Friday, 30 March 2018
8 Lesser Known Business Ideas To Best Kickstart Your Entrepreneurial Journey
Bitten by the entrepreneurial bug but don't know where to start? Well, here is some help for you.These are not just old service based, copy pasted startup ideas, but something less heard of and growing well as suggested by industry experts. 1. Disaster Relief © Thinkstock There is a startup known as CrisisGo from Clayton, Missouri that gives teachers a panic button for their phones, seeing a rise in cases of mass shootings at schools. The increasing number of man-made emergencies and natural disaster has increased the demand for such and after services. According to IBISWorld, the disaster relief industry is expected to jump to $11.2 billion in 2022 from $10.1 billion in 2017. The industry is primarily made up of companies and organizations that are in the business of selling or supplying everything from shelter to medical relief after a natural or man-made disaster occur. This could range from a tornado to an act of terrorism. 2. Canned Wine © Nomadica Have you ever seen canned wine in India before? Then why not come up with one? The inside product remains the same but what is attracting millennials abroad is the new packaging of the product. According to Nielsen, the total U.S. sales for canned wine jumped to $32.3 million last year--a $29 million increase from 2014. You can say canned wine is still a niche within the wine industry, but it's a rapidly growing now. It would be something like that you can have on the go. A company named Nomadica, based in Los Angeles, sells canned wines from all over the world. It is sold online and in restaurants, hotels, boutique liquor, bars, and in grocery stores as well. 3. Women's Reproductive Health Care © Thinkstock Startups across the world are helping women take control of their reproductive health with fertility-tracking apps and many other services. It is no new subject but the service is. There is a first of its kind startup, Celmatix, based out of New York, that helps women understand why they can't get pregnant or what could be the reason behind their infertility. According to Harris Williams study, the U.S. fertility market's value at between $3 billion and $4 billion as estimated. 4. Elderly Care © Thinkstock According to a figure, IBIS says the industry generated more than $50.7 billion in revenue in 2017 which is now expected to increase by about 42 percent by 2022. There is this Southern California startup Ceresti Health which is trying to improve the lives of 5.5 million dementia patients with the help of technology. Ceresti Health aims to boost caregivers' confidence and skills through digital education, monitoring tools, and human support 5. eSports © Thinkstock Amine Issa, the founder of Mobalytics says, “I feel like I've learned most of the stuff in my life through playing video games competitively." This guy studied fighter pilots and navy seals to help gamers perform better. The startup basically uses artificial intelligence(AI) software to help competitive video game players improve their skills The good news is that according to SuperData Research the industry is expected to reach $1.7 billion in 2020, up from $1.1 billion in 2018. Amazon's $970 million acquisition of Twitch is all the good signs to begin your career in this field. The possibility that the NCAA will support collegiate gaming is driving enormous growth in eSports as well. 6. Alternative Protein Food Products © Thinkstock Are you a fitness freak? If yes, then you would grasp this one easily. This startup named Ripple Foods makes dairy-free alternatives to milk, half-and-half, and yogurt out of pea protein. The founders' idea behind this was to create something that tasted good and had as much protein as traditional milk. This milk is made up of pea protein which is the most abundant and accessible plant protein that isn't soy and it has eight grams of protein per one-cup serving, compared with the same amount in regular milk. Plant-based foods rich in protein have been gaining popularity thanks to trends like the Paleo and ketogenic diets. According to Research and Markets, this market accounted for $4.2 billion in 2016 and is now expected to grow 6.8 percent between 2017 and 2022. Pretty good time to start? 7. Beauty Tech © Function of Beauty Beauty and technology? Sounds a little unheard no? Then hear this. The 'Function of Beauty' is a shampoo company based out of New York City, is using algorithms to give you perfect hair. They say why buy any old product when you get one that's made just for you? And no two bottles are alike. Now you can use technology like machine learning to make better shampoos, makeup accessories, and perfume. According to IBIS, the overall beauty market is expected to jump to $27.8 billion in 2022 from $22.1 billion last year. 8. Influencer Agents © Thinkstock Well, most of you know about Influencer marketing and how rapidly it is growing with increasing number of users on social media platforms like Facebook and Instagram and other social media platforms. But, do you also know who does Apple and Microsoft turn to when they want to advertise on social media platforms? They turn to Mathew Micheli and Joseph Gaglies the Co-founders of Viral Nation for the same. Viral Nation is an influencer marketing and influencer talent agency and it is not alone, there are dozens of companies riding the wave of activity in the growing social-media marketing industry. According to IBIS, revenue for the industry is expected to increase to $10.8 billion in 2022, a 2.2 percent jump from 2017.
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