fbpx
Connect with us
Apply Now

Entrepreneurship

Industries to Pick from When you Decide to Start a Business

Industries to Pick from When you Decide to Start a Business

There have never been more entrepreneurs than there are now, with people all over the world deciding to start businesses in fields they are passionate about. As of 2021, the US has counted a staggering 31.7 million small businesses, which is far from insignificant. Thousands of small companies are being launched every month. Some entrepreneurs already have an idea of where to put their resources, but others are still testing the waters. For those who are not sure, let’s evaluate which are currently the most successful industries and how you can tap into them.

e-Commerce

Whatever your product idea might be, one thing is for certain: people will not stop consuming and shopping. Since the rise of online shopping, retail sales have skyrocketed and there is no better time to tap into this industry than now. People’s favorite online activity is shopping, so if you have any kind of hobby that involves creating a product, you should start thinking about how to sell it.
In this field, there is no universal formula that works for everyone. However, there has been a monumental push in recent years to focus on sustainability and upcycle where possible. A prime example of an e-Commerce platform that has taken advantage of this ethos is Depop, which is a virtual second-hand shop or vintage shop that resells people’s items. With an effective marketing campaign that consists of TV advertisements and word-of-mouth, Depop has really resonated with users who now have an easy means of finding new clothes/merchandise whilst saving the planet.
Following in their example would be beneficial for any burgeoning business as they’re going from strength to strength as a platform.

Entertainment

From video streaming and VR to iGaming and eSports, the entertainment, or more specifically the gaming industry, is flourishing at the moment. However, a particular facet of the entertainment industry that has seen considerable growth in recent years is the online gambling sector. Developers are hard at work, constantly producing fresh content in the form of themed slot games, live iterations of classic table games (such as poker, baccarat, and bingo, etc.) and players flock to online sites to get their entertainment fix. In a world where internet access is more widespread than ever before and smartphones are capable of supporting online gaming, the online casino industry has boomed.
An effective way of establishing a new online casino venture is to take a look at the competition currently available on the market. For example, a brief look at the most popular online casinos, rated by the big casino comparison site casinotopsonline.com, demonstrates that they carefully consider customer reviews, offer enticing promotions and bonuses for new customers, and provide easy accessibility and website navigation, to promote inclusion.

EdTech

EdTech, short for educational technology, is yet another online industry that keeps on growing. Edtech involves a mix of educational practices and IT tools that aim to make learning more accessible and more interactive. Your business idea could include any subject you might have an interest in, delivered in whatever format you find suitable. It could be a YouTube channel with immersive visuals, an easy-to-access mobile app, or a more advanced platform.
Lately, a lot of EdTech start-ups have been praised in the press, receiving huge investments from already established companies. Mathpresso, a South Korean EdTech start-up, has come to Google’s attention, which became one of its investors. Mathpresso is a learning platform that offers tailor-made learning content and math solutions to users of all levels.
All three examples are an excellent choice for entrepreneurs, but of course, there are others. What matters the most is that you choose something that is receiving a great deal of attention, investment, and demand from consumers. Running a business is difficult, which is why you should choose an industry that can give you a head start.

 

Related Topics:
Continue Reading


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.