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E-commerce Facebook ads

New To Facebook ads? Here Are 12 Things You Should Know About Advertising On Facebook

What is Facebook Ads?

Facebook ads are a type of social network advertising that is designed to enable advertisers reach a certain group of people based on similar selected characteristics.

Facebook advertising

Developed by Facebook, it’s a feature of Facebook where advertisers (brands or business) can showcase adverts to varying demographics of people having the right characteristics that enable them respond in a predictable manner to such adverts. That being said, Facebook ads show up in other Meta’s platforms such as Instagram. It can also be integrated with WhatsApp, however it doesn’t display ads on WhatsApp.

Meta is the parent company that owns Facebook, WhatsApp and Instagram.

Why Facebook ads?

Over the last few years Facebook ads have become one of the most popular choices of running online advertising, second only to google ads because of a few key factors and these are the same factors why you should consider Facebook ads for your business today :

Biggest social network reach

Facebook ads has the biggest reach of any social network marketing. Facebook has over two billion active subscribers all over the globe and this means almost all your potential customers will be on Facebook.

Cheap

Facebook ads are also one of the cheapest advertising platforms in the world. They are far cheaper than Google and your spend will depend on your country’s interest rate as well as your budget. For Nigeria, the lowest daily spend is ₦418, this is around $1/ day compared to Google’s $5 / day.

Ease

Setting up Facebook ads is less technical and requires less time to learn compared to Google ads. For example anyone can learn to boost a post or sell a product using Instagram or the Facebook ads manager respectively. Even though it requires some level of learning to have consistent results, it is still easier for a newbie to get results with Facebook ads than with Google ads.

Google ads is also more complex and requires varying dimensions of advertising videos, pictures and other dynamic creatives compared to Facebook ads.

When it comes to the interface the Facebook ads interface is much more simpler than the Google arts interface. It is also easier to understand Facebook analytics compared to Google or other platforms.

Facebook ads structure

Source : medium.com

Now let’s talk about the Facebook ads structure and how an ads is housed on the platform. Facebook advertising structure is designed to enable businesses run as many ads as possible on their accounts and this has led to the development of the Facebook business manager which houses everything related to ads on a particular profile.

Business manager

Think of the Facebook business manager like a house with different rooms. Every profile on Facebook can create a business manager, this is similar to saying every person can own a house.

According to Facebook, ‘Business Manager is a Facebook tool that helps you organize and manage your business. When you join Business Manager, coworkers can’t view your personal Facebook profile unless you approve their friend requests. Coworkers can only see your name, work email address and the Pages and ad accounts you have access to’.

With the Facebook business manager you can manage your pages and ads account, as well as grant access (full or partial) to employees who help you manage your ads account.

When you’re just starting out, each business manager can have a maximum of two ads account. This however increases with time as you spend more and keep to Facebook ads policies.

Ad account

Your Facebook Ad account is where you have access to and control over the relevant information on specific ads. Like a room on the house that stores specific information.

You ad account is where you can put in your billing information, manage analytics, and see how well your campaigns are performing.

An ad account can house up to 5000 campaigns for regular and accounts and 10,000 campaigns for managed ad accounts according to Facebook.

Ad campaign level

Source : Kontentino

This is the body that houses a specific type of advertising. By type I mean goal. Every advertising has a goal, be it to get sales, get more engagement, grow your brand etc.

The ad campaign level houses ads related to this goal. This means you cannot have ads of different goals under the same as campaign level. Even though you can have thousands of ad sets in the campaign level, they must all have the same campaign goal.

That said, the campaign level is where you determine your campaign goal, budget Optimization strategy (ABO or CBO), budget (amount you want to spend daily or for the entire campaign) and testing strategy.

The budget Optimization strategy tells Facebook how you want to spread your budget across the adsets. Using Campaign Budget Optimization (CBO) your budget gets spread across all the adsets in favor of the highest performers.

For Adset Budget Optimization (ABO) you select how much you want to spend on each specific adset and Facebook doesn’t have control over your ad spending across adsets.

Facebook adset level

Think of your adset as audiences. According to Facebook, adsets are groups of ads that share settings for how, when and where to run. When you create an adset, the choices you make at the adset level automatically apply to all of the ads in the set. You’ll use adset level options to choose audience characteristics like location, gender and age as well as other demographic you wish to employ in targeting.

Simply put, your adset is where you choose who you want to target and where you want your ads to appear to your target audience – this is known as placements and we would discuss them in a bit.

Facebook ad level

The ad level is where you put in your actual ads ( videos, text and images) of whatever you are promoting or advertising.

In this level you select what messages you want your target audience to see, what action you want them to take (e.g using the shop now button, or learn more button) and where you want to send them to.

Better put, the ad level is where you put in your website you want to send your target audience to, as well as show them your message you wish them to act on. As described earlier, you can have thousands of ads under one adset. This simply means you can have different creatives (images, text, videos) shown to the same set of people.

This can be used to test which of your creatives are working and which aren’t.

Campaign Options on Facebook

Now let’s back up a little and discuss some campaign options on Facebook ads. As discussed earlier campaigns are the type of goals you choose or what to achieve from a particular advertising.

There are different types of campaign goals and Facebook has categorised them under three sets:

• Awareness

Basically this category is used to grow your brand or let potential customers know that you exist. Both campaign types do not require any action on the part of the target audience. This category has two types of campaign goals.

a. Reach

This is best to use when you have a message you would like to reach a maximum number of people. Reach campaign are used by brands who have a message that requires a very wide audience without requiring these people to take any specific type of action.

b. Brand awareness

Very similar to reach campaigns, they are used to create awareness or inform potential customers about a brand.

The Facebook algorithm uses this campaign to help reach the best people who are most likely to like or interact with your brand.

Brand awareness or reach campaigns are not very effective in growing your brand because it will not create engagement. They do not even come with the option to allow a target customer or potential customer take an action on your ad.

As the names imply they are simply meant to create awareness, and are best used for campaigns that do such.

• Consideration

Simply put this is a set of campaigns to get people to learn, like, trust and follow your brand/ business. In this category, you’re not aiming to make any sales/ purchases immediately. The goal is to grow your brand and groom loyal followers who will “someday become customers“.

This campaign category has six campaign types:

a. Traffic

This campaign type is best used when you want to send people to view your website. It could be used to then capture contact details of those who visit your website. Well this is highly ineffective for sales, it is effective for getting visitors to view your website.

However the Facebook algorithm simply calculates a click on your link (or ad) as traffic sent irrespective of whether the person actually followed through to your website. For this reason you might experience high number of clicks but very low number of actual visitors to your website.

b. Engagement

This is usually used to get people to interact with your ad. The engagement campaign helps you get likes, shares comments and followers.

That said if you have some important information which you will like more people to see, share, like and comment on then this is your best bet. Using this will not give you sales or website visits, but will ensure that there is a large number of interaction with your ads.

If you’re looking to make sales or generate leads then this isn’t your best bet simply because most of the action that people who interact with the ads will be taking will be on that particular ad not on your page or on your website.

c. App installs

Quite similar to traffic ads, this campaign type is used to send traffic to your app.

If you’re an app developer and would want more people learning about your app on Playstore or some other host, then this type of advertising is best for you. Setting up your pixel is an added advantage as it can help you monitor what actions are being taken and by who.

d. Video views

This traffic category aims to get as many people as possible to watch a video. If you have a message on video with you will want many people to get to see then this is probably your campaign of choice. However, just like all other traffic campaigns they are ineffective for carrying out conversion of any type be it sales or some other type of conversion.

However a secondary use of this type of campaign is in retargeting. Retargeting is the process of sending ads to people who have previously interacted with a different ad of yours.

e. Lead generation

This is used to capture leads. Leads are people who may be interested in your business in the future but would want to know more about you and get to like and trust you before making a decision, it could also be that they are not just ready to purchase yet.

Lead generation campaign provides you with a fill-in-the-box type of form where you are able to capture the details of potential customers. This box can be pre-filled (with information provided when they opening the Facebook account) or edited by the person interacting with your ad.

While this strategy is very cheap and easily get leads, it is usually not effective in getting high quality leads. This is because sometimes a person might interact with your ad without wanting to give his or her information because they aren’t interested enough, however because the information there are easily pre-filled and captured, his or her details are taken even without his or her interest.

This means you are left with a bunch of contacts that are not really interested in your business or willing to buy anything from you in the near future.

f. Messages

The message campaign type is simply to get messages. These messages maybe sent to your Facebook messenger or to your WhatsApp which is connected to your page.

If you sell products, this campaign type could be useful to get people to enquire about your product directly via your WhatsApp or Facebook message. However like all other campaign types of this category it is not very effective for sales despite being way cheaper.

Like the lead generation campaign above, most of the people who will message you will not be ready to buy. If you’re going to use this type, consider combining it with a CRM software.

• Conversion Category of Facebook ads

Now this is the campaign type that makes Facebook ad interesting.

Conversion type campaigns are designed to get you people that take desired action and even though these are way costlier, they are more effective for sales or any other type of action be it generating leads or getting followers.

Under this campaign category we have three types of campaigns :

a. Conversions

This campaign type is designed for advertisers who want people to take certain types of actions and want to keep track of those actions. These actions include, app installs, purchases, landing page views, add to cart, add payment info, etc.

The Facebook algorithm is designed to identify and show your ads to people who are most likely to take the desired action be it making a purchase, visiting your website, downloading your lead magnet, listening to a song, watching a video, or downloading your app. As long as you want people who are most likely to do those actions, conversions are your best bet.

In order to set up conversions you must first set up your Facebook pixel and select the conversion event you want to track. More on that later.

b. Catalogue Sales

As it denotes, this campaign type is best used when you want customers seeing a catalogue of products or list of options to take action on.

It’s usually used by big brands with lots of shopping options, however it’s very effective for driving sales. In order words it’s used to drive traffic to your online store.

c. Store traffic campaign

This type of campaign was designed by Facebook to drive foot traffic to your physical store. According to Facebook, you can select the store traffic objective for your campaign if you have a business with one or many different stores and you’ve added your store locations in Business Manager.

You store must be a physical location and it’s address must be updated in business manager.

The Facebook Pixel

Source: wpblog

The Facebook pixel is a piece of code (a unique string of numbers) that is used by the Facebook algorithm to track what actions are being taken on your website. It works by uploading a small set of predetermined functions ( called events) that you want your visitor to your website to take (called a conversion). It’s unique to each ad account.

Learn more about the Facebook pixel here.

Where Do Your Facebook ads Show

Source : social media examiner

Facebook has various outlets where your ads show ( these are known as placements) and here are a few of them;

Facebook feeds : Best defined by Facebook as the constantly updating list of stories in the middle of your home page. Feed includes status updates, photos, videos, links, app activity and likes from people, Pages and groups that you follow on Facebook.

Marketplace : Facebook marketplace is a future designed by Facebook for people who want to trade items organically. You can also set up your ads to show in this marketplace.

Stories : Facebook stories are a new feature by Facebook where you can upload pictures or very short videos not more than 30 seconds. They are designed to give viewers highly entertaining videos and pictures that last not more than 30 seconds on the field and disappear after 24 hours.

Others are

  • Audience networks – affiliate sites with Meta.
  • Reels – a new video feature similar to Instagram reels that allow you upload videos of up to 60 seconds. Reels were modelled after YouTube shorts.
  • Search – these ads appear when someone searches for something on Facebook.
  • In-stream videos – these are video ads that’s show under the video section.

What type of Facebook Ads Creative Can You Use

Source : Pinterest

Image : Graphics images could be anything from pictures of the product or event, to just about anything.

Video : videos of the products or any other event. Video creatives tend to pull in more engagement than pictures. The Facebook algorithm gives preferable to video over pictures.

Carosell : carosell are a combination of scrollable images or videos. They are best used when you have multiple variations of products.

Dynamic ads: these are automated ads for business that have a large number of products. Instead of having to create an ad for every product you sell, you create a catalog and then drive traffic to your store, the Facebook algorithm then generates an ad for each product based on the interests of the target viewer or audience. This type of ads are best used for big E-commerce brands with multiple products like Alibaba for example.

How much control do you have over your ads

  • You choose where it appears. With Facebook Ads, you can choose where your ad creatives appears on Facebook and Instagram via the placement options. You can create ads that fit or blend into a particular placement which helps increase the click through rate.
  • You choose who can see your ads : You also decide who gets to see your ads using interest and demographics. Learn more about interests and demographics here.

How to Pay Money Into Your Ad Account

Choosing your Payment method

When setting up your ad account from the business manager, it’s important you set up your payment method correctly as well as select the right time zone. Selecting a worng payment method, eg, selecting dollar payment when you don’t have a dollar card will make payment very difficult for you.

Also setting the wrong time zone will mean you’ll struggle with calculating the right time everytime you want to set up an ad. If improperly set, you as might be over spending your budget at the wrong time.

For most new accounts, Facebook offers the MasterCard/ Visa card payment and this is ok to go. However some countries have the option to choose postpaid account while others can only use prepaid.

For countries with postpaid, your card must be bound to your account and Facebook reserves the right to deduct any ad credit given to you from your account without prior notice. The advantage to this however is that you can run ads even when you don’t have any money up to a certain limit.


For countries where only prepaid is available, you can still bind your card or use a third-party payment system. For me I usually recommend using a third-party payment system. This is because when you bind your card and for some reason your account gets restricted, your card is already bonded to that account and any new account you use that card on will likely be restricted as well.

Here is how to make payment using PayU, a third party payment system in Nigeria.

Best ads to run for e-commerce

When it comes to running ads for e-commerce, there is only one type of ad type that works best and that’s conversion ads. Here you get ready-to-buy audiences to visit your site and carry out a desired action.

However other Strategies you can use to boost sales are video views and retargeting campaigns. Simply put, you create a video ad of your product, and then create another ad retargeting those who watched a certain percentage of your video ad, say 50% and above. You can also retarget visitors to your website as well as those who took some action on your website such as filled a form or downloaded a lead magnet.

This works because it’s mostly people who are very interested in your products that are likely to watch your video for long, download/watch a lead magnet or submit details.

This strategy works because you spend less and you are mostly targeting interested audiences with your ads. It’s also helps to build trust because potential customers get to see different points of your products.

Facebook ads policies

Source : PowerAdSpy

Facebook ads policy is a set of guidelines Meta has established for using her advertising platforms. It lists and explains different types of advertising acceptable on Meta, how to use the advertising platform, and what types of advertising are prohibited or in a grey area.

It is very important that you go through the Facebook ad policy at least twice to familiarise yourself with them before running any ads as failure to understand them or breaching them might get your ads rejected. Multiple rejected ads will get your ad account restricted or completely blocked from advertising on Meta.

Facebook ads manager

Source ; iSogTek Pushing Limits

Facebook ads manager is an integrated interface for setting up, organising and analysing all your ads.

The ads manager is used for managing individual ads accounts unlike the business manager which can manage several ads accounts at the same time.

Meta has also introduced the mobile-friendly pocket version of the Meta ads manager which helps you manage your ad account and your ads on the go full stop with this mobile-friendly version you can set up ads, monitor ads as well as fund your account on your mobile. You can download this on the Google Playstore or iOS store.

It’s also very simple to use and does not require any technical knowledge.

Summary

While setting up your ads can be relatively easy, setting up a profitable ad campaign is another ball game that requires one to understand the Meta ads, Advertising and sales. You can learn more about creating a successful ad campaign that brings in thousands of sales here.

Categories
Business E-commerce

Supercharge Your Ecommerce Business – 6 Tools To Help You Scale Your Ecommerce Business

Starting an e-commerce business is not an easy task. You have to get everything right or you’ll end up with a lot of products you can’t sell and a lot of money wasted running advertising. However, there are some tools you’ll need to enable you to Supercharge Your Ecommerce Business and scale with minimum effort.

It’s a delicate business that requires lots of planning and getting offline things in place even before starting to run advertising. In short, running advertising is the last part of the business.

That said, here are 6 tools that would not only help you start your e-commerce business successfully, but would also help you scale up.

1 – Email Marketing Solutions

email marketin can supercharge your ecommerce business
email marketing


Email marketing is the simplest, most cost-effective way of making money as an e-commerce business.

Your email subscribers already know, like, and trust you and simply recommending a product to them is 10X more likely to bring sales than running any sort of advertising.

By adding email marketing to your E-commerce business, you’re creating a passive income source that never runs dry.

While nurturing and growing an email list takes a lot of work, the rewards are massive and long-lasting. However, before starting to grow your own email list, it’s very important you choose an email platform that will serve you for the long term.

When it comes to email marketing, Sendinblue is one of the best in the business.


2 – e-Commerce Advertising Platform

Like every business, you must advertise to get clients, consumers, and referrals. Choosing a platform that’s easy to use and manage is a priority before starting your e-commerce business.

Facebook advertising is one of the cheapest tools to supercharge your ecommerce business
Facebook advertising


While Google ads have the largest reach so far, Facebook & and the new kid in the block, TikTok is increasingly challenging the dominance of google ads. However as a beginner to E-commerce, Facebook remains the best platform to start with, this is because it’s cheaper, easier to use, understand, and has a reach of over a billion active users.

To learn more about advertising your e-comm business on Facebook, simply click here.


3 – Payment gateway

While E-commerce agencies in most American and European countries use automated payment gateways, with larger companies and Konga and Jumia doing the same in Nigeria, as a starter, using automated payment gateway systems will not work.

Supercharge your e-commerce business
Payment on delivery


Nigerians rarely trust anyone easily and prefer to pay on demand. If you’re not a household name like Jumia, Alibaba, Jiji, Konga, and the likes, creating an automated payment gateway will very likely reduce your sales.


The solution is to adopt a pay-on-delivery approach and create a system where your customers can make payments when the goods arrive. This of course has its own problems (link here), yet it creates a goldmine of opportunities to make real money.

Learn more about starting a profitable E-commerce business here.

4 – Delivery Agent

While briefly covered in the last point, getting the right delivery agent is important. In Nigeria, there are several delivery companies, some of them are very costly and others are very unreliable. Not to talk of the fact that some customers can change their minds at moment’s notice without any alert.

 

Supercharge your e-commerce business
delivery agent

Therefore, getting a reliable and cheap delivery agent is really important when starting your e-commerce business. If you ship to faraway places, you should ensure you have a reliable person to receive the products and deliver them in due time to the customer.

Your delivery agent must always be in contact with the customer to ensure the customer is available and reachable when the product arrives.

You can learn more about getting a reliable delivery agent and how to handle customer problems in this course.

5 – Analytics Tools

When using Facebook or any other E-commerce advertising platform, there is a myriad of KPIs that may be confusing to you as a first-timer. This is why we recommend understanding facebook’s analytics.

Supercharge your e-commerce business
Facebook analytics


Some data to pay attention to include ;
• Average order value – the average amount a customer spends with you.
• Average Conversion Rate – the percentage of visitors who buy from you when they visit your website or e-commerce store.

Knowing these KPIs will give you an early indication of you are making profits or losses and also give you indications as to what particular aspect of your business needs to be fixed.

While Facebook comes with its own, there are a few other tools you can use that can make the process easier for you and help you find leaks in your E-commerce amour.

Here is a list of e-commerce analytics tools that could benefit you. Check them out.

6 – CRM Software

Customer Relationship Management is one very important part of e-commerce. Getting a means to automate all or part of your CRM could be saving you a lot of time and gain more customers.

Supercharge your e-commerce business
CRM is important to successful e-commerce marketing


Since most Nigerians with smartphones now use WhatsApp as a default means of daily conversation and communication, it’s imperative that you get CRM software that integrates seamlessly with WhatsApp.

Most successful e-commerce businesses use WhatsApp to communicate with customers and there are so many CRM software built around WhatsApp. Some of them include WhatsAuto, WhatsApp Autoresponder, Callbell, leadSales, and others.

However, for a beginner, I recommend you just start with WhatsApp Autoresponder which can be downloaded on the Google Play store and you can easily set it up. It charges a small monthly fee but saves you so much time answering basic and repeated questions from clients.

You can learn more about CRM software here.


Summary

This post has exposed you to some really amazing tools you should have handy to skyrocket your e-commerce business. However when starting an e-commerce business in Nigeria, it’s best to learn from people who have succeeded in the industry as you know, business in Nigeria can be really challenging.

One of the best people to learn more about having a successful e-commerce business in Nigeria is Jonathan Melody, a top E-commerce guru who has made tens of millions selling varying products online. Here is one of his best recommend courses.

Categories
affiliate marketing Business

Affiliate Marketing Success: 7 Steps to Making 7 Figures Monthly With Expartnaire

Affiliate Marketing is one business model that has created tons of millionaires in the last two years.

Lots of young Nigerians have thousands of testimonials of how they have been making money weekly with affiliate marketing and have quit their jobs to make money online fully using this really simple business model.

If you’ve been looking for a way to make money online in 2022 without having to quit your job or spend so much money. You don’t even need weeks and months to learn this skill. All you really need is a few set of instructions and the willingness to follow through.

In this post I’m going to break down what this business model is, what it entails, who is it for and 7 steps you should take today to make your first million using this model.

What is affiliate marketing?

 

Affiliate Marketing summary

As defined by the online Oxford Dictionary, affiliate marketing is a marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals. Wikipedia puts it in another way, it describes it as a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.

In simple terms, your job as an affiliate marketer is recommending helpful products to people who need them and can afford them, and when those people do make a purchase, you get a set commission.

Toyin Omotosho. Founder of Expartnaire

So the way you make money as an affiliate is by getting paid when someone buys a product you recommend to them. One way or the other we have recommended products to friends, the only difference is that we probably didn’t get paid for it.

So why not get paid heftly for telling a friend to go buy some product they need right?

Unlike other business models, you don’t have to quit your job or have a physical shop or store.

You might be asking is it online? It’s both offline and online. However we would be focusing on the online version of affiliate marketing which is more popular and the subject of this post.

Here you simply find an affiliate platform and create an account on it, check out the products and get your unique affiliate link for each products which is what you’ll be using to recommend products.

Who can be an affiliate marketer?

Affiliate Marketing is for everyone who has what it takes

The popular saying is that anyone can become an affiliate marketer. This is both right and wrong. It’s right because it’s not restricted to any age, gender or personality. But it’s also wrong because not everyone is suited to this business model.

Selling other people’s digital products is a business model that requires you to learn advertising, lead generation, funnel building and closing skills.

Let’s talk about all these one after the other.

Advertising is the process of showing your business or products to strangers with the hope of converting them into customers.

Lead generation is the process of getting people to know, like and trust you. It’s a process where you incite those strangers who see your ads to want to know more about your product. Here you give them some useful, valuable item in exchange for their contact details.

Lead generation summary

The Sales Funnel is the process a customer takes from learning about you and your products to making their first purchase from you as well as recommending you to family and friends. Creating a seamless sales funnel that makes it very easy for the customer to buy from you is very paramount in affiliate marketing. This is because if your funnel works then you spend less in getting potential customers.

Simple sales funnel process

Lastly let’s talk about your closing skills. Closing simply refers to sealing a deal, i.e a customer makes a purchase from you. The better you are at closing leads I’m getting them to buy from you the lower your cost per purchase or average order value.

One of the most important skills in Affiliate Marketing is closing skills

Get started with affiliate marketing

So how do you get started with affiliate marketing? It’s really very simple all you need to do is choose a reliable platform, register and select a product of your choice, get your unique affiliate link and start promoting.

Getting started Affiliate Marketing

Choosing your affiliate platform

 

The are so many affiliate platforms. Some well known ones include jvzoo, learnoflix, clickbank, CJ affiliate and Expartnaire. Most of these platforms are international platforms and have long existed way before the digital products boom of 2020.

Affiliate Marketing platforms

Expertnaire was created by Toyin Omotosho in 2017 and was the first Nigerian affiliate platform. Toyin Omotosho is among Nigeria’s top 10 digital marketers and has helped to change the lives of hundreds of Nigerians.

Expertnaire

In Nigeria today, Expertnaire is the most trusted Affiliate Marketing platform with over 60 different digital products covering different niches from making money online to advertising, e-commerce as well as weight loss.

When you register it also comes with a course that helps you understand how I feel it marketing works and gives you some basic skills required to profit in the affiliate marketing space. This is one big advantage Expartnaire has over other affiliate programs such as Lenoflix. It also boasts of being the largest platform for affiliate marketers in Nigeria.

But the biggest advantage of Expartnaire over other platforms is that it accepts and pays with our local Nigerian banks. With other platforms, you have difficulties such as ATM card not acceptable, not able to pay to your local bank and so on. Expartnaire solves all that.

Digital products you can sell

Some of the digital products hosted on Expartnaire include

DiPPS. This is a product by one of Nigeria’s top internet marketer, Nnamani Czar and it shows you how to create and sell your own digital products. It goes for ₦50,000, with a 50% commission, meaning if you sell this, you get a commission if ₦25,000. Not bad enh.

72ig. The 72 hour implementation course is the brain child of Expartnaire founder Toyin Omotosho and it shows you how to profit from affiliate marketing. Going for ₦60,000 with a 50% commission as of the time of this write up, it’s the highest selling digital product in Nigeria today.

Ecom money bag by Jonathan Melody is one of the best courses for those venturing into Ecommerce in Nigeria. It goes for ₦25,000 with a 40% commission.

– and lots of others.

Why you should start affiliate marketing

Reasons to start affiliate marketing

1- Doesn’t consume your time. This business model will require no more than 2 hours per day of your time. If you learn how to automate it, you could even be spending less time. All you have to do is promote you affiliate link using a post or Video.

2- Easy to scale. Unlike other business models that require so much money to scale, affiliate marketing does not. To scale you simply need to reach more people. The more people seeing your products, the more who buy. You don’t need a new website or anything else. You just need to get more leads by increasing ad spend.

3- Makes money with ease. If you’re looking for an easy way to make money without having to work so hard, or for so long hours, affiliate marketing is perfect for you.

4- Can be done from anywhere you are.
Because you mostly work with just your mobile phone and create content that helps people to buy your product which you are promoting that means you can work from anywhere at anytime. It may surprise you to know that even while sleeping you can be making sales.

5- It’s here to stay. Affiliate marketing is a business model that is here to stay. Simply because the sale of digital product is only rising there for affiliate marketing in the digital industry will continue to rise and will be around for a very long time.

6- You don’t need to own any product. This is probably the most important part and I should have led with that but as an affiliate marketer you don’t need to own any products you simply pick and already established products promote it and get a hefty commission. The sweetest deal is that you are not even responsible for refunds or guarantees. Which means once the sale has been made even if the customer does not end up appreciating the product I want a refund you do not get to refund your commission the refund is done by the owner of the product.

See what others have made in sales and commission.

Let the pictures talk.

Caleb
Joy
Jackto

There are hundreds of others just like these.

The 7 steps to 7 figures in affiliate marketing

Affiliate Marketing Success steps

There are over 30 thousand affiliates, yet less than 2 thousand of them are actually profiting from this business model. The reason for this is multifold.
1 – they don’t implement what they learnt
2- they don’t have a working strategy

But for you it would be different because here are 7 strategies you should implemt to making 7 figures monthly.

STUDY – I study all the materials, books and other items. Studying these materials build your closing skills and build your ability to communicate with people and get them to know like and trust you before they even decide if they should buy from you or not.

The Importance of studying is that people will ask you a lot of questions concerning the products and if you have little or no knowledge on it it will show and they will not want to buy from you. studying those materials will make you knowledgeable in your chosen niche.

CHOOSE A PROFITABLE NICHE – My best niches are weight loss, making money online and relocation niches. They are evergreen niches, meaning they always bring in sales irrespective of economic times.

For best results, you should focus on one of those niches.

DETERMINE WHAT PART I PLAY – Affiliate Marketing has so many parts. Trying to do everything will make me inefficient. I Simply FOCUS ON CONVERSIONS.

You should focus on closing and converting customers that come to you and automate all delegates other parts of the business.

OUTSOURCE THE REST – once I’ve chosen what part I will focus on I simply outsource the rest to other people.

GET LEADS CONSISTENTLY – to ensure I keep making sales I simply keep bringing in Leads by running Facebook ads.

POST VALUABLE CONTENT – I consistently update valuable content on my WhatsApp status which also brings in sales.

FOCUS ON GETTING 5 SALES PER WEEK – every week I have a goal of closing at least 5 leads.

5 sales * ₦30,000 = ₦150,000

There you have it. Here’s my 7 point secret strategy to making ₦150,000 every week.

Get started now – an offer you cannot refuse.

Want to get started? Grab this free book that gives you a crazy offer you cannot say no to, and helps you avoid all the traps affiliate marketers fall prey to.

 

 

 

Categories
affiliate marketing Business Digital Products E-commerce

3 Highly Profitable Online Business In Nigeria You Can Start With A Low Budget In 2022

Starting a profitable online business in Nigeria requires some capital, and for the average Musa, it can be very difficult to get the capital needed to start any business, it’s ever worse when you have no track record.

That is people cannot look back at business you have done in the past to ascertain if you would be successful or not and judge whether they should lend you money or invest in your idea.

Luckily the internet has brought with it so many methods of making money that one no longer need to have a physical shop or get hundreds of employees to have a multimillion naira business.

As the popular saying goes, there are a million ways to make a million bucks and this is no where more true than on the internet. With so many opportunities it can get really confusing and can make you lose focus as a beginner.

That said here are three of my favourite businesses which you can start with a very low budget and promised very high returns.

1. E-commerce

E-commerce
Budget : ₦ 100,000 - ₦150,000

Requirements : Learn more about how to start a profitable E-commerce business in Nigeria here.

E-commerce is simply the act of sourcing goods and products at a cheaper rate and reselling them at a higher amount.

Similar to the way a shopkeeper buys products from a wholesaler and resells them e-commerce simply leverages the internet to sell to people using adverts on Google Facebook and other platforms.

In the last six years e-commerce have become a multi-billion naira industry in Nigeria as big companies such as Jiji, Jumia and Konga rule this business model.

However this model can still be done by individuals and requires a simple knowledge of the business industry as well as a little budget. Get more information about starting an e-commerce business here

By understanding the market and carving out a niche for yourself you could make your first million in less than a month. All you really have to do is find a difficult to get product and promote the heck out of it to the market that needs it the most at a good, profitable price.

Once you get your customer, product, target, and price right, it’s simply a matter of wash, rinse and repeat.

To learn how you can profit massively from e-commerce click here.

2. Affiliate Marketing

The 3 steps of affiliate marketing
Budget : ₦60,000

This is simply the most popular online business in Nigeria today. However 98% of affiliate marketers are doing it wrong.

Almost every time you open your Facebook or join a group you are very likely to see an affiliate marketing post. So what the heck is affiliate marketing?

According to the founder of EXPARTNAIRE Toyin Omotosho, affiliate marketing entails recommending helpful products to people who need it and can afford it and getting paid a commission when they buy the products using your recommended link.

This means any time you recommend a product to someone and they make a purchase you simply get paid a percentage of the purchase fee. Sounds like a pretty cool way to make money if you ask me.

Using Expartnaire, there are over 50 different digital products you can recommend to people ranging from 5000 naira to as high as 150,000 naira, with commissions going from as little as 35% to as high as 80%.

Let’s say for example you choose to promote a product of 60,000 Naira with a commission of 50%. This means for every sale you make you get a pay back or commission of 30,000 naira. Let’s go ahead to see you are able to make 10 of the sales every month.

This means you make
10 × ₦30,000 = ₦300,000 monthly.

The amazing part is that they are digital products so you do not have to care about delivery or damage to the product you also are not liable to give refunds or guarantees.

Cool right? To learn how you can get started as an affiliate marketer and make some money click here

3. Digital Trainings

Digital products include videos, ebook and virtual trainings
Budget : ₦ 50,000

The digital products industry in Africa exploded after the 2020 lockdown due to the ongoing Corona virus pandemic. During this period people were forced to sit at home and had to look for alternative sources of income and they flocked the internet.

People began learning a ton of digital skills or began finding ways to digitalize their skills and knowledge and share or teach others to raise money. These are known as digital products/ training and industry is now a multi-billion naira industry and almost anyone with some helpful knowledge can make a living and live a life of luxury and freedom selling digital products and trainings.

The very first step is identifying what useful information you have to share and how it benefits people and then deciding how you want to package it and get it across to people who need it.

Some examples could be a step-by-step process you took to loose weight, make money, travel out of the country, learn an in demand skill, get healthier, etc.

You could then package this knowledge into an eBook, video course, seminar on WhatsApp, zoom, google meet, telegram etc.

The advantage with this system is that it usually requires a one time investment and high reoccurring returns. This means you only create the product once and you can keep making your cool cash out of it.

To be successful at selling digital products and trainings though, you need to learn some basic skills such as online marketing, copy writing and content writing among others.

Learn more about how you can start with this business here.

Categories
Business

Products versus offers : 5 Reasons Why creating more offers is the best thing you could do for your Business

Let’s talk about products versus offers. Ever wondered why big firms remain in business through the ages?

I would give you a little secret.

The reason is simple, offers. Not just offers, but juicy offers made with the intent of attracting the customer’s attention to a particular goods or service and keeping that interest long enough that the customer feels like they are missing out on something good. This often ends with a customer making repeat purchases.S

Summary is, big firms keep making offers that get more customers into their doors and bringing repeat business.

What is an Offer?

Offers can be viewed from different perspectives, first as an amount a client is ready and willing to pay for a good or service and secondly as a conditional service or good between two parties that is provided when one of the parties agrees to fulfill the conditions. This is just the textbook definition. The business definition is much broader.

Creating offers is another way of increasing customers and also increasing traffic – channeling demand to your business.

Take for instance, a small page with about a thousand followers and few engagements, hosting a give away on the condition that followers stay tuned at a particular time and also invite others. It always works like magic, within the period the company runs the giveaway, the page will surely have increased followers and had more engagements.

In a lay man’s term, it is giving out a few to gain more – think baiting. Offers can never go out of fashion as businesses, big and small, create and seek avenues to create new offers to draw customers to their products.

Creating offers should not be limited to big firms only, you too can increase your customer or client size, improve your reviews and reach your business goals by adequately and regularly implementing the use of offers in your business structure.

That said, in this post, we would be sharing five reasons why you need to make an offer in your business and how it benefits you.

Offers Increase and Expand your Customer Base:

Every year, as an entrepreneur you lose about 10 – 25℅ of your customer base to competitors with better offers and newer products or oftentimes just better customer service. Making offers help you retain and increase your customers by attracting them from the competition, channeling the demand towards your products and help you replace the customers who have left for whatsoever reason.

Since offers are baits to get customers – old and new – to see your products and make a purchase, frequently coming up with new offers makes your products look exciting and grows your brand. In short companies who take the time to promote new offers tends to get 3X more engagement that companies who repeat same old products. People love new things.

Use Offers to get More Referrals:

Creating juicy offers is a way of getting referrals from clients. Let’s look at this scenario. Client one purchases an eye – bulging offer and informs friend A about his amazing purchase, friend A jumps on the offer and talks about his mindblowing purchase with friend B. Now friend B is intrigued and wants the same offer and so on. Therefore the list increases.

Offers sometimes give your customers the feeling that you care about them. Think of a spend-less-and-get-more offer, this offer makes the customer feels like you want the best for them consequently making them buy more. A classic example is the Black Friday sale.

Offers Help You Get Reviews

You want a review of your business, create an offer: When you have created offers, you have automatically won your customers’ heart, you have subtly bought them over and at this point, they are loyal and expectant to get more goods and service from you.

At this point, it is easier for you to request a review, and also interact with them to see how well they like your service or product and also get their opinion on how to improve.

Use Offers To Launch/ Test New products

When most big firms want to beat the competition, you get to see new products sold at cheaper prices or coming with bonuses or special free features / free trials.

International business empires such as Coca-Cola, Apple, Samsung, Toyota and the likes tend to use offers a lot when bringing out new products. Some offers when lunched become trends, a classic example, Coca-Cola sold millions of bottles when they printed names of people on their bottles. It was a crazy offer. Nothing changed, except that you were now aware that one of those bottles in the vending machine had your name on it.

The same goes for your business, when launching a new product, you can make use of amazing offers to attract new customers.

Offers Stimulate Repeat Purchases:

Whilst the profit margin can sometimes be slightly smaller, offers stimulate repeat purchases from existing customers and attract a new set of loyal customers, which in the long run is highly beneficial.

Offers can be created for both new customers – to get them through the door – and old customers to make them keep buying for you. For example a club can create an offer that says “20% off your first 5 drinks” for new customers and create another that says ” VIP lounge for old time customers at 25% off”.

While one offer helps bring in new customers, the other helps to endear old customers to the club even more as they feel valued and appreciated.

Some Examples of Offers

Free Delivery:

This offer never goes out of style as customers always seize such opportunities to obtain their favorite products. This offer has become popular with many e-commerce sellers. The rational behind why this offer works so well is that the customer feels he’s saving money on delivery.

Usually the delivery fee is hidden within the price, however business is all about perception and positioning. If properly done, the price should be positioned as helping the customer to save more. A classic offer type and best used for products based businesses. It’s usually used in E-commerce businesses.

Competitions:

Competitions are an offer type used for brand growth. This strategy is usually used by organisations that are already grown to some extent but want to increase their customer base. It is also not very common because it is capital intensive.

Most small businesses use this to generate traffic and increase sales and get clients to your landing page. Generally it revolves around hosting a competition, getting new followers and expectant customers who hope to win in the competition. The buzz around the cash makes more people want to know more and probably check out your social media handles.

It’s an intelligent way to increase your brand reach.

Guaranty or Warranty:

I am not the only one who gets excited when a product i buy has an issue and it is still within its guaranty period. Customers love guaranty!!! When you create guaranties or warranties you build more loyal customer fan base, who believe in your products and service.

Discounts:

This has become the most popular offer trend. In this strategy, a business agrees to sale it’s products at a reduced price calculated by percentage. This works perfectly especially where the customers know the existing price tag of the goods. Jumia’s Black Friday is very popular as goods are sold at very low prices that can’t be found anywhere.

Buy A and Get B free:

This is one of the most common types of offers and in my opinion the most effective. It’s best used when both products are complementary.

This is typically used in E-commerce businesses as well as food restaurants. Here two or more products are given off for the price of one where one product is the main product with the higher price and the second product is a complementary product with a lower price but still of immense value.

An example is when you buy a plate of food at a restaurant and get a free bottle of Coke.

Others include

  • Giveaways, which are similar to cash prize competition.
  • Free Trials which are usually used for new products by big companies usually to a few number of people and more commonly used by SaaS developers. The idea is to give a full or limited feature trial for a number of days with the option to get the full subscription or cancel. This is one of the most powerful offers in the software business.
  • Gift vouchers. This are bonuses usually given to customers who take action and make a purchase. These gift cards are usually used in-house.
  • Free Training : Free trainings are usually used as a lead magnet. A lead magnet is an item of value that is given for “free” in exchange for the contact information of a potential customer. The lead magnet can be used to demonstrate that the products which the creator wants the potential customer to buy is of the required value. It’s also used to build trust and authority between buyer and seller.
  • First XXX number to Register get free YYY : this type of offers are used to support potential customers into taking action and making a commitment. It is also used to enhance FOMO – Fear of Missing Out. It’s forces the potential customers into taking instant action or missing out on a potentially very good deal.

Creating offers is no bluff, it has been proven to work from time immemorial to increase your client base. Also, Do not forget, Offers help to promote your business.

Other benefits of Utilising Offers in your business

Offers help to make your product a household name, increase visibility for your products and expand your business.

You might have created an offer once and it worked wonders for you, don’t stop there, keep creating more. Making offers should be regular and continuous.

To learn more about how you can use offers to scale your e-commerce business click here