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With the plethora of startup business ideas that may rush through your head on a daily basis, it can be difficult to choose which is which is worth pursuing in the long term.
While jumping on a new trend can be a real risk, it also proffers the chance to be highly successful. There are also some ecommerce ideas that have been popular for some time making it a more competitive choice but far less risky.
Here are some examples of start-up business you may wish to look further into.
High-Intensity Interval Training workouts or HIIT workouts as they are more frequently known are one of the most popular niche models in the fitness domain. Fitness, weight loss and healthy living niche markets do tend to be more stable and highly profitable for many starting out in the world of business. There is a large market to tap into as those looking to take part in HIIT workouts tend to need equipment such as weights, jump ropes, medicine balls, fitness mats and much more.
By the end of 2018, the worldwide sales of smart watches are expected to be close to 141 million units with the industry is set to rise to a $19 billion global trend. Even more insightful is the fact that by the end of 2019, it’s expected to earn $53.2 billion in worldwide sales. Whether used to track your steps or assist in planning your day, it is very likely there will be continued innovation in this market for some time.
Dash cams continue to grow in popularity down to their practicality and safety aspect. Many insurance companies now accept and even encourage dash cam videos in claims to be used as evidence to back up a motorist claim.
Some companies may also lower your insurance premiums if you have one installed in your car. By 2020, this industry is anticipated to be worth $4.03 billion worldwide.
Time For Tea
Tea is the second most popular drink after water. Approximately 80% of American households have tea in their homes. With 158 million daily tea drinkers showcasing the growth potential for a niche tea store, consider Matcha tea.
This tea has rapidly grown in popularity due to its noted nutritional benefits, for example, it’s packed with antioxidants to detox the body naturally. It also assists in reinvigorating your metabolism, as well as many other health benefits. Consumers have also demonstrated its versatility by creating delicious desserts with their Matcha tea as well as other recipes. As a side to this business, there is the possibility of branded drinkware and teacups.
Pumped Up Pool Party Accessories
Celebrities such as Taylor Swift, Zooey Deschanel, and Kendall Jenner have been flaunting their fondness for the pool inflatable over the last summer. As with anything receiving the backing of such industry icons, this has resulted in a massive spurt in popularity of these plastic props.
While this type of seasonal product tends to be most prevalent in the summer months, robust sales could be expected if only for a few months at a time. To capitalize on the success, you could sideline in other seasonal items to sell year long but don’t forget the potential for winter sun tourists who may well wish to take their much-prized possession with them on their holidays away.