- Fulfillment by Amazon (FBA) Sales
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The Fulfillment by Amazon (FBA) program allows sellers of products to market their wares through Amazon – the largest online retail platform in the world.
This is a great business opportunity because Amazon takes most of the headaches out of running an online retail business – in exchange for fulfillment and monthly storage fees, Amazon handles storage, packing, shipping, returns, and customer service queries as well as listing on Amazon’s websites.
Sellers are responsible for shipping their products to an Amazon fulfillment center and for creating their product listings on their Amazon store. Once listings are live and sales are made, the seller begins receiving their portion of the proceeds on a weekly basis.
- Skilled Trades
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It’s unfortunate that nowadays that some parents have a tendency to discourage their children from considering skilled trades as a career choice, in part due to the erroneous belief that trades are poorly paid. In fact, skilled tradespeople are generally well paid and enjoy satisfying careers.
It has been estimated that 40% of current tradespeople will be retiring in the next decade, creating a huge demand for talented workers in trades such as:
Carpentry and general construction
Plumbing, pipefitting, and steamfitting
Electrical and electronic control systems
Heating, ventilation, air conditioning, and refrigeration (HVAC)
Machinists and Metalworkers
The nature of skilled trades makes them ideally suited for self-employment:
- Software Engineering and Development
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Software engineers and developers create, test and maintain software on a variety of platforms, from mainframes to mobile devices. According to the U.S. Bureau of Labor Statistics, the demand for software developers is expected to increase by 17% each year through 2023, and the median pay in 2017 was slightly over $100,000 per year – making it a great business opportunity for those who pick up the skills.
The nature of the software development industry makes it ideal for contract employment. Many software engineers start out as salaried employees and eventually become self-employed contractors. Cloud computing and ease of remote access make software development an ideal home-based business.
Other high demand, well-paid opportunities in the Information Technology sector include:
- Meal Kit Sales and Delivery
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Meal kit services are becoming increasingly popular with busy people who don’t have the time to shop and prepare healthy meals and wish to lower their environmental footprint by reducing food wastage. The meal kit industry in the U.S. is expected to reach $10 billion in sales by 2020.
Customers select recipes online and meal kits with pre-chopped and measured ingredients are delivered to their homes on the chosen date/time, along with instructions for cooking and/or final preparation. Listed information such as calorie counts allows consumers to adhere to dietary requirements.
Meal kit suppliers often avoid large wholesalers and source ingredients from local farms, creating business opportunities for small to mid-size growers, ranchers, and seafood suppliers. Opportunities may also be available for delivery service providers to collect ingredients from producers and/or deliver the end product to customers homes.
- Virtual Reality
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Virtual reality computing (VR) is a huge leap forward in immersing the user in a realistic sensory experience. Hardware and software vendors are working furiously to bring new VR products to the marketplace and the industry is growing at a parabolic rate – according to statista by 2020 the worldwide size of the VR market will be in excess of $40 billion.
The potential uses of virtual reality for business or pleasure are practically limitless. For example:
3D movies – watching a movie in 360 -degree VR
Real estate marketing – imagine searching for a new home and being able to take an online VR walkthrough of an advertised house from the comfort of your desk chair
Gaming – VR is revolutionizing the gaming industry, with new VR titles being released on an almost weekly basis
Team-building exercises – shaking up team building events with a group VR experience
Social media VR interaction – friends will be able to interact in a virtual online space
Training – VR can inject a much higher degree of realism into training scenarios. Many businesses (such as UPS) are launching new delivery driver training programs using VR.