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When I heard this question I used to think, no way is someone going to give me a concise straightforward answer on how this can be done.
Actually I think there is a paradox- all of us know how to make money, yet very few of us actually go out and do it. The problem is that someone else can see you doing this, and very easily set up a stand and do the exact same thing, taking your profits. But what if you had a SPECIAL type of drink that could quench thirst better than any of the other drinks available at a much lower cost? MiM 2016 Cross Sector Project - The World Goes Digital Let's Talk about #Tattoo2016 London Life Going International Term One.


This is what separates those who make enough money to get by, and those who make a decent sum of cash.
Uber has access to data and can process that data with an algorithm that no one else can match.
None of the other apps have such a good pricing algorithm and it is difficult for them to make one without a huge investment both in physical and human capital.
Do customers want this, can I charge a price higher than costs and will someone else be able to enter and steal my customers. However I think there are some other more important barriers that are more of a personal and individual nature.


After all internet and books are all full with the same information but it is how people approach chances, their personal attitude towards everything and many other inner factors.
The people need it, water is pretty cheap and you can sell it to them for more than how much you bought it.



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