Pricing is very important factor that determines the sale. With proper pricing structure, you can drive sales, but how do you determine what is the appropriate price.

One of the major issues regarding pricing is how to sell more and earn higher profits when your competitors are selling the same product for a low price. In other words how to sell your product for $25 when a lot of people are selling for $12.

Your pricing should always be in line with the pricing structure with your competitors. However, you need to understand one simple truth about consumer behaviour, people do not always buy cheaper products, they are also buying better product and they don’t mind paying additional amount for a better product. Therefore, you can still sell your product for higher price if your product has better design and better quality. If you are selling online, how can your customers actually find out if your product is good quality? Well, here lies the importance of getting positive reviews.

Digital Marketing: Scope of digital marketing is increasing day by day, the career will never be saturated because the adoptability of world wide web is also rapidly increasing, which is creating more digital marketing opportunities.

Graphic Designer: As a graphic designer, you can sell your services, you can create your own digital products. Graphic designing is not about creating logo, it is also about creating NFT and digital art and products. There is no need for learning photoshop, you can build your career just by using Canva.

Content writing: This skill is not only limited to writing articles and blogs, buy also other things like copywriting, product description, social media posts, emails, etc.

A lot of people associate trading with gambling. That’s because just like with gambling, you make money based on your correct assumption. For example, you will win in roulette game if you can guess the correct number. Likewise, you will win in trading if your assumption on the assets becomes correct, for example, you bought Tesla stocks Apple stocks for $143.10 and you predicted that the value will go beyond $144 by the end of the day and your assumption becomes correct and you make money from this trade.

You make millions from gambling if your predictions are correct, and you also make millions from trading if your assumptions are correct. However, trading is not gambling even though these both activities are based on one simple strategy presumptions and assumptions.
When you are trading, you are trading assets, these assets are backed by real world activities. For example, you trade forex, foreign currencies are backed by governments; you trade stocks, and stocks are backed by the companies and businesses.

In order to build your wealth, you need to do increase your income. If you have a 9-5 job, you need to do other things to build your income. That’s how you build multiple revenue system.

You can build multiple income sources through two methods

Gig working: You work as a freelancer, handyman, uber driver, delivery guy, etc. You can either choose to work full time or as a side hustle if you already have a job.

Business: You need to create a business. You can create a business on the same niche that you are working on. For instance, if you are freelance writing, you can build a team by hiring more writers and then take more orders from the client.

One of the best ways to build income is by influencing people, or building an audience, so to speak. More people you can influence, or more people in your audience, you will build more income. If you are a freelance writer, you need to influence people to hire you. If you have a small business, you need to have audience who regularly buy from your.

There are a lot of businesses that seem easy to start and also profitable, however, these businesses are so saturated that you might not be able to succeed. So, what is the niche that is profitable and is not saturated?

Information Business!

That’s right, if you start a business where you offer information, you can make a lot of money and in the mean time you don’t have to worry about the niche being saturated.

Google became a big business because it tapped on this idea “to help people find information.”

You can use the same tactics. I don’t mean you should create a search engine, what I mean is you need to create a product that offers valuable information. The product can be a youtube video, blog post, ebook, online course, webinar, etc.

You can offer your product for free and make money through advertising (for instance, youtube videos and blog), or sell your product (ebook, online courses, etc.)

If you have a desire to start your clothing line business, here is an easy way. This business model does not require any money to manufacture products, or source products, this business model also does not require you to fulfil orders by yourself, however, you will have to spend money on ads to generate sales.

First of all you need to create account on Print-On-Demand Platform. I suggest Amazon Merch, Redbubble, or Teespring. Design your clothing. If you are not a designer, you can either buy design files or hire a designer. Start creating mockup products by uploading your designs on the print-on-demand platform, and launch your listing. Now, go to Facebook and create an ad for your product. I suggest Carousal ad because you can add multiple products. Target your ad to the demography who you believe will buy the product. Run your ad.
You can also do the same thing on Instagram as well.

Crowdfunding is a donation, where as Peer-to-Peer Lending means loan. Donation means you do not have to pay back, you can keep it all, all you need to do is you show your donors that the funds have been used in the best possible way. Loan means you will have to payback the principal amount along with the interest. 

Most of the Peer-to-Peer Lending sites are based on the United States and Europe, these sites are available world wide if you want to lend money, however, in order to borrow money you need to be either based in the US and Canada or few European countries like the UK Australian, etc. Even if you happen to be in these countries, it is not easy to borrow, you will have to fulfill so many borrowing conditions. 

Have you tried Crowdfunding and Peer-to-Peer Lending? Which do you think is better?

Here are 5 best options for Virtual Real Estate

Axie Infinity: One of the first in the blockchain gaming and metaverse, Axie Infinity is basically a game but the ecosystem also has virtual land that you can buy and sell. The land, which is referred to as lunacia, works as home to the Axies as well as a resource to farm Axies.

Decentraland: Decentraland is virtual real estate platform, where you can buy and sell real estate properties. You can make additional earnings by hosting evens like exhibition, concerts etc. on your real estate.

The Sandbox: The Sandbox is a blockchain game with its own real estate property. It consists of non-fungible real estate. The land can be used to build digital experiences.

BitCountry: It is an application framework ad substrate-powered blockchain for user-generated metaverses and games. The metaverse is build with substrate that will help users to build their own customized metavese ecosystem.

Aavegotchi: It is crypto collectible game built on Ethereum, where users can purchase and grow aavegotchi, which are NFT avatars used to interact with Aavegotchi metaaverse.

You have worked really hard to set up your business, you have spent a lot of money to build your business, you have developed really good products, you have hired experienced people to work for you, yet you are stuck with your business, you are not generating any sales, and even if you are generating sales, you are not making much profit. What should you do now?

Do a competitor analysis: Identify your competitors and see what they are doing to generate sales, check how they are marketing their business, check your competitors’ products with your own products. Copy their best strategies.

Marketing: A successful business is 25 percent product and 75 percent marketing. This is not me who is saying this, a lot of entrepreneurs vouch for more marketing. When you are marketing, you need to identify your target market and use a method that appeals to them.
Automation: It is not only easy to manage your business when you automate, it also cut your operational cost.

Amazon and Etsy both are wonderful ecommerce marketplaces for small and medium businesses or even individuals to sell products online and make money.

On Amazon, you can sell a lot of things from physical items, to digital products, and print on demand products. Likewise on Etsy also you can sell physical products, digital products or print on demand products.

If you want to sell physical products on Amazon, you will have to send your products to Amazon warehouse, whereas on Etsy, you can sell physical products only if it is more than 20 years old or your product is hand crafted.

Selling physical products on Amazon is not available everywhere as you need Amazon warehouse in your country, however, you can sell physical products through Etsy no matter where you are based.

Amazon charges you $0.99 per sale for individual plan and $39.99 for a business plan that allows you to sell unlimited products. Etsy charges 20 cents to list a product and 6.5 percent commission after the sale.