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Mika

Expert Mind
Ask Mika
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776 Questions
Home» Mika»Answers
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  1. Asked: April 19, 2024In: Money & Business

    Does it make sense to invest small amounts in the stock market?

    Mika
    Mika Expert Mind
    Added an answer on April 23, 2024 at 5:07 am

    You do not have to invest thousands of dollars, you can start with $5-$10. Well, if you have thousands of dollars for investment, that's very good but if you do not have big money you can try to small amount. If you invest big, you will profit big and if you invest small your profits will be small,Read more

    You do not have to invest thousands of dollars, you can start with $5-$10. Well, if you have thousands of dollars for investment, that’s very good but if you do not have big money you can try to small amount. If you invest big, you will profit big and if you invest small your profits will be small, however, if you compound your profit and invest regularly, you can build big assets with small investment.

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  2. Asked: September 14, 2023In: Money & Business

    What kind of bus. seems patronizable in your country or region?

    Mika
    Mika Expert Mind
    Added an answer on April 23, 2024 at 5:02 am

    In our countries there are all sorts of businesses, from manufacturing, importation , service, etc. However, the country does not produce a lot of things therefore, it has to heavily depend on importation. Therefore, businesses involved with importation are making huge in the country. You can importRead more

    In our countries there are all sorts of businesses, from manufacturing, importation , service, etc. However, the country does not produce a lot of things therefore, it has to heavily depend on importation. Therefore, businesses involved with importation are making huge in the country. You can important all sorts of things from medicines to luxury cars

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  3. Asked: September 15, 2023In: Money & Business

    How can I make money on paid work platform?

    Mika
    Mika Expert Mind
    Added an answer on April 23, 2024 at 5:00 am

    What do you mean by paid work platform, is this a name of site or do you mean to ask about earning sites and how to make money on earning sites. In case this is a name of a site, I cannot tell anything about paid work platform as I have never heard of an earning site with this name. If you are askinRead more

    What do you mean by paid work platform, is this a name of site or do you mean to ask about earning sites and how to make money on earning sites. In case this is a name of a site, I cannot tell anything about paid work platform as I have never heard of an earning site with this name. If you are asking about money making sites, how to work depends on the kind of platform you are using.

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  4. Asked: September 2, 2023In: Money & Business

    How much money should I spend?

    Mika
    Mika Expert Mind
    Added an answer on April 23, 2024 at 4:57 am

    You should always keep your spending on necessary items under 50 percent. In other words, your expenses should be less than 50 percent of your total in come. If you are spending more than 50 percent of your income, your finances will not be in good health. The remaining 50 percent should be used toRead more

    You should always keep your spending on necessary items under 50 percent. In other words, your expenses should be less than 50 percent of your total in come. If you are spending more than 50 percent of your income, your finances will not be in good health. The remaining 50 percent should be used to buy properties, invest in the market, and save for future.

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  5. Asked: September 11, 2023In: Money & Business

    Are customers really important in a business?

    Mika
    Mika Expert Mind
    Added an answer on April 23, 2024 at 4:53 am

    Customers are the people who buy your products, if you do not have customers there will be no sales. More customer means better revenue. Therefore, customers are the most important aspect for a business. Business does not exist without customers, you don't make profits when you do not have customersRead more

    Customers are the people who buy your products, if you do not have customers there will be no sales. More customer means better revenue. Therefore, customers are the most important aspect for a business. Business does not exist without customers, you don’t make profits when you do not have customers. Therefore, you should know the techniques to bring more customers

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  6. Asked: September 8, 2023In: Money & Business

    what's the cost of starting a poultry farm in your location?

    Mika
    Mika Expert Mind
    Added an answer on April 23, 2024 at 4:51 am

    There are various things that determine the cost of poultry farming in my location. If you already have land, you do not have to spend money on rent, if you want to rent out someone's land you will have to pay rent. If you are raising 10k chicks, your investment will be much higher than raising 1k cRead more

    There are various things that determine the cost of poultry farming in my location. If you already have land, you do not have to spend money on rent, if you want to rent out someone’s land you will have to pay rent. If you are raising 10k chicks, your investment will be much higher than raising 1k chicks. If you are selling eggs, your investment will be higher than raising chickens for meat

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  7. Asked: September 12, 2023In: Money & Business

    What is the cost of setting up travels agency

    Mika
    Mika Expert Mind
    Added an answer on April 22, 2024 at 5:49 am

    The cost of establishing a travel agency depends on specific markets. The cost varies according to country or the market where you want to operate. In my home country, you need at least $20K to set up a travel company. This amount would be used not only for setting up your office (rent, furniture, sRead more

    The cost of establishing a travel agency depends on specific markets. The cost varies according to country or the market where you want to operate. In my home country, you need at least $20K to set up a travel company. This amount would be used not only for setting up your office (rent, furniture, staff salary, etc.) but also while registering your business.

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  8. Asked: September 14, 2023In: Money & Business

    What should you focus on, when buying a product for sale?

    Mika
    Mika Expert Mind
    Added an answer on April 22, 2024 at 5:47 am

    Manufacturing requires a lot of investment, however,acquiring products to sell can be done with comparatively smaller funds. When you are buying products to sell you will have to see the demand and supply. You need to see how many people are buying he products and how many businesses are selling theRead more

    Manufacturing requires a lot of investment, however,acquiring products to sell can be done with comparatively smaller funds. When you are buying products to sell you will have to see the demand and supply. You need to see how many people are buying he products and how many businesses are selling the products. You will also have to do competitor analysis and see how they are doing it.

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  9. Asked: August 9, 2023In: Money & Business

    Is clicking ads to make money online a reliable way to make money online?

    Mika
    Mika Expert Mind
    Added an answer on April 22, 2024 at 5:44 am

    Paid to click sites are very popular among the beginners. You can of course earn by clicking and viewing ads but it is not a realiable income source, you cannot also make a lot of money. IN fact your income will be just a couple of dollars per month. You might not even make $50 even when you click aRead more

    Paid to click sites are very popular among the beginners. You can of course earn by clicking and viewing ads but it is not a realiable income source, you cannot also make a lot of money. IN fact your income will be just a couple of dollars per month. You might not even make $50 even when you click ads on over a dozen websites every day and spend hours clicking ads

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  10. Asked: September 5, 2023In: Money & Business

    What are some common mistakes to avoid when investing money?

    Mika
    Mika Expert Mind
    Added an answer on April 22, 2024 at 5:42 am

    One of the common mistakes a lot of people are making is they invest everything they have. If you are doing this, you are under the risk of losing your entire money as there is no guarantee that our investment will turn profitable. Another mistake is they are not diversifying. If you put your all fuRead more

    One of the common mistakes a lot of people are making is they invest everything they have. If you are doing this, you are under the risk of losing your entire money as there is no guarantee that our investment will turn profitable. Another mistake is they are not diversifying. If you put your all funds on a single investment scheme, you are under the risk of losing money

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