6A- 4 Opportunities
1. Regulatory Virtual Assistant Opportunity
The opportunity I have found due to regulatory practices in the US is to use VA's to do American work. In the United States the minimum wage is $7.25 and the average programmers hourly wage is $15+ and hour. What I suggest is to use Virtual Assistants from other countries where minimum wage is $1-2 and hour through websites like Upwork.com since they only charge $5 and hour for highly skilled programers from around the world and profit on the difference of $15 and $5 an hour.
(a) I found this opportunity from using freelancing websites to do programing work for the company I work for's website and programs. These freelancers are making over 2-3x more than their peers in their home countries. The freelancers also have a suburb work ethic and skill set
(b) Companies pay freelancers in the US $15 and hour for basic programing that cheaper freelancers can do.
(c) The prototypical customer would be a mom and pop shop or a local business that is willing to pay $15+ for a programer to build them a simple program or website.
(d) This opportunity is as simple as hiring a freelancer from outside the US and using them for jobs in the US.
Why did you see the opportunity? I found this opportunity from using freelancing websites to do programing work for the company I work for's website and programs. These freelancers are making over 2-3x more than their peers in their home countries. The freelancers also have a suburb work ethic and skill set
2. Buying a bulk of items before a tariff takes place
I have an opportunity to buy a bulk of items before a tariff takes place on them. For example if the United States decides to slap a tariff on Graphic Cards made in China. Since this item is heavily imported the price of used and new graphic cards will sky rocket due to the price it will cost to buy a brand new one. If you buy a large quantity of graphic cards from China before the tariff takes place on December 31st and the 10-30% tariff takes place on the 1st of January you can make money selling them on January 1st. The value would have gone up by 10-30% after the tariff.
(a) I found this opportunity while reading the news about the tariffs being slapped on items that we import in great quantities
(b), I believe this opportunity exists because of the increased use of tariffs on goods that we heavily import from other nations with cheap labor.
(c) The prototypical customer would be the consumer or a someone you can wholesale the items you just bought for a profit.
Why did you see the opportunity. I saw this opportunity from watching and seeing trends in the news from a regulatory stance.
3. Day Trading during these highly volatile times
Day trading has the highest rate of success when the stock markets are extremely volatile. Historically the VIX index which measure volatile has been the highest numbers since 2008
(a) I found this opportunity while reading the Fed chair speak and reading indicators like the VIX
(b) I believe this opportunity exists because of the wild swings of the stock market lately
(c) You could short a stock during these times and borrow against a stock and sell and keep the profit (Shorting a stock) So you would be selling to someone who wants to buy the stock and buying it back when it goes down.
or you could buy "low" and sell high to someone who is willing to buy your share of stock usually through an exchange.
(d) This is an easy opportunity to exploit but experience could be a factor with day trading
Why did you see the opportunity. I believe I saw this opportunity because many people now see a stock market correction and panic sell and freak out, but I see an opportunity to make money.
4. Arbitrage freelance workers due to a tightening job market
I see an opportunity to arbitrage a workers whoever its construction or freelance contract workers due to economic data that shows the job market is tight which means wages go up due to the increased need for workers and the shortage of unemployed workers.
(a) I found this opportunity from reading and seeing job market data Bureau of Labor Statistics
(b), Data from the Bureau of Labor statistics points to lower then ever an unemployment rate
(c) The prototypical customer would be a company in desperate need for workers.
Why did you see the opportunity. I believe I saw this opportunity because I read federal stats for economic trends.
Hey Zachary, I found your assignment very insightful and it sounds like you put a long time into this assignment. When I read over your assignment I learned so much about what you were discussing, and I was specifically intrigued by your 3rd point when you discussed trading during volatile times. Finally, I saw in your 4th point that you saw your opportunity by reading federal stats for economic trends and I did exactly the same thing for a point on my assignment too.
ReplyDeleteZachary,
ReplyDeleteAfter reading your assignment, I found that you have a much greater understanding for the stock market and trading than I do. This being said, I understood more of your posts on items one and two. Outsourcing work to virtual assistants oversees can be very beneficial to a company, especially with the tax laws and wage rates here in the Unites States. In your second opportunity, buying items in bulk before a tariff sets in is a great idea. The one setback would be that consumers are unaware of your better-priced good because they have always purchased their goods from retailers, not third party sellers.