While some people start a business directly related to their passion in life, many others simply
want to do it as a source of income. If you fall into the latter category, then you may be having trouble deciding which industry you should go into! There’s certainly a wide range of niches you can choose from. Here are a few lucrative industries to consider.
Online Games Investing
First of all, online gambling. Gambling is as old as civilization itself, and the capital in it certainly isn’t about to disappear. People no longer have to set a date for going to the casino. Instead, they can play poker or bet on sports and roulette spins from any device with an internet connection. One of the things that makes this niche unique is that it’s relatively unaffected by the conditions of the economy. In fact, gambling often becomes more popular in times of economic hardship. Whether you buy stocks in an online casino or start your very own, investing your capital in online gambling could be a fantastic way to go. Learn some of the finer points of the industry, and decide if it’s right for you.
Investing in Mining Industry
Raw metals and mining is another big niche which you may want to target as a value investor. If you’ve been playing the stock market, and became sick of all the abrupt fluctuations and shifts involved, then this could be the perfect niche for you. Raw metals, especially precious ones like gold and silver, are very rarely touched by inflation and down-turns in the market. Even if you don’t want to centre your life’s work around this industry, you may want to invest in metals simply to act as a shield between you and inflation. However, there’s a massive demand for raw metals, and going into the industry full-time could be a great idea. From car manufacturers to kitchenware firms to the humble sports trophy retailer, the take is absolutely huge for investors who target raw metals and mining.
Food Leisure Investing
Finally, food analytics. If there’s one commodity which will never lose its demand, then it’s food. Leisure, technological and even health products would be completely meaningless if people aren’t able to eat! With the feverish development of tech in recent years, the food and catering industry has changed a lot. Many food tech start-ups have made their mark by making preparation and distribution of food products far more efficient. This, in turn, has made the whole industry more profitable! Food analytics refers to smart kitchen devices and products which keep track of inventory management, so staff don’t have to. When a certain item is running low, for example, an order will automatically be placed. Other devices have been developed to detect employee theft and discrepancies. Food analytics may be a small business now, but it’s expected to take off massively in the near future.
One of these three niches could be the best thing to ever happen to you. If none of them take your interest, then I hope they’ve at least given you a little inspiration!