No reason for panic or worry – I know how to make money

WEDNESDAY, 21 FEBRUARY 2018

14:37

I know how to make money … in one sentence: Place on several markets hundreds, even thousands of products specially made for you by other people.

Note: If you try to manufacture hundreds or thousands of products yourself to save money, you’ll never be as successful as you would be if you pay other people to execute your instructions with you perhaps putting the cherry on the cake.

18:31

The aim should be to produce the largest amount of products in as little time as possible, without compromising quality or value for the consumer.

What it comes down to for me is simple: A small, skilled team of freelance workers.

SUNDAY, 25 FEBRUARY 2018

A thought caught me offside today: “You have to tend to your business.”

No matter what you do for money, you have to pay attention to your business. You should do this if you teach English classes (preparation, checking homework, taking care of your mental and physical health), if you sell teaching material online (you need to look at reviews, answer queries, get clients or potential customers on your email list), if you trade in foreign currency (training, tracking the markets) or if you sell physical products on AliExpress or Amazon (again, you need to check reviews, answer queries, track orders, research new products, delete some products and add new ones). You should also do that if you produce your own literature and hope that more than a dozen people download or purchase your books.

For a few hours I was worried because I know I don’t have a good record with tending to your business.

Then I realised: If tending to your business is something mystical that you’ll be lucky to get right no matter how hard you try, then I’m indeed in trouble. But if tending to your business is something that can be systematised, I’ll be okay. I know how to take action. And if it’s not on someone else’s orders, in my own time, in my own workplace, I can keep it up week in and week out.

In other words, no reason for panic or worry.

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