In many of life’s endeavors, timing is crucial. This rule especially applies when it comes to entering the business world and starting your own company. If you jump into an industry at the right time, your business could see a huge success. On the other, enter the industry too early or too late, and your company will turn out to be a waste of money. And if this is the year you’ve decided to kick-start your entrepreneurial career, making sure there’s enough space in the industry you’ve opted for is critical. With that said, let’s take a look at eleven industries that will make a splash in 2019.
Esports has become a real thing and we keep seeing more and more people start a career in gaming, either as professional gamers or streamers. This also means 2019 is going to be the year in which companies in the gaming industry will do even better. The good news is, there are so many ways you can jump the train and enter the industry. For instance, you can open a retail video game store and sell both games and consoles. Another idea worth considering is building your own mobile games as they’re extremely popular as well. As your business grows, you can start thinking about creating PC and console games. Just bear in mind that this business idea requires you to learn how to code and build apps.
People hate all the hassle attached to purchasing plane tickets and booking hotel rooms. This is exactly why travel agencies have so much work and the entire industry just keeps growing. According to some reports, the global contribution of the travel industry is over $7.6 trillion. Starting a travel agency isn’t tough and the only thing separating you from success is competition. The number of travel agencies is increasing and if you want to succeed, you need to find something that’ll separate you from your competitors. Do some research on where people in your area prefer traveling and see if you can come up with unique packages your clients will love. Also, don’t forget that branding plays a huge role in the travel industry.
The fact that almost anyone can now start their own business made the marketing industry one of the fastest-growing industries out there. Marketing is an extremely important aspect of running a small business but most companies can’t afford to bring in-house marketing experts. So, what do they do? They turn to marketing agencies who get the job done for them and help them attract new customers. If you’re into marketing, starting a marketing agency could really end up to be a perfect idea. Depending on how much you know about business promotion, you might want to take a marketing course first. Due to the skill shortage, many companies run their own courses that help establish a new generation of marketers.
Growth in oil and coal consumption is about to stop growing by 2020. Why? Well, renewable energy is constantly gaining more popularity and it keeps becoming more efficient. Therefore, starting a renewable energy business in 2019 makes a lot of sense. And with different types of green energy available, there are also different business ideas you can consider. Homeowners are now looking to use solar energy in their homes and helping them install solar panels is something you just can't go wrong with. Helping businesses come up with ways to reduce their energy use and rely more on green energy is a good alternative. If this is the industry you decide to enter, make sure you check with local authorities what kind of permits you need in order to be able to operate.
The number of cybercrimes that take place every year is increasing and so is the need for cybersecurity businesses. Small companies simply can’t afford to hire an in-house expert who’ll keep their data safe and they often end up turning to a business that specializes in protecting other companies’ data instead. Of course, in order to enter the industry, you need to possess technical skills to stop any ongoing attacks on your clients. You can also start from your garage and only move into a real office once your cybersecurity business starts growing. The industry is on the rise and there’s no doubt it’ll do even better this year. By 2023, the global cybersecurity market is expected to be worth about $165.2 billion.
The global construction market is expected to grow $8 trillion by 2030 and depending on how much you know about construction, entering the industry can be a great idea. It’s also worth mentioning that we keep seeing more quality equipment being introduced and there’s no doubt running a construction company will become even easier in the future. Once your construction business sets off, make sure you have quality equipment for you and your employees to use. When it comes to important pieces of equipment such as scaffolding, you can choose to either buy or hire it. Besides ensuring you have the best possible equipment, surrounding yourself with employees you can trust is the key to succeeding in the construction industry.
With young professionals kick-starting their careers in the business world, they often don’t have enough time to provide constant care to their elderly parents. Instead, they ask companies that specialize in looking after elderly people for help. Stepping into the elderly care industry is a great idea, as you’ll be giving something back to the community and making money along the way. Start by thinking about what kind of services you’d like to offer. For instance, you can start an elderly care center or run errands and help elderly people in their homes. While starting an elderly care business can be fruitful, it also takes a lot of patience and understanding. If you think you’ve got what it takes, there’s no reason not to give it a go.
Time-starved millennials prefer ordering food over making their own meals. According to experts, the food delivery industry enjoyed strong growth last year and it’s expected to reach $365 billion worldwide in 2030. With that said and millennials an showing appetite for having food delivered to their doorstep, starting a food delivery business really is something you can consider. Food delivery is relatively inexpensive and your startup costs shouldn’t be too high. Still, there are some things you might want to invest in to get your business off to a great start. For instance, having professionals design you your own app for ordering food can help you make your business stand out from the crowd.
With the development of technology, the way we shop has completely changed. The need for visiting brick-and-mortar stores has been eliminated and you can now order anything online and have it delivered at your doorstep. This change is something you can embrace and start an ecommerce business. All you need to do is figure out what to sell and find suppliers you’ll be working with. Also, bear in mind that the design of your online store plays a huge role in how successful your ecommerce business will be. Even though people still enjoy shopping in real stores, the ecommerce industry is doing exceptionally well at the moment. According to ecommerce pros, there will be more than 1.92 billion digital buyers in 2019.
College tuition isn’t getting any cheaper and people are forced to look for new ways to acquire knowledge. As a result, there’s a growing number of platforms that provide their users with education resources they can use to improve their prospects. Another reason why starting an online education business in 2019 can work is because people have less free time and getting an education online helps them create a schedule they can stick to. Have in mind that creating courses your clients can take is just one part of building a good online education business. You also have to get licensed and design a functional website for your business. As reported, online education is climbing to $325 billion by 2025 and now is the perfect time to enter the industry.
There’s no such thing as a diet that suits every person on the planet. As the number of people dying from conditions such as diabetes and obesity, the demand for nutrition experts keeps increasing. In order to be able to enter the industry, you need to possess in-depth knowledge of human biology, wellness and nutrition. Of course, having all the necessary permits and licenses is obligatory. With the power of the internet you can even offer consultation service to people from all over the world. Alternatively, you can hire nutritionists from nearby cities and have them help you expand your business. Bonus points if you and your team members can provide genetic testing.
According to data available, every industry covered in this post is about to have a strong year in 2019. However, this doesn’t mean you’ll be guaranteed to succeed if you decide to start a business in one of them. It takes a lot of time and effort to make your business profitable and the only way to prosper is to enter the business world with the right mindset.