Friday, September 20, 2019
Identifying Opportunities in Economic and Regulatory trends
The first opportunity related to regulatory trends is that Bitcoin is not currently well-regulated enough to be traded on major stock exchanges and there is no rush to change this. I found this article on cointelegraph.com and this most affects technology stock investors but also all humans in the long run. Paper money is outdated and when Bitcoin becomes more regulated, it will have a major impact all over the world as it will slowly become the global currency of exchange. I think this regulation and verification process should be sped up as there is an opportunity for so many new markets when Cryptocurrency becomes fully accepted. I saw this opportunity because i think the world is ready and just waiting to make the switch from paper money to all electronic and digital currency.
The second opportunity related to regulatory trends is that now only 7 out of America's top 100 retailers sell guns due to the increasing sociocultural pressure in the U.S. I found this info on 24/7 Wallstreet.com. In light of the recent democratic debates and their incompetence regarding "complete gun confiscation" actually caused gun sales to skyrocket. Gun company's were calling Beto O'Rouke their salesman of the month. Also, More people now want to carry to protect themselves from random mass shootings committed by deranged people. Therefore, I think there is an opportunity for small gun company's to open a lot more stores to take advantage of a market that America's biggest retailers are scared to take part in. This might be difficult to exploit as this would cause significant debate and backlash. I saw this opportunity because I watched the democratic debate and I know how the public reacts to nonsensical garbage, they just do the opposite of what you want them to do!
The first opportunity related to economic trends is that Amazon has recently been accused of not properly checking products from outside companies that they sell on their site. This article was in the new York times. I believe that even know Amazon is a huge company, they should still be meticulous with everything they do to avoid errors or unhappy customers. I think an opportunity exists for Amazon to do product testing with everything it sells on its site to ensure that it is up to their standards. Online shoppers are often hesitant to buy from 3rd party sources on amazon as amazon never sees the product that it sells. I saw this opportunity because Amazon is the most dominant company in the world and i don't find it there current quality control methods effective.
The second opportunity related to economic trends is that kids are getting their first cell phones at the youngest age they ever have in the last few years. I found the article on msnbc. As easy as an Iphone is to use, i don't think it is appropriate for children as young as six or seven to be playing on a phone all day especially with access to things they should not see. An opportunity exists for apple to create a phone designed specifically for young children that focuses and enhances safety features and productive learning. The Prototypical customer is young parents who want to communicate with their kids all the time but dont want to buy them a thousand dollar phone with way too much power. I thought of this idea because children should simply not be using the all mighty and powerful iPhone at such young ages.
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I find it interesting what you said about Amazon, working at Walmart the online market part of it is very random. It's hard to track the quality of products when the company lets any third-party company sell through their site. I agree that Amazon should still be able to check what who's selling - but also when you're a customer you should realize that if you're buying something online for super cheap, it's probably too good to be true. Great read!
ReplyDeleteHey James,
ReplyDeleteI find the gun article interesting. I used to work at Dicks Sporting Goods and many customers were mad once we stopped selling certain types of guns. I think that could be a great opportunity for smaller businesses to take the risk to sell to people who want to protect themselves. When talking about the Amazon article, I personally think it would be great to have product testing done. I have bought things that turned out to be horrible due to the fact that it was from a third party site.
Hey James, I found your economic trend related to phones and the age at which kids are getting them very interesting. It is very true that kids are being exposed to iPhones or other smart phones at a very young age which can be unproductive for their mental growth. Your idea for to come out with a product that focuses on enhanced safety features and productive learning is a great idea for our society.
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