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Sumotrust Savings And Investment Platform In Nigeria: The Story Behind Sumotrust

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Sumotrust Savings And Investment Platform In Nigeria: The Story Behind Sumotrust

We all love good stories. Damn, I love good stories. It was no joke that I was the best student in Literature in my time and amongst my set in one school like that. Well, technically speaking, I was the best. But I don’t know how to tell stories; I just love reading them, placing myself in the setting, and creating a mental picture of how I want it to end.

I was there when Julius Caesar was murdered; I was there when Macbeth Murdered sleep; when Okonkwo hanged himself and when so many things you know about today happened. Remember, I’m a magician, I could travel through time.

Despite all this knowledge, I still don’t know how to tell stories but I’m a magician, an artist, and a businessman. Stay with me and I will show you the wonders of ideas, the place of critical thinking, and the need to use these to create a better life for yourself.

There is this saying that greater than the force of a mighty army is an idea whose time has come. This story is about an idea whose time has come; an idea which will take Nigeria by storm, an idea capable of creating many millionaires.

This story is about Sumotrust savings and investment platform. Have you heard of that? Probably. The adverts are everywhere. But like the bible said, some will see and will not understand. Well, I’m here to make sure that as you see, you understand.

Before my story, I want to tell you about Sumotrust savings and investment platform. Don’t worry, it is just a diversion. The real sauce is my story. Wait for it. Don’t go anywhere.

sumobank savings and investment platform

What Is Sumotrust Savings And Investment Platform

I promise not to make this too Techy after all, sumotrust savings and investment platform was built on the foundation of easy access. If not, we would have done cryptocurrency. But today is not about that.

At every point in our lives, we have always heard of the need to save. I have done a couple of articles on why you should save. You can check this one out.

Sumobank savings and investment platform is a Finetech platform that allows you to save without stress and promises better interest rates than the normal banks. Imagine the possibility of saving your money from the comfort of your home and at the frequency you want it. Doesn’t it look great?

Sumotrust also offers you access to the biggest online business academy in Nigeria.  It is only possible because of the partnership it has with the Entrepreneur Platform. Now you won’t have to pay the price for using this academy. Trust me, it always comes at a high price. For the opportunity to work with seasoned and successful entrepreneurs in every field, I did pay anything.

Related: Sumobank frequently asked questions

Sumobank is an online platform that allows you to make financial transactions without having to resort to traditional banking institutions. There are three types of savings in Sumobank. The essence of having the three is to ensure that at least one works for you. They are as follows;

  • Autosave:

This is actually my best feature. It saves me the stress of having to log in to my account every day to deposit money. It just debits me every day by 10 am.

Autosave allows you to save money without stress. All you need to do is set your account and the frequency of the withdrawal. The minimum for daily savings is 100 naira, weekly saving is 1,000 naira while monthly savings minimum is 5,000 naira.

Once your card is connected, you can pick the one you like. It is that simple.

  • Instant save

Instant save allows you to save whenever you like. If you cannot control the frequency of your earnings, this is a better option. The only difference is that you will manually log in to your account whenever you want to pay in money and make the deposits that you want.

You can deposit any amount you want at any time.

For autosave and instant save features, sumotrust savings, and investment platform offers 10% interest. That has to mean something. Again, you are given three free withdrawal days in a year. If you withdraw on any date that is not a free withdrawal date, you will be charged 4.5% of the amount you are withdrawing.

  • Fixed saving

If you have funds you can lock away for a year, this is the option you should use. You know why? I will tell you.

Fixed saving gives you a whopping 15% interest rate. That is huge. If you lock away 1 million naira, you would have made 150,000 naira in a year. That is amazing.

Don’t forget that you will still be charged 4.5% of your money if you withdraw before the withdrawal dates.

Well, that is enough about sumotrust and how to actually use it. Let us get back to the story and trust me; you will read this again if you get the story right. Unfortunately, I’m not a storyteller, just a magician. Let us see how much magic we can do today. Stay with me.

Related: Learn to save, never be embarrassed again because you are broke

sumobank savings and investment platform

The Story of Sumobank

The CEO of sumobank, GT Igwe Chrisent told the story of sumotrust on his birthday and official alpha release cum launching date of sumotrust. It was captivating. For those who love stories, you can read it here.

But today, it is a different kind of story that I want to tell. A story of survival, perseverance, and success in the midst of uncertainties.

It was in 2011, I had just finished burying my dad and gotten admission to study political science at the University of Nigeria, Nsukka. For those who know me personally, I do not have that classic background that allows you to make mistakes and be forgiven. I was born with a rubber spoon and I have known hard times. Every opportunity was viewed as golden and it is a capital crime to misuse opportunities.

So I got into the university with a different purpose; everything was dependent on the outcome of my studies. I was foolish but in my foolishness, I learned wisdom. This is not a story of my days in school. You will have to get my autobiography to view that.

One of the best decisions I made as a student was to discern between people that offered the right way out and the people that could drag me down. I avoided certain kinds of people. I was viewed as a Jew man and I loved it. When people underrate me, I excel.

When we graduated, one of my course mates told me he could vow that I never drank alcohol as a student and I never had sex. I was that low key. If only he knew how dangerously discreet I was as a student. Only earthmen can explain.

Now, as a student, I kept in touch with the CEO of sumotrust. I could travel to Abakaliki and spend some days in my sister’s house just to get the opportunity to work some things out with him. I knew he was someone I could bank on for success.

Fast forward to 2017, we were done with service, and the nibbling thought of what next would have kept me restless if we had not believed that the only way forward was entrepreneurship. We started the Entrepreneur Platform and the rest is no news to the public.

Remember, this story is about telling how ideas could make you become better than you were. Ideas rule the world. Entrepreneur Platform (entorm.com) has undergone two metamorphoses. It has gone from being a blog to becoming a major business hub in Nigeria.

We had just come up with the idea of building Maxibu. The plan was already in place but we needed funds. Cryptocurrency was meant to solve that problem but it didn’t. We needed a way out. Damn, that GT guy is filled with ideas. I’m happy to be part of the execution of these ideas.

We needed money to execute projects, we had to raise it. Going to investors was not part of the deal. Sumotrust came as a solution to that. If people are finding it difficult to save, why not help them out. Why not make a difference in the financial education of the Nigerian people. Why not become the reason people become less dependent on the government. And here we are.

Sumobank is fully Functional and if you don’t save, you will hear stories of the successes recorded by people that saved. The choice is actually yours. But if I were you, I would save. Winter is coming bro.

We are all players in this world. Which part would you like to play? Would you want to be in the spectators’ stand or would you be in the ring? This is sumotrust, it is for financial warriors. Are you one? I’m watching you.

What next?

You just have to get an account with sumotrust today. It is as simple as that. Get up, get an account, and start saving.

To create a free sumotrust account, click on the link below and start the process.

Register here

You will also need to connect your card and start saving after registering. You can be guided by this link in connecting your card.

The platform has an active support system which means that you can always reach out to them for guidance. I can also personally guide you on how to go through the process. All you need to is call or chat me up on 07032096140.

Oh! I left something out. I left the best for the last. Check it out.

Sumotrust Affiliate Program

You can make money from sumotrust from getting people to register with the platform. It is quite simple. Sumobank pays 600 per successful referral. By successful referral, the person you are referring has to save at least 7500. This is doable.

So, when you register with the link above, go to the affiliate program and copy your link. Market the link and get people to register with the link and you will make money. Someone withdrew 40k early this month. You can do better.

Good luck

 

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Ossi Samuel is a mafian thinker, an avid reader and writer, and political analyst. Am a humanitarian and fun loving person. I love Tech by the way and will always have your time if you have any ideas. I can be reached on Facebook

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Business

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

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Dredging has to do with the mechanical excavation of sand, gravel, mud and other substances from the bottom of a water body such as a river, stream, creek, lagoon etc. to do that, you need a vessel known as a dredger.

The need for more buildings and other physical structures has made the market for dredging in Nigeria to become a much sought-after one. Of course, there will always be the need to build or construct. So, dredging never dies.

Aside from the construction of new buildings or roads, etc., dredging products such as sand, gravel, rocks, and pebbles are also used to reclaim swampy areas and for the production of construction materials.

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

Basic Steps And Requirements For Starting A Dredging Business In Nigeria

How Does Dredging Work?

Some dredgers are water-powered, and these cuts and sucks up the dredged material, like sand, from the bottom of the waterway by a method which involves a stepping stool that is mounted on the cutter head passing the material via a suction pipe and this sucked via a suction pump via a drifting pipeline up to the shore. When it arrives on the shore, at the dump, is it moved using tipper to the sub-dump where it is piled up, ready for sale or use.

Opportunities Available in dredging commercial enterprise

There are plenty options in the dredging business. Let’s look at some of them below:

1) Dredging:

  1. Channelization of river
  2. Fabrication of dredger
  3. Managing the dredge team
  4. Reclamation and urban renewal
  5. Safety of a dredger
  6. Stockpiles and profits

2) Supply of sand to numerous locations

3) Sand search

4) Environmental impact assessment

5) Hydrographic survey

6) Leasing of dredging workplace tools such as:

  1. Dredger
  2. Excavator
  3. Low bed
  4. Payloader
  5. Swamp buggy

Basics Steps To Starting Dredging Business In Nigeria

Among the many uses of dredging, its use for the building of houses seems to be the most outstanding. Housing, of course, is one of the most basic needs of man. He can’t just do without it, just like food and clothing. Before the advent of the present technologies in building construction, man has always experimented with several materials to meet his housing needs. This ranges from mud, sand and rock, all in an effort to withstand the elements. With time, however, in a bid to get the much-needed solidness and strength for buildings, other materials have been introduced to building technology such as steel and glass.

Given the alarming shortage of residential and commercial buildings in the country, therefore, there has been much interest in the sand dredging industry in Nigeria, all in a bid to cater for the housing needs of Nigerians. Sand dredging is vital to keep the pace with building of homes and offices as well as industrial layouts in all over the country. Therefore, going into it is a great way to earn a decent income.

Kinds Of Dredgers To Buy

Two popular kinds of dredgers are available in the market. They include

  1. The discontinuous
  2. The persistent

The discontinuous dredger burrows and excavates the heap while the persistent dredger burrows consistently, raising and also transporting the dredged materials at the same time.

Types Of Dredgers To Go For

If you wish to buy dredger in Nigeria, go for the types manufactured by IHC as well as ELLICOT. There are more solid, sturdy and durable, although a bit expensive. China-made dredgers are not very strong, although less expensive.

Types Of Dredging Businesses To Do

There is hardly a part of Nigeria where dredging business does not thrive. However, the riverine areas have more market for the business. however, dredging business in Nigeria may be dissected into the following parts or classification systems:

  1. Class A —Dredging Firms only
  2. Class B — for Only Dredging and sand dealer as well as;
  3. Class C – Manual dredgers as alone

Class A – Dredging Firms Only

  1. Application for dredging routed to the Honorable Commissioner Ministry of Waterfront Infrastructure Development.
  2. Installment of the use charge of N50,000 [fifty thousand Naira only] Provides point by point depiction of proposed dredging area.
  3. Provision of the Environmental Impact Analysis Report.
  4. Provide Hydrographic review.
  5. Bathymetric review of the proposed area.
  6. Duplicates of current duty freedom authentication.
  7. An endorsement will be liable to the installment of the accompanying charges:

(an) (i) Payment of the total of N1,000,000.00 (One million Naira) per annum.

(ii) Proof of Ownership or Access to Portable Barges

(b) (i) Payment of the total of N750,000.00 (Seven Hundred and fifty thousand Naira) per annum

(c) (i) Payment of the entirety of N500,000.00 (Five Hundred Thousand Naira) per annum.

Classification B – Dredging/Sand Sellers Only

  1. Application for dredging routed to the Honorable Commissioner, Ministry of Waterfront Infrastructure Development.
  2. Installment of utilization expense of N50,000.00 [Bank Draft] Provide point by point portrayal of proposed dredging area.
  3. Provide the Environmental Impact Analysis report.
  4. Provide hydrographic study.
  5. Bathymetric study of the proposed area.
  6. Duplicates of current expense leeway authentication.
  7. An endorsement will be liable to the installment of the aggregate of the accompanying expenses.

(i) installment of the entirety of N1, 000,000.00[One million Naira].

(ii) Proof of possession or access to convenient freight boats

(b) Payment of the entirety of N750,000:00 (Seven Hundred and fifty thousand Naira) per annum.

(c) Payment of the entirety of N500,000:00 (Five Hundred Thousand Naira) per annum.

Classification C – Manual dredgers as it were

  1. Application for dredging routed to the Honorable Commissioner, Ministry of Waterfront Infrastructure Development.
  2. Installment of utilization expense of N50,000.00 [Bank Draft] Provide point by point portrayal of proposed dredging area.
  3. Verification of responsibility for Edge review and Ecological Impact Analysis (EIA).
  4. Provide an account of dredging procedure to be embraced.

The endorsement will be subjected to the installment of the accompanying expenses:

(i) Payment of the total of N200, 000:00 (Two Hundred Thousand Naira) per annum.

(ii) Proof of access to Portable Barges.

(iii) Payment of the total of N100, 000:00 [One Hundred Thousand Naira) per annum.

(c) Payment of the total of N50, 000:00 (Fifty Thousand Naira) per annum.

 

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20 Lucrative Small Businesses In Nigeria You Can Start Now

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Small businesses have always existed in Nigeria and are commonly operated in the streets. These businesses have catered to the immediate needs of many as they are easily accessible, hence the increase in the number of small business owners in the country. For many who are having a hard time deciding which to invest in, the list below will be of great help.

20 Lucrative Small Businesses In Nigeria You Can Start Now

20 Lucrative Small Businesses In Nigeria You Can Start Now

1.      POULTRY FARMING:

In Nigeria today, the amount of protein consumed daily is unimaginable, this makes poultry farming a very profitable business to invest in.  Poultry products like eggs, birds are consumed on a daily basis in homes, restaurant businesses etc. Therefore, investing in this business has a good margin for profitability and the best part is that you can start small.

2.      FISH FARMING:

For fish farming, you will need to equip yourself with the right information on how to properly build a fish farm so as to avoid losses. Types of equipment needed are fish ponds, a good supply of water and good drainage system before you proceed to get your fingerlings which will be nursed into the mature fish.

3.      SNAIL REARING:

Snail rearing is another business you can venture into. It requires less capital and snails reproduce at a fast rate. Snails can be reared in homes as they do not smell and are also in high demand in Nigeria.

4.      CROP FARMING:

There are many things that can be done with an unused land and one of them is crop farming. This can be done either on a small scale or on a commercial scale. The population in Nigeria makes farming a profitable investment. Rice, Cassava, yams, maize and vegetables are examples of crops that can be planted because they are in constant demand.

5.      RESTAURANTS:

Restaurants will continue to exist since not everyone can afford to patronize fast foods. As food is an essential for everyone, this business has a tendency to thrive. Bearing in mind that it is accompanied by its own unique stress but with good hands, this can be managed.

6.      CATERING:

Catering is also centered on food. Caterers exist because not everyone has the time to prepare meals for their events. This business is usually done on a contract basis and when handled with professionalism promises lifetime customers irrespective of how much you charge.

7.      CAR WASH:

The basic needs of this business are a very accessible location, a good supply of water, car washing equipment and a good support team.

8.     LAUNDRY SERVICES:

To run my service, you will need a reliable source of electricity supply and other equipment like a washing machine, dryer and pressing irons.

The ability to satisfy your clients will determine how much profits you can turn in.

9.      SOAP MAKING:

Just like food, soap is also in high demand in homes, offices, etc. Get the right knowledge, equipment, excellent packaging and strategic marketing, and you are all set.

10. HAIR AND BEAUTY SALONS:

As long as there are people, there will be salons. Everyone desires to look good and this boost the hair and beauty business. Acquire the skill, set up your shop and let people know about your business.

11. TAILORING AND FASHION DESIGN:

Fashion design requires skill and creativity. You can start small and build your brand with time. Build good relationships with your clients, offer quality service and this can earn you referrals as well as return customers.

12. SALE OF SECOND ITEMS:

Majority of the population in Nigeria buy second-hand clothes, shoes, curtains,  bed sheets etc. which makes this business a very profitable one. You can start with a bale and expand with time.

13. EVENT PLANNING:

Every event requires a planner either professionally or not. Event planners help ease the stress on the client by coordinating events from start to finish. With the right information, software and expertise you can build a good reputation as an event planner.

14. SALE OF ICE BLOCKS:

For areas where the power supply is low, ice block business is a good source of income. Ice blocks are needed on a daily basis by sellers of drinks.

15. TUTORING:

With the current emphasis on vocational training, Parents are in need of tutors to coach their children in subjects and arts like acting, dancing, singing and creative writing. This is an opportunity for everyone with these skills to earn money while instilling knowledge.

16. PARTY EQUIPMENT RENTALS:

This business is capital intensive as you will need to acquire the materials like canopies, chairs, drums etc. This business can be run from the comfort of your home.

17. SUPPLYING AND SALE OF FIREWOOD:

On a daily basis, firewood is used in Nigeria, either by caterers, restaurant business owners etc. Starting a firewood supply business can yield you good profits.

18. SNACKS AND COCKTAILS:

Little drops they say makes a mighty ocean, you can make snacks like puff-puff, bread, cake, meat pie etc. with drinks like zobo and pineapple drink for sale in areas like schools, offices etc. and earn some money daily.

19. OFFICE SUPPLIES:

For workers who are unable to shop for their office needs, you can be the middleman bringing their needs to their doorstep at fair prices.

20. WEBSITE DESIGNING:

Many businesses are moving with the tide and going digital which has led to a demand for web designers. You can acquire the skill and source for clients in need of this service. The internet is a good place to start.

Welcome on board to entrepreneur.ng

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20 Hot Tips to Get More Customers To Patronize Your Business

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If truly you need more client or customers then se this article to get our 20 Hot Tips to Get More Customers To Patronize Your Business. Just as it applies in the normal human scenario and in natural settings in general, it is only realistic for business to experience significant growth over a given period of time. Any business that does not grow is stagnant and in no distant date nor time, will see the exit door. Growth is essential for every business enterprise to thrive. There are variety of ways to achieve growth in a business and these are outlined below

Getting more customers to patronize your business has never been an easy task. But with the right tools, procedures and tips, you can achieve this in a very easy way. Of course, patronage is the life wire of any business, and in order to make any significant profit or remain in the business, the need for more patronage from a large pool of customers cannot be overemphasized.

For any business to remain significant and pull-in the much-needed revenue, it is necessary to get more people, especially new clients to patronize the business. To achieve this, therefore, it is necessary to know the cardinal steps to take in realizing continuous patronage.

In this discussion, therefore, I will be looking at about 20 hot tips which you can deploy to help you get more clients/customers to patronize your business and grow it within a very short time.

20 Hot Tips to Get More Customers To Patronize Your Business

20 Hot Tips to Get More Customers To Patronize Your Business

1.      Hire the Best Staff for Your Business

To grow your business you need the right team with good workable ideas on how to help grow your business. You should hire capable hands who can manage your resources effectively to get customers.

2.      Treat Your Staff Well

It is not enough to hire good staff, always seek out ways to reward, inspire and encourage them with incentives like cash, holidays, promotion, job enlargement, transfer to other departments, training, International travel, etc. This way you are certain that they will render good service to your customers.

3.      Chose a Good Business Location

A good business location guarantees easy access to customers. The location will either give your customers a positive or negative experience. Also, take note of the facilities available for your customers’ convenience.

4.      Close Substitutes for Products or Services

As much as possible try to have everything your customers need in your business, customers love the idea of a one-stop business where they can get the options for things they want.

5.      Quality Products and Discounts

Customers want good value for their money. Give customers excellent products at good prices and discounts and they will revisit your business daily.

6.      Identify Your Customers

All businesses have a specific niche they target. They do not serve everybody, you can grow your customer base by reaching out to your target audience, identify their needs and develop ways to better serve them.

7.      Good Management

A good management team helps to develop innovative ways to attract new customers while keeping old customers satisfied.

8.      Capitalize On Your Strength

Every business has a unique selling point, determine yours and capitalize on it. Market your strengths.

9.      Exceptional Customer Service

Good customer service is needed for any business to grow. Even if your products are top quality, with bad customer service you can perform below-expected results. Get feedback from customers and develop ways to serve them better.

10. Do After Sales Enquiry

Develop a strategy to get feedback from your customers to know or rate their satisfaction level of your product or service. You can contact customers personally to show how much you care.

11. Reward

Customers like to feel appreciated for their loyalty to your brand. You can organize a get-together, an award ceremony or an end of year party to show appreciation to these customers. Ensure you praise them and ask for referrals.

12.

Marketing Campaign

Networking with Industry Influencers

Networking is also a necessity to grow your business, connect with big game players in the industry. That way you can build relationships with them which will foster recommendations for your business.

13. Diversify

The variety they say is the spice of life. Diversity gives your customers the impression that they have choices to choose from when they patronize you.

14. Ask Customers to refer Clients to You.

Referrals are necessary for a startup to grow. Therefore, you can ask satisfied customers to refer clients to you.

15. Marketing Campaign

Marketing Campaigns can be used to create awareness if your brand in the minds of customers. You can do this on your business website using digital marketing strategies.

16. Social Media

Take advantage of social media to advertise your business, use bulk SMS, YouTube videos, Podcasts, Google AdWords, etc to connect with customers. You can also launch a marketing campaign using digital media.

17. Buy Smaller Companies

As your business grows and becomes more profitable, you can seize opportunities to acquire smaller companies in the same sectors as you. That way you can expand your customer base.

18. Technology

In Nigeria, technology has become an essential part of every business. Technology can be used to effectively produce and manage large orders for your products or services.

19. Use Freebies and Incentives:

Freebies have always worked as a powerful marketing tool to attract customers to your business.

dont waste time, this is going to help you and your friends, why not share with them now.

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