How You Can Make Millions By Podcasting

New podcasters always ask the same question before they take the plunge: “How much money can podcasters make?” They want to know what the reward will be before they invest their time and energy growing a podcast audience.

So how much money can podcasters make? To be frank, most make $0. In fact, many podcasts have negative cash flow because they spend money buying equipment and paying hosting fees before they earn a single dollar.

Creative work like podcasting doesn’t make any money until people choose to watch you. It takes time for listeners to decide you have value. So if you’re looking to start a podcast because you need a paycheck this week, you should find another way to earn income.

But if you put in the work to make amazing content, publish new episodes consistently, and engage your audience, you’ll eventually build a show that rakes in money each episode. There are lots of people who make very comfortable livings working just working on their podcasts a few hours each day.

In this article, we’ll explain how podcasts make money, we’ll review how the highest earning podcasters earn their incomes, and then we’ll talk about what the average podcaster makes.

Just want the highlights? Check out this quick video for the best takeaways.

How Do Podcasts Make Money? 

There are actually a lot of ways to monetize a podcast. The most successful podcasts use several monetization strategies so there’s money coming in from a lot of different places.

Why should you diversify your revenue? 

For safety. Imagine if all your revenue comes from publishing your podcast on YouTube, but then one day YouTube bans your channel. You would lose everything! So it’s best to create multiple revenue streams.

We dive into all the ways your podcast can make money in our article on podcast monetization, but here we’ll go over the top four methods: Sponsorships, direct support including premium content, affiliate sales, and complementary products.

How To Earn Millions From Amazon Every Month?

Whether it’s about adding an income source or the only income source post the Covid-19 pandemic, one of the best ways to earn money online these days is to make money with Amazon. Given that Amazon is the top e-commerce retailer in the USA recording a net sales figure of around 386 billion dollars in 2020, it’s a golden opportunity for those who want to become an eCommerce seller and earn money from Amazon. This post highlights how to earn money from Amazon by selling and even without selling:

Register for Amazon FBA

Once you enroll with FBA or Fulfilment by Amazon, it’s Amazon’s responsibility for the warehousing (storage, picking, packing), shipping, returns, or refunds of your products. However, to start selling with FBA you must find a product (e.g., from Alibaba), make improvements, and label it with your private brand. Sign up for Amazon seller central and submit your product information. Ship your products to Amazon and their fulfillment center shall take care of the distribution. As customers buy your product from Amazon, the delivery will be fulfilled by Amazon.

Leverage Retail Arbitrage

If you are a complete novice in this category, the best way to start earning money from Amazon would be to make use of retail arbitrage and save on the outraging shipping costs. As heavy as the name may sound, it’s a simple process where you simply buy stocks (look for discounted products) from a local retailer and sell them on Amazon with your mark-up for a profit.

Use Online Arbitrage

Same as in the case of retail arbitrage, you purchase inventory straight from the online stores or from a site like eBay for cheap, and list them on Amazon and make profits.

Publish Books Using Kindle

Those with writing skills can kick off their book publishing dreams using the Amazon Kindle Direct Publishing service. KDP is a great way to publish digital books within 24 to 48 hours and that’s available on Kindle worldwide. In return, you get the freedom to set your prices, earn royalties up to 70 percent on sales, modify content, and more.

Sell Bulk Products

Amazon Business is a B2B marketplace that allows you to sell products wholesale. It’s a blessing in disguise for business customers as they benefit from special prices while they shop from Amazon. With over 55 fortune 100 companies listed with Amazon and exclusive business features like requests for quotes or the option to showcase your certifications is what makes it is a great way to start as a wholesaler.

Sell Handcrafted Goods

Those with a penchant for craft can join the seller list from over 80 countries with Amazon Handmade. Given there’s a high demand for these goods, it makes a great platform for selling your handmade products at a good margin.

Sell Through Affiliate Marketing

Selling through affiliate marketing is hands down one of the most popular and proven methods to date. Simply sign up with Amazon Associates and start promoting other people's products on Amazon using the affiliate links they provide. However, you must have a website or a blog where you must create a sales copy for that product, for example, if you have signed up for promoting a mobile phone, you may create a product review content with a link (affiliate link) to that product. You can then earn anywhere between 3 to 5 percent of the conversion rates.

Work from Home as Amazon Customer Service Rep

With around 650,000 employees across the world, Amazon is soon to become the next big employer. This is the right time to join the ever-growing Amazon customer service team and work from the comfort of your home. The customer service team is spread across 130 locations across the world and supports 16 languages.

Sell Using Merch by Amazon

If you are adept in designing coffee mugs and t-shirts, have a bunch of ideas but are short of resources, capitalize on merch by Amazon. Upload your design, pick a color and the product type, and your product page is created. It’s as simple as that. Thereon, sit back and relax as the production, shipping, and customer service is Amazon’s responsibility.

Sign up for Mechanical Turk (MTurk) Program

Mechanical Turk (MTurk) by Amazon serves a dual purpose. While the main purpose is to help individuals and businesses to outsource tasks and processes (data entry, data validation, research, etc.) to a virtual workforce, it also benefits those looking to earn through microtasks by joining the program and earn anywhere between 0.10 and 1 dollar for each task. The more tasks you complete, the more you earn.

Amazon Influencer

If you already have a substantial social following, being an Amazon Influencer can help you rake in some good money through commissions earned by promoting products on your Facebook, Twitter, or Instagram page and even through your YouTube channel.

Take surveys, write reviews, create webinars, participate in forums, sell used products or professional services, create private brands, or be a drop shipper, Amazon has something for everyone looking to earn money from home. So, while you shop for your favorite products from Amazon, don’t miss the boat of making some good money from Amazon.

NFT: Everything You Need To Know About NFT

Non Fungible Tokens (NFT) 

There has been a growing interest in NFTs in the digital space, a lot of buzzes have been generated and many people are going into minting of tokens. Millions of dollars exchanged hands in the sales of NFTs.

You may get confused and wonder if the NFT trend is a fad or if people are just wasting their money and time. This article breaks down the concept of NFTs.

What is NFT?

NFT simply means Non Fungible tokens. The non-fungible part means unique and non-replaceable. No swapping like for like. They are tokens because they are digital and are protected by blockchain technology, just like cryptocurrencies.

You can sell a digital image as an NFT, the same way you would sell a physical painting. When you sell NFTS, you are the owner of the ‘original’ version, and the NFT artist continues to benefit every time the NFT is resold.

Many digital artists have sold their digital arts with this technology.

 

Because they are “non-fungible”, they are different from other blockchain tokens, such as Ethereum, which are fungible. This characteristic is why NFTS are the perfect model for dealing with digital art and other valuables in the online space.

This uniqueness is why NFTS cannot be exchanged for similar tokens that are equivalent. So, while 1 bitcoin can be swapped for 1 bitcoin, NFTs cannot be swapped because of their unique nature and also because they don’t have similar values. 

This also implies that NFTS can’t be used in business transactions as an exchange standard because none of any two NFTs is alike. The worth of each NFT depends largely on the perception of it by the world and the level of demand for it. 

What is the origin of NFT?

The earliest example of NFTs on the internet is the platform, milliondollarhomepage.com by Alex Tew from 2005. However, it was not based on a blockchain but had attributes of NFTs. The website offered different pixels totaling 1 million in number for sale. 

Then came the advent of coloured coins in the year 2012. This utilized the blockchain of bitcoin. However, it didn’t make much of an impact because the system it was based on was not built to handle substantial NFT features. In 2014, Counterparty came up to fill the gap. 

Counterparty gave the framework for Initial Coin Offerings (ICOs), memes, and trading cards to operate. At this time, Ethereum rose in popularity and things gradually shifted to its ecosystem. CryptoKitties emerged in 2017 in the Ethereum ecosystem. Using a blockchain to adopt and raise a digital cat became appealing to the world.

What is a token?

A token can be referred to as a digitalized asset that people can own and transfer to other people. The blockchain secures tokens in a cryptographic system, issuing private keys that are the property of the token owner. 

Every token has a public address that is used to identify it. The owner possesses the private keys and uses them to perform some predetermined functions. For example, money can be received at the public address of a bitcoin wallet that everyone can see but you can only use the money in the wallet using the private keys. 

All kinds of information are contained in a token including, images, music files, rights to real estate, motor vehicles, clothing, and other physical properties. 

Tokens are designed for many purposes. There are payment tokens, utility tokens, security tokens, etc. 

A token can be created on the blockchain by following established protocols. Examples include the simple Ledger protocol or Ethereum’s ERC-20, -721, or -1155 standards.

Fungible Tokens compared to Non-fungible Tokens

Tokens are classified into two major classes: 

(i). Fungible 

(ii). Non-fungible.

We refer to Fungibility as the ability of an asset or tangible item to be interchanged with an identical item. Paper money for instance is fungible because one can borrow N1000 from a friend and repay with two N500 notes. Once can also repay with another N1000 note that is not the same one that you borrowed.

The value represented by each note is what is important and not the note itself. 

Non-fungibility is a uniqueness that cannot be copied or duplicated. There can only be one Lionel Messi, for example. Your ATM card is just yours. You can’t find another card with the same name, same number, and same expiry date.

Whereas you can change a N1000 note into N200 notes in five places, your Atm card is not exchangeable because of its non-fungible quality.

What makes NFTs scarce?

The scarcity of NFT is criticized by some people as being artificially induced, however, it is understandable that a non-fungible item is very likely to be scarce. For example, it is possible for a digital painting that is tokenized to be duplicated many times over. So, while the token might be unique and single, the idea behind it can still be duplicated.

The question arises: What is the use for this? Is it not an unwise decision to own an item that is not truly yours?

A simple answer is that it depends. When you buy a token, it becomes yours but the representation of the token is what matters. 

The prices of Non-fungible tokens are going up because more people these days are spending most of their time online and in digital environments. The perception of this increased exposure should lead to an increased demand which drives prices higher.

A second reason is that digital assets can be easily transferred. So, just like one would buy gold, artworks, or real estate to store their wealth, an investor in the same vein can also buy NFTs to store his wealth, and in the future sell them to get his money back.

The demand for NFTs is increasing with their popularity owing to the fact that there is only one version of each token. However this hype is only a thing of the mind, and therefore, anyone who is investing big money on NFTs is simply speculating.

NFTs and copyright

Intellectual property is very important. By law, the original owner of any work is the creator of that work until they transfer that right to another person.

However, you must note that the copyright for a digital work might be included or might not be included in the token. So, if an artist sells an image token to you without the copyright, he or she can still duplicate the same picture several times over and still make them into tokens as well.

If the copyrights to digital art or music are sold to you as an NFT, you can earn royalties from your investment over the years and get tangible returns.

NFTs enabling real estate in the digital space

Real estates in the digital space are now lucrative. Digitally created worlds like Decentraland are putting up plots for sale. But what would anyone gain from buying digital land?

 

This again is because of thinking that there are going to be more human interactions on the internet. As the demand for land in Decentraland surges, the prices of its plots will also increase. MANA is the official currency of Decentraland, thus the need for it will increase.

This implies that just as people buy physical real estate because of speculation, hoping for a price increase, they do the same thing when buying digital real estate.

What are the benefits of NFTs?

Authenticity:  Being based on blockchain technology gives it credibility.

Ownership rights – Transactions are visible to the public and everyone can know the owner

Secure transfer of ownership: This is a result of the framework of blockchain technology.

Ownership of copyright:  You can include the copyright of the work into the blockchain.

What are the uses of NFTs?

NFTs are being deployed in various industries and sectors. The ever-expanding uses cases are felt in the following:

Digital Art: The successful reality of the creation of tokens from digital fine art, animations, etc.

Gaming:  You can find in-game fashion accessories, real estate, and other products being sold

IRO music use – Musicians can now sell their music rights using NFTS. IRO means Initial Rights Offering. 

Assets:  NFTs are sold as assets.

Sports memorabilia: NFTs are now being used by sports fans to demonstrate their support and loyalty to their various teams. 

Notable NFT projects

Cryptokitties: These are real-life cats growing on the blockchain.

MoonCatRescue: Another cat game on the blockchain.

CryptoKicks – This is patent sportswear owned by Nike.

Decentraland:  A digital world with lands owned by users.

NBA Top Shot: This gives you ownership of the best moments in basketball.

FEWOCiOUS x RTFKT sneakers: This product netted $3.1 million in 7 minutes

Beeple’s every day – At Christie’s, this raked in $69 million.

Conclusion

Non-Fungible Tokens thrive on desire, speculation, and value. NFTs are valuable as they offer many benefits. As the trend progresses, more speculators will hop in and prices will only keep going up. You can ape in today and acquire NFts that will bring immense value to your portfolio in the short and long term.

Best Banks In Nigeria For Personal And Business Banking For 2022

A bank is a financial institution licensed by a regulating body to receive deposits and lend surplus money to borrowers, and upon demand, pay the depositor. A bank allows the depositor to open an account, make a withdrawal, pay third parties, and use a debit or credit card, among other services. Banks have different products and services like personal and business banking products for their customers. Personal banking is another name for domestic or retail banking, which involves the bank dealing with you directly or personally. While for Corporate or business banking, the bank deals with a corporate body or an incorporated company.

 

In Nigeria, most of the banks offer a mix of these services, and if you own a small business, your concern is how to get a loan quickly. But for the regular saver, you want a secure bank. The Nigeria Deposit Insurance Corporation secures your deposit of up to N500,000 in all commercial banks in Nigeria in case CBN closes any of them. To help you filter the best out of the number of banks, we will list ten of the best banks in Nigeria for personal and business banking to enable you to make an informed choice. Let us start with some examples of both services.

What are examples of personal banking?

Examples of personal banking are savings account, certificate of deposit, credit, and debit cards, financing a car or a house, and remitting foreign currency. There is also private banking service (for high net worth individuals), insurance, stock brokerage, and wealth management, which the bank will sell to you using its subsidiary company. Extra service includes online banking.

What are the examples of business banking?

Corporate banking or business banking services include Loans and advances, treasury services, equipment leasing, trade finance, and small-medium enterprises (S.M.E.) loans, online banking, P.O.S., and more.

After showing you some examples of personal and business banking, let us go straight to the list and examine the best banks right away.

 

The best banks in Nigeria

Here are the best banks in Nigeria for personal and business banking:

1. Guaranty Trust Bank Plc

Guaranty Trust Bank Plc (GTBank) is a limited liability company incorporated to carry on the banking business in 1990 and began operating in February 1991. The bank listed its stocks in the Nigerian stock exchange in September 1996.

Through the years, due to sound management, its asset base is now more than 3 trillion naira. The bank has a subsidiary office in the United Kingdom and branches in some African countries like Ghana and Uganda.

GTBank offers excellent personal and business banking to customers using its professional staff. GTbank’s personal banking service includes opening savings and current accounts, nonresident Nigerian service, and private banking, online banking, and A.T.M and P.O.S.

While the business banking gives you access to a GT business account, corporate and commercial banking, S.M.E. and loans and advances, and more.

2. First Bank of Nigeria 

First bank is one of the best banks in Nigeria for personal and business banking. Here is why. First bank of Nigeria is true to its brand name and is genuinely the first when it comes to personal banking services.

The bank, which started in 1894, now has close to 900 branches in Nigeria, across ten African countries and the U.K.  First bank has nearly ten thousand employees, and its revenues have continued to grow.

To prove how much the bank has been able to serve its personal banking clients, the bank won “The Asian Banker International Excellence” award for the best personal banking brand five times in a row.

Its personal banking solutions include loans and mortgage, bank cards, payment solutions, online banking and A.T.M and P.O.S and diaspora banking, money transfer, and fixed deposit.

Also, the bank serves its corporate banking customers well, and its loan portfolio continues to increase just like its deposit base. Rest assured that First bank will give you the best of both services.  Its business banking products include Account, S.M.E. connect, loans, e-solutions, payment solutions, Agric financing, and mortgages.

3. Zenith Bank P.L.C.

Zenith Bank P.L.C. is a leading Conglomerate and provides financial services across the globe using cutting edge technology and leads while the other banks follow.

The bank was launched in May 1990 and started operating in July of the same year with a commercial bank license.

In 2014, it transformed into a Public liability company (P.L.C). Also, to meet demands for its services, it has 500 branches in Nigeria and subsidiary offices in the U.K, Ghana, South Africa, and more.

Zenith offers numerous customers customized banking services, which include S.M.E. banking, Personal banking, and Corporate banking, investment and loans, bank account, asset management solutions, Online banking, A.T.M, and P.O.S.No wonder it is now among the largest banks in Africa. Its head office is at Zenith Heights, Plot 83, Ajose Adeogun Street, Victoria Island, Lagos, Lagos State, Nigeria.

4. Stanbic I.B.T.C. Bank

I.B.T.C. chattered bank started in 1989 and merged with Stanbic Bank Group in 2007. It is now a part of the Standard Bank Group with the Head office in Johannesburg, South Africa.

The bank provides excellent banking services in well over 180 branches locally with 560 Physical ATMs. Its professional staff is up to 3,000 and keeps increasing to match up with your demand for excellent services.

Its foreign remittances service is top-notch. If you are Nigerian living abroad, you may open a nonresident Nigerian bank account with the bank as the cost of transactions is low, and it is easy to monitor your account from anywhere you live abroad.

The bank’s personal and business banking service is first class, with an unbeatable range of services that include financial advisory services, loans, savings, investments, debit and credit cards, mortgages, pensions, and Stockbroking. Its Head Office is The I.B.T.C Place Walter Carrington Crescent Victoria Island Lagos.

5. Standard Chartered Bank Nigeria

Another one of the best banks in Nigeria for personal and business banking is Standard Chartered Bank, Nigeria. Its head office is in London, and its branches worldwide are about 1,200. The bank boasts of over 150 years of banking experience.

Standard Chartered Bank Nigeria started operating on 15 September 1999 and has 22 branches with A.T.M’s and more than 900 employees as of 2013.

The Bank in Nigeria provides one of the best business banking services with an efficient, secure, and easy to use free online banking platform, plus a fair exchange rate service.

That said, its retail banking services are equally responsive to the demands of the customers. Its products include personal banking, priority banking, and business accounts for its retail clients.

While its corporate and institutional services include transaction banking, priority banking, and small and medium enterprises(S.M.E.). Its local head office is at 142 Ahmadu Bello Way, Victoria Island, Lagos.

6. Sterling Bank Plc

When this bank began in 1960, it was Nigeria’s first Investment bank called Nigeria Acceptances Limited (N.A.L.).

Sterling Bank became a complete commercial bank when N.A.L. merged with four other banks in the 2006 bank consolidation era. With that merger, Sterling bank was born and ready to improve stakeholders’ value.

Sterling bank has repositioned itself to deliver both personal banking and business banking services plus some extra banking services. Its products include private banking and wealth management, agent banking, commercial agriculture credit scheme, loans to the telecom, power, and steel sectors.

The bank now has up to 179 branches, 847 ATM’s and 7853 point of sale (P.O.S.) terminals as of 2018.  Its head office is at Sterling Towers, 20 Marina, Lagos, Lagos State, Nigeria.

7. United Bank For Africa Plc (U.B.A.)

One more bank in this list of the best banks in Nigeria for personal and business banking is U.B.A. This bank started in 1949, and they trade the stock in the Nigeria Stock Exchange. Like its peers, it has undergone a lot of transformation carried out by Tony Elumelu. In 2005, he merged U.B.A. with Standard Trust Bank before his tenure as M.D. ended. As a result, the bank is a lot nimbler than the former conservative company.

 

U.B.A. is ready to serve stakeholders and to create an enterprise that will continue to advance strategically and be ahead of other banks in all the services it offers to customers in its branches in 22 African countries.

Its core services are corporate banking and personal banking that include S.M.E. banking and internet banking, money transfer, treasury, trade and savings, current account, P.O.S., A.T.M., and online banking, and more.

The bank’s core values have these three words execution, enterprise, and excellence driving its goal of dominance in the banking sector, and has strategically positioned its subsidiary offices in New York, UK, and France. Its headquarters is U.B.A. House, 57 Marina, Lagos, Lagos State, Nigeria.

8. Fidelity Bank

Fidelity Bank P.L.C. started in 1988 as a Merchant bank and rebranded into a commercial bank in 1999. It is known for serving startups and has several awards as S.M.E. Friendly Bank, the Most Improved Corporate/Investment Bank, and the Best in Mobile.

It came 4th place as the best retail bank in a survey carried out in 2001 by K.P.M.G. to find out how satisfied customers are about their service providers.

Fidelity bank as of 2017 has 240 branches in Nigeria that includes digital offices with 775 ATM’s and 4346 POS’s.

The bank provides customized products for different customers, corporate banking, S.M.E. banking, private banking, and online banking. Others include mortgages, loans, credit cards, savings, and current accounts and Investments.

Its head office is at Fidelity Place, 2 Kofo Abayomi St, Victoria Island, Lagos, Nigeria.

9. Union Bank of Nigeria

The bank started in 1917, and they trade its stocks on the Nigerian stock exchange. Union bank is one of the old generation banks, and like its peers is rebranding its services to become alive to its logo of a galloping Stallion.

That is why it is part of this best banks in Nigeria for personal and business banking. As of 2016, it had 320 branches and two fully-owned subsidiaries in the United Kingdom. The bank offers products that target high net worth individuals and S.M.E’s.

Its banking products include savings account and current accounts fixed deposits accounts, mortgages, auto loans, personal loans, bill payments, and debit cards.

The bank’s business banking product includes credit and advances, trade finance, account and cash management solutions, union one and union 360, and local trade, Agric business solutions, and more.

Additional services include Online Banking, Mobile Banking, Debit Cards, A.T.M’s, and P.O.S. Systems. Its head office is at 36 Marina, Lagos Island, Lagos State, Nigeria.

10. Ecobank Nigeria P.L.C.

Ecobank Nigeria is a part of the Ecobank Group. The bank started operations in 1989 to provide financial solutions to enhance its clients’ growth. Ecobank Nigeria is a commercial bank with branches of up to 610 all over the country as of 2011.

It offers personal banking and business banking that includes retail, wholesale banking, treasury, and financial institutions and capital markets and investment banking to its diverse customers. Other personal bank services include Ecobank online internet banking, A.T.M’s, and P.O.S.

The stocks of Ecobank Nigeria is listed on the Nigerian stock market. Its head office is at Plot 21, Ahmadu Bello Way, Victoria Island, Lagos.

Whereas, the parent company Ecobank Group was formed in 1985 to serve the citizens of West Africa. Its headquarters is in Togo employs over 10,000 staff.

The Ecobank Group has a network of over 1,300 branches in 36 countries such as Benin, Kenya, South Africa, including offices in other parts of the world like Dubai, Paris, and London.

11. First City Monument Bank (F.C.M.B.)

F.C.M.B is the last bank in this compilation of the best banks in Nigeria for personal and business banking. This bank, which was initially called First City Merchant Bank and launched in 1982,  evolved from City Securities Limited that began in 1977.  In 2001, it became First City Monument Bank and obtained a universal banking license.

F.C.M.B. has roughly 5.1 million customers and 206 branches in Nigeria. It owns  a subsidiary bank in the United Kingdom through F.C.M.B. Bank (U.K.) Limited. The bank aims to become the best financial services group of African origin.

F.C.M.B. offers personal banking products, business banking solutions, and other corporate products for its customers.

Its numerous financial services include micro-lending, asset management, stock-broking, trusteeship, and custodial services, foreign exchange, personal banking, corporate and commercial banking, investment banking, A.T.M’s, P.O.S., and online banking.

Other products it offers clients are commercial, public sector, financial institutions, small and medium-scale enterprises, trade and liquidity management solutions to businesses, and more. The bank’s headquarters is at Primrose Tower, 17A Tinubu Street, Lagos, Nigeria.

Conclusion

In this post, you have a list of the best banks in Nigeria for personal and business banking. We gave you their product so you can make up your mind on the one you like best. If you think their products are alike, you are right, but each bank is unique in the way it delivers similar services.

Tell us the bank that you would choose for personal banking and why and do the same for business banking.

List Of Banks In Nigeria And Their Details

If you are a Nigerian who is industrious and trying to make money online or offline, one of your biggest resources will be a bank. A bank helps you keep your funds, transfer your funds, and more. It is very important to know your bank and all its contact information. That is why we are compiling a list of all the banks in Nigeria and their contacts.

There are about 21 commercial banks in Nigeria. At a point, there were up to 89 until the consolidation of the banking industry.

The Central bank of Nigeria (CBN) is the highest monetary authourity in Nigeria. The CBN has oversight over the banking industry in Nigeria. Over the years, the CBN has carried out many reforms, one of them being the recapitalization of the banking industry in 2005.

It is safe to bank in all the banks in Nigeria. The Nigeria Deposit Insurance Corporation (NDIC) was created in 1988 to protect depositors and guarantee payment of insured funds in the event of failure of insured institutions.

That means even if the banks collapsed, your money should be safe.

 

Important details you should know about your bank

There are important details that you should know about the banks in Nigeria, especially the one that you are banking with. These details will help make your life easier.

First, it is very important to know the name of your bank. I mean, where do you start from if you do not know the legal name of the bank that you are banking with? It is important and in this article we will help you.

You should also know the website of your bank. This will always come in handy. Because through the website of your bank, you can access internet banking, you can access forms and majority of the information that you may need to make your banking life easier.

Also the customer care number of your bank is very important. There are times things may go wrong and you need to speak with your bank. You may have enquiry to make, knowing your bank’s customer care will help you a lot.

Find the list of banks in Nigeria with their website and phone number below.

Name Website Phone number

Access Bank Plc accessbankplc.com +23412802500

Citibank Nigeria Limited citigroup.com +23412798400

Diamond Bank Plc diamondbank.com +23414489830

Ecobank Nigeria Plc ecobank.com +2347005000000

Fidelity Bank Plc fidelitybank.ng +2349030005252

First Bank Of Nigeria LTD firstbanknigeria.com +2347080625000

First City Monument Bank Plc fcmb.com +23412798800

Guaranty Trust Bank Plc gtbank.com +23414480000

Heritage Banking Company LTD hbng.com +23412369000

Keystone Bank Limited keystonebankng +23470020003000

Polaris Bank Limited polarisbanklimited.com +2348069880000

Providus Bank Limited providusbank.com +23470077684387

Stanbic IBTC Bank Ltd stanbicibtcbank.com +23414222222

Standard Chartered Bank Nigeria Ltd sc.com/ng +23427046114

Sterling Bank Plc sterlingbankng.com +234144844815

SunTrust Bank Nigeria Limited suntrustng.com +2349087331440

Union Bank of Nigeria Plc unionbankng.com +23412716816

United Bank For Africa Plc ubagroup.com +23412808822

Unity Bank Plc unitybankng.com +2347080666000

Wema Bank Plc wemabank.com +2348039003700

Zenith Bank Plc zenithbank.com +234-1-2787000

20 Business Ideas That Can Generate Millions Monthly

Are you looking for business ideas to help you make extra income? Then we have you covered. There are valid reasons you should consider developing extra income channels. If you are working and you have spare time each day, then we have you convened in this article. If you have your weekend off and want to be productive then we have you covered with business ideas too. Or maybe you have extra money you want to put into use and make more money, keep reading.

Here are the top business ideas to make extra income.

BAKERY BUSINESS

It very eases to bake bread and cakes in a small area. You require a small amount of capital to start this business. You may decide to either bake at home or sell to the neighbours for a start  or get a small kiosk in the market or in town where you can sell. If you opt to start in a kiosk you must first seek permission from the relevant authorities and go through certain procedures to obtain a license for the business. If you are busy, you can tire someone to handle it for you.

CARWASH SERVICES

These days many people have their own cars and the demand for the services is high in every place, therefore, starting this kind of business will bring in a large profit. You should set up this kind of business at a bus terminal as many cars visit these areas.

FOOD JOINTS

You may also consider setting up this kind of business in your area and pricing the food a bit cheaper than others so as to attract more customers. This business will surely thrive as people cannot do work on a hungry stomach. The foods should be tasteful and of different variety to meet every customer need.

DRIVER

Drivers really earn a lot of money per day due to the increased number of people traveling every day to and from work. This acts a motivation to them as work will always be at the peak. If you have a car, you can register and do Uber at your free time or off days from work to multiply your income. If you want to take it further, you can put many cars in Uber and get drivers to drive. That is like having your own company and earning good!

FOOD DELIVERY

People have become lazy these days and companies have opted to hire people who could deliver foods to their customers to their homes. Approach food companies and stores, offer to help them deliver food. Get a motorbike and hire people or drive yourself.

HANDYMAN SERVICE

Manpower is required everywhere now in every specialization. Most people are needed in companies as delivery boys, to work in sites, to work as a typist and many other services.

GMAIL EXTENTION

You may decide to extend a business’s Gmail. This is helpful as the company’s feedback is provided, products advertised and the market is promoted.

WEDDING ORGANISER

This is among the easiest to start as many people these days don’t go to professionals as they charge highly. Therefore, people go to local but outstanding personnel to plan their weddings. To top it up, it is difficult for a wedding to be planned without a wedding planner.

BLOGGING

Creating a blog is another method one can use to generate income. Companies need to keep their customers and prospective customers up to date cannot do that without a platform. This job is therefore left to other persons who are paid highly for their services. If you are a novie in blogging, then make sure you read our guide: How to create a blog in less than 20 minutes

MEMBERSHIP WEBSITE

Once you discover you are passionate and knowledgeable at a particular subject, it is advisable to start a website as many people visit it to collect the information they need for that particular subject.

CREATING A COURSE

If you know any industry or business, you can easily create and sell on an online course that educates you on skillful ways of advertising and promoting the market. Read: How to make money creating and selling online course

CONTENT TRANSLATION

This refers to the translating of a company’s website, article, and documents for a pay. It requires one to have full knowledge of different and many languages.

LIFE COACHING

You can use your past experience or that of others to provide advice that will be useful to people and also ways of solving problems in the future or now.

FARMER MARKET

In these days, people have ventured greatly in farming activities and this can be an idea for you whereby you sell farm equipment and advice to these farmers.

EVENT ORGANISER

Organizing events such as birthdays, parties and other functions earn a lot because events are run several times with different people.

HEALTHY DRINKS

People these days are made aware of health drinks and are rare to find hence this will attract many people.

FLOWER SHOP

Love is mostly expressed by flowers and many people and therefore starting this business will have a large profit margin. Do you know how many people buy flowers? Just walk around premium residential areas and you will be amazed! that is a business opportunity! Especially if you offer your buyers after-sales-service.

PERSONAL TRAINER

You may decide to become a trainer of what you are passionate about or anything you have knowledge of for example being a gym trainer. So many people are becoming conscious of their health and well being.

INTERNET INFLUENCER

Being an internet fame can be an added advantage to many people as they may use their followers and viewers as the market for their products by advertising their products online.

FREELANCE WRITING

Majority of people have opted to start an online business of writing as one earns a lot within a few hours. One needs only to create an account and follow simple instructions given.

6 eCommerce Business Strategies to Learn from Leading eCommerce Tycoons

The majority of the global customer base today is shopping online. Retail eCommerce sales grew 27.6% worldwide to be worth $4.28 trillion in 2020. eCommerce business is undoubtedly a vast domain where there is always something new to learn. With that in mind, taking a look at the journey and eCommerce business strategies of some of the biggest eCommerce business tycoons is one of the best ways to imbibe valuable lessons. 

While every company undergoes a learning curve in running an online store, some of these tycoons have walked the treacherous path and built the best eCommerce companies in the world. These strategies can help you weather any kind of storm in this fast-growing industry.

1. Customer Obsession – Jeff Bezos (Amazon)

Amazon has dominated the eCommerce business landscape for quite a while now. The success of this eCommerce giant boils down to establishing and adhering to core values since inception. Jeff Bezos launched the company in 1995, intending to be Earth’s most customer-centric company — a principle that the brand has followed rigorously to date.

The result?

Amazon maintains a consistent 90% customer retention rate through tailor-made user experiences. Bezos obsesses over satisfying his customers beyond the textbook definition. You can use this strategy by putting the complete focus on your customers and building backwards. One such way is to be inventive about the benefits and products that you offer to your customers. 

2. Prioritize Company Culture – Tony Hsieh (Zappos)

Hsieh built a strong brand over a long period. He focused on establishing the right culture throughout the journey, which emphasized always hiring the right people. During the hiring process, the company goes to great lengths to ensure that the candidates are the right fit not just by their qualifications but also culturally. 

It is that simple. Hsieh figured out that people;

Don’t like the feeling that they have lost control, 

Need assurance that they are making progress, 

Love strong social ties, and 

Are motivated by the vision of being a part of something bigger than themselves.

Economists also observe that companies with happy employees earn 1.2 to 1.7% and more than their peer firms. Keeping these factors in mind makes Zappos a happy place with happy employees that inevitably translates to happy customers.

3. Tackle Problems as They Arise – Brent Bellm (BigCommerce)

According to Bellm, leadership in the eCommerce business realm is all about solving problems on the go. This includes pursuing opportunities when you see them. You should refrain from admiring, tolerating, or ignoring the issues at hand. Instead, face them head-on by leading with a driven problem-solving approach.

Similarly, you should take advantage of the opportunities and eCommerce business strategies. Set ambitious yet realistic goals like elevating sales, efficient merchant acquisition, and timely order fulfilment. A target-driven approach sets your eCommerce company for success. Bellm believes you see actual accomplishments when you hit the goal or get as close to it as humanly possible.

4. Humanize eCommerce – Hiroshi “Mickey” Mikitani (Rakuten)

Rakuten has grown exponentially since its initial years. Mickey, the founder of Rakuten, attributes this success to the personalized approach of the brand. Rakuten integrates people’s need for connection, even if it is through computer screens, for a rich shopping experience. The principle is that you should focus on delivering high-quality customer service and hospitality for a personalized approach.

Mickey wanted to create a baaar-like experience, where the small shop owners could curate their merchandise and interact with their customers. Rakuten works on a hybrid approach by combining humans plus algorithms to drive recommendations. As a result, customers are met with a pleasant experience when they liaise with the merchant for humanized recommendations.

5. Be Picky and Patient – Josh Silverman (Etsy)

This pertains to the merger and acquisition strategies followed by Etsy. Josh joined Etsy as CEO in 2017 and worked relentlessly to pace up the Gross Merchandise Value (GMV) and recover from the ballooning expenses. He built a house of brands by acquiring niche marketplaces that can add millions of GMV annually.

The acquisition strategies brought in vertical and geographic expansion in their portfolios. With DePop, the company taps into the Gen Z demographic, and Reverb assures a top spot in the trade of musical instruments. What’s more, Etsy acquired a Brazilian brand for handmade products, Elo7, furthering its geographical prowess. The takeaway is simply choosing the right online marketplace niches can make or break your eCommerce business.

6. Think Big and Never Give Up –  Jack Ma (Alibaba)

This list can not end without including this legend. Jack Ma is a cornucopia of lessons, be it the eCommerce business arena or life in general. Ma personifies the idea of hard work and quickly demonstrates the real-life outcomes of perseverance.

His early days were filled with challenges which he overcame by integrating experimentation and determination. His vision, even then, was to make Alibaba the number one eCommerce platform in the world. He secured huge investments and carried out the transformation of Alibaba’s IPO.

More importantly, Ma did not limit himself to Alibaba. He established Yunfeng Capital in 2010, which invested in several different sectors and industries. He imparted his guidance, wisdom, and ideas to push various companies in the right direction. You should insist on scaling your business online as eCommerce has a long way to go, and you can make the most of it. 

 

Summing Up

The leading eCommerce tycoons have paved the way for you. The bottom line of any business is to deliver results that satisfy the customers.

While there are many ways to go about it, some of the lessons to learn in eCommerce tycoons include: customizing user experience, teaching a winning company culture, finding solutions to obstacles, expanding tactfully, and above all, consistently being persistent.

It is time for budding eCommerce companies to take their efforts a notch to leverage the market opportunities. An intelligent approach would include strategically planning the growth of your online store and making minor changes to implement these ideas. Consistently testing and making positive changes can offer highly effective outcomes over time.