The act of deciding where to invest money can be difficult for many people. There is often a fear of losing hard-earned income, as well as a lack of knowledge about prospects in business areas.
I personally recommend the following areas for anyone who wants to invest in any market. Carefully selected areas are areas in which one is sure to succeed if the rules of financial success are faithfully followed.
1. Phones and accessories: We are in the age of information technology where almost everyone uses a mobile phone. Delving into this area would guarantee success because people regularly buy new phones and give away old, outdated ones. Nokia, Sony Erickson, Samsung, Sagem, LG, T-mobile, Techno, etc. are some of the brands available in the Nigerian market.
People also need Blackberry and other forms of smartphones just for the prestige of using expensive phones. So there is a ready market for phones right now and this will continue in the future as long as people are always in communication.
You can also make huge profits from selling phone accessories like batteries, phone covers, bluetooth, earphones, earphones, memory cards, etc. In fact, telecommunications have made Carlos Slim the richest man in the world right now.
2. Foodstuffs: People would always eat regardless of the prevailing economic situations. People are bound to be hungry whether there is food or not. The only way to satisfy hunger is to eat food. Getting into the food business is a good place to make a profit. That is one of the reasons why Aliko Dangote is succeeding more than any other African today. He is dedicated to the sale of salt, spaghetti, sugar, fruit juices, bottled water, etc.
3. Clothing: People will not go naked because things are difficult; they will always look for a way to cover their nakedness because clothing is one of the essential requirements in life.
4. Medical care: Have you noticed the number of people who go to the Synagogue, the Church of All Nations, the Embassy of Christ and other churches to be healed? Others go to hospitals, clinics, patent medicine shops, traditional healers, etc. looking for help. If you have experience in this area, establish your business along these lines and you will succeed.
5. Information: The reason you are reading this brochure is because you need information. The reason why people access the Internet every second is because they want to be informed. Selling information products is a good way to make a living. Information products can be DVDs, VCDs, cosmetology books, cookbooks; how to produce soap, cream; how to repair computers and GSM phones, etc.
