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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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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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Light
LightTrusted Adviser
Asked: July 3, 2024In:

Do you think Freelancing Job is still viable for people just starting out? What exactly do you think about Freelancing currently? Can you venture into it?

Do you think Freelancing Job is still viable for people just starting out? What exactly do you think about Freelancing currently? Can you venture into it?

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freelancingmake moneymoney
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    Freelancing jobs still remains one of the best ways to make money for both beginners and others who have more experience, but one thing people need to understand is that it is not something that brings in money immediately, especially if you are just starting. The freelancing space can be very compeRead more

    Freelancing jobs still remains one of the best ways to make money for both beginners and others who have more experience, but one thing people need to understand is that it is not something that brings in money immediately, especially if you are just starting. The freelancing space can be very competitive, hence most beginners even end up giving up before they actually earn anything from it. 

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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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Svishok
SvishokExpert Mind
Asked: September 21, 2023In:

In a rapidly changing job landscape, this question asks how educational institutions can equip students with the skills and knowledge needed for success in a dynamic, tech-driven world.

In a rapidly changing job landscape, this question asks how educational institutions can equip students with the skills and knowledge needed for success in a dynamic, tech-driven world.

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

    It's time for schools to move away from memorization and start emphasizing practical skills in education. We need to prioritize digital skills, critical thinking, creativity, and the ability to adapt. Bringing in real-life projects, internships, and entrepreneurship training is crucial. Let's encourRead more

    It’s time for schools to move away from memorization and start emphasizing practical skills in education. We need to prioritize digital skills, critical thinking, creativity, and the ability to adapt. Bringing in real-life projects, internships, and entrepreneurship training is crucial. Let’s encourage students to keep learning throughout their lives, so they can learn new skills as industries change. Building strong connections with industries is also key to making sure students are prepared for the current job market.

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Umumuslima
UmumuslimaNewcomer
Asked: September 26, 2023In:

How can one gain access to legit site online? What am asking is that how can one come across online platform that is free from scam and always pay back investor their capital and profit?

How can one gain access to legit site online? What am asking is that how can one come across online platform that is free from scam and always pay back investor their capital and profit?

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

    Finding legit online platforms takes caution and research. Start by checking if the platform is registered with recognized regulators like the Securities and Exchange Commission or similar bodies in your country. Read independent reviews on trusted sites like Trustpilot. Avoid platforms promising “gRead more

    Finding legit online platforms takes caution and research. Start by checking if the platform is registered with recognized regulators like the Securities and Exchange Commission or similar bodies in your country. Read independent reviews on trusted sites like Trustpilot. Avoid platforms promising “guaranteed” high returns—they’re often scams. Look for transparent terms, real contact info, and a proven track record. Finally, test with small amounts before committing bigger funds.

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Alex Johnson
Alex JohnsonNewcomer
Asked: September 12, 2023In:

In my area, many people own shops where they sell soft drinks. But the question is; Is it a profitable business? Can you really make a lot of money from it?

In my area, many people own shops where they sell soft drinks.

But the question is;

Is it a profitable business?

Can you really make a lot of money from it?

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businessmoney
  1. Avarose
    Avarose Enlightened Mentor

    You can make money selling soft drinks, but the profit depends more on volume and location than the product itself. Soft drinks usually have small margins per bottle, so the real income comes from selling consistently and in high traffic areas. Shops near busy streets, schools, or transport spots teRead more

    You can make money selling soft drinks, but the profit depends more on volume and location than the product itself. Soft drinks usually have small margins per bottle, so the real income comes from selling consistently and in high traffic areas. Shops near busy streets, schools, or transport spots tend to do better because of steady demand. It’s not usually a quick rich business, but with good location and steady sales, it can become a stable source of income.

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Donflex
DonflexNewcomer
Asked: August 13, 2023In:

Yes cause Success depends on factors like the products you offer, your marketing strategies, customer service, and the overall user experience. It’s also important to conduct through research, create a solid business plan, and be prepared for challenges along the ...Read more

Yes cause Success depends on factors like the products you offer, your marketing strategies, customer service, and the overall user experience. It’s also important to conduct through research, create a solid business plan, and be prepared for challenges along the way, make sure that your online store has secure payment gateways to protect customer information, an certificates to assure customers of a safe shopping experience in the store 

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moneystore
  1. Avarose
    Avarose Enlightened Mentor

    You can make money from an online store, but it’s not automatic it depends on how well you choose products, reach customers, and build trust. Stores that succeed usually focus on solving a clear need, not just selling random items. Good marketing, simple user experience, and reliable customer servicRead more

    You can make money from an online store, but it’s not automatic it depends on how well you choose products, reach customers, and build trust. Stores that succeed usually focus on solving a clear need, not just selling random items. Good marketing, simple user experience, and reliable customer service all play a big role in turning visitors into buyers. It also takes time to test, improve, and understand what actually sells before consistent profit starts showing.

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