While you deal with Nigeria than please read it FIRST

I’m a Nigerian resident in Nigeria and a sound businessman who always allows sound business judgement to dictate my actions. From my experience on this website just a little over 2 months. I discovered that the major swindlers on this site are from asia and they are in swarms. Making bogus claims and promising a lifetime bargain and asking you to transfer money to them.

Most of the so-called Nigerian scammers are usually school dropouts between ages 12 – 24 of average intelligence who post just anything on the web at unbelievable price. From Household items, plasma tv, watches even cell phones. I marvel endlessly at how people fall for such trap because A simple check will have revealed that doing business with such people is not worth while.

1. Nigeria doesn’t manufacture most of the items posted by Nigerians on eCommercePortal – that is one clue, most of them are imported into Nigeria from Taiwan, Dubai, China etc. The only Company that manufacture cell phones in Nigeria is ZTE and they don’t manufacture enough to export. If you want to import electronic items, then look at sources from which Nigeria imports them from. We are majorly a consumer nation not an industrial one per say.

2.Any Nigerian promising to sell Nigerian Oil, LPFO, aviation fuel, AGO, PMS etc from this site is a scammer. Allocations for Oil are usually snapped up immediately at NNPC because the demand is more than the supply. You cannot see anyone peddling Nigerian Oil on websites because the President himself has brought sanity into the industry.

FInally there are more honest people in Nigeria than dishonest people, if anyone makes you an offer that is too good to be true – shut down your emotions and greed quotient (GQ) and allow your sense of reason to direct you.

Except where a strong trust bond has been built i.e. several transaction completed successfully, never send a dime through WESTERN UNION, if you do well – you’ve just flushed your money down the drain.

Insist that you will do business directly through the bank – where the volume of transaction is huge – request an advance payment guarantee (APG) which makes the bank liable if anything goes wrong. when you are sent the (APG) get the address of the bank (independent of the sender) from the Nigerian Central bank http://wwww.cenbank.org/ open up correspondence with the bank independent of your Nigerian customer and ask them to send you a confirmation letter that the APG was issued by them. This keeps you in safe hands if anything goes wrong as the Nigerian Bank would have secured a collateral of the amount they are guaranteeing from the customer.

If you have been scammed by a Nigerian get in touch with the Economic and Financial Crimes Commission (EFCC) www.efccnigeria.org they will help you with the recovery of your money. In most countries of the world when you’re scammed your money is gone forever – but in Nigeria we are doing something about it and millions of dollars are being recovered and sent back to their owner annually. A sample success story is here:

If you want to do business in solid minerals, contact the ministry directly www.msmd.org

If you want to invest verify from the Nigerian Investment Promotion Council www.nipc-nigeria.org

If you have any problem or any company you want verified, you can get in touch with me, I’ll try to verify for you.

Nigeria is not as bad as people think, remember one bad apple doesn’t spoil the whole bunch

 

>We’ve never heard of you either!

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We’ve never heard of you either!

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>Assessing Your Company’s Export Readiness

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Answering these general questions about how exporting will enhance into your company’s short, medium and long-term goals will help determine your company’s readiness to export: What does the company want to gain from exporting? Is exporting consistent with other company goals? What demands will exporting place on the company’s key resources, management and personnel, production capacity, and finance and how will these demands be met? Are the expected benefits worth the costs, or would company resources be better used for developing new domestic business? Once you have decided to sell your products abroad, it is time to develop an export plan. A crucial first step in planning is to develop broad consensus among key management on the company’s goals, objectives, capabilities, and constraints. In addition, all aspects of an export plan should be agreed upon by the personnel involved in the exporting process, as they will ultimately execute the export plan. The purposes of the export plan are (a) to assemble facts, constraints, and goals and (b) to create an action statement that takes all of these into account. The statement includes specific objectives, it sets forth time schedules for implementation, and it marks milestones so that the degree of success can be measured and help motivate personnel. At least the following ten questions should ultimately be addressed: Which products are selected for export development? What modifications, if any, must be made to adapt them for overseas markets? Which countries are targeted for sales development? In each country, what is the basic customer profile? What marketing and distribution channels should be used to reach customers? What special challenges pertain to each market (competition, cultural differences, import controls, etc.), and what strategy will be used to address them? How will the product’s export sale price be determined? What specific operational steps must be taken and when? What will be the time frame for implementing each element of the plan? What personnel and company resources will be dedicated to exporting? What will be the cost in time and money for each element? How will results be evaluated and used to modify the plan? The first time an export plan is developed, it should be kept simple. It need be only a few pages long, since important market data and planning elements may not yet be available. The initial planning effort itself gradually generates more information and insight. As the planners learn more about exporting and your company’s competitive position, the export plan will become more detailed and complete. From the start, the plan should be viewed and written as a management tool, not as a static document. Objectives in the plan should be compared with actual results to measure the success of different strategies. The company should not hesitate to modify the plan and make it more specific as new information and experience are gained. A detailed plan is recommended for companies that intend to export directly. Companies choosing indirect export methods may require much simpler plans. NOTE: Many companies begin export activities hap-hazardly, without carefully screening markets or options for market entry. While these companies may or may not have a measure of success, they may overlook better export opportunities. If early export efforts are unsuccessful because of poor planning, your company may be misled into abandoning exporting altogether. Formulating an export strategy based on good information and proper assessment increases the chances that the best options will be chosen, that resources will be used effectively, and that efforts will consequently be carried through to success.

 

>Developing a Marketing Plan

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As you can imagine, many foreign markets differ greatly from each other. Some differences include climatic and environmental factors, social and cultural factors, local availability of raw materials or product alternatives, lower wage costs, varying amounts of purchasing power, the availability of foreign exchange, and government import controls. Once you have decided that your company is able and committed to exporting, the next step is to develop a marketing plan.
A clearly written marketing strategy offers six immediate benefits:

1. Because written plans display strengths and weaknesses more readily, they are a great help in formulating and polishing an export strategy.
2. Written plans are not easily forgotten, overlooked, or ignored by those charged with executing them. If deviation from the original plan occurs, it is likely to be due to a deliberate and thoughtful choice.
3. Written plans are easier to communicate to others and are less likely to be misunderstood.
4. Written plans allocate responsibilities and provide for an evaluation of results.
5. Written plans are helpful when seeking financial assistance. They indicate to lenders that you have a serious approach to the export venture.
6. Written plans give management a clear understanding of what will be required of them and thus help to ensure a commitment to exporting. Actually, a written plan signals that the decision to export has already been made.

This last advantage is especially noteworthy. Building an international business takes time. It usually takes months, sometimes even several years, before an exporting company begins to see a return on its investment of time and money. By committing to the specifics of a written plan, top management can make sure that the firm will finish what it begins and that the hopes that prompted its export efforts will be fulfilled.