There has absolutely never been a better time to be an entrepreneur than right now. Between the World Wide Web and globalization, opportunities are plentiful.
If you took an entrepreneur from the turn of the century and showed them what was possible now, they’d wonder why everyone wasn’t swimming in money.
Nonetheless, being an entrepreneur still comes with its fair share of challenges.
One very common hurdle is simply getting started.
Don’t worry if this is what you’re dealing with. Below, we’re going to identify four emerging markets that could use someone with your entrepreneurial spirit.
Crowdfunding: The Future of Investing
It wasn’t so long ago that if you had an idea for a new product, you were looking at years and years of work before it even had the slightest chance of becoming a reality.
Even if you had a prototype made and patented, there was the arduous task of finding people who would invest the capital required to actually produce it.
Nowadays, that model is almost completely extinct and the driving force behind its demise goes by the name “crowdfunding.”
In simple terms, crowdfunding refers to using the Internet to put your product in front of people – most of whom aren’t traditional investors – and giving them the opportunity to put capital behind it.
Some of the most popular crowdfunding sites include:
What most people miss about crowdfunding, though, is that it’s more than just an opportunity for inventors and people who want to launch companies.
It’s amazing for those parties, of course, but it’s also an industry unto itself. This industry is in desperate need of:
- Graphic Designers
- Website Developers and Designers
Individuals and even entire organizations are basing their entire business plans on helping people use crowdfunding. We may never see another opportunity like this for decades.
eLearning: The Future of Education
Another thing that would astound people from a century ago would be just how easy it’s become to learn almost anything.
We’re not talking about higher education, either. While college still has its place, it’s impossible to ignore how much the Internet is encroaching on its stronghold.
Everything from online courses to webinars to eBooks have become commonplace online.
Much like crowdfunding, this has given birth to two different industries.
First, there’s the direct route. If you have a skill or talent you can teach others, you could become an online educator. You’d be surprised how much money people are willing to pay to learn from an expert. Don’t let that title scare you, either. If you know more about a subject than someone who will pay to learn about it, you’re an expert to them.
Second, there are the supporting acts.
Maybe you don’t want to teach. Learn how to create online courses and you’ll have an endless stream of revenue from people who do wish to become educators.
Learn how to put together a sales funnel – and those same people will beat down your door because they need the exposure you can provide.
The list goes on and on, but the upshot should be clear: this is yet another emerging market with too many opportunities to list.
In both cases – crowdfunding and eLearning – you could also become successful through the primary path – as an inventor or educator – and then parlay that success into a supportive role.
Again, the opportunities are endless.
Social Media: The Future of Marketing
It’s no secret that social media has turned marketing on its head. We now live in a world where people don’t have to worry about buying station time or paying for a billboard to get in front of customers.
This doesn’t just mean less overhead for entrepreneurs. It means more opportunities for them.
Social media is not going away. It’s only going to evolve and become even more effective.
While you could certainly focus on trying to start a new social media platform, the far easier goal would be learning how to market other people’s businesses with this dynamic new force.
Social media marketing is something you can do from anywhere on the planet – as long as you have an Internet connection.
What’s really exciting is that you don’t even need a lot of startup capital. There are countless posts online that will give you more than enough information to get started.
As time goes on and revenue comes in, you can definitely invest in software that will make your job a lot easier. You could hire freelancers to multiply your efforts, too.
However, at the moment, if you’re reading this article, you have the resources to begin learning the ropes of this emerging market.
Apps: The Future of Connectivity
When it comes to human interactions, social media may be the future of connections, but apps are the way we will connect with our favorite companies.
This is true for no other reason than the fact that mobile technology is taking over. More and more, people reach in their pockets when they want to go online – not for their actual computers.
Amongst other things, apps streamline our connections.
Want to order a book on Amazon? There’s an app.
Need something to listen to while you exercise? Plenty of apps for that.
Looking to go on a date with someone? No lack of apps.
Coding is a skill that the world will always need, but this is becoming especially true when it comes to developing apps.
Most companies with websites want apps to go along with them.
Even celebrities are creating their own apps.
Just like with social media, we probably haven’t even seen the tip of the iceberg where apps are concerned. Jump on this emerging market now, and you’ll be an entrepreneur with plenty of revenue streams to explore.
As you can see, if you want to be an entrepreneur, you’re not without some very diverse and promising markets to choose from. Don’t worry about conquering them right now. For the time being, get your feet wet and begin small. It won’t be long before you’re on your way to leaving an impressive footprint.