How to Profit with Friends in Singapore: Connections to Cash

In Singapore, opportunities to earn money are abundant. One often overlooked avenue is leveraging your network of friends. Turning friendships into financial opportunities can be both rewarding and fun, as long as you approach it with integrity and creativity. Here’s how you can start earning money through your friends in Singapore.

IDENTIFY YOUR STRENGTHS AND INTERESTS

The first step is to identify your strengths and interests. What are you good at? What do you enjoy doing? Whether it’s baking, tutoring, photography, or digital marketing, knowing your skills will help you determine the services or products you can offer. For instance, if you’re a whiz at math, you could offer tutoring services to your friends’ children.

Image Credits: unsplash.com

SHARE YOUR SKILLS

Once you’ve identified your strengths, let your friends know about them. Use social media platforms like Facebook, Instagram, and LinkedIn to share your services. Word of mouth is powerful, especially in a tight-knit community like Singapore. Don’t hesitate to ask your friends to spread the word. A simple post highlighting your skills and how they can benefit others can go a long way.

COLLABORATE ON PROJECTS

Another way to earn money through your friends is by collaborating on projects. If you have a friend who’s great at design and you’re good at writing, why not team up to offer a comprehensive digital marketing service? By combining your skills, you can create a more attractive package for potential clients. This collaborative approach not only enhances your offerings but also strengthens your relationships.

UTILIZE REFERRAL PROGRAMS

Many businesses offer referral programs that reward you for bringing in new customers. Check with companies in Singapore that provide services or products your friends might need. For example, banks, insurance companies, and telecommunications firms often have referral schemes. Share these opportunities with your friends and earn a commission for each successful referral.

HOST WORKSHOPS

If you have a skill that others want to learn, consider hosting workshops or classes. This can be done online or in person. For instance, if you’re a fitness enthusiast, you could conduct workout sessions in a local park or via Zoom. Charge a reasonable fee for attendance and encourage your friends to invite their friends. This not only helps you earn money but also expands your network.

OFFER GROUP DISCOUNTS

People love discounts, especially when they come with the added benefit of spending time with friends. If you’re offering a service, provide group discounts to encourage friends to sign up together. For example, if you’re running a language class, offer a discounted rate for groups of three or more. This strategy not only attracts more clients but also ensures that your friends feel they are getting a good deal.

JOIN DIRECT SELLING PROGRAMS

Direct selling programs, also known as multi-level marketing (MLM), can be a way to earn extra income through your friends. Companies like Avon and Tupperware operate in Singapore and offer opportunities to sell products to your network. However, it’s essential to approach this carefully to avoid straining your friendships. Be transparent about your intentions and ensure that the products are genuinely beneficial to your friends.

PROVIDE PERSONAL SERVICES

Personal services such as pet sitting, house cleaning, or grocery shopping can also be monetized. If you have friends who are too busy to handle these tasks, offer your help for a fee. This can be particularly useful in a fast-paced city like Singapore, where many people have demanding schedules. Personal services are often in high demand and can provide a steady stream of income.

BE GENUINE AND RESPECTFUL

The key to successfully earning money through your friends is to be genuine and respectful. Always prioritize your friendships over financial gain. Ensure that your offers are valuable and that you’re not being overly pushy. Transparency and honesty will help maintain trust and ensure that your friends feel comfortable supporting your endeavors.

Image Credits: unsplash.com

IN A NUTSHELL

Earning money through your friends in Singapore can be a win-win situation if done correctly. By leveraging your skills, collaborating on projects, utilizing referral programs, and offering genuine value, you can create financial opportunities while strengthening your relationships. Remember, the goal is to enhance your network and provide mutual benefits, not to exploit your friendships. With the right approach, you can turn your social connections into a source of income and personal growth.

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How to network with intention: The key to success

a networking event

Imagine this: you’ve just met someone whom you think could be a valuable connection in your career. The next thing you do is reach out to them and start bombarding them with requests for help.

Sounds familiar?

If this is your networking strategy, then you’re doing it wrong. The key to success when networking is to do it with intention. That means approaching each connection with a clear goal in mind and taking the time to get to know them on a personal level.

In this article, we will give you some tips on networking with intention so that you can make the most of every connection.

What intentionality looks like when networking

Intentionality is key when networking. It’s not enough to just go to a networking event and start handing out your business card like nobody’s business. You need to have a plan.

Here are some things you can do:

  • Do your homework. Find out who’s going to be at the event, and do some research on them ahead of time. This way, you will know who you want to target and what you want to say to them.
  • Be prepared to give elevator pitches. You only have a few seconds to make an impression, so make sure you practice your elevator pitches ahead of time.
  • Have a goal in mind. What exactly do you want to get out of the event? More leads? A job? A new contact?
  • Be friendly and outgoing. The best way to network is by being genuine with everyone you meet.
How to make the most of networking events
two man in a conversation

Image Credits: unsplash.com

Chat with everyone you can, not just the people you know. It also means being prepared with a few questions for your conversation partners. Most importantly, remember that networking is a two-way street. You should be prepared to offer help and advice to others as well. Build those relationships, and you will be a step closer to networking success.

How to follow up with people you’ve met

Now that you’ve met a bunch of people at the event, it’s time to follow up with them. But don’t just send a standard email blast. Personalize each message and make sure it’s relevant to the person you’ve met.

Here are a few follow-up tips:

  • Connect with them on LinkedIn
  • Reference a conversation point
  • Keep it short and sweet
  • Include a call to action

When you network with intention, you’re more likely to attract people and opportunities that are a good fit for you. Take the time to figure out what you want, and be clear and concise about what you have to offer. Network with purpose, and be selective about the people you connect with. With deliberate steps, you can master the art of networking with intention in no time.

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How to score big in networking

networking

Building relationships from scratch is never an easy task. But folks who have to network with strangers for work frequently don’t really have a choice. If that is you, let us share some tips on how to score big in networking.

Be clear on your motives

Have you ever been on the receiving end of an approach and observed how “fake” a person can be? Don’t make the mistake of being labelled as “fake” by the person you intend to know.

Whether you’re keen on connecting with a potential employer, reach a target customer, or simply find out more about an existing project they’re working on, make it known clearly. The last thing you want to achieve is to appear dodgy to the other party.

Put in the effort before your requests

Dian Oved, CEO of a PR and digital marketing company, shares with us a common pitfall. “A new founder will ask me for a celebrity intro for a collaboration, but they haven’t yet built a website, prepared materials, or thought about what they’ll do if the intro is made.”

Before making requests, be sure that you’ve put in the necessary effort. Remember that your networking contact is trading on their reputation to arrange that introduction for you. Make it count.

Learn how to be likeable

While you can’t control someone’s first impression of you, you can learn how to be likeable through the words you say. Generally, people are looking to be inspired and intrigued by your latest venture or your point of view on a common topic.

However, be fully aware that braggers get nowhere. Though it’s applaudable that you take the initiative to speak up, humility is still essential when it comes to networking. There’s a time to share your achievements and a suitable time to listen.

Ask open-ended questions

Do you recall what we wrote at the start of this article? It’s great to start off being clear on your motives, but you want to ask open-ended questions to facilitate the conversation and direction. Just take a look at this example:

A: “Do you know anyone I can speak with as I’m learning more about job opportunities at Google?”

B: “Can you connect me to your ex-colleague, John, at Google? I want to ask him for a job.”

Do you think sentence A or B is a better approach? If you chose A, you’re on the right track. It’s an open-ended question that’s both direct and polite. It also allows your networking acquaintance to use their network to your advantage.

Final thoughts
two men shaking hands

Image Credits: randstadrisesmart.com

Some people may be born with the gift of the tongue, but the truth is that most of us have to go through trials to find the most appropriate way to network. Sometimes, all it takes is a little practice to get there. Don’t give up!

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5 Benefits Of Professional Networking

Merriam-Webster dictionary defines “Networking” as the exchange of services or information among individuals, groups, or institutions. The online dictionary adds that it is specifically the cultivation of productive relationships for business or employment.

For a thriving entrepreneur or a budding student of business, professional networking is not merely fun and games. Professional networking serves as a catalyst to business development and personal growth. Now its other benefits as you scroll down this article.

1. IMPROVING YOUR CREDENTIALS

Being visible to the potential clients and partners is an important benefit of networking. You will more likely get more referrals as your name will come up when they need the services that you offer.

There are two ways to effectively get noticed. Firstly, attend as many social events and business meetings as possible. This will help build your reputation. Secondly, you may join renowned groups. Nothing can boost your C.V. even more than being an affiliate member or an active officer at an esteemed support or social group!

2. WIDENING YOUR EMPLOYMENT OPPORTUNITIES

We had been looking for the final piece of the puzzle for months! You see, we need one more teacher to complete our team. A former teacher heard about our dilemma and referred her friend. Let us call the candidate Janice. I was surprised at how fast Janice adapted to our school environment. She demonstrated her remarkable skills in storytelling. In a span of a week, she was hired.

It comes as no surprise that employed or previously employed individuals would initially offer a job vacancy to someone they know personally. Networking opens your doors to this type of scenario. You may even come across certain positions that are not listed elsewhere. Whether it is a referral or an offer of partnership, you must be ready to seize the opportunities that come along.

Image Credits: pixabay.com

Image Credits: pixabay.com

3. RELAYING YOUR KNOWLEDGE

One of the benefits of networking that I treasure the most is its ability to ignite continuous learning. With networking, you are able to share your ideas and absorb new ones. You may politely ask for feedback or discuss about a business issue. Doing so will help you see the views of other people.

Another product is mentorship. You can find a mentor who has already been where you are today. Allowing the mentor to impart his or her nuggets will allow you to avoid the common pitfalls of the field. Alternatively, you may be the more experienced person of the bunch. It will be rewarding to help a newbie out.

4. GETTING THE POSITIVE INFLUENCE

Use networking as a tool to gain positive social influence. This includes the aforementioned idea of mentorship. Go for people who will uplift you and your business.

The people whom you frequently interact with mold who are as an individual. Being surrounded with positive entrepreneurs allows you to thrive as a business owner. This is why you must choose your social groups wisely. You do not want your credibility to be tarnished just because you are an unknowing member of a “pyramid scam” group.

5. MAKING NEW FRIENDS

Last but not the least, networking is good for building friendships. You meet each other on a regular basis. Furthermore, like-minded individuals attract one another. It is natural to form a strong bond with the group members who share the same interests, values, and beliefs as you. Some of my lasting friendships have been started from networking.

Image Credits: pixabay.com

Image Credits: pixabay.com

Networking allows you to embrace opportunities and to push your limits. It stimulates the confidence within as you interact and make valuable connections. As a student of business, you must place close to your heart.

Sources: 1 & 2

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