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eldavis
eldavisEnlightened Mentor
Asked: September 13, 2023In: Money & Business

how much capital did you use in starting your business?

When it comes to starting up a business, you need capital to do this. How much capital did you use to startup your business at the early stage?

When it comes to starting up a business, you need capital to do this. How much capital did you use to startup your business at the early stage?

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  1. Mika
    Mika Expert Mind
    Added an answer on April 24, 2024 at 1:25 am

    I started my business with zero capital. This was possible because I started online business on ecommerce marketplace. If you want to start a business without any capital, using ecommerce marketplace is the best option. You can choose form various options such as Amazon, eBay, Facebook Marketplace,Read more

    I started my business with zero capital. This was possible because I started online business on ecommerce marketplace. If you want to start a business without any capital, using ecommerce marketplace is the best option. You can choose form various options such as Amazon, eBay, Facebook Marketplace, Instagram shop, etc. However, to generate sales you still need money as you need to do paid marketing.

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eldavis
eldavisEnlightened Mentor
Asked: September 9, 2023In: Money & Business

how much can a hair dresser make within a month?

Hair dressing or hair stylist as some would call it is one of the popular business around today, there are so many persons into this line of work. How much do hair dressers make per month?

Hair dressing or hair stylist as some would call it is one of the popular business around today, there are so many persons into this line of work. How much do hair dressers make per month?

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on April 18, 2024 at 5:40 pm

    This basically depends on a lot of factors like where you live, and how much you charges for your services, if you have employees in your shop you can set a target for them to reach and all you have to do is manage them, if you're a solo salon then you'd have to factor in a lot of things. I think anRead more

    This basically depends on a lot of factors like where you live, and how much you charges for your services, if you have employees in your shop you can set a target for them to reach and all you have to do is manage them, if you’re a solo salon then you’d have to factor in a lot of things.

    I think anything above minimum wage profits is pretty decent because you can live on that and from there you can focus on making more by adding more services.

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eldavis
eldavisEnlightened Mentor
Asked: September 21, 2023In: Money & Business

how much time do you spend working per day?

How much time do you usually spend working online and offline in a day? For me i do not really have a specific time frame, but most days i usually spend almost the whole day.

How much time do you usually spend working online and offline in a day? For me i do not really have a specific time frame, but most days i usually spend almost the whole day.

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  1. Mika
    Mika Expert Mind
    Added an answer on April 14, 2024 at 4:29 am

    When I had an offline job, I used to work 8 hours a day and 40 hours a week. Sometimes I also did over time and worked for 10 hours but that was occasionally. These days I work online and on average I spend around 10 hours every day, and I work 7 days a week. Sometimes I work even 12 hours in a day.Read more

    When I had an offline job, I used to work 8 hours a day and 40 hours a week. Sometimes I also did over time and worked for 10 hours but that was occasionally. These days I work online and on average I spend around 10 hours every day, and I work 7 days a week. Sometimes I work even 12 hours in a day. Online work requires a lot of time, so I work more these days compared to when I was working offline.

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In: Money & Business

what long term goals should a business owner have?

It is common knowledge that every business owner should have goals for their business. There are long term goals and as well short term goals. What long term goals should a business owner have for their business?

It is common knowledge that every business owner should have goals for their business. There are long term goals and as well short term goals. What long term goals should a business owner have for their business?

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  1. Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on April 13, 2024 at 5:58 am

    A business owner without a goal or objective in his or her business is like an individual riding a bicycle or driving a car without having any specific direction in mind. As a business owner you must have both short-term and long-term goals that you look forward to accomplish and achieve in your resRead more

    A business owner without a goal or objective in his or her business is like an individual riding a bicycle or driving a car without having any specific direction in mind. As a business owner you must have both short-term and long-term goals that you look forward to accomplish and achieve in your respective businesses. One of the most paramount long-term goals and objective a business owner must have is expansion and accumulation of more customers and clients. However the achievements of long-term goals like this depends on how unique your business is in terms of customer services and the selling of unique and high quality products and services made from unique raw materials.

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eldavis
eldavisEnlightened Mentor
Asked: September 25, 2023In: Money & Business

How do you find the right supplier for your business?

For does who are into the business of selling of products, having a good supplier plays a very important role. How do you find the right supplier for your business?

For does who are into the business of selling of products, having a good supplier plays a very important role. How do you find the right supplier for your business?

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  1. yusra
    yusra Trusted Adviser
    Added an answer on April 5, 2024 at 6:47 pm

    Finding the right supplier is crucial for the success of my business. I start by thoroughly researching potential suppliers, reviewing their track record, product quality, pricing, and customer service. I also seek referrals from industry peers and check online reviews. Once I've identified promisinRead more

    Finding the right supplier is crucial for the success of my business. I start by thoroughly researching potential suppliers, reviewing their track record, product quality, pricing, and customer service. I also seek referrals from industry peers and check online reviews. Once I’ve identified promising options, I conduct in-depth interviews to assess their reliability, flexibility, and alignment with my business needs.

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eldavis
eldavisEnlightened Mentor
Asked: September 4, 2023In: Money & Business

how do i generate sales on my social media accounts?

These days a lot of business owners now make use of social medias such as Instagram, twitter (now known as X ) and the likes and they are making good money form it. How can i generate sales on social ...Read more

These days a lot of business owners now make use of social medias such as Instagram, twitter (now known as X ) and the likes and they are making good money form it. How can i generate sales on social media?

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  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.
    Added an answer on March 11, 2024 at 9:02 pm

    To make money on social network accounts, a coordinated strategy that combines engaging content, precise targeting, and conversion optimization is needed. There are certain steps to follow in order to increase social media revenue generation. So, clearly define your sales objectives. Do you want toRead more

    To make money on social network accounts, a coordinated strategy that combines engaging content, precise targeting, and conversion optimization is needed. There are certain steps to follow in order to increase social media revenue generation. So, clearly define your sales objectives. Do you want to improve online sales, drive customers to your physical stores, or increase email newsletter sign-ups?

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eldavis
eldavisEnlightened Mentor
Asked: September 6, 2023In: Money & Business

how much does web developers earn on a daily basis?

I know someone who is into web designing, according to him he claims what he earns from web designing is more than enough to take care of himself and his family. How much do web designers earn on a daily ...Read more

I know someone who is into web designing, according to him he claims what he earns from web designing is more than enough to take care of himself and his family. How much do web designers earn on a daily or monthly basis?

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  1. Esther
    Best Answer
    Esther Knowledge Seeker Writer
    Added an answer on September 6, 2023 at 4:11 pm

    Web developer earnings can vary widely depending on factors like location, experience, and the specific job or project. In many cases, web developers are salaried employees or work on a freelance basis, so their income may not be directly tied to a daily rate. However, to give you a rough idea, someRead more

    Web developer earnings can vary widely depending on factors like location, experience, and the specific job or project. In many cases, web developers are salaried employees or work on a freelance basis, so their income may not be directly tied to a daily rate.

    However, to give you a rough idea, some freelance web developers might charge anywhere from $200 to $500 or more per day for their services, while others may charge on an hourly or project-based basis. Keep in mind that these rates can change over time and can differ significantly based on geographic location and expertise.

    For salaried web developers, their income is typically an annual salary that is divided into regular pay periods, such as bi-weekly or monthly, rather than daily earnings. The specific salary can vary greatly depending on factors mentioned earlier.

    To get more accurate and up-to-date information about web developer earnings in your area, it’s a good idea to research job listings or consult with professionals in the field.

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eldavis
eldavisEnlightened Mentor
Asked: September 7, 2023In: Money & Business

how do barbing salons pay their employees?

A barbing salon is a very popular and common business not just in my country but in almost every part of the world, what I don’t understand is how they pay their workers. Most barbing salons have up to three ...Read more

A barbing salon is a very popular and common business not just in my country but in almost every part of the world, what I don’t understand is how they pay their workers. Most barbing salons have up to three or five and even more barbers working. There are days where there are no jobs at all so how are the workers paid? Are they paid per the number of hair they cut or are they paid a specific amount monthly?

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  1. yusra
    yusra Trusted Adviser
    Added an answer on March 11, 2024 at 9:01 pm

    Here are some common pay structures for barbershop employees: Commission - Many barbershops pay employees a percentage commission on the services they provide. A typical commission rate is 50-60% of each haircut or other service. Barbers keep that percentage of what they earn. Booth rental - Some shRead more

    Here are some common pay structures for barbershop employees:

    • Commission – Many barbershops pay employees a percentage commission on the services they provide. A typical commission rate is 50-60% of each haircut or other service. Barbers keep that percentage of what they earn.
    • Booth rental – Some shops rent out space (“chairs” or “booths”) to barbers to operate as independent contractors. Barbers pay a fixed weekly/monthly rent for their space but keep all their earnings.
    • Hourly wage + tips – Some barbershops pay a base hourly wage similar to other service roles, with barbers keeping any tips. Wages vary but $10-15 per hour is typical.
    • Hourly + commission – Shops may pay a lower hourly wage plus a smaller commission percentage, guaranteeing barbers a base rate while providing commission incentives.
    • Salary – Experienced senior barbers may negotiate a set salary not dependent on productivity. Owners may pay themselves a salary separate from shop profits.
    • Hourly or salary + profit sharing – To encourage team thinking, shops may offer bonuses based on reaching overall profit goals.

    Many shops use hybrid models, with newer barbers on hourly or commission and experienced ones on salary or booth rental. Profit sharing encourages mentoring. Owners must ensure pay structure complies with labor laws. Tip pooling policies also vary by shop.

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eldavis
eldavisEnlightened Mentor
Asked: September 11, 2023In: Money & Business

How do you retain customers in business

It’s one thing to get customers, while it is another to be able to retain them. Most business owners are having issues in terms of retaining their customers. How do you retain your customers?

It’s one thing to get customers, while it is another to be able to retain them. Most business owners are having issues in terms of retaining their customers. How do you retain your customers?

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  1. Light
    Light Trusted Adviser
    Added an answer on March 11, 2024 at 9:00 pm

    Focus on providing amazing client experiences by offering top-notch goods or services to keep customers in your organization. Keep lines of communication open, solicit input, and respond to issues quickly. Make customized rewards and loyalty programs. Create a credible online presence and interact wRead more

    Focus on providing amazing client experiences by offering top-notch goods or services to keep customers in your organization. Keep lines of communication open, solicit input, and respond to issues quickly. Make customized rewards and loyalty programs. Create a credible online presence and interact with customers through email marketing and social media. Prioritize long-term partnerships and provide post-purchase assistance. Customer retention depends on being consistent, building trust, and exceeding expectations.

     

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eldavis
eldavisEnlightened Mentor
Asked: September 12, 2023In: Money & Business

how do you maintain quality relationship with your customers?

Just like your employees, your customers are also a very vital part of your business. Without them there is no business which is why it is extremely important as business owners we have a good relationship with your customers. As ...Read more

Just like your employees, your customers are also a very vital part of your business. Without them there is no business which is why it is extremely important as business owners we have a good relationship with your customers. As a business owner, how do you create a good relationship with your customers?

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    Added an answer on March 11, 2024 at 9:00 pm

    To maintain quality relationship with customer firstly you must try and be honest and transparent in your dealings. Building trust is key to long-term relationships on any business. Another thing is respond quickly to inquiries, whether through phone, email, or social media. Timely responses demonstRead more

    To maintain quality relationship with customer firstly you must try and be honest and transparent in your dealings. Building trust is key to long-term relationships on any business.

    Another thing is respond quickly to inquiries, whether through phone, email, or social media. Timely responses demonstrate commitment can help in maintaining your customers relationship.

    You have to always implement loyalty programs to reward repeat customers. Offer discounts, and gifts to regularly customers to maintain the relationship.

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