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Tope Alao, Akure (2026)

10/10/2024

Lapo bawo 🤣

10/10/2024

Someone asked: How can I get more sales in my business?

My answer: the reason you might be having low sales is probably because you don't know how to sell or your shop location is not in an area where your customers are or maybe you are yet to figure out who you really want to sell to (i.e those that will buy your products because they need it and truly appreciate it)

And the single solution to this is for you to go and learn from someone who is doing that same business as yours and let them train you for a month or two you will discover how to sell, who to sell to and the best place to find them. And you don't need to close your shop while doing this, you can go on weekends or closing hours. Plus if it will cost you a little to pay them to teach you, please do. Plus you might be lucky to find someone online that will teach you.

09/10/2024

Someone askedddd: can you give me some money to support my business?

My answerrrr: No sir/ma. Because I'm also broke. If you know anyone that will help both of us please don't forget to mention me 😊

09/10/2024

Someone asked: when should I start paying myself from the profit of my business.

Answer: as soon as you realize that the profit you are making in your business is able to cover all the expenses (including taxes) then you can set something aside for yourself. I have realized that paying yourself weekly is better than paying yourself monthly as it allows you to cover any personal expenses and prevents you from dipping your hands into your business money

09/10/2024

Someone asked: should I get a mentor or read books?
The answer is you need to do both. Because there are some things your mentor won't be able to show you that you will learn in a book. Plus those who wrote books are also your mentors. A mentor is not just the person you meet, your mentor can be someone you watch their videos, read their books even though they are not close to you or are alive or dead

09/10/2024

Someone asked: If you had issues with someone maybe it's a personal fight or something else

And the person wants to buy goods from you should you sell to them or not?

The simple answer is 'take the money' business is not about emotion, it's about how much you keep at the end of the day

04/07/2024

Someone asked: 'How can someone rate the progress made in business, I mean how can someone know if business is progressing or not? '

My answer: there are different metrics you use to measure if your business is actually growing or not so we call them KPIs that is key performance indicator. The way I do it in my business is that every month there are some important things I track.
1. how much is the total sales I make in terms of volume so is it 500,000 naira or a million per month so I have a note on my phone that I save everything
2. how many customers did I have last month compared to this month. so is the number of customers increasing or decreasing those that came last month did they actually come back this month? so the way you can do that is to have a record book or you can use some software to know the number of customers you had last month compared to this month and every other month. This way you will see if it's growing or reducing. if it is growing, your business is in a good state if it is reducing your business is probably in a bad shape or it's probably seasonal so that's why you have to have the record in a place let's say from January to December or we're in July now from January to July. Also, you need to check of those who patronized you last month, how many of them patronize you this month i.e repeat customers
3. the last thing I check is the cash flow. That's a big English but the way I usually check cash flow basically in my own simple way is to check the amount of money I have in my business. So how much worth of goods and physical assets or cash do I have in my business last month compared to what I have this month. The way I do that is to check, the number of goods I have begining of last month so let's say it's 500,000 naira so beginning of this month probably I'm expecting maybe 550,000 or 600,000 based on the growth of the business. so if it is increasing that means you are in good terms. You also take into consideration probably your supplier give you credit and every other thing you owe people. Just try to get an estimate of what your business is worth on a monthly basis so that you are able to determine if you are moving up

02/07/2024

Your house deserves the best paint 💪💪

06/12/2023

I'm excited to announce that I have been accepted to the YouTube made for you program by YOUTUBE. An 8 weeks program that will see me get mentored by YouTube's top creators in Africa. A few creators were shortlisted across 3 African countries and I'm glad I made it.

20/11/2023

IF YOUR BUSINESS STRUGGLE WITH SALES, HERE'S A PERFECT SOLUTION

Most products are not selling not because they're not good enough, but because customers don't understand why they should buy the product maybe as a result of the way it's presented.

To understand this, let me tell you a short story

There's a 2 year old boy that doesn't like taking his bath and whenever his mother wants to bathe him, he will always run and cry.

But what his mother noticed is that he likes brushing his teeth (because he enjoys the taste of the toothpaste) so, she came up with a simple technique.

Whenever she wants to bathe him, instead of telling him to come and bathe she will tell him to come and brush his teeth, knowing that he will be open to bathing after that and that changed everything

Your customers are no different. Some people hate hearing the word 'buy' (because they've heard the word so often that it makes them hate it) but if you find other words, like 'order' or 'learn more' or any other words, you might be surprised.

19/11/2023

When I saw this news that another Nigerian company was raising $259million to start a refinery, at first I laughed. Not because $259 million is a small money (in fact it's huge) But if you consider the fact that Dangote raised more than $12Billion (that's Billion with a 'B') a few years ago to open a refinery and this company will be competing with the Dangote refinery. You will understand that Dangote has an advantage in every aspect.

But considering the history of capitalism, it's always good to have competition so as to drive prices down for the end consumers. Which is why a refinery like this and many more like it is a good thing for the Nigerian consumers.

Though this might mean that it will take more time for Dangote to recoup his initial investment than expected (that's if the competition gets its refinery ready fast enough).

It's an interesting play I'm watching

17/11/2023

I had an eye opening conversation with the founder of this tigernut company. He shared some insight into how anyone can start the Tigernut business and start making money.

We discussed how to produce, how to package it, how to market and sell, where to sell it fast and how to preserve it .

The episode will be live by 9pm today Friday November 17, 2023 on my YouTube channel

https://youtube.com/

Stay tuned

Tope Alao

10/10/2024

10/10/2024

09/10/2024

09/10/2024

09/10/2024

09/10/2024

04/07/2024

02/07/2024

06/12/2023

20/11/2023

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17/11/2023

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