Best niches for startups
Want to disrupt an industry? Want to have your own startup business? Well, you need the right idea first and that means finding the right niche. This article will look at some of the most profitable niches that you should consider.
Bottled Water
They say that bottled water companies are in the business of making bottles, not water. And it’s largely true. The most expensive part is the cost of the bottles. The other great feature about a bottled water business is that you can be selling a commodity that people already need every day. You just need to add the extra value and convince people they’re saving money by buying from you rather than going back to the tap.
Organic Skincare
Some consumers spend a lot on beauty products and are always looking for an option that is more natural. Organics have been going from strength to strength in recent years, with big brands such as L’Oreal starting their own lines of organic skincare products. If you can come up with some original product ideas and show the world they’re good for your skin, you could make a killing with this one.
Self-Improvement
Everyone has a part of their life they’d like to change, from their weight and fitness level, to how they dress or work. Start a business that helps with those areas, or even just focuses on one aspect of self-improvement. There’s always going to be somebody who needs help in this area.
Healthcare
Healthcare is an exciting industry, especially since it’s going through such a big time of change. Today there are more than a few entrepreneurs looking to shake up healthcare either by changing the way it’s delivered or through technology. You can get the equipment you need from medical-supermarket.com.
SaaS
SaaS stands for Software as a Service. It’s one of the most popular business models around at the moment, and it doesn’t carry many risks. Essentially, you’re selling services that run on products owned by other companies. That means you don’t actually have to buy a lot of physical assets or invest in systems.
Personal Finance
Personal finance is a very niche industry, but it’s also one that people are always talking about. There will never be a shortage of personal finance advice to make sure you’re making the most out of your money. The market for this area has been growing in recent years as more people have realized how important it is to take control of their money.
App Development
As long as there are devices with apps, there will be people at home looking to develop new ones or make changes to old ones. If you have the skills and a great idea, this could payoff big time in the long run.
Wellness
Wellness is not a one-size-fits-all kind of business, but it is definitely a growing market. People today want to be healthy and some are willing to spend big money on products that will help them achieve that goal.
Online Dating
Online dating is a very lucrative industry. There is still plenty of room to make money in the market, and it’s growing fast with more and more people using the internet to find someone special.
