5 INDUSTRIES THAT COULD MAKE YOU A BILLIONAIRE IN 2021
I suspect that you stumbled upon this page because you’re sick of people telling you that you can’t make a lot of money, but you’ve been watching influencers, Tiktok stars, and YouTubers raking in the followers and the money.
The first step to making money is an effective strategy, and that would require knowing which industries are really taking off right now. So, to jump-start your new business venture, I wanted to share the 5 industries that can make you a billionaire in 2021 and for years to come.
Let’s do it!!
5. Banking and Financial Services - Estimated Wealth: $229.1 Billion / Growth Rate: 12.8%
Money is what motivates people to work. We’ve had the messages in our inbox about Bitcoin, Ehtereum, and Forex. Banks are leveraging the financial markets to make money quickly. Money loan firms, financial companies, insurance companies, and brokerage companies are also part of the finance and investment sector.
People wish to safeguard their hard-earned capital, such as their savings and enterprises, with insurance providers while investing firms assist potential billionaires like you make the best investing decisions.
If you chose this sector, definitely talk to a trusted financial advisor before you get started.
4. The Fashion Industry - Estimated Wealth: $268.1 Billion / Growth Rate: 20.7%
Online boutiques are popping up everywhere. If you love clothes, shoes, and accessories, this may be your ticket to freedom. Source your vendors, set up your Shopify store, and get going in this industry quickly.
Even if you don’t want to become a retailer, this industry can make money as an influencer. You can create and monetize your blog, start an Amazon store, make affiliate income, or become a brand ambassador for companies you already love. There are so many options here to make money and do something you love.
Fun Fact: Did you know that cosmetics are considered a recession-proof industry? All those YouTube girls doing makeup tutorials are on to something.
3. Real Estate - Estimated Wealth: $342.5 Billion / Growth Rate: 12.9%
Real estate investing will be insanely profitable if you make the right choices. Property and land increase in value over time.
This one may not make you a billionaire immediately, but the right moves now will set you up for decades to come (Hello Donald Bren)!
Think outside of the buying and selling box to break into this industry. There’s money to be made in Airbnb, construction, supplies, architecture, interior design & home organization.
With the rising growth of the population, people have a fundamental need for housing, and there is a strong demand for housing from the lower, middle, and upper classes.
2. The Healthcare Sector - Estimated Wealth: $548.0 Billion / Growth Rate: 36.3%
As long as people live, this industry will continue to thrive. COVID lockdowns forced people to focus on ways to take care of themselves. The healthcare sector consists of environmental health, preventative care (acupuncture & chiropractic), mental health (self-care & therapy), and health enhancements.
Wellness businesses have also expanded as a result of the belief that prevention is easier than treatment.
1. Tech Industry - Estimated Wealth: $565.7 Billion / Growth Rate: 41.1%
People use technology daily, and this industry is expanding rapidly more than other industries. Elon Musk and Jeff Bezos have leveraged this industry with major success.
All industries need to leverage technology to maximize efficiency, including retail, food, and agriculture.
Businesses in IT support, app development and digital marketing are great places to start this industry.
Conclusion
Choosing one industry (or company) that you love is the first step in your billion-dollar strategy.
You’ll still need perseverance, determination, and drive in addition to talent, creative ideas, and an entrepreneurial attitude.
Lastly, take action and keep making progress every day. Go for it, future billionaire.
The statistics are from Visual Capitalist from the period between April 2020 to December 2020.
