I doubt you really know how she made bank at the speed she did? Isn’t really as neat as turning free traffic to $1m - as you inferred in an earlier post.
See, the advertising agencies are a cabal way more entrenched than the mafia. They hold content owners to ransom especially those who cant afford to be flexible with their pricing.
LIB offers a unique opportunity for these agencies and their shaving craft, Linda can chose to rent a space on her site for a $1 and that $1 na pure profit, the ad agencies can in-turn quote $2 to their advertisers - these are banks, telcos and other blue chip co.
She wouldn’t mind the shaving. Its a corroboration that brings steady flow of business to her even if the middle men will be getting as fat as herself.
She definitely wouldnt mind as she runs a one woman show, virtually no overhead, and no personal cost to keep her blog running besides a charged laptop and ears out the window - for a long time it was the other ear on other people’s site, though.
So when she charges 1m naira for her homepage ads, the agency bringing the business can take upto 40% of that. They are the gatekeepers and will keep business rolling her way, cuz it pays to shave. She loses nothing even if they shave her on 80/20, but no business woman or man would agree to that. Well not an Igbo woman ( I am igbo, so move along with the minder on tribalism)
Every drive to track ad run through this agencies have been still births. Even in a recession Linda can still make bank because the agencies have prioritized her placement.
Consider this with the average content owner who runs a show on radio for instance. If the latter approaches an ad agency with an open slot on his show for 100K per placement. He’d be taken up on the offer but won’t be paid till interest on that 100k, if it was in a FDC, don born pikin. The ad agencies are killing radios, owing them 100s of millions at a time.
The argument against this guy is that he can’t take a shaving on that 100K, cuz he probably produced his radio show at 50k, how much him wan shop from there? How much agencies wan shave? Also for the agency they need a content owner that can justify millions in ad spend and be also ready to play ball. The others guys aren’t interesting to them but they’ll take your slot for diversity sake in their pool of available ad slots.
@PkayBola you don’t know the half of it.
Now Linda is smart woman. Luck played a part in her success but definitely wasn’t all of it. But when you make harebrained statements like; dont comment unless you have a billion naira or run a platform with a billion users it smacks of a very terrible symptom.
Ronald Wayne one of the original founders of Apple Inc sold his shares for $800 in '76, if he held on to it those would be worth $38B today, he doesn’t regret a moment of it. He lives a hermit life. But all he needed to do was hold to even 1/38th of his original shares and he’d be a billionaire. Thatz all.
Hypothetically, speaking the latter would readily hear your advice on how to run a billion dollar company, all he did was hold on to shares. That Linda runs an uber successful blog doesn’t mean she never took advice whether expert or not. For all we know this LIS may just well be his little brother’s idea. According to you she should have prolly waited to loan him a billion naira before he could be heard.
I know none of these things enter your head, you’d probably reply with; ‘who grammar epp?’ or her sister version.
Just broadening your perspective.