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spencer

Enlightened Mentor
Ask spencer
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902 Questions
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  1. Asked: August 11, 2023In: Money & Business

    Do we need tools to make money online?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:56 am

    Yes, as any job in the world, tools are very important, making money online is one of the few business out there that don't require much tools to get started. 1 Phone/PC: Depending on which one is available, this is your number one tool, without one of this you won't be able to do anything productivRead more

    Yes, as any job in the world, tools are very important, making money online is one of the few business out there that don’t require much tools to get started.

    1 Phone/PC: Depending on which one is available, this is your number one tool, without one of this you won’t be able to do anything productive.

    2 Internet Connection: This is your second tool, you need an fast internet at least a 3G will suffice.

    3 Power bank/Electricity: You need to be recharging your phone at intervals and also you need a power bank to be mobile when the need arises.

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

    Is it possible to stay indoors and make money?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:50 am

    Yes, I think indoors is the best place to make money, there's a lot of distraction offline outdoors and you won't be able to focus on the task at hand. I stay indoors all day, because I trade forex, I spend most of my day on the charts or programming, it suits me well, it makes me focused to work anRead more

    Yes, I think indoors is the best place to make money, there’s a lot of distraction offline outdoors and you won’t be able to focus on the task at hand.

    I stay indoors all day, because I trade forex, I spend most of my day on the charts or programming, it suits me well, it makes me focused to work and think objectively.

    When I’m outdoors I don’t even try to do anything, I focus on what I’m out for and get back home.

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

    Why is patience important in making money online?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:46 am

    Patience is important because you have to learn before you earn, it requires patience to learn a skill and also patience to land a client that'll pay you. I think not just making money, patience transcends in anything one set his mind to do, it takes time for most things to happen, it's good to haveRead more

    Patience is important because you have to learn before you earn, it requires patience to learn a skill and also patience to land a client that’ll pay you.

    I think not just making money, patience transcends in anything one set his mind to do, it takes time for most things to happen, it’s good to have patience, else you won’t be able to make any money because you’ll be jumping from one skill to another without mastering anyone.

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  4. Asked: August 11, 2023In: Money & Business

    Why is it hard for some students to have savings?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:31 am

    Most students don't have a source of income, they depend on their parents to send them upkeep, they also spend their money on school expenses like buying textbooks, study materials etc, which will leave next to nothing for savings. For a student to save they have to learn a skill or get a job whereRead more

    Most students don’t have a source of income, they depend on their parents to send them upkeep, they also spend their money on school expenses like buying textbooks, study materials etc, which will leave next to nothing for savings.

    For a student to save they have to learn a skill or get a job where they’ll make money and will be able to save from that income.

    Another way is to lower expenses or introduce budgeting in their spendings and then save the remaining.

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  5. Asked: August 12, 2023In: Blogging, Websites & Online Skills

    What should i do to make money as a blogger

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:27 am

    To make money as a blogger is pretty straight forward, you have to open a Blog. Go to Blogger.com or WordPress.com and open an account, register a domain name from GoDaddy and link it to your blog. Find a niche, this can be anything that interests you ranging from fashion, hairdressing or tech, starRead more

    To make money as a blogger is pretty straight forward, you have to open a Blog.

    Go to Blogger.com or WordPress.com and open an account, register a domain name from GoDaddy and link it to your blog.

    Find a niche, this can be anything that interests you ranging from fashion, hairdressing or tech, start writing articles about it and repost on your social media for engagement.

    You make money when you have enough people visiting your blog.

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  6. Asked: August 12, 2023In: Money & Business

    How can i start my firewood business successfully?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:23 am

    Businesses are built based on supply and demand, if there's a demand for firewoods in your area, the next line of action for you is to find a good location like In a marketplace or a business center and start selling. You might have to settle authority or register your business too. Find a wholesaleRead more

    Businesses are built based on supply and demand, if there’s a demand for firewoods in your area, the next line of action for you is to find a good location like In a marketplace or a business center and start selling.

    You might have to settle authority or register your business too.

    Find a wholesaler to buy from and put your margin, treat customers with courtesy and you’ll have a flourishing business.

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

    Can I collect a loan as a student

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:18 am

    You can get a loan as a student if you have satisfied the requirements to get one as a student, different countries have different rules when it comes to loan. In first tier countries especially they offer students loan by submitting their admission letters and they'll pay it back when they start woRead more

    You can get a loan as a student if you have satisfied the requirements to get one as a student, different countries have different rules when it comes to loan.

    In first tier countries especially they offer students loan by submitting their admission letters and they’ll pay it back when they start working.

    In other countries that doesn’t have such arrangements, you might have to use commercial bank which have stringent rules.

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  8. Asked: August 12, 2023In: Money & Business

    If i lose my job, can i make money using my smartphone?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 12, 2023 at 10:14 am

    You can make money when you lose your Job, if you have skills and there's a lot of ways you can make money with your smartphone even though it might not replace your job's income completely. 1: Microtasks: You can work on microtasks websites like Sproutgigs or Microtasks.com where you get to do simpRead more

    You can make money when you lose your Job, if you have skills and there’s a lot of ways you can make money with your smartphone even though it might not replace your job’s income completely.

    1: Microtasks: You can work on microtasks websites like Sproutgigs or Microtasks.com where you get to do simple tasks like SEO, login, liking a post etc.

    2: Freelancing: If you have a digital skill you can go ahead and sell it online through freelancing mediums like Upwork and Fiverr.

    3: Tutoring: You can create a course on Udemy or Coursera teaching people how to do a particular skill.

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  9. Asked: August 10, 2023In: Money & Business

    Selling products or selling services, which is a better business model?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:20 pm

    Selling services is way better, you can hire other people to do it for you which is known as outsourcing, you can also sell your scale your services easily by just opening up to new markets but with products you have to deal with shipping, storage, products damages and returns from buyers. It's alsoRead more

    Selling services is way better, you can hire other people to do it for you which is known as outsourcing, you can also sell your scale your services easily by just opening up to new markets but with products you have to deal with shipping, storage, products damages and returns from buyers.

    It’s also more expensive to run a product business, services on the hand are pretty mobile, they offer more freedom, you can travel anywhere and  offer your skill, which is quite different with products.

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  10. Asked: August 10, 2023In: Money & Business

    Fiverr or Upwork, which is a better freelancing platform?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:15 pm

    Upwork is a better freelancing platform, it allows more autonomy for freelancers, you get to choose who you want to work with and also your rate, while on Fiverr you are like a commodity and clients have more upper hand, they can request unlimited revisions and accounts gets banned for no reason. UpRead more

    Upwork is a better freelancing platform, it allows more autonomy for freelancers, you get to choose who you want to work with and also your rate, while on Fiverr you are like a commodity and clients have more upper hand, they can request unlimited revisions and accounts gets banned for no reason.

    Upwork also has more serious clients, there are high income gigs netting tens of thousands of dollars and you can even land a remote job as most clients are either companies or agencies.

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