If you’re looking to get money now, the way to do it is by selling a service. Selling a service is how you make your life easier if you’re trying to get started from a total economic standstill. People who sell services make good money, and they can get a lot of customers if they’re reliable and able to beat the market in terms of value. If you’re broke and trying to get your life started, start selling a service. Get a job first if possible. But definitely sell a service.
When you sell a service, you can get money before spending
This is really the essence of the value of selling a service. You don’t have to go deep in the hole to build your business. Anyone with a bit of time can sell a service.
When you sell a service, you can receive money informally
This applies to online stuff too. You can get people to PayPal you, amongst other things. If you sell a service rather than a product, you can get money informally, aka fast.
When you sell a service, the startup costs are the tools, and your time
If you’re smart, you try and start a business that is built on tools that only require a one-time purchase. That way, the only thing that you risk is your time. At that point, you want to try and create a system that makes money for you as fast as possible. The more time you waste, the more of your life you spend spinning your wheels. Be very careful.
Home services businesses are a good place to start
Home services businesses are the businesses nobody wants to get into. They’re hard to scale because customers aren’t loyal, and employees don’t want to do tough, low — wage work. But if you’re broke, you don’t have many options. Home services businesses are what you should be building if you have no skills or contacts. Just sell your time until you have some savings.
Healthcare
The cost of healthcare is very, very high. If you have a healthcare related skillset, you might have a reliable business idea. I don’t know how this stuff works. I’m a writer, but I know that it costs a crapload of money to keep people healthy. Those who can get in on this can profit handsomely.
Financial services
If you can do even basic accounting and bookkeeping, you’re ahead of the pack. Providing financial services for other people is a great way to make money. The best way to do it is to get educated in basic finance and help people with accounting. If you’re in a country where people are more advanced, get a bachelor’s degree and learn a bit of coding. If all else fails, you can get certified in bookkeeping online.
It’s all about sales
If you want to make money fast, you have to build relationships and attract clients. That’s the only way to get anything done in today’s world. If you’re able to sell and attract clients, you’re going to be able to get some money quickly. A lot of attracting clients is selling something that’s in demand. I remember back in 2020 when I left the United States websites were in demand.
Customer relationships are everything
It’s harder to get a new customer than it is for an existing customer to come back to you. One takes effort and the other doesn’t. If you can learn the soft skills required to maintain good customer relationships, you’re going to make good money. Lots of random stuff can make a customer either love or hate you. It’s up to you to learn.
Downside: people can copy you
If you have a product or some intellectual property, it’s pretty much illegal to copy you. Brands can be imitated, but they can’t be ripped off. So, people who sell services are quite vulnerable. Most people hedge against this by becoming highly skilled.
Service based businesses take a lot of work. They aren’t very stable, and they’re kind of a pain in the ass. But they have a tendency to make money fast. There’s no such thing as getting rich easily, but if you want to do it reliably, without going viral, you’re going to want to start selling a service. The hardest thing is figuring out how to craft an offer. But once you have people willing to buy from you, you’re well-positioned to win if you’re reliable.
Thanks for paying attention.
