This Year’s Best Business Startup Ideas
It’s been something of a strange year. The pandemic has closed many once strong, viable businesses and many people have been left unemployed. But where there is a disaster, there is also opportunity. 2020 has opened up new doors of opportunity, both in the digital world and through a change in consumer behaviour if you want to start a business this year in the face if the pandemic, the ideas below are a good place to start.
The Alcohol-Free Trade
In the last few years, the alcohol market has seen a decline in sales, the reason
… alcohol-free products. With alcohol restrictions changing in many countries, people are noticing the tremendous benefits of alcohol-free products. They allow you to go for a night out and still drive, then wake up in the morning hangover free. The market for these beverages is ever-expanding, a business can have general liability as well, and it creates good market conditions for new ventures.
The Urban Farming Business
As urban expansion projects continue to eat up the green belt agricultural land, it poses something of a dilemma. There are more people to feed and fewer spaces to generate that food. Yes, food can be imported, but there is also a growing environmental movement that resists it. The answer could be urban farming, and you could be at ground zero with an excellent business idea. Why not start a company that grows local crops vertically?
Premium Pet Food
It isn’t just the diet of human beings that people have become super conscious of, their pet’s diets are also in the frame. If we are eating healthy food, they should be eating healthy food too, is the overriding attitude, and this is reflected in the growth in pet food options. There is everything now from Premium to vegan pet food. With around half the UK’s population owning a pet, and similar figures in the US, that makes an enormous market for high-quality pet food.
CBD Oil
CBD products have been something of a revelation in the health food market. The extract comes in the form of oils, creams, and edibles of various sorts. It can be caught over the counter and promotes claims of reduced anxiety and inflammation, as well as better sleep for insomniacs. Although the science on CBD effects is not super-tight at the moment and more tests are needed, it’s clear that vast portions of the population derive some benefit from CBD and will continue to buy it in some form for many years.
Online Enterprising
If you think that online enterprising isn’t worth the effort, then you may be in for a surprise. Some of the richest people in the world have made their fortunes by YouTubing, podcasting, blogging, and gaming. The reason is advertising, which is the model on which the Internet is run, and the way that digital giants like Google, Amazon, and Facebook, keep their status as big fish in a big ocean. The good news is that you can also have a slice of the pie if you’re dedicated and enterprising enough.