Thinking
of starting your own business? If you think you could enter into any industry, sell
any product or service and earn huge money, then you may be overconfident.
Starting a new business is not easy. Choosing a right industry may increase
your possibility of success. In today’s article, we will discuss nine
industries that are most likely to make you a millionaire.
1.
Financial Services
The
financial services sector consists primarily of banks, insurance companies and
brokerage firms. And now we have financial technology (FinTech). There’s a lot
of potential in managing, handling and investing money.
2.
Technology
Technology
helps traditional business to create value. Every existing traditional business
is a potential client for you to provide your service or solution. This is not
necessarily as complex as robotics, AI, AR/VR, or automation though. A simple
new software or automated systems will do.
3.
Real Estate and Construction
The
United Nations predicts that by 2025, the world’s population will increase to
almost eight billion people, and by 2050, it would be almost 10 billion people.
This means that the planet needs more houses and more buildings.
4.
Health Care
People
today are willing to spend more to live longer. They pay for senior homes, pharmaceutical,
supplementary products that’ll help people to stay healthier.
5.
Education
People
want to learn more skillsets in order to survive in a rapidly-changing world. The
continued rise of the internet and social media use change the way people do businesses.
Today, there are people who become millionaires by offering online courses on
different areas. Popular courses such as social media management, digital
marketing, search engine optimization (SEO), and so on are the top picks for many
people.
6.
Entertainment and Recreation
People
demand entertainment movies, animations, productions, special effects. There
are so many companies going into that industry. Amazon Prime, Netflix, Hulu,
Disney Plus, and so on. People could also become rich through certain entertainment
platforms. For instance, Influencers, YouTubers, Instagrammers are now making
money online.
7.
Transportation
Travel
is becoming a trend now. People want to go out and see new things.
Transportation, especially aerospace has huge opportunities. Also, think about the
rise of online shopping.
8.
Energy
Especially
renewable energy: solar, hydro, or wind. With more people living on the planet,
we need more power.
9.
Food and Agriculture
Again,
more people means more food needs. The industry will never go out of style
because food is a basic human need.
In
short, these are the nine industries that are likely to make you a millionaire.
Pick the right one that matches your knowledge and background and start to mint
money!
Reference:
1.
Solayman Rumon, 9 Industries Most Likely To Make You A Millionaire, https://medium.com/
2.
Clive Masarakufa, 9 Industries Most Likely To Make You A Millionaire,
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