A Key To Making Money
There are thousands of people out there who are beating their heads against the wall trying to come up with the next big business idea. The key to making money in business is knowing what is going to happen.
It’s a simple idea really. Every time something happens on our planet there is an opportunity to make money off of it. The key is to predict what will happen, before it will happen and to put yourself into a position to make money off of it.
The clues of future events are under all of our noses as we speak. Although this is an easy idea, it can be a very hard thing to do.
Let’s look at some examples:
#1 – If you knew that oil demand would surge and that supply would not keep up, you could have made a killing. The clues have been here for years. It was no secret 10 years ago that China and India’s economies were growing quickly and predicted to grow for years to come.
These economies run off of oil. Therefore demand for oil is going to go up greatly. OPEC and other oil producing countries love the fact that oil is at $75 a barrel instead of $25. They make 3 times as much money with the same amount of work.
If you saw this happening 5-10 years ago, you could have put yourself into a position to profit from it. You could have bought oil stocks or oil on the commodities market. People who did this have made a ton of money.
#2 – If you knew that most people in America would own a cell phone, you could have made a killing. The clues were there. If you take a look at history you would have seen how the telegraph fell victim to the telephone. Well history repeated itself and the telephone fell victim to the cell phone.
Once again if you knew this was going to happen, you could have invested in the baby cell phone companies, which are now huge players in our economy.
The moral of this story is that instead of beating your head against the wall trying to think of ways to make money in today’s market, you should be trying to figure out what is going to happen next. What is going to be the next big thing. Look for the clues. Study where the market is heading and what has happened in the past.
Most importantly, put yourself into a position to take advantage of where we will be in the future.