Dec 2006
08
12:34am


Different ways to make moneyI once talked to a Chinese businessman about his ways of doing business. One thing he told me that I can’t forget is that “there are a million ways to make money on this planet, most people just don’t see it.”

Back then, I can’t really understand what he was talking about. How could there be so many ‘blind people’ in the world? Thing is, if there are a million ways to make money and many are still at or below poverty level, then majority of the people in this world are blind. To be honest, during the time of that conversation, I can’t help but say that I too was blind.

It took years before I actually realized what the “million ways to make money” he was talking about is. It’s called opportunities. The problem is that many people are not trained to identify opportunities. I strongly believe that every person encounters at least one money making opportunity per day. Sad to say 90% of the population can’t really identify what the opportunity was until after they see someone else grab it – then they say, “Why on earth didn’t I think of that?”


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One can make money through buying and selling items either offline or online. People do this online through ebay and other auction sites. I also know people who make money in the order of thousands just by reselling products. This is also known as affiliate marketing and it is fast becoming more popular on the web. Online, there is also pay per click advertising and though the earnings per click can be as low as $0.01, there are people who have managed to master the technique and are now earning hundreds of thousands of dollars just by putting PPC ads and / or selling ad space on their website.

Offline, I personally think that the food business is a great opportunity and here in the Philippines, franchises for food cart can be as low as P50,000 (about $1,000) only and that covers all the necessary equipment and training to start a definitely good food business. Btw, if you’re interested to find out how to get really cheap AND legal micro-business franchises in the Philippines, just send an email to e@mikelopez.info.

One person I remember who’s good in identifying opportunities was my stepfather. Once, he was so sick that he can’t leave the house and yet he managed to make money just by looking at the local newspaper and making a few phone calls.

I also know another person who makes lots of money and manages to support his entire family (and extended family) by selling his expertise as a consultant. Yes, consulting can be very lucrative in terms of making money.

Anyway, the whole point is that money is everywhere and as Robert Kiyosaki’s Rich Dad puts it, money is just an idea and ideas are free. The only thing you need to do is expand your boundaries and learn to identify opportunities as they come along. Who knows, you may just manage to retire young.

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So, before things get too late, I tell you this — start making money NOW!

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