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  1. Asked: September 28, 2023In: Money & Business

    Is it true that there's money online?

    yusra
    yusra Trusted Adviser
    Added an answer on September 28, 2023 at 3:00 am

    Yes, it is certainly possible to make money online, though how much and through what methods varies greatly. Here are some of the main ways people typically earn money online: - Blogging/content creation - By building an audience and monetizing a blog through advertising, affiliate links, sponsoredRead more

    Yes, it is certainly possible to make money online, though how much and through what methods varies greatly. Here are some of the main ways people typically earn money online:

    – Blogging/content creation – By building an audience and monetizing a blog through advertising, affiliate links, sponsored posts, ebooks, etc. Successful bloggers can earn anywhere from a few hundred to thousands of dollars per month.

    – Freelance services – Selling skills and services online such as programming, graphic design, consulting, writing, etc. Freelancing is highly flexible and earnings depend on your skills and workload.

    – Selling products online – Creating physical or digital products such as courses, artwork, merchandise, etc. and selling them online through your own e-commerce site or platforms like Etsy. Potential earnings are very wide based on product type and market.

    – Online surveys/tasks – Participating in online surveys, tasks, focus groups etc. These tend to pay small amounts but can add up through volume. Many sites like Swagbucks allow this.

    – Affiliate marketing – Earning commission promoting other companies’ products through an affiliate link. Bloggers often incorporate affiliate links. Commissions vary but popular programs can be profitable.

    – Ad revenue sharing – Monetizing YouTube videos, social media influencers, and websites by allowing paid ads and sharing ad revenue. Earnings depend heavily on number of views/users.

    – Investing/trading – Trading stocks, cryptocurrencies, etc. Potential profits are extremely variable and carrying risk.

    So in summary, while online income takes effort and patience like any endeavor, there are certainly realistic ways to monetize skills, products, content, audiences and assets through the internet.

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  2. Asked: September 25, 2023In: Money & Business

    What is the essence of knowing the netprofit of a business

    Ovy
    Ovy Active Contributor Overcomer
    Added an answer on September 26, 2023 at 3:09 am

    Finding the net profit of a business to me is just like checking the amount of money you have left after covering all expenses. I classify it as the highest rank of measure to see whether the business is making or losing money. After subtracting your rent, salaries, and supplies from the total incomRead more

    Finding the net profit of a business to me is just like checking the amount of money you have left after covering all expenses. I classify it as the highest rank of measure to see whether the business is making or losing money. After subtracting your rent, salaries, and supplies from the total income, you’ll now see what’s left in the pocket of the business from there, you’ll now know the sustainability, growth of a business.

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  3. Asked: September 25, 2023In: Money & Business

    How to save money, buying new furniture for the home?

    Umumuslima
    Umumuslima Newcomer
    Added an answer on September 25, 2023 at 11:34 pm

    Buying furniture now is really expensive because I no what it feels like. I just got my wooden wardrobe not quite long and it really expensive so one may not able to muster up courage to.just collect you salary or personal profit and spend it on furniture. But the best advisable way to acquire the fRead more

    Buying furniture now is really expensive because I no what it feels like. I just got my wooden wardrobe not quite long and it really expensive so one may not able to muster up courage to.just collect you salary or personal profit and spend it on furniture.
    But the best advisable way to acquire the furniture ok so to save up money for it,that’s is gradual and steady savings is still easy and comfortable and after some times let day month,you can access the savings and buy the furniture you might need

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  4. Asked: September 25, 2023In: Money & Business

    What can I do with may salary to earn more money?

    Jewel
    Jewel Knowledge Seeker Jewel
    Added an answer on September 25, 2023 at 9:43 pm

    Investing your salary is a smart way to potentially increase your income over time. This is how you can start first determine your financial goals for investing. Are you looking for long-term wealth accumulation, retirement planning, or short-term gains? Your goals will guide your investment strategRead more

    Investing your salary is a smart way to potentially increase your income over time. This is how you can start first determine your financial goals for investing. Are you looking for long-term wealth accumulation, retirement planning, or short-term gains? Your goals will guide your investment strategy but before you start investing, ensure you have an emergency fund with three to six months’ worth of living expenses. This provides a financial cushion in case of unexpected expenses.

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  5. Asked: September 25, 2023In: Money & Business

    What are documents needed in a business?

    Rimisha
    Rimisha Knowledge Seeker I am students and I am always eager to expand my knowledge and share it with others.✨
    Added an answer on September 25, 2023 at 9:41 am

    Some common documents needed in a business include invoices, purchase orders, financial statements, contracts, employee records, licenses and permits, tax forms, and business plans. These documents help track transactions, comply with regulations, manage finances, and provide legal protection.😊💜

    Some common documents needed in a business include invoices, purchase orders, financial statements, contracts, employee records, licenses and permits, tax forms, and business plans. These documents help track transactions, comply with regulations, manage finances, and provide legal protection.😊💜

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  6. Asked: September 21, 2023In: Money & Business

    is shoe making business profitable?

    Mike Smith
    Mike Smith Knowledge Seeker
    Added an answer on September 21, 2023 at 3:12 pm

    Establishing and managing a shoe making business is absolutely a good and profitable business idea but to be successful in such business you would need connections to grow and to develop. Connections here simply mean that you must device a channel to let people know of your services and to come patrRead more

    Establishing and managing a shoe making business is absolutely a good and profitable business idea but to be successful in such business you would need connections to grow and to develop. Connections here simply mean that you must device a channel to let people know of your services and to come patronize your services as well, if you must have a store or shop where you showcase the work of art, it must be located in the best area where your targeted audience are. Having good customer services and quality products should not be exempted from your business feature.

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  7. Asked: September 19, 2023In: Money & Business

    Is it advisable to clear bushes just for making money?

    Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    Added an answer on September 19, 2023 at 10:21 pm

    I think it's a part of hustling, at least it will bring food to you and your family. But as you are doing so you need to plan a business, because hustling sometime can opens doors to new opportunities and connections that you might not encounter otherwise. As you doing the kind of handwork considerRead more

    I think it’s a part of hustling, at least it will bring food to you and your family.

    But as you are doing so you need to plan a business, because hustling sometime can opens doors to new opportunities and connections that you might not encounter otherwise.

    As you doing the kind of handwork consider it has learning, because hustling often requires continuous learning and adaptation, promoting personal growth.

     

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  8. Asked: September 18, 2023In: Money & Business

    Making money in poultry farm, is it possible?

    Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    Added an answer on September 18, 2023 at 9:07 pm

    Yes it's possible, because right now one egg is 100 naira. If you're investing on poultry farms business nothing can stop you from making a lot of money from it. But to succeed you have to develop a vaccination and health management program to prevent and control diseases. Regularly monitor your birRead more

    Yes it’s possible, because right now one egg is 100 naira.

    If you’re investing on poultry farms business nothing can stop you from making a lot of money from it.

    But to succeed you have to develop a vaccination and health management program to prevent and control diseases. Regularly monitor your birds’ health and seek veterinary advice when necessary.

    To make money you have to look for customers, advertise your your poultry farms business.

     

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  9. Asked: September 18, 2023In: Money & Business

    Can someone of 18yrs manage a poultry farming?

    Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    Added an answer on September 18, 2023 at 9:01 pm

    Yes. My answer is yes, because it's all depends on trainings. A boy or a girl of 18 years of age can manage a poultry farms successfully if he or she learned and master on how to handle the farm well. First of all you have to construct suitable housing that provides comfort, safety, and proper ventiRead more

    Yes.

    My answer is yes, because it’s all depends on trainings.

    A boy or a girl of 18 years of age can manage a poultry farms successfully if he or she learned and master on how to handle the farm well.

    First of all you have to construct suitable housing that provides comfort, safety, and proper ventilation for your birds. Keep the housing clean and well-maintained to prevent disease outbreaks.

    Another thing is to Maintain detailed records of expenses, production, and health. This data will help him or her to make informed decisions and track  farm’s performance.

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  10. Asked: September 18, 2023In: Money & Business

    What are they long term effects of not investing?

    yusra
    yusra Trusted Adviser
    Added an answer on September 18, 2023 at 5:49 pm

    Here are some potential long-term risks and effects of not investing: - Lack of retirement savings - Not investing over your working years means you likely won't have enough retirement savings. This could force you to work longer or have a reduced standard of living. - Inability to meet financial goRead more

    Here are some potential long-term risks and effects of not investing:

    – Lack of retirement savings – Not investing over your working years means you likely won’t have enough retirement savings. This could force you to work longer or have a reduced standard of living.

    – Inability to meet financial goals – Major goals like buying a house, starting a business, or paying for college are very difficult without investment income. Lack of investing compromises your financial options.

    – Loss of purchasing power – Money that just sits in a traditional savings account loses value over time due to inflation. The less you invest, the less your money works for you.

    – Greater dependence on others – Minimal savings makes you more financially dependent on family, government programs, charities, etc. if you encounter hardship.

    – Higher risk of financial surprises – No cushion of investment savings leaves you more exposed to surprises like job loss, illnesses, major home repairs, etc.

    – Missing out on compound growth – Investing early allows compounding to boost returns exponentially over time. By not investing, you miss this growth potential.

    – Higher expenses later in life – Forced to work longer before retirement increases costs like commuting, clothing, food prep. Late retirement also shortens your nest egg duration.

    – Limited ability to gift/donate – Lack of investment capital restricts charitable pursuits and your ability to help family members like grandkids.

    – Greater financial stress and anxiety – Constant worry about money takes a psychological and physical toll over time. Investing helps alleviate this.

    The bottom line is that investing steadily over time is crucial to achieving both short and long-term financial goals while protecting your overall wellbeing.

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