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December 2019

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We’ve seen lots of shake-ups in the global worlds of business and industry over the past few years. Among others, the sudden crash of crude oil prices has really left the international business world reeling. People feel, and rightly so, that there is no certainty anymore, no security. Maybe there never really was and we are just waking up to that realization.

One positive aspect to all of this mayhem has been that many of us have done some soul-searching and are now more open than ever to possible new opportunities. As a matter of fact, all of this disruption is in many ways a blessing in disguise, because it destroys the image of some business as “safe” investments, and promotes a much more open-minded mentality among investors as to taking a chance on the new and less proven. If not even oil is a sure thing, and nothing is a sure thing anymore, one may as well invest in something that has real potential to transform the world in a positive way.

We’re going to take a look at 4 different industries that we consider to be up and coming, and have great potential for an investor to get in relatively early and capitalize on their relative newness:

Online Casinos:

Investing in an Online Casino is first on our list for a big reason: This is actually a great investment, with huge potential returns for relatively little risk. Online casinos consistently come in among the highest growth industries worldwide, and the trend is likely to not only continue, but very possibly even accelerate some more.

The trend is so strong for many reasons. First off, gambling is something people do worldwide, and they do it even in places where it is highly illegal. The demand is never going to go away. But brick-and-mortar casinos have their drawbacks. Let’s face it: nobody wants an actual brick-and-mortar casino in their backyard! Also, brick-and-mortar casinos are often beholden to legal regulations on local, regional and national levels, sometimes even conflicting regulations. Online casinos don’t have either of the above problems.

The only caveat here is that this is a very competitive industry, so you have to do your homework before taking the plunge.

E-learning:

E-learning sites such as Skillshare, Udemy, etc. comprise what is still a fledgling industry, and one with massive potential.

The panorama is actually very simple. Decades ago, colleges and universities were the sole gatekeepers of higher learning. For better or for worse, they controlled who had the credentials and therefore qualified for the positions in the vast majority of all industries. Folks who had legit degrees made up a minority of the total population, and the degree was seen, once again for better or worse, as a legit barrier to entry.

In today’s world, this has somewhat deteriorated. A much higher percentage of the population has at least a bachelor’s degree, but the value of that degree has lessened considerably, both because of simple supply and demand, but also because the quality of the education behind that degree has visibly gone way down in terms of quality.

Many post-secondary educations are de facto extensions of adolescence, at a hefty price tag, providing very little value for the investment. Does this sound like too harsh of a judgement? Consider that the Harvard debate team recently surprisingly lost a debate to a prison debate team. Granted, these were some smart people on the winning team, but keep in mind that, decades ago, Harvard’s debate team would go years on end without a defeat! Remember that one of Harvard’s stated goals is to collect the best minds on Earth.

This type of deterioration is obviously not a good thing, but it does represent a catalyst for a whole new industry, the e-learning industry.As the trend of dumbing-down and self-devaluing of the education system continues, it is inevitable that more and more people will take to e-learning as a cheaper and possibly much better quality alternative. This has enormous potential for the human race in general, and specifically as a business venture.

If the current trend continues, e-learning will steadily rise in prominence as a new and better alternative that will start to even threaten other more formal institutions of learning. At the very least, we will start to see e-learning certificates appearing more and more on CVs as time goes on, and that makes this very much a massive growth industry.

E-commerce:

E-commerce is sort of the “old faithful” of this list, but we feel it needs to be included all the same, because, although it’s been around in some from or other for more than two decades, it has yet to really hit its stride.

Normally this wouldn’t be such a good thing to say about a business opportunity, but for one simple and undeniable fact: this is absolutely and undoubtedly the future, and everybody knows it will take over the world; it’s just a question of when.

Honestly, it’s not like e-commerce is not a growth field either. It has been supporting some pretty significant growth numbers as of lately; we just feel that it has so much further to go, which is exactly what makes it still a great opportunity, and there is still a lot of “ground floor” left in it.

Dropshipping:

This one has been saved for last, but it’s definitely not least on the list. Dropshipping is very potentially powerful, and among all of these industries, this type of company, while having a high degree of risk behind it, has the most potential to exponentially multiply your profits quickly on this list.

Dropshipping companies are simply companies that partner with online retail giants, and buy products and resell them using these same partner companies’ platforms. Properly set up, a dropshipping business has almost no overhead, and simply consists of acquisition of products, and them marketing said products. The partner company receives the product, stores it, processes the transaction, and then sends the sold products out to the buyer for a nominal fee.

Care must be taken to ensure that the products the company deals with have good enough margins and will sell quickly enough, and that the people involved with the marketing know what they are doing. If you can be sure of those two points, you have yourself a winner.

Winter is a tough time of the year when the weather can be difficult, and we have to protect ourselves every time we step outside.  We also need to protect our homes in various ways to make sure they stay safe and warm through the season.

Protect your home

Before the worst of the freezing temperatures come along, it is worth checking the water in your home.  You should know where the water mains are in your home and how to shut them off if there is a problem.  Check all visible pipes for signs of leaks – even a tiny leak can lead to a burst pipe in the colder months.

Another protect to ensure is that you have the right home insurance in place, just in case anything does go wrong.  Chill .ie lets you check the cover you have and make sure you are getting the best price.  Look for things like the excess on an escape of water claim to make sure you won’t be left with a bigger than average bill if something bad happens.

Make sure all the safety devices in the home are working and have batteries such as smoke and carbon monoxide alarms as well as your house alarm if you have one.  Check your locks are working well as ice can freeze up mechanisms if you don’t use a certain door very often.

Keeping it warm

Your home’s heating system is one of the most important things during winter and it can be advisable to have a service on your boiler and heating system before the weather gets to its worst.  The colder it gets, the more pressure is put on the system and the greater the chance that something goes wrong, leaving you without heating and hot water.

If you have air conditioning systems in your home, this is another system to have checked during early winter.  Because these units have outdoor elements, they can be prone to freezing and can lead to a breakdown or other problems.

Ideally, set your home temperature between 18-20 degrees (64-68 Fahrenheit) when you are in and a little cooler when you are out at work.  That way you reduce the risk of pipes freezing and bursting.  Even in unused rooms, keep a low-temperature setting for this reason.

Outside safety

There are some steps to take around the outside of your home to help protect it in winter as well.  For example, trim back any trees or dead branches that are overhanging paths or the main footpath – these could fall and cause injury.

Make sure the gutters are free from leaves and that the drain for the main downpipe isn’t blocked.  Blocked drains can cause a range of problems from the ice on paths to burst pipes in the house and even penetrating damp.

If there is a good fall of snow, then use a brush or rake to clear paths within your property boundaries to make it safe and scatter some salt or grit to make it easier to get around.