Starting up a home business can be challenging, but rewarding at the same time. If you’re tired of working for someone else and want to break into a new industry for yourself, consider these growing industries as places to start.
Online Trading
The stock market is the backbone of the economy, and it’s safe to say it’s not going anywhere anytime soon. For those interested in taking an active role in earning money on the side while working from home, online trading may be an option. Advances in technology have made stock trading more accessible to the average joe than ever, giving them a leg up in trading. Services like StockTwits makes it easy to connect to experienced traders who have similar goals so you can learn from their positions as you attempt to grow your portfolio.
Tradesman Industries
For people who prefer to work with their hands, taking up a trade like an electrician, plumber, carpenter, mason, or welder can help you start your own home business. Tradesmen earn high salaries and are always in demand, making it a reliable opportunity for growth. Because most jobs are completed on the customer’s job, trade skills are perfect for anyone looking to start a home-based business. Additionally, the start-up capital required for this type of business is minimal compared to some of the others on the list. You will need training, but training programs for trade skills are typically measured in weeks instead of years.
Virtual Reality Development
Virtual reality has made huge strides in the last couple of years, with several new pieces of hardware competing to become the dominant piece of VR tech going forward. This new industry is ripe for software designers, game designers, app developers, and anyone with a programming background to get into a new industry. While you may associate VR with gamers, there are plenty of applications for this new technology outside of gaming. Real estate virtual tours and VR training are two industries that are rapidly growing with the expansion of this new technology. VR can be used to help surgeons train to perform complicated surgeries without risk to patients, while VR real estate tours give prospective home buyers access to every inch of the home even if they’re not in the same location.
Senior Care Services
As advances in medical technology help us to live longer lives, countries across the world are getting older. In many modern countries like Japan, Germany, and the US, the birthrate has fallen to the point that more senior care is the needed than childcare services. The aging baby boomer population means 1/4 of the population is older and needs live-in care. Affluent seniors who are able to live their sunset years in their home need in-home special care to help them do daily tasks that might otherwise be impossible to grant them the freedom of living alone. It’s not just medical professionals who benefit from this growing industry, either. Landscaping, cleaning, cooking, pet care, and all types of services are needed for aging seniors who can afford to keep their independence in their twilight years.
Article Submitted By Community Writer
