In this article, we present a list of the top 5 business opportunities for 2019 that have been selected from different industries. However, before presenting the list, it is important to mention a few things.
First, these businesses should be capable of being profitable at present and for several years in the future. They should be capable of performing well, even when the economy becomes uncertain. They should not require a Ph.D or several years of experience. Small businesses usually require trade school training, a university degree or previous apprenticeship, while some require just previous experience and a desire to work in the industry. Finally, these businesses should not have extensive capital requirements; rather, they should only focus on hard work, dedication, determination and a desire to be successful.
These small businesses can mostly be home-based. Some of the best ideas for small businesses on the basis of the existing business and demographic trends are listed below.
1) Fulfillment by Amazon (FBA) Sales: Through the FBA program, sellers are able to market their products through Amazon, which is the biggest online retail platform across the globe. This is a very good business opportunity because Amazon takes the responsibility of operating an online retail business. Amazon deals with storage, packing, shipping, returns and customer service in return for fulfillment and monthly storage fees.
2) Software Engineering and Development: Software is developed, tested and maintained by software engineers and developers on different platforms, ranging from mainframes to smart phones. It is likely that there will be an increase in the demand for software developers every year, which is why it becomes an excellent business opportunity for those have acquired these skills. The nature of the software development industry is such that it is perfect for contract employment. Because of cloud computing and ease of remote access, software development provides an ideal opportunity for home-based business.
3) Virtual Reality: A significant role is played by virtual reality computing (VR) in involving the user in a realistic sensory experience. Extensive efforts are being made by hardware and software vendors to provide new VR products to the market. The rate of increase of the industry is parabolic, and it is estimated that the size of the international VR market will be over $40 billion by 2020. There are almost endless possibilities of using virtual reality for business or entertainment purposes.
4) Facilities Support Services: This includes various facilities for businesses, such as cleaning, security, moving, painting, building maintenance, etc. It is estimated that the industry will increase by 30% till the year 2026. This business opportunity is ideal for those who are skilled in construction or maintenance and who have good organizational capabilities.
Whatever the business opportunity you decide to take up, it is important that you acquire the necessary education, skills and training. In addition, a solid business plan should also be developed so that you can determine the feasibility of your business idea.