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Wondering: how can I earn money?
Let's answer it...

When you're wondering:

  • How can I earn money?
  • How can I improve my personal finances? Etc...

You're thinking about you, about how you can earn money, how can you take advantage of the market and what is profitable, right?

If you're new here in the site, please take note this article is part of a section dedicated to learn about how to make extra money as a first action step to improve your personal finances.
For your own benefit, we encourage you to read this article and if you need more information, go to the main page of this section to follow the sequence of articles. You can use the links at the bottom. Thanks and enjoy!

But what you don't realize is that you have to think in the opposite direction to find the right answer to the fundamental question: how can I earn money? What I mean with opposite direction? Simply focus in others, not in yourself. Ask you questions like:

  • How can I help others?
  • What do I know that can help people?

Passion and personal strengths, the basis of any successful business

This way of thinking is the fundamental basis of many successful businesses. Let's analyze a couple examples:

Do you know who is Michael Dell of Dell Computers right? In his book: Direct from Dell, he says that his competitive strategies are “speed to market; superior customer services; a fierce commitment to producing consistently high quality, custom-made computer systems that provide the highest performance and the latest relevant technology to our customers; and an early exploitation of the Internet.”

Also, Dell observes: “the real key to our success comes from within. It comes from knowing our strengths and being open to experimentation. It comes from the determination to learn from our mistakes and look for ways to continually improve. It comes from being willing to challenge conventional wisdom and having the courage to follow our convictions. It comes from an innate fascination with eliminating unnecessary steps.”

What do you think was the fundamental way of thinking of Michael Dell?

Probably was: Ok, I know about computers, now how can I bring people quality computers at lower costs?

Those are the kind of questions you have to ask yourself before: how can I earn money?

Robert Kiyosaki is another example that passion and a truly desire to help others is what drives money at the end of the day.

In his books he specifically mentions that his education business: Rich Dad Company is based on this mission: to elevate the financial well-being of humanity.

He also mentions that although he was successful in the real estate business his passion is to educate and that by following his passion he found a better and most rewarding way to make money.

My personal experience

I made several mistakes just because I didn't make these kinds of questions to myself and my "how can I earn money analysis" was limited to profitability aspects.

For instance, when I tried to begin with an eBay business, I researched profitable products to sell and my best choice was: skateboard ramps. I invested time and money to find a trusted supplier, open an account with them, etc.

But only when I sat down to write my ad I realized that I couldn't do it well. Why? Because I never went skating! Skateboard ramp? What was that? I didn't know the terminology, preferred materials by skaters, protection measures, etc. A complete waste of time and money.

Don't let this happen to you. As I always say: make your own mistakes not others'.

Therefore, I suggest you to respond to the question: how can I earn money? by focusing on what you are good at, love and feels passion for. Ask yourself how you could help others with that knowledge.

Let's watch this video were Ken, the entrepreneur who created SBI! (The tool who allows you to make a business based on your passion and knowledge) talks about this topic:

 

For additional explanation about how to turn your passion in business click here.

Conclusion

As Malcolm Forbes said:

The biggest mistake people make in life is NOT making a living at doing what they most enjoy.

- Malcolm S. Forbes (1919-1990)

What I liked of SBI! is that is a versatile tool that allows you to use your passion, natural skills or experience to build a business. This tool doesn't require you to adapt to it, instead it is customized for you.

Passion sometimes is what makes the difference between a good business and a complete failure, so take this into account if you're wondering: how can I earn money?.

Now let's back to the main page of this section to learn more about how to make extra money as a first step to improve your personal finances. Just use the links below:

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