Log of what of David Uloko has learned at Techie Youth

Fri. Aug. 5, 2022

Business:Flipping cars 2

Today while I was looking for cars to flip, I learned about important things like the year of the car, the mileage, and how they correlate to the car's future performance. For example, a good mileage on a car should be about 12,000 each year.

Thu. Aug. 4, 2022

Business:flipping cars

Today i learned another business that is very profitable is fliiping cars. This is done by taking used cars, fixing it up a bit , and selling it more for profit.

Wed. Aug. 3, 2022

Online Business:Wholesale

Today I learned I can buy products in bulk and sell on other platforms called wholesaling. I tried that today buy contacting some sellers on various platforms and asking if I can buy their products for a reduced price. I'm probably going to try to contact the maufacturer and see if I can do it.

Mon. Aug. 1, 2022

Product:hologram game

Today I learned people create products that are usually based on their intersts. I am interested in making holographic images so I will learn everything i can about holograms and make a game from it.

Fri. Jul. 29, 2022

Business:Candy

Today I learned and even tried starting up a candy business. I bought some candy from my local supermarket and started selling to people in my neighborhood. I made a decent amount of profit and will maybe start buying in bulk and probably build an online store in the future.

Thu. Jul. 28, 2022

Business:Vending machine

Today One business idea i researched about was starting up a vending machine business. I learned buying a vending machine is relatively easy and can be found for low costs on websites such as facebook marketplace, offer up ebay etc. The difficult part, however, is finding a place to put it. It would have to be placed in an area where a lot of people are known to go.

Wed. Jul. 27, 2022

Crypto:Mining

Today I learned that people have made a steady income getting computer/devices and mining crypto currencies. This is done by the devices checking to see if transactions are valid by the devices solving complex cryptographic puzzles.

Tue. Jul. 26, 2022

Businesses: Local Reselling

Today I learned people start online businesses many ways but a way that i didn't really know was possible was buy buying stuff you find locally and selling it for profit. I think this is interesting because you don't really need a lot of money to start and you can actually make a decent income out of it.

Mon. Jul. 25, 2022

Crypto/Stocks-Highs and lows

today i learned that stocks and crypto have all time highs and lows and by looking at the way the graph is going, you can tell whether or not the stock/crypto is going to go high or low

Fri. Jul. 22, 2022

ONline Business:Aflliate Marketing

Today I learned a profibale business venture is asking other businesses to pay you to get other people to buy things from their website. This is called Affiliated Marketing

Thu. Jul. 21, 2022

Online Business:Dropshipping

Today i learned about Dropshipping. Dropshipping is basically taking a product online, using a platform such as ebay, amazon, or even a website you created, and selling it on there for more than you got it.

Wed. Jul. 20, 2022

Stocks:Risks

today I learned it is possible for people to lose all their money in stocks but one way to minimize the risk is by setting a point where they say they are either going to pull out all their money or they're are going to pull out some/most and leave the rest in to see if the stock goes up or down in price.

Tue. Jul. 19, 2022

Techie Youth: Web Design

Today I learned before web developers are needed to build a website, the idea for the website must first be created and mapped out which is where the web designer comes in. The web designer is responsible for taking the idea/possibly even creating the idea, and creating a layout in which the web developer uses to actually build the website. This is a very lucrative career with many many different possibilities to grow.

Mon. Jul. 18, 2022

Stocks:Three types of traders

Today I learned there are mostly three types of stock traders. Long term investors, those who buy stocks so their investments compound overtime, day traders, those who buy and sell stocks the day of, and swing traders, similar to day traders but usually give their investments more than day to make a profit or a loss. In my opinion, the best type, and safest type of investments are long-term investments. This is because if you have faith in your investments, it doesn't matter if you take a loss today, tomorrow, or even the next day, you are going to bounce back and in the end be much better off for it.

Fri. Jul. 15, 2022

Web Development:Programming Languages

Today I learned web development is the process of building and maintaining a website. A major part of build the website is learning the language that will best suit the needs of the programmer such as javascript, python, c sharp, s plus, plus, etc

Thu. Jul. 14, 2022

Selling Digital Goods:Ebooks

I learned people can sell books online which are called Ebooks. People can generate huge profits because instead of traditional books/promotions, they don't have to advertise in person, they can just promote everything online.

Wed. Jul. 13, 2022

Forex:What is it?

Today I learned forex is exchanging foreign currency. While there are risks associated with it, there can also be profit to be made.

Tue. Jul. 12, 2022

Stocks:Marketwatch

Today I learned there are numerous ways people can practice trading stocks if they don't want to immediately jump into the marker. One such website is marketwatch in which people can actually play to see if they can make more profit than their competitors in the time allotted to them. In addition, there are various resources that teaches them which stock went up that week, which stock is doing poorly, how to read the graph, etc. I played a alittle with the website and found it to be very intruiging.

Mon. Jul. 11, 2022

Online Business:Profit and expenses

Today I learned in order to truly build a successful online business, you must first make sure you understand all aspects of your finances. This means, in terms of your product, \ you have to take into account how much is costs to build/acquire, how much you have to pay for the website of your choice, the shipping fees, and most importantly how much taxes you are going pay, if other expenses are included you must take them into consideration as well. This is very important because most people have not learned the difference between sales and profits, and when it comes down to it, your profits are what is left after all your expenses have been deducted from your total sales.

Sun. Jul. 10, 2022

Online Business:Platform/Promotion

Today I learned the platform you use can have a huge impact on how much your product is to be promoted to the public. For example if you use widely known platforms like ebay and Amazon, seeing you pay applicable fees if any, your product could have sales in a matter of moments, but if you decide to go the other route and create a website of your own, you would have to spend more money on advertisements and you will have to put in more work to make sure that product has a social media presence. This is a very important step because the seller has to question whether or not they believe the risk would be worth the reward.

Fri. Jul. 8, 2022

Online Business:The Product

Today I learned there are various steps in starting an online business such as building the website/finding a platform to sell, marketing, etc, but the first, and probably the most important step, is finding the best product to sell. This can be done in many ways. One way is by taking a product someone has already posted online. buy it, and then resell that product on the site you built for more profit. Another way is by coming up with an idea for a product on your own, creating it, and then selling it. Although you can sell it on the website you create, there are also numerous platforms you can sell it on such as ebay, amazon, etsy, etc.

Thu. Jul. 7, 2022

Stocks:The Overview

Today I learned there are various terms used in the world of stocks. The term common stock, is typically shares that are best for beginner investors giving them voting rights in the company, while preferred stock is shares that gives priority of dividends, payment on a regular basis, to its holders as opposed to common stock owners/shareholders. I also learned that a dip is when the price of a stock is lower than its previous price and a spike is the opposite. A stop order is when the price of a stock reaches its most desired or undesired price to buy or sell.

Wed. Jul. 6, 2022

Stocks and Crypto Currency

Today I learned that stocks and crypto currencies are relatively the same. Stocks are shares of a company and crypto is a form of exchange like yen, Euro, etc. They both increase and decrease in value dependent on their value/success. However, there are some differences. One major difference to look out for is their volatility. Because crypto is only dependent on its popularity and not really the value that is adds to society, comparative to stocks that are reliant on popularity gained from the value they add, such as new features a tech company implements, crypto currencies tend to fluctuate a great deal, much more than stocks in general.