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3 Ways To Get Rich In These Digital Times - Business - Nairaland

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3 Ways To Get Rich In These Digital Times by Papilo87(m): 6:12pm On Sep 21, 2015
This was originally published on Nairabrains.com but I felt to make a summary for peeps here. To read the full version you can go here

Getting rich is no small joke. In fact it is not for everyone which is why lots of people never and will not get rich (in pure financial sense).

If you find yourself in Nigeria in these digital times however you stand a greater chance than your countrymen several decades ago. One reason – the internet has sort of tried to level the playing ground and lowered the entry level requirements to get rich. It is still very tough but the chances are slightly better now.

These days a young 20 something with a bit of strong vision, skills and some dose of luck (as always we will mention Father Luck won’t we?) he/she can create reasonable wealth utilising all the magic powers the internet provides.

3 Ways to do that...

1. Look for Problems Technology Can Solve if You are Sufficiently Skilled

Ours is not a very developed society so there are pretty several challenges and problems of life that can be solved with the creative use of technology. In the past decade technology has provided the youngest group of billionaires in the world many of them in their twenties. If you have a keen eye for spotting problems and challenges you can create valuable solutions to these challenges.

Technology has brought solutions to real estate challenges, education, buying and selling (e-commerce), academic research, communication/networking etc.

2. Turn Solutions into Products (That Can be Sold Over and Over to Millions of People)

It was several years ago that I read somewhere about how a business with products can be valued higher than businesses without products. In finding solutions to challenges around you if you want to be rich faster your solutions must be turned into products. That way you can have a business with value and that is sellable.

For instance if you live in a city or town with relative computer illiteracy you can set up a computer training business but you can even make it more profitable by creating and selling illustrative and easy to follow videos that teach people various aspects of computer usage and knowledge.

3. Become an Expert in a Big Enough Niche/Market

If you would rather not run a business managing others and coping with the all the challenges you can explore the option of being an expert in a niche big enough to make you reasonable income. From photography to writing, creative design, programming, digital marketing etc you can create substantial income for yourself working hard to build a reputation as an expert in a niche.

This is an abridged version of the article. You can find the full article here
Re: 3 Ways To Get Rich In These Digital Times by Nobody: 6:50pm On Sep 21, 2015
all nah ICT related...
Re: 3 Ways To Get Rich In These Digital Times by Papilo87(m): 10:21pm On Sep 21, 2015
Yes!!!

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