entrepreneurship in Nigeria

We all know that ambitious entrepreneurs like to get their fingers into all sorts of pies, as they want to explore new opportunities that could help them to enjoy new-found success and wealth. One area that more and more savvy entrepreneurs have been getting involved in is the virtual investment scheme known as MMM. This is becoming increasingly popular with ambitious people and in particular with younger entrepreneurs.

According to reports, there are a number of reasons behind this rising interest in MMM amongst entrepreneurs. MMM in Nigeria is a trending topic. However, not every entrepreneur sees or understands the opportunities it can bring. In this article, I will talk about why savvy businesses should consider MMM.

Why is MMM an exciting opportunity for businesses?

There are a number of reasons why MMM is being touted as an exciting opportunity for businesses. As mentioned previously, there is controversy relating to MMM with some called it a pyramid scheme. However, some financial analysts have said that it helps businesses to gain a financial edge as well as to help build their business.

MMM is described as a community-based mutual aid program and is aimed at providing members with the ability to help one another financially. The amount that the member is required to pay is specified at the offset, and according to the MMM site, the investor can expect to yield a healthy return of 30 percent at the end of the month.

You entrepreneurs have not been discouraged by the bad press that MM has received, with many eager to get in on the action. Some younger business people have already reportedly make a lot of money through their involvement in MMM, which has come as a relief for them in the current financial climate. Some entrepreneurs who have spoken out from experience have gone as far as to claim that the bad press is down to hype from the financial industry bigwigs because they feel threatened by the success of MMM. At one point, the scheme was reported to have shut down as reported by the Wall Street Journal. However, it returned after being inactive for a month or so.

Some reasons why businesses and entrepreneurs have decided to jump on the MMM bandwagon

So, what are the main reasons why savvy entrepreneurs and businesses should consider getting involved with MMM? Well, here are some of the key ones that have resulted in growing success for the scheme:

  • The ability to make money: With the impressive returns that investors are able to yield through getting involved with MMM, this is a great way for businesses to use money in order to make money. Many entrepreneurs have said that they’ve made very good returns since they got involved.
  • Tapping into a growing financial aid scheme: Despite the controversy surrounding MMM, this has continued to enjoy growth and popularity, as reported at the end of last year by CNN. As a business person, you can look forward to tapping into a growing financial aid scheme, which means that you can look forward to it being used more and more regularly in the future. It has had its ups and downs, with a report in the Guardian showing that there was a dip in investment earlier this year after a one month hiatus. However, popularity now continues to grow.
  • A new and unique opportunity: Businesses are always looking for new and fresh opportunities these days, particularly in the difficult financial climate. MMM provides an opportunity that is very different and provides entrepreneurs with the ability to really make their money work for them in terms of the returns they can enjoy. All entrepreneurs want to succeed but not all manage it. However, this is a fresh new opportunity that could provide an additional platform to help boost their financial success.
  • Additional bonuses: Entrepreneurs are keen to earn money, and with MMM this is something that they can do in a number of ways. One of the methods through which money can be earned is via bonuses. The program offers a range of bonus opportunities such as referral bonuses, manager and guider bonuses, and even bonuses for creating and sharing a video after you have been the recipient of money from the scheme.
  • Being involved in a community scheme: This scheme is being hailed as a community financial aid program that is funded by the people for the people. As a result, businesses that get involved will benefit from involvement with a scheme that is designed to help the community as a whole. This is not purely through the provision of financial aid but also by increasing opportunities for individuals and businesses within the community.

Conclusion 

From what many other entrepreneurs have said following their own MMM experiences, this is definitely an avenue worth exploring for the curious and ambition business person. Some people may have bypassed the chance to join this scheme simply because of what they have heard. However, hearing businesses speak of their own successes with MMM puts a whole new spin on things compared to what we have heard in the media and from the finance industry.

Organizers and those involved with MMM claim that this is something that can really make a difference to people, businesses, and the community as a whole in a number of ways.