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Just few minutes ago or few days ago, you asked yourself “HOW DO I MAKE MORE MONEY”
You checked your account balance and you tell yourself it would not be enough to start something so you end up spending it on items that generate more recurring bills for you.
After so much trials and error, i want to share some ideas on how to turn as little as ₦20, 000 To ₦1, 000, 000.
But before i do, i need to make this clear, for you to turn ₦20, 000 To ₦1, 000, 000 you need to know this.
1. You will need to love what you want to do.
2. You will have to understand that you need to Improve and invest in yourself.
3. You need to have a mindset that you are about to Build a personal brand
“Entrepreneurship is the thing that everyone wants to be involved in today. You can make millions by building your own brand as an influencer or business. Anyone can have a voice, thanks to social media.
So lets jump right in, Here are various ways to Turn That ₦20, 000 To ₦1, 000, 000
1. Learn a high-income skill
Spending your ₦20, 000 on books and training to learn a skill that will make you ₦100,000 per month or more is a valid decision.
Choose a high-income skill that helps organizations bring in revenue, such as affiliate marketing, Amazon kdp, digital marketing, Graphics designs, web development or sales. You can learn them relatively quickly as there are items everywhere to help you master any high income skill in a little time.
Once you make enough money, you can turn your side hustle into a full-time job. Then, scale and invest your profits. That’s how you build real wealth. If you’re persistent and good at what you do, you’ll get there. But it won’t happen overnight, so take baby steps.”
To get started, you can take buy any course on any skills you wish to learn now
2. Start an e-commerce business
The faster way to start a business is to Sell something people want again and again (in an ethical way) and this is what the E-commerce Business is all about.
E-commerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.
You necessary do not need to own a physical store or shop to start this Business, you can simply find a product and when you know the price, you can either buy it and increase the price or even just market the product on Jumia, JIJI, Facebook, instagram or google and when you get customers, you get and deliver the products.
Here is the trick here, find a Product you can buy cheap anywhere and increase the price whilst selling anywhere. (This is where learning importation comes in place, a High income skill)
Try different marketing strategies to sell the product — starting with social media, online advertising and content marketing. Then stop doing what isn’t working and start doing what is working.
To grow your business, focus on increasing the profit margin and the quantity you sell. Eventually, you want to own the brand so you have a valuable asset that produces wealth.”
3. Start a Coaching Business
There is a particular knowledge you have that millions of persons are begging to have. All you need to do is setup a training section either physical or online and charge them money to get trained on what you already know.
Once you’ve invested your ₦20, 000 in developing skills that make you an expert, you can build a coaching, consulting or mentoring business in your area of expertise.
This model is popular for many reasons: It’s fast, effective and requires minimal investment because the only cost is your time. When you’ve made some money from your business, invest the profits in Facebook ads to get more clients.
If you’re good at what you do, you can grow that investment into millions. To exceed the million mark, automate some of the coaching and hire other coaches to work for you.”
4. Sell an Ebook or Information Product
I made my first ₦1, 000, 000 by selling an ebook that i compiled called “ENDLESS CASH STREAM”. Over 2000 persons and more has bought that ebook till date.
This is called information marketing. Selling information to people in different formats, could be an ebook, audio cd or podcast.
The concept is quite simple, you can use your knowledge and resources to write a book or simply get one, price tag it and then use your ₦20, 000 to run adverts.
When you leverage adverts, you will see yourself making money in the millions in no time.
5. Create a Digital Course
what are digital courses? Well, quite simply, they’re like any other learning course you may find at a learning institute. Except they take place online and tend to be in far more specific subjects (e.g. How to invest in Cryptocurrency for Beginners) than available at standard learning institutes
Making your first digital course is FREE! It is just like teaching what you already know to people but making it available in a website, on video or through writing and allowing only people that pays to have access to it.
You can use less than N20,000 to host your first digital course online and run adverts with that same N20, 000 and get your first student.
Turning That ₦20, 000 To ₦1, 000, 000 never seemed so easier right?
Remember, you need to believe in what you do and love it for it to grow. Before i was making less than N100, 000 a month but now i am doing well over a million monthly. So do not think this is impossible. Just be dedicated.
Have any questions?
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