Whether or not you are involved in investing your money in stocks, homes, commercial properties, businesses, or cryptocurrencies, you know the world of investment is unpredictable. Trends come and go, and increase and decrease, so it’s safe to say any investment is a risk.
Just because it’s a risk does not mean it’s an automatic failure! Many people who invest come out on top. It’s not to say they become millionaires or billionaires, but they profit financially (and in other ways through connections and experiences). It’s a gamble! And you may lose the first $20 you throw down, but end up leaving with a couple hundred (or thousand) by the end of the night.
2021, like every year, has brought new ideas and innovations to the market, as well as timely insights, and there are trends showing investors what is going to be profitable this year, such as urban real estate, a Senior Care Franchise, or a dropshipping business.
Investing in Urban Real Estate
After a pandemic hits, especially natural disasters or deadly diseases, people tend to want to get “away from it all.” For this reason, rural housing economies can anticipate a boom this year, leaving urban condos, townhomes, apartments, and even commercial buildings left high and dry.
At first glance, you might think it’s a better idea to purchase real estate in the countryside or more suburban areas, but the mistake with this is that you should have done that at least a year ago, if not longer–but the COVID-19 pandemic was a shock to the world’s system. The risks are higher to invest in something outside of the city, as you might only be able to break even, or after the vaccinations reach the masses, people won’t be so concerned with spreading out.
The best time to invest in real estate is when prices are low because you can anticipate sitting on it for a while–at least a year, but possibly more.
Investing in a Senior Care Franchise
With the baby-booming generation coming to its final years, senior living is booming more than ever. The Washington Post states, “Every day until 2030, about 10,000 Americans will turn 65.” And as busy as the average American is, it’s unlikely elders will be moving in with their children.
Starting a franchise this year, specifically in an area of dire need (think retirement states and cities), will profit for the next nine years. If you open up your franchise this year, someone can buy it in the next couple of years, leaving with you a chunk of change for your next great come-up.
Investing in a Dropshipping Business
With the continuing demand in online shopping, thanks to Amazon, you can start your own business with minimal work! Dropshipping allows anyone to open an online store selling other company’s goods. The order gets placed on your site, then the company is responsible for packaging and shipping. All you have to do is answer any questions and market your online store. You don’t even have to buy wholesale!
Whatever you choose to invest in this year, make it a good one! Follow trends and see the potential for each industry.
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