Although I had a bunch of masks available to me at home, I ordered another 50 pair. Yes, I started stocking up again just like how I did in the beginning of the pandamic. The numbers are peaking again. Although, the government is being conservative with the shut down, we are not far away from it.
Although this pandamic was the absolute terrible, I had my perks of not having to commute to work, I saved money on commute, I saved money on eating out. I had time to focus on myself and take care of my mental health over all.
But I want you all to think about the ones who has lost their jobs during the pandamic. It wasn’t as pretty for them as they all had to focus on getting another job or changing their career path and skill set. Think about it for it, if you still have a job then you are lucky but, let’s say the second wave it and you were the next to get laid off or fired?!
How much security do you have in your job? Almost zero, and that stands true even if there was no pandamic. Pandamic just makes everything worse, we can all agree on that!
Therefore, we need to upgrade our skills, always be aware of the current trends, and prepare for the future.
I always tell my audience to always, always, always, try to gain another source of income. Yes, not one but, two. One can pay your bills and the other you can re-invest to build wealth. There are some of you who are going to be like, no money can’t buy happiness. Money can’t, and I agree but it does buy you a bit of freedom and comfort to easily have time for what makes you the happiest.
Think about what I wrote, and share your ideas to help others grow!
Hello World, As you know I like learning about financial freedom. It’s not for everyone – yes, I laughed as I wrote that. I say that because, most people look at this motivators and always think how do I get that fancy, luxury, free money and then they actually want a short cut to it. …
Figure out how much money you are taking home and subtract the amount you are spending. Be sure to keep all that surplus money at work, by paying down high interest debt first and then investing the rest. Once the total value of all your investments reaches 25-30 times your annual spending, paid work is now …
Hello World, I don’t often speak about politics but, I hope you all read world news and are aware of what is happening around the world other than the pandamic. Farmers are the heart of India and a new bill is being passed to privatize farming. This will mean in the name of free market, …
What scares you about starting your own business? There is several underlying fears people often overthink about and just stop pursuing their passions. I am sure you felt one of these or the other, here is a list of your self limiting beliefs…
What will people think? How will they look at me when I start a business?
What if I fail? What will people think of me then?
What if I lose money?
I don’t know which products or services…
This is too much work, I don’t know anything
I don’t know where to start my business, their are way too many pieces.
The market is too saturated for what I want to do...
Too much money to invest…
I don’t know how to talk to my suppliers
I don’t know how to market my product. I am not a social media personality. I am too shy.
I don’t know any of the legal stuff…
I am not good enough…
I just don’t know where to start…
Here is the thing, you will always have these fears if you don’t over come and take a step to begin somewhere. These days people do not take a lot of money to start their business. You have to see what is costing you. The supplies, shipping fees, hosting, advertising and little extra for other costs. You have to plan your exepense. Even then you won’t see a profit right away, unless you are selling a stellar product or service.
You have to keep reinvesting until it grows. The whole business journey is a process. But you have to be willing and consistent to see a growth.
Get to saving about $1,000 to $3,000 to invest in yourself. Get a sewing machine, a circuit, a camera, or an orbelo account to start your own business.
It is easy these days. Orbelo literally shows you analysis on how much products are selling and which ones are popular. There are other paid analytics tools. You need to always research on current trends to stay up to date. But, if you have your own product then it comes down to your marketing and your social media presence.
Also, if you are designing your products, then i have glog posts on how to research trade marks.
Find suppliers and reach out to them and negotiate the prices. If you are using oberlo, you won’t need to do it. However, for a good pricing strategy where you are making a profit, please plan it all out!
Where to Start? Register your business.
Do a Google Search, it tells you step by step. This is literally what you type in, “how to start a business in (Your Area)”. This will give you start to finish of how, what, why and when tot register your business and any small fees associated. Do the search or you will be left with your self limiting beliefs.
Start your research before you write in the comments that it can’t be done! Have a little faith in yourself.
Hello World, Many people don’t actully budget or count pennies like I do. Few of you live pay cheque to pay cheque. It’s sad that many don’t even have a financial plan. All they know is that they have to earn more and that will pay their expenses. However, I think everyone should have retirement …
Big questoin of the day, Amazon FBA or Dropshipping?
1. You conduct product research. Choose products or a product first.
Amazon FBA: You reach out to a supplier of the product, for example on AliBaba or AliExpress. You ask for samples. They send you samples, you approve. Then you order the amount of products you want to send to Amazons fulfilment center. What you are doing is buying inventory space from Amazon and Amazon does the rest. When a customer orders that product from your page, Amazon ships it out.
Risks: You might not sell out, hence inventory space has a cost. There is a loss right there. Plus, buying bulk will cost you a lot of money.
Don’t forget, packaging, shipping, advertising and businesses also has fees.
However, with higher risks there is higher returns. You have potential of making well over $80,000 a month on Amazon FBA depending on your product research. Let that sink in! Do your research if you have money to invest.
2. You conduct product research. Choose products or a product first.
Dropshipping: You set up droppshipping on many different sites such as Shopify or WIX. Shopify and or WIX act as a store where people buy the product you are dropshipping. You can use many dropshippng sites such as Oberlo, WIX, there are numerous ones out there OR, you can go to suppliers directly. You reach out to a supplier of the product, for example on AliBaba or AliExpress. You can skip this part but it would be good that you ask for samples.
Once your dropshipping, for example, Oberlo is set up with Shopify. A customer can come to your website and order the item. You would see the order, go to that item on AliExpress /AliBaba (it’s integrated with Shopify), then fill out the required information and order. Ali Express will directly ship the product to your customer.
Custom packaging: Ask your suppliers they will gladly do it for you but it will cost you.
Risks: You might not sell out without proper marketing. You need target audiences and heavy marketing.
Don’t forget, packaging, shipping, advertising and businesses also has fees.
However, with lower risks and investments the return may be much lower than Amazon FBA. You have potential of making well over $12,000 to $40,000 a month by Dropshipping depending on your product research and marketing. Let that sink in! Do your research if you have money to invest.
At the end, it all comes down to how well you are branding and marketing the products. Use Facebook advertising and marketplace. Use every social media channels you have!
The thing is, there is potential! You just have to take the chance and do your research!
Main question: Which one is good if you are just starting off? Dropshipping ask for lower investments hence, lower risks. You are basically selling someone elses products for them!
Hello World, As you may know from my previous blogs that I talk about personal finance a lot. I am taking you on a journey of bettering my own finances as well as sharing my tips and tricks from my learnings. I share my stock picks and any investment changes I have made. Many people …
Hello World, You know I read a lot about human behavior, consumer behavior and customer journey. However, I wanted to talk about why packaging is important to me as a consumer. If you look at my over all profile, I am not a marketers dream profile. I shop very smart and I track my expenses …
Hello World, There is often the question of when to monetize your blog. The answer is, when you start seeing a 100 visitor traffic per day. That is a good time you can monetize your blog. Now comes the question of how to monetize your blog and there are 8 different ways that I can …
Thought I do another product read on the best Amazon Deals that I am finding. Also, test and work on my organic tractions.
When I was younger, I use to work retail. Fashion retailers keep their clothes looking crisp is NOT by ironing but with steamers.
I bought the exact one. I bought one called Toby from Walmart. Big and bulky! Hard to put together and hard to move around. I loved the idea of having amazing looking clothes all the time, however, I hated the work of putting together the device in order to get the actual result.
Oh and let’s not forget, I spent 100 dollars for Toby the steamer!
So here we are today, older and wiser. This time I am all about investing in experiences and items that will make life easier while being thrifty. I did my Amazon research to find the Steamer, I needed this time and found…https://amzn.to/2zZKrUw
The handy traveler steamer is perfect for the couple of items you need to wear right away. Easy to set up and perfect for the time you are in a hurry.
Let me know your Amazon finds! Share your ideas with me.
Trust me, I was on your end, indifferent! Didn’t care for this product but, it’s worth it.
Here is a funny story! I have been working from home since the pandemic took place. Meeting clients through Zoom Calls, WebEx, Slack, Skype… you name it. I love it! No more waking up super early! Saving on commute! Not taking that long train ride to reach the core of the busy city we all love in Canada!
Everything is wonderful until, I realized how bad my WIFI connection is. After speaking to Rogers for 1 hour and getting an upgrade on my internet, they had said that I would need to pick up the new router from their store within 60 days. Who’s going to a store in this pandemic? Yes, I am one of the paranoid bunch and I am not!
If you follow me for a while, you already know that I don’t do anything without a good research and how much I encourage all of you to do your research. Also, I am a thrifty shopper, meaning, my money has to have an return on my investment!
But this was life now! I make money through the internet! I cannot be cutting off of my Zoom calls because my WIFI connection is low in certain areas of my house.
After I bought this product, my WIFI range has been working amazing. You don’t have to use all three DECO’s but, I am progressive so I ordered a higher range extender to cover each corner of the house. My internet is highspeed all of a sudden I have not had a ZOOM call issue ever since.
If you want to get ready for the future than invest in these small things that will add to the way you do work. This is actually an investement as it will enhance your quality of work by allowing you to deliver timely while enhancing your online experience.
The stay at home transition has been tough for all even if you were a home body. A lot of you lost your jobs or are on temporary lay offs. This has caused unnecessary anxiety and pain.
It’s harder said then done, but change your mindset. Think about the opportunities you have that you did not in your daily busy “normal” life. For example, a lot of people are finally getting to spend a lot of time with their families. Some of you finally have the time to learn a new skill and get certified.
The world is your oyester. Be mindful of your pressense. Don’t let go or give up! Follow all the health tips, stay safe and take this time to develop your self further.
There will be all sorts of hiccups in life that you have to deal with yourself. Better way to look at this current hiccup is, everyone in the world is one unit and dealing with it.
My goals are self improvement related, both physical and mental. I am trying to learn new things daily, obtain new skills and become physically fit. I am holding myself accountable and completing my self improvement tasks daily. I want to come out of this as a stronger person. You can do it too!
I started waking up daily at 6:30 – 7 am. This has helped to gather my thoughts, have a bit of time before I get working. I use that time to think about my day and mentally prepare for it. I also fit in a fitness/workout session within that 2 hours frame before it is 9 am.
Always try to envision your future and plan for it mentally. Even jot down ideas if you can. This will help you stay prepared, even if it’s a little bit. You know what will happen and how you will handle it. Stay organized!