Use Acquisition Versus Making Money: Which is more important?



So...I find it deeply fascinating to read and see about venture capitalist companies pumping money into tech start ups which focus a lot on getting X and Y amount of users. In fact, I was in a very short-lived pre-start up that focused a lot on the local market, and one of the co-founders also was very focused on getting users and "get funding to continue the churn and burn".

It is a concept that is highly alien to me, because it just doesn't make sense to me.

I would never invest in such a company.

I raised it again and again, that I want to create businesses that are self-financing and self-reliant from the get-go, so I want a time frame of 3 months to at most 12 months and a business MUST be profitable enough to pay employees, ourselves and provide damn good value to customers to keep coming back for me, and have extra for growth, research etc.

But this is me, maybe because I don't understand the world of tech, tech start ups and tech investing.

But what I can say, whatever I start up, I'm not going to do the pony dance and sing to raise funds, I rather take that time to actually serve customers, do deep research, and build a profitable company.

And when the company is profitable, the investors may or may not come, and that's irrelevant. Because it's self-financing and profitable. And I can scale it and grow it without having investors being worried and wanting to me to keep having meetings with them (the show and dance thing) to ease them that the business will be good.

What about yourself?

If you're a student, stay at home mum, or an executive, you must find a side hustle that you can build on the side.

It's not a luxury, it is a necessity.

It will give you options and flexibility and choices, and can be very low cost to learn and test and grow. Heck, the option that I am putting to you has even a free version (sign up for the free membership that don't even need a credit card too) and learn all you can about online business, experiment with the 2 free websites too.

I am making money online, and I can foresee my financial future getting better and better.

I believe in building a passive income internet business that will work for me day in, day out; serving readers and customers profitably and delivering value 24/7, and only one program taught and help me create a money making website, and it's the only program I feel very comfortable and confident in sharing: Wealthy Affiliate.

I'm tired of being cheated and scammed by gurus and programs out there that promises I will make money online by shelling out hundreds if not hundreds of dollars for their magic solution - note to self: there is no magic bullet solution. I am building my online businesses from scratch, finally making money online and I'll recommend you learn it too. It's a life skill and it'd future-proof your life and future income.

Sign up for the free membership (does not need a credit card) to start learning and read my full review on Wealthy Affiliate here.

Where to next?

  1. Back to NigelChua Home Page

  2. Contact me by email at (even just to say hi) nigel@nigelchua.com

  3. See the latest articles and updates at the blog

  4. Check out all the resources and tools I use

  5. See my top two resources below: Wealthy Affiliate (left) and Solo Build It (right) - both have very specific strengths and functions

Wealthy affiliate: #1 to learn how to build profitable wordpress online businesses

Wealthy Affiliate is my recommended for WordPress online businesses.

I've been a premium member of Wealthy Affiliate since 2015 and there are a number of pros to be with them, which you can read at my Wealthy Affiliate review here.

One of my favorite points of WA is that they have a try-before-you-buy forever-free membership which you can sign up here for free. No credit card needed.

solo build it (sbi): #1 for offline businesses local search engine ranking, traffic and lead generation

Solo Build It (SBI) is my #1 tool for local search engine optimization (SEO) domination as well for online marketing which I've been using since 2010 personally for multiple projects.

Read why I chose Solo Build It...

...and more importantly, why I still stay with Solo Build It (SBI) till today and use them exclusively for all my SEO, traffic and e-lead generation.


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#1 Recommended Online Business University And Platform

Name: Wealthy Affiliate

Scoring: 96%

Founders: Kyle & Carson

Pricing:

I've been a premium Wealthy Affiliate member since 2015, read my Wealthy Affiliate Review here.

I recommend them if you want to learn how to make money online.

Better still, you can try Wealthy Affiliate for free here.



Solo Build it (SBI)

Solo Build It!

Solo Build It is my #1 tool for local search engine optimization (SEO) domination as well for online marketing which I've been using since 2010 personally for multiple projects.

Read why I chose Solo Build It...and more importantly, why I still stay with Solo Build It (SBI) till today and use them exclusively for all my SEO, traffic and e-lead generation.



GetResponse Email Marketing

Building a relationship with your audience, customers and readers are highly important for any offline and online business, and I recommend GetResponse for their services, great price, ease-of-use.

Try GetResponse today (1st month free)

Bonus: learn how to use an email autoresponder



Google Suite

Google Suite (GSuite) is THE recommended Google tools for email, calendar, documents, sheets - for productivity  and communication.

GSuite/GMail one month free trial available here.



Shopify

Shopify has made it very easy to start an ecommerce business, solving most of the tech and logistical barriers and even has product suppliers with Oberlo!

Try Shopify today

Books I'm Reading

Holy Bible

Tribe Of Mentors

Seneca Letters From A Stoic

Seneca On The Shortness Of Life

See my full book/read list here.

Blogs I Follow

Tim Ferriss

Pat Flynn

Tony Robbins

Ramit Sethi

Richard Branson