Income Kaleidoscope: Exploring Wealth-Creation Possibilities

Income Kaleidoscope: Exploring Wealth-Creation Possibilities

May 17, 2023

What if you could boost financial stability and open up new wealth-creation possibilities?Enter the income kaleidoscope and explore 30 practical ways to diversify your income, from embracing the gig economy to investing in passive streams and monetizing your creativity in my latest blog post. 🚀Stay informed with insights on business, management, recruitment, marketing, sales, and your favorite—breaking news.Join the Growth Shuttle community and together, let's embark on the path to financial abundance and sustainable and steady business growth now!🚀 Mario My Take 30 Ways to Diversify Your Income (Multiple Parallel Revenue Streams)When it comes to finances, increasing profitability broadly falls into one of two categories: growing your revenue or decreasing your spending. Traditional 9-to-5 employees relying on a single source of income focus on the latter. After all, if your monthly or annual income is fixed, the best you can do is optimize your expenditure and try to improve your standard of living (bonus points for managing a savings account for rainy days or college funds).Read more…

 Business Strategy 

  • DOW: 33,148 (-1.01%)

  • NASDAQ: 12,391 (-0.64%)

  • S&P: 4,125 (+0.09%)

*Economy numbers as of May 16th close*

Technology completely defines mainstream society today because it makes people's lives easier and expands the horizon of possibility. Apple's once novel catchphrase, "There's an app for that," has never rung truer. You can order groceries, visit the doctor or adjust the temperature in your home — all from the palm of your hand.Read more… Management 

  • Twitter total Layoffs: 3940

  • Percentage of Employees laid off: 52%

*Relevant to May 16th 2023*

Elon Musk’s choice of Linda Yaccarino for Twitter CEO appears aimed at solving multiple problems facing the social media site — and the billionaire himself — following his tumultuous takeover of the company in October. Musk’s rapid changes and unpredictable behavior at Twitter have left many advertisers wary of doing business with the platform, which has revalued itself at less than half of the October $44 billion as it struggles to generate enough revenue.

 Recruitment 

  • 2023 Companies with layoffs: 683

  • 194,659 Employees were laid off in 2023

  • Q2 2023 Layoffs: 26,075

*  Statistic was taken from layoffs.fyi as of May 17th  *Insider Media Limited: £12M BGF Investment For Recruitment Software FirmA Sheffield-based recruitment software provider that supplies the likes of the BBC and Tesco has secured a £12M investment from BGF. Tribepad, founded in Sheffield in 2008, has developed a talent acquisition platform that supports the end-to-end hiring process for a host of enterprises. Its software is used by more than 125 in-house talent acquisition teams at organisations including Tesco, the BBC, Grant Thornton, Subway and NHS Professionals.Read more…

 Breaking News ðŸš¨

  • Durham report criticizes FBI for launching 2016 Trump-Russia probe

  • Turkey faces a momentous runoff election after Erdogan fails to win outright

  • Vice Media files for Chapter 11 bankruptcy ahead of planned Sale

 Marketing 

  • Facebook: 2.9B users

  • YouTube: 2.5B users

  • WhatsApp: 2B users

  • Instagram: 2B users

* Taken from Statista's "Most Popular social networks worldwide" Jan 2023 *

Many leaders underestimate how effective a well-developed social media marketing (SMM) strategy can be for generating leads and boosting sales. For us, the direct impact of this type of marketing (excluding paid promotion) for 2022 was almost 10% of our revenue. 

 Sales 

  • CSI 1000: 6,554 (+0.59%)

  • China A60: 13,040 (-0.71%)

  • SSE100: 6,068 (+0.05%)

* China's indices numbers as of May 16th *

Chinese developers continued to sell more homes in the first four months of 2023, replenishing their war chests, but remained cautious about investing in the bruised property sector. Property sales grew 8.8 per cent to 3.98 trillion yuan (US$570.7 billion) in the first four months after rising by 4.1 per cent in the first quarter of the year, government data released on Tuesday shows. Home sales were particularly strong, rising 11.8 per cent up until April after gaining 7.1 per cent in the first three-month period. 

 Featured Story of the Week 

LinkedIn reach is going down - and it's not just LinkedIn. 💣 I discuss that with other creators several times a week now. It was LinkedIn and Twitter first, and now SEO impressions are going down. Now - we put enough effort and attention into content, cadence, and numbers ARE growing. But they crawl, not run. As it's cross-platform, I don't see it as an algorithm change.