- Get rich quick, that's the plan, right?
If only it were so easy.
Of course, it's a lot easier to find success
in a rapidly growing industry
than in a stagnant or dying one.
- So, while we can't promise you
that these idea's will make you rich quick,
they certainly provide great opportunity.
If you put in the work,
you could ride one of these ideas to the top.
- While these business ideas aren't ones you might expect
to be packing such growth potential,
based on our own sign analytics and market research,
they're good ones to watch.
(soft piano music)
- Thanks to emerging concepts, new technology,
changing laws, even changes in culture,
fresh ideas prime to become highly successful
are evolving every day.
- These rapidly developing industries
are perfect to capitalize on
and capture some of the growth potential.
- We've got about 20 of our favorite
hyped up businesses loaded up for you.
Brace for impact, because here they come.
- Remember, if you find any ideas you love,
we've got guides and even more information
for them on our site.
- All right, let's get to it.
- Number one: 3D printing.
This is a process that's actually been developing
since the '80s, but in the past several years,
it's become an affordable, accessible,
and highly accurate method of product creation
with a machine small enough to keep on your desk.
And global spending is forecasted
to the tune of $40 billion a year.
Entrepreneurs can use 3D printing as a service,
or to make custom jewelry, toys, prosthetics,
architectural mock ups, food, and so much more.
- Second on our list, cat cafes.
Cat cafes have only been in North America since 2014,
making this a relatively brand new concept
that many cities still don't have.
Partner your cat cafe with shelters for a charitable twist.
And in the meantime, expand your offerings
with a number of events such as yoga, comedy nights,
music, specialty drinks, snacks, and even merch.
- Or how 'bout a dog cafe, huh?
I'm totally outing myself as a dog person,
which is really risky to do on the internet,
but there's only two dog cafes in the US.
Someone give me a place to pet dogs!
- Number three on our list: CBD oil.
This is a multi-use product, derived from industrial hemp,
that has recently been cleared by the FDA.
This is actually the number one research business
on our site, with a current market value of one billion.
But projections at 20 to 100 billion in the next few years.
This product can find use in unlimited applications.
From wellness, to leisure, to beauty products,
to consumables like coffee, and even beer.
- Coming in at number four, bee products.
Everyone has been buzzing about bees.
Get it? Get it?
Emphasizing the importance
of the world's favorite pollinators.
I'm so sorry for that bee joke.
I take it back.
The bee-centric market is even projected
to reach $10 billion in a few years.
Capitalize on the allure of fresh inventory
from local bees, or put new twists on bee products.
From food to beauty, medicine, packaging,
therapy, and intersections of practically any industry.
- Number five: Escape rooms.
This real life puzzle experience
has swept the world off its feet, emerging in 2007,
but seeing a huge boom in the past five years.
Even big franchises are starting to get in
on these themed rooms.
As a brick and mortar destination,
this highly popular business
will only be saturated as your local market.
Get creative with your concepts and puzzles.
And with targeted marketing,
your escape room can easily bring in six figures.
Actually, we're in an escape room right now.
And our final puzzle piece
is locked at the end of this script.
So let's keep going.
I'd really like to see my family and friends.
- Onto number six, a brewery.
Craft beers have grown to take over 24%
of the $100 billion beer market,
and high customer demand has caused a number of breweries
to double in the past five years.
Focus on building a strong local brand even as you expand.
Your unique voice will give you authenticity.
Establishing a tap room will help you locally,
and having a website and social media
will allow you to grow.
- You can consider other alcohols as well,
such as a hard seltzer.
- Yeah, that's having quite the moment right now.
- Number seven on our list: Specialty coffee.
This ubiquitous drink is a $100 billion heavyweight,
and the ready-to-drink sector products,
like pre-made cold brew, is projected to have 60% growth
in the next few years.
New companies are emerging with unique coffee products
with fresh twists, and are taking off like never before.
Push your marketing hard,
and note special features that will set you apart.
This can include interesting flavors, gourmet beans,
and sustainable, ethical origins.
- All right, at number eight, subscription boxes.
Sending a monthly or quarterly shipment of goods
is an incredibly successful product strategy,
allowing businesses to upsell customers,
lock in repeat purchases,
and use affiliate business partners to increase revenue.
It's explosively growth-prone,
with successful companies reportedly doubling
their size every few months due to high demand.
- Ninth on our list: Paleo snacks.
What? Paleo snacks?
Yes, the Paleo diet, based around eating
only what cavemen ate, as well as many other diets
and healthy eating habits, are underrepresented
and unsaturated in the prepared food market.
While sustaining huge search query numbers,
accessible, wholesome products that cater
to specific dietary needs will fly off shelves.
- Speaking of lifestyle of ancient man,
from stylish hipsters to just men
wanting to add a little more character to their faces,
beards have become increasingly popular in style
across the US, which has increased the need
for a product in our next business idea.
- Number 10: Beard oil.
This targets an underserved market
that's constantly growing. (chuckles)
Get it? Growing?
Thanks to the popularity of facial hair,
and a craze around self-care, oils of this variety
are meant to soften, grow, and nourish facial hair.
Make your brand stand out with cool branding
and packaging, unique ingredients, maybe CBD,
and even natural fragrances.
- Ooh! - Mid-break time!
- Drink some water.
- Talk about our favorite ideas.
- Encourage people to go to the description
to see guides for the ideas so far.
- And also just come to a stop.
- All right, let's jump back in.
I think we're at number 11: A nutritionist.
Nutritionists use their knowledge of food and the body
to help people live better, longer.
This service has an expected growth of 15%
over the next few years, as more busy people
seek personalized, professional guidance.
Stand above the rest with certifications to give authority,
and create ebooks and digital programs
to support your customer base from afar.
- All right, number 12: Mobile dog grooming.
The pet market is quickly approaching $100 billion.
People really want to pamper their hairy babies.
As with any mobile business, this is a cool option
for physical businesses, without the need
to have an actual location.
Mobile grooming also means convenience for the owner.
Grow this by adding new services
and implementing technology, like scheduling apps.
If that's not your cup of mobile tea,
check out this other truck-based business.
- Number 13: A food truck.
I feel like we've been talking for a while now.
Sure would be convenient if someone drove up
and handed me a refreshing beverage.
Which is exactly where a food truck could come in.
Food trucks, shockingly, are actually growing faster
than the restaurant industry.
Create something unique, and market it out the wazoo.
It's easy to expand, too, by adding more trucks,
or even getting a physical location.
- Moving on to number 14: Natural hair care.
Natural hair and eco-friendly hair products
are making a big comeback,
and are highly searched for products.
Solutions for natural hair care are still
relatively few and far between.
So this is the perfect time to step in
with a nicely branded holistic oils, cleansers,
conditioners, and protectants.
This can expand into other beauty products, salons,
and lifestyle elements.
- All right, number 15: Ice cream.
- Ice cream! - Ice cream!
- Ice cream!
- Several ice cream brands have recently done
lots of cool, sweet industry disruption.
A teen entrepreneur made the world's first
almond ice cream in 2015.
The frozen banana ice cream maker brand, Yonanas,
makes over $5 million in revenue each year.
And Halo Top ice cream has been offered a $2 billion buyout.
Now is the time to test out
some never before seen frozen treats.
- Up next, number 16: Niche websites.
You know by now that we at TRUiC
are huge fans of web-based businesses.
- We are?
- Yes, as it's a simple way
to test out ideas in a risk-free way.
Find your niche, and develop a website around it.
Become an authority in a specific market.
Provide resources. Create content.
Create a space for a niche audience to gather.
There's a lot you can do with just a website.
Monetize it with ads, affiliate links, and more.
Check out our other videos
for more ideas for your site, too.
- Number 17: This wild new thing called micromobility.
No, not like that scene in Stuart Little.
This is mostly about scooters, for humans.
Citizens want more ways to explore the streets efficiently,
without the hassle of cars.
And companies are stepping in with inventive solutions
like rentable scooters, bikes, and even Segways.
Your town may not have one of these solutions yet.
Or, you can find a way to improve
or service emerging industry.
- I mean, some enterprising folks have already
built companies around impounding these scooters
left on private property.
- Yeah, that's a hilarious business model.
But it's working for them.
There's a lot of room for growth here.
- We're getting close.
Number 18: Assisted living.
Sure, this may not sound glamorous.
But by 2020, one in five people will be of retirement age.
That's a lot of incoming customers.
Even without making a facility,
this is an industry that could use a lot of improvement.
There may be a product, service,
or use of technology that no on has done yet.
- Number 19: Solar panels.
Companies and consumers alike are hunting
for ways where they can reduce their footprint.
Solar panels have boomed as a search term,
and other sustainable energy solutions
are being developed and funded more than ever.
Even if you don't develop your own green energy product,
think of the ways that you could use existing technology
to improve a product, process, or market.
You can even use your knowledge by
putting together kits, resources, and installation services.
- Finally, we've reached the last idea.
And just in time, because I could
really go for one of these.
Number 20: Bubble tea.
Ask anyone in our office, or on the street corner.
This beverage filled with little tapioca balls
is unbelievably delicious.
Bubble tea has boomed since the 80s
thanks to its increase in popularity around the world.
And also the constant efforts by bubble tea brands
to innovate with various flavors and styles.
This market is projected to grow nearly 10%
in the next few years, so think about adding this product
to your menu, inventing new flavors,
or even using it to inspire some part of your next business.
- That was a lot of highly growth prone business ideas.
You're very welcome.
- If this wasn't enough, check out our description below.
We have a whole section of business ideas on our site,
HowToStartAnLLC.com.
- You can input all your needs and find the niche
that best fits your lifestyle and personality.
- If you somehow don't see a business idea there
that catches your fancy, and yes, that's a challenge,
leave us a comment.
WE'll start researching and pointing you
in the right direction.
- Is that it?
Can we get outta here yet?
- Oh, God, I hope so.
- Wait, what's that? - Do you hear that?
Like that, like a buzzing?
- Oh, dude, no way. - Whoa.
- Oh, look at that. - That's a box.
- Whoa, open it up. - All right, all right.
Oh, there's a key inside.
- Oh, we can finally get outta here!
- It's the key to our release! - Yes!
- We're outta here!
- Yes, out of this escape room.
- Oh my gosh.
- It only took us, what, an hour and a half?
- I know.
- Like, Scoob, there's not enough sandwich
for the two of us, man!
- (Scooby voice) Looks like I'm gonna have to eat it
before you!
- Yoinks! (sound effects)
- I might not need Gage, c'mon, cut me off here.
Tell me to stop, somebody.