Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / MLM or Scam? How to Tell the Difference Before You Join

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MLM or Scam? How to Tell the Difference Before You Join · Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint

0:00
Hello and welcome to the podcast today.
0:04
Apologies, there's going to be some noise in the background
0:06
because it's a Tuesday and the house is being cleaned at the
0:10
moment. So today what I want us to look
0:14
at is some hard ways of making money in Nigeria.
0:17
Now, the reason why we are looking at that today is because
0:21
over on the radio show, that's not this podcast because I have
0:25
a show on terrestrial radio, Radio Maria 91.3 FM, Abuja.
0:31
Don't bother trying to find it except if you're in Abuja,
0:33
Nasarawa, Niger State, you know, people who are close, you know,
0:36
can hear it but not the rest of you who are listening from, you
0:39
know, Lagos, Singapore, New York, you know, wherever you
0:43
are. So I got a call 2 weeks ago from
0:48
this chap if I, and then another fellow called Gideon and then a
0:52
couple of people called and then, you know, it's been on my
0:55
heart since then that lots of Nigerians and I put it like
1:00
we're trying to hammer, we're trying to blow yes, because
1:03
everybody's trying to blow myself, I'm blue.
1:05
But The thing is a lot of us are picking the most difficult ways
1:11
to make money because they have the promise or the allure of
1:14
being easy. And so that's one thing I spoke
1:17
about on the radio show that I want to talk about here today,
1:20
because definitely I know that there's one or two of you who
1:22
are also checking head inside this kind thing because you
1:27
know, I was interviewing for sorry, not interviewing.
1:30
I was on an interview panel for one of my clients who's trying
1:33
to hire a new sales team. And you know, so far like one or
1:38
two people clearly have passed through who are in multi level
1:42
marketing or in the pyramid scheme, depending on, you know,
1:47
sometimes somebody says it's multi level marketing.
1:49
By the time you push, you now see that this is our pyramid
1:51
scheme. So those are two ways that
1:55
people try to make easy money, good money in Nigeria.
1:58
But honestly, there's some of the hardest things you can do,
2:00
multi level marketing, some of the hardest things you can do,
2:03
pyramid scheme, some of the hardest things that you can do.
2:07
Then of course on the radio show, I also spoke about how you
2:09
can get your money back if you have put money inside multi
2:13
level marketing and if you have put money inside a pyramid
2:16
scheme. So these are some of the things
2:18
that we're going to talk about today in this particular
2:21
episode. So multi level marketing is, to
2:25
be honest, it's a normal business strategy, it's a normal
2:28
go to market strategy, it's a normal sales strategy.
2:31
And the whole idea is to introduce your product into the
2:35
into the public. You're going to use
2:36
distributors. So that's what multi level
2:38
marketing is. So let's say I have a product
2:41
that I want to sell, let's say electric kettles, and I form my
2:44
company, Tavishimas Electric Kettles Incorporated.
2:47
Then I go and train a bunch of people who are going to sell
2:52
kettles on my behalf. Then they invest money in the
2:57
inventory. I train them, so they invest
2:59
money in the inventory, so they buy the kettles from me.
3:02
Then they go and sell the kettles and then they get to
3:06
keep a share of the profits or a share of the commissions.
3:08
Now anybody who becomes really good at that kind of thing can
3:11
go and recruit other people to sell on their behalf, sell
3:18
underneath them. And depending on how we set up
3:20
the arrangement, you know, they get a Commission from the people
3:24
who are selling for them. And I am getting a Commission
3:27
off of, you know, everybody in the chain below me.
3:31
So multi level marketing is nothing new.
3:34
Excuse me? There's a genuine go to market
3:37
strategy. There's a genuine sales
3:38
strategy. And in fact, Mary Kay, that's
3:41
how the company Mary Kay is built on.
3:42
For those of you men who are listening to the podcast, you
3:44
have no idea what Mary Kay is. Or for the women who listen, I
3:47
mean, I mean, they know even though Nigerians don't like to
3:51
use Mary Kay. So Mary Kay, American woman, I
3:54
think, yeah, I think she was American and that's how her
3:57
beauty empire was built. And it's a multi billion dollar
4:02
business still alive till today. It's a multi level marketing
4:05
thing. One person brings another person
4:09
in, they train the person, that person becomes a distributor
4:13
eventually. Distributors have people
4:16
underneath them. You know, that's your downline,
4:18
everybody taking the chain of everybody's sales.
4:21
And it's supposed to motivate people to sell harder and sell
4:24
better. So it works, it's genuine, it's
4:28
real, it's real. So don't be afraid.
4:30
It's real if you find the real company.
4:33
But I'm sure you've noticed a couple of things that will multi
4:36
level marketing actually sales motions that is going on.
4:39
It actually is something that people are buying and people are
4:42
selling. Please take note because that is
4:46
going to come in later. While we're trying to
4:47
differentiate between the multi level marketing scheme and the
4:50
pyramid scheme. Then one of the reasons why
4:54
multi level marketing is one of the hardest things you can do is
4:56
because when we're coming into business, a lot of us are trying
4:59
to come into business because we're trying to sell something.
5:02
You're trying to sell web design, you're trying to sell
5:04
wedding photography, you're trying to sell solar services,
5:07
you're trying to sell architecture, you're trying to
5:09
sell your chickens. You're trying to sell whatever
5:11
it is. We're all trying to sell
5:12
something. Now selling something is hard
5:14
enough as it is, but you can see that it is part and parcel of
5:18
the multi level marketing process that you have to recruit
5:22
people. So you see now we now have to
5:25
become skilled at recruiting people, looking at someone,
5:30
vetting talent, is this person talented enough vetting Dr. and
5:33
ambition. Then we also have to become
5:35
skilled at training people because yes, you bring the
5:39
person into the fold and there'll be some training.
5:41
But then once in a while you would recall your downline to
5:43
say how far now what's going on? You know, I'm not seeing sales
5:47
like waiting to happen, blah, blah, blah.
5:48
How can I support you? All those conversations, you
5:51
have to be having all those conversations too.
5:53
So you can see that for somebody who's coming in new to the
5:56
business, you're picking three very hard things to do.
6:00
Selling in itself is hard. OK, no problem, you're doing it.
6:03
Next thing, managing people immediately.
6:06
You're now becoming a manager. Managing is hard now.
6:09
OK then training people like were you born a trainer?
6:13
Have you gone for training classes?
6:14
Who has taught you how to be a trainer?
6:17
It's a lot. It's a lot for a first timer.
6:20
So for those of you who really, really want to hammer, like
6:23
multi level marketing is good because you learn a lot about
6:26
yourself. You learn how to do time
6:28
management, you learn presentations, you learn
6:30
proposals, you learn negotiations, you know, you
6:33
learn a whole host of things, but Amour is hard.
6:37
Is this your first time? It's hard.
6:40
You picked a very hard route just selling your, let's say you
6:45
graduated from architecture, just setting up shop and trying
6:48
to be an architect and trying to sell your architectural
6:50
services. I honestly think you stand a
6:52
better chance of building a successful architectural
6:55
business, you know, first round than to say you're going to go
6:57
and do multi level marketing. It's hard, but of course
7:02
Nigerians are drawn to it because of the prospects of
7:05
growth. The whole idea that you'll be
7:07
taking money from somebody's commissions.
7:09
So if you build a down line of five, the five build a dine line
7:12
of 10, maybe the 10 build a down line of 15, the 15 build a down
7:16
line of 26, the 26 build a down line of 100.
7:20
The thought of collecting Kabul, Kabul, Kabul Commission
7:23
Commission on top 100 people and you know that's the thing that
7:28
is catching people's you understand as in as making your
7:32
eye big, making your eyes shine. But it's a hard game.
7:36
So for those of you who are trying to run two things now
7:40
listening to this podcast, you graduated from hockey, you're
7:44
saying you want to do the setup on architecture agency, no
7:49
problem. But on the side you want to be
7:50
doing multi level marketing. Please stop deceiving yourself.
7:54
Multi level marketing is hard. If you want to do the multi
7:57
level marketing thing, forget your dreams of being a or
8:01
building an architecture agency, forget the architecture agency
8:04
and then throw yourself into this multi level marketing
8:07
thing. 100%. If you're struggling with this
8:10
multi level marketing thing, you know, I understand the pressures
8:13
of managing people, managing inventory because you will be
8:16
managing inventory. So back to the example, my
8:19
company, Tavishyamas Kettle Kettle Electric Kettle
8:22
Incorporated, you have bought 100 kettles from me.
8:25
You have to manage inventory. Where are you going to store the
8:28
kettles then delivering the kettles, you know, to your
8:31
downline who are going to be buying the buying the kettles
8:37
off of you. So inventory management, when is
8:39
somebody coming to pick off? When are you going to drop down
8:41
And look, the work is plenty. There's easier ways to make
8:44
money. I beg easier ways.
8:47
And I'm glad that people who are listening to the radio at the
8:50
time called in somebody called to say hi.
8:51
He was making money off of pure water, pure water nylon or more.
8:57
I'm telling you that the benefits I've had from this
9:01
podcast and the radio show being exposed to Nigerians from
9:07
different socio economic classes, different tribes,
9:10
people making money in different ways like pure water nylon, I
9:13
never would have thought So what the guy does is he goes and
9:17
collects pure water nylon whichever way he can.
9:19
Then he goes to Jabi. Jabi is a is a district here in
9:23
Abuja. Then in that district, there are
9:26
people who take this pure alta nylons and then they melt it
9:31
down into pellets. Then people come from Kano and
9:34
buy the pellets because they use the pellets as raw materials to
9:37
make nylon bags. And yes, I know this part as a
9:40
for a fact because I served in Kano.
9:44
That's back when I was a lawyer. For those of you who listen
9:46
regularly, you know that I'm a former lawyer.
9:48
So where was I? So that's why I, I served and I
9:54
spent some time as a lawyer. Now my Olga in the law firm that
9:58
I used to work, one of our biggest clients used to sell
10:00
nylon. Lebanese gang used to produce
10:03
nylon. And I'm surprised because you
10:06
know, these Lebanese guy who could be kind of rude sometimes,
10:08
but the guy get money, guy gets 0 bar, you know, children
10:11
screaming abroad, all that kind of thing.
10:12
And every time the guy you know, comes, we do something for him.
10:15
Millions, 1,000,000 millions. So one day now after we picked
10:18
up like 7 point something million.
10:22
Because, you know, back then when I was surfing, you know,
10:23
all this wireless transfer was not, you know, you didn't used
10:27
to do transfer, transfer, transfer like that.
10:29
And so it was was Cash, Cash, cash.
10:32
You know, if somebody wants to say to you, they'll give you a
10:35
check or they'll come to your office and Graham here's your
10:38
cash, the rest is up to you. So on.
10:41
Then after we picked up 7 points thing and I asked my guy like
10:44
what does this guy do stuff? He says he said nylon and
10:47
bathroom sleepers. I said sorry Sir, I didn't hear
10:49
you correctly. He repeated it.
10:51
He said he guy makes nylon and the guy makes bathroom slippers.
10:55
And I said how? Sir?
10:56
The guy said look around you who doesn't have bathroom slippers?
11:01
Is there anything click? And then he said, look in the
11:04
market who doesn't use nylon bag?
11:06
Is there anything clicked? Now there's some ways of making
11:09
money. There are people who make money,
11:11
you know, big, big, big. And then you have few customers,
11:15
you know, like you're charging 1010 million, but maybe during
11:19
the year you only have four or five clients.
11:21
Then the other businesses where you're collecting cobra, cobra
11:25
cover from people, but then billions of people are using it.
11:28
So that's like the profit model for bathroom sleepers and and
11:33
nylon bag that you use in the market.
11:35
So I know that this industry goes on and that there are
11:39
producers in Kano. Funny enough, when I was in
11:42
Kano, Nepal was really bad and power is a huge part of this
11:46
industry. So everybody used to run a
11:48
generator. So sometimes I wonder, like, you
11:50
know, you guys are smart, it's a good business model, but that
11:52
you have to pick Kano, the one state in Nigeria that has
11:56
terrible power supply and hopefully things have improved
11:59
in Kano. So yeah, so the guy called and
12:03
he told me that that's how he is making his own money.
12:06
Pure water nylon. Pure water nylon.
12:09
Yes, you will help me correctly. Pure water nylon.
12:12
So basically people called in to say, yeah, there's a way to to
12:17
make money and this multi level marketing thing that you're
12:20
trying to describe. So now what's a pyramid scheme?
12:23
This pyramid scheme is similar. But what happens is all the
12:26
focus is always on recruit people.
12:29
Recruit somebody, let them come for the meeting.
12:31
When they come for the meeting, they pay their dues or they do
12:33
their this, they do their that. And then everybody gets paid a
12:37
certain percentage from the money that new person dropped.
12:40
So one person brings in two people, the two people drop
12:43
money, the two people bring in four people, the four people
12:45
drop money, the four people bring 8, the eight people drop
12:48
money, the 8 brings 16, the 16 drop money.
12:50
And everybody's getting a is a Commission on each other
12:53
person's head. So this is the main difference
12:57
between the multi level marketing scheme and the pyramid
12:59
scheme. When you hear multi level
13:02
marketing, buying and selling is involved, you can't separate the
13:05
two. It's like Mary Kay for Mary Kay.
13:09
When you go for meeting, it's not just recruit, recruit,
13:11
recruit. It's also a matter of we have
13:13
lipstick, we have eyeliner, we have powder, we have eyeshadow,
13:18
we have this, we have that. They're selling things.
13:23
They're calling you for meeting. You will sit down, you talk
13:26
about progress, you pay your dues and everything.
13:28
You talk about financial, this financial that, you talk about
13:30
the secret, the eternal wealth and everything.
13:33
But the end of the day, money is moving.
13:35
How is this money moving? I don't know.
13:38
They paid me a Commission. How did I get paid a Commission?
13:41
I don't know. Are we selling something here?
13:43
Are we investing? I have no idea.
13:46
My own is just. I show up for meeting and then I
13:49
invite people and people show up for meeting.
13:53
Where's the value coming from? I don't know Where's the value
13:55
going to? I don't know if you're listening
13:59
right now. You've attended this guy meeting
14:02
last week, two weeks. Please go and check on you could
14:05
be in the pyramid scheme and let me let me let you know the bad
14:09
news here. Pyramid schemes unfortunately
14:12
can't go on forever because these things are growing at is
14:16
it geometric rate 1 to 2/2 to 4/4 to 6/4 to then just not
14:20
enough people in the world to support the pyramid scheme.
14:23
It's mathematically impossible. So the pyramid always has to
14:28
collapse. Always.
14:29
Definitely. So I'm letting you know it seems
14:31
good now because you're receiving your own cut, but
14:36
eventually the pyramid collapses.
14:39
Then what? Especially if you brought your
14:42
mom into the thing, you brought your wife into the thing, you
14:44
bought your best friend into the thing, you bought your pastor
14:46
into the thing. The whole thing collapses.
14:48
Then people start writing about how online, about how The thing
14:51
is 419 and some people are angry and unfortunately they don't
14:56
know the person who is in charge of the whole thing.
15:00
So when the time comes, will they come and grab?
15:03
They'll come and grab you. You're the one that will now
15:06
face the police Palava and the military issues.
15:13
So the easier way is to make a living and we have to be very
15:17
careful before we go and choke on inside something that we do
15:20
not understand. So these are very, very
15:25
difficult ways to earn a living. So the answer to the question
15:30
how do you get your money back? If it's a genuine multi level
15:33
marketing scheme, the way that you get your money back is you
15:38
have to sell, you have to sell more and you have to sell
15:41
aggressively. So when you sell off the stock,
15:44
let's say back to my company now tarvishing my Electric Kettle
15:47
Company Limited, you bought 100 kettles from 100 kettles from
15:51
me. It is after you sell off the
15:54
stock of 100 and maybe a little bit, you know, just to make up
15:59
for how will I put it, time invested.
16:03
If you sell off all your inventory and you want to exit,
16:05
you exit, but that's the only way you're getting your money
16:07
back. Sell more, sell aggressively, or
16:11
you stay there and recruit it down line.
16:13
And hopefully if the down line sells well, then you're going to
16:17
make a bit of money from that. But just know that if you're
16:20
staying with an MLM, you're essentially you're becoming not
16:24
just a salesperson, you're also becoming a sales manager.
16:27
And just know that you only make serious money when your downline
16:30
starts to produce. So sorry, one moment.
16:35
I will return shortly. OK, I'm back.
16:39
Sorry about that. I thought my attention was
16:41
needed elsewhere. OK, so I was talking about
16:45
exiting multi level marketing schemes.
16:49
Now for pyramids, if you're in a pyramid scheme, unfortunately
16:53
the only way to exit is you have to realize that you're in a 419
16:57
situation and then you have to join people in that 419.
17:01
That's the only way you would get your money back.
17:03
So recruit people and then cash out.
17:05
There are lots of Nigerians who do that.
17:07
Now unfortunately, this is not a good thing to do.
17:10
This is not ethical thing to do. And like I've pointed out,
17:13
you're going to be burning Personal Capital because the
17:15
people that you're going to bring into the pyramid will be
17:17
your friends, your family members, and your associates.
17:20
They'll be the easiest people to convince.
17:21
You know, your wife, your kids, your siblings, your parents,
17:25
your uncles, your aunties, people at work.
17:28
But then, like I've told you, mathematically speaking, there
17:31
are not enough people in the world to support a pyramid
17:34
scheme because these things grow at a geometric rate and there
17:38
are not enough people. So a pyramid always crashes.
17:41
When it crashes, look, I think of all that burnt social
17:44
capital. Your wife is angry with you,
17:46
your in laws are angry with you, your mom is angry with you, your
17:48
uncles are angry with you, people are work angry with you.
17:52
And if somebody loses enough money, and I want to make this a
17:55
serious police matter, you're the one that do Jack.
17:57
Because for some reason, and nobody ever knows who's on top
18:00
of the pyramid. We never know who started this
18:03
thing. We don't know.
18:03
Everybody is just joining, joining, joining, but nobody
18:06
ever knows. So that's the only way you can
18:10
get your money back. Join them in the 419.
18:13
I recruit people. By the way, in case you haven't
18:16
figured it out, I do not advise it because it is bad.
18:19
It's unethical. And even if I didn't give a hoot
18:23
about these sorts of things, the personal, the hit to your
18:30
personal credibility, I don't think it's, I don't think it's
18:33
worth worth the effort. Then apart from that, the only
18:36
other chance that you have is to report to the SEC.
18:38
The SEC is the Securities and Exchange Commission.
18:41
There are the body in Nigeria that are responsible for
18:45
managing, for making sure that investments and people don't
18:50
lose money in investments, you know, and things of that nature.
18:53
So if you report to the SEC Securities and Exchange
18:56
Commission, maybe you might stand a chance of getting your
18:59
money back by the time they do the enforcement, sorry, the
19:03
enforcement enforcement activities.
19:06
Now, the SEC in Nigeria unfortunately doesn't have
19:09
offices in every single state of the federation.
19:13
So the HQ, the headquarters is in Abuja and it's in Central,
19:19
central district. As for those of you who maybe
19:22
you put out in this country and you're wondering how they
19:24
extricate myself, so you go to SEC.
19:28
They're in Central district in Abuja.
19:30
They're next to Grand Square, next to Grand Square in Abuja.
19:34
Grand Square is not far from NNPC Towers.
19:37
So if you're familiar with Abuja and you know that area, you can
19:39
find the SEC. Now the good thing about the SEC
19:42
is it's not one of these government parastatals where
19:45
come today, come tomorrow, it's not that kind kind of thing.
19:47
If you show up to say they ban me, they swab me and I have a
19:51
complaint, the security guards will take you right into the
19:53
building. They usher you to whoever is
19:55
responsible for enforcement to take your details.
19:59
It's not a go come, go, come something.
20:02
You don't have to even book appointment ahead of time.
20:04
Just go to the building, walk up to the building, talk to the
20:08
security guards. They'll take you to who it is
20:11
that is responsible for these sorts of things.
20:14
So yeah, that's it. Then in Lagos, I think, I don't
20:19
know about now, but I think the last time I was in Lagos, I
20:22
think the office was on the island, not on the mainland.
20:25
I can't remember where on the island then where.
20:28
Again, I think they have an office in Kano, I think zonal
20:32
office in Kano, zonal office in I think Port Harcourt, I think I
20:37
think those any if you go on and I check you'll be able to
20:39
verify. So that's the closest that
20:41
you'll be able to to to do to get your money back.
20:46
So here are some of here are some things to watch out for in
20:48
case you have been shook your head inside one or two things
20:51
they are not sure. So the first thing I tell people
20:54
is something being sold. Is that something being sold?
20:57
That's a good sign. It shows that you're putting
20:59
your money into inventory. So if you join these kind of
21:02
things, but then what they're selling is electric kettles like
21:05
in my example, good chances are that you're an MLM.
21:08
If they're selling makeup like Mary Kay, good chances are
21:11
you're an MLM. If they're selling things like
21:13
rice, good something is being sold.
21:16
You can see where value is moving, you can see where money
21:19
is moving, and you can see where your commissions are coming
21:22
from. It doesn't mean that fraudsters
21:25
can't do something like this as a front, they can, but I'm just
21:27
saying that at least if you see that something is being sold,
21:30
it's a good sign. Then another thing to look out
21:32
for is money being invested into assets because some people
21:36
arrange these things also as collective, like investment
21:40
groups, saving groups and stuff. So everybody get together, you
21:43
put together a bunch of money, you use the money to build a
21:46
block of flats, and then everybody's being paid profits
21:49
from the block of flats, you know, like a cooperative or
21:51
something like that. So if assets are going into
21:54
something is good, if you can see land that is being bought is
21:57
good. If you can see farmland that is
22:00
being bought is good. If you can see anything that
22:04
money is going into is good. But of course, talk to your
22:08
lawyer. Talk to your lawyer whenever
22:11
you're doing any collective investing, collective saving,
22:14
collecting, whatever. Let your lawyer see what's up
22:16
and give you advice. Now for those people who are
22:19
struggling and who don't have money for legal counsel, there's
22:23
something in Nigeria that we call legal aid.
22:25
They're there behind legal aid is you can be broke as hell, but
22:28
at least somebody should be there to advise you even if
22:31
nothing else. So in Abuja, there's legal aid.
22:33
If you approach the Magistrate Court in would say that is who
22:38
says on. I think that's zone 5, zone 2,
22:44
zone five. I'm not sure what that part of
22:45
town is. There's legal aid there.
22:47
Then there's also legal aid offices in the High Court in
22:51
Maitama. So you just go to the building,
22:53
you ask for the legal aid office, the security guards, you
22:55
know, other people who are there will will direct you to the
23:00
right, to the right place. For those of you based in Lagos,
23:06
when I was still in school, there used to be a High Court
23:09
next to the General Hospital, next to General Ikeja General
23:14
Hospital. That's after after Honda Bridge,
23:16
Ikeja Honda Bridge. So the High Court used to be
23:19
there, but I think after I graduated later on, I heard that
23:22
the whole complex burnt down. So I'm not sure where the I'm
23:26
not sure where the High Court in Lagos is now.
23:31
I don't know if they built it back up or if they just
23:33
relocated. They renovated the whole place.
23:36
But if the place is still there, if they rebuilt it, then at
23:41
least while I was a student, legal aid was there.
23:43
Then also multi door courthouse, you know, alternative dispute
23:46
resolution type things. So just go there, you know, like
23:50
you're broke, you don't have money.
23:51
Go there, ask for legal aid. At least somebody will be there
23:57
to give you advice. Even if they don't do anything
23:59
else, they'll at least tell you that this is where you go, that
24:02
this is north and this is South. Then if you don't understand how
24:07
people are making money when they call you for these things,
24:09
please run. If they're saying this person is
24:13
making millions, this person is making millions.
24:15
This person got paid 100,000 Commission, this person got
24:18
paid. This person got that.
24:20
You know, it's impressive and it's it's nice and you can see
24:22
the fancy car parked outside. But if you don't understand how
24:25
these people are making money, please run.
24:29
Run. Maybe everything is legit, but
24:32
you're not sophisticated enough. And no problem.
24:34
Still run if it's legit. But you're not sophisticated
24:38
enough to see how this thing is working.
24:41
How you know when things are good, how you know when things
24:43
are bad? How do you know when things are
24:46
tipping sideways? You won't know.
24:48
So apologies for the noise in the background.
24:50
You know, I'm making today's recording at home, and then my
24:53
neighbor has Peacocks, and those Peacocks make a lot of noise.
24:57
OK, that reminds me. I've been curious to wonder, can
24:59
Peacocks fly? Yeah, I should do that research
25:02
after this because I see them running around, but I've never
25:05
seen them fly. Then another sign to watch out
25:09
for if you're in any of these meetings or any of these
25:11
investment clubs or whatever. And people keep talking about
25:15
the secrets, attracting money, the secret to wealth, getting
25:18
the universe to align to your financial benevolent something
25:22
in all those new age, you know, funny stuff.
25:25
Once they start talking all those kinds of things and it's
25:28
as sounding as if you guys are in a secret cult.
25:29
Please, my brother or my sister, Run, run, run, run, run, run.
25:34
Then if you're in a place and they keep talking about earning
25:36
daily Commission, any money, earning money while you sleep,
25:41
any money by doing nothing, you know, please run.
25:45
There's no easy money in his life.
25:47
Maybe we need money in heaven, there'll be easy money then.
25:50
But in his life, there's no easy money.
25:52
Anybody talking easy money, please run.
25:55
This is also another thing to look out for.
25:58
Then after the radio show, I forgot my, my brother reminded
26:00
me 10X anybody that is inviting you for a meeting and they keep
26:04
saying they will 10X or this they will 10X or this they will
26:07
10X or whatever. Please run by the way.
26:11
It's, it's not. I know because Grant Cardone
26:14
says 10X, but Grant Cardone is different.
26:16
Grant Cardone is saying that he's a salesperson and he's
26:19
teaching you how to 10X your revenues by 10X ING the effort
26:24
that you put in. So in people like Grant
26:27
Cardone's case, what they're saying is we will get you from
26:31
10 to 100, but you have to sell like crazy or you have to do
26:38
this like crazy or you have to do that like crazy.
26:40
They are not promising you that you will attend meeting and then
26:43
out of nowhere your returns will just start multiplying by 10.
26:48
Then I'm a final warning, a lot of these groups and or not, you
26:53
know, they have to invite people for meeting and stuff like that.
26:56
So you're going to be sharing lots of links.
26:58
They'll be sending you links on WhatsApp.
26:59
Click on this for this. Click on this for meeting.
27:01
Click on this for that. Click on this to register.
27:05
Please. My brothers and sisters, as of
27:07
2026 in Nigeria, this is a recipe for disaster.
27:12
A lot of these people that are calling you for all these
27:14
meetings are strangers. Apart from the person who
27:17
invited you to this meeting, you do not know all these other
27:20
506070 faces that you are seeing there.
27:23
You do not know these people, You don't know these *** Then
27:26
they're telling you share this thing on WhatsApp.
27:28
Click on this link. What you're clicking you don't
27:30
know. Before you know it, security
27:33
breach in your phone, WhatsApp has been hacked, from there
27:36
banking app has been hacked, identity theft and all kinds of
27:41
issues. I beg, even if you want to join
27:45
them in the 419, can you at least, you know, put your brains
27:48
on. You're sharing links you don't
27:50
know to your mom, to your dad, to your brothers and sisters, to
27:55
your colleagues. You're clicking on those links
27:57
yourself. You're entering in personal
27:58
details, showing up for Zoom, meeting with a bunch of
28:03
strangers who you don't know. Anyway, let me not make this
28:08
thing a prolonged rant. Bottom line, what I'm trying to
28:11
say is that life is hard in Niger.
28:13
I get it, I get it. So I'm looking for easy ways to
28:17
make money. I get it, I get it.
28:20
I'm looking for easy ways to make money as well.
28:22
But multi level marketing prayer meet scheme please.
28:27
Not the way for. If you must play with these
28:30
things, then make sure it's a genuine multi level marketing,
28:34
but just know that you're embracing a life of not only
28:36
selling very hard, but you're also becoming a sales manager
28:39
because you're also going to be responsible for your downtime
28:42
selling very hard as well. There is a ways to make money.
28:48
Than this. So please shine your eye
28:50
specifying called me. The thing has been on my mind.
28:52
The reason why it's been on my mind is because I have a
28:54
personal connection to all of this.
28:56
I've seen family members lose their ish over these kinds of
29:00
things. I've seen it happen twice, once
29:04
when I was a kid then you know, kid like primary primary school
29:09
kid. One of them even talked to me to
29:11
try and recruit me. One of my family members that I
29:13
love so, so much tried to recruit me and my brother into
29:16
these kinds of things. Then another time when but then
29:22
I'd come back from my master's and I had to now like speak up,
29:28
tell my mom, tell my aunties that look, I know you will, you
29:32
see what's going on, but you will are not saying anything.
29:36
But look, this is the download. This is how this kind of thing
29:38
goes. All right, So me, because I'm a
29:42
small somebody, I can't talk. But we need to nip this thing in
29:46
the box. We need to keep this thing, this
29:48
inner anti so, so so and so is saying this in serious fire.
29:51
We need to put a pause on this thing.
29:54
I said my own. But of course not everybody
29:59
agreed. When everything is scattered as
30:01
it always scattered, That's why family members do not start
30:05
quarreling. So that's.
30:07
The reason why me? Personally, this thing really
30:11
it. Guy.
30:15
Anyway, there is a ways to make money.
30:17
So please, if we notice that our friends and our family members
30:21
are being hoodwinked, being called, pulled along for all
30:23
these, so please, I beg, let's speak out.
30:26
Let's speak out. These things don't end well.
30:28
They don't end well. It's simple mathematics.
30:30
There are not enough people in the whole world for the pyramids
30:34
to continue to grow exponentially.
30:36
It will crumble eventually. It's a disaster waiting to
30:40
happen. It is fine now because people
30:42
are making money. Your cousin puts in 100K and
30:46
then he gets 250 next month and then he puts 250K the month
30:51
after that and then he gets 350 and he's looking sweet.
30:54
He's making money. You do you want to join him?
30:58
OK, now anyway, that's it. So if any of you want to connect
31:02
with me because you have business questions like if I did
31:06
and Mr. Gideon and all the other people, then he can call, send
31:09
me a text message or WhatsApp message on 08064 662140.
31:16
Even if it's not related to sales, I'm willing to have a
31:18
chat, you know, you know, investing, finances, stuff like
31:22
that. It's not my area of specialty,
31:24
but if you're genuinely curious about something, you know, reach
31:27
out, talk to someone else. And for this one, in fact, I'll
31:33
give you all the time that it needs so we can try and figure
31:38
out whether this thing is a safe space to put money in or or not.
31:46
Because honestly, it's a painful thing to watch your family
31:49
members being had. It's painful.
31:53
In fact, it's going to be even more painful if it is you.
31:55
You are the one that is the mogu, and you are the one that
31:58
has been had. Anyway if.
32:02
This is the first episode that you're listening to.
32:05
I'm not a charity. I don't run an NGO.
32:07
Financial inclusion, financial education.
32:09
You know, that's not my thing. Sales.
32:13
Sales Coaching. Sales consulting, that's what it
32:15
is that I do. So if you have questions related
32:19
to how to grow your revenues, how to manage your sales team
32:24
better, let's see what else, how to handle negotiations better,
32:29
how to handle pricing better, all these sorts of things.
32:31
Yeah, those are the problems that I do that I solve for a
32:34
living. So reach out 08064662140 and
32:40
I'll do my best to see how I can help.
32:43
But if you want to discuss about other general financial stuff,
32:46
you know, I'll listen. I'll give any advice and share
32:49
any knowledge that I have, but most likely I'll have to point
32:51
you towards someone else, like in this case point you towards
32:54
the SEC. That's if you happen to chew can
32:58
inside this matter and you have now gotten gotten into a
33:02
situation where you can't extricate yourself from.
33:05
So that's it and that's all. Thank you very much for today.
33:08
I'll catch you all some other time.