Although
there is no sure way to pick the best business to start, and the top businesses
can change depending on where you are located, economists and trend watchers do
agree that some businesses are more likely to be in demand than others, no
matter where you are located. You will still need to do your own research, but
the businesses listed are all in areas that will likely be trending upward for
the foreseeable future.
Online Businesses
Several of the top 10 businesses to start are online
businesses. One of these is in ecommerce business -- buying and selling online,
using a site such as eBay, or your own site. A second top online business is to
make crafts or import products and then sell them on your own website or a site
such as etsy. If you are knowledgeable or expert in a particular field, a third
top business is blogging. Write a blog about a subject you know well and use
the blog to make money through affiliate marketing -- promoting other people's
products and services on your blog.
Senior Care
As people live longer, the number of elderly and retired
people will continue to grow. The growth of this field has even prompted the
University of Southern California to offer master's degree in aging-services
management. Two of the top 10 businesses provide services to seniors. The first
is home care -- providing services and care for elderly people who are living
in their own homes. This includes health-related services, as well as
non-health services, such as cleaning, shopping, cooking, chauffeuring and
teaching computer skills. Another top business is retirement real estate --
selling real estate specifically to retired people. This includes real estate
in temperate areas, as well as in retirement communities and resort areas --
anywhere retired people might like to live.
Home-based Businesses
There are hundreds, if not thousands of ideas for home-based
businesses. Two of the top 10 businesses are in this area -- catering and working
as a virtual assistant. Catering is a good choice if you are good at cooking.
You can cook in other people's homes, or make dishes to order. One top catering
business involves cooking a week's worth of dinners in advance for busy
families to freeze and reheat throughout the week. Virtual assistants are based
at home and provide remote services, such as phone answering, correspondence
and research. Niche areas include virtual dating assistants or acting as an
assistant to virtual assistants.
Cleaning Businesses
According to "Entrepreneur" magazine's Franchise
500 survey, two of the top 10 franchises are cleaning services. There are many
types of cleaning service – some specialize in homes, other offices or business
premises. Real estate agencies use cleaners to get properties ready for sale,
especially foreclosed properties. Or you can specialize in areas such as window
or carpet cleaning.
Green Businesses
Funding for green technology is increasing all the time,
which makes a business providing green technology a top business. According to
industry analyst Cleantech Group, as reported in "Entrepreneur,"
green energy companies, such as those producing solar power, bio-fuels and
batteries, accounted for 27 percent of all investment by venture capitalist firms
in the third quarter of 2010.
Pets
A huge number of households own pets, and these pets need
looking after, which makes pet care another of the top 10 businesses to start.
According to the American Pet Products Association, overall consumer spending
in the pet industry grows by around 5 percent each year, with growth in pet
health care growing at an even greater rate. Some top ideas in the pet care
industry include pet sitting, mobile grooming and services for people who want
to keep farm animals, such as chickens and bees, in the city.
by Lisa
Magloff, Demand Media
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