how to make money

how to make money

ways to make money

Many people always think about the best ways to make money but they can’t find those ways but today I will you the best ways to make money.

Suppose there are two men one is ram and the other one is Robert, ram works in a big multi-million company where he earned 12 lakh of rupees in a year, and on another side, Robert has started an online business he is earning 6 lakh in a year now if I ask you who is the richer between these two so almost every person will say ram is richer than Robert because ram salary is almost double in comparison to Robert's salary.

To some extent this answer is correct, till the time we compare their absolute income but in reality, the world is relative, not absolute so now we will compare their relative income.

Ram works 80 hours in a week whereas Robert works only 20 hours in a week according to this if we calculate ram gets 288 rupees per hour whereas Robert gets 576.5 rupees per hour so now think who is earning more our time is the most precious thing so if we relate time and money then Robert is richer because Robert works 60 hours lesser then ram.

He can do many other things in those 60 hours in a week like he can learn new things can improve his business skills and can expand his business and can increase his income.

He can give time to himself his family friends and can give attention to his health because of which his life can be happier and positive on the other side doing these things could be very difficult for ram because he does not have that much time not only this but also a concept is known as arbitrage

Make this comparison more interesting because ram works in a big company which is located in an expensive the city where he has to travel so it is necessary for him to stay near his company’s location on the other side Robert does an online business so he can almost work from anywhere in the world where it requires only a laptop and the internet.

Ram has to go five to six times a week in the office it cost a lot of travelling food and house rent or maintenance expenses to him because he lives in an expensive city so even after earning more he cannot save much but on another side, Robert has an online the business he can travel the world and can work at the same time, in fact, he can earn in dollars and spend in pesos (stay in the Philippines).

Which makes everything cheap for him now if I do a comparison ram can go to a big restaurant and can have his proper meal just once with that same amount Robert can go to restaurant 6 times and have a proper meal and because of all this his expenses are less and his saving is more geo arbitrage means leveraging the economic difference between market to generate higher returns which are possible only for Robert but not for ram.

Now the important question arises just like Robert is it possible for us to spend less time and earn more money so the answer for this is yes it’s absolutely possible even you can do this by making

Your income automated which you can learn by my blogs but could explain you this in short first active income for earning it we always need to be active means if we do not work we will not earn or will not get money.

For example;  doing a job or having own shop managing single handily.

 Second passive income where it is not necessary to work to get money even if you have to work then it will not be for more time.

For example; renting shop so that you can get its rent so you can get monthly income without doing anything or start an online work like blogging, youtube channel where you can earn money by uploading articles or videos.

There are many ways of earning automated income by the use of the internet but the most popular three ways are first by making own product or content, second by licensing the product or idea and the third one is reselling things.

Among these three the simplest the way is the reselling suppose you want to become a reseller than at first you have to purchase some product in order to sell it you can buy from any a wholesale website like Alibaba or from any website/any source as per your knowledge from where you can buy at a lesser price.

Then you can resell it same way as you have purchased or by doing some changes by making it more better like doing painting on it then you can sell the final product with profit the margin on your website which you have made.

If that’s not possible you can sell it to Amazon, Flipkart websites by becoming the seller obviously this idea will not be as easy as it sounds, however, you have to learn many things before its execution but if you learn everything at once easily and learn how to outsourced work by doing all this you can earn a lot of automated income.

Be effective, not efficient

Elimination

if you want to get best results out of your work at a lesser time then you must know what all selective work you must do and most important you should know what you are not supposed to do, to understand this more properly the 80-20 principle gets highlighted here 80-20 principle means the maximum results which you get it from less work infect you will get 80% of your results just by your 20% work.

So you must know what that 20% works are. So that you can entirely focus and concentrate on that 20% work and can eliminate the remaining 80% work.

Outsourcing

As a child looking at rich people I use to think that they hire other people for every small work like keeping driving for household work they hire servants so I use to think they do all this for show off or maybe they must be very lazy but later on, I have realised how wrong.

 I was usually rich mentality people hire servants to save their time not to show off because they know the value and importance of time they know the more time they spend on driving and other small work the same time they can utilise by doing other important and useful work from which he can earn more money than all servants salary at once.

Even you have to do the work which can be done by only you in which you are the expert and rest work can be outsourced to others