Startup Tips

Fastest Growing Industries for Starting a Business

By Christy Bella | December 13, 2019

If you want to start a business in today’s saturated marketplace, you need to choose a thriving industry. This way, you have a better chance of achieving success. Remember that have a unique business idea does not automatically mean you’ll achieve success.

Aside from finding the boldness to act on your business idea, you should make sure you’re smart about the whole thing. It is better to work smart in the right industry rather than working hard in a saturated one.

A fast-growing industry guarantees that you’ll find a market for your product, while in a saturated one, it will take you years before you can stand out in the crowd. Of course, you should play the long game, but you need the head start that comes with joining a fast-growing sector.

If you decide to write business papers for students, make sure you have excellent writing skills. The online writing industry is as competitive as it is fast-growing. If you polish your skills, clients will be willing to pay a little more for your services.

As a beginner entrepreneur, you’ll need to do your homework to find out which industry suits your set of skills. Don’t just join an industry because it’s fast-growing when you don’t have the skills to leverage.

Here is a guide on the industries you should consider as an entrepreneur in 2019.

1. Micro mobility

This industry is not only new, but it’s also fast-growing, which means it does not have as many players yet. Launching your startup in the Micomobility sector is joining a revolution in urban transportation.

Since it’s in the transport industry, it means your business is future-proof. People will always need to move around, and your businesses will be right there to provide the transportation services they need.

Micro mobility is about using electric-powered scooters, bikes, and stake boards to move around. This is a green living form of transportation that does not make a contribution to environmental pollution.

2. Digital Therapeutics

It seems like everything has been digitalized these days. Digital therapeutics is a concept born from video games. Video game consoles are no longer just intended for entertainment. The digital interface created by these consoles can now be used for medical purposes.

Of course, anyone who wants to use digital therapeutics has to get a medical prescription from a trained and certified physician. If you’re into IT, programming, or modern medicine, this is an excellent industry to join.

3. CBD Products

CBD has been a wave for decades now, and as years went by, patients found more reasons to keep using these products. In 2020, this is going to be a legitimate stand-alone industry because the list of benefits that come with these products is endless.

Thanks to these natural remedies, patients have an easier time coping with symptoms of terminal illnesses. To thrive in this sector, you’ll need sustainable background knowledge on these products and medicine in general because patients will depend on you for accurate prescriptions.

4. Personalized Nutrition

I bet you’ve noticed the growing interest in personalized nutrition because no one really wants to grow old. If you’re already a nutritionist, you should consider specializing in this niche. As a personal nutritionist, you get to cater to your clients on a personal level and earn much more than you could have ever imagined.