Economic and Regulatory trends
Economic Trends
1. Influencers make more money than most jobs.
a. I first saw this opportunity on Instagram. Models, famous people, or even aspiring artists have the opportunity to become Instagram influencers with the right posts. I saw an ad that told me I could become an influencer and out of curiosity I clicked it open. It told me I had to begin with putting up good content for people to see.
b. This led me to believe that many people who never even went to college can dedicate an entire career to doing this while making money. Being an influencer could provide someone with a luxurious lifestyle.
c. The prototypical customer would be someone with a big following or someone that creates good content (good pictures, and videos).
d. I believe that with dedication it is easy to exploit because so many people have become so many people are on social media looking for ways to make money.
Another person might see this and find this opportunity unachievable or maybe impossible. This is because it does take talent and dedication to get to that level. I’ve had the experience to model clothes for Instagram and was able to keep it. If I would have continued maybe I would have been able to use this opportunity to its full extent.
2.
Making money by investing
a. The first time I learned about this opportunity was through a friend who made thousands of dollars by investing into online marketplaces. He had earned thousands of dollars in a week.
b. This led me to believe that an opportunity exists because it creates jobs for people who want to work at home.
c. The prototypical customer would be people who work from home and/or did not go to college.
d. It is easy to exploit this but the person has to be willing to learn first and dedicate their time to it. Some people are naturals when it comes to the job.
Another person would find this opportunity to be unachievable because many people don’t have the skills required to deal with investments but it is an opportunity that exists and can be achievable through hard work and dedication.
Regulatory Changes
3. New regulatory Environment impacting business models
a. I heard about this opportunity through the internet reading the news. It had to do with regulatory reforms impacting businesses.
b. This led me to believe that an opportunity exists in environment reforms where we can shape it to be more adaptable.
c. The prototypical customer would be a business owner that needs to improve his business.
d. It is hard to exploit this regulation because it is not a popular option in the public crowd.
Another person would find this impossible to achieve because of the many laws that would have to be adjusted in order to change regulations for this.
4. State-by-state sports betting bill
Source- http://www.espn.com/chalk/story/_/id/19740480/gambling-sports-betting-bill-tracker-all-50-states
a. I found out about this opportunity through the ESPN channel. It talks about government getting more involved in sports legislation.
b. This led me to believe that there’s an opportunity in legalizing sports betting.
c. The prototypical customer would be anyone that wants to bet on sports.
d. It’s definitely an easy situation to exploit because it is a popular topic amongst entire United States.
Another person would find this to be achievable because of the amount of support that it would receive amongst sports fans. I believe that this is a heavily popular topic that can be done with time.
I really like how the first economic trend you saw literally came from social media, as it obviously is relevant with current trends and has interest on many apps. The second economic trend as well was really interesting as it relates to investing and making money, as this is an entrepreneurship class so it relates to the class well and mentions interesting ideas. I also really like the sports betting regulatory trend as that is currently going on and may have big influence in future businesses.
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