Making Money Archives

5 questions that’ll help your buying decision process

08/04/2025 by Roy Sutton Leave a Comment

Today, I am considering the buying decision process.

If you want to create wealth, it starts with being sensible with your money.

So, the buying decision process is essential.

Buying decision process:

Now, how can you be expected to save money when you don’t earn enough to make ends meet as it is?

I’m guessing you may have asked yourself that question at least once, dear reader? If you have, you’re not alone. It’s a common challenge.

However, whilst some people may struggle financially, it’s also true that far too many people squander their money buying items they don’t need and probably will never use, often in an attempt to impress people they don’t even like.

For such people, their buying decision process is usually limited to whether they still have enough credit left on their credit cards.

Well, the mantra “Have Plastic; Will Purchase” is not a good one if saving money is one of your goals.

You can earn a decent income, and yet a lack of money management skills and poor buying decisions will result in you never achieving financial freedom. Poor money management skills will condemn you to a life of being poor.

So it’s essential that you learn to manage your money properly if you want to avoid long-term poverty.

Avoid the ‘I’ve got to have it’ approach:

So, be honest with yourself: how often do you buy things you didn’t need?

Stuff that you weren’t even looking for, but it was there, and it looked nice, and you thought, I’ve got to have it. Out pops your ‘flexible friend,’ and the item is yours. A brief period of gratification follows, and then the item is largely forgotten.

How often do you buy things you never use?

Take a look at your wardrobe. I’ll bet there are a few items in there that still have the store tags on them. Never used, and they’ve probably been there for quite some time, I suspect? Would I be right?

‘I’ve got to have it‘ is a great way to waste all your money. With this approach, you’ll enrich other people at your own expense. Now how could that possibly make sense?

Credit cards: Weapons of mass wealth destruction:

How often do you buy things you can’t afford with money you don’t have?

It’s true, credit cards can be a convenient means for making payments, of course, but they can also be weapons of mass wealth destruction. That’s a fact, dear reader.

When it comes to the buying decision process, most of us are driven more by a desire for gratification than by any sensible approach to managing our money carefully.

Most of us are guilty of buying more than we need. Many of us are guilty of buying items we seldom use, if at all.

If you’re like this, dear reader, then you’re not alone, I can assure you. However, that’s not a good thing.

The disciplined approach:

With discipline, you can hang on to more of your money and build capital, which, eventually, will start generating an income all of its own through interest payments on deposits and bonds, dividend payments, and capital growth on stocks and shares.

Still, we’re getting ahead of ourselves.

The underlying message I offer you today, dear reader, is that:

You should establish for yourself a buying decision process that will allow you to control your expenditure.

Essentially, before you buy anything, you need to ask yourself a series of tough questions to gauge whether the purchase makes good sense.

And what are those questions?

The questions to ask before making any purchase:

There are, in fact, five questions you should ask yourself before making any purchase, as follows:

Do I need it? Honestly?
Will I use it? Honestly?
Can I afford it? Honestly?
If I didn’t have it, would it matter?
Does it represent value for money?

If you answer ‘No’ to the first four questions, the fifth question is irrelevant.

A negative on all or even most of the first four questions means don’t buy the item. Simple!

And even if you do think you need it, never buy anything if you do not have the money to pay for the item right now. Never, ever incur debt for a discretionary purchase.

It’s better to do without than to run up debt on a credit card to pay for discretionary purchases.

The compounding effect of high credit card interest rates can quickly turn a small debt into a large one.

The ‘value for money’ question is only relevant when you can answer every other question in the affirmative.

Nevertheless, you should never buy something that’s not also good value for money.

That is, you should never overpay for anything.

Overpaying means the price is inconsistent with the value on offer.

Let the answers to the questions guide you:

To ensure your buying decision process is sound, you must always ask these questions.

Let them be your purchasing guide, and you’ll be in a better position to start saving money and watch it grow.

Once it starts growing, you’ll be on your way to building your own personal wealth.

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So please share it now. If you do, I will be forever grateful, and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Roy Sutton

Roy Sutton is a writer, content creator, digital entrepreneur, and international traveller. Formerly, a CEO, corporate business executive, management consultant, and electronic systems engineer with a background in telecommunications and IT. His blog aims to both inspire readers to achieve their best lives and entertain them with the humour we all crave.

How to turn your yearly income into your monthly income

07/25/2025 by Roy Sutton

Would you like to learn how to turn your yearly income into your monthly income?

Perhaps you are one of those people who feel you should be earning more than you do.

To have enough money to enjoy the lifestyle you’d love?

You’d like a higher income, but you’re unsure how to achieve it.

Perhaps you feel that big money never flows to people like you.

A natural assumption, possibly, but it’s wrong.

With the right approach, you too can have significantly more money than you have now. Yes, you can become truly wealthy.

The question is, where do you begin?

You can start by understanding the Law of Compensation. In the video included here, the self-help guru Bob Proctor explains that income is earned according to the Law of Compensation.

How to turn your yearly income into your monthly income:

The Law of Compensation:

Bob explains that the Law of Compensation states that the amount of money you earn will always be in exact ratio to the following three points, namely:

The NEED for what you do.
Your ABILITY to do it.
The DIFFICULTY there would be in REPLACING YOU.

Now you have no control over points 1 and 3, so you must concentrate on point number 2.

You must constantly hone your skills and become a master of whatever you do.

That said, becoming a master of what you do is only part of the solution.

To earn more, you must decide on your strategy for earning money. In the video, Bob Proctor explains that there are only three strategies for earning money.

The Strategies for Earning Money:

So what are the three income-earning strategies? Bob Proctor describes these as M1, M2, and M3. In more detail, that means:

M1: Trading your time for money:

Essentially, this is paid employment, and it is the way that 96% of people earn an income.

The problem is that, unless you’re a Wall Street banker, you’re unlikely to get rich this way. It probably explains why you’re not rich right now.

M2: Invest Money to Earn Money:

Assuming you’re working for the man as a salaried employee, you can start saving, and gradually, as your savings grow, you can invest your money in stocks, bonds, and property, and over time, your investments will start generating an income of their own.

That’s great, but you need to know what you’re doing. If you have nothing now, it will take some time before you can start generating anything approaching a useful extra income.

Of course, if you have a large sum of money available right now, then this might be a solution; however, for most people, it’s not feasible, which is why only around 3% of people make an income this way.

M3: Multiply your time with multiple sources of income:

Establishing multiple income streams is a great way to start generating substantial income.

Even fewer people make an income this way, around 1%, but that has more to do with the fact that most people fail to recognize its potential.

Now, let me make one thing clear: having multiple income streams does not mean working multiple jobs.

It means having income streams that will earn money for you even while you’re sleeping. And as the legendary investor Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.“

M3 Income Strategy:

M3 is the income strategy that will help you earn far more than you earn now. Certainly, it will if you do it right.

Bob Proctor offers the example of Network Marketing (also known as Multi-Level Marketing), whereby not only do you sell products, but you also create a network of sellers, which means that when they sell, you receive a portion of the commission generated from those sales.

The best network marketers have made a significant amount of money this way, but it’s not the only solution to generate multiple streams of income.

The internet now offers multiple ways to get rich online.

For instance, you can use Amazon as a marketplace and sell products with fulfilment (delivery to the customer) handled by Amazon.

You can also generate commissions through affiliate marketing with Amazon, as well as other platforms like ClickBank and Commission Junction (CJ). These can be great ways to make money whilst you sleep.

Blogging and Vlogging are also other ways to produce income streams.

There are numerous ways for the ambitious and determined. It’s never been easier for people prepared to put in the effort.

So listen to what Bob Proctor has to say and be inspired to take action now.

The Game of Money-Making:

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Work and Money: Which is more important?

07/22/2025 by Roy Sutton

Today, let’s discuss work and money.

How often are we tempted to do something just for the money?

Indeed, I’ve done many things for money alone, and perhaps you have too, dear reader.

In my experience, it has always proved to be a mistake because no amount of money can compensate you for the drudgery of doing something you hate.

And more importantly, if you hate what you’re doing, you’re unlikely to do it very well, are you? It’s hard to feel motivated to do something you hate, surely?

Work and money:

My message today is simple. If you don’t enjoy what you’re doing, you won’t do it well. And if you don’t do it well, eventually you’ll come unstuck. And so it’s all going to end in tears, very probably.

Conversely, if you genuinely enjoy what you’re doing, it’ll hardly seem like work at all, and you’ll be motivated to do it well and produce the best results possible.

Do it well, and people will notice. Once they start to notice, your career will begin to move forward and upward. Every hiring manager wants someone with a track record for delivering exceptional results.

So never do anything for money alone. Money is nice to have, of course, and none of us can get by these days without it. However, life’s too short to spend your time doing something you hate.

Find a job that’s right for you first, and then work hard to master your trade. Improve at it, become more valuable, and then maximise your income.

When you’re producing exceptional results, never forget to ensure you’re getting paid what you’re worth.

It should never be about the money, but that doesn’t mean you should ignore your value and undervalue yourself. It’s about work and the value you can add first, and then it’s about ensuring you’re suitably rewarded for the value you deliver.

Be a dedicated professional, of course, but don’t be a mug. Just because it’s not about the money doesn’t mean you should ignore the money.

You may not be driven by money, but it’s fair to accept the reward for your efforts.

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3 things you need to know about money

07/21/2025 by Roy Sutton

Today, I’d like you to consider some key things you need to know about money, dear reader. In other words, think about what it all means to have money.

It’s natural to dream about being rich, of course.

Most people dream about being able to buy whatever they want and go anywhere and everywhere they’d like to go, possibly even in a private jet.

The attraction of having that pot of gold is why a lot of people will chase every rainbow.

However, while money is necessary for sustaining life, there are some things you should understand about money.

Here are three of them:

Things you need to know about money:

1. Having money brings its own pressures:

A great fortune is a great slavery. ~Seneca

It’s reasonable to want to create wealth and build a fortune. Everyone wants to feel financially secure. Why wouldn’t you?

However, being financially secure doesn’t mean you’ll have a life without problems and worry.

You’ll encounter different problems and other things to worry about.

No one goes through life without problems. Dealing with problems and challenges is an inevitable part of human existence.

Put simply, having money brings its own pressures.

Once you’ve got money, your biggest concern will be to ensure that you hang on to it.

Inevitably, that means you can become a slave to managing your money, preserving its capital value, and protecting your fortune.

Being wealthy may be a nice problem to have, but it’s no less of a problem for that.

So keep it all in perspective.

2. Money can never be more important than people:

We love to earn money; who doesn’t? It gets you things. ~Katie Price

Earning money is excellent, as it allows you to buy both the things you want and the things you need. However, money won’t take care of you when you’re ill.

Yes, it might enable you to hire some help.

However, that’s not the same as having someone around who genuinely cares about your well-being. That someone for whom you matter much more than money ever will.

In my experience, while money is important, nothing in our lives matters more than friends and loved ones. Human beings are social animals. So, only people really matter to us.

Never focus on money to the point where you neglect the people who should matter most to you. Forget about them, and eventually, they will forget about you.

You can have all the money in the world, but you’ll have nothing at all without friends and loved ones.

Please go out and earn as much money as you can, and enjoy it too. Fill your boots, as they say.

However, always maintain a sense of balance in your life and make sure that you allocate some time for the people who matter most to you.

An investment of your time in the people you love is an investment that will pay dividends.

3. Money is a precious resource, so use it wisely:

A penny saved is a penny earned. ~Benjamin Franklin

I make no apology for repeating Benjamin Franklin’s money mantra, repeated frequently by generations of well-meaning parents to their profligate children. It’s as valid today as it was in his day.

Whether Franklin was referring to money saved when making purchases or money saved from income is not obvious in his statement, but that doesn’t matter.

The underlying point is that you must be cautious with your finances, as saving money is the key to building wealth and achieving financial independence. No one ever got rich by wasting their money.

Money, like time, is a precious resource, so use it wisely.

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Thank you.

3 ways for getting rich

07/16/2025 by Roy Sutton

Today, I am exploring the idea of getting rich.

You should never take money too seriously, dear reader, but, equally, you should never underestimate the importance of money either. Let’s face it, in the modern world, money is as essential to sustaining life as oxygen. That’s a fact, whether we like it or not. So getting rich is a worthy topic for discussion.

By getting rich, I mean achieving financial freedom. I think that should be everyone’s goal, if only so that they can enjoy their old age. In my opinion, there’s nothing wrong with getting rich, provided money does not become your obsession. That is, you should have money in your head but not in your heart.

Now getting rich is easier said than done, of course. It requires effort on your part and a lot of determination, too.

Nevertheless, getting rich is also easier than it might first appear to be.

So today I offer you three ways for getting rich that are available to anyone and everyone, and they will all help you to achieve financial freedom.

Getting Rich:

1. Solve problems for people:

Working for someone else may make you a living, but having your own business can make you a fortune. The only way most people can become seriously rich is by setting up a business of their own. It can be done, and people do, very successfully, and you can do it too.

Essentially, business is all about solving problems for people in exchange for money.

Businesses create products that solve problems for customers. The customer buys the product, and the business makes money. You need to ensure that your revenues exceed your overheads, but in essence, business is that simple.

If you want to make money in business, look for problems to be solved, and there you’ll find commercial opportunities.

One person’s problem is another person’s business opportunity.

However, do make sure that every product you offer solves a problem for your customers.

That means understanding the needs and wants of your target customers and always asking the question, “What problem will this product solve for my customers?”

2. Risk leads to reward:

If you want to make serious money, you cannot avoid an element of risk. That’s a fact of business life.

Entrepreneurs have to be risk-takers by definition.

However, that doesn’t mean you take crazy risks. It means taking calculated risks by doing your homework, proper planning and market research, and using your business skills to weigh up the pros and cons of every opportunity.

Risk is simply the probability of you getting an outcome you don’t want.

However, it’s a fact that risk and reward go hand in hand. The greater the reward on offer, the greater the risk you must potentially take to achieve it.

Your attitude to risk is important here.

If a given risk makes you very uncomfortable, then it’s probably not worth taking. It will just lead to too much stress for you. Some people can live with huge risks, while others cannot cope with that much pressure.

Either way, it doesn’t matter. If you can’t cope with significant risks, then avoid them. Just look for something with lower risk and with which you can manage. Even small risks can lead to great riches.

Remember, we all need a mix of certainty and uncertainty in our lives. Business requires you to live with the latter, at least to some degree.

3. The magic of compounding:

Once you’ve made some money, you must put it to work for you if getting rich is your aim.

And putting money to work is all about taking advantage of the magic of compounding.

Compound interest can have a powerful effect on your money.

For instance, if you invest $1,000 at 2% for 10 years with annual interest reinvested, it will be worth $1,219 at maturity.

However, if you invest the same $1,000 over the same period at 10%, then you will earn $2,594, assuming annual interest is reinvested. That’s over a 100% difference over the 10-year period.

Over 20 years at 10%, your $1,000 would have turned into $6,727, assuming annual interest had been reinvested.

So remember, the interest rate and the longevity of your investment both matter if you’re trying to build a capital sum.

So if getting rich is your aim, then start by investing as early as you can, be disciplined, and make regular contributions to build that nest egg.

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I appreciate your support. Thank you.

How to Make Money Online for Beginners

05/27/2025 by Roy Sutton

If you’re wondering “How to Make Money Online for Beginners,” then read on.

Making money online has become easier than ever. There are many ways to earn extra cash from home, even if you’re a beginner.

You can start making money online by freelancing, taking surveys, selling items, or creating content.

These options don’t need special skills or big investments.

Freelancing is a great way to use your talents. You can write, design, or code for clients. Taking online surveys is simple and quick. Selling stuff you don’t need anymore can bring in some cash. Creating content like blogs or videos can lead to income over time.

The key is to pick something that fits your skills and interests. Start small and learn as you go. With practice and effort, your online income can grow.

Key Takeaways

Online money-making options include freelancing, surveys, selling items, and content creation
Choose a method that matches your skills and interests for the best results
Start with small, achievable goals and gradually build your online income over time

DISCLAIMER: This article presents money-making ideas which many other people have exploited successfully. However, there are no guarantees in life and you must do your due diligence on any specific idea before you make any significant commitment to it. Money can be made online, and plenty of people do, but you must proceed in a professional and business-like manner

Understanding Online Monetization

Making money online involves different ways to earn income through internet-based activities. It can be done part-time or full-time, with various methods suited for beginners.

Basic Concepts of Online Income

Online income comes from digital transactions where people pay for goods, services, or content over the internet. It often starts with building an online presence through a website, social media, or digital platforms.

Key elements include:

Digital products (e.g. ebooks, courses)
Services (e.g. freelancing, consulting)
Advertising revenue
Affiliate marketing

Beginners can start by selling items they no longer need on online marketplaces. This helps learn the basics of online transactions and customer service.

Popular Online Business Models

Several business models have proven successful for earning money online. These range from simple to more complex strategies.

E-commerce: Selling physical or digital products through online stores.
Print-on-demand: Creating custom designs for products like t-shirts or mugs.
Freelancing: Offering skills like writing, design, or programming.
Content creation: Making money through blogs, YouTube videos, or podcasts.
Online coaching: Providing expertise in a specific field.

Beginners often start with freelancing or content creation as these require little upfront investment. As skills grow, many move to more advanced models like e-commerce or creating digital products.

Setting Up Your Foundation

A strong foundation is key for making money online. Pick the right platform and build a solid online presence to set yourself up for success.

Choosing the Right Platform

Selecting the best platform is crucial. Many beginners start with popular sites like Fiverr for freelance work. These platforms connect you with clients looking for your skills.

Social media can also be a great starting point. Instagram and TikTok are perfect for visual content creators. LinkedIn works well for professional services.

For selling products, consider marketplaces like Etsy or Amazon. They provide built-in audiences and easy setup.

Your own website gives you full control. WordPress is user-friendly for beginners. Shopify works well for online stores.

Building Your Online Presence

A strong online presence helps you stand out. Start by creating professional profiles on chosen platforms. Use clear, high-quality photos and write an engaging bio.

Consistency is key. Post regularly to keep your audience engaged. Share valuable content related to your niche.

Interact with others in your field. Comment on posts, join online communities, and network virtually.

Consider starting a blog or YouTube channel. This shows your expertise and builds trust with potential clients or customers.

Use social media to promote your services or products. Share behind-the-scenes content to connect with your audience.

Content Creation and Monetization

Making money online often involves creating and sharing valuable content. This can take many forms, from written articles to videos and audio recordings. The key is to produce high-quality material that appeals to a specific audience.

Starting a Blog

Blogging is a popular way to make money online. To start, choose a niche that interests you and has potential for profit. Pick a catchy name for your blog and set it up using a platform like WordPress or Squarespace.

Write helpful, engaging posts regularly. Focus on topics your readers care about. Use keywords to help people find your content through search engines.

To make money from your blog, try these methods:

Place ads on your site
Write sponsored posts for brands
Offer digital products like ebooks or courses
Use affiliate links to earn commissions

Build an email list to stay connected with your readers. This can help you promote products and services later on.

Creating a YouTube Channel

YouTube offers a platform to share video content and earn money. Pick a topic you’re passionate about and start making videos. Use good lighting and audio to ensure quality.

Consistency is key. Post new videos on a regular schedule. Engage with your viewers by responding to comments and asking for feedback.

To monetize your channel:

Join the YouTube Partner Program
Use affiliate marketing in your video descriptions
Get sponsorships from brands
Sell merchandise to your fans

Remember to follow YouTube’s guidelines to keep your channel in good standing.

Podcasting Essentials

Podcasts are audio shows that listeners can download and enjoy anytime. To start, choose a topic you can talk about for many episodes. Get a good microphone and recording software to ensure clear sound.

Plan your episodes in advance. Write outlines to stay on track while recording. Edit your audio to remove mistakes and add intro music.

Monetize your podcast through:

Sponsorships from companies
Listener donations via platforms like Patreon
Selling your own products or services
Offering exclusive content for paying subscribers

Promote your podcast on social media and other platforms to grow your audience. The more listeners you have, the more money-making opportunities you’ll find.

E-commerce and Selling Online

Selling products online can be a great way to make money. There are several methods to get started, from setting up your own store to using existing platforms. Let’s explore some popular options.

Launching an Online Store

Starting an online store is easier than ever. Pick a platform like Shopify or WooCommerce to build your website. Choose products that match your interests and target audience.

Create eye-catching product pages with clear descriptions and high-quality photos. Set competitive prices and offer various payment options.

Promote your store through social media and email marketing. Consider running ads to reach more potential customers.

Don’t forget about customer service. Respond quickly to inquiries and handle issues promptly to build trust and loyalty.

Utilizing Dropshipping

Dropshipping lets you sell products without holding inventory. When a customer places an order, the supplier ships it directly to them.

To start, choose a niche and find reliable suppliers. Popular products include clothing, accessories, and home decor.

Set up your online store and add products. Adjust prices to ensure a profit margin.

Focus on marketing to drive traffic to your site. Use social media, content marketing, and paid ads to reach potential customers.

Be transparent about shipping times and handle customer service professionally to maintain a good reputation.

Exploring Print on Demand

Print on demand is great for selling custom designs on products like t-shirts, mugs, and posters.

Create unique designs or hire a designer. Choose a print-on-demand service like Printful or Printify.

Set up your online store and connect it to the print-on-demand service. Upload your designs and set prices.

Market your products on social media platforms like Instagram and Pinterest. Show off your designs and engage with potential customers.

Consider offering limited-edition designs or collaborating with artists to keep your product line fresh and exciting.

Freelancing and Service-Based Earnings

Freelancing offers beginners a flexible way to earn money online using their skills. It allows people to work on projects they enjoy while building a client base.

Offering Freelance Services

Beginners can start by identifying their strengths. Writing, graphic design, and programming are popular freelance skills. Web development and virtual assistance also have high demand.

Freelancers should create a list of services they can offer. For example, a writer might offer blog posts, product descriptions, and social media content. Setting competitive rates is key. New freelancers often start lower to attract clients.

It’s important to deliver quality work on time. This helps build a good reputation. Happy clients often lead to repeat business and referrals.

Joining Freelance Marketplaces

Upwork, Fiverr, and TaskRabbit are popular platforms for finding freelance work. These sites connect freelancers with clients worldwide.

To get started:

Create a detailed profile
Showcase relevant skills
Set up a professional photo
Write a compelling bio

Beginners should apply to many jobs at first. This increases the chances of landing work. It’s okay to start with smaller projects to build experience.

Reading client reviews and job descriptions carefully helps avoid scams. Freelancers should only take on projects they can complete well.

Portfolio Building Tips

A strong portfolio shows potential clients what a freelancer can do. It should highlight their best work.

Tips for creating an effective portfolio:

Choose 5-10 top projects
Include a variety of work samples
Write brief descriptions for each project
Update regularly with new work

For beginners without client work, creating sample projects can help. A writer might draft blog posts on topics they enjoy. A designer could create mock logos for imaginary companies.

Freelance copywriters can earn between $19 and $45 per hour on platforms like Upwork. Rates may vary based on experience and project type.

Affiliate Marketing

Affiliate marketing is a popular way to make money online. It lets you earn commissions by promoting other people’s products. This method works well for beginners and experts alike.

Starting with Affiliate Marketing

Affiliate marketing is easy to start. You don’t need your own products or services. Pick a niche you like and know about. This could be fitness, tech, or cooking. Research your chosen niche to find out what people want.

Next, create a website or blog. This is where you’ll share info and product links. Use a simple platform like WordPress to build your site. Make sure it looks good and works well on phones.

Learn about SEO to help people find your site. Write helpful content that answers questions in your niche. This builds trust with your readers.

Finding Affiliate Programs

Many companies offer affiliate programs. Amazon Associates is a good place to start. They have lots of products to promote. Look for programs in your niche too.

Affiliate networks like ShareASale and CJ Affiliate have many options. They connect you with brands looking for promoters. Sign up for free and browse their offers.

Check the commission rates before joining a program. Some pay per sale, others per lead or click. Pick programs with fair rates and good reputations. Read the terms carefully to know what’s expected.

Promotion Strategies

Create helpful content to promote affiliate products. Write reviews, how-to guides, and comparison posts. Be honest about the pros and cons of each item.

Use social media to share your content. Build a following on platforms where your audience hangs out. Pinterest works well for visual products. Twitter is good for quick tips and links.

Try email marketing to connect with your readers. Build a list of subscribers who trust your advice. Send them useful info and product recommendations.

Make your affiliate links clear. Tell readers when a link earns you money. This builds trust and follows rules. Use eye-catching buttons or banners for important links.

Track your results to see what works best. Try different strategies and improve over time. With patience and effort, affiliate marketing can become a steady income source.

Online Courses and Digital Products

Creating and selling digital products can be a great way to make money online. This method lets you share your knowledge and skills with others while earning income.

Creating and Selling Online Courses

Online courses are a popular way to teach others and make money. Pick a topic you know well and break it into lessons. Use video, text, and quizzes to help students learn.

Platforms like Teachable make it easy to set up and sell courses. You can also use sites like Udemy or Coursera to reach more students.

Think about what people want to learn. Popular topics include:

Cooking and baking
Fitness and health
Languages
Tech skills
Business and marketing

Make sure your course gives real value. Happy students may tell others, helping you sell more.

Designing Digital Products

Digital products are items people can download or use online. They’re easy to create and don’t need shipping.

Some digital product ideas:

E-books
Templates (for websites, resumes, etc.)
Printable planners or worksheets
Stock photos
Music or sound effects

Choose products that fit your skills and interests. Make them look good and work well. Quality matters!

Marketing Your Digital Products

Getting the word out is key to selling your products. Use social media to share tips and show your expertise. This can help people trust you and want to buy from you.

Start an email list to tell people about new products. Give away some free stuff to get people interested.

Ask happy customers for reviews. Good reviews can help others decide to buy. You can also team up with other creators to reach more people.

Remember, selling takes time. Keep improving your products and marketing. With effort, you can build a steady income from digital products.

Investing in Stocks and Cryptocurrencies

Investing in stocks and cryptocurrencies can be a way to grow wealth over time. These markets offer different opportunities and risks for beginners looking to make money online.

Stock Market Basics

The stock market allows people to buy shares of public companies. To start, open an account with a brokerage firm. Many offer free trades and educational resources.

Research companies before investing. Look at their financial reports, growth potential, and industry trends. Diversify by investing in different sectors to spread risk.

Consider low-cost index funds for beginners. These track broad market indexes and offer built-in diversification. Start with small amounts to learn the ropes.

Set a budget for investing. Never invest more than you can afford to lose. Be patient and think long-term. The stock market has historically grown over time despite short-term ups and downs.

Cryptocurrency Fundamentals

Cryptocurrencies are digital assets that use blockchain technology. Bitcoin and Ethereum are popular choices for beginners. To buy cryptocurrency, create an account on a reputable exchange.

Crypto is highly volatile. Prices can swing wildly in short periods. Only invest what you’re willing to lose. Research projects thoroughly before buying.

Store crypto securely in a digital wallet. Choose between hot wallets (connected to the internet) and cold wallets (offline storage). Use strong passwords and two-factor authentication.

Stay informed about regulations. Crypto laws vary by country and change often. Be aware of tax implications when buying, selling, or trading digital assets.

Making money online has many options for beginners. There are ways to earn without investment and methods for regular income. Students can find opportunities too. Some strategies can even help you make $100 or more per day.

What are some beginner-friendly ways to earn money online from home?

Beginners can start with online surveys to earn small amounts. Another easy option is selling unused items on platforms like eBay or Facebook Marketplace.

Freelancing is great for those with skills in writing, design, or programming. Platforms like Fiverr connect freelancers with clients looking for various services.

Can you make money online without any initial investment?

Yes, it’s possible to earn money online without spending anything upfront. Freelancing platforms often let users join for free.

People can also start a blog using free platforms or offer services like virtual assistance without any initial costs.

What are some legitimate methods for making regular income online?

Affiliate marketing is a popular way to earn consistent income. Bloggers and content creators can promote products and earn commissions on sales.

Creating and selling digital products like ebooks or courses can provide ongoing revenue. Subscription-based services or membership sites can also offer steady monthly income.

Are there any secret platforms that are effective for online earning?

There aren’t any secret platforms. Most effective ways to earn online are well-known. The key is finding the right method that fits one’s skills and interests.

Popular platforms like Upwork, Etsy, and YouTube are widely used but still offer good earning potential for those who put in the effort.

How can students make income through online activities?

Students can tutor or teach English online. Many platforms cater specifically to student tutors.

They can also do freelance work like writing, graphic design, or social media management. This allows for flexible hours around their studies.

What are some strategies for earning $100 or more daily on the internet?

To earn $100+ daily, people need to focus on high-value skills or services. Web development, copywriting, or consulting can command higher rates.

Creating and selling online courses or digital products can also lead to significant daily earnings once established.

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What is grit and why is it important?

05/16/2025 by Roy Sutton Leave a Comment

What is grit? I’ve heard this word a lot recently. And of course, the obvious supplementary question is, why is it important?

I’m referring to a term used in psychology to represent a positive, non-cognitive personality trait based on an individual’s perseverance of effort combined with the passion for a particular goal and a powerful motivation to achieve it. Allow me to explain.

What is grit?

Have you ever noticed that the smartest people are not always the most successful? Success can be defined in different ways, but for most people, their measure would usually revolve around money and prestige.

If we take money as the measure of success, then you’d think the smartest people would easily come out on top of that score, surely? Yet you’d be wrong.

We hear stories frequently about college professors who struggle financially, while at the same time, tradesmen like bricklayers and plumbers become millionaires. How can that be?

Surely the smartest people have a natural advantage? Well, no, they don’t.

The people with the real, innate advantage are those with this quality known as grit.

So, exactly what is grit?

It is an inner steeliness. It is courage and resolve. It is a strength of character. It is drive and desire. It is passion and motivation.

It is a willingness to persevere until the desired result is achieved. It is a determination to achieve a goal and a willingness to take calculated risks.

It is a fact that doing well in life depends on much more than academic ability and your capacity to learn quickly and easily.

Having those qualities is useful, of course, but in the absence of grit, you’d still be at a disadvantage.

Someone of average academic ability but with a shedload of grit will be better placed to achieve real success in life.

People with grit intuitively recognize that life is a marathon, not a sprint.

They’re willing to experience failure because they know that failure is a temporary outcome, not a permanent position. And they’re willing to fail and then start over using the lessons they’ve learned from the experience.

So what’s the key to success? It’s the need to get grittier!

Angela Lee Duckworth makes this point admirably in this excellent TEDxTalk video, and it’s well worth a few minutes of your time. It’s an interesting video, and I think she nails the point perfectly.

That’s what I think, but what is your opinion?

Could there be such an easy answer, or is it all much more complicated? I’d be interested to hear your views.

Grit: The power of passion and perseverance:

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What is grit? What is grit? What is grit?

Filed Under: Self-Help Tagged With: Achievement, being the best, Inspiration, Life, Making Money, money, Motivation, Philosophy, Sage Advice, Stress-free, Success, Wealth, Wisdom

How to become rich through your work

04/07/2025 by Roy Sutton

How to become rich through your work? This is a question many people ask. Some people get rich, but somehow you don’t, dear reader. Would that be true? Why? You work hard, but you’ve got very little to show for it, right?

How is it that other people succeed and get rich, but you never seem to make any progress at all?

Perhaps the question you’ve been asking yourself is, what’s the real link between working hard and getting rich?

Well, give me a couple of minutes of your time, dear reader, and I’ll tell you what I’ve learned about work over the years and how it’s linked to the generation of real wealth.

How to become rich:

What is work?

First off, as I’ve said many times before:

Work is simply doing stuff for other people in return for money

If you enjoy your work and it comes naturally to you, then you’ll do it well. If you do it well, then people will notice. And once people start to notice, then increasingly you’ll be in demand.

The greater the demand for your services, the more you’ll get paid. In short, your value will increase.

If you truly enjoy your work and it becomes your passion, then it won’t seem like work at all.

However, if you work for a single employer, then essentially you’re trading your time for money, regardless of whether you enjoy your work or otherwise.

Even if you work for multiple employers one at a time, the effect is the same. You’re simply trading your time for money. It cannot be scalable because, as an individual, there’s only so much you can do in a given period.

There’s nothing wrong with trading your time for money, of course, and it’s the way that most people earn a living. However, you’re unlikely to get seriously rich that way.

Working for an employer will certainly make you a living, of course, but unless you work on Wall Street or in the City of London, that’s about all.

Serving the many:

To earn serious money, you need to be doing stuff for many people simultaneously. The more people you can serve simultaneously, the more money you can make.

The obvious question in your mind now will be, how’s that done?

Well, creative people serve many people simultaneously, don’t they?

For instance, if you write a bestselling book, record a bestselling song, or produce a bestselling DVD, these would all add value to the lives of many people simultaneously.

When people buy a book, a song, or a DVD in their millions, then, if you’re the creator, you can make millions of dollars in the process. Just ask JK Rowling, Paul McCartney, or Ricky Gervais. They’ve all become rich through their creative work.

Then again, not everyone can write, sing, or perform. Perhaps you’re a designer?

Suppose you design furniture, say a chair perhaps?

You produce a fabulous design and offer it to a furniture manufacturer. They really like it, and they want to use it, but you hold the intellectual property rights (IPR) because it’s your design. So the manufacturer must pay you a royalty when the design is used for every unit sold.

If that chair becomes very popular and sells in the millions, your ongoing royalty payments can add up to something quite substantial. Replicate that with many designs, and you could get very rich indeed.

In this case, the example is furniture, but the same would apply if you designed anything. For instance, the man who designed the retroreflective safety device known as cat’s eyes in Britain got very rich through his design. Fashion design is another area where serious money can be made from your designs if they become popular.

The value of the IPR:

The trick with creative work is to understand the law around copyright and intellectual property rights (IPR) and make sure you’re rewarded for your work through royalties.

The advantage of creative work is that the series of royalty payments can have a very long tail. Your work can be the gift that keeps on giving for years and years.

Take a song like Imagine by John Lennon.

John Lennon wrote that song around 1971, but we still hear it regularly on the radio and television to this day. So despite the fact that it’s been over 40 years since Lennon’s tragic death, the song still earns money for his estate, i.e. his family. Now that’s a real legacy for them.

Build your own business:

Starting a business and selling products by the thousand is another way to serve many people simultaneously.

If your business can produce products that provide your customers with genuine solutions to their problems, then there is serious money to be made. Problems are an opportunity to make money if you can offer suitable solutions.

Your business will employ people who are trading their time for money, but through your business, you’ll be serving the many simultaneously, and you can enrich yourself in the process.

The message here:

The takeaway message for you today:

If you work one-to-one, you’ll make a living, but if you can work one-to-many, you’ll make a fortune

Whether it’s becoming a creative person, a performing artist, or starting a business, serving the many is the real route to riches.

It’s not easy, of course, but it can be done, and people do. With a little self-belief and a lot of hard work, you can too.

So when are you going to get started?

Go on, have a go! Serve the many, not the few.

REMEMBER: It’s better to try and fail than to spend your life wondering what might have been.

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Why your personal philosophy for life really matters

03/23/2025 by Roy Sutton

Let’s talk about philosophy for life and what it matters.

An article relating to philosophy sounds like it might prove to be a little heavy, doesn’t it, dear reader? You might think I’ll be debating the merits of Plato, Socrates, and other thought-leading philosophers. Not today, that’s for sure. My aim today is to consider the idea of your personal philosophy for life and why it matters.

Personal philosophy explained:

What do I mean by ‘your personal philosophy‘?

In this case, I’m not referring to the fundamental nature of knowledge, reality and existence, and philosophical thinkers, past and present.

By philosophy, I’m referring to your mindset, whether it’s positive or negative, and how you choose to see the world around you.

I believe personal philosophy really does matter.

I think how you choose to look at life and the world around you will influence your life experiences to a greater degree than you might expect. It’ll also influence how happy you’ll be.

A simple philosophy:

My own personal philosophy for life is simple.

Firstly I accept the world around me is the world around me. It is what it is. Stuff happens and I have little or no control over most of what happens. That’s just life.

Politicians will come and politicians will go. They’ll promise much but deliver very little, usually.

Philosophically I accept that which I cannot influence directly. I see little point in worrying about any of it. Why worry about stuff you can’t change?

In my experience, people will always look after their own interests first.

That’s fair enough if you think about it because why would they do otherwise? If people don’t look after their own interests then no one else will that’s for sure.

The underlying point here is that most of what’s happening around us is all just noise really. All we can do is work around it.

And basically, that’s what I try to do.

Work on improving what you have to offer:

I focus on my own interests and those of my family and I always do my best to protect what’s mine.

My family will always come first and I will do anything for them. Well, anything that’s legal, at least.

To do the best for my family I recognise that I have to be the best that I can be. To have skills and knowledge that will allow me to add as much value to my work as I possibly can.

So I take personal development seriously. That way the more value I can add the greater will be my income.

I’m a reader and a keen learner and I’m constantly working to add to my skill set and knowledge. Learning for me is a lifelong process, it never stops, and I will keep learning until I no longer have the energy to pick up a book.

Learning is an investment in yourself.

I believe that the better-informed you are then the better prepared you’ll be to excel in your chosen field of work. You’ll also be better prepared to seize any opportunities that come your way too.

Income comes from serving other people:

Let’s face it, dear reader, work is just doing stuff for other people in exchange for money. Through our work, we serve other people.

We work to generate income. And we generate income to put bread on the table and a roof over ourselves and the heads of our loved ones.

While work gives us a sense of purpose and adds value to our lives, we should not live just to work. The idea should be to work to live. Well, I think so anyway.

Become financially independent:

We must work hard when we’re at work, of course, but we must enjoy life with the family as much as possible too. As they say, where I come from, we’ll be a long time dead.

My aim in life is to be financially independent with multiple income streams.

With multiple income streams, there’s a reduced risk of not having any income at all. Not having all your eggs in one basket makes a lot of sense to me.

Master the game of life:

Essentially, I see life as a game. And I aim to become a master of the game of life.

We must look after our own interests because no one else will.

We must be prepared to be ruthless when necessary. By that, I don’t mean being nasty or mean to people. However, if you don’t push hard sometimes, chances are you’ll lose out to those who are willing to make good use of their elbows.

My point is that we can’t afford to be overly sentimental, and on occasions, in making the right decisions for us it may prove to be less favourable for someone else.

If that happens, that’s life, I’m afraid. We must make decisions that are right for us.

Never lose sight of your own interests:

Sometimes you really have got to be prepared to use your elbows if you’re going to grab your fair share of life’s pie. Don’t be too willing to let other people go first. You might find there’s nothing left for you.

As always there’s a balance to be struck of course but never lose sight of your own interests and never do anything which works against your own interests.

There is no utopian place where all’s well and the sun shines every day. Life’s life. Some of it’s good and some of it’s not quite so good.

However in the end it’s what we make of it that counts. We get out what we put in. There’s no free ride for anyone. On Spaceship Earth we’re all crew.

Don’t let life steal your joy:

All you can do with life is deal with it as best you can.

Enjoy the summers but make sure you’re prepared for the winters too. There will always be winters. Winters always follow summers, so be prepared.

Enjoy the good times and when life gets difficult all you can do is take it on the chin and move on.

Worrying about anything you cannot control just steals your joy and spoils your day.

Life’s too short.

Do what you can, with what you have, where you are and most of all enjoy every minute because the years all go by in the blink of an eye. So don’t die before you’ve lived.

And always make time for friends and loved ones. Without them, you have nothing at all.

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Thank you.

8 Top Business Tips for Success Today

03/16/2025 by Roy Sutton

Business tips for success:

I read an article recently about a guy with a college degree who was disillusioned because he couldn’t find a job. At least not one that met his expectations relative to the type of job and income he felt his degree merited.

Well, it’s a tough world out there, as I’m sure you know only too well, dear reader. Despite what some people may think, the world doesn’t owe us a living. The world owes us nothing, and it’s down to us to make a life for ourselves.

Work is just doing stuff for other people in return for money and there will always be people with stuff that needs doing. So rather than seeking a job, perhaps we’d all be better off if we focused on seeking customers for services we could provide.

That’s at the heart of what business is all about, providing people with solutions to their problems for profit, and there’s much to be said for becoming an entrepreneur.

So today let’s explore some business tips for success, for all those wannabe entrepreneurs.

The advantages of self-employment:

There are many advantages to being self-employed.

For instance, not having to deal with office politics is a big advantage.

And of course, being the beneficiary of all of the proceeds of your hard work is another good reason.

Instead of making a lot of money for other people, you could be making it all for yourself. The harder you work, the more you make for yourself too.

Unless you’re a lawyer or an investment banker, the chances are the only way you’ll ever make serious money is through building your own business. Building a business that, perhaps, you’ll be able to sell for a lot of money one day.

However, remember this; you might think that if you’re self-employed then you’re your own boss. Well, that’s not true. The customer is the boss, always.

Serve customers badly and you won’t be serving them for very long, that’s for sure.

The first rule of business is that you must know your customer.

You must gain a deep understanding of the products, services, and marketing that will appeal to your target customer.

One size will not fit all and each market will require a different approach.

Now going into business is not for the faint-hearted. You must be prepared to work very hard, at least in the early days, when you’re trying to establish your business.

However, if you can provide your target customers with real solutions to real problems then you can make serious money.

If someone else is already offering a solution to the target problem, then your solution must be better or cheaper than theirs in some way, if it is to sell.

Creating great products and offering great customer service is the route to business success.

However, never forget your reputation and image. These things matter too.

Make sure you create an image that will appeal to as wide an audience as possible. Running your own business will be a challenge but it can also be extremely rewarding, both financially and in terms of a sense of achievement.

Remember also that running a small business is not a whole lot different to running a large business. The only real difference is one of scale. The key issues are always the same.

So here are some top business tips for success for would-be entrepreneurs:-

Top business tips for success today:

1. Control your costs:

Of the many business tips for success I could suggest, none can be more important than keeping an eye on the money.

Money comes into your business and money goes out. It’s that simple.

However, if you fail to ensure that the former is always greater than the latter, at least for most of the time, then trouble will follow at some point, whatever the size of your business.

Big businesses might be able to weather the storm a bit longer but the consequences of expenditure consistently exceeding income will be the same. Keep losing money and eventually, your business will go bust.

Take every opportunity to maximize your revenue and always keep your costs as low as you can. And never, ever lose sight of cash flow.

Don’t spend money unless it is necessary.

Ask yourself, do I need to spend this money? What will I get in return? Can I achieve the same result at less or even no cost?

It might surprise you to learn how frequently it is possible to avoid the cost, whilst still doing all the things big businesses do.

The key message here is that you must keep an iron grip on costs and you must manage cash flow carefully.

2. Do your own market research:

Every product should solve a problem for your customer and you should have some idea of what that problem is and how your product will solve it relative to other products offered by your competition.

Just because you think you’ve got a great product, doesn’t mean customers will see it that way. Your opinion means nothing if there are not enough people willing to buy your product at the price you want to charge for it.

If your product won’t sell then potentially your business could be in trouble.

Perhaps you think you’ve spotted a gap in the market?

If it’s a genuine gap then you might be on to a winner. However, a gap in the market doesn’t always guarantee that there is a market within that gap. Maybe there’s a reason for the gap which you’ve yet to understand.

In business, the trick is to find out what people want and then offer it to them.

How do you find that out?

One very good way is simply to ask them yourself.

I’m not referring to your family and friends here. They’ll be far too polite to give you any meaningful feedback.

You must talk to real customers, if and when you have them, and potential customers.

You can conduct some of your own market research in your local shopping mall or wherever you think your target customers might congregate. And don’t be shy. Only by talking to people can you confirm whether your ideas have real potential.

So, identify some basic questions, stand there with a clipboard and just start asking people, as politely as possible.

Often people will be far more helpful than you might expect.

And don’t forget you can always use the Internet too.

Search engines like Google have keyword search tools that are free to use. These tools allow you to get a ‘rough and ready’ measure of what people are searching for and how frequently.

And don’t forget social media. Facebook, Twitter, Reddit, and Quora, for instance, can be great channels for asking questions, so you can gauge what people think.

Market research doesn’t have to be expensive. As a small business entrepreneur, it is possible to do it yourself. You don’t have to spend a lot of money on this activity, but you must do it.

Your results might not be quite as scientific as those produced by professional market research people, but they will provide you with a rough guide and that’ll probably be good enough in the first instance.

3. Advertising costs money: is there a better way?

Another of the most important business tips for success has to be visibility. I cannot stress highly enough that visibility matters, both for your business and your products. It’s crucial.

Your products might be the best in the world, but they won’t sell at all if potential customers have no idea they exist. Surely that much is obvious.

The question is, how does any business ensure that customers have visibility of its products? The obvious answer is advertising of course.

However, media advertising can be costly, and it’s a cost that new businesses often cannot afford.

One small advert in the back of a glossy magazine can cost you a lot of money and yet you have to ask yourself whether that would be money well spent.

How often do you notice the small advertisements on the back of a magazine? In my case, the answer is not very often.

With so many advertisements competing for my attention, I tend to filter them all out. I’m willing to bet that you do too dear reader.

So, if you’re not careful, money spent on advertising can be money wasted in my experience.

A better approach might be to use some creative thinking with a focus on public relations.

Smart entrepreneurs know that business is show business. It’s all about getting noticed.

For example, the entrepreneur Richard Branson is a brilliant exponent at getting media attention at little or no financial cost to his business.

It helps that he’s a likeable guy, of course, but he’s also clever and creative in his approach.

If you have an interesting back story, perhaps the local press, local radio or even television might be willing to run a story on you and your business and the products you have to offer.

Social media can be a powerful medium for gaining attention for your business too.

Social media is also a useful way of driving traffic to your company’s website, particularly Pinterest, which is an incredible tool, in my opinion.

Then there’s using search engine optimization (SEO) techniques on your website content to ensure you drive traffic to your site from the search engines.

Let’s face it, you do need to appear on the first page of a Google search if there’s to be any chance of anyone noticing you and your business through search queries. So, if you can optimize your website for SEO, then you can get enormous amounts of traffic from Google and other search engines, like Bing and Yahoo.

Make sure you offer visitors to your company website the opportunity for signing up for a regular email newsletter. And give them the incentive to sign up.

This could be a free report or perhaps a discount code for one of your products.

How about running a competition using your company’s fan page on Facebook or your company website?

The price of a smartphone or a Kindle or other desirable electronic device as a prize would be cheaper than the cost of a small advert in a glossy magazine, but it’s more likely to get noticed and it’ll probably generate a lot more excitement.

If you have a car or van, don’t forget that it can be emblazoned with your company logo, your website details and product information on the back, sides and front. Even on the roof.

It would be free advertising as you’re driving around.

Park your vehicle at a big event attended by thousands of people and you’re beginning to master the art of guerrilla marketing.

The bottom line is that creative thinking and public relations can produce powerful results in your quest for visibility at a fraction of the cost of advertising. The key message is, be creative.

4. Don’t make yourself indispensable:

The biggest mistake any entrepreneur or business manager can make is to think that every decision should be made by them.

If you’ve started a business from scratch, you tend to form an emotional bond with it. It becomes your baby and you become very protective of it.

That’s natural of course, but as the business grows you’ll have so many things to do that you couldn’t possibly do them all.

You could try, of course. However, if you try to do everything you’ll find yourself falling behind in key areas like product sourcing, sales, and keeping your accounts up to date.

Fall behind, and it becomes very hard to catch up. Potentially it is also very damaging for the business.

So you have to learn the art of delegation.

A good start would be to document every task and process within the business and then create an Operations Manual. This can include everything from the preferred method for answering the phone to completing invoices and dealing with complaints.

It can also include the degree of flexibility which you are delegating to staff, so they can get on with basic tasks allowing you to get on with those activities which are much more important for achieving business success.

No business should be dependent solely on one person.

If it is, and that person gets seriously ill or has an accident, then obviously the business would be in trouble very quickly and it would struggle.

Delegate basic activities to your staff and you can be sure that the business will continue to function even when you’re not around.

It will also give you a bit more thinking time for steering the company towards bigger and better things.

The key message here is that you must delegate. Never delude yourself into thinking that only you can do a particular task.

5. Charge sensible prices:

If you’re to earn a decent income then any list of business tips for success must stress the importance of knowing the value you can add and know your worth too.

It’s easy when you’re a small business to undervalue your products and your time. The result is that you undercharge for what you have to offer.

This is particularly true when professionals are selling their expertise and time based on a consultancy arrangement.

It’s common for first-timers to lack the confidence to charge what they might perceive to be a high rate for their services.

The problem is that selling things cheaply can be counter-productive because customers then think they’re getting an inferior product or service and can be put off.

It is a fact that price can often be used as a proxy measure for quality when your business is being judged.

You have to be very business-like when considering the pricing of your products and services.

So look at what your competitors are charging and then analyse where you think your products and services fit into the market.

If you struggle with that idea, then you can always seek guidance from someone else, like a fellow business owner or your accountant.

However, you must always remember that you must believe in your products and services. If you don’t, then why should anyone else?

You must project confidence.

If you don’t have the courage of your convictions, then the chances are that your business will never succeed.

Believe in yourself and charge what you’re worth. Sell yourself based on the value you bring and the value you can add.

6. Make the best use of technology:

Sometimes small business owners think that because they are small they can only act in a small way. However, that can be a mistake.

Don’t be afraid to invest in your business. For instance, investing in up-to-date technology like the right phone system and websites, doesn’t have to be expensive but they can be the difference between a customer contacting you or not.

These days no business, large or small, can operate without a website.

And that website needs to be as user-friendly as it possibly can be.

Make sure your website provides customers and potential customers with the opportunity to sign up for a regular email newsletter. And as suggested earlier, offer them an incentive so they do sign up.

Ensure also that your telephone system allows customers to reach you at their first attempt. Certainly, customers won’t make too many attempts to call you before they’ll simply go elsewhere.

If you don’t know how to do all this yourself, then go on a course or seek guidance from someone with the right expertise.

Good communications will pay handsome dividends over time.

7. Set goals:

Another in this list of business tips for success, that I want to stress here, is the importance of goal-setting.

You have to know what it is you’re trying to achieve if you’re to have any chance of successfully achieving it.

Never set your sights too low either. Set yourself a challenge and then put all your energy into achieving it.

Once you’ve set a goal then you need to establish a plan as to how it is going to be achieved.

For instance, if your goal is to achieve a certain level of turnover over the next year, you have to break that down into the small steps you will need to take for it to be achieved.

How many sales will you need to achieve each day, each week, and each month?

What implications will those sales targets have for production?

Do you have enough sales staff to generate that amount of business?

And so on.

Always create a plan and review it regularly, making adjustments as and when necessary.

8. If you got a great idea, then do something with it:

How many great ideas never see the light of day because the person with the idea fails to do anything about it?

And how many times does someone with an idea see someone else come along with the same idea and beat them to market?

Let me give you an example. Two years ago I thought up a great idea for a tee shirt slogan. However, I was busy and so in the end I didn’t do anything about it. Fast forward two years, and the other day I noticed one of the best-selling teeshirts on Amazon was one bearing the slogan that I’d thought up.

Someone else had the idea too, but they did something about it. And they’re now benefitting from the income generated. From my standpoint, a great opportunity was missed.

Procrastination stops many entrepreneurs from cashing in on a great idea. Don’t let this be you.

If you’re waiting for the perfect time to do anything, you will be waiting for the rest of your life. Now is always the perfect time to start.

Don’t wait until you think the economy will be better or your children have left home or some other arbitrary barrier.

The right time to start your business is right now.

So go for it. Yes, you’ll make mistakes. You won’t get everything right the first time. You won’t become an instant millionaire either.

However, by getting started you’ll be heading in the right direction and you’ll learn along the way.

Hard work combined with implementing good ideas will get you there eventually.

Concluding Remarks:

I hope these business tips for success prove useful to you, dear reader.

However please note, this blog post was not intended to be a comprehensive guide for entrepreneurs.

You’ll find many excellent books on the subject and I recommend that you make a point of reading as many of them as you can because educating yourself is always a good idea.

It doesn’t have to be formal education. Self-education can be just as good in practice. And then, of course, you can start creating your list of business tips for success.

And the best form of education, in my experience, is to learn by doing. You will make mistakes but the lessons learned from those mistakes will be far more valuable to you than anything anyone can teach you in a classroom.

Being an entrepreneur can be a roller coaster ride but it can be a fantastic and enriching experience too. So if it appeals to you, go for it.

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Thank you for your support, dear reader.

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Key Takeaways

Understanding Online Monetization

Basic Concepts of Online Income

Popular Online Business Models

Setting Up Your Foundation

Choosing the Right Platform

Building Your Online Presence

Content Creation and Monetization

Starting a Blog

Creating a YouTube Channel

Podcasting Essentials

E-commerce and Selling Online

Launching an Online Store

Utilizing Dropshipping

Exploring Print on Demand

Freelancing and Service-Based Earnings

Offering Freelance Services

Joining Freelance Marketplaces

Portfolio Building Tips

Affiliate Marketing

Starting with Affiliate Marketing

Finding Affiliate Programs

Promotion Strategies

Online Courses and Digital Products

Creating and Selling Online Courses

Designing Digital Products

Marketing Your Digital Products

Investing in Stocks and Cryptocurrencies

Stock Market Basics

Cryptocurrency Fundamentals

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