Economy
How to Make Money as a Writer
By Emmanuel Udom
The coming into existence of computers and the internet has indeed reduced our world to a global family. Every profession and vocation has therefore gone online.
These days, it is common to hear words like e-commerce, e-books, e-banking, e-governance e-relationship and of course, e-marriage.
This is indeed a digital age, where with a click of the mouse, you can successfully seal a business deal; get information, network for friendship, marriage etc.
Reflect deeply on what I am about to tell you here. Are you a medical doctor, business person, journalist, fashion designer, plumber, teacher, entertainer, computer expert, entrepreneur, or even a pastor or an Imam? The truth is that regardless of your profession or vocation, you and I are marketers.
The bottom line of our networking, daily hustles, bustles and runs is to market our knowledge, talent, skill, passion, products, services, or ideas. Therefore, with the internet in place, the entire world has become our marketplace. Geographical location is no longer an issue.
Let me now zero in on you, as an aspiring writer, if you are not yet one. It takes a burning passion, focus, discipline, pain and a raw, determined spirit to work towards becoming a world-class writer.
Writing is not, has never been and will never be a piece of cake, or tea party. Ask those who have attempted times without number to write an article, a book, a novel, a script, and documentary or a research paper.
Why do you want to be a writer? This is a personal question that you alone should answer, not me. There are a thousand and one reasons why people aspire to write for the public. I am sure you can list some of the reasons.
However, you as a writer must add value, benefits, information, education, and insight to your readers to remain relevant.
In this computer age, it is not about writing to impress but writing to sell. A writer is a marketer, just like the sales representatives, who go from place to place to market their products or services.
Writers are not expected to move from one locality, state or country to the other. They are expected to sit down and graft quality, promotional articles that will attract traffic (visitors) across the globe.
To graft goes beyond writing to impress. You have got to get the right words and carefully build them into powerful and attractive articles, books, scripts and documentaries.
In my e-book: How To Make Money As A Writer, I have outlined some of the steps budding writers must take to bring their dreams of becoming world-class writers to fruition.
Let me pause here and say this. If your aspiration as a writer is to make quick money overnight, I suggest you drop the idea. Like every legitimate business, it takes pains, commitment, focus, passion and determination to grow your business. Becoming a world-class writer is not exclusive here. Ideas come before money. So, your income from writing will come in trickles and grow with time and
The Basics
As a writer, you are aspiring to publish quality, attractive content for your clients and readers. Whether you want to write hard copies, or e-books, or post your articles on blogs or sites, there are some basics you must know that will help you in bringing your dream to reality.
Discipline
Nobody can achieve much in life without discipline. It has nothing to do with your profession or vocation. You must be focused, not easily distracted, organized and time-conscious to be a super writer.
Read Wide
Content writers are versatile fellows. Read everything and anything on your core, competent area.
The aim is to acquire more knowledge to write as an authority, even if you are a school drop-out or a PhD holder. This is the starting point for attracting visitors and ultimately the money.
Roadmap
It is one thing to aspire to become a writer. It is a different ball game to have a clear plan on how to move from where you are to where you want to be a world-class writer.
So, if you want to write content on fashion, engineering, journalism, business, entrepreneurship, and social media, that will sell and bring you money, you must first and foremost have a realistic and workable plan on the ground.
Challenges
You may not agree with me here. Most of the so-called challenges or problems that come to us daily are self-created.
Remember, I say most, not all. Take it or leave it, challenges are necessary for growth.
It is when you overcome challenges that you grow, not by avoiding them. People will try to discourage you when they see that you are trying to break away from the crowd.
Therefore, when n you make up your mind to become a writer, you have got to have this iron-like passion that no discouragement or run-down words from people could break. Great writers today were ones called all sorts of names by their friends, colleagues, family members etc.
Mentorship
Read the works of great writers and become inspired to be like them. But, there is a nag here. Do not at any point in time try to copy your mentor hook, line and sinker.
You must still the suggestions you receive from others to the test and see whether or not they tally with what you have in mind.
The late Dr Sunny Obaze-Ojeagbasi, the publisher of Success Digest, said: do not attempt at any point in time to copy your role model up to the point of losing your identity. He is right here.
Emmanuel Udom, a journalist and private investigator, can be reached at [email protected]
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the south territory with a decline of 0.56 per cent on Wednesday, April 2.
This brought down the market capitalisation by N13 billion to N2.417 trillion from N2.430 trillion, and downed the NASD Unlisted Security Index (NSI) by 22.57 points to 4,062.87 points from the previous session’s 4,062.87 points.
It was observed that the NASD exchange ended with three price gainers and three price losers during the trading day.
MRS Oil Plc depreciated by N19.00 to close at N171.00 per unit compared with the previous price of N190.00 per unit, NASD Plc lost N4.14 to trade at N37.36 per share compared with Wednesday’s N41.50 per share, and Central Securities Clearing System (CSCS) Plc gave up N2.00 to sell at N78.00 per unit versus N80.00 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc appreciated by 19 Kobo to N93.00 per share from N92.81 per share, Food Concepts Plc expanded by 15 Kobo to N2.87 per unit from N2.72 per unit, and Great Nigeria Insurance (GNI) Plc improved by 2 Kobo to 52 Kobo per share from 50 Kobo per share.
Yesterday, the volume of securities dipped by 91.8 per cent to 260.2 million units from 3.2 billion units, the value of securities went down by 98.1 per cent to N154.2 million from N8.3 billion, while the number of deals soared by 53.3 per cent to 46 deals from 30 deals.
GNI Plc was the most active stock by value on a year-to-date basis with 3.4 billion units worth N8.4 billion, followed by CSCS Plc with 56.9 million units valued at N3.9 billion, and Okitipupa Plc with 27.5 million units traded for N1.8 billion.
The most traded stock by volume on a year-to-date basis was also GNI Plc with 3.4 billion units sold for N8.2 billion, trailed by Resourcery Plc with 1.1 billion units exchanged for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.
By Adedapo Adesanya
The Naira dropped N2.09 or 0.15 per cent against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, April 2, to trade at N1,380.79/$1 compared with Wednesday’s rate of N1,378.70/$1.
However, it appreciated against the Pound Sterling in the official market by N2.77 to quote at N1,824.86/£1 versus the N1,836.57/£1 it was traded at midweek, and improved its value against the Euro by N10.54 to N1,591.92/€1 from N1,602.46/€1.
Yesterday was the last trading session of the week for the local currency in the spot market, as the market will be closed on Friday and Monday for the Easter Holiday.
At the black market, the Nigerian Naira maintained stability against the greenback yesterday at N1,405/$1, but gained N8 at the GTBank FX counter to settle at N1,388/$1, in contrast to the previous session’s N1,396/$1.
Pressure eased on the domestic currency as strong policy indicators have helped calm the majority of worries within the financial systems. Particularly in the remittance segment, the apex bank has directed all International Money Transfer Operators (IMTOs) to route remittance transactions through designated Naira settlement accounts in banks, a move aimed at boosting transparency and channelling more foreign exchange into the formal market.
This helps take off pressure from the foreign reserves, which have fallen below the $50 billion mark as they are gradually decreasing rather than falling sharply.
Meanwhile, the cryptocurrency market was bullish on Thursday, as macro sentiment shifted against recent optimism after reports that Iran is drafting a protocol with Oman to manage traffic through the Strait of Hormuz, easing concerns about disruptions to a key global oil route.
The remarks came after U.S. President Trump on Wednesday night vowed to hit Iran “extremely hard” in the coming weeks and that the Strait of Hormuz would “open naturally” once the war ends.
Cardano (ADA) chalked up 1.9 per cent to trade at $0.2435, Dogecoin (DOGE) grew by 1.2 per cent to $0.0912, Ethereum (ETH) appreciated by 0.8 per cent to $2,066.37, Bitcoin (BTC) added 0.5 per cent to sell at $67,080.53, Solana (SOL) increased by 0.5 per cent to $79.91, and Ripple (XRP) jumped 0.2 per cent to $1.31.
Conversely, Binance Coin (BNB) dipped 0.7 per cent to $586.90, and TRON (TRX) depreciated by 0.3 per cent to $0.3147, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
By Dipo Olowookere
The local stock market was relatively flat on Friday, as the bears and the bulls shared the spoils of war, though investor sentiment turned bullish compared with the preceding session’s bearish posture.
Data from the Nigerian Exchange (NGX) Limited showed that the All-Share Index (ASI) was marginally down by 4.66 points as it ended at 201,698.89 points versus Wednesday’s 201,703.55 points, and the market capitalisation slightly contracted by N3 billion to N129.806 trillion from N129.809 trillion.
Customs Street was shut on Friday because of the public holidays declared by the federal government today and next Monday.
Business Post reports that John Holt declined by 9.91 per cent to N15.45, Abbey Mortgage Bank shed 9.60 per cent to trade at N8.95, International Energy Insurance slipped by 6.48 per cent to N3.32, Chams shrank by 5.30 per cent to N3.75, and Tantalizers depreciated by 5.18 per cent to N4.03.
On the flip side, Unilever Nigeria improved by 10.00 per cent to N103.40, Fortis Global Insurance gained 9.82 per cent to trade at N1.23, Multiverse appreciated 9.81 per cent to N20.15, Legend Internet advanced by 9.38 per cent to N6.30, and Zichis grew by 9.02 per cent to N14.14.
The market breadth index was positive during the trading session, as there were 35 appreciating stocks and 24 depreciating stocks.
Yesterday, investors traded 560.0 million equities valued at N19.3 billion in 49,676 deals, in contrast to the 815.5 million equities worth N33.3 billion transacted in 52,641 deals in the preceding day, representing a drop in the trading volume, value, and number of deals by 31.33 per cent, 42.04 per cent, and 5.63 per cent, respectively.
Secure Electronic Technology dominated the activity log with 59.7 million shares valued at N61.1 million, Wema Bank exchanged 52.0 million equities worth N1.4 billion, VFD Group transacted 36.0 million stocks for N410.5 million, Access Holdings sold 35.3 million shares valued at N914.8 million, and Chams traded 31.0 million equities worth N115.0 million.
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