The year 2018 is moving towards its last days. If you’re tired of a five to nine existence, you may already have made the decision to start a new business. The new year may just be the right time roll your sleeves and get started. However, you may be asking yourself what the best investment ideas in the year 2019 are likely to be.
Here is a list of what to look for in the coming year. You will notice that most of the ideas for future businesses are linked to digital technology.
1. Online retail
Do you know that over half of the global population will be connected to the internet by the end of 2018? This is almost 4 billion people searching for products and services on the internet. The reality that online retail is not impeded by borders means that a business in this area can be lucrative.
If your idea is not to be involved in online retail, you can consult and assist people in starting businesses to create a business website for their retail adventures. For as long as more customers move to the digital space, this area is going to continue producing results for those who put their investment in it.
2. Online education
When online education started to grow at a dramatic rate a few years ago, many predicted that it would slow down. If the numbers are anything to go by, this has not happened. What has occurred is an exponential growth. Predictions are that the value of this sector could be around $325 billion by the year 2025.
When you look at the predictions above, it becomes clear that investing in this area is likely to bring huge returns in 2019 and beyond. Everyone can have a piece of this pie from offering software to companies involved in online education to designing or editing courses.
3. Preparing and delivering meals
There is a growing consciousness about the amount of food that gets wasted. These individuals are looking for ways of preserving the environment by only buying the food they will actually eat. Hence they are turning to meal kit services.
If this doesn’t seem to be a feasible business, then you haven’t heard that the aggregate sales in this industry are expected to top US$10 billion by 2022.
4. Social media management
As more companies start to realize that social media is the future of brand management, they’re including it in their business strategies. However, many don’t have the skills and knowledge of how to gain followers. They will outsource this service to those who have the knowledge and experience.
As most companies realize the importance of social media in their marketing efforts in 2019 and going beyond, this area will remain lucrative. To invest in this area, you’ll need to have an idea of how you can help your clients boost traffic to their digital channels. This will help direct the customer to their products and boost sales.
5. Homestay hosting
The idea of hosting paying guests in your home to earn money or creating a hostel is becoming popular. Some are taking this as far as getting certified so that they can run it as proper businesses. Growth in this area is driven by tourists who want to live just like the locals of the areas they visit.
You could also take advantage of international students looking for accommodation while they study in foreign countries. This gives you a chance to earn money while the student gets to live in a family environment while they are away from home.