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  • 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 documentsfrom 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 prevailEveryone 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

  • adsIn 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.

While the pandemic hit everyone strongly, the biggest losers were small businesses.

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5 Easiest Ways To Make Money in 2021

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    Summer posted on 2021/08/03
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