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Get expert advice on small business ideas, saving money, making money, investing, loans, credit repair, insurance, and everything personal finance. Whether you’re broke, there’s something here to help you grow financially.

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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Emmyty
EmmytyTrusted Adviser
Asked: May 5, 2024In: Money & Business

What are the key factors to consider when developing a business

This question focuses on the importance of strategic planning in business management, including aspects such as setting goals, allocating resources, and maintaining a competitive edge in the market.  

This question focuses on the importance of strategic planning in business management, including aspects such as setting goals, allocating resources, and maintaining a competitive edge in the market.

 

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businessgrowthmoney
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  1. Mika
    Mika Expert Mind
    Added an answer on May 10, 2024 at 5:37 am

    There are three things required to run a profitable business, one, idea, two resources (money, team, skills, etc.) to convert your idea into reality, and three, marketing strategy. If you lack even one of these, you will not be able to create and run a business. A successful business is a result ofRead more

    There are three things required to run a profitable business, one, idea, two resources (money, team, skills, etc.) to convert your idea into reality, and three, marketing strategy. If you lack even one of these, you will not be able to create and run a business. A successful business is a result of a great product and a great marketing strategy, if you lack in these areas, you are not able to create a profitable business. Also, it takes a long time for a business to become successful

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Eminado
Poll
EminadoActive Contributor
Asked: August 16, 2023In: Money & Business

Online survey or affiliate marketing

people make money in survey through sharing opinion about a particular thing, it can be in market research and other various purpose. People get paid for each sale or link you successfully made or shared, affiliate marketing is also done through ...Read more

people make money in survey through sharing opinion about a particular thing, it can be in market research and other various purpose.

People get paid for each sale or link you successfully made or shared, affiliate marketing is also done through promoting companies product in your social media account.

 

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affiliate marketingsurvey
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  1. Precious
    Precious Knowledge Seeker KIDI CARE
    Added an answer on September 12, 2023 at 2:21 am

    If I'm to choose between the two sources of online income, I'll hold my breath and breath out then I choose affiliate marketing because it is simple and lucrative. With the ideas of promoting company or business through sharing my unique link to my audience, I can easily run affiliate marketing andRead more

    If I’m to choose between the two sources of online income, I’ll hold my breath and breath out then I choose affiliate marketing because it is simple and lucrative.

    With the ideas of promoting company or business through sharing my unique link to my audience, I can easily run affiliate marketing and make money from it than online survey.

    I’m not friendly with this online survey of a thing, I’ll choose affiliate marketing instead of online survey.

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Suba
SubaKnowledge Seeker
Asked: September 25, 2023In: Money & Business

Agent vs Distributor: What's the Difference?

In the business world, distributor and agent are two terms that we often encounter, although both are types of intermediary services in the supply chain and they also sell products to customers, these two terms have different functions and meanings. ...Read more

In the business world, distributor and agent are two terms that we often encounter, although both are types of intermediary services in the supply chain and they also sell products to customers, these two terms have different functions and meanings. So what is the difference between an agent and a distributor?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on January 6, 2026 at 5:01 am

    I’d say the main difference between an agent and a distributor is in ownership and responsibility. An agent acts as a middleman who connects buyers and sellers and earns a commission on sales, but they don’t usually own the products. A distributor, on the other hand, buys products from the manufactuRead more

    I’d say the main difference between an agent and a distributor is in ownership and responsibility. An agent acts as a middleman who connects buyers and sellers and earns a commission on sales, but they don’t usually own the products. A distributor, on the other hand, buys products from the manufacturer and then resells them to customers, taking on inventory risk and often handling marketing and logistics. Essentially, agents facilitate sales, while distributors take control of the product and the sales process.

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De Mogul
De MogulExpert Mind
Asked: August 11, 2025In: Money & Business

When did you make your first one million naira

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 11, 2025 at 9:28 pm

    I haven't really made my first million for now but I am actively working towards that and I believe that it is something that will happen very soon Making a million is not really hard and it requires a careful and detailed lay down of plans that you will work towards making sure that you are able toRead more

    I haven’t really made my first million for now but I am actively working towards that and I believe that it is something that will happen very soon

    Making a million is not really hard and it requires a careful and detailed lay down of plans that you will work towards making sure that you are able to work actively towards it

    Then you must also see that you have things in place that will help you to source for money because you cannot make a million just by your meager salary

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Precious
PreciousKnowledge Seeker
Asked: September 16, 2023In: Money & Business

Can I make at least 2k daily in iron condemned business?

If I consider to venture into iron condemned business to earn for a living, is it possible for me to make at least 2k daily in this business? What’s your idea guys?.

If I consider to venture into iron condemned business to earn for a living, is it possible for me to make at least 2k daily in this business?

What’s your idea guys?.

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businessiron condemnedmaking money
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  1. yusra
    yusra Trusted Adviser
    Added an answer on September 17, 2023 at 10:42 am

    Making $2,000 or more in daily consistent profit from an iron condemned business is unlikely for most entrepreneurs or small operations. Here are a few considerations on the challenges: - Iron condemnation typically involves salvaging metal components from condemned properties and reselling to scrapRead more

    Making $2,000 or more in daily consistent profit from an iron condemned business is unlikely for most entrepreneurs or small operations. Here are a few considerations on the challenges:

    – Iron condemnation typically involves salvaging metal components from condemned properties and reselling to scrap yards. It’s labor intensive with low profit margins per job.

    – To earn $2k daily, you’d need to complete multiple large demolition and salvage jobs each day that generate several hundred dollars in net profit per property. This may not be feasible for a small team.

    – Accessing enough condemned properties continuously to generate that level of daily revenue could be very difficult unless you get contracts with municipalities. Supply would be inconsistent.

    – You’d need to already have relationships with scrap yards willing to buy substantial amounts of salvaged metals daily from you in order to earn at scale.

    – Covering the costs of equipment, transportation, storage, permits and labor would further cut into profits especially when getting started.

    – Weather or other delays that halt projects easily derail the ability to earn $2k consistently each day. Income would fluctuate greatly.

    While it’s possible for an established large company to hit $2k daily profits in this business, it’s an extremely ambitious target for most small entrepreneurs entering this highly competitive, low-margin industry. More reasonable profit goals coupled with patience and gradual scaling may be a better approach.

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Slaky12
Slaky12Knowledge Seeker
Asked: August 15, 2023In: Money & Business

How to make good business online with your phone?

Creating a successful business online involves several key steps: just like, marketing research and business plan Remember, patience and persistence are crucial. It takes time to build a successful online business, so stay committed to your vision and continuously improve ...Read more

  • Creating a successful business online involves several key steps: just like, marketing research and business plan
    Remember, patience and persistence are crucial. It takes time to build a successful online business, so stay committed to your vision and continuously improve based on feedback and results.
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  1. yusra
    yusra Trusted Adviser
    Added an answer on August 15, 2023 at 2:46 am

    Here are some tips for starting an online business using just your phone: Identify a service you can provide virtually like consulting, tutoring, writing, design etc. Leverage your expertise. Create content for a YouTube channel through your phone camera and editing apps. Monetize with ads. Buy inveRead more

    Here are some tips for starting an online business using just your phone:

    • Identify a service you can provide virtually like consulting, tutoring, writing, design etc. Leverage your expertise.
    • Create content for a YouTube channel through your phone camera and editing apps. Monetize with ads.
    • Buy inventory and set up an ecommerce store using sites like Shopify, Etsy, Facebook Marketplace. Use phone for order processing.
    • Promote affiliate offers related to your interests on social media. Drive traffic to affiliate links.
    • Build a dropshipping business selling trending products. Use Oberlo or AliExpress apps to manage orders.
    • Develop a basic app MVP with solutions like Appy Pie or Thunkable. Get user feedback before expanding features.
    • Teach live classes online on topics you know well using mobile apps like Skype and Zoom.
    • Sell digital products like eBooks, courses, graphics, templates created on your phone. Upload them to your online store.
    • Consult clients virtually via messaging and video apps. Handle billing through PayPal or Venmo.
    • Invest with mobile trading apps. Start small to learn ropes before adding more capital.

    By leveraging a wide range of mobile-friendly services and tools, you can launch and run diverse online businesses entirely from your smartphone.

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Genevie
GenevieActive Contributor
Asked: September 27, 2023In: Money & Business

What legit platforms are available to learn forex trading?

There are many forex trading platforms that are not genuine, only luring innocent people into their site to create traffic.  What are the legit platforms where one could learn forex?

There are many forex trading platforms that are not genuine, only luring innocent people into their site to create traffic.  What are the legit platforms where one could learn forex?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 21, 2024 at 3:48 pm

    The best platform to get started in learning how to trade forex is Babypips.com they have all what you need on their platforms, the course is free and it's called school of pipsology, if you go through that course you'll be able to become a decent trader. Couple with trading the demo market, you'llRead more

    The best platform to get started in learning how to trade forex is Babypips.com they have all what you need on their platforms, the course is free and it’s called school of pipsology, if you go through that course you’ll be able to become a decent trader.

    Couple with trading the demo market, you’ll be excellent in no time, the question is will you do it, stick with it to the end?

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Light
LightTrusted Adviser
Asked: August 27, 2023In: Money & Business

How Effective is Using Social Media to Promote Your Brand?

Using social media to promote your brand may be very effective. It offers a platform to communicate with a large audience, develop brand exposure, and interact with potential customers. Adapt your material to your intended audience, use eye-catching images in your ...Read more

Using social media to promote your brand may be very effective. It offers a platform to communicate with a large audience, develop brand exposure, and interact with potential customers.

Adapt your material to your intended audience, use eye-catching images in your postings, and engage your audience directly. However, a well-balanced strategy is crucial; emphasize relationship development rather than pushy selling. Analyze the success of your social media plan frequently, and make adjustments depending on engagement and revenue indicators.

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businessmoney
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  1. yusra
    yusra Trusted Adviser
    Added an answer on August 28, 2023 at 2:40 am

    Using social media can be a very effective way to promote a brand, but the effectiveness depends on several factors: Having a clear social media strategy - Who is your target audience? What platforms work best to reach them? What type of content resonates with them? Align your goals and messaging. CRead more

    Using social media can be a very effective way to promote a brand, but the effectiveness depends on several factors:

    • Having a clear social media strategy – Who is your target audience? What platforms work best to reach them? What type of content resonates with them? Align your goals and messaging.
    • Creating high quality, valuable content – Post content that provides value to followers, not just promotional material. Use visuals. Tailor content to each platform.
    • Engaging with followers – Don’t just broadcast messages. Interact and build relationships with your audience. Respond promptly to comments and messages.
    • Posting at optimal times – Determine when your followers are most active on each platform and post accordingly. Track engagement metrics to find peak times.
    • Leveraging influencer marketing – Partnering with influencers who appeal to your target audience can expand your reach. Ensure it’s the right influencer-brand fit.
    • Running promotions and contests – Giveaways, user-generated content campaigns, polls and other interactive content can boost engagement.
    • Measuring performance – Use social media analytics to track reach, engagement, sales influenced by social, and adjust your strategy accordingly.

    Overall, brands seeing the most success promote consistently, provide value, engage audiences, leverage influencers, and analyze performance. Integrating social media with other marketing has become essential for brands today. A thoughtful, strategic approach makes social media very effective.

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Svishok
SvishokExpert Mind
Asked: September 7, 2023In: Money & Business

What's the latest tech for financial efficiency in 2023?

This question pertains to the rapidly evolving technology landscape and its impact on financial management. It aims to uncover the cutting-edge tools, software, and digital solutions that can enhance efficiency in financial processes, such as automated accounting, AI-driven forecasting, and ...Read more

This question pertains to the rapidly evolving technology landscape and its impact on financial management. It aims to uncover the cutting-edge tools, software, and digital solutions that can enhance efficiency in financial processes, such as automated accounting, AI-driven forecasting, and blockchain for secure transactions.

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businessmoney
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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 7, 2023 at 10:42 pm

    In 2023, the latest tech for financial efficiency may include blockchain-based systems for secure and transparent transactions, AI-powered virtual assistants for personalized financial advice and automated tasks, advanced data analytics and machine learning algorithms for fraud detection and risk asRead more

    In 2023, the latest tech for financial efficiency may include blockchain-based systems for secure and transparent transactions, AI-powered virtual assistants for personalized financial advice and automated tasks, advanced data analytics and machine learning algorithms for fraud detection and risk assessment, and decentralized finance (DeFi) platforms enabling peer-to-peer lending and investing opportunities. Additionally, advancements in mobile banking, digital wallets, and contactless payments may further streamline financial transactions and enhance overall efficiency.

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Mika
MikaExpert Mind
Asked: May 11, 2024In: Money & Business

How to make money as a marketer?

It is frequently said that you can make money as a marketer, but the question is how do I get started as a marketer?

It is frequently said that you can make money as a marketer, but the question is how do I get started as a marketer?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on May 11, 2024 at 9:53 pm

    To get started as a marketer, first of all you'll have to learn the skill of marketing, there are a lot of videos online and great books about marketing online that you can learn from. Try also to get an internship at a marketing firm or even a volunteer role where you can showcase your skills and pRead more

    To get started as a marketer, first of all you’ll have to learn the skill of marketing, there are a lot of videos online and great books about marketing online that you can learn from.

    Try also to get an internship at a marketing firm or even a volunteer role where you can showcase your skills and possibly get paid learning, after that you can go out on your own and start applying what you’ve learnt.

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