One of the biggest challenges that entrepreneurs face is picking the right industry to start a new business in. You may have an interest in a particular area, but in order to succeed, there will need to be a demand which means that it is the smarter move to identify industries which are currently growing in popularity. Fortunately, there are a handful of exciting industries which are undergoing a surge in success right now which means that launching a startup in 2019 in one of these industries could be a savvy business move. Here are a few of the best industries to consider:
Unsurprisingly, the e-commerce industry continues to grow as people prefer to do their shopping online, they get much greater choice and delivery times are speeding up. It can also be an excellent industry to enter as you can keep the operation relatively small and you do not have to spend a fortune to succeed. To succeed, you will need to have high-quality and in-demand products, create a professional standard and highly visible website and provide a seamless shopping experience.
2. Health & Fitness
The fitness industry has been growing steadily for a number of years with no signs of slowing down any time soon. There are a few reasons for this, but it is thought that the following are the main reasons.
- Health insurance costs
- Demand for healthy foods
- Advancements in technology (Fitbit, Apple Watch, )
- Streaming exercise classes
- Affordable gyms
There are all kinds of different products that you could sell by opening a business in this market. This includes athleisure clothing, sports equipment, gym accessories, supplements, downloadable content and much more.
3. Alternative Medicines
Thanks to globalization, growth in the health and fitness industry and the legalization of marijuana in a number of states, there has also been an increase in demand for alternative medicines in the last few years. There are many products to consider selling, but many people are seeking pure CBD oil for sale which can be helpful for pain management, stress management and much more, plus it is legal in every state as it does not contain THC. This is one of many alternative medicines that are proving popular right now.
4. Vacation Rental
Those that own multiple real estate properties and/or live in touristy areas could consider a vacation rental business where you rent out properties to holidaymakers on a short-term basis as an alternative to a hotel. This allows people to feel at home and settled during their stay, so it is easy to see why so many people are looking for short-term rentals while on holiday. The role may involve looking after guests, but for many people, this can be a fun, interesting and highly rewarding line of work.
Picking the right industry to enter can be a daunting task, but you cannot go wrong with any of the above. These are all industries which are currently enjoying growth which looks set to continue into 2019 beyond. You will, of course, need to do much more than enter the right industry, but with hard work and patience, there is no reason why you can’t succeed in any of these industries.