Here's 5 ways to make money

Here's 5 ways to make money with what are the pros and cons of each method.

Which one of these methods do you think is the best for making money?

Method 1 Tell people what they need to do

Pros less knowledge for creator, can create a smaller product as it contains less knowledge, create product quickly

Cons not perceived as having much value, creator not perceived as having much knowledge, customer needs to learn how to do whasty is described

Method 2 Tell people how to do something

Pros higher perceived value, customer can do what the says without learning anything else

Cons Need to know more, need to provide a more substantial product

Method 3 Show people how to do something - video / in person

Pros much higher perceived value, easier for customer to learn when they can see what to do

Cons time to meet people, more skills needed to create videos, expensive to outsource video creation

Method 4 Make a tool

Pros customer's work load consioderably reduced, some things can be done that would be impractible for a person to do

Cons need skills to create tool, need to make sure that you outsource to someone who can and will create the tool, need to think carefully about making the tool user friendly

Method 5 Provide a service

Pros no work for customer, can get to know what each individual customer wants and adapt your service aoppropriately

Cons ongoing work load for person providing the service

Summary
Work for customer - decreases as you go from method 1 to method 5

Work for creator - increases as you go from method 1 to method 5

Price you can charge - increases as you go from method 1 to method 5