Reading Time: 4 minutes Every business, from newly started to those who have been in the game for a long period, needs a strong financial management system. A business bank account is a key part of this system. Keeping your company’s money aside in a separate account helps you stay organised, appear professional, and much more. Setting up a […]
Reading Time: 4 minutes Keeping customers engaged and encouraging them to return after purchase is crucial for any business in Nigeria’s competitive market. While closing a sale is rewarding, the real challenge lies in building long-term loyalty. Retaining customers is often more profitable than acquiring new ones, as loyal customers provide repeat business and are more likely to recommend […]
Reading Time: 5 minutes In today’s increasingly digital world, having an online presence is no longer an option for a small business in Nigeria—it’s a necessity. The benefits of opening an online store extend beyond just selling products; they include expanding your reach, reducing operational costs, improving customer engagement, and boosting sales. As consumer behaviour shifts towards online shopping, […]
Reading Time: 4 minutes Black Friday offers a fantastic chance for small businesses to increase sales, clear out old stock, and draw in new customers. However, to make the most of this opportunity, it’s essential to have a clear strategy in place. With the right planning and approach, your small online store can thrive during this busy shopping period. […]
Reading Time: 3 minutes As a business owner in Nigeria, securing the right funding is essential for your company’s growth and sustainability. Whether you’re launching a new venture, expanding an existing business, or navigating unexpected challenges, understanding your funding options can help you make informed decisions. In this article, we’ll explore various funding sources available to Nigerian business owners, […]
Reading Time: 4 minutes Introduction Customer retention is important for the survival of any small business in the long term. While the process of acquiring customers is important, it has often been found that retaining existing customers is much more economical and profitable than retaining them. Here are some comprehensive strategies to enhance customer retention and build lasting relationships […]
Reading Time: 4 minutes Introduction In today’s rapidly evolving digital world, growing an online store requires a combination of strategic planning, innovative thinking, and effective execution. As we move towards the end of 2024, e-commerce continues to be a highly competitive arena, with new technologies and trends shaping the way businesses reach and engage their customers. If you’re […]
Reading Time: 5 minutes Introduction Understanding the performance of your business is crucial for its success and growth. It demonstrates your progress, highlights areas for improvement, and guides you in making informed decisions. These five key reasons highlight the importance of monitoring your business performance: Financial Insight To achieve success, it is crucial to have a comprehensive understanding of […]
Reading Time: 3 minutes Introduction In today’s digital age, it has become important to sell online effectively. Social media has proven to be one of the various ways to reach a wider audience, engage customers, and drive sales, it has become an indispensable tool for every merchant. However, utilizing social media effectively is more than just creating an account […]
