Archive for the ‘Make Money’ category

Hustling Is Over. Now You Can Sell your Music Online.

March 4th, 2010

How much do Kenyan artists, musicians and those wannabes who feel like celebs make from their efforts? With piracy trends on the upward, making money as an entertainer here in Kenya seems to be a hard call. Waiting to get an invitation to perform or curtain raise for others may not be the best way to make serious ‘bucks’ for the so called ‘wasanii’. We have seen them complain that Kenyans don’t appreciate local talent. We have seen them floss with the little they make –is this really a celeb`s life?. If you are reading this and you are musician or an entertainer listen carefully because what you will discover will open your eyes and do something.

Let me ask how many local artists Jua Cali, Nameless, Wahu, Redsun etc market their music, tickets and events online? How many if I ask have a website or a face book fan page.

So why do many local celebs fail to market their music online? Why do they go down the traditional route of taking it their music to the radio stations? Now it’s to live the life you deserve.

If you are an artist its almost criminal if you don’t have a website and its almost suicidal if you don’t have a list: a collection of email addresses (of your fans, leads and purchasers of your music) .Your website is where you send all of your prospective customers. Your website must contain details on how to purchase your music, both online and offline. I would also recommend having a ‘sample’ piece of music for clientele to listen to for free and to be able to download the a sample.

Ring tones have made Cellulant and mobile planet richer by the day and you too should have ring tones (as a product) of your music online. Sample this just by selling 30 ring tones a day at Kshs 30 brings in (27,000 kshs) every single month. And that’s with very little sweat because everything is automated. Once you have a website running you can get sponsors via co-branding rights. Lets say we have Jua Cali as our artist who has a website running and receives 20,000 visitors everything month. Jua Cali can get sponsors(convincing sponsors to brand the website becomes easier since we have some traffic already) and advertisers(by selling advertising spaces ) to his website .The money he gets can supplement what he makes offline. If you combine the income from ring tones, online CD sales and sponsorship revenue then Jua Cali could be living the real celeb lifestyle.

And where will he get these 20,000 visitors?

1. Via Search Engine Optimization-Marketing the website by improving its rankings

From my research, the term “Jua Cali” (I know it may mean the other Jua Cali out there) alone receives 4,000 searches a month .Other important terms like ‘Kenyan music, (searched 20,000 times a month) and ‘Swahili music’ (9,900) all point to a lucrative undertaking – note that these are buyers and business leads. See other popular search terms from the table below. Even if he gets 20% of these visitors to his website then the chances of conversion are quite high. It seems crazy to miss out on this. Doesn’t it?

2. From YouTube and other video hosting sites
This is the new way to market your music online. You Tube has simply taken the world by storm, not only from a viewers perspective but from a marketing perspective also. Similar to video clips that you see on MTV you are able to create your own video of your music and upload them on YouTube.

3. Facebook and Twitter

Facebook, twitter and the Social media represent the new way to market your music. Facebook alone has over 1/2 million Kenyans and from Alexa.com, facebook is in the top ten of Kenya’s most popular websites. As an artist who wants to make serious inroads, facebook and twitter should become the focal point of your marketing efforts. Alongside your website you will need to create a fanpage updated daily. Let the fans know about your next event, upcoming album, collabos, where to get the tickets. The point is: engage and interact with fans and you will surely never run hungry.

4. Forums
Forums are an old and popular way to marketing your music, and it still works today. Not only can you specifically market your music in the forum, you can also market your music by just posting messages about anything related to music. For example, if there is a discussion about the kind of music you sing then post your comments and put a link at the bottom of your post to your website. So not only do you market your music, you also marketing to the right group of people, music lovers!

It’s time to sell your music to the world.

To your success,
Kihato Mwangi

Starting An Online Record Label

February 25th, 2010

How much do you think local musicians earn from their music? I bet it is pretty low. Perhaps that is why musicians in our part of the world have full time jobs. As a musician, when you give your song or album to a local record label such as Ogopa Deejays, or Calif Records…how much do you earn? How much do they earn?

I believe that all artists should have affordable access to all channels of music distribution, get all of the money generated from the sale of their music, and all without giving up any of their master recording ownership, copyrights, merchandise rights, live performance income, public performance royalties or any other rights or money. Do you share my beliefs?

So recently I helped a friend (a musician) set up online. He made a sale yesterday. A Swedish couple, in Sweden, liked his album, and bought it. My friend emailed me saying, “you should start an online record company.” I actually have thought about that for quite a while. I know for sure that our local artistes have a far better chance of earning from their music online than through the local market. Blame piracy.

Is there need for an online record company? Well, look at it this way…if I was a musician and I found out that I can quit my day job and focus on my music, I would jump at the opportunity! Would you? The bigger issue is whether there is a market for Kenyan music online. More research needs to be done on this but I do feel there is a large and untapped market for anyone’s (not just Kenyan) music online.

What would it take to start an online record company? I do not know. But as with all good ideas that I have, I shall share my thoughts with you, dear readers.

First and foremost, one needs to know how to market online. You shall be taking the hopes and dreams of people and you shall be responsible for their success or failure. You need to know how to build an online presence, nurture it and grow it. This requirement means that, currently, not many Kenyan are qualified to start an online record label.

Secondly, one needs to understand how to market music online. Apart from setting up the artist’s website, blog, etc etc one must be able to actually find a market for the music, and then sell it. The most obvious places to sell seem to be places like: iTunes, Amazon MP3, Zune Marketplace, Rhapsody, eMusic, etc. One should also understand the more indirect methods of selling – for example, one American band famously gave away all their songs free on MySpace. They then went on a tour of the USA, and had live – well paying – shows in almost every town, big or small. Despite being a small unknown band, almost all their shows were well attended. It turns out almost everyone knew of them and liked their music (they got it free).

Looking at the two requirements above, I would say that, really, all a prospective online music label needs to have people who know the Internet; people how know marketing and, above all else, people who are creative and are not afraid to to do new and different things. Could this be you?

Let’s be honest, some music is harder to sell than others. If I had an online record label, I would find ways to work with only those musicians whose music inspires or impresses me. One would think that the best way to run the business would be to accept all musicians. I be to differ. Perhaps you can offer certain limited services to every other musician but I believe real success can only be achieved if you work with musicians who you believe in. Marketing is challenging, online marketing even more so. if you do not believe in what you are trying to market, then you will not market it so well.

Finally, my type of online music record label would be creative in how it charges its musicians. I believe that musicians deserve 100% of all their royalties, copyrights, merchandise rights, and any other rights. Instead of charging a commission on the royalties, for example, I’d charge a small annual fee (depending on how much work I do for them).

Does this make sense to anyone? Discuss below, let’s start an online music record label, shall we?

Photo by Shankar, Shiv.

Should You Work For Free?

February 22nd, 2010

The primary reason for business is making money, that’s a given. Business is not like art, it can never be done just for the sake of it.

But business is not as simple as art. A piece of music or a pretty picture can bring infinite pleasure even if no one actually buys it. You could be carelessly singing in your shower [or the karaoke bar] while your audience marvels. Some genius could tape you and post it on youtube where it will virally spread and make a billion people’s day.

Hopefully, the appeal will be your singing voice rather than anything else.

But business isn’t like youtube karaoke. A business that isn’t earning is … well … not a business; it’s just a person being busy.

That said, benefits are not always monetary. Say, for instance, that you attend a seminar. You won’t get paid; more likely you’ll spend to attend. But you may learn a skill, and you will meet a hundred other people, all of whom could possibly buy from you. If you use 2 or  3 thousand to attend a workshop, meet two hundred people, and five of them end up being your clients and pay one thousand a piece [probably more], then it’s totally worth it.

The classical musicians of the past did not always get salaries. Many of them worked for food and board. They lived with their patrons and were given nice clothes, royal treatment, and access to a full time orchestra. They produced some of their best work for ‘free’.

The same applies with freelancing. We are often advised not to work pro bono, and no professional does anything for nothing. So when a client approaches you, you need to seriously review your options. What do you get out of it? Will this help you to meet potential clients? Will you learn anything new? Will it push you out of your comfort zone?

Are you engaging with people, getting ideas that you wouldn’t find by sitting alone in your office or at your computer? Are you meeting experts from other fields, people who could expand your pool of information? Are you forming relationships that can give you an edge as you find ‘free’ manpower to ‘outsource’? Are you making friends who could support you, advise you, [buy you birthday presents] and bring business your way?

And if this is the case, then are you really sure you’re not getting paid?

Sometimes your wage doesn’t come in cents and zeroes. Just because nobody is showing you the money, doesn’t mean you’re working for free.

Crystal Ading’ is a professional author, editor, rock lover and mother. Her work is available through www.threeceebee.com.

Making Money With A Blog

January 13th, 2010

There’s a lot of information out there about making money with a blog. And a lot of hype. For example, this article reports of blogs making $15,000 a month! Imagine that. There’s no doubt that you can make money from blogging. The blog your are reading does, in fact, make us money. :) If you missed it, here’s a series of articles that we did on setting up a simple blog business.

However, I thought it is important to write something of a ‘reality check’ concerning making money with blogs, especially in Kenya.

So, you want to make money blogging? Welcome to the club! Thousands have gone before you and many have succeeded but the sad fact is that the overwhelming majority of bloggers make little money or, most likely, nothing at all. I’m not trying to discourage you, just telling you as it is :)

Many bloggers that I know of start off with the idea that they’ll make money from advertising. This is cool – thousands of blogs survive and thrive on this, especially with Google’s Adsense program. But, and it is a big but, the truth is that advertising may not be your best option. In fact, many of the blogs that fail were started with this general plan: Start a blog – write many cool and interesting and fun articles – get lots and lots of visitors over time – make money. This may very well fail in today’s internet. Why? Well, it is very difficult to make substantial amounts of money off advertising alone – especially with Google Adsense. Yes, Adsense is wonderful and it supports thousands and thousands of blogs to make money but it does not work unless you are getting large numbers of visitors to your site. If you don’t get at least a thousand visitors a day then Adsense will very much disappoint you. That’s the truth. So don’t base your whole plan on advertising alone.

The good news is that there is a world of options for blog owners. For example, Kenya Buzz (which is not a blog), managed to get some advertisers on their site even when their visitor numbers were pretty low. I’m not sure how much they charge but it’s got to be something worthwhile. If you can get such advertising deals for your young blog then go for it, by all means. This brings me to another important point, unless you have very high visitor numbers, ’self service’ advertising works better than advertising platforms such as Google Adsense. By this, I mean that it would be better to try and find your own advertisers at your own rates than relying solely on programs such as Adsense. For one thing, you can make more money even if you don’t have the visitors – depends on how you structure your deal and market it.

Of course advertising is not the only way to make money using blogs. Problogger has a huge list of ways to make money using blogs. There are, indeed, many other ways. We have to keep in mind that, at its core, a blog is very much part of ’social media’ and web 2.0. A blog is a tool that you can very easily use to build a community of like-minded people. This is why, when it comes to blog monetization, I favour the techniques that use blogs to build or enhance a business. What I mean is that you do not actually make money ‘from’ the blog, but because of it. For example, Wambere does make money with Like Chapaa but not from it – she uses it to get clients for her other business. It works very well. So, for instance, if you are a photographer, you definitely want to set up a blog but not so that you can make money off advertisements or other ‘direct’ means – the blog helps you build a community of readers; it further helps you engage those readers and nurtures their interest in you, and your work. Selling your photography services to them then becomes much easier – and every new reader is a potential client who will love your blog, engage with it and, finally, buy your services. A blog is perfect for this. Blogs work very well for businesses that have a long sales cycle – businesses in which buyers take time before deciding to buy from a particular person/business. I hope I’m clear. In my experience, this is the best way to make money using blogs in Kenya.

So, before you rush out to your blogs, here’s some more thoughts:

  • You just have to pick a niche. Do not write a general blog, it gets you nowhere and will not build a very good, single minded, community. For heaven’s sake do pick a topic that you really love. There are many months of cold nights ahead and if you don’t love what your blog is about, then it will start to feel like a “chore” and then your blog will die a slow, miserable and penniless death.
  • Think clearly and rationally about the content of your blog. Remember that your content and style of writing will attract a very specific type of person. You want to avoid attracting people who will not end up being your customers because then you’ll be wasting time with the blog, ama? For instance, if you are a freelance writer, it may be very natural to write a blog about “how to write well” or “how to make it as a freelancer”. You will be surprised at how many people do this. The question is, who are your readers going to be? If you are a writer, and your readers are other writers, do you think they will pay money for you to write for them? No? Then don’t do it! Write about something like photography, so that you attract photographers who may then, possibly, need your writing services.
  • Blogging is hard work and it takes a pretty long time before it starts paying off. It may take months to years, even if you write daily. There are millions of blogs out there and every potential reader of your blog already has tons and tons of other things to do with their time. Please only do this if you are prepared to go “long term.”
  • As you work on your blog, you will notice that as time passes, you become more successful. If you picked a good niche and write quality stuff, then you will succeed, after a while. Just keep at it and have a clear picture of what you want from the blog so that you keep yourself motivated. Thinking long term is better.
  • Blogging money can be the best money you ever make! Most bloggers just love writing (because they picked a topic that they enjoy) for their blogs and when this starts making them money, it is pure bliss!
  • If you already have a web presence for your business, or if you are already into ecommerce, then you just must have a blog. It is priceless in terms of marketing and enhancing your online presence. For one thing, a blog does wonders to any site’s SEO (search engine optimisation). You’ll want to think clearly and deeply about the ‘tone’ that your blog will take. Make sure it goes well with the rest of what you do. Creativity is key, though.

So, that’s it, some random thoughts on making money using blogs. What do you think? We’d love to hear from you. We’re also available for hire, by the way. :)

Mr Planner

January 7th, 2010

Alibaba is an interesting website. You can use it to find manufacturers and/or suppliers of almost any product imaginable. If you wish to start a retail shop, Alibaba is likely to be very useful to you. Go on and try it and see for yourself!

Do you remember drop shipping from the other day? Alibaba is one place in which you can find lots and lots of Drop shippers. What does this mean? This means that, using Alibaba, one can quickly start an online shop. Just find a supplier (drop shipper) for what you want to sell and start selling it.

Now, here’s an idea: generally speaking, it would be more profitable to start an online shop with the target market not being in Kenya. An online shop that aims to sell to Americans or Europeans is generally, usually, more profitable than one targeting Kenyans in Kenya. Because internet penetration here is still low. Now, the problem with selling to Americans or Europeans is that if you are a Kenyan in Kenya then you probably know little about foreign markets and customers. You could start your little shop and go months without a single customer.

What can you do? Well, you can hire successful and proven eBay sellers. The idea is to structure a deal with them where they sell on your behalf. Theoretically, they already know how to sell on eBay and they should be able to sell your product better and faster than you. All you have to do is make sure that at the end of the day, you make your money somehow.

Now think about it. You have used a drop shipper and an eBay retailer to sell goods to customers you know nothing about. You are making money because you had the audacity to set the whole thing up. The whole ’system’ only works when everyone makes money and is happy. Looks like something that we should try in Biashara 30, eh?

Can it work? I have no idea! Why don’t you try it?

Drop Shipping For Kenyans

January 4th, 2010

“Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer. As in all retail businesses, the retailers make their profit on the difference between the wholesale and retail price.” (Wikipedia)

What this usually means is that one can start an online shop without actually having any physical inventory – whenever you make a sale, you give the delivery details to the wholesaler or manufacturer who then does the shipping and delivery. The customers are usually clueless as to who actually shipped the goods. If your customers can live with a small delay between when they place an order and when they receive the goods, then drop shipping will probably be of great benefit to you. You will greatly reduce all inventory-related costs.

Can it work in Kenya?
Drop shipping probably can work in Kenya especially for online shops. Theoretically, all one has to do is locate a reputable drop shipper, and they are in business! However, one has to take into account that online shopping is still not big in Kenya.

In the pure form of drop shipping, the manufacturer/wholesaler ships the goods directly to the buyers. This is the defining feature and main advantage of drop shipping. But what if you are selling flash disks in Nairobi from a Chinese manufacturer? Letting the manufacturer handle the shipping of individual flash disks may turn out to be quite a hassle. Because of this, some retailers opt to have the goods shipped to them so that they can distribute them more easier to customers. But if you do this, you start incurring inventory-related costs.

It seems that the best type of goods to deal with are those in which it is usual for the customer to place an order and then wait a while for delivery. This would give the retailer time to place an order with the wholesaler/manufacturer who then sends the goods to the retailer/customer. What types of goods are these? Furniture, maybe?

Selling Outside Kenya
Things get easier if you are selling to people not in Kenya and, preferably, in the West. Such people are more used to buying online. As a testament to this, did you know that a good number of people who sell on eBay use drop shipping? Why can’t you be one of them? You can start today!

The thing to remember is that you are dealing with people living in far off countries and so you have to make sure that you understand the market. For instance, if you are in Kenya selling to Americans, an American shop will probably find it much easier to understand, access and serve the American market. You have to try do something about this fact.

In conclusion, drop shipping can work, even in Kenya. But, as with everything else, it is not easy.

Smart Ways To Make Money Online With Nil Investment

December 14th, 2009

The fiber optic Internet is here with us, the Internet charges have dropped dramatically and the prices of computers too have plummeted to due to zero rating. With opportunities beckoning on our doors I don’t see why you should continue complaining that there are no jobs. With almost nil investment you can now make some money online. If you love freedom, that personal freedom to do what you love and enjoy, that comes with working without a fixed schedule or geographic location, then you are welcome to join the lucrative world of making money online with minimal investment. Even if you’re not looking to work full-time at home, the Internet offers a viable source of money which can help to supplement your regular income and improve your life style.

Today I will explore several ways in which you can make some money online. My ideas involve making real cash not points or credits or some funny rewards, they don’t require you to have your own Web domain or ask you money or have your own products or any hard-selling. Hapana. So let’s start.

Be an Online Freelancer
The easiest way to make some real bucks comes through online freelancing or contracted work. Take advantage of your skills and expertise .What do you love? Are you good in web design? Are you a good writer? Whatever your skill is put it to good use as an online freelancer. Perhaps the best place to start is getafreelancer or Elance or Guru or demand studios. No money is needed to subscribe and the registration is fairly simple. Take your time in each website and read the processes involved and make some bucks while you can. You gotta start somewhere.

Be an Affiliate
If this is the first time you are hearing this word then you have been sleeping. Affiliate marketing is one of the most lucrative ways to make passive income while you sleep and do the things you love .Young people all over the world have become millionaires and rich overnight without products of their own or any investment. Talk of Joel Comm., Russell Branson, Michael Sweeney, the king of the online marketing Rich Schfren and the John Reese-famed for making a million bucks online in 24 hours!

Anyway, affiliate marketing works like this: You sign up as an affiliate with a merchant and then promote a specific product or service and whenever a referred user makes a purchase based on your recommendations you earn some commission. If you’ve got an interest in weight loss as an example, you can make money promoting weight loss products. In terms of fashion wear, you can earn commissions by recommending friends to clothing websites with affiliate programs. Sounds fun?

The amount of money you make depends on what you are selling. Done correctly, affiliate marketing is one of the most powerful ways to make money from the web.

The best place to start is Clickbank which has over 200,000 affiliates and over 2 million affiliates’ products. Clickbank is one of the most popular affiliate networks 1)because it deals with digital or downloadable products and 2)because of its platform which makes it easier to select. Commisionjunction or cj as its commonly known is the largest network but deals with physical inventory.

Other popular affiliate networks include Amazon, Paydotcom.com similar to click bank and owned by PayPal, moreniche of which I am member (it’s so cool) and linkshare.com. There are thousands of affiliate networks and probably the best place to find the best affiliate programs is at www.associateprograms.com. Did I mention that www.africapoint.com (based in Kenya) has an affiliate program worth checking out?

Sell Your Stuff Online
Do you have pictures or do you have old stuff that you no longer need, do you love artworks or have some crafts? The Internet provides the best platform to sell your stuff. We all know eBay which provides an avenue to sell your used (new) products to people all over the world. In fact you don’t need to own any product to make money on eBay. (See drop shopping, below).

Those pictures you have may be worth some bucks. Check out citizen journalism websites like www.spymedia.com and www.citizenimage.com which will pay for your images. You can also try using www.shutterstock.com, the most established and lucrative micro-stock photography website.

Are you good in web design, content writing or graphics? , If you are, then you can sell your work at places like www.sitepoint.com or even Clickbank, warriorforum, or digitalpoint.com.

For craftworks, the best place to sell your works is www.etsy.com

Be a Dropper Shopper
This almost like affiliate marketing although it involves arbitrage (here you act as a broker).

It’s a method whereby you deal with offline retailers or exporters in other countries, or buy from one seller and sell to another.

Simply put let’s take the case of eBay. Using eBay’s pulse (sort of market research platform) you find that the most popular fashion item is skinny jeans. Next we research who are the sellers of skinny jeans – we assume our seller (the cheapest) is located in china. You contact the seller who gives you a deal of a certain % of sales (you can also get an affiliate code).Then you head straight back to eBay and find who is selling skinny jeans (in this case he is the buyer).

Armed with your information, you propose the deal to him that you can supply cheap quality skinny jeans and that you can handle shipping charges as a way to sweeten the deal. Deal done. Your supplier in china dropships (ships it directly to the eBay seller that you found) the product and remits your cut in good faith.

Otherwise with affiliate code you can simply open an eBay store and start selling skinny jeans. The seller (our guy in china) handles the shipping (drop ships-takes the product to the buyer’s doorsteps) and handles customer care issues.

Hope you get the idea .It is rather simple. Perhaps I should send you to salehoo, the world’s biggest drop shipping platform where there are thousands of cheap wholesalers located everywhere. Some of the prices offered by the drop shoppers seem outrageous but the commissions are quite handsome. Plus I find this idea of dropshipping so much applicable right here in Kenya. What do you think? Is this not what brokers do at wakulima market?

Some more hot money making ideas coming up in the next post. Keep reading.

To your success,
Kihato Mwangi

About me
I am simple young man who earns and spend most of my time online making some bucks and hunting for opportunities. I am also an entrepreneur (my firm handles life coaching, Internet marketing and how to be financially independent) and a small business consultant who is always eager to help Kenyans to be financially independent by making smart choices.

How To Get Out Of Debt

December 11th, 2009

Q: My query was is there a way i can get back to my finacial freedom after i took a loan with Barclays bank and currently paying through the nose with the big interest.also this has lead me to bad credit and i am always in a debit account so getting a top up is impossible.please advise. thanks

As I see it, there is no set path to come out of debt, everyone’s case is different. They key is proper financial management. If one has good money managing habits, they can theoretically get out of debt with ease.

There are two paths here:

  1. Income + Borrowing + Spending both = DEBT
  2. Income + Saving + Investment = WEALTH

Unfortunately, many many people follow the fist path. It is not fair to blame them though – we are only human and our wants can sometimes take control of our emotions and end up in us making wrong financial/money decisions….

So how does one go about getting out of debt? Here’s one plan. Kindly note that it is not the only way and there may be better methods out there.

First, take a piece of paper and list down all your sources of income (things that put money in your pocket every month). Next, list all your expenses (things that take money out of your pocket), including what you need to pay every month to service your loan(s).

If the total income is higher than the expenses, that’s super! Otherwise, you are in the red and things will only get worse unless you take control now. But how? First, do not get any further into debt!

Next, You MUST reduce your expenses (or increase your income!) so that you can comfortably pay your bills every month without accumulating more debt. Try your best and cut down on everything that is not an absolute necessity – make sure that you only pay what you absolutely MUST pay. If you can move somewhere where the rent is cheaper, do so; if you can cut down on your monthly bills, do so; if you spend money on anything that you don’t need to survive, stop that. Cut down your expenses brutally.

Doing this will make you able to service your loan. If, after you reduce your expenses, you find that your income is now higher than your expenses, put the surplus into paying off your debt. In fact, pour any spare money into the repayment of the debt. Think of the debt as a drain on your money – if you pay it off, you will have money to spend on other things. Put all your disposable income into paying off the debt until it is gone. If you have a savings account with money – consider using it to pay off your debt. Think of it this way: why earn 1 – 5% interest on your savings account when you have a loan that you pay at 18%? Use your savings to reduce the debt.

If you have more than one debt/loan that you need to pay, then you need to list them down and compare them. Which has the highest interest rate? Pay that one off first. You can do this: pay the minimum amount on the other debts/loans while focusing the rest of your money on the one with higher interest. Once you finish it off, move to the next highest interest rate debt/loan. Keep doing this until you pay off all your debt.

And when it is gone, then follow path two – which leads to wealth.

Basically, do as much as possible to acquire Assets while avoiding Liabilities. We can define assets as things that put money into your pocket and Liabilities as things that take money out of your pocket. For example, unless your are a taxi driver, buying a car is, in effect, buying a liability . Imagine that – who ever goes out of her way to buy a liability?

Income + Saving + Investment = WEALTH

Photo courtesy of alancleaver_2000.

Rich Dad, Poor Dad Part 2

November 2nd, 2009

We have looked at an introduction to Robert Kiyosaki’s ideas on welath in Rich Dad, Poor Dad part 1. Today, we’re going to look at the cashflow quadrant where Mr Kiyosaki talks about four different ways on how you can get rich.

Watch the video:

YouTube Preview Image

What do you think?

Make Money By Receiving Text Messages – In Kenya

October 5th, 2009

I recently came across an interesting Kenyan site: Jumuika. Why is the site so interesting? They will pay you for each sms that you receive from them. Imagine that! I could read text messages all day and all night….

The idea behind it is simple to grasp – all the text messages that they send to you are advertisements. Given the popularity of text messaging in Kenya, I think it is an amazing idea and, in my view, the company should have no trouble turning this idea into a success.

So, I’ve registered with Jumuika and I’m eagerly awaiting my first text message, and chumz. I shall keep you updated, dear readers, on how I find the service to be.

One thing I really like about Jumuika is that you can send 10 free SMS messages a day from your Jumuika account. Nice, eh? It may be too late for them to be as popular for free SMS as Sasanet once was, but its something. :)

However, their system is rather slow/buggy. I registered my account quite a while ago and I’m yet to receive my activation link/code. Hopefully they’ll iron this out soon. Jumuika feels like it can be a success.

What do you think?