Give Your Business The Advantage This December

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It’s hard to believe it, but 2016 is at an end. It’s been a very topsy-turvy year as far as businesses go, from dollar rates fluctuating worse than power supply, to indecision on whether or not we are in recession, to Donald Trump being elected as President of the United States with zero political experience. So while many businesses are balancing books and cutting losses, the truly savvy business people are getting ‘Trumpish‘ and devising means to take advantage of the December Opportunity.

One thing we can all agree on is that prices go all the way up in December. Ever wondered why? Elementary Economics – rise in demand results in a rise in price. During the festive periods, everyone wants to do some last-minute shopping for Christmas, or the holiday, or that office get-together, or any other reason people find to celebrate.

Monthly Growth Rate of Total Retail Sales of Consumer Goods in China
Monthly Growth Rate of Total Retail Sales of Consumer Goods in China

Notice that the highest points on the graph are around December.

Year after year, the same trend can be seen even in our local markets, where hundreds of thousands of shoppers come from various parts of the country to get products they would need for the the festivities, and year after year these shoppers complain about how much higher these prices are than last time.

With the state of the economy now, it is safe to say the prices this year would be a lot steeper, but it would not stop the buyers from buying, and we know when one person is losing money, it is usually because another is gaining; it’s only a matter of choosing which side you want to belong.

Balogun Market on Christmas Eve.
Balogun Market on Christmas Eve

How do you take advantage of high prices you ask?  By being the early bird; Elementary math, if you get goods at the lowest cost price, and sell at a higher selling price then you’ll make a profit, so the key is getting enough goods beforehand to meet the December demand so you don’t run out of stock. When the buyers flock to you, you meet their demand, and you do it smiling because you planned for it.

“If you fail to plan, you’re planning to fail”  – Benjamin Franklin.

No surprise he got his face on the dollar bill.

 

If you don’t have the funds to seize this opportunity, maybe because you’ve promised the kids a fun Christmas of gifts and games, or maybe you made a down-payment on that piece of land, then you could take a loan. While this would be the smart move, because after all, you would be making crazy profit margins to cater for it, it would also be wise to get one that is flexible, where you don’t have to worry about meeting repayment deadlines during the January drought.

Wondering where you could get one like that? Elementary…oh well, we’ve still got your back, here at Flex Advance.