Business Opportunities 2010
With 2009 almost dusted, its time to start looking to the best business opportunities for 2010.
According to About.com Small Business Canada a lot of the best business opportunities are green.
With so much concern for the environment consumers are looking more closely at ways to buy their food and technology in an environmentally friendly manner.
Here is a summary of the list of best opportunities for 2010:
Green Technologies
Grants and loans abound at present to fund projects to help solve environmental problems. Irrespective of if you have bought into the gravity of climate change or not, the government has put aside significant funds to tackle the issues. This in turn provides a good opportunity to get a business up and running with the aide of the Government with market demand having been established.
Green Construction
Consumers want there new home or upgraded one to have as low an environmental impact as possible. This will develop into a high demand for homes which meet ratings standards such as R-2000, BuiltGreen and LEED. If you are able to supply green materials, techniques or certifications there is a ready demand for your product.
Senior Renovations
DIY or Home renovation has always been a good market. Increasingly Seniors are looking to stay in their own homes longer and make their lives easier. Finding a niche is the key to success, start thinking about special bath fittings and ramps then think much further there is a solid market waiting to be satisfied.
Senior Care
There is an increasing demand for the senior care range of products. Supplying in-home care, starting a rest home, providing in home services (running errants, housekeeping, preparing meals) are in demand. Check out senior franchises as an alternative market entry point.
Business Security
Businesses will increasingly look to strengthen their security. Different sized businesses have widely different needs leading to a number of niche opportunities from locks to alarms to biometric security.
Nutrition Consulting
There is and increasing concern about food, how its made and where it comes from. This has translated into a grow industry for nutritionists. People are looking for advice about healthy living. There is also an opportunity for naturopaths.
Local Food Suppliers
With an increasing awareness of food origins people want to know where exactly where an how it was made. This is leading to increasing demand for food grown locally and naturally. Farm gate sales and farmers market sales are increasing and restaurants and retail markets focusing on local food represent good business opportunities.
Heating and Cooling Products
With governments around the world boosting environmental grants for consumers this industry will see good growth this year. A consumer who installs a heat pump will not only save money long term but now they get a grant from the government to install it. Smaller businesses who install these products will do well over the next few years.
Social Media Marketing/Management
Social Media is everywhere right now. However many small businesses don’t know how to get the best out of it. If you have skills in social media marketing and can deliver you business will enjoy significant market demand.
These are good business opportunities because they are well positioned taking into account business trends, consumer trends and the economy. They should show good profit for many years.
When considering any one of these opportunities, you need to understand that not every opportunity will fit every person. Always do the basics, properly scope the opportunity, do your homework and always write a business plan before setting of on your next adventure !
You can see the full article from About.com here
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Thanks for the tips. Your right about the social marketing scenes. I find it to be so vast that you can’t possibly focus on all of the different sites.
I use a couple of the more popular ones and thats it.
i think another 2010 business opportunities gonna be world cup
souvenir / merchandise.
the world cup trend is awesome.
just my opinion :)
thanks- tommy
Green will be huge business. Companies everywhere are looking to reduce their footprint and expenses.
With the economy and other recent news, I’m not sure I’d put green anything on this list.
In regards to social media, I don’t think most big businesses fully have their act together yet.
Thanks for raising our hope this year – 2010. Looking for forward to a prosperous times.
John Benjamin
Cannot agree more! Social marketing is such a powerful tool to attract people to your website!
Lena & Dima
Publishers, InternetBusinessBTS.com
I doubt Nutritionist demand would climb because there is way too much junk food out there, and they taste so damn delicious!
Nutritionist usually do well the first week or two after New Years because of weight loss resolutions, and then it dies down.
Franchise consultant also can be considered as best home based opportunity in 2010 because the trend of franchise investment is significantly increased within past year.
I am also hoping for 2010. But social marketing websites are limited for traffic to a website. Only good content, a proper site map, proper keywords are most important for a website to get more and more traffic. But your article is also very helpful to generate a good amount of traffic to a website.
Hi,
Your list of business opportunities for 2010 is a good one. I suggest that local food suppliers, heating products and renovations will be the most significant growth areas. Great opportunities exist for businesses that exist in both click and brick form to provide services to people within a 50 mile radius of their business/farm/workshop premises.
I think I would go for social media marketing. Social media are now the most attractive website where you can gain lots of visitors and revenue from your ad networks. Social media like Twitter and Facebook are fast growing social media sites, and anybody can do that as long you are creative and unique on your own business.
I think social media marketing and management is one of the best opportunities for 2010. Social media has taken off in the past few years and many are still playing catch up….
Thanks for the great list; your list seems to me more complete and realistic than others I have seen.
I have to say that my pick from the list is green technologies. The whole world is trying to become more environmentally friendly, so I think that there will be many opportunities opening up in this field.
@Franchisee
I totally agree with you. Franchising has been the ongoing trend since few years ago. Now, franchise fees are more affordable to the public compared to fees in the past years. I’m talking to a food business franchise and not the home based one (is there really home based franchise?).
Great list of opportunities for this year, 2010.
I feel that the area of alternative energy will becoming increasingly profitable in the coming months. With the price of Oil starting to move upward again, people will be looking for cheaper alternatives for powering their vehicles.
I agree that there are some tremendous opportunities in Green Technologies right now, and a great deal of consummer awareness and interest. It’s the place to be if you have any technology background, or even marketing or computer skills.
I recently read and article on Inc. or Fast Company (can’t remember exactly) about a whole new world of opportunities around the industry of “green cars”, from fuel to parts.
I think senior care should be #1. The trend is rising at an extreme rate.
-Bob
Thanks for the info. I believe you are right about green construction. I advertise a lot on Google Adwords and I have seen a big increase in sales for items related to green construction.
Once again, thanks!