There are various ways of making money, but they are broadly categorized under two main groups; selling and services.
SELLING: This is probably the most common way to make money everywhere. It’s simple, direct and basic; buy or create a product, then sell at a price that allows for maximum profit.
Yes! It’s that simple…
And I bet you know that already… So why waste your time reading this, right?
But just before you scroll paste this, let me remind you about why you’re here right now; why you’re Google searching “how can I make money”; it’s mainly because you know all these things; but yet you’re not making money.
You know the principle of buying and selling but you’ve not been able to wrap your head around how you can actually make money.
You probably don’t have any idea about what to sell….
You probably don’t have the right capital…
You are probably not sure if your idea will be a hit or miss…
Enough of the assumption already; let me take you a step deeper, and I will show you how to make money from selling.
I will give you a basic insight to answer your questions, and you can as well, make use of the comment box to ask more specific question.
Now…
Selling to make money isn’t as easy as it may sound… It actually involves many processes.
From thinking of the right product to sell, studying the market, raising capital for the business, starting the business and marketing your venture…
… Yes! Those stages are pretty much important no matter how big or small you think your business would be.
Let’s start from thinking about the product to sell…
The answer to this is very simple! Solve a Problem! Answer a question; in all provide solution.
Look around you and come up with a list of problems you face on daily basis… Things that affects you personally.
Think about the things you wish it’s not a problem for you.
Maybe you walk five blocks everyday just to get ordinary kitchen item; then you’ve got yourself a business idea; start a shop within your vicinity.
Maybe you as a student don’t have enough money to buy a pack of indomie every month; you’ve got yourself another business idea; get two or more student, get a loan, buy in box and sell to them at your profit.
The idea is endless…. You just have to look around you and provide a solution.
Remember; it must be something that would be so amazing that people would not think twice before bringing out their wallet or ATM card.
Few weeks ago, I read an article written bu Austin Kleon titled “How to steal like an artist ”, one of the lessons I learnt from the book is that; there are no original ideas.
Of the truth, there is nothing new under the sun. Every new concept is a recycled version or the already existing concept.
Which means, to really come up with business ideas for products that would sell well; all you have to do is look at what people are already buying, take a sample of two or three products that are selling very well, then find their flaws… Make a compilation of these flaws and find a way to join them together and make a product that eradicates these flaws…
…that’s it! You just got yourself another selling product…
That’s about the basis of how you can make money selling a product.
Now… Before I move on, I would like to clear some misconception about my use of the term “product”.
Product in this regards does not only refer to physical goods; like biscuit, book, pen, raw food etc… It also applies to info-products like books, videos, etc..
The idea is to be wild in your imagination… Be wild as much as possible and you would get there in no time.
SERVICE: This is probably the easiest and fastest ways to make money; both online and offline.
As a matter of fact; you can launch a service today and make you first profit that same day (Which is very rare when it comes to selling a product).
Service rendering is pretty much hot cake right now; because people are hiring other to do their job, getting freelancers to complete task they can’t complete.
In fact; I once read of a guy that hired somebody from craiglist to give him a slap whenever he logs on to facebook… Ridiculous huh? You’d be amazed at what people would pay you to render a service for them.
Some ideas of services you can render includes;
Car Washing (You can do this on a large scale)
Mowing people’s lawn or cutting grasses around their house
Offering a consulting service
Writing as a freelancers
Designing as a freelancers etc…
The list is almost inexhaustible… All you need to do is acquire the right skills. And before you know it; the right job will come knocking at your door.
If you expected this article to list out specific ideas on how you can make money; am sorry to have disappointed you, because that has never been my aim when writing this post.
I am of the opinion that telling you what to do by giving you precise business ideas to execute would not only hinder the probability of executing it; but also make it very difficult for you to forge ahead; even when the going gets tough.
But when they idea is originally yours; when you take enough time to brainstorm over certain things; when you hit the gold mine idea and you see the potentials yourself; then it becomes a do or die affairs for you… Because the zeal for the success of the business will come from within you; not from any external forces or pressure as the case may be.
Now is the time to stop asking yourself; how can I make money and start asking yourself; what will people buy or pay for at any point in time.
When you answer that question and it solves a particular problem… Then you can scream “Eureka” because you’ve just struck a fortune.
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