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How to open Paypal account in Nigeria

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Paypal is one of the leading payment systems in Nigeria. Paypal has made it easy and secure for millions of users to send and receive payments in Nigeria and internationally. As a matter of security, you should know that Paypal won’t show your full financial information to Merchants. Also, PayPal Buyer Protection covers your eligible purchases if they don’t match their description.

To set up a Paypal account in Nigeria, you need more than just your name and email address. What you will need includes a credit or debit card, your credit card or bank statement for verification, and, there are some cases where you will need a form of ID like a passport.

So if you don’t have a Paypal account, it doesn’t matter whether you are in Nigeria, you can set it up for free within few minutes.

Types of Paypal account

Before you set up your Paypal account, you must first determine the type of account you want to open. There are two types of Paypal account: Personal account and business account.

If all you want to do online is to send money to friends or buy things online, then this is the best option for you. This type is easy to set up. However, if you want to be accepting payment online for product sales, then go for this option.

Here are the steps you should follow to open a Paypal account in Nigeria:

  1. First input the Paypal URL into your web browser www.paypal.com/ng
  2. Once the page loads fully, click on the signup
  3. Choose the account type that you desire. You have two options; ‘Personal’ and ‘Business’ and tap/click on ‘Continue’.

Enter your phone number and verify it.

  1. Enter your name, email address, and choose your password. Ensure the password is not too simple so that your account won’t be hacked and also ensure it’s what you can remember. It is advisable that you write it somewhere.
  2. Go to the next page to input your address and other required info. Ensure the address is the same as the address you used when you opened your bank account.
  3. You will receive an email asking you to verify your account, click on verify.

That is it, your account has been set up.

How to verify your Paypal account in Nigeria.

Now that you have successfully created your account, the next thing to do is to verify your account. Verifying your Paypal account is important because of security reasons and required to do it before you can start using your funds. To verify your Paypal account in Nigeria, you will need to your Paypal account to a bank account or debit/debit card.

First to paypal.com, and once the page loads fully, click on ‘Pay & Get Paid’. Proceed to ‘Wallet’ and under it, select ‘Bank & Cards’ you can then select the bank account or the card that you want to verify.

If you decide to use a credit or debit card, check PayPal’s charge on your credit card statement which is a four digits code, input it in order to verify your card.  You can do this by going back to ‘Bank & Cards’, select the card you want to verify, input the 4-digits code, and then click ‘Confirm’. Once you have confirmed, you can now start to use Paypal to send and receive money.

If you decide to use a bank account, the verification process is similar to the above steps, but the diffidence is that Paypal will make two deposits of the random amounts within the range of $0.01 and $0.99. What you have to do is enter these two amounts to verify your bank account, mind you, you can’t keep these deposits in your account.

Let’s break these processes into steps:

How to verify Paypal account in Nigeria:

Step 1. Go to www.paypal.com/ng and sign in to your account.

Step 2. Click/tap ‘Pay & Get Paid’.

Step 3. Select ‘Banks and Cards’ under ‘Wallet’.

Step 4: Link with your credit card or your bank account.

Step 5: Confirm your account by entering a four-digit code if you are using a card or the two deposits if you are using a bank account.

If later you want to add another card or bank account, you will need to follow the same verification process as well.

That’s everything you need to know about setting up Paypal account in Nigeria and verifying it.

 

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Business

How to start a successful dropshipping business in 5 steps

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What Is a Dropshipping Business?

Dropshipping is a type of business model which you can run effectively without having to store any inventory. All you have to do is to get an order for the product and then you can contact the supplier who will ship the product from their warehouse down to the delivery address provided by the buyer.

The major benefit of running a dropshipping business is that you need not worry about the inventory and this is the advantage that dropshipping business has to manage an online store by yourself. You need not worry about storing, packaging, and shipping the products.

How Dropshipping Business Model Works

The dropshipping business has three major players: the manufacturer or supplier, the retailer, and the customer

Let’s now look at the roles of each of these players.

Manufacturer/ supplier

In the dropshipping business model, the manufacturer takes up the role of creating the products, packaging them for delivery, shipping it down to the customer on the retailer’s behalf, taking care of defective products. In order to minimize the risk of unsold inventory, they make their products available to the retailer at wholesale price.

Retailer

The retailer stands as the link between the manufacturer and the customer. It is the role of the retailer to make the products available to the customer by selling the manufacturer’s products on their website under their own brand. The retailer will choose the type of product to sell. Also, the retailer will determine the shipping costs and set product prices

Customer

The customer does not have a direct dealing with the manufacturer because they only need to place their order if they see any product they want and the supplier will ensure that t gets to them.

Steps to starting a dropshipping business

Step 1: Pick your dropshipping business niche

If you want to start a dropshipping business, there are many niches from which you can choose. In choosing a niche, ensure that its type has a sizeable market because you wouldn’t want to end up listing your products without getting any customer or recording low sales.

So, you must first ensure that you carry out the necessary research about the niche you decide on. Just the same way y9ou would do market research for an online store to know how profitable it will be, you must also see drop shipping that way.

Step 2: Carry out competitor research

Now that you have decided what you will be selling in your online store, you want to know who your competitors are and understand the way they operate their business. You can not underestimate what you will find out in your competitor research and it will definitely help you build a stronger marketing plan for your dropshipping business.

Step 3: Secure a supplier

Choosing a dropshipping supplier is a very important decision in creating a successful dropshipping business. In choosing a supplier, make sure you choose based on their past records and ensure that they have good ratings, you wouldn’t want to end up disappointing your customer, would you? There are many suppliers you can choose from and you can also move to another supplier if you notice that the one you are using is not effective.

Step 4: Choose a suitable Dropshipping platform for your store

After you have decided on the above steps, the next thing you should do is to choose an online platform that you will use for your dropshipping busies. Some platforms have a prebuild e-commerce function which has made it easy for anyone to set up a store with them, all you just need to do is to brand it according to your business brand and start building your store on it. Examples of such platforms include Shopify, Aliexpress

Step 5: Promote your dropshipping store

Having your online store set up is not enough, you need to also ensure that your products get to the face of your potential customer. This means you will need to set some budget aside for the marketing and advertising of your store. Ensure you do this while building your dropshipping business plan, it will let you forecast the running cost and set it aside so you don’t end up stranded after setting up your store.

Now that you know how to start a dropshipping business, it’s time to talk about marketing your new store. To stand out in your market, you may want to put extra effort into your marketing and advertising efforts when building your dropshipping business plan.

 

 

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Tech-How

How to create YouTube channel

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Many people see YouTube as a site where they can spend a good number of time watching funny videos, gossips, tutorials, etc while to some, it is a source of income. Being able to be successful as a YouTuber will require some effort and you need to put in the hard work. It is not everyone that starts a YouTube channel that will be successful in it especially if the purpose is to make money from it. Some will lose interest if they don’t start seeing results immediately, some might run out of ideas of what to post. YouTube is not a quick fix for your financial situation and you must be patient before you start earning from it.
This is why it is advisable that you should choose a niche that you are passionate about. Now let’s look at some niches you can choose from if you want to start a YouTube channel.

The most popular niches on YouTube
Here are some of the most popular and profitable niches on YouTube that you can choose from:

  • Tech Videos
  • Personal finance
  • Gaming
  • Product Reviews
  • Unboxing products
  • Tutorials
  • Cooking and foods
  • Fashion
  • Beauty and Makeup
  • Weight loss & Healthy Living
  • Haircare
  • Music
  • Travel
  • Gossip and news
  • How-Tos
  • Comedy

How to create a YouTube Channel in 7 simple steps

Step 1: Create a Google account

YouTube is owned by Google and you need to have an account with Google before setting up your YouTube channel. If you already have a Gmail address, simply proceed to YouTube but if you don’t, go to the Google account creation page and create a new Gmail address.

Step 2: Create a YouTube brand account

By default, once you have a Google account, it automatically gives you a personal YouTube account. However, if you want to create a YouTube account for your brand, you will need to set it up.

Follow these guidelines to create a brand account:

  1. Sign in to YouTube using the Google account you want to use to create the channel.
  2. Click on your profile image at the top right corner of your screen
  3. A dropdown menu will appear, click on “Create a Channel.”
  4. A window will pop up, select “Get Started.”
  5. You will be given an option that says “Use a custom name,” click “Select.”
  6. Enter your brand name and click Create.

Your new channel has now been created. You can then proceed to customize your channel’s settings on the next screen.

Step 3: Add your brand identity

You will need to add a brand identity for your channel so that it can stand out amongst many channels on YouTube. You will need to access your account on a computer for you to do this rather than on a phone.

Step 4: Upload your first video

Once you have successfully set up your account, you can now start uploading some videos on it starting with your first video.
Follow these steps to upload your first video:

  1. Sign in to your newly created YouTube account.
  2. Click on the Create a Video. You will see a video icon with a plus sign, click on it.
  3. Click Upload video.
  4. Select the video you want to upload from your video files.
  5. Add your video title and description including relevant keywords.
  6. Click on “publish”.

Step 5: Organize your YouTube channel into a playlist

It is important that your videos are properly organized, doing this will let those who visit your channel know which playlist they should go to for a particular video.
To properly organize your videos, you should create a playlist for them and segment them based on different topics.
To create a playlist for your videos, follow these simple steps:

  1. Once you’re in your channel, click Customize channel.
  2. Click the Playlists tab.
  3. Click New playlist.
  4. Enter the title you want for your playlist and click create.
  5. You will be directed to where you have your new playlist. Click Edit.
  6. Click Add videos and choose the videos you want to add to your playlist.

Step 6: Create a channel trailer

When a new visitor visits your channel, it is important that you introduce what your channel is all about using a short video, and this is what is referred to as a channel trailer. The trailer should also let them know why they should subscribe to your channel and encourage them to do so.
You can create a YouTube channel trailer with these simple steps:

  1. Once you have a video that you want to use as your trailer,
  2. Log into YouTube and upload the video you want to use as your channel trailer.
  3. Go to your channel and click “Customize channel”.
  4. Click the tab that says “For new visitors”, then click Channel trailer.
  5. From your videos list, select the video you want to use as your trailer, then click Save.

Step 7: Make your channel discoverable

You are almost done with setting your channel up completely. Your work is not yet done until you ensure that those visiting YouTube can discover your channel.
To make ensure that your channel is discoverable, follow these guidelines:

  1. Add relevant channel keywords, you can do this in the creator studio. Make sure that the keywords you add are related to what your channel is all about.
  2. Allow YouTube to recommend your channel. You need to turn on this option in the Channel recommendations section and click save.

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Business

How to get paid on YouTube

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YouTube is one of the many ways by which you can make money online. There are lots of people who are getting paid on YouTube, these people are called YouTubers or Vloggers. Before you can start earning YouTube, you must first have a YouTube channel where you constantly upload videos. For details on how to create and start a YouTube channel from the scratch, check here.

Video upload could be on a daily, weekly, or monthly basis, but just ensure that you choose a pattern that works best for you and stick to it. You must also be aware that you must not use any copyrighted property on your channel without exclusive authorization from the owner. Such property could be video, audio, image, etc.

When you use such property without authorization and the copyright owner files a report against you, YouTube might give you a strike depending on the type of complaint the copyright owner gave, and once you have up to 3 strikes, YouTube will close your YouTube. Not all copyright claim lead to strikes, but in such a case, the copyright owner will claim any revenue made from the advert played on such video.

This is why you should be as original as possible with any video that you would upload on your channel.

Now that we know some information about starting a YouTube channel, lets now dive into how we can monetize the channel.

1. Apply for the YouTube Partner Program

You can earn directly by partnering with YouTube. This is how the majority of YouTubers make their money from YouTube. For you to approve you as their partner, there are certain requirements you must meet, and these include:

  • Your video must have at least 4,000 valid public watch hours in the past 12 months.
  • Your channel must have at least 1,000 subscribers
  • You must be living in an eligible area
  • Your channel must follow all YouTube’s monetization policies
  • You must have a linked Google AdSense account.

Getting the viewing-hours threshold can look impossible if you are just starting, but you should not be discouraged. Even if you are getting less than 10 views on your videos in your first few weeks, that should tell you that your videos are getting views and it’s a matter of time before you start getting views in thousands.

You must make sure that your videos are high-quality and you must also put every necessary effort into it as well.

Some of those that watch your videos will subscribe to your channel once they see that they can always learn one or two things from your channel. However, the best way to get subscribers if you are just starting is to first ask your friends and family to subscribe, and also ensure that at the intro or outro of your videos, you request that your viewers subscribe.

Once you meet the stated requirements, you can then proceed to apply for the partner program by clicking on your profile and navigating to the “monetization” section.

2. Connect to Google AdSense

In order for your channel to get approved as a YouTube partner, you will need to connect your channel to Google AdSense, which is the company’s advertising system. Advertisers pay Google to bid for space on your channel using AdSense depending on your audience, relevant keywords, and the video topic.

YouTube will pay you based on the number of people that click or watch an ad on your video. Although you must know that ads don’t play on your videos each time someone plays your video so this means that not all views will bring money for you. You must also be aware that YouTube takes a cut of the ad revenue for tax.

You will be paid when your balance gets to $100. This is why you must always work at growing your channel so you can have a large audience because the more views you have, the more money you make.

3. Check out YouTube Premium

YouTube Premium is another way partners can make money on YouTube. How this works is that you make your videos available on YouTube Premium, which is the ad-free subscription service offered by YouTube. You will be paid from the revenue made from membership fees depending on how much Premium members view your videos.

4. Use product placement and video sponsorship

Some companies that are interested in your videos can contact you majorly because your channel promotes content that is related to what they offer. They will pay you to promote their products to your audience.

If you have a sponsored product in a video, ensure that you notify YouTube by ticking on “video contains paid promotion” before you upload the video, you will find this in the advanced settings of your video manager.

5. Become an affiliate partner

Earning through an affiliate program is a good option for you if you have subscribers that are loyal to your channel.

If your audience trust you enough, you can encourage them to visit some affiliates’ sites to carry out certain actions, most often, it requires them to buy certain products and you will be paid a certain commission out of the amount they paid.

You can also on your own reach out to some affiliates sites like ShareASale, ClickBank, and CJ Affiliate to sell their products to your audience. In all you do, ensure that you protect your image, this means that whichever affiliate product you will e recommending, must be verified and legit also.

6. Sell personal products or services to viewers

YouTube can be a place to promote your personal product or service. If you have a product or service you would like to promote, YouTube can be a good platform to do that. It is advisable that whatever product or service you want to promote is related to your videos. Take for instance, a channel that is into make-up can decide to promote and sell make-up kits to viewers. You can also create ebooks or videos on “How-to” and since you are a YouTuber, creating videos will come pretty easier.

 

 

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