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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

eldavis
eldavisEnlightened Mentor
Asked: September 25, 2023In: Money & Business

How do you generate customer referrals

I have seen cases where customers refer a particular business to someone else, how do you get your customers to refer your business to others?

I have seen cases where customers refer a particular business to someone else, how do you get your customers to refer your business to others?

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  1. Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 25, 2023 at 2:33 pm

    Generating customer referrals is not any kind of rocket science knowledge, but to successfully generate referrals to your business through your present customers you must make sure that the goods and services in which your present customers purchase meet their needs and wants perfectly. Customers anRead more

    Generating customer referrals is not any kind of rocket science knowledge, but to successfully generate referrals to your business through your present customers you must make sure that the goods and services in which your present customers purchase meet their needs and wants perfectly. Customers and clients to a business organisation are ready to give the business organisation their loyalty and trust if and only if the business organisation satisfy their needs and wants perfectly through the selling of goods and services. That obviously demands that the business organisation sales and render high quality and reliable goods and services to customers and clients, so that when their needs and wants are met, they will always want to tell their family members friends or colleagues about such a wonderful products your business offers. On the other hand you can earn customer referrals through word-of-mouth interaction with your present customers, by openly telling them to also tell their friends and family members about your products.

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eldavis
eldavisEnlightened Mentor
Asked: September 8, 2023In: Money & Business

how much do i need to startup a drop shipping business?

i heard drop shipping is one of the most lucrative business to go into for students and non students. How much do i need to start up a drop shipping business here in Nigeria and how do i go about ...Read more

i heard drop shipping is one of the most lucrative business to go into for students and non students. How much do i need to start up a drop shipping business here in Nigeria and how do i go about it?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 8, 2023 at 7:11 pm

    To start a drop shipping business in Nigeria, you will need some initial capital to purchase inventory from suppliers. The amount needed can vary depending on the products you choose and the scale of your business, but start with a budget of around $500-$1000.   To go about it, research and ideRead more

    To start a drop shipping business in Nigeria, you will need some initial capital to purchase inventory from suppliers. The amount needed can vary depending on the products you choose and the scale of your business, but start with a budget of around $500-$1000.

     

    To go about it, research and identify profitable products, then find reliable suppliers or manufacturers who offer drop shipping services. Create an online store or utilize existing e-commerce platforms to showcase your products. Market your store through social media advertising, influencer partnerships, and search engine optimization to attract customers and drive sales. Always prioritize customer service and timely order fulfillment to ensure customer satisfaction and repeat business.

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eldavis
eldavisEnlightened Mentor
Asked: September 22, 2023In: Money & Business

are you comfortable taking risk in your business?

When it comes to business, there is usually one from of risk or the other. There are does who consider themselves risk takers, while there are others who do not take risk. Are you are risk taker?

When it comes to business, there is usually one from of risk or the other. There are does who consider themselves risk takers, while there are others who do not take risk. Are you are risk taker?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on May 2, 2026 at 1:30 pm

    I’d say I’m a careful risk taker. In business, avoiding risk completely usually keeps you stuck, but taking too much can destroy you fast. So I prefer taking small, controlled risks where I’ve done my homework and can still stand if it fails. The goal isn’t to be fearless it’s to be smart enough toRead more

    I’d say I’m a careful risk taker. In business, avoiding risk completely usually keeps you stuck, but taking too much can destroy you fast. So I prefer taking small, controlled risks where I’ve done my homework and can still stand if it fails. The goal isn’t to be fearless it’s to be smart enough to risk what you can recover, not what you can’t afford to lose.

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eldavis
eldavisEnlightened Mentor
Asked: September 16, 2023In: Money & Business

have you ever hired a family member of your business?

As a business owner, since you have been running your business have you ever hired a family member to help run or manage your business? What was your experience like?

As a business owner, since you have been running your business have you ever hired a family member to help run or manage your business? What was your experience like?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on September 16, 2023 at 2:06 pm

    Well, I'm yet to start my business but when I do I wouldn't hesitate to use a relative as a starting help. The thing is that I might not be able at that point to pay an outsider to help me with the business but s relative would want to help at little to no cost. So yes I would hire a relative one thRead more

    Well, I’m yet to start my business but when I do I wouldn’t hesitate to use a relative as a starting help. The thing is that I might not be able at that point to pay an outsider to help me with the business but s relative would want to help at little to no cost. So yes I would hire a relative one that I believe understand the business and can help it there’s nothing wrong with having a sister or brother help run a business.

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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In: Money & Business

how much capital did you use in starting your business?

When it comes to starting up a business, you need capital to do this. How much capital did you use to startup your business at the early stage?

When it comes to starting up a business, you need capital to do this. How much capital did you use to startup your business at the early stage?

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  1. Mika
    Mika Expert Mind
    Added an answer on April 24, 2024 at 1:25 am

    I started my business with zero capital. This was possible because I started online business on ecommerce marketplace. If you want to start a business without any capital, using ecommerce marketplace is the best option. You can choose form various options such as Amazon, eBay, Facebook Marketplace,Read more

    I started my business with zero capital. This was possible because I started online business on ecommerce marketplace. If you want to start a business without any capital, using ecommerce marketplace is the best option. You can choose form various options such as Amazon, eBay, Facebook Marketplace, Instagram shop, etc. However, to generate sales you still need money as you need to do paid marketing.

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eldavis
eldavisEnlightened Mentor
Asked: September 22, 2023In: Money & Business

employees having the same vision as the business owner?

When it comes to finding an employee, should the employees have the same vision as the business owner for the business to succeed?

When it comes to finding an employee, should the employees have the same vision as the business owner for the business to succeed?

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  1. Rimisha
    Rimisha Knowledge Seeker I am students and I am always eager to expand my knowledge and share it with others.✨
    Added an answer on September 22, 2023 at 8:47 am

    Having employees who share the same vision as the business owner can be beneficial but not always necessary for business success. Alignment of values and goals can enhance teamwork and motivation. However, diverse perspectives and skill sets can also contribute to innovation and problem-solving. UltRead more

    Having employees who share the same vision as the business owner can be beneficial but not always necessary for business success. Alignment of values and goals can enhance teamwork and motivation. However, diverse perspectives and skill sets can also contribute to innovation and problem-solving. Ultimately, a balance between shared vision and complementary strengths can lead to success.😄.

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eldavis
eldavisEnlightened Mentor
Asked: September 12, 2023In: Money & Business

how often should a business owner carry out promos?

Most business owners today and vendors tend to make use of promos as a means of increasing sales. Though this is a great way to make more sales but it could also have a negative effect. How often should business ...Read more

Most business owners today and vendors tend to make use of promos as a means of increasing sales. Though this is a great way to make more sales but it could also have a negative effect. How often should business owners carry out promos?

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  1. De Mogul
    De Mogul Expert Mind A student
    Added an answer on August 16, 2025 at 6:01 pm

    Keeping on promo is a way of marketing your product and also to  have more customers. But before you give out the promo do you have to make a very nice analysis of your business record to know whether you are financially able to do it.   You should make sure that you have a lot of money and proRead more

    Keeping on promo is a way of marketing your product and also to  have more customers.

    But before you give out the promo do you have to make a very nice analysis of your business record to know whether you are financially able to do it.

     

    You should make sure that you have a lot of money and profit from the previous of you have been making.

    This is because when you give out promo when you don’t have the capacity to do it in your business might fall

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eldavis
eldavisEnlightened Mentor
Asked: September 6, 2023In: Money & Business

Have you been able to make sales on LinkedIn?

There are so many business owners and entrepreneurs who claim they are making sales on LinkedIn, i have an account on LinkedIn but i do not really know how to use it. Has anyone been able to make sales on ...Read more

There are so many business owners and entrepreneurs who claim they are making sales on LinkedIn, i have an account on LinkedIn but i do not really know how to use it. Has anyone been able to make sales on LinkedIn?

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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 6, 2023 at 4:35 pm

    Indeed, I have achieved sales through LinkedIn by utilizing its extensive network. Its wide reach enabled me to establish connections with potential clients in my industry. Through actively participating in relevant groups and sharing valuable content, I established my credibility as an informed expRead more

    Indeed, I have achieved sales through LinkedIn by utilizing its extensive network. Its wide reach enabled me to establish connections with potential clients in my industry. Through actively participating in relevant groups and sharing valuable content, I established my credibility as an informed expert. By leveraging LinkedIn’s messaging features and tools for building relationships, I successfully converted these connections into fruitful sales. Thanks to LinkedIn’s resources, I have experienced significant success in driving sales.

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eldavis
eldavisEnlightened Mentor
Asked: September 14, 2023In: Money & Business

do you have any upcoming goals for your business?

At the moment the goal i am working on is to make sure my business reach its target audience in other words i am simply trying to get new customers to my business. Do you have any goals you are ...Read more

At the moment the goal i am working on is to make sure my business reach its target audience in other words i am simply trying to get new customers to my business. Do you have any goals you are currently working aiming towards in your business?

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  1. Genevie
    Genevie Active Contributor Be the Key!
    Added an answer on September 14, 2023 at 10:09 pm

    Personal business goals differ from one individual to another, your goals for targeting the audience is good, and jnvolves alot of marketing strategies to achieve. Some people's goals is to expand and extend their business outside the comfort of their settlement, or beckme a unique brand or helpingRead more

    Personal business goals differ from one individual to another, your goals for targeting the audience is good, and jnvolves alot of marketing strategies to achieve. Some people’s goals is to expand and extend their business outside the comfort of their settlement, or beckme a unique brand or helping the community by building infrastructures and whatever that is lacking. These goals can be achieve through dedication, effort and team work.

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eldavis
eldavisEnlightened Mentor
Asked: September 19, 2023In: Money & Business

how can a team from and maintain a good relationship?

Its one thing to successfully create a team for your business or project, it is another to be able to maintain it. How can one successfully maintain a good relationship with the team?

Its one thing to successfully create a team for your business or project, it is another to be able to maintain it. How can one successfully maintain a good relationship with the team?

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  1. Light
    Light Trusted Adviser
    Added an answer on September 19, 2023 at 7:08 pm

    A successful team partnership requires clear communication, respect for one another, and common objectives. Encourage honest and open conversation to solve problems quickly. Encourage teamwork and appreciate teammates' contributions. To reduce disagreements, clearly define roles and duties. Spend moRead more

    A successful team partnership requires clear communication, respect for one another, and common objectives. Encourage honest and open conversation to solve problems quickly. Encourage teamwork and appreciate teammates’ contributions. To reduce disagreements, clearly define roles and duties. Spend money on team-building exercises to bolster ties. A friendly environment, regular feedback, and appreciation all help to create a successful team dynamic that lasts over time.

     

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