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Fast Growing Small Business Ideas and Opportunities
Have you ever thought of this: that thousands of untapped or partially tapped but fast growing business opportunities are available all over the world and your country is not an exception? Yes, they are and this is not a fallacy. And behind that fact lies the opportunities to start one or two or more fastest moving business(es) today if so wish you.
First look around you and you may not likely see what are seen with business eyes. But don’t worry, this write-up will expound ten of the most widely sought businesses on which you can invest and get good returns and earn huge money.
Examine these fast moving business opportunities and choose your favourite.
Fastest Growing Small Business Ideas and Opportunities
1. Software Development Business: This is one of the fastest growing businesses found under Information and Communication Technology (ICT). No doubt some countries are ahead while some are lagging behind when it comes to software development.
Whatever the case, think of software that run on android, ios and computer alone you will see that this business awaits exploration. Here this: more businesses are striving to offer cloud-based services which make the software business to continue to grow fast.
According to The Gartner CRM Guide(2014), it was estimated that most customer–relationship management deployment would be 80% software- based in 2025 from its 50% in 2015. While “software as a service is eating up the world” as Mark Andreessen would say, and you too can eat up reasonable money from this expanding business.
2. Blogging Business: To most people in the world, blogging is a joke and not a career, and a way to make money. But does that assumption hold water? Never because this is one of the fastest growing business in the world today.
Haven’t discovered its money spinning secrets, internet cum computer-lovers now turn to blogging all over the world. There are some blogs that make $100, 000 a month. Yes, you can ask the world renown bloggers like Brian Clark, Neil Patel, Hiten Shah,J on Morrow among others.
With the creative power to write content that can get a lot of traffic, convert visitors into email subscribers, send these subscribers content that builds trust, and sell products and or services your audience wants thousands of people are daily becoming bloggers and earning big and cool cash as fast as possible.
3. Online- Retail Shopping/ Telemarketing: As the world of ICT expands daily, so new trends surface daily, and one of the rapid moving businesses in the world today is online-retail shopping/ telemarketing created by Michael Aldrich in 1980s.
Telemarketing is the process of selling products or services over the telephone and related devices while online shopping is a form of electronic commerce which allows consumers to purchase goods and services directly from a seller with an aid of internet using a web browser.
As at 2016, different computers and devices such as desktop computers, laptops, tablet computers and smartphones are heavily deployed to get this business done without difficulty.
Take this: In 2012 according to wikipedia, the online international sales of Asia-Pacific was over 30% and thereby raked in $433 billion surpassing that of US revenue of $364. 66 billion. Though there exist the world's largest online retailing corporations( Singles Day-whose daily sales was estimated at $9.2 million , Amazon.com, Alibaba and ebay), there are thousands of online retailing shops today and yours is expected too.
4. School Business: The world is full of children and adults who crave for basic and secondary education especially. The once barbaric mind and society want to be liberated the above are parts of the stringent factors why establishment of schools continue experiencing fast growth the world over.
Take note of this as reported by UNESCO: as at 2012, 31 million primary school pupils worldwide dropped out of school while another 32 million repeated a grade. In Sub-Saharan part of this planet alone, 11.07 million children leave before completing their primary education while about 13.54 million children have the same experience in South and West Asia.
UNESCO also reported that 61 million primary school-age children were not enrolled as at 2010. No wonder investors are putting their resources on this business. Look around, you will discover that those who shifted from traditional way of school business to modern way are having good profit day in day out and you too can join the trend.
5. Security Outfit Business: Can the number of police in your community be enough to safeguard lives and properties around you. Definitely no. But some may object that “ what a needless endeavour as our security system is not porous? ”.
Yes, that may be the case but no society is “angelic guided” and there are thousands of communities in your country that are crime-prone.
Aside that, terrorism has assumed new dimension and the need to counter them. Those reasons serve as the bases why many are investing on provision of well-trained security officers to secure banks, hotels, shopping malls, petroleum pipelines, personal houses etc.
Aside personal security, communities and corporate organisations and other establishments daily seek guards and thus make this business booming.
6. Real Estate Business: This is another fast growing business and lucrative opportunity in our world today. This business keeps on expanding and no matter where you reside one aspect of it ( land purchasing/ land resell; land development / building; land/ building leasing) will be the hot cake to rake in reasonable profit.
This is not a fallacy as many people face housing land-owning problem in the megacities. As of January 1st, 2010 Mexico City which ranked fourth in the world with 23,400,000 population needed at least 577,000 housing units.
And UN Habitat also reported that 30% of the world’s urban population lives in slums and over 2,000,000,000 (two billion) people are in dire need of better housing. Did get the reason why real estate will ever boom rapidly?
7. Dry Cleaning and Laundry Business: Many workers (men and women in today’s world are ever busy to wash and keep their attires neat. This reason one of others that makes dry cleaning and laundry among the fastest growing business opportunities to grab.
Another reason that makes this business booming nowadays is because it can be started as a small scale, medium scale and as a large scale business. Whatever way, it is a hot business.
8. Web Development Business: A lot of testifiers are out there to say “yes, this business is growing exponentially”. Take note of the following point that will ever make the business growing. First, many started as part-time and keep on doing it in the evening and on the weekends without an office as well.
They meet their respective clients at local cafe, or clients’ offices. Other reasons include the fact that most web developers started with low cost (a budget of $100-$300 is fine), and the demand is high in the market as more businesses and organization are turning to web and love to be seen and heard through personal online platform.
As web developers are “somewhat” young specialists, clients pay them well and more people wanted to join the trent too.
9. Kennels and Piggery Rearing Business: Animal rearing business offers various business opportunities than ever before, and investors have discovered kennel rearing as one of the fastest growing businesses people delved into now. Haven’t you heard about Rottweiler, GsD, Boerboel, Pitbull, Tibetan Mastiff, Lhasa Apso among others?
They are sources of money. For piggery, gone are the days many held the myth that they were dirty but now this animal rakes in high profits for potential investors as a sow can give birth to over 12 piglet at once and pork lovers are making the business to grow further.
Apart from that, lard (pig fat) is used in many cuisines around the world as cooking fat or shortening, or as a spread similar to butter. Take this again, many are turning to piggery as food technologists have discovered 185 products that can be obtained from the pigs.
According to Huffington Post and www.annadairfelt.com, pigs help to give us delicious ice-cream, whipped cream, sweets, fatty acids, as well as paints, luscious lipsticks among others.
10. Fast Food Restaurant/ Bar Business: Fast food restaurant also known as a Quick Service Restaurant business is ever trending in the world today. The United States has the largest fast food industry in the world and most foods served are alternatives to home-cooked.
Have you tasted pizza, steak, salads or coffee among others? Many couldn’t do without fast food and they have made the business a fast growing one. Only Chick-fil-A ( an Atlanta –based chicken juggernaut top the sales chart with $2. 85 million, followed by Krispy Kreme Doughnuts with $2.57 million and McDonald’s sales in 2013 was put at $2.5 millions.
Even local fast foods and bar joints count on pretty sales daily and thus makes the business expanding beyond the imagination.
There are untapped business opportunities in every industry all over the world; you just need to dig deeper to find such niches. While there are untapped business opportunities in every industry, this post will be pointing out the fastest growing business opportunities. If you’re in Diaspora wishing to start a business; then you will find this list of fastest growing business opportunities very useful.
A lot of things have been said about my country and her harsh business terrain. If you are a entrepreneur or an investor in Diaspora; then this is my take about starting or doing business. If you are an experienced serial entrepreneur or an entrepreneur with guts; then you should know that one of the best places to invest your money and build a business is in a developing terrain.
Africa is still a developing continent and one of the best places to invest or build a business is in a developing environment. Though the risk is high, so also is the reward. Like I said; if you are an entrepreneur with guts to take on business challenges like Richard Branson; then this post is for you. If you are hungry for entrepreneurial ideas and information; then sit back, grab a cup of coffee and read on as I present with you a detailed list of 8 fastest growing business opportunities.
1. CATFISH AND POULTRY FARMING
The first of the fastest growing business opportunities is catfish farming. The primary reason I listed catfish farming as one of the fastest business opportunities is because it’s an emerging industry that hasn’t reached its peak or full potential. The major players in this business are usually regional players. What this means in essence is that each major player in the catfish farming industry is focused only on a particular business terrain within the geographical location of the farm.
All you need to do is look for a region with a growing demand that haven’t been covered by a major player and situate your business there. As for poultry farming, the ban imposed by the federal government with respect to the importation of live or frozen poultry birds has only helped explode the demand.
When accessing any of these business opportunities listed above, you must note three important facts.
*Food is one of the basic necessities of man, thus making catfish and poultry farming a huge potential.
*Population continues to growing so that entails a growing demand for food.
*If the local market gets saturated (which I strongly doubt as this niche is still in its adolescent phase), there’s still a growing demand for catfish all over the world. So do your own in-depth analysis and put your money to work.
2. INLAND WATER WAY TRANSPORT
Inland water way transport is one of the fastest growing business opportunities. In fact, I believe the niche is still untapped because I have only seen a few modern commercial boat or ferry service system being run profitably. Though there are a few operators in this industry, I’m yet to see the modern facilities being used by the developed countries.
Another reason inland water way transport business proves viable is because population in states such as Lagos, Ogun state and Rivers is rapidly on the rise thereby resulting in the congestion of roads. Since the roads are becoming heavily congested; the next means of transportation the inhabitants of these heavily populated states will resort to is water transport. With proper planning, a good management team and adequate funding, you can break into this untapped industry and carve a niche for your business.
3. INFORMATION AND COMMUNICATION TECHNOLOGY
When it comes to ICT, I will say Africa is lagging behind when compared to the western world. It may sound like bad news to you but to entrepreneurs and investors, it is good news. ICT is still an emerging trend that hasn’t reached its peak so a lot of opportunities exist for both local and foreign investors. I won’t go into the capital intensive business opportunities that exist in the ICT sector; rather, I will stick with small and medium scale business opportunities.
Just as the world is going e-crazy, so also are many African nations catching up with the trend. E-services provision is still a virgin business opportunity that hasn’t fully been tapped. Under the umbrella of providing e-services; you can find the following fast growing business opportunities: E-payment, bulk sms services, web design and hosting, database management services, e-portal management, etc.
A lot of institutional and private investors have gone into building quality schools and providing quality education but the potential has not been reached. With a population of over 150 million in my country, where 65% are below 40; there’s still untapped potential in this niche.
You can access this business opportunity from different entry levels. You can tap into this niche by providing either crèche, primary, secondary or tertiary education but all entry levels holds strong potential. Please carry out your own analysis before investing in any level of this business opportunity.
Not everyone loves being educated within four walls of school. Some prefer street smart education or high speed learning and that’s where you come in. You can set up a seminar company that organizes coaching services according to the current needs and trends of the society.
7. TRAINING CENTERS
Specialized training or educational centers is another fast growing yet untapped business opportunity. Examples of specialized learning centers are Leadership training schools, entrepreneurial centers, training center for the gifted and physically challenged, training center for hobbies and crafts, etc.
I want you to know that of the numerous business opportunities and potentials available, I believe the ones listed above are potential money makers but I emphasize you do your own feasibility study before investing a dime in any of these business opportunities.
In conclusion, this write-up explicates some fastest growing business opportunities with huge profits. No doubt one or two of such businesses can be invested on and they worth fortunes within a short time of its start up.