WEBVTT - Study Hall: MONETIZE ONLINE EVENTS, & BUSINESS IN NIGERIA

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<v Speaker 2>Shout out to Africa, to all of the countries in

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<v Speaker 2>Africa too, man. Yeah, we got a lot of love

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<v Speaker 2>and a lot of support in Africa. We've charted on

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<v Speaker 2>some of the top charts in a variety of different

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<v Speaker 2>countries everywhere from Kenya to Zimbabwe to South Africa, Ghana, Nigeria,

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<v Speaker 2>all over Africa. We've been on the top charts at

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<v Speaker 2>some point in time. So you know, a lot of people,

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<v Speaker 2>we have a lot of listeners in UK and all

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<v Speaker 2>over and they're like, you know, we love your content,

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<v Speaker 2>but some of the stuff that you're saying is only

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<v Speaker 2>a lot of stuff you're saying it's only based upon

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<v Speaker 2>American point of view. And that would make sense because

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<v Speaker 2>we're from America. But being that the world is our

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<v Speaker 2>oyster and we have we have supporters and listeners all

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<v Speaker 2>over the world, we can't just focus only on where

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<v Speaker 2>we live. So one of the goals for this year

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<v Speaker 2>was to broaden the horizon and to get entrepreneurs and

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<v Speaker 2>talk about content from all over the world. And you know,

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<v Speaker 2>Covid actually was a blessing in that regard because it

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<v Speaker 2>helped us actually get on our virtual wave and that

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<v Speaker 2>obviously helped with getting some content. So I put it

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<v Speaker 2>on Instagram a few weeks ago, like, you know, we

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<v Speaker 2>want to do some entrepreneurs in Africa, who should we

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<v Speaker 2>reach out to? And we got a hit up. A

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<v Speaker 2>lot of people hit us up like you should reach

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<v Speaker 2>out to this person, that person, this person and one

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<v Speaker 2>of the one of the most requested people was John Obidi.

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<v Speaker 2>Did I say that correct?

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<v Speaker 3>Yeah you did.

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<v Speaker 2>And so I looked on his page and yeah, he

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<v Speaker 2>had a nice following. I loved his content. He it

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<v Speaker 2>looked real, like real good. His page looked real good.

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<v Speaker 2>I did the research on him. So I reached out

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<v Speaker 2>to him and I'm like, you know, would you be

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<v Speaker 2>interested in having a conversation to hit me right back?

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<v Speaker 2>Like yeah, And then when I spoke, it was even

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<v Speaker 2>better because he actually was already a listener of the podcast.

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<v Speaker 3>So I always liked that.

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<v Speaker 2>Yeah, it's always good to have guests that already are

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<v Speaker 2>familiar with the platform so we don't have to explain it.

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<v Speaker 2>They already kind of know. So I'm like, this is dope.

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<v Speaker 2>So John is a superstar entrepreneur out of Nigeria. He

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<v Speaker 2>is an author, he is an international speaker. He's a

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<v Speaker 2>social media an influencer. He's the founder of Headstar Headstar Africa.

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<v Speaker 2>He just hosted the largest virtual summit in Africa. Fifteen

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<v Speaker 2>thousand people were on that. He does everything. It's online

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<v Speaker 2>business consultant, teaches kids how to achieve success.

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<v Speaker 3>He's just a programmer, web developer, a little.

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<v Speaker 2>Bit of everything. Everything.

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<v Speaker 4>We got everything, John, We got everything that you've done.

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<v Speaker 2>Man, So this is going to be a dope conversation.

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<v Speaker 2>We're going to talk about a lot of virtual stuff,

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<v Speaker 2>tech stuff, texts, real big in Nigeria, and we're going

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<v Speaker 2>to talk about of course the content of Africa Nigeria.

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<v Speaker 2>You're gonna talk about economics, all kinds of stuff. So

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<v Speaker 2>I'm very excited to have this conversation. I'm sure Troy

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<v Speaker 2>is a going on. So John, first and foremost, thank you,

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<v Speaker 2>thank you for joining.

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<v Speaker 3>Us, thank you for having me.

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<v Speaker 2>Yes, yes, yes, so so yeah, John, let's get into

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<v Speaker 2>it first and foremost, Like I said, we are extremely

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<v Speaker 2>excited about this this episode. So founder of Headstart Africa, right,

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<v Speaker 2>and so I did some research. So headstart is actually

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<v Speaker 2>it's a big thing. So what is Headstart Africa.

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<v Speaker 5>Headstart Africa is a mentoring platform.

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<v Speaker 3>It's different things to different people.

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<v Speaker 5>But it started off as a mentoring platform where I

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<v Speaker 5>brought a couple of my colleagues to teach Africans about

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<v Speaker 5>business and personal development. So I started that in twenty sixteen.

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<v Speaker 5>It is a Facebook group right now, it's about one

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<v Speaker 5>hundred and forty thousand members. Mostly Nigerians and then a

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<v Speaker 5>lot of Africans and then some sprinklings from all around

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<v Speaker 5>the world. So there we host our webinars and we

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<v Speaker 5>teach on everything on personal development, lifestyle and business.

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<v Speaker 3>So that's what it is.

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<v Speaker 5>But we also have other expressions like our podcasts, our videos,

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<v Speaker 5>our interviews. We have a program called Night School that

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<v Speaker 5>holds every Friday, so it's basically about business, business and

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<v Speaker 5>personal development. And we have other people on the Facebook

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<v Speaker 5>group there also contributing about what it's like to achieve

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<v Speaker 5>success in Africa.

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<v Speaker 2>All right, So that's interesting because yeah, I did some

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<v Speaker 2>research and I, like I said, I was watching a

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<v Speaker 2>couple of YouTube videos. So one of the things that

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<v Speaker 2>you spoke about in Africa specifically is the lack of

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<v Speaker 2>infrastructure and when it comes to the Internet, and you

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<v Speaker 2>made an interesting comparison. It's like you said, for people

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<v Speaker 2>living in America, the internet is like the ocean, but

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<v Speaker 2>for people in Africa, the Internet is like a bottle

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<v Speaker 2>of water. So that was very interesting. Can you explain

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<v Speaker 2>what you meant by that?

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<v Speaker 3>All right?

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<v Speaker 5>So in Nigeria specifically, so most people use internet in

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<v Speaker 5>a limited way, so you have to buy like data plans,

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<v Speaker 5>of one gigabytes, two gigabytes, twins gigabytes. And so most

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<v Speaker 5>people use the Internet with the concept of scarcity like

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<v Speaker 5>this can run out. But in other countries, like in

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<v Speaker 5>the West, it's just it's mostly unlimited, especially when you

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<v Speaker 5>have fiber optic and so on, so it's unlimited there,

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<v Speaker 5>but here it's mostly limited only like the top zero

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<v Speaker 5>point five percent of people are able to afford unlimited

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<v Speaker 5>Internet access.

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<v Speaker 3>Yeah.

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<v Speaker 4>So even with the Internet access, a lot of times

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<v Speaker 4>people get blocked from viewing things, which is something that

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<v Speaker 4>I'll discover when doing the research on you.

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<v Speaker 3>What's the theory behind that?

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<v Speaker 5>Okay okay, so okay, okay, I think I knew where

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<v Speaker 5>I got that from one of my TV interviews. So

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<v Speaker 5>this thing I call the Third World fence, right, and

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<v Speaker 5>so it's this invisible fence where the third world is

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<v Speaker 5>kept behind this border. And so we cannot actively participate

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<v Speaker 5>in certain activities online. So there are some websites we

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<v Speaker 5>cannot visit because people assume that a lot of fraud

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<v Speaker 5>emanates from third world countries, and so there are some

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<v Speaker 5>websites that we cannot visit. Some services we cannot access,

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<v Speaker 5>like PayPal. You'd be shocked that in Nigeria we cannot

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<v Speaker 5>receive money through PayPal, but we can pay but we

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<v Speaker 5>cannot receive money through PayPal, we cannot use Stripe and

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<v Speaker 5>most of the top tier payment processors. So that's one

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<v Speaker 5>of the areas of the Third World fence. Also, Nigerian

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<v Speaker 5>cars are just not accepted on a lot of websites,

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<v Speaker 5>so we have to figure out a number of workarounds

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<v Speaker 5>just to exist on the internet.

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<v Speaker 3>So that's what I call the third World fence.

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<v Speaker 5>And yeah, we've got to keep on moving, so we

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<v Speaker 5>find ways to get around them.

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<v Speaker 2>Yeah, so what do you use that you have your

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<v Speaker 2>own like Nigerian payment system instead of Stripe or PayPal,

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<v Speaker 2>Like you have your own one from in Nigeria. Like

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<v Speaker 2>what do you guys use.

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<v Speaker 5>Yeah, we have Nigerian payment systems. We've got Paystack, We've

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<v Speaker 5>got Flutterwave. Those are the two biggest ones in Nigeria.

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<v Speaker 5>They do a pretty good job, but it's not quite

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<v Speaker 5>as as expansive as say a PayPal or Stripe. So

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<v Speaker 5>sometimes a bank in maybe the United States might encounter

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<v Speaker 5>our local payment system pay Stack and just not honor

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<v Speaker 5>the transaction. Occasionally that happens, but you know, we may

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<v Speaker 5>do with what we have while we seek better options.

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<v Speaker 2>That's dope, I think, Like I said, I mean, it's

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<v Speaker 2>important for people because we don't really a lot of times,

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<v Speaker 2>especially in America, we just get caught in our own bubble,

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<v Speaker 2>so we don't really even you know, think about like

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<v Speaker 2>how different it could be for somebody in a different country.

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<v Speaker 2>And it's like, we run our business and we use

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<v Speaker 2>PayPal and Stripe and we can collect payments from all over.

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<v Speaker 2>So if we was not able to use PayPal or Stripe,

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<v Speaker 2>and then especially like you said, I mean in Nigeria,

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<v Speaker 2>might not be a problem, but if you collect the

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<v Speaker 2>money from people in America or in different countries, then

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<v Speaker 2>that could be an issue. And it's like now you've

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<v Speaker 2>got to try to find other alternatives to kind of

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<v Speaker 2>collect money.

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<v Speaker 4>We even doing the research for this was like, I

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<v Speaker 4>may it made me realize how much we take for granted, right,

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<v Speaker 4>Like me said a video to Shaddy, it takes and

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<v Speaker 4>it's not even a thought. But where somebody in Nigeria

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<v Speaker 4>or in a third world quote unquote third world country,

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<v Speaker 4>it's like I don't have enough data, I might not

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<v Speaker 4>be able to send that to you. You know what

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<v Speaker 4>I'm saying, like these things don't come to mind when

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<v Speaker 4>I'm thinking about it.

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<v Speaker 3>Yeah, yeah, So but how do we.

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<v Speaker 2>Define third world though, because I don't want to use

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<v Speaker 2>that term. I mean, I don't know you probably would,

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<v Speaker 2>you know know better than me, but it seemed like

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<v Speaker 2>a derogatory word term, like what what's defined by third world?

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<v Speaker 2>Just a lack of infrastructure.

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<v Speaker 5>Or well, originally, I think the I think the first World,

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<v Speaker 5>second and third World originally originally started from the Cold

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<v Speaker 5>War a long time ago. So I think First World

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<v Speaker 5>countries were allies of the United States, Second World where

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<v Speaker 5>I think allies of the Soviet Union, and I think

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<v Speaker 5>third World were in between. But over time the meaning

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<v Speaker 5>evolved to mean developing or underdeveloped countries.

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<v Speaker 3>Okay, yeah, well.

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<v Speaker 5>The initial meaning of first, second, and third World was

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<v Speaker 5>relating to what alignment the different countries had during the

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<v Speaker 5>Cold War.

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<v Speaker 2>So in Nigeria though, speaking about Nigeria, because we've heard

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<v Speaker 2>different things about Nigeria, We've had a few different guests

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<v Speaker 2>from Nigeria, and so can you kind of just paint

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<v Speaker 2>the picture for Nigeria for people that are not in Africa,

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<v Speaker 2>because it's an interesting country. It's the seventh most populated

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<v Speaker 2>country I believe in the world two hundred million people,

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<v Speaker 2>the most populated black country in the world. It's the

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<v Speaker 2>wealthiest country sub Saharan does it. I believe in Africa.

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<v Speaker 3>In Africa some Saharan Africa the wealthiest country.

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<v Speaker 2>It has one of the highest oil reserves in the world.

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<v Speaker 2>I think like in the top seven. It has the

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<v Speaker 2>richest black person in the world, go Ti. We spoke

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<v Speaker 2>about him. So it has a lot of things. It

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<v Speaker 2>seemed like it has gone for us, and it has

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<v Speaker 2>a strong tech community. A lot of people are interested

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<v Speaker 2>in tech, but obviously there's challenges as well, obviously, So yeah,

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<v Speaker 2>can you kind of just you know, I did I

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<v Speaker 2>get that right on the things that I said?

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<v Speaker 3>Yeah, that was correct? That was correct. Okay, that's correct.

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<v Speaker 3>So Nigeria is such a great.

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<v Speaker 5>Land of opportunity, and I think we have one of

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<v Speaker 5>the largest populations of young people in the world. So

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<v Speaker 5>a lot of the business transactions are dominated by tech.

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<v Speaker 5>So there's a lot of tech businesses going on, there's

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<v Speaker 5>a lot of tech entrepreneurs, there's a lot of startups,

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<v Speaker 5>so the startup scene is really big, and a lot

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<v Speaker 5>of Nigerians are really hungry for knowledge. So we are

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<v Speaker 5>very aspirational people and you're always trying to get better

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<v Speaker 5>at something. So the knowledge business is booming in Nigeria.

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<v Speaker 5>People by courses, people are always getting training. I mean,

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<v Speaker 5>it's my industry. I do a lot of trainings and

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<v Speaker 5>workshops and I play in the space. So Nigerians buy

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<v Speaker 5>a lot of courses, engaging a lot of training, personal development, business,

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<v Speaker 5>online marketing, and not just from Nigerian trainers. Nigerians know

0:12:15.280 --> 0:12:20.040
<v Speaker 5>a lot of American authors and speakers and course creators,

0:12:20.120 --> 0:12:24.400
<v Speaker 5>so we learn a lot of content from even the

0:12:24.679 --> 0:12:26.400
<v Speaker 5>American space and the Nigerian space.

0:12:26.440 --> 0:12:27.640
<v Speaker 3>So it's a huge market.

0:12:27.960 --> 0:12:31.800
<v Speaker 5>And so if anyone were to be considering new markets

0:12:31.800 --> 0:12:35.920
<v Speaker 5>for their products, I mean, Nigeria is such a blue ocean, right,

0:12:36.000 --> 0:12:38.000
<v Speaker 5>So like in America, you might have a lot of

0:12:38.040 --> 0:12:42.959
<v Speaker 5>speakers and some niches might be saturated. But if you're

0:12:42.960 --> 0:12:46.400
<v Speaker 5>targeting a country like Nigeria and you have something that

0:12:46.480 --> 0:12:49.480
<v Speaker 5>can really give people value, teach them a skill that

0:12:49.520 --> 0:12:52.600
<v Speaker 5>could change their lives, this is a fantastic market. So

0:12:52.760 --> 0:12:55.160
<v Speaker 5>this is one of the ways that AGRA is a

0:12:55.160 --> 0:12:57.800
<v Speaker 5>great opportunity. There are other sectors, but I can really

0:12:57.840 --> 0:13:01.680
<v Speaker 5>speak mostly about the sector that I play and that's

0:13:01.720 --> 0:13:06.000
<v Speaker 5>the online space technology and we are really booming there.

0:13:06.080 --> 0:13:09.800
<v Speaker 5>So also open to collaborations because I mean, we're having

0:13:09.800 --> 0:13:12.280
<v Speaker 5>the Skype conversation now and it's not.

0:13:12.240 --> 0:13:15.040
<v Speaker 3>A it's not an obstacle.

0:13:15.080 --> 0:13:17.200
<v Speaker 5>Distance is not a barrier. There's a lot of people

0:13:17.360 --> 0:13:20.680
<v Speaker 5>just like me who are doing fantastic work on Instagram,

0:13:20.800 --> 0:13:25.160
<v Speaker 5>on the internet, doing webinar, selling knowledge and.

0:13:24.840 --> 0:13:27.280
<v Speaker 3>It's a really great time to be in Nigerian.

0:13:27.360 --> 0:13:29.319
<v Speaker 4>So, I mean, that's interesting that you said that the

0:13:29.760 --> 0:13:32.079
<v Speaker 4>population is so young. When I looked at the median age,

0:13:32.080 --> 0:13:35.680
<v Speaker 4>it was eighteen, I'm like, that's eighteen years old. That's crazy. So, like,

0:13:37.040 --> 0:13:40.160
<v Speaker 4>you live in Legos, but you're not from Legos, right,

0:13:40.160 --> 0:13:43.400
<v Speaker 4>Can you explain because I know it's a population of

0:13:43.480 --> 0:13:46.080
<v Speaker 4>nine million people, which is pretty much like New York City.

0:13:46.160 --> 0:13:48.680
<v Speaker 4>Can you explain what Legos is to Nigeria's for people

0:13:48.679 --> 0:13:50.320
<v Speaker 4>who have no idea what it is.

0:13:51.720 --> 0:13:56.720
<v Speaker 5>Yeah, So Legos is the tech capital of Nigeria.

0:13:56.840 --> 0:13:58.200
<v Speaker 3>So it's a lot like New York.

0:13:58.840 --> 0:14:03.559
<v Speaker 5>It's fast paced, a huge business community, a lot of hustle.

0:14:04.320 --> 0:14:07.880
<v Speaker 5>So if anyone one were to be trying to look

0:14:07.920 --> 0:14:11.160
<v Speaker 5>for the most vibrant business community in Nigeria, that will

0:14:11.200 --> 0:14:16.360
<v Speaker 5>be Legos. Abuja is the official capital, but Legos used

0:14:16.360 --> 0:14:19.680
<v Speaker 5>to be the capital a long time ago, but I

0:14:19.720 --> 0:14:22.440
<v Speaker 5>think that was before I was born. But now Abuja

0:14:22.520 --> 0:14:26.840
<v Speaker 5>is the capital, but Lego still retains that economic stronghold.

0:14:26.880 --> 0:14:30.600
<v Speaker 3>So the economy of Nigeria is largely tied to Legos.

0:14:30.640 --> 0:14:35.280
<v Speaker 5>It's got such a vibrant business population, a lot of

0:14:35.320 --> 0:14:37.320
<v Speaker 5>things going on here. So this is the place to

0:14:37.360 --> 0:14:41.320
<v Speaker 5>be if you're considering doing business in Nigeria, especially regarding tech.

0:14:41.520 --> 0:14:42.440
<v Speaker 3>This is the place to be.

0:14:43.120 --> 0:14:45.360
<v Speaker 2>All right, So we know we're on your legion. What

0:14:45.480 --> 0:14:48.000
<v Speaker 2>everybody loves us for is like breakdowns and like.

0:14:49.280 --> 0:14:51.520
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<v Speaker 2>Step by step, Suittorio. So we got we got the

0:17:41.840 --> 0:17:45.240
<v Speaker 2>you know, the land of delay in Africa. So now

0:17:45.680 --> 0:17:47.800
<v Speaker 2>let's get into it. Let's give to people some detailed

0:17:47.840 --> 0:17:50.399
<v Speaker 2>information on what you do best. So we'll start with

0:17:50.440 --> 0:17:53.280
<v Speaker 2>your most recent venture. So you did. You had the

0:17:53.400 --> 0:17:58.520
<v Speaker 2>largest online summit in Africa fifteen thousand people. Right, yeah,

0:17:58.520 --> 0:18:00.640
<v Speaker 2>so it's a whole business model. It's in resting because

0:18:00.640 --> 0:18:03.640
<v Speaker 2>we haven't covered this yet. In the time of COVID nineteen,

0:18:04.000 --> 0:18:08.359
<v Speaker 2>a lot of people have been having online webinars, online summits,

0:18:08.560 --> 0:18:15.640
<v Speaker 2>online presentations, online everything online school ye. So, and it's

0:18:15.640 --> 0:18:18.239
<v Speaker 2>turned into a revenue model or revenue stream. You can

0:18:18.280 --> 0:18:21.479
<v Speaker 2>make money on it. So yeah, let's dissect yours. So

0:18:21.760 --> 0:18:26.439
<v Speaker 2>all right, yours was called head Start Africa Summit, head

0:18:26.520 --> 0:18:29.800
<v Speaker 2>Started Summit, Head Started Summit. Okay, so yeah, can you

0:18:29.840 --> 0:18:32.199
<v Speaker 2>can you kind of walk us through the summit?

0:18:34.200 --> 0:18:35.679
<v Speaker 3>So head Start Summit.

0:18:36.000 --> 0:18:40.119
<v Speaker 5>Our theme for this year was reinventing yourself for the

0:18:40.240 --> 0:18:43.840
<v Speaker 5>new global economy. So there was a lot of pessimism

0:18:43.880 --> 0:18:47.160
<v Speaker 5>about the COVID nineteen era and so people were losing

0:18:47.200 --> 0:18:51.040
<v Speaker 5>their jobs. Some brick and mortar businesses had to close

0:18:51.080 --> 0:18:53.960
<v Speaker 5>for a while, and there was a lot of pessimism. Man,

0:18:54.160 --> 0:18:57.359
<v Speaker 5>the mood was really low, and so we had to

0:18:57.440 --> 0:19:02.440
<v Speaker 5>teach people how they could reinvent themselves in the travel industry,

0:19:02.760 --> 0:19:06.639
<v Speaker 5>in the hospitality business, how people could reinvent themselves for

0:19:06.880 --> 0:19:10.520
<v Speaker 5>the new global economy because everything of the necessity had

0:19:10.560 --> 0:19:14.080
<v Speaker 5>to move online. And so I got seventeen speakers, most

0:19:14.080 --> 0:19:17.040
<v Speaker 5>of whom are my colleagues in the speaking industry, and

0:19:17.119 --> 0:19:19.960
<v Speaker 5>we held the summit for three days, six hours every day.

0:19:20.680 --> 0:19:23.320
<v Speaker 5>It was from like three pm to ten pm every

0:19:23.400 --> 0:19:26.840
<v Speaker 5>day for three days. And so we had about fifty

0:19:27.000 --> 0:19:30.440
<v Speaker 5>thousand people who actually registered for the summit, but about

0:19:30.480 --> 0:19:34.840
<v Speaker 5>fifteen thousand showed up. And this was a different kind

0:19:34.880 --> 0:19:37.960
<v Speaker 5>of summit. Most virtual summits take the easier route. I mean,

0:19:37.960 --> 0:19:40.679
<v Speaker 5>no disrespect, but that's pretty easy to record it and

0:19:40.760 --> 0:19:43.919
<v Speaker 5>put it up, schedule the content out. But we wanted

0:19:43.960 --> 0:19:46.879
<v Speaker 5>to put it out there live, and so all the

0:19:46.920 --> 0:19:51.119
<v Speaker 5>sessions were streamed live to YouTube, and most of the

0:19:51.160 --> 0:19:56.360
<v Speaker 5>sessions averaged a live viewership of about three thousand live viewers.

0:19:56.400 --> 0:20:01.840
<v Speaker 5>So I haven't seen those numbers, at least on this side.

0:20:01.840 --> 0:20:03.800
<v Speaker 3>I would have seen that anywhere around the world. But

0:20:03.960 --> 0:20:04.600
<v Speaker 3>I don't want to brag.

0:20:04.600 --> 0:20:09.119
<v Speaker 5>I'll just talk about this until it's done, until I

0:20:09.119 --> 0:20:10.520
<v Speaker 5>can verify those numbers.

0:20:10.640 --> 0:20:14.080
<v Speaker 3>And so, but there's a science to that.

0:20:14.240 --> 0:20:18.080
<v Speaker 5>So there's a way that virtual summits can be monetized

0:20:18.240 --> 0:20:21.120
<v Speaker 5>and there's an entire business model around that which I'd

0:20:21.160 --> 0:20:22.960
<v Speaker 5>like to share with a lot of people and how

0:20:23.000 --> 0:20:26.479
<v Speaker 5>anyone can use that to blow up their business, especially

0:20:26.480 --> 0:20:29.399
<v Speaker 5>if you have a business that is involved in teaching

0:20:29.440 --> 0:20:32.760
<v Speaker 5>people something. You sell online courses, you sell books, you

0:20:32.800 --> 0:20:35.800
<v Speaker 5>sell audio, and you want to drive a lot of

0:20:35.840 --> 0:20:40.040
<v Speaker 5>attention almost instantly to your business and monetize all that attention.

0:20:40.520 --> 0:20:41.400
<v Speaker 3>There's an entire.

0:20:41.240 --> 0:20:43.560
<v Speaker 5>Business model, a lot of things that we learned doing

0:20:43.560 --> 0:20:46.879
<v Speaker 5>this running the summits and monetizing it, and that's what

0:20:46.880 --> 0:20:48.280
<v Speaker 5>I would like to share with a lot of people here.

0:20:48.400 --> 0:20:50.760
<v Speaker 4>Yeah, so how long did it take to plans on

0:20:50.760 --> 0:20:51.399
<v Speaker 4>an event like this?

0:20:51.480 --> 0:20:52.000
<v Speaker 3>That's all? I mean?

0:20:52.040 --> 0:20:54.440
<v Speaker 4>Fifteen thousand piece a lot, you have fifty thousand registered.

0:20:54.720 --> 0:20:56.280
<v Speaker 4>How long did it take to plan something like that?

0:20:56.320 --> 0:20:57.639
<v Speaker 4>And what goes into it when you're trying to.

0:20:57.640 --> 0:21:02.600
<v Speaker 5>Plan, right, So this normally would take me about a

0:21:02.680 --> 0:21:08.400
<v Speaker 5>month to plan. So here's the thing. So it usual

0:21:08.400 --> 0:21:11.000
<v Speaker 5>tastes about a month, but we planned it in ten days.

0:21:11.280 --> 0:21:15.679
<v Speaker 5>So the President of Nigeria was due to give a

0:21:15.720 --> 0:21:19.520
<v Speaker 5>speech about whether or not the lockdowns would be lifted,

0:21:20.240 --> 0:21:22.000
<v Speaker 5>and so I told my team that look, there's a

0:21:22.040 --> 0:21:25.400
<v Speaker 5>good chance that the lockdowns would be lifted pretty soon.

0:21:25.840 --> 0:21:28.320
<v Speaker 5>We've got to run this while everyone's still at home.

0:21:32.480 --> 0:21:34.600
<v Speaker 5>So I didn't want to take a whole month to

0:21:34.640 --> 0:21:37.160
<v Speaker 5>plan it out. I wanted to have the summit run

0:21:37.240 --> 0:21:39.840
<v Speaker 5>while everyone was still at home, so that would have

0:21:39.880 --> 0:21:41.960
<v Speaker 5>all that attention and they'll be at home, everyone would

0:21:41.960 --> 0:21:44.240
<v Speaker 5>tune in, would have all that attention. So instead of

0:21:44.240 --> 0:21:46.320
<v Speaker 5>a month, we had to crunch it down to ten days,

0:21:46.320 --> 0:21:48.040
<v Speaker 5>and so we had to plan and execute in just

0:21:48.080 --> 0:21:53.040
<v Speaker 5>ten days. Yeah, so just ten days. So what went

0:21:53.080 --> 0:21:55.080
<v Speaker 5>into planning that. First of all, we had to build

0:21:55.080 --> 0:21:57.679
<v Speaker 5>an audience. We had to run a lot of ads

0:21:57.720 --> 0:22:00.760
<v Speaker 5>and let people know that a virtual summit was happening.

0:22:01.080 --> 0:22:03.040
<v Speaker 5>But not just any kind of virtual summit. It was

0:22:03.080 --> 0:22:05.199
<v Speaker 5>one that was relevant to what was going on and

0:22:05.240 --> 0:22:08.080
<v Speaker 5>that's the COVID nineteen era, and one that was offering

0:22:08.080 --> 0:22:12.000
<v Speaker 5>a solution to the current problem, the economic realities of

0:22:12.040 --> 0:22:14.520
<v Speaker 5>a lot of people who were losing their jobs. And

0:22:14.560 --> 0:22:17.359
<v Speaker 5>we also had to invite people that everyone knew. We

0:22:17.440 --> 0:22:21.679
<v Speaker 5>invited the most recognizable faces in Nigeria for that virtual summit.

0:22:21.760 --> 0:22:23.600
<v Speaker 3>I think a couple of them were in the US.

0:22:23.680 --> 0:22:25.600
<v Speaker 5>I think like two of our speakers were in the US,

0:22:25.880 --> 0:22:28.560
<v Speaker 5>but most of the faces were recognizable. These are people

0:22:28.560 --> 0:22:30.760
<v Speaker 5>who have been given solutions in Angeia for a very

0:22:30.800 --> 0:22:33.280
<v Speaker 5>long time, and so people saw this as very credible.

0:22:34.000 --> 0:22:35.040
<v Speaker 3>Everyone registered.

0:22:35.320 --> 0:22:38.000
<v Speaker 5>But an important thing that went to the planning was

0:22:38.040 --> 0:22:40.800
<v Speaker 5>the choice of platforms. So a lot of people have

0:22:40.840 --> 0:22:43.400
<v Speaker 5>I've seen a lot of virtual summits happen on Instagram Live.

0:22:43.720 --> 0:22:46.320
<v Speaker 5>Instagram Live is not a great place to hold a

0:22:46.320 --> 0:22:50.840
<v Speaker 5>summit or any serious virtual event. And you know, in

0:22:50.840 --> 0:22:54.080
<v Speaker 5>online marketing, we have a saying that do not build

0:22:54.080 --> 0:22:58.480
<v Speaker 5>your house on rented land, right, and most of social

0:22:58.520 --> 0:23:01.159
<v Speaker 5>media is rented land. So we have a lot of

0:23:01.160 --> 0:23:03.600
<v Speaker 5>people who lose their Instagram accounts or their Facebook accounts

0:23:03.600 --> 0:23:05.359
<v Speaker 5>and there's no way to recover that audience. They have

0:23:05.359 --> 0:23:08.360
<v Speaker 5>to start building again from scratch. And so those social

0:23:08.400 --> 0:23:10.679
<v Speaker 5>media is important. You've got to find a way to

0:23:10.840 --> 0:23:14.600
<v Speaker 5>offload those people that follow you online onto a platform

0:23:14.680 --> 0:23:18.840
<v Speaker 5>that you own and control, and that is your email list, right,

0:23:18.960 --> 0:23:20.800
<v Speaker 5>So that's the first thing that we did. So social

0:23:20.800 --> 0:23:23.720
<v Speaker 5>media it's a great place, but it's like a marketplace

0:23:24.119 --> 0:23:26.639
<v Speaker 5>where everyone comes, you do a business, and you go home.

0:23:26.960 --> 0:23:28.679
<v Speaker 3>So while you're in that marketplace.

0:23:28.720 --> 0:23:30.880
<v Speaker 5>You've got to be able to take as many people

0:23:31.359 --> 0:23:33.280
<v Speaker 5>in that marketplace home with you.

0:23:33.720 --> 0:23:35.120
<v Speaker 3>That's the analogy that I could use.

0:23:35.240 --> 0:23:36.720
<v Speaker 5>So we rite in a lot of ads, put out

0:23:36.720 --> 0:23:39.359
<v Speaker 5>a lot of publicity on Instagram. But we said, look,

0:23:39.359 --> 0:23:41.960
<v Speaker 5>in order to get access to the live sessions, you

0:23:42.000 --> 0:23:44.840
<v Speaker 5>would have to register on a certain page in the

0:23:44.880 --> 0:23:47.879
<v Speaker 5>link in our bio, and so we started running that publicity.

0:23:48.040 --> 0:23:51.960
<v Speaker 5>So we use that to build a huge email list. Right,

0:23:52.040 --> 0:23:54.280
<v Speaker 5>So here's the flow. We use that to build a

0:23:54.359 --> 0:23:58.240
<v Speaker 5>huge email list. But here's another mistake a lot of

0:23:58.240 --> 0:24:02.480
<v Speaker 5>people make after putting them on the email list. People,

0:24:02.760 --> 0:24:06.000
<v Speaker 5>a lot of people who hold virtual summits depend on

0:24:06.240 --> 0:24:10.360
<v Speaker 5>the email broadcasts to bring people to attend. And if

0:24:10.359 --> 0:24:12.480
<v Speaker 5>you do it a lot of email marketing, you would

0:24:12.480 --> 0:24:16.800
<v Speaker 5>see how low the open rates are a lot of times,

0:24:17.080 --> 0:24:19.199
<v Speaker 5>so a person might be opening an email when the

0:24:19.240 --> 0:24:22.159
<v Speaker 5>event is over. So you need to choose a platform

0:24:22.359 --> 0:24:28.600
<v Speaker 5>that sends instant notifications to your registered members. Right, So

0:24:28.840 --> 0:24:32.240
<v Speaker 5>we not only took their email addresses, we put them

0:24:32.240 --> 0:24:35.040
<v Speaker 5>onto this platform called Telegram. I'm not sure if Telegram

0:24:35.080 --> 0:24:38.680
<v Speaker 5>is it is a huge thing in America, but it's

0:24:38.720 --> 0:24:42.239
<v Speaker 5>really oh oh cool. So Telegraph Telegram and what's up

0:24:42.280 --> 0:24:46.800
<v Speaker 5>a huge in Africa, really huge. So but the greatest

0:24:46.880 --> 0:24:50.359
<v Speaker 5>the best thing about Telegram. Here's the best thing about Telegram,

0:24:50.440 --> 0:24:53.439
<v Speaker 5>especially Telegram channels, because Telegram has two sides of this,

0:24:53.520 --> 0:24:55.640
<v Speaker 5>Telegram groups and Telegram channels.

0:24:55.880 --> 0:24:57.800
<v Speaker 3>Right, but Telegram channels.

0:24:57.600 --> 0:25:01.680
<v Speaker 5>You can have all your subscribers receive a push notification

0:25:01.880 --> 0:25:05.159
<v Speaker 5>whenever you make a post. That is very difficult to

0:25:05.240 --> 0:25:08.639
<v Speaker 5>achieve on regular social networks. So if you made a

0:25:08.640 --> 0:25:12.240
<v Speaker 5>post on Instagram, you have to hope that someone would

0:25:12.240 --> 0:25:16.480
<v Speaker 5>find your post while casually scrolling through their newsfeed on

0:25:16.840 --> 0:25:20.119
<v Speaker 5>Instagram or on Facebook. But with Telegram, once I make

0:25:20.160 --> 0:25:23.880
<v Speaker 5>a post, we have a number of Telegram channels now

0:25:23.960 --> 0:25:27.879
<v Speaker 5>about about thirty thousand people across all our Telegram channels.

0:25:27.920 --> 0:25:30.160
<v Speaker 5>If I made it post right now, at least half

0:25:30.200 --> 0:25:32.920
<v Speaker 5>of those people would see it instantly because it sends

0:25:32.920 --> 0:25:35.719
<v Speaker 5>them a push notification. So that is the best approach

0:25:35.760 --> 0:25:39.280
<v Speaker 5>if you're looking to hold a live summit. I mean,

0:25:39.280 --> 0:25:41.160
<v Speaker 5>if you're doing something like a blog post, you could

0:25:41.160 --> 0:25:43.000
<v Speaker 5>put it out there and just hope that they'd find it.

0:25:43.200 --> 0:25:46.639
<v Speaker 5>But if you need people's attention now instantly, you have

0:25:46.680 --> 0:25:49.080
<v Speaker 5>to use a platform like Telegram and so that's what

0:25:49.119 --> 0:25:51.080
<v Speaker 5>we use. So the flow was this, hit the link

0:25:51.119 --> 0:25:53.160
<v Speaker 5>in our bio register, they got the link in our bio,

0:25:53.200 --> 0:25:55.560
<v Speaker 5>they registered, we got their email, We send them follow

0:25:55.640 --> 0:25:58.359
<v Speaker 5>up emails, but we specified that they had to join

0:25:58.480 --> 0:26:02.400
<v Speaker 5>the Telegram channel. So that's how we populated the Telegram channels,

0:26:02.560 --> 0:26:05.119
<v Speaker 5>and from the Telegram channels, whenever we had a live session, we.

0:26:05.359 --> 0:26:07.480
<v Speaker 3>Just broadcast the link and had.

0:26:07.280 --> 0:26:11.200
<v Speaker 5>This influx of people all at once, and so people

0:26:11.200 --> 0:26:13.520
<v Speaker 5>were wondering, how were you able to gather all these

0:26:13.520 --> 0:26:16.680
<v Speaker 5>eyeballs all at once to watch a live broadcast, especially

0:26:17.119 --> 0:26:20.159
<v Speaker 5>you know, this is Africa, when people are using limited

0:26:20.200 --> 0:26:24.240
<v Speaker 5>internet connectivity, we're still to still able to bring them

0:26:24.240 --> 0:26:28.360
<v Speaker 5>to watch hours and hours of broadcasts live. And so

0:26:28.840 --> 0:26:33.480
<v Speaker 5>that was the exact flow that we use from social media.

0:26:33.560 --> 0:26:34.880
<v Speaker 3>Offload them to your email list.

0:26:35.000 --> 0:26:37.440
<v Speaker 5>From your email list, get them onto a platform like

0:26:37.480 --> 0:26:40.800
<v Speaker 5>Telegram where they can receive instant push notification, and then

0:26:40.880 --> 0:26:44.600
<v Speaker 5>you'll have all those eyeballs whenever you have a live broadcast.

0:26:44.640 --> 0:26:47.720
<v Speaker 5>It's that simple, nothing complicated about it.

0:26:47.720 --> 0:26:49.560
<v Speaker 3>It's that simple. So that was the flow.

0:26:50.280 --> 0:26:53.320
<v Speaker 4>Now the Telegram, I'm trying to think it doesn't take

0:26:53.359 --> 0:26:56.080
<v Speaker 4>as much megabytes as a typical like if I.

0:26:56.000 --> 0:27:03.160
<v Speaker 5>Was watching on YouTube, the live stream doesn't happen on telegram,

0:27:03.240 --> 0:27:08.600
<v Speaker 5>it happens on YouTube. Got right, Telegram that telegram is

0:27:08.640 --> 0:27:11.280
<v Speaker 5>to pull them onto YouTube.

0:27:11.880 --> 0:27:14.720
<v Speaker 2>So yeah, all right, So that that's the first part

0:27:14.760 --> 0:27:18.240
<v Speaker 2>as far as getting the people together. But you talked

0:27:18.280 --> 0:27:20.400
<v Speaker 2>about as far as the business model, how to actually

0:27:20.440 --> 0:27:22.520
<v Speaker 2>monetize it, because I'm assuming it's free, right like you

0:27:22.560 --> 0:27:24.560
<v Speaker 2>did the free it was free? Yes, So how do

0:27:24.600 --> 0:27:26.720
<v Speaker 2>you how do you how do you monetize it? How

0:27:26.760 --> 0:27:27.760
<v Speaker 2>does how does that work?

0:27:28.760 --> 0:27:32.000
<v Speaker 3>Right? So there are multiple ways to monetize it.

0:27:32.040 --> 0:27:36.520
<v Speaker 5>The most obvious way is by selling the recordings. So

0:27:37.960 --> 0:27:40.320
<v Speaker 5>it's put out there that you know, the live sessions

0:27:40.320 --> 0:27:42.919
<v Speaker 5>are free, but the recordings are not, and so you

0:27:43.000 --> 0:27:46.320
<v Speaker 5>get all that attention. Everyone watches the live streams, but

0:27:46.440 --> 0:27:48.520
<v Speaker 5>they cannot download the streams.

0:27:48.640 --> 0:27:49.920
<v Speaker 3>The recordings are then sold.

0:27:50.040 --> 0:27:53.920
<v Speaker 5>That's the most obvious business model that we use to monetize.

0:27:54.119 --> 0:27:55.040
<v Speaker 3>But there are other ways.

0:27:55.080 --> 0:27:59.200
<v Speaker 5>So we also sell classes, specialized workshops.

0:27:59.480 --> 0:28:01.560
<v Speaker 3>So the beauty of all that.

0:28:01.480 --> 0:28:04.320
<v Speaker 5>Attention is that once you have all that attention and

0:28:04.359 --> 0:28:07.199
<v Speaker 5>you're giving value to all those viewers, anything that you

0:28:07.320 --> 0:28:11.120
<v Speaker 5>sell to those people carries a lot of weight So

0:28:11.400 --> 0:28:14.919
<v Speaker 5>we had a lot of our guests who came on

0:28:15.040 --> 0:28:18.800
<v Speaker 5>to speak and they had affiliate programs for their products,

0:28:18.840 --> 0:28:20.960
<v Speaker 5>and at the end of their sessions, I would come

0:28:20.960 --> 0:28:23.520
<v Speaker 5>on live with them to help pitch their products. They

0:28:23.560 --> 0:28:26.080
<v Speaker 5>would sell and we would get a commission. Right, So

0:28:26.240 --> 0:28:29.679
<v Speaker 5>the affiliate business model was there, the sales of the

0:28:29.720 --> 0:28:34.200
<v Speaker 5>recordings was there, and then our own of our own

0:28:34.640 --> 0:28:37.720
<v Speaker 5>specialized workshops and classes. That one also sold. So we

0:28:37.960 --> 0:28:44.240
<v Speaker 5>sold specialized classes in artificial intelligence, online sales, marketing, cryptocurrency,

0:28:44.280 --> 0:28:44.640
<v Speaker 5>and so on.

0:28:44.680 --> 0:28:47.000
<v Speaker 3>We sold all those ones with the attention.

0:28:46.760 --> 0:28:49.560
<v Speaker 5>And those ones also drove revenue.

0:28:49.600 --> 0:28:51.160
<v Speaker 3>So though those are multiple ways.

0:28:51.240 --> 0:28:52.840
<v Speaker 5>If you also if you have a book, you have

0:28:52.920 --> 0:28:57.640
<v Speaker 5>a course, you have a specialized workshop, that's the best

0:28:57.680 --> 0:28:59.680
<v Speaker 5>time to sell that sort of thing because you've been

0:28:59.680 --> 0:29:02.840
<v Speaker 5>able to attract all those eyeballs to one spot.

0:29:02.840 --> 0:29:03.880
<v Speaker 3>You've been able to build.

0:29:03.640 --> 0:29:07.360
<v Speaker 5>A lot of credibility by giving value upfront, so almost instantly,

0:29:07.360 --> 0:29:09.000
<v Speaker 5>then no like ca and trust you, and they're willing

0:29:09.040 --> 0:29:11.720
<v Speaker 5>to buy almost anything that is of value to them.

0:29:12.160 --> 0:29:14.959
<v Speaker 2>Now that's dope. And yeah, going back to the WhatsApp thing,

0:29:15.240 --> 0:29:19.560
<v Speaker 2>WhatsApp is extremely big overseas. When I'm saying overseas and America.

0:29:19.600 --> 0:29:21.720
<v Speaker 2>I just I realized that when I started to, you know,

0:29:21.760 --> 0:29:25.120
<v Speaker 2>have different friends from different countries and even you, that's

0:29:25.120 --> 0:29:28.040
<v Speaker 2>how I contact you. That's how we communicated WhatsApp. And

0:29:28.400 --> 0:29:32.160
<v Speaker 2>so when Facebook brought WhatsApp years ago for nineteen billion,

0:29:32.280 --> 0:29:34.560
<v Speaker 2>it was kind of weird because it's like they brought

0:29:34.960 --> 0:29:39.959
<v Speaker 2>Instagram for only one billion. But the communication channels in

0:29:40.080 --> 0:29:42.360
<v Speaker 2>other parts of the world, WhatsApp is not really huge

0:29:42.360 --> 0:29:46.280
<v Speaker 2>like that in America, but I realized that in like Europe, Africa,

0:29:46.320 --> 0:29:50.760
<v Speaker 2>pretty much everywhere outside of America, WhatsApp is huge. It's

0:29:50.760 --> 0:29:54.240
<v Speaker 2>a huge communication channel. And then Telegram. Shout out to

0:29:54.280 --> 0:29:57.760
<v Speaker 2>Ian Ian he's he does our stock show with Market

0:29:57.760 --> 0:30:00.000
<v Speaker 2>Monday is our stock show, and he has a Telegram

0:30:00.040 --> 0:30:03.200
<v Speaker 2>group and he's real big on Telegram. So what you're

0:30:03.240 --> 0:30:06.600
<v Speaker 2>saying pretty much is like you gotta diversify even your

0:30:07.400 --> 0:30:10.640
<v Speaker 2>ways of communication, Like you can't just do anything through

0:30:10.720 --> 0:30:14.560
<v Speaker 2>one channel. So it's like you use Instagram as the

0:30:14.600 --> 0:30:17.360
<v Speaker 2>first barrier to like because you know that's where most

0:30:17.360 --> 0:30:21.680
<v Speaker 2>people are, and then you move them from Instagram to Telegram,

0:30:21.720 --> 0:30:24.200
<v Speaker 2>which is another kind of social network kind of thing.

0:30:24.240 --> 0:30:28.320
<v Speaker 2>But it's better because now you can actually have push notifications,

0:30:28.320 --> 0:30:31.680
<v Speaker 2>and then from Telegram they sign up to the website,

0:30:31.920 --> 0:30:33.800
<v Speaker 2>and then from the website, then they can watch it

0:30:34.000 --> 0:30:36.920
<v Speaker 2>on YouTube. Then from YouTube, if you don't watch it,

0:30:37.000 --> 0:30:39.560
<v Speaker 2>you can or you can jump off and buy the

0:30:39.600 --> 0:30:43.440
<v Speaker 2>course or go to the affiliate program. So now it's

0:30:43.480 --> 0:30:47.240
<v Speaker 2>like seven different steps in the whole process.

0:30:47.320 --> 0:30:48.760
<v Speaker 4>Yeah, and it goes back to what you said about

0:30:48.800 --> 0:30:51.000
<v Speaker 4>being on rented land, Like if Instagram stopped, you still

0:30:51.040 --> 0:30:53.040
<v Speaker 4>got your Telegram group. If Telegram stop, you still got

0:30:53.080 --> 0:30:55.120
<v Speaker 4>to email this on your website. If that stops, you

0:30:55.120 --> 0:30:58.200
<v Speaker 4>still got the YouTube. So being on rented land, it

0:30:58.240 --> 0:31:00.000
<v Speaker 4>works out perfectly for you.

0:31:00.360 --> 0:31:04.840
<v Speaker 2>Yeah, yeah, nah, that's a vibe and yeah, okay, that

0:31:04.880 --> 0:31:06.840
<v Speaker 2>makes sense. So yeah, I mean that's that's kind of like,

0:31:06.920 --> 0:31:08.640
<v Speaker 2>you know, similar to what we see in America. A

0:31:08.640 --> 0:31:11.080
<v Speaker 2>lot of different people do affiliate programs. I was going

0:31:11.160 --> 0:31:13.360
<v Speaker 2>to ask you if you paid the speakers, but I

0:31:13.400 --> 0:31:15.040
<v Speaker 2>guess for the most of them, you didn't really have

0:31:15.120 --> 0:31:16.560
<v Speaker 2>to pay because they was going to be able to

0:31:16.560 --> 0:31:18.320
<v Speaker 2>make money on their courses that they sold on.

0:31:18.280 --> 0:31:21.000
<v Speaker 3>The back end, right Yeah, yeah, yeah, No.

0:31:20.920 --> 0:31:22.920
<v Speaker 2>Matter where you're at in the world, the same language,

0:31:23.560 --> 0:31:24.560
<v Speaker 2>it's the same language.

0:31:24.600 --> 0:31:24.760
<v Speaker 5>Man.

0:31:24.800 --> 0:31:26.400
<v Speaker 2>We always speak the same language,