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How to Start Advertising Business In Nigeria

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What does it takes to start advertising business in Nigeria today? For me, it takes a careful understanding of how advertising business in Nigeria works. This starts with you the would-be Chief Executive Officer (CEO) of the company having a sound understanding of the workings of this business in and out.

Sound knowledge of the technicalities involved in advertising business in Nigeria, the cost, how to raise a team and their portfolios, how to get clients, etc. is a MUST if you must do well in this business.

One good way to acquire these skills is to become an intern at a functional and long-established advertising business in Nigeria. This would equip you with the nitty-gritty of this business; it will help you to understand the nature of this business, the pitfalls to avoid, and how to overcome these pitfalls if your agency falls into them accidentally.

Yes, you need this knowledge even if you choose to hire someone to manage this business for you. It is always important that you understand any business that you want to do very well before venturing into it.

But wait! I almost missed the most important point here. Did I explain what advertising is? No. Sorry. Let me explain.

So, What Is Advertising? What Does Staring A Successful Advertising Business in Nigeria Entail?

Advertising means communicating to people in the language that they understand. It is the science and art of speaking to reflect or reconfigure the mind of the target audience to accept what you are offering them.

To achieve this, you need to reach them at their level of understanding and advertise to them in tandem with their culture. This means that from idea conceptualization to production and then release of an advert, you must be clear in your message, keep it engaging, and entertaining. These will help you to achieve grand success in this business.

Advertising is more of psychology than philosophy. This is because advertising influences or changes the perception of the target audience to buy or subscribe to what you are offering. That is why you create the awareness in the first place –to sell an item or an idea to the public. Hence, it is very important that you properly understand your target market before setting out to advertiser create an advertising business.

To understand the business sense and ethics of advertising business, proper training is a must and this is what I mentioned earlier when I talked about going for internship. What follows this is a proper market research on Nigerian advertisement industry so that you understand the rules, the ethics and what sells here.

Steps to start advertising business in Nigeria

Steps to start advertising business in Nigeria

Steps To Start An advertising business In Nigeria

Acquire A Business Name For Your advertising business And Get It Registered

Acquiring a business name that resonates with your agency’s goals is important. This step is the first you have to take in the process of establishing your own advertising business. The name should clearly show your purpose and people should be able to figure out the services you offer with asking little or no questions.

After figuring out your business name, you have to get it registered. This business name must include Board of Directors one of which has to be an Advertising Practitioners Council of Nigeria (APCON) certified member.

The Advertising Practitioners Council of Nigeria (APCON) was established by the Advertising Practitioners Act No. 55 of 1988, as amended by Act No. 93 of 1992 and Act No. 116 of 1993 (now Advertising Practitioners Registration Act Cap A7 of 2004).

In a case where you already have a business name, you would still be able to add a new member with APCON certificate as a board of director, this step is very essential in approving your application through the registered government agency.

If you do not have this certification, it should not be seen as a setback owing to the fact that there are other ways to bypass this situation. What you need to do is explained below:

Get enrolled to get your diploma certifaction while you seek out an individual that already possess this certification, formally include him/her as a board of direction in the shares of the company. This solves your problem.

Have Suitable Budget For the Business

Capital is very essential for the success of any business. Although for startups, getting capital to start might seem to be a herculean task. Small ad agency can be a low-cost start-up since you primarily offer services rather than final products. But you would most likely need to get loans or investments. You can turn to two choices when faced with this challenge.

Banks – You file for a loan in the bank for a few months to a few years which will cover the cost of startup and even keep you running for the mean time.

Private Investors – There are people out there who want to make an investment in a business that looks promising. They can be friends, family or even other business owners. You should draw up a contract that clearly defines if they are just providing a loan or they are buying into the company. This will prevent problems in future.

Also getting freelance copywriters, graphic designers will help you reduce the overhead cost even further. As your business grows, you can get some in-house employees to offer you primary services.

Get the Essential Advertising Business Materials

We live in a technological world where almost any business needs to have an online presence. This is why you need to build a standard website for your business.

You should include your contact information on the website and also keep it updated. Hiring a professional to help with this task is your best bet, he would be in charge the hosting and maintenance of the site regularly.

You will need to get the following done, before starting your advertising business.

  • Gather media kits that list advertising rates, demographics and specs.
  • Make yourself known to sales representatives at the media outlets you plan to use regularly
  • Put together a portfolio of past work you have done in advertising, if you have been in the industry, this will be your selling point to your potential clients.

Here is a list other technological gadget you should consider getting:

  1. Computers
  2. Digital cameras
  3. Office Telephone
  4. Photo Scanners
  5. Printers

Other things you need include your company’s business card, stationery, tax certificate, high-speed internet service etc.

Business Management and Specialization

Management should encompass setting and policing of revenue and profit targets while also paying attention to the operational coordination skills which will drive the establishment to success

The advertising industry has a broad spectrum and you should be clear from the start where you want to specialize in. Specialization will make you more focused and thereby making your goals easier to accomplish. Here are some types of advertising:

  • Broadcasting
  • Outdoor
  • Print media
  • Online

Draw up A Business Plan For Your Ad Agency

This is one of the essentials for your business, you will need to make short- and long-term plans. This will assist you in securing loans and investment, it will also help you see a clear path that your business should follow.

You can pay someone to write a business plan for you, there are a couple of writers online willing to do this and should not cost much.

You can also consider writing it yourself, watching a couple of videos on how to do it or getting a template should do the trick.

Your business plan should include:

  • Executive summary
  • A clear description of your business
  • Profitability projections
  • Operations plan
  • Financial Plan
  • Market Analysis
  • Market demand
  • Competition analysis.

Join Advertising Industry Trade Associations

There are many Advertising Agencies in Nigeria most of which have been in the business for decades before yours. So, being a part of an association, or belonging to an Advertising Industry Trade Union holds its perks.

It allows you to be constantly involved in what is going on in the industry, with the association holding regular meetings and seminars to keep you up to date. It will also create an avenue where you can brainstorm with like minded people and get new ideas on how to run your own agency.

Source Clients For Your Advertising Business

Having set up all the essentials for your ad agency, you need clients to stay in business. This requires employing certain strategies that will help you attract the right kind of audience to your agency. Start by creating a list of business you want to work with.

You should make sure your website is well groomed and presents a good online presence for your brand. Create some social media pages to further extend your brand awareness and make people interested in what you do.

Make sure you include your contact details on your posts so people will be able to reach you easily.

Advertising mediums can also serve as a means to advertise your own agency. Running targeted ads will help you gather the right amount of audience that would be interested in what you offer.

It is essential for you to have a database of your prospective and existing clients. This will make it easier for you to send out quick advertising campaigns.

You should also make sure you keep adding new clients contact details to your data base. There are a bunch of online tools that can help you with this task.

Market The Business, Especially On The Internet!

We live in an internet age. Even though it is quite essential to have a physical office, not having an online presence for your business can set you at a really great disadvantage. With the internet boasting of over 4.6 billion members, on the internet especially the social media is where your business must be. Becoming a virtual online agency can be done in two ways;

The first involves having a web presence where you control the clients account and offer them superb customer service and account management.

Another way is to set up your website in such a way that enables the clients to be able to build their own ad campaigns. They would have the flexibility of choosing the media format, frequency and even the budget. After this is done, you can now start managing the account on their behalf. However, this second method involves a lot of website programming and database management.

Conclusion

Starting and growing an advertising business in Nigeria is one that is more than just good concepts and ideas. This is because of a lot of complexities it involved. Meaning you really need a certain level of experience before you can perform well in this industry.

It is good to start small, choosing to specialize in a part of advertising which is very lucrative but many has seemed to ignore. An example is the digital advertising arm.

Regularly updating yourself with what is going on in the advertising industry will keep you in the game. Subscribe to trade publications that are targeted towards ad agencies. Attend conferences and seminars in advertising and related fields, this will give you opportunity to expand your network and see new trends in the industry.

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Ekemini Ekpo is a professional writer, blogger, and internet marketer. He is passionate about engineering, business, investment, entrepreneurship, finance, and personal development. When he is not managing web projects, he handles academic research writing and data analysis for individuals and organizations.

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The Correlation Between Advertising And Consumer Behaviour

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The Correlation Between Advertising And Consumer Behaviour is our major point of focus today.

Advertising is simply marketing a business, an idea, good or service using a visual or audio medium. It is a means of communicating with consumers and potential users of a product to influence their perception of a particular brand and product.

There are several channels through which advertising may be done. This includes the following:

  1. Direct selling
  2. Endorsements
  3. Flyers
  4. Hoarding
  5. Internet
  6. Magazines publications
  7. Newspaper publications
  8. Posters
  9. Radio press
  10. Social media
  11. Television

Advertising is presently done on every facet of the media: social media, internet, magazines and newspaper publications, television, radio press, hoarding, direct selling, posters, flyers, endorsements and many others.

The advertising industry is not a stand-alone sector. It consists of several sister and inter-related components which include but not limited to the following:

  1. People who create adverts
  2. People who carry and distributes the adverts
  3. Visualizers
  4. Editors
  5. Researchers
  6. Brand managers
  7. Creative designers
  8. Content creators

All these components work in relations or synchrony to each other to ensure that the products and services being broadcasted or advertised get the utmost coverage and/or publicity they deserve.

The Correlation Between Advertising And Consumer Behaviour

The Correlation Between Advertising And Consumer Behaviour

What is Consumer Behaviour?

Consumer behaviour is a study of how consumers select and purchase products and services for their satisfaction. Consumer behaviour also studies the various reasons consumers purchase a particular product. It is also an analysis that seeks to explain why consumers act in a way towards a product or service.

Advertising is essential for every business, irrespective of the size because advertisement influences the consumers in various ways. Consumer behaviour changes from one individual to another. Marketers study consumer behaviour because the consumer plays a vital role in the market. Products are services depend on the consumer.

Consumer behaviour takes a look at how customers react to different kinds of products and services at different times, under given circumstances. To properly investigate the behaviour of consumers of the products or services, it is needful to understudy customers products and services selection and purchase patterns as well as their wants and needs satisfaction systems. An understanding of consumer behaviour will reveal the motives behind peoples’ purchasing patterns and lifestyle in the marketplace

Knowing consumer behaviour will, therefore, help the marketer in building a theory of assumptions which regulates consumers choice of certain products and services and the impact which these have on the marketplace and the world at large.

Consumer behaviour, therefore, is carried out towards the success of any brand because results derived from the study will help in the adaptation and adoption of meaningful advertisements styles and methods which will be favourable to the consumer and to the marketer.

it is, however, important to note that consumer behaviour is individualistic in nature as two persons may not have the exact kind of behavioural response toward certain products or services. However, to effectively direct the advertisement efforts, based on consumer behaviour the cumulative of overall consumer behaviour is taken into cognizance. As such, there might be no meaningful success if consumer behaviour is relegated to the background as per advertisement efforts.

Factors Affecting Consumer Behaviour

Personal Factors

Several personal factors affect consumer behavioural pattern and this include:

  1. Age
  2. Culture
  3. Health
  4. Income level
  5. Level of exposure or awareness and sometimes;
  6. Preferences
  7. Religious beliefs

Psychological Factors

Aside from the personal factors highlighted above, psychological factors also constitute a significant component in driving customers buying interest. Some of these include:

  1. Attitude and perception towards a product
  2. Motives behind the purchase of a product

Situational factors

Situational factors also direct consumers’ buying patterns of behaviour. This includes time and surrounding at the time of product purchase and other factors not named here.

Relationship Between Advertising and Consumer’s Behaviour

Every popular brand is expected to have invested a certain percentage of its earnings on advertisement so as to ensure a continued interest in the brand by consumers.

The major aim of advertising is to impact consumer behaviour by influencing their awareness and buying behaviour and attitude in either a positive or negative way. Reason being that the perception of quality, awareness of a product and consumer opinion is the driving force behind the decision making for purchase.

Adverts are the main driving forces behind decision making by consumers on the purchase of products. It is also a basic source of creating awareness and shaping the perceptions of the customer.

Impacts of Advertising on Consumer Behaviour

These impacts include:

  1. The use of various techniques in advertising to provide detailed and relevant information about a product or service which can influence the consumers buying decisions.
  2. Advertising also employs user experience that is exciting, captivating and fulfilling. This gives the consumer a perception that products are unique and specially designed to improve quality of life. This is an effective technique that is mostly used by growing small businesses who cannot afford to hire advertising agencies.
  3. Advertisements have been seen to extend beyond influencing the need and perception of consumers to a total change in the needs of the consumer through detailed information provided which influences their decision making on products to buy.
  4. Advertisements make use of a variety of factors to captivate the consumer, these include custom and religion.
  5. Advertisements influence consumer behaviour because it helps to increase their knowledge of certain products and services through detailed facts. This, in turn, helps the consumer in decision making on the choice of products.

Conclusion

Advertising can be effective in two ways, either positively or negatively. Some adverts have endeared consumers to the brand while some have alienated consumers.

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How to Start Link Building Business in 2021

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One of the key aspects of digital business is marketing to gain visibility on the Internet. Although this may be achieved using paid advertisement, getting ranked high on search engines like Google search engine is just an amazing feat to attain because of the long-term benefits that come with it. To achieve this, a website or blog must do efficient link building. Google’s algorithm strongly favours websites that are linked to other websites, they’re ranked higher.

What Is Link Building?

Link building is a digital marketing strategy which entails linking other websites to a client’s websites and also being linked to other websites. Getting high quality links in or to your website can increase your organic traffic. It is essential that a digital marketer, blogger, website owner and anyone at all who makes some income on the web pays attention to link building to grow in 2021.

Doubtless, it can really get difficult to successfully build links that generate traffic and revenue. However, the skill of link building can be learnt and turned into a lucrative business. Properly learnt, Link building one can build links that increases one’s success in the digital marketing sphere and also bring good returns on clients’ investments.

Link Building Business in 2021

Link building helps anyone who owns or manages an online platform to rank his/her online asset on the web easily. It is important to focus on building quality links that give value to consumers on the internet. Find the steps to start link building business in 2021 in this article.

The Steps To Start Link Building Business In 2021

If you want to start link building business in 2021 and profit from it, kindly follow the guidelines below.

1) Source for Relevant Topics in Your Industry.

You must constantly explore topics that are highly relevant to your consumers. Get to know the real pains of your consumers and create content that offer real solutions to their pains. You can conduct research to find out the relevant aspects of your niche that will continuously several your audience. You can also observe the trending patterns of discussion in your niche, then create content on it.

Your content can take the format of:

A) Informative guidelines: This will require you to dig deeper and create content that provide in-depth information useful to the consumers. You should give expert information on the topics you write on.

B) Tutorials: You can establish your blog as an authority on issues people face. Provide content that help them learn new things, do old things in new ways, and execute an action more effectively.

C) Tips: People always appreciate new ways of doing things; give them tips on how to improve their performances. Write out top tips in your niche to your audience.

2) Provide 5 Star Rated Content

At the end of the day the success of a digital marketer is greatly influenced by the quality of content found on his website page. A high quality page will result in higher monetary conversion.

One of the SEO ranking factors that determine web assets rankings is quality content. The information you dish out should always be expertly researched, factual and informative. Properly define your target audience, identify their pressing queries, create content that give them solutions.

3) Incorporate Multiple Media Formats

You must incorporate media formats such as videos and pictures to make your web page appealing to your audience. Only having textual content will give your page monotonous look and will quickly bore your visitors. To capture and sustain attention on your webpage, incorporate texts, graphics and info graphics in your webpage.

4) Provide Original Content

You can find new angles to existing problems simply by researching: using surveys and even observations. Through thorough research, you can discover new content ideas that will help you create original content. Asking for feedback from your readers can help you unearth original content.

5) Write Testimonials

You can write Testimonials of your experience with a product or service, and insert a link to your domain. Sending a testimonial to a brand is an important link building strategy that can earn you a back link to your website.

6) Do Cold outreach

You should constantly be reaching out to backlink sources to publish your hyperlink in their content. This should be done with appealing copywriting tactics. People are already being spammed by cold emails every day. So, take care to draft marketing offers that will persuade your backlink sources include your hyperlink in their webpage. Only reach out to websites that we perceived as experts in your niche. Always remember to follow up with your request, yet without coming off as a nuisance.

7) Give Value in Guest Posts:

When invited to publish on another blog, understand the audience of that blog and tailor your post accordingly. You should commit to delivering top notch information that is original and not just rehash of content. It goes without saying do not repeat content found on your website.

Ensure your writing is consistent with the publishing guidelines of your backlink source to guarantee your post being published. Also be wary of the number of links you use. Don’t litter the whole article with links, ensure the links are used in the right context.

8) Leverage Link Round Ups

The language link round ups understand is “high quality content”. Link round ups are compilation of the best content in a niche. It is one the most powerful ways of building links in 2021. Always publish quality content that can be featured in websites that publish link round ups. To clinch link round ups you must publish quality content on a regular basis. Find out websites in your niche that post link round ups.

Conclusion

In this age, people stay glued to their mobile devices more often. They’re constantly seeking how to improve their lives and live the best life they can. People are plagued by myriads of problems in life and they desire solutions to these problems.

Thankfully, most of life’s challenges today can be solved online with websites, blogs, video hosting channels, podcast hosting platforms, etc. Having an online platform that caters to the problems of the people is awesome, but the real task is in making people who need solutions to their problems know how to get it.

While you can deploy paid advertisement and other modes of information dissemination, link building has a better comparative long-term advantage of maximum returns on one-time investment. Starting link building business in 2021 can greatly help you and other business owners to increase returns on investment with a small investment capital.

Efficiently and professionally done link building strategies can bring a business high visibility on the internet and higher rankings on search engines. Consistently producing quality, well-linked content can earn you a spot in link round ups. Hence, be obsessed about giving a lot of value in all your content and challenge yourself to always create original and expertly researched content.

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4 Twitter Marketing Strategies to Boost Your Business in Nigeria.

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The world has since moved past using Social media to create personal connections and bring people together. Today, businesses can leverage the large customer base offered by social media platforms like twitter to grow their businesses revenue exponentially. Twitter marketing is a prime strategy which any business can and should deploy today at a moderate cost. By marketing on Twitter and by deploying time-tested and proven Twitter marketing strategies, you can grow interactions with a worldwide audience directly who can become your customers almost immediately.

With twitter marketing, you can create a devoted fan base to which you can sell your products any time you wish. All you need is the right information on how to get started and how to sustain effective twitter marketing strategies for maximum returns on your investment in the long-run. That is why I put up this simplified guide on 4 twitter marketing strategies to boost your business here in Nigeria.

Twitter marketing strategies

One of the salient twitter marketing strategies is to efficiently engage your fans with interactive tweets in an enticing manner. You can do this by posing a challenge, offering a contest, or mentioning other recognized brands in your tweets. Since at least one user of twitter follows at least five other brands, there is the likelihood that users will see your tweets mentions as they browse through other brand’s feeds.

Indeed, Twitter is an amazing and powerful social media marketing tool which you should deploy for your business today. If you are interested in improving your online reach and presence, invest in Twitter marketing today. This guide explains step-by-step how you can accomplish this easily.

Steps to boost your Business in Nigeria Using 4 Top Twitter Marketing Strategies.

1) Building Relationships and Engage Influencers:

It is true that money reside in people’s pockets, but to get it from them you must become someone they like or work with people they like and trust. Engaging with influencers on Twitter can help you reach a wider audience that trusts you and/or your business. You can pull off massive sales by working with Twitter influencers in your niche. To find influencers in your niche, use “Twitter Search” or “follower wonk” to find experts and influencers in your industry.

Alternatively, you can use a marketing and automation tool like Audiense to discover influencers in your niche. To start, search a keyword in your industry; you’ll find Twitter handles pop up in order of number of followers. From this, you can decide on the influencers you wish to contact to help you with your twitter marketing. Engaging Twitter influencers can give your business more visibility and unprecedented town around within a short time.

2)   Revamp Your Twitter Page

Revamping your Twitter page has a lot to do with your content. To gain trust and visibility, you need a top notch content creation game plan. You must consistently create compelling and engaging contents on your business. The keyword here is “consistency”. Another keyword is “compelling” and the last keyword is “engaging contents”. To boost your business marketing using twitter, endure or endeavor to structure contents that invoke conversations and keep you in the minds of your audience.

3) Use Hashtags Professionally

Including relevant hashtags in your tweets is an important marketing strategy you must engage in. Use the right hashtags for your niche. You can adopt a hashtag that is unique to your brand. Use Hashtags to join trending conversations in your niche and ask your followers to retweet including your hashtags in their tweets.

4)  Run Twitter Ad Campaigns

Twitter ads are well-targeted to ensure that individuals and businesses reach their desired audiences at the best ad rate. With ads you can easily reach Twitter users (who could be) interested in your offer and convert them to customers within an idea time range.

Twitter Ads help advertisers reach targeted audiences by defining specific demographic audiences according their age, location, gender, and technology. To have an effective Twitter Ad campaign, ensure that you create a hypnotic and compelling offer with a clear call to action.

Conclusion

The Twitter marketing strategies I discussed here have been proven to boost sales and scale businesses over the years. It is important to engage influencers, create engaging content, use relevant hashtags, and targeted Twitter Ad campaign to grow your business on Twitter. It is possible to be in the league of entrepreneurs monetizing Twitter if you apply these Twitter marketing strategies to your business marketing plan going forward.

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