8 industries to start your business 💸

Frequently, people have a bunch of business ideas. However, they are afraid of ending up broke. So, how to increase your chances to succeed? Choose a trendy area to develop in. Such an industry is bound to grow considerably hence bring in a decent income. Here are 8 industries we advise you to try yourself.

The e-commerce market is bound to actively grow. Companies keep shifting to e-trading. In the crisis year, the shift from physical stores to digital purchases accelerated by 5 years.

The technology is going to be intensively implemented in many business industries. There will be more startups operating on the basis of blockchain. For example, a car sharing service, freelance exchange, digital resumes, booking, and ads on blockchain.

Alternative payment ways
One more tendency which remains in 2021 is the dominance of alternative pay options. Contactless payment in retail trading had been increased by 69%. They include contactless credit and debit cards, and mobile payments.

Digital services
They are likely to remain in demand as well. The pandemic has led to the increase in demand for certain types of the digital business. They are related to new technologies, digital health, and virtual fitness. For instance, cybersecurity, home fitness, food delivery, games, home improvements, and telemedicine will be sought-after fields.

Green business
This is a kind of business that demonstrates the commitment to the ecologically sustainable future. It can be achieved by means of business strategies like waste recycling, purchasing farm products, and increasing energy efficiency. You may learn more information within our trend on the eco industry.

The market of podcasts is rapidly growing. It’s expected to exceed $1 billion. The number of people listening to podcasts has been raised by 20 million. Thanks to its popularity, many talented people can monetize their hobby.

Online courses
Once you have achieved success doing some activity, you can teach others how to do it. The industry of online courses is actively developing in 2021 because many people are in search of new education ways within the pandemic. Creating an online course is a brilliant choice that may result in durable passive income.

VR or AR
According to experts’ forecasts, the VR industry is going to reach $44,7 billion by 2024. You can create whatever you like on the basis of the VR technology as the possibilities for business development are unlimited. AR is a great alternative as well. With the help of this technology, you can make up products of any type allowing users to change their physical environment. For example, it’s implemented when developing games or rethinking a room design. Check out our trend on Virtual and Augmented reality to learn more.

Which industry do you find the most promising one? Share in comments💬

21/10/21 at Monthly Pitch, many ideas of the mentioned industries are going to be presented. The best one will win $1,500. Don’t miss it!