In this episode of Lazy Wealth Creation, Carl dives into the world of coupons and how they can be a powerful tool for saving money and generating income. Carl shares personal anecdotes about utilizing coupons from local shops and online platforms like Groupon, emphasising that these savings can add up to thousands of pounds over the year.
KEY TAKEAWAYS
Utilize Coupons for Savings: Coupons can lead to significant savings on everyday purchases, such as groceries and takeaways. By paying attention to local coupons, individuals can save hundreds or even thousands of pounds annually.
Start a Service-Based Business: There are various low-cost service opportunities, such as shopping assistance for the elderly or dog walking, that can be initiated with minimal investment (around £200). Offering coupons can attract initial customers and help establish a client base.
Leverage Online Platforms: Websites like Groupon and Bark can be useful for finding deals and connecting with potential clients. However, creating your own promotional materials, like leaflets with discounts, can be a more direct way to reach customers.
Offer Companionship Alongside Services: In addition to practical services like shopping or dog walking, providing companionship can add value. Simple gestures, like making tea or spending time with clients, can enhance the service experience.
Training and Insurance are Key: For service-based businesses, investing in training and obtaining necessary insurance (e.g., for dog walking) is crucial. This ensures professionalism and builds trust with clients, making it easier to grow the business.
BEST MOMENTS
"You can utilize these coupons, and they will save you an absolute fortune."
"To set that entire service up would cost you less than 150 quid."
"People love coupons. They love the fact that they're going to save some money."
"Dog walking insurance, £63 I checked the other day, £63 for a whole year to walk people's pooches for them."
VALUABLE RESOURCES
HOST BIOMeet Carl Mannion, the warts-and-all host of the "Lazy Wealth Creation Podcast." From a council estate to self-made millionaire, Carl's journey is both humorous and inspiring. Despite describing himself early on as "autistic, poor, and hungry," he now proudly identifies as "autistic, doing-well, dadbod."
Through candid interviews, Carl shares the highs and lows of his journey, offering invaluable insights into overcoming adversity and seizing opportunities in the world of wealth creation. Despite facing challenges like a marriage breakdown and single parenthood, Carl persevered, achieving millionaire status in his 40s.
Join Carl on the "Lazy Wealth Creation Podcast" for practical advice and entrepreneurial wisdom. Whether you're starting from scratch or aiming for greater heights, Carl's relatable story and guidance will inspire you on your journey to financial freedom.