We have covered 10 ways to identify opportunities on this site several times. We also included in our 2022 book a quiz and answers on opportunities identification. Question is—did you follow?
Anyway we get tonnes of requests from members inquiring about what sort of businesses they can undertake with capital X? Not bad to have a compass direction of the journey to undertake but always starting with capital limits one from thinking of the big picture.
The confinement of capital availability restricts exploration of others sources of funding such as partnerships, or assistance from friends and relatives. It’s a boxed approach and hinders growth prospects.
Anyway here are interesting ways to identify opportunities in 2023.
Analyse adverts on Social Media: Gives you a hint on what’s selling, what are the key market priorities etc. Of course sounds lazy but you could study the value chains of where the goods are being sourced—where are the gaps and then do your own business plans. The danger is market fluctuations—so need to do thorough researches beforehand.
What is keeping Runners Busy? Congrats to Luwy Kay Kusemwa for being hosted on Capitalk FM today. We are very proud of one of our subscribed member whose brand is growing exponentially. Luwy is involved in Buying from China and also teaches students on how to do it on their own.
Runners like Luwy have taken the region by storm. Runners in Zambia, Malawi, Botswana, Namibia, South Africa, Namibia and Zimbabwe. The Runners are not buying goods on behalf of clients who want to consume goods. Most of the clients of Runners are mostly buying for resale. What are the key products Runners are buying? This should give you a hint on what’s trending. Of course for a complete view on imports—Zimstats provide figures. But there are some small items Runners engage in that will not feature on consolidated Zimstats figures.
So there you are, read more on identifying opportunities and we did cover this on our platforms—additional information shared just to help you identify faster trending opportunities.
