Here are the Booming Industries to Launch a Business In

With the world and global economy changing at a drastic pace due to on-going digitisation and other factors, it’s a better time than ever to look to expanding, evolving, or entering a new business altogether – after all, the likes of Uber, AirBnB, and even Disney were birthed out of recessions. But, when it comes to launching a new venture, which industries are showing promise?

According to data compiled by ad-tech company Taboola, the following areas of the economy have seen a huge surge in interest, and could be the right area to consider launching a business in:

Home Improvement

Given the fact that people have been spending a whole lot more time at home in 2020, the entire home and garden category has seen a 140% increase in page views in the last few months, specifically gardening and plumbing, which has seen a 245% increase. Whether people are just looking to some home DIY or minor renovations to their homes, there’s clearly a growing interest in the field; so perhaps a tool or home-improvement business could garner some serious attention.

Pet Products

With remote work and working from home becoming more and more prominant, people are spending more time with their pets than ever. As a result, there has been a 50% increase in searches related to pet products.

There has been a huge surge in pet-related businesses too, with online stores dedicated to the basics of food, toys and grooming, to mainstream TV channels for dogs like dogtv.com. Virtual dog training and meal-delivery services have also become popular in recent months due to lockdowns across the world.

Fitness & health

It may come as no surprise, but the fitness and health industry has seen a huge boom as a result of the COVID-19 pandemic and lockdown restrictions. The term “weight loss”, healthy cooking tips, and fitness app searches have skyrocketed, showing that people are taking a look at their own health during this period. This means that there is a hungry appetite for health-related content and resources, which opens many business opportunities for those who can combine their love for wellbeing with a solid business plan.

Whether your ultimate goal is working for yourself full-time or a passion project you’d love to start on the side, now is a better time than ever to explore your peripheral ventures. Having a budding side-hustle or secondary business is a great way to flex your creative muscles, generate additional income, try your hand at being a business-owner, and potentially enter the world of self-employment; but, how how much does it cost to get going?

Why not sign-up and get cracking on your business now? Check out Digitise here.