If you’re looking for the top business opportunities for 2023, look no further than online and brick-and-mortar retail. Energy, oil, and gas are also booming sub-industries that can help you earn a profit. Bodybuilding is also growing in popularity with an ever-growing clientele. Videography can also be a lucrative business to get started.
Online and brick-and-mortar retail are the most successful businesses to start in 2023
In the midst of the Information Age, retailers are looking for ways to retain customers and increase brand loyalty. New buying behaviors and increased cost pressures are driving this trend. While 96% of Americans now use the internet to make purchases, they still spend approximately 65% of their total shopping budget in brick-and-mortar stores. With these new technologies, retailers can find new and innovative ways to keep shoppers coming back.
With the rise of mobile and tablet shopping, brick-and-mortar retail is becoming an increasingly important customer touchpoint. More than ever, consumers are spending time outside of their homes. And in order to maximize this opportunity, retailers need to create a unique customer experience beyond the screen. By creating an interactive experience, online and brick-and-mortar retailers can increase their customers’ likelihood of converting into customers.
Energy, oil, and gas are thriving sub-industries
In a world of decarbonization and climate change, energy and oil companies are struggling to communicate their value as part of a decarbonizing energy system. The Boston Consulting Group notes that while oil and gas companies have become proficient at building local support for their products, they have yet to develop compelling narratives that explain their role in transitioning the global energy system. A group of oil and gas operators called the Permian Strategic Partnership is seeking to shift this narrative.
Oil and gas companies are responding by re-imagining their business models to adapt to this new energy system. They are leveraging new technologies that enable them to meet global demand for energy and lower their carbon footprints. In order to respond to this new environment, oil and gas companies must develop strategies for a low carbon economy that is profitable and easily explained to stakeholders.
Videography is a lucrative business to start
Videography is an increasingly popular field and has low entry barriers. All you need is a decent camera, some sound and lighting equipment, and a computer with an internet connection. If you don’t have a camera, you can use screencasting apps to record your videos. You can also create a personal website to host your videos.
Consulting is a booming industry with a growing clientele
As the global economy recovers from the Great Recession, the consulting industry is seeing a surge in demand. Most consulting offices are now full and recruiting aggressively. The outlook for the consulting industry is positive, and top consulting firms are competing with Investment Banks for the best talent. These firms offer very attractive compensation packages and career opportunities.
In this global market, consultants are being hired to help companies solve complex issues. They are increasingly sought after in food and supply chain industries, where e-commerce is growing by the day. As a result, most consultants spend much of their working days away from their homes. However, travel restrictions are limiting consulting firms’ ability to serve their clientele.
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