A lot of people paint a gloomy picture in their hearts about the possibility of making any head way in their businesses in this period of global economic recession, and they see their businesses as doomed forever with no hope of recovery. So many are also afraid to invest in new areas where there are opportunities for them to hit it big; they assume that nobody is making it anymore, and that it would be sheer waste of their hard earned resources if they should venture into new investments.
1. Shares: The best time to invest in shares/stocks is now that the values of stocks of many companies are down. So many stocks have lost close to a hundred percent of their normal values. Watch carefully to be sure that such companies have a good track record and they are unlikely to fold up during this period of recession. Seize the opportunity and buy a high quantity of their shares/stocks at the present cheap rate and wait for them to appreciate again with time. The moment the recession is over (which may not be more than one year from now), you would make more than 200-300% profit from them. For instance certain companies which had stocks valued at N66 per unit fell to as low as N5 per share in this period of economic meltdown. If you invest only N50,000 from your monthly salary or from the little profit you have been making from your business to purchase those shares, you would end up having 10,000 shares. In about a year or two when the shares climb back to their normal value or close to that, you will make millions of naira in profit. For instance if the shares rise to only N50 each, then you have 10,000 x N50 and that gives you N500,000 (900% gain). Wow!
2. Bonds: State governments are also affected by the recession and are looking for a way to finance their budgets. As a result, they are putting bonds for sales. You could also buy bonds and make a hell of profit from them at the maturation time.
3. Essential goods: there are goods that would always be needed, recession or no recession. The people cannot without them because they are needed daily; they are a necessity not luxury. You could invest your money supplying those goods and still make good profit from them. Examples of such goods include seasonings, food stuffs, clothings, footwear, soaps and drugs etc.
4. Job consultancy: Because a lot of jobs are being lost daily, several people are hunting for new jobs. If you can provide a job consultancy service which can make people get new jobs, you will surely make it big. You may also act as a link or agent to a bigger consultancy firm and get paid for every person you link up to them, who eventually gets a new job through them.
5. Information: Sell information products that teach people what to do to be self-employed, or areas they could invest their little money and make profits. When the people trust the information you provide them with, they will buy and that ensures that you make profit also. So there are divers opportunities; all it takes to key into them is wisdom. Think of what the people would always need and look for a way to provide them and the sky would be your limit. Watch out for opportunities and seize them; if you make the right choice of investment, you will get profit that would surprise you beyond words.
Joseph Ezie Efoghor is a small business manager with years of impressive records.For more tips on how to succeed in your small business visit http://bloodpressureandmore.blogspot.com
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