Making Money from Information
In the real estate business, there is a concept known as the agency fee. In Nigeria, this fee is typically 5% of the total cost of the land, paid by both the seller and the buyer. For example, if you sell a property worth 10 million naira, you would earn 500,000 naira from both the buyer and the seller, totaling 1 million naira. If you’re working as part of a team, this 1 million naira is shared among the team members.
Additionally, you can specialize in regional transactions, such as handling deals where the seller and buyer are from the same region (north-to-north or south-to-south). Those who connect the seller with the buyer can each earn their respective 5% commission.
Applying Admin Ado Erhirhi’s principle of repetition and consistency over time, you might start by investing in real estate in less developed areas that will eventually become prominent cities.
Information is wealth. You can generate significant income without initial capital by leveraging the right strategies. Prayer and integrity play a crucial role in this process.
To break free from a stagnant salary, such as 26,000 naira a month, you need to envision and demand a higher level of income. Write down your income goals on a piece of paper and place it where you can see it when you wake up and before you go to sleep. This practice can help manifest your financial aspirations.
The True Essence of Mentorship
About 10 to 15 years ago, a young pastor visited my home looking furious. After exchanging pleasantries, he sat down for a while and then left, leaving me quite concerned.
Many years later, he confessed to me that his initial visit was driven by frustration. He had come to complain about his wife not washing his clothes that morning. However, upon seeing me hanging my clothes, his anger dissipated, and he went home feeling reassured.
This experience highlighted a fundamental aspect of mentorship: it is about modeling behavior. Mentorship is not always easy, but it is profoundly impactful.
I remain your friend, Dr. Charles Apoki. You are my responsibility.
