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Business Insider
6 days ago
- Business
- Business Insider
Retreats, coaching, and therapy: Inside the $1 billion cottage industry cashing in on the retail-trading phenomenon
Somewhere in Bali, a group of investors — mostly men — file through the gates of a luxury villa, replete with tiki huts and couches by the poolside. This isn't just a vacation, they say. The goal, in part, is to make tons of money, Aaron Luce, the leader of the weeklong retreat for day traders, tells the camera. "This is a beautiful pool spot. We're all going to be chilling for the week when we make loads of money trading," Luce says in a YouTube video documenting the experience, which includes a montage of traders looking at candlestick charts and, intermittently, taking breaks and cannonballing into the pool. This kind of retreat is a relatively new phenomenon, offered to traders looking for an edge amid the explosion of interest in the stock market since the pandemic. In recent years, a cottage industry has taken root amid the hype for stock trading. Social media is rife with businesses offering courses, getaways, one-on-one coaching, and other services that claim to improve traders' performance and get them in the right mindset to turn a profit. And demand, evidently, is booming — in large part due to traders who are swinging to go full-time, desperate to improve, or, in some cases, are simply bored, sources in the space told Business Insider. The industry offering these kinds of services to day traders swelled to around $1.68 billion in 2024, and is on track to grow 11% each year to hit $3.92 billion in 2033, according to one estimate from Business Research Insights. A separate analysis from Dataintelo Consulting estimated that the market was valued at around $2.5 billion in 2023, and is on track to more than double to $5.8 billion by 2032. Google search interest in " Day trading courses" is up 10% over the past year, according to data from the Google Trends analytics tool Glimpse. Searches for "Trading retreat" and "Trading coach" are up 26% and 69% over the past year, respectively, while interest for "Trading therapist" has skyrocketed 263%. On Coursera, enrollment in online trading courses soared 213% in the five years leading up to 2024, according to data the online course provider shared with Business Insider. The online trading platform Webull also says it's seen the number of users on its learning platform grow 37% over the last 3 years. International Day Trading Academy, a trading school that offers courses and an eight-day trading retreat in Bali, says interest in the retreat has exploded three or fourfold in the past year, according to Kelly Lowry, the general manager. Andrew Menaker, a psychologist and a trading coach who frequently works with retail traders, says he's also noticed a big push among the retail crowd to get in the right mindset for trading. The number of people who have inquired about Menaker's coaching services has about doubled in the past year, he said, adding that the waitlist to nab an appointment with him can range from several weeks to several months. Menaker says some of his clients, who are willing to do just about anything to gain an edge, have said they spent upward of $10,000 on materials like indicators, charting packages, and online courses. Others have said they've spent money on things like cold plunges, heart biofeedback devices, brain wave devices, and even psychedelics. Menaker is skeptical of some of the businesses selling to day traders. The space has become flooded with hype and influencer marketing, he says, especially targeting new traders who are just learning the ropes. "It's really a buyer-beware environment," he said. A trader's elusive dream Making money day trading is hard. One 2020 study found that 97% of traders who persisted for more than 300 days ended up losing money, after accounting for fees. Just 1% were able to make a profit, and it was often minuscule. Still, many are willing to keep trying. Cameron Buchanan, the cofounder of International Day Trading Academy, told Business Insider he believes the heightened volatility is what's behind the boom in traders seeking these kinds of services. Big swings in the market are often ripe with opportunity to win (and lose) big, but navigating the intraday moves is not easy even for professional traders. More people are also lured by the prospect of becoming full-time traders, a once-niche ambition that now offers the possibility of financial freedom and the ability to work from anywhere with an internet connection. "People are sharing that life's stressful," Lowry said of some of the academy's clients. "People come out of retreats and say, 'I've made a decision that I'm going to do this now.'" Dr. Reid Daitzman, a Connecticut-based psychologist who frequently works with day traders, says he's seen a 50% increase in traders wanting to work with him over the past year. He believes that a good chunk of his clients are deeply involved in the stock market and seek to improve their trading, partly because they've already lost a large sum of money, but also because many are bored. "A lot of people just trade because they have too much time on their hands, literally, and they have nothing to do," he said, adding that some of his clients were recovering from substance addictions and picked up day trading in sobriety. Menaker, who consulted with traders on Wall Street prior to opening his own practice, believes the main way traders improve is by understanding themselves better. His work hinges on the idea that traders need to know their "inner market" — a nexus of hopes, dreams, fears, and memories that explain how traders respond to risk and opportunity. While he sees some value in trading education and some evidence-based tools, like HRV biofeedback, he believes most gadgets out there won't make a difference unless traders do the work to understand their own minds. "People will never really get what they need, which is, 'How do I respond when I'm under pressure and how can I change that to act more in my own best interest?' That's really what the courses should be emphasizing more, in my opinion," he said.
Business Insider
6 days ago
- Business
- Business Insider
Retreats, coaching, and therapy: Inside the $1 billion cottage industry cashing in on the retail trade phenomenon
Somewhere in Bali, a group of investors — mostly men — file through the gates of a luxury villa, replete with tiki huts and couches by the poolside. This isn't just a vacation, they say. The goal, in part, is to make tons of money, Aaron Luce, the leader of the weeklong retreat for day traders, tells the camera. "This is a beautiful pool spot. We're all going to be chilling for the week when we make loads of money trading," Luce says in a YouTube video documenting the experience, which includes a montage of traders looking at candlestick charts and, intermittently, taking breaks and cannonballing into the pool. This kind of retreat is a relatively new phenomenon, offered to traders looking for an edge amid the explosion of interest in the stock market since the pandemic. In recent years, a cottage industry has taken root amid the hype for stock trading. Social media is rife with businesses offering courses, getaways, one-on-one coaching, and other services that claim to improve traders' performance and get them in the right mindset to turn a profit. And demand, evidently, is booming — in large part due to traders who are swinging to go full-time, desperate to improve, or, in some cases, are simply bored, sources in the space told Business Insider. The industry offering these kinds of services to day traders swelled to around $1.68 billion in 2024, and is on track to grow 11% each year to hit $3.92 billion in 2033, according to one estimate from Business Research Insights. A separate analysis from Dataintelo Consulting estimated that the market was valued at around $2.5 billion in 2023, and is on track to more than double to $5.8 billion by 2032. Google search interest in " Day trading courses" is up 10% over the past year, according to data from the Google Trends analytics tool Glimpse. Searches for "Trading retreat" and "Trading coach" are up 26% and 69% over the past year, respectively, while interest for "Trading therapist" has skyrocketed 263%. On Coursera, enrollment in online trading courses soared 213% in the five years leading up to 2024, according to data the online course provider shared with Business Insider. The online trading platform Webull also says it's seen the number of users on its learning platform grow 37% over the last 3 years. International Day Trading Academy, a trading school that offers courses and an eight-day trading retreat in Bali, says interest in the retreat has exploded three or fourfold in the past year, according to Kelly Lowry, the general manager. Andrew Menaker, a psychologist and a trading coach who frequently works with retail traders, says he's also noticed a big push among the retail crowd to get in the right mindset for trading. The number of people who have inquired about Menaker's coaching services has about doubled in the past year, he said, adding that the waitlist to nab an appointment with him can range from several weeks to several months. Menaker says some of his clients, who are willing to do just about anything to gain an edge, have said they spent upward of $10,000 on materials like indicators, charting packages, and online courses. Others have said they've spent money on things like cold plunges, heart biofeedback devices, brain wave devices, and even psychedelics. Menaker is skeptical of some of the businesses selling to day traders. The space has become flooded with hype and influencer marketing, he says, especially targeting new traders who are just learning the ropes. "It's really a buyer-beware environment," he said. A trader's elusive dream Making money day trading is hard. One 2020 study found that 97% of traders who persisted for more than 300 days ended up losing money, after accounting for fees. Just 1% were able to make a profit, and it was often minuscule. Still, many are willing to keep trying. Cameron Buchanan, the cofounder of International Day Trading Academy, told Business Insider he believes the heightened volatility is what's behind the boom in traders seeking these kinds of services. Big swings in the market are often ripe with opportunity to win (and lose) big, but navigating the intraday moves is not easy even for professional traders. More people are also lured by the prospect of becoming full-time traders, a once-niche ambition that now offers the possibility of financial freedom and the ability to work from anywhere with an internet connection. "People are sharing that life's stressful," Lowry said of some of the academy's clients. "People come out of retreats and say, 'I've made a decision that I'm going to do this now.'" Dr. Reid Daitzman, a Connecticut-based psychologist who frequently works with day traders, says he's seen a 50% increase in traders wanting to work with him over the past year. He believes that a good chunk of his clients are deeply involved in the stock market and seek to improve their trading, partly because they've already lost a large sum of money, but also because many are bored. "A lot of people just trade because they have too much time on their hands, literally, and they have nothing to do," he said, adding that some of his clients were recovering from substance addictions and picked up day trading in sobriety. Menaker, who consulted with traders on Wall Street prior to opening his own practice, believes the main way traders improve is by understanding themselves better. His work hinges on the idea that traders need to know their "inner market" — a nexus of hopes, dreams, fears, and memories that explain how traders respond to risk and opportunity. While he sees some value in trading education and some evidence-based tools, like HRV biofeedback, he believes most gadgets out there won't make a difference unless traders do the work to understand their own minds. "People will never really get what they need, which is, 'How do I respond when I'm under pressure and how can I change that to act more in my own best interest?' That's really what the courses should be emphasizing more, in my opinion," he said.
TimesLIVE
29-07-2025
- Business
- TimesLIVE
Bature Brewery taps into Nigeria's R125bn beer market
To the sound of Afrobeats in an open-air pub at its headquarters in Lagos, Nigeria's Bature Brewery is working to wean more customers off the big brands and onto its locally inspired craft beers. Globally the craft beer market is forecast to triple to more than $250bn (R4.49-trillion) by 2033, research from Business Research Insights finds, as craft producers win over customers from the brands of the major international companies AB Inbev, Guinness and Heineken. "We know there is more demand," Bature co-founder Kevin Conroy said. "Our goal is to get to 500 locations selling our products by the next 18 months. We are aiming to be doing 100,000 litres per month by next year." The 500 locations compare with 70 now. Bature Brewery, which began operations in Abuja in 2017 and is the biggest of Nigeria's craft brewers, produces 22,000 litres monthly, including locally inspired flavours such as Harmattan Haze, Lagos Lager and Mango Disco. Its efforts to persuade more people to drink its beer, which costs up to six times more than mass-market bottled beer, include investing in draft dispensers in hotels, bars and restaurants. To help ensure supply, Bature has installed diesel power and a water treatment plant to tackle sometimes erratic power and water supplies, and it has also installed new fermentation vessels and other equipment at its Lagos plant. Other challenges in Nigeria include the devaluation of the naira that has raised the cost of imported raw materials.
Forbes
17-07-2025
- Business
- Forbes
5 ChatGPT Prompts To Rapidly Scale A High-Paying Side Hustle
Unlock growth with ChatGPT prompts and scale your high-paying side hustle faster. Want to level up your side project into a high-paying side hustle? The right ChatGPT prompts can help you get there faster. Recent research from MarketWatch finds that 51% of Americans have worked a side hustle in the past year. That figure climbs to 72% for Gen Z. With the gig economy projected to surpass $600 billion globally this year, according to Business Research Insights, now is the perfect time to put AI to work. Here are five ChatGPT prompts designed to help you scale rapidly and unlock new income streams. 1. Create High-Converting Lead Magnets Your email list is one of your most valuable assets but growing it can feel daunting. Powerful lead magnets, or free resources that solve real problems, attract your best customers and build trust before the sale. Let's say you offer career coaching for mid-level professionals. ChatGPT might suggest a "Fast-Track Resume Makeover' checklist or a 'Seven-Day Career Pivot' email course. With distribution tips for each idea, you can launch a new lead magnet in days instead of weeks and start building a pipeline of interested prospects. Once you have chosen your top lead magnet idea, use ChatGPT to draft the actual resource, email sequence or landing page copy. This saves hours of work and ensures everything is tailored to your audience. 2. Acquire Customers Without Paid Ads Rising ad costs can quickly eat into your profits, especially for new or bootstrapped side hustles. Organic growth strategies allow you to scale sustainably and build long-term assets that keep delivering value. If you run an online store selling fitness accessories, ChatGPT can map out a customer acquisition plan that includes partnering with local gyms, collaborating with micro-influencers, running social media challenges and tapping into niche Facebook groups. You will get a tailored list of activities that require more creativity than cash. Ask ChatGPT to suggest daily, weekly and monthly routines for customer acquisition. Consistency compounds over time, even if you can only dedicate a few minutes each day. 3. Automate Your Content Calendar Consistent content is the engine behind brand awareness and sales, but coming up with fresh ideas can be a daily struggle. A well-structured content calendar keeps you organized, strategic and visible in your niche. For a six-figure solopreneur running an Etsy shop, ChatGPT can produce an entire month of Instagram post ideas such as product spotlights, behind-the-scenes stories, customer testimonials and educational tips. Each post comes with suggested hashtags and ways to boost engagement, making it easy to batch content and stay consistent. Feed ChatGPT your best-performing content or top FAQs to generate even more targeted post ideas that resonate with your audience. 4. Build Your 90-Day Scaling Blueprint Most side hustlers start strong but quickly lose momentum, distracted by day jobs or overwhelmed by too many options. A 90-day blueprint helps you stay laser-focused on the actions that move the needle so you hit your income goals faster. Imagine you are building a digital marketing consultancy on the side. Run this prompt in ChatGPT and you will receive a tailored roadmap with weekly client outreach targets, marketing campaign ideas, fulfillment checklists and key performance indicators to keep your growth on track. Update and rerun this prompt as your side hustle evolves. Adjust your income targets or available hours to get a fresh plan for your next phase of growth. 5. Design Your Scaling Strategy True scale comes from building systems, not just working harder. Whether you want to automate repetitive tasks, expand your team or streamline operations, the right strategy sets you up for sustainable growth. Picture an online educator whose course sales are growing. ChatGPT might outline ways to automate email marketing, delegate content updates and set up regular reporting dashboards. You will see what to automate, when to outsource and how to protect your business as it grows. As you implement new systems, use ChatGPT to draft standard operating procedures and onboarding materials. This way you can bring on help quickly without losing quality. Next Steps To Scale Your High-Paying Side Hustle Scaling a high-paying side hustle doesn't have to mean longer hours or endless trial and error. By leveraging these ChatGPT prompts, you can work smarter, build systems, attract quality leads and unlock new growth opportunities. The right AI strategy can free you from busywork and help you focus on what matters most, delivering value and enjoying the freedom that comes with a scalable side hustle. Start with these five prompts, adapt them to your business and watch your results compound over time.
Associated Press
02-07-2025
- Business
- Associated Press
Best Employer of Record companies for 2025 revealed by Employ Borderless
07/02/2025, Singapore, Singapore // PRODIGY: Feature Story // The 2025 rankings highlight category specialists who perform well in distinct markets and business report arrives as the global EOR market value is projected to grow from USD 5.23 billion in 2024 to USD 9.17 billion by 2033, according to Business Research Insights. Companies are increasingly selecting EOR providers based on specific regional expertise and business model alignment rather than generic solutions. Employ Borderless announces its annual assessment of the top Employer of Record services, identifying seven industry leaders after evaluating 25+ global employment platforms. The 2025 rankings highlight category specialists who perform well in distinct markets and business requirements. This report arrives as the global EOR market value is projected to grow from USD 5.23 billion in 2024 to USD 9.17 billion by 2033, according to Business Research Insights. Companies are increasingly selecting EOR providers based on specific regional expertise and business model alignment rather than generic solutions. 'The EOR market has changed significantly with providers now specializing in distinct niches rather than offering one-size-fits-all solutions,' said Robbin Schuchmann, Co-founder of Employ Borderless. 'This year's analysis reveals clear category leaders who perform well in specific regions, company sizes, and operational requirements.' Following months of platform analysis, pricing comparisons, and user experience testing, Employ Borderless identifies the category-leading Employer of Record services for 2025. Paul Jansen, Co-founder of Employ Borderless, noted the industry's movement toward specialization. 'The most successful EOR providers in 2025 have stopped trying to be everything to everyone. Instead, they've focused on specific strengths, whether that's regional compliance expertise, particular company sizes, or unique service offerings.' Research highlights from the 2025 evaluation include the following findings. Rippling secured the EU operations category by establishing its European headquarters in Dublin and developing a platform that integrates HR, IT, and finance functions. Companies report improved operational efficiency when using a single system rather than managing separate platforms. Remote earned recognition in IP protection through SOC 2 certification and its Remote IP Guard technology. Organizations handling sensitive information prefer Remote's direct entity ownership model over third-party partnerships. Multiplier captured the Asia-Pacific category with focused expertise in Singapore, Australia, and Japan markets. The platform's same-day onboarding capability has attracted companies requiring rapid international expansion. Remofirst claimed the startup category by simplifying international hiring processes. Small businesses favor the platform's five-day setup timeline and absence of hidden fees during onboarding. Deel achieved worldwide coverage leadership through local entities in 120 countries. Companies frequently cite the contractor-to-employee conversion feature as a key differentiator for workforce flexibility. JustWorks captured the US operations category with its integrated approach combining EOR and domestic PEO services. Small businesses favor the platform's ability to manage both international and domestic employees from a single system, with many citing the streamlined onboarding process as a key advantage. Oyster won the transparency category through clear pricing structures and user interface design. Companies value the predictable fee model and recent addition of global payroll capabilities for existing international operations. 'These providers represent the new reality of EOR services,' concluded Robbin Schuchmann. 'Success now depends on deep specialization rather than broad mediocrity. Companies that match their specific needs with the right category leader will see significantly better outcomes than those selecting based on name recognition alone.' The shift toward specialized EOR providers reflects broader changes in how companies approach international expansion. Rather than one-size-fits-all solutions, businesses increasingly value providers who understand their particular challenges, whether regulatory, operational, or financial. For complete analysis methodology and detailed provider comparisons, including specific use cases for each category winner, visit the Employ Borderless website. About Employ Borderless Employ Borderless conducts independent research on global employment solutions, providing fact-based evaluations to help businesses make informed decisions about international workforce expansion. The organization maintains editorial independence and accepts no compensation from reviewed providers. Contact information Media inquiries and research questions. Robbin Schuchmann at [email protected]. This content was first published by KISS PR Brand Story. Read here >> Best Employer of Record companies for 2025 revealed by Employ Borderless
