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spencer

Enlightened Mentor
Ask spencer
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902 Questions
Home» spencer»Answers
  • About
  1. Asked: September 6, 2023In: Money & Business

    Why would a successful person retire?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 3, 2024 at 3:38 pm

    A successful person might retire because of old age because we are sentient beings and we need sometime to recharge and spend some time with our family, you can retire, it's fine and delegate your work to other people. Not retiring can make you to catch some disease due to stress and old age, you'llRead more

    A successful person might retire because of old age because we are sentient beings and we need sometime to recharge and spend some time with our family, you can retire, it’s fine and delegate your work to other people.

    Not retiring can make you to catch some disease due to stress and old age, you’ll help other people by grooming them to take over from you.

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

    Writing or graphic designing, which pays more?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 3, 2024 at 3:25 pm

    It all depends on your skill level, it's like saying between musicians and writers who make the most money, it all depends on your skills, so your aim on any skill is to become the best so that your payment will be based on your skillset. If you're a good writer you will command big money and if youRead more

    It all depends on your skill level, it’s like saying between musicians and writers who make the most money, it all depends on your skills, so your aim on any skill is to become the best so that your payment will be based on your skillset.

    If you’re a good writer you will command big money and if you’re a badass graphic designer you will draw in big money and if you’re not good you won’t get anything.

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  3. Asked: August 31, 2023In: Money & Business

    Is it necessary to learn a trade before you start your own?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 3, 2024 at 3:12 pm

    It is not necessary to learn a trade before you can start a business, the truth is, a lot of business were started without any sort of apprenticeship, it might help to an extent but to be honest it's not really necessary, many people go through apprenticeship but at the end of the day end of the dayRead more

    It is not necessary to learn a trade before you can start a business, the truth is, a lot of business were started without any sort of apprenticeship, it might help to an extent but to be honest it’s not really necessary, many people go through apprenticeship but at the end of the day end of the day not succeeding.

    You can also just get started and learn on the job, if you’re shoot from the hip type of guy, overall it all depends on your personality.

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  4. Asked: May 1, 2024In: Money & Business

    What legal formalities should small business follow?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 3, 2024 at 11:55 am

    The legal formalities involved in small business should be to register the business first and make it a legal entity and then with time you scale it up and start paying up taxes. In most countries small businesses do not pay tax till after five years so you are covered, I think that's the only formaRead more

    The legal formalities involved in small business should be to register the business first and make it a legal entity and then with time you scale it up and start paying up taxes.

    In most countries small businesses do not pay tax till after five years so you are covered, I think that’s the only formalities you’ll have to cover and you’re good to go.

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  5. Asked: April 26, 2024In: Money & Business

    How to compete witrh ecommerce markets?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 3, 2024 at 11:29 am

    Competing in ecommerce markets depends on the quality of products you offer, and whether you can be the best in the market, so for example if you offer a quality product than your competitors, you can be the best in that market. There are other types of ways you can compete also like customer care,Read more

    Competing in ecommerce markets depends on the quality of products you offer, and whether you can be the best in the market, so for example if you offer a quality product than your competitors, you can be the best in that market.

    There are other types of ways you can compete also like customer care, and fast processing of orders, and refund policies, all of these things can be competed in.

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  6. Asked: September 16, 2023In: Money & Business

    Why you should stop a job that pays low

    spencer
    spencer Enlightened Mentor
    Added an answer on June 3, 2024 at 11:14 am

    The harder the job, the lower the pay, don't forget that, If mistakenly you find yourself in such jobs the best thing to do is to plan your exit, save money if you can and get out of it or add some certification and find a better job, these are different alternatives you can choose from. Next time,Read more

    The harder the job, the lower the pay, don’t forget that, If mistakenly you find yourself in such jobs the best thing to do is to plan your exit, save money if you can and get out of it or add some certification and find a better job, these are different alternatives you can choose from.

    Next time, make sure you do a due diligence before you accept a new job and ask the current employees on how the job is before commiting.

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  7. Asked: September 13, 2023In: Money & Business

    Should I sell at different prices for classes of customers?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 2, 2024 at 7:14 pm

    Yes, you should, I'm very much sure you're conversant with sales pages that has different price tables from basic to standard and professional it will help you as a business owner to make money since you cater for all class of clients. This is mostly true for service business, with products you canRead more

    Yes, you should, I’m very much sure you’re conversant with sales pages that has different price tables from basic to standard and professional it will help you as a business owner to make money since you cater for all class of clients.

    This is mostly true for service business, with products you can only have different versions, it’s a smart way of expanding your market reach and creating more value.

     

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  8. Asked: August 17, 2023In: Money & Business

    How can one cut expenses wdisnithout affecting quality of life?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 2, 2024 at 7:07 pm

    It's hard to cut expenses without affecting your quality of life, you'll just have to manage it till you achieve your goal, I deciding to cut off your expenses is to maybe save more and get certification or save more to start a business, in a nutshell, it means you're planning ahead which is a goodRead more

    It’s hard to cut expenses without affecting your quality of life, you’ll just have to manage it till you achieve your goal, I deciding to cut off your expenses is to maybe save more and get certification or save more to start a business, in a nutshell, it means you’re planning ahead which is a good thing.

    You can also build another income source for yourself while you’re at it so that you won’t feel the effect much.

     

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  9. Asked: May 12, 2024In: Money & Business

    Online Business for Passive Income

    spencer
    spencer Enlightened Mentor
    Added an answer on June 2, 2024 at 7:01 pm

    The best passive income online in my opinion is a subscription model where you charge people based on what they subscribe to, the more people you have the more money you'll make from your business. And all you have to do is build the software once and some periodical updates based on your users requRead more

    The best passive income online in my opinion is a subscription model where you charge people based on what they subscribe to, the more people you have the more money you’ll make from your business.

    And all you have to do is build the software once and some periodical updates based on your users requests and you’ll be on your way to passive income,

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  10. Asked: August 23, 2023In: Money & Business

    How to make money through apps and games?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 2, 2024 at 6:56 pm

    Yes, if you have a strong internet connection and a big fan of eSports you'll be able to get paid playing games online, how this works is companies will organize competition online and all you have to do is register and partake in it. If you come first you get rewarded and make money, crypto also haRead more

    Yes, if you have a strong internet connection and a big fan of eSports you’ll be able to get paid playing games online, how this works is companies will organize competition online and all you have to do is register and partake in it.

    If you come first you get rewarded and make money, crypto also has games you can play to earn several coins as rewards, search them up on Google.

     

     

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