What should a person do if they want to make money but none of their sources of income are working due to the COVID-19 pandemic? You have a few intriguing possibilities at your disposal if you want to increase your revenues in these challenging times. You may find it difficult to decide between investing in franchise possibilities or the stock market. Read to find out what is risk-free for you and ideal for you.
Purchasing stock market assets
During the Covid-19-induced lockdowns, Indian investors, whether experienced or novice, poured money into the equities market in massive quantities. As more investors choose to play around with stocks while staying inside during the lockdown, brokerages around the nation reported a tremendous increase in business. Likewise, trading volume increased. Likewise, trading volume increased. About 100% more accounts were opened compared to pre-lockdown levels.
During these times, many investors bought into the market at tempting prices. They viewed a market profit as an additional source of income during these challenging times. The ability to do something new has been offered to individuals and new investors by staying inside, and the quick price decline creates the impression that items are affordable and they will earn some money. The number of new Demat accounts established during FY2020 stayed at 4.9 million, a 22.5% increase over the 4 million Demat accounts opened in FY2019, according to a report from the Securities and Exchange Board of India.
Franchising Opportunities Investing
Franchisees and investors from all over the nation and the rest of the world have experienced a variety of issues as a result of the COVID-19 epidemic. Therefore, you can be mistaken if you believe that establishing a business now, amid the current state of economic uncertainty, is not a good option. The majority of company owners and investors view this epidemic as a chance to invest and expand their enterprises. Fantastic prospects to launch and expand your very own prosperous franchise are provided by franchising.
Franchise investments are popular among prospective business owners who want to work for themselves and earn. You don’t always have to worry about your investment in a share franchise business, unlike the stock market. As with stock market uncertainties, there is no need to worry about losing money in the franchise industry; all you need to do is be persistent and committed to growing your company. Following is a summary of some of the main benefits and drawbacks of franchising:
In conclusion, we as a country are unsure about whether the current investing trend will continue. In times of uncertainty, trading activity and volumes do increase, but they eventually decline or stabilize after such unstable periods. You never know if you will earn money in the stock market since uncertainty constantly exists. It’s always a risk that most people don’t think is worthwhile. Franchise opportunities, on the other hand, have very minimal risks of franchise shares and better prospects of financial success with a range of stability.
The financial crisis is unavoidable, but if the Indian government and fiscal authorities make all-out efforts to lessen the hit, a severe economic downturn may be avoided. The issue with the current situation is that economists and businesspeople are unable to forecast the crisis’s outcome until we know how swiftly and completely the public health concern will be addressed.