Hello ultimate reader!



The whole concept of having and building a  personal business is for profit making, nothing more nothing less.   A good business should be able to yield the calculated amount of profit or more at the right time .

I would encourage you to read what I wrote about the Do's and  don'ts of business , After reading what I have for you here .

      Analysis should be the first step you should take after picking the business you want to invest in . It's like the theoretical part of building your business. If you fail to analyze , you lower the chances of your business succeding .

The questions you should ask yourself is 

What are the 4ps of production telling you to produce? 

 If it's an SME(Small AND Medium-sized  Enterprise) . You need to look within the  environment of establishment to see if the neighborhood is good for production .

 Does the location have the natural resources or the consumers for production?

Is there any need to partner with another producer ?

Well some businesses do not require much  questions like this . For some businesses everyone is a potential customer examples are food&beverage retailers , transporters, tailors . Getting online surveys about the product or service you want to provide will enhance analysis.

If  you are still confused on what business you want to invest in with your capital , that won't be a problem after  you are done reading. I'll be listing some business you can invest in, I'll advice you to do a wide and deep research after picking up a business and also read the DISCLAIMER of this blog .

 THE INTERNET

  

    There are lot of businesses one can venture into on the internet . Distance is no longer a barrier when the internet is involved. This enables a producer or service provider to  reach customers seamlessly . But pls you have to be beware and consious of Internet fraudsters . I'll list some business you should learn about.

CRYPTOCURRENCY & FOREX

Cryptocurrencies are virtual and valuable coins . Professional Crypto traders study and  knows how the   volatile nature of crypto currencies works  and makes money out of it. I see the price  graph of cryptocurrencies as a wave with uneven crest and trough moving in an inclined direction . It requires understanding on why a trend is occurring and it also  requires patience lots and lots of patience .

Forex is more deep and wide than crypto currency . Cryptocurrency is just a unit in forex . I'll have love to explain in details but it's better you make a research on your own for proper understanding.


It's not a business anyone should rush into as it could cause instant loss. You should invest in acquiring knowledge about these businesses before deeping your hands into them. 



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Drop shipping & Affiliate marketing 

       Drop shipping is a very good business to invest in as it's free to start and  loss is minimal. 
The whole concept of Dropshipping is you acting as a retailer and collecting orders from consumers that wants or needs goods from foreign countries, They pay you , you get the good for them from the producer or a whole saler and help them ship it in. The shipping and your profit should  be added to the money you collected from the consumer .
  You should search wide and deep about this business before laying your hands on it.

       The job of an affiliate marketer is straight forward . The affiliate marketer has to get a buyer for a good or user of a service like a refferal program . Once the customer pays for the good or service the affiliate marketer gets their share from seller or service provider.
   You can also invest in 

BLOGGING 
FREELANCING
WEB DESIGN and  lots more 

Well these are only  4  out of the hundred ways  you can invest your money on the internet. Pls read more , know more before investing .


 I've noticed that people like to invest in physical business because they feel it's safer , I think that's not true , the chances of loosing or profiting are the same for both sides. 
There are  lots of business you can invest in physically like 


CAR WASH 

 This is quite a easy start up get a space at a where cars are actively moving . It's a very good business in a dusty and busy area. Get your materials for washing vehicle and employ washers if necessary.

Poultry

  This involves  rearing of birds  for their eggs and meat . This might not be easy to start up and run , because you have to house the livestock , watch out for predators , diseases , theft and the type of feeds you give them has it is responsible for the size and quality of eggs and meat they produce . 
   
TRANSPORT

    Transportation is a very profitable business, buy or rent a vehicle that's suitable for the type of people or things  you would like to be transporting . 

FOOD AND BEVERAGE RETAILING

     No capital is too small for this business you can literally start small and end big .
    Food and beverage retailers are needed in every community because they provide food for sale which is necessity . This is also a very good business to invest in . 

You can also  invest in

Jewelry and cloth store .
Restaurants or club
Pest control/Fumigation
Agriculture
Fish farm
Buy shares from a company
YOUR IDEA 💡

Please do not forget to read the do's and don'ts of business.

I hope you have learnt one or two things from this article . You can reach out to me in the comments .
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Do have a nice day .