Self-proclaimed Queen of Swagger and Former Big Brother Africa (BBA) housemate `Pokello Nare has revealed how she started her business empire from the boot of her car.
The ‘Shoeprenuer’ said she started Pokello Pink Bottoms with a modest capital base of only 3000 USD with which she procured thirty pairs of high-end shoes. Because the shoes were upscale, when they sold out, her profit margin was as high as 150 percent and from then it was rinse and repeat.
During a question and answer session on her Instagram page, a follower asked her, ” How did you start your business and how much was your capital. Do you mind mentoring?”
She replied, “I started with 3000 USD. I then bought my first 30 pairs of shoes and sold them from the boot of my car. Because they were high end, the profit margins made it possible to multiply what I had started with almost by a factor of 2.5”
She now has franchises in neighbouring African countries, ie, Tanzania, Namibia, Zambia and Botswana. In another interview with Star FM she revealed that during her time at Monash University she would tutor first-year students to finance her love for shoes and fashion.
Hate or love her, one thing you can’t take away from the Former Big Brother Africa (BBA) housemate is that she is a marketing genius who knows brand positioning be it personal or her products.
Real estate remains one of the most stable ways to build long-term wealth. Whether purchasing a home or investing in rental properties, understanding financing options and market trends is essential for success.
rnrnHigh-intent searches like “best mortgage rates” and “real estate investment opportunities” indicate buyers ready to act. Strategic planning can help maximize returns and minimize risk.
rnHomeowners who have built equity may be able to borrow against their home. Two common options are a home equity loan and a home equity line of credit, also called a HELOC.
rnrnA home equity loan gives you a lump sum of money with a fixed interest rate and fixed monthly payments. This can be useful for one-time expenses such as home renovations, medical bills, debt consolidation, or major repairs.
rnrnA HELOC works more like a credit card. You get access to a credit line and can borrow as needed during the draw period. HELOCs often have variable interest rates, which means your payment can change over time.
rnrnThe best choice depends on your needs. If you know exactly how much money you need and want predictable payments, a home equity loan may be better. If you want flexibility and do not need all the money at once, a HELOC may be a better fit.
rnrnBoth options use your home as collateral. This means if you cannot repay the loan, your home could be at risk. That is why you should borrow carefully.
rnrnHome equity financing may be used for home improvements, which can increase property value. However, using home equity for vacations, luxury purchases, or short-term spending can be risky.
rnrnBefore applying, compare interest rates, fees, repayment terms, minimum payments, and closing costs. Also ask whether the rate is fixed or variable.
rnrnYour credit score, income, debt, home value, and available equity will affect approval.
rnrnA home equity loan and HELOC can both be powerful financial tools, but they should be used responsibly. The right choice depends on whether you need stability, flexibility, or a combination of both.
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