₦airaland Forum

2. Profit Income
Money that you earn by selling something for more than it costs you to make. e.g. Businesses selling their goods at a profit, whether at the retail or wholesale level, as distributors or manufacturers. You need to be an entrepreneur for earning profits.

You might need huge investments or you could start a small business for profit with small investments too. But this will also take away a lot of your time, at least in the initial stages - until you learn to manage it really well and be able to make it churn of its own.
Entrepreneurship is a different kind of mindset and risk taking capability.

Most of the people who are in job and are used to the 'Earned Income' want to move to this category at some stage of their career or life, but find it difficult to make the move - primarily because of lack of guts to take additional risks. Most often, this lack of courage is justified because of the family constraints and needs.

To be an entrepreneur and start earning profits, you will need to identify a product or a service that you want to sell, and then sell and manage it well, and manage your clients equally well.
For most people, 'Earned Income' and 'Profit Income' are the only viable means to earn serious money but they often tend to forget that there are 5 other 'equally' viable and serious streams of wealth generation.

I am going to share some of the streams that the millionaires use, along with the merits and demerits of each. You may definitely want to work towards new streams

Here are 7 Income streams for millionaires.


1. Earned Income
Earned Income is the money that you earn by doing something or by spending your time e.g. the money that you make in your job, the salary you get by working for someone else. Now, this is where your quality of life will suffer the most, because you will be trading your time for money. In most cases, jobs will pay you just enough to stay over broke. Quite obviously JOB means Just Over Broke. Now, the reason why most people are not able to think beyond earning money through a job is because Job will provide you with a 'relatively' comfortable zone.

Unfortunately, this comfort zone will become your biggest enemy and will keep you away from leading an extraordinary life. You will spend the maximum time of your life in this income stream and still will never have enough money to lead a truly wealthy life.

Hmm

Ok

May I use this moment to bring to you an opportunity that will benefit you. We are a lucky generation because we are preview to the wonders of technology, a golden era of digital transformation of business. The ecommerce of just buying and selling we have practiced in the old has moved to New retail.What is the new retail and how do you benefit?

CHY mall is using the new concept of New Retail and at the same time using Traditional concept. It gives opportunities to members to buy products from their platform at wholesale price by buying directly from the manufacturers. It sells the products members buy at wholesale price at retail price to consumers all over the world earning you genuine profit. You don't need to recruit people or sell anything yourself to earn profit on your trade.

It surely does all the selling for you and brings back your trading capital and profit every 10 days. I am very sure your financial life is about to turn a corner./07038437970

Residual Income Streams

How many streams of income are you aware of? Are you generating money using only one stream? Which and how many streams do you apply? Which is the best stream for you? There is much more to earning money than what you are probably aware of.

There’s a lot of hype going around the get-rich-quick industry about how to become a millionaire overnight, but the truth is that most people don’t have an overwhelming, all-consuming desire to earn a great deal more money than they need to live comfortably. I believe that what most people want isn’t to make a 20 million naira in a year. What they really want is to stop trading their time for money – or at the very least, reduce the amount of time they spend making that money.

Quality of life is the operative phrase here. “Living comfortably” is quite a subjective state of being – it holds different meanings for different people. But what we all have in common is that, unless we are born with silver spoons in our mouths, we go through life trying to find a way to balance our time spent working, with our time spent doing all the things we like to do.

In the next 10 to 20 years, we will see more new retail than the traditional E-Commerce which offers nothing to the customers. This concept states that customers should not be profit providers only, but also earners of profits when they buy things.Be that as it may, the above information is just a preamble into the business you are about to encounter.

*EXPLANATION OF CHY MALL BUSINESS TO NEW ONES.* (CHY Mall is the new rebrand of Sairui Mall)
*CHY* is a *Shopping Mall* just like Jumia, Alibaba, Jiji, Konga, Amazon and e-Bay. CHY differs from all other shopping malls in that while every other shopping mall operates on the basis of traditional E-commerce alone, CHY combines both *E-commerce* and a new innovation called *New Retail* . In traditional E-commerce, only the seller has the opportunity to make profit while in New Retail *both the seller and buyer has the opportunity to make profit.*

*HOW IS CHY BUSINESS TRANSACTION OPERATED?*
First you pay a little amount called *sign up cost* to buy a shop on CHY MALL. Buying a shop means that you have registered as a member/trader in CHY MALL

The type of shop you buy (or your level of registration) is called *VIP* . We have *VIP1 - VIP 5*

On registration, CHY MALL gives you a *welcome gift* of product *worth your sign up cost* i.e. the amount you purchased your shop

You pay another amount to CHY * commensurate with your VIP level. This amount is called *Trading Capital*. You use your trading capital to buy goods for stocking your shop.
First you use part of your trading capital to buy *one* product at *retail price* from the retail section of the shopping mall. The purchase at the retail section opens the door for you to use the remaining part of your trading capital to buy *two* of the same product at *wholesale price* from the wholesale section.
The product which you bought at retail price is shipped to you while you leave the other two you bought at wholesale price behind in the shopping Mall.

CHY *then lists the good you left behind for sale at the retail section and then sells them for you within 10 - 12 days.* CHY then pays you the profit made within the *10 -12 days.*
The default or standing arrangement is that your trading capital *is returned to you along with the profit* every 10-12 days.
You can withdraw both your trading capital and your profit to end the business or you may choose to withdraw only your profit while you use your trading capital to buy goods again and thus repeat the process explained above and thus do another round of trade.
You can change the 10-12 day default by choosing *Autotrade* which runs automatically for *50 days* (5 rounds) or *100 days* (10 rounds). In autotrade your capital is returned to you at the end of the *5* or *10* rounds depending on how many rounds you choose. In either case, your profit is paid to you automatically every 10 - 12 days. One product worth your registration fee is also given to you every 10 - 12 days. The products for three trading sessions are however allowed to accumulate so that three products are shipped to you every 30 days (1 month).
The money you receive every 10 - 12 days in CHY is called *Store profit*. Store profit is earned whether you introduce someone into the business or not. In other words registerng others under you in the business is not compulsory. But if you are the type that takes delight in talking to others about the business you enjoy, whenever you talk to someone to join you in buying a shop on CHY MALL and the person actually buys a shop, in other words he registers, the company will pay you additional amount called *referral bonus*
The company also pays you part of the profit the person makes in every round of trade he does in CHY. This is done in four ways, namely:
*Chain store profit*
*Direct sharing profit*
*Service profit*
*Chain service profit*
We also have another type of earning called
*Traditional E-Commerce profit.*
All payments and transactions in CHY Shopping Mall are in *dollars* . Exchange rate is *1Dollar = N380*
You can withdraw your profit through your local bank account or through Bitcoin.

hmm

*WHAT IS THE NEW RETAIL MODEL*

The new Retail model allows VIP members of CHY to buy products from the shopping mall both at retail and wholesale prices. Then the company sales the product bought at wholesale price at the original retail price to new or old members that shop on the mall and give you back your trading capital plus profit within 10-12days.
*So you can earn without referring anyone or hawking any product*

While New Retail is still in its early stages, especially in developing markets, mobile financial services providers should keep an open eye on developments and consider what role they will play in an increasingly digital and integrated retail commerce space. The convergence of social media, mobile e-commerce, and digital payments could bring about disruption in this space faster than expected.
The good news for mobile money providers and similar players in developing economies is that they have a head start on the payments business and therefore an opportunity to get out ahead of these developments. By helping to bring about a version of New Retail in their own markets, they can shape it in a way that expands rather than displaces their core business model. However, this will require commitment to and investment in a medium-term vision that has sufficient foresight.
All this is deeply intertwined with merchant payments and provides a compelling rationale for providers now sitting on the sidelines to consider entering the physical retail commerce space. Similarly, if done right, it can provide the type of truly compelling value for users that is needed as an incentive to shift away from the ingrained use of cash, but that is sorely lacking in many first-generation merchant payments deployments.
Not least, New Retail offers a rich variety of opportunities to monetize the business for providers who are committed to merchant payments. Providers would be able to invest with greater confidence and avoid the pitfalls of relying on transaction fees that may kill the business before it even gets started.

While New Retail is still in its early stages, especially in developing markets, mobile financial services providers should keep a close eye on developments and consider what role they will play in an increasingly digital and integrated retail commerce space. The convergence of social media, mobile e-commerce, and digital payments could bring about disruption in this space faster than expected.
The good news for mobile money providers and similar players in developing economies is that they have a head start on the payments business and therefore an opportunity to get out ahead of these developments. By helping to bring about a version of New Retail in their own markets, they can shape it in a way that expands rather than displaces their core business model. However, this will require commitment to and investment in a medium-term vision that has sufficient foresight.
All this is deeply intertwined with merchant payments and provides a compelling rationale for providers now sitting on the sidelines to consider entering the physical retail commerce space. Similarly, if done right, it can provide the type of truly compelling value for users that is needed as an incentive to shift away from the ingrained use of cash, but that is sorely lacking in many first-generation merchant payments deployments.
Not least, New Retail offers a rich variety of opportunities to monetize the business for providers who are committed to merchant payments. Providers would be able to invest with greater confidence and avoid the pitfalls of relying on transaction fees that may kill the business before it even gets started.