Category Archives: Entrepreneur

Where do the best business ideas come from?

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Redbull

Dietrich Mateschitz was traveling through Thailand in 1984, drinking a bottle of Krating Daeng, an energy drink popular in the country.

The drink was especially known among drivers and others who endure long working hours.

He decided to set up a company in Austria to sell energy drinks after having his jetlag cured by the canned drink – now known as Red Bull.

Tatcha

Traveling in Japan, Vicky Tsai discovered something that helped her dermatitis. It was petal-thin blotting papers.

After discovering what it was, she sold off her engagement ring – and even her car to finance the purchase of 10,000 sheets – and sold them online!

Tsai soon continued to learn more about the traditional Japanese beauty techniques based off the infamous geishas.

This has inspired her to start her own cosmetic company, Tatcha.

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Starbucks

Howard Schultz joined Starbucks in the 1980s as the marketing director.

While traveling Italy, he became fascinated with the coffee culture there, which stressed on the relationship between the barista and the customers.

The baristas in Italy prepare and present the coffees they make with reverence.

Discovering this, Schultz became fascinated with the ritual and sense of community that he felt in Italy’s coffee houses.

He returned to the States and managed to convince Starbucks’ founders to test similar concept. It changed Starbucks forever.

They never looked back since.

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Lyft

Logan Green discovered how locals in Zimbabwe use crowd-sourced carpool networks while traveling around Africa.

These vehicles could be anything ranging from pickup trucks, minibuses to whatever was available that can be used as a form of transport. They are called kombis.

Green learned more about the concept, and brought the idea back home which was called Zimride – offering long-distance carpooling between campuses.

Years later, the company has evolved into a ride-sharing company known as Lyft.

Noosa Yoghurt

Koel Thomae was back home Australia to have her boyfriend spend time with her family.

During a trip to the Noosa Heads Beach, Thomae and her boyfriend bought passionfruit yoghurt at a shop. They liked it.

Koel was amazed by the taste, she decided to bring the recipe back to United States to launch her own yoghurt company, Noosa Yoghurt.

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How To Work Hard? (Seriously)

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Use failure to drive yourself

Your failures are your best teachers. I’ll never forget these words even till today.

Nobody gets it right the first time. Everyone makes mistakes. So stop whining.

The deal is whether or not you learn from those mistakes.

If you do, you’ll remember the painful lessons and sworn to never do it again. It is a part of who you are. You’ve learned.

Best of all, you’ll know how to deal with it next time you face it.

By constantly fueling your passion and knowledge from these mistakes, you will often not rest till you’ve accomplished certain targets. These will push you harder to work hard.

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Always Shoot for the moon

I don’t think this is the first time I’ve said this. Set yourself impossible targets and try to make it public.

By setting up yourself impossible tasks, you’ll attuned to higher standards of work ethics & thinking.

By making these targets known to public, it will only drive you further so you get to say ‘I told you so’ by the end of that journey.

So, take a paper and write down 5 impossible tasks you want to achieve this year, tell your friends about it. They will laugh, but that’s good. It’s your chance to prove them wrong.

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Network with Successful People

Like minded people think alike.

If your friends like to talk about things that don’t help progress in life; then you’ll end up like one.

However, if you surround yourself with friends who like to talk about ideas, opportunities etc, then you’re gonna become like one.

This is nothing new. It’s not rocket science. You are who you are friends with.

If you find it difficult to make new friends, go online; look for people in the entrepreneurial space.

Even website such as Meetup allows like-minded people to create event for them to meet.

Just jump on the bandwagon. Get a move on in your life!

Travel To 3rd World Country

This may seem trivial – it’s not. Living in a country where we have everything; water, electricity, internet, food deliveries and so on, we tend to forget how unappreciative we have become as a modern society.

This is why I recommend you to travel to third world country, or somewhere isolated if you can’t travel.

Go and see how people are living in poor countries. Witness their daily life routines; hunting and gathering for food, walk miles just to get fresh water etc.

How will this make you to work hard? Well, having seen how poor people live, you’ll start to appreciate the little of things and most important of all, you’ll quit whining.

You’ll begin to realize that work is nothing compared to what these people go through everyday of their lives!

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Set Long, Short Term Goals; and To-Do Lists

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It’s strange that I’d put this last. Personally, mentality comes first.

When you’re able to manifest the best version of you inside your mind, then, we can get to work itself.

So how does setting up goals can help you work harder?

To put simply, setting up long and short term goals will allow you to see the bigger picture.

You have a preview of that journey down the line. You know what it takes to get there.

This general outlook will help strengthen your view of success and that there is no shortcut.

Write down where do you want to see yourself in the next 20 years; this is your long term goal.

Then, list down essential achievements to get to your long term goal within that 20 years; these are your short term goals.

Finally, write down daily tasks en route to achieving your short term goals; this is your to-do lists.

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WHY THE RICH GET RICHER?

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THEY DON’T WASTE ANY MONEY

The idea of saving money is a boring idea of becoming rich.

Honestly speaking, this is the only way to do it – unless you have something up your sleeve (rich family), then you are at the wrong place.

It’s the only way because it does not matter how much money you make, but if you’re someone who does not spend or invest wisely, you’re not gonna end up becoming rich.

Look at some of the rich and famous people who made millions (or billions) worth of dollars, but ended up bankrupt. How is that?

It doesn’t matter how much money you make as long as you don’t know how to keep it.

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THEY LOOK AT THEIR NUMBERS DAILY

I personally know entrepreneurs who rarely look at numbers daily.

This is a bad habit.

Numbers don’t lie. It gives you a quick insight on where does your business (or personal finance) will end up heading.

This may sound trivial to some – reality is, knowing the figures gives you better understanding of your financial situation so you can make better decisions; short and long term-wise.

If your sales increases, look at expenses you did that made sales go up.

If your sales hit rock bottom, look at ways to cut your expenses that don’t seem to support sales.

And so on. You get the idea.

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THEY WORK SMARTER, NOT HARDER

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The idea hard work equals results no longer applicable these days. And the rich know this too well.

Yes, you still need to put in the effort – but it needs to be smart effort.

If you’ve been doing the same thing over again without much results, the answer is not to do more of the same thing.

Instead, you should start finding alternatives.

This is why successful people often continue to learn and be adaptable; so they can easily adopt new ideas or methods to get results.

THEY MAKE THEIR MONEY WORK FOR THEM

People often like to say rich people are lazy. It’s far from the truth.

Rich people know that they don’t always want to work and not to enjoy the success they have accomplished.

So, they are always on the move to make their money to do the work such investing in companies, stocks and so on.

This is how most rich people stays rich despite of always looking like they don’t work at all.

There’s nothing wrong with that. Who wants to work for their entire life?

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THEY VALUE MONEY MORE THAN OTHERS

There’s nothing wrong about valuing money more than everything else.

You worked hard for it. Of course you’re going to value it more than most other things.

If this doesn’t sound like you, then you’re going to have a hard time to get rich – or to stay rich.

Most people like to spend money every time they get paid. They like to spend on things that don’t make much sense.

They don’t save and invest. How can they?

This spending habit will leave them constantly living paycheque to paycheque; ends up having to work for their entire lives.

Rich people, on the other hand, knows how money works. They don’t spend their earned income.

Instead, they save a portion of it to invest. Once that investment bears fruit, only then they’ll start spending.

This is why rich people value money more than others.

THEY BENEFIT FROM HAVING GOOD CREDIT

I don’t think it’s necessary for me to talk in depth about having good credit, do I?

In short, good credit means easy access to financial loans, government grants and so on.

Access to such financial support is crucial if you wish to own a house, start a business et cetera.

Let’s move on. 

THEY DON’T KEEP UP WITH JONES

There is a saying that “Poor people like to talk about others, while rich people like to talk about ideas.”

No. I did not say it.

But I can support by talking from my experience itself.

If you pay enough attention, people who are doing well (or well on their way) rarely talk about others. We rarely gossip.

On the other hand, when I talk to average folks, they seem to prefer talking about things that don’t benefit.

Sometimes, I can even sense envy or hate (or both) in these conversations – which is another tell-tell sign of a person who will struggle in life. No offense.

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THEY PRIORITIZE SUCCESS OVER LEISURE

This does not necessarily means you should enjoy less leisure time. Nobody wants that.

Instead, create tasks and schedule them where you will only work around specific time and day(s).

Then, use the remaining time (or days) to enjoy some leisure activities ONLY AFTER YOU’VE COMPLETED YOUR TASKS.

This is what I mean by prioritizing success over leisure.

CONCLUSION

For closing, the most important thing is to, quote Nike ‘Just Do It’.

People tend to read and think a lot. We like to, sometimes, even over-complicate things. DON’T.

Just do it. Full stop.

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Get your Viewers Into Addictive Readers

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This is a question which has puzzled me for some time.

After years of writing for Honestmoneymakers.com and contributions to numerous publications, I’ve figured out what is it exactly that makes readers wanting to know more (at least I hope I did).

It all came down to what attracts us as human beings listed below:

  • Trust
  • Context
  • Curiosity
  • Clarity
Continue reading Get your Viewers Into Addictive Readers

How Much Money instagram models make? honestly.

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One of the most popular questions asked online: How much money Instagram models make?

After much research and interviews with models that I managed to talk with, here are some figures to give you an idea how much money do these models make.

Keep in mind, the amount money each model makes varies depending on popularity, demographics etc. So, I’d recommend to take these figures more like guidelines so you can have some idea about the subject; and not rule of thumb.

Less than 10,000 followers

“Micro” influencers are considered to be from 6,000 to 10,000 followers. Based on a recent survey, these accounts could possibly make up to, an average, $88.00 per post.

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Less than 100,000 followers

Influencers with 50,000 to 80,000 followers can potentially get around $200.00 per post, but the price point changes based on the advertiser(s).

An interview with Vox revealed that, ViralNation, an influencer agency (Pewdiepie one of their influencers), told the news outlet that micro influencers who have around 10,000-50,000 followers can make up to thousands of dollars now.

Less than 500,000 followers

Accounts of this stature (around 250,000-500,000 followers) have nailed that ‘game’ of Instagram influencing, with potential earnings averaging at $670.00 per post.

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1 million or more followers

Influencers with up to 1 million followers can get $10,000 per post.

Influencers at this level get paid handsomely – they’re getting into region where they can charge $100,000. Some of the more popular ones can even get $250,000 for a post!

These are especially true if the content is on Youtube and the influencer is in the gaming industry.

Extra: Some of the Popular Influencers Earning

Danielle Bernstein $15,000 per post (2 million followers)

Danielle Bernstein is a clothing designer with a whopping 2 million followers on Instagram. She is known for her blog “We Wore What.” As her popularity grows, Danielle launched her Instagram account to bring her vision to life; and to extend her reach to a wider audience. Today, she’s earning an average of $15,000 per post.

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Wendy Nguyen

Wendy is one of the most impressive Instagram models on the web who graduated from UC Berkeley with a major in psychology. She’s a major influencer on Instagram, Twitter, YouTube, and Facebook. She went viral after creating a video named “25 ways to wear a scarf,” in a matter of days.” Experts believe she earns about $1 million per year to date.

Bella Hadid $6 million per year

Bella Hadid takes part in numerous Instagram modelling campaigns online, working with popular fashion figures such as Michael Kors and Ralph Lauren. Forbes predicted, Bella earns in the region of $6 million per year, having 23.4 million followers supporting her.

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