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spencer

Enlightened Mentor
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  1. Asked: August 11, 2023In: Money & Business

    Can we generate income selling data bundle online?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:36 am

    You can generate income selling data bundle online, here are some steps: 1) Create a website: do it pro from the get go, create a professional website that displays what you do, services you offer, cost of your services, it should be basic. 2) Buy a reseller plan: A reseller plan is what you'll sellRead more

    You can generate income selling data bundle online, here are some steps:

    1) Create a website: do it pro from the get go, create a professional website that displays what you do, services you offer, cost of your services, it should be basic.

    2) Buy a reseller plan: A reseller plan is what you’ll sell to end user and make money off the profits, there are different reseller plans out there.

    3) Marketing: After building, it’s time to show people what you’ve built, tell friends, put it on your social media and get more eyeballs on it.

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

    How can I differentiate my business from competitors in a crowded market?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:30 am

    In a fast-evolving market it's hard to stand out from competitors due to availability of tools and products in the public. But nonetheless you can stand out from competitors by innovating in your marketplace ande creating competitive products or offering services novel in the marketplace. Invest timRead more

    In a fast-evolving market it’s hard to stand out from competitors due to availability of tools and products in the public.

    But nonetheless you can stand out from competitors by innovating in your marketplace ande creating competitive products or offering services novel in the marketplace.

    Invest time to study your competitors and device ways you can come up with something different, most companies have small teams that work on new ideas to steer off competition

     

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

    How can I adapt my business to changing consumer preferences and trends?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:26 am

    To adapt your business to changing preferences of consumers demands you to be open minded, do not be fixated on an idea when it's clearly not working. Test your ideas before rolling out new features or products, big companies do this all the time, there's always Beta in the pipeline, by testing newRead more

    To adapt your business to changing preferences of consumers demands you to be open minded, do not be fixated on an idea when it’s clearly not working.

    Test your ideas before rolling out new features or products, big companies do this all the time, there’s always Beta in the pipeline, by testing new hypothesis, you’ll be able to know what works and vice versa.

    You also should devise a way to do it faster.

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

    The role of networking in business growth, and how can I effectively network?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:22 am

    Networking plays a vital role in business growth, strategic networking is to growth what steroids is to body building, explosive, how do you network? 1- Put yourself out there: You have to be outgoing, attend events and meet with other business leaders, exchange ideas and contact, be open and approaRead more

    Networking plays a vital role in business growth, strategic networking is to growth what steroids is to body building, explosive, how do you network?

    1- Put yourself out there: You have to be outgoing, attend events and meet with other business leaders, exchange ideas and contact, be open and approachable.

    2- Offer value: You can be creative here, create an online training, give out your products or services at a discounted price, hold competitions on social media.

     

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

    What step should I take to create a solid business plan?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:16 am

    Creating a successful business is a marathon and relatively objective, it depends on your goals and vision, some general tips however are: - Be A Good Leader: To lead a company to success you have to be a good leader towards your employees, treat them well and offer good incentives, you'll motivateRead more

    Creating a successful business is a marathon and relatively objective, it depends on your goals and vision, some general tips however are:

    – Be A Good Leader: To lead a company to success you have to be a good leader towards your employees, treat them well and offer good incentives, you’ll motivate them and also attract only the best people to work for you.

    – Innovate: To stand out from the crowd you have to create something new or impressive, this will help catapult your business to new heights where you get to enjoy success.

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

    What's the importance of scalability in business, and how can I plan for it?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:12 am

    Scaling a business is beneficial for a business owner for the following simple reasons: - It increases profit margin and make the business more robust, your income might multiply and enjoy a steady growth curve. - It forces you to grow as an entrepreneur, scaling a business comes with its own challeRead more

    Scaling a business is beneficial for a business owner for the following simple reasons:

    – It increases profit margin and make the business more robust, your income might multiply and enjoy a steady growth curve.

    – It forces you to grow as an entrepreneur, scaling a business comes with its own challenges that will test our limits and unlock potential in us that we never thought existed within us.

    – It makes your business hard to compete, when you scale your business, scaling might mean open more branches, create more products or hire more resourceful employees, your business becomes more antifragile and hard to dominate.

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

    Is it possible to earn money through online reselling?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:04 am

    Yes, it is possible to buy resell products online and make profits by following this process: 1 Source Products from Wholesalers: There are a lot of wholesalers websites online some popular ones are 1688.com, Taobao.com and Alibaba.com 2 Resell on Retail Stores: After sourcing for products, you canRead more

    Yes, it is possible to buy resell products online and make profits by following this process:

    1 Source Products from Wholesalers: There are a lot of wholesalers websites online some popular ones are 1688.com, Taobao.com and Alibaba.com

    2 Resell on Retail Stores: After sourcing for products, you can resell on retail source for a mark up price which will be your profits.

    For example if you bought a shirt from a wholesaler for $10 you can resell for $15, pocketing the 5$ as your profits.

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

    Can we make money online developing softwares?

    spencer
    spencer Enlightened Mentor
    Added an answer on August 11, 2023 at 10:00 am

    Yes, it is possible to make money online developing software, if you look at most of the rich people today got rich by developing softwares, but to develop software you have to do the following 1: Learn How To Code: There are countless resources out there that'll help you learn, you can check out FrRead more

    Yes, it is possible to make money online developing software, if you look at most of the rich people today got rich by developing softwares, but to develop software you have to do the following

    1: Learn How To Code: There are countless resources out there that’ll help you learn, you can check out FreeCodeCamp, SoloLearn, YouTube Channels such as Brad Traversy, Code Ninja and Web Dev Simplified.

    2: Have An Idea: An idea is needed, it can be simple or complex depending on the problem you are willing to solve.

    By nailing these two down, you’ll have a chance of making money online writing software.

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

    Major factor that's making some not to save money

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 8:08 pm

    Reason why some can't seem to save money are many, it might be because they don't earn enough which means the little to make is spent buying food and paying bills hence there isn't enough to spare for saving. Another reason might be impulsive spending, some can't just seem to keep money they keep onRead more

    Reason why some can’t seem to save money are many, it might be because they don’t earn enough which means the little to make is spent buying food and paying bills hence there isn’t enough to spare for saving.

    Another reason might be impulsive spending, some can’t just seem to keep money they keep on buying stuffs they don’t need just because they have money, these type of people end up getting broke before the next paycheck and will not be able to save anything.

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

    How to be successful in bread business

    spencer
    spencer Enlightened Mentor
    Added an answer on August 10, 2023 at 8:04 pm

    To be successful in bread business you have to conduct a feasibility study and invest in a mentorship that'll help you understand the business well, there are a lot of bakery schools out there. To be successful in business you have to innovate, look at your local market and see if there's anything yRead more

    To be successful in bread business you have to conduct a feasibility study and invest in a mentorship that’ll help you understand the business well, there are a lot of bakery schools out there.

    To be successful in business you have to innovate, look at your local market and see if there’s anything you can improve on, it might be packaging, it might be overall hygiene of the bread, relative Positive skews add up quickly in business.

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