Business Ideas To Start If You Live In A Developing Country
Aug 20, 2020 10:03
There are a lot of entrepreneurial spirits living in conditions that make it extremely difficult to make their financial dreams a reality. Which is a shame on many levels but mainly because of how resourceful people from developing countries are in general.
To get through life’s challenges in a developing country it takes a lot of common sense and problems solving. Both are qualities that an entrepreneur needs to have. Which makes people from these countries the perfect candidates.
Most people that would be great at starting a business don’t have the resources or the right idea. Which is what this article is about. In it, I hope that the right person will read this and start a business based on some of the ideas I layout.
Here are some that somebody with limited resources could start even in a developing country.
Become a social media influencer
One of the cheapest ways to get started making money is to use social media. It can be a lot of work and take some time to get to the point where you make money, but if you are young and have some talent it can easily be your ticket to making money.
The best way to do this is to pick a topic you are interested in and then become the expert on that topic on all your social media channels.
For instance, if you are interested in cryptocurrency, then be the person in your country that people look to for advice like how to buy Bitcoin in Venezuela. The more followers you have that are interested in that will translate into more money for you.
You can be making money through sponsored posts on your social media platforms or you can even be paid commissions when people buy what you are promoting through your special link.
Become a virtual assistant
There are a lot of people with web based businesses that outsource much of the work. And they often look to developing countries to hire educated people that have a low cost of living. This allows them to now have to pay much and keep their profit margins.
Take advantage of this by offering your organizational skills to do their administrative work for them.it won’t pay much at first, but over time, you can ask for more money and then start outsourcing the work yourself. Then, it becomes a business as you can work as a temp worker provider for many businesses.
For this to be a viable way to make money to start a forex trading business, you will need some money upfront. However, to try it out to see if it is a good way to go for you, there are ways to try it out first.
Start with a demo account and see how you do with trading foreign currencies as you learn. This way you can see exactly what it entails.
When you have learned the ropes, you can use some savings, borrow money or even use income from a side project listed above to buy your first trade.
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