Monday, February 16, 2009

How I Turned N3000 to N200,000 in 6 weeks

It was a warm afternoon in April 2003, I was still operating from a Cyber Cafe in Mainland Lagos. The cafe I was using charged like N120 per hour. I had been browsing for like 4 hours, when I stumbled on a website that said it was offering "reseller hosting". I think it was edatarack.com or something like that.
I had never heard of the term. Uptill then I had offered my clients hosting with either of two offers:

1) Free hosting via Geocities ( Yahoo) or Netfirms
2) Paid hosting from $50 with Netfirms, Yahoo or any other webhost.

I had not made much from web hosting uptil that time.

To most people, such information right now might just be mundane, because I am sure as of this year 2009 almost everyone has heard of Reseller Hosting and we have all seen the adverts put up by SignOnAfrica, Mcreal, Domain Standard, Lagos Host and the rest, but in early 2003, this was not the case.

I did a little bit more of research on the reseller host and within an hour, I signed up for the service, paying I think $15 for a month. I then tapped into my "List" yes the mighty list without which no-one can make real money online.

In summary, between that day April 10th till about May 28th 2003, I turned my $15 ( N3000 or so) into over N200,000. By November 2003 ( 6 months later) with the benefit of hindsight we had become the largest webhost in Nigeria hosting over 250 domains. I didnt know anything about branding or unique DNS then, so webhost.info never really recognized us as the largest web host. As of March 2004 they recognized Mcreal .net with 220 domains as Nigeria's largest web host.

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