There’s a million things happening at every second in the business world. Technology has disrupted every sector of business, and we see news of traditional businesses closing doors almost every day.
Another thing we hear every day is some technology company suddenly becoming a unicorn. This situation gives birth to a lot of untapped opportunities which in turn will give birth to tens of thousands of companies in the near future.
In this article, Gerry Sanchez talks about these opportunities so aspiring entrepreneurs like you can take inspiration and find new ideas.
1. SAAS PRODUCT STARTUP
The global Software as a Service (SaaS) market has almost doubled since 2014 and is projected to touch 157 billion dollars in 2020 alone.
SaaS is one of the biggest upcoming sectors as businesses move online. There are a plethora of challenges and requirements faced by companies, and software services represent a solution for all of these.
If you think about any corporate department, you will see that there is a SaaS solution being implemented. There are SaaS solutions for HR, Sales, Operations, Finance, marketing and other departments.
Recently we have witnessed the emergence of team management software, CRMs and ERPs, which are technically helping owners manage the whole of their business from a single computer.
SaaS software is also helping E-commerce businesses automate their sales and marketing efforts. And the list goes on.
The future is going to see widespread adoption of these software services, and you can be part of this growth by solving offline problems through online channels.
2. ONLINE EDUCATION
The internet has transformed the world into a small village. People now have the opportunity to learn from the best in the world from the comfort of their home.
This has also led to tens of thousands of successful online tutors who have made millions from the comfort of their homes. The online education and training industry is another area which is booming and will continue to do so for the next decade at least.
There are students in every niche when your target audience is the whole world. You can create a course about anything that you are passionate about, and online marketing will help you to find a relevant audience online.
But before you jump into recording your first course, make sure to research about the demand and learn digital marketing to promote your course.
With the right approach and skillset, the sky’s the limit, and Gerry Sanchez has helped many of his customers realize their dreams through his training programs!
3. MEDIA BUYING AGENCY
Since most of the human population spends considerable time online, it has emerged as the best place to market. Just like the TV was the king of the advertising world years ago, social media is ruling the same market but at a larger scale.
Social media marketing and online advertising have given birth to thousands of million-dollar companies because of the enormous reach and the richness of data available to advertisers.
Every business, from the local brick and mortar store to the largest software company in the world, relies on social media marketing for growth in all areas. Most businesses have not yet tapped into the power of online marketing, but this is an area of great potential.
While millions of businesses are looking for media buying agencies, there is a big gap between demand and supply.
You can be an early adopter and fill this gap by building a robust media buying agency and helping other businesses. Gerry Sanchez has helped numerous entrepreneurs build agencies and grow them consistently by identifying their target markets and capitalizing on the most effective marketing geared toward their audience.
4. WEBSITE & SOFTWARE DEVELOPMENT
The first step to building an online presence for any business is building a website or an app.
There are millions of websites and apps getting built all the time, but still, there are a lot of unfulfilled demands.
Starting a web development and app development company is a lucrative option for new entrepreneurs as you can build businesses while building your own agency. You will also love the process as an entrepreneur and spend time doing what you love!
5. DIGITAL MARKETING & BLOGGING
There are many other divisions of digital marketing like SEO, social media marketing, content writing and consultancy among others; which today happen to be in high demand.
Just working on a blog by doing consistent SEO can actually help you build a million-dollar brand over a relatively short period of time. All this is possible because of the enormous amount of traction and opportunities in these areas!
These are the top 5 untapped markets which can help you build a fortune over the next few years. Gerry Sanchez is helping numerous entrepreneurs realize their dreams by guiding them to success as they leverage these five opportunities for success.
According to Gerry Sanchez, it all boils down to developing a strong business model using these five platforms and setting yourself apart from other entrepreneurs by dominating an untapped and niche market.
Remember that you are always one idea away from changing your life!