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Emily27
YOUD NEVER WANT TO WORK FOR SOMEONE AFTER READING THIS
~4.0 mins read
You have two choices in the career world, either you work for someone or you get people to work for you.While the first might look good, getting people to work for you actually makes you more profitable to the government, and of course, the universe.
Before we begin, I want to make it clear that everyone won't be an entrepreneur, you know? That too comes with a lot of responsibilities. If your personality suits working under a boss, I still advise you go for it.
In my next article, I'd be listing out some things no one ever told me about being an entrepreneur. The commitments, downsides, tussles and more. But till then, ride with me as I explain some things you will love to hear about entrepreneurship and being employed.
In this piece, I'd be using two fictitious names, Todd and Titus. Todd is doing a regular job (probably teaching) and earning a monthly salary of ₦150,000 while Titus just launched his business last year and making an average profit of ₦120,000 per month.
Let's assume Titus is a web-designer and charges ₦50,000 per website, and gets a ₦20,000 profit subtracting the charges for the host, domain and other fees, to make ₦120,000, he needs to create an average of 6 websites per month.
At the end of April, he sees the need to expand and increases his advertising budget, thereby reaching more potential customers. By the end of 2019, his web design firm starts getting over 15 jobs a month and he hires one person to assist him, whom he pays ₦50,000 a month.
Calculating his income, 15 x ₦20,000 = ₦300,000 (- ₦50,000).His firm will be recording an income of ₦250,000. Remember he'd still have some running costs to cover, like fueling his generator, paying house rent and advertising his firms.
If he uses ₦1,000 to buy fuel in a day and works for 28 days in a month, he spends ₦28,000 on fuelDepending on the city, he might spend ₦15,000 on rent monthly (ie ₦180,000 per year), andMinus another ₦50,000 which he spent on ads, you'd see that he spent ₦93,000 last month on running his business.
₦250,000 - ₦93,000 = ₦157,000
Todd still earned his salary of ₦150,000 while Titus recorded an average monthly profit of ₦157,000 at the end of the year.
As a salary earner, Todd will save any extra money by by depositing it into a bank, which in turn earns him an annual interest of 5%.
In the advanced world where you earn per hour, you'd have to calculate your income with the paycheck formula.
Paycheck = (hourly pay) x (hours worked)
Remember there are only 168 hours in a week, so basically you can't work for 500 hours no matter how strong you are.
According to TowardsDataScience.com, an average American man works 41.0 hours per week while the ladies work an average of 36.3 hours per week.
₦150,000/160 hours = 937.5(To not complicate things, let's assume you're earning ₦1,000, which equals ₦40,000 a week)
Now as a employee, you're limited in the sense that:You can't work 500 hours a weekYou can't force your employee to pay you ₦15,000 per hourYou can't ask the bank to give you an annual interest of 100%
While Titus finds out that his firm is getting more jobs than he can handle and they've built an authority in the industry, so he hires more employees and increases his charges.
In a few years of running, he'd have built his portfolio, and gained some reputation. He won't be limited because as new businesses emerge, the need for websites increase. He won't be limited with time because he already had more employees, whose salaries are fixed.
Titus will now have oversee the running of his business while his employees do the jobs of creating the websites.
Titus can in the later run, decide to expand into mobile app development and social media management. Looking at his industry, you'd believe with me that his clients may also be needing the services.
I gave a very simple example above, but the same scalable variables exist in everything Titus works for which usually come from these three main categories:• Owning a Business• Stock Investing• Real EstateNotice, these are NOT earned income (job).There are seven common streams of income:• Earned income• Profit income• Interest income• Dividend income• Rental income• Capital gains income• Royalty income
All of the above listed, except earned income are scalable and controllable in one way or another.
Before we begin, I want to make it clear that everyone won't be an entrepreneur, you know? That too comes with a lot of responsibilities. If your personality suits working under a boss, I still advise you go for it.
In my next article, I'd be listing out some things no one ever told me about being an entrepreneur. The commitments, downsides, tussles and more. But till then, ride with me as I explain some things you will love to hear about entrepreneurship and being employed.
In this piece, I'd be using two fictitious names, Todd and Titus. Todd is doing a regular job (probably teaching) and earning a monthly salary of ₦150,000 while Titus just launched his business last year and making an average profit of ₦120,000 per month.
Let's assume Titus is a web-designer and charges ₦50,000 per website, and gets a ₦20,000 profit subtracting the charges for the host, domain and other fees, to make ₦120,000, he needs to create an average of 6 websites per month.
At the end of April, he sees the need to expand and increases his advertising budget, thereby reaching more potential customers. By the end of 2019, his web design firm starts getting over 15 jobs a month and he hires one person to assist him, whom he pays ₦50,000 a month.
Calculating his income, 15 x ₦20,000 = ₦300,000 (- ₦50,000).
If he uses ₦1,000 to buy fuel in a day and works for 28 days in a month, he spends ₦28,000 on fuel
₦250,000 - ₦93,000 = ₦157,000
Todd still earned his salary of ₦150,000 while Titus recorded an average monthly profit of ₦157,000 at the end of the year.
As a salary earner, Todd will save any extra money by by depositing it into a bank, which in turn earns him an annual interest of 5%.
In the advanced world where you earn per hour, you'd have to calculate your income with the paycheck formula.
Paycheck = (hourly pay) x (hours worked)
Remember there are only 168 hours in a week, so basically you can't work for 500 hours no matter how strong you are.
According to TowardsDataScience.com, an average American man works 41.0 hours per week while the ladies work an average of 36.3 hours per week.
₦150,000/160 hours = 937.5
Now as a employee, you're limited in the sense that:
While Titus finds out that his firm is getting more jobs than he can handle and they've built an authority in the industry, so he hires more employees and increases his charges.
In a few years of running, he'd have built his portfolio, and gained some reputation. He won't be limited because as new businesses emerge, the need for websites increase. He won't be limited with time because he already had more employees, whose salaries are fixed.
Titus will now have oversee the running of his business while his employees do the jobs of creating the websites.
Titus can in the later run, decide to expand into mobile app development and social media management. Looking at his industry, you'd believe with me that his clients may also be needing the services.
All of the above listed, except earned income are scalable and controllable in one way or another.
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Emily27
10 WEBSITES THAT CAN LAND YOU FREELANCE WRITING JOBS IN NIGERIA
~7.9 mins read
Freelancing is a great job for people that want to earn a living online because of its flexibility. It is a special kind of job that allows people to work at their leisure, anywhere and anytime. As a freelancer, you'll be left with so many options to choose from depending on your passion and skill. Are you looking for the best freelancing websites that pay directly into your bank account, well there are over a thousand of them, or rather there are so many of them. There are many legitimate websites that you can join in order to get your gigs in front of many potential buyers and to crown it all, they support Nigerians.Unlike Textbroker and other freelancing websites, the ones that I'll be sharing here support Nigerians and many of them are even Nigerian websites, so you won't have to bother about discrimination due to your continent or method of payment.However, some that will be listed will also be paying via Payoneer so I suggest you create an account if you don't have one already.
As a freelancer, there are many jobs that you can offer and they all depend on your passion and most importantly, skill. So if you'e not learn anyone yet, I suggest you chose from the ones listed below and make a choice for yourself.High Paying Jobs For Nigerian Freelancers
- Freelance Writing: This simply means writing articles for money and it's one of the easiest many people engage in. As a freelance writer, you'll have the freedom to choose your gigs and also work at your desired time. However, the job is very competitive so you really need to be nice in order to get good profit from it. If you want to learn more on how to earn money as a freelancer, please check out this post on how to make money online as a freelancer in Nigeria.
- Guest Posting: I should have included this in the freelance writing but I need to explain more on it. Guest posting is a high paying job but it doesn't come every time. I got two last months that should have landed me more than $2,000 but my client stopped the job after a few deliveries.
- Graphics Designing: Although I'm not into fully into this, I've only created logos for a few clients but I have friends that make good money online as graphics designers and they are really happy doing the job. With a few graphics designing software, you can create amazing graphics that would land you good money after a successful gig.
- App Creation: I'm not into this but the job is very lucrative and an app can be created for as much as $2,000 or as low as $50 depending on the client. If you can bring out your time to learn how to create apps, then in no short time, you'll be earning a good money online creating apps for brands.
- Website Creation: This is another very lucrative job especially in a developing country like Nigeria where people are still grabbing the trend of internet marketing. Many firms need e-commerce shops, forums, official websites, students' portals and many more.
- Blog commenting: If you are less busy, then you can make good money commenting on blogs for your clients. Many people believe that Google and other search engines rank them based on their links that appear in other related blogs and if you can deliver the jobs fast, then you'll be landing yourself good job. But the pay might not be high, and you might not land clients easily.
Freelance Writing Jobs In Nigeria
Nigerian Blogs That Pay Writers
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