Business Ideas With The Highest Future Growth Trends That You Should Start Now
I found this article online and it sounds very interesting :
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IBISWorld, the world’s largest independent publisher of U.S. industry research with a team of expert analysts covering over 700 different market segments has released a list of the highest future growth trends. Here are 10 Business Ideas with the highest future growth trends that you should know about, check them out:
1. Relaxation Drinks – This tops the list and on the surface, seems to compete with energy drinks. Then again, the drink market will likely revolutionize itself once again and focus on chillin’ out instead of getting hyped up. Better yet, the two complement each other perfectly. Get energized in the morning, and relax in the evening. It also has a low barrier to entry and low start up costs. Annual revenues are expected to grow by almost 25% annually for the next 5 years! Imagine being a small player, then being acquired by Coca Cola for millions.
2. Online Gaming Development – Making games on social networks and mobile applications are also predicted to grow by almost 25% annually for the next 5 years. I guess those Angry Birds can relax a bit.
3. Internet Publishing & Broadcasting – At a distant third, Internet publishing is steadily growing thanks to smartphones and tablets. Growth is there, but expected to be 9.9% but barriers to entry and capital requirements are still on the high side.
4. Corporate Wellness Services – Expected to have annual revenue growth of 9.8%. More out of shape people than ever, no wonder there is so much demand.
5. Online Survey Software – 9.6% annual growth rate. Information is the commodity of the Internet, finding a unique way to capture valuable information to be used for marketing will be extremely profitable.
6. eCommerce & Online Auctions – It feels weird to say it, but eBay seems outdated. That’s how fast technology is moving. New and innovative methods of eCommerce and auctions are growing exponentially. Just take a look at QiBids and their growth.
7. Wineries – People love their wine! Wine consumption has increased steadily. I wonder if this has anything to do with the “relaxation drink” trend. Their annual revenue growth is expected to be 4.9%.
8. Human Resources Benefits & Administration – 4.2% annual growth. More people are retiring, therefore more demand for HR benefits and admin workers.
9. Scientific and Economic Consulting – 3.8% annual growth. This is so broad it can mean any number of things.
10. Street Vendors – 3.8% annual growth. I see a trend of people being extremely busy, they just want to do everything as quickly and conveniently as possible, and then relax! Grabbing dinner on the go fits right in there.
On a side note, I found that during the energy drink craze, so many companies entered the drink market, its almost as if everyone had an energy drink. What many people overlooked is that there were other mediums to tap into the energy craze. Energy chewing gum also became very popular and much less populated in the market.
Maybe this time around the same pattern will follow. Ever consider making relaxation gum?
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IBISWorld, the world’s largest independent publisher of U.S. industry research with a team of expert analysts covering over 700 different market segments has released a list of the highest future growth trends. Here are 10 Business Ideas with the highest future growth trends that you should know about, check them out:
1. Relaxation Drinks – This tops the list and on the surface, seems to compete with energy drinks. Then again, the drink market will likely revolutionize itself once again and focus on chillin’ out instead of getting hyped up. Better yet, the two complement each other perfectly. Get energized in the morning, and relax in the evening. It also has a low barrier to entry and low start up costs. Annual revenues are expected to grow by almost 25% annually for the next 5 years! Imagine being a small player, then being acquired by Coca Cola for millions.
2. Online Gaming Development – Making games on social networks and mobile applications are also predicted to grow by almost 25% annually for the next 5 years. I guess those Angry Birds can relax a bit.
3. Internet Publishing & Broadcasting – At a distant third, Internet publishing is steadily growing thanks to smartphones and tablets. Growth is there, but expected to be 9.9% but barriers to entry and capital requirements are still on the high side.
4. Corporate Wellness Services – Expected to have annual revenue growth of 9.8%. More out of shape people than ever, no wonder there is so much demand.
5. Online Survey Software – 9.6% annual growth rate. Information is the commodity of the Internet, finding a unique way to capture valuable information to be used for marketing will be extremely profitable.
6. eCommerce & Online Auctions – It feels weird to say it, but eBay seems outdated. That’s how fast technology is moving. New and innovative methods of eCommerce and auctions are growing exponentially. Just take a look at QiBids and their growth.
7. Wineries – People love their wine! Wine consumption has increased steadily. I wonder if this has anything to do with the “relaxation drink” trend. Their annual revenue growth is expected to be 4.9%.
8. Human Resources Benefits & Administration – 4.2% annual growth. More people are retiring, therefore more demand for HR benefits and admin workers.
9. Scientific and Economic Consulting – 3.8% annual growth. This is so broad it can mean any number of things.
10. Street Vendors – 3.8% annual growth. I see a trend of people being extremely busy, they just want to do everything as quickly and conveniently as possible, and then relax! Grabbing dinner on the go fits right in there.
On a side note, I found that during the energy drink craze, so many companies entered the drink market, its almost as if everyone had an energy drink. What many people overlooked is that there were other mediums to tap into the energy craze. Energy chewing gum also became very popular and much less populated in the market.
Maybe this time around the same pattern will follow. Ever consider making relaxation gum?
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