How I Made My First Lac in a Month

 Hei. How have you been? 🖤

We’re here to discuss how I made my first lac within a month and share my experience,but before that let me share a brief introduction, 

▪️I’m a recent graduate with a background of biology and chemistry however always possessed a keen interest towards business and finance. 

▪️My company, Nataraj yarn agency started it’s journey along with another friend , with near around 50,000 /- (if you want to know more about my company, let me know in comment section) . We make deals which cover all over India especially in Malegaon market . 

Now without further ado, let’s discuss the

WAYS HOW I MADE MY FIRST LAC IN A MONTH .

I’ll divide this blog into 3 parts, so that it’d be easier for you to understand. 

                                ◾️ MINDSET 

                               ©️(Google image)

1. Passion: 

Simon Sinek once said, “Working hard for something we don’t care about is called stress. Working hard for something we love is called passion.”

Which I genuinely believe, hence money was never really a ‘first’ priority. Passion was something which led me to bunk my college classes and form a group to meet senior business students. It was no less than a suffering when I had my first guardian call because of low attendance in college entry but as I believe, we need to lose something to gain something. Passion was the sufferings which I loved to do everyday. 

                            ©️(Google image)

2. Time management:

Time management is still a big deal in my life. Hitherto, I invested my college days to upgrade my understanding and knowledge upheaval which is required to build a business. After creating the start up now I struggle to manage time between business and further studies. Neglecting studies to earn money is definitely not an option.

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3. Relationships:

Yes, relationship is the most overrated, at the same point of time underrated matter of life. There was one relationship which actually made me realise my self worth and definitely made me work on myself. Toxic relationships are important at times to grow in life.

 If a relationship doesn’t provide you enough security then you’re definitely with the wrong person. 

⚫️Takeaway-  priorities should be clear. 

©️(Google image)

4. Choosing right kind of people: 

Choosing right kind of friend circle becomes important when you want to grow in life. As the gospel goes, “You become the reflection of your group you hangout with.”

©️(Arjayeetabagchi)

5. Planning and execution:

Writing was always something I enjoyed doing in my college days. When I thought of starting a company, that hobby of mine became a part of my profession. I maintain a journal in which I write my To-Do list and ways to execute those plans. That’s the most effective way to get a prolific productivity check at the end of day.

⚫️Takeaway- It’ll also improve your efficiency.

                                 ©️(Brichers)

6. Finding a purpose:

If your purpose is to make money, one day you’ll lose your purpose to earn that, eventually it’ll create a void in your emotional state. If doing a particular job is your purpose, that will end after your retirement. So the purpose should be something bigger. I do my business not only to earn money but also to generate employment opportunities. At this point, we are working with five employees who’re also college students. 

Same goes for my blogging page, this is not going to be monetised as the purpose was to add some value to people’s lives.

◾️FUNNELS

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At this point of time one needs to get multiple sources of income. Depending on only one domain creates huge instability in mind . If you somehow manage to build income funnels it becomes easier for you to sustain the stability. In case of one fall down, you’ll get few others to hold your back.  

I’ll mention my sections with tentative calculations annexed below,

(I’m not allowed to share all my company details, but I can definitely give you a brief idea so that if you’re also thinking of stating a business and want to know exact digits , this will help you for sure.)

1. Investment in a digital marketing website: 

I generate 30% of my earnings from a digital marketing company. As a share holder I don’t really believe in solopreneurship. Working in group generates more revenue. In the generation of Internet, the definition of real assets got changed. Real estate is not the most valuable asset anymore, rather soft assets are making it’s place in this. Soft assets be like applications or websites which hold high quality value in the market. Investing in such kind of things will give you handsome returns. 

⚫️Takeaway- apps or websites in which you can invest are,

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©️Ayan_acharyya (applita motion graphics agency)

⚫️Calculation: 

return percentage-20%

Maximum amount received after a month- tentatively 39k-40k

Total valuation depends on total deal numbers and equity percentage. Share holders decide the ownership of holdings.

2. Nataraj yarn agency:

Yarn is something we can’t live without. Textile businesses make huge profits by collecting yarns at the lowest possible rate to increase the production of clothes or anything that is made of yarn. The yarn agency deals between mill owners and retailers as well as whole sellers. I manage to get  a huge amount ( approximately 60% of the amount)from my business, as it is completely a commission based business. The rate depends on the quality of yarn as in warp and weft  or open end and polyester. Also the count of yarn matters as a quality index . If a person demands dyed yarn then the cost becomes even more.  ( if you want to know more about it, let me know in comment section)  

                                ©️(Nataraj yarn agency)

⚫️Takeaway- Profit depends on the number of deal you make, you future have to take care of the whole consignment, as well as check the payment process. You’ll get to earn huge commissions from both the parties, mill owners and clients.

Once your agency gets popularity, retailers will contact automatically, till the time you need a team who can manage the contacting portion.

⚫️Calculation:

Maximum return after a month -65k to 75k approximately. 

Deal percentage depends on yarn quality, let’s say a client is looking for warp( best quality yarn) with high count that costs 160/- per kg. (Box) On the other hand if someone takes open end with low quality that costs 56/- per kg. (Box) 

3. Stock market: 

Investing in stock market is another funnel of income. I started with mutual funds houses in the beginning, mutual funds houses invest our money across various companies and take a brokerage charge of 0.1 - 1.5% . Share market has two independent indexes as National Stock Exchange (nifty) where top 50 of  IPO listed companies dynamically work and SENSEX where top 30 companies sell their shares which will give a return percentage of 10 to 15% per year . 

So the total value becomes- no of shares.value of one share.  

If we look back to the time when the concept of share market started in 1875 , as Bombay Stock Exchange . Then from 1979 the growth slope  up till now is 15% CAGR. (Compound Annual Growth  Rate) so if we take 1/- as our base amount it’ll become 260/- after 40 years of time span. 

(Under the original buffett indicator, the stock market of India is expected to return 3.5% a year for the coming years. This is from the contribution of economic growth in local current prices: 5.93%, Dividend Yield: 0.26% and valuation reverse to the mean -2.65%)

(I’ll explain stock market in a separate blog) 

                                  ©️(Brichers)

⚫️Takeaway- A share market is where shares are either issued or traded in. A stock market is similar to a share market. The key difference is that a stock market helps you trade financial instruments like bonds, mutual funds, derivatives as well as shares of companies. A share market only allows trading of shares.

⚫️Calculation:

Nifty lumpsum return rate- 15%  capital invested 20k per month . 

Day to day trading sip return after a month- 10k to 11k approx.

4. Content writing:

As I already mentioned previously, I was always inclined towards writing eventually transformed my hobby into my profession. I write content on freelance basis. Rest of my revenue percentage is generated from that funnel. 

Content writing is a domain where companies ask to write their official statements as well as advertisements to sell a particular product. Content writing is the process of planning, writing and editing web content, typically for digital marketing purposes. It can include writing blog posts and articles, scripts for videos and podcasts, as well as content for specific platforms, such as tweetstorms on Twitter or text posts on Reddit. Once you get a portfolio you can approach clients.

                           ©️(Arjayeetabagchi)

⚫️Takeaway- I wrote an ebook, which got published on kindle as well as available on Amazon. You can earn money through e-books also. 

⚫️Calculation:

Depends on clients and number and quality of work projects. 

Maximum revenue after a month- 30k to 45k

(This is completely given for a brief understanding of earnings at initial level, after that it’s all hard work which gets you more percent of deal but always focus on increasing your income funnels. )

◾️SAVINGS 

Earning money is easier than saving that money. There are plenty of people who are investing millions of money just to fool us with marketing strategy. If you don’t understand the surreal equation between your wants and needs, you’ll end up wasting your money over useless things. Saving money also comes with a purpose. Don’t just save money for the sake of making bank balance, you need to have a purpose of making stable savings. 

As they say, “Don’t waste your money over apple products, rather buy apple shares.” 

                                 ©️(Arjayeetabagchi)

If I share my purpose, it’s basically to form a bigger business where I can generate more of employment and also to invest money in a worthwhile cause. 

Purpose can be different but saving your money requires self control. I’ll share few of my strategies which I follow to save my money. 

1. Stop buying unnecessary things : 

This is the most common thing we do, spending money on things which give us momentarily dopamine rush but actually holds less value in reality. We all are under peer pressure to look cool in front of them, which makes us obtrusive to buy an expensive cell phone or an overrated wristwatch. Albeit they show the same result as the ordinary ones. Believe your instincts when it comes to materials as well as partners 🥲 don’t just believe peers. 

                          ©️(Arjayeetabagchi)

⚫️Takeaway- Self control is the key. 

2. Following a journal:

I follow journals to keep a track on execution of plans as well as how much money I spend on which things. That helps to be productive along with a peaceful sleep. Penning down your regular expenditures sorts it all. 

                              ©️(Arjayeetabagchi)

⚫️Takeaway- It will improve writing skills.

3. Stop following trends: 

In the era of social media, we see enormous social media influencers who spend their money on such objects just to maintain their followers, they get paid for promoting different brands. We see one side of the story and rush to buy the similar product just to feel that vibe of satisfaction. We create virtual competition with influencers in our heads and become a part of this fooling game. Always ask yourself the need to follow a particular trend before following blindly. Don’t always be a consumer by giving your money to companies, rather use companies by buying their shares to build your bank balance.

A simple fact that is hard to learn is the time to save money is when you have some.

                                ©️(Dhi_harmony)

4. Use the power of stock market or cryptocurrency:

If you find it difficult to save money, don’t make fixed deposits where the government will give only 6% rate of return. Rather you can invest in stocks or bitcoin that will drastically increase your money. (I’ll discuss about cryptocurrency in another blog) 

Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It's a peer-to-peer system that can enable anyone anywhere to send and receive money. Instead of being physical money that is carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database that describe specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. You store your cryptocurrency in a digital wallet.

                               ©️(Google image)

 ⚫️Summary:

That’s how I earn as well as save money. I’ve done freelancing and business consultancy for absolutely free of charge. Purpose was always the same, value addition. 

Let me know your thoughts in the comment section and also if you want to discuss things can definitely contact me through Instagram. ID is given below.

[ PS- all the calculations are given just for demonstration purpose, and In case of any inquiry don’t hesitate to comment down below, I’d love to answer]

Contact: 

Instagram: Arjayeetabagchi