If you're thinking about starting a business, you may want to jump into an industry that's growing fast or one that offers products that are highly sought after. This is where you will find the best opportunities. So, which industries should you be looking into? Here are some ideas.
1. Green Companies
Tax incentives and a strong rebound in the housing market have created huge demand for eco-friendly building. This industry focuses on energy efficiency and the use of sustainable materials. Green companies all around are much in demand, and there are many ways for you to find a niche in the market. The eco-friendly lifestyle is catching on in all industries with lots of opportunity for growth in food, cosmetics, cleaning supplies, construction and much more.
If you want to go this route, make sure you get your service or products differentiated by getting certification from an independent third party, which allows you to add an ecolabel to your product and marketing. It's also essential that you get liability protection before you start selling products, so it's important to form an LLC or incorporate early on in the business formation.
2. Mobile Healthcare
With all of the technology changes in the last few years, health care businesses, especially mobile services, are in big demand and bringing in a lot of revenue. Good examples of this are web-based vital-signs kits and health records applications. It's believed this industry will pass $10 billion in just four years.
This type of industry also requires protecting yourself through a limited liability company or corporation, but you have many ways to find your niche here as well. Get creative and consider what patients and doctors are desperately in need of.
3. Online Baby Products
Parents and soon-to-be parents want to buy everything for their little one online, from diapers and bottles to clothing and toys. There's plenty of room for growth here, and you can compete against giants like Toys R Us and Amazon.com if you have a unique product or style. Make sure you protect yourself by forming an LLC and look into ecommerce solutions and creative products that will get people talking.
4. Translation Services
Business is global, and the need to communicate clearly and effectively is a top priority for companies of all sizes. There are more than 50,000 businesses in this industry now, but most are just individual operators. There's plenty of room in the market to support medium- and large-sized companies that help businesses communicate across countries and oceans. You may even break into this lucrative market by developing an automatic translation service.
5. Business Applications
The technologically minded can make big money by developing mobile apps. While games are a great way to make money, there's even more money to be made in business apps. Businesses today want new ways to get important information to employees, stay in touch with clients, collaborate with colleagues on-the-go and much more. The biggest demand today is coming from financial service companies, the federal government and retailers.
1. Green Companies
Tax incentives and a strong rebound in the housing market have created huge demand for eco-friendly building. This industry focuses on energy efficiency and the use of sustainable materials. Green companies all around are much in demand, and there are many ways for you to find a niche in the market. The eco-friendly lifestyle is catching on in all industries with lots of opportunity for growth in food, cosmetics, cleaning supplies, construction and much more.
If you want to go this route, make sure you get your service or products differentiated by getting certification from an independent third party, which allows you to add an ecolabel to your product and marketing. It's also essential that you get liability protection before you start selling products, so it's important to form an LLC or incorporate early on in the business formation.
2. Mobile Healthcare
With all of the technology changes in the last few years, health care businesses, especially mobile services, are in big demand and bringing in a lot of revenue. Good examples of this are web-based vital-signs kits and health records applications. It's believed this industry will pass $10 billion in just four years.
This type of industry also requires protecting yourself through a limited liability company or corporation, but you have many ways to find your niche here as well. Get creative and consider what patients and doctors are desperately in need of.
3. Online Baby Products
Parents and soon-to-be parents want to buy everything for their little one online, from diapers and bottles to clothing and toys. There's plenty of room for growth here, and you can compete against giants like Toys R Us and Amazon.com if you have a unique product or style. Make sure you protect yourself by forming an LLC and look into ecommerce solutions and creative products that will get people talking.
4. Translation Services
Business is global, and the need to communicate clearly and effectively is a top priority for companies of all sizes. There are more than 50,000 businesses in this industry now, but most are just individual operators. There's plenty of room in the market to support medium- and large-sized companies that help businesses communicate across countries and oceans. You may even break into this lucrative market by developing an automatic translation service.
5. Business Applications
The technologically minded can make big money by developing mobile apps. While games are a great way to make money, there's even more money to be made in business apps. Businesses today want new ways to get important information to employees, stay in touch with clients, collaborate with colleagues on-the-go and much more. The biggest demand today is coming from financial service companies, the federal government and retailers.