If you believe the miraculous wealth and fame that graced Mark Zuckerberg was a fluke, think again. They say luck is the moment when opportunity and preparation meet, and perhaps that is exactly what happened to Zuckerberg. His billionaire status as a 20-something cannot be discredited as accidental.
Regardless of economic climate, starting a business is a gamble. You will face many elements that are out of your control, and success is never guaranteed. However, by carefully considering current trends, interests and growth sectors, you may be able to get a head start on the competition.
While some believe the online market has been saturated, that could not be farther from the truth. Many companies are finding their niche, and marketing new products, services and ideas online through the low overhead costs and increased involvement from consumers. Included here are a few sectors that are ideal for entrepreneurs.
The days of Farmer’s Almanacs are far behind us, as Americans turn agricultural work into a precision field involving technology and programming. Growth in this industry is astronomical and new information from farmers is multiplying by the day to create complex algorithms. If you have a knack for programming and software design, getting started in agriculture may set you on the path to success.
You may believe Americans are simply lazy, but the truth is that many are finding ways of doing more with less work. Yes, convenience is key, but perhaps all of that extra time you save could be utilized, provided you’re not spending it supporting Zuckerberg’s empire.
The average American spends two and a half hours grocery shopping each week. All of that time spent in store aisles can wear you out before you even begin cooking at home. With studies showing that home-cooked meals are healthier and more affordable, Americans are trying to trade time at the store for time at the stove.
Food e-commerce is a growing sector that’s pretty new to the market. Companies, like Blue Apron, deliver fresh ingredients and recipes to you each week, without you ever needing to leave the convenience of home. This is a more expensive option than shopping yourself, but Americans have latched onto the concept. With more people than ever going online to find dinner, this may be just the sector where you should start a business.
Fantasy Sports Services
You may be surprised to know that you can turn your love of fantasy football into a money-making venture. Having a job you enjoy is the new American dream. With the growing online market for fantasy football leagues, it is a great time to get in on the action. Giants like Yahoo and ESPN may have large platforms, but they only occupy about one-third of the market.
To be successful in the online gaming industry, you must be able to bring tools, platforms, and specialized software that “ups the ante” in the league. Innovative ways of managing your platform and getting people involved will increase your numbers and make you highly successful.
Technology in the Public-Sector
Not surprisingly, the need for entrepreneurs in the market of technology and programming are constantly on the rise. With the internet breaking onto the scene just a little over thirty years ago, the market is being continuously honed and is not nearly as saturated as some people believe.
The public sector is in constant need of improved methods of running their agencies and finances. Finding ways to trim their bloated budgets can turn your startup into a successful corporation. Getting a government contract can be difficult initially, so be sure you have innovative ideas that are properly marketed.