5 booming industries for entrepreneurs

Things are changing in the business world. E-commerce sales are slowing overall as consumers return to in-store shopping and the global economy moves closer to recession. Simultaneously, however, incredible new technologies and natural therapies are emerging that dovetail perfectly with consumers’ increased interest in personal and pet health. Check out the top five industries to get involved in this year as an entrepreneur looking for the most awesome opportunities.

1. CBD

In 2022, the global CBD market is expected to be worth just under $8 billionand some projections suggest it will reach over $47 billion by 2028. While it’s easy to believe that the “green rush” is already over, it’s more accurate to say that the hemp industry s It’s just stabilized in anticipation of further growth.

It’s no longer so easy to start a CBD business from scratch and sell generic tinctures online. As long as you treat CBD like a legitimate business and take a smart approach, entrepreneurs now entering the hemp industry still have a lot of money to make.

2. Other cannabinoids

CBD isn’t the only hemp-derived cannabinoid that’s now popular online. Products containing CBG, CBN and even CBC are also available, providing largely unexplored differentiation opportunities in the hemp market. The best CBD brands offer products that also include CBG or other “minor” cannabinoids.

3. Health and wellness services

From yoga teachers for entire corporate offices to personal trainers for busy professionals, people who help others get healthier still find plenty of opportunities to volunteer their services. The pandemic has only doubled consumers on a growing sense that personal health is the key to happiness and success, and there is a lot of global investment in the personal and group training and coaching industry. .

However, people will pay much more than just learning how to train. There are now successful “personal trainers” who help their clients with everything from relationship issues to business building practices to a sense of style. If you find the right niche and offer an in-demand service, there is no limit to how much you can fairly charge for the right coaching services.

4. Artificial Intelligence

The dot-com bubble has taught investors to be cautious of tech-related industries, and the mixed performance of the social media boom has only further entrenched this somewhat justifiable skepticism. Artificial intelligence, on the other hand, has already changed our lives in immeasurable ways that go far beyond any previous technological advancements.

Endless opportunities await you in the field of artificial intelligence. While the rise of assistants like Siri and Alexa has popularized the potential of AI, that’s just the tip of the iceberg of what today’s visionaries have in mind for the future. machine learning technology. If you are able to develop a software service that captures or enhances the benefits of AI in some way, you can find someone who will pay you for it.

5. Pet Services

While China’s recent pet cloning boom may seem bizarre to Western tastes, it’s a fact that we’re willing to pay dearly to keep our pets happy and healthy. Today, people care about their pets more than ever – it’s no longer rare, for example, for owners to prepare elaborate meals for their pets as they would for their family members.

Whether it’s grooming, accessories, or even cloning, starting a pet-related business could be a lucrative option this year and beyond. If you’re targeting a niche of wealthy pet owners, you could end up developing a very profitable business model that’s ready to expand or sell within a few years.

Old and new opportunities

To some extent, it is true that there is nothing new under the Sun, but people change their behavior from time to time. Technologies can also appear suddenly and radically reshape the global economic landscape, forcing us to rethink the way we do business and manage our financial relationships.

As we gradually approach the middle of the 21st century, consumers will become even more concerned about their health and their sources of comfort and convenience. Cannabinoids and other natural therapies will continue to grow in popularity, and people will continue to show an increased interest even in the health and well-being of their pets.

At the same time, artificial intelligence and machine learning technologies will further revolutionize the way we live our daily lives. Where there is change, there is opportunity, and we expect unprecedented change in the years and decades to come.



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