Topic: How to thrive with low income in a humble area - part 2 (Read 266 times)
Many people think that a profitable business is in big cities with very knowledgeable customers, of course this is normal and what we have to prepare is a marketing strategy that must be effective because business competition in big cities is of course very tight, and in my opinion the areas are not yet developed is a great opportunity for us to become winners, there isn't much competition so we can get bigger and better income if we are patient and know the best strategy.
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Op, I hope your aware that some people are not too good to manage anything like a business because they don't learn it. In fact, to run a business efficiently, and money management require a skill, and if one is not skilledful enough, they can't even excel or thrive even in the humble area. Also, the law of monopoly would not allow some people to thrive because, the person may not be the only ones doing that particular business in that area, there may be someone else who is already doing it and doing it best.
Food is perishable, so if the seller cooks it and is unable to sell it that day, they cannot resell it the next day. So what if the seller's losses start there?
Outside the stress attached, there are some side hustles like hourly paid sales rep, housekeeper, babysitter, and more. If one can meet up with timing and have the strength to combine the jobs, they can be making a good income.
Food is perishable, so if the seller cooks it and is unable to sell it that day, they cannot resell it the next day. So what if the seller's losses start there?
Outside the stress attached, there are some side hustles like hourly paid sales rep, housekeeper, babysitter, and more. If one can meet up with timing and have the strength to combine the jobs, they can be making a good income.
You contradict yourself. How can people who do not have a job, and therefore extra money to buy certain products, afford to buy them?
If you're poor and live in a poor country, if you want to change your life, you should work as a freelancer where your clients are from developed countries or you're move to the developed countries.
This is one of the most sought to have career for every person who lived in a third world country, that even those who have a college degree switches from corporate to a freelancer without any hesitation upon learning how much opportunity they can make. However, the competition in the freelancing industry today is very tight, that a newbie will take months before they land a good offer from a client.
You will need to invest a lot time to learn the ABC's of freelancing, though you can spend a few hundreds or a thousand to speed up the process of learning and landing a good client otherwise.
I believe I understand what you are saying; the best way to overcome hardship and poverty is, in fact, to have a successful money-making approach. Being resourceful will enable you to develop a better plan for using the resources you already have to make money.
Most importantly is to know how to adapt, once one find them-self in such predicament, first step is to adjust your way of living to be able to fit in to avoid hardship and poverty, and start saving, while saving be looking for opportunities, like business you can invest in that can be bring you more income with what you have, just try and do something different, talking about investing on the right thing or let's say investing the right way. If one want to thrive with low income, then you must be seeing opportunities and be positive. 
Develop a good relationship with the neighborhood and offer your handyman services: there might be earnings' opportunities where you least expect. If you have contact with people around and tell them you can execute tasks for extra income, they will call you at some point, especially elders who have more limitations. It can be to make a delivery, paint a room/wall, cleaning or maintenance services and so on...
This is so true.When you're a skilled person and using it as a side hustle. Be friendly with your neighbors and offer it to them with not so expensive deal and if they ever like your service.
They'll be the ones to refer you to their friends and from there, you'll be referred by them and that's going to make your network even bigger.
let's think together about what people can do to build new sources of income, without the need for high educational backgrounds:
If you are considering doing business to generate extra income, the best business to do is a business that focuses on providing services centered around the three basic needs of everyone which are food, shelter, and clothing. People will always eat and need food, shelter is a necessity, so people will always need a place to stay, and for clothing, people always get new clothes. If you can build a business around satisfying one of these needs, you will have succeeded in building an extra and additional source of income. People who are experiencing poverty will surely have a hard time putting up a business becase their main focus is to survive life not unless they will loan and borrow capital so they will have something to start with. It wi be better if a person will focus on working to earn while establishing a good foundation of knowledge of how and what kind of business will work in their area. It will be a big risk to try out a business without the knowledge because it will be a big waste of money.
You contradict yourself. How can people who do not have a job, and therefore extra money to buy certain products, afford to buy them?
Can't agree anymore, I live in one of third world country where majority of people earn low wage and live in poor, many people doesn't want to buy and appreciate an unique craft, it make you wasting a lot time to earn low profit. I knew there are a lot craft man who's creating good wood craft, painting, and others, but their life are really poor and they can't change their life. If you're poor and live in a poor country, if you want to change your life, you should work as a freelancer where your clients are from developed countries or you're move to the developed countries.
Although I guess as you have said, that comes with living in a poor country. You'd rather make sure your stomach is full before your eyes. And since you only have enough money to get by for the day, you won't have the opportunity to buy stuff like art pieces or whatnot, even if you wanted to support them so much.
I believe I understand what you are saying; the best way to overcome hardship and poverty is, in fact, to have a successful money-making approach. Being resourceful will enable you to develop a better plan for using the resources you already have to make money.
In short, it is working with the skills or abilities that we already have at this time. I think that is one of several other ideas in terms of overcoming poverty, because without working according to what we have mastered, of course there will be no money to be made. But when a person starts working seriously and focusing on his goals, there will certainly be money that he can earn for himself. I think so in essence.That's why it's important to learn new things because it can add to your knowledge and skills,
to make money everyone has their own way and that's a good thing,
the better the plan we have, the more likely we are to make money.
Planning can be drawn up when a person has what he is going to do and already has the basic knowledge to make new plans run smoothly in order to make more money. Because without basic knowledge, of course there is no plan that he can arrange for his own business or work. to make money everyone has their own way and that's a good thing,
the better the plan we have, the more likely we are to make money.
I believe I understand what you are saying; the best way to overcome hardship and poverty is, in fact, to have a successful money-making approach. Being resourceful will enable you to develop a better plan for using the resources you already have to make money.
That's why it's important to learn new things because it can add to your knowledge and skills,to make money everyone has their own way and that's a good thing,
the better the plan we have, the more likely we are to make money.
let's think together what people can do to build new sources of income, without the need of high educational backgrounds:
If you are considering doing business to generate extra income, the best business to do is a business that focuses on providing services centered around the three basic needs of everyone which is food, shelter and clothing. People will always eat and need food, shelter is a necessity, so people will always need a place to stay, and for clothing, people always get new clothes. If you can build a business around satisfying one of these needs, you will have succeeded in building an extra and additional source of income. 
If you do not have higher education nor enough capital to start your own business, there is no way for you but manual labor or the use of personal skills.
Any project, no matter how small, needs capital and needs some other side expenses. If you do not have this money, you have to work manually to get the money. Manual work in poor countries is barely enough for you to eat and drink, not to mention other expenses, so how can you save some money to start your own project?
I live in a poor country, people work from early morning till evening in hard physical labor, and at last hardly get enough to supply the needs of their ever-growing families as inflation increases.
Any project, no matter how small, needs capital and needs some other side expenses. If you do not have this money, you have to work manually to get the money. Manual work in poor countries is barely enough for you to eat and drink, not to mention other expenses, so how can you save some money to start your own project?
I live in a poor country, people work from early morning till evening in hard physical labor, and at last hardly get enough to supply the needs of their ever-growing families as inflation increases.
I believe I understand what you are saying; the best way to overcome hardship and poverty is, in fact, to have a successful money-making approach. Being resourceful will enable you to develop a better plan for using the resources you already have to make money.
That's why it's important to learn new things because it can add to your knowledge and skills,to make money everyone has their own way and that's a good thing,
the better the plan we have, the more likely we are to make money.
I believe I understand what you are saying; the best way to overcome hardship and poverty is, in fact, to have a successful money-making approach. Being resourceful will enable you to develop a better plan for using the resources you already have to make money.
So basically your tip to people is to get money by working? Sure, but don't you think this is little patronizing? That people wouldn't have thought about basic jobs you describe?
Many people want to work, but don't know from where to start. Some hints are welcome for who is lost, I guess.That is what was taught to me by an experienced friend, and now I'm passing it ahead, maybe it can worth for someone else as it was a worthful experience for me.
This feels like contradiction to me, I mean why would somebody lend you money if you have no stable income to atleast ensure the lender that you are going to pay it back. Well atleast for me, I need to have that kind of insurance that the person Im loaning my money to has the capability of paying back what he ows me.
There is no such thing as lending people cash out of good will unless you are pretty close
Well, it will depend on how people nearby see you, including your family members/close people. There is no such thing as lending people cash out of good will unless you are pretty close
You need to be smart actually in order to earn as much as possible to thrive more to increase your income. Start to accept any kind of job that wouldn't put you in a prison to help yourself start saving even it is little. Then do some side hustles, a good character will help you to earn more even you're just a parking boy in a third world country for example.
A lot of side hustles are needed in order to more aside from being employed, because in a third world country for example, the bare minimum wage is not enough to be honest to live every single day.
Actually there are a lot of jobs around that you could make a good source of income as long as you are not choosy and you always put your best in everything you do. You can sell foods and deliver them door to door so that you can maximize your sales than just putting a store and wait for them to buy for you. But if you aim for bigger profits, consider side hustles to provide you bigger income. The smarter you are, the more skilled you are, the higher the chances that you will succeed in the end.A lot of side hustles are needed in order to more aside from being employed, because in a third world country for example, the bare minimum wage is not enough to be honest to live every single day.
Go and face up the challenges in life because it is never been simple since from the start unless if you had inherited from your parents or someone then it is an exclusion.
You contradict yourself. How can people who do not have a job, and therefore extra money to buy certain products, afford to buy them?
If you don't have an initial investment, which is required for the first two examples above, you can try asking the seller for a payment period.
Or take a small loan from a familiar or friend with low or non-interest rates, or like you said:This feels like contradiction to me, I mean why would somebody lend you money if you have no stable income to atleast ensure the lender that you are going to pay it back. Well atleast for me, I need to have that kind of insurance that the person Im loaning my money to has the capability of paying back what he ows me.
There is no such thing as lending people cash out of good will unless you are pretty close
You contradict yourself. How can people who do not have a job, and therefore extra money to buy certain products, afford to buy them?
I understand what @OP wanted to convey. There is kind of food that isn't expensive and is popular and sellable. For example, one can prepare snacks and sell them to the neighborhood. the money needed to start such business isn't that much. And if ever the person is jobless, he do have relatives, siblings or parents that can lend him money to start his food selling venture.
To organize any kind of sale of products, and I think you have semifinished products or baked goods, you must be sure that you can sell them. That is, the product will be in demand. And this product must be unique or very cheap, which again makes it meaningless to spend on it.
Indeed to be successful in any selling business, the good should be indemand that is why @OP is correct choosing food as business since it is one of the basic needs and the demand of that never stop.
The same with the scheme: buy low, sell high. You didn't come up with this scheme. To buy a batch, you need money—free money. Does an unemployed person with a low standard of living have it? Anyone who wants to buy cheaper also knows the way to cheap markets, and in order to interest the buyer, your product must be very cheap.
I believe that the only way out is to enter the labor force. Selling yourself as a one-time wageworker is the most realistic way out.
I believe that the only way out is to enter the labor force. Selling yourself as a one-time wageworker is the most realistic way out.
If you offer a service just like what @OP stated, you do not need capital whatsoever, all we need is an able body that can do the task. One of the common service that a neighborhood demand is garbage collecting, where a person collects households garbage and wait for the service truck to dump the garbage. That is one service that can generate money without any capital except for able body and time.
The examples that you talked about are divided into service departments and commercial departments.
Cooking food is a service that you provide to other people who cannot cook food, but success in this industry does not depend on the quality of cooking or whether it is a thing, but is related to things such as dealing with customers, the location, the cleanliness of the place and a lot of other things. The skills you need to acquire are more than cooking good food.
Buying and selling food at a different price that includes transportation and storage costs, which are linked to fuel and energy prices, which can change to lead to significant losses.
What I am trying to convey is that all these activities require more knowledge from you than just finding a job, which is the easiest way to collect money.
Cooking food is a service that you provide to other people who cannot cook food, but success in this industry does not depend on the quality of cooking or whether it is a thing, but is related to things such as dealing with customers, the location, the cleanliness of the place and a lot of other things. The skills you need to acquire are more than cooking good food.
Buying and selling food at a different price that includes transportation and storage costs, which are linked to fuel and energy prices, which can change to lead to significant losses.
What I am trying to convey is that all these activities require more knowledge from you than just finding a job, which is the easiest way to collect money.
So basically your tip to people is to get money by working? Sure, but don't you think this is little patronizing? That people wouldn't have thought about basic jobs you describe?
That they would just do existing jobs as a freelancer and hope that there wouldn't be competition in those work areas, and that people would just buy anything or hire you for handyman stuff and not hire a professional who knows what he is doing?
I mean yeah, basically you can find new areas you are good at and try to monetize those but that doesn't mean they would be magically profitable. In fact they could be opposite depending what kind of risk you are taking and how much your time you will be spending.
That they would just do existing jobs as a freelancer and hope that there wouldn't be competition in those work areas, and that people would just buy anything or hire you for handyman stuff and not hire a professional who knows what he is doing?
I mean yeah, basically you can find new areas you are good at and try to monetize those but that doesn't mean they would be magically profitable. In fact they could be opposite depending what kind of risk you are taking and how much your time you will be spending.
You need to be smart actually in order to earn as much as possible to thrive more to increase your income. Start to accept any kind of job that wouldn't put you in a prison to help yourself start saving even it is little. Then do some side hustles, a good character will help you to earn more even you're just a parking boy in a third world country for example.
A lot of side hustles are needed in order to more aside from being employed, because in a third world country for example, the bare minimum wage is not enough to be honest to live every single day.
Actually there are a lot of jobs around that you could make a good source of income as long as you are not choosy and you always put your best in everything you do. You can sell foods and deliver them door to door so that you can maximize your sales than just putting a store and wait for them to buy for you. But if you aim for bigger profits, consider side hustles to provide you bigger income. The smarter you are, the more skilled you are, the higher the chances that you will succeed in the end. A lot of side hustles are needed in order to more aside from being employed, because in a third world country for example, the bare minimum wage is not enough to be honest to live every single day.
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