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5 Things You Should Do Right Now That The CoronaVirus Panic Is Less

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coronavirus pandemic post by gt igwe chrisent

Now That CoronaVirus Panic Is Less, Here are 5 Things To Do Immediately

Indeed, the world for the first time felt something very scary it wasn’t ready for and every nation went into a serious panic. Millions of people were infected and hundreds of thousands died from the CoronaVirus.

The deadly virus crashed the global market and led the world to a halt with every country going into a more than 40-day sit-at-home exercise. The scenarios below are worth taking note of.

St Peter’s square Vatican during the corona virus outbreak

St Peter’s square Vatican during the coronavirus outbreak

Second Scenario with Grand Mosque Mecca

Grand Mosque Mecca Before CoronaVirus

Grand Mosque Mecca During CoronaVirus

You can aso check out the Satellite view of Mecca as seen on CNBC.

While those who have been exposed to the virus were asked to self-isolate for 14 days, those with positive results of the CoronaVirus test were quarantined and taken to isolation centers/hospitals where they receive treatment.

While there are over 500,000 deaths resulting from Covid-19, there were still so many recoveries from the virus, infact that is over 90% recoveries with data seen on Worldometer.

No need going deep into the origin of the deadly coronavirus as that is not the reason for this topic but one thing for sure from the outbreak: Ít caused panic and created new trends for entrepreneurs’

Related: Top 24 lessons we have learned from the Covid-19 pandemic.

Because of the Corona Virus shutdown exercise, There was a boom in the activities on the internet across many industries.

  1. Ecommerce companies like Amazon and Walmart added over 200,000 jobs amidst the coronavirus outbreak.
  2. The subscription on Digital Cable like Netflix surged.
  3. Boom in Social media activities. 
  4. Video conferencing and web conferencing become a hot deal with companies like Zoom, seeing over 200% increase in its stock value.
  5. Porn: aside from the more 120 million people that visit porn hub everyday, Worldwide traffic to Pornhub went up to 11.6% on March 17th because of the Corona Virus stay-at-home exercise.

In the cause of this article, I will be sharing 5 new things you should do immediately the Corona Virus panic is over.

Because of the effect of the CoronaVirus, there is going to be better attention to virtual life. People and businesses will begin to embrace the internet more. Below are the;

5 Things You Should Do Right Now That The CoronaVirus Panic Is Less

  • Start Saving and Never make it a second Option Again: 

 

Sumotrust savings and investment platform in nigeria

A lot of people were put under financial pressure during the Covid-19 lockdown because they don’t have savings or enough savings. While those who had spare cash stashed somewhere safe like SumoTrust fell on their savings for survival, lots of other people who didn’t have savings got into debts which are bad for their personal finance.. This is a wake-up call to everyone who has not been taking savings seriously as it’s very important to have at least 20-30% of your money saved for the rainy days. A platform like SumoTrust is highly recommended and makes saving money very easy. You can save as little as N100 to as much as N5,000,000 daily into your account for a 10-15% interest for every penny saved.

You earn 10% interest for regular savings and 15% interest for fixed deposits.

 

 

motute online learning marketplace

While most businesses have come to the realization that having an online presence for their businesses is very important, many businesses will come online and they will be looking out for digital skills to hire. It is at this point that learning digital skills is very important. It will not only increase your skillset, it will also position you for more opportunities. 

Even if no company hires you, you can become a freelancer on popular online freelancing platforms or start an online business.

Some of the best skills to learn are Data analysis, Digital marketing, coding, copywriting, emotional intelligence and management, Affiliate marketing, etc.

To Kickstart your digital skill acquisition, Visit Motute and search from the listed courses directory from reputable instructors and get yourself certified with a digital skill today.

  • Move your Business Online:

how to start building material business

While the internet age has evolved a lot over the last 2 decades, there are still a lot of businesses that have not tapped into the potential of having their businesses online. If you run a business and you’ve been doing well traditionally, there’s every indication that you will even perform better when you bring your business online. You might need to speak or book a consulting session with our growth hacking team to get guide and clarity on how to  move your business online: kindly send an email to admin@entorm.com to kickstart your online journey.

  • Start an Online Side Hustle, Become A Freelancer:

Freelance writing jobs in Nigeria

Online freelancing is one of the best ways to make money online without any cost. Firstly, you need to be highly skilled in something that people are willing to pay for online. It is only on this condition that freelancing online will work for you. 

Platforms like Fiverr, Upwork, 99designs, etc will help you kickstart your journey to generating good money on the internet.

If the online freelance marketplaces are pretty competitive and seem not to work fast for you, you might consider putting a good effort into building a reputable personal brand on social media where you will eventually get leads that will become your paying customers to build a sustainable business as a freelancer.

  • Learn How To Sell – Marketing

tips on how to sell products as an expert in Nigeria, sell your products, sell products online, online sales of products, how to market your products, salesperson, become an expert in marketing, how to make sales of your products as an expert, hoe to market digital products as an expert

Everything is about buying and selling. Salespeople are hot on the internet and becoming a salesperson and helping brands grow their revenue will put you in the spotlight.

To become a good salesperson, you must first learn to master the skills of good communication, copywriting, and emotional intelligence. These 3 skills combined together will make you highly valued and brands will keep hunting you for jobs. You can start by checking some of our marketing resources here.

 

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Crowdfacture Could Become The Tesla Of Africa

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Crowdfacture

Yes, Tesla (TSLA) is currently one of the top manufacturing companies in the world right now, yet it is so young compared to other manufacturing brands.

Here is why,

Tesla has managed to use modern technology to scale up and become one of the top companies in the world with over $700 Billion in valuation, making it the highest automobile manufacturer in the world and seconded by Toyota.

Some people call Tesla an overhyped company, but let’s appreciate the fact that Tesla’s competitive advantage comes as a result of its dedicated emphasis on research and development (R&D). In fact, many of its rivals have admitted that Tesla’s electronics far surpass their own—a teardown revealed that its batteries and AI chips are roughly six years ahead of other industry giants such as Toyota and Volkswagen.

On this end, Crowdfacture is an African-focused community-driven manufacturing and distribution company with a focus on food production and processing (even though it is poised to go into other sectors).

While Crowdfacture never made any claims about wanting to become the largest manufacturer in Africa, Let’s also appreciate the fact that this is a company that is first to design and build on this kind of business model around manufacturing where it gives anyone the opportunity to become a co-owner of a manufacturing and processing line for life.

Crowdfacture is not playing into car manufacturing like Tesla but got huge potentials and fast growth toward reaching its goals of helping solve the problems of Nigeria by improving local production and creating jobs for the unemployed Nigerians.

Just like Tesla, Crowdfacture is also leveraging on dedicated research and development (R&D) to launch its production lines across several sectors that is considered very vital and crucial to the economic growth of Nigeria.

The company is also promising to back 3rd party manufacturers to foster the growth of other promising manufacturing companies by dedicated founders/manufacturers.

If all things being equal and core goals delivered, Crowdfacture stands a chance to become a fortune 500 company on or before 2030 with a complex production and distribution chain across the shores of Africa.

I personally believe this will be a highly valuable tech company in Nigeria just like what Flutterwave, Paystack, Sumotrust and the rest have done in the fintech space.

It is time to produce and manufacture locally and cut down on the high import rate.

Join Crowdfacture and become a co-owner of a manufacturing line for life. Enjoy 30% dividend on your investment.

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How To Invest 5 Million Naira In Nigeria 2021 – Top 5 Recommendations

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how to invest money in Nigeria

How To Invest 5 Million Naira Or More In Nigeria 

Indeed, 2020 was really a very dramatic year that affected lots of decisions both personal and business. While many markets have been swinging recklessly, it is very easy to get confused when deciding what investment to make that would maximize profits for you. Here at Entrepreneur Platform, we have put some list having looked at the new trends that are working for investors for your own insight on how to invest 5 Million Naira in Nigeria. 

If you wondering where you can invest 5 Million Naira or what sector to explore, below are our recommendations based on the industries capping:

How To Invest 5 Million And Above in Nigeria

  • Capital market
  • Cryptocurrency Investment
  • Forex Or Stocks Trading
  • Commercial agriculture
  • Venture funding via Angel investment

Discussing the best kind of investment with 5 million Naira can be a tricky one but our carefully selected recommendations are sure to help you know your risk appetite.

We have already made 3 recommendations in our previous article on how to invest 1 million Naira where we mentioned 1 of the best investment companies to invest 500k and above if your money is not up to 5million Naira for investment in Nigeria.

How To Invest 5 Million Naira In Nigeria

  • 1. Capital Market: (Invest with SHIFDA on Sumotrust)

According to Wikipedia, “capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments”.

One of the best capital market investments in Nigeria to make right now if you have 5 Million Naira and above to invest is by investing into SHIFDA, a fixed hedge fund investment offered by Sumotrust. It is secure and has 0 risks on the investor.

Sumotrust Investment has an ROI of 24% per annum with a minimum investment of 500,000 Naira and a maximum of 100 million Naira per individual.

Minimum maturity is 6 months to as much as 10 years.

With 5 Million Naira into Sumotrust SHIFDA, you will be getting 1.2 Million Naira returns per annum. The most interesting part if it is that its a secured investment.

To get started with SHIFDA by Sumotrust; 

  • Kindly visit www.sumotrust.com and create a free savings and investment account.
  • Login to your account and navigate to the ‘SHIFDA Wallet’ tab from the menu section.
  • Read through the details and follow the instructions given to invest.
  • Once your Investment request has been approved, go ahead and create a ‘Fixed Savings’ in your account, you will see a notification about your account qualifying for SHIFDA. Kindly fill-up the form and complete the process.
  • On the maturity date, your capital and interest will be automatically released into your Kick wallet where you can withdraw instantly to your Bank.
  • 2. Invest in Cryptocurrency:

Cryptocurrency investment is known to be the best investment of the last decade as seen on CNN

In 2020 alone, we save Bitcoin tell to as low as $3700 and in 9 months, went up to as high as over $18400, which is over X4 in ROI. 

Investing in cryptocurrency can be tricky and will cause you to lose money if you don’t know the right portfolios to hold.

If you’re just getting started, definitely, Bitcoin is one if not the only cryptocurrency to hold onto until you gain deeper knowledge and understanding of investing in cryptocurrency.

With platforms like Truzact, investing in cryptocurrency in Nigeria will never be a problem for you; as you can easily make Naira deposits using your Naira debit card or the virtual account number given to you and instantly convert it to Bitcoin.

The platform (Truzact) also allows you to save in cryptocurrencies and earn interest on your savings.To start investing into cryptocurrencies in Nigeria, kindly visit www.truzact.com and create an account, fund your wallet and instantly swap it to your favorite cryptocurrency.

  • 3. Invest in Foreign Stocks or Buy Eurobond.

The Nigerian stock market hasn’t performed really well when compared to the foreign stocks for some reasons like inflation against the Naira and other factors. 

However, investors are resorting to putting their money in foreign stocks where they get to bypass the adverse sides of inflation. You can download the InvestBamboo app from Google Playstore or Apple store, fund your account with Naira and buy US stocks directly from the App. 

Understand that the performance of your foreign stock investment is also determined by fundamental and technical analysis just like investing into bitcoin in Nigeria, so you will also need to do your due diligence before making your decision.

Looking at the 5 investment options in Nigeria listed here on how to invest 5 million Naira, Only investing with SHIFDA on Sumotrust promises secure investment and less risk management.

  • 4. Commercial agriculture

The agricultural investment will remain evergreen because people must eat to survive on daily basis. Anything Agriculture that is well-practiced on the commercial scale is sure to give you high ROI. You can go into non-perishable food production like Rice, beans, maize, melon, etc.

With commercial Agricultural investment, you should be on a 40-100% return on investment if properly done.

  • 5. Venture funding Or Angel investment

Venture funding is one business model that a lot of Nigerians aren’t doing for some reasons but I can tell you it’s a very profitable one. 

Venture Funding or Angel Investing is a type of business investment where one gets to invest a certain amount of money into a Business or startup in exchange for equity in the business. Both profit and losses are shared in Angel investment, meaning that you lose money when the business goes bad and you also make money based on the percentage of the business that belongs to you if the business goes well. 

The difference between Venture funding and Angel investing is that Venture funding lets companies invest in a startup for equity ownership while Angel investing lets you invest in a startup or business as a person. Venture funding is on a company level while Angel Investing is on a personal level. 

You can learn more about Venture capitalism here and Angel Investing here on Investopedia.

So now you have 5 Million Naira to invest in Nigeria but don’t want a secure investment of 24% via SHIFDA on Sumotrust and want something more flexible that lets you enjoy even better return, you can easily bet on a promising startup you trust based on stats and other judging metrics. 

There are lots of amazing startups in Nigeria with good prospects seeking funding to scale up, you can bet on one of them with your money and expect huge returns.

Check out our list of top 10 startups to look out for in 2021.

Still have the question of ‘where to invest my money in Nigeria’? Kindly check out the list of top investment opportunities in Nigeria.

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Entrepreneurs

3 Reasons Why Being Broke Will Make You A Better Entrepreneur In 2020

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becoming a better entrepreneur

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