Many factories specializing in construction and building materials have closed their doors and those factories have moved offshore or to Mexico. It’s amazing the monumental loss in the last 2-decades, and the industry specialists see this as continuing – for several reasons. Let’s talk.Not long ago, an acquaintance of mine who sells building materials explained to me that many of the building supplies made in China are every bit as good as those made in the US, but I was skeptical. He told me the reason was because US companies had moved their factories over there to get away from hostile unions, over regulation, employment lawsuits, and to save costs. Today, he said those factories are run by American companies, by American standards and they carry American Brand Names – thus, they are closely watching the quality like a hawk.A recent report by WMI – World Market Intelligence indicates that not only are building materials being made in China, but they are also being bought there due to the massive growth in constructions. WMI stated; “The value of the construction industry in China has risen from US$ 506,568 million in 2005 to US$ 990,203 million in 2009.” And they suggest that it will continue to grow, outpacing the US even after the recovery takes hold here. Indeed, I recommend this report for anyone who is serious about the Chinese construction industry – it’s a real eye-opener, and there is a lot of opportunity and growth there.You see the Chinese are building schools, bridges, roads, government buildings, military bases, power plants, dams, and urbanizing the nation at record pace. Yes, everyone knows of the massive corruption in the construction sector in China, and that is a hump they will have to overcome. And in the US we know all too well that we have had to watch the building materials coming from China. Case in point was the toxic chemicals in the Drywall which came to the US during our last big housing boom.Now then, these factors along with the slow economic recovery in this sector means there is opportunity in China for the building material industry, and it also means cheaper (less-expensive) building materials which will help keep things affordable in the US as our recovery in the industry takes hold. Expect slow growth in the building sector in 2011 and continued growth moving into 2012. Please consider all this, and stay informed – use this information wisely. Think on it.
When it comes to making money at home, the internet comes into mind. Of course, there are a lot of opportunities online that can help you a lot in making profits and getting a steady stream of income as well. If you are business minded and you want to start your own online business, you can make it simple with some tips on how to prepare your business well.Here are a few things that you may want to give attention to if you want to make good business online.- Do your homework and research on the types of businesses that are ‘in’ online. Unlike in the offline setting where you can just put any business you want, you have to consider that if you want to start your own online business, you have to consider a type of business where people online can patronize. Remember that you have a worldwide audience online, so venture into something that you can send to anyone in other parts of the world.- Do a market research. If you have a business idea already in mind, follow it up with a market research. Identifying your target market in the vast worldwide audience can be easy but knowing what they want can be a little tricky. Even if you have been in the business world for so long, it is still not a guarantee that you know what your target market wants exactly. Do a market research. If you are starting up with a small business and limited budget, find cost-effective ways to conduct an accurate market research.- Assess your skills, knowledge and background. It can be easy if you can start a business that you have a good working knowledge of. Invest your skills. If you know web programming and designing, then you can start your own online business in web programming and designing. If you are an expert in credit management, you can also offer a credit management consultancy services online. If you are good in retail business, then you can set up an online retail store as well. Options abound online but getting involved into a business that you know and you have skills about, then you can make these your good foundation of your business.- Create and establish your website. Whether you are selling goods or services online, or whether you are into internet marketing business or just simply into a consultancy business, a website is important to have. Of course, you can do business without a website but having one is a great advantage especially if you do have a good volume of online visitors coming to your site. In trying to start your own online business, you also have to understand that a website is not enough. You have to give efforts to advertise your website and your business so you can also compete in the market.Keep these tips in mind and make sure you also have done your in depth research on the do’s and don’ts of putting up your business online. Safety and security is also important as well, so take time to consider that in your business plan.