The fastest growing online segments in 2019-2020
March 4, 2020 (Investorideas.com Newswire) Entrepreneurs eagerly search for an answer to the question: How can I create an online business? Many people dream of implementing an idea capable of generating stable profits. Below is a list of the fastest growing business segments to invest in 2019-2020. Included are also some interesting business ideas to explore.
SEO Agency
Phrases such as "SEO", "promotion" and "search engines" are everywhere online. If you have experience in this area, it is possible to start an online SEO agency. The advantage of this business is that there are low initial costs. SEO businesses are generally quite profitable: the SEO promotion budget of a single website starts at around $2000 a month.
Gambling Business
Have you heard of start-ups such as Game Twist Poland? Establish a gambling business online is one option for entrepreneurs. Nowadays, there are plenty of them operating on the world markets. Almost all of them are profitable if run legally, with licenses from reputable regulatory bodies. Gambling online is one of the fastest growing online segments in 2019 and is predicted to be even more popular in 2020.
Mobile Apps Development
This market skyrockets every single day. There are a huge and growing number of applications available on the AppStore or on Google Play. The eCommerce growth this sector offers will only rise in demand, bringing developers a decent profit for designing apps. With the necessary skills, it is worth trying to establish an online business focused on mobile app development and maintenance.
Webinars and Online Learning
Ecommerce growth statistics show that in recent years, the popularity of online training, webinars and other educational events have grown exponentially. Personal growth and development is a particularly popular topic. Use your knowledge and skills in this area to develop an online personal growth and development business and make a decent profit.
Technical Support and Remote Consulting
This is a great opportunity for computer-savvy people. Many people find it difficult to perform even the easiest operations on their computers or smartphones. Entrepreneurs could fill this gap by offering technical support and repair services and if well promoted, could certainly be in demand. This type of business works well not only with computer users but can be adapted, for instance, for people who need help on the road. Lawyers, psychologists and other specialists who provide online services use this same model of earning revenue through eCommerce sales by offering quality remote consultations.
Blogging
Blogging is probably the most rapidly developing business segment in recent history. Today, even some universities are introducing classes dedicated to proper blogging. The most popular and well-promoted platforms for blogging today are:
Starting a personal business online with Instagram is easier - you only need a smartphone and some innovative ideas for photos. Your earnings will consist of advertising revenue garnered from sponsorship with various companies. In the case of YouTube, videos are monetized per watch - the larger your audience, the more money you make. However, to ensure a steady income, bloggers need both a loyal audience and creative video ideas.
Online Tutoring
Tutoring is often associated with the exam preparation, however music, drawing, acting and vocal lessons are also forms of tutoring. It is possible to organize tutorings such as dancing courses or English language lessons using various online platforms. To begin, determine which skills are in demand and which area you might be an expert in. This industry is very popular nowadays and more companies invest in it every year.
Conclusion
There are plenty of fast-growing industries available for investment opportunities in 2019-2020. The e-commerce sector will continue to develop and grow every single year and provides great opportunities for entrepreneurship. However, it is vital to analyze each sector thoroughly before making a final decision on investments and building a new online business in the next year.
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