BI Intelligence expects the sales of drones to surpass $12 billion in 2021. “That’s up by a compound annual growth rate (CAGR) of 7.6 percent from $8.5 billion in 2016.” The growth is expected to occur in the following industries; Consumer Drones, Enterprise Drones (aka Commercial Drones), and Government Drones.
Combine living in a global marketplace with the low-cost of building an online storefront and decreasing transaction rates and you can see why eCommerce websites are flourishing. To get started, do a little research by seeing what’s popular on Google Trends, eBay, and Amazon.
For example, hammocks were trending on eBay this year, along with having an engaged community of hammock lovers on Reddit. With that in mind, you could start an eCommerce that sells hammocks that have been handmade from locally-sourced fabrics.
“Customers are seeking more digital touch points for convenience, as customers experience in their daily lives that degree of personalization,” Keith Webb, vice president at Capgemini and co-author of the report, told CNBC.
“And the insurance industry can’t actually lag behind, although I think that it still is lagging behind other sectors. But certainly it’s waking up to the fact that working in partnership with more insurtech firms — working in partnership with technology firms generally — through their innovation labs now which are fairly common, is definitely enabling more rapid, and more innovative engagement models with customers, that take them into that personalization stage that really customers are beginning to expect.”
Enter insurtech, which is an offshoot of the financial technology (fintech) sector. This rapidly evolving movement is focused on simplifying and improving the efficiency of insurance.
You can buy a beer kit for under a $100 and start experimenting with brewing your own beer. If things go well, you can eventually open your own microbrewery.If beer isn’t your thing, then you can start making wine. Start by purchasing juice or growing your own grapes. If the batch is good, then you can sell your vino online and someday launch your own vineyard or tasting room.
As the cost of smartphones decrease, more and more people are starting to join the mobile revolution. It’s estimated that by 2020 there will be close to 3 billion smartphones globally. And, what are these users demanding? Mobile apps that help them manage their lives, or a game that they love.If you have an idea and some coding skills then you can start developing your own mobile apps. And, if you aren’t a coder, but have an awesome idea, then reach out to a software developer to make your app a reality.
48. Language Translation Service
The demand for skilled translators is incredibly high as the world becomes increasingly smaller. Whether if it’s translating legal contracts or translating blog posts for global eCommerce sites, this is a low cost business idea that is showing no signs of slowing down.Personally, I would search freelance sites like Fiverr or Upwork and start reaching out to people who are fluent in several languages to join your business. This way you can translate documents in a variety of languages.
Drones are scorching hot right now. In fact, drone sales boomed from 224 percent in 2015 to 2016 to almost $200 million. As Susan Ward writes for The Balance, “Drones are rapidly becoming an indispensable tool in a variety of industries.” If you want to capitalize on this trend you could start a drone-based business such as sales, customization, repair, training, photography, mapping, surveying, or security surveillance.