Are you looking for some businesses to invest in? Below are some industries that should see moderate growth and returns starting in the Fall of 2021 and into 2022 (for some, even longer).
With the return of the NFL, the MLB Playoffs race is heating up, and the return of the NBA and NHL – sports betting apps return to prominence in the fall. The best sports betting apps have all the options and are able to find a spot in an industry that is increasingly more competitive as sports betting becomes more prevalent in North America.
Subscription-Based TV/Movie Services
We have seen many people staying at home over the last year, and with people staying at home for so long (and maybe a bit more once again once the weather changes), we may see more streaming services grow. The best example of success last year is Disney+. We have seen the meteoric rise of Disney+ over the previous year – now with over 100 million subscribers. The rapid growth is a combination of demand for the product and supply of programming (the mixture of classic movies and most-watch tv appeals to people and keeps them coming back).
The increase in competition to Netflix and the profitability of these services have more companies looking to get in on the action. Paramount Plus and Peacock are two big launches this year that could be the next big things – partly because they offer live sports in their packages.
Pet Care Businesses
Eventually, people will return to work. How often they return and when they return is still up in the air – as many companies, even in places that have minimal to no restrictions, continue to have their employees work from home.
Many of these people, once they return to the office, will need care for their pets (as more people have gotten animals in the last year due to them being at home). You can look to invest in something that works in a gig economy sense – setting up people and their pets with caretakers. The other investment you could look into is something more extensive, providing longer-term services as people are now more open to travel.
In-Home Food Services
We have seen many people getting into make-at-home meal kits – where they provide the instructions and all the ingredients to make dinner. This service has been excellent for some people by helping them learn to cook. However, as people learn to cook, these services start to lose their appeal. Or at least they are not as appealing to use every week.
Instead, services that cater in different ways could be more appealing. Instead of traditional healthy dinners, provide people with all the ingredients – and maybe some kitchen utensils and appliances – to make more challenging and fun meals. It is more of a cooking class/date night activity that you can sign up for once a month.
You could also pair it with an alcohol service to make wine/beer/spirit pairings with the food in your kit.
Wedding Venue Database
A lot of people have delayed their weddings until 2022. That means it is more challenging than ever to get a venue and everything else you need to have your dream wedding. You could invest in a regional database to help people contact with all the services they need. Think of it like one of the all-in-one travel sites, but instead of travel, it is for weddings.
Used Car Sales
With microchip shortages hurting the supply chain for new automobiles, used cars are hitting all-time peaks in value. With a chip shortage expected to last until 2023, the demand for used vehicles will remain high – and with higher demand, means higher prices. Investing in local dealerships and potentially helping them acquire reasonably priced used autos could net you a nice return over the next 18 to 24 months.
This works if you live in an area with a supply of collectibles, but either the demand is not there, or the people are selling stuff as physical retailers (and not heavily involved in online sales). If you can find things reasonably priced, you could develop your retail store and sell stuff online as the demand for collectibles such as cards and action figures are still at record levels.