A harsh reality in Bangladesh is that securing the future with income from a job or small business is becoming increasingly difficult day by day. Therefore, in these uncertain, unstable, and highly competitive times, most people are searching for the answer to a simple question – where should I invest? Many people keep their savings in the bank, while others invest in various risky sectors hoping for high returns. Where should invest? Many people keep their savings in the bank, while others invest in various risky sectors hoping for big profits.
But the urgent question is, which investment is the safest or most promising? If you want to invest a small amount, from 10,000 to 50,000 taka, where should you put it? You need to know the right investment strategy and understand the types of investments to make an informed decision.
In this blog, we will discuss strategies to identify profitable investment sectors, compare safe versus promising investments, and explore which safe and promising sectors you can consider for your investment.
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Why should you invest your savings?
Most of the time, we save money for the future. But just saving is not enough; investing is essential to grow that money.
The reasons for making new investments are—
- Due to inflation, the value of money decreases. Today’s 10,000 Taka will not hold the same value after 5 years.
- Investment gives higher returns compared to savings.
- Financial security for the future can be ensured.
- Achieving any of our big dreams—such as buying or building a house, or funding children’s education—is difficult without investing.
So, the question is very timely — why should we invest? Where should invest??
Safe Investment vs. Potential Investment
If you think very simply, you will see that there are basically two perspectives in investment: one is security, and the other is potential. Let’s learn some basic information about these two types of investments.
What is Safe Investment?
- Here, the risk is low, meaning the chance of losing the principal amount is minimal.
- The returns or profits are comparatively low but certain.
- Examples include government savings certificates, fixed deposits (FDR), gold, real estate, etc.
What is a potential (high-growth) investment?
- There is a higher possibility of greater profit or return.
- At the same time, it involves higher risk.
- For example – investing in startups, the stock market, digital marketing businesses, e-commerce, etc.
However, a proper or balanced investment plan should include a combination of safe and potential (high-growth) investments.
Strategies to Identify Profitable Investment Sectors
If you don’t invest in the right sector, you are more likely to incur losses rather than gains. Therefore, it is essential to know the strategies to identify profitable investment sectors before investing.
1. Conduct Market Research
Check whether the sector you are going to invest in is currently in demand and assess its growth potential for the future.
2. Consider the return versus risk before investing.
Don't jump into an investment just because it promises high returns or profits. Make your decision by considering the level of risk and your own situation.
3. Consider technology-driven sectors.
Currently, technology-driven sectors such as e-commerce, F-commerce, content marketing, and fintech-based industries can be profitable for investment.
4. Look for opportunities that generate passive income.
Consider sectors where you can earn income with minimal time investment, such as digital products, online courses, and YouTube.
5. Start small in the beginning.
Instead of investing a large amount right away, start by investing 10,000 or 50,000 taka and see the results. Then gradually increase the investment step by step.
Which sectors are safe and promising for investment?
There are many sectors for investment, but not all of them are equally safe or promising. Before investing, it's crucial to consider factors such as your capital amount, risk tolerance, understanding of the market, and whether you can commit time. Let's try to find the answer to the question: Where should I invest?
The safest investment sectors in Bangladesh
- Savings Certificates: Lowest risk, fixed interest rate, and backed by government security. This is an ideal investment for senior citizens and investors seeking stable income while avoiding risk.
- Bank FDR or Deposit Scheme: These also offer guaranteed fixed returns with minimal risk, although the profit is limited. Bank FDRs or deposit schemes come with various maturity periods.
- Gold Investment: The price of gold increases over the long term. It is also considered a safe investment, although its market price fluctuates. However, in recent years, the price of gold has consistently risen. Despite occasional drops, many prefer to invest in gold due to its strong upward trend.
Promising Investment Sectors in Bangladesh:
- Small Business or Startup: Such as fast food, cosmetics, e-commerce, or delivery services. Investment in these sectors is very promising. For questions like where to invest 10,000 or 50,000 taka, these sectors can be good answers. There are many successful examples in the country starting small and growing into something great. So, you can start too.
- Stock Market: With the right knowledge and information, profitable investment in the stock market is possible. However, in the context of Bangladesh, it is highly risky. But along with the risk, there is also the potential for significant gains.
- Franchise Model Business of Various Brands: Starting a business by franchising popular brands can yield good returns in a short time. However, this often requires a significant amount of investment.
- Agro or Agriculture-Based Business: Such as duck and poultry farming, hybrid vegetable cultivation, organic farming, organic fruits, etc. These are currently some of the most promising businesses.
- Freelance or Skill Development Training Institute: Demand is growing in this sector as well. In the future, it could become a highly profitable area for investment.
It is important to keep in mind that before investing in any sector, it is essential to analyze potential risks, capital requirements, and market demand. As a strategy to identify profitable investment sectors, one should explore the local market, understand customer needs, and learn from the experiences of successful entrepreneurs before making a decision.
Just investing is not enough; you also have to supervise and manage it!
The job of a successful investor is not just to put in money; the most important task is continuous supervision. It is during the post-investment period that the main area of profit or loss is created.
- Many people just put in money and wait hoping for profit. But the reality is—if you don’t monitor your investment, the risk of loss increases! Regular updates and accounting are necessary. Nowadays, there are many smart apps that help you track your investments.
- For example, if you start your own small business, you can use a good accounting software like the HishabPati app to keep track of your income and expenses.
- If you invest 50,000 taka in a small business or start an online business with 10,000 taka, keeping proper accounts is crucial. Without accurate bookkeeping, you won’t be able to understand when your investment is making a profit or running at a loss.
- An accounting software will help track daily sales, expenses, profit reports, analyze reports, and assist in making smart decisions.
Know the answer to “Where should I invest?” and move forward confidently!
‘Where should invest?' To get the right answer to this question, you must first understand your goals, timeframe, and risk tolerance. While safe investments carry lower risk, promising investments can offer higher returns in the long run. However, monitoring, bookkeeping, and market analysis are also essential parts of investing. If you want to start with a small capital, begin by using a reliable accounting software.
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