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2023 was a bittersweet year for investors. Stocks and crypto, which had crashed throughout 2022, showed some recovery. Also, we didn’t get into a recession, meaning now is a good time to invest in your future.

If you’ve been thinking of starting a business or investing in a growing industry, you’re in good luck. In this article, we’ll talk more about nascent industries expected to grow rapidly in the next few years. Let’s get started.

Online Education

Online education is now a $150 billion industry according to research firm Statista. People are no longer attending physical classes to finish their degrees. They’re learning online to reduce costs and spend more time with family.

While online university education is responsible for this new industry’s huge revenues, your focus as an investor should be on short courses. Millions of people are constantly taking short online courses to learn new languages and skills.

If you’re good at teaching, consider creating a course about something you know a lot about. Maybe you’re a programmer. Perhaps you’re an excellent guitar player.

Create a short course you could sell through platforms like Udemy and Coursera. You could also sell your courses through your website and social media channels. Alternatively, create a platform where others can sell their courses and make money as an intermediary.

Online Gambling

Countries around the world are legalizing online gambling left, right, and center. The UK and most of Europe support iGaming and so does North America. In Canada and the US, states and provinces regulate mobile gaming.

Australia and New Zealand are yet to commercial remote gambling. However, current laws don’t prohibit locals from betting at an offshore casino. Many online casinos in NZ have licenses from the Malta Gaming Authority.

Christchurch online casino is an excellent example. This casino has a land-based establishment in Christchurch. But to extend its services online, Christchurch applied for a license in Malta.

Learn more about the casino in this Christchurch online casino review. Discover more about its games, banking partners, promotions, and security features. You’ll need this information if you decide to become a customer or an investor in the iGaming industry.

Speaking of which, investing in iGaming isn’t necessarily expensive. You can buy gambling shares for as little as $10. Or you could build a simple slot app and earn through advertising. Ultimately, the most expensive way to make money in the industry is by starting a casino or sportsbook.

E-Commerce

E-commerce is a trailblazer projected to continue growing in the next decade. If you’ve ever dreamed of starting a business, think online. Starting an online store is easier than ever.

For starters, you don’t even need to buy the products you plan to sell. Thanks to drop shipping, you can work with wholesalers and manufacturers to help you ship products you market online.

Additionally, you don’t have to sell physical products. You could sell digital products like eBooks and NFTs. The only catch is that you need to work extremely hard to get your business off the ground.

If you’re not ready to start an e-commerce business, you can still make money in the industry. There’s the obvious option of buying stocks. Or, you could start a business that benefits people in e-commerce.

For example, you could run a blog that helps people learn how to run an online store. Another option is to flip products through Amazon or eBay.

Communication Services

Communication service is where all the big money investors are investing their money in 2024. The industry was valued at $50 billion a decade ago. Now, it’s worth $170 billion and could tenfold this value in a decade.

For clarity, communication services is an umbrella term for social media, mainstream media, telecommunications, and everything else related to disseminating information.

Meta is the favorite communication stock for hedge fund managers. Meta is growing rapidly in both the number of users and revenues. To continue with this dominance, the company is planning to roll out AI-powered chatbots on Facebook, Instagram, WhatsApp, and Threads.

Each chatbot will have unique characters. You could soon talk to a surfer bot on matters to do with sea travel. Or you could communicate with a Benjamin Franklin-inspired character on issues related to American history.

Now, Meta isn’t the only good stock in the communications industry. Alphabet, T-Mobile US, Netflix, and Walt Disney are all excellent options. Of course, you could also invest in local communication businesses in New Zealand.

Health and Fitness

As information about health and fitness increases, people are taking their health seriously. Statistics show that health and fitness will double or triple its size by 2028.

If you’re knowledgeable about matters to do with health, you should consider making money in the sector. You can invest in an early-stage fitness center or health startup.

Alternatively, you could start your own business in the fitness sector. Fitness apps are growing popular tremendously. All you need is proper management and marketing. Also, you need to sell quality services.

If you’re thinking of investing in a health startup, work with experts. The health industry is highly regulated. You also need to be knowledgeable about matters to do with health to succeed.

Let’s say you decide to launch a home healthcare company. Unless you’re a physician, you need to hire medical experts and nurses to help run your company. This is why investing in someone else’s company is a better idea for most people.

Artificial Intelligence

All the industries of tomorrow are using Artificial Intelligence to change how they do business. That means one thing. Anything to do with AI has the potential to make money in the future.

Shop around for great AI stocks. Hint: all the big tech companies now use AI in one form or another. Both Microsoft and Google use AI to power their search engines. They also own AI-powered chatbots.

In the retail sector, Amazon is the biggest e-commerce giant known for its use of Artificial Intelligence. Then there are gaming companies like Nvidia. Away from stocks, starting an AI-powered app could also be highly profitable if it solves a common pain point or delivers great entertainment.