Dear VBS,
My business is exporting Tee shirts. These days the business
is very dull. I am thinking to shift to a new business where I expect to thrive
at the same time required only less investment as I don’t have that much money
left with me. Can you suggest something?
Sir,
The export market is dull as there is war in the Middle East
and recession in the European region. The US market might have recovered but,
look at China, it is shifting from export economy to consumer economy.
Now, the demand will increase for food related items in the
African region as the economy in this area is picking up. So I would suggest
you to shift to some consumer items and basic food products that you can export
to the African region.
The Middle East and the EU will not wake up as the war will
continue for long years. Now it is almost 16 years ever since the US invaded
Iraq. The war condition is worsening.
The rare metal business like Copper and Gold will have a
huge demand for import to India too. Another product and Business opportunity
is trying to manufacture automobile parts; even small parts will have a huge
demand in future. What about to become a vendor of small parts of Defense
Industry. Collaborate with some foreign firms to supply parts to big arms
manufacturing companies. All these will have good demand. Online education is a
promising sector as the educational world is merging into a small village. Free
flow of knowledge is the need of the hour.
Hope some of these may fit your requirement for the next
journey.
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