HELLO HIVE

There are so many big investments in the foreign market and investors who mostly want to hit it big in a short while are advised to try the foreign Market and see how it would build their portfolios within a very short time .As sweet as this advise will look like it is very common for those people advising us about this market not to tell us the details of the market and how the market can not only make you rich but it could make so one go bankrupt as well , advise like that only come in terms of the positive side of things.

Take Nigerians for instance the price of goods here can be so costly that if you go into the business of shipping in this products from other countries and then selling them in Nigeria then you might end up making crazy money from it ,at one point that was the trend but now the money you spend shipping this products has even gotten so people in trouble cause the price they purchased that product plus the money spent shipping it makes it difficult to make any sought of interest out of it since the money spent all together might even be more than the price of purchase and shipping all together.

A very good example is the iPhone 14 pro from the iPhone series you can get it in Nigeria for prices between # 950,000 to #1,039,000 while in the US it is sold for around 999 dollars let's say a thousand dollars which is approximately #749,250 you see the gap in price and think that it will be business as usual but it is not always like that.

The size of what you are shipping some times is a huge topic of discussion in foreign trade you could be lucky sometimes with tax of get trashed by it,it could go either way .

Some factors that affects the foreign Market

Fluctuations in market price of assets

That's the most risky part of foreign Market,let me share a very funny story that happened in one of the phone markets here in ilorin Nigeria now one guy went to a shop where they sell phones and got and iPhone and #180,000 and when he came out of that shop and called his friends instantly to tell them how cheap he was able to purchase the iPhone compare to how much they where purchasing it before his friends where shocked and they all came to the same shop like 30 mins later to buy same phone with same specification but on getting to the shop the seller had already increased the price by a further #20,000 and they asked why he did that and his answer was shocking "the price of dollar has increased compare to the naira value " that's a market opportunity for the seller and it was so obvious that he did not know the current price of dollar compared to naira when he sold it to the first buyer and that is how funny this could go on that front.

New exchange laws

This is a very big problem when it comes with foreign business it is not something you can control at all cause the government can just come up with new laws that prohibit exchange between two countries and sometimes this could might be your best export or import country as the case may be,this can totally alter the direction of your business.

How to manage this

I don't think you can stop it from affecting you since that's what the market is all about but you can manage to some extent.

Diversify your business and exchange to different countries

Try to spread out your investments to different countries not just focusing on one cause it is working.

Sought for New market opportunities

No matter how well your foreign business is doing at a point make sure you sought for New opportunities no matter what .

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