Looking to expand or start your entrepreneurial venture this year? Our friends over at Findmyworkspace.com share profitable business ideas.
People with the entrepreneurial mindset usually include growing or starting their own business as part of each year’s goals. So we took a look around: what are the best industries to join this 2017?
Every year, there is a list of different industries that are expected to make it big for that time period. If you have the necessary skills, interest and capital, it would be best to build your venture around these sectors to take advantage of their big potential for growth.
Here is a list of industries that you might want to take a closer look at for your new business venture:
E-commerce
E-commerce involves commercial transactions conducted electronically through virtual space. Buying and selling, transmitting of funds and information, may be completed purely online.
With the increasingly busy lifestyles of people, the improved accessibility of internet even in remote areas, cheaper costs of technology and gadgets, more secured and convenient payment options, increased confidence in online platforms- the e-commerce way of doing business is here to stay.
To join the e-commerce bandwagon, you can start your own online store. You can build your own website from the ground up or make use of available platforms that are easy to use even for non-technical users.
If you are technically-savvy, you can also offer e-commerce solutions, such as website building and designing for clients. You can offer an all-in package that includes domain name registration, hosting, business email, sales funnel and shopping cart creation; and other needed softwares.
Health and Nutrition
Millennials especially, are known to be more concerned about their health and nutrition more than people from any other generation.
The clamor to meet this shift to healthy lifestyle is seen with the advent of technology that supports health and fitness: such as fitness trackers (Fitbit, Jawbone, BodyMediaFIT, etc.); smart scales, multi-measure wellness tracking tools (TheCarrot.com, HealthyCloud, PinkPad, etc.); online health, wellness and health provider directories and apps.
Integrating health and fitness with technology, apps and software is expected to continue to rise this year and the years to come.
If you don’t have the know-how when it comes to technology and apps, you can still enter this industry by being a fitness trainer and coach, a nutrition consultant, or a customized diet and meal planner.
Do you have the passion in making the world a healthier place? Now is the time to turn that passion into a concrete product or service.
Green Products
Apart from being health-conscious, Millennials are also more environmentally-aware and socially-conscious. With the threat in the depletion of our natural resources, people are stepping up to do their part in saving the planet.
They are willing to spend more for green products and those from sustainable sources. This is actually good news for startups and small business owners, as current consumers are very supportive of local suppliers, natural products and smaller, more socially-responsible merchants. People are more wary of commercial products from bigger corporations who do not support the green movement.
If you have the heart for the planet earth and natural living, this is a great business option for you. You can even partner with local farmers and help them distribute their products.
Social Media, Email and Website Management
Now, all businesses need social media accounts- Facebook, Instagram, Twitter, etc. And not having your own website makes you old-fashioned and may affect your company’s credibility. Email is an obvious necessity as that is the main medium of communication nowadays. It is through these channels that you get to interact and engage with your target audience and customers.
The problem, however, is having the dedicated manpower to manage these accounts for you. People do not want to wait for more than one day to get a reply to their inquiries. Updated and regular content on your social media accounts and website makes you more visible and engaging to your audience.
More companies are outsourcing their social media, email and website management to outside parties. An organization that provides this kind of dedicated management, as well as content creation- whether in written form, graphics or videos- can reach greater heights nowadays.
If you build a team composed of social media, website and email managers; content writers, graphic artists, video experts and editors, you can offer this kind of service to different business ventures all over the world.
Home Management
With everyone’s busy lifestyle, there is sometimes limited time to clean your own home and to do personal errands.
People are turning more to service companies providing house cleaning, online grocery purchase and delivery, laundry pickup and courier services to meet their household needs. Services of this nature highly depend on your location, so conduct a comprehensive study and decide what need you can meet in your local area.
There are still a lot more great business ideas to choose from this 2017. Open your eyes, look around and have the passion to meet the needs of the people around you. Be creative and get ready to work hard… And you might be well on your way to achieving your entrepreneurial dreams this year!