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Problems Encountered by Nigerian Entrepreneur and Possible Solutions

How Technology Has Revolutionized Money-Making in Africa

by The Editor
February 18, 2021
in African Business Credits
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There isn’t a subject that pursuits me greater than the subject of earning profits and narrowing it down even additional there isn’t a particular topic within the means of earning profits that jazzes me greater than the usage of broadly accessible expertise. And I’m not speaking hi-tech right here. I simply imply easy expertise just like the mobile phone, e-mail and stuff like that.

Why does this curiosity me a lot? As a result of I consider there are enormous alternatives to make tons of money from enterprise for many who make use of expertise to do issues that have been beforehand unimaginable to do. This text explains all that in quite simple language and I really offer you sensible experiences from my very personal life.

I began out within the very low tech primary conventional enterprise of printing. I used to make some superb money printing letter heads, enterprise playing cards and so forth for numerous shoppers massive and small. Then computer systems got here and turned the entire trade the other way up. The pc made the workplace paperless and thus in want of a lot much less stationary. Purchasers who required 5000 letterheads now device 500 for the entire 12 months and simply communicated utilizing e-mail and even sms messages. To make issues worse computer systems and cell telephones invaded the market at about the identical time that simple accessible loans got here so virtually everyone who acquired a mortgage in Nairobi purchased a printing press. The outcome was that we ended up having too many printing machines round at a time when the marketplace for printing jobs was shrinking quickly. To chop a protracted story quick I acquired into severe monetary issues and I used to be auctioned and misplaced all my furnishings and electronics in the home and every thing within the workplace (together with sarcastically a pc I hadn’t even completed paying for).

Then at some point an previous good friend organized for me to get a fairly profitable printing job from a consumer in South Sudan. He consumer despatched me the art work from Juba as an attachment to an e-mail. After which he wired me the money. Once I was carried out with the job I took it to Wilson Airport the place it was flown out. I ended up with some fairly good cash that gave me a little bit respite from the appreciable monetary stress I used to be going by means of on the time. I sat down and reviewed the position of expertise in enabling me to serve a consumer who was so distant with out leaving Nairobi. I requested myself questions like “May I get extra shoppers in South Sudan whereas I used to be in Nairobi? That means I’d not be slowed down by the crowded and but shrinking marketplace for offset printing in Nairobi.

My thoughts rapidly zeroed in on expertise as a device to assist me make cash in an more and more hostile enterprise atmosphere. I’ve by no means regarded again since.

To chop to the chase I ended up getting an excellent job in Dar-es-salaam Tanzania the place I’m at present based mostly. Once I went there for the primary time I used to be naïve and I believed I’d hit that under-developed market with every kind of services and products and turn out to be a millionaire in a single day. However alas, it was by no means to be. I used to be rapidly introduced again to actuality when even my Tanzanian employers bumped into severe issues attempting to get me a piece allow to work in that nation.

To be sincere I misplaced fairly a bit of cash trusting locals to behave as my entrance as I attempted every kind of companies which failed one after the opposite. My spouse acquired actually upset about my continued “investments” into money draining failures and identified that the money I had misplaced would have been sufficient to purchase an enormous prime plot in Athi River or Kitengela. It actually angered me when she mentioned this. Particularly as a result of it was true.

Then it dawned on me that I didn’t have to battle within the Tanzanian market which I did not know very effectively after I might use expertise to do enterprise in Kenya whereas I used to be nonetheless employed in Tanzania. It was not clean crusing to what I’ve right this moment however lastly I acquired to setup one thing that works like a allure.

I’ve two companies that do extraordinarily effectively. I promote vehicles in Nairobi and Mombasa as a intermediary. I promote my vehicles utilizing the noticeboards at Sarit Centre in Nairobi and one other one at Nakumatt in Mombasa. I do my color poster for the vehicles on my PC at dwelling after which I used to print out the posters and bodily ship them by way of Akamba bus from Dar all the best way to Nairobi and Mombasa the place they’d be picked up and put up on the respective discover boards for me to start out receiving enquiries. The entire train would price me about 4,000 bob. However today expertise has made it even simpler and less expensive. I take advantage of a brand new weblog web site the place I rent someone in Nairobi and one other in Mombasa to obtain my posters as a pdf attachment of their e-mail. They then print them out and put them up at Sarit Centre and Nakumatt Nyali respectively. I pay them solely Kshs 100 shillings every for this straightforward errand. I do that by means of the location which implies that they do not get paid till they’ve completed the duty efficiently. I normally ship them the money by way of Mpesa to the innovatively easy web site. I take advantage of this man in Dar who travels with buses each different day to Mombasa and again and I give him the money in Tanzania shillings and he deposits Mpesa in Kenya shillings and sends the money to the recipient when he’s in Kenya. To substantiate that the work is finished, I merely name a good friend in Westlands and ask him to go for lunch at Sarit Centre and test in the event that they see my poster. I do an analogous factor with the Mombasa poster. I might simply use the identical web site to rent someone else at 100 bob to go and test and ensure that the posters have been out up, however I suppose I wish to save 100. The mobile phone marketed is my private one (which works in Tanzania) When shoppers name I inform them as a lot as I can concerning the automotive after which direct them the place to view it. I work with about 3 totally different main automotive importers in Mombasa. Once they purchase the automotive the sellers merely deposit the funds in my KCB (Kenya Business Checking account) and I can then entry the funds by way of an ATM in Dar-es-salaam. Every time my contacts get new vehicles in Mombasa they publish them to their web sites and I merely obtain them from there and create my gross sales poster. Easy however it works.

I nonetheless have my very effectively paying job and on the similar time my aspect enterprise brings in a median of Kshs 500, 000 each month.

You get the drift? Now you already know why I’m so concerned about discussing expertise and methods to use it to make cash by means of a small easy enterprise. Do not forget that you are able to do just about any form of enterprise because the absentee proprietor as a result of expertise now permits you “to be there” with out really bodily being there.

Sit down right this moment and try to work out methods to use expertise to make cash.

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Source by Coach Lusweti

Tags: AfricaMoneyMakingRevolutionizedTechnology

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