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spencer

Enlightened Mentor
Ask spencer
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902 Questions
Home» spencer»Answers
  • About
  1. Asked: May 2, 2024In: Blogging, Websites & Online Skills

    How to balance authentic content and promotional content?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 7, 2024 at 10:49 am

    Balancing between authentic and promotional contents is very important else readers might get bored and eventually stop coming to your blog, what I found incredibly helpful is being truthful to your readers, tell them you're promoting so product or so service. Also, do not spam them continuosly, beRead more

    Balancing between authentic and promotional contents is very important else readers might get bored and eventually stop coming to your blog, what I found incredibly helpful is being truthful to your readers, tell them you’re promoting so product or so service.

    Also, do not spam them continuosly, be considerate and put yourself in their shoes, you wouldn’t like to be bombarded with ads all the time.

     

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  2. Asked: May 6, 2024In: Money & Business

    What are the challenges faced by online store owners

    spencer
    spencer Enlightened Mentor
    Added an answer on May 7, 2024 at 10:43 am

    Logistics is at the forefront of the problems faced by online stores, even when you manage to get sales from customers you still need to convey the goods to them, most customers nowadays prefer pay on delivery, you need a quality logistics to be able to handle that. The margins gets incredibly tinyRead more

    Logistics is at the forefront of the problems faced by online stores, even when you manage to get sales from customers you still need to convey the goods to them, most customers nowadays prefer pay on delivery, you need a quality logistics to be able to handle that.

    The margins gets incredibly tiny when you subtract the logistics prices, hence it’s always a tough racket for e-commerce business owners.

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  3. Asked: May 5, 2024In: Money & Business

    How can businesses stay ahead of industry trends

    spencer
    spencer Enlightened Mentor
    Added an answer on May 7, 2024 at 10:38 am

    Research. If a company is involved in active research about the future and what it entails, there's no doubt it will always stay ahead of the industry its in. If you look at most successful business, they are actively partaking in researches, hiring phD level researchers to create new products and sRead more

    Research.

    If a company is involved in active research about the future and what it entails, there’s no doubt it will always stay ahead of the industry its in.

    If you look at most successful business, they are actively partaking in researches, hiring phD level researchers to create new products and services for their customers.

    All of the valuable companies in the world are actively involved in researches and development.

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  4. Asked: August 24, 2023In: Money & Business

    Can we save money working as a sales boy/girl?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 7, 2024 at 10:27 am

    Yes, it's possible to save money working as a sales boy or girl, depending on the industry, if you work in a high end auto shop, where you get paid in commision landing a buyer might make you some decent money, which will be more than enough for you to save. Most of the money you'll make as a salesRead more

    Yes, it’s possible to save money working as a sales boy or girl, depending on the industry, if you work in a high end auto shop, where you get paid in commision landing a buyer might make you some decent money, which will be more than enough for you to save.

    Most of the money you’ll make as a sales person will come through commissions which is way easier to save than saving a percentage out of your paycheck.

     

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  5. Asked: May 6, 2024In: Money & Business

    How to choose platforms for online store?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 7, 2024 at 10:22 am

    Choosing a platform for your online store depends on reliability and also your own experience with the technology involved, if you're not tech savvy it's advisable to go platforms that are beginner friendly like Joomla, Shopify or Wooo commerce. And if you're tech savvy you can build them out from sRead more

    Choosing a platform for your online store depends on reliability and also your own experience with the technology involved, if you’re not tech savvy it’s advisable to go platforms that are beginner friendly like Joomla, Shopify or Wooo commerce.

    And if you’re tech savvy you can build them out from scratch using modern technologies where you get to manage everything.

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  6. Asked: May 7, 2024In: Money & Business

    Is it easy to balance work-life with remote jobs?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 7, 2024 at 10:15 am

    Yeah it's easy to balance your work life and your personal life as a remote worker, you have to divide your time into halves, the first half should be your work, you focus on it and nothing else matters and when you're done with work you're pretty much free to do anything you want. The biggest problRead more

    Yeah it’s easy to balance your work life and your personal life as a remote worker, you have to divide your time into halves, the first half should be your work, you focus on it and nothing else matters and when you’re done with work you’re pretty much free to do anything you want.

    The biggest problem most people face is combining both work and life time together, it gets muddled up real quick and makes you unproductive.

     

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  7. Asked: April 17, 2024In: Money & Business

    What is responsible borrowing?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:34 am

    Responsible borrowing is about borrowing an amount you know you can pay back comfortably within the stipulated time, there is no gimmick or any intention to scam or cheat the lender. It is also part of responsible borrowing to borrow only on emergency grounds, do not borrow to improve your lifestyleRead more

    Responsible borrowing is about borrowing an amount you know you can pay back comfortably within the stipulated time, there is no gimmick or any intention to scam or cheat the lender.

    It is also part of responsible borrowing to borrow only on emergency grounds, do not borrow to improve your lifestyle or buy frivolities, by adhering to these rules you’ll be able to stay away from loan defaults completely.

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  8. Asked: April 17, 2024In: Money & Business

    How to negotiate favorable loan terms

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:29 am

    Negotiating favorable loan terms is one of the sensible things to do, as a loan defaulter, you can restrategize if you are not forthcoming with the payments, the lenders are mostly friendly to those requests and are often granted. The goal of negotiating is to offer more time to the defaulter to setRead more

    Negotiating favorable loan terms is one of the sensible things to do, as a loan defaulter, you can restrategize if you are not forthcoming with the payments, the lenders are mostly friendly to those requests and are often granted.

    The goal of negotiating is to offer more time to the defaulter to settle loans and it may attract more interest on the initial loan disbursed.

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  9. Asked: April 17, 2024In: Money & Business

    How wise is it to take another loan to cover the first loan?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:23 am

    In trading it's called martingale strategy, be careful with such things, especially if you're not sure of paying back, only take loans when it's super important or emergency, most people take loans to finance their lifestyles and at the end of the day they find it hard to pay back or employ counterRead more

    In trading it’s called martingale strategy, be careful with such things, especially if you’re not sure of paying back, only take loans when it’s super important or emergency, most people take loans to finance their lifestyles and at the end of the day they find it hard to pay back or employ counter productive measures of paying back like the one you listed above.

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  10. Asked: April 26, 2024In: Crypto & Forex

    Is forex trading a reliable means of earning income

    spencer
    spencer Enlightened Mentor
    Added an answer on May 2, 2024 at 5:18 am

    Yes, depending on your expertise, if you are a profitable trader you'll be able to make a lot of money consistent but as a beginner, it's a little bit hairy, most people lose money, it takes a certain expertise to be able to make money in the market consistently. Reliable income is possible but depeRead more

    Yes, depending on your expertise, if you are a profitable trader you’ll be able to make a lot of money consistent but as a beginner, it’s a little bit hairy, most people lose money, it takes a certain expertise to be able to make money in the market consistently.

    Reliable income is possible but depends heavily on your skillset in trading, it’s the single determinant in my opinion.

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