Hey, Been working online a long time and I was doing well, but now it seems like all markets I was in have really gone downhill. Gambling was the main thing I focused on, some new markets seem to be opening for it again, but still nowhere what it was. What do you think is worth putting money into?
You can give a try in the web hosting niche. You just need to buy a reseller hosting plan, design the packages as per your wish and then sell them at a high price. Reseller hosting also gives you a chance to setup your own hosting business with your own brand name. It just requires basic knowledge about web hosting. Other technicalities are managed by the hosting provider from which you buy the reseller plan.
Pot production, sales and marketing of paraphanalia, medicinal marijuana etc. It's now fully legal in Canada and U.S. jurisdictions are slowly but surely coming on board.
Why you dont choose a green niche ? they are not so good as trending niches but you have them for life ,you will know that people search for them for life
I'll second the cbd oils and crypto currency (although even these niches are somewhat over saturated, but they are still hot).
Once a market is trending, it is usually TOO late to hop on board. You need to find markets that have the potential to trend, get on board, and if they trend, milk them for all they are worth, then get out when everyone else wants on. In the words of Buffett, be FEARFUL when everyone else is GREEDY, and GREEDY when everyone else is FEARFUL. Look where that philosophy got him. Mimic that philosophy and you will always win.
Def crypocurrency, healthy/green products and CBD/cannibus products. Think of industries and products that are still doing well even during covid.
According to IBIS: The 10 Fastest-Growing Industries in the US 2019-2020 Revenue Growth 1. Online Grocery Sales 74.5% 2. Cough & Cold Medicine Manufacturing OTC 68.8% 3. 3D Printing & Rapid Prototyping Services 28.8% 4. Online Pet Food & Pet Supply Sales 28.5% 5. Hydraulic Fracturing Services 27.8% 6. Autonomous Underwater Vehicle Manufacturing 26.7% 7. Stock & Commodity Exchanges in the US 26.3% 8. Medical & Recreational Marijuana Growing 25.2% 9. Thermometer Manufacturing 23.7% 10. Massage Franchises 23.6%
It is difficult to say, all the markets are depressed and it depends on how much you are willing to invest. I think Job related market and mobile apps are a way to go in current situation.
hmm... I would say the repercussions of covid are kicking in, people are simply just not able to splash as much cash on gambling. Instead, they are holding their assets.