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How to Generate Money Making Ideas for Business

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How to Generate Money Making Ideas for Business 1

How to Generate Money Making Ideas for Business 2
Money making idea


Making Business Ideas:

Thinking about money? Sure, almost everyone loves the alluring smell of freshly minted notes but one question arises as an afterthought; how can I make money? Moralists will argue that it’s inappropriate to think of money-making ideas that are not accepted by the law even when your mind is completely bogged down by the urgency of a financial need and the frustration of not having money falls on your lap.

However, it is more realistic that in the process of honing your moneymaking ideas, don’t wait till you are broke, out of job, or experiencing unexpected financial setback like salary reduction, income delay, significant loss of investment etc.

You have nothing to lose, if right now, you open your mind to all the possible means of making money; jot them down, sift through and get rid of ideas you consider unorthodox like selling babies for cash! A business considered to be lawful today may become unlawful tomorrow while a business idea not accepted by the law today may become legal tomorrow! Ask the guys in the stem cell business.

When do you develop a money-making idea? check Legit ways to make money online without investment 

You can make it a routine to think of a money-making idea everyday of the year! The current formal educational system is considered inadequate because it does not mandate you to have one or more money-making ideas, if this perceived gap is addressed, every individual will realize that it’s a personal responsibility to develop business ideas.

     Granted, we have tolerated the norm for so long but for how long shall we continue with this; go to school, acquire knowledge and skills, get jobs, and exhaust most of our lives and energy in the service of employers? Employers, in some instances, recruit some of us fresh out of school and keep you in service for long period till you are nearly ‘functionally unserviceable’ to do anything profitable after the service years.

 Definitely, some employees will get sacked, retrenched or made redundant by automation of employer’s operations. Surprisingly, most of the employees who get disengaged, rather than create or find a business idea to execute.

Writing Business Plan For Your Money-Making Idea: 

How to Generate Money Making Ideas for Business 3
Writing your ideas


Now that you have at least a business idea, I usher you to the stage of writing business plan. The business plan is not a mere academic exercise required in business, it’s actually the “manual” of the business which contains the objectives and important details about the operation and finance of the business.

Writing your business plan presents an opportunity to creatively think ahead and carefully plan for the first few years of the business. You can use the business plan to apply for loans and as a tool for setting, monitoring and meeting business goal.

Although, there’s no set format, a good business plan typically contains:

     • Cover Page – Identifies your business.
     • Table of Contents – Organizes information for the reader.
     • Executive Summary – Provides a “big picture” or view of the plan, highlighting the factors that will lead to success.
     • Business Background – If it is a brand-new business, include your background qualification and skills.
     • Marketing Plan– Relates the business’s marketing strategy(leveraging on the advantage your products/services have over your competitors).
     • Action Plan– Summarizes how you will create and deliver your product or service.
     • Financial Statements and Projections -Illustrates how the business will perform financially based on the plan’s assumptions.
     
Technically, business plans can be divided into three sections;

     • A concise narrative section
     • A financial report
     • Appendix

The first section will outline the nature of the business and the marketing plan. This will include a description of products and/or services.

Funding Your Money-Making Ideas: Check this How to start a Blog Business

Without capital, your beautiful business plans may not be carried to completion except if you desire to sell your idea for cash or exchange it for a small holding in the business arising from your idea.

Access to capital and credit is required in starting or growing a successful business. Millions of people all over the world receive loans or grants to start or expand their businesses. You too can raise the capital and this requires knowing the different sources of finance to get the money you need to fund your business ideas.
You can make a choice from the following sources of finance: also check this How much of your income should you save

   •    Personal savings can be used for takeoff.
   •    Money can be borrowed from relations and friends where possible.
   •    Seek out an “angel investor” among your acquaintances or philanthropists. You can register with websites which link up entrepreneurs with angel investors (e.g http://www.angelstartups.com.ng).
   •    Associations (including religious groups) you belong to, can be approached for financial assistance.
   •    Equipment leasing which provides a loan in which the lender buys and owns equipment and then rents it out to your business at a flat monthly rate for a specified period of time.
   •    Use a written contract between you as a seller and the buyer or invoice purchasing order (I.P.O) from a “ready” buyer to raise fund i.e. “tying up”.
   •    Sell personal assets which include intellectual properties and/or financial instruments such as stocks, bonds, mutual funds, note (IOUs).
   •    Obtain loan from financial institutions such as banks and any other grant agency.
   •    Product or service launch allows you to use few of your products/services for presentation to a few select people in order to get attendees to contribute to your business initiative.

Profiting From Your Money-Making Ideas:

How to Generate Money Making Ideas for Business 4
The profit times 

This is the machine that drives your business and when used correctly can be the biggest profit- making tool you can find in business. It entails identifying what the consumers want, list them out, investigate and develop the means to meet up with these demands at a profit; then create awareness so people can patronize you. Build your strategy on the four P’s of marketing regarded as:

Product: What good or service will your business offer? How is that product better than those offered by competitors? Why will people buy/want it?
Price: How much can you charge? How do you find the balance between sales volume and price to maximize income?
Promotion: How will your product or service be positioned in the marketplace? Will your product carry a premium quality image with a price to match? Will it be an inexpensive, no-frills alternative to similar offerings from other businesses? What kinds of advertising and packaging will you use?
Place: Which sales channels will you use? Will you sell by telephone or will your product be carried in retail outlets? Which channel will economically reach your market?

     Your designed marketing strategy should summarize and utilize your findings about the key target buyer description, market segments the company will compete in, the unique positioning of the company and its products compared to the competition, the reasons why it is unique or compelling to buyers etc.
     
The following tips can be used to promote your business and increase sales;

Give your business a name that can be easily memorized.
Turn your business card and invoice or receipt into sales tool.
Print stickers and affix to car bumpers, inside and outside surfaces of trains, buses, cars.
Act Now!
Jean Buridan, the 16th century French Philosopher once told the story of how a bundle of hay and a bucket of water were each put equal distance before a donkey that is hungry and thirsty but just because the animal could not decide which to choose first between the water and hay, it eventually died of thirst and hunger! Just like the donkey, one’s indecision or decision not to decide to create and profitably execute a business idea today can completely jeopardize the potential in a great business idea or create a difficulty in the way of great enterprise.

This  serves to remind you that your purpose of reading this can only be realized if you act now. Since you have decided to create and profitably execute a business idea, I will list a few steps you need to take before you start your business.

Many people want to business, the difficulty people often face is not knowing exactly where to start, or what might be a good business and the capital to get into it. 

Step 1: Personal evaluation:

Do an honest personal evaluation of yourself and your circumstances, if you don’t have personal qualities to start and run a business, you can go for training and mentorship or allow trusted and experienced business managers to set-up and handle the day-to-day management of the business without undue interference. Ask yourself the reason why you want to start a business? Is it money, freedom, creativity, or some other reason? What skills or professional certification do you have? What industries do you know about? Would you want to provide a service or a product? What do you like to do? On what projects and initiatives does your conscience inspire you? How much capital do you have to risk? Will it be a full-time or a part-time venture? Your answers to these types of questions will help you narrow your focus.

 Step 2: Consider your interest and passion:

If you will be successful, you may end up doing this business for two, five, ten or maybe even for more years. Think about what you want to do and what would make you happy.  Conversely try not to get into business areas just for the money.

If you do business in an industry where you do not want to be or have no interest in,  you may not find yourself being fulfilled. Nor find the strength to make it through difficult stages through the ice time of the business  and worst of all, your lack of true passion maybe sensed by your employees, partners, investors and your customers.

Step 3: How can you change the world:

 This  section is very important,  what you want to do and what your strength are, your business is ultimately not completely for you, it is more of your clients and customers. Always think about your client because without them no business can exist for long. Every business need customer and your job is to find something you can do to make someone life better or create some benefits to someone or something out there.

You can solve problems, entertain them, teach them something etc. Your business foes not have to focus on consumers. As long as you provide some benefit somewhere in the universe, there is a potential for a business there.

Step 4: Should you keep your idea a secret? 

How to Generate Money Making Ideas for Business 5
Discussing Your Ideae

There are many varying schools of thought on this issue.  Some people like to remain secretive about their ideas while others like to ask many people as possible as they can get more feedback.
The prons and cons are obvious, if you keep the idea a secret you will get less feedback, your only option to validate the product will be put it out in the market ( A relatively expensive step in terms of time of money)  but you do gain the benefit of less people being able to steal your idea. 
On the other hand if you tell more people you can get a broader range of opinion from which to learn and refine how you think about your idea, but a lot of people can steal your idea.

Step 5: Make sure you have a complete strategy:

Once you have a good idea and you talk to enough people about it, try to gain a sense of your complete strategy, that means taking  bigger picture view. 
For example you may have a good idea for a product but it might be difficult to market that particular product as you might have conceptualized it.

That is a big risk on the other hand it might be a good product that is easy to market, but there may not ultimately be much money In it. If there is plenty money in it, there may be very naturally be too much competition and in case you are relatively new to Entrepreneurship being in a fiercely competitive business environment is not playing your strength. Above all your goals should be to come up with a complete strategy.

Step 6: Once you have a great plan execute it:

Ultimately there is only one way to win in business, you have to execute your ideas as best as you possibly can.

Step 7: Starting on an idea before funding:

Many business idea never get funded which means you might have to grow it however, the best you can with the limited resources you Have, that is a process called BOOSTTRAPPING

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7 Comments

7 Comments

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  2. Milan Matejić

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Entrepreneurs

Successful Tips Business Owners Should Learn From Young Entreprenuer Johnmiracle Ejikeme

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Successful Tips Business Owners Should Learn From Young Entreprenuer Johnmiracle Ejikeme

Johnmiracle Ejikeme

history goes back more than 5 months.

The founding father of Mitrobe and a Active promoter of Wadtech Enterprises, a fast growing business network in Nigeria which is base in Wilberforce Island of Niger Delta University.

Even though he is not so rich as people imagine him to be. it’s rumored that he still a University students of the above University mentioned.

Also that he still buys second-hand clothes which may be true as he grew up in impoverishment and loves to live a FRUGAL lifestyle

The young business owner have successfully created a way of making money from home and also as a student, by starting is own business ranging from blogging, e-commerce, rendering services, affiliate, and others too numerous to mention.

However, he’s developed a way to display and showcase products, render services that bring a better consumer experience.

Johnmiracle Ejikeme reportedly has a technique for selling their products, services, and goods in a way that offers the consumer a great experience,

and this is a method that other businesses should implement by incorporating this in their sales plans.

Business owners will increase their revenue and consumer Platform if they follow these tips.

The additional revenue generated is the result of a “side hustle with extra revenue generated” as it opens more opportunities for growth.

Wal-Mart and Target stores are examples of this strategy in the “side hustle” ROI for companies. In their grocery food markets they sell their own brand-named foods.

How Johnmiracle Ejikeme creates a unique consumer experience?

Diversifying is key for the future of any business.

Increasing a company’s profitability is part of any business’ future.

In other words, profitability is in diversifying the business

In the case of Johnmiracle Ejikeme , many people request for his services but online and offline.

At least 30% of consumers who go to Johnmiracle Ejikeme me are there to experience quality services as and we’ll integrity and that fits well with every successfull business.

When in need of services for Advertising, marketing, business coaching or basic eCommerce, taking idea from Johnmiracle Ejikeme is recommendable.

johnmiracle Ejikeme aims of giving customers best user experience has been the key to his secret success in business.

And it was confirmed by the positive reactions from 10,000 thousand people in countries worldwide, visiting his site Mitrobe for easy tips and guide.

In fact, this concept inspired the “pop up” bloggers in INDIA including USA, Pakistan, and Nigeria.

This trend in online and offline business strategy is unique and gives an ultra-consumer experience for anyone wanting to shop and seek quality articles all in the same place.

Initially, this type of business experience proved uneffective when it began, where the users of his website and online stores originally where not used to the system.

When you blend blogging, e-commerce and public services for your business, aiming at been more resourceful and productive to the public rather than income generation, you can achieve the johnmiracle Ejikeme experience.

Johnmiracle Ejikeme blogging business Mitrobe includes guides for it users to enjoy along with their shopping experience.

The menu includes quality articles on Business management, Finance, E-commerce, Leads and Sales generation, Innovation and creating a side hustle from home.

It also covers lifestyle, motivational tips, and as well as wealth creation for it users.

How Johnmiracle Ejikeme showcases his products?

Johnmiracle Ejikeme showcases his products in a strategic way.

The Johnmiracle Ejikeme firm pays close attention to controlling the prices and the details of his product and services.

This is how Johnmiracle Ejikeme showcases its products using their successfull business strategy outreach which is the key to the company’s success.

Johnmiracle Ejikeme store, has shopping carts for small items, and make it possessive for users to pay for good and services worldwide with ease.

That seems to be a great deal for customers satisfaction. In other words, customers have an easy “self-serve” place to shop.

The customers are directed to get the products on site and pay and also get additional free quality articles guide.

Johnmiracle Ejikeme Business success

Why Johnmiracle Ejikeme sometimes sells dreams and not products?

Selling a dream is basically selling the idea of how to market your products.

Once you do this, and follow through, everything else falls into place.

Therefore, it’s true to say that Johnmiracle Ejikeme does, sometimes, sell a dream.

Looking at it from another perspective, been able to teach people, guide newbies and giving them guarantees attention and reach, bonus and free offers, sometimes worth it.

Why Johnmiracle Ejikeme now expands and sales various items of different category.

It all goes down to business expansion, If you see a hot item, then the items around it are mainly for “looks.”

Therefore, the need to expand a business arises to try to meet the unlimited need of customers.

Just like the story of Amazon, which start in a garage before expanding as it grows.

The purpose is for you to be able to have products of various needs of your customers to be able to retain them.

Finally, when the founder began this company Mitrobe, he probably never thought it would grow and help so many businesses when they follow his lead.

We are dedicated to BIG TIPS to help you get things done more efficiently.

You will master how to do everything in a bigger way and live smarter.

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Business ideas

How to make Google Index your New Article Faster | Pingomatic

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How to let Google Index your New Article Faster

Google is not indexing my site faster, that has been the problem of most newbie bloggers.

Here in this article am going to show you how to make Google index your newly published articles faster.

Do you know that the best way to get your article index quickly is by sending pings to Google and other search engines.

What is a Ping?

Pinging is the process of sending
notifications to search engines to tell them that your blog or website has been updated and has to be re-crawled.

In SEO, pinging means to tell search
engines about your newly created
backlinks so that they are crawled and
are counted.

So how do you send pings?

A tool like Pingomatic saves you the
trouble of submitting these notifications
to all the different directories as it helps you to submit your link to a bunch of different of directories at once.

What is Pingomatic and How can it let Google Index My site

Pingomatic is an online tool that helps index post published faster into search engine query,

by sending pings to search engines which let Google bots know that you have a new article or you have updated your blog and it should index it.

Pingomatic also send pings links to other directories like, Bing, Yandex, My Yahoo, Collecta, etc.

This tool is used by accepted by many top bloggers to index their blog links faster, especially whenever a new article is been published.

Most of the bloggers I know recommend Pingomatic as an essential tool to ping links.

Earlier, I was confused with the pinging mechanism, I don’t feel any need of using pinging service.

Because my business site links automatically get crawled and index by the search engines.

But I came to discover that there are many cases in which indexing takes longer than the standard time duration.

So to reduce this time span between publishing and indexing a blog post, you can use the ping service like Pingomatic.

Pingomatic What does it this Tool Really Do?

The Pingomatic sends multiple ping requests at a time to different directories and search engines.

Thus, it updates them about the blog update.

If you are running a news portal where you need to publish frequently, Pingomatic becomes handy to send manual pings to major search engines.

How to send Pings with Pingomatic?

Using this tool is very simple, Here is the outline step by step procedures on how to send your first ping to Google for indexing and other directories using pingomatic tool.

  • First of all, head over to Pingomatic In the Blog Name , write the title of the post
  • Next in the Blog Home Page section, put the URL of the new pjblished post without having an HTTP:// or Https://

    Pingomatic

  • Click on the Check all in Common Services to select all the services in the list and finally hit the “ Send
    Pings ” button to send a ping request to all registered services in one go.

    WARNING!!!

    Avoid sending pings or using Pingomatic tool, when you don’t have a new published post.

    Here is the kind of response they will send to you.

    Google index

    Google Index | can Pingomatic do the job

    Yes and No.

    A ping doesn’t directly improve your
    rankings, but it does alert the search
    engines of the existence of your webpage
    link so that your page can be crawled.

    So if you have published something new
    or have just updated an article, you can
    get Google (or another search engine) to
    re-crawl your page faster.

    When they do, your rankings may
    improve.

    However, if you have authoritative and
    legit links, then you likely don’t need to
    ping – search engines will easily find your links without you needing to do anything.

    Why you should use Pingomatic

    You can index your links faster than usual, You can also ping your backlinks.

    It has multiple services at one place, so you needn’t go on different sites to ping the lnks.

    It gives expected outcomes most of the times.

    It is trusted by many bloggers and webmasters. Easy to use.

    Here are other useful resources

    6 Best way to drive more website visitors

    How to drive traffic to your site from Google news

    Top 15 SEO strategy you forgot

    Do you find this content useful, Plz use the commetn below to encourage use more, and you can runs cheeses .

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    Business ideas

    How to write a resume in 2019 that will get you an instant job

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    How to write a resume in 2019 that will get you instant job

    A resume provides a summary of your education, work history, credentials, and other accomplishments and skills.

    There are also optional sections, including a resume objective and career summary statement.

    Resumes are the most common document requested of applicants in job applications.

    A resume should be as concise as possible. Typically, a resume is one page long, although sometimes it can be as long as two pages.

    Here is how to write a resume that will land you a job instantly.

    1. First, take notes on your work experience – both paid and unpaid, full time and part-time. Write down your responsibilities, job title and company information, including everything.

    2. Take notes on your education. Includes degree or Certificates, major or course emphasis, school names, and courses relevant to career objectives.

    3. Take notes on other accomplishments, includes membership in organizations, military services, and any other special accomplishments.

    4. From the notes, choose which skills are transferable (similar skills) to the job you are applying for – these are the most important points for your resume.

    5. Begin resume by writing your full name, address, telephone number, fax and email at hope to obtain.

    6. Write an objective. The objective is a short sentence describing what type of work you hope to obtain.

    7. Begin work experience with your most recent jobs include the company specifics and your responsibilities – focus on the skills you have identified as transferable.

    8. Continue to list all of your work experience jobs by job progressing backward in time. Remember to focus on a transferable skill.

    9. Summarize your education, including important facts (degree type, specific courses studied) that apply to the job you are applying for.

    10. Include other relevant information such as languages spoken, computer programming knowledge, etc. under the heading Additional Skills.

    11. Finish with the phrase: REFERENCES available upon request.

    12. Your entire resume should ideally not be any longer than one page. If you have had several years of experiences specific to the job you are applying for, two pages are also acceptable.

    13. Spacing: ADDRESS (center of the page in bold) OBJECTIVE double space EXPERIENCE double space EDUCATION double space ADDITIONAL SKILLS double space REFERENCE left-align everything except name/address.

    Resume Tips

  • Use dynamic action verbs such as accomplished: collaborated, encouraged, established, facilitated, founded, managed, etc.
  • Do not use the subject T, use tenses in the past. Except for your present job. Example: Conducted routine inspections of on-site equipment.
  • How to write a resume in 2019 that will get you instant job

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