What good business to start in this current economy?

[JoyceBTC]

Tiktok is booming. I think that being an affiliate on it is going to be a good business but that's not easy to start with.

We see some marketers pushing people to become affiliate in it because the commissions are good if you sell a lot.

If you have that talent to attract a lot of customers then you'll be printing money but of course that comes with a talent too.

My friend did what you said, he became an affiliate by marketing other people's products or companies by pioneering and now he manages to have a large income per day. With the beginning he spent his own capital to start but over time he got a lot of followers and his marketing videos were good, so now he is easy to get free products (samples) because maybe the company is quite confident in the account he has because it has a lot of viewers.

One thing most of us don't understand is that they only see social media has something that they can just get excitement from not knowing that you will be able to make a lot of money from it, this particular thing you are saying has been working for so many people especially that tiktok, a lot of businesses are running through that platform and honestly so many people are making good money from it.

At the beginning of every success there must be difficulties which is what your friend went through and he succeeded, some people really want to invest in any business they have opportunity of, but there are many issue here, is that they are always awaiting to see quick profit which is not done in the business that is new, this is why a lot of people are running away from business but all that is because they are lacking patience.

Even to excel in social media space or to start making money from it, needs patience and consistency. The problem so many people have is that they easily give up, they don’t have that patience to keep trying, forgetting that the next person they are envying didn’t just make it all of a sudden but took them time, it can be years.
Social media space is a cool place to make money, but to make a lot of money there, one needs to be creative and lot of engagements also.

It always just a step at a time, because challenges must be faced but gradually with consistency and patience, everything gets better.

[Oluwa-btc]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

I'm I'm love with the Ginger and Garlic business and I see it has so much potential and it can be transformed into a billion dollar business in  this tight economy of the right things are done.
The demand for this particular species is hell high and I have been following it for quite sometime now. I have planted some couple few for test running, but I sure will fo massively into it. Asides narrowing it down to this example, the Agricultural business will definitely blossom because the demands for it is just too high.

[rachael9385]

There are so many businesses you can do, the first thing you need to do is to is to do your research in your country because you are asking people here on the forum that are in countries different from yours, whatever their suggestions might be wouldn't really work for you. Do more research to know what works best in your environment so you can work on that, it is okay if other people here give you suggestions but they might not be of help. study your environment, find out what people need and make sure your business is something that solves a need.

[MRY]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

I'm I'm love with the Ginger and Garlic business and I see it has so much potential and it can be transformed into a billion dollar business in  this tight economy of the right things are done.
The demand for this particular species is hell high and I have been following it for quite sometime now. I have planted some couple few for test running, but I sure will fo massively into it. Asides narrowing it down to this example, the Agricultural business will definitely blossom because the demands for it is just too high.

Ginger and garlic commodity business is definitely good in terms of its returns. Kitchen needs are being met on a day to day basis which guarantees an open market. The farmers need to be educated on the proper ways of looking after their crops so that they can have a good crop. Increasing the territories they have will speed up business. It is an appropriate farming enterprise to venture in especially at this season when the economy is struggling.

[Su-asa]

Before you think about starting a business there are lots of things that you need to out into consideration and one of those things is the environment that you reside in, the capital you have and the knowledge you have or interest in any business. You can gain more knowledge and get more advice from people living in your country. The ideas you might get from others might not really be applicable to 2hat you need to grow a business in your country, that's the more reason why you need to talk more to people in the same country with you.

[Fredomago]

Services which deliver ready goods for people. Food is the most demanding niche which always worth investing. Cleaning services are also a good idea. Have in mind that people are lazy these days and want to make less effort as possible through daily tasks.

If you can supply them that way, you will be in profit and high demand.

Yes, you are right, with how the generations evolves there are so many lazy people who will choose to pay instead of doing things it's a good business as long as you are in the right location, it's always best to analyze, research and study whatever business you think that will be fit for you, having a set up plans and projecting the potentials will always have a better chance of succeeding it's always the beginning that matters as the determination will develop once you already put it up.

[Swordsoffreedom]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

I'm I'm love with the Ginger and Garlic business and I see it has so much potential and it can be transformed into a billion dollar business in  this tight economy of the right things are done.
The demand for this particular species is hell high and I have been following it for quite sometime now. I have planted some couple few for test running, but I sure will fo massively into it. Asides narrowing it down to this example, the Agricultural business will definitely blossom because the demands for it is just too high.

Any industry has the potential to become a billion dollar business.

In fact, most business failure are not due to a lack of idea, but rather to poor management.

So do not focus too much on the business idea itself. Instead, learn how to run and manage a business effectively. These are the factors that determine the success of a business, regardless of its industry.

Ginger and garlic are part of the agricultural business. It is not a new business idea. Many businesses have succeeded, and many other have failed.

[Kelward]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

What business to start should depend on your location and what is in demand, I cannot give you advice on starting any business when I don't understand the business tarreins in your country, the advice you can get would be on financial management and customer service. In this age of the internet I would advise that your business should be online and you should use online to advertise it because their are opportunities to make money if you utilize the internet. Social media is a great marketing tool for business people to reach out to far more than those that you could physically reach and that is why using online is one of the biggest business tool to expand your business visibility.

[CageMabok]

There are so many businesses you can do, the first thing you need to do is to is to do your research in your country because you are asking people here on the forum that are in countries different from yours, whatever their suggestions might be wouldn't really work for you.

What you're saying is certainly true, as this is a global forum that generally attracts people from many different countries. Therefore, anyone who asks about the most suitable business for them at this time should first assess the conditions in their own environment or country to determine the most suitable business. To find opportunities and target markets through business, every entrepreneur must first understand the conditions in their own area before considering conditions in other regions. And yes, every country experiences different conditions in every aspect, so entrepreneurs from one country clearly cannot apply the steps taken by entrepreneurs from another country to their own businesses.

[YellowSwap]

There is nothing like good business, if you can't shoot a gun right it's not the gun's fault, if the business doesn't end well it's not the business fault, it's the one running the business.

This is also why I like telling people that running businesses isn't for everybody, some people are meant to work under a company and get paid every month, this is what will work best for them.

Elon musk is Elon because of what he is able to handle in his own way, not because of those innovation he is bringing but because that's what he knows how to do best.

[Shineup]

There is nothing like good business, if you can't shoot a gun right it's not the gun's fault, if the business doesn't end well it's not the business fault, it's the one running the business.

This is also why I like telling people that running businesses isn't for everybody, some people are meant to work under a company and get paid every month, this is what will work best for them.

Elon musk is Elon because of what he is able to handle in his own way, not because of those innovation he is bringing but because that's what he knows how to do best.

The one running the business might not really be the fault why their business didn't end well though in most cases they are the one at fault but we can as well have that there can various factors why someones business didn't end well, running a business is not really an easy thing as it comes it own challenge, you are right about how running a business not being something for everyone, there are those who will always work around doing very well with business where others can't, I know of someone that has tried different kinds of business yet no one survived even in the short term though I wouldn't say that there is any harm in trying any ways for those who want to try something about business.

[Alonso_]

Well I will assume that you can consider that with the amount of money that you have available, that is what will determine the amount of money that you will require start a particular business, most people have certain amount of money, and they already have choice of business, but there money might not be enough for them to start out that business, In that situation what would you do, and it also depends on the part of the World that you find yourself in, that would determine the kind of business you can start up, and also considering the amount of money that you have available, there are many factors numerous to mention that you consider as a factor. 

[Iranus]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

What business to start should depend on your location and what is in demand, I cannot give you advice on starting any business when I don't understand the business tarreins in your country, the advice you can get would be on financial management and customer service. In this age of the internet I would advise that your business should be online and you should use online to advertise it because their are opportunities to make money if you utilize the internet. Social media is a great marketing tool for business people to reach out to far more than those that you could physically reach and that is why using online is one of the biggest business tool to expand your business visibility.

Location and market demand are two important factors. However, I don't think those two factors alone are enough to determine what business someone should start.

It also depend on each person's knowledge and experience. You can't start a business just because of a good location and high demand without having knowledge or experience in that field.

OP's question is too broad. It's difficult to give any useful advice when we don't know how much capital, skills, and experience he has in which field.

[Anayochukwu]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

Currently in my country I would say that selling things people consume everyday is the best business and that's food stuffs, owning a food market has always been something I like because no matter how hard it gets in the country people will always look for a way to buy food and stay alive. Food is the number one thing that every human must have to survive first before going about your day and it is the most important thing and no matter the location you are as long as there are humans living there you will always sell .

[Nothingtodo]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

In the current economic situation of my country, the most important business is online business, online food business. Online food business in Bangladesh has gained so much popularity that now only if the delivery system is done properly and honestly, the business will be successful. Moreover, if the food business can be done next to the shopping mall or on the side of a crowded road, then it will also be successful very quickly. And if it is possible to establish a cosmetics shop properly in the present time, then it will not take long to become successful.

[Roseline492]

The one running the business might not really be the fault why their business didn't end well though in most cases they are the one at fault but we can as well have that there can various factors why someones business didn't end well, running a business is not really an easy thing as it comes it own challenge,

Business does not operate on it own so definitely the person who owns it is responsible so if the business didn't withstand the negative dynamics of the market then the owner is at fault because as the operator you are to make sure that nothing affects your business even if challenge is inevitable. However I'm curious to no the factors that you think will happen to a business that you cannot blame the owner?, actually there is no factors that I can think of because a person is already aware of the business they have and they no that some things could also affect what they are selling so is there duty to be ready to face those things, so actually if they're unable manage there business because some challenges they shouldn't blame it on there business but there incompetency.

[JoyceBTC]

There is nothing like good business, if you can't shoot a gun right it's not the gun's fault, if the business doesn't end well it's not the business fault, it's the one running the business.

This is also why I like telling people that running businesses isn't for everybody, some people are meant to work under a company and get paid every month, this is what will work best for them.

Elon musk is Elon because of what he is able to handle in his own way, not because of those innovation he is bringing but because that's what he knows how to do best.

That’s why a business needs proper planning before even setting it up despite having the capital. Knowledge is important when starting a business and also some certain skills someone needs to have to excel in that business, along side strategies too and without this things, it would be very hard to excel in any business.
Business also involve risk, you don’t just take risks but calculated risk which will help avoid regrets later and overall patience is important too.

[Cheema02]

TikTok is a good platform for earning potential but you have to spend a lot of time behind it and create new ideas to increase views which is not easy at all. Most of the videos you see on social media are consistent with others which can be boring. You need to create something that will be completely different and will delight the viewer and inspire you. I used to spend a lot of time on YouTube and upload videos. Initially, there were many viewers but gradually it started decreasing because in recent times people have very little time and they prefer to watch short videos. You can use any convenient platform to earn but you have to be consistent and work hard towards that work. Many people do not succeed even after coming very close to success due to lack of patience.

Content creation is the most demanding and most profitable skill or job in current time but every individual has not the abilities of content creation because for it patience and consistency is the main factor. Every individual make thinking that through TikTok and YouTube he make quick money but they don't focus every video required proper planing and editing for viral. Especially in Social media creation trend change rapidly so individuals should need to be adaptive for every moment. So with a unique idea which gives knowledge and entertainment in a row helps a lot in content creation and this type of video dozen time better than others and it increases the watch time, views and subscribers immediately and gives a health pay back. So success is not comes over night because it takes time and for it a lot of potential and patience and discipline is required.

[eightdots]

TikTok is a good platform for earning potential but you have to spend a lot of time behind it and create new ideas to increase views which is not easy at all. Most of the videos you see on social media are consistent with others which can be boring. You need to create something that will be completely different and will delight the viewer and inspire you. I used to spend a lot of time on YouTube and upload videos. Initially, there were many viewers but gradually it started decreasing because in recent times people have very little time and they prefer to watch short videos. You can use any convenient platform to earn but you have to be consistent and work hard towards that work. Many people do not succeed even after coming very close to success due to lack of patience.

Content creation is the most demanding and most profitable skill or job in current time but every individual has not the abilities of content creation because for it patience and consistency is the main factor. Every individual make thinking that through TikTok and YouTube he make quick money but they don't focus every video required proper planing and editing for viral. Especially in Social media creation trend change rapidly so individuals should need to be adaptive for every moment. So with a unique idea which gives knowledge and entertainment in a row helps a lot in content creation and this type of video dozen time better than others and it increases the watch time, views and subscribers immediately and gives a health pay back. So success is not comes over night because it takes time and for it a lot of potential and patience and discipline is required.

Because trends change so quickly on social media, keeping up with them isn't easy. Discipline is necessary in this field, as in many others, and maintaining it is challenging. While income from social media can be high, achieving it truly requires a long period of hard work.

You need to be free in your ideas and create new things. There are a lot of channels imitating each other, which is why many channels don't get views. As I said, it's not easy to do this job, but once you succeed, you can earn a good amount of money.

[fredericktaylor]

Can I have your thoughts or ideas on this? What business is good to start in this current economy? If you will start a business, what will it be and why?

I'm I'm love with the Ginger and Garlic business and I see it has so much potential and it can be transformed into a billion dollar business in  this tight economy of the right things are done.
The demand for this particular species is hell high and I have been following it for quite sometime now. I have planted some couple few for test running, but I sure will fo massively into it. Asides narrowing it down to this example, the Agricultural business will definitely blossom because the demands for it is just too high.

Ginger and garlic commodity business is definitely good in terms of its returns. Kitchen needs are being met on a day to day basis which guarantees an open market. The farmers need to be educated on the proper ways of looking after their crops so that they can have a good crop. Increasing the territories they have will speed up business. It is an appropriate farming enterprise to venture in especially at this season when the economy is struggling.

I think it is very important to invest in different places instead of investing all your money in one place. This reduces the risk of losing money because if one investment does not succeed, there is a possibility that another one will succeed. It is very important to do proper research before starting an investment so that we can invest in the right place and patiently hold it for the long term, so it is very important to manage investments in the right place.