Despite the business marketplace seeming all too saturated at this point, believe that there is still room for some more. The constant evolution of needs and wants consequently facilitate the shift and growth in the demand for products and services.
Its nature being a very dynamic one therefore allows budding entrepreneurs and investors to enter the market with vast opportunities and avenues for success. There will be competition, yes, and it will be fierce. The challenge then is for the business to keep ahead the rest, using the most effective ways of calling the consumers’ attention through advertising and marketing.
Then again, not everyone is gifted with the creativity to actually pursue a business idea, although they may have the money to finance it. Reverse of that, however, is that those who do have great entrepreneurial ideas do not have the resources to jumpstart it. Consider yourself fortunate if you think you have a good blend of the two within you.
Real-Life Success Stories
Should you be interested in taking on the role of the investor, the question that you will most likely be asking first and foremost would be: “Is it worth it?”
To answer that question, just think of all these people who are famous, not only for their achievements, but most especially for being rich: Bill Gates (Microsoft), Warren Buffet, Ingvar Kamprad (IKEA) and Christy and Jim Walton (Wal-Mart), to name a few of the members of the world’s richest and most elite.
Taking it closer to home, among the popular folks in Australia who are also recognized as among the richest, at least as of 2013, would be: Gine Rinehart (Hancock), Ivan Glasenberg (Glencore), and Andrew Forrest (Fortescu Metals).
What do these people have in common aside from the astounding riches they have? They all got rich investing in business. Those names are big in themselves already, and yet they only represent a very miniscule percentage of everyone who made it big in the world of business by investing. Should you still be inclined to ask if one can really get rich by investing in business, you need to only look at these names and realize the answer for yourself: yes.
You should be mindful of the qualification, though. Yes, you can get rich investing in business, but only if you invest wisely, that is.
Investment Ideas to Watch Out For
Trends provide a guide of sorts for interested players to determine which industry they will play in. In order to make a sound business decision, various factors, as identified by these trends, as well as analyst, would have to be considered.
The strength of the market you are getting into, strength of the currency that will be used in the trade, characters of the other parties or entities involved, and of course, your own resources – or limits of the same – must all be given a close examination.
For the first-time investor, here are some business ideas that are getting people most excited about for the coming year.
E-Commerce – Everybody’s online nowadays. Because of this, the market has evolved to cross borders, defying time and spatial limitations. A local Australian businessman can conduct his business online with someone in, say, China. From digital services to outsourcing, more and more investors are getting on board this type of business.
In particular, drop shipping is slowly rising to the forefront of businesses to watch out for. Although it has been established for quite a while now, its appreciation was a bit slow because there weren’t enough suppliers around. That aspect is now changing, though. As steam picks up from the drop shipping arena, with the customers growing and more suppliers becoming more interested, it could potentially be a worthy business venture for a first-timer.
Gold and precious metals – A lot of discussion has been had regarding the future state of metal of gold and precious metals in Australia. It has been a rather tenuous past couple of years, but it looks like it’s ready for a comeback. As value for these are forecasted to improve by 2014, analysts boldly are betting on its value to go as high as US$500.
Real Estate – It’s a staple business investment option, especially for those who are not exactly as confident dabbling into products and services. With the current state of the real estate market right now, though, it may seem like such ill-advice. However, the fact is that property value, even in main cities such as Sydney, still remain to be cheaper when purchased, rather than rented.
As more suburbs are opening up for investment, it becomes a perfect opportunity for investors to bet their money on something that they could later convert into passive income.
Stock Market – Another staple item on the “Where to Invest” list would be the stock market. For this one, however, expert advice may be required, especially if the investor is not really familiar with stocks and bonds. It’s a gamble, it definitely is. While there are no guarantees, risks may be mitigated with proper consultation from a professional.
Good News for Foreign Investors
Australia also remains one of the most preferred investment markets for foreign businessmen. The government, in fact, rallies heavily behind the local business industry, providing support and resources so that more foreign investors could be accommodated. As of today, there are more than 18,000 foreign companies registered for business in the country. More impressively, 18 out of the top 20 Fortune Global 500 and eight out of the top 10 Fortune 100 companies are part of that registered number.
Whatever kind of business you end up investing in, the important thing is that you set for yourself a feasible goal within a realistic timeline. Get good advice from people who have the know-how and experience. Last but not least, make sure you have sufficient leg room for a back-up plan; you never know what’s going to happen exactly, and that’s what makes investing in a business utterly exciting.
About The Author
Rabie Fares is the founder and CEO at Associare, a professional social network where you can find investors for your business.
Originally posted on December 6, 2013 @ 5:22 am