A lot of ways have been suggested to start great businesses. Mostly are startup opportunities and SME strategies.
But the most unconventional ways to invest have been hidden, mostly not intentionally. But because they are the kinds of opportunities that people have around them and yet never cared to look at.
That is probably why they are called unconventional.
I took a deep study into how some of the richest men and top influences in the world approach investments.
what i found is huge.
Most of the few top men around the world have basic styles of investing that have made them very rich. But these are methods the ordinary man never looked at at all.
And that is why the toppest men in the world continued to remain at the top. The best of investing is usually among the poor but the poor never see it. The most talents, ideas, interest and opportunities for investing is right there but the people never see them.
After a long study into various investments, this is what i found to be the simplest ways to make the best of investing
Investing in people’s poverty-
The greatest and the simplest way to discover and create investments is investing in poverty OR as it is called – ‘saving the people from poverty’.
A lot of great philanthropists have created their best investments and giant industries out of a plan originally initiated to save communities. That is why they can’t stop being philanthropists.
In a recent report released by Oxfam International, an organisation in Nigeria committed primarily to improving livelihoods, women’s rights, and good governance. In A report titled ‘Inequality in Nigeria, as presented by Premium Times, It stated that – the combined wealth of some five richest Nigerians, put at $29.9 billion, could end extreme poverty in the country.
Imagine you deciding to have pity on an impoverished community and to alleviate them from poverty. You will not just dash them money because that will never save them.
One of the ways to save these human resources from poverty is by providing jobs.
Well if you have to provide jobs, it’s not any likely that you move them all to a new location where they can serve in any of your already existing companies. No one does that!
So, what should you do?
Well, since you have the resources, the most plausible advice for you is to identify what products or services that is most needed in and around this communities, build a business or company around these products or services, employ the citizens to handle say 99% of operations of these company.
This work everywhere, Africa, America, Asia and mostly in the developing nations
Washington, DC, USA, September 22, 2016—In a new report released today, IFC, a member of the World Bank Group, demonstrates that companies across the globe can both increase profitability and accelerate poverty reduction by developing untapped markets among the poor.
Even though most of these kind of investments seems to be targeted at alleviating poverty, great philanthropist have utilise this as a means to kickstart a lot of giant companies.
You will sell a product that is widely needed,
You will not only get relatively cheaper labor,
But you will also have a new company,
What about selling a product that is widely needed and get a lot of roi,
And you would have alleviated poverty,
you can continue to invest whatever proceeds from this company back into it or you could expand or extend.
You may also start new businesses and with time, you are becoming the lord of these people.
At the end, you gain popularity, loyalty, support, and their respect.
You don’t have to be a philanthropist. Go all out as a business man. Most great philanthropist don’t register their intentions as philanthropist. It is usually a title acquired out of their numerous endeavour.
When the people see all your efforts, you un-naturally get recognition. But all that wouldn’t matter.
Philanthropist or not, your goals are the plans to make the best of investing. Use the philanthropic approach to create the best investments. Earn money. That’s the motive. Investing in people’s poverty is one of the simplest ways to invest and get a lot of return on investment.
Invest in people’s interest-
Often times we discover an interest-based community of people who share a common interest or passion
This kind of community is not mandatorily bounded by space or area, they are usually brought together by a common interest or passion. People travel from one community to another where they find other soccer enthusiast to watch and discus football.
when you enter a community and discover that the people have vented interest in a particular crafts, styles, trades, or events, then you understand that it’s a big opportunity to invest into such interest.
Dance alone is a major kind of economic activity that could generate a lot of economic growth in a lot of communities. Art and drama is what some other people have considered so dear to their heart.
A lot of people in varying communities in Nigeria and Brazil will spend their last card to go watch, play or participate in a football tournament. But most asian Americans, African Americans have vested a lot of community efforts on basketball (Discus)
If you get into a community and discover that they love football.
Everybody watches with keen interest. Nearly half of the people are either footballers, spectators, distance fans or fanatics.
Then you should know to build a business around sports and particularly football.
There are a thousand and one investments you can create around football in this kind of community. And with time, you will easily generate a lot of ROI and patronage around your business because it is targeted at a popular interest.
Invest in people’s talent-
people are usually the biggest asset an organization has. You don’t always have to invest in companies because companies are usually borne out of talents. Talents are usually the breakout point of many innovations
When you get to Brazil, you find a lot of talented footballers. When you get to certain part of the US, you find musicians. Talents are bounds and you find them in and around the corners, streets and roads.
Even skills like computer programming and human resource management are now borne as talents in a lot of people.
In this glory days and age when the populousness of talents abound in every streets and corners, talent scouting & management will be one of the next sort after trade vocation and a great chance for investing.
Ironically, and even regrettably, it is also At this time we have seen most companies cutting back on their investment in people
Many organizations hold a tight reign on training budgets because they fear people will leave the organization after they’ve invested all this fund in them.
This may occur
However, just as many people, if not more, leave organizations because they don’t feel valued by their employers
It’s a well-known practice by wisdom leaders that if you invest in a talented team and give them the freedom to create, they will be able to test, experiment and build something successful that could make for great investment opportunities
You will succeed in building associates instead of just staffers.(source)
Identify a rare gem in talents or acquired skills, invest your money in their training and building. You will be glad you did.
You don’t even always have to go scouting. when you identify a gem in any of your companies, you can use him/her to start another.
If you wake up today and realize that your son loves coding, then you know you are about to start another computer company.
You don’t have to force a parrot to limp. Since what it knows to do is to talk, just go ahead and invest in its taking. It will soon move from people hating it because it talks too much, to people loving it and want to be inspired and mentored by it.
A lot of friends we hated and despised in our school days just because they talk too much are now the sweetest TV host and hostesses we admire so much.
I pulled this lines from a post by Mehran Mehregany at hbr.org
As the convergence of digital technologies drives unprecedented levels of change in global marketplaces, it is very much a reality that a company must, as Bill Gates put it, “innovate or die!” In the race for relevance to future customers, the greater a company’s innovation capacity, the greater its chance of success.
So how does a firm build its power and agility in innovation? The answer is simple and, to my mind, obvious – yet, it is not the direction in which most innovation-seeking firms seem to be channeling their efforts. Having designed and managed innovation programs in a variety of settings, I know that a company’s innovation capacity comes down to its talent pool, and its commitment to building knowledge and competencies one individual at a time.
Done properly, employee training and development can provide a company with a considerable return on investment. Especially those that are service firms or business that rely on their reputation, which is just about all businesses.
Unlocking the untapped potential locked inside employees and channeling this effectively, will surely boost the company’s performance a great deal
- You can build a university or college around a particular skill or talent set.
- Get similar results by inviting a thought-leader into your organization to move your thinking forward.
- Have your own people lead a session to help build the skills of those on your team.
- You can also provide coaches to help your people build on strengths.
- You can create talent hunt shows and have people participate.
- Organize a talent management company and have a scouting team.
At a time when most people are cutting back, dare to do something different. Make the best of investing in people. The return is certainly there.
So, if you must invest, learn how to do so the unconventional way, because that is some of the simplest ways to make the best of investing, and fast too. If you want to get rich, make money fast or learn how to invest money and get quick return on investment, then you should learn how to Invest in people’s poverty, invest in people’s interest or invest in people’s talent
Now what do you think about this methods. Do you know any investments or businesses started in any the three methods stated here. Would you try this or recommend it to anyone. Feel free to express your view in the comment box below.
Relevant sources: source