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spencer

Enlightened Mentor
Ask spencer
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  1. Asked: August 10, 2023In: Money & Business

    How to make money by running online communities?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 9:28 pm

    You make money on online communities by running ads on your website and sharing the revenue with your users, there are also other ways of making money that ranges from Sponsored post Classified Ads Paid membership The goal for an online community owner is to generate enough revenue to share with theRead more

    You make money on online communities by running ads on your website and sharing the revenue with your users, there are also other ways of making money that ranges from

    Sponsored post

    Classified Ads

    Paid membership

    The goal for an online community owner is to generate enough revenue to share with the members and also have a profit at the end of the month, running an online community is hard, you have to get users to create contents and monetize the content, it might take sometime before you.start making returns on your investment.

     

     

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

    How can I create a sustainable and socially responsible business?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 9:24 pm

    Creating a sustainable business is hard, if you follow the stats closely, 80% percent of startups fail in their first year, you have to build a strong foundation for the business by: Hiring competent employees: These are the back bone of your business, they'll push your company to grow, you have toRead more

    Creating a sustainable business is hard, if you follow the stats closely, 80% percent of startups fail in their first year, you have to build a strong foundation for the business by:

    Hiring competent employees: These are the back bone of your business, they’ll push your company to grow, you have to choose them wisely.

    Adequate Funding: No matter how you want to create a sustainable business it’s only possible if you have enough funds to run the company else you are definitely going to close up, you an source for funds through Savings, Venture Capital, Friends and Family.

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

    Are you ready to work 24/7 to increase profits?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 9:19 pm

    It's really relative and depends largely on business owners priority, people get into business for different reasons. - For stability: to get more stable and augment with their income, these set of people are okay with small margins. - As a Side hustle: These guys start business to see what they canRead more

    It’s really relative and depends largely on business owners priority, people get into business for different reasons.

    – For stability: to get more stable and augment with their income, these set of people are okay with small margins.

    – As a Side hustle: These guys start business to see what they can get out of it, they don’t bother about large or little profits as they have another source.

    – As a Main Source: This guys are the ones that are willing to do whatever it takes to get their business to the next level, I think they’re the type that are willing to invest all of their time in growing their business.

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

    VPS or Dedicated Servers, which is good hosting package for my Business?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 9:15 pm

    Dedicated servers are the best because it is more secure since you're the only one using it, more efficient for your customers so you can have millions of traffic and your website will still accommodate it, you will also have a static IP address, this is very important because often times hackers miRead more

    Dedicated servers are the best because it is more secure since you’re the only one using it, more efficient for your customers so you can have millions of traffic and your website will still accommodate it, you will also have a static IP address, this is very important because often times hackers might use that to have access to your website.

    Even though it’s expensive but totally worth it, it’s like the saying that goes, buy it cheap and buy it once, you’re better off in investing in a worthwhile product.

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  5. Asked: August 11, 2023In: Blogging, Websites & Online Skills

    Why People Don't Blog Like Before?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 9:09 pm

    The world has evolved, people don't fancy written word, they're more into videos and pictures but that does not mean there isn't of patronizers, because if you look at Twitter for example is sort of a blog, but it's one of the most visited website in the world. The best thing to do in this situationRead more

    The world has evolved, people don’t fancy written word, they’re more into videos and pictures but that does not mean there isn’t of patronizers, because if you look at Twitter for example is sort of a blog, but it’s one of the most visited website in the world.

    The best thing to do in this situation is to adapt, take your content to where people are and reach them, when blogging was raining, getting traffic isn’t hard but it’s quiet hard now to get that type of traffic.

    Open Social Media pages and start posting your content to gain more viewers and engagement.

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

    What kind of management style do you prefer?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 8:56 pm

    There are plenty of management styles out there, the most important thing is to adapt a good working culture in your company and also lead by example, this simple yet effective methods have stand the test of time in producing effective management in most companies. Employees should be compensated weRead more

    There are plenty of management styles out there, the most important thing is to adapt a good working culture in your company and also lead by example, this simple yet effective methods have stand the test of time in producing effective management in most companies.

    Employees should be compensated well, this will attract talent to the company and also make working more competitive due to incentive.

    A good management is what will sustain a company, is good to get it right from the get go.

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

    how would you go about launching the company and creating brand awareness?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 8:53 pm

    To launch a company you need the expertise and the skill to make it happen, it all starts from a plan, a business plan, you then use the plan to start hiring people to build with, after building you then start devising ways to reach your customers. This is the toughest part of the journey, it is harRead more

    To launch a company you need the expertise and the skill to make it happen, it all starts from a plan, a business plan, you then use the plan to start hiring people to build with, after building you then start devising ways to reach your customers.

    This is the toughest part of the journey, it is hard to get people to use your software and also takes time, if you’re able to crack this then you’ll be up to something eventually with your company.

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

    How can businesses ensure they find the right marketing on fiverr.com?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 8:49 pm

    You can hire the best Freelancers on Fiverr by accessing them through their reviews and former jobs, every freelancer has a review on his page, you can verify those and make sure they're legit before you hire them. In case of getting unsatisfied result you can actually appeal on Fiverr to either getRead more

    You can hire the best Freelancers on Fiverr by accessing them through their reviews and former jobs, every freelancer has a review on his page, you can verify those and make sure they’re legit before you hire them.

    In case of getting unsatisfied result you can actually appeal on Fiverr to either get a review of the work or get a full refund, it is actually easy on fiverr to know the experts and the wannabes.

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

    Loan scams alert: Watch for these red flags.

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 8:43 pm

    There are a lot of fake loans companies out there you've got to be vigilant, most especially those instant loans app, they'll copy your phone's data including your phone numbers and images, when you mistakenly default they'll be threatening you with defamation. Before you take any loan make sure youRead more

    There are a lot of fake loans companies out there you’ve got to be vigilant, most especially those instant loans app, they’ll copy your phone’s data including your phone numbers and images, when you mistakenly default they’ll be threatening you with defamation.

    Before you take any loan make sure you’ve confirmed the company is legit and they don’t go around harassing their customers, also when you take loans try and pay back on time to avoid any unforeseen circumstances.

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

    What you should know about loan

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 8:40 pm

    I don't actually see anything wrong with loan if you're taking it to grow your business and build more, most people take loans to buy liabilities or things that don't increase in value hence falling into a trap. Before taking a loan is ideal to go through the paperwork and know exactly what you're gRead more

    I don’t actually see anything wrong with loan if you’re taking it to grow your business and build more, most people take loans to buy liabilities or things that don’t increase in value hence falling into a trap.

    Before taking a loan is ideal to go through the paperwork and know exactly what you’re going into, pay your loans on time so that you’ll be able to boost your credit score and get more loan.

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