Let's say you have some funds that can be used to startup a small business, what would it be? For some time now I have been thinking about starting a print on demand business, so I guess I might consider this first before anything else.

While it's true that acquiring liabilities with a loan is generally discouraged, the reality for many middle-class individuals, especially the lower middle class, is different. Life extends beyond necessities, encompassing enjoyment and fun. Buying a car with a loan, although a liability, is sometimes a practical choice for those who cannot afford a one-time payment. As long as debt repayment remains below 10 percent of monthly income and 20 percent of yearly income, making desired purchases, even through loans, can be a reasonable decision.

Loans can serve as a valuable tool for acquiring assets or making investments. However, careful consideration is necessary, evaluating factors such as potential returns on assets, loan interest rates, and overall profitability. For many, securing a home through a bank loan is a common path to homeownership. The decision between renting and buying involves meticulous calculations, considering not just mortgage payments but additional obligations like insurance and taxes. Renting out a property can tip the scales in favor of profitability.

Selecting the right dropshipping supplier is critical for the success of your store. Several reputable options exist, each with its advantages. Aliexpress stands out for its good quality products and competitive prices, while Alibaba caters to bulk purchases. Made-in-China offers a diverse range of products at factory prices, and Banggood is known for quality, fast delivery, and product variety. While these companies are primarily China-based, it's crucial to communicate with the supplier to ensure product quality and reliable delivery. Thoroughly understanding the products and the supplier's capabilities is key before making a choice.

Unlocking the potential of digital products opens up avenues for entrepreneurial success. Here are some straightforward methods to create diverse digital products:

1.      Ebooks: Use word processing tools to craft your ebook, save it as a Microsoft document or PDF, and effortlessly upload it on platforms like KDP for swift publication on Amazon.

2.      Workbooks: Leverage platforms like Canva to design engaging workbooks. Choose an ebook template, replace the content with your own, and upload the workbook to your preferred selling platform.

3.      Social Media Templates: Create visually appealing templates using design tools like Canva, Adobe Spark, or Stencil. These templates can be marketed and sold on platforms such as Etsy and Zazzle.

4.      Digital Art: Whether digitally created on software like Photoshop or hand-drawn and scanned, digital art finds a home on platforms like Fine Art America and Pixels.

5.      Graphic Designs: Craft vector graphics using graphic design tools and publish them on digital marketplaces to reach a broader audience.
Diversifying your digital product offerings opens up new opportunities for creative expression and financial success.

Creating a Facebook page or Twitter account for your business doesn't guarantee immediate sales or traffic. 
To be successful: 
1. Build Followers: Generating traffic and sales through social media relies on having a substantial number of followers. Building followers can be organic or through advertising. 
2. Avoid Buying Followers: Purchasing followers is a bad practice as they are often bots or fake accounts that don't convert into actual sales. Building followers take time so a lot of people resort to buying followers, never make this mistake.

If you have never used Etsy and Redbubble but want to try these platforms, here a quick comparison between these tow marketplaces

Etsy: 
• Low-cost platform for sellers, with a 20-cent listing fee. 
• No additional charges until a product is sold. 
• 6.5% sales commission deducted when withdrawing earnings. 
• Example: List a $20 product, pay 20 cents upfront, earn $13.30 net profit after deducting fees. 

RedBubble: 

• Only allows the sale of Print-On-Demand products. 
• No listing fees, but charges an 80% commission. 
• Example: Sell a product for $20, earn $4, with potential to increase profit margin by pricing higher.

It is in the best interest of the breadwinner of the family who is usually the parents and those children who are 18 years old and above to get protection. Though this kind of insurance lasts only for a year, but they can renew it yearly. What is important is they are protected not only from death but likewise from damage to some parts of their bodies. For every part of the body, there is an amount as stipulated in the insurance policy. One finger, two fingers, or whole fingers cut are insured, and all the parts but the policyholders are still alive.

How do you secure your finances? There are many ways to secure your finances, one is to invest yourself, and next, make money from what you like. Also, set saving and expense budget. You must also spend wisely. It is also a must for you to set emergency fund, pay off debts and plan for retirement. These are among the ways to secure your finances, Do it the earlier the better to experience compounding interest on your savings and security for your retirement.

You like to manage a business you are passionate about. It's where you get your strength and inspiration]. Manage it in the same way you manage your life successfully. That is also what you will do to your business to manage it well for perfection of profit. Always check updates on product trends in the market, do a mini survey to find out what people like, and find out the demand of time. Check your plan and never forget to check which products are sealable and weak and plan on what to do with those weak products, are you going to have sales or do a tactic like buy one take one?