it.

2. A Platform To Sell The Product

Now that you have gotten the products delivered to you, the next line of action is to sell it quickly. Having good knowledge of online and offline marketing would help you dispose of it quickly and go get another one. I advise you to leverage Jiji, Facebook, Olist and your Whatsapp contact to sell it fast.

In Conclusion

This business is still pretty much new and you don’t have any excuse not to start it. The only thing you need is a smartphone and very little start-up capital. I have personally used this method to buy a Laptop for myself, friends, and Colleagues. If you still need further help on understanding the business very well, or you need the contact of a verified agent, you can call or WhatsApp me on +234 810 185 0909.

A Guide To Starting And Building A Business (Part 3)

Online Business

Kehinde Lawal

-

January 9, 2020

0

A Guide To Starting And Building A Business (Part 3)

Welcome back to Part 3 of frequently asked questions(FAQ) on how to start and build a business. Click here to read Part 1 and Part 2.

FAQ About Starting And Building A Business (Part 3)

• When should I hire people full-time? When you have revenues.

• How long does it take to raise money? In a great business, six months. In a mediocre business: infinity.

• Should I get an office? Not unless you have revenues.

• Should I do market research? Yes, find one customer who definitely, without a doubt, will buy a service from you. Note, I don’t say buy your product because your initial product is always not what the customer wanted.

• Should I pay taxes? No. You should always reinvest your money and operate at a loss.

• Should I pay dividends? See above.

• What should the CEO salary be? No more than two times that of your lowest employee if you are not profitable. This even assumes you are funded. If you are not funded your salary should be zero until your revenues can pay your salary last. The CEO salary is the last expense paid in every business.

• When should I fire employees? When you have less than six months burn in the bank and revenues aren’t growing fast enough.

• When should one have sex with an employee? When you love her and the feeling is mutual.

• When should one fire an employee? When they gossip. When they don’t over-deliver constantly. When they ask for a raise because they think they are making below industry standard. When the talk badly about a client. When they have an attitude.

• When should you give a raise? Rarely.

• How big should the employee option pool be? Fifteen to 20 percent.

• How much do advisers get? One-quarter of one percent. Advisers are useless. Don’t even have an advisory board.

• How much do board members get? Nothing. They should all be investors. If they aren’t an investor, then one-half of one percent

• Should you take the offer to buy your company? Yes. In cash.

• What is the only effective e-mail marketing? Highly targeted e-mail marketing written by professional copywriters and the e-mail list is made up of people who have bought similar services in the past six months. Corollary: If you have zero skills as a copywriter, then everything you write will be boring.

• Should I give stuff for free? Maybe. But don’t expect free customers to turn into paying customers. Your free customers actually hate you and want everything from you for nothing so you better have a different business model.

• Should I have schwag? No.

• Should I go to SXSW? No.

• Should I go to industry parties and meet-ups? No.

• Should I blog? Yes. You must. Blog about everything going wrong in your industry. Blog personal stories that you think will scare away customers. They won’t. Customers will be attracted to your honesty.

• Should I care about margins? No. Care about revenues.

• Should I spin off this unrelated idea into a separate business? No. Make one business great. Throw everything into it. Do DBA (a legal term for “doing business as”) to identify different ideas.

• Should I hire people because I can travel on a seven-hour plane ride with them? Don’t be an idiot. If anything, hire people who are the opposite of you. Otherwise, who will you delegate to?

• When should I say no to a client? When they initially approach you.

• When should I say yes to a client? Every other conversation you ever have with them after that initial no.

• Should I have sex with an employee? Stop asking that.

• Should I negotiate the best terms with a VC? No. Pick the VC you like. Times are going to get tough at some point and you’ll need to be able to have a heart-to-heart with them.

• Should I give employees bonuses for a job well done? No. Give them gifts but not bonuses.

• What should I do at Christmas? Send everyone you know a gift basket.

If by any means you’ve benefited from the post, kindly share it with us in the comment box below 👇.

Good Luck!!!

😍😍😍

A Guide To Starting And Building A Business (Part 2)

Online Business

Kehinde Lawal

-

January 8, 2020

0

A Guide To Starting And Building A Business (Part 2)

Welcome back to the Part 2 of frequently asked questions(FAQ) on how to start and build a business. If you haven’t read part 1, click here to access it.

FAQ About Starting And Building A Business (Part 2)

• What are some telltale signs of an amateur businessperson? Doing any of these things:

Having fights with partners in the first year. Fire them or split before anything gets out of control.
Worrying about dilution.
Trying to get Mark Cuban to invest because “this would be great for the Dallas Mavericks.”
Asking people you barely know to introduce you to Mark Cuban.
Asking people for five minutes of their time. It’s never five minutes so you are establishing yourself as a liar.
Having a PowerPoint that doesn’t show me arbitrage. I need to know that there is a small chance I’ll see a hundred-fold return on my money.
Catch-22: showing people there is a small chance they’ll see a hundred-fold return on their money. The secret of salesmanship is getting through the Catch-22.
Rejecting a cash offer for your company when you have almost no revenues. Hello Friendster and foursquare.

• What are some signs of a professional?

Going from bullshit product to services to software as a service (SaaS) product. (Corollary: the reverse is amateur hour).
Cutting costs every day.
When you have a billion in revenues, stay focused. When you have zero revenues, staying unfocused and coming up with new ideas every day.
Saying no to people who are obvious losers.
Saying yes to any meeting at all with someone who is an obvious winner.
Knowing how to distinguish between winners and losers (you know in your gut, trust me).

Access part 3 here.

If by any means you’ve benefited from the post, kindly share it with us in the comment box below 👇.

Good Luck!!!

😍😍😍

9jaCashFlow

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For instance:

The Nigerian e-Commerce industry

Why e-Commerce is the future of commerce in Nigeria

9 Ways To Start eCommerce Business in Nigeria.

1. Buy products from China and sell them in Nigeria.

2. Buy used gadgets from the United State(US) and sell them in Nigeria

3. Buy brand new gadgets from Amazon and sell it in Nigeria

4. Sell on amazon

5. Become an Amazon Affiliate

6. Sell on Jumia

7. Become a Jumia Affiliate

8. Sell on Konga

9. Become a Konga Affiliate

Conclusion

Always to your financial success,

Kehinde Lawal Founder, 9jacashflow.com

Criteria for buying an asset

1. Passion

2. Profitable

3. Original Documents

4. Payment Option

5. Written Contact

In Conclusion

50 Crypto Trading & Investing Lessons Learned Over The Past 8 Years

96 Crypto And Forex Terms

3 ways to leverage on Naira Devaluation

1. Start earning in dollars.

2. Start Trading Forex or Cryptocurrency online.

3. Start selling products in US Dollars

Conclusion

Can you make money trading Crypto and Forex?

To answer the above question, I need to first take look at your mindset. Are you in it for the short term or long term?

The second thing to look at is consistency

What people won’t tell you about trading 😂

Trading Tips

When should you start trading?

9 Mistakes I Made In My Early Investment Stage

Mistake 1: Not having a well-written and clearly stated goal

So what’s a good goal?

Mistake 2: Not focusing

Mistake 3: Poor position sizing

So what’s the best position sizing technique?

Mistake 4: Poor Trade Management

Mistake 5: Not using Stop Loss

Mistake 6: Not dollar-cost averaging

Mistake 7: Not being realistic or trying to force profit out of the market.

Mistake 8: Not paying your debt or borrowing at high interest to invest

Mistake 9: Patience

Bonus Mistakes: Over leveraging, Overtrading, and Under Capitalization

In Conclusion

How To Start Importing Phones And Laptops From USA

1. A Smartphone:

2. A Platform To Buy The Product

2. A Platform To Sell The Product

In Conclusion

FAQ About Starting And Building A Business (Part 3)

FAQ About Starting And Building A Business (Part 2)

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