Tag: Money

7 Ways to Sell Your Knowledge (and Earn)

Regardless of your professional experience and level of education, I bet you have a set of unique skills and capabilities that others don’t. Perhaps somebody is even a little jealous of your virtuoso guitar skills, fabulous dance moves, coding knowledge or the way you managed to master Chinese within a relatively short period of time. Simply put – all of us have that little something that could be turned into euros (or dollars, if you wish). Blogs and the internet as a whole has opened so many opportunities for entrepreneurial people to be paid for their knowledge and creativity; we’ve come a long way, and technologies have enabled us sharing knowledge (and therefore earning) easier than ever. Scroll the list & pick your options - there are plenty of amazing ways to make money using the skills you already have!

you couldnt fail

1. Teach

Whether you are sharing your knowledge teaching people through webinar, Skype or teaching platform, teaching can be both personally and financially rewarding. Selling your knowledge teaching is one of the simplest ways to earn and have fun at the same time. Let it be marketing trick or a DIY assistance in gardening, you can share your content and teach your skills via Kajabi. Users of the company have sold content for over $350 million and made knowledge available for millions of people around the Earth. The platform allows you to set up online courses and monetize the content. Yet another platform that allows you to do the same is Udemy. Via the platform you can either earn 97% of the suggested amount (3% is kept for payment processing fee) or 50%, if Udemy promotes your course. Majority of courses, however, are free of charge.

2. Provide Consultations

A “brother” alternative to teaching and providing other people with your knowledge off-line could be to become a “teacher on demand”. By providing consulting services you can earn some side income as well. Platforms like ClarityPrestoExperts and SmallBizAdvice allow you to work from home and earn money giving advice or providing consulting services online. While you will rehearse your knowledge and will have to assist people whenever needed, you will be rewarded both mentally and financially.

3. Host Webinars

Earning extra cash using a live video option is yet another opportunity to make some side money. ClickMeeting is a great webinar hosting platform that allows you to earn while sharing your expertise online. If you can teach it… you can earn it!

4. Create New Content

Xomba is one of the popular and well-known platforms where you can earn money by employing your writing skills. The platforms allows you to creates 5 different types of articles – a blog, bookmark, list, recipe and a review. By creating a piece on the platform you contribute to the shared network of independent websites. Beware that the platform takes around 50% of your revenue (Xomba shares a 50/50 split) since it’s an AdSense revenue-sharing site.

5. Reuse Old Content

Well, what can I say… Writing pays off, for sure! If you are eliminating writing for your extra-income earning options you might be overlooking a quick and easy way to earn. If you re-purpose your (already existing) content, add small bits and pieces and market it wisely you can turn it into an e-book which will serve you as a steady source of income for quite a while. Amazon is definitely the dominant platform for e-books, whereas iBooks is popular alternative to Amazon.

6. Answer Questions

If you have some free time, you should consider an option of generating additional income by… answering some questions! JustAnswer is a platform where people can ask questions from a number of categories (health, legal, medical, taxes, computer etc.) and get answers from certified professionals. Long story short – if you happen to be a professional, you can earn money answering questions relating your field! Also, if you are not an expert but happen to know one, you can earn $50 Amazon gift card for each referral.

7. Sell

Becoming an affiliate isn’t overly difficult: all you have to do is register on an affiliate network site such as Avangate, Amazon or Clickmeter, fill out an application form, become a member and pick affiliate programs that interest you. Once you’ve chosen the affiliate programs, the merchants review your website and (if they find it interesting) they will provide you with affiliate links that you will use in your content to sell. Even though amount of money you earn per action is normally quite small, over time, especially as you progress in your viewership, it can generate a nice amount.

The above list is just a sample of activities that you can start to generate an extra income using your existing skills. There are hundreds, if not thousands of opportunities online where you can deploy your knowledge and turn SKILLS into SAVINGS. Good luck doing that!

January Saving Tips

As we hit the halfway point of January, many of our bank balances have been depleted and our lunchpacks for work are made up of leftover cookies as well as some leftover Christmas salad. As for New Years resolutions we have promised ourselves to be more savvy when it comes to finances. I bet many of us have also written down a NY resolution related to saving – “spend less, save more”.

To help you on the way we’ve got a list of most useful money saving tips that will serve you in the long run keeping in mind the objective to spend less and life comfortably. And, overall, spend wisely to avoid financial deprivation both in short and long term.

Leaving shopping mall

Food

“Think before you shop” should be the golden rule from now on. Do a food audit once a month carefully examining what you actually have (also, by looking at all the jars of jam and sauces you’ve saved up). Careful examination will help you to make the list of necessary items which will be helpful once shopping. Also, cutting down takeaway and trying to cook more at home may save you a great amount of money.

Shopping

As crazy as it may sound, doing some shopping in January might be a good idea. A number of stores are offering considerable discounts for the items that you might have dreamt of a long time, and it may be one of the best times to get something you’ve wanted with the great discount offered. Also, basics like soap and cleaners are usually on sale because they’re in holiday packaging. However beware of false savings – stop purchasing the things just for the sake of discount. We only encourage you to get the things you really want and need.

Entertainment

When it comes to entertainment, planning is your best friend. Planning your entertainment, including holidays, may save you a huge chunk of money. Have a look at the deal websites offering entertainment packages and holiday deals – by doing this in advance you can save up a couple of hundred euros. Cinema, theatre and a great number of entertainment centers, such as swimming pools and bowling centers normally have discount offers on specific timing and days – make sure you plan your entertainment to save a penny (or two).

Do you have any ideas on how to save money after the crazy period of spending? Share your thoughts with us – we’d be happy to hear from you!

Are You a Workaholic?

Being happy and satisfied about your career choice and your job is very laudatory. Yet everything, where the word “too” comes in, is not good at all. Neither for your health, nor personal life. Working too much is a huge issue, that can affect your life negatively. In Japanese language even a word, meant for such situation exists. Japanese would try to frighten a workaholic person with the word karōshi  - death from work, or simply, working until the instant, unexpected death in a young age.

http://www.flickr.com/photos/herval/

http://www.flickr.com/photos/herval/

Do your friends and relatives complain that the last time they saw you, was 2 years ago, when you accidentally bumped into them in the city center? When it comes to workaholism, specialists claim that there are 10 symptoms which you should be aware of. If you realize at least a couple of bullet points are about you: it could be the right time to plan your next holidays ASAP…

* You have no hobbies. If the only answer you give, when asked what are your hobbies, is “job”, that is not good at all. Remember, the time you are spending from 9am to 5pm is not your leisure. It’s a job. And even though your job can give you a great satisfaction, it is not a sufficient hobby for such an interesting and goal-reaching person like you.

* You skip lunch just to have some extra time to work on the tasks you want to accomplish. A lot of people think that the only way to to do that is to have more working hours, but try to be strategic: well-planned time pays off.

* You are the first who comes to your workplace and the last who leaves. You probably like to have a quiet half an hour before everyone comes, when the office is empty, but don’t make it a habit.

* You choose to postpone your holidays and you’ve been doing so for a while. Even though you know and realize that your productivity would increase after a week or two off, you still choose to work instead of relaxing and even make fun of your colleagues, who are posting their holiday pictures on various social media platforms.

* Not only that you refuse to have holidays, but you also wake up and go to an office while having a viscous snot under your nose and a sore throat. Remember: your health is more important than your job. Going to work while sick may not only bring you serious health issues, but may also infect your colleagues. Not cool at all…

* You are not satisfied with your results. Whereas your colleagues and your boss praise you, you are still left with the disappointed and believe you could have done better. That is why you work even more to achieve the results you think and expect to achieve.

* You are not sharing the tasks with your colleagues. You think that you will do everything on your own and therefore your boss will appreciate it. In a way that is true – the more you are able and willing to do, the better you become. But remember that being a team player means a lot…

* You have never said “no” to your boss and colleagues. If your boss wants to give you more tasks to accomplish, you gladly take all of them. If your new colleague does not understand something, you are rushing to help. Remember: you are not a superman or a superwoman. You might pretend to be one for a while and might actually succeed, but your human powers will win in any case.

* You feel tired. If you wake up and after 2 huge cups of coffee your bed and pillow still seems to be inviting you to cuddle, you might night to rest. People, who are not willing to rest, are suffering from diabetes, high blood pressure and have numerous digestion problems.

* You do not call yourself a workaholic and if someone does, you instantly get insulted. Try to evaluate your working situation and if you feel tired, talk to your boss about a day off, without your job, computer and a phone, simply with lots of sleep and a book. It may help.

Feeling Tired? Don’t Keep Your Bank Card Nearby

It is a late evening, you just got back home, boiled water, prepared a cup of tea and turned your PC on. Do you know where your purse is? If you are part of a great majority, having the same purchasing behaviour when it is a late evening of a tiring day, you will probably find it lying right next to you, waiting to be open and used. 

We all have read about magical Wednesdays and Sundays, two days of the week when people become a little more relaxed about their purchases and focus their attention on something they should not. According to numerous research done in US, people tend to spend over 20% more during Wednesdays and Sundays. The situation gets even worse if it’s an evening after a tiring day, i.e. university or/and a job.

A simple way to check your psychological state towards purchases would be going out to a supermarket after you had a tiring day. You need to buy a loaf of bread, milk, eggs and a piece of ham, but you end up buying all this plus triple chocolate muffin box, white chocolate, cookies and 2 liters of ice-cream. The psychology behind such situation is easy to understand: we all want to reward ourselves and we are looking for the treat since we think we deserve it. Psychologists call this as “ego depletion”: an attitudinal behaviour when we become a little careless about our purchases when tired.

Having a tiring day (both physically and mentally) can affect your purchasing behaviour, which turns out to be “less beneficial” (both from a material perspective and a financial perspective) than some other time. The “after-job” time, when you are willing to spend more is sometimes also called a “happy hour” – the time when you want to rewards yourself with something you deserve, either by foods or by goods. You get home, get into your own space, get relaxed and are more willing to write down your Visa numbers while purchasing a new pair of facial cream or a scarf. Such emotional state that makes us more vulnerable in regards to our purchases in economics is called “spending trigger”. The bad news is, that we all from time to time have “spending triggers”, but the good news is, that knowing what the “traps” of such behaviour are, you can find ways to avoid bad purchases and financial regrets.

If You Are Overworked

You like your job. Actually, no, you love your job. But the love is so frustrating, that it takes much more than 37 hours/week of your full attention and the only thing that you are craving for, is rest. You might be thinking that you deserve something more than 40 or 60 hour job and that is why online shopping might seem an appropriate way to end your tiring working day regardless of your purchases. Sure, you might be thinking that you can compensate a lack of free time with something you might be wanting (a new computer or a large flat-screen TV), however, such new purchases will make you happy only for a while. Our needs and wants certainly differ, one could be happy with a new pair of shoes whereas the other would consider purchasing the newest Macbook Pro, but the result still tends to be the same: an (un)wanted and (un)predicted purchase with the (un)wanted and (un)predicted expenditure. Something that you could live without. Something you are not fully sure whether you need or want. Something you are undecided about.

In order to avoid high expenditures and unwanted goods, try to set a barrier which you cannot exceed. Think of something feasible: if you think 200 kr/month is a good amount of “unpredicted expenditures”, try to keep purchases within the decided amount. After all, when you have worked for too long, try weighting an opportunity cost: wouldn’t it be better to get an extra hour of sleep rather than purchasing new set eye shadows which you might not even need?

You Are In Need Of Something

You are 100% you need a special product you have been dreaming about for a long time and you simply decide to check the prices as you get back home tired. Knowing that our self-control highly depend on our levels of tiredness, you might want to postpone your purchases, even though you might be thinking that you want it right here and right now.

In order to help maintain control over your purchases, it may pay to avoid making important financial decisions if you feel tired. For less important decisions (such as small purchases) it could also pay off to wait until the next day. And in order to avoid such unpredictable purchases as chocolate muffins or ice-cream, try making a “needs” and “wishlist” for groceries. Saving 20 kr. each week could add a bit of savings into your “leisure” account and if you do so, you might end up having a pleasant amount of savings by saving just a little each time (read an article “Save money like Chinese do”).

After all, it is said that money can buy you happiness, only if you spend them right.

Why Do Bosses Hate Social Media?

When billionaire Warren Buffet registered on Twitter a month ago, it seemed that the users of Twitter had gone totally crazy. Within half an hour, he got over 30,000 followers all around the world, even though Mr. Buffet, so far, has tweeted only twice. It could’ve happened due to the fact that only a few well-known and popular people owning businesses actually do use social media…

http://www.flickr.com/photos/joshsemans/

http://www.flickr.com/photos/joshsemans/

One could differentiate social media according to users’ needs. Social media platforms can easily be categorized according to ones needs: socializing, networking, dating, inspirational and so forth. The best socializing platform, without a doubt, is perceived to be Facebook, professional networking – LinkedIn, whereas Pinterest and Instagram serves an inspirational purpose.

According to data, out of 500 most successful companies, based in US, only 28 CEOs have Twitter accounts and only 19 of them use the accounts personally. The reason why CEOs haven’t started using social media platforms is still a secret (though I guess it could be due to the lack of time and unwillingness to be visible?), yet it is visible that those, who actually start using social media platforms, can get a number of followers instantly. Such behaviour could easily be used for marketing purposes… Such leaders like Marissa Ann Mayer, a president and CEO of Yahoo! and Google’s spokesperson could be an example for the CEOs willing to go online, as she has successfully been using social media platforms to communicate with her audience. One thing to remember: she is young (38y.o.) and works for a computer-related company (well… Yahoo!).

Technology adoption

Let’s face a fact: the majority of wealthy CEOs are over 50. It makes sense why the older generation doesn’t use, nor is interested in using (or learning how to use…), computers and the internet. If they are wealthy and over 60, they probably understand that social media is not going to change their lives significantly as they probably have already got everything they need and want. Therefore, even though they might not even know where the “start” button on a computer is, they are not willing to invest time and stress due to the lack of knowledge, since they do not see the need of it. So if your boss is not a part of an early majority, there is very little change she/he will actually start using social media.

Privacy

It is understandable that entrepreneur Richard Branson has something charming about himself, so that a majority of my peers see him as someone to look up to. However, sometimes such striving can be compared to stalking. When admirers are trying to figure out every single bit and piece of their favorite CEO’s (or their boss’) life, it can turn out to be a little too creepy – and the person will be left with a complete lack of private life. That is one of the reasons why a number of well-known people keep their private life to themselves (no Facebook sharing… no Twitter… no Instagram…), and that is probably the reason why there are a number of gossips that Branson doesn’t know how to use such things as ATM.

Bigger picture

Executives are high achievers and they usually have a rather more important things to worry about than their presence in social media, especially if the job is not related to social media at all. When students or graduates are fishing for networking opportunities and jobs, CEOs usually are fine with… whatever they have, as it’s already enough.

Executives are driven by the feeling of competition and in such cases, if they used social media, they would probably first of all check their competitor’s profile. But if competitors are not using social media… why should they?

Fact: The most popular social media platform is LinkedIn, which is used worldwide and, according to data, out of 500 Fortune executives only around 140 CEOs have their own profiles over there.

Article based on Ekonomika.lt

Save Money Like Chinese Do

Are you one of those people, constantly in lack of money and you do not know how to save? According to BBC Capital, your background could have a lot of influence on that.

It is said that the amount people save usually depends on their location and nationality. For example, residents from US are said to save one of the smallest amounts compared to other countries: they save only 3,2% of their income.

According to collected data, Australians usually save about 11% of their income but Chinese seem to have surprised researchers since they tend to save over 50% of their monthly income.

High Expectations

China’s culture has a lot of written and unwritten rules. One of the unwritten rules is for young and unmarried men to earn and save enough money for the apartment, as men are expected to have their own property by the time of their marriage. The other reason for a relatively extreme saving is Chinese welfare system, as there is no pension funds over there and that is why Chinese tend to save as much as possible for the future.

How Much Is Good Enough?

Specialists recommend to save enough money in case of extreme situation. In such case you have enough money to live for 3-6 months without any expected income. The amount can be calculated easily: you only have to check the amount you spend during a month for all your needs, multiply the amount by 0.9 (since an individual in such situation is expected to spend 10% less) and then multiply it 3-6 times (=months). The amount you get is the amount you need to save for a “rainy day”.

Timing

You might think that such amount, that you have just calculated, is impossible to save. At least not as soon as you probably would like to. Your decisions and abilities in this case, certainly, depend on how much money you earn, how many leases do you have, how do your bank statements look like and whether you are in a debt for someone. Yet it is not too hard: imagine you earn and spend 15,000 kr a month. The amount for the three months with limited needs would be 40,500kr (15,000* 0.9 * 3). Therefore, if you want to save the amount you need within a year, each month you have to save 3,375 kr.

Saving money is not too hard as you might think. Do it automatically. The best would be to have 2 bank accounts, out of which one would be meant for saving purposes. Make an automatic bank transfer to this account from the one you get your salary.

If you feel you cannot save that much money from now, start doing so with the small amounts: take away 100, 200 or 500 kr a month into a savings account. Psychologists claim that once you will notice the raising amount, you will feel the excitement and willingness to save more. If you get promoted and your salary has risen, do the same with the savings transfer: be generous to yourself and save a little more. Remember, that this account is meant for saving purposes when you have an extreme case in your life and do not touch it for entertainment purposes.

Based on article from Ekonomika.lt