Best business to do this 2019 that will boast your…
10 Cool business to Engage in
I bet you that you are on the right place to find out best business ideas.
Don’t forget, you’re either building your own dream or you’re building someone else’s. #Fact
I havebhandpicked the darlings based on a few things:
1) Projected industry growth
2) Barriers to entry
3) Potential earnings
4) Time wealth (the ability for the idea to be automated/passive)
You could say I’m “digitally-biased”, but I give love to the ideas that can be scaled/automated infinitely.
Knowing that time is our most precious currency, building a digital business gives you a crack at building a “system” that generates wealth for you 24/7.
You’ll see many of those ideas show up in the top spots of this list.
The short story? There’s never been a better time to start a small business.
So down to business. This guide comes in two parts:
Part 1: Ranking the best small business to do this 2019
Part 2: Covers 2 actionable take-aways for small businesses
So, without further ado, here are the top small business to do this 2019:
With Tesla being the posterboy of all-things electric, the industry is in good hands.
E-bike sales, for example, are expected to hit close to 50 million units by 2018.
A smart business could sell e-bikes and kits to “electrify” traditional bicycles.
(You replace the front or back wheel hub with one containing a small electric motor and add a battery and cabling.) Boom.
2. Translation and language services
All that cross-lingual communication has generated an insane opportunity for translators.
The hiring of interpreters and translators is projected to grow by 46% over the next 15 years. To put that in perspective, it’s much faster growth than the average for all occupations combined (5).
If you have a gift for languages, or if you can build a business that brings together foreign-language speakers with clients in need, you can pull some profit. EspressoEnglish (6) and FluentIn3Months (7) are leveraging the online language education market expertly.
WARNING: Google or some other tech giant will probably abolish this industry in 15 years. Language recognition technology will exponentially get better.
(I read that in Alec Ross’ The Industries of the Future)
Still, you got 15 years. Go hard.
3. Virtual reality
VR technology has finally arrived. Folks are expected to buy over 12 million VR headsets in 2016 (8).
But how do you build a business around VR? Take a cue from these guys:
1) LiveKnot (9) targets the wedding market. Offering to shoot the entire service in VR, they already have a few hundred requests from $2K to $10K a pop. Not bad.
2) Immersive VR Education (10) is a company that’s using VR to reimagine the training and education industry.
So where to start?
Either 1) sell headsets (SEO/FB ads required) or 2) Service a particular niche in VR, like the 2 companies above.
4. Healthy vending machines
Google “healthy vending machines” and you get a bunch of ads.
That’s a good sign.
The biggest reason? Corporations want their employees to eat healthier.
The industry is a whopping $42 billion, and for about $30K to $225K, you can become the operator of a healthy vending machine franchise (11).
The industry has strong social and political backing and is primed only to grow. Plus, the income is almost entirely passive.
5. Software school
Final Cut, QuickBooks, Photoshop, whatever. If you can shred any specialized software, you can build a business around teaching people how to use it.
Teach private lessons by the hour, and grow into small group sessions and charge by the complete tutorial. You can always hire on other specialists and diversify.
Don’t limit yourself geographically, either. Think ebooks, online courses, consulting, etc.
6. Green/off-grid living
Building materials made to reduce pollution and waste are gaining traction (12).
Green living, off-grid living, shipping containers, tiny homes, etc..
Off-grid living has really bounced the last few years:
Rising consumer interest in energy-efficient products is fueling explosive growth in this sector.
Sustainable building materials currently amount to a $36.1 billion industry—one that’s expected to grow by 10.6% annually until 2020 (13).
Consider BioMason (14), an innovative start-up that figured out how to make construction bricks without using heat or The Daily Prep (15) who provides courses on alternative energy/off-grid living.
7. Kid-friendly apps
Tens of millions of kids are using smartphones and tablets these days, and there’s money to be made.
In fact, three-quarters of children have access to a mobile device.
That’s big business if you know how to develop apps—or if you’re creative and know how to hire people who do. Focus on health and wellness-driven apps first to get the parents on your side. Big opportunity.
8. Drone rentals
Recreational drones are all the rage (16) and the applications of drones—scientific research, surveillance, delivery—are on the rise.
Now that the Federal Aviation Administration finalized regulations set to integrate drones into national airspace, the industry will take off (17).
Drone rentals are one space to consider a new business. Companies like Blue Skies (18) are making a killing renting drones under the same model as the old Netflix—rent it online, mail it back. Shipping’s free.
Drone flight instruction and certification are also strong contenders. Just don’t call them drones around pilots. They’ll punch you. They’re UASs (unmanned aircraft systems).
9. Dating consultant
Perhaps no activity has been more disrupted by technology in recent years than dating.
Dating has changed, but the advice segment of the dating market remains mostly the same, stuck in the days of newspaper columns and flaccid Cosmo lists.
Suggestions: build an info-product or start a matchmaking service if you’re in a big market.
1) Have the Relationship You Want (19) is a business that specifically targets women and sells “programs” that promise to teach the secrets of “making him fall deeply in love forever”
2) Mark Manson (20) teaches guys how to connect better with women
10. Smartphone repair
Super high-demand, but ripe for disruption.
Like 24-hour turnaround repair? Same-day shipping?
It’s getting crowded, but at minimum, you could offer services in your local city or state.
Smartphone repair businesses like iDropped (21) are going national, but there’s room for more players. If you have a knack for smartphones and like the idea of running a business that fixes things, this is a solid route.