Thanks to social media and the internet, we have access to global news and information 24/7. Did you know that as a business owner, keeping up with international news can improve the performance of your business?
We live in a generation that is currently connected to the rest of the world more than ever before. If you want to find out what is currently happening in Italy or Norway, all you have to do is go on the internet. So how can you utilize global resources to upgrade your business? Keep reading to find out.
Global news can help you expand your investment portfolio
In a time where people are being empowered to have multiple sources of income, international news can help you discover your business acumen. Sure your current business may be doing fine, but how do you invest the profits from the business to make more money? There are various topics that are never lacking in the business section of international news. One of the topics is real estate.
Have you ever thought about investing the revenue from your business in real estate? You can learn so much about real estate investing by watching the news from around the world. For instance, do you know that real estate investing does not have to be limited to the country you live in? And if you are worried about taxes, we recommend you learn about the 1031 exchange. What is a 1031 exchange? This is where you swap one investment property for another property so that you can defer capital gains tax to a later date.
International news upgrades your business
By spending a few minutes every day on the internet reading global news, you may come across a business idea or an invention that could completely transform your business. You may learn how local business in other countries are exporting their products and gaining more income.
Also, you may discover how the laws of taxation, importation, and production in other countries differ from your own country and decide to move your business to a new country. You can also take advantage of upcoming international holidays to sell more products from your business.
For instance, watching global news may help you discover a holiday such as international fasting day. If you own a content marketing agency, you can reach out to international organizations to create content about international fasting day for them. You can write a blog post for clients about when the fasting day was formed, what inspired it, the benefits of fasting, foods to eat after fasting, and how fasting can benefit the body.
Global news gives your business exposure
Chances are high that you interact with different kinds of customers in your business. News from all over the world will help you learn about different cultures and this may present you with new business ideas.
For example, perhaps you own a simple grocery store that you do not expect much growth from. And maybe you receive customers from different religions and cultures every day coming in to buy some vegetables and fruits among other things. If you watched more global news, you could learn about exotic foods and vegetables from different cultures and decide to sell some of the exotic food products, vegetables, and fruits at your grocery store.
The next time one of your foreign customers comes in to buy some veggies, they will realize that you have added new products to your store and will probably buy them especially if they recognize them. The same customer will go and tell their friends and family members that your store is selling products that can only be found back home (in a different country).
Guess what? Your grocery store will now gain several new customers that will be coming in solely for the foreign food products that you are selling. This will boost the sales of your business making it grow faster than you had anticipated.
International news provides new business ideas
A business idea that you can gain from watching international business news is investing in cryptocurrency. Whenever you watch global news, you will never miss information about the current trading prices of cryptocurrencies in the foreign exchange market.
When Bitcoin was first created, most people around the world underestimated it and did not invest in it. Today Bitcoin is the largest cryptocurrency in the world. You never know which cryptocurrency could be the next Bitcoin, but watching international news will definitely give you a hint and enable you to invest early on.