Connect with us

Published

on

The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country.The Governor of the bank, Godwin Emefiele, disclosed this in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank.Emefiele, who was represented by Adamu Lamtek, Deputy Governor, Corporates Services, said what the bank did was to protect the banking sector from the activities of Cryptocurrencies and not a ban on its activities.The CBN did not place restrictions from use of Cryptocurrencies and we are not discouraging people from trading in it. What we have just done was to prohibit transactions on Cryptocurrencies in the banking sector.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Bitcoin’s Creator Satoshi Nakamoto Is Now a Member of the Top 20 World’s Richest People

Published

on

Bitcoin's Creator Satoshi Nakamoto Is Now a Member of the Top 20 World's Richest People

(Cbl Business)-This week our Business news desk covered the world’s wealthiest cryptocurrency billionaires after the American business magazine Forbes published the 2021 list of billionaires. Now it was mentioned in our report that Satoshi Nakamoto didn’t make the cut, even though Bitcoin’s inventor is one of the wealthiest people in the world. Using today’s bitcoin exchange rates, data shows that if Nakamoto has 1 million bitcoin, then the infamous creator has made it into the top twenty, as far as the world’s wealthiest billionaires are concerned.

Bitcoin’s Creator Is a Member of the 1%

The mysterious creator behind the Bitcoin project is unknown and there is very little information out there concerning the identity of the blockchain inventor or group of inventors.

However, there is some information that the community is aware of, and it is well known that Satoshi Nakamoto helped kickstart the network and was with the community up until 2010. It is estimated that Nakamoto holds at least 750,000 to 1.1 million bitcoin (BTC) from when the creator mined tokens back in the early days.

It is also understood that Nakamoto has never spent these coin base rewards gathered during the first year Bitcoin launched. Now leveraging current bitcoin (BTC) exchange rates shows that Satoshi Nakamoto is a very rich person today, as the inventor possesses over $59 billion in wealth.

Bitcoin's Creator Satoshi Nakamoto Is Now a Member of the Top 20 World's Richest People

This is of course if Satoshi Nakamoto has access to the 1 million BTC estimate and the $59 billion+ doesn’t include the forks he owns too. Nakamoto’s bitcoin cash (BCH) stash is worth over $650 million and the bitcoinsv (BSV) cache the inventor owns is worth over $250 million. Satoshi Nakamoto also has access to 1.1 million bitcoin gold (BTG), and all the other forks that exist if the inventor still has the private keys.

With just the BTC stash alone, this puts Satoshi Nakamoto in the top 20 positions, according to the “Forbes Billionaires 2021” list. Nakamoto is positioned just above the financial media mogul Michael Bloomberg (20) and Rob Walton (20) the oldest living son of the Walmart founder Sam Walton

Nakamoto Climbed From the World’s 159th Richest Person to the 19th in Just 5 Months

Bitcoin’s inventor would be in the 19th position using today’s BTC exchange rates and with the corresponding exchange rates of forks like BCH, BSV, and BTG, it would still make him a hair below Jim Walton another son of Sam Walton.

Now our news desk covered the fact that Satoshi Nakamoto is slowly moving toward Jeff Bezo’s number one position and what the price of BTC needs to be to get there. With close to $60 billion in assets, Nakamoto is not yet a centibillionaire and BTC still has a ways to go for the inventor to even come close to Bezos and Musk.

It’s not out of the question to believe that Satoshi Nakamoto can make it to Bezo’s position, as Bitcoin’s inventor held the 157th richest person worldwide position back in October 2020. Being a member of the top 20 wealthiest billionaires is no small task and the mysterious and unknown creator of Bitcoin has accomplished this feat.

Read More: Buy/Sell Bitcoin or Gift Card

Read More: About more than 230,000 crypto traders were liquidated in last 24hrs

Continue Reading

Business

It’s never been easier to start a social network. Succeeding is another story

Published

on

social media startups

(Cbl Business) – Former President Donald Trump lost his most-prized megaphone when he was suspended from Facebook and Twitter earlier this year. Since then, he’s largely stuck with canned press statements instead of social media. But if Trump gets his way, that may change — he’s reportedly planning to launch a brand-new social media platform that presumably won’t restrict his content.

Read More: Tom Brady is launching an NFT company

But Trump isn’t the only one pushing the social networking envelope. In recent months there’s been a noticeable wave of social media upstarts making inroads. Last year the short video platform TikTok hit the 100 million user mark in the United States amid a Trump-led crisis over the company’s Chinese ownership. The audio-focused Clubhouse has benefited from a surge in attention during the pandemic. Sites like Gab and Parler have emerged as havens for conservative icons.So what does it take to launch a successful social platform in the year 2021? The answer is part technical and part strategy, and the breakdown between the two reflects how dramatically different the challenges are for new entrepreneurs nowcompared to the days of Mark Zuckerberg hacking together Facebook (FB) from his dorm room.Back then, the entire idea of social networks was just emerging. MySpace, with its reverse-chronological timeline and friend-centric networking, was the dominant platform. The algorithmically-driven stream of content we’d later come to know as the Facebook News Feed was still years away — and what simple functionality Facebook did offer at the time had to be painstakingly hand-built. The first iPhone hadn’t even been released yet.Despite those technical obstacles, early social networking companies like Facebook and Twitter (TWTR) enjoyed a distinct advantage: They were some of the earliest movers in an entirely open field, making it easy to acquire users and build a massive following.Today, circumstances have flipped. Advances in technology have made it trivial to establish a website and build basic social functionality. But the dominance and clout of major social media companies make it immensely hard to break in and gain staying power, according to entrepreneurs and venture capitalist.

Read More: Best small Business ideas in 2022(Well Researched)

…what is really nice after a shutdown, you come back and you don’t have a barrage of emails or meeting notes that you feel like you have catch up on…”

TEUILA HANSON, LINKEDIN’S CHIEF PEOPLE OFFICER

“There’s not a lot of tech hurdles nowadays,” said Evan Burfield, an angel investor and founder of 1776, a startup incubator based in Washington, D.C. “You would basically go to a platform-as-a-service provider — Heroku on Amazon, or Microsoft Azure with code from Github. If I wanted to hire somebody, I could have a reasonably feature-rich social network up and running in two days. “Anyone who’s used a social media app in the past five years knows what features to expect from a service. Posts, comments, a way to express approval or other reactions, the ability to add photos and videos — by this point, all have become standard offerings. With today’s plug-and-play software, a stripped-down, barebones copycat of Facebook might cost no more than $25,000 to initially build, according to Charlie O’Donnell, the founder of Brooklyn Bridge Ventures, a New York-based venture capital firm. And instead of engineer salaries, the bulk of a new social platform’s costs are now more likely to be recurring fees paid to cloud service providers. The more users a startup attracts, the greater those fees will be. “If you create the next YouTube and now people are uploading videos, it’s the bandwidth costs, the storage costs that could quickly spiral out of control,” O’Donnell said. A simple social networking platform with a small audience might only cost a few thousand dollars per month in recurring expenses, said Burfield. But someone with aspirations for a much bigger platform would have to pay much more. “If you ended up with tens of millions of engaged users,” Burfield said, “then you could easily be paying more than $1 million per month for storage, bandwidth and compute. “Amazon Web Services, which powers some of the internet’s best-known websites, says early-stage startups don’t necessarily have to begin paying right away; the company provides a “free tier” that allows for some usage at no charge. It also provides service credits to eligible startups that can help defray the costs of getting up and running. But an even bigger challenge than building the product is figuring out what product to offer and explaining why your social network is unique and worth users spending the scarcest commodity — time — on. All new businesses face a version of this question. Who’s the audience you’re trying to reach? What is the unsolved problem? How can this innovation lower costs, or provide a richer experience? What’s the niche you serve, and can that create the engagement you need to achieve success? For apps like Clubhouse, the answer rests in the access it provides to Silicon Valley elites — the investors and the founders paving the way for the next Facebook and Google. “Clubhouse was not an out-of-left-field phenomenon that was super surprising,” said O’Donnell. “A lot of the first invites to Clubhouse, similar to LinkedIn, went to venture capitalists and founders. And VCs have now become like mini-celebrities. Everyone wants to join the network where the investors are.”Just having a good idea and the backing of influential investors doesn’t necessarily lead to commercial success, however. After watching Facebook, Instagram, YouTube, Spotify (SPOT) and others increasingly dominate the industry, the biggest problem for would-be social entrepreneurs is figuring out how to siphon users away from the incumbents. On its own, Facebook controls several of the world’s top platforms, including Instagram and WhatsApp. Facebook’s core product has a total of more than 1.8 billion daily users; Twitter, a much smaller service by comparison, still reports 192 million daily users. Any new startup, by definition, would begin with even fewer, and faces the added hurdle of persuading people to change their routines. “Let’s say you get someone to download your app. You literally have one or two or three seconds in which to have something that’s intriguing to them, or they bounce,” said Burfield. Compared to the industry’s early days, he said, “it’s the complete inverse. It’s incredibly easy to build it. It’s not necessarily hard to get people to come. It’s unbelievably hard to get them to stay. “Supposing that a new social media platform can get off the ground, it then confronts a host of linked problems. It needs systems to ensure that any user data it collects is protected, for example. It has to hire lawyers who can vet the platform’s privacy policy and make sure it complies with state and federal and even international regulations, which are on the rise as lawmakers around the world call for reining in the tech industry. Then there’s still the question of financial sustainability and, ultimately, profitability. Sites such as Gab or Parler that describe themselves as a free-speech alternative to more intensively moderated platforms have a clearly defined value proposition — but a hazier path to monetization. Parler has said that its business model will eventually revolve around advertising, but its controversies surrounding political speech — especially after it was kicked off of Amazon, Apple and Google’s platforms — could deter major mainstream brands. Should he launch his own social network, Trump may discover much the same thing, even with his fervent base. “The challenge won’t be creating a social network or even getting millions of people to listen to what he says,” said Burfield. “I think it’s very questionable whether he could build that into a profitable business.”

Continue Reading

Business

Disney sets opening date for Marvel’s Avengers Campus

Published

on

disney marvel avengers campus opening

Soon guests will be able to walk alongside Earth’s Mightiest Heroes when “Avengers Campus,” the new land based on the Marvel franchise, opens at Disney’s California Adventure on June 4.

Read More: Tom Brady is launching an NFT company

The land — which is located at the sister theme park of Disneyland in Anaheim, California — is the company’s latest undertaking at its parks and resorts unit. Disney (DIS) said on Thursday that the land will open a few months after Disneyland itself reopens on April 30. Disneyland and California Adventure have been closed for more than a year because of the coronavirus pandemic.

Avengers Campus opens on June 4, 2021, at Disney California Adventure Park in Anaheim, California. (Christian Thompson/Disneyland Resort)
Avengers Campus opens on June 4, 2021, at Disney California Adventure Park in Anaheim, California. (Christian Thompson/Disneyland Resort)

The new Avengers Campus will be a sprawling new land that will include rides, food and locales all based on the comic book brand. The Campus’ premiere attraction is called “WEB SLINGERS: A Spider-Man Adventure,” which is a 3D ride with New York’s favorite webslinger. The company calls it an “interactive escapade” that allows guests to “sling webs like Spider-Man and experience what it’s like to have super power. “There will also be eateries, including the “Pym Test Kitchen,” which will offer Impossible plant-based meatballs as well as other foods “at unusual scales, including shareable bites, inventive-sized entrees and tiny treats,” according to Disney. (Hank Pym, for those who don’t read comics, is one of the characters who dons the Ant-Man suit, which allows for heroes to change sizes.)"Avengers Campus" will be based on Disney's Marvel franchise (Christian Thompson/Disneyland Resort)“Avengers Campus” will be based on Disney’s Marvel franchise (Christian Thompson/Disneyland Resort)There’s also many of Marvel’s popular locations for guests to explore, including an ancient sanctum with Doctor Strange and Avengers Headquarters. Disney even said Spider-Man will do “flips 60 to 65 feet in the air” above the campus. “We are so excited to soon welcome our guests to Avengers Campus, our first land dedicated to Super Heroes,” Ken Potrock, the president of Disneyland Resort, said in a statement. “Here, our cast members will unite to help guests of all ages find their super powers and create special memories. “The opening of “Avengers Campus” is a big moment for Disney and even a bigger moment for its parks and resort division. Pym Test Kitchen is an eaterie based on the Ant-Man character. (Christian Thompson/Disneyland Resort)
Pym Test Kitchen is an eaterie based on the Ant-Man character. (Christian Thompson/Disneyland Resort)The unit is trying to rebound after one of its hardest years ever due to closures and layoffs caused by the coronavirus pandemic. Much like “Star Wars: Galaxy’s Edge,” which opened in 2019, Disney is integrating another of its most beloved film and streaming franchises into its parks. By doing so, Disney connects its resorts to a blockbuster brand that has made more than $22 billion at the global box office, according to Comscore (SCOR).Josh D’Amaro, chairman of Disney Parks, told CNN Business on Wednesday that “Avengers Campus,” like Disneyland itself, will always be updating and will “never be done.”

Continue Reading

Business

Tom Brady is launching an NFT company

Published

on

Tom Brady is launching an NFT company

The seven-time Super Bowl champion Tom Brady ’43’ is launching an NFT platform called Autograph this spring. It will bring together some of the biggest names in sports, entertainment, fashion and pop culture to work with creators to develop unique digital collectibles, a representative for Brady tells CNN Business. Autograph will also produce NFT’s featuring Brady.

Autograph will also produce NFT’s featuring Brady. Dillon Rosenblatt, co-founder and CEO of Autograph, told CNN in a statement: “Autograph will bring together some of the world’s most iconic names and brands with best in class digital artists to ideate, create and launch NFTs and ground-breaking experiences to a community of fans and collectors. “NFTs, or non-fungible tokens, are pieces of digital content linked to the blockchain, the digital ledger system underpinning cryptocurrencies such as Bitcoin and Ethereum. While those cryptocurrencies are fungible, meaning you can trade one Bitcoin for another identical one, each NFT is unique. The blockchain allows buyers and sellers to verify authenticity and ownership.

A surge of interest has produced some astronomical sales and attracted interest from celebrities. For example, an artwork by digital artist Beeple recently sold for $69 million at Christie’s. Rock group Kings of Leon released their most recent album as an NFT and Twitter founder Jack Dorsey’s first tweet sold as an NFT for $2.9 million.

Brady and entrepreneur Richard Rosenblatt will serve as co-chairs of Autograph. The company has also assembled a high-profile advisory team including Apple SVP Eddy Cue, Lionsgate CEO Jon Feltheimer, Live Nation Entertainment CEO Michael Rapino, DraftKings cofounders Jason Robins and Paul Liberman, Cameo CEO Steven Galanis, Dodgers, Warriors co-owner Peter Guber and DraftKings North America President, Matt Kalish and Dawn Ostroff, advertising business officer at Spotify, among others.Autograph will also have interactive offerings like live auctions, physical product drops and in-person experiences.

And if you’re wondering how much an NFT of the greatest football player of all time might fetch, just look at this past weekend. The most expensive trading card in football history, a Tom Brady rookie card, sold for $2.25 million, beating last month’s record purchase of $1.32 million by FitBit CEO and co-founder James Park.

Read More: 8 fast-growing Business to start in 2022(online Business)

Continue Reading

Business

8 fast-growing Business to start in 2022(online Business)

Published

on

8 fast-growing Business to start in 2022
  • Many of the best small business ideas for 2022 involve an online business model.
  • Choose a business idea that you are knowledgeable and passionate about.
  • Before starting a business, determine if there is a demand for what you want to provide.
  • Many of the best small business ideas for 2022 involve an online business model.
  • Choose a business idea that you are knowledgeable and passionate about.
  • Before starting a business, determine if there is a demand for what you want to provide.
  • This article is for anyone looking for an idea to start a business.

Here are the 8 fast-growing Business to start in 2022

  • Freelance copywriter:

If you’re a natural wordsmith with a bit of marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, web content or press releases, plenty of companies will pay for your services. You can increase your value by bringing SEO knowledge to the table to help your clients craft a strategy to attack specific keywords that their target audience is already using in their online searches. Most freelance copywriters charge $40 to $50 per hour, but those with expertise in a given vertical could charge even more.

Freelance copywriting is a great business to run, because as long as you have an internet connection, you can work. It’s a business that you can operate from the comfort of your own home, or even from the road if you travel. If you establish a large enough network and gain referrals from satisfied clients, you could even make freelance writing your full-time job.

  • Digital marketing: The importance of the internet grows with every passing day, making it harder all the time for businesses to cut through the clutter and properly market themselves. Digital marketing services are always in demand, and many small and midsize companies would rather outsource it than establish a costly in-house team. If you’ve got chops in SEO, content marketing, pay-per-click, web development or social media management, you could have a business opportunity that allows you the freedom to work from home.

Digital marketing is an important part of a brand, so it’s critical for you to respond to developments in your clients’ marketing strategies. Social media management entails watching for comments and messages around the clock, not just scheduling posts in a “set-it-and-forget-it” mindset. If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you. You may also consider becoming an affiliate marketer, which is another form of digital marketing.

  • Artificial Intelligence: Artificial intelligence is a broad and general term that refers to any type of computer software that engages in human-like activities, including learning, planning and problem-solving. Artificial intelligence today is properly known as narrow AI (or weak AI), in that it is designed to perform a narrow task (e.g. only facial recognition or only internet searches or only driving a car). However, the long-term goal of many researchers is to create general AI (AGI or strong AI). While narrow AI may outperform humans at whatever its specific task is, like playing chess or solving equations, AGI would outperform humans at nearly every cognitive task.

Real estate agent: For many people, navigating the housing market is overwhelming. As a real estate agent, you can help people find the home of their dreams at a price that fits their budget. In many states, you simply need to complete a few months of classes and pass an exam to qualify as a real estate agent. Even with a certification, you’ll get nowhere without basic people skills, so if you’re not a people person, this might not be the route for you.

  • Business Coach: United States unemployment rates are at an all-time high.

Businesses that have managed to say afloat want to stay in the black.

With a recession rivaling that of the Great Depression, business owners are turning to a business coach.

A professional to not only hold them accountable but build actionable strategies to maintain profitability.

The business coaching market experienced a revenue increase at an annualized rate of 3.4% from 2015-2020 and is projected to grow 1.1% by the end of this year, exceeding a $14 billion industry revenue.

Business coaches are retained to help business owners clarify their vision and create a blueprint for getting them there.

From leadership and management training, information technology seminars, and customized consultations, the goal is professional development.

  • Graphic designer: Corporations, small businesses and sole proprietors all need eye-catching promotional materials, but not nearly everybody has an eye for what looks good. If you’ve got an artistic streak and know how to organize content into a visually pleasing format, you can start a graphic design business to provide flyers, digital ads, posters and other engaging visual materials. Graphic design also has the benefit of requiring few physical tools beyond a laptop and a desk.
  • e-Commerce 

The world as we knew it is no longer.

Everything is moving online, and for business owners, you either need to pivot or run the risk of being left behind.

US consumers will spend over $709 billion on e-commerce this year alone, representing a growth rate of 18% and slated to hit $4.9 trillion by 2021.

E-commerce is the retail markets tomorrow.

With rapid advancements to technology-think smartphones, social media platforms, websites-interactive experiences-including shopping are online.

The beauty of e-commerce is that you don’t even need to make or own the products you sell.

You can utilize dropshipping. But in 2022 it wont be very Profitable (According to statistics)

Alternatively you can opt to become an affiliate.

Hit up sites like invisibledefender.com and sell B2B or B2C using your website and e-commerce store as a selling platform.

The financial benefits of harnessing e-commerce are staggering.

  • Online Car Dealership:

People are always going to need cars (even if they’ll be flying to work on their jet-pack in the next twenty years).

But the car-buying process as a whole has made a dramatic shift.

The thought of visiting a car lot, chumming it up with a sleazy car salesman, and wasting hours without the guarantee of driving away in something– yeah, I wouldn’t want to do that either.

With the click of their mouse, users are able to view inventory, inquire more about cars they’re interested in, apply for financing, and then the icing on the cake– their brand new car is delivered straight to their home.

If you think people would hesitate, the numbers are surprisingly astounding with a Washington Post article claims that over 53% of consumers would feel comfortable purchasing a car entirely online.

car dealership photo

Online Currency Exchange: In 2018, global travel and tourism generated $8.8 trillion, which was greater than the growth rate of world GDP.

More people jetting off somewhere on a plane means a greater demand for currency exchange.

Yes people, America isn’t the entire world so that means American dollars are pretty useless in the international sphere.

The money in currency exchange comes from the fees you charge clients for your service, backed by a trusted partnership with a bank. 

Using this leverage, you’ll need to create a website for your business and secure specialized software.

  • Content Marketing: Content marketing is a strategy that involves using blog posts, videos, emails and other web content to attract and retain customers. It is a relatively new field that’s evolving every day, which makes predicting the future of content marketing very difficult.

SEO has and always will be an important part of content marketing. Having said that, the future of SEO will rely less on technical signals and more on authority and social signals both of which require brands to produce more relevant, useful, entertaining and inspiring content.

Continue Reading

Business

How to make 10,000usd/month (Online Business)

Published

on

How to make 10,000usd/month

How to make 10,000usd/month (Online Business). Nobody wants to be poor we all wanna make it in life someday.

We are giving out ways and methods on how How to make 10,000usd/month with online business.

We are also going to be giving you this methods and ways with successful people experience, if they can do it trust me you can do it to, even better, it all about self-confidence.

All you have to do is keep note on these things and practice it regularly.

How to make 10,000usd/month (Online Business)

Sell Things You Make: If you are creative and have a gifted pair of hands, you can make extra money selling handcrafts. This can be anything from folklore items related to your location or origin, or even art, paintings, or souvenirs. You can start by listing your handmade items on Facebook and test out the demand. 

You can also go to Etsy, which is the most popular marketplace online, where people sell their handmade items, whether it’s physical goods or digital printable PDFs of your design. This can quickly add up to your monthly income and start generating a steady stream of revenue.

Top Etsy sellers make $10,000 per Month or more. The top Etsy seller in the US, PlannerKate1, has had over 1.2 million sales since opening.

Read More: Top 4 Business to invest and become a multi-millionaire

Blogging: I started this blog back when I was only 19 years old. It was initially a fun hobby in my free time that eventually blossomed into my full-time job.

If you’re wondering how I make money on this blog, it comes from affiliate marketing, sponsored posts, ad revenue, and selling my own products. It’s a lot of fun, but running a blog is also a full-time business with a lot of work. 

Blogging has been one of the hardest jobs I’ve had and it’s not for everyone. I essentially worked for free for a long time and have to try out new things to see what works. I thought about quitting my blog many times, but I’m happy I didn’t because now I’m a full-time blogger (still crazy to me!).

I even made $80,000 my senior year of college (that’s me in my first major feature by Forbes). I work from home, spend time with my family and dogs, and I get to take my family on nice trips and donate to my favorite charities. I’m even working on building a second blog to bring in extra income. I’m so excited to have 2 blogs that make a lot of money.

If you think blogging is something you’d like to do, you can start a blog today for just $2.95/month. It’s easy, painless, and takes less than 20 minutes to start a blog of your own. BY  Alexis CEO and Founder of fitnancials.com

Freelance Hustle: It’s a great time to be a freelancer! There are so many opportunities out there to earn money online, it is mind boggling. If you have any type of skill, from writing, to analytical, to finance, there are likely jobs you can do online and get paid for it.

Turn Ideas Into Products: Enjoying unique yet bizarre t-shirts? Do you like current marketing and enjoy hot ideas? Utilize your skills to make recurring revenue by producing t-shirts, pillows, mugs, and other trendy merchandise. We are not talking about mere printing, bulk orders, nor dealing with inventory. Create an online store or use free stores like Amazon and you are good to go.

BLOCKCHAIN: Have you heard about cryptocurrency? Blockchain can be termed as the building blocks of the cryptocurrency. This is one of the most demanding skills and is getting high prominence because of the introduction of new cryptocurrencies in the market and the high involvement of people in the existing ones too.

You can even expect to be paid in cryptocurrency if you have the Blockchain skill. You can acquire it through some of the online courses that exist on different platforms. But before you get into this field, make sure to check the laws of your country as cryptocurrency, and the skills dealing with it are banned or aren’t included in the legal source of income.

You won’t be looking forward to earning money and then get it confiscated by the government because of its illegal source.

Continue Reading

Business

Dropshipping is a bad 2022 business idea (Here’s why)

Published

on

Dropshipping is a bad 2022 business idea (Here's why)

What’s Dropshipping? is dropshipping a bad 2022 business idea?.

Drop shipping is a form of retail business wherein the seller accepts customer orders but does not keep goods sold in stock. 

Dropshipping is a hot cake! by 2022 it gonna be a cold cake. Everybody wants to venture into dropshipping business because the capital is really small, all you have to do is use websites like Oberlo and shopify to create online store and start selling manufacturers products, you don’t need to hold any stock, just find customers interested in what you sell in your online shop.

There was a time I was so obsess with this online store of a thing, i created shops online i started selling Men and Women wears, because fashion never stops trending. But trust me that never worked out, it did not work out for me, that doesn’t mean it won’t work for you, but i wanna advice you because business is for better for worst, we don’t want after you venture into dropshipping and spend all your money in ads, email marketing, hiring professional and paying them huge amount of money you’ll start to regret why you ventured into such business.

Read More: God alone is the solution

Dropshipping is a bad business idea in 2022.

People like me prefer walking to super stores and buy whatever i wanna buy, because I get to check the expiry date, i can return it back to the store if there is any fault, not for online stores. There was a time I ordered something online it had fault so I called the Company Jumia.ng i wanted to return the product, i filled the return form till today they haven’t replied me. This is what people consider before shopping online especially from second party stores, if you’re out for the money you feel dropshipping is gonna make you a millionare overnight, that’s funny because you’re wrong , dropshipping is not a get rich quick scheme because there are lots of drawbacks and obstacles you’re just taking risk for another person product.

Read More: Best small Business ideas in 2022(Well Researched)

so let me get to the point, Dropshipping is a bad 2022 business idea (Here’s why), the vast majority of US retail sales, 92%, still happen offline. That’s right – ecommerce’s huge, crazy, insane growth still only represents 8% of the total online retail market. fact

16.9% said shopping offline helps protect their privacy

6.5% of consumers prefer offline due to easier/cheaper returns like I said

30.8% said they want to see or feel products in person.

This is statistics and it is what really affecting buyers, there are lots of online store and somany of them have gotten all 95% of customer interest like Amazon, Alibaba, Ebay, Jumia.ng, Konga.com. Even when offline buyers feel like buying online they go to these companies they can trust.

Dropshipping is a bad 2022 business idea (Here’s why)

Selecting the Wrong Niche

The first reason for the dropshipping failures is because of the wrong niche selection. A friend of mine wanted to target US traffic with one of his dropshipping stores. He chose a niche clothing line and started promoting the products in the USA. Too bad, he didn’t even receive a single order. (Another person experience)

High Prices of Dropshipping Products

Most of the visitors of a dropshipping store will search for the same product at another store just to compare the prices. This is because customers are now aware that most stores are selling the same products so they can easily get better deals elsewhere. If they think they can get the same product at a low price somewhere else, then they will leave the store, so dont go for low profit competition, go for businesses worth your time and compete.

Read More: 10 Organic ways to boom your Business

Picking an inappropriate stage

Business owners often think that its overwhelming to choose a dropshipping stage. There are several different approaches you can take: creating your website on a hosted stage, creating a seller account on an e-commerce site like Amazon or eBay, or creating your own dropshipping website. On the off chance that you choose one of these haphazardly without weighing your alternatives, you’re likely to face hurdles en route like reduced customer turnout and eventually poor revenue.

Inefficient customer support

Like in every other business model, customer support assumes a critical role in dropshipping. First-time sellers tend to assume that once a sale is made, the customers are no longer on the up and up. However, while you realize that it’s your suppliers who handle the items by then, your customers don’t have the foggiest idea about that. So in the event that they have a problem with the nature of the item or the shipping time, they’ll approach you.

Not giving sufficient resources for your customer support will sabotage your online reputation and can eventually lead to the destruction of your business. In the event that you don’t respond to customers’ questions and grievances, whether they’re sent through private channels or open stages, they won’t have any desire to purchase your items once more.

Read More: Most successful Online Business idea(2022)

Continue Reading

Business

Paypal now allows payment through Bitcoin

Published

on


Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said

The offering made PayPal one of the largest mainstream financial companies to open its network to cryptocurrencies and helped fuel a rally in virtual coin prices

PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said.

The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said.

“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters ahead of a formal announcement.

Checkout with Crypto builds on the ability for PayPal users to buy, sell and hold cryptocurrencies, which the San Jose, California-based payments company launched in October.

The offering made PayPal one of the largest mainstream financial companies to open its network to cryptocurrencies and helped fuel a rally in virtual coin prices.

Bitcoin has nearly doubled in value since the start of this year, boosted by increased interest from larger financial firms that are betting on greater adoption and see it as a hedge against inflation.

PayPal’s launch comes less than a week after Tesla Inc said it would start accepting bitcoin payments for its cars. Unlike PayPal transactions where merchants will be receiving fiat currency, Tesla said it will hold the bitcoin used as payment.

Still, while the nascent asset is gaining traction among mainstream investors, it has yet to become a widespread form of payment, due in part to its continued volatility.

PayPal hopes its service can change that, as by settling the transaction in fiat currency, merchants will not take on the volatility risk.

“We think it is a transitional point where cryptocurrencies move from being predominantly an asset class that you buy, hold and or sell to now becoming a legitimate funding source to make transactions in the real world at millions of merchants,” Schulman said.

The company will charge no transaction fee to checkout with crypto and only one type of coin can be used for each purchase, it said.

Continue Reading

Business

Best small Business ideas in 2022(Well Researched)

Published

on

Best small Business ideas
Professional Blogger: Essential Skills Required To Become A Blogger

Are you planning to start a small business? Do you have a small business but you are not making enough money to cover your bills and live the kind of life you want?  Best small Business ideas

2021 is almost running out, wow! though it going well compared to 2019. Thank God somany small businesses are recovering rapidly.

Like i said are you planning to start a small business?, but you don’t know any business that is profitable. Probably you’ve heard of different cool business with low capitals and you feel when you jump in you’ll ride on like drop-shipping. Here, when you are planning on any thing investment or starting up a business don’t put all your egg in one basked (Your mind in one thing), try researching, ask people, read trusted blog posts like this one, go to business tycoons in your local areas build good relationship with them and after sometime throw questions at them. When i was working on this post i checked the best keywords to use, i saw a very high volume (4000%) People searching for best business to start in 2021, that means when 2021 is over they’ll have to start another small business in 2022, funny right? .

Reading: Best small Business ideas in 2022(Well Researched)

Read More: Most successful Online Business idea(2022)

Here is my advice. Look out for a business that will profit you your entire life-time, I know of a man (Kola Adewale) that started a food business and today he is a multi-millionaire, he new that was the most profitable business for him, he knew people in Nigeria enjoyed eating in fast food he started the business employed marketers to promote his business Check out this interview with him today he is doing really well “The Place Restaurant” It one of the Biggest in Nigeria.

Reading: Best small Business ideas in 2022(Well Researched)

Read More: 10 Organic ways to boom your Business

Read More: God Loves me! This is how I know

Digital Marketing might not be for you, so dont force yourself into digital marketing.

some people pour their money into promoting digital products, at the end of the day nobody buys the product.

When people click they don’t come back until the cookies expire. Be Wise think ahead of time not within or present, if you notice this is just March, I’m the first blog to release Best small Business ideas in 2022, while others are still plaining to start writing Best small Business ideas in 2021.

Read More: Top 4 Business to invest and become a multi-millionaire

Im about giving you business ideas that will profit you now and later, try Jot them down or bookmark.

Best small Business ideas in 2022(Well Researched)

  1. Catering/Food Services: A catering and Food business can be wildly successful, enjoyable and fulfilling. In this business, you’re able to please clients while indulging your love of food and people. … If you love food and love making sure that clients get exactly what they asked for, then choose to start a catering business
  2. Property Maintenance: Property Managers According to Glassdoor, one of the world’s largest job and recruiting sites, the national average property manager salary in the United States is $54,183/year as of July 2019. The typical pay range falls between $36k at the lower end and $79k at the high end. It a very nice business to indulge in.
  3. Marketing Services: If you love marketing and want to start a marketing agency, then you’ll be killing two birds with one stone, because marketing is a very successful industry that could bring you a lot of profit and revenue. If you like variety in your work, then marketing is a great career option. You could be optimizing a website in the morning, sending email campaigns before lunch, then working on content and meeting new technology companies later in the afternoon.
  4. Blogger: A few years back, blogging was just another hobby that some people did in addition to working full-time jobs. Today, blogging still functions in that way, but a lot has changed. In 2021, blogging has become a profitable online profession and people at large start a blog to get into this noble profession, and by 2022 it will get hotter.
  5. Social Media Consultant: All Company and Business need a social Media Consultant. Because that the best way to make their business known, even here in Cbl Media we use assistance from Media consultants, I was amazed when my younger brother showed me his natural social Media skill by bringing hundreds of followers to Cbl Media Instagram page, I had to make a deal with him, if he hit a particular target I will employ him to be a part of Cbl Media Team.
  6. Web Designer: If you have knowledge or experience in web design, you can offer your services to clients and build your own business as a web designer.
  7. Social Media Influencer: Influencer marketing employs leading, niche content creators to improve brand awareness, increase traffic, and drive your brand’s message to your target audience. These content creators already market to your ideal audience across different channels which allows you to expand your reach across your buyer personas. The average influencer can take home anywhere from $30,000 to $100,000 per year by promoting products like clothing, food, hotels and even vitamin supplements on their pages. User with more than 1 million followers can make more than $100,000, or even up to $250,000, per sponsored post, according to a 2018 Vox report. Hot Cake. Grow your social media profile and you will be killing two bird with one stone.

Conclusion: Hope you are Good if have another good business idea please drop it there on the comment box , it part of helping others. Don’t be afraid to start one of this business. You wont know until you take a step, says, TimothyO.U Ceo of Cbl Media,.

Continue Reading

Business

About more than 230,000 crypto traders were liquidated in last 24hrs

Published

on

about-more-than-234300-crypto-traders-were-liquidated-in-last-24hrs

The crypto market lost more than $120 billion in the last 24 hours after Bitcoin dropped nearly 10%. The world’s largest cryptocurrency jumped above $61,000 on Sunday. The recent volatility in the crypto market has caused the liquidation of billions of dollars worth of long cryptocurrency positions. According to the latest data published by crypto analytics firm Bybt.com, nearly $2 billion worth of long Bitcoin positions got liquidated in the last 24 hours. The overall liquidation number for long crypto positions stands at around $2.52 billion. Bybt.com mentioned that a total of 234,300 traders were liquidated in a single day as the biggest Bitcoin liquidation order happened on Huobi with a value of $18.94 million. The world’s second-largest crypto-asset Ethereum saw the liquidation of nearly $250 million worth of long ETH positions.“In the last hour alone, nearly $500 million in Bitcoin longs got liquidated, this is a historic level. There is excess greed in the system, with 60% of contracts levered 20 times or more. Long liquidations are an artifact of the current bull market,” Jan & Yann, the co-founders of Glassnode mentioned on Twitter yesterday.Volatility in BitcoinHigh leverage and extreme crypto volatility are playing a major role in the liquidation of long and short cryptocurrency positions. The volatility in the crypto market is higher than in the stock market. JPMorgan, one of the leading investment banks in the world, recently published a research note and mentioned that the extreme volatility in Bitcoin is a massive issue for large organizations . Crypto traders around the world are leveraging their positions to take advantage of the trading opportunities but high leverage is accelerating the liquidation as well.The world’s largest crypto asset saw a dip in the last 24 hours after registering an all-time high earlier this week. As of writing, Bitcoin is trading near $53,500 with a total market cap of more than $1 trillion. The market dominance of BTC dropped from 62% to 60.5% within a single day.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Trending