There’s no denying the social and economical impact the internet has had for anyone on it. So many opportunities have blossomed compared to just a decade ago and still go unnoticed as valid businesses compared to more traditional industries. The online world offers a connectivity that can make any business idea profitable and in demand, simply based on how many people have similar, yet unique tastes and needs. While some may still be looked down upon, others have flourished from eclectic hobbies to solid businesses with returning customers. Below are five lucrative industries booming online and with a space constantly open for new companies looking to bring something new and interesting to the table.
Many creatives are taking their products online and for good reason. Online shopping has skyrocketed the past few years seeing as it’s much easier and more enticing to take advantage of season-end deals from the comfort of your bed than it is to actually go into a store. While this has been incredibly lucrative for already established companies, it’s also helped put small startups and even individuals who make nik naks on the map for those interested in their products.
At this point in time anyone can open an online store through Etsy, sell custom items via their already running blog, or simply showcase their work and receive requests for it on Instagram. The possibilities are endless when you produce a product that is both unique and incredibly lacking in the marketplace. Learn what it is people want and what you are good at and combine the two into an e-commerce business that can help you eventually build an empire.
Everyone wants the appropriate knowledge to their interest and niche—with online education platforms it has become much simpler to learn and to teach. Sites like Udemy make it easy for instructors to upload video courses on specific topics and interested students to purchase them at affordable prices. It should not go understated how lucrative knowledge and comprehensive teaching capabilities are and if you have a skill for it then you can easily transform it into a lucrative business that operates exclusively online and from anywhere around the world. It is also that much easier to fulfil a work-from-home lifestyle knowing that your students are on the other side of a computer screen waiting for their next lesson, and being able to share information with them through a secure virtual data room, perfect for document exchange and collaboration.
The demand for health and fitness knowledge has skyrocketed lately, which makes this field perfect for a new startup business for personal trainers, nutritionists, or simply those who enjoy creating interesting and healthy recipes. With the extensive knowledge we now have online about what makes a healthy human body it is also incredibly easier to cultivate specific lifestyles that cater to them and also look for the appropriate people to help us do that. Countless blogs are devoted to healthy lifestyles, yoga practices, and nutritional facts for all types of people. There really can’t be enough unique and easy-to-follow routines for people from all walks of life looking to better their health and physical fitness.
These days, online influencers have become more prevalent and impactful than traditional celebrities such as movie or TV stars. With this much popularity comes the need for appropriate management and representation, which is where you and your services can come in. While being an agent is tedious work that takes years to master, everyone has to start somewhere and this is a great stepping stone to grow your own agency. Start small by representing a friend who’s Youtube channel is on the rise and harness your skills so that you can slowly start representing more. Even as a business with one employee you can tackle the necessary, yet simple tasks of reaching out to brands that may want to collaborate with your influencer or scheduling meetings. Not only is this kind of positon much more in demand now with the rise of the online influencer, but it doesn’t seem to be slowing down any time soon.
Who would have thought 20 years ago that online gaming can become a lucrative business for anyone who enjoyed spending hours on their favourite video game? It would have made parents laugh to think that their children could make millions streaming themselves playing from the isolation of their bedroom, but that’s exactly what is happening now. Anyone can pick up a controller and setup a camera for people all around the world to watch them masterfully dominate a video game. This type of business is the perfect example of combining your hobby with work and cannot be understated as a legitimate source of income at this point. Like any career, it takes perseverance and the drive to start small and work your way up.