Ideas for Businesses to Set Up in Successful Industries

Generate Ideas for Successful Online Businesses

Set up in industries guaranteed to be successful in the future.  That is one way of future-proofing your small online business.  But how can you do that?

I have mentioned before that passion is vital when you set out to make money online.  But passion must be tempered with judgement. In this case judgement means being really careful about choosing  what you sell and who you try to sell it to. You want to be in a market that is going to grow and succeed in the coming years so that you can grow and succeed with it.

Hot Industries for the Future

So what industries will be hot in the future? Below is a list of areas the talking heads online generally seem to agree will be successful for a long time to come.

• Health 
• Employment Services
• IT (including hardware, software, design, manufacture, repair, installation, outsourcing, games, etc
• Financial Advice
• Management, scientific and technical consulting services
• Child day care service
• Skilled technical services

How can you use this list to better position your online business? Well these are the industries, but ask yourself, who are the buyers? Who are the people out there doing the buying and what do they want?

Consider Baby Boomers

A garden snake digesting a hedgehog is a metaphor that has been used to describe baby boomers. The lump the hedghog made in the snake as it was gradually digested was compared to the lump the boomers created in the economy.  Boomers are the generation born between 1950 and 65.  Because the generation was very large, its progress has created a 'bump'   in national economies all the way through.  

It is not going to stop anytime soon. Baby boomers are expected to live longer on average than anyone before them. And as they enter into the winter phase of their lives, that should be very interesting to anyone involved in business marketing (and everyone running an on line business is involved in Business Marketing!)

Turn a Problem into an Opportunity

Boomers living longer means more of them will have more needs that you can provide the answers to.

• Health Services: Health care, flue jabs, nursing, cosmetic procedures (in the US boomers soaked up 8.9 million cosmetic surgery procedures from a total of 12.1 million), supply of drugs and aids, alternative therapies. Consider how you can offer specialist advice, sourcing, management etc of all these areas. 
• Employment Services: Employment agency for health workers in hospitals, cosmetic procedure clinics, primary health providers, and homes for the elderly. 
• Training Services: For all the people that go through that employment agency 
• IT: Provision of goods and services, advice, training, assistance etc relating to IT. 
• Financial Advice: These boomers have lived through great times, but they have also lived through some very hard times. Many of them do not have enough saved to see them through to the final years. These guys need very specialised advice, but will only take it from someone they really trust – and how many trustworthy financial adviser could you name today?
• Management, scientific and technical consulting services All the services being set up for boomers will need the services of consultants. – be the 'go to' guy in your niche and the work will come in.
• Child day care service: Many boomers are already providing this service for their grandkids. There must be an opportunity here for training them to set up a child-care business, in offering them help in caring for the kids, in offering a care-service for the days they can't manage it, in helping them deal with the massive difference in the way they brought their children up and the way they are expected to treat their grandchildren now.
• Skilled technical services: All of us need good skilled technical services from time to time, but for the elderly it is vital as they can so easily be targeted by criminals. Can you set up an agency, can you provide information; act as a whistle blowing page to warn others about heartless traders in their area.

 Compare Industry to Market and Find Your Niche

This is just a tiny number of suggestions about how you could apply one market (baby boomers) to the hot industries of the future. Try it with other generations (generation X for example) and see if you can find a connection to your passion and the beginnings of a niche you could make your own.

Get Step by Step Instructions to Find your Passion

Send for our free introductory course to Affiliate Marketing for step by step instuctions and if you want to explore more about niches and how to find yours, read this blog.