It is really unfortunate that 419 is the first topic to come up when a
Nigerian developer surfaces... especially if this is discouraging
developers who are trying to do something productive instead of
scamming.

I'm not sure that the 419 reputation is even the biggest barrier to
selling a service like this to the West. For example, an app for
balance/budget tracking is unlikely to compete with complimentary
services provided by most banks and financial institutions which not
only offer similar services, but which automatically update based on
card usage and therefore do not require any data entry. For free,
without ads. Add the confidence problem that Brandon mentioned, and I
have to agree that it would be very tough to do and require a lot of
thought.

Based on the description, and not knowing about how everything works
in Lagos, I think this could become a great concept for developing and
emerging economies in places like urban Africa and India. In many
places (especially outside the biggest cities, but even in them) it
can be much harder to get information on product availability and
prices than it is in the West. You don't get Yellow Pages booklets
distributed everywhere, for example, and Yelp's coverage is pretty
bad ;) Also, most transactions are likely to be in cash rather than on
credit cards or checking accounts, so there is not much reason to
focus on downloading or scraping financial data. Many local businesses
are not going to have an easy way to reach buyers. So in many ways the
idea of using crowd-sourcing is very interesting and I would be
concerned with how to build a user base willing to send information
(given somewhat limited internet access and saturation of smartphones
with data service) as well as how the service will actually make
money. I think this means a lot of non-technical footwork and building
business relationships, even if you get a great technical product
which is widely accessible.

Best of luck!

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