Category Archives: General

The Mental Attitude That Yields Web Marketing Success (Hint: Tips for “Marketers” In Paid Employment…and others)

The ideas I offer here can benefit members of sales and marketing teams in companies, who, in addition to offline efforts, have been tasked to use the web to find buyers, by the company (be it micro business or multinational) that employs them.

And of course solo operators (e.g. independent consultants/professionals) who do self-marketing, will also benefit from reading through this piece.

My purpose here is to impress upon you the kind of thinking you need to have, to make the most profitable use of the web to find new business and/or repeat sales.

First of all, understand that “getting” a website built, is NOT the end you seek. Even if it feels like it. Instead that is simply the means to (what should be) your desired end.

Your ultimate purpose as a person in business is to make SALES. Period.

Based on the above, your marketing efforts online – and even offline! – will best be setup to revolve around your website.

Why? Because it remains the most powerfully cost-effective marketing medium available. And I assure you it can be used to sell virtually ANY product or service. You just need to know how.

If you do it right, you will achieve the twin outcomes of LOWERING your overall marketing costs, while INCREASING your marketing reach and impact (AND SALES) over time.

To succeed, you need a website that WORKS ….

How do you know a website that works?

[NB: I’ve covered this aspect in previous write-ups – linked at the bottom of this one. They provide full details, with step by step guidelines you can follow. If after all that you need help taking what you’ve learnt forwards, get across to me via tayo at tksola dot com.]

Now, a website that works is one that attracts potential buyers to you…

It will win you sales leads, and sometimes convert prospects to real buyers.

But don’t get it mixed up. The website will not work alone. At least not the way I use mine, and guide my clients to use theirs. It will work as part of Web Marketing System (WMS).

A WMS based website will often be working even when you sleep…

For instance, it will make people return to read more of your content. When it makes them follow you on Twitter, add you as a friend on Facebook, join your channel in Youtube, or add you to their circle in Google.

All of this can – and will happen – 24/7. Round the clock, even when you’re in bed. You’ll just wake up to see alerts and notices about new connections, and/or enquiries etc. I experience this very regularly.

The web based resources I listed can – and should – be used as components in your web marketing, to complement themselves, and with your website right at the heart of it all.

Never forget that selling is a process…that does NOT happen all at once!

Therefore anything that helps you put prospects into your sales funnel, is WORKING for you. Even though you may be yet to see it.

By integrating your website, into a WMS, you can only improve your chances of getting found by those who need what you offer.

In my experience based opinion, a website should NEVER used in isolation…

It is always best deployed as a key component of the WMS. That’s really the best way to achieve maximum results at the lowest possible cost of time, effort and money.

I say this from over a decade of using the web as my primary marketing medium. And I speak based on fantastic results I’ve achieved as I mastered the process, by learning from what I was doing wrong, and studying those who knew better.

Note also that a website that works is not necessarily one that brings you compliments and admirers...

I know this foregoing statement can be a bit of a blow some people’s egos – maybe not yours. But the truth of the matter is that having people scream “Wow, your website looks beautiful!” has ABSOLUTELY nothing to do with the potential ability of that website to perform.

In reality, when a website performs, it’s going to be bringing you enquiries about what you sell.

People, who never knew the website existed, who had never heard about you, will contact you. Because – directly or indirectly – they made contact with your website, or whatever else you put on the web to promote your business,

That is when you can say you’re getting results from the use of the web.

So your website would be like a focal point, and every other marketing you do would revolve around it…

At least that’s how it works in what I call a Web Marketing System, that I use, and which I develop and implement for my clients.

I don’t know how you intend to use your website, but I strongly advise you use the ideas I offer.

Here’s why I am ALWAYS so conficent in recommending this approach to others.

It’s the results I’ve gotten (and that I continue to get), as a multipreneur, using the web, getting people to buy from me, from in and out of Africa…

Total strangers send me money, sometimes close to N50, 000 (about $300 USD) into my bank account (or via other channels). And then I send them an MS Excel automated (Excel-VB driven) workbook app – like my Ration Formulator – and/or one or more of my PDF e-books or reports etc.

Then we become friends and some have remained subscribers to my newsletter for over years!

Most of these people are CEOs of their own businesses (often farm based ventures).

The only reason I SUCCEED like this, is that I have a website that works...

And it works because it gets me noticed by my target audience, through it’s links with other components of the WMS I mentioned above, with which I have integrated it.

One more thing: The “beauty” of a website plays little, if at all any significant role in your ability to sell!

Years of careful study of successful websites, has revealed their CONTENT QUALITY and USABILITY, and not how nice they looked, was key to their LONG TERM success.

So, keep that in mind. You want to aim for longevity. Not beauty that people will eventually tire of!

What endures is the quality of useful information you offer via your WMS. It is what will WIN you devoted followers who will rave about what you do to others, growing your brand for you via word of mouth.

And you would not need to pay anyone. They would be glad to do it. Why? Because using a WMS like I recommend will make you add useful value to them.

Everything I say here is what I do daily. And I see the results in various forms – in terms of name recognition and credibility, as well as financial returns.

Get this: Many times my WMS based websire has helped me close offline sales with clients! (True Story)

For instance, one time a client (the account of a large Lagos based hospital) asked me a question about how I could build an automated Excel-VB driven Payslip Generator application for his department.

I asked if his PC was web connected. He said yes. I asked him to join me and I went to my website, to show him Youtube videos embedded there, of demo apps I had built, with features similar to those he wanted.

But I did not stop there. I downloaded a zipped version of one of the apps and did a demonstration right on his PC.

The next day he gave me a cheque paid 100% in advance (N45, 000) to build the app!

That happened in 2007. And that software is one that I’ve built an advanced version of, having sold it to other companies within and outside Lagos, in Nigeria.

See how this works?

When using the web, especially when you adopt a WMS, like I recommend, you will only be limited in how you can attract buyers, and make sales, by your CREATIVITY!

So, what makes a website sell, is what you say (and put) on it, and how you say (and use) it.

I won’t go into elaborate details on that. Just click on the linked articles below to learn more.

Now, if you follow this approach I recommend, some people may criticize you.

Here’s my advice. Go away from them after thanking them politely, into a quiet place, a room maybe.

Then think carefully about them and what they said.

Ask yourself if that person is a potentially profitable buyer of what you offer.

Is s/he someone who has FELT need for the solutions your website offers? If yes, then it may be wise to take what s/he says into consideration, to make modifications.

But be sure s/he is sincere in the feedback given to you. Sometimes wishful thinking can make you “think” a person is a serious prospect, when s/he is not. I’ve been there…and done that. So I know.

My point is you need to focus your efforts on attracting people that want what you offer so badly, that they are determined, and prepared to pay you profitably to get it.

Those are the kinds of people your website that works should bring to you – IF it’s properly setup.

Always remember that you cannot cash compliments and admirations for your website in the bank. I said this, years ago, in one of the articles linked below. Nothing has changed since then.

And I know it’s obvious. But a lot of people think the number of compliments they get on how pretty their website is, is what proves it’s working.

My question is always: How is it working? Is it putting more money in your pockets (by bringing buyers independently of you)? Or is it helping you KEEP more money in your pockets by helping you reduce your marketing and sales costs?

If your website is NOT doing either of the above, then it is NOT working. Sorry.

Granted, making it pretty will not be bad. So congratulations. But beyond that, what else does it do for you?

Remember, you are (or will be) spending money annually, to keep online (via domain name registration and hosting renewals). What happens after that?

For the entire year, how many people come to you, as prospect or as buyers, through that website without you being the one who told them to go there?

That is how you will know how well it’s working. If you’re the one who always has to tell people your website address, so they can go there…your website is NOT working.

And if it’s your friends, relatives and associates (i.e. those who already know you) who visit it, it’s NOT working the way it should either.

Remember I told you how mine continually connects me, for the long term with complete strangers, from far and near?

Well, that’s the kind of experience you WILL have, if you do this right!

Final Words: In summary what I’m saying is…Make the Most of Your Website!

Aim to use it to cut down your Cost of Customer Acquisition (COCA).

How do you do that?

Use it to recruit increasing numbers of potential customers. Use it to generate larger numbers of sales leads.

How do you do THAT?

Simple: Get a website that works!

And I just told you lots about that what features such a website must have.

As a reminder, here’s what it must do for you: It must bring pre-qualified prospects to you, and also help you sieve through them, to find those ready to do business with you.

Read the linked articles below, to learn more specific steps you can take.

Good luck!

USEFUL LINKS/FURTHER READING

A Website That Works Wins You Repeat Visitors, Leads, & Sales: NOT Admirers & Compliments!| EzineArticles

You Do NOT Have To Be Expensive To Make Profits | SD Nuggets

Video Narration: She Called Me a Peeping Tom (A True Personal Story) – What If This Happened To YOUR 8 Year Old Child?

This is a True Story Narration. It is available as audio (MP3) & as a video presentation, and PDF on CD/DVD. You can listen to the audio on your phones. This is Part 2 in the Self-Development Education for Parents Series titled “Kukuru Danger™: Adventures – & Misadventures – of a School Age Child Trying to Make Sense of the World and his purpose in it!”

===Narration Begins===

This is TayoSolagbade again. This time around I’m going to tell you another story.

But this story, rather than take you forward in my life following my experience of getting asked to repeat my first year in secondary school.

I’m actually taking you back to a time, I think about a year before I left primary school, ehm, in which I had a particularly (pause) ehm, how do I put it now…even talking about it now still irritates me.

NB: This presentation is dedicated to my mother, my wife (Nkechi) and my kids.
NB: This presentation is dedicated to my mother, my wife (Nkechi) and my kids.


\

Email your name, phone number, number of children, and country to PT at tksola dot com
Email your name, phone number, number of children, and country to PT at tksola dot com

To Succeed, You Need a Gut-Level Instinct for Self-Preservation

I once had someone phone me up (in 2002, my first year in business), requesting that I come down to Falomo on Victoria Island from my Gbagada base, in Lagos (more than 30 minute drive on a good day) saying my services were needed. I got there to find that I was only being mocked! The person was nowhere to be found, after two hours, and her husband kept sending me around in circles, smiling impishly all the while!

She did this twice before I caught on to it, and stopped responding.

That same woman called me up many times afterwards, over the following months, to mock me on phone. She would ask questions like “How is business now?” while intermittently erupting into loud laughter.

What did I do to deserve this treatment? Well, I had one time in the past gone to their company to attend a Visual Basic training (which I paid for!), and during the 3 month period, we’d had discussions that touched on how I left paid employment to become an entrepreneur. And I had told them the big plans I had. That was all!

I have since survived the “jungle” that is the world of entrepreneuring in Nigeria for over a decade – before moving to Benin Republic.

Based on my experiences up till date, I have come to the firm conclusion that the definition of a "Nigerian entrepreneur", will not differ much from that of those in other parts of the world – especially America.

And here’s how I would define an entrepreneur, based on my extensive studies and personal experiences:

"A strong-willed, independent minded individual who ultimately achieves financial success and social recognition, by delivering innovative products/services, and/or developing a new way of doing things, that IMPROVES the lives of others. Most times, such persons will have started out with little or nothing. And in cases when s/he may have started out with a lot, s/he will most likely have lost it all and had to start all over before finding success.

Most times, such a true entrepreneur, would have had to depend on nothing more than his/her idea, and an unquenchable thirst to make it work. This is why entrepreneurs have been described in certain quarters as people who create something new out of nothing – taking risks that threaten their very survival, but overcoming all odds via persistence, to do what most would have considered previously impossible."

But Nigerian Entrepreneurs Often Have to Contend With Additional Obstacles Those in Other Climes Rarely See…

Examples include absence of support systems (e.g. social welfare/security systems) that entitle you to some base income/unemployment benefit as obtains for an American for instance.

They can provide a valuable cushion effect. Entrepreneurs in Nigeria get NO such thing.

You simply have to sort yourself out. Having said that, I believe that obtains across most of the African continent – to be fair.

But I will add that from living here in Benin Republic, I know things are significantly less challenging – especially as it relates to feeding.

Food is dirt cheap here, and if you’re not lazy what you earn from doing a few odd jobs will keep you going. And there is constant power supply, which has a multiplier effect of keeping costs of products and services low, since people do not have to generate their own electricity.

In Nigeria, too many things not in place make living costs very high. Entrepreneurs have to run expensive petrol/diesel powered generators to keep their businesses going.

So people find they often in danger of running out of money. And that make "hustling" imperative!

Imagine the dilemma, then, of the entrepreneur yet to achieve stable income!

Another factor is the prevalence of “malicious detractors” who go out of their way to make you fail.

It’s not a pleasant subject I know. But that does not make it less worthy of discussion.

Especially as I have seen it happen just too often!

The crabs in a bucket analogy applies here.

I have seen people try to pull another down (including yours truly), for reasons as petty as ensuring you do not invalidate their alibis for failing to start their own businesses, by succeeding in your chosen endeavour.

Others are actually people who have been in business before you – who may want you to pay them homage. When you don’t they take offence.

I do not exaggerate here.

I had that kind of experience many times when I was starting up (before I learnt how to protect myself)…

That I survived and am going strong today, I believe, is due to my resilience.

As well as the fact that I had other alternative arrangements put in place that kept me going despite the efforts made by certain persons to sabotage me.

And of course, I always kept an unshakeable faith in the Creator, to protect me.

A good example is the short story I began this article with. But let me assure you that it’s actually one of the milder cases I have personally experienced.

During my talks on this theme, my audiences will be regaled with more shocking accounts

The true stories I will share will illustrate, in graphic terms, just how potentially traumatizing it can be, to function as an entrepreneur in Nigeria.

Especially when you are new in the game, have no connections and lack funds (as was the case with me!).

Not surprisingly, NONE of the books that I have read on entrepreneurship, written by foreign authors (especially those from developed societies) have ever given this aspect much – if at all any – attention.

Yet it remains a reality that can STOP you from succeeding, even if you have all the competence of a world class entrepreneur.

Even the BBC recently published an article (authored by a Nigerian journalist working for them) about what I’m saying here.

And the example of NEXT newspapers, run by a Pulitzer prize winning Nigerian born journalist, who tried to apply best practice independent journalism in the Nigerian market was mentioned.

He failed. Woefully. But not due to incompetence….!

Instead, he failed because his adopted approach of journalism with integrity, and objectivity, put off those who had funds to advertise in the paper. So they froze him out – influencing others to toe their line of NOT advertising in NEXT newspapers.

So, without money coming in, the NEXT newspaper, despite aspiring to world class standards, died.

[Read the BBC article, for a real life account of what led to the paper’s demise, and how a Nigerian BIG man predicted it!]

Some people shy away from writing things like this because they do not want to raise “dust” or rub readers the wrong way.

I believe that by forewarning persons who plan to do what I am doing, I can give them a better chance of surviving the rough terrain they have to travel to entrepreneurial success in Nigeria.

You see, there are certain people who are unwilling to do what it takes to achieve entrepreneurial success/significance with honesty and integrity.

Yet they will not let others who are ready do so!!

And this is why I believe, strongly too, that a true (read: honest, authentic, non-corner cutting) Entrepreneur in Nigeria, will (apart from doing all that I mentioned in the definition given earlier) must develop a gut-level instinct for self-preservation.

That instinct that will enable him/her successfully evade the many attempts that will be made to frustrate him/her – via the Nigerian Factor.

It was what drove ME to exploit my multipreneurial aptitude to generate multiple income streams – making it difficult for those who tried, to stop me.

And that is what keeps me going today.

I earn income via both active and passive streams, from a growing variety of channels and activities. And I LOVE doing what I do, the way I do it!

RELATED ARTICLES/USEFUL READING

1. BBC News – Letter from Africa: Doing Business in Nigeria

2. Pulitzer winner’s Nigeria newspaper 234NEXT stops printing

Why Farm CEOs Need to Read Non-Farm Related Articles (Hint: Like the multidisciplinry articles on THIS blog)

I believe, from over 2 decades of observation/experience, that one major mistake being made by conventional farm support specialists is that they focus mainly – sometimes exclusively – on farm related issues, in serving farm business owners.

This can be self-defeating, because other aspects of the farm owner’s life can – and do! – interfere with his/her ability to make progress with the farm!

Farm CEOs are human beings like the rest of us: they have to balance different aspects of their lives!

That means virtually everything that we have to contend with in life, outside their core vocation is what they most likely also have to deal with.

Most people do not think about it, but many times stuff that happens in other parts of our lives can – and do – affect our ability to function effectively and successfully in our chosen vocations.

Indeed, many of the most successful people in the world get to be that way because they develop strategies to keep firm control of other areas of their lives, so that nothing interferes with their ability to focus on the core purpose they have.

That’s why many top sportspersons have personal managers, and other people they pass their routine chores to. Down to getting their laundry done, these guys readily pay good money to have someone else handle such tasks.

Farm CEOs can also get very busy, and quite often their work may require spending long periods trying to set standards in place, and study trends to take the right decisions. If they have other areas of their lives going out of control, this becomes more difficult to do.

That’s why this blog’s articles categories are multidisciplinary: I like to see the big picture and offer complete solutions

It goes without saying that some visitors to www.tayosolagbade.com will have wondered why I don’t just write ONLY farm business related stuff all over my website.

Well, the above case in point is the major reasons.

My multidisciplinary write-ups are designed to offer potentially useful best practice information and education, on different aspects of life, in a way that enhances people’s ability to succeed.

Those who pay attention will notice I often use farm related explanations in most of the examples I discuss in my articles.

But as with everything else, the lessons offered can be applied or adapted to suit the needs of people in other fields. And they are. Which is why I also get feedback and enquiries from prospects and clients in non-farm related fields.

Below, I discuss each of my blog categories, and how they are relevant to farm business owners, and their workers.

NB: It’s quite likely that many of them who have visited in the past probably never thought of it this way before. So, I guess I should say: “Now you know!”

1. Parenting

With the exception of those yet to have offspring, Farm CEOs typically have spouses and kids they live with. Whatever happens in that home can – and does – affect the farmer’s state of mind.

Kids in particular, can be a challenge for any adult. I say this as a father of 4 boys and 2 girls. And I also say it as one who has had to endure years of being unable to independently provide for them – while struggling to establish myself as an entrepreneur in Nigeria.

Parenting has little to do with how financially well off you are. After all we know of many people who are financially successful today, whose parent(s) raised them while battling crippling poverty.

However, the training instilled in the kids by the parent(s) helped them develop the character needed to later achieve financial success in life.

The story of Ben Carson, the famed American Neurosurgeon in his book – “Gifted Hands” – describes an excellent example of what I call World Class Parenting – by his mother.

My articles are experience based.I draw from what I went through in my childhood years, as a very naught teenager, before I reformed myself. And I add to that what I did to coach other people’s kids to achieve excellence in my early adulthood.

Lastly, there’s the VERY challenging experience I’m, having currently as a parent to 2 teenage boys, and their siblings.

Some of those who have read my articles on parenting have commented on how useful they found them. Several of my articles have been syndicated on parenting websites outside Africa – in the USA for example. I believe that’s a sign that there’s value to be had in them.

As a farm CEO, with kids, these articles are for you to study, in order to do a better job of parenting your kids. Make use of them.

2. Career Development

I have noted in the past that a growing number of Farm CEOs purchasing my products are persons who hold day jobs. A good number actually work with large companies (e.g. oil service multinationals), and run their farm businesses on the side.

They often use the salary they earn – and/or loans or grants from their employers – to finance their farm businesses. It goes without saying therefore, that their continued good performance at work is crucial to the long term survival of the farm.

Of course, at some point, with good management, the farm business is bound to become self-sustaining. However, depending on the kind of enterprise it is (e.g. poultry layers, broiler, piggery etc), some need for the security of “extra income” to meet periodic shortages may remain for a while.

And even if that’s not the case, discussions with some such farm CEOs suggest they are planning to keep running their farms on the side till retirement – which is not due for 5 or more years.

I have a track record of high performing success from my 7 year stay in a world class multinational. I started as process manager, and later become a people manager  – competently holding senior management positions.

What’s more, I received exposure to a wide variety of high profile training on best practice performance improvement and people coaching in the workplace. All of this equips me to help others.

So, Farm CEOs pursuing careers during the day can really benefit from reading my Career Development write-ups.

Many of them have been extensively syndicated online. Some got me invited to speak in places like the Centre for Management Development, while others have been published – with my permission – in international journals.

3. Entrepreneurship

I have written severally in the past about the need for farm CEOs to realize that they need to think like entrepreneurs, if they want to succeed – indeed excel.

My ideas have gotten me invited to speak to audiences at events like Yaba College or Technology’s Centre for Entrepreneurship Development.

That’s apart from many which have been republished across the web, since I began using article marketing in 2005.

With Farm CEOs, I have hammered on the need to develop competent sales and marketing know how. Too many of them still thing traditionally. They focus on producing and then start waiting for buyers to come. If you want the best prices, and you want to make timely sales, so as to maximize your farm output capacity, this is an aspect you cannot ignore.

My articles on entrepreneurship can help you.

4. Writing/Blogging

If you’ve been reading my writing for a while, you will know that I have repeatedly stated that farm CEOs need to adopt writing as a strategy for “farm business promotion”. Apart from being zero cost, more or less, it also helps them develop marketing credibility and ultimately achieve authority status.

Why is this important you ask?

Well, we are not all equally ambitious. But why come to the match if you don’t intend to give it your best shot? I argue that farm CEOs should aim to generate income via multiple channels – including those NOT directly related to farm product sales.

How? Well, sell your expertise as a Farm Business Expert. You are effectively already a consultant, by virtue of your being a farm CEO!

Get started by WRITING regularly, to share your experiences. Use a blog – at the least.

Don’t stay on paper – you’ll achieve less reach and impact. Tell readers about successes and failures and what you did to get there. As your writing evolves, package yourself to offer solutions to those aspiring to do what you do, or others who have begun, but need help.

E.g. business plan preparation, farm start-up consultations, feasibility studies, farm personnel training. You could write manuals to help others who come to you – they would pay – gladly too.

Because you already have a farm, they are likely to take you seriously. And when you ask them to pay, they will.

I say this as someone who still has not started a farm business, and yet get farm CEOs from within and outside Africa sending me payment for products and services I offer them.

Want to know more – or need help? Click here to send me a message.

5. Public Speaking

And lastly, people may wonder what concerns Farm CEOs with public speaking. Some may even ask how a farmer can possibly expect to be a speaker.

Well, I argue that if tie-wearing agriculture experts, who only lecture and do not run their own farms, can get paid to address audiences of farmers on farm business, then Farm CEOs can do the same too.

The thing is that too many people fail to think outside the box. Should farm owners, with the right training and preparation, not be able to SPEAK to audiences about what they do. Should they not be able to SHARE their experiences with researchers and farmers from other parts?

Think about it. Some farmers are making smart improvements in the way they run their businesses that others could benefit from.A Farm CEO who can prepare, package, promote and present his/her ideas attractively CAN get invited – as a paid speaker – to international conferences, to share his/her story.

You can plan to do it locally, and also internationally, making intelligent use of the web. And this can open doors to finding better (and bulk) buyers for your farm products in the process.

This is why I offer articles on public speaking. Read them and apply what you learn.

Want to know more – or need help? Click here to send me a message.

6. Self-Development

The study of 1 to 5 above will more or less be an exercise in self-development.

But it goes beyond that. Your physical, mental and emotional fitness also need attention. Regular physical exercise, along with diligent investment in leisure to eliminate stress is crucial to keep yourself going. You cannot afford to let yourself break down.

So many of my articles on Self-Development have been widely read and republished. You would do well to study them.

Final Words: As you can see, Farm CEOs will find some of the above useful at various times in life.

As with everything else, you may not have career concerns today, but a parenting challenge could be on your mind as you drive to your farm.

If you’re lucky, browsing through the parenting articles archives on this blog may turn up something useful (try it now).

Some other day, you may have received an invitation to deliver a talk on Poultry Farming to students in a university…..and you may be wondering how to go about it. The archives section of my Public Speaking IDEAS newsletter may come in handy.

In other words, I am saying that if you’re a farm CEO, virtually all the major products and services on tayosolagbade.com are created with YOU in mind. (No offence to my other clients in various industries, but farm businesses are my primary target audience.)

So, even when you see an article title that does not relate with farming, REMEMBER that you are first and foremost a human being. And you well being, your state of mind, will have an impact, directly or indirectly on your ability to run your farm business competently.

As such, anything that can affect you inn that regard needs to be carefully nurtured. This is why feeding yourself with useful tips, and information, to take care of those areas of your life would be a wise thing to do.

www.tayosolagbade.com offers you a continually growing library of potentially useful resources you can tap into.

Don’t be a stranger – visit daily and learn. In fact, go a step further and subscribe/join the mailing list, so you get notified when new stuff is published. You can only get better that you currently are!

Life is NOT a Competition to Be Won at All Costs (Be It In Business or Society at Large)

UPDATE: 4th October 2024

  1. LISTEN TO THE PODCAST: Click https://youtu.be/llt2Ph1ykhg to listen to the audio on my YouTube Channel.

 lifeisnotacompetitionUPLOADGIF

2. DOWNLOAD THE PDF VERSION: Click HERE now.

Life Is NOT A Competition-shot1

A client once said to me (not exact words):

“Tayo, over-invoicing will not reduce the money you make from a project. The person who requests that you inflate your invoice amount over your actual fee, simply wants a piece of the action. When payment is approved by the company, you still get paid what you charged.”

I replied to say I would NOT accept to put an amount on my signed invoice, that was different from my officially quoted fee for the job. Anyone who wanted that would have to get someone else to do the job.

I had just finished work on an Excel-VB application I built for his company…

It was an automated spreadsheet based version of a massive 2 part reference document used by professionals in a certain industry. He had engaged me to develop the app, branded in his company’s name, so he could sell it to a large multinational client of his.

As a consultant, he worked with client companies to make use of that voluminous reference document, in tackling a variety of work related crisis or disaster situations.

Due to the sensitive nature of the work to be done, it was imperative that each client’s responsible officers equip themselves with the ability to quickly find needed information in the document.  This was however quite difficult to do using the 2 volume paper version.

When he saw the cost-effective applications I’d built for other clients using MS Excel-Visual Basic, he asked if I could develop an easily retrievable dynamic spreadsheet database version. I told him I could. We negotiated, and he agreed to pay N100,000 in full upfront, so I could deliver the app in 10 days.

On the day our discussion happened, I’d delivered the completed app on CDROM to him. Before then I’d successfully completed a web development project for him, for the same amount.

However, before we parted, he noted that I was so good at what I did, but that with the views I held, it was unlikely I would get big client projects that would reward my skills handsomely.

We had been down that road before. I knew what he was getting at.

I had been with him, when a client representative called and demanded  “more” than had been originally agreed, before a discussed project he had put in a bid for, would be awarded to him. After he ended the call, he’d grumbled to me that the man was greedy, but that he had no choice but to give in.

I’d told him we all have choices, noting that personally, with faith in my abilities and the confidence that the creator rewards honestly and integrity, I would resist such advances. But I added that I was not judging him in any way, since we both knew what doing business in the Nigerian society was like.

He was however not satisfied – choosing to literally lecture me about over-invoicing, and why it was not as bad as I made it out to be.

That day, we parted ways smiling. But I’d stuck to my views.

You see, all my life I’d gotten ahead in every endeavour I ventured into, without cutting any corners.

And I was resolute in ensuring that I did that. Today, I remain resolute in ensuring I DO that!

This drive of mine comes from the VERY vivid memories I have of my pre-teen and teenage years when I repeatedly got into avoidable trouble, giving my parents a lot of heartache.

After I got suspended for 2 weeks, for abusing my privileges as Health Prefect, in secondary school, I vowed NEVER to knowingly do wrong again – regardless of pressures.

And I have stayed true to my promise.

But here’s the irony: The society which had rebuked me repeatedly in my formative years, for doing wrong, has dramatically evolved since then to one that no longer holds those values dear.

Back then, even though things were not perfect, people still prided themselves in making money via honest means. They still challenged their children for cheating, stealing, etc.

Today, in Nigeria, most parents do the exact opposite.

Click here to read a recent article I wrote that describes a shocking incident (during the 2014 JAMB exams) that symbolises the widespread decay in today’s Nigeria.

In virtually all facets of society today, it is now almost suicidal to openly or publicly adopt a stance of being incorruptible. And being willing to do the right and honourable thing has a way of making a person more enemies than friends – even among the Nigerians one aims to help by doing so.

A recent example would appear to be the bizarre result of the just concluded Ekiti state governorship elections. Click the preceding link to read a poem by Prof. Niyi Osundare, who ridiculed his fellow Ekiti kinsman (the “winner” of the election), in a poem titled “The People Voted their Stomach-Blues for an Arrested Renaissance”.

The above confirms what I’m saying, that those who do right, with honesty and integrity in Nigeria, (I mean those who actually PRACTICE what they PREACH!) often – though not always – end up being the ones who succeed the least.

Those who cheat, steal, lie, deceive, extort, exploit etc, are today the ones who make more money, who get high exams scores, who gain top admission slots, who pass interviews into the best paying jobs etc.

As a start-up entrepreneur, back when this client of mine spoke with me, I recall many others I interacted with offered me “wise” advice against continuing the way I was headed.

He’d told me I would find it hard to breakthrough. He’d asked me to think of how that would affect my family – in terms of my ability to earn enough to care for them.

The others echoed his “wise warnings” as well. And that included relatives and friends.

One person, a fellow volunteer with an NGO had bluntly told me “Tayo’ people like you end up being frustrated out of Nigeria!”.

[NB: Hmmm…maybe he was right. I am actually doing better today because I moved out of Nigeria. But contrary to conventional wisdom/practice, I did not have to relocate to Europe or America. Just a short trip to neighbouring Benin Republic was enough to enable me get better results for my efforts! And here’s the irony of it all: Over 80% of my clients/buyers are Nigerian CEOs based in Nigeria!]

If truth be told, none of what they said has turned out to be a lie.

I have experienced the full treatment. 99.95% of Nigerians I have had to do business with have displayed the habits I was warned about.

As a result I have suffered great bouts of severe cash shortages, and experienced countless heart-breaking struggles. All because I chose to be upright in my business dealings.

Now, some people will read this article and argue that I’m trying to make myself look like a saint.

They will also claim they have done what I say I’ve been doing.

Well, I can only speak for myself.

However, if you have boldly insisted on not doing any of the dirty nonsense that quietly goes on in the business world and general society of Nigeria, then you cannot deny that those who follow that path often suffer great hardships, and most fail as a result.

Only persons with a rare brand of courage and persistence (to paraphrase James R. Cook, author of The Start-up Entrepreneur), can survive doing business in Nigeria, without cutting corners of any sort.

And they will be people willing to endure humiliation and deprivation on many fronts, for prolonged periods.

In my experience, such people are hard to find in Nigeria. Or indeed across the African continent.

I’m not judging here. Just stating my observations based on 12 solid years of relating with people across this geographical space as I have pursued my dream.

Yet, my success today, proves it can be done: And that my approach ensures LONG TERM repeatable achievement of authentic success.

The only challenge adopting it may pose is that it is SLOW. Often it can be VERY slow…

…Most people out here don’t like THAT!

I still recall my above mentioned client gleefully driving down to show off a new (imported second hand) car he’d bought just after getting paid by his multinational client company.

It amused me to see that he thought doing so would impress or sway me. He did not say so. But his body language shouted it so loud it was deafening.

I felt so sorry for him – because past experience had taught me that anytime one gets something one had not earned, universally applicable laws begin to SILENTLY exert their influence to redress that imbalance.

You may not know it, but one way or another, you will eventually pay the penalty for it. What’s more, since you did not earn it, you will perpetually lack the competence to repeat that “success”.

And so, to record more of such successes, you will be forced to do the crooked things you did before. Sooner than later, you will be unable to do without doing it.

You will effectively become a phoney.

It does not matter if only you know it. What matters is that in your heart the truth will be obvious – and of course your creator will be just as aware as you.

I do not do religion. But I have a VERY close relationship with my creator. And it is with his guidance that I have found the direction to build my brand, and succeed progressively – in spite of great adversity – the way I do today.

My faith keeps working for me. And the results are obvious.

The resulting competence I have, enables me bounce back from setbacks to new heights of success.

This is why I am literally unstoppable today!

And now, more people are discovering me, and reaching out to benefit from my knowledge and expertise, by inviting me to speak to their team members.

They invite me unconditionally. I never need to offer them any gratification, and they readily pay my fees to hear me speak, or to hire me to implement solutions for them.

That says it all doesn’t it?

Final Words: That is what I like to call being AUTHENTICALLY successful!

I’d rather take 12 years to achieve that, than do over-invoicing, or any other naughty things, so I can build a house in 5 years.

Many people do not realize it’s futile to be in a hurry to succeed. There’s no point competing to get to “success” before others.

Life is NOT a competition you have to win ahead of others at all costs.

We all have our roles to play in this world. Be it in business or society at large. What another person does cannot stop you doing what you are meant to do.

I wish you well as you pursue your definition of success in life – and I hope your faith in the creator will make you take the honourable path to achieve it

Good luck!

To Succeed, Let Your Reputation Precede and Speak for You

Today, I delivered a one hour talk to members of the media unit of (name removed for privacy) Foundation, in Ota, Ogun State Nigeria. It was a small group. But no speaking event is EVER small. As such, I prepared for it like I was going to speak to members of a CEOs club.

It pays to always show up as represented…and I share a true story that confirms this, in the rest of this piece…

Here’s something that’s very useful to keep in mind.

When potential clients are considering your services they often have fears that influence their decision making.

Among other things, they want to make sure they get what they pay for. And they also want to see how they can pay a reasonable fee (read: as little as possible) to get everything they want.

To get chosen by profitable clients, you have to make yourself stand out from the crowd, by having a unique offering that’s hard to ignore.

Let me explain by sharing details of a discussion I had with a “friend” who referred me to a new client. He said the client had received enquiries from potential partner organizations about teaming up.

However, the latter wanted to learn more about the client’s organization, so they could be sure they were on the right track. Not surprisingly, they asked for a website – among other things.

The client told my “friend”, who happened to be a member of the board. The latter went out to speak with several website developers. But, according to him, each one he spoke with did not say anything like what he knew I always told my clients I would do for them.

For instance, I explain that what I deliver as a website will, if used as I advice it should, help the client make more profits by LOWERING cost of sales leads generation, while boosting marketing reach and impact.

That’s a 2-in-1 offer right there.

Either way, the client knows such a website is likely to leave him/her better off at any point in time. And s/he will not be willing to pass it up.

However, I don’t just say it with words. I actually offer real life examples, case studies and true personal stories, to back up my claims. This was what my friend knew, that made him struggle to accept what the website developers he spoke with told him.

He told me the enquiries from the prospective partners indicated only a website with the features I described would be best to present to them. So he told the client it would be best to contact me, and find out what it would take to have me build such a website for them.

We had a meeting, and the client upon speaking with me, decided he wanted me to handle development of what I told him would be a Web Marketing System.

Everything I have said above relates to the NGO I spoke in this afternoon. And the “friend” I mentioned is actually a relative (my uncle to be specific).

At the end of the talk, I began preparing the following files to burn on to the DVD I promised to leave for them to study:

1. The Power Point presentation file (which I never used) for my talk titled “Now That Your Website Is Up,. What Do You Do Next? Practical Ideas for Making Profitable Use of a Response Generating Website”.

Screenshot of the Power Point presentation file (which I never used) for my talk titled "Now That Your Website Is Up,. What Do You Do Next? Practical Ideas for Making Profitable Use of a Response Generating Website".

2. Three MP3 audio files for my 3 part series titled “Why You Need a Web Marketing System(WMS)”

3. A PDF version of my article (on which the talk is based) titled “Now That Your Website Is Up,. What Do You Do Next?”

NB: To get copies of one or more of the above, click here to send me a request.

While I was burning the files on to the DVD using my laptop, the client walked up and said “What will you need to get started on building the website”…and I told him…

You will agree with me, that he would NOT have asked that question if I had failed to deliver a talk that convinced him going ahead would be okay.

Screenshot of the autorun menu/screen of the DVD I gave to the NGO

And that’s what it means to show up as represented!

First, he was told about me by someone else. Then during a first meeting, I impressed him enough to make him ask how much it would cost to have a WMS developed and implemented for his organization.

What’s more, he was so enthused about the ideas I shared that he requested that I deliver a PAID talk to members of his team, so they could adopt the required mind set I told him was needed to make effective use of the WMS.

Then after I delivered that talk, he was satisfied enough with what he’d heard, that he went on to ask what I would need to start work on the website!

See how it began as a probable sale, and now it’s headed towards a full sale. At each stage I simply had to show up as represented.

If you want to be able to boost your chances of winning prospects over (even if you’re a NGO, this applies!), use this approach. It never fails.

Final Words: If you want to really do it right, you WILL need to develop and implement a WMS with which you will subtly “sell” yourself.

Most of what I said to my client at our first meeting, and the audience during my talk, was based on successes I achieved with my WMS.

I simply told one relevant story after another to reinforce the points I had to make at every stage. And it worked. It will always work. You just need to know how to use it.

If you’d like to learn HOW, click here to tell me.

How To Make Yourself IMMUNE To FRUSTRATION!

On Saturday (28th June 2014), I’ll be delivering a paid 1 hour talk to members of the Media Unit of an NGO in Ogun state, on the invitation of the CEO, who I met with yesterday, here in Lagos. Attendees will hear stories of exciting successes I recorded via diligent application of ideas I describe in this article.

[By way of interest, the talk I will be giving is titled “Now That YOUR Website Is Up, What Do You Do Next? Practical Ideas for Making Profitable Use of a Response Generating Website“. Click here to view the PDF flyer]

Below, I use a very interesting interview of a millionaire entrepreneur as a basis for explaining WHY and HOW, having what I prefer to call (as some others do) a – MAGNIFICENT OBSESSION, can make you totally immune to frustration in any form.

(To learn more about what it means to have a magnificent obsession, read my Self-Development Bible titled “Ten Ways You Can Use Self-Development To Create The Future You Want”. If you have not yet downloaded it, sign up for access to my downloads page here!)

If you really want to be able to achieve the goals you set for yourself in life INSPITE OF the obstacles you encounter – like I am currently doing.

If you want to be able to repeatedly surprise the “doubting thomases” who question your ability to achieve your seemingly impossible goals, then you NEED to become OBSESSED with it!

This was the main thrust of the message given by Simon Woodroffe OBE, a billionaire entrepreneur/co-founder of the Yo! Sushi restaurant chain in the UK, in an interview text I read reproduced on page 36 of The Nations Newspaper of Wednesday 19th December 2007.

By way of interest I will mention that I came across this interview because I chose to “find something for my eyes to do.

This happened while waiting in the reception of the Lagos Country Club to see if I would be fortunate to be granted audience by the Club President.

I did not get to see the Club President then (and have not done so till now).

But by borrowing a newspaper from the person seated next to me and reading through it, I discovered this extremely valuable interview of Simon Woodroffe that made the time I spent in that club’s reception worthwhile.

Below I reproduce some of the questions he was asked with paraphrased versions of his answers:

Question 1: How important is it to take risks? 

Simon answered that he has found that there is no right way or wrong way. He added that one thing he found common to all successful people is that they (to quote him) “do not go around succeeding all the time”.

Simon explained that successful people are always prepared to make mistakes, or get it wrong (i.e. fail) and suffer the consequences – which frequently will include being “rejected”.

This by implication means that successful people don’t mind taking risks and sticking out their necks to venture into uncharted territory – trying to do what has not been done before. They adopt this attitude and approach knowing that if they fail, they can always get back up and try again.

Question 2: How did the Yo! brand begin? 

Simon started by stating that he left school without passing his certification exams at the age of 16 (see details via this wiki encyclopedia link :http://en.wikipedia.org/wiki/Simon_Woodroffe ).

He also pointed out that this lack of any formal high school leaving qualification made him adopt a “serious” approach to life early on.

Simon then painted an accurate picture of this situation by explaining that people do difficult things when they have no choice. They do not do difficult things because they want pleasure.

I think this is very powerfully insightful – and YOU should ruminate over it a while, calling to mind the lives and experiences of any successful persons you know.

It is instructive to note that Napoleon Hill described this aspect in his success philosophy by asking the success seeker to “burn all bridges”, so as to be able to maintain the “burning desire” to succeed in spite of the inevitable adversity s/he will encounter.

Question 3: How did you go about building something that was quite small to a multi-million pound business? 

Simon answered that a significant factor is the willingness of a person to let him/her self be in the right place to make things happen. That is, in addition to being able to identify the specific things that are holding him/her back.

He added that business does not really require a person to prove him/herself to be “clever” and also that life is not as complicated as many people make it.

One more thing he said which I feel compelled to highlight is that he does not think anyone – including himself – is really “very clever”.

Woodroffe added that the problem is that many people are just “lazy and stupid”, and that if a person can “get obsessed with something” s/he can do anything.

He ended by saying that he never woke up with a desire to be wealthy – instead he always woke up in the morning because he was obsessed with making his dream or goal a reality or afraid that all his plans were going to fail.

In essence what Simon meant was that a person who is truly driven to achieve his/her valued life goal will ACT IT. That’s because that DRIVE to achieve it will manifest as an obsession that will see him/her “hit the ground running” every morning, to continue working towards it from where s/he stopped the day before.

Now, I’ll end as follows: 

That you had a setback does not mean you’re finished. That you’re moving slowly does not mean you will not get there.

You must NOT let others tell you it’s taking too long. They cannot possibly know how long it should take because they are NOT from the future!!!

Your path to success will be unique. Pursue it – with passion and determination, and entertain no doubts along the way.

Believe me when I tell you that soon, you WILL begin to LIVE the life you dream of.

I am doing EXACTLY that already, and sometimes when I think about it, I am still amazed at myself and what I am achieving DAILY.

Your story can be the same too – just get OBESESSED today, and YOU WILL become immune to frustration.

I should know: my entire life – especially in the past 10 years – makes me LIVING PROOF that this is true.

1. Some introductory information about Simon Woodroffe:

http://en.wikipedia.org/wiki/Simon_Woodroffe

2. “Be Yo! Self” by Simon Woodroffe

Click HERE to read full article

3. The official company website

http://www.yocompany.biz/

You may find reading my articles linked below, which offer guidance in discovering one’s Magnificent Obsession, useful:

1. http://tayosolagbade.com/sdnuggets/how-to-make-yourself-immune-to-frustration/

2. http://tayosolagbade.com/sdnuggets/do-you-struggle-to-get-your-writing-done-finding-your-magnificent-obsession-can-save-you/

3. http://tayosolagbade.com/sdnuggets/ten-ways-you-can-use-self-development-to-create-the-future-you-want/

4. http://tayosolagbade.com/sdnuggets/no-157-deciding-what-you-need-to-write-or-speak-about-3-strategies-you-can-use/

5, http://tayosolagbade.com/sdnuggets/if-you-want-to-succeed-your-magnificent-obsession-mo-must-be-your-vocation-hint-let-your-mo-guide-your-choice-of-what-vocationprofession-to-learn/

PS: This article is based on excepts from a write-up originally published in Tayo Solagbade’s Self-Development Digest Newsletter on 17th January 2008, via www.spontaneousdevelopment.com

On Saturday (28th June 2014), I'll be delivering this paid 1 hour talk to members of the Media Unit of an NGO in Ogun state - click to download PDF flyer

To Achieve Success, Be Prepared to Give, In Order to Get (Lesson from an 11 year old boy, and his 13 year old brother)

This photo, is of a handwritten “contract” of sorts recently sent me by my (11 & 13 year old) sons. It reads:

“Tayo, we will do anything you and mummy ask us to do without grumbling, but we need a deal. The deal is if we do anything for anybody in this house without grumbling, you promise to buy us a ball. If it is a deal, sign here (my name appears with a line over it!).

NB: The “cover” reads “To Tayo”. From: <their names>…and it was signed by the 13 year old “instigator”…LOL!!

This happened a few weeks ago, when I visited my family in Lagos – Nigeria

They dropped it on my laptop, and promptly went into hiding!

Not sure what to expect, they pushed their (9 year old) sister to say: “Tayo, look there’s a letter for you on your laptop”.

By the time I read it, I burst out in uncontrollable laughter. Hearing that, they came out from their hiding places, grinning mischievously.

But they still pressed to know if I agreed!

I thought back to the many tasks I’d given them since moving to Cotonou last April (2013), and how well they’d generally performed.

Their mother had already trained the 2 eldest boys to do most kitchen chores, including cooking for the others – even when she’s not home.

On my part, each time I came home, I tried introducing something new I wanted them to learn or do. I assigned them various sections in the compound to sweep and weed out weekly.

Then I also challenged them to make pineapple peel based drinks and cakes I taught them to prepare, and find ways to sell them.

They did most of it, though sometimes it became a battle, and tempers flared a bit…!

As these thoughts went through my mind, I also recalled how I’d told them to always think of ways to negotiate for whatever they wanted.

Even with adults…including ME!

To never accept the options they were given without trying to see if better bargains could be struck.

Again, even with adults…including ME!

By the way, here’s why I keep saying “even with adults”…

It’s because in our culture, sometimes the need to show respect to adults, creates a mental block in the minds of young Africans, when they have to relate with older persons.

This makes some of them get taken advantage of when they become business owners, and have to serve older persons who have a tendency to be exploitative.

That brings me to the issue of why they do not call me “Dad, Daddy or Father”…

Actually, they dare NOT do that. I mean, call me “Dad, Daddy or Father”!

Over 3 years ago, I made it clear to all – including their (now 4 year old) baby sister, that I would not tolerate having any of them refer to me that way.

My experiences in dealing with so many adult Africans, both in and out of business, was primarily responsible for this decision.

As I type these words, I have a near septuagenarian client, that I did multiple jobs for last year, but who still owes me N100, 000…and has SHOWN he’s unwilling to pay up.

During our interactions, he repeatedly used his age as a bargaining chip (directly and indirectly) to get me to grant him concessions e.g. letting him pay in 2 parts as against one time up front, like all my other clients.

Indeed, he paid that way for the first project I did for him.

Yet despite the fact that I gave him that concession, and finished the project, he NOW no longer takes my calls.

Out of curiosity, to confirm if it was deliberate, I recently tried calling him from a relative’s mobile.

Even though I only tried once, he called back about 3 minutes later!

When my relative said she never called him (I deliberately did not tell her I’d used her phone, until AFTER), he still asked her if she was sure!

Yet just one hour after that, I REPEATEDLY called him from my mobile line. He neither picked up nor called back!

Experiences like the above made me decide to prepare my kids to be assertive in relating with older persons.

And if they find anyone demonstrating poor integrity, they have been taught what to do.

By letting them call me by name, I’m demystifying the myth about adults being infallible, not lying etc, which are subtly propagated in our culture out here.

Where did I get this idea? From the late legend Fela Anikulapo Kuti…who did the same with his kids!

But most importantly, my kids are being taught to avoid trying to get something for nothing…like some others do so often!

In the past they would simply walk up to me or their mother and say “I want a Coke.” Or sweets etc.

They had absolutely no conception of where money came from, or that it had to be earned!

All they knew was that it could be used to buy stuff they liked. Mostly fun stuff. Nothing productive.

So, I began asking them to tell me what they were willing to do to get the money they asked for.

And soon, we had all sorts of agreements.

Sometimes they would wash my car, or run errands they previously ducked, for their mother.

We found a mutually acceptable way of measuring what N50 (fifty naira), for instance, was “worth” in terms of work done. And we would agree a task to be done based on that understanding.

When they completed it, I gave them what they asked for.

Over time, when I saw they always spent it all, I told them I wanted to see them use their money for something productive – that if possible, yielded more money.

Next thing I knew, they began saving and buying themselves new slippers, biros, notebooks. Things they normally would have gone to their mother for.

They continue to learn of course…

The above “experiences”, I believe, led them to write me that “contract letter”!

Taking another look at my it, as they stood waiting for my response, I realized my plan was working…

But I also could not help wondering what I’d started!

I however knew if I backed out from the “deal”, they could be demoralized, even though we were all laughing about it.

Yet I felt it would be wrong to let them believe there had to be a reward promised, before they did chores at home, or went on errands for their parents.

So I told them I’d give them my response in a few months.

But that until then, I expected them to do all assigned tasks without grumbling anyway.

There were feeble protests, but they agreed.

And to their credit, they have been doing that for the most part.

That’s why I know I’ll be signing that “contract” this month (June) – specifically on their mother’s birthday, which comes up in a few days!

And I’ll be presenting them their balls – on that day too – as a surprise.

They are thinking the process will start AFTER we “sign”.

But, for me, they have  already proven themselves worthy.

So it will just be for them to continue :-)

Now, even though this piece is based on relations with my kids, my message is actually for ADULT entrepreneurs!

Many entrepreneurs out here need to realize getting paid for work by a client, is ONLY the beginning.

That’s such an obvious fact – yet many act like they do not know it!

Which is why we keep hearing stories about persons getting paid to do a job, and becoming difficult to get a hold of right after.

Or, if at all you can reach them, they tell silly stories, delay in giving progress updates, abandon projects half-finished, or deliver poorly finished work…to clients who trusted them enough to pay up!

Some claim they do that because a client(s) did that to them in the past. VERY childish excuse!

I’ve experienced exploitative clients, and over the years developed smart strategies to protect myself

Every business owner simply needs to do the same.

There’s no need to turn crooked because of it!

If you don’t know how, go online and read articles (there are tons of them) written by others like you (including me – here’s one), about the subject.

My most recent experience with the elderly client has made me STOP letting any clients pay me in part. Except a client I have absolute trust in.

And there are a few like that – we’ve been together for YEARS.

But I also have some I’ve known less than 2 years, who have shown themselves trustworthy.

For the rest, they have to meet my terms, or we agree NOT to work together.

If you choose to take from clients, without giving what you promised, you break a natural law.

There are forces in nature that will ensure you pay for what you’ve done.

And when it happens, you may find yourself worse off, than you have ever been before.

So, like they say in my language (Yoruba): Se rere (Do good…ALWAYS!)

If You Have a “Bankable Idea” Your Brain Can be Your Collateral (2 True Stories About People Who Did It)

Screenshot of my facebook post in which I quoted Ben Murray Bruce, President of Silverbird Entertainment as saying: '18th Century banking ideas in a 21st century economy will not work...My collateral is my brain...The days of asking people to use their lands, houses and property to secure loans are gone!' This was in a TV interview about his proposal for the empowerment of the 'silent majority' at President Obasanjo's special forum with entrepreneurs.

The above screen shot shows my Facebook post quoting Ben Murray Bruce, President of Silver bird Entertainment as saying: ‘…My collateral is my brain…”. Basically arguing that financiers (individual or corporate) need no physical collateral from people with “bankable ideas”.

I saw his point, and agreed with him.

However, like I said in my post (and as the comment of a friend –Chukwudi Ernest Awazie indicates) nothing has changed since he said those words, about 10 years ago!

But a question Ernest inserted right at the end of his comment got me thinking…

He wrote:

“…But, is that the recent or has been happening norm in developed countries?”

That question inspired me to write THIS article.

We need to appreciate how things we struggle with, WORK in other climes, to understand what we CAN do in our world, to make things work better.

Virtually every word that follows below was typed on the small keyboard of my Blackberry Pearl 9105 smart phone, under 20 minutes.

I did not stop till I was done. If you are familiar with that phone, you know it does NOT allow for two-handed typing.

That should give you an idea of how INTENSE I was in putting this together. I simply could NOT bear to wait till I put on my laptop!

Hopefully, you’ll find this to be useful reading…

Maybe I’m asking for too much from Nigeria, it’s people and the organizations they run.

You see decades ago, in developed societies. Even before Thomas Edison’s time, “Bankable Ideas” had ALWAYS enjoyed access to ready financing.

People who had such ideas earned the recognition and support of those with access to what was/is aptly called “Risk Capital”.

How else do you think Edison managed to keep going “trying” many different experiments and failing for so long before breaking through?

E.g. Until he discovered the tungsten filament that made his invention of the light bulb possible?

 

Remember that he had to maintain a lab, with equipment and staff to pay salaries too.

Without funding, he could not have gone far.

Note also, that Edison only had a few months of formal schooling. So that would have been a handicap of sorts at first!

And since he had not yet succeeded in a major way, at the time, he had no serious claim to fame that could have gotten him funds.All he had were his ideas – and the practical purposes to which he applied them for ALL to see!

With courage, and persistence he proceeded.

The people who went on to back him were not bankers. They were mostly wealthy individuals or groups, who saw an opportunity to grow their fortunes via mass marketing profits, if his idea, that they saw had useful potential, worked.

And it eventually did.

Those financiers were not eternally patient either. Some complained whenever they felt “results” were taking “too long” in coming.

One account I read has it that Thomas Edison once told those not comfortable with the rate of progress, to feel free to pull out.

In other words, he wanted them to be in it for the long haul, like he was. They had to be willing to trust his judgment, and genius.

His famous statement (below) was made when an associate suggested there was no point doing more experiments, since he’d not gotten any results:

“Results! Why man, I have gotten a lot of results! I know several thousand things that won’t work.”

(Source: http://quoteinvestigator.com/2012/07/edison-lot-results/ )

Talk about keeping the right perspective about what you’re doing. That’s what Edison did that made him so successful.

Those who stuck with him reaped the rewards for their patience.

Without “Risk Capital” invested in the idea from “Edison’s brain”, the light bulb we all take for granted today, would not exist.

Who knows, we would probably have continued using some advanced “lantern” of sorts!

Everything I’ve Said Above Also Applies to Edison’s “Rival” of Sorts: Nikola Tesla

Tesla achieved fame and recognition for his achievements in electricity generation – filing an impressive number of patents under his name.

I’ve used lots of anecdotes from Edison in past articles. This article offers one or two from another man who used his “brain as collateral”.

Below is a screen shots that shows an excerpt of how Tesla went from being penniless, after losing his company, to starting a new company, and going on to even greater successes.

Screenshots that shows an excerpt of how Tesla went from being penniless, after losing his company, to starting a new company, and going on to even greater successes. Note that during the "interval" before he found new success, he had to actually WORK as a ditch digger, for $2/day! He was quoted as having questioned the value of his education during this period.

Note that during the “interval” before he found new success, he had to actually WORK as a ditch digger, for $2/day! He was quoted as having questioned the value of his education during this period.

Dear reader. I believe I know what Tesla felt to have made such a comment…

Some of my entrepreneurship talks involve telling my audience how I developed a near hatred for “traditional schooling” during the really dark YEARS I endured as a startup in NIGERIA.

Today, I’ve channeled that “anger” towards re-orienting all who will listen, about the need to augment what one learns in school, with practical lessons about what it takes to survive in the real world.

Click here to read an absorbing Wikipedia account of Tesla life history.

As you read it, notice the common theme of how with each loss or setback he suffered, Tesla he simply reused his “brain” as collateral to attract funding to enable him bounce back, continue work, or take it to the next level.

That’s what Ben Bruce was referring to!

Thank heavens for “Risk Capital” and the great minds that have been granted access to it!

A lot of today’s wonderful man made innovations and inventions would never have seen the light of day, without them.

Note, in the screen shot below, how ONE wealthy individual on his own “invested” a hefty $100,000 (One Hundred Thousand Dollars) with Tesla.

In this screeshot ONE wealthy individual on his own "invested" a hefty $100,000 (One Hundred Thousand Dollars) with Tesla. Only Tesla's brain was used as collateral - AGAIN!

This was apparently for pursuit of further research work in a specific area the giver hoped to reap benefits.

Sadly, Tesla diverted the funds into a new project he was working on. But the point being made here is that Tesla’s brain was the only collateral involved in that exchange!

The above shows that people of means can be won over, by an individual’s demonstration of COMPETENCE and PASSIONATE COMMITMENT to a cause.

And when you combine all that with being (what I like to call) an “Ideas Generator” and “Genius” – which both Edison and Tesla epitomized, it will rarely matter how badly you fall.

Your reputation would basically speak for you!

You will be most likely to subsequently find people willing to give you the money you need without asking for ANY collateral to secure it. That is of course, IF you do as Edison suggest by not giving up, and PERSISTING instead!

If you’re someone looking for financing or other forms of support for your idea, take note of what I’ve said above.

It’s the key to “attracting” and winning over those who can help you.

Entrepreneurship continues to flourish in most developed societies across the world up till THIS DAY, for the above reason.

In other words, it is still happening.

People with bankable ideas are still getting financing they need without using physical collateral.

The PC and Internet technology revolution has even taken it to a whole new level!

It’s now really up to every society to make the most of what’s obviously possible.

Do your research and you’ll see that what I say is true!

Interestingly, this also happens here in Nigeria/Africa, but not on the scale that it would have the incredible wealth generating impact that it does in places like America. Out here, the examples are few and far between.

I can say this because it has happened to me – as an entrepreneur – over the years.

But it has always been on a much smaller scale, that it could be.

Why?

Because we are basically, we are too risk averse for our own good.

Only when that changes will we – as a people – reap the fortunes of innovation and creativity that other societies we wish to emulate do!

In Nigeria/Africa, wealthy individuals, and businesses/finance houses that have funds, need to look out for good ideas to invest in, like their counterparts in developed societies do.

And when they find them, they need to apply the thinking described above, which has helped developed society produce the world’s top entrepreneurs, who in turn now create wealth for their economies.

The Cheapest, Most Reliable Way to Find Buyers (Hint: It’s NOT What You Think)

The first issue of my Self-Development Digest newsletter was published on Mon 5th Jun 2006. Six years later, in June 2012, it evolved into what is today my popular DAILY multidisciplinary Self-Development (SD) Nuggets blog, on which I publish my Monday Speaking IDEAS newsletter.

Truth is, it takes UNDILUTED passion to keep going, day, month and year after year …after year(!), doing something of this sort anywhere, especially as a Nigerian/African, living and working IN Nigeria/Africa!.

Many who start newsletters (online or off) often fail to keep it going this long.

I mean here in Nigeria/Africa. Visit many Nigerian/African owned personal and business web sites, and you will see what I mean.

Many times, the newsletter issue available for viewing is rarely a current one. If at all there is one on offer. Indeed you may find mostly stale and static content!

Why is this so? 

Well, it’s the mental attitude of our people.

We are too focused on getting the benefits FIRST. We want the results we desire to come quickly.

And if they don’t, we begin to discontinue any tasks or activities we feel cost us too much time, effort or money compared to whatever benefits they bring us.

The first to go will often be stuff that has to do with our GIVING of ourselves (e.g. newsletters/articles), without being sure of any returns from others.

What those who quit in this manner fail to realize…

…is that most times a little persistence, and diligent refining of our methods and strategies will lead to the results we want.

I am living proof that this is so.

My emails (and phone data) subscriber database keeps growing. And I keep getting surprised by the “increasing profiles” of those who choose to join.

More and more Nigerian professionals, corporate executives and CEOs subscribe to my newsletters.

In the early years, I only had people from South Africa, America, Ghana, Cameroon, Singapore, China etc. Today, I even get enquiries from Iran, Iraq, Barbados, and Saudi Arabia (A Nigerian IT expert who works in a high profile position with a government establishment).

But that’s not all – many now get back to me, and buy my products, PLUS refer my work to others.

As a result, I have discovered online discussion forums referring to my products and web sites, and seen traffic coming my way as a result.

Most importantly, people now readily make payments for different products and services I promote via my web site. It’s so great to see people willing to take such huge leaps of faith – sending money into my account, and then WAITING for 24 to 72 hours to get emails carrying my spreadsheet software, PDF user guides etc that they paid for.

There must be something I know – that others who say it does not work DON’T!

[NB: I should add here that most of what I say here is with regard to my spontaneousdevelopment.com

I refer to my former 9 year old primary domain that I lost on 4th May 2014.

Having said that, within less than a month of that happening, I moved – and refocused my content – on to tayosolagbade.com, drawing on what I learnt over they years, about my sales leads sources..

And it’s really paid off.

My web site conversation ratio has basically increased more than 3 fold today justifying my decision to NOT buy back my old domain from those who took it over.

It also validates my argument that domain names are NO LONGER as crucial to web marketing success as the QUALITY of web marketing content one turns out!

Do you need to get word out about yourself/what you do to others?

I urge you to start your own web based newsletter today.

Make sure you have a professional mailing list management software (I use a FREE one, that is extremely powerful) to send it out to subscribers, (and to sign them up).

Actually, you’ll also do well to run a blog – branded to subtly “sell” you (or your products/services) to your target audience.

In fact, to really get good value for your money or time, your best bet is to develop and implement a custom Web Marketing System(WMS).

I say that based on my decade long experience using the Internet to find buyers.

That will costs almost nothing, in the long term, when compared to what you spend using traditional marketing and advertising media e.g. TV, Radio, and Print.

For instance, apart from saving you lots of time, effort and money, a WMS will keep working even while you’re sleeping, attracting potential buyers via search engines and other channels.

This way you get a regular stream of sales leads naturally generated without your raising a finger.

I estimate that I close over 80% of such leads that come my way. And easily too.

How come?

Well, it’s because my WMS will often have done the hard job of “educating and convincing” them that I have what they need, BEFORE they contact me. Indeed THAT is why they go out of their way to contact me.

As a result, they typically come to me one or two steps away from buying!

3 typical questions they ask me are:

(a). How much is it?

(b). How do I pay

…and…

(c). How do I get it, after I pay.

Would it not be wonderful if you also had a system that so prepared buyers that they came to you READY to do business?

A system that helps you screen out those time wasters who are just curious?

I bet you would LOVE to have such a system in place, working for you 24/7 – like it does for me!

A WMS can get you such tangible results – and at low to zero cost – forever.

To learn more about how I can develop and implement such a WMS for you, email me via tayo at tksola dot com or fill/submit this form.

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What You Need to Achieve Web Marketing Success (4 Tips) – This features a special Web Marketing/Webhosting offer