What is the Most Successful Business to Start in 2022? Learn what the most successful business to start in 2022 will be.
What is the Most Successful Business to Start in 2022: You might ask yourself this question every day, or you might not even be thinking about it at all. Whether you’re just thinking about it now or have already come up with the perfect idea.
What is the Most Successful Business to Start in 2022
This article will help you get an understanding of the most profitable industries to enter in five years and how to make your startup stand out among the rest. Let’s take a look at the 10 most successful businesses to start in 2022. (1)
Legal Consulting
As businesses continue to grow, they’ll need lawyers more than ever before. Between securing contracts and handling any legal disputes that arise from non-compliance, there’s a lot of potential business for attorneys—and as demand increases, so does compensation.
The BLS reports that demand for all types of lawyers will grow at a rate of 7% through 2022. Even though some law firms are starting to pivot away from transactional work (and toward matters like regulatory compliance), plenty will be up for grabs.
Software Development
New technologies are emerging every day and it’s easy for some of these promising tools, like virtual reality, artificial intelligence, machine learning, blockchain, and 3D printing to slip through our fingers. Every year there are more than 15 million programming jobs available, but only about 2 million software developers can fill them.
Even worse: 20% of information technology (IT) spending is on infrastructure that becomes obsolete within two years! If you want a job that keeps pace with all these new developments, get trained in one of these up-and-coming areas. In fact, the demand for IT professionals with training in cloud computing may be increasing by as much as 60% over the next four years!
Energy Efficiency
Electricity is extremely expensive across most of North America and Europe, so it makes a lot of sense to look into options for cutting down your usage. If you’re spending less on electricity than everyone else, you’ll pay less money on bills and increase your profitability.
LED light bulbs are one of many ways that businesses can cut down their energy costs without any additional work or input from employees. If your office or store uses a lot of lighting, start by swapping out some bulbs; you might be surprised at how much energy you’re using compared to everyone else!
IoT Products and Services
The Internet of Things (IoT) has been growing like crazy and will continue to do so over at least the next decade. Many small businesses are now able to launch IoT-based products and services by using off-the-shelf, relatively inexpensive components and software. If you’re a tinkerer with some hardware knowledge.
There are many opportunities for innovation as consumers adopt more connected devices into their lives. If you’re not an engineer but have business skills, work with someone who knows what they’re doing—many entrepreneurs and tech companies offer to consult services that can help you get started on your idea.
Website Building and Design
Nearly half of all businesses are now mobile-only, meaning they do not have a website. If you want your business to succeed and connect with consumers, you need an online presence that drives traffic. Consider working with a professional web designer or agency. They will be able to build your site and optimize it for desktop and mobile browsing, making sure it looks great on any browser or device.
In addition, most websites come equipped with free tools (like Google Analytics) that can help you understand how your audience behaves on your site—and where they spend their time when they get there. That knowledge will help guide marketing efforts moving forward, which ultimately means more customers coming through your door for years to come.
Robotics
Robots are increasingly taking over jobs once performed by humans, from manufacturing to retail. Demand for advanced robotics technicians and operators will also increase as robots continue to move out of factories and into homes, hospitals, and offices. As people hire robots for personal services, a new breed of tech-savvy repair technicians will be needed. The field could grow 42 percent by 2026. Employment is expected to rise from 138,300 in 2017 to 221,400 jobs by 2026.
That’s roughly an 80 percent jump over 10 years. (Bureau of Labor Statistics). In addition, companies that produce robot software systems and provide support services related to robot use will see their workforce expand by nearly 90 percent between 2016 and 2026. Occupations that makeup robotics might include Robotics engineers, Manufacturing engineers, Industrial engineers, Electrical/electronics engineering technicians; computer network architects.
Computer control programmers; Computer network support specialists; Telecommunications equipment installers & repairers. Other occupations that may employ a few dozen or several hundred workers include Small appliance repairers (1st class); Electronic equipment installers & repairers; Automotive service technicians & mechanics; Residential locksmiths; Commercial locksmiths.
Healthcare Management
According to a recent McKinsey report, there is an opportunity for about 1 trillion dollars in incremental revenue growth from better management of healthcare, which amounts to about a fifth of global health expenditures. Consider taking healthcare classes and putting yourself in a position to be able to manage growing hospitals. If done well, you could be rewarded handsomely.
And even if you don’t have an official background in healthcare management, your experience leading other large projects can help you learn quickly and take advantage of new opportunities that may arise. You could also try managing an outpatient clinic or fitness center as a side hustle.
Especially if you live in one of many states where physicians are legally allowed to work with their hands-on patients outside of traditional clinical settings. One caveat: These types of businesses are highly regulated, so make sure you know what licenses and certifications are required before diving into something like that on your own.
Facebook Advertising
According to a Global Web Index report, 54% of all American internet users are using Facebook on a daily basis. The potential for advertisements on Facebook is huge—but it’s also ever-changing. With so many options, which types of ads work best for your business? Is Sponsored Content better than Promoted Posts or vice versa? How much should you spend on each type of ad per day and how often should you post them?
Before jumping into advertising on Facebook, it’s important to do your research and figure out what will best suit your business and budget. Then, start testing different strategies with small ad spends until you find what works for you. Keep in mind that even if one type of ad doesn’t seem to be working, it could be because you haven’t targeted your audience correctly. It can take time to optimize an effective strategy, but there are plenty of tools available that can help make that process easier.
In addition to traditional Facebook ads, consider running Instagram Ads or Sponsored Stories. For example, The Pizza Company ran an Instagram campaign asking people why they loved pizza (and tagging @pizzacompany).
This resulted in thousands of free likes and comments from customers excited about their favorite food. Running Instagram campaigns can help boost engagement with your brand as well as build more followers by showing off some behind-the-scenes action at your company.
Financial Applications
There are a number of emerging software and payment platforms that aim to make it easier for businesses (as well as individuals) to accept digital payments. Payment services like Stripe and Square, which make it easy for anyone with an internet connection to accept credit card payments, have made some waves. The most popular financial application on Facebook is Messenger Pay—it’s part of Facebook’s Messenger app and lets users send money directly within messages on Facebook.
There are also plenty of P2P apps like TransferWise that compete against traditional banks. And then there’s bitcoin—not just a secure online currency but also a platform for creating new financial applications. In fact, blockchain technology has already been used to create cryptocurrencies such as Bitcoin Cash, Dash, Litecoin, and Monero.
As more people become familiar with blockchain technology and its potential uses outside of cryptocurrency markets, expect more creative uses for blockchain to emerge. In addition to building out new financial applications using blockchain technology, expect entrepreneurs to find ways to leverage existing technologies like NFC chips or QR codes so that you can pay at retail locations using your smartphone or another mobile device without ever pulling out your wallet or credit card.
Cryptocurrency Trading
While few will disagree that cryptocurrency has become a huge phenomenon, it’s still pretty new. There’s a lot we don’t know about how cryptocurrencies work and what happens when blockchain technology hits critical mass with mass adoption. Over time, everything from how people get paid to how people consume media will change and blockchain technology will be an integral part of that change.
What does that mean for entrepreneurs? We have a unique opportunity to establish ourselves as experts before things really take off. Also, remember: major companies like Apple and Google were run by teenagers with big ideas once upon a time—if they can do it.
Also Read: What are The 5 Most Profitable Business?
Conclusion
What’s your biggest takeaway from all of these success stories? No matter how you get there, what do you need to be successful? The experts agree: It takes a tremendous amount of hard work, dedication, and perseverance.
Setting a goal, putting together a solid business plan, and doing your research are only some of the steps that can lead you down your entrepreneurial path. And once you’ve started your company, learning as much as possible about marketing and networking strategies can help propel it forward.
As long as there’s money to be made, and people who will buy what you have to offer, an idea can become reality. Now go out there and make it happen!
