Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Why Most People Fail at Being Influencers
Transcript
- 0:00Lots of people want to come into Business Today by exploring the
- 0:05influencer route and they don't really think about what it is
- 0:09that it it takes to get there. That's one of the reasons why in
- 0:13the last couple of weeks, maybe the last 2-3 weeks, I'm sure you
- 0:16guys have noticed that I've been putting out a lot of content
- 0:18saying that if you're going to get into the business game, then
- 0:22perhaps the influencer route is not the easiest route that you
- 0:26should take. Now, the reason why I'm making
- 0:29today's recording, by the way, forgive me, you know, I'm making
- 0:33today's recording out and about and then I don't have my fancy
- 0:35new microphone, so I'm just using, I'm just recording
- 0:38directly into my phone. So, you know, there's going to
- 0:43be a lot more noise than usual spilling it, spilling into the
- 0:46recording. Oh, by the way, for those of you
- 0:48just listening for the first time, my name is Tavishma Ayedi,
- 0:51former lawyer turned business consultant.
- 0:54And over here on the podcast, I like to solve business problems.
- 0:57So that's what I do here almost every other day.
- 1:00And today we're looking at the question of why coming into
- 1:04business doing the influencer route perhaps might not be the
- 1:07best option for you if you're coming into this space brand
- 1:13new. So excuse me.
- 1:15So let's see. OK, regular listeners of the
- 1:20podcast might remember the time in, I think this was definitely
- 1:24over a year ago and it was something that I did with this
- 1:29business incubation, this incubation hub.
- 1:33Incubation hub, what was it called again?
- 1:35Avon, Avon incubation hub based in Abuja.
- 1:38Now at the time that I did this event, Avon was an incubation
- 1:44hub, but now they have since changed the business model.
- 1:49Now they are primarily a Co working space.
- 1:51I mean, they've always had the Co working space, but now that's
- 1:54their primary thing. And then the offshore talent for
- 1:58foreign companies, foreign companies abroad, you know,
- 2:02America, UK who are looking for remote talent based in Nigeria
- 2:07to work for them. So if you're thinking of making
- 2:10some extra change, you know, this is 1 avenue that is
- 2:12available to you if you have skills and if you have time,
- 2:15there are businesses in Nigeria that are thinking that we have
- 2:19access to talent. And there are some people who
- 2:20don't mind working for, you know, $500 a $1000 because you
- 2:24know, now that you know, an IRA is crap.
- 2:27So even if somebody they raise you just $500 every month, by
- 2:30the time you take you do the multiplication, you know that
- 2:32$500 is going to make sense. So that's exactly what they're
- 2:36playing on. So, you know, 500 dollars, 600
- 2:38dollars, $1000, you know, blah, blah, blah.
- 2:41That's how some people make make a living.
- 2:43In fact, I have heard, I don't know the guy direct, but one of
- 2:48the guys that I was trying to get ATV show through was talking
- 2:51about how his neighbors that that's and that's how they live
- 2:54basically I think is 222-2000 dollars or something like that.
- 2:58That's how much they earn. So remote work to $2000,
- 3:02multiply it by Niger currency and you can see that nothing
- 3:06kind of makes sense anyway. So back then, Yvonne was a
- 3:12business, a business tech hub and an incubation hub.
- 3:16So people who wanted to start out in business would go there
- 3:19and then resource people like myself would come and give
- 3:23sessions on all kinds of things relating to sales, to marketing,
- 3:27to branding, to tech support, to business planning, to, you know,
- 3:30you know what, all those sorts of things.
- 3:32By the way, my own specialty is sales.
- 3:35So I didn't talk about any of that other stuff.
- 3:39Now, there was one lady in the class, let's just call her
- 3:42Oniega Owen, not her real name by the way, but I say Onyeka
- 3:46Awendo because the girl and her sister, actually, when you look
- 3:49at two of them, they just like they just as in when you see
- 3:53them, you get Onyeka vibes, if you understand what I'm saying.
- 3:56That's for those of us Nigerians who are old enough to remember
- 3:59Onyeka Awendo, the elegant stallion, a pop musician who did
- 4:06songs like One Love and Yo Go Go, Yo Go, Yo Go Go.
- 4:12I ain't can I Bishop, You know that that song, any basically
- 4:16let me not sing it again because every time I sing that song, my
- 4:18wife just she rolls her eyes. She's like, can you please stop
- 4:22destroying my my, my mother's language because my wife is
- 4:25hafibo. So yeah, that Onyeka Owino.
- 4:29So these girls, my class when I was talking to Abuja based
- 4:35businesswomen on marketing. Yeah.
- 4:37So the two sisters gave me Onyeka vibes.
- 4:40So one of them was going to come into wasn't quite sure about
- 4:45what she wanted her business to be, but she was making, she
- 4:48wanted to come into business doing the influencer route.
- 4:52And I remember at the time telling her that, you know, was
- 4:55difficult. Apart from the difficulties
- 4:57involved. There's a lot of time that is
- 4:59involved in cultivating an audience because I've said it
- 5:02time and time again. But let me say for those of you
- 5:04who are listening for the first time, if you want to hammer as
- 5:07an influencer, the way that you're going to do that is
- 5:09you're going to cultivate an audience.
- 5:12And you have to cultivate a sizable audience because these
- 5:15platforms have very high thresholds before you can
- 5:18monetize. Let me give you an example.
- 5:20I don't know the thresholds, but let me just give you an example.
- 5:23Currently, I have about 4300 and something subscribers on
- 5:28Spotify. And guess what?
- 5:30I have not hit the threshold for monetization.
- 5:34Let me repeat for those of you who are thinking I will monetize
- 5:38my audience no problem. I have over 4000 subscribers on
- 5:44Spotify and the last time I checked, I am not even close to
- 5:49the threshold for monetizing. So just bear that in mind when
- 5:53you will say, oh, I'll create an audience and I'll begin to
- 5:56monetize. So Spotify high threshold,
- 6:00YouTube high threshold as in everybody the threshold day
- 6:04high. So stop thinking that you're
- 6:06going to start putting out content today, in March of 2026
- 6:10and then another 3-4 months. You go don't blow, you go no
- 6:13hammer because you've amassed an audience.
- 6:15In fact, that's the reason why in the older episode, I did, I
- 6:18think I made the episode maybe 2 days ago when I was talking
- 6:20about FA Carta, the Nigerian stream FA Carta and then his
- 6:25boy, what's his boy's name again, I can't remember.
- 6:28Anyway, so just go listen to that episode and you see what
- 6:31I'm talking about. Because for him, it also was a
- 6:33long, long period as well. So you the, the thresholds are
- 6:39very, very high. That's number one.
- 6:40Then #2 the conversions are very, very small.
- 6:43So like when people typically typically send out e-mail
- 6:46campaigns, the conversions that they expect are between 0 and
- 6:503%. Now what that means is for
- 6:52somebody who wants to do e-mail marketing every time, then they
- 6:54blast e-mail. You just send e-mail out like
- 6:56that between zero and three. People out of 100 are those who
- 7:03will take the next step or who will end up buying.
- 7:06Let me repeat conversions. Average conversions nowadays are
- 7:10between zero to 3% on e-mail. So in the influencer space, I
- 7:17don't know what the exact figures are, but just know that
- 7:19it's very, very low. So even for somebody like me
- 7:23that has an audience of 4300 and something, it does not mean that
- 7:29every single time I release a product and I say bye, it does
- 7:32not mean that 10% of people will buy, meaning I'll get 400
- 7:35orders. It doesn't work like that.
- 7:37Conversions are very, very, very low.
- 7:41Now, these are some of the reasons why for those of you
- 7:43coming into business, you want to pick the influencer out.
- 7:45You are picking a very, very hard route to get into this
- 7:50space anyway. So I said all the things that I
- 7:53had to say for those ladies, Abuja based business women that
- 7:58we did the session on marketing through Avon Incubation Hub or
- 8:02at least it used to be an incubation hub at the time.
- 8:05So also one more thing, production value.
- 8:08Now a lot of you who want to create content nowadays, you
- 8:10guys focus on very, very high production value.
- 8:14What that means is you guys want your audio to sound right, you
- 8:17want your videos to look right, you want your photos to be you
- 8:21know colored right, composed right, everything you want
- 8:24everything to look professional. Now you guys are starting with a
- 8:28very, very high bar and it is too much of A high bar to start
- 8:32off your business journey with because when you want to make
- 8:35things that are of high production value, it takes a lot
- 8:39of time or it takes a lot of money.
- 8:41Now for this particular lady in particular shows dropping stuff
- 8:44on YouTube and she wanted high production value.
- 8:46So what that meant was she either had to edit this thing by
- 8:49herself or go and pay somebody, I think at the time like 10K.
- 8:53I'll be like 15 K to edit every single video.
- 8:58Now ladies and gentlemen, let's run the math.
- 9:01You say you want blue Abbey, You want to be an influencer?
- 9:04No problem, YouTube is your ticket, Abbey.
- 9:06No problem. You want to be paying somebody
- 9:0910K per video? OK, how many videos do you think
- 9:14you're going to have to drop on a weekly or on a monthly before
- 9:18you amass an audience? Run the mouth in your head.
- 9:22How long is this thing going to be sustainable for now, luckily
- 9:26for this young lady at the time, she never marry her and her
- 9:29sister to today. You know she never marry no
- 9:32problem. So any money where she did drop
- 9:35is not going to be coming from a place of you know, you know,
- 9:40it's not going to be picking school fees, it's not going to
- 9:42be diapers, it's not going to be, you know, stuff like that.
- 9:45But even as a single lady, to be dropping 2020303040405050K every
- 9:50single week on top say you won't become influencer, how these are
- 9:56some of the questions that you need to ask yourself.
- 9:59Anyway, I told her at the time that look, babe, the way you're
- 10:02going about this, you pick the hard route.
- 10:04And to be honest, I foresee you're going to give up and you
- 10:08know, show us full of vim vigor that know that she's here in the
- 10:11game that she will make up. She will make us all right, no
- 10:13problem. So lo and behold, I'm chatting
- 10:16with her a couple of days ago. I'm like, hey, what's up, Happy
- 10:18New year, how you been, blah, blah, blah.
- 10:20You know, that kind of talks. What's up now?
- 10:22I found the YouTube thing and unfortunately she don't give up.
- 10:26She don't crash, she don't crash out of the game.
- 10:31So also, what are you up to? Oh yeah, I'm back to medical
- 10:34practice, you know, blah, blah, blah, blah, blah.
- 10:36And this is one thing that I want to stress for you guys
- 10:38listening here today because sometimes there's some of us
- 10:41talk. You will feel as if you know
- 10:42when they try, you know, tarnish your horseshoe or they try key.
- 10:46Our dreams no be so. Some of us in this game, we have
- 10:50a wealth of experience and we see some patterns and we see
- 10:52some things happen. That's the reason why we're able
- 10:54to drop some insight. Sometimes you can see the future
- 10:57before you do. And also speaking is just a very
- 11:00simple something. Nigeria is harsh, all right.
- 11:06Nigeria is harsh. The economy is not smiling.
- 11:09This tenable economy is not friendly for anybody.
- 11:14If you want to be an influencer and you want to be doing this
- 11:17high production value thing, you're going to have to do this
- 11:20for a long time and it's going to involve either a lot of time
- 11:23or a lot of money before you blow.
- 11:27And the honest, the truth of matter is you can't keep
- 11:30involving, say involving. You can't keep investing hours
- 11:35upon hours upon hours in creating content.
- 11:38Meanwhile, you know they see any positive return.
- 11:41Now, when I say positive return, I don't mean audience.
- 11:44I mean in terms of naira and Kobo, our parents mean well.
- 11:48But how long will your popsy be comfortable that you didn't say
- 11:52house? You do record video.
- 11:53You do record video. You do record video. 8 months,
- 11:5610 months, 12 months, 2 1/2 years.
- 12:00They never see anything tangible.
- 12:04I hope you guys can see what I'm saying.
- 12:06Was the only lady OK? No problem.
- 12:08You know you're still popsy, so popsy you know will chase you.
- 12:11But then you know, upkeep day involved now, upkeep flexing,
- 12:14moving up and down and they just got a bomb money on top beauty
- 12:18YouTube videos. As in for how long?
- 12:20For how long? So I'm not a prophet, but I saw
- 12:24the end from the beginning because I just ran the math.
- 12:28So for those of you who are thinking of coming into the
- 12:30business space, you want to use the influencer route, I beg run
- 12:34the math. It's a very simple thing.
- 12:36Even the good book says it. Who starts to build a house
- 12:40without stopping to check first whether they have enough
- 12:42resources to finish or else they will start, they will hook and
- 12:48then people go begin, they laugh them and say, see, they started
- 12:53to build. They did not have enough money
- 12:54to finish. So it's a very, very simple
- 12:57something. So on this podcast, when I talk
- 13:01about getting into the business space by learning how to trade
- 13:06or learning how to sell a service, I'm not trying to cramp
- 13:10your dreams. I'm just being realistic here.
- 13:13I've want to get into this game. We need to pick the route where
- 13:16we can start seeing some small naira and cobo, you know, quick,
- 13:19quick, quick and some simple traction.
- 13:22The influencer route is hard. If you want to go that round,
- 13:26fine, no problem. Just make sure you budget the
- 13:29time or budget the money that will be required to get you
- 13:32there. For those of you who are
- 13:33listening to this name brand new, after you don't listen to
- 13:35this episode, skip back two or three episodes.
- 13:38Listen to the episode that I made about the Nigerian Twitch
- 13:42super influencer FA Carter. Don't listen to the episode on
- 13:47FA Carter and you will hear from another person's mouth what is
- 13:52involved. I'm not an influencer, so maybe
- 13:54you say what I'm saying, you know, I don't have the
- 13:57experience. No problem.
- 13:58Go and listen to the people who have the experience.
- 14:00Go and listen. You hear from them live about
- 14:03what was involved. So budget at the time or budget
- 14:06the money. Now I'm making today's episode
- 14:08because I don't want any of you to reach out to me.
- 14:10We have a chat. I tell you what's up, what's
- 14:12involved and you say no, I will do it.
- 14:14Now I go make up, I'm a grinder there also no problem.
- 14:17And then in the end I say hey, what's up man?
- 14:19How you doing now, your Twitch channel and how far?
- 14:22And then you say, bro, I don't want you guys to be in that
- 14:27situation. So please take stock.
- 14:32Take stock from the beginning before you begin.
- 14:35Those of you who want to be an influencer, I understand it
- 14:37looks all nice. It looks all cool, looks all
- 14:39cosy. People listening to your
- 14:41podcasts, people watching your videos, you know, walking around
- 14:44feeling like a celebrity, but you know, nobody.
- 14:47So it takes a while to build. So think hard, think fast before
- 14:52you begin. Now, if you want to be in touch
- 14:55with me, just like the Onyeka, the Onyeka window again, not her
- 14:59real name, the Onyeka. You know, sisters.
- 15:01If you want to be in touch just like they were, then you can
- 15:05call me. Send me a text message or a
- 15:06WhatsApp message on 08064662140. You have questions about
- 15:12business, reach out. Let's have a chat.
- 15:17Yeah. So that's it.
- 15:18Thanks for your time and attention.
- 15:19I'll catch you all some other time.