What is Yahoo Business?

Yahoo and Yahoo plus (+) Business has been a common buzzword in Nigeria for years. It’s an internet-based business where workers apply certain fraudulent formats to convince online clients to engage in transactions. About 35% of Nigerian youths have been said to engage in the Yahoo business and cashed out regularly. While this activity has gained popularity among Nigerian youths due to high unemployment rates and corruption in the government, it’s important to note that it’s a negative practice that can lead to serious consequences.

5 Justified Reasons Why Most Nigerian Youths do Yahoo

However, this activity is referred to as fraud-related business because it involves a certain height of deceit from the side of the worker where the client is totally convinced for the transaction.

The Yahoo business seems to be a negative one even though the Nigerian Youths have claimed to have learned the business from the Nigerian Government. Apparently, according to the situation of things, if the Nigerian government and its officials can go to other countries, and borrow billions of dollars, share and squander it among themselves and their relations, without any hope or intention to pay back the money, then they are the real yahoo men whom the yahoo boys emulate.

However, there’s a senior brother of Yahoo Business called Yahoo Plus (+). Although people often mistake one for the other, they’re vastly different. Here are some major differences:

5 Major Differences Between Yahoo and Yahoo Plus (+)

S/NOrdinary YahooYahoo Plus (+)
1Yahoo is an ordinary but sensitive businessYahoo Plus is an extraordinary and extra-sensitive business
2Yahoo is done without any spiritual commitmentYahoo Plus requires some fetish spiritual commitment; rituals
3Yahoo makes you comfortable or richYahoo Plus makes you wealthy within a shorter period
4Yahoo can be done by almost everybodyYahoo Plus is often done by strong-minded youths
5Yahoo does not have any spiritual side effectYahoo Plus attracts spiritual side effects later in life
Difference between Yahoo and Yahoo plus

It’s important to note that joining Yahoo Business can have negative effects on your life, and it’s not a sustainable way of making money for young promising youth. However, there are legitimate ways to make money online. Here are 12 betters ways to make money with your laptop instead of doing yahoo. Check out these 63 reasons why you should start freelancing today.

Learning Yahoo in Nigerian: Where and How

A brief overview of Yahoo and Yahoo Plus in Nigeria

Yahoo and Yahoo Plus have become commonplace terminologies among Nigerian youths. While some may see it as an easy way to make money, others view it as fraudulent and illegal. Nevertheless, the trend continues to grow, with many young Nigerians taking part in the business. But where and how do they learn the trade?

What is a “HK” in Yahoo?

In Nigeria, the Yahoo business is taught in a house commonly known as an “HK” (short for Hustler’s Kingdom). These Hks are owned by experienced Yahoo boys who are also known as “Chairman” or “Big Boy.” They take in learners who are usually between the ages of 18 and 30 and train them on how to carry out Yahoo business transactions. The training can last for as long as six months, depending on the agreement between the boss and the learner.

The Training Process at a HK

During the training, learners are made to go through different stages that include learning the strategies, called “formats,” to use in carrying out their fraudulent activities.

These formats are like a script that the Yahoo boys stick to in order to convince their clients that they are legitimate. Formats could include military format, relationship format, shipping format, profession format, company format, bank format, and many more.

The Negative Consequences of Yahoo Business and HKs

One of the most shocking aspects of the training is the maltreatment of learners by the bosses. The bosses are known to make learners do their personal chores, such as washing their cars, cleaning their houses, and even washing their girlfriends’ undies. This is to teach the learners the art of patience and to toughen them up for the hustle.

The learners are not paid for their services but are expected to keep the boss happy by performing their tasks diligently. Some HK owners and chairmen flog their students whenever they make mistakes. They don’t joke with even the least amount to earn from their customers (fondly referred to as “Mgbada”).

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What happens after yahoo training at the HK?

After the training, the learners are not issued any certificate or formal recognition. Instead, they are set free to continue their Yahoo business. The Yahoo boys then go on to use their newly acquired skills to defraud unsuspecting victims both within and outside the country. Some successful ones later become HK owners and accept students who are willing to learn Yahoo or Yahoo plus.

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Alternatives to Yahoo Business

It’s important to note that the Yahoo business is illegal and could lead to severe consequences if caught. Nevertheless, the trend continues to grow, and more Nigerian youths are taking part in it. It’s crucial to address the root cause of the trend, which is the high rate of unemployment among Nigerian youths. The government needs to create more job opportunities for its citizens, which could help to curb the prevalence of the Yahoo business.

12 better ways to make money with your laptop

  1. Content creation: You can make money by creating blog posts, articles, videos, or social media posts for companies.
  2. E-commerce: Starting an online store to sell goods is a great way to earn money.
  3. Online tutoring: You can offer your expertise in a particular subject to teach others online.
  4. Freelance writing: You can make money by writing articles for different websites and publications.
  5. Virtual assistant: You can assist busy professionals in managing their day-to-day tasks.
  6. Online survey: Companies pay people to take surveys to help with their market research.
  7. Online transcription: You can earn money by transcribing audio or video files.
  8. Social media management: You can manage social media accounts for companies and make money.
  9. Web design: You can offer your services to help build and design websites.
  10. Affiliate marketing: You can make money by promoting other people’s products and earning a commission.
  11. Online advertising: You can make money by placing ads on your website or social media.
  12. Translation services: If you’re fluent in a foreign language, you can offer translation services online.
  13. Publishing books on Amazon
  14. Graphic Designing

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Key Takeaway

In conclusion, the Yahoo business has become a popular means of making money among Nigerian youths. The business is taught in a house commonly known as an HK, where learners are trained by experienced Yahoo boys. Although the trade is illegal, the trend continues to grow due to the high rate of unemployment among Nigerian youths. It’s essential to address this root cause by creating more job opportunities and providing adequate support for entrepreneurs.