Getting your business online

It would be interesting to know how most Nigerian businesses have survived without having websites so far. But then the reasons are not farfetched. Internet penetration in Nigeria used to be very low, so low that years before now the only way you could send an email, even business correspondences with sensitive information, would be to visit the local business center or cybercafé.

But 11 years of the telecom reforms have changed all that. Things have transformed dramatically in the last few years; recent figures released by the World Bank in 2010 showed Nigeria has at about 43 million internet users although the CEO of MainOne, Funke Opeke, put the figure at a less stratospheric 16.5 million. Even using the smaller figure, we can still ask the small to medium size business why this is not the time to have a website. After all, if all Nigerian internet users should form a nation, they would have a population more than 72% of all countries.

A business owner might question if there is a compelling reason why she needs to spend the hard-to-come-by money to put up a website and update it, which is a bigger headache than going online, when she has run a successful business so far? Absolutely! More than ever before, there are so many tangible and immediate benefits, and I will discuss some of them.

In the more developed countries, the average business website generates more business leads than any other means of advertising and Nigeria would rapidly reach that point as more citizens use the internet on a daily basis. Websites are indexed by Google and other search engines and when internet users search for information, your business website would be shown on the search results. You will be amazed at how many searches people from all corners of the globe make about products and information in Nigeria.

A business website extends its brand. Small and medium size businesses need good branding and reputation as much as bigger companies. For a small company, a well-done website can project a bigger profile and a more professional image than it actually has. This should provide leverage when trying to land a new customer.

Customers and casual readers can easily know about your company and other important information without having to work the telephone. People can contact your business using website forms and emails during your non-working hours. Your business telephone contact would also be a relief to anyone trying to call for more details than you have on the website. The opportunities are almost endless. A business with information about itself and its products and services will always trump competitors that cannot be found online.

You can effortlessly keep in touch with your customers by sending newsletters and can easily allow new ones to sign up. In fact, it is so convenient for anyone to keep in touch with your company progress by following the news items which can be posted online.

Printing and sending product information to customers is expensive and modifying the information with new product updates is no less burdensome. A website allows you to publish and update your product and service information easily and as often as you want. You can even tailor your website to allow prospective customers to interact with the information, such as configuring products to get pricing, in ways not possible with paper brochures.

By the time your business is matured enough to transition to ecommerce, sales can happen 24 hours each day to customers that could not have been reached in the ordinary course of business. If possible, you might even be able to run a business 100% online without much of a physical presence.

Nevertheless, going online can be a daunting move for the average business. Questions like what we should do; how much it will cost; who it for us will do; how we maintain this; constantly come up with no easy answer. While there are no clear-cut answers, having a business website is a whole lot easier than it used to be.

For a business that has never been online before, the first question is why should we have a website? Some of the reasons I have talked about, and countless others, would provide justifications.

So what type of website should we have? It could be so tempting to be carried away with the euphoria of having a website. Running before walking can only lead to broken bones. Without the resources and experience, it is almost impossible to have a successful big feature-rich website. So, it is better to start small and expand incrementally with sure, measured steps.

The business must also decide on a domain name – choosing an appropriate domain name could be a frustrating experience. A domain name must reflect the business name as it would be part of the brand. It must also be short and memorable because it is more difficult for customers to remember long or cryptic domain names. Decision must also be made on the Top-Level Domain to register the domain on. A Top-Level Domain, TLD, is the ending part of a website name such as .com, .com.ng, .org, etc. A business domain name, as a matter of professionalism, must be registered under the appropriate TLD.

Registering a commercial business under .org (for non-profit organizations) is a professional faux pas. If the desired domain name is not available in the .com TLD, the same domain name under a .com.ng would be appropriate as long as it does not infringe on any trademark.

Cost has been a big deterrent to going online for businesses trying to break even. But this has been due to ignorance. You can get your business online for as little as N1,600 a year and you could also spend millions. The electronic payments reforms in Nigeria now allows the use of the humble ATM cards (Visa, VPay and GTB MasterCard) to be used to buy domain names and hosting online without the hassles of getting an international debit/credit card.

Furthermore, there are countless IT companies that would build websites with reasonable budget without breaking the bank. You can even build and host a business website for free with Google or Yola.

A website is like a living organism; it needs constant care and attention. Leaving a business website without updates on news and products information portrays a business as badly run or clueless – the last of the impressions a business wants customers to have.

As she flew away, her wings whipped the air gently

She came on a quiet Sunday (May 19, 1946) but left on not such a quiet note. On April 7, 2012  DT Olowe was buried. A perfect example of what we should aspire to be.

She flew away serenely, never to be seen again. As her wings whipped the air gently; we the kids were supported by mortal men; those with the heart of gold.

On behalf of my siblings and extended family, I want to say a big thank you to everyone who has offered support, love and a shoulder to wet with our tears.

The good Lord shall be with you all.

Ojó á jìnà sí ara. Àmín

God Took His Angel Away

On September 28, 2009, my dad quietly left me behind to be with the Lord. I took comfort in my mum. An angel in flesh.

No one ever had a bad word to say about her. Stern and born a headmistress, but she had love thoroughly coursing through her veins, dishing help left, right, and center.

She ate through books like a proper bookworm. Always working. Super inquisitive.

God felt we have had it too good. Maybe we were getting too comfortable to think she was mortal like us. He suddenly and forcibly reminded us that she’s more of His than of us.

So on March 15, 2012, God took my mother away. Never for me to see her again.

Never to share a moment with her again.

I’m sad. Cranky. But yet grateful for the life she led.

When I grow up, I want to be like her.

Sleep well. DT Olowe.

From 6, then 5. And all the other numbers you can think of.

Lagos Cashless Initiative; Strapped to a Whimpering Rocket

The Cashless Initiative should rocket the economy of Nigeria to greater heights.

That was the plan.

Picture the Nigerian economy precariously strapped to the back of a badass rocket standing ramrod straight in the sweltering sun. Yes, the sun in Lagos is something else.

Then the CBN Governor steps forward gallantly to light the rocket with a lighted match (or is it cigarette lighter – now isn’t that dangerous?) expecting a loud boom, a shudder then after the smoke clears the rocket has taken us to nirvana. Ok. That didn’t happen. The rocket whimpered, rose a bit and crashed back with a thud, a thousand pieces of pewter Naira coins scattered in all directions; a lorry load of disappointment plastered on its metal face. Now Sanusi would know how ladies tied to one minute men feel. Utter dejection in the face of needed performance of a life-time.

Allegory aside, everyone knows that cashless initiative is going to be driven largely by POS (not what you think it is – it is Point of sales terminal). POS needs connectivity. Connectivity is only possible with mobile data. That is standard in Nigeria. Anyone who talks of wired broadband for something like POS should be strapped to a gurney at Aro.

That brings us to state of mobile data in Nigeria. This is a market that is practically begging to be exploited and yet the Telcos are not better than POS (the other one). Heard that NIBSS got into bed with MTN and Glo for POS connectivity but all I have gotten are screams of anger by frustrated card holders because POS don’t work well with POS (other one one) connectivity.

Truth is either the Telcos are greedy, myopic or both. A greedy Telco is smart, at least driven by greed to make profit. A myopic Telco could be saved if the CEO could run down to the optician around the corner. But a greedy myopic Telco is an abomination. Heard that there are over 2.5 million Blackberry ping away in Nigeria yet each of them sends at least 10 swear words to their mobile provider each day. Imagine the millions of debit and prepaid cards in Nigeria swiping away and yet the POS wouldn’t work.

What can be done? Maybe the Banks or the POS providers should come together to have a jaw-jaw with NCC (the folks that hand out telecom licenses) to create a company dedicated to providing mobile/wireless connectivity for financial terminals (think ATMs and POS – the real POS not the other one). The company wouldn’t run voice or be commercial and we can free ourselves from the one-minute rockets. At least that is what banks did to create NIBSS, ValuCard and InterSwitch.

Bankers can be quite resourceful when money is to be made.
2 months later, Sanusi is back again. Walks gingerly to the rocket and presses a button after counting down. The rocket let out wailing scream and it lunches Nigeria into the stratosphere of cashless society.

America goes Fish, Chip and PIN (EMV), at last

What most people find hard to believe is that USA, and India, two of the most technological advanced countries (well, it could be tough believing that for India if you have been there) still use magstripe cards. Magstripes are unsafe (easy to clone and super error prone) and so yesterday that I wouldn’t be surprised if Moses paid for things with that in the desert.
Finally, heavens intervened. Visa and MasterCard, in USA, are migrating their credit cards to EMV standards by April 2013 (Fish, Chip and PIN). Now that counts for something as most Americans prefer credit cards (easy money) and there are more of that circulating around than debit and prepaid cards.
So good bye to card clone frauds. But trust those boys, they are  coming out with something else soon 🙁