If you are looking for a way to grow your business this year and be successful in your chosen trade, one of the things you may not have thought of is trading. Trading is one of the most diverse ways to make money for yourself and your brand and can be a brilliant way to grow your business. If you need convincing, here are some of the reasons you should start trading this year.
Market Size
If you are working in a specific industry, you will notice that the size of your market is rather small and will contain only people within your niche. This can be a limiting factor for your business growth because you are simply not able to grow in the way you want to. However, when you enter an online trading platform, you are debuting your products and your brand to a much larger audience. There will be people off all walks of life, all parts of the world and all backgrounds who will see what you have to offer. Trading is often a brilliant way to make some extra money for your business because there are simply more people to make a sale.
It’s Easy
If you are worried about how to get into trading, you don’t need to be. Putting yourself up on a trading platform such as Algo Terminal is pretty straightforward and it will allow you to start trading almost right away. Anyone can start trading as long as they have a starting budget to work with. Simply take a look, get yourself on there and you can start!
Profits
It is pretty safe to say that the main advantage we find with trading is the potential profits you can gain from it. The beauty of trading is that with practice, you are able to assess the supply and demand in the market and raise your prices to suit it. This will allow you to gain more money from your products and make a pretty lucrative wage from your trades. It may be useful when you are starting out to test out a virtual trading platform to get a hang of making decisions without money being at stake. Once you are ready, have a go for real and you will start making some brilliant profits.
Tax
When you are trading, it is useful to know that the longer you can hold onto a deal before selling on, the less tax you’ll have to pay. When you go for long term trade deals you only have to pay 15% tax, which is a great advantage and allows you to make more of a profit overall. Trading can not only be a good way to make money for your company, but the expense you save in taxes can be used to grow and develop.
Flexible hours
Trading is an online business, and because of this it is open 24/7 for you to work with. This means that you can trade to your heart’s content and trade whenever you want to. It also means that if you don’t have someone in the business tasked with trading for you, that’s ok. You can trade feet working hours when you have the time to dedicate to it. It is flexible, you can do it whenever you are able and as often as you want.
No commission
One of the surprising advantages of trading rather than using a stock broker or other professional is that you don’t have to pay any commission on your sale. This means that you make the full amount of money for each sale and this will allow you to grow much quicker and spend the money on expanding your business.
Leverage
Leverage is something which you may not be familiar with, but it can be a great tool to take advantage of in the trading market. Simply put, it means that you are able to control a large sum of stock of product with very little money. For example, if you have a leverage of 100:1 you will be able to control $100,000 with only $1,000 in your account. If you are a tad aggressive in your trading and investing this can be brilliant loophole to take advantage of for your business.
Guaranteed stop
When you are trading you will always have the option to stop when things aren’t going your way. This will allow you to make sure you don’t lose all of your investment and that you can get out of a deal before your profits plummet and turn into losses.
Less competition
One of the biggest issues we often face as a business is the issue of too many competitors. When you are working in a specific industry, there will always be other brands in the mix who want to get ahead of you and be more successful than you are. However, when you move into the trading market this changes completely.
International trading is a diverse and open platform which allows for a mix of people from all over the world and all different industries. When you open yourself up to trading in this way you are facing a whole new world of people. The advantage of this is that you will stand out from your competitors, gain more customers and you will be able to grow as a result. More sales on the international market will allow you to grow and develop as a successful business.
Innovate and improve
When you put yourself in front of new people, you will also give the opportunity for more constructive criticism of your products and your brand as a whole. By receiving more feedback from a range of new people, you will be able to make changes to the way your products look and improve their quality. This will allow you to make the best products you possibly can and in turn please your customers. Once you have the perfect product you will grow, get more sales and gain a better reputation too.
