It?s no secret that a lot of industries nowadays sport a lot of potential especially for business-minded individuals who want to make inroads into the world of small businesses and start-ups Recently, industry market research firm IBISWorld released a document containing a list of the hottest industries for business?start-ups?for 2013 and beyond. It puts the spotlight on services or products that are primarily online, which means that virtually anybody who exhibits aptitude in the technological arena can do it without having to shell out huge amounts of money.
Here are the top five industries or niches included in the list, arranged according to their latest revenue growth figures:
Social Network Game Development
Primarily driven by the surging internet traffic and ever-growing popularity of social networks like Facebook, the social network gaming industry is currently experiencing continued growth. The demand for games, especially those which are also available for mobile platforms, has created in industry in which from its looks alone appears promising and offers great possibility for income-generation.
Online Shoe Sales
Every year, more than a hundred million Americans purchase goods online. A recent Nielsen survey indicated that clothing, shoes, and accessories are the second-largest income-generating category of items that consumers purchase online (right after books). Shoe retailers, both well-established and new entrants, are shoeing in on the fete by implementing different strategies to attract traffic to their website and by creating unique and impressive product lines.
TV and Home Theater Installation Services
Home entertainment is getting bigger and bigger because of the relatively fast life cycles of consumer electronics and hardware belonging to this sphere. As such, doors are opening up to people with TV and home installation skills and they are quickly becoming a hit among those who buy and/or upgrade new entertainment systems. If you have the right set of skills and the necessary background, then you should consider getting into this line of business. It?s lucrative and it doesn?t require much in terms of monetary capital.
Virtual Data Rooms
Driven by the economy-wide transition towards providing services online, particularly the proliferation of cloud-based business services, the Virtual Data Rooms (VDR) industry is starting to flourish in the same vein as document sharing tools, VoIP telephone systems, and the like. Due to the ease and simplicity of sharing and exchanging access-limited sensitive documents through online means, companies or vendors need not show physical documents to potential investors and advisers anymore, thus making due diligence processes even more cost effective, secure, and efficient.
Travel Agencies
After years of tumult, the travel industry is finally recovering, thanks to new generation concepts such as backpacking, flashpacking, couchsurfing, and AirBnB-ing. Gone are the brick and mortar storefronts your grandfather used to frequent whenever he wanted to take a cross-country trip; enter the online services which cater to travelers of all ages, professions, and social standing.
As these industries continue to grow, expect that there will also be burgeoning opportunities for many?start-ups?not just in the U.S. but also in other parts of the world. It?s good to note, too, that these industries are quite fragmented and that they revolve around servicing clients who frequent the online realm. With the right mindset and entrepreneurial spirit, plus a high level of technological?skill set? you might find yourself getting into one of them soon.
Author Bio
Monique Jones is an Engineer who deals with telephone systems. Besides being an Engineer, she also works as a part time writer. She helps her colleagues and other people about their communication issues, giving effective solutions to address their needs.
Source: http://www.e-junkie.info/2013/03/5-start-up-ideas-you-should-consider.html
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