This Entrepreneur Is Aiming To Sell His Product To 1.4 million Children | Lions Den Nigeria
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- čas přidán 29. 01. 2022
- Idorenyin Obot Akpabio Came into the den seeking N20 million for 25% of Aideology Interstate Game, a board game that teaches children about Nigerian history and geography.
But do the Lions think this is a business that can scale?
Lions Den Nigeria is a business reality show that gives budding entrepreneurs across Nigeria the chance to pitch their business to 5 successful Nigerian investors, referred to as Lions.
These Lions are looking to give back to the society and help Nigerian fulfil their dreams and ambitions. As such, if they see the potential in the entrepreneurs’ business, idea or products, they will invest in the business, in exchange for some equity in the business. - Zábava
Is it just me or does anyone else count it as a win for many of these guys who didn't get the funding they came for but got sound, clear advice on the path they should take for their business or those that got just mentorship?
The person behind this voice over though!! 🤝
Ben Ogbewi
As he mentioned 3 Million Naira... Mr Paul brought out Calculator!
I have watched a lot of episodes and I have so much respect for Bolaji especially his investment decisions and risk. Other lions always look forward to his opinion though. Kudos Bolaji
He's an investment banker so it's expected that he makes better decisions than the rest.
I'm obsessed with this show😊😊
Why is all the clips from 4 months ago?....Is the show not running again?
Me too o. We need more of these series
It is running, Dstv 154 and 153 and gotv 2 every Saturday 8pm
@@chiamakabianca801 Thank you for this.
God bless you ooh
Paul likes to think about everything that could go wrong before taking a step. He's the type of investor one would want to shake his ideas off before running with it. Bolaji on the other hand is quite confident in what is a good business idea from experience (I believe).
I love this show , pls guys should continue it will encourage a lot of youths.
UK stores, US Texas Nigeria communities sales and international airport sales
Adenike has not been able to make investment decision on her own. She either talk down people or see them as competitors to her business, follow other lions on investment decision or back out with them.
I think he got this idea from the monopoly game. I like it, though I also believe it should go digital but this shows how much we are willing to invest in education as Nigerians
The cost of production should be reduced and he has to reduce his profit margin to about 50% instead of the current 100%.
Those issues aside, it's very creative, innovative and nice. The cost just has to come down as his target market shouldn't be just the likes of Grange Schools or Rayfield Schools.
Who else feels Adenike never has a mind of her own
Paul's questions are so on point!
Talking scalability
Most people pitching don't usually come out with a clear business plan for why there need investments and don't even talk about how they intend to scale in a business way. Usually most of them pitching dont understand the business side of project and focus only on the money part. Nevertheless, I salut Nigerians for the great minds they have.
The Pricing was the challenge! The Product should have gone for Urgent 5k since cost of producing 500 was @3500/unit. He would be able to Mass Produce 10000 for less!
My point exactly. The moment I heard the cost per unit I thought- an Igbo guy would start selling this stuff for 4500, and he'll sell out quickly
Akpabio you can get a Lion. You need a simple answer. You are racing to scale so you push costs down and price drops to cover a large market. Then digitalize this game.
I love this game 💥❤️
This is a great game. Digitising the game will be a great idea and perhaps selling it to or partnering with edutech platforms in Nigeria will be a great place to start
Paul is always hard to impress.
Paul is always out. Immediately bolaji and dan are out just forget it.....lol
Lol
Always.
Not sure he had invested in any business so far
@@ericnjoku9931 just one and he's offer is always Tough
Never pray Paul be your last man😂
He will slay you😂😂🤣🤣
Lol honestly 😂😂
😂😂😂
I Will start my own company this year in Jesus name, amen.
That's a great game but mama for me to walk you down that step we are going on a date 🥰.
That product has potential to sell more in millions but that's product could be online too for kids to compete online with endless games coming up cause that book card there for me thinking like a kid after playing all the physical card game can start getting boring you know
I also think it's a great product that can move millions of copies annually, even as a physical game. But the production price will have to drop seriously for that to happen. I feel like if he could produce that game at a 900 Naira price point and sell around 2000-3000 Naira. And a great marketing strategy. He could move 10-50,000 units monthly. Many parents want to reduce screen time for their kids anyway, but they won't pay 7000 Naira to do that in Nigeria.
Bolaji and Kyari are usually the main life line for investment. Once those two are out then your chances are slim.
I'm concerned no one asked how the production cost could be beaten down. The cost of printing these could come down if there's a plan to reach the 1 million target... and removing the packaging from the box for a smaller way... I think there's a better way around this.
The production cost was actually delineated on.....Which one of the lions added that the higher the demand of the commodity,the lower the cost of production....Which is a very vital point he made there...
One big challenge here will be the nightmare of distributing across Nigeria. The margins can’t be sustained once the games are shipped - the selling price will have to head northwards and the demand will fall. Reducing the production cost is largely a function of increased production quantities (taking into consideration inflation and FX - for imported papers to produce), the margin will be swallowed up before you know it.
This idea should be sold to Ministry of Education. Cashout ones and look for another idea
Are you really a Nigerian or you're just visiting?
Lol. Forget it.
I'm yet to find an episode where Lion Paul invested.
He has! He is a great guy! Doesn't waste time to knock off dead woods.
Please how can I get the link of this lions please 🥺🥺🥺🥺🥺
There are a lot of foreign business that sells paper sport games.
There is a viable business here. But the target market at the current unit price is small and it would encourage easy competition. I believe they can work things around cost of production to be able to capture more middle income population. Digitizing the game is a great idea, glad they are thinking in that direction already - operating analogue and digital places the business on a good pedestal to capture a sufficient part of their SAM. Nice 👍
I don't think digitizing this kind of game would be a bright idea, the experience would not be as good and any review online would be based on the digital version
9000 for a kids game is high. Its about 20% average school fee price for kids
Thanks guys
Biko how can I apply for this show
If Bolaji Balogun is out then just rest, nobody is investing
Exactly 🤣😂😂😂
Who national identity help
Paul is always hard to impress.