AffNaija: The Genesis, The fall and The Exoneration
Posted on 03/02/2018 It all started sometimes in October 2017, I jumped on an old post on nairaland, “11 African Startup Founders Who Built Million-dollar Internet Companies”, then I saw another post “Top Tech Startups In Nigeria”. I was so inspired that I started brainstorming on something new I can build/startup. The week before, I read on affiliate marketing and its opportunities. Then I started making deep research and thinking on how I can take affiliate marketing to the next level. While still at it, a friend send me her recadax referral link. I joined. About a week later, I got this idea of mixing affiliate marketing with the modus operandi of recadax resulting in an affiliate marketing partner network.
I started working on AffNaija, I studied recadax, worked on all its weakness and ported it to AffNaija. I registered on Jumia, Konga, Payporte and Kilimall as an affiliate marketer. Then affnaija was launched on 22/11/17.
The first one month, AffNaija only made a few thousand on Jumia, I thought it was because of the numbers of members we had then. So, I decided to see how affnaija will fair the next 30 days. Then AFFNAIJA: THE REVELATION happened.
Thanks to all those who gave suggestions on how we can keep affnaija running and to those who are/were willing to make donations. A special Thanks to all members of ‘help affnaija live again’ group on whatsapp. I appreciate your efforts. Some of the suggestions make sense. Some of the measures have already been effected on the website. This was my resolution:
1) AffNaija would only run the 10k subscription plan. With that, people on the vet and ultimate plan won’t have a problem renewing if they have not withdrawn/sold their earnings already. People on the lower plans or people on the high plans that have withdrawn/sold or generally prople that do not have enough to upgrade to the veteran subscription would have to buy AffCash to renew. This will clear some backlogs
2) Their would be option for those who are no more interested to withdraw their funds/sell to agents
3) Earnings on the veteran plan would be #700. So by the end of 30days, you would have double of your subscription fees. You can renew and withdraw some or you withdraw all. It’s up to you.
4) Since first week of January, AffNaija has been running on a ~$600 yearly business hosting server worth. We have never ran the website on some cheap shared server. We still think with right optimization, we can still squeeze some +juice out of the server till we can afford $1000+ dedicated server. You must have noticed the website now load faster than ever before.
5) To reduce AffCash hack/fraud, members scamming each other. As a member, you would need to input your password before you click on transfer. The money will only go through with a correct password. And Agents will now serve as escrow. When you send AffCash to a member, an agent will have to validate the transaction once the seller has gotten alert before AffCash would be deposited in the buyer’s wallet. An agent portal has been created for all agents.
6) AffCash Transaction fee will be 4%. And withdrawal charges will be #200 per withdrawal. Minimum withdrawal shall be #5000.
7) Other means of generating revenue is underway.
8) AffNaija will be open to individuals or merchants or existing promoters who would want to advertise his/her business/products/post ad.
9) Run lotteries, contests, games. With these, member would spend AffCash to play lotteries, games and participate in contests, also, to vote for their favorite contestants. This would make affnaija lively and some AffCash coming back to us, AffCash in wallets would reduce, lesser amount of withdrawals to process/lesser funds would be available for members to sell to agents.
As solid as these plans seem, I thought we needed a professional advice so I met a financial analyst and an online business guru. The prognosis given was bad.

You can join any of the groups below to stay informed: 1. Whatsapp: https://chat.whatsapp.com/6j4CSyBhEGxJCW41MWJeDH 2. Telegram: t.me/affnaija Thank you.
Thank's for reading my article New Updates About Affnaija You Must Read
Created at 2018-02-03 04:20:15
Tags: Affnaija , info , news , updates , upgrade


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