With the New Year right around the corner plenty of budding entrepreneurs are getting ready to launch their latest business ventures. Knowing what types of start-ups are most popular in 2006 will put you ahead of the pack in reaching out to profitable new businesses.
According to Entrepreneur Magazine, the number one hot start-up in 2006 will be the tea business. Organic teas, latte mixes, herbs, fruits and spices are steeping in opportunity. Currently tea is a $6.8 billion industry, one of the strongest beverage markets. It is projected that by 2010 the tea industry will reach $10 billion. Ultimately this niche market could prove to be quite lucrative for many business owners. One New York-based entrepreneur, who recently developed a line of bottled white teas, has projected 2005 sales of between $2 and $3 million.
The Top 10 Hot Businesses for 2006
1 Tea
2 Online Specialty Foods
3 Do-it-yourself Meal Preparation
4 One-product Restaurants
5 Chocolate Cafes
6 Shredding
7 ID-theft Prevention
8 Hosted Security Provider
9 Data Back-up
10 Surveillance Cameras
Source: Entrepreneur Magazine
What is interesting to note about the anticipated top 10 hot start-ups in 2006 is the fact that they revolve primarily around two industries: food and beverage industry and security. Much like the tea business, new businesses in the personal or business security field are projected to be very profitable. Surveillance cameras, for example, are expected to become a $4.09 billion market by 2010.
This insight offers concrete suggestions for imagery and content for hand-raising campaigns to capture growth businesses at the starting block and for micro-vertical aggregators. Since hardware, software and telecommunications suppliers play a large role in the security field, if you aren?t in one of these industries make sure you are partnering with someone who is. Finally, testimonials from some of your customers who are already in one of the hot business sectors are great way to attract others that are just starting their business.