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eldavis
eldavisEnlightened Mentor
Asked: September 19, 2023In:

I noticed some entrepreneur usually fix price on their products on the high side, according to them, anyone who is not able to afford it is not their target audience and of cause based on the quality. Then there are ...Read more

I noticed some entrepreneur usually fix price on their products on the high side, according to them, anyone who is not able to afford it is not their target audience and of cause based on the quality. Then there are does who sell their products on a cheaper price. Their strategy is the more customers they have, they would be able to match the profit of does who sell at a higher pice. Between selling at a higher price and selling at a lower price to get more quantity Which strategy is better?

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businessentrepreneurmoney
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Choosing between quality and quantity depends on your brand's "DNA." If you choose Quality, you target high-margin, low-volume sales where customers pay a premium for status, durability, or specialized service. If you choose Quantity, you play the "volume game," focusing on low-margin, high-turnoverRead more

    Choosing between quality and quantity depends on your brand’s “DNA.” If you choose Quality, you target high-margin, low-volume sales where customers pay a premium for status, durability, or specialized service. If you choose Quantity, you play the “volume game,” focusing on low-margin, high-turnover sales where price is the main draw. In 2026, most sustainable businesses choose a “Quality Core” with “Quantity Add-ons.” High quality builds the reputation, while high-quantity, lower-cost items provide the daily cash flow.

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Eminado
EminadoActive Contributor
Asked: August 29, 2023In:

To start up a business, there will be a certain plan to consider before establishing your business. Sometimes people go to seek advice from somewhere to help plan a successful business. So guys, what are the possibilities ways to plan your business?.

To start up a business, there will be a certain plan to consider before establishing your business.

Sometimes people go to seek advice from somewhere to help plan a successful business.

So guys, what are the possibilities ways to plan your business?.

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businessmoneyplaning
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Planning your business in 2026 requires a "Lean" approach. Start with a One-Page Business Model Canvas to map your value proposition and revenue streams. Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to understand your market position. Use "Scenario Planning" to prepare forRead more

    Planning your business in 2026 requires a “Lean” approach. Start with a One-Page Business Model Canvas to map your value proposition and revenue streams. Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to understand your market position. Use “Scenario Planning” to prepare for sudden growth or economic shifts. Set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) for your first 90 days. Finally, build a “Minimum Viable Product” (MVP) to test your idea with real customers before investing heavy capital.

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Light
LightTrusted Adviser
Asked: July 25, 2024In:

How do you ensure your content remains relevant and not dumped after a short period of time? Aside from repurposing it, how else can you do that?

How do you ensure your content remains relevant and not dumped after a short period of time? Aside from repurposing it, how else can you do that?

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advertisingbusinessmarketing
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    To increase content lifespan, focus on "Evergreen Architecture." First, use Generative Engine Optimization (GEO) by structuring data so AI models cite you as a permanent source. Implement "Content Refreshing"—update old stats and links every six months to signal freshness to search engines. Build "TRead more

    To increase content lifespan, focus on “Evergreen Architecture.” First, use Generative Engine Optimization (GEO) by structuring data so AI models cite you as a permanent source. Implement “Content Refreshing”—update old stats and links every six months to signal freshness to search engines. Build “Topic Clusters” where multiple sub-posts link to one central pillar page, creating a self-sustaining ecosystem. Finally, include proprietary data or expert interviews; original research is harder to replicate and remains a reference point for years.

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Augusta
AugustaEnlightened Mentor
Asked: August 3, 2025In:

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businessmake money
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Thriving in rural areas requires a focus on "banking the unbanked." Since traditional banks and ATMs are scarce, you become the primary financial hub for your community. Success depends on maintaining constant liquidity (cash on hand) and building deep local trust. Strategic positioning near marketRead more

    Thriving in rural areas requires a focus on “banking the unbanked.” Since traditional banks and ATMs are scarce, you become the primary financial hub for your community. Success depends on maintaining constant liquidity (cash on hand) and building deep local trust. Strategic positioning near market squares or community junctions ensures high foot traffic, while offering a mix of services—like bill payments and airtime alongside cash-outs—increases your daily margins and keeps you relevant all week.

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Andorlings
AndorlingsNewcomer
Asked: August 19, 2023In:

The main aim of establishing a business is to make reasonable and comfortable amount of profit, however we cannot ignore the fact that majority of business owners established businesses these days that does not make them reasonable and comfortable amount ...Read more

The main aim of establishing a business is to make reasonable and comfortable amount of profit, however we cannot ignore the fact that majority of business owners established businesses these days that does not make them reasonable and comfortable amount of profit as the expected or planned. Achieving reasonable and comfortable amount of profit in a business organisation today is not an easy activity because an individual have to go into a whole lot of activities to achieve this. In a situation where you are a business owner and yet do not make reasonable amount of profit in your business even if you might have established the business for years, you can try the use of social media promotion or possibly the use of Media advertisement. What are your thoughts on this question guys?

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businessbusiness management
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    One thing everyone going into business needs to understand is that it's not always smooth sailing. There are periods where profits might come in with complete ease, and then there are times where sales might be extremely slow bringing in little to no profit. This is one of the reasons why having othRead more

    One thing everyone going into business needs to understand is that it’s not always smooth sailing. There are periods where profits might come in with complete ease, and then there are times where sales might be extremely slow bringing in little to no profit. This is one of the reasons why having other sources of income is a must for every business owner.

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uptrendfinancialsignal
uptrendfinancialsignalKnowledge Seeker
Asked: June 30, 2024In:

It takes a lot to grow small businesses as it requires a strategic approach. I have tried all means but they doesn’t seem to work. I need your ideas on this.

It takes a lot to grow small businesses as it requires a strategic approach. I have tried all means but they doesn’t seem to work. I need your ideas on this.

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businessinvestmentmoney
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    When it comes to growing your small business, you need to have a business plan, and the first step would be to know your target audience. By knowing your target audience, it helps you create a good business plan that suits your Audience. Having a marketing strategy based on your target audience alsoRead more

    When it comes to growing your small business, you need to have a business plan, and the first step would be to know your target audience. By knowing your target audience, it helps you create a good business plan that suits your Audience. Having a marketing strategy based on your target audience also plays an important role as well when it comes to reaching your customers. 

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Ramolak19
Ramolak19Knowledge Seeker
Asked: September 2, 2023In:

I am into construction business and have been working technically building my business so some years back while I need to go on vacation for 2 weeks rest, can you guys give tips on how to improve my savings for ...Read more

I am into construction business and have been working technically building my business so some years back while I need to go on vacation for 2 weeks rest, can you guys give tips on how to improve my savings for personal travel. Thanks

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businessvacation
  1. Avarose
    Avarose Enlightened Mentor

    Treat your vacation like a fixed business expense, not an afterthought set a clear target amount, then automatically set aside a small percentage from every project payment into a separate travel fund account so you don’t touch it. Since construction income can be uneven, save more during good monthRead more

    Treat your vacation like a fixed business expense, not an afterthought set a clear target amount, then automatically set aside a small percentage from every project payment into a separate travel fund account so you don’t touch it. Since construction income can be uneven, save more during good months to cover slower ones, and cut small leaks like unnecessary purchases or idle expenses. If possible, plan your vacation timing during a lighter work period so you’re not losing major income, and keep the goal visible it makes saving feel purposeful instead of restrictive.

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eldavis
eldavisEnlightened Mentor
Asked: September 8, 2023In:

I met someone some time back who said provision shop owners are not making much profit. He said most of their profit most times are not even up to a dollar. I was thinking of starting a provision store one ...Read more

I met someone some time back who said provision shop owners are not making much profit. He said most of their profit most times are not even up to a dollar. I was thinking of starting a provision store one day, how much does provision stores actually make?

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businessentrepreneurmoney
  1. Avarose
    Avarose Enlightened Mentor

    Provision shops usually don’t rely on big profits per item—they survive on consistency. Think of it less as “making money on each sale” and more as steady daily cash flow small earnings from many customers throughout the day. Owners who do well often build strong relationships with their neighborhooRead more

    Provision shops usually don’t rely on big profits per item—they survive on consistency. Think of it less as “making money on each sale” and more as steady daily cash flow small earnings from many customers throughout the day. Owners who do well often build strong relationships with their neighborhood, offer convenience (like being open early/late or giving small credit), and carefully choose fast-selling products. So, profits can feel small at first, but over time a busy, well-run shop can provide stable income while a poorly located or unmanaged one may barely break even.

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Ramolak19
Ramolak19Knowledge Seeker
Asked: September 12, 2023In:

I think it’s the time to face the reality of life because productivity of the solo business can’t sustain a families expenditure and what are the advantages of having multiple business stream

I think it’s the time to face the reality of life because productivity of the solo business can’t sustain a families expenditure and what are the advantages of having multiple business stream

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businessmoney
  1. Augusta
    Augusta Enlightened Mentor

    There are a lot of benefits one gains frommrunning multiple Businesses. The first is the risk diversification. Even if one business faces market disruptions, the other could remain stable or prosperous. This is why Flexibility is key in business You would have Multiple sources of income. You don't gRead more

    There are a lot of benefits one gains frommrunning multiple Businesses. The first is the
    risk diversification. Even if one business faces market disruptions, the other could remain stable or prosperous. This is why Flexibility is key in business

    You would have Multiple sources of income. You don’t get sustained by only one place. You also have a
    Broader network and market reach.

    With multiple business you are having Increased learning curve and perspective. You learn differently from.eacb.

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Mfon
MfonNewcomer
Asked: September 23, 2023In:

Can I start a business with three workers? I think starting a business with few workers can improve and save more money for the benefit of the business before others come in

Can I start a business with three workers?

I think starting a business with few workers can improve and save more money for the benefit of the business before others come in

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businessmake money
  1. Augusta
    Augusta Enlightened Mentor

    Definitely You can start your business with any number of workers but I know most times it depends on your kind of work. It Is even better to start with small amount of people that way you can effectively managed them. The truth is that handling man power is never a small thing but you can always doRead more

    Definitely You can start your business with any number of workers but I know most times it depends on your kind of work. It Is even better to start with small amount of people that way you can effectively managed them. The truth is that handling man power is never a small thing but you can always do it with the right strategies and approach. Go ahead with them and see how it goes

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