Starting a Business in 2022? 12 Industries to Consider

What do you predict will be a promising sector or niche to start a business in in 2022, and why?

These answers are provided by the Young Entrepreneur Council (YEC), an invitation-only organization made up of the world’s most successful young entrepreneurs. YEC members represent nearly every industry, generate billions of dollars in revenue annually and have created tens of thousands of jobs. More information at yec.co.

1. The travel industry

I would recommend anything travel related. People will become increasingly excited about traveling and seeing more of the world after not being able to do so for so long. You’ll see more people able to work from anywhere, making traveling easier for them and making it a great niche for 2022.

– Cody Candee, Bounce

2. Fintech

Fintech is one of the most profitable niches in recent history, and it seems to me that it will remain profitable in 2022. I advise all entrepreneurs to follow the latest developments in this field as it is likely to have a profound impact on other sectors in the near future.

– Bryce Welker, real estate student

3. Ecommerce

I believe that the most promising sector we will enter in 2022 will be e-commerce. The way people like to shop has changed dramatically over the past two years and people are now shopping online more than ever. Because there are so many lucrative, untapped niches, you’d be surprised how well you’ll do as long as you can find a good niche and have a solid marketing strategy.

– Michelle Aran, Velvet Caviar

4. Transportation

As we come out of the pandemic, I don’t think people will stop ordering things online. The pandemic forced us to adapt, and that suits many people. We are also seeing more and more people gaining the freedom to work from home, and people choosing to buy homes in more rural areas. If you can find a side business to support that and find a strong differentiator, the sky is the limit.

– Liam Leonard, DML Capital

5. Communications technology

Consider software, apps and tools that facilitate communication, such as video conferencing, podcasts, videos, chats, etc. People are increasingly relying on remote conferencing and this will continue even as the pandemic subsides. There is always a need for better tools and problem solving in these areas, whether you are creating hardware, software or innovating new platforms.

– Kalin Kassabov, ProTexting

6. Data security

Internet of Things devices and electronics are already ‘listening’ to us and collecting data. And while this makes life easier, it also makes us vulnerable to malicious attacks. Data security is an industry that will become more necessary than ever before. Hackers are getting smarter, so it’s crucial that we can trust companies to keep our data safe, making data protection crucial in 2022.

– Syed Balkhi, WPBeginner

7. Health and wellness

Health and wellness is a promising sector to start a business in in the coming year. With the outbreak of the pandemic, people are becoming increasingly conscious about their health, hygiene and well-being. So anything related to that can be a great success if things are well planned and strategic.

– Josh Kohlbach, Wholesale Suite

8. Software as a service

I think the SaaS industry will continue to grow in 2022. Business owners and casual consumers use different types of software in their daily lives, and this trend isn’t going to change anytime soon. We will see companies continue to innovate and give users more reasons to invest in their services.

– John Turner, SeedProd LLC

9. The eco-friendly space

Climate change is becoming a major concern for people around the world. So anything that can help change the environment for the better can be good in the coming year. You can focus on making eco-friendly products, solar energy products, etc. if you want to venture into a new field.

– Thomas Griffin, OptinMonster

10. Influencer marketing

The influencer marketing industry will continue to grow, so those interested in social media should consider becoming an influencer to earn an income. You can earn thousands per post by simply sponsoring a brand and its products and services.

– Stephanie Wells, Formidable Shapes

11. The ‘work from home’ niche

With so many people deciding to work from home, the home office will become an increasingly important part of life. Companies that will benefit from this are those that can create products to make the home office more effective, either through physical furniture and comfort items or through apps that make working from home more accessible and effective.

– Salvador Ordorica, the Spanish group LLC

12. Delivery Services

Courier services will thrive: companies that will help more people save time. So we are not talking about just any courier, but about automated courier services that offer more convenience and faster transactions, such as invoicing and keeping people informed online, giving the sender the feeling that he personally delivered the package, etc.

– Daisy Jing, Banish