This blog aims at equipping individuals with business and finance tools in simplistic terms. It convers both business finance and personal finance. It also looks at the actions that can help you run a business successfully. It has some juicy flavour in it. It also aims at getting individuals closer to Allah (SWT) Enjoy!
Search This Blog
5 Industries to invest in
Image courtesy of Salvatore Vuono at FreeDigitalPhotos.net
Hello readers, today, I decided to give you a list of industries you can invest in. These industries are profitable as such you can start a business or buy the shares (halal) of companies that exist in the industry.
1. Healthcare Industy
This is one of the largest and growing industries in the world and it takes at least 10% of the GDP (Gross Domestic Products) of most developed nations. The industry had a net profit margin of over 18% in USA (2015).
2. Finance Industry
This industry is also a very good one for investment. Everyone deals with money. The industry had a net profit margin of over 16% in USA (2015). However, your products should be halal
3. Transportation Industry
Individuals always move about, thus it is a good industry to invest in. The industry had a net profit margin of over 8% in USA (2015).
4. Communication Industry
This industry is also a good one, individuals always communicate either from one city to another or from one continent to another. Thus the business is a lucrative one. The industry had a net profit margin of over 6% in USA (2015).
5. Retail Industry
This is another industry that is profitable and growing. The industry had a net profit margin of over 3% in USA (2015).
Hello readers, today I will be writing about buyers behaviour when it comes to purchasing products (goods and services). I hope your week has been good. A buyer is an individual that makes a purchase. That purchase can be influenced by his/her emotions or his/her rational mind.
For your marketing strategy to be successful you have to truly understand the buying behaviour of your customers. Some customers buy goods based on trust and loyalty which falls into the emotional reasons. Thus, you have to build trust between your customers and yourself so they can return back to you. Trust is built when you offer good quality for reasonable prices.
Some products are bought regularly while some products are purchased seasonally. If your products fall into the seasonal category, you should only purchase them to be resold during that season. At times buyers purchase products on behalf of another individual. In that situation, you have to capture the mind of both the buyer and the actual person tha…