Subtitles section Play video Print subtitles While the pandemic hit everyone strongly, the biggest losers were small businesses. Most businesses had to close down because if you don't have clients, you can't pay rent, wages, and other expenses of running a business. But that's not the worse statistics. According to Yelp, The data shows that over 60% of businesses that closed during the pandemic are now permanently closed. They are not opening their doors again. Most of these business owners spent years, if not decades building these businesses. The process of hiring one person and training him is a lot more expensive than most people imagine. I can say that from my personal experience. But not everyone suffered. Besides top Tech companies who actually profited enormously out of this pandemic and literally doubled their valuation in under a year, most small online businesses have done pretty good. And that's the beauty of online businesses because its immune to such crises. And in the age of the internet, it doesn't matter where are you! As long as you are connected to the internet, you can do business all across the globe. But what are the business that is going to grow this year and next year? Which industries are going to boom in the next few years? What business should you start if you want to become financially free? We will answer all of these questions and many more. So give this video a thumbs up, and let's start with the first one. Blockchain While most people associate Blockchain with bitcoin. It's much more than that. As we have discussed in one of the previous videos, Blockchain makes information trustable and reliable, and in the next year few years, more and more startups are going to emerge that will focus on applying this strategy to different industries. The crypto world will of course, keep rising because that's what made Blockchain popular in the first place. But I can imagine that the entire stock market will be based on Blockchain because it will automate the process and make it secure. Land ownership, intellectual property, marriages, divorces will all be stored in Blockchain-based technology, so we will no longer have land disputes or unnecessary intellectual right fights in the courtrooms. Accountants work with a spread of documents — from tax forms to bank statements to spreadsheets — containing extensive personal or organizational information. Layering in blockchain technology could make it easier to keep track of this sensitive data as it is processed by accounting firms. Loans, credit, insurances are all can be moves to Blockchain to make them more secure. I can give you a million other examples, but this is why this industry will keep growing tremendously this year. 2. Online education What 2020 proved to many of us is that colleges are obsolete. We all knew that prior to the pandemic, but we needed to prove it to the world. People who paid hundreds of thousands of dollars to get an MBA from top universities realized what a poor decision they have made because, in the age of the internet, you can learn whatever you want online. And the cost of online learning is a tiny fraction of what a college degree cost. Of course, physically attending a college has its advantages, such as building connections, being able to interact with the lecturer on a personal level, and so on. But most of what you are taught in college can easily be taught online. And it doesn't even have to be live. It could be a prerecorded course. I can teach you everything I know about the stock market without meeting you. In fact, many of you have already taken my course on Skillshare. If you haven't, you can get it for free using the link in the description because you will get a two weeks free trial. At the end of the course, you will be given an assignment which I will personally check and provide you with feedback. This industry is already booming, and in the next few years, it will grow exponentially. What I like about it is that anyone can profit out of this growth by creating a course or a class on a subject that he is good at and share it on Skillshare or teachable. Online education is growing by 10 percent a year. That might not seem high, but that's a lot. The industry is crowded slightly, but as long as you come up with a creative way to teach, you will always find your niche. 3. Tourism 2020 was the worst year in tourism history with 1 billion few international arrivals. According to various estimates, the industry lost over 1.3 trillion dollars last year. Yes, we are talking about trillions. The crisis has put between 100 and 120 million direct tourism jobs at risk, many of them in small and medium-sized enterprises. While these numbers seem scary, they also present a unique opportunity. The same players are not going to come back smoothly. The chaos usually creates new players because it provides new opportunities. The people who are going to adapt and take advantage of this chaos will prevail. Everyone knows that travel is not going to go anywhere. In fact, we have taken travel to a whole new level when Virgin Galactic made history by flying the first tourists to space. By the time this video is ready, Bezos will probably also complete his flight to space. In the next two years, this industry will be recovering, which means it could grow by 20,30 or even 50 percent a year. Riding this grow is one in a lifetime opportunity. 4. Digital Marketing 10 years, very few people took this field seriously. Everyone thought that online ads are always going to be secondary, but they didn't see how smartphones are going to dominate our lives and how much more data social media can provide. In the world of the internet, data is everything. If a tv channel can you an approximate estate of their demographics, social media companies can tell you exact data about their audiences. In fact, you can buy ads based on where they live, what they do, how old they are, what they are interested in, what movies do they watch? What they have been browsing online lately and so on. Online ads are literally a million times more effective than traditional ads, and anyone who understood how the internet works back in the 1990s took advantage out of it. Even Jeff Bezos back in the 1990s said that Amazon's greatest advantage is the amount of data it can collect. Online ads have already overtaken traditional ads. In the USA, in 2020, Digital ad spend has reached $151 billion compared to $107 billion for all traditional ads. Digital ads in the US surpassed traditional ads in 2019. It's on pace to be more than 2/3 of all ad spend in the U.S. by 2023. Opportunities in this industry are so many that you can get into this field even if you do not have any experience. After taking a few courses, you can start offering your services to small businesses. You can use their money to advertise their products while getting experience in the process. And after having a few clients. You will have a track record to show to other companies that you can set effective online ads. Remember, at the end of the day, the goal of any business is to maximize sales, and if you can help them do that, they will gladly pay you a fortune. 5. Healthcare Let's be honest, prior to the pandemic. Most people didn't take their health seriously, except those who had health problems. The pandemic was like a reminder of the horrible consequences that we could face if we do not follow simple health guidelines such as washing our hands as often as possible, paying attention to the food we eat. The company that took the best advantage out of this pandemic was Moderna. They were getting ready for such an opportunity since their inception. Thank God I had invested in this company last back when the pandemic just started. They have developed mRNA technology. It's a type of vaccine that teaches your body how to make a protein that will trigger an immune response without using a live virus. And now they are developing vaccines against Flu, Zika, HIV, and Cancer. They will probably also started developing a different kinds of drugs. This is a really competitive industry, and it's not easy to get in. So the best way to take advantage out of this industry is by investing in biotech companies such as Moderna, but there are more of them in the industry, such as BioNTech SE, Vertex, etc. The challenge is to find companies that are working on technologies that will work because if you are uneducated in this field, you can easily be manipulated and might invest in worthless companies that will go bankrupt in a few years. Here you go. These are the 5 industries that are booming currently and will continue to grow this year and in the years to come. My favorite one is Blockchain since it seems like the next step in the evolution of the internet, but be careful because its also filled with scams. Some of them might even be in the comment section of this video. But before you get into any of them, make sure to do your own research. Watching one YouTube video is not enough if it's from our channel. If you have enjoyed this video, you will most definitely enjoy this custom playlist that I have created specifically for you that has our most popular videos on business, investing, and the stock market that can potentially change your life. And now give this video the thumbs up that it deserves, and make sure to subscribe if you haven't done that yet. Thanks for watching and until next.