News & Updates

How To Open Your Online Store
Babatunde Kujore article

Online selling, better known as e-commerce, has truly hit its stride. In fact, Forrester reports that e-commerce sales in 2011 topped $202 billion and is projected to increase 62% to reach $327 billion in 2016. With this much money on the table, it may be time to consider taking your business online. Fortunately, getting started is easier than you might think. Check out these six simple steps to opening a successful online business: 1. Decide what products to sell. Before you do anything,...

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Last updated 2 hrs ago

Top Reasons New Businesses Fail
Babatunde Kujore article

It's often said that more than half of new businesses fail during the first year. According to the Small Business Association (SBA), this isn't necessarily true. The SBA states that only 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10. The SBA goes on to state that only 25% make it to 15 years or more. Though the odds are better than the commonly held belief, there are still many businesses that are closing...

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Last updated 1 day ago

The Nigerian economy is growing and e-Commerce is playing a key role in this growth. Nigeria’s e-Commerce sector is worth more than $13 billion and that market value could rise to $50billion over the next decade. An important player in the e-Commerce sector is Jumia which recently listed its shares on the New York Stock Exchange. The e-Commerce platform has faced and encountered quite a few challenges in Nigeria. This did not deter Jumia from dominating the e-Commerce space in Nig...

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Last updated 2 days ago

E-commerce Frequently Asked Questions
Babatunde Kujore article

1. Why is it important for business owners to create an ecommerce site? Today, people have very less time to purchase items, by going to physical stores. They prefer to browse their mobile devices or PC and shop online. Having an ecommerce site for your business will help you to capture this market base and keep your customers informed about all your latest products and services.   2. How can I choose the best platform for my ecommerce business website? Before getting started wi...

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Last updated 3 days ago

Small and Medium Businesses (SMBs) are a rising phenomenon that has a high growth rate across many countries. This massive surge is more noticeable in the developing countries. As budget cuts are being made in many industries, the best option for businesses of all sizes is to go digital. In today’s complex and fast paced world where everything is going digital, SMBs have realised that they cannot stay aloof if they want success. You have to gradually build an online presence that reflec...

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Last updated 4 days ago

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