Facebook Twitter LinkedIn RSS
    Trending
    • Samsung raises smartphones’ bar with launch of Galaxy Z Fold7, Flip 7 and Flip 7R
    • Jumia replatforms its retail media program to Mirakl Ads to enhance marketplace advertising
    • Nigeria targets 95% digital literacy by 2030
    • The $200 billion quest for reliable electricity, By Elvis Eromosele
    • A2P messaging license to cost N10 million, NCC announces
    • Nigeria Innovation Summit unveil agenda for 10th Conference
    • Vesti to host over 1,500 entrepreneurs, investors, and diaspora leaders at Prosper Conference 2025
    • PalmPay takes on Nigeria’s 90% insurance gap
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Nigerian startup, Publiseer reports over $10.000 Q1 profit
    News 2 Mins Read

    Nigerian startup, Publiseer reports over $10.000 Q1 profit

    mmBy ITPulseMay 24, 2018
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Chidi and Chika Nwaogu, Publiseer
    Chidi and Chika Nwaogu, founders of Publiseer
    Share
    Facebook Twitter LinkedIn Pinterest Email

     

    Launch 8 months ago, Nigerian digital publisher, Publiseer, today reported a profit of $10,877.58 for its first quarter in 2018, saying the profit is comfortably ahead of its expectations.

    Following the profits, Publiseer has launched its ‘Premium Distribution Service’ that will distribute books and songs for an upfront fee, allowing its authors and musical artists to keep 100 percent of their earnings. Nevertheless, old and new clients can still use its ‘Freemium Distribution Service’ that gives Publiseer a 25 percent commission on sales.

    The reported profit is driven by a 20 percent rise in submissions and a faster reputation growth overseas. Publiseer has thrived since its launch in August 2017, and traction has grown drastically. Since its international popularity is growing exponentially, the company is making moves to expand its services outside of Nigeria. In response to this, Publiseer has distributed the works of Canadian Youtuber Heidi Shai, American Jazz musician Ragtime Joe, and Missouri producer ANB Beats. In Africa, Publiseer has distributed the books of  Cameroonian writer Juan Gutied and Zimbabwean author Godfrey Masanga.

    As of writing, Publiseer has distributed 92 books and 374 tracks by 73 authors and 154 artists, having received over 1,000 submissions since August 2017. Chidi Nwaogu, Publiseer’s CEO said: “Starting Publiseer, we weren’t focused on profitability as an early-stage company, rather, we were focused on customer satisfaction and retention. But at the beginning of the first quarter of this year, submissions doubled and thus our releases too. It’s good building something that meets a growing need, and which eventually makes lots of money.”

    Publiseer is a digital publishing platform for unsigned and independent writers and musicians with low-income or from low-income families. However, the platform is open to well-established authors and musicians looking for new avenues to distribute and monetize their creative works on the World Wide Web. Publiseer has distributed the works of A-list Nigerian artists like CDQ, Klever Jay, Erigga, and DJ Jozenga of RayPower FM.

    Chidi and Chika Nwaogu IT News Publiseer Software Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025

    Vesti to host over 1,500 entrepreneurs, investors, and diaspora leaders at Prosper Conference 2025

    July 9, 2025

    PalmPay takes on Nigeria’s 90% insurance gap

    July 9, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    Samsung raises smartphones’ bar with launch of Galaxy Z Fold7, Flip 7 and Flip 7R

    July 10, 2025

    Jumia replatforms its retail media program to Mirakl Ads to enhance marketplace advertising

    July 10, 2025

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    Samsung raises smartphones’ bar with launch of Galaxy Z Fold7, Flip 7 and Flip 7R

    July 10, 2025

    Jumia replatforms its retail media program to Mirakl Ads to enhance marketplace advertising

    July 10, 2025

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025
    Popular Posts

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025

    Samsung raises smartphones’ bar with launch of Galaxy Z Fold7, Flip 7 and Flip 7R

    July 10, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.