You are thinking about starting a business, but you don’t know what industry to start with. What are the best industries for entrepreneurs to start a business?
Q: What are the best industries to start a business?
I think the internet industry is a great business to get into. The barriers to entry are low, there are so many low cost resources available and the possibilities are endless. With less than $100 you can get your own website up and running, you can do free marketing using social networks and friends to spread word of mouth! More and more things are happening online and it’s a great place to stake your business.
Thanks to Katrina!
If you are already a nurse, the holistic health care nurse is a wide open field. There are so many non-professionals offering health advice and promoting MLM and other products, sometimes ones that are dangerous. Who better to do it than someone who actually knows about and is educated in health care. Unlike hospital based nursing, this allows a nurse to follow a patient for longer periods of time and to actually see the results of the health education that is given. With more people not being able to afford insurance or health care and increased numbers of people wanting to avoid pharmaceuticals and doctors, the time is right.
Thanks to Jonathan!
http://www.glutathionediseasecure.com/
Online education seems to be an industry promising huge benefits both for the providers and the clients/students. There’s no need to have an actual college or university building, no need to pay for utilities – the list can go on forever. It’s a great way to save money both for the owners and the students. The only problem appears to be the legitimacy of online institutions.
Thanks to John White!
Best areas to start a business is ALWAYS what you enjoy and are passionate about, and have gained knowledge on. You spend way too much time on the business for it to not be. Don’t worry about trends and the economy; worry about learning how to be the best at your business.
Thanks to Jeff Swedarsky!
http://foodtourcorp.com/
I’m reading the Millionaire Messenger by Brendon Burchard and the best industry that anyone can get into is the expert/guru industry. There are thousands of people who make money by selling how-to information: Tony Robbins, Brian Tracy, Dr. Oz, Steven Covey, Zig Ziglar along with a ton of not so known people (per Brendon’s book). We all are an expert in something whether it’s how to be happy, how to use Twitter, how to organize your home….find what you are an expert in and use eBooks, webinars, teleseminars, audio book programs, books, seminars, and coaching to share your knowledge with others. Brendon teaches this and says to give value, give value, give value, then ask for money. For example: in my business I would offer a free eBook on how to Use Linkedin to Brand your Business, then maybe offer a free webinar on how to manage social media in 30 minutes a day, then maybe a White Paper on Twitter Tips….then sell an ebook for $37
Thanks to Tasha Mayberry!
There’s always room for someone to help with basic tasks: plumbing, heating, cooling, trash collection, cleaning. Show up clean, sober, ontime and dressed right…and you can rule the market. Now that fuel prices are – finally – rising to where they should be, there is an opportunity to hitch on to the green movement. You could offer these basic services in such a way that you help folks save money, save the planet…and reduce our dependence on oh-so-dangerous oil. The buzz word is green-venient! Love these industries…service pros who save us time, energy and money!
Thanks to Ellen Rohr!
http://www.barebonesbiz.com
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Turn your hobby into a career. If you do handcrafts you are in a good position to start a business. It seems to me that now may be the best time to start planning and developing your own Arts and Crafts Business. A lot of people are searching for ways to supplement their income. Selling your own handmade products may be a great way of earning an income and working for yourself.
There are many factors to consider when planning your new Arts and Crafts Business:
Do you have the time to run your own arts and crafts business? Remember, you may need to make a hundred pieces of your specific craft to display at Arts and Craft Shows. If it takes three hours to build each craft then you need to set aside 300 hours to prepare for the show. Also, keep in mind that many of the shows are on weekends and you may have to work many weekends to sell your products.
What items are the most popular to sell at the Arts and Crafts Shows? I can't tell you what the hottest crafts are selling at the shows and it depends on your location. The best way to find out is to visit the shows, talk to the exhibitors, and keep a eye on what items are moving.
What items will give you the best return on your investment? The best way to research the return on investment is to keep accurate records of the time it takes for making each of your crafts. For example. my mother made several angels for a show and she made three sizes (small, medium, and large). It took her 30 minutes to make the small ones, an hour for the medium angels, and three hours for the large. At the show she sold 15 small at $10, five medium for $20 and zero large angels.